Revenue

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Disaggregation of Revenue

The following table sets forth our net revenues by category:

	Year Ended December 31,
	2021		2020
Net revenues
Platform subscriptions and services	$	5,308	$	9,108
Computer hardware	3,095		—
Application transaction	2,240		893
Net revenues	$	10,643	$	10,001

For the year ended December 31, 2021, we sold $1,063 of PhunToken for which we received both cash and digital assets from customers. Revenue from sales of PhunToken is recorded within application transaction revenue in the table above.

We generate revenue in domestic and foreign regions and attribute net revenue to individual countries based on the location of the contracting entity. We derived 93% and 97% of our net revenues from within the United States for the years ended December 31, 2021 and 2020, respectively. Revenue by geographic location is as follows:

	Year Ended December 31,
	2021		2020
Net revenues
United States	$	9,939	$	9,686
International	704		315
Net revenues	$	10,643	$	10,001

The following table sets forth our concentration of revenue sources as a percentage of total net revenues.

	Year Ended December 31,
	2021		2020
Customer D	—	%	32	%
Customer E	7	%	12	%

Deferred Revenue

Our deferred revenue balance consisted of the following:

	December 31,
	2021		2020
Current deferred revenue
Computer hardware	$	2,149	$	—
Platform subscriptions and services revenue	1,744		2,317
Application transaction revenue	80		80
Total current deferred revenue	$	3,973	$	2,397
Non-current deferred revenue
Platform subscriptions and services revenue	$	1,299	$	2,678
Total non-current deferred revenue	$	1,299	$	2,678
Total deferred revenue	$	5,272	$	5,075

Deferred revenue consists of customer billings or payments received in advance of the recognition of revenue under arrangements with customers. We recognize deferred revenue as revenue only when revenue recognition criteria are met. During the year ended December 31, 2021, we recognized revenue of $3,379 that was included in our deferred revenue balance as of December 31, 2020.

Remaining Performance Obligations

Remaining performance obligations were $8,588 as of December 31, 2021, of which we expect to recognize 54% as revenue over the next 12 months and the remainder thereafter.