XML 17 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss applicable to common shareholders $ (5,332) $ (24,875)
Less:    
Income from discontinued operations, net of tax   648
Loss from continuing operations (5,332) (25,523)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization and depreciation 1,608 2,269
Impairment of goodwill   14,688
Impairment of intangible assets from acquisitions   4,959
Allowance for doubtful accounts and advertiser credits 27 1,162
Acquisition-related benefit   (728)
Stock-based compensation 744 1,056
Deferred income taxes 63 (800)
Change in certain assets and liabilities:    
Accounts receivable, net (564) (263)
Prepaid expenses, other current assets and other assets (394) (863)
Accounts payable (675) 793
Accrued expenses and other current liabilities (1,007) 521
Deferred revenue and deposits (85) 285
Net cash (used in) continuing operating activities (5,615) (2,444)
Net cash provided by discontinued operating activities   730
Net cash (used in) operating activities (5,615) (1,714)
Investing Activities:    
Cash paid for acquisitions   88
Purchases of property and equipment (100) (589)
Purchases of intangible assets and other assets   (4)
Net cash used in continuing investing activities (100) (505)
Net cash used in discontinued investing activities   (4)
Net cash used in investing activities (100) (509)
Financing Activities:    
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net 33 8
Net cash provided by continuing financing activities 33 8
Net decrease in cash and cash equivalents (5,682) (2,215)
Cash and cash equivalents at beginning of period 33,851 41,731
Less: Cash and cash equivalents of discontinued operations at the end of period   (79)
Cash and cash equivalents of continuing operations at end of period 28,169 39,437
Supplemental disclosure of cash flow information:    
Cash paid for operating leases $ 471 $ 301