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Divestiture Support Services Fee
12 Months Ended
Dec. 31, 2024
Divestiture Support Service Fees [Abstract]  
Divestiture Support Services Fee

Note 12: Divestiture Support Services Fee

In October 2020, the Company sold certain assets to a related party controlled by a shareholder and officers of the Company. In connection with the closing, the Company also entered into an administrative support services agreement with the related party purchaser pursuant to which the Company was to provide services to the related party purchaser for a support services fee. The support services fees are included in the Consolidated Statements of Operations, net of the related expenses, within Cost of revenue, Sales and marketing, Product development, and General and administrative. As of December 31, 2024 and 2023, the net amount due from the purchaser of $40.5 thousand and $0.4 million, respectively, is included in the Company’s Consolidated Balance Sheet within Prepaid expenses and other current assets.

The components of related party support services fees in the Consolidated Statements of Operations are as follows:

 

 

Year Ended December 31,

 

(In Thousands)

 

2024

 

 

2023

 

Components of related party support services fee recovery

 

 

 

 

 

 

Cost of revenue

 

$

101

 

 

$

1,115

 

Sales and marketing

 

 

 

 

 

90

 

Product development

 

 

 

 

 

172

 

General and administrative

 

 

104

 

 

 

147

 

Total

 

$

205

 

 

$

1,524