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Revenue Recognition | 9 Months Ended
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Sep. 30, 2021
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Revenue Recognition Disaggregation of revenues The following table depicts the disaggregation of revenue according to customer type and is consistent with how we evaluate our financial performance. We believe this depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.
| Three Months Ended September 30, 2021
| Subscriptions |  | Advertising |  | Revenue Share (Related Party) |  | Revenue Share (Third-party) |  | Total
Timing of transfer: |
Transferred over time | $ | 139,831 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 139,831 |
Transferred at a point in time | — |  |  | 423 |  |  | 245 |  |  | 168 |  |  | 836 |
Total | $ | 139,831 |  |  | $ | 423 |  |  | $ | 245 |  |  | $ | 168 |  |  | $ | 140,667 |
| Three Months Ended September 30, 2020
| Subscriptions |  | Advertising |  | Revenue Share (Related Party) |  | Revenue Share (Third-party) |  | Total
Timing of transfer: |
Transferred over time | $ | 95,763 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 95,763 |
Transferred at a point in time | — |  |  | 437 |  |  | 1,041 |  |  | 918 |  |  | 2,396 |
Total | $ | 95,763 |  |  | $ | 437 |  |  | $ | 1,041 |  |  | $ | 918 |  |  | $ | 98,159 |
| Nine Months Ended September 30, 2021
| Subscriptions |  | Advertising |  | Revenue Share (Related Party) |  | Revenue Share (Third-party) |  | Total
Timing of transfer: |
Transferred over time | $ | 398,362 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 398,362 |
Transferred at a point in time | — |  |  | 1,968 |  |  | 864 |  |  | 1,317 |  |  | 4,149 |
Total | $ | 398,362 |  |  | $ | 1,968 |  |  | $ | 864 |  |  | $ | 1,317 |  |  | $ | 402,511 |
| Nine Months Ended September 30, 2020
| Subscriptions |  | Advertising |  | Revenue Share (Related Party) |  | Revenue Share (Third-party) |  | Total
Timing of transfer: |
Transferred over time | $ | 251,685 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 251,685 |
Transferred at a point in time | — |  |  | 1,443 |  |  | 2,479 |  |  | 1,729 |  |  | 5,651 |
Total | $ | 251,685 |  |  | $ | 1,443 |  |  | $ | 2,479 |  |  | $ | 1,729 |  |  | $ | 257,336 |
Revenue recognition by subscription type was as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  |  |  |  |  | 2021 |  | 2020 |  | 2021 |  | 2020
Lifetime subscriptions |  |  |  |  |  | $ | 50,862 |  |  | $ | 35,005 |  |  | $ | 140,893 |  |  | $ | 97,093 |
Term subscriptions |  |  |  |  |  | 88,970 |  |  | 60,759 |  |  | 257,470 |  |  | 154,593 |
Non-subscription revenue |  |  |  |  |  | 835 |  |  | 2,395 |  |  | 4,148 |  |  | 5,650 |
Total |  |  |  |  |  | $ | 140,667 |  |  | $ | 98,159 |  |  | $ | 402,511 |  |  | $ | 257,336 |
Revenue for the Lifetime and Term subscription types are determined based on the terms of the subscription agreements. Non-subscription revenue consists of revenue from advertising and other revenue. Net revenue by principal geographic areas was as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  |  |  |  |  | 2021 |  | 2020 |  | 2021 |  | 2020
United States |  |  |  |  |  | $ | 139,998 |  |  | $ | 97,369 |  |  | $ | 400,871 |  |  | $ | 255,142 |
International |  |  |  |  |  | 669 |  |  | 790 |  |  | 1,640 |  |  | 2,194 |
Total |  |  |  |  |  | $ | 140,667 |  |  | $ | 98,159 |  |  | $ | 402,511 |  |  | $ | 257,336 |
Revenue by location is determined by the billing entity for the customer. Contract Balances The timing of revenue recognition, billings, cash collections and refunds affects the recognition of accounts receivable, contract assets and deferred revenue. Our current deferred revenue balance in the consolidated balance sheets includes an obligation for refunds for contracts where the provision for refund has not lapsed. Accounts receivable, deferred revenue and obligation for refunds are as follows:
| As of |  |  |  |
| September 30, 2021 |  | December 31, 2020 |  |  |  |
Contract balances |  |  |  |  |  |  |
Accounts receivable | $ | 6,817 |  |  | $ | 12,398 |  |  |  |  |
Obligations for refunds | $ | 5,403 |  |  | $ | 3,448 |  |  |  |  |
Deferred revenue – current | $ | 332,783 |  |  | $ | 274,819 |  |  |  |  |
Deferred revenue – non-current | $ | 366,676 |  |  | $ | 254,481 |  |  |  |  |
We recognized $63,960 and $43,107 of revenue during the three months ended September 30, 2021 and 2020, and $240,638 and $156,084 during the nine months ended September 30, 2021 and 2020, respectively, that was included within the beginning contract liability balance of the respective periods. The Company has collected all amounts included in deferred revenue other than $6,817 and $12,398 as of September 30, 2021 and December 31, 2020, respectively, related to the timing of cash settlement with credit card processors. Assets Recognized from Costs to Obtain a Contract with a Customer The following table presents the opening and closing balances of our capitalized costs associated with contracts with customers:
Balance at January 1, 2021 | $ | 107,236 |
Royalties and sales commissions – additions | 55,502 |
Revenue share and cost per acquisition fees – additions | 77,437 |
Amortization of capitalized costs | (50,889) |
Balance at September 30, 2021 | $ | 189,286 |
We did not recognize any impairment on capitalized costs associated with contracts with customers for the three and nine months ended September 30, 2021 and 2020. Remaining Performance Obligations As of September 30, 2021, the Company had $704,862 of remaining performance obligations presented as deferred revenue in the consolidated balance sheets. We expect to recognize approximately 47% of that amount as revenues over the next twelve months, with the remainder recognized thereafter.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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