Consolidated Financial Statements Details (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
|---|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
| Summary of Accounts Receivable, Net |
Accounts receivable consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
December 31,
2022 |
|
|
December 31,
2021 |
|
Accounts receivable — Managed Services(1) |
|
$ |
27,670 |
|
|
$ |
21,347 |
|
Accounts receivable — Software Products & Services(2) |
|
|
26,969 |
|
|
|
59,568 |
|
Accounts receivable — Other |
|
|
2,181 |
|
|
|
4,926 |
|
|
|
|
56,820 |
|
|
|
85,841 |
|
Less: allowance for doubtful accounts |
|
|
(819 |
) |
|
|
(778 |
) |
Accounts receivable, net |
|
$ |
56,001 |
|
|
$ |
85,063 |
|
(1)Accounts receivable – Managed Services reflects the amounts due from the Company’s advertising customers.
(2)Accounts receivable – Software Products & Services reflects the amounts due from the Company’s PandoLogic customers.
|
| Summary of Property Equipment and Improvements, Net |
Property, equipment and improvements, net consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
December 31,
2022 |
|
|
December 31,
2021 |
|
Property and equipment |
|
$ |
8,532 |
|
|
$ |
4,262 |
|
Leasehold improvements |
|
|
250 |
|
|
|
167 |
|
|
|
|
8,782 |
|
|
|
4,429 |
|
Less: accumulated depreciation |
|
|
(3,491 |
) |
|
|
(2,873 |
) |
Property, equipment and improvements, net |
|
$ |
5,291 |
|
|
$ |
1,556 |
|
|
| Summary of Accounts Payable |
Accounts payable consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
December 31,
2022 |
|
|
December 31,
2021 |
|
Accounts payable — Managed Services(1) |
|
$ |
17,972 |
|
|
$ |
23,613 |
|
Accounts payable — Other |
|
|
18,766 |
|
|
|
23,098 |
|
Total |
|
$ |
36,738 |
|
|
$ |
46,711 |
|
(1)Accounts payable – Managed Services reflects the amounts due to media vendors for advertisements placed on behalf of the Company’s advertising clients.
|
| Summary of Revenue |
Revenue for the periods presented were comprised of the following:
|
|
|
|
|
|
|
|
|
|
|
Year Ended
December 31, |
|
|
|
2022 |
|
|
2021 |
|
Commercial Enterprise |
|
$ |
145,899 |
|
|
$ |
111,274 |
|
Government & Regulated Entities |
|
|
3,829 |
|
|
|
4,031 |
|
Total revenue |
|
$ |
149,728 |
|
|
$ |
115,305 |
|
|
| Summary of Presentation of Revenues |
The table below illustrates the presentation of our revenues based on the above definitions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended
December 31, 2022 |
|
|
|
|
|
|
|
Government & |
|
|
|
|
|
|
|
Commercial |
|
|
Regulated |
|
|
|
|
|
|
|
Enterprise |
|
|
Industries |
|
|
Total |
|
|
Total Software Products & Services(1) |
|
$ |
80,749 |
|
|
$ |
3,829 |
|
|
$ |
84,578 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Managed Services |
|
|
|
|
|
|
|
|
|
|
Advertising |
|
|
44,665 |
|
|
|
— |
|
|
|
44,665 |
|
|
Licensing |
|
|
20,485 |
|
|
|
— |
|
|
|
20,485 |
|
|
Total Managed Services |
|
|
65,150 |
|
|
|
— |
|
|
|
65,150 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Revenue |
|
$ |
145,899 |
|
|
$ |
3,829 |
|
|
$ |
149,728 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended
December 31, 2021 |
|
|
|
|
|
|
Government & |
|
|
|
|
|
|
Commercial |
|
|
Regulated |
|
|
|
|
|
|
Enterprise |
|
|
Industries |
|
|
Total |
|
Total Software Products & Services(1) |
|
$ |
55,484 |
|
|
$ |
4,031 |
|
|
$ |
59,515 |
|
|
|
|
|
|
|
|
|
|
|
Managed Services |
|
|
|
|
|
|
|
|
|
Advertising |
|
|
40,800 |
|
|
|
— |
|
|
|
40,800 |
|
Licensing |
|
|
14,990 |
|
|
|
— |
|
|
|
14,990 |
|
Total Managed Services |
|
|
55,790 |
|
|
|
— |
|
|
|
55,790 |
|
|
|
|
|
|
|
|
|
|
|
Total Revenue |
|
$ |
111,274 |
|
|
$ |
4,031 |
|
|
$ |
115,305 |
|
|
| Schedule of Other Income (Expense), Net |
Other income (expense), net for the periods presented was comprised of the following:
|
|
|
|
|
|
|
|
|
|
|
Year Ended
December 31, |
|
|
|
2022 |
|
|
2021 |
|
Interest expense, net |
|
$ |
(4,862 |
) |
|
$ |
(538 |
) |
Gain on debt extinguishment |
|
$ |
19,097 |
|
|
|
— |
|
Other |
|
|
512 |
|
|
|
(62 |
) |
Other income (expense), net |
|
$ |
14,747 |
|
|
$ |
(600 |
) |
|