Globalstar GSAT Advance payment, current

Contract liabilities also include deferred revenue associated with the Terms Agreement. The Company recorded deferred revenue for advance payments received from the customer for services expected to be performed in the future, totaling $75.0 million as of June 30, 2022. The Company also records deferred revenue for the reimbursement (and anticipated reimbursement) of costs incurred in connection with ongoing network upgrades, construction costs under the satellite procurement agreement and other performance obligations under the Terms Agreement, totaling $124.8 million as of June 30, 2022. In accordance with applicable accounting guidance, the Company records imputed interest associated with the significant financing component, totaling $3.9 million as of June 30, 2022, which is related to and included in the balances associated with certain of the items recorded to deferred revenue discussed above. Deferred revenue is classified as either short-term or long-term consistent with the expected timing of the Company's obligation to provide services to the customer or the recoupment period defined in the Terms Agreement. As of June 30, 2022, the Company has recorded $15.9 million and $180.7 million as short-term and long-term deferred revenue, respectively. The total amount of deferred revenue associated with this customer is also reflected net of a contract asset of $3.1 million in the Company's condensed consolidated balance sheet as of June 30, 2022.