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

Factoring Agreement	12 Months Ended
Factoring Agreement	Dec. 31, 2021
Factoring Agreement [Abstract]
Factoring Agreement	Factoring Agreement On June 15, 2016, we entered into a factoring agreement with CSNK Working Capital Finance Corp. (d/b/a Bay View Funding) (“Bay View”) whereby we sold select accounts receivable with recourse. Under the terms of the agreement, Bay View would 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 were 1.80% for the first 30 days and 0.65% for every ten days thereafter, to a maximum of 90 days total outstanding. We bore the risk of credit loss on the receivables. These receivables were accounted for as a secured borrowing arrangement and not as a sale of financial assets. We terminated our factoring agreement with Bay View effective March 22, 2021. Interest expense related to our Bay View factoring agreement was $75 and $175 for the years ended December 31, 2021 and 2020, respectively.