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Description of Business and Summary of Significant Accounting Policies and Practices (Tables)
 12 Months Ended
Dec. 31, 2023
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)

2022

 

 

2023

 

Level 1 Assets:

 

 

 

 

 

Cash

$

9,020

 

 

$

9,510

 

Money market funds

 

11,454

 

 

 

5,097

 

Total cash and cash equivalents

$

20,474

 

 

$

14,607

 

 
Allowance for Doubtful Accounts and Customer 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, 2022

 

$

266

 

 

$

26

 

 

$

125

 

 

$

167

 

December 31, 2023

 

$

167

 

 

$

284

 

 

$

331

 

 

$

120

 

The allowance for customer 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, 2022

 

$

157

 

 

$

461

 

 

$

534

 

 

$

84

 

December 31, 2023

 

$

84

 

 

$

472

 

 

$

445

 

 

$

111

 
Schedules of Concentration of Risk, by Risk Factor

The Company has one customer that represents more than 10% of consolidated revenue for the year ended December 31, 2022 and 2023.

 

 

At December 31,

 

(In Percentages)

 

2022

 

 

2023

 

Customer A

 

 

10

%

 

 

11

%

The Company has one customer that represents more than 10% of consolidated accounts receivable for the year ended December 31, 2022 and 2023.

 

 

At December 31,

 

(In Percentages)

 

2022

 

 

2023

 

Customer A

 

 

28

%

 

 

21

%
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,

 

 

 

2022

 

 

2023

 

(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

 

$

(889

)

 

$

(7,356

)

 

$

(1,084

)

 

$

(8,826

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding used to calculate basic net loss per share

 

 

4,661

 

 

 

38,560

 

 

 

4,661

 

 

 

37,960

 

Basic net loss per share applicable to common stockholders

 

$

(0.19

)

 

$

(0.19

)

 

$

(0.23

)

 

$

(0.23

)

 

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

 

 

Years Ended December 31,

 

 

 

2022

 

 

2023

 

(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

 

$

(889

)

 

$

(7,356

)

 

$

(1,084

)

 

$

(8,826

)

Reallocation of net loss for Class A shares as a result of conversion of Class A to Class B shares

 

 

—

 

 

 

(889

)

 

 

—

 

 

 

(1,084

)

Diluted net loss applicable to common stockholders:

 

$

(889

)

 

$

(8,245

)

 

$

(1,084

)

 

$

(9,910

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding used to calculate basic net loss per share

 

 

4,661

 

 

 

38,560

 

 

 

4,661

 

 

 

37,960

 

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

 

 

 

43,221

 

 

 

4,661

 

 

 

42,621

 

Diluted net loss per share applicable to common stockholders

 

$

(0.19

)

 

$

(0.19

)

 

$

(0.23

)

 

$

(0.23

)