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)

9 Months Ended

Sep. 30, 2020

Notes Tables

Disaggregation of Revenue [Table Text Block]

Contract		3 Months ended 09/30/2020								3 Months ended 09/30/2019
Type		Amount				Percentage				Amount				Percentage

Services Time & Materials		$	1,403,270				35.8	%		$	643,047				20.2	%

Services Fixed Price			27,150				0.7	%			96,255				3.0	%

Services Combination			133,914				3.4	%			113,220				3.6	%

Services Fixed Price per Unit			16,350				0.4	%			36,140				1.1	%

Third-Party Software			2,248,574				57.3	%			2,138,815				67.2	%

Software Support & Maintenance			56,290				1.4	%			149,570				4.7	%

Incentive Payments			37,198				1.0	%			5,550				0.2	%

Total Revenue		$	3,922,746							$	3,182,597

Contract		9 Months ended 09/30/2020								9 Months ended 09/30/2019
Type		Amount				Percentage				Amount				Percentage

Services Time & Materials		$	2,724,653				25.2	%		$	1,817,577				22.5	%

Services Fixed Price			177,705				1.7	%			310,654				3.9	%

Services Combination			382,860				3.5	%			185,867				2.3	%

Services Fixed Price per Unit			68,290				0.6	%			98,311				1.2	%

Third-Party Software			6,859,994				63.5	%			5,195,547				64.4	%

Software Support & Maintenance			531,983				4.9	%			448,357				5.6	%

Incentive Payments			58,412				0.6	%			9,524				0.1	%

Total Revenue		$	10,803,897							$	8,065,837

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

Contract Assets
Balance at December 31, 2019		$	-
Balance at March 31, 2020			-
Contract assets added			13,918
Balance at June 30, 2020			13,918
Contract assets added			75,486
Balance at September 30, 2020		$	89,404

Contract Liabilities
Balance at December 31, 2019		$	464,223
Contract liabilities added			19,136
Revenue recognized			(212,568	)
Balance at March 31, 2020			270,791
Contract liabilities added			9,906
Revenue recognized			(216,353	)
Balance at June 30, 2020			64,344
Contract liabilities added			480,024
Revenue recognized			(212,719	)
Balance at September 30, 2020		$	331,649

Deferred Costs of Revenue [Table Text Block]

Deferred Costs of Revenue
Balance at December 31, 2019		$	453,607
Defered costs added			182
Deferred costs expensed			(207,438	)
Balance at March 31, 2020			246,351
Defered costs added			2,472
Deferred costs expensed			(192,548	)
Balance at June 30, 2020			56,275
Deferred costs expensed			(54,477	)
Balance at September 30, 2020		$	1,798