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REVENUE
 9 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Disaggregated Revenue

Beginning in the first quarter of fiscal year 2022, the Company disaggregated Subscription and transaction fees presented on the Condensed Consolidated Statement of Operations to Transaction fees and Subscription fees categories (described below) as this additional disclosure provides greater visibility into the Company's revenue streams and better aligns the Company’s financial performance including how management views and monitors business operations and makes strategic decisions.
•Transaction fees: The Company charges its customers a transaction fee generally calculated as a percentage rate on volumes processed through our payment devices.
•Subscription fees: Subscription fees are primarily comprised of the monthly service fee charged to our customers for our cashless payment services, service fees originated through our rental program and Seed software services that include inventory management, route logistics optimization, warehouse and accounting management, and responsive merchandising.

Based on similar operational characteristics, the Company's revenue is disaggregated as follows:

Three months ended March 31,Nine months ended March 31,
($ in thousands)2022202120222021
Transaction fees$27,509 $21,002 $80,704 $61,133 
Subscription fees14,634 13,684 43,252 39,875 
Subscription and transaction fees42,143 34,686 123,956 101,008 
Equipment sales8,157 8,074 23,215 16,913 
Total revenues$50,300 $42,760 $147,171 $117,921 


Disaggregation of revenues for the previously reported quarters for fiscal year-ended June 30, 2021 utilizing the above described methodology is presented as follows:
Three months ended
Year ended


June 30, 2021
($ in thousands)September 30, 2020December 31, 2020March 31, 2021June 30, 2021
Transaction fees$19,677 $20,454 $21,002 $24,365 $85,498 
Subscription fees13,431 12,760 13,684 13,869 53,744 
Subscription and transaction fees33,108 33,214 34,686 38,234 139,242 
Equipment sales3,769 5,071 8,074 10,783 27,697 
Total revenues$36,877 $38,285 $42,760 $49,017 $166,939 


Transaction Price Allocated to Future Performance Obligations

In determining the transaction price allocated to future performance obligations, we do not include non-recurring charges. Further, we apply the practical expedient to not consider arrangements with an original expected duration of one year or less, which are primarily month-to-month rental agreements. The majority of our contracts have a contractual term of between 36 and 60 months based on implied and explicit termination penalties. These amounts will be converted into revenue in future periods as work is performed, primarily based on the services provided or at delivery and acceptance of products, depending on the applicable accounting method for the services or products being delivered.

The following table reflects the estimated fees to be recognized in the future related to performance obligations that are unsatisfied at the end of the period:
($ in thousands)As of March 31, 2022
2022$3,677 
202313,562 
20249,434 
20255,737 
20263,837 
Thereafter1,223 
Total$37,470 

Contract Liabilities

The Company’s contract liability (i.e., deferred revenue) balances are as follows:

Three months ended March 31,Three months ended March 31,
($ in thousands)20222021
Deferred revenue, beginning of the period$1,745 $1,648 
Deferred revenue, end of the period1,970 1,670 
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period87 97 
Nine months ended March 31,Nine months ended March 31,
($ in thousands)20222021
Deferred revenue, beginning of the period$1,763 $1,698 
Deferred revenue, end of the period1,970 1,670 
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period301 274 

The change in the contract liability balances period-over-period is primarily the result of timing difference between the Company’s satisfaction of a performance obligation and payment from the customer.

Contract Costs

At March 31, 2022, the Company had net capitalized costs to obtain contracts of $0.4 million included in Prepaid expenses and other current assets and $2.1 million included in Other noncurrent assets on the Condensed Consolidated Balance Sheet. At June 30, 2021, the Company had net capitalized costs to obtain contracts of $0.4 million included in Prepaid expenses and other current assets and $2.0 million included in Other noncurrent assets on the Condensed Consolidated Balance Sheet. None of these capitalized contract costs were impaired.

During the three and nine months ended March 31, 2022, amortization of capitalized contract costs was $0.2 million and $0.5 million. During the three and nine months ended March 31, 2021, amortization of capitalized contract costs was $0.2 million and $0.4 million.