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Revenues
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Deferred Contract Costs
The following tables presents the Company’s deferred contract costs and amortization of deferred contract costs (in thousands):
March 31,
2024		December 31,
2023
Deferred contract costs
$543 $489 
Three Months Ended March 31,
20242023
Amortization of deferred contract costs
$281 $261 
Deferred Revenue

The following table presents information regarding the Company’s deferred revenue (in thousands):
March 31,
2024		December 31,
2023
Deferred revenue
$33,224 $30,049 
Three Months Ended March 31,
20242023
Total revenue recognized, included in each deferred revenue balance at the beginning of each respective period
$10,453 $9,269 

The Company’s deferred revenue as stated on its condensed consolidated balance sheets presented approximates its contract liability balance as of March 31, 2024 and December 31, 2023. The Company’s total deferred revenue balance as of March 31, 2024, approximates the aggregate amount of the transaction price allocated to remaining performance obligations (“RPOs”) as of that date. As of March 31, 2024, the Company's RPOs were $35.9 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 March 31, 2024, the Company expects to recognize 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 total revenue disaggregated by product (in thousands):
Three Months Ended March 31,
20242023
B2 Cloud Storage
$14,622 $9,977 
Computer Backup
15,346 13,417 
Total revenue(1)
$29,968 $23,394 
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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):
Three Months Ended March 31,
20242023
Consumption-based arrangements
$14,278 $9,905 
Subscription-based arrangements
15,567 13,339 
Physical Media (point in time)
123 150 
Total revenue
$29,968 $23,394 
Total revenue by geographic area, based on the location of the Company’s customers, was as follows (in thousands):
Three Months Ended March 31,
20242023
United States$21,927 $16,716 
United Kingdom1,628 1,250 
Canada1,398 1,218 
Other5,015 4,210 
Total revenue$29,968 $23,394