Quarterly report pursuant to Section 13 or 15(d)

Revenue

v3.20.2
Revenue
 9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue
The Company derived 99% and 96% of its net revenues from within the United States for the three and nine months ended September 30, 2020, respectively. The Company derived over 98% of its net revenues from within the United States for each of the three and nine months ended September 30, 2019. During the three and nine months ended September 30, 2020, the Company derived 1% and 4%, respectively, of its net revenues from outside the United States. During the three and nine months ended September 30, 2019, the Company derived less than 2% of its net revenues from outside the United States.

The following table sets forth the Company's net revenues:
Three Months Ended September 30, Nine Months Ended September 30,
2020 2019 2020 2019
Net Revenues
Platform subscriptions and services $ 2,860  $ 5,152  $ 7,274  $ 15,065 
Application transaction 270  485  709  1,397 
Net revenues $ 3,130  $ 5,637  $ 7,983  $ 16,462 

Deferred Revenue
The Company’s deferred revenue balance consisted of the following:
September 30,
2020		 December 31,
2019
Current deferred revenue
Platform subscriptions and services revenue $ 3,135  $ 3,278 
Application transaction revenue 80  82 
Total current deferred revenue $ 3,215  $ 3,360 
Non-current deferred revenue
Platform subscriptions and services revenue $ 2,003  $ 3,764 
Total non-current deferred revenue $ 2,003  $ 3,764 
Total deferred revenue $ 5,218  $ 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 nine months ended September 30, 2020, the Company recognized revenue of $3,971 that was included in its deferred revenue balance as of December 31, 2019.
Remaining Performance Obligations
Remaining performance obligations were $8,797 as of September 30, 2020, of which the Company expects to recognize 55% as revenue over the next 12 months and the remainder thereafter.