Significant Accounting Policies [Text Block] | 2. Basis of Presentation The accompanying unaudited condensed consolidated balance sheet as of December 31, 2021, SEC GAAP In the opinion of management, these financial statements contain all material adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position, results of operations and cash flows for the periods indicated. Operating results for the six June 30, 2022 not may December 31, 2022 These unaudited interim condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements as of December 31, 2021 2020 December 31, 2021, 2020 2019 10 December 31, 2021 March 31, 2022 (“ Annual Report Recently Adopted Accounting Guidance In February 2016, FASB ASU 2016 02, Leases “ ASC 2017 13, 2018 10, 2018 11, 2018 20, 2019 01, 2019 10, 2020 02, 2020 05 2021 05 “ ASC 842 842 January 1, 2022 not 842 ROU The Company elected the package of practical expedients permitted under the transition guidance within the new standard, which allowed the Company to carry forward its historical assessments of whether a contract contains a lease, lease classification and initial direct costs. The Company elected not 842: not ASC 840 840 12 The adoption of the new standard resulted in the recognition of ROU assets of $13.9 million, net of previously recognized deferred rent balance of $0.6 million and total lease liabilities of $14.5 million, including a current liability of $3.6 million, and corresponding deferred tax assets and liabilities, on the Company's condensed consolidated balance sheet as of January 1, 2022. no In October 2021, No. 2021 08, ASC 805 ASC 606 December 15, 2022, not January 1, 2022. not Comparative Data Certain amounts from prior periods which have been presented separately have been grouped to conform to the current period presentation, including: • The reclassification of long-term unbilled receivables to be included in other assets on the condensed consolidated balance sheets as of December 31, 2021; • The reclassification of accrued rent obligation to be included in accounts payable, accrued expenses and other liabilities on the condensed consolidated statements of cash flows for the six June 30, 2021. Business Combination When we consummate a business combination, the assets acquired, and the liabilities assumed are recognized separately from goodwill at their acquisition date fair values. Goodwill as of the acquisition date is measured as the excess of the fair value of consideration transferred over the acquisition date fair value of the net identifiable assets acquired. While best estimates and assumptions are used to accurately value assets acquired and liabilities assumed at the acquisition date as well as contingent consideration, where applicable, our estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may one Goodwill Goodwill represents the excess of the fair value of consideration transferred over the fair value of net identifiable assets acquired. We will test goodwill for impairment at least annually by performing qualitative and quantitative assessment of whether the fair value of each reporting unit or asset exceeds its carrying amount. We have one No six June 30, 2022, not Other Intangible Assets, net Other intangible assets consist of order backlog, customer relationship and acquired software and technology. Intangible assets that have finite useful lives are amortized over their useful lives on a straight-line basis, which range from one ten may may Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our condensed consolidated financial statements and accompanying notes. We base our estimates and assumptions on historical experience and on various other assumptions that we believe are reasonable under the circumstances. The amounts of assets and liabilities reported in our condensed consolidated balance sheets and the amounts of revenue and expenses reported for each of its periods presented are affected by estimates and assumptions, which are used for, but not may 19. Foreign Currency The Company has foreign operations where the functional currency has been determined to be the local currency, in accordance with FASB ASC 830, Foreign Currency Matters three six June 30, 2022 three six June 30, 2021 Cash and Cash Equivalents The Company maintains cash with several high credit-quality financial institutions. The Company considers all investments available with original maturities of three not not June 30, 2022 December 31, 2021 Short-Term Investments Short-term investments consist mainly U.S. treasury bills and certificate of deposits held by financial institutions which have an initial maturity of greater than three one Based on our intentions regarding these investments, we classify substantially all of our investments as available-for-sale. We carry these securities at fair value, and report the unrealized gains and losses, net of taxes, as a component of stockholders’ equity, except for any unrealized losses determined to be related to credit losses, which we record within non-operating income, net in the accompanying consolidated statements of operations. Substantially all of our investments are classified as current based on the nature of the investments and their availability for use in current operations. Allowance for Doubtful Accounts The Company evaluates the collectability of its accounts receivable based on a combination of factors. Where we are aware of circumstances that may Deferred Contract Costs We defer sales commissions earned by its sales force that are considered to be incremental and recoverable costs of obtaining SaaS, term license and support, service, perpetual license and maintenance contracts. We have structured commissions plans such that the commission rate paid on renewal contracts are less than those paid on the initial contract; therefore, it is determined that the renewal commissions are not Amortization of deferred contract costs of $3.2 million and $6.2 million for the three six June 30, 2022 three six June 30, 2021 June 30, 2022 December 31, 2021 Revenue Recognition The Company derives revenue from four Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (in thousands) Revenue: SaaS $ 27,619 $ 20,586 $ 54,172 $ 38,845 Term license and support 14,011 11,088 24,213 19,815 Services 9,848 7,302 18,773 13,218 Maintenance 4,067 5,458 8,508 10,867 Perpetual license 156 910 326 1,399 Total revenue $ 55,701 $ 45,344 $ 105,992 $ 84,144 Term license and perpetual license revenue recognized at point in time was $9.9 million and $16.1 million for the three six June 30, 2022 three six June 30, 2021 We use judgement in determining the SSP for products and services. For substantially all performance obligations except term licenses, we are able to establish the SSP based on the observable prices of products or services sold separately in comparable circumstances to similar customers. We typically establish an SSP range for our products and services which is reassessed on a periodic basis or when facts and circumstances change. Term licenses are sold only as a bundled arrangement that includes the rights to a term license and support. In determining the SSP of license and support in a term license arrangement we applied observable inputs using the value relationship between support and term license, the value relationship between support and perpetual licenses, the average economic life of our products, software renewals rates and the price of the bundled arrangement in relation to the perpetual licensing approach. Using a combination of the relative fair value method or the residual value method the SSP of the performance obligations in an arrangement was allocated to each performance obligation within a sales arrangement. Revenue deferred as of June 30, 2022 December 31, 2021 six June 30, 2022 six June 30, 2021 The opening and closing balances of the Company’s accounts receivable, net, deferred revenue and deferred contract costs are as follows: Accounts Deferred receivable, Deferred contract net (1) revenue costs (in thousands) Opening (January 1, 2021) $ 53,749 $ 74,688 $ 31,943 Closing (December 31, 2021) 61,335 82,332 38,926 Increase/(decrease) 7,586 7,644 6,983 Opening (January 1, 2022) $ 61,335 $ 82,332 $ 38,926 Closing (June 30, 2022) 56,218 80,946 40,474 Increase/(decrease) (5,117 ) (1,386 ) 1,548 ( 1 There were no December 31, 2021 six June 30, 2022 As of June 30, 2022 twelve As of December 31, 2021, twelve Stock-Based Compensation Stock-based compensation represents the cost related to stock-based awards granted to employees. To date, we have issued both stock options and restricted stock units (“ RSUs We estimate the fair value of stock options using a Black-Scholes valuation model. The Black-Scholes model requires highly subjective assumptions in order to derive the inputs necessary to calculate the fair value of stock options. To estimate the expected term of stock options, the Company considered contractual terms of the options, including the vesting and expiration periods, as well as historical option exercise data and current market conditions to determine an estimated expected term. The Company’s historical experience is too limited to be able to reasonably estimate expected term. Expected volatility is based on historical volatility of a group of peer entities. Dividend yields are based upon historical dividend yields. Risk-free interest rates are based on the implied yields currently available on U.S. Treasury zero Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to difference between financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to be applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. We recognize liabilities for uncertain tax positions taken or expected to be taken in income tax returns. Accrued interest and penalties related to unrecognized tax benefits are recognized as part of the provision for income taxes. Judgment is required in determining the provision for income taxes, deferred tax assets and liabilities and unrecognize tax benefits. In determining the need for a valuation allowance, the historical and projected financial performance of the operation that is recording a net deferred tax asset is considered along with any other pertinent information. We file income tax returns in the U.S. federal, various states and foreign jurisdictions. The tax years 2017 2020 2011 2021 Redeemable Noncontrolling Interest At June 30, 2022 December 31, 2021 EduTech AEPL Pte. Ltd. (“ AEPL As part of AEPL’s investment in EduTech, the Company granted AEPL a put option which allows AEPL to cause the Company to repurchase AEPL’s shares in EduTech at any time between December 24, 2022 December 24, 2023 June 30, 2022 December 31, 2021 I-Access Solutions Pte. Ltd. (“ I-Access On February 18, 2022 ( I-Access Closing Date January 31, 2022 ( Share Purchase Agreement June 30, 2022 3 — Emerging Growth Company The Company is considered an emerging growth company. Section 102 1 not not not Recent Accounting Pronouncements In August 2020, 2020 06, Debt — Debt with Conversion and Other Options ASC 470 20 Derivatives and Hedging — Contracts in Entity’s Own Equity ASC 815 40 ASU 2020 06 2020 06 December 15, 2023. 2020 06 In December 2019, 2019 12, Income Taxes ASC 740 2019 12 740. December 15, 2021. not not 2019 12 In January 2016, 2016 13, Financial Instruments — Credit Losses on Financial Instruments ASC 326 not 2020 02 December 15, 2022. While the Company generally expects the financial records to be impacted by the requirements highlighted above, the Company cannot reasonably estimate the impact that adoption of the ASUs referenced in this announcement is expected to have on the financial statements at this time. |