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Condensed Consolidated Statements of Cash Flows
$ in Thousands
6 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Cash flows from operating activities:    
Net loss applicable to common shareholders $ (5,668) $ (29,383)
Less:    
Income from discontinued operations, net of tax   1,803
Loss from continuing operations (5,668) (31,186)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization and depreciation 3,362 3,952
Impairment of goodwill   14,688
Impairment of intangible assets from acquisitions   4,959
Allowance for doubtful accounts and advertiser credits 42 1,540
Acquisition-related benefit   (1,319)
Stock-based compensation 1,399 1,964
Deferred income taxes 23 (820)
Change in certain assets and liabilities:    
Accounts receivable, net (2,449) (1,041)
Prepaid expenses, other current assets and other assets (579) (1,278)
Accounts payable (105) 1,367
Accrued expenses and other current liabilities (1,785) 2,925
Deferred revenue and deposits 61 833
Net cash provided by (used in) continuing operating activities (5,699) (3,416)
Net cash provided by discontinued operating activities   3,295
Net cash (used in) operating activities (5,699) (121)
Investing Activities:    
Purchases of property and equipment (438) (1,011)
Purchases of intangible assets and other assets   84
Net cash used in continuing investing activities (438) (927)
Net cash used in discontinued investing activities   (14)
Net cash used in investing activities (438) (941)
Financing Activities:    
Proceeds from Cares Act Loans   5,119
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net 99 30
Net cash provided by continuing financing activities 99 5,149
Net cash provided by discontinuing financing activities   164
Net cash provided by financing activities 99 5,313
Net decrease in cash and cash equivalents (6,038) 4,251
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   91
Cash and cash equivalents of continuing operations at end of period 27,813 46,073
Supplemental disclosures of cash inflows within operating activities:    
Foreign government paycheck assistance and rent subsidies 299  
Settlement of a contract matter 2,500  
Supplemental disclosure of cash flow information:    
Cash paid for operating leases $ 868 $ 873