Quarterly report pursuant to Section 13 or 15(d)

Revenue

v3.20.2
Revenue
 6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue
We derived 99% and 94% of our net revenues from within the United States for the three and six months ended June 30, 2020, respectively. We derived 99% of our net revenues from within the United States for each of the three and six months ended June 30, 2019, respectively. During the three and six months ended June 30, 2020, the Company derived 1% and 6% of its net revenues from outside the United States. During the three and six months ended June 30, 2019, the Company derived 1% of its net revenues from outside the United States.
The following table sets forth the Company's net revenues:
Three Months Ended June 30, Six Months Ended June 30,
2020 2019 2020 2019
Net Revenues
Platform subscriptions and services $ 2,023    $ 5,092    $ 4,414    $ 9,913   
Application transaction $ 190    418    439    912   
Net revenues $ 2,213    $ 5,510    $ 4,853    $ 10,825   

Deferred Revenue
The Company’s deferred revenue balance consisted of the following:
June 30,
2020		 December 31,
2019
Current deferred revenue
Platform subscriptions and services revenue $ 2,880    $ 3,278   
Application transaction revenue 100    82   
Total current deferred revenue $ 2,980    $ 3,360   
Non-current deferred revenue
Platform subscriptions and services revenue $ 2,876    $ 3,764   
Total non-current deferred revenue $ 2,876    $ 3,764   
Total deferred revenue $ 5,856    $ 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 six months ended June 30, 2020, the Company recognized revenue of $2,554 that was included in its deferred revenue balance as of December 31, 2019.
Remaining Performance Obligations
Remaining performance obligations were $9,856 as of June 30, 2020, of which the Company expects to recognize 47% as revenue over the next 12 months and the remainder thereafter.