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Deferred Revenues
9 Months Ended
Sep. 30, 2024
Deferred Revenue [Abstract]  
Deferred Revenues Deferred Revenues
Deferred revenues relate to performance obligations for which payments are received from customers prior to the satisfaction of the Company’s obligations to its customers. Deferred revenues primarily consist of amounts allocated to the mobile application, unspecified upgrade rights, added features, bug fixes, and content, and are recognized over the service period of the performance obligations, which range from 10 to 27 months.

Changes in the total deferred revenues balance were as follows (in thousands):

Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Beginning balance$1,390 $1,223 $1,302 $1,386 
Deferral of revenues846 326 2,082 1,146 
Recognition of deferred revenues(692)(533)(1,840)(1,516)
Ending balance$1,544 $1,016 $1,544 $1,016 

The Company recognized $533 and $493 of revenue during the three months ended September 30, 2024 and 2023, respectively, that was included in the deferred revenue balance at the beginning of the respective period.

The Company recognized $1,540 and $1,061 of revenue during the nine months ended September 30, 2024 and 2023, respectively, that was included in the deferred revenue balance at the beginning of the respective period. Revenue for the nine months ended September 30, 2024 includes $330 relating to the correction of immaterial misstatements from previous periods.