XML 33 R22.htm IDEA: XBRL DOCUMENT v3.21.1
Description of Business and Summary of Significant Accounting Policies and Practices (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value of Cash and Cash Equivalents The following table provides information about the fair value of our cash and cash equivalents balance (in thousands):

 

Years ended December 31,

 

 

2019

 

 

2020

 

Level 1 Assets:

 

 

 

 

 

 

 

Cash

$

14,463

 

 

$

13,492

 

Money market funds

 

27,268

 

 

 

20,359

 

Total cash and cash equivalents

$

41,731

 

 

$

33,851

 

 

Allowance for Doubtful Accounts and Advertiser Credit Activity

The allowance for doubtful accounts activity for the periods indicated is as follows (in thousands):

 

 

 

Balance at

beginning

of period

 

 

Charged to

costs and

expenses

 

 

Write-offs,

net of

recoveries

 

 

Balance at

end of

period

 

December 31, 2019

 

 

417

 

 

 

4

 

 

 

155

 

 

 

266

 

December 31, 2020

 

 

266

 

 

 

246

 

 

 

68

 

 

 

444

 

The allowance for advertiser credits activity for the periods indicated is as follows (in thousands):

 

 

 

Balance at

beginning

of period

 

 

Additions

charged

against

revenue

 

 

Credits

processed

and other

 

 

Balance at

end of

period

 

December 31, 2019

 

 

543

 

 

 

242

 

 

 

632

 

 

 

153

 

December 31, 2020

 

 

153

 

 

 

1,029

 

 

 

520

 

 

 

662

 

Computation of Net Loss Per Share Basic and Diluted

The following table presents the computation of basic net loss per share for the periods ended (in thousands, except per share amounts):

 

 

 

 

Years ended December 31,

 

 

 

2019

 

 

2020

 

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

Basic net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss from continuing operations, net of tax

 

$

(1,026

)

 

$

(8,706

)

 

$

(4,233

)

 

$

(37,785

)

Discontinued operations, net of tax

 

 

600

 

 

 

5,090

 

 

 

360

 

 

 

3,212

 

Net loss applicable to common stockholders

 

$

(426

)

 

$

(3,616

)

 

$

(3,873

)

 

$

(34,573

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares

   outstanding used to calculate basic net

   loss per share

 

 

4,793

 

 

 

40,667

 

 

 

4,661

 

 

 

41,599

 

Basic net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations, net of tax

 

$

(0.21

)

 

$

(0.21

)

 

$

(0.91

)

 

$

(0.91

)

Discontinued operations, net of tax

 

 

0.12

 

 

 

0.12

 

 

 

0.08

 

 

 

0.08

 

Basic net loss per share applicable to

   common stockholders

 

$

(0.09

)

 

$

(0.09

)

 

$

(0.83

)

 

$

(0.83

)

 

 

The following table presents the computation of diluted net loss per share for the periods ended (in thousands, except per share amounts):

 

 

 

Years ended December 31,

 

 

 

2019

 

 

2020

 

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

Diluted net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss from continuing operations, net of tax

 

$

(1,026

)

 

$

(8,706

)

 

$

(4,233

)

 

$

(37,785

)

Reallocation of net loss for Class A shares as

   a result of conversion of Class A to Class B

   shares

 

 

 

 

 

(1,026

)

 

 

 

 

 

(4,233

)

Diluted net loss from continuing operations, net of tax

 

$

(1,026

)

 

$

(9,732

)

 

$

(4,233

)

 

$

(42,018

)

Net income from discontinued operations, net of tax

 

 

600

 

 

 

5,090

 

 

 

360

 

 

 

3,212

 

Reallocation of discontinued operations for

   Class A shares as a result of conversion of

   Class A to Class B share

 

 

 

 

 

600

 

 

 

 

 

 

360

 

Diluted net income from discontinued operations, net of tax

 

$

600

 

 

$

5,690

 

 

$

360

 

 

$

3,572

 

Net loss applicable to common

   stockholders

 

$

(426

)

 

$

(4,042

)

 

$

(3,873

)

 

$

(38,446

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares

   outstanding used to calculate basic net

   loss per share

 

 

4,793

 

 

 

40,667

 

 

 

4,661

 

 

 

41,599

 

Conversion of Class A to Class B common

   shares outstanding

 

 

 

 

 

4,793

 

 

 

 

 

 

4,661

 

Weighted average number of shares

   outstanding used to calculate diluted net

   loss per share

 

 

4,793

 

 

 

45,460

 

 

 

4,661

 

 

 

46,260

 

Diluted net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations, net of tax

 

$

(0.21

)

 

$

(0.21

)

 

$

(0.91

)

 

$

(0.91

)

Discontinued operations, net of tax

 

 

0.12

 

 

 

0.12

 

 

 

0.08

 

 

 

0.08

 

Diluted net loss per share applicable

   to common stockholders

 

$

(0.09

)

 

$

(0.09

)

 

$

(0.83

)

 

$

(0.83

)

 

Accounts Receivable  
Schedules of Concentration of Risk, by Risk Factor

The Company has one customer that represents more than 10% of consolidated accounts receivable. The outstanding receivable balance for this customer is as follows (in percentages):

 

 

 

At December 31,

 

 

 

2019

 

 

2020

 

Customer A

 

 

16

%

 

 

18

%