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Revenue from Contracts with Customers (Tables)
 3 Months Ended
Mar. 31, 2023
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 March 31,

 

 

 

2023

 

 

2022

 

Software revenue

 

$

26,968

 

 

$

23,911

 

Payment revenue

 

 

59,181

 

 

 

46,468

 

Services revenue

 

 

673

 

 

 

824

 

Total revenues

 

$

86,822

 

 

$

71,203

 
Information on Accounts Receivable and Contract Liabilities

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

 

 

 

As of March 31, 2023

 

 

As of December 31, 2022

 

Trade accounts receivable, net

 

$

14,414

 

 

$

14,152

 

Payment processing receivable, net

 

 

28,734

 

 

 

25,516

 

Accounts receivable, net

 

$

43,148

 

 

$

39,668

 

Contract liabilities

 

$

29,289

 

 

$

29,550

 
Significant Changes in Contract Liabilities Balance

Significant changes in the contract liabilities balance are as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Revenue recognized included in beginning of period balance

 

$

(3,224

)

 

$

(2,780

)

Cash received, excluding amounts recognized as revenue during the period

 

 

2,963

 

 

 

2,255

 
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 three months ended March 31, 2023 and 2022:

 

 

Accounts Receivable

 

 

 

 

 

 

Allowance for Credit Losses

 

 

Allowance for Returns

 

 

Supplier Advances Receivable Allowance

 

Allowance for credit losses, December 31, 2022

 

$

1,539

 

 

$

1,584

 

 

$

1,872

 

Amounts charged to contra revenue, cost of revenues and expenses

 

 

200

 

 

 

200

 

 

 

-

 

Amounts written off as uncollectable

 

 

(87

)

 

 

-

 

 

 

(648

)

Recoveries of amounts previously written off

 

 

-

 

 

 

-

 

 

 

351

 

Deduction released to revenue

 

 

-

 

 

 

(93

)

 

 

-

 

Allowance for credit losses, March 31, 2023

 

$

1,652

 

 

$

1,691

 

 

$

1,575

 

 

 

 

Accounts Receivable

 

 

 

 

 

 

 

Allowance for Credit Losses

 

 

Allowance for Returns

 

 

Supplier Advances Receivable Allowance

 

 

Allowance for credit losses, December 31, 2021

 

$

442

 

 

$

1,841

 

 

$

1,105

 

 

Adjustment to allowance on adoption of ASU 2016-13

 

 

400

 

 

 

-

 

 

 

600

 

 

Amounts charged to contra revenue, cost of revenues and expenses

 

 

216

 

 

 

-

 

 

 

550

 

 

Amounts written off as uncollectable

 

 

-

 

 

 

-

 

 

 

(707

)

 

Recoveries of amounts previously written off

 

 

-

 

 

 

-

 

 

 

251

 

 

Deduction released to revenue

 

 

-

 

 

 

(150

)

 

 

-

 

 

Allowance for credit losses, March 31, 2022

 

$

1,058

 

 

$

1,691

 

 

$

1,799

 

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

 

 

 

Current

 

 

Noncurrent

 

 

Total

 

As of March 31, 2023

 

$

15,246

 

 

$

22,218

 

 

$

37,464

 

As of December 31, 2022

 

 

15,143

 

 

 

22,546

 

 

 

37,689

 
Information about Deferred Contract Costs

The following tables present information about deferred contract costs:

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Capitalized sales commissions and implementation costs

 

$

2,838

 

 

$

2,076

 

Amortization of deferred contract costs

 

 

 

 

 

 

Costs to obtain contracts included in sales and marketing expense

 

$

1,474

 

 

$

1,323

 

Costs to fulfill contracts included in cost of revenue

 

 

1,569

 

 

 

1,526