Deferred Revenue

3 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Deferred Revenue

6. Deferred Revenue

We enter into certain contracts typically having initial one-year terms which define the scope of services to be provided. These contracts can include agreed-upon setup fees during the initial one-year term, which setup fees are recorded as deferred revenue and amortized ratably over the initial one-year term. During the three months ended June 30, 2022 and 2021, we recorded revenues of $8,132 and $2,500, respectively. Deferred revenue was $11,292 and $15,073 as of June 30, 2022 and March 31, 2022, respectively.