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Other Financial Statement Information | 6 Months Ended
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Jun. 30, 2021
Other Financial Information [Abstract] |
Other Financial Statement Information | Note 3. Other Financial Statement Information Accounts Receivable Changes in the allowance consisted of the following (in thousands):
|  | Three Months Ended June 30 |  |  | Six Months Ended June 30 |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Beginning balance |  | $ | 4,709 |  |  | $ | 1,366 |  |  | $ | 5,256 |  |  | $ | 2,461 |
Add: amounts recognized as a reduction of revenue |  |  | 1,445 |  |  |  | 930 |  |  |  | 3,027 |  |  |  | 2,813 |
Add: bad debt expense recognized in general and administrative expense |  |  | 16 |  |  |  | 680 |  |  |  | 30 |  |  |  | 680 |
Less: write-offs, net of recoveries |  |  | (1,056 | ) |  |  | (529 | ) |  |  | (3,199 | ) |  |  | (3,507 | )
Ending balance |  | $ | 5,114 |  |  | $ | 2,447 |  |  | $ | 5,114 |  |  | $ | 2,447 |
The allowance recognized as a reduction of revenue primarily relates to our installment plan receivables for which we expect we will not be entitled to a portion of the transaction price based on our historical experience with similar transactions. The allowance recognized against general and administrative expense represents an allowance relating to receivables from partners that are no longer considered collectible. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands):
|  | June 30, 2021 |  |  | December 31, 2020 |
Prepaid expenses |  | $ | 7,797 |  |  | $ | 7,177 |
Deferred cost of revenue |  |  | 2,452 |  |  |  | 1,967 |
Other current assets |  |  | 2,316 |  |  |  | 1,392 |
Total prepaid expenses and other current assets |  | $ | 12,565 |  |  | $ | 10,536 |
Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following (in thousands):
|  | June 30, 2021 |  |  | December 31, 2020 |
Accrued payroll and related expenses |  | $ | 15,530 |  |  | $ | 16,135 |
Accrued vendor payables |  |  | 17,714 |  |  |  | 10,854 |
Derivative liabilities and hybrid debt |  |  | 5,554 |  |  |  | 5,131 |
Sales allowances |  |  | 4,676 |  |  |  | 4,856 |
Accrued sales, use and business taxes |  |  | 1,816 |  |  |  | 1,789 |
Accrued advertising |  |  | — |  |  |  | 173 |
Other |  |  | 2,587 |  |  |  | 2,090 |
Total accrued expenses and other current liabilities |  | $ | 47,877 |  |  | $ | 41,028 |
Depreciation and Amortization Depreciation and amortization expense of our property and equipment, including capitalized internal-use software, and intangible assets consisted of the following (in thousands):
|  | Three Months Ended June 30 |  |  | Six Months Ended June 30 |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Cost of revenue |  | $ | 1,398 |  |  | $ | 1,934 |  |  | $ | 3,076 |  |  | $ | 3,892 |
Sales and marketing |  |  | 1,323 |  |  |  | 1,762 |  |  |  | 2,798 |  |  |  | 3,611 |
Technology and development |  |  | 584 |  |  |  | 667 |  |  |  | 1,171 |  |  |  | 1,317 |
General and administrative |  |  | 358 |  |  |  | 464 |  |  |  | 784 |  |  |  | 927 |
Total depreciation and amortization expense |  | $ | 3,663 |  |  | $ | 4,827 |  |  | $ | 7,829 |  |  | $ | 9,747 |
Deferred Revenue Deferred revenue as of June 30, 2021 and December 31, 2020 was $153.9 million and $130.1 million, respectively. We recognized $77.5 million and $57.7 million of revenue during the three months ended June 30, 2021 and 2020, respectively, that was included in the deferred revenue balances as of March 31, 2021 and 2020, respectively, and $102.3 million and $83.1 million during the six months ended June 30, 2021 and 2020, respectively, that was included in the deferred revenue balances as of December 31, 2020 and 2019, respectively. We expect to recognize substantially all of the remaining deferred revenue as of December 31, 2020 as revenue in 2021. We expect substantially all of the deferred revenue at June 30, 2021 will be recognized as revenue within the next twelve months. We have omitted disclosure about the transaction price allocated to remaining performance obligations and when revenue will be recognized as revenue as our contracts with customers that have a duration of more than one year are immaterial.

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