Revenue Recognition

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

The following table summarizes the Company’s net revenue by type of service for the periods presented:

	Year Ended December 31,
(in thousands)	2021		2020		2019
Seller marketplace services	$	98,984	$	78,811	$	67,565
Other services	3,747		3,052		3,002
Total net revenue	$	102,731	$	81,863	$	70,567

The Company generates revenue from seller marketplace services and other services. Seller marketplace services primarily consist of subscription, listing, and marketplace transaction fees. Other services primarily consist of advertising revenues generated from displaying ads on the Company’s online marketplace and offering subscriptions to access software typically used by interior designers. 

Contract Balances from Contracts with Customers

The following table provides a rollforward of the deferred revenue amounts as follows (in thousands):

Balance as of January 1, 2020	$	575
Billings	967
Revenue recognized	(926)
Balance as of December 31, 2020	$	616
Billings	2,668
Revenue recognized	(2,340)
Balance as of December 31, 2021	$	944

The amount of revenue recognized during the year ended December 31, 2021 that was included in the deferred revenue balance at January 1, 2021 was $0.5 million.

The Company does not disclose the value of remaining performance obligations for (i) contracts with an original contract term of one year or less, and (ii) variable consideration allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied distinct service that forms part of a single performance obligation. The Company does not have any remaining performance obligations associated with contracts with terms greater than one year.