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Accrued expenses and other current liabilities (Tables)
12 Months Ended
Dec. 31, 2017
Payables And Accruals [Abstract]  
Schedule of Account Payable and Accrued Expenses

Accrued expenses and other current liabilities consist of the following:

 

(In thousands)

 

December 31, 2017

 

 

December 31, 2016

 

Employee compensation expenses

 

$

4,429

 

 

$

2,530

 

Litigation settlement payable (1)

 

 

4,000

 

 

 

-

 

Professional fee payable

 

 

4,575

 

 

 

2,954

 

Business credit card payable

 

 

2,070

 

 

 

117

 

Puttable common stock that may require cash settlement (2)

 

 

1,350

 

 

 

-

 

Accrued interest expense

 

 

94

 

 

 

231

 

Insurance payable

 

 

138

 

 

 

227

 

Advertising and marketing expenses payable

 

 

293

 

 

 

174

 

Deferred rent

 

 

318

 

 

 

113

 

Miscellaneous expenses payable

 

 

879

 

 

 

635

 

Total

 

$

18,146

 

 

$

6,981

 

 

(1)

Litigation settlement payable represents the remaining balance of payable of TRADS Litigation Settlement, as defined in Note 17(d), “Contingency,” as of December 31, 2017, which will be paid out in 2018.

 

(2)

As of December 31, 2017, a liability was recognized in relation to certain shares of common stock with put rights that may require cash settlement. See Note 11, “Long-term debt, net,” for details.