Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 127,459 $ 114,817
Accounts receivable, net 24,100 16,666
Expenditures billable to clients 16,129 18,365
Prepaid expenses and other current assets 5,220 6,719
Total current assets 172,908 156,567
Property, equipment and improvements, net 385 2,354
Intangible assets, net 9,666 10,744
Goodwill 6,904 6,904
Long-term restricted cash 855 855
Other assets 229 230
Total assets 190,947 177,654
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 19,186 15,632
Accrued media payments 65,391 55,874
Client advances 8,321 6,496
Other accrued liabilities 10,143 10,246
Total current liabilities 103,041 88,248
Other non-current liabilities 2,113 1,196
Total liabilities 105,154 89,444
Commitments and contingencies (Note 7)
Stockholders' equity    
Common stock, par value $0.001 per share; 75,000,000 shares authorized; 32,676,286 and 31,799,354 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 33 32
Additional paid-in capital 396,619 368,477
Accumulated deficit (310,932) (280,365)
Accumulated other comprehensive income 73 66
Total stockholders' equity 85,793 88,210
Total liabilities and stockholders' equity $ 190,947 $ 177,654