Quarterly report pursuant to Section 13 or 15(d)


6 Months Ended
Jun. 30, 2022
Receivables [Abstract]  
Receivables consist of the following:
June 30,
December 31,
Trade receivables $ 18,106  $ 20,540 
Other receivables 377  153 
Total receivables $ 18,483  $ 20,693 
Trade receivables generally represent amounts due to the Company from social and mobile platform operators, including Apple, Google, Amazon and Facebook. Trade receivables are recorded when the right to consideration becomes unconditional. No allowance for doubtful accounts was considered necessary as of June 30, 2022 and December 31, 2021.
Concentration of Credit Risk
As of June 30, 2022, Apple, Inc. and Google, Inc. accounted for 43.7% and 31.3% of the Company’s total receivables, respectively, while as of December 31, 2021, Apple, Inc. and Google, Inc. accounted for 43.0% and 34.6% of the Company’s total receivables, respectively. As of June 30, 2022 and December 31, 2021, the Company did not have any additional counterparties that exceeded 10% of the Company’s accounts receivable.
During the year ended December 31, 2021, the Company entered into agreements pursuant to which the Company acquired the rights to develop and operate Tetris®-branded mobile games. As contemplated in the agreements, the Company agreed to an $8.0 million Advance Payment (as defined in Note 15—Commitments and Contingencies). If the Company and the counterparty fail to perform according to the terms of the agreements, the maximum amount of loss which the Company may incur is approximately $8.2 million, of which $8.0 million related to the Advance Payment is reported within the Other long-term assets line item on the Consolidated Balance Sheets.