Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Mar. 22, 2022 | Jun. 30, 2021 | |
Document Information [Line Items] | |||
Entity Central Index Key | 0001023364 | ||
Entity Registrant Name | AutoWeb, Inc. | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2021 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2021 | ||
Document Transition Report | false | ||
Entity File Number | 1-34761 | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Tax Identification Number | 33-0711569 | ||
Entity Address, Address Line One | 400 North Ashley Drive, Suite 300 | ||
Entity Address, City or Town | Tampa | ||
Entity Address, State or Province | FL | ||
Entity Address, Postal Zip Code | 33602 | ||
City Area Code | 949 | ||
Local Phone Number | 225-4500 | ||
Title of 12(b) Security | Common Stock, par value $0.001 per share | ||
Trading Symbol | AUTO | ||
Security Exchange Name | NASDAQ | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 28,000,000 | ||
Entity Common Stock, Shares Outstanding | 14,051,149 | ||
Auditor Name | Moss Adams LLP | ||
Auditor Location | San Diego, CA | ||
Auditor Firm ID | 659 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 7,315 | $ 10,803 |
Restricted cash | 4,314 | 4,304 |
Accounts receivable, net of allowances for bad debts and customer credits of $101 and $406 at December 31, 2021 and 2020, respectively | 11,433 | 13,955 |
Vehicle inventory | 1,076 | 0 |
Prepaid expenses and other current assets | 998 | 847 |
Total current assets | 25,136 | 29,909 |
Property and equipment, net | 3,853 | 2,953 |
Right-of-use assets | 1,993 | 2,892 |
Intangible assets, net | 3,634 | 4,733 |
Other assets | 516 | 642 |
Total assets | 35,132 | 41,129 |
Current liabilities: | ||
Accounts payable | 7,705 | 7,233 |
Borrowings under revolving credit facility | 10,001 | 10,185 |
Accrued employee-related benefits | 1,782 | 2,123 |
Other accrued expenses and other current liabilities | 610 | 538 |
PPP loan | 0 | 1,384 |
Current portion of lease liabilities | 781 | 1,015 |
Current portion of financing debt | 64 | 65 |
Total current liabilities | 20,943 | 22,543 |
Lease liabilities, net of current portion | 1,432 | 2,191 |
Financing debt, net of current portion | 0 | 60 |
Total liabilities | 22,375 | 24,794 |
Commitments and contingencies (Note 7) | ||
Stockholders’ equity: | ||
Common stock, $0.001 par value; 55,000,000 shares authorized; 13,489,482 and 13,169,204 shares issued and outstanding at December 31, 2021 and 2020, respectively | 13 | 13 |
Additional paid-in capital | 368,168 | 366,087 |
Accumulated deficit | (355,424) | (349,765) |
Total stockholders’ equity | 12,757 | 16,335 |
Total liabilities and stockholders’ equity | 35,132 | 41,129 |
Series A Preferred Stock [Member] | ||
Stockholders’ equity: | ||
Series A Preferred stock 2,000,000 shares authorized, none issued and outstanding at December 31, 2021 and 2020, respectively | $ 0 | $ 0 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Allowance for Credit Loss | $ 101 | $ 406 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 55,000,000 | 55,000,000 |
Common stock, shares issued (in shares) | 13,489,482 | 13,169,204 |
Common stock, shares outstanding (in shares) | 13,489,482 | 13,169,204 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues: | ||
Revenue | $ 71,585 | $ 76,570 |
Gross profit | 20,331 | 23,680 |
Operating expenses: | ||
Sales and marketing | 9,170 | 8,201 |
Technology support | 5,649 | 6,574 |
General and administrative | 11,324 | 12,718 |
Depreciation and amortization | 653 | 1,711 |
Total operating expenses | 26,796 | 29,204 |
Operating loss | (6,465) | (5,524) |
Interest and other (expense) income: | ||
Interest expense | (1,011) | (1,524) |
Other income | 1,817 | 238 |
Loss before income tax provision | (5,659) | (6,810) |
Income tax provision | 0 | 10 |
Net loss | $ (5,659) | $ (6,820) |
Basic loss per common share (in dollars per share) | $ (0.43) | $ (0.52) |
Diluted loss per common share (in dollars per share) | $ (0.43) | $ (0.52) |
Lead Generation [Member] | ||
Revenues: | ||
Revenue | $ 52,117 | $ 61,129 |
Digital Advertising [Member] | ||
Revenues: | ||
Revenue | 14,142 | 15,441 |
Used Vehicle Sales [Member] | ||
Revenues: | ||
Revenue | 5,326 | 0 |
Cost of revenues | 4,954 | 0 |
Lead Generation and Digital Advertising [Member] | ||
Revenues: | ||
Cost of revenues | $ 46,300 | $ 52,890 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | Common Stock [Member] | Preferred Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Dec. 31, 2019 | 13,146,831 | 0 | |||
Balance at Dec. 31, 2019 | $ 13 | $ 0 | $ 364,028 | $ (342,945) | $ 21,096 |
Share-based compensation | $ 0 | $ 0 | 1,984 | 0 | $ 1,984 |
Issuance of common stock upon exercise of stock options (in shares) | 22,373 | 0 | 22,373 | ||
Issuance of common stock upon exercise of stock options | $ 0 | $ 0 | 75 | 0 | $ 75 |
Net loss | $ 0 | $ 0 | 0 | (6,820) | (6,820) |
Balance (in shares) at Dec. 31, 2020 | 13,169,204 | 0 | |||
Balance at Dec. 31, 2020 | $ 13 | $ 0 | 366,087 | (349,765) | 16,335 |
Share-based compensation | $ 0 | $ 0 | 1,854 | 0 | $ 1,854 |
Issuance of common stock upon exercise of stock options (in shares) | 100,278 | 0 | 100,278 | ||
Issuance of common stock upon exercise of stock options | $ 0 | $ 0 | 227 | 0 | $ 227 |
Net loss | $ 0 | $ 0 | 0 | (5,659) | (5,659) |
Issuance of restricted stock (in shares) | 220,000 | 0 | |||
Balance (in shares) at Dec. 31, 2021 | 13,489,482 | 0 | |||
Balance at Dec. 31, 2021 | $ 13 | $ 0 | $ 368,168 | $ (355,424) | $ 12,757 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Cash flows from operating activities: | ||
Net loss | $ (5,659) | $ (6,820) |
Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
Depreciation and amortization | 2,484 | 3,624 |
Provision for bad debt | (227) | 291 |
Provision for customer credits | 52 | 83 |
Forgiveness of PPP Loan | (1,384) | 0 |
Share-based compensation | 1,854 | 1,984 |
Right-of-use-assets | 899 | 1,426 |
Loss on disposal of assets | 0 | 6 |
Changes in assets and liabilities: | ||
Accounts receivable | 2,697 | 9,722 |
Prepaid expenses and other current assets | (151) | 418 |
Vehicle inventory | (1,076) | 0 |
Other non-current assets | 126 | 19 |
Accounts payable | 306 | (7,279) |
Accrued expenses and other current liabilities | (344) | (325) |
Lease liabilities | (993) | (1,248) |
Net cash (used in) provided by operating activities | (1,416) | 1,901 |
Cash flows from investing activities: | ||
Purchases of property and equipment | (1,719) | (596) |
Purchase of intangible asset | (325) | 0 |
Net cash (used in) investing activities | 2,044 | 596 |
Cash flows from financing activities: | ||
Borrowings under the PPP loan | 0 | 1,384 |
Payments under financing agreement | (61) | (44) |
Net proceeds from stock option exercises | 227 | 75 |
Net cash (used in) provided by financing activities | (18) | 7,856 |
Net (decrease) increase in cash and cash equivalents | (3,478) | 9,161 |
Cash and cash equivalents and restricted cash, beginning of period | 15,107 | 5,946 |
Cash and cash equivalents and restricted cash, end of period | 11,629 | 15,107 |
Reconciliation of cash and cash equivalents and restricted cash | ||
Cash and cash equivalents at beginning of period | 10,803 | 892 |
Restricted cash at beginning of period | 4,304 | 5,054 |
Cash and cash equivalents and restricted cash, beginning of period | 15,107 | 5,946 |
Cash and cash equivalents at end of period | 7,315 | 10,803 |
Restricted cash at end of period | 4,314 | 4,304 |
Cash and cash equivalents and restricted cash, end of period | 11,629 | 15,107 |
Supplemental disclosure of cash flow information: | ||
Cash paid for income taxes | 0 | 1 |
Cash refunds for income taxes | 1 | 849 |
Cash paid for interest | 872 | 845 |
Supplemental schedule of non-cash investing and financing activities: | ||
Right-of-use assets obtained in exchange for operating lease liabilities | 0 | 1,790 |
Financing for the purchase of fixed assets | 166 | 170 |
Purchases on account related to capitalized software | 0 | 99 |
Intangible asset holdback | 75 | 0 |
PNC Credit Agreement [Member] | ||
Cash flows from financing activities: | ||
Borrowings under PNC credit facility | 0 | 28,564 |
Principal payments on PNC credit facility | 0 | (32,308) |
CNC Credit Agreement [Member] | ||
Cash flows from financing activities: | ||
Borrowings under PNC credit facility | 73,719 | 71,072 |
Principal payments on PNC credit facility | (73,903) | (60,887) |
Reconciliation of cash and cash equivalents and restricted cash | ||
Restricted cash at beginning of period | $ 1,000 | |
Restricted cash at end of period | $ 1,000 |
Note 1 - Organization and Opera
Note 1 - Organization and Operations of AutoWeb | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | 1. Organization and Operations of AutoWeb AutoWeb, Inc. (“ AutoWeb Company Dealers Manufacturers third On July 31, 2021 , Tradein Expert Purchase Agreement Seller CarZeus Purchase Transaction August 1, 2021 . The aggregate consideration for the CarZeus Purchase Transaction was $0.4 million in cash. The Purchase Agreement contains representations, warranties, covenants, and conditions the Company believes are customary for a transaction of this size and type, as well as indemnification provisions subject to specified conditions, including a six Holdback Amount August 2, 2021 , February 3rd, 2022, The Company primarily generates revenue through assisting Dealers and Manufacturers by marketing and selling new and used vehicles to consumers through the Company’s programs for online lead and traffic referrals, dealer marketing products and services, and online advertising. The Company also offers automotive consumers an option to sell their used vehicle outside of a dealership location. The Company resells these vehicles indirectly to Dealers through wholesale auctions or through direct Dealer sale. The Company’s consumer-facing websites (“ Company Websites Leads third The Company’s click traffic referral program provides consumers who are shopping for vehicles online with targeted offers based on make, model and geographic location. As these consumers conduct online research on Company Websites or on the site of one one |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | 2. Summary of Significant Accounting Policies Basis of Presentation no Accounting Estimates. U.S. GAAP not Cash and Cash Equivalents. 90 Restricted Cash. 6 Accounts Receivable. not not Allowances for Bad Debts and Customer Credits. no Fair Value of Financial Instruments. three first two may Level 1 Level 2 1 not Level 3 Cash equivalents, restricted cash, accounts receivable, net of allowance, accounts payable and accrued liabilities, are carried at cost, which management believes approximates fair value because of the short-term maturity of these instruments. Concentration of Credit Risk and Risks Due to Significant Customers. two may If there is a decline in the general economic environment that negatively affects the financial condition of the Company’s customers or an increase in the number of customers that are dissatisfied with our services, additional estimated allowances for bad debts and customer credits may The Company has a concentration of credit risk with the Company’s automotive industry related accounts receivable balances, particularly with Carat Detroit (General Motors), Urban Science Applications (which represents several Manufacturer programs), Autodata Solutions and Shift Digital. During and for the year ended December 31, 2021, four % of % of Customers Revenue Account Receivable Carat Detroit 12 % 20 % Urban Science Applications 12 % 18 % Autodata Solutions 13 % 16 % Shift Digital 6 % 10 % Total 43 % 64 % During 2020, four December 31, 2020. % of % of Customers Revenue Account Receivable Carat Detroit 12 % 19 % Ford Direct 11 % 16 % Urban Science Applications 12 % 15 % Autodata Solutions 11 % 12 % Total 46 % 62 % Property and Equipment. three Vehicle inventory. Operating Leases. 2025, one 2021. The lease term begins on the date of initial possession of the leased property for purposes of recognizing rent expense on a straight-line basis over the term of the lease. Lease renewal periods are considered on a lease-by-lease basis and are generally not Capitalized Internal Use Software and Website Development Costs. 350 40, 350 50, three five December 31, 2021 2020, Indefinite-lived intangible assets 2015 2021, may first not not not Impairment of Long-Lived Assets and Intangible Assets. may not not 2021 2020, Cost of Revenues lead generation and digital advertising. SEM third SEO Cost of Revenues used vehicle sales. December 31, 2021 July 31, 2021, August 1, 2021. Income Taxes. not In response to the coronavirus pandemic, the Coronavirus Aid, Relief and Economic Security (“ CARES March 2020. 2017 TCJA may 2018 2020 five not 80% 2018, 2019 2020. Taxpayers may 50% 30% January 1, 2019 2020. 2020 not December 31, 2021, December 31, 2021. Computation of Basic and Diluted Net Loss per Share. Share amounts utilized to compute the basic and diluted net loss per share are as follows: 2021 2020 Basic Shares: Weighted average common shares outstanding 13,299,824 13,144,314 Weighted average common shares repurchased — — Basic Shares 13,299,824 13,144,314 Diluted Shares: Basic Shares 13,299,824 13,144,314 Weighted average dilutive securities — — Dilutive Shares 13,299,824 13,144,314 For the years ended December 31, 2021 2020, 6,000 December 31, 2021 2020, Share-Based Compensation. Awards RSAs Plans 9 Restricted stock fair value is measured on the grant date based on the quoted market price of the Company’s common stock, and the stock option fair value is estimated on the grant date using the Black-Scholes option pricing model based on the underlying common stock closing price as of the date of grant, the expected term, stock price volatility and risk-free interest rates. Business Segment. July 31, 2021, two Advertising Expense. December 31, 2021 2020 Recent Accounting Pronouncements The Company has reviewed all recently issued accounting pronouncements and concluded that they were either not not |
Note 3 - Revenue Recognition
Note 3 - Revenue Recognition | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 3. Revenue Recognition Revenue is recognized when the Company transfers control of promised goods or services to the Company’s customers, or when the Company satisfies any performance obligations under contract. The amount of revenue recognized reflects the consideration the Company expects to be entitled to in exchange for respective goods or services provided. Further, under ASC 606, The Company performs the following steps in order to properly determine revenue recognition and identify relevant contract assets and contract liabilities: ● identify the contract with a customer; ● identify the performance obligations in the contract; ● determine the transaction price; ● allocate the transaction price to the performance obligations in the contract; and ● recognize revenue when, or as, the Company satisfies a performance obligation. The Company earns revenue by providing lead generation, digital advertising, mobile products and services and used vehicles acquisition and resale. The Company enters into contracts that can include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. The Company records revenue on distinct performance obligations at a single point in time, when control is transferred to the customer. The Company has three ● Lead generation – Paid by Dealers and Manufacturers participating in the Company’s Lead programs and are comprised of Lead transaction and/or monthly subscription fees. Lead fees are recognized in the period when service is provided. ● Digital Advertising – Fees paid by Dealers and Manufacturers and other third not ● Used Vehicle Sales – Used vehicles acquired by Tradein Expert are predominately resold wholesale direct to Dealers or indirectly though wholesale auctions. Revenue from the sale of these vehicles is recognized upon transfer of title of the vehicle to the Company's wholesale customer. Variable Consideration Leads are generally sold with a right-of-return for services that do not may December 31, 2021 2020, See further discussion below on significant judgments exercised by the Company in regard to variable consideration. Unbilled Revenue Timing of revenue recognition may may not not December 31, 2021 2020, not Deferred Revenue The Company defers the recognition of revenue when cash payments are received or due in advance of satisfying its performance obligations, including amounts which are refundable. Such activity is not zero December 31, 2021, 2020. 30 60 Practical Expedients and Exemptions The Company excludes from the transaction price all sales taxes related to revenue producing transactions collected from the customer for a governmental authority. The Company applies the new revenue standard requirements to a portfolio of contracts (or performance obligations) with similar characteristics for transactions where it is expected that the effects of applying the revenue recognition guidance to the portfolio would not one Significant Judgments The Company provides Dealers and Manufacturers with various opportunities to market their vehicles to potential vehicle buyers, namely via consumer lead and click traffic referrals and online advertising products and services. Proper revenue recognition of digital marketing activities, as well as proper recognition of assets and liabilities related to these activities, requires management to exercise significant judgment with the following items: ● Arrangements with Multiple Performance Obligations The Company enters into contracts with customers that can include multiple products and services. Determining whether products and/or services are distinct performance obligations that should be accounted for singularly or separately may ● Variable Consideration and Customer Credits The Company’s products are generally sold with a right-of-return. Additionally, the Company will sometimes provide customer credits or sales incentives. These items are accounted for as variable consideration when determining the allocation of the transaction price to performance obligations under a contract. The allowance for customer credits is an estimate of adjustments for services that do not As specific customer credits are identified, they are charged against this allowance with no not December 31, 2021 2020. Disaggregation of Revenue The Company disaggregates revenue from contracts with customers by revenue source and has determined that disaggregating revenue into these categories sufficiently depicts the differences in the nature, amount, timing, and uncertainty of its revenue streams. The following table summarizes revenue from contracts with customers, disaggregated by revenue source, for the years ended December 31, 2021 2020. Years Ended December 31, 2021 2020 (in thousands) Lead generation $ 52,117 $ 61,129 Digital advertising Clicks 11,674 13,058 Display and other advertising 2,468 2,383 Used vehicle sales 5,326 — Total revenues $ 71,585 $ 76,570 |
Note 4 - Disposals
Note 4 - Disposals | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | 4. Disposals Disposal of Specialty Finance Leads Product In December 2016, Internet Brands Transition Agreement five December 31, 2021 2020, January 2022. |
Note 5 - Selected Balance Sheet
Note 5 - Selected Balance Sheet Accounts | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Additional Financial Information Disclosure [Text Block] | 5. Selected Balance Sheet Accounts Property and equipment consist of the following: As of December 31, 2021 2020 (in thousands) Computer software and hardware $ 5,008 $ 4,940 Capitalized internal use software 8,362 7,391 Furniture and equipment 1,105 935 Leasehold improvements 883 884 Construction in progress 1,478 805 16,836 14,955 Less—Accumulated depreciation and amortization (12,983 ) (12,002 ) Property and equipment, net $ 3,853 $ 2,953 As of December 31, 2021 2020, December 31, 2021. December 31, 2020. The Company amortizes specifically identified definite-lived intangible assets using the straight-line method over the estimated useful lives of the assets. The Company’s intangible assets will be amortized over the following estimated useful lives (in thousands): December 31, 2021 December 31, 2020 Intangible Asset Estimated Useful Life (in years) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Trademarks/trade names/licenses/ domains 3 – 7 $ 16,589 $ (16,372 ) $ 217 $ 16,589 $ (15,961 ) $ 628 Developed technology 5 – 7 8,955 (8,138 ) 817 8,955 (7,050 ) 1,905 $ 25,544 $ (24,510 ) $ 1,034 $ 25,544 $ (23,011 ) $ 2,533 December 31, 2021 December 31, 2020 Indefinite-lived Intangible Asset Estimated Useful Life Gross Accumulated Amortization Net Gross Accumulated Amortization Net Domain Indefinite $ 2,600 $ — $ 2,600 $ 2,200 $ — $ 2,200 Amortization expense is included in “Cost of revenues” and “Depreciation and amortization” in the Consolidated Statements of Operations. Amortization expense was $1.5 million and $2.4 million, in 2021 2020, three Year Amortization Expense (in thousands) 2022 $ 902 2023 86 2024 46 $ 1,034 As of December 31, 2021, 2020, As of December 31, 2021 2020 (in thousands) Accrued employee related benefits $ 1,782 $ 2,123 Other accrued expenses and other current liabilities: Other accrued expenses 201 143 Amounts due to customers 77 94 Other current liabilities 332 301 Total other accrued expenses and other current liabilities 610 538 Total accrued expenses and other current liabilities $ 2,392 $ 2,661 |
Note 6 - Debt
Note 6 - Debt | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 6. Debt On March 26, 2020, CNC Credit Agreement Agent first As of December 31, 2021, June 29, 2020, December 2020. On July 30, 2021, Credit Facility Second Amendment August 12, 2021. On September 13, 2021, Credit Facility Third Amendment $3,000,000 eighty fifty forty Financing costs related to the CNC Credit Agreement, net of accumulated amortization, of approximately $0.3 million, have been deferred over the initial term of the loan and are included in other assets as of December 31, 2021. 1 2 one not no may no no If, due to any circumstance affecting the London interbank market, the Agent determines that adequate and fair means do not two not no If the Agent determines that for any reason (i) dollar deposits are not not not However, if Agent determines that (i) adequate and reasonable means do not no Scheduled Unavailability Date may LIBOR Successor Rate 50% not no x no 1/2 1%; 1%. March 26, 2023. On April 16, 2020, PPP Loan SBA May 18, 2020, On January 13, 2021, 2020. January 2021, On June 10, 2020, thirty-six Financing Agreement December 31, 2021, December 31, 2022. The Company’s future commitments under the Financing Agreement as of December 31, 2021, Year 2022 64 Total financing debt $ 64 |
Note 7 - Commitments and Contin
Note 7 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 7 . Commitments and Contingencies Operating Leases The Company determines if an arrangement is a lease at inception. Right-of-use (“ ROU not five not may The Company had a weighted average remaining lease term of 2.1 December 31, 2021. 3.0 December 31, 2020. Lease Liabilities Lease liabilities as of December 31, 2021, Current portion of lease liabilities $ 781 Long-term lease liabilities, net of current portion 1,432 Total lease liabilities $ 2,213 The Company leases its facilities and certain office equipment under operating leases which expire on various dates through 2025. one Years Ending December 31, 2022 895 2023 806 2024 528 2025 197 Total minimum lease payments 2,426 Less imputed interest (213 ) Total lease liabilities 2,213 Operating lease cost was $1.2 million and $1.7 million for the years ended December 31, 2021, 2020, Employment Agreements The Company has employment agreements and severance benefits agreements with certain key employees. A number of these agreements require severance payments and continuation of certain insurance benefits in the event of a termination of the employee’s employment by the Company without cause or by the employee for good reason (as defined in these agreements). Stock option agreements and restricted stock award agreements with some key employees provide for acceleration of vesting of stock options and lapsing of forfeiture restrictions on restricted stock in the event of a change in control of the Company, upon termination of employment by the Company without cause or by the employee for good reason, or upon the employee’s death or disability. Litigation From time to time, the Company may not may not 10 not |
Note 8 - Retirement Savings Pla
Note 8 - Retirement Savings Plan | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Postemployment Benefits Disclosure [Text Block] | 8. Retirement Savings Plan The Company has a retirement savings plan which qualifies as a deferred salary arrangement under Section 401 1986, IRC 401 401 21 forty-five 401 100% not 401 not December 31, 2021. December 31, 2020, |
Note 9 - Stockholders' Equity
Note 9 - Stockholders' Equity | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Shareholders' Equity and Share-based Payments [Text Block] | 9. Stockholders Equity Stock-Based Incentive Plans The Company has established plans that provide for stock-based awards (“ Awards RSAs June 21, 2018, may 2018 December 31, 2021, 1.6 may Share-based compensation expense is included in costs and expenses in the Consolidated Statements of Operations as follows: Years Ended December 31, 2021 2020 (in thousands) Share-based compensation expense: Cost of revenues $ — $ — Sales and marketing 149 116 Technology support 33 81 General and administrative 1,672 1,787 Share-based compensation expense 1,854 1,984 Amount capitalized to internal use software — — Total share-based compensation expense $ 1,854 $ 1,984 Stock Options The fair value of stock options is estimated on the grant date using the Black-Scholes option pricing model based on the underlying common stock closing price as of the date of grant, the expected term, stock price volatility and risk-free interest rates. The expected risk-free interest rate is based on United States Treasury yield for a term consistent with the expected life of the stock option in effect at the time of grant. Expected volatility is based on the Company’s historical experience for a period equal to the expected life. The Company has used historical volatility because it has limited, or no not not no The Company grants stock options at exercise prices that are not seven ten one third first twenty-four may Awards granted under the Company’s stock option plans were estimated to have a weighted average grant date fair value of $1.96 and $1.27 for the years ended December 31, 2021 2020, Years Ended December 31, 2021 2020 Expected volatility 95 % 74 % Expected risk-free interest rate 0.8 % 0.9 % Expected life (years) 4.8 4.6 A summary of the Company’s outstanding stock options as of December 31, 2021, Number of Options Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (years) (thousands) Outstanding at December 31, 2020 3,758,670 $ 4.26 4.7 $ 270 Granted 957,000 2.65 Exercised (100,278 ) 2.27 75 Forfeited or expired (234,044 ) 6.14 Outstanding at December 31, 2021 4,381,348 3.85 4.3 1,662 Vested and expected to vest at December 31, 2021 4,269,151 $ 3.88 4.2 $ 1,586 Exercisable at December 31, 2021 2,889,095 $ 4.42 3.6 $ 701 Service-Based Options. December 31, 2021 2020, December 31, 2021, Stock option exercises 2021, 2020, 2021 2020 Market Condition Options. August 2019, 2018 $5.00 10 December 31, 2021, not seven December 31, 2021, Restricted Stock Awards. first 2021 one third second third may December 31, 2021, 2.2 Options and Warrants Outstanding and Shares Available for New Awards Under Stockholder-Approved Plans As of December 31, 2021, Number of Shares Stock options outstanding 4,381,348 Authorized for future Award grants under stockholder-approved stock-based incentive plans 1,553,142 Warrants outstanding 1,482,400 Total 7,416,890 Tax Benefit Preservation Plan The Company’s Tax Benefit Preservation Plan dated as of May 26, 2010 No. 1 April 14, 2014, No. 2 April 13, 2017, No. 3 March 31, 2020, 11 July 12, 2012 ( Tax Benefit Preservation Plan Tax Benefits Rights five one one may two May 26, 2023 382 no no may 382 no 2020 May 26, 2023 Warrant On October 1, 2015 (“ AWI Merger Date Merger Sub AWI The warrant to purchase up to 148,240 shares of Series B Preferred Stock issued in connection with the acquisition of AWI (“ AWI Warrant 1.9%, 74.0% 7.0 June 22, 2017, October 1, 2018, first one third $30.00; second one third $37.50; one third October 1, 2022. Stock Repurchases On June 7, 2012, September 17, 2014 September 6, 2017, may not may No 2021 2020. December 31, 2021, |
Note 10 - Income Taxes
Note 10 - Income Taxes | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 10. Income Taxes The components of loss before income tax provision are as follows for the years ended December 31: 2021 2020 United States $ (5,911 ) $ (7,089 ) International 252 279 Total loss before income tax provision $ (5,659 ) $ (6,810 ) Income tax expense (benefit) from continuing operations consists of the following for the years ended December 31: 2021 2020 (in thousands) Current: Federal $ — $ — State — 10 Foreign — — — 10 Deferred: Federal 1,216 (562 ) State 315 (159 ) Foreign — — 1,531 (721 ) Change in federal tax rate — — Valuation allowance (1,531 ) 721 Total income tax expense (benefit) $ — $ 10 The reconciliations of the U.S. federal statutory rate to the effective income tax rate for the years ended December 31, 2021, 2020, 2021 2020 Tax provision at U.S. federal statutory rates 21.0 % 21.0 % State income taxes net of federal benefit (5.5 ) 2.1 Deferred tax asset adjustments – NOL related 0.0 0.0 Non-deductible permanent items (1.1 ) (1.1 ) Stock options (4.3 ) (28.0 ) PPP Debt Forgiveness 4.9 0.0 Change in valuation allowance (15.2 ) 5.8 Effective income tax rate (0.2 )% (0.2 )% Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred taxes as of December 31, 2021 2020 2021 2020 (in thousands) Deferred tax assets: Allowance for doubtful accounts $ 26 $ 103 Accrued liabilities 357 412 Net operating loss carryforwards 26,478 24,798 Intangible assets 3,883 4,259 Share-based compensation expense 365 228 Other 1,418 1,370 Total gross deferred tax assets 32,527 31,181 Valuation allowance (31,979 ) (30,447 ) Total deferred tax assets 548 734 Deferred tax liabilities: Right of use assets (509 ) (733 ) Fixed assets (39 ) — Other — (1 ) Total gross deferred tax liabilities (548 ) (734 ) Net deferred tax assets $ — $ — During 2021 2020, not 2021 2020, not not In response to the coronavirus pandemic, the CARES Act was signed into law in March 2020. may NOL s 2018 2020 five not 80% 2018, 2019 2020. The CARES Act lifts certain deduction limitations originally imposed by the TCJA. Corporate taxpayers may 2018 2020 five not 80% 2018, 2019 2020. The CARES Act in part provides for an employee retention credit, which is a refundable tax credit against certain employment taxes equal to 50% March 2022, On December 27, 2020, 2021 Act $1.4M January 2021 On December 31, 2021, not 2025 2035, The federal NOLs expire through 2035 2025 $ 4.2 2026 25.5 2027 15.5 2028 5.2 2029 7.7 2030 10.6 2031 1.3 2032 — 2033 0.1 2034 2.5 2035 1.5 Do not expire 36.7 $ 110.7 The state NOLs expire through 2040 2028 $ 2.6 2029 5.8 2030 11.0 2034 1.4 2035 0.8 2038 2.3 2039 2.2 2040 0.6 0.8 California NOLs 27.6 Other State NOLs 28.1 Total State NOLs $ 55.7 Utilization of the NOLs and tax credit carryforwards may may 382 may 382 2006 December 31, 2021. At December 31, 2021, not As of December 31, 2021, 2020, 2021 2020 (in thousands) Balance at January 1, $ 189 $ 464 Reductions based on tax positions related to prior years and settlements - (275 ) Balance at December 31, $ 189 $ 189 The Company is subject to taxation in the United States and various foreign and state jurisdictions. In general, the Company is no 2018 2017, 2018 may not twelve The Company’s policy is to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. The Company has not December 31, 2021, 2020. |
Note 11 - Business Segment Info
Note 11 - Business Segment Information | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 11. Business Segment Information As a result of the CarZeus Purchase Transaction on July 31, 2021, 1. The performance of the segments is reviewed by the chief executive officer at the operating income (loss) level. The following table provides segment reporting of the Company for the year ended December 31, 2021: Year Ended December 31, 2021 (In thousands) Automotive digital marketing Used vehicle acquisition & resale Total Revenues $ 66,259 $ 5,326 $ 71,585 Cost of sales 46,300 4,954 51,254 Gross profit 19,959 372 20,331 Operating loss 6,022 443 6,465 Total assets 33,122 2,010 35,132 |
Schedule II - Valuation and Qua
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS Years Ended December 31, 2021 2020 (in thousands) Allowance for bad debts: Beginning balance $ 342 $ 546 Adjustments (228 ) 470 Write-offs (40 ) (674 ) Ending balance $ 74 $ 342 Allowance for customer credits: Beginning balance $ 64 $ 194 Adjustments 31 (26 ) Write-offs (68 ) (104 ) Ending balance $ 27 $ 64 Tax valuation allowance: Beginning balance $ 30,447 $ 31,168 Charged (credited) to tax expense 1,532 (721 ) Charged (credited) to retained earnings — — Ending balance $ 31,979 $ 30,447 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation no |
Use of Estimates, Policy [Policy Text Block] | Accounting Estimates. U.S. GAAP not |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents. 90 |
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] | Restricted Cash. 6 |
Accounts Receivable [Policy Text Block] | Accounts Receivable. not not |
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block] | Allowances for Bad Debts and Customer Credits. no |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments. three first two may Level 1 Level 2 1 not Level 3 Cash equivalents, restricted cash, accounts receivable, net of allowance, accounts payable and accrued liabilities, are carried at cost, which management believes approximates fair value because of the short-term maturity of these instruments. |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk and Risks Due to Significant Customers. two may If there is a decline in the general economic environment that negatively affects the financial condition of the Company’s customers or an increase in the number of customers that are dissatisfied with our services, additional estimated allowances for bad debts and customer credits may The Company has a concentration of credit risk with the Company’s automotive industry related accounts receivable balances, particularly with Carat Detroit (General Motors), Urban Science Applications (which represents several Manufacturer programs), Autodata Solutions and Shift Digital. During and for the year ended December 31, 2021, four % of % of Customers Revenue Account Receivable Carat Detroit 12 % 20 % Urban Science Applications 12 % 18 % Autodata Solutions 13 % 16 % Shift Digital 6 % 10 % Total 43 % 64 % During 2020, four December 31, 2020. % of % of Customers Revenue Account Receivable Carat Detroit 12 % 19 % Ford Direct 11 % 16 % Urban Science Applications 12 % 15 % Autodata Solutions 11 % 12 % Total 46 % 62 % |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment. three |
Inventory, Policy [Policy Text Block] | Vehicle inventory. |
Lessee, Leases [Policy Text Block] | Operating Leases. 2025, one 2021. The lease term begins on the date of initial possession of the leased property for purposes of recognizing rent expense on a straight-line basis over the term of the lease. Lease renewal periods are considered on a lease-by-lease basis and are generally not |
Research, Development, and Computer Software, Policy [Policy Text Block] | Capitalized Internal Use Software and Website Development Costs. 350 40, 350 50, three five December 31, 2021 2020, |
Goodwill and Intangible Assets, Intangible Assets, Indefinite-Lived, Policy [Policy Text Block] | Indefinite-lived intangible assets 2015 2021, may first not not not |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Impairment of Long-Lived Assets and Intangible Assets. may not not 2021 2020, |
Cost of Goods and Service [Policy Text Block] | Cost of Revenues lead generation and digital advertising. SEM third SEO Cost of Revenues used vehicle sales. December 31, 2021 July 31, 2021, August 1, 2021. |
Income Tax, Policy [Policy Text Block] | Income Taxes. not In response to the coronavirus pandemic, the Coronavirus Aid, Relief and Economic Security (“ CARES March 2020. 2017 TCJA may 2018 2020 five not 80% 2018, 2019 2020. Taxpayers may 50% 30% January 1, 2019 2020. 2020 not December 31, 2021, December 31, 2021. |
Earnings Per Share, Policy [Policy Text Block] | Computation of Basic and Diluted Net Loss per Share. Share amounts utilized to compute the basic and diluted net loss per share are as follows: 2021 2020 Basic Shares: Weighted average common shares outstanding 13,299,824 13,144,314 Weighted average common shares repurchased — — Basic Shares 13,299,824 13,144,314 Diluted Shares: Basic Shares 13,299,824 13,144,314 Weighted average dilutive securities — — Dilutive Shares 13,299,824 13,144,314 For the years ended December 31, 2021 2020, 6,000 December 31, 2021 2020, |
Share-based Payment Arrangement [Policy Text Block] | Share-Based Compensation. Awards RSAs Plans 9 Restricted stock fair value is measured on the grant date based on the quoted market price of the Company’s common stock, and the stock option fair value is estimated on the grant date using the Black-Scholes option pricing model based on the underlying common stock closing price as of the date of grant, the expected term, stock price volatility and risk-free interest rates. |
Segment Reporting, Policy [Policy Text Block] | Business Segment. July 31, 2021, two |
Advertising Cost [Policy Text Block] | Advertising Expense. December 31, 2021 2020 |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements The Company has reviewed all recently issued accounting pronouncements and concluded that they were either not not |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | % of % of Customers Revenue Account Receivable Carat Detroit 12 % 20 % Urban Science Applications 12 % 18 % Autodata Solutions 13 % 16 % Shift Digital 6 % 10 % Total 43 % 64 % % of % of Customers Revenue Account Receivable Carat Detroit 12 % 19 % Ford Direct 11 % 16 % Urban Science Applications 12 % 15 % Autodata Solutions 11 % 12 % Total 46 % 62 % |
Schedule of Weighted Average Number of Shares [Table Text Block] | 2021 2020 Basic Shares: Weighted average common shares outstanding 13,299,824 13,144,314 Weighted average common shares repurchased — — Basic Shares 13,299,824 13,144,314 Diluted Shares: Basic Shares 13,299,824 13,144,314 Weighted average dilutive securities — — Dilutive Shares 13,299,824 13,144,314 |
Note 3 - Revenue Recognition (T
Note 3 - Revenue Recognition (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Years Ended December 31, 2021 2020 (in thousands) Lead generation $ 52,117 $ 61,129 Digital advertising Clicks 11,674 13,058 Display and other advertising 2,468 2,383 Used vehicle sales 5,326 — Total revenues $ 71,585 $ 76,570 |
Note 5 - Selected Balance She_2
Note 5 - Selected Balance Sheet Accounts (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | As of December 31, 2021 2020 (in thousands) Computer software and hardware $ 5,008 $ 4,940 Capitalized internal use software 8,362 7,391 Furniture and equipment 1,105 935 Leasehold improvements 883 884 Construction in progress 1,478 805 16,836 14,955 Less—Accumulated depreciation and amortization (12,983 ) (12,002 ) Property and equipment, net $ 3,853 $ 2,953 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | December 31, 2021 December 31, 2020 Intangible Asset Estimated Useful Life (in years) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Trademarks/trade names/licenses/ domains 3 – 7 $ 16,589 $ (16,372 ) $ 217 $ 16,589 $ (15,961 ) $ 628 Developed technology 5 – 7 8,955 (8,138 ) 817 8,955 (7,050 ) 1,905 $ 25,544 $ (24,510 ) $ 1,034 $ 25,544 $ (23,011 ) $ 2,533 |
Schedule of Indefinite-Lived Intangible Assets [Table Text Block] | December 31, 2021 December 31, 2020 Indefinite-lived Intangible Asset Estimated Useful Life Gross Accumulated Amortization Net Gross Accumulated Amortization Net Domain Indefinite $ 2,600 $ — $ 2,600 $ 2,200 $ — $ 2,200 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Year Amortization Expense (in thousands) 2022 $ 902 2023 86 2024 46 $ 1,034 |
Schedule of Accrued Liabilities [Table Text Block] | As of December 31, 2021 2020 (in thousands) Accrued employee related benefits $ 1,782 $ 2,123 Other accrued expenses and other current liabilities: Other accrued expenses 201 143 Amounts due to customers 77 94 Other current liabilities 332 301 Total other accrued expenses and other current liabilities 610 538 Total accrued expenses and other current liabilities $ 2,392 $ 2,661 |
Note 6 - Debt (Tables)
Note 6 - Debt (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Maturities of Long-term Debt [Table Text Block] | Year 2022 64 Total financing debt $ 64 |
Note 7 - Commitments and Cont_2
Note 7 - Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Assets and Liabilities, Lessee [Table Text Block] | Current portion of lease liabilities $ 781 Long-term lease liabilities, net of current portion 1,432 Total lease liabilities $ 2,213 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Years Ending December 31, 2022 895 2023 806 2024 528 2025 197 Total minimum lease payments 2,426 Less imputed interest (213 ) Total lease liabilities 2,213 |
Note 9 - Stockholders' Equity (
Note 9 - Stockholders' Equity (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | Years Ended December 31, 2021 2020 (in thousands) Share-based compensation expense: Cost of revenues $ — $ — Sales and marketing 149 116 Technology support 33 81 General and administrative 1,672 1,787 Share-based compensation expense 1,854 1,984 Amount capitalized to internal use software — — Total share-based compensation expense $ 1,854 $ 1,984 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Years Ended December 31, 2021 2020 Expected volatility 95 % 74 % Expected risk-free interest rate 0.8 % 0.9 % Expected life (years) 4.8 4.6 |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Number of Options Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (years) (thousands) Outstanding at December 31, 2020 3,758,670 $ 4.26 4.7 $ 270 Granted 957,000 2.65 Exercised (100,278 ) 2.27 75 Forfeited or expired (234,044 ) 6.14 Outstanding at December 31, 2021 4,381,348 3.85 4.3 1,662 Vested and expected to vest at December 31, 2021 4,269,151 $ 3.88 4.2 $ 1,586 Exercisable at December 31, 2021 2,889,095 $ 4.42 3.6 $ 701 |
Schedule of Warrants or Rights and Share-based Compensation Arrangement [Table Text Block] | Number of Shares Stock options outstanding 4,381,348 Authorized for future Award grants under stockholder-approved stock-based incentive plans 1,553,142 Warrants outstanding 1,482,400 Total 7,416,890 |
Note 10 - Income Taxes (Tables)
Note 10 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | 2021 2020 United States $ (5,911 ) $ (7,089 ) International 252 279 Total loss before income tax provision $ (5,659 ) $ (6,810 ) |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | 2021 2020 (in thousands) Current: Federal $ — $ — State — 10 Foreign — — — 10 Deferred: Federal 1,216 (562 ) State 315 (159 ) Foreign — — 1,531 (721 ) Change in federal tax rate — — Valuation allowance (1,531 ) 721 Total income tax expense (benefit) $ — $ 10 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 2021 2020 Tax provision at U.S. federal statutory rates 21.0 % 21.0 % State income taxes net of federal benefit (5.5 ) 2.1 Deferred tax asset adjustments – NOL related 0.0 0.0 Non-deductible permanent items (1.1 ) (1.1 ) Stock options (4.3 ) (28.0 ) PPP Debt Forgiveness 4.9 0.0 Change in valuation allowance (15.2 ) 5.8 Effective income tax rate (0.2 )% (0.2 )% |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 2021 2020 (in thousands) Deferred tax assets: Allowance for doubtful accounts $ 26 $ 103 Accrued liabilities 357 412 Net operating loss carryforwards 26,478 24,798 Intangible assets 3,883 4,259 Share-based compensation expense 365 228 Other 1,418 1,370 Total gross deferred tax assets 32,527 31,181 Valuation allowance (31,979 ) (30,447 ) Total deferred tax assets 548 734 Deferred tax liabilities: Right of use assets (509 ) (733 ) Fixed assets (39 ) — Other — (1 ) Total gross deferred tax liabilities (548 ) (734 ) Net deferred tax assets $ — $ — |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | 2021 2020 (in thousands) Balance at January 1, $ 189 $ 464 Reductions based on tax positions related to prior years and settlements - (275 ) Balance at December 31, $ 189 $ 189 |
Domestic Tax Authority [Member] | |
Notes Tables | |
Summary of Operating Loss Carryforwards [Table Text Block] | 2025 $ 4.2 2026 25.5 2027 15.5 2028 5.2 2029 7.7 2030 10.6 2031 1.3 2032 — 2033 0.1 2034 2.5 2035 1.5 Do not expire 36.7 $ 110.7 2028 $ 2.6 2029 5.8 2030 11.0 2034 1.4 2035 0.8 2038 2.3 2039 2.2 2040 0.6 0.8 California NOLs 27.6 Other State NOLs 28.1 Total State NOLs $ 55.7 |
Note 11 - Business Segment In_2
Note 11 - Business Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] | Year Ended December 31, 2021 (In thousands) Automotive digital marketing Used vehicle acquisition & resale Total Revenues $ 66,259 $ 5,326 $ 71,585 Cost of sales 46,300 4,954 51,254 Gross profit 19,959 372 20,331 Operating loss 6,022 443 6,465 Total assets 33,122 2,010 35,132 |
Schedule II - Valuation and Q_2
Schedule II - Valuation and Qualifying Accounts (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Valuation Allowances and Reserves [Table Text Block] | Years Ended December 31, 2021 2020 (in thousands) Allowance for bad debts: Beginning balance $ 342 $ 546 Adjustments (228 ) 470 Write-offs (40 ) (674 ) Ending balance $ 74 $ 342 Allowance for customer credits: Beginning balance $ 64 $ 194 Adjustments 31 (26 ) Write-offs (68 ) (104 ) Ending balance $ 27 $ 64 Tax valuation allowance: Beginning balance $ 30,447 $ 31,168 Charged (credited) to tax expense 1,532 (721 ) Charged (credited) to retained earnings — — Ending balance $ 31,979 $ 30,447 |
Note 1 - Organization and Ope_2
Note 1 - Organization and Operations of AutoWeb (Details Textual) - CarZeus Purchase Transaction [Member] - USD ($) $ in Millions | Aug. 02, 2021 | Jul. 31, 2021 | Feb. 03, 2022 |
Business Combination, Consideration Transferred, Total | $ 0.4 | ||
Business Acquisition, Holdback Amount | $ 0.1 | ||
Payments to Acquire Businesses, Gross | $ 0.3 | ||
Subsequent Event [Member] | |||
Business Acquisition, Holdback Amount, Paid | $ 0.1 |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021USD ($)shares | Dec. 31, 2020USD ($)shares | |
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 71,585 | $ 76,570 |
Number of Major Customers | 4 | |
Property, Plant and Equipment, Useful Life (Year) | 3 years | |
Operating Lease, Payments | $ 100 | |
Capitalized Computer Software, Additions | $ 1,000 | $ 1,500 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | shares | 267,000 | 6,000 |
Number of Reportable Segments | 2 | |
Advertising Expense | $ 800 | $ 300 |
Minimum [Member] | ||
Capitalized Computer Software, Useful Life (Year) | 3 years | |
Maximum [Member] | ||
Capitalized Computer Software, Useful Life (Year) | 5 years | |
Four Customers [Member] | ||
Accounts Receivable, before Allowance for Credit Loss | $ 8,600 | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Four Customers [Member] | ||
Concentration Risk, Percentage | 43.00% | 46.00% |
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 30,900 | |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | ||
Number of Major Customers | 4 | |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Four Customers [Member] | ||
Concentration Risk, Percentage | 64.00% | 62.00% |
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 7,300 |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Concentration of Credit Risk (Details) - Customer Concentration Risk [Member] | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Revenue Benchmark [Member] | Carat Detroit [Member] | ||
Concentration Risk, Percentage | 12.00% | 12.00% |
Concentration risk, percent of account receivable | 12.00% | 12.00% |
Revenue Benchmark [Member] | Urban Science Applications [Member] | ||
Concentration Risk, Percentage | 12.00% | 12.00% |
Concentration risk, percent of account receivable | 12.00% | 12.00% |
Revenue Benchmark [Member] | Ford Direct [Member] | ||
Concentration Risk, Percentage | 11.00% | |
Concentration risk, percent of account receivable | 11.00% | |
Revenue Benchmark [Member] | Autodata Solutions [Member] | ||
Concentration Risk, Percentage | 13.00% | 11.00% |
Concentration risk, percent of account receivable | 13.00% | 11.00% |
Revenue Benchmark [Member] | Shift Digital [Member] | ||
Concentration Risk, Percentage | 6.00% | |
Concentration risk, percent of account receivable | 6.00% | |
Revenue Benchmark [Member] | Four Customers [Member] | ||
Concentration Risk, Percentage | 43.00% | 46.00% |
Concentration risk, percent of account receivable | 43.00% | 46.00% |
Accounts Receivable [Member] | Carat Detroit [Member] | ||
Concentration Risk, Percentage | 20.00% | 19.00% |
Concentration risk, percent of account receivable | 20.00% | 19.00% |
Accounts Receivable [Member] | Urban Science Applications [Member] | ||
Concentration Risk, Percentage | 18.00% | 15.00% |
Concentration risk, percent of account receivable | 18.00% | 15.00% |
Accounts Receivable [Member] | Ford Direct [Member] | ||
Concentration Risk, Percentage | 16.00% | |
Concentration risk, percent of account receivable | 16.00% | |
Accounts Receivable [Member] | Autodata Solutions [Member] | ||
Concentration Risk, Percentage | 16.00% | 12.00% |
Concentration risk, percent of account receivable | 16.00% | 12.00% |
Accounts Receivable [Member] | Shift Digital [Member] | ||
Concentration Risk, Percentage | 10.00% | |
Concentration risk, percent of account receivable | 10.00% | |
Accounts Receivable [Member] | Four Customers [Member] | ||
Concentration Risk, Percentage | 64.00% | 62.00% |
Concentration risk, percent of account receivable | 64.00% | 62.00% |
Note 2 - Summary of Significa_5
Note 2 - Summary of Significant Accounting Policies - Computation of Basic and Diluted Net Loss Per Share (Details) - shares | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Basic Shares: | ||
Weighted average common shares outstanding (in shares) | 13,299,824 | 13,144,314 |
Basic Shares (in shares) | 13,299,824 | 13,144,314 |
Diluted Shares: | ||
Basic Shares (in shares) | 13,299,824 | 13,144,314 |
Dilutive Shares (in shares) | 13,299,824 | 13,144,314 |
Note 3 - Revenue Recognition (D
Note 3 - Revenue Recognition (Details Textual) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Contract with Customer, Asset, Allowance for Credit Loss, Ending Balance | $ 27,000 | $ 64,000 |
Unbilled Receivables, Current | 4,600,000 | 3,400,000 |
Contract with Customer, Liability, Total | $ 0 | $ 0 |
Note 3 - Revenue Recognition -
Note 3 - Revenue Recognition - Revenue From Contracts (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Revenue | $ 71,585 | $ 76,570 |
Lead Generation [Member] | ||
Revenue | 52,117 | 61,129 |
Click Advertising [Member] | ||
Revenue | 11,674 | 13,058 |
Display And Other Advertising [Member] | ||
Revenue | 2,468 | 2,383 |
Used Vehicle Sales [Member] | ||
Revenue | $ 5,326 | $ 0 |
Note 4 - Disposals (Details Tex
Note 4 - Disposals (Details Textual) - Assets of Automotive Specialty Finance Leads Group [Member] - Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2016 | |
Disposal Group, Including Discontinued Operation, Consideration | $ 1.6 | |
Proceeds from Sale of Productive Assets, Total | $ 0.3 |
Note 5 - Selected Balance She_3
Note 5 - Selected Balance Sheet Accounts (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Capitalized Computer Software, Net, Ending Balance | $ 1.7 | $ 1.4 |
Depreciation, Nonproduction | 1 | 1.3 |
Amortization of Intangible Assets, Total | 1.5 | 2.4 |
Cost of Sales [Member] | ||
Depreciation, Nonproduction | 0.7 | 0.8 |
Operating Expense [Member] | ||
Depreciation, Nonproduction | $ 0.3 | $ 0.5 |
Note 5 - Selected Balance She_4
Note 5 - Selected Balance Sheet Accounts - Property and Equipment (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Computer software and hardware | $ 5,008 | $ 4,940 |
Capitalized internal use software | 8,362 | 7,391 |
Furniture and equipment | 1,105 | 935 |
Leasehold improvements | 883 | 884 |
Construction in progress | 1,478 | 805 |
Property, Plant and Equipment, Gross, Ending Balance | 16,836 | 14,955 |
Less—Accumulated depreciation and amortization | (12,983) | (12,002) |
Property and equipment, net | $ 3,853 | $ 2,953 |
Note 5 - Selected Balance She_5
Note 5 - Selected Balance Sheet Accounts - Finite Lived Intangible Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Finite-Lived Intangible Assets, gross | $ 25,544 | $ 25,544 |
Finite-Lived Intangible Assets, Accumulated Amortization | (24,510) | (23,011) |
Finite-Lived Intangible Assets, Net | 1,034 | 2,533 |
Trademarks Trade Names Licenses and Domains [Member] | ||
Finite-Lived Intangible Assets, gross | 16,589 | |
Finite-Lived Intangible Assets, Accumulated Amortization | (16,372) | (15,961) |
Finite-Lived Intangible Assets, Net | $ 217 | 628 |
Trademarks Trade Names Licenses and Domains [Member] | Minimum [Member] | ||
Finite-Lived Intangible Asset, Useful Life (Year) | 3 years | |
Trademarks Trade Names Licenses and Domains [Member] | Maximum [Member] | ||
Finite-Lived Intangible Asset, Useful Life (Year) | 7 years | |
Finite-Lived Intangible Assets, gross | $ 16,589 | |
Developed Technology Rights [Member] | ||
Finite-Lived Intangible Assets, gross | 8,955 | |
Finite-Lived Intangible Assets, Accumulated Amortization | (8,138) | (7,050) |
Finite-Lived Intangible Assets, Net | $ 817 | $ 1,905 |
Developed Technology Rights [Member] | Minimum [Member] | ||
Finite-Lived Intangible Asset, Useful Life (Year) | 5 years | |
Developed Technology Rights [Member] | Maximum [Member] | ||
Finite-Lived Intangible Asset, Useful Life (Year) | 7 years | |
Finite-Lived Intangible Assets, gross | $ 8,955 |
Note 5 - Selected Balance She_6
Note 5 - Selected Balance Sheet Accounts - Indefinite Lived Intangible Assets (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Domain [Member] | ||
Indefinite-lived Intangible Assets, gross | $ 2.6 | $ 2.2 |
Note 5 - Selected Balance She_7
Note 5 - Selected Balance Sheet Accounts - Future Amortization Expense (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
2022 | $ 902 | |
2023 | 86 | |
2024 | 46 | |
Finite-Lived Intangible Assets, Net, Ending Balance | $ 1,034 | $ 2,533 |
Note 5 - Selected Balance She_8
Note 5 - Selected Balance Sheet Accounts - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Accrued employee-related benefits | $ 1,782 | $ 2,123 |
Other accrued expenses | 201 | 143 |
Amounts due to customers | 77 | 94 |
Other current liabilities | 332 | 301 |
Other accrued expenses and other current liabilities | 610 | 538 |
Total accrued expenses and other current liabilities | $ 2,392 | $ 2,661 |
Note 6 - Debt (Details Textual)
Note 6 - Debt (Details Textual) - USD ($) | Jan. 13, 2021 | Dec. 31, 2020 | Jun. 10, 2020 | Jan. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Sep. 13, 2021 | Jul. 30, 2021 | Jun. 29, 2020 | Apr. 16, 2020 | Mar. 26, 2020 | Dec. 31, 2019 |
Long-term Debt, Total | $ 64,000 | |||||||||||
Restricted Cash, Total | $ 4,304,000 | 4,314,000 | $ 4,304,000 | $ 5,054,000 | ||||||||
Gain (Loss) on Extinguishment of Debt, Total | $ 1,400,000 | 1,384,000 | $ 0 | |||||||||
CNC Credit Agreement [Member] | ||||||||||||
Derivative, Variable Interest Rate | 0.25% | 0.25% | ||||||||||
CNC Credit Agreement [Member] | ||||||||||||
Debt Instrument, Face Amount | $ 20,000,000 | |||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 20,000,000 | |||||||||||
Primarily Billed Accounts Receivable Due After One Year Highest Interest Rate | 85.00% | |||||||||||
Unbilled Accounts Receivable | 75.00% | |||||||||||
Long-term Debt, Total | 10,000,000 | |||||||||||
Line of Credit Facility, Remaining Borrowing Capacity | 400,000 | |||||||||||
Restricted Cash, Total | $ 1,000,000 | $ 1,000,000 | $ 3,000,000 | |||||||||
Restricted Cash, Borrowing Limit Percent | 97.50% | 97.50% | ||||||||||
Long-term Line of Credit, Total | $ 1,500,000 | |||||||||||
Libor Rate Loans Percentage | 1.75% | 1.75% | ||||||||||
Marginal Rate | 5.50% | 5.50% | ||||||||||
CNC Credit Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 5.50% | |||||||||||
CNC Credit Agreement [Member] | Other Assets [Member] | ||||||||||||
Debt Issuance Costs, Net, Total | 300,000 | |||||||||||
Credit Facility Agreement [Member] | ||||||||||||
Purchaser Becoming a Guarantor | $ 3,000,000 | |||||||||||
Credit Facility Third Amendment [Member] | ||||||||||||
Line of Credit, Borrowing Base Inventory | $ 3,000,000 | |||||||||||
Line of Credit, Borrowing Base, Percent of Accounts Receivable | 85.00% | |||||||||||
Line of Credit, Borrowing Base, Purchase Price for Vehicles | 80.00% | |||||||||||
Credit Facility Third Amendment [Member] | Maximum [Member] | ||||||||||||
Line of Credit, Minimum Borrowing Usage Requirement Percent | 50.00% | |||||||||||
Line of Credit, Minimum Borrowing Usage Requirement | $ 10,000,000 | |||||||||||
Credit Facility Third Amendment [Member] | Minimum [Member] | ||||||||||||
Line of Credit, Minimum Borrowing Usage Requirement Percent | 40.00% | |||||||||||
Line of Credit, Minimum Borrowing Usage Requirement | $ 8,000,000 | |||||||||||
Paycheck Protection Program CARES Act [Member] | ||||||||||||
Loans Payable, Noncurrent, Total | $ 1,380,000 | |||||||||||
Gain (Loss) on Extinguishment of Debt, Total | $ 1,380,000 | |||||||||||
Debt Instrument, Decrease, Forgiveness, Including Accrued Interest | $ 1,390,000 | |||||||||||
Financing Agreement [Member] | ||||||||||||
Due to Related Parties, Current, Total | $ 200,000 | |||||||||||
Payments to Acquire Furniture and Fixtures | $ 5,300 | $ 100,000 |
Note 6 - Debt - Future Commitme
Note 6 - Debt - Future Commitments (Details) $ in Thousands | Dec. 31, 2021USD ($) |
Total financing debt | $ 64 |
Financing Agreement [Member] | |
2022 | $ 64 |
Note 7 - Commitments and Cont_3
Note 7 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Operating Lease, Weighted Average Remaining Lease Term (Year) | 2 years 1 month 6 days | 3 years |
Operating Lease, Weighted Average Discount Rate, Percent | 6.25% | 6.25% |
Operating Lease, Expense | $ 1.2 | $ 1.7 |
Note 7 - Commitments and Cont_4
Note 7 - Commitments and Contingencies - Lease Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Current portion of lease liabilities | $ 781 | $ 1,015 |
Long-term lease liabilities, net of current portion | 1,432 | $ 2,191 |
Total lease liabilities | $ 2,213 |
Note 7 - Commitments and Cont_5
Note 7 - Commitments and Contingencies - Aggregate Lease Maturities (Details) $ in Thousands | Dec. 31, 2021USD ($) |
2022, operating leases | $ 895 |
2023, operating leases | 806 |
2024, operating leases | 528 |
2025, operating leases | 197 |
Total minimum lease payments, operating leases | 2,426 |
Less imputed interest, operating leases | (213) |
Total lease liabilities, operating leases | $ 2,213 |
Note 8 - Retirement Savings P_2
Note 8 - Retirement Savings Plan (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 0 | $ 100 |
Note 9 - Stockholders' Equity_2
Note 9 - Stockholders' Equity (Details Textual) | May 26, 2020USD ($)$ / sharesshares | Apr. 23, 2016 | Aug. 31, 2019$ / sharesshares | Mar. 31, 2021shares | Dec. 31, 2021USD ($)$ / sharesshares | Dec. 31, 2020USD ($)$ / sharesshares | Oct. 01, 2018$ / shares | Sep. 06, 2017USD ($) | Jun. 22, 2017$ / sharesshares | Sep. 17, 2014USD ($) | Jun. 07, 2012USD ($) |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 1,600,000 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Option, Nonvested, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ / shares | $ 1.96 | $ 1.27 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 957,000 | ||||||||||
Share-based Payment Arrangement, Expense | $ | $ 1,854,000 | $ 1,984,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 4,381,348 | 3,758,670 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year) | 4 years 3 months 18 days | 4 years 8 months 12 days | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares) | 100,278 | 22,373 | |||||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price (in dollars per share) | $ / shares | $ 2.27 | $ 3.35 | |||||||||
Minimum Percentage of Outstanding Common Stock Acquired | 4.90% | ||||||||||
Stock Repurchase Program, Authorized Amount | $ | $ 3,000,000 | $ 1,000,000 | $ 2,000,000 | ||||||||
Stock Repurchased During Period, Shares (in shares) | 0 | 0 | |||||||||
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ | $ 2,300,000 | ||||||||||
Measurement Input, Risk Free Interest Rate [Member] | |||||||||||
Warrants and Rights Outstanding, Measurement Input | 0.019 | ||||||||||
Measurement Input, Price Volatility [Member] | |||||||||||
Warrants and Rights Outstanding, Measurement Input | 0.74 | ||||||||||
AWI Warrant [Member] | |||||||||||
Warrants and Rights Outstanding, Term (Year) | 7 years | ||||||||||
AWI Warrants First One-third [Member] | |||||||||||
Minimum Price of Common Stock Weighted Average Closing Price (in dollars per share) | $ / shares | $ 30 | ||||||||||
AWI Warrants Second One-third [Member] | |||||||||||
Minimum Price of Common Stock Weighted Average Closing Price (in dollars per share) | $ / shares | 37.50 | ||||||||||
AWI Warrants Last One-third [Member] | |||||||||||
Minimum Price of Common Stock Weighted Average Closing Price (in dollars per share) | $ / shares | $ 45 | ||||||||||
AWI [Member] | |||||||||||
Equity Method Investment, Ownership Percentage | 15.00% | ||||||||||
Series A Junior Participating Preferred Stock [Member] | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 20 | ||||||||||
Series B Preferred Stock [Member] | AWI Warrant [Member] | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 1.72 | ||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 148,240 | ||||||||||
Warrants and Rights Outstanding | $ | $ 2,500,000 | ||||||||||
Common Stock [Member] | AWI Warrant [Member] | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 18.45 | ||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 1,482,400 | ||||||||||
Service-based Option [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Option, Nonvested, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ / shares | $ 1.96 | $ 1.27 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 957,000 | 635,000 | |||||||||
Share-based Payment Arrangement, Expense | $ | $ 1,417,000 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 4,031,348 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year) | 7 months 6 days | ||||||||||
Service-based Option [Member] | Share-based Payment Arrangement, Employee [Member] | Share-based Payment Arrangement, Tranche One [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | ||||||||||
Service-based Option [Member] | Share-based Payment Arrangement, Employee [Member] | Share-based Payment Arrangement, Tranche Two [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | ||||||||||
Service-based Option [Member] | Share-based Payment Arrangement, Employee [Member] | Share-based Payment Arrangement, Tranche Three [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | ||||||||||
Service-based Option [Member] | Minimum [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 7 years | ||||||||||
Service-based Option [Member] | Maximum [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | ||||||||||
Market Condition Option [Member] | Officer [Member] | Equity Incentive Plan 2018 [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 7 years | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 455,000 | ||||||||||
Share-based Payment Arrangement, Expense | $ | $ 111,000 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 355,000 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year) | 7 months 6 days | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares | $ 1.69 | ||||||||||
Service-based Restricted Stock Awards [Member] | |||||||||||
Share-based Payment Arrangement, Expense | $ | $ 351,074 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares) | 185,082 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms (Year) | 2 years 2 months 12 days | ||||||||||
Service-based Restricted Stock Awards [Member] | Share-based Payment Arrangement, Employee [Member] | Executive Officer [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted (in shares) | 220,000 | ||||||||||
Service-based Restricted Stock Awards [Member] | Share-based Payment Arrangement, Employee [Member] | Executive Officer [Member] | First Anniversary of the Date of Award [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Forfeiture Restriction, Percentage | 33.33% | ||||||||||
Service-based Restricted Stock Awards [Member] | Share-based Payment Arrangement, Employee [Member] | Executive Officer [Member] | Second Anniversary of the Date of Award [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Forfeiture Restriction, Percentage | 33.33% | ||||||||||
Service-based Restricted Stock Awards [Member] | Share-based Payment Arrangement, Employee [Member] | Executive Officer [Member] | Third Anniversary of the Date of Award [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Forfeiture Restriction, Percentage | 33.33% |
Note 9 - Stockholders' Equity -
Note 9 - Stockholders' Equity - Share Based Compensation Expense Included in Costs (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Share-based compensation expense: | ||
Share-based Payment Arrangement, Expense | $ 1,854 | $ 1,984 |
Amount capitalized to internal use software | 0 | 0 |
Total share-based compensation expense | 1,854 | 1,984 |
Software Service, Support and Maintenance Arrangement [Member] | ||
Share-based compensation expense: | ||
Share-based Payment Arrangement, Expense | 33 | 81 |
Cost of Sales [Member] | ||
Share-based compensation expense: | ||
Share-based Payment Arrangement, Expense | 0 | 0 |
Selling and Marketing Expense [Member] | ||
Share-based compensation expense: | ||
Share-based Payment Arrangement, Expense | 149 | 116 |
General and Administrative Expense [Member] | ||
Share-based compensation expense: | ||
Share-based Payment Arrangement, Expense | $ 1,672 | $ 1,787 |
Note 9 - Stockholders' Equity_3
Note 9 - Stockholders' Equity - Fair Value of Stock Options Granted Using the Following Weighted Average Assumptions (Details) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Expected volatility | 95.00% | 74.00% |
Expected risk-free interest rate | 0.80% | 0.90% |
Expected life (years) (Year) | 4 years 9 months 18 days | 4 years 7 months 6 days |
Note 9 - Stockholders' Equity_4
Note 9 - Stockholders' Equity - Stock Options Outstanding (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Outstanding, number of options (in shares) | 3,758,670 | |
Outstanding, weighted average exercise price per share (in dollars per share) | $ 4.26 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year) | 4 years 3 months 18 days | 4 years 8 months 12 days |
Outstanding, Aggregate Intrinsic Value | $ 1,662 | $ 270 |
Granted, number of options (in shares) | 957,000 | |
Granted, weighted average exercise price per share (in dollars per share) | $ 2.65 | |
Exercised, number of options (in shares) | (100,278) | (22,373) |
Exercised, weighted average exercise price per share (in dollars per share) | $ 2.27 | $ 3.35 |
Exercised, Aggregate Intrinsic Value | $ 75 | |
Forfeited or expired, number of options (in shares) | (234,044) | |
Forfeited or expired, weighted average exercise price per share (in dollars per share) | $ 6.14 | |
Outstanding, number of options (in shares) | 4,381,348 | 3,758,670 |
Outstanding, weighted average exercise price per share (in dollars per share) | $ 3.85 | $ 4.26 |
Vested and expected to vest, number of options (in shares) | 4,269,151 | |
Vested and expected to vest, weighted average exercise price per share (in dollars per share) | $ 3.88 | |
Vested and expected to vest,Weighted Average Remaining Contractual Term (Year) | 4 years 2 months 12 days | |
Vested and expected to vest, Aggregate Intrinsic Value | $ 1,586 | |
Exercisable, number of options (in shares) | 2,889,095 | |
Exercisable, weighted average exercise price per share (in dollars per share) | $ 4.42 | |
Exercisable,Weighted Average Remaining Contractual Term (Year) | 3 years 7 months 6 days | |
Exercisable, Aggregate Intrinsic Value | $ 701 |
Note 9 - Stockholders' Equity_5
Note 9 - Stockholders' Equity - Options and Warrants Outstanding (Details) - shares | Dec. 31, 2021 | Dec. 31, 2020 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 4,381,348 | 3,758,670 |
Authorized for future Award grants under stockholder-approved stock-based incentive plans (in shares) | 1,553,142 | |
Warrants outstanding (in shares) | 1,482,400 | |
Total (in shares) | 7,416,890 |
Note 10 - Income Taxes (Details
Note 10 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | ||
Jan. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ (1,531) | $ 721 | ||
Gain (Loss) on Extinguishment of Debt, Total | $ 1,400 | 1,384 | 0 | |
Deferred Tax Assets, Tax Credit Carryforwards, Research | 200 | |||
Unrecognized Tax Benefits, Ending Balance | 189 | 189 | $ 464 | |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total | 0 | $ 0 | ||
Domestic Tax Authority [Member] | ||||
Operating Loss Carryforwards, Total | 110,700 | |||
Operating Loss Carryforwards, Not Subject to Expiration | 36,700 | |||
Operating Loss Carryforwards, Subject to Expiration | 74,100 | |||
State and Local Jurisdiction [Member] | ||||
Operating Loss Carryforwards, Total | 55,700 | |||
Operating Loss Carryforwards, Subject to Expiration | $ 800 |
Note 10 - Income Taxes - Compon
Note 10 - Income Taxes - Components of Income (Loss) Before Income Tax Provision (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
United States | $ (5,911) | $ (7,089) |
International | 252 | 279 |
Income(Loss) before income tax provision | $ (5,659) | $ (6,810) |
Note 10 - Income Taxes - Income
Note 10 - Income Taxes - Income Tax Expense (Benefits) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Federal, current | $ 0 | $ 0 |
State, current | 0 | 10 |
Foreign, current | 0 | 0 |
Current | 0 | 10 |
Federal, deferred | 1,216 | (562) |
State, deferred | 315 | (159) |
Foreign, deferred | 0 | 0 |
Deferred | 1,531 | (721) |
Change in federal tax rate | 0 | 0 |
Valuation allowance | (1,531) | 721 |
Income tax provision | $ 0 | $ 10 |
Note 10 - Income Taxes - Reconc
Note 10 - Income Taxes - Reconciliations of Federal Statutory Rate to Effective Income Tax Rate (Details) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Tax provision at U.S. federal statutory rates | 21.00% | 21.00% |
State income taxes net of federal benefit | (5.50%) | 2.10% |
Deferred tax asset adjustments – NOL related | 0.00% | 0.00% |
Non-deductible permanent items | (1.10%) | (1.10%) |
Stock options | (4.30%) | (28.00%) |
PPP Debt Forgiveness | 4.90% | 0.00% |
Change in valuation allowance | (15.20%) | 5.80% |
Effective income tax rate | (0.20%) | (0.20%) |
Note 10 - Income Taxes - Deferr
Note 10 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Allowance for doubtful accounts | $ 26 | $ 103 |
Accrued liabilities | 357 | 412 |
Net operating loss carryforwards | 26,478 | 24,798 |
Intangible assets | 3,883 | 4,259 |
Share-based compensation expense | 365 | 228 |
Other | 1,418 | 1,370 |
Total gross deferred tax assets | 32,527 | 31,181 |
Valuation allowance | (31,979) | (30,447) |
Total deferred tax assets | 548 | 734 |
Right of use assets | (509) | (733) |
Fixed assets | (39) | 0 |
Other | 0 | (1) |
Total gross deferred tax liabilities | (548) | (734) |
Net deferred tax assets | $ 0 | $ 0 |
Note 10 - Income Taxes - Net Op
Note 10 - Income Taxes - Net Operating Loss Carryforwards Arrangement (Details) $ in Millions | Dec. 31, 2021USD ($) |
Domestic Tax Authority [Member] | |
Operating loss carryforward subject to expiration | $ 74.1 |
Operating loss carryforward not subject to expiration | 36.7 |
Operating loss carryforward, total | 110.7 |
Domestic Tax Authority [Member] | Tax Year 2025 [Member] | |
Operating loss carryforward subject to expiration | 4.2 |
Domestic Tax Authority [Member] | Tax Year 2028 [Member] | |
Operating loss carryforward subject to expiration | 5.2 |
Domestic Tax Authority [Member] | Tax Year 2026 [Member] | |
Operating loss carryforward subject to expiration | 25.5 |
Domestic Tax Authority [Member] | Tax Year 2029 [Member] | |
Operating loss carryforward subject to expiration | 7.7 |
Domestic Tax Authority [Member] | Tax Year 2027 [Member] | |
Operating loss carryforward subject to expiration | 15.5 |
Domestic Tax Authority [Member] | Tax Year 2030 [Member] | |
Operating loss carryforward subject to expiration | 10.6 |
Domestic Tax Authority [Member] | Tax Year 2034 [Member] | |
Operating loss carryforward subject to expiration | 2.5 |
Domestic Tax Authority [Member] | Tax Year 2035 [Member] | |
Operating loss carryforward subject to expiration | 1.5 |
Domestic Tax Authority [Member] | Tax Year 2031 [Member] | |
Operating loss carryforward subject to expiration | 1.3 |
Domestic Tax Authority [Member] | Tax Year 2032 [Member] | |
Operating loss carryforward subject to expiration | 0 |
Domestic Tax Authority [Member] | Tax Year 2033 [Member] | |
Operating loss carryforward subject to expiration | 0.1 |
State and Local Jurisdiction [Member] | |
Operating loss carryforward subject to expiration | 0.8 |
Operating loss carryforward, total | 55.7 |
State and Local Jurisdiction [Member] | CALIFORNIA | |
Operating loss carryforward subject to expiration | 27.6 |
State and Local Jurisdiction [Member] | Other State [Member] | |
Operating loss carryforward subject to expiration | 28.1 |
State and Local Jurisdiction [Member] | Tax Year 2028 [Member] | |
Operating loss carryforward subject to expiration | 2.6 |
State and Local Jurisdiction [Member] | Tax Year 2029 [Member] | |
Operating loss carryforward subject to expiration | 5.8 |
State and Local Jurisdiction [Member] | Tax Year 2030 [Member] | |
Operating loss carryforward subject to expiration | 11 |
State and Local Jurisdiction [Member] | Tax Year 2034 [Member] | |
Operating loss carryforward subject to expiration | 1.4 |
State and Local Jurisdiction [Member] | Tax Year 2035 [Member] | |
Operating loss carryforward subject to expiration | 0.8 |
State and Local Jurisdiction [Member] | Tax Year 2038 [Member] | |
Operating loss carryforward subject to expiration | 2.3 |
State and Local Jurisdiction [Member] | Tax Year 2039 [Member] | |
Operating loss carryforward subject to expiration | 2.2 |
State and Local Jurisdiction [Member] | Tax Year 2040 [Member] | |
Operating loss carryforward subject to expiration | $ 0.6 |
Note 10 - Income Taxes - Reco_2
Note 10 - Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Balance | $ 189 | $ 464 |
Reductions based on tax positions related to prior years and settlements | 0 | (275) |
Balance | $ 189 | $ 189 |
Note 11 - Business Segment In_3
Note 11 - Business Segment Information (Details Textual) | 12 Months Ended |
Dec. 31, 2021 | |
Number of Reportable Segments | 2 |
Note 11 - Business Segment In_4
Note 11 - Business Segment Information - Segments (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues | $ 71,585 | $ 76,570 |
Cost of sales | 51,254 | |
Gross profit | 20,331 | 23,680 |
Operating loss | (6,465) | (5,524) |
Total assets | 35,132 | $ 41,129 |
Automotive Digital Marketing [Member] | ||
Revenues | 66,259 | |
Cost of sales | 46,300 | |
Gross profit | 19,959 | |
Operating loss | (6,022) | |
Total assets | 33,122 | |
Used Vehicle Acquisition & Resale [Member] | ||
Revenues | 5,326 | |
Cost of sales | 4,954 | |
Gross profit | 372 | |
Operating loss | (443) | |
Total assets | $ 2,010 |
Schedule II - Valuation and Q_3
Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
SEC Schedule, 12-09, Allowance, Uncollectible Customer's Liability for Acceptances [Member] | ||
Beginning balance | $ 342 | $ 546 |
Adjustments | (228) | 470 |
Write-offs | (40) | (674) |
Ending balance | 74 | 342 |
SEC Schedule, 12-09, Allowance, Credit Loss [Member] | ||
Beginning balance | 64 | 194 |
Adjustments | 31 | (26) |
Write-offs | (68) | (104) |
Ending balance | 27 | 64 |
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member] | ||
Beginning balance | 30,447 | 31,168 |
Ending balance | 31,979 | 30,447 |
Charged (credited) to tax expense | 1,532 | (721) |
Charged (credited) to retained earnings | $ 0 | $ 0 |