v3.25.0.1
REVENUE
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Disaggregated Revenue
The following table shows revenue by product and services groups (in thousands):
Year Ended December 31,
20242023
Licensing, support and maintenance
$52,815 $48,273 
Variable royalties
4,405 5,158 
Other
504 235 
Total
$57,724 $53,666 
Contract Balances
The following table provides information about accounts receivable, net, contract assets and deferred revenue (in thousands):
As of December 31,
20242023
Accounts receivable, net
$20,608 $12,003 
Contract assets, current portion
$167 $312 
Contract assets, noncurrent portion
$— $566 
Deferred revenue$75,622 $56,709 
During the years ended December 31, 2024, and 2023, the Company recognized revenue of $35.6 million and $29.9 million, respectively, that was included in the deferred revenue balance at the beginning of the fiscal year. Contract assets, current are included in prepaid expenses and other current assets and contract assets, noncurrent are included in other assets, respectively, on the consolidated balance sheets.
As of December 31, 2024, non-cancelable contracted but unsatisfied or partially satisfied performance obligations that have not yet been recognized is $86.1 million which includes deferred revenue, amounts that will be invoiced and recognized as revenues in future periods and Flexible Spending Accounts (FSA) commitments, from customers where actual product selection and quantities of specific products are to be determined by customers at a future period. The Company expects to recognize $45.9 million of this balance over the next 12 months and the remainder thereafter. FSA commitments amounted to $2.3 million and $6.2 million as of December 31, 2024, and 2023, respectively. The Company has elected to exclude the potential future royalty receipts from these amounts.
Costs of Obtaining a Contract with a Customer
Incremental costs of obtaining a contract with a customer consist primarily of direct sales commissions incurred upon execution of the contract. These costs are required to be capitalized under ASC 340-40, Other Assets and Deferred Costs—Contracts With Customers, and amortized over the license term. As direct sales commissions paid for term extensions are commensurate with the amounts paid for initial contracts, the deferred incremental costs for initial contracts and for term extensions are recognized over the respective contract terms. Total capitalized direct commission costs were as follows (in thousands):
As of December 31,
20242023
Short-term commission capitalized in prepaid expenses and other current assets$2,311 $2,408 
Long-term commission capitalized in other assets1,789 1,353 
Total
$4,100 $3,761 
Amortization of capitalized sales commissions was $3.5 million and $3.7 million for the years ended December 31, 2024, and 2023, respectively, and are included in sales and marketing expense in the consolidated statements of operations.