Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

We disaggregate revenue by service type and by platform, respectively, as follows (in thousands):


	Successor		Predecessor
Service Type	October 15, 2021 through December 31, 2021		January 1, 2021 through October 14, 2021		Year ended December 31, 2020
Transaction revenue, net(a)	$	5,724	$	10,637	$	7,386
Subscription and service revenue	5,757		17,319		21,109
Total revenue	$	11,481	$	27,956	$	28,495

(a)Amounts are net of rebates and liquidity payments, reductions related to the Contribution Agreement and consideration payable pursuant to the Strategic Alliance Agreement of less than $0.1 million for the period from October 15, 2021 through December 31, 2021 and approximately $2.1 million and $4.5 million for the period from January 1, 2021 through October 14, 2021 and the year ended December 31, 2020, respectively. Included in these amounts are amounts earned from related parties of less than $0.1 million for the period from October 15, 2021 through December 31, 2021 and approximately $0.3 million and $4.1 million for the period from January 1, 2021 through October 14, 2021 and the year ended December 31, 2020, respectively (Note 8).


	Successor		Predecessor
Platform	October 15, 2021 through December 31, 2021		January 1, 2021 through October 14, 2021		Year ended December 31, 2020
Digital asset marketplace(b)	$	165	$	518	$	(1,073)
Loyalty redemption platform	11,315		29,179		30,774
Alternative payment platform(c)	1		(1,741)		(576)
Total revenue	$	11,481	$	27,956	$	28,495

(b)Amounts are net of rebates and liquidity payments and reductions related to the Contribution Agreement of less than $0.1 million for the period from October 15, 2021 through December 31, 2021 and approximately $0.3 million and $4.1 million for the period from January 1, 2021 through October 14, 2021 and the year ended December 31, 2020, respectively.

(c)Amounts are net of consideration payable pursuant to the Strategic Alliance Agreement of $0, $1.7 million and $0.4 million for the periods from October 15, 2021 through December 31, 2021 and January 1, 2021 through October 14, 2021 and the year ended December 31, 2020, respectively.

Contract Liabilities

The activity in deferred revenue for the periods from October 15, 2021 through December 31, 2021 and January 1, 2021 through October 14, 2021, and the year ended December 31, 2020 was as follows (in thousands):


	Successor		Predecessor
	October 15, 2021 through December 31, 2021		January 1, 2021 through October 14, 2021		Year ended December 31, 2020
Beginning of the period contract liability	$	9,423	$	8,385	$	—
Fair value of contract liability acquired (Note 4)	—		—		12,703
Revenue recognized from contract liabilities included in the beginning balance	(1,350)		(3,524)		(11,005)
Increases due to cash received, net of amounts recognized in revenue during the period	1,375		4,562		6,687
End of the period contract liability	$	9,448	$	9,423	$	8,385