REVENUE

The Company has consistently applied its accounting policies with respect to revenue to all periods presented in the unaudited consolidated financial statements contained herein. The following table illustrates the Company’s revenue by product service type:



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Managed Services Revenue	$	2,991,571	$	4,004,850	$	6,858,803	$	7,801,515

Legacy Workflow Fees	44,291		55,880		91,621		116,585
Marketplace Spend Fees	314,638		6,881		689,291		9,724
License Fees	548,494		39,347		1,039,588		52,611
SaaS Services Revenue	907,423		102,108		1,820,500		178,920

Other Revenue	24,870		14,002		38,317		36,966
Total Revenue	$	3,923,864	$	4,120,960	$	8,717,620	$	8,017,401

Contract Balances

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.



	June 30, 2019		December 31, 2018
Accounts receivable, net	$	4,185,416	$	7,071,815
Contract liabilities (unearned revenue)	$	5,834,277	$	4,957,869

The Company does not typically engage in contracts that are longer than one year. Therefore, the Company did not recognize any contract assets as of June 30, 2019 or December 31, 2018. The Company does not capitalize costs to obtain its customer contracts given their general duration of less than one year and the amounts are not material.

Contract receivables are recognized when the receipt of consideration is unconditional. Contract liabilities relate to advance consideration received from customers under the terms of the Company’s contracts, which will be earned in future periods.

As a practical expedient, the Company expenses the costs of sales commissions that are paid to its sales force associated with obtaining contracts less than one year in length in the period incurred.

The Company typically enters into contracts that are one year or less in length. As such, the remaining performance obligations at June 30, 2019 and December 31, 2018 are equal to the contract liabilities disclosed above. The Company expects to recognize the full balance of the contract liabilities at June 30, 2019 within the next year.