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Revenue | 9 Months Ended
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Sep. 30, 2021
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue Disaggregated Revenues The tables below show the Company’s disaggregated revenue for the periods presented:
| Three Months Ended September 30, |  |
| 2021 |  | 2020 |  |
Subscription revenues | $ | 246,467 |  |  | $ | 222,069 |  |  |
Transactional revenues | 85,354 |  |  | 64,398 |  |  |
Re-occurring revenues | 110,368 |  |  | — |  |  |
Total revenues, gross | 442,189 |  |  | 286,467 |  |  |
Deferred revenues adjustment (1) | (72) |  |  | (2,107) |  |  |
Total revenues, net | $ | 442,117 |  |  | $ | 284,360 |  |  |
(1) Reflects the deferred revenue adjustment as a result of purchase accounting. |  |  |  |  |
| Nine Months Ended September 30, |  |
| 2021 |  | 2020 |  |
Subscription revenues | $ | 725,121 |  |  | $ | 631,873 |  |  |
Transactional revenues | 259,300 |  |  | 174,000 |  |  |
Re-occurring revenues | 336,236 |  |  | — |  |  |
Total revenues, gross | 1,320,657 |  |  | 805,873 |  |  |
Deferred revenues adjustment (1) | (4,465) |  |  | (7,421) |  |  |
Total revenues, net | $ | 1,316,192 |  |  | $ | 798,452 |  |  |
(1) Reflects the deferred revenue adjustment as a result of purchase accounting.
Contract Balances
| Accounts receivable, net |  | Current portion of deferred revenues |  | Non-current portion of deferred revenues
Opening (1/1/2021) | $ | 737,733 |  |  | $ | 707,318 |  |  | $ | 41,399 |
Closing (09/30/2021) | 610,755 |  |  | 579,935 |  |  | 44,934 |
(Increase)/decrease | $ | 126,978 |  |  | $ | 127,383 |  |  | $ | (3,535) |
Opening (1/1/2020) | $ | 333,858 |  |  | $ | 407,325 |  |  | $ | 19,723 |
Closing (09/30/2020) | 238,638 |  |  | 326,098 |  |  | 24,080 |
(Increase)/decrease | $ | 95,220 |  |  | $ | 81,227 |  |  | $ | (4,357) |
The amount of revenue recognized in the period that was included in the opening deferred revenues balances was $485,682 and $339,589 for the nine months ended September 30, 2021 and 2020, respectively. This revenue consists primarily of subscription revenues. Transaction Price Allocated to the Remaining Performance Obligation As of September 30, 2021, approximately $78,124 of revenue is expected to be recognized in the future from remaining performance obligations, excluding contracts with duration of one year or less. The Company expects to recognize revenue on approximately 52.8% of these performance obligations over the next 12 months. Of the remaining 47.2%, 23.6% is expected to be recognized within the following year, 17.5% is expected to be recognized within three to five years, with the final 6.2% expected to be recognized within six to ten years.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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