Quarterly report pursuant to Section 13 or 15(d)

Revenue

v3.20.1
Revenue
 3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue
We derived 90% and 99% of our net revenues from within the United States for the three months ended March 31, 2020 and March 31, 2019, respectively. During the three months ended March 31, 2020, the Company derived 10% of its net revenues from outside the United States.
The following table sets forth the Company's net revenues:
Three Months Ended March 31,
2020 2019
Net Revenues
Platform subscriptions and services $ 2,391    $ 4,821   
Application transaction 249    494   
Net revenues $ 2,640    $ 5,315   
Deferred Revenue
The Company’s deferred revenue balance consisted of the following:
March 31,
2020		 December 31,
2019
Current deferred revenue
Platform subscriptions and services revenue $ 3,052    $ 3,278   
Application transaction revenue 80    82   
Total current deferred revenue $ 3,132    $ 3,360   
Non-current deferred revenue
Platform subscriptions and services revenue $ 3,200    $ 3,764   
Total non-current deferred revenue $ 3,200    $ 3,764   
Total deferred revenue $ 6,332    $ 7,124   

Deferred revenue consists of customer billings or payments received in advance of the recognition of revenue under the arrangements with customers. The Company recognizes deferred revenue as revenue only when revenue recognition criteria are met. During the three months ended March 31, 2020, the Company recognized revenue of $1,484 that was included in its deferred revenue balance as of December 31, 2019.
Remaining Performance Obligations
Remaining performance obligations were $11,219 as of March 31, 2020, of which the Company expects to recognize 45% as revenue over the next 12 months and the remainder thereafter.