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Concentrations
6 Months Ended
Jun. 30, 2022
Risks and Uncertainties [Abstract]  
Concentrations

14. Concentrations

 

Revenues from a limited number of customers have accounted for a substantial percentage of our total revenues. During the three months ended June 30, 2022 and 2021, our largest customer, the State of Michigan, accounted for 35% and 45%, respectively, of our total revenues, and our second largest customer, Rocket Mortgage, accounted for 6% and 9%, respectively, of our total revenues. During the six months ended June 30, 2022 and 2021, our largest customer, the State of Michigan, accounted for 37% and 48%, respectively, of our total revenues, and our second largest customer, Rocket Mortgage, accounted for 8% and 10%, respectively, of our total revenues.

 

For the three months ended June 30, 2022 and 2021, government contracts represented approximately 49% and 59%, respectively, of our net revenues. For the six months ended June 30, 2022 and 2021, government contracts represented approximately 54% and 64%, respectively, of our net revenues. A significant portion of our sales to resellers represent ultimate sales to government agencies.

 

As of June 30, 2022, accounts receivable concentrations from our two largest customers were 51% and 8% of our gross accounts receivable, respectively by customer. Accounts receivable balances from our two largest customers at June 30, 2022 have been partially collected. As of December 31, 2021, accounts receivable concentrations from our two largest customers were 65% and 7% of gross accounts receivable, respectively by customer.