Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:            
Net loss     $ (24,477) $ (32,997)    
Adjustments to reconcile net loss to net cash used in operating activities:            
Depreciation and amortization     3,206 2,719    
Issuance of warrants     102      
Change in fair value of warrant liability $ 202 $ 37 200 50    
Provision for doubtful accounts     213 44    
Stock-based compensation expense 4,131 5,778 8,587 11,285    
Other       (19)    
Changes in assets and liabilities:            
Accounts receivable     (3,453) 2,278    
Expenditures billable to clients     7,109 (2,111)    
Prepaid expenses and other assets     (363) 413    
Accounts payable     3,484 (10,255)    
Accrued media payments     5,133 13,367    
Client advances     (4,619) (3,727)    
Other accrued liabilities     2,193 2,364    
Other liabilities     (92) (17)    
Net cash used in operating activities     (2,777) (16,606) $ (30,117) $ (41,770)
Cash flows from investing activities:            
Proceeds from sales of marketable securities       8,616    
Proceeds from the sale of equipment     56      
Capital expenditures     (30) (208)    
Intangible assets acquired       (477)    
Acquisition of businesses, net of cash acquired       (883)    
Net cash provided by investing activities     26 7,048    
Cash flows from financing activities:            
Proceeds from common stock offerings, net     6,527 11,778    
Proceeds from loan     6,491      
Repayment of loan     (6,491)      
Proceeds from the exercise of warrants     2,100      
Proceeds from issuances of stock under employee stock plans, net     140 414    
Net cash provided by financing activities     8,767 12,192    
Net increase in cash, cash equivalents and restricted cash     6,016 2,634    
Cash, cash equivalents and restricted cash, beginning of period     44,920 38,776 38,776  
Cash, cash equivalents and restricted cash, end of period $ 50,936 $ 41,410 $ 50,936 $ 41,410 $ 44,920 $ 38,776