XML 17 R10.htm IDEA: XBRL DOCUMENT
v3.21.4

Balance Sheet Components | 9 Months Ended
--- | ---
Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Balance Sheet Components | 3. Balance Sheet Components The components of certain balance sheet amounts are as follows: Accounts Receivable – Accounts receivable are presented net of allowance for doubtful accounts. The allowance for doubtful accounts as of September 30, 2021 and December 31, 2020 was $675,806 and $892,352, respectively. Subscription Acquisition Costs – Subscription acquisition costs include the incremental costs of obtaining a contract with a customer, paid to external parties, if it expects to recover those costs. The current portion of the subscription acquisition costs as of September 30, 2021 and December 31, 2020 was $31,257,268 and $28,146,895, respectively, on the condensed consolidated balance sheets. The noncurrent portion of the subscription acquisition costs as of September 30, 2021 and December 31, 2020 was $18,682,545 and $13,358,585, respectively, on the condensed consolidated balance sheets. Certain contract amendments resulted in a modification to the subscription acquisition costs that will be recognized on a prospective basis in the same proportion as the revenue that has not yet been recognized (further details are provided under the heading Contract Balances in Note 12). Property and Equipment – Property and equipment are summarized as follows: Schedule of Property and Equipment
|  | As of |
|  | September 30, 2021 |  |  | December 31, 2020 |
Office equipment and computers |  | $ | 1,267,898 |  |  | $ | 1,341,292 |
Furniture and fixtures |  |  | 1,005 |  |  |  | 19,997 |
Leasehold improvements |  |  | - |  |  |  | 345,516 |
|  |  | 1,268,903 |  |  |  | 1,706,805 |
Less accumulated depreciation and amortization |  |  | (600,240 | ) |  |  | (577,367 | )
Net property and equipment |  | $ | 668,663 |  |  | $ | 1,129,438 |
Depreciation and amortization expense for the three months ended September 30, 2021 and 2020 was $114,165 and $102,067, respectively. Depreciation and amortization expense for the nine months ended September 30, 2021 and 2020 was $333,891 and $536,729, respectively. Depreciation and amortization expense is included in selling and marketing expenses and general and administrative expenses, as appropriate, on the condensed consolidated statements of operations. Platform Development – Platform development costs are summarized as follows: Summary of Platform Development Costs
|  | September 30, 2021 |  |  | December 31, 2020 |
|  | As of |
|  | September 30, 2021 |  |  | December 31, 2020 |
Platform development |  | $ | 19,497,520 |  |  | $ | 16,027,428 |
Less accumulated amortization |  |  | (11,485,813 | ) |  |  | (8,671,820 | )
Net platform development |  | $ | 8,011,707 |  |  | $ | 7,355,608 |
A summary of platform development activity for the nine months ended September 30, 2021 and year ended December 31, 2020 is as follows: Summary of Platform Development Cost Activity
|  | September 30, 2021 |  |  | December 31, 2020 |
|  | As of |
|  | September 30, 2021 |  |  | December 31, 2020 |
Platform development beginning of period |  | $ | 16,027,428 |  |  | $ | 10,678,692 |
Payroll-based costs capitalized during the period |  |  | 3,016,924 |  |  |  | 3,750,541 |
Total capitalized costs |  |  | 19,044,352 |  |  |  | 14,429,233 |
Stock-based compensation |  |  | 1,347,624 |  |  |  | 1,608,995 |
Dispositions |  |  | (894,456 | ) |  |  | (10,800 | )
Platform development end of period |  | $ | 19,497,520 |  |  | $ | 16,027,428 |
Amortization expense for the three months ended September 30, 2021 and 2020, was $1,143,673 and $909,631, respectively. Amortization expense for the nine months ended September 30, 2021 and 2020, was $3,272,890 and $2,868,289, respectively. Intangible Assets – Intangible assets subject to amortization consisted of the following: Schedule of Intangible Assets Subjects to Amortization
|  | As of September 30, 2021 |  |  | As of December 31, 2020 |
|  | Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Developed technology |  | $ | 19,070,857 |  |  | $ | (11,576,450 | ) |  | $ | 7,494,407 |  |  | $ | 19,070,857 |  |  | $ | (8,283,740 | ) |  | $ | 10,787,117 |
Noncompete agreement |  |  | 480,000 |  |  |  | (480,000 | ) |  |  | - |  |  |  | 480,000 |  |  |  | (480,000 | ) |  |  | - |
Trade name |  |  | 3,328,000 |  |  |  | (712,292 | ) |  |  | 2,615,708 |  |  |  | 3,328,000 |  |  |  | (503,342 | ) |  |  | 2,824,658 |
Subscriber relationships |  |  | 73,458,799 |  |  |  | (28,992,944 | ) |  |  | 44,465,855 |  |  |  | 73,458,799 |  |  |  | (18,105,041 | ) |  |  | 55,353,758 |
Advertiser relationships |  |  | 2,240,000 |  |  |  | (510,922 | ) |  |  | 1,729,078 |  |  |  | 2,240,000 |  |  |  | (332,515 | ) |  |  | 1,907,485 |
Database |  |  | 2,396,887 |  |  |  | (904,030 | ) |  |  | 1,492,857 |  |  |  | 1,140,000 |  |  |  | (531,183 | ) |  |  | 608,817 |
Subtotal amortizable intangible assets |  |  | 100,974,543 |  |  |  | (43,176,638 | ) |  |  | 57,797,905 |  |  |  | 99,717,656 |  |  |  | (28,235,821 | ) |  |  | 71,481,835 |
Website domain name |  |  | 20,000 |  |  |  | - |  |  |  | 20,000 |  |  |  | 20,000 |  |  |  | - |  |  |  | 20,000 |
Total intangible assets |  | $ | 100,994,543 |  |  | $ | (43,176,638 | ) |  | $ | 57,817,905 |  |  | $ | 99,737,656 |  |  | $ | (28,235,821 | ) |  | $ | 71,501,835 |
Amortization expense for the three months ended September 30, 2021 and 2020 was $5,038,837 and $5,093,076, respectively. Amortization expense for the nine months ended September 30, 2021 and 2020 was $14,940,817 and $15,220,591, respectively. No impairment charges have been recorded during the nine months September 30, 2021 and 2020. Other Long-term Liabilities – Other long-term liabilities consisted of the following: Schedule of Other Long-term Liabilities
|  | September 30, 2021 |  |  | December 31, 2020 |
|  | As of |
|  | September 30, 2021 |  |  | December 31, 2020 |
Lease termination payments |  | $ | 7,269,469 |  |  | $ | 541,381 |
Deferred cash payments |  |  | 666,677 |  |  |  | - |
Other |  |  | 136,296 |  |  |  | 211,984 |
Other long-term liabilities |  | $ | 8,072,442 |  |  | $ | 753,365 |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration