REVENUE

6 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

REVENUE

REVENUESBased on similar operational characteristics, the Company's revenues are disaggregated as follows:

	Three months ended December 31,				Six months ended December 31,
($ in thousands)	2022		2021		2022		2021
Transaction fees	$	32,392	$	26,775	$	63,687	$	53,195
Subscription fees	16,540		14,413		32,320		28,617
Subscription and transaction fees	$	48,932	$	41,188	$	96,007	$	81,812
Equipment sales	12,398		9,903		23,105		15,059
Total revenues	$	61,330	$	51,091	$	119,112	$	96,871

Contract Liabilities

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

	Three months ended December 31,		Three months ended December 31,
($ in thousands)	2022		2021
Deferred revenue, beginning of the period	$	2,069	$	1,720
Deferred revenue, end of the period	1,970		1,745
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period	$	119	$	120

	Six months ended December 31,		Six months ended December 31,
($ in thousands)	2022		2021
Deferred revenue, beginning of the period	$	1,893	$	1,763
Deferred revenue, end of the period	1,970		1,745
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period	$	226	$	215

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 December 31, 2022, the Company had net capitalized costs to obtain contracts of $0.5 million included in Prepaid expenses and other current assets and $2.5 million included in Other noncurrent assets on the Condensed Consolidated Balance Sheet. At June 30, 2022, the Company had net capitalized costs to obtain contracts of $0.5 million included in Prepaid expenses and other current assets and $2.3 million included in Other noncurrent assets on the Condensed Consolidated Balance Sheet. None of these capitalized contract costs were impaired.

During the three and six months ended December 31, 2022, amortization of capitalized contract costs was $0.2 million and $0.4 million respectively. During the three and six months ended December 31, 2021, amortization of capitalized contract costs was $0.2 million and $0.3 million respectively.

Future Performance Obligations

The Company will recognize revenue in future periods related to remaining performance obligations for certain open contracts. Generally, these contracts have terms of one year or less. The amount of revenue related to unsatisfied performance obligations in which the original duration of the contract is greater than one year is not significant.