XML 62 R21.htm IDEA: XBRL DOCUMENT v3.23.1
Description of Business and Summary of Significant Accounting Policies and Practices (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value of Cash and Cash Equivalents The following table provides information about the fair value of our cash and cash equivalents balance:

 

Years Ended December 31,

 

(In Thousands)

2021

 

 

2022

 

Level 1 Assets:

 

 

 

 

 

 

 

Cash

$

10,725

 

 

$

9,020

 

Money market funds

 

16,361

 

 

 

11,454

 

Total cash and cash equivalents

$

27,086

 

 

$

20,474

 

 

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, 2021

 

 

444

 

 

 

187

 

 

 

365

 

 

 

266

 

December 31, 2022

 

 

266

 

 

 

26

 

 

 

125

 

 

 

167

 

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, 2021

 

 

662

 

 

 

248

 

 

 

753

 

 

 

157

 

December 31, 2022

 

 

157

 

 

 

461

 

 

 

534

 

 

 

84

 

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:

 

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2022

 

(In Thousands, Except Per Share Amounts)

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

Basic net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss applicable to common stockholders

 

$

(466

)

 

$

(3,924

)

 

$

(889

)

 

$

(7,356

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares

   outstanding used to calculate basic net

   loss per share

 

 

4,661

 

 

 

39,256

 

 

 

4,661

 

 

 

38,560

 

Basic net loss per share applicable to

   common stockholders

 

$

(0.10

)

 

$

(0.10

)

 

$

(0.19

)

 

$

(0.19

)

 

 

The following table presents the computation of diluted net loss per share for the periods ended:

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2022

 

(In Thousands, Except Per Share Amounts)

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

Diluted net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss applicable to common stockholders

 

$

(466

)

 

$

(3,924

)

 

$

(889

)

 

$

(7,356

)

Reallocation of net loss for Class A shares as

   a result of conversion of Class A to Class B

   shares

 

 

 

 

 

(466

)

 

 

 

 

 

(889

)

Diluted net loss applicable to common stockholders:

 

$

(466

)

 

$

(4,390

)

 

$

(889

)

 

$

(8,245

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares

   outstanding used to calculate basic net

   loss per share

 

 

4,661

 

 

 

39,256

 

 

 

4,661

 

 

 

38,560

 

Conversion of Class A to Class B common

   shares outstanding

 

 

 

 

 

4,661

 

 

 

 

 

 

4,661

 

Weighted average number of shares

   outstanding used to calculate diluted net

   loss per share

 

 

4,661

 

 

 

43,917

 

 

 

4,661

 

 

 

43,221

 

Diluted net loss per share applicable

   to common stockholders

 

$

(0.10

)

 

$

(0.10

)

 

$

(0.19

)

 

$

(0.19

)

 

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:

 

 

 

At December 31,

 

(In Percentages)

 

2021

 

 

2022

 

Customer A

 

 

11

%

 

 

28

%