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Revenue from Contracts with Customers (Tables)
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Revenues Disaggregated by Type of Services Performed

The table below presents the Company’s revenues disaggregated by type of services performed.

 

 

Three Months Ended March 31,

 

 

 

 

2024

 

 

2023

 

 

Software revenue

 

$

29,688

 

 

$

26,968

 

 

Payment revenue

 

 

75,202

 

 

 

59,181

 

 

Services revenue

 

 

708

 

 

 

673

 

 

Total revenues

 

$

105,598

 

 

$

86,822

 

 
Information on Accounts Receivable and Contract Liabilities

The table below presents information on accounts receivable and contract liabilities.

 

 

As of March 31, 2024

 

 

As of December 31, 2023

 

Trade accounts receivable, net

 

$

17,738

 

 

$

16,261

 

Payment processing receivable, net

 

 

31,139

 

 

 

30,428

 

Accounts receivable, net

 

$

48,877

 

 

$

46,689

 

Contract liabilities

 

$

26,263

 

 

$

27,593

 
Significant Changes in Contract Liabilities Balance

Significant changes in the contract liabilities balance are as follows:

 

 

Three Months Ended March 31,

 

 

 

 

2024

 

 

2023

 

 

Revenue recognized included in beginning of period balance

 

$

(3,473

)

 

$

(3,224

)

 

Cash received, excluding amounts recognized as revenue during the period

 

 

2,143

 

 

 

2,963

 

 

 
Summary of Changes in Allowance for Credit Losses And Returns

The tables below present a summary of changes in the Company’s allowances for credit losses and returns for the three months ended March 31, 2024 and 2023:

 

 

Accounts Receivable

 

 

 

 

 

 

Allowance for Credit Losses

 

 

Allowance for Returns

 

 

Supplier Advances Receivable Allowance

 

Allowance balance, December 31, 2023

 

$

2,142

 

 

$

2,089

 

 

$

1,333

 

Amounts charged to contra revenue, cost of revenues and expenses

 

 

254

 

 

 

(200

)

 

 

86

 

Amounts written off as uncollectable

 

 

(14

)

 

 

-

 

 

 

(475

)

Recoveries of amounts previously written off

 

 

-

 

 

 

-

 

 

 

347

 

Deduction released to revenue

 

 

-

 

 

 

-

 

 

 

-

 

Allowance balance, March 31, 2024

 

$

2,382

 

 

$

1,889

 

 

$

1,291

 

 

 

 

Accounts Receivable

 

 

 

 

 

 

Allowance for Credit Losses

 

 

Allowance for Returns

 

 

Supplier Advances Receivable Allowance

 

Allowance balance, December 31, 2022

 

$

1,539

 

 

$

1,584

 

 

$

1,872

 

Amounts charged to contra revenue, cost of revenues and expenses

 

 

200

 

 

 

200

 

 

 

-

 

Amounts written off as uncollectable

 

 

(87

)

 

 

-

 

 

 

(648

)

Recoveries of amounts previously written off

 

 

-

 

 

 

-

 

 

 

351

 

Deduction released to revenue

 

 

-

 

 

 

(93

)

 

 

-

 

Allowance balance, March 31, 2023

 

$

1,652

 

 

$

1,691

 

 

$

1,575

 
Schedule of Remaining Performance Obligation Remaining performance obligation consisted of the following:

 

 

Current

 

 

Noncurrent

 

 

Total

 

As of March 31, 2024

 

$

15,032

 

 

$

19,797

 

 

$

34,829

 

As of December 31, 2023

 

 

15,031

 

 

 

20,403

 

 

 

35,434

 
Information about Deferred Contract Costs

The following tables present information about deferred contract costs:

 

 

Three Months Ended March 31,

 

 

 

 

2024

 

 

2023

 

 

Capitalized sales commissions and implementation costs

 

$

2,653

 

 

$

2,838

 

 

Amortization of deferred contract costs

 

 

 

 

 

 

 

Costs to obtain contracts included in sales and marketing expense

 

$

1,551

 

 

$

1,474

 

 

Costs to fulfill contracts included in cost of revenue

 

$

1,549

 

 

$

1,569