WaveDancer, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Revenue from Contracts with Customers (Tables)

Note 2 - Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2021

Notes Tables

Disaggregation of Revenue [Table Text Block]

Contract		3 Months ended 03/31/2021								3 Months ended 03/31/2020
Type		Amount				Percentage				Amount				Percentage

Services Time & Materials		$	1,966,129				57.5	%		$	590,570				28.7	%

Services Fixed Price			16,800				0.5	%			123,405				6.0	%

Services Combination			409,870				12.0	%			82,408				4.0	%

Services Fixed Price per Unit			46,460				1.4	%			48,020				2.3	%

Third-Party Software			920,695				26.9	%			1,004,305				48.7	%

Software Support & Maintenance			16,939				0.5	%			212,568				10.3	%

Incentive Payments			42,687				1.2	%			480				0.0	%

Total Revenue		$	3,419,580							$	2,061,756

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

Contract Assets

Balance at December 31, 2020		$	210,688

Contract assets added			131,943

Balance at March 31, 2021		$	342,631

Contract Liabilities
Balance at December 31, 2020		$	946,884
Contract liabilities added			93,934
Revenue recognized			(585,322	)
Balance at March 31, 2021		$	455,496


Balance at December 31, 2019		$	464,223
Contract liabilities added			19,136
Revenue recognized			(212,568	)
Balance at March 31, 2020			270,791

Deferred Costs of Revenue [Table Text Block]

Deferred Costs of Revenue
Balance at December 31, 2020		$	89,068
Defered costs added			17,406
Deferred costs expensed			(75,223	)
Balance at March 31, 2021		$	31,251


Balance at December 31, 2019		$	453,607
Defered costs added			181
Deferred costs expensed			(207,437	)
Balance at March 31, 2020		$	246,351