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Related Parties
6 Months Ended
Jun. 30, 2023
Related Party Transactions [Abstract]  
Related Parties

16. Related Parties

Employment of Rongke Xie

Rongke Xie, who serves as General Manager of Guangzhou Casa Communication Technology LTD (“Casa China”), a subsidiary of the Company, is the sister of Lucy Xie, who served as the Company’s Senior Vice President of Operations until her retirement on December 31, 2022, and remains serving as a member of the Company’s board of directors. Rongke Xie is also the sister-in-law of Jerry Guo, who served as the Company's President and Chief Executive Officer until his retirement on March 17, 2023, and remains serving as a member of the Company's board of directors. Casa China paid Rongke Xie $123 and $144 in total compensation during the six months ended June 30, 2023 and 2022, respectively, for her services as an employee.

To date, the Company has granted to Rongke Xie 145 RSUs, which vest over four-year periods. The grant-date fair value of the awards totaled $600, which is recorded as stock-based compensation expense over the vesting period of the awards. During the three months ended June 30, 2023 and 2022, the Company recognized selling, general and administrative expenses of $24 and $30 related to these awards. During the six months ended June 30, 2023 and 2022, the Company recognized selling, general and administrative expenses of $52 and $61 related to these awards.

Transactions Involving Verizon Communications Inc. and its Affiliates

As a result of the Company's SPA with Verizon Ventures LLC on April 18, 2022 (see Note 11, Stockholders Equity), Verizon Communications Inc. and its subsidiaries (“Verizon and Affiliates”) collectively became a principal stockholder of the Company through its ownership of common stock. Verizon and Affiliates are customers of the Company.

During the three and six months ended June 30, 2023, the Company recognized revenue of $4,287 and $7,284, respectively, from transactions with Verizon and Affiliates, and amounts received in cash resulting from revenue transactions with Verizon and Affiliates during the six months ended June 30, 2023 totaled $26,110. During the three and six months ended June 30, 2022, the Company recognized revenue of $10,550 from transactions with Verizon and Affiliates during which a

related party relationship existed, and amounts received in cash resulting from revenue transactions with Verizon and Affiliates during the six months ended June 30, 2022 totaled $1,201. As of June 30, 2023 and December 31, 2022, amounts due from Verizon and Affiliates totaled $3,635 and $6,044, respectively, and were included in accounts receivable, net in the condensed consolidated balance sheet. As of June 30, 2023 and December 31, 2022, revenue from transactions that did not meet the criteria for recognition totaling $33,913 and $18,094, respectively, with Verizon and Affiliates were included in deferred revenue in the condensed consolidated balance sheet.