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Note 11 - Costs to Obtain and Fulfill a Contract

9 Months Ended

Sep. 30, 2024

11. Costs to obtain and fulfill a Contract:

Deferred costs of fulfillment

Deferred costs to fulfill contracts primarily consist of domain registration costs which have been paid to a domain registry and are capitalized as deferred costs of fulfillment. These costs are deferred and amortized over the life of the domain which generally ranges from one to ten years. The Company also defers certain technology design and data migration costs it incurs to fulfill its performance obligations contained in our platform services arrangements.

The breakdown of the movement in the deferred costs of fulfillment balance for the nine months ended September 30, 2024 is as follows (Dollar amounts in thousands of U.S. dollars).

	*September 30, 2024*

Balance, beginning of period	$	111,068
Deferral of costs		138,514
Amortized expense included in cost of revenue		(133,353	)
Balance, end of period	$	116,229