REVENUES

9 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

REVENUES

REVENUES

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

	Three months ended March 31,				Nine months ended March 31,
($ in thousands)	2023		2022		2023		2022
Transaction fees	$	33,389	$	27,509	$	97,076	$	80,704
Subscription fees	17,856		14,634		50,176		43,252
Subscription and transaction fees	$	51,245	$	42,143	$	147,252	$	123,956
Equipment sales	9,111		8,157		32,216		23,215
Total revenues	$	60,356	$	50,300	$	179,468	$	147,171

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)	2023		2022
Deferred revenue, beginning of the period	$	1,970	$	1,745
Deferred revenue, end of the period	1,894		1,970
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period	$	94	$	87

	Nine months ended March 31,		Nine months ended March 31,
($ in thousands)	2023		2022
Deferred revenue, beginning of the period	$	1,893	$	1,763
Deferred revenue, end of the period	1,894		1,970
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period	$	319	$	301

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, 2023, 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 nine months ended March 31, 2023, amortization of capitalized contract costs was $0.2 million and $0.6 million respectively. During the three and nine months ended March 31, 2022, amortization of capitalized contract costs was $0.2 million and $0.5 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.