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

Factoring Agreement	12 Months Ended
Factoring Agreement	Dec. 31, 2020
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 advance us 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. We bear 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 The amount of the factored receivables outstanding was $0 and $1,077 as of December 31, 2020 and 2019, respectively. Future advances available under the factoring line amounted to $3,000 and $1,923 as of December 31, 2020 and 2019, respectively. We terminated our factoring agreement with Bay View effective March 22, 2021.