Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 254,722 $ 114,817
Accounts receivable, net 85,063 16,666
Expenditures billable to clients 27,180 18,365
Prepaid expenses and other current assets 12,117 6,719
Total current assets 379,082 156,567
Property, equipment and improvements, net 1,556 2,354
Intangible assets, net 88,247 10,744
Goodwill 34,058 6,904
Long-term restricted cash 855 855
Other assets 954 230
Total assets 504,752 177,654
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 46,711 15,632
Accrued media payments 86,923 55,874
Client advances 10,561 6,496
Contingent consideration, current 19,988  
Other accrued liabilities 27,093 10,246
Total current liabilities 191,276 88,248
Convertible senior notes, non-current 195,082  
Contingent consideration, non-current 24,737  
Other non-current liabilities 13,078 1,196
Total liabilities 424,173 89,444
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, par value $0.001 per share; 75,000,000 shares authorized; 34,972,256 and 31,799,354 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively 35 32
Additional paid-in capital 431,606 368,477
Accumulated deficit (350,958) (280,365)
Accumulated other comprehensive (loss) income (104) 66
Total stockholders' equity 80,579 88,210
Total liabilities and stockholders' equity $ 504,752 $ 177,654