XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.25.2

Balance Sheet Components | 6 Months Ended
--- | ---
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Balance Sheet Components | Balance Sheet Components The components of certain balance sheet amounts are as follows: Accounts Receivable and Allowance for Credit Losses – The Company receives payments from advertising customers based upon contractual payment terms; accounts receivable is recorded when the right to consideration becomes unconditional and are generally collected within 90 days. The Company generally receives payments from digital subscription customers at the time of sign up for each subscription; accounts receivable from merchant credit card processors are recorded when the right to consideration becomes unconditional and are generally collected weekly. Accounts receivable have been reduced by an allowance for credit losses. The Company maintains the allowance for estimated losses resulting from the inability of the Company’s customers to make required payments. The allowance represents the current estimate of lifetime expected credit losses over the remaining duration of existing accounts receivable considering current market conditions and supportable forecasts when appropriate. The estimate is a result of the Company’s ongoing evaluation of collectability, customer creditworthiness, historical levels of credit losses, and future expectations. Accounts receivable are written off when deemed uncollectible and collection of the receivable is no longer being actively pursued. Accounts receivable as of June 30, 2025 and December 31, 2024 of $40,077 and $31,115, respectively, are presented net of allowance for credit losses. The following table summarizes the allowance for credit losses activity:
| Six Months ended June 30, 2025 |  | Year Ended December 31, 2024
Allowance for credit losses - beginning of year | $ | 1,458 |  |  | $ | 374 |
Additions | 219 |  |  | 1,934 |
Deductions - write-off | (17) |  |  | (850) |
Allowance for credit losses - end of period | $ | 1,660 |  |  | $ | 1,458 |
Prepayments and Other Current Assets – Prepayments and other current assets are summarized as follows:
| As of
| June 30, 2025 |  | December 31, 2024
Prepaid expense | $ | 1,861 |  |  | $ | 2,078 |
Prepaid supplies | 117 |  |  | 62 |
Refundable income and franchise taxes | 119 |  |  | 149 |
Employee retention credits | 2,468 |  |  | 2,468 |
| $ | 4,565 |  |  | $ | 4,757 |
Under the provisions of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and the subsequent extensions of the CARES Act, the Company was eligible for a refundable employee retention credit subject to certain criteria. As of June 30, 2025 and December 31, 2024, the Company has a receivable balance of $2,468 as presented in the above table. Property and Equipment – Property and equipment are summarized as follows:
| As of
| June 30, 2025 |  | December 31, 2024
Office equipment and computers | $ | 1,777 |  |  | $ | 1,777 |
Leasehold Improvements | 54 |  |  | 54 |
Furniture and fixtures | 133 |  |  | 133 |
| 1,964 |  |  | 1,964 |
Less accumulated depreciation and amortization | (1,888) |  |  | (1,816) |
Net property and equipment | $ | 76 |  |  | $ | 148 |
Depreciation and amortization expense for the three months ended June 30, 2025 and 2024 was $31 and $63, respectively. Depreciation and amortization expense for the six months ended June 30, 2025 and 2024 was $72 and $130, respectively. No impairment charges for the three or six months ended June 30, 2025 and 2024 were incurred. Platform Development – Platform development costs are summarized as follows:
| As of
| June 30, 2025 |  | December 31, 2024
Platform development | $ | 35,003 |  |  | $ | 31,434 |
Less accumulated amortization | (25,703) |  |  | (23,319) |
Net platform development | $ | 9,300 |  |  | $ | 8,115 |
A summary of platform development activity for the six months ended June 30, 2025 is as follows:
Platform development beginning of period | $ | 31,434 |
Capitalized costs | 3,545 |
Less dispositions | — |
Total capitalized costs | 34,979 |
Stock-based compensation | 24 |
Impairments | — |
Platform development end of period | $ | 35,003 |
Amortization expense for platform development for the three months ended June 30, 2025 and 2024 was $1,108 and $1,507, respectively. Amortization expense for platform development for the six months ended June 30, 2025 and 2024 was $2,384 and $3,056, respectively. Amortization expense for platform development is included in cost of revenue on the consolidated statements of operations and comprehensive loss. No impairment charges for platform development for the three or six months ended June 30, 2025 and 2024 were recorded on the consolidated statements of operations and comprehensive loss. Intangible Assets – Intangible assets subject to amortization consisted of the following:
| As of June 30, 2025 |  | As of December 31, 2024
| Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Developed technology | $ | 17,333 |  |  | $ | (17,333) |  |  | $ | — |  |  | $ | 17,333 |  |  | $ | (17,333) |  |  | $ | — |
Trade name | 5,181 |  |  | (1,926) |  |  | 3,255 |  |  | 5,181 |  |  | (1,799) |  |  | 3,382 |
Brand name | 13,115 |  |  | (4,433) |  |  | 8,682 |  |  | 12,115 |  |  | (3,729) |  |  | 8,386 |
Subscriber relationships | 2,150 |  |  | (1,507) |  |  | 643 |  |  | 2,150 |  |  | (1,379) |  |  | 771 |
Advertiser relationships | 14,519 |  |  | (5,009) |  |  | 9,510 |  |  | 14,519 |  |  | (4,269) |  |  | 10,250 |
Database | 1,140 |  |  | (1,140) |  |  | — |  |  | 1,140 |  |  | (1,140) |  |  | — |
Digital content | 355 |  |  | (355) |  |  | — |  |  | 355 |  |  | (355) |  |  | — |
Total intangible assets | $ | 53,793 |  |  | $ | (31,703) |  |  | $ | 22,090 |  |  | $ | 52,793 |  |  | $ | (30,004) |  |  | $ | 22,789 |
Intangible assets subject to amortization were recorded as part of the Company’s business acquisitions. Amortization expense for both the three months ended June 30, 2025 and 2024 was $850, and is included in cost of revenue on the condensed consolidated statements of operations and comprehensive loss. Amortization expense for the six months ended June 30, 2025 and 2024 was $1,699 and $1,770, respectively, and is included in cost of revenue on the condensed consolidated statements of operations and comprehensive loss. No impairment charges from continuing operations for the three months ended June 30, 2025 and 2024 was recorded for intangible assets. Impairment charges for the six months ended June 30, 2024 of $1,198 was recorded as a result of the disposition of Fexy Studios intangible assets, including the advertiser relationships of $608 and brand names of $590, on the consolidated statements of operations and comprehensive loss. There were no impairment charges for the six months ended June 30, 2025. Accrued Expenses and Other – Accrued expenses and other are summarized as follows:
| As of
| June 30, 2025 |  | December 31, 2024
General accrued expenses | $ | 2,310 |  |  | $ | 2,140 |
Accrued payroll and related taxes | 4,703 |  |  | 3,805 |
Accrued publisher expenses | 6,178 |  |  | 4,066 |
Liabilities in connection with acquisitions and dispositions | 1,000 |  |  | 30 |
Assumed lease liability | — |  |  | 390 |
Other accrued expense | 1,715 |  |  | 559 |
Total accrued expenses and other | $ | 15,906 |  |  | $ | 10,990 |

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://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration