XML 47 R18.htm IDEA: XBRL DOCUMENT v3.20.4
Revenue From Contracts With Customers
 9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue From Contracts With Customers
5. Revenue from contracts with customers

 

Disaggregated revenue

 

The following table presents the Company’s revenues disaggregated into categories based on the nature of such revenues (in thousands):

 

    Three Months Ended September 30     Nine months ended September 30  
    2020     2019     2020     2019  
Subscriptions   $ 53,433     $ -     $ 92,945     $ -  
Advertisements     7,520       -       11,843       -  
Software licenses, net – Nexway eCommerce Solutions     -       5,834       7,295       5,834  
Other     249       -       586       -  
Total revenue   $ 61,202     $ 5,834     $ 112,669     $ 5,834  

 

Contract balances

 

There were no losses recognized related to any receivables arising from the Company’s contracts with customers for the three and nine months ended September 30, 2020 and 2019.

 

For the three and nine months ended September 30, 2020 and 2019, the Company did not recognize material bad-debt expense and there were no material contract assets recorded on the accompanying condensed consolidated balance sheet as of September 30, 2020 and December 31, 2019.

 

The contract liabilities primarily relate to upfront payments and consideration received from customers for subscription services. As of September 30, 2020, the Company’s contract liabilities totaled approximately $15.4 million and are recorded as deferred revenue on the accompanying condensed consolidated balance sheet. There were no contract liabilities recorded as of December 31, 2019.

 

Transaction price allocated to remaining performance obligations

 

The Company does not disclose the transaction price allocated to remaining performance obligations since

subscription and advertising contracts have an original expected term of one year or less