Consolidated Financial Statements Details (Tables)
|
9 Months Ended |
Sep. 30, 2020 |
|---|
| Organization Consolidation And Presentation Of Financial Statements [Abstract] |
|
| Summary of Accounts Receivable, Net |
Accounts receivable consisted of the following:
|
|
|
As of
|
|
|
|
|
September 30,
|
|
|
December 31,
|
|
|
|
|
2020
|
|
|
2019
|
|
|
Accounts receivable — Advertising
|
|
$
|
14,553
|
|
|
$
|
19,184
|
|
|
Accounts receivable — aiWARE SaaS Solutions
|
|
|
2,354
|
|
|
|
1,269
|
|
|
Accounts receivable — aiWARE Content Licensing and Media Services
|
|
|
668
|
|
|
|
928
|
|
|
|
|
|
17,575
|
|
|
|
21,381
|
|
|
Less: allowance for doubtful accounts
|
|
|
(105
|
)
|
|
|
(29
|
)
|
|
Accounts receivable, net
|
|
$
|
17,470
|
|
|
$
|
21,352
|
|
|
| Summary of Property Equipment and Improvements, Net |
Property, equipment and improvements, net consisted of the following:
|
|
|
As of
|
|
|
|
|
September 30,
|
|
|
December 31,
|
|
|
|
|
2020
|
|
|
2019
|
|
|
Property and equipment
|
|
$
|
2,276
|
|
|
$
|
2,247
|
|
|
Leasehold improvements
|
|
|
2,908
|
|
|
|
2,876
|
|
|
|
|
|
5,184
|
|
|
|
5,123
|
|
|
Less: accumulated depreciation
|
|
|
(2,685
|
)
|
|
|
(1,909
|
)
|
|
Property, equipment and improvements, net
|
|
$
|
2,499
|
|
|
$
|
3,214
|
|
|
| Summary of Accounts Payable |
Accounts payable consisted of the following:
|
|
|
As of
|
|
|
|
|
September 30,
|
|
|
December 31,
|
|
|
|
|
2020
|
|
|
2019
|
|
|
Accounts payable — Advertising
|
|
$
|
19,961
|
|
|
$
|
15,697
|
|
|
Accounts payable — Other
|
|
|
1,307
|
|
|
|
1,317
|
|
|
Total
|
|
$
|
21,268
|
|
|
$
|
17,014
|
|
|
| Summary of Revenue |
Revenue for the periods presented were comprised of the following:
|
|
|
Three Months Ended
|
|
|
Nine Months Ended
|
|
|
|
|
September 30,
|
|
|
September 30,
|
|
|
|
|
2020
|
|
|
2019
|
|
|
2020
|
|
|
2019
|
|
|
Advertising
|
|
$
|
8,764
|
|
|
$
|
6,291
|
|
|
$
|
21,803
|
|
|
$
|
17,847
|
|
|
aiWARE SaaS Solutions
|
|
|
3,351
|
|
|
|
2,350
|
|
|
|
9,461
|
|
|
|
7,781
|
|
|
aiWARE Content Licensing and Media Services
|
|
|
3,603
|
|
|
|
4,164
|
|
|
|
9,626
|
|
|
|
11,572
|
|
|
Total revenue
|
|
$
|
15,718
|
|
|
$
|
12,805
|
|
|
$
|
40,890
|
|
|
$
|
37,200
|
|
|
| Summary of Disaggregation of Revenue |
Revenue disaggregated was as follows:
|
|
|
Three Months Ended
|
|
|
Nine Months Ended
|
|
|
|
|
September 30,
|
|
|
September 30,
|
|
|
|
|
2020
|
|
|
2019
|
|
|
2020
|
|
|
2019
|
|
|
Advertising (by service type):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Agency
|
|
$
|
7,372
|
|
|
$
|
6,197
|
|
|
$
|
19,393
|
|
|
$
|
17,753
|
|
|
VeriAds
|
|
|
1,392
|
|
|
|
94
|
|
|
|
2,410
|
|
|
|
94
|
|
|
Sub-total
|
|
|
8,764
|
|
|
|
6,291
|
|
|
|
21,803
|
|
|
|
17,847
|
|
|
aiWARE SaaS Solutions (by market):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Media and Entertainment
|
|
|
2,462
|
|
|
|
2,257
|
|
|
|
7,686
|
|
|
|
6,962
|
|
|
Government, Legal and Compliance
|
|
537
|
|
|
93
|
|
|
|
1,172
|
|
|
819
|
|
|
Other Markets
|
|
352
|
|
|
|
-
|
|
|
|
603
|
|
|
|
-
|
|
|
Sub-total
|
|
|
3,351
|
|
|
|
2,350
|
|
|
|
9,461
|
|
|
|
7,781
|
|
|
aiWARE Content Licensing and Media Services (by service type):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Content Licensing
|
|
|
3,062
|
|
|
|
3,571
|
|
|
|
9,085
|
|
|
|
10,679
|
|
|
Media Services
|
|
541
|
|
|
593
|
|
|
|
541
|
|
|
893
|
|
|
Sub-total
|
|
|
3,603
|
|
|
|
4,164
|
|
|
|
9,626
|
|
|
|
11,572
|
|
|
Total revenue
|
|
$
|
15,718
|
|
|
$
|
12,805
|
|
|
$
|
40,890
|
|
|
$
|
37,200
|
|
|
| Schedule of Other (Expense) Income, Net |
Other (expense) income, net for the periods presented was comprised of the following:
|
|
|
Three Months Ended
|
|
|
Nine Months Ended
|
|
|
|
|
September 30,
|
|
|
September 30,
|
|
|
|
|
2020
|
|
|
2019
|
|
|
2020
|
|
|
2019
|
|
|
Interest income, net
|
|
$
|
2
|
|
|
$
|
133
|
|
|
$
|
84
|
|
|
$
|
462
|
|
|
Change in fair value of warrant liability
|
|
|
—
|
|
|
|
57
|
|
|
|
(200
|
)
|
|
|
7
|
|
|
Other
|
|
|
(6
|
)
|
|
|
(6
|
)
|
|
|
8
|
|
|
|
(23
|
)
|
|
Other (expense) income, net
|
|
$
|
(4
|
)
|
|
$
|
184
|
|
|
$
|
(108
|
)
|
|
$
|
446
|
|
|