XML 30 R18.htm IDEA: XBRL DOCUMENT v3.21.2
Other Current Assets
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Cypress Holdings Inc And Subsidiaries [Member]    
Prepaid Expense And Other Assets Current [Line Items]    
Other Current Assets
 
7.
OTHER CURRENT ASSETS
Other current assets as of June 30, 2021 and December 31, 2020, consist of the following (in thousands):
 
    
June 30,

2021
    
December 31,

2020
 
Prepaid software and equipment maintenance
   $ 5,824      $ 7,499  
Prepaid SaaS costs
     4,740        4,290  
Prepaid service fees
     3,105        3,969  
Non-trade
receivables
     8,137        9,095  
Deferred business combination costs
     2,950        —    
Other
     8,768        6,733  
  
 
 
    
 
 
 
Total
   $ 33,524      $ 31,586  
  
 
 
    
 
 
 
 
On December 31, 2020, the Company executed an Asset Purchase Agreement with a third-party buyer to transfer its obligation of providing certain services included within existing customer contracts to the third-party buyer. The Company recognized a gain on divestiture of $3.8 million, included within
non-trade
receivables (see Note 25). The Company received payments of $1.8 million, $0.4 million and $0.7 million from the third-party buyer in January 2021, April 2021 and August 2021, respectively.
7.
OTHER CURRENT ASSETS
Other current assets as of December 31, 2020 and 2019, consist of the following (in thousands):
 
    
2020
    
2019
 
Prepaid software and equipment maintenance
   $ 7,499      $ 7,491  
Prepaid SaaS costs
     4,290        3,913  
Prepaid service fees
     3,969        4,256  
Non-trade
receivables
     9,095        1,144  
Other
     6,733        4,511  
  
 
 
    
 
 
 
Total
   $ 31,586      $ 21,315  
  
 
 
    
 
 
 
On December 31, 2020, the Company executed an Asset Purchase Agreement with a third-party buyer to transfer its obligation of providing certain services included within existing customer contracts to the third-party buyer. The Company recognized a gain on divestiture of $3.8 million, included within
non-trade
receivables (see Note 23).