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Revenues
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Deferred Contract Costs
The following table presents the Company’s amortization of deferred contract costs (in thousands):

For the Years Ended
December 31,
20232022
Amortization of deferred contract costs
$978$892
December 31,
20232022
Deferred contract costs
$489$418
Deferred Revenue
The following table presents information regarding the Company’s deferred revenue (in thousands):

December 31,
20232022
Deferred revenue
$30,049$25,523
For the Years Ended December 31,
20232022
Total revenue recognized, included in each deferred revenue balance at the beginning of each respective period
$22,983$21,764
The Company’s deferred revenue as stated on the consolidated balance sheets presented approximates its contract liability balance as of December 31, 2023 and 2022. The Company’s total deferred revenue balance as of December 31, 2023, approximates the aggregate amount of the transaction price allocated to remaining performance obligations (“RPOs”) as of that date. As of December 31, 2023, the Company’s RPOs were $33.1 million. This amount includes deferred revenue arising from consideration invoiced for which the related performance obligations have not been satisfied, as well as future committed revenue for periods within current contracts with customers. As of December 31, 2023, the Company expects to recognize $27.6 million or approximately 84% of its RPOs over the next 12 months, and substantially all of its RPOs over the next 24 months.
Disaggregation of Total Revenue
The following table presents the Company’s revenue disaggregated by product (in thousands):
For the Years Ended
December 31,
20232022
B2 Cloud Storage
$46,427 $33,202 
Computer Backup
55,592 51,953 
Total revenue(1)
$102,019 $85,155 
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(1) For the periods presented, Physical Media revenue has been consolidated into B2 Cloud Storage or Computer Backup revenue based on the underlying offering from which it originates.
The following table presents the Company’s total revenue disaggregated by timing of revenue recognition (in thousands):

For the Years Ended
December 31,
20232022
Consumption-based arrangements
$45,771 $33,041 
Subscription-based arrangements
55,679 51,431 
Physical Media (point in time)
569 683 
Total revenue
$102,019 $85,155 

Total revenue by geographic area, based on the location of the Company’s customers, was as follows (in thousands):
For the Years Ended
December 31,
20232022
United States
$73,262 $60,950 
United Kingdom5,463 4,652 
Canada5,027 4,324 
Other
18,267 15,229 
Total revenue
$102,019 $85,155