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Revenue from Contracts with Customers (Tables)
 6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Revenues Disaggregated by Type of Services Performed

The table below presents the Company’s revenues disaggregated by type of services performed.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Software revenue

 

$

24,202

 

 

$

21,656

 

 

$

48,113

 

 

$

42,071

 

Payment revenue

 

 

51,581

 

 

 

36,459

 

 

 

98,049

 

 

 

70,620

 

Services revenue

 

 

778

 

 

 

639

 

 

 

1,602

 

 

 

1,277

 

Total revenues

 

$

76,561

 

 

$

58,754

 

 

$

147,764

 

 

$

113,968

 
Information on Accounts Receivable and Contract Liabilities

The table below presents information on accounts receivable and contract liabilities.

 

 

 

As of June 30, 2022

 

 

As of December 31, 2021

 

Trade accounts receivable, net

 

$

12,975

 

 

$

9,797

 

Payment processing receivable, net

 

 

23,046

 

 

 

21,168

 

Accounts receivable, net

 

$

36,021

 

 

$

30,965

 

Contract liabilities

 

$

29,267

 

 

$

29,880

 
Significant Changes in Contract Liabilities Balance

Significant changes in the contract liabilities balance are as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenue recognized included in beginning of period balance

 

$

(2,678

)

 

$

(1,734

)

 

$

(5,303

)

 

$

(4,128

)

Cash received, excluding amounts recognized as revenue during the period

 

 

2,590

 

 

 

1,949

 

 

 

4,690

 

 

 

4,792

 
Summary of Changes in Allowance for Doubtful Accounts

The tables below present a summary of changes in the Company’s allowance for doubtful accounts for the six months ended June 30, 2022 and 2021:

 

 

Accounts Receivable

 

 

Supplier Advances

 

 

 

Allowance

 

 

Receivable Allowance

 

Allowance for doubtful accounts, December 31, 2021

 

$

2,284

 

 

$

1,105

 

Amounts charged to contra revenue, cost of revenues and expenses

 

 

63

 

 

 

1,250

 

Amounts written off as uncollectable

 

 

-

 

 

 

(1,595

)

Recoveries of amounts previously written off

 

 

-

 

 

 

597

 

Allowance for doubtful accounts, June 30, 2022

 

$

2,347

 

 

$

1,357

 

 

 

 

Accounts Receivable

 

 

Supplier Advances

 

 

 

Allowance

 

 

Receivable Allowance

 

Allowance for doubtful accounts, December 31, 2020

 

$

1,769

 

 

$

1,099

 

Amounts charged to contra revenue, cost of revenues and expenses

 

 

207

 

 

 

-

 

Amounts written off as uncollectable

 

 

(181

)

 

 

(233

)

Recoveries of amounts previously written off

 

 

-

 

 

 

44

 

Allowance for doubtful accounts, June 30, 2021

 

$

1,795

 

 

$

910

 
Schedule of Remaining Performance Obligation Remaining performance obligation consisted of the following:

 

 

 

Current

 

 

Noncurrent

 

 

Total

 

As of June 30, 2022

 

$

14,380

 

 

$

23,093

 

 

$

37,473

 

As of December 31, 2021

 

 

13,339

 

 

 

23,475

 

 

 

36,814

 
Information about Deferred Contract Costs

The following tables present information about deferred contract costs:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Capitalized sales commissions and implementation costs

 

$

2,892

 

 

$

3,542

 

 

$

4,968

 

 

$

6,400

 

Amortization of deferred contract costs

 

 

 

 

 

 

 

 

 

 

 

 

Costs to obtain contracts included in sales and marketing expense

 

$

(1,355

)

 

$

(1,273

)

 

$

(2,678

)

 

$

(2,463

)

Costs to fulfill contracts included in cost of revenue

 

 

(1,555

)

 

 

(1,346

)

 

 

(3,081

)

 

 

(2,648

)