Phunware, Inc. Annual report pursuant to Section 13 and 15(d)

Factoring Agreement	12 Months Ended
Factoring Agreement	Dec. 31, 2019
Factoring Agreement [Abstract]
Factoring Agreement	Factoring Agreement On June 15, 2016, the Company entered into a factoring agreement with CSNK Working Capital Finance Corp. (d/b/a Bay View Funding) (“Bay View”) whereby it sells select accounts receivable with recourse. Under the terms of the agreement, Bay View may make advances to the Company of amounts representing up to 80% of the net amount of eligible accounts receivable. The factor facility was collateralized by a general security agreement over all the Company’s personal property and interests. Fees paid to Bay View for factored receivables are 1.80% for the first 30 days and is 0.65% for every ten days thereafter, to a maximum of 90 days total outstanding. The Company bears the risk of credit loss on the receivables. These receivables are accounted for as a secured borrowing arrangement and not as a sale of financial assets Factor expense of $555 and $718 for the years ended December 31, 2019 and 2018, respectively, was recorded as interest expense in other income (expense) on the consolidated statements operations and comprehensive loss. The amount of the factored receivables outstanding was $1,077 and $2,434 as of December 31, 2019 and 2018, respectively. There was $1,923 and $566 available for future advances as of December 31, 2019 and 2018 respectively.