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Compensation Plans | 9 Months Ended
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Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Compensation Plans | 15. Compensation Plans The Company provides stock-based and equity-based compensation in the form of (a) restricted stock awards and restricted stock units to certain employees (the “Restricted Stock”), (b) stock option awards, unrestricted stock awards and stock appreciation rights to employees, directors and consultants under various plans (the “Common Stock Options”), and (c) common stock warrants, referred to as the ABG Warrants and Publisher Partner Warrants (collectively the “Warrants”) as referenced in the below table. Stock-based compensation and equity-based expense charged to operations or capitalized are summarized as follows: Summary of Stock-based Compensation
|  | Restricted Stock |  |  | Common Stock Options |  |  | Warrants |  |  | Totals |
|  | Three Months Ended September 30, 2024 |
|  | Restricted Stock |  |  | Common Stock Options |  |  | Warrants |  |  | Totals |
Cost of revenue |  | $ | - |  |  | $ | 127 |  |  | $ | 4 |  |  | $ | 131 |
Selling and marketing |  |  | 3 |  |  |  | 31 |  |  |  | - |  |  |  | 34 |
General and administrative |  |  | 485 |  |  |  | 82 |  |  |  | - |  |  |  | 567 |
Total costs charged to operations |  |  | 488 |  |  |  | 240 |  |  |  | 4 |  |  |  | 732 |
Capitalized platform development |  |  | - |  |  |  | 17 |  |  |  | - |  |  |  | 17 |
Total stock-based compensation |  | $ | 488 |  |  | $ | 257 |  |  | $ | 4 |  |  | $ | 749 |
|  | Restricted Stock |  |  | Common Stock Options |  |  | Warrants |  |  | Totals |
|  | Three Months Ended September 30, 2023 |
|  | Restricted Stock |  |  | Common Stock Options |  |  | Warrants |  |  | Totals |
Cost of revenue |  | $ | 197 |  |  | $ | 526 |  |  | $ | 1 |  |  | $ | 724 |
Selling and marketing |  |  | 65 |  |  |  | 224 |  |  |  | - |  |  |  | 289 |
General and administrative |  |  | 1,611 |  |  |  | 881 |  |  |  | 257 |  |  |  | 2,749 |
Total costs charged to operations |  |  | 1,873 |  |  |  | 1,631 |  |  |  | 258 |  |  |  | 3,762 |
Capitalized platform development |  |  | - |  |  |  | 237 |  |  |  | - |  |  |  | 237 |
Total stock-based compensation |  | $ | 1,873 |  |  | $ | 1,868 |  |  | $ | 258 |  |  | $ | 3,999 |
|  | Restricted Stock |  |  | Common Stock Options |  |  | Warrants |  |  | Totals |
|  | Nine Months Ended September 30, 2024 |
|  | Restricted Stock |  |  | Common Stock Options |  |  | Warrants |  |  | Totals |
Cost of revenue |  | $ | 119 |  |  | $ | 658 |  |  | $ | 10 |  |  | $ | 787 |
Selling and marketing |  |  | 14 |  |  |  | 167 |  |  |  | - |  |  |  | 181 |
General and administrative |  |  | 789 |  |  |  | 387 |  |  |  | - |  |  |  | 1,176 |
Total costs charged to operations |  |  | 922 |  |  |  | 1,212 |  |  |  | 10 |  |  |  | 2,144 |
Capitalized platform development |  |  | - |  |  |  | 245 |  |  |  | - |  |  |  | 245 |
Total stock-based compensation |  | $ | 922 |  |  | $ | 1,457 |  |  | $ | 10 |  |  | $ | 2,389 |
|  | Restricted Stock |  |  | Common Stock Options |  |  | Warrants |  |  | Totals |
|  | Nine Months Ended September 30, 2023 |
|  | Restricted Stock |  |  | Common Stock Options |  |  | Warrants |  |  | Totals |
Cost of revenue |  | $ | 1,655 |  |  | $ | 1,853 |  |  | $ | 7 |  |  | $ | 3,515 |
Selling and marketing |  |  | 193 |  |  |  | 760 |  |  |  | - |  |  |  | 953 |
General and administrative |  |  | 6,298 |  |  |  | 3,598 |  |  |  | 753 |  |  |  | 10,649 |
Total costs charged to operations |  |  | 8,146 |  |  |  | 6,211 |  |  |  | 760 |  |  |  | 15,117 |
Capitalized platform development |  |  | - |  |  |  | 785 |  |  |  | - |  |  |  | 785 |
Total stock-based compensation |  | $ | 8,146 |  |  | $ | 6,996 |  |  | $ | 760 |  |  | $ | 15,902 |
Unrecognized compensation expense and expected weighted-average period to be recognized related to the stock-based compensation awards and equity-based awards as of September 30, 2024 were as follows: Schedule of Unrecognized Compensation Expense
|  | As of September 30, 2024 |
|  | Restricted Stock |  |  | Common Stock Options |  |  | Warrants |  |  | Totals |
Unrecognized compensation expense |  | $ | 451 |  |  | $ | 1,015 |  |  | $ | 19 |  |  | $ | 1,485 |
Weighted average period expected to be recognized (in years) |  |  | 0.93 |  |  |  | 1.02 |  |  |  | 1.52 |  |  |  | 1.00 |
Vesting of Warrants – On January 2, 2024, in connection with the default under the Licensing Agreement, the Performance-Based Warrants totaling 599,724 vested as a result of the default pursuant to certain provisions where all of the warrants automatically vest upon certain terminations of the Licensing Agreement by ABG. Of the warrants that vested, 449,793 had an exercise price of $9.24 per share and 149,931 had an exercise price of $18.48 per share. The accelerated vesting of the ABG Warrants did not result in any additional stock-based compensation expense during the three and nine months ended September 30, 2024. Modification of Awards – On February 28, 2023, the Company modified certain equity awards as a result of the resignation of a senior executive employee where 38,026 restricted stock units with time-based vesting that were unvested were vested and 21,117 options for shares of the Company’s common stock with time-based vesting that were unvested were vested, each subject to compliance with applicable securities laws and certain other provisions. In connection with the modification of these equity awards, the Company agreed to purchase options exercisable for 45,632 shares of the Company’s common stock (including unvested options that vested totaling 11,117 shares and previously vested options totaling 34,515 shares, both of which were in the money) as of the resignation date of the employee at a price of $10.29 per share, reduced by the exercise price and required tax withholdings, subject to certain conditions. The modification of the equity awards resulted in the unamortized costs being recognized at the modification date. The cash price of $10.29 per option less the strike price of $8.82 per option resulted in incremental cost of $68 being recognized at the modification date. The modification resulted in liability classification of the equity awards, with $68 paid during the nine months ended September 30, 2023.

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