Document And Entity Information
Document And Entity Information - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Mar. 10, 2020 | Jun. 28, 2019 | |
Document Information [Line Items] | |||
Entity Registrant Name | Fluent, Inc. | ||
Entity Central Index Key | 0001460329 | ||
Trading Symbol | flnt | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Accelerated Filer | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | true | ||
Entity Interactive Data Current | Yes | ||
Entity Common Stock, Shares Outstanding (in shares) | 75,901,582 | ||
Entity Public Float | $ 228.6 | ||
Entity Shell Company | false | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2019 | ||
Document Fiscal Year Focus | 2019 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Title of 12(b) Security | Common Stock, $0.0005 par value per share |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
ASSETS: | ||
Cash and cash equivalents | $ 18,679 | $ 17,769 |
Accounts receivable, net of allowance for doubtful accounts of $1,967 and $1,751, respectively | 60,915 | 48,652 |
Prepaid expenses and other current assets | 1,921 | 1,971 |
Total current assets | 81,515 | 68,392 |
Restricted cash | 1,480 | 1,480 |
Property and equipment, net | 2,863 | 1,380 |
Operating lease right-of-use assets | 9,865 | |
Intangible assets, net | 55,603 | 61,812 |
Goodwill | 164,774 | 159,791 |
Other non-current assets | 993 | 414 |
Total assets | 317,093 | 293,269 |
LIABILITIES AND SHAREHOLDERS’ EQUITY: | ||
Accounts payable | 21,574 | 7,855 |
Accrued expenses and other current liabilities | 20,358 | 21,566 |
Deferred revenue | 1,140 | 444 |
Current portion of long-term debt | 6,873 | 3,500 |
Current portion of operating lease liability | 2,282 | |
Total current liabilities | 52,227 | 33,365 |
Long-term debt, net | 44,098 | 51,972 |
Operating lease liability, net | 9,056 | |
Other non-current liabilities | 775 | 766 |
Total liabilities | 106,156 | 86,103 |
Shareholders' equity: | ||
Preferred stock — $0.0001 par value, 10,000,000 Shares authorized; Shares outstanding — 0 shares for both periods | ||
Common stock — $0.0005 par value, 200,000,000 Shares authorized; Shares issued — 78,642,078 and 76,525,581, respectively; and Shares outstanding — 75,873,679 and 75,292,383, respectively | 39 | 38 |
Treasury stock, at cost — 2,768,399 and 1,233,198 shares, respectively | (8,184) | (3,272) |
Additional paid-in capital | 406,198 | 395,769 |
Accumulated deficit | (187,116) | (185,369) |
Total shareholders’ equity | 210,937 | 207,166 |
Total liabilities and shareholders’ equity | $ 317,093 | $ 293,269 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Accounts receivable, allowance for doubtful accounts | $ 1,967 | $ 1,751 |
Preferred stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized (in shares) | 10,000,000 | 10,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.0005 | $ 0.0005 |
Common stock, shares authorized (in shares) | 200,000,000 | 200,000,000 |
Common stock, shares issued (in shares) | 78,642,078 | 76,525,581 |
Common stock, shares outstanding (in shares) | 75,873,679 | 75,292,383 |
Treasury stock, shares (in shares) | 2,768,399 | 1,233,198 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | ||
Revenue | $ 281,684 | $ 250,280 | |
Costs and expenses: | |||
Cost of revenue (exclusive of depreciation and amortization) | 194,435 | 161,560 | |
Sales and marketing | 11,545 | 13,663 | |
Product development | 8,055 | 5,279 | |
General and administrative | 48,065 | 36,007 | |
Depreciation and amortization | 13,940 | 13,174 | |
Write-off of intangible assets | 425 | 1,517 | |
Spin-off transaction costs | 7,708 | ||
Total costs and expenses | 276,465 | 238,908 | |
Income from operations | 5,219 | 11,372 | |
Interest expense, net | (6,892) | (8,134) | |
(Loss) income before income taxes from continuing operations | (1,673) | 3,238 | |
Income tax expense | (74) | (46) | |
Net (loss) income from continuing operations | (1,747) | 3,192 | |
Discontinued operations: | |||
Loss from operations of discontinued operations, net of $0 income taxes | (2,084) | ||
Loss on disposal of discontinued operations, net of $0 income taxes | (19,040) | ||
Net loss from discontinued operations | (21,124) | ||
Net loss | $ (1,747) | $ (17,932) | |
Basic and diluted net (loss) income per share: | |||
Continuing operations (in dollars per share) | [1] | $ (0.02) | $ 0.04 |
Discontinued operations (in dollars per share) | [1] | (0.28) | |
Net loss (in dollars per share) | [1] | $ (0.02) | $ (0.23) |
Weighted average number of shares outstanding: | |||
Basic and diluted (in shares) | 79,373,789 | 76,705,877 | |
[1] | (Loss) income per share amounts may contain summation differences due to rounding. |
Consolidated Statements of Op_2
Consolidated Statements of Operations (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Loss from operations of discontinued operations, income taxes | $ 0 | $ 0 |
Loss on disposal of discontinued operations, income taxes | $ 0 | $ 0 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands | Common Stock [Member] | Treasury Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Dec. 31, 2017 | 61,631,573 | 352,523 | |||
Balance at Dec. 31, 2017 | $ 31 | $ (1,274) | $ 392,687 | $ (167,437) | $ 224,007 |
Issuance of common stock upon a direct offering to certain investors, net of issuance costs of $108 (in shares) | 2,700,000 | ||||
Issuance of common stock upon a direct offering to certain investors, net of issuance costs of $108 | $ 1 | 13,391 | 13,392 | ||
Vesting of restricted stock units and issuance of restricted stock (in shares) | 12,194,008 | ||||
Vesting of restricted stock units and issuance of restricted stock | $ 6 | (6) | |||
Increase in treasury stock resulting from shares withheld to cover statutory taxes (in shares) | 875,675 | ||||
Increase in treasury stock resulting from shares withheld to cover statutory taxes | $ (1,989) | (1,989) | |||
Reduction in value of puttable option classified as liability | 200 | 200 | |||
Repurchase of shares into treasury stock (in shares) | 5,000 | ||||
Repurchase of shares into treasury stock | $ (9) | (9) | |||
Share-based compensation | 30,997 | 30,997 | |||
Net loss | (17,932) | (17,932) | |||
Spin-off of Red Violet | (41,500) | (41,500) | |||
Balance (in shares) at Dec. 31, 2018 | 76,525,581 | 1,233,198 | |||
Balance at Dec. 31, 2018 | $ 38 | $ (3,272) | 395,769 | (185,369) | 207,166 |
Vesting of restricted stock units and issuance of restricted stock (in shares) | 2,116,497 | ||||
Vesting of restricted stock units and issuance of restricted stock | $ 1 | (1) | |||
Increase in treasury stock resulting from shares withheld to cover statutory taxes (in shares) | 567,447 | ||||
Increase in treasury stock resulting from shares withheld to cover statutory taxes | $ (3,120) | (3,120) | |||
Repurchase of shares into treasury stock (in shares) | 967,754 | ||||
Repurchase of shares into treasury stock | $ (1,792) | (1,792) | |||
Share-based compensation | 10,430 | 10,430 | |||
Net loss | (1,747) | (1,747) | |||
Balance (in shares) at Dec. 31, 2019 | 78,642,078 | 2,768,399 | |||
Balance at Dec. 31, 2019 | $ 39 | $ (8,184) | $ 406,198 | $ (187,116) | $ 210,937 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Shareholders' Equity (Parentheticals) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Issuance of common stock, issuance costs | $ 108 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (1,747) | $ (17,932) |
Net loss from discontinued operations | 21,124 | |
Adjustments to reconcile net loss from continuing operations to net cash provided by operating activities: | ||
Depreciation and amortization | 13,940 | 13,174 |
Non-cash interest expense | 1,387 | 1,830 |
Share-based compensation | 10,341 | 14,681 |
Provision for bad debts | 2,550 | 462 |
Write-off of intangible assets | 425 | 1,517 |
Deferred income taxes | 35 | 46 |
Allocation of expenses to Red Violet | (325) | |
Changes in assets and liabilities: | ||
Accounts receivable | (6,978) | (12,836) |
Prepaid expenses and other current assets | 104 | (304) |
Other non-current assets | (551) | 683 |
Operating lease assets and liabilities, net | 1,473 | |
Accounts payable | 6,028 | 249 |
Accrued expenses and other current liabilities | (1,626) | 6,771 |
Deferred revenue | 663 | 179 |
Other | (26) | |
Net cash provided by operating activities from continuing operations | 26,018 | 29,319 |
Net cash used in operating activities from discontinued operations | (5,835) | |
Net cash provided by operating activities | 26,018 | 23,484 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Acquisition of property and equipment | (2,088) | (238) |
Business acquisition, net of cash acquired | (7,246) | |
Capitalized costs included in intangible assets | (2,624) | (1,236) |
Capital contributed to Red Violet | (19,728) | |
Net cash used in investing activities from continuing operations | (11,958) | (21,202) |
Net cash used in investing activities from discontinued operations | (1,386) | |
Net cash used in investing activities | (11,958) | (22,588) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from issuance of shares, net of issuance costs | 13,392 | |
Proceeds from debt obligations, net of debt costs | 67,182 | |
Repayments of long-term debt | (8,034) | (76,787) |
Taxes paid related to net share settlement of vesting of restricted stock units | (3,120) | (1,989) |
Repurchase of treasury stock | (1,792) | (9) |
Debt financing costs | (204) | |
Net cash (used in) provided by financing activities | (13,150) | 1,789 |
Net increase in cash, cash equivalents and restricted cash | 910 | 2,685 |
Cash, cash equivalents and restricted cash at beginning of period | 19,249 | 16,564 |
Cash, cash equivalents and restricted cash at end of period | 20,159 | 19,249 |
SUPPLEMENTAL DISCLOSURE INFORMATION | ||
Cash paid for interest | 5,387 | 6,429 |
Cash paid for income taxes | 135 | |
Share-based compensation capitalized in intangible assets | 10,430 | 30,997 |
Non-cash additions to property and equipment | 198 | |
Furniture, fixtures and office equipment obtained under capital lease obligations | 747 | |
Change in value of puttable option classified as liability | (200) | |
Continuing Operations [Member] | ||
SUPPLEMENTAL DISCLOSURE INFORMATION | ||
Share-based compensation capitalized in intangible assets | $ 89 | $ 423 |
Note 1 - Principal Activities a
Note 1 - Principal Activities and Organization | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | 1. (a) Principal activities Fluent, Inc. (“Fluent,” or the “Company”), a Delaware corporation, is an industry leader in data-driven digital marketing services. The Company primarily performs customer acquisition services by operating highly scalable digital marketing campaigns, through which the Company connects its advertiser clients with consumers they are seeking to reach. The Company delivers data and performance-based marketing executions to its clients, which in 2019 included over 500 (b) Organization Spin-off of Red Violet On March 26, 2018, March 19, 2018 one 7.5 Following the Spin-off of Red Violet, the Company's common stock continued trading on The NASDAQ Stock Market ("NASDAQ"), and Red Violet became an independent public company. All of the Company's former subsidiaries that operated the risk management business are owned by Red Violet. In accordance with Accounting Standards Codification ("ASC") 205 20, Discontinued Operations 5, Discontinued operations |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. (a) Basis of preparation The accompanying consolidated financial statements of the Company and its wholly owned subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (the "SEC"). Principles of consolidation All significant transactions among the Company and its subsidiaries have been eliminated upon consolidation. (b) Use of estimates The preparation of consolidated financial statements in accordance with US GAAP requires the Company’s management to make estimates and assumptions relating to the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. Significant items subject to such estimates and assumptions include the allowance for doubtful accounts, useful lives of intangible assets, recoverability of the carrying amounts of goodwill and intangible assets, the portion of revenue subject to estimates for variances between internally-tracked conversions and those confirmed by the customer, purchase accounting and income tax provision. These estimates are often based on complex judgments and assumptions that management believes to be reasonable, but are inherently uncertain and unpredictable. Actual results could differ from these estimates. (c) Cash, cash equivalents and restricted cash Cash and cash equivalents consist of cash on hand and bank deposits with original maturities of three October 10, 2018 The Company’s cash, cash equivalents and restricted cash are held in major financial institutions located in the United States, which have high credit ratings. As of December 31, 2019 2018 Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, consist principally of cash investments. The Company places its temporary cash instruments with highly rated financial institutions within the United States, and, at times, may $250 (d) Accounts receivable and allowance for doubtful accounts Accounts receivable are due from customers, which are generally unsecured, and consist of amounts earned but not None The allowance for doubtful accounts is management’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. Management determines this allowance based on reviews of customer-specific facts and circumstances. Account balances are charged off against the allowance for doubtful accounts after all customary means of collection have been exhausted and the potential for recovery is considered remote. The Company does not December 31, 2019 2018 $1,967 $1,751 Movements within the allowance for doubtful accounts consist of the following: Year Ended December 31, (In thousands) 2019 2018 Beginning balance $ 1,751 $ 1,624 Charges to expenses 2,550 462 Write-offs (2,334 ) (335 ) Ending balance $ 1,967 $ 1,751 (e) Property and equipment Property and equipment are stated at cost, net of accumulated depreciation or amortization. Expenditures for maintenance, repairs and minor renewals are charged to expense in the period incurred. Betterments and additions are capitalized. Property and equipment are depreciated on a straight-line basis over the estimated useful lives of the assets. Leasehold improvements are depreciated over the shorter of their estimated useful lives or lease terms that are reasonably assured. The estimated useful lives of property and equipment are as follows: Years Computer and network equipment 5 Furniture, fixtures and office equipment 7 Leasehold improvements 6-7 Assets to be disposed of, and for which there is a committed plan of disposal, whether through sale or abandonment, are reported at the lower of carrying value or fair value less costs to sell. When items of property and equipment are retired or otherwise disposed of, loss or income on disposal is recorded for the difference between the net book value and proceeds received therefrom. (f) Business combination The Company records acquisitions pursuant to ASC 805, Business Combinations, not may may (g) Intangible assets other than goodwill The Company’s intangible assets are initially capitalized based on actual costs incurred, acquisition cost, or fair value if acquired as part of a business combination. These intangible assets are amortized on a straight-line basis over their respective estimated useful lives, which are the periods over which these assets are expected to contribute directly or indirectly to the future cash flows of the Company. The Company’s intangible assets represent purchased intellectual property, software developed for internal use, acquired proprietary technology, customer relationships, trade names, domain names, databases and non-competition agreements, including those resulting from acquisitions. Intangible assets have estimated useful lives of 2 20 In accordance with ASC 350 40, Software - Internal-Use Software, Finite-lived intangible assets are evaluated for impairment periodically, or whenever events or changes in circumstances indicate that their related carrying amounts may not 360 10 15, Impairment or Disposal of Long-Lived Assets. 360 10 15. Asset recoverability is an area involving management judgment, requiring assessment as to whether the carrying values of assets are supported by their undiscounted future cash flows. In estimating future cash flows, certain assumptions are required to be made in respect of highly uncertain matters such as revenue growth rates, operating expenses and terminal growth rates. For the year ended December 31, 2019, 8, Intangible assets, net December 31, 2018, not third 2019, September 30, 2019, not December 31, 2019, not (h) Goodwill Goodwill represents the difference between the purchase price and the estimated fair value of net assets acquired, when accounted for by the acquisition method of accounting. As of December 31, 2019 2018 8, Intangible assets, net 8, Intangible assets, net 15, Business acquisition In accordance with ASC 350, Intangibles - Goodwill and Other , goodwill is tested at least annually for impairment, or when events or changes in circumstances indicate that the carrying amount of such assets may not not (i) Fair value of financial instruments ASC 820, Fair Value Measurements and Disclosures, three • Level 1 • Level 2 • Level 3 no The fair value of the Company’s cash, cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities approximate their carrying values because of the short-term nature of these instruments. As of December 31, 2019 2 10, Long-term debt, net. (j) Revenue recognition Effective January 1, 2018, 2014 09, Revenue from Contracts with Customers 606" not no January 1, 2018 606. Revenue is recognized when control of goods or services is transferred to customers, in amounts that reflect the consideration the Company expects to be entitled to in exchange for those goods or services. The Company's performance obligation is typically to (a) deliver data records, based on predefined qualifying characteristics specified by the customer or (b) generate conversions, based on predefined user actions (for example, a click, a registration or the installation of an app) and subject to certain qualifying characteristics specified by the customer. The Company applies the practical expedient related to the review of a portfolio of contracts in reviewing the terms of customer contracts as one not Revenue is recognized upon satisfaction of associated performance obligations. The Company's customers simultaneously receive and consume the benefits provided, as the Company satisfies its performance obligations. Furthermore, the Company elected the "right to invoice" practical expedient available within ASC 606 10 55 18 not not For each identified performance obligation in a contract with a customer, the Company assesses whether it or the third third third no If a customer pays consideration before the Company's performance obligations are satisfied, such amounts are classified as deferred revenue on the consolidated balance sheets. As of December 31, 2019 2018 $1,140 $444 December 31, 2019 first 2020. When there is a delay between the period in which revenue is recognized and when a customer invoice is issued, revenue is recognized and the related amounts are recorded as unbilled revenue within accounts receivable on the consolidated balance sheets. As of December 31, 2019 2018 $29,061 $25,545 not Sales commissions are recorded at the time revenue is recognized and recorded in sales and marketing in the consolidated statements of operations. The Company has elected to utilize a practical expedient to expense incremental costs incurred related to obtaining a contract. In addition, the Company elected the practical expedient to not one (k) Cost of revenue (exclusive of depreciation and amortization) Cost of revenue primarily includes media and related costs, which consist of the cost to acquire traffic through the purchase of impressions, clicks or actions from publishers or third (l) Advertising costs Advertising costs are charged to operations as incurred. For the years ended December 31, 2019 2018 $1,354 $1,471 (m) Share-based compensation The Company accounts for share-based compensation in accordance with ASC 718, Compensation - Stock Compensation 718" 718, (n) Income taxes The Company accounts for income taxes in accordance with ASC 740, Income Taxes The effect on deferred tax assets and liabilities of a change in tax rates or laws is recognized in income in the period that the change in tax rates or laws is enacted. A valuation allowance is provided to reduce the amount of deferred tax assets if it is considered more likely than not not ASC 740 not 50% (o) Loss (income) per share Basic loss (income) per share is computed by dividing net loss by the weighted average number of common shares outstanding during the periods, in addition to restricted stock units ("RSUs") and restricted common stock that are vested not (p) Segment data The Company identifies operating segments as components of an entity for which discrete financial information is available and is regularly reviewed by the chief operating decision maker in making decisions regarding resource allocation and performance assessment. The Company defines the term “chief operating decision maker” to be its chief executive officer. The Company has determined it has two two one 15, Business acquisition ) and is included in segment reporting for purposes of reconciliation of the respective balances below to the consolidated financial statements. “Fluent,” for the purposes of segment reporting, represents the consolidated operating results of the Company excluding “All Other.” (q) Contingencies In the ordinary course of business, the Company is subject to loss contingencies that cover a range of matters. An estimated loss from a loss contingency, such as a legal proceeding or claim, is accrued if it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. In determining whether a loss should be accrued, the Company evaluates, among other factors, the degree of probability and the ability to reasonably estimate the amount of any such loss. (r) Recently issued and adopted accounting standards Accounting pronouncements not not In February 2016, No. 2016 02 2016 02" Leases (ASC 842 January 1, 2019, 2016 02 2018 11, Leases: Targeted Improvements, not As of January 1, 2019, 2016 02 $10,866 $11,138, 2016 02 not 2016 02. Subsequent to the adoption of ASC 842, Leases, 842 not not 6, Lease commitments In January 2016, No. 2016 13, Financial Instruments - Credit Losses, December 15, 2022, |
Note 3 - Loss (Income) Per Shar
Note 3 - Loss (Income) Per Share | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 3. For the years ended December 31, 2019 2018 Year Ended December 31, (In thousands, except share data) 2019 2018 Numerator: Net (loss) income from continuing operations $ (1,747 ) $ 3,192 Net loss from discontinued operations — (21,124 ) Net loss $ (1,747 ) $ (17,932 ) Denominator: Weighted average shares outstanding 76,357,393 73,470,197 Weighted average restricted shares vested not delivered 3,016,396 3,235,680 Total basic and diluted weighted average shares outstanding 79,373,789 76,705,877 Basic and diluted (loss) income per share: (1) Continuing operations $ (0.02 ) $ 0.04 Discontinued operations $ — $ (0.28 ) Net loss $ (0.02 ) $ (0.23 ) ( 1 may Based on exercise prices compared to the average stock prices for the years ended December 31, 2019 2018, Year Ended December 31, 2019 2018 Restricted stock units 3,394,370 3,831,965 Stock options 2,120,000 112,000 Warrants 2,398,776 2,498,776 Total anti-dilutive securities 7,913,146 6,442,741 |
Note 4 - Spin-off of Red Violet
Note 4 - Spin-off of Red Violet | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Spin-off Transactions [Text Block] | 4. On February 12, 2018, February 27, 2018 $19.7 February 28, 2018, 10 On March 7, 2018, March 19, 2018 March 26, 2018 March 9, 2018, $4.00 one 7.5 On March 8, 2018, 5,157,998 March 12, 2018 ( $15.5 first 2018. |
Note 5 - Discontinued Operation
Note 5 - Discontinued Operations | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | 5. In accordance with ASC 205 20, Discontinued Operations, $41,500. For the year ended December 31, 2018, Year Ended (In thousands) 2018 Major classes of line items constituting loss from discontinued operations: Revenue $ 3,325 Cost of revenue (exclusive of depreciation and amortization) 2,017 Sales and marketing 1,089 General and administrative 1,852 Depreciation and amortization 451 Loss from operations of discontinued operations, net of $0 income taxes (2,084 ) Loss on disposal of discontinued operations, net of $0 income taxes (19,040 ) Net loss from discontinued operations $ (21,124 ) For the year ended December 31, 2018, $19,040, $16,030 Year Ended (In thousands) 2018 Share-based compensation expense (1) $ 15,548 Write-off of unamortized debt costs (2) 284 Write-off of certain prepaid expenses 198 Spin-off related professional fees 2,012 Spin-off related employee compensation 998 Loss on disposal of discontinued operations $ 19,040 ( 1 As discussed and defined in Note 4, Spin-off of Red Violet ( 2 As discussed in Note 10, Long-term debt, net $284. During the first 2018, $7,708 $5,409, 2,041,000 13, Share-based compensation $2,299. |
Note 6 - Lease Commitments
Note 6 - Lease Commitments | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | 6. At the inception of a contract, the Company determines whether the contract is or contains a lease based on the facts and circumstances present. Operating leases with terms greater than one one not one Lease obligations and their corresponding assets are recorded based on the present value of lease payments over the expected lease term. As the interest rate implicit in lease contracts is typically not may three The Company is party to a number of noncancelable operating and financing lease agreements that have original lease periods expiring between 2022 202 5. not not October 10, 2018, seven 42,685 $1,480 Additionally, the Company obtained the right to use certain furniture, fixtures and office equipment already installed in the new office space, which the Company has treated as a capital lease. For the year ended December 31, 2019, Year Ended (In thousands) December 31, 2019 Operating leases: Rent expense $ 2,070 Financing lease: Leased furniture, fixtures and office equipment depreciation expense 243 Interest expense 43 Short-term leases: Rent expense 418 Total lease costs $ 2,774 As of December 31, 2019 December 31, 2019 Operating Leases Financing Lease Weighted average remaining lease-term (in years) 5.8 5.9 Weighted average discount rate 5.0 % 5.0 % As of December 31, 2019 (In thousands) December 31, 2019 Year Operating Leases Financing Lease 2020 $ 2,282 $ 157 2021 2,287 157 2022 2,157 158 2023 2,222 169 2024 2,222 169 Thereafter 1,888 141 Total undiscounted cash flows 13,058 951 Less: imputed interest (1,720 ) (128 ) Present value of lease liabilities $ 11,338 $ 823 For the year ended December 31, 2019, Year Ended (In thousands) December 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for operating leases (1) $ 867 Operating cash flows used for financing lease $ 50 Lease liabilities related to the acquisition of right-of-use assets: Operating leases $ 568 ( 1 For the year ended December 31, 2019, $640 |
Note 7 - Property and Equipment
Note 7 - Property and Equipment, Net | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 7. Property and equipment, net consists of the following: (In thousands) December 31, 2019 December 31, 2018 Computer and network equipment $ 453 $ 276 Furniture, fixtures and office equipment 940 564 Leased furniture, fixtures and office equipment 875 747 Leasehold improvements 1,290 1,023 Total cost of property and equipment 3,558 2,610 Less: accumulated depreciation and amortization (695 ) (1,230 ) Property and equipment, net $ 2,863 $ 1,380 For the years ended December 31, 2019 2018 $743 d $490 |
Note 8 - Intangible Assets, Net
Note 8 - Intangible Assets, Net | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 8. Intangible assets, net, other than goodwill, consist of the following: (In thousands) Amortization period (years) December 31, 2019 December 31, 2018 Gross amount: Software developed for internal use 3 $ 4,866 $ 3,037 Acquired proprietary technology 4-5 13,661 11,459 Customer relationships 6-10 37,286 34,986 Trade names 4-20 16,657 16,357 Domain names 20 191 191 Databases 5-10 31,292 31,292 Non-competition agreements 2-5 1,768 1,768 105,721 99,090 Accumulated amortization: Software developed for internal use (1,995 ) (1,282 ) Acquired proprietary technology (9,516 ) (6,987 ) Customer relationships (19,396 ) (14,417 ) Trade names (3,359 ) (2,504 ) Domain names (39 ) (29 ) Databases (14,182 ) (10,573 ) Non-competition agreements (1,631 ) (1,486 ) (50,118 ) (37,278 ) Net intangible assets: Software developed for internal use 2,871 1,755 Acquired proprietary technology 4,145 4,472 Customer relationships 17,890 20,569 Trade names 13,298 13,853 Domain names 152 162 Databases 17,110 20,719 Non-competition agreements 137 282 $ 55,603 $ 61,812 The gross amounts associated with software developed for internal use primarily represent capitalized costs of internally developed software. The amounts relating to acquired proprietary technology, customer relationships, trade names, domain names, databases and non-competition agreements primarily represent the fair values of intangible assets acquired as a result of the acquisition of Fluent, LLC, effective December 8, 2015 ( June 8, 2016 ( July 1, 2019 ( 15, Business acquisition For the years ended December 31, 2019 2018 $13,197 $12,684 For the years ended December 31, 2019 2018 $2,713 $1,659 $425 $1,517 not 4,700 December 31, 2019 As of December 31, 2019 2020 2025 (In thousands) Year December 31, 2019 2020 $ 13,698 2021 10,885 2022 9,521 2023 4,718 2024 4,350 2025 and thereafter 12,431 Total $ 55,603 |
Note 9 - Goodwill
Note 9 - Goodwill | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | 9. Goodwill represents the difference between the purchase price and the estimated fair value of net assets acquired, when accounted for by the acquisition method of accounting. As of December 31, 2019 15, Business acquisition December 31, 2019 2018 14, Segment information (In thousands) Fluent All Other Total Balance as at December 31, 2018 $ 159,791 $ — $ 159,791 AdParlor Acquisition — 4,983 4,983 Balance as at December 31, 2019 $ 159,791 $ 4,983 $ 164,774 |
Note 10 - Long-term Debt, Net
Note 10 - Long-term Debt, Net | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 10. Long-term debt, net, related to the Refinanced Term Loan and Note Payable (as defined below) consisted of the following: (In thousands) December 31, 2019 December 31, 2018 Refinanced Term Loan due 2023 (less unamortized discount of $3,715) $ 48,571 $ 55,472 Note Payable due 2021 (less unamortized discount of $100) 2,400 — Long-term debt, net 50,971 55,472 Less: Current portion of long-term debt (6,873 ) (3,500 ) Long-term debt, net (non-current) $ 44,098 $ 51,972 Refinanced Term Loan In connection with the Spin-off of Red Violet, Fluent, LLC refinanced and fully repaid the existing term loans (the "Term Loans") and certain promissory notes (the "Promissory Notes"), which had been entered into on December 8, 2015, $70.0 No. 6 No. 6" March 26, 2018 ( December 31, 2019 $52.3. The Refinanced Term Loan is guaranteed by the Company and its direct and indirect subsidiaries, and is secured by substantially all of the assets of the Company and its direct and indirect subsidiaries, including Fluent, LLC, in each case, on an equal and ratable basis. The Refinanced Term Loan accrues interest at the rate of either, at Fluent's option, (a) LIBOR (subject to a floor of 0.50% 7.00% 6.0% $875 June 30, 2018. March 26, 2023. On March 26, 2018, $55,586 $11,425, $2,818 $3,136, third $193 5, Discontinued operations The Credit Agreement, as amended, requires the Company to maintain and comply with certain financial and other covenants, commencing with the fiscal quarter ended June 30, 2018 fourth December 31, 2019 s $2,123 . December 31, 2019 fourth December 31, 2019 Note Payable On July 1, 2019, 15, Business acquisition), $2,350, $150 4.28% not two first second December 31, 2019 $2.5. Maturities As of December 31, 2019 (In thousands) Year 2020 $ 6,873 2021 4,750 2022 3,500 2023 39,663 Total maturities $ 54,786 Fair value As of December 31, 2019 2 |
Note 11 - Income Taxes
Note 11 - Income Taxes | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 11. The Company is subject to federal and state income taxes in the United States. For the years ended December 31, 2019 2018 Year Ended December 31 (In thousands) 2019 2018 Current: Federal $ — $ — State — — Foreign 39 — Total current 39 — Deferred: Federal 439 3,726 State (20 ) 81 Foreign (18 ) Less: valuation allowance (366 ) (3,761 ) Total deferred 35 46 Income tax expense $ 74 $ 46 For the years ended December 31, 2019 2018 Year Ended December 31, (In thousands) 2019 2018 Income tax expense at federal statutory rate $ (351 ) 21.0 % $ 680 21.0 % Share-based compensation shortfall (windfall) (425 ) 25.4 7,080 218.7 Effect of state taxes, net of federal tax benefit (16 ) 1.0 64 2.0 Non-deductible items 934 (55.8 ) 585 18.1 Return to provision adjustment 224 (13.4 ) (4 ) (0.1 ) Foreign rate difference 3 — — — Other 71 (4.2 ) 27 0.8 Change in valuation allowance (366 ) 21.9 (8,386 ) (259.0 ) Income tax expense $ 74 (4.4 )% $ 46 1.4 % As of December 31, 2019 2018 (In thousands) December 31, 2019 December 31, 2018 Deferred tax assets: Net operating loss carryforwards $ 5,073 $ 8,908 Share-based compensation 6,322 5,753 Interest expense limitation 1,951 2,171 Accounts receivable, net 504 451 Accrued expenses and other current liabilities — 74 Property and equipment, net — 73 Acquisition costs 229 — Operating lease liability 2,910 Other 216 145 17,205 17,575 Valuation allowance (4,872 ) (5,238 ) 12,333 12,337 Deferred tax liabilities: Intangible assets (9,767 ) (12,383 ) Operating lease right-of-use asset (2,532 ) Deferred revenue (4 ) — Property and equipment, net (111 ) — (12,414 ) (12,383 ) Net deferred tax liability $ (81 ) $ (46 ) As of December 31, 2019 $21,661 $12,054 2035 $9,607 December 31, 2019 $31,170 2035 2014 2015 382 For the year ended December 31, 2018, $ 1,500 As of December 31, 2019 2018 $4,872 $5,238 December 31, 2019 may The Company continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. The Company files tax returns in federal and certain state and local jurisdictions. The 2015 2014 For the years ended December 31, 2019 2018 Year Ended December 31, (In thousands) 2019 2018 Unrecognized tax benefits, opening balance $ 1,480 $ 1,134 Increase in unrecognized tax benefits — 346 Unrecognized tax benefits, ending balance $ 1,480 $ 1,480 The unrecognized tax benefits, if recognized, would result in an increase to net operating losses that would be subject to a valuation allowance and, accordingly, result in no December 31, 2019 not The Company does not twelve |
Note 12 - Common Stock, Treasur
Note 12 - Common Stock, Treasury Stock and Warrants | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 12. Common stock As of December 31, 2019, 2018 2017 78,642,078 76,525,581 61,631,573, 2,768,399 1,233,198 352,523, For the year ended December 31, 2019 • An aggregate of 2,116,497 567,447 For the year ended December 31, 2018 • An aggregate of 12,194,008 875,675 • An aggregate of 2,700,000 $5.00 January 10, 2018, $13,392, $108. • Concurrent with the Registered Direct Offering, the Company issued to these institutional buyers, for no 1,350,000 $6.00 July 11, 2020. Treasury stock As of December 31, 2019, 2018 2017 2,768,399 1,233,198 352,523 $8,184 $3,272 $1,274, may For the year ended December 31, 2019 567,447 fourth 2019, the Company repurchased 967,754 of its own shares as part of a stock repurchase program authorized by the Company's Board of Directors on November 19, 2019 . For the year ended December 31, 2018 875,675 729,167 April 9, 2018 October 17, 2018, 5,000 Warrants As of December 31, 2019, 2018 2017 2,398,776 2,498,776 1,273,776 3.75 6.00 July 9, 2018 46,667 $0.0005 $3.00 66,666 $3.00 186,667 $3.00 November 2017, 300,000 not 300,000 $3.8334 during the period commencing January 1, 2019 December 15, 2019. December 6, 2019, December 15, 2019 January 31, 2020. 18, Subsequent events 480, Distinguishing Liabilities from Equity $3.8334 December 31, 2019 For the year ended December 31, 2018, 1,350,000 $6.00 not $3.8334 January 1, 2019 December 15, 2019 no $3.8334 Preferred stock As of December 31, 2019 2018 10 $ 0.0001 No |
Note 13 - Share-based Compensat
Note 13 - Share-based Compensation | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 13. As of December 31, 2019 two 2015 "2015 2018 "2018 21,087,368 December 31, 2019 3,623,502 2018 Spin-off of Red Violet On March 8, 2018, March 12, 2018 ( 5,157,998 47,500 4,960,498 500,000 2,500,000 150,000 $14,667 first 2018. In connection with the Spin-off of Red Violet, common stock awards comprised of an aggregate of 304,000 first 2018, $881 2,041,000 three $5,409 first 2018. In total, share-based compensation expense of $15,548, first 2018. 5, Discontinued operations Stock options On January 31, 2019, February 1, 2019 2018 50% 125% twenty 50% 156.25% twenty no first December 31, 2019 first 50% February 1, 2020. fifth $2.81 $2.86 Key Assumptions Exercise price $ 4.72 Expected term (in years) 1.0 1.3 Expected volatility 65 % Dividend yield — % Risk-free rate 2.61 % For the years ended December 31, 2019 2018 Number of options Weighted average exercise price per share Weighted average remaining contractual term (years) Aggregate intrinsic value Outstanding as of December 31, 2017 222,000 $ 12.59 5.4 — Expired (110,000 ) 11.17 Outstanding as of December 31, 2018 112,000 13.98 2.8 — Granted 2,064,000 4.72 9.1 Forfeited (56,000 ) 4.72 Outstanding as of December 31, 2019 2,120,000 5.21 8.7 — Options exercisable as of December 31, 2019 112,000 $ 13.98 1.8 — The aggregate intrinsic value amounts in the table above represent the difference between the closing price of the Company’s common stock at the end of the reporting period and the corresponding exercise prices, multiplied by the number of in-the-money stock options as of the same date. For the year ended December 31, 2019, $4,611 sales and marketing, product development and general and administrative expenses in the consolidated statement of operations. For December 31, 2018, $243 December 31, 2019 $1,082 Restricted stock units and restricted stock For the years ended December 31, 2019 2018 Weighted average Number of units grant date fair value Unvested as of December 31, 2017 8,150,905 $ 9.27 Granted (1) 4,598,125 2.63 Vested and delivered (11,468,333 ) 7.63 Withheld as treasury stock (2) (875,675 ) 6.05 Vested not delivered (3) 3,766,068 9.85 Forfeited (339,125 ) 4.68 Unvested as of December 31, 2018 3,831,965 7.95 Granted 2,275,094 4.82 Vested and delivered (1,549,050 ) 3.97 Withheld as treasury stock (2) (567,447 ) 4.13 Vested not delivered (3) 122,582 4.76 Forfeited (718,774 ) 4.13 Unvested as of December 31, 2019 3,394,370 $ 8.03 ( 1 As discussed in "Spin-off of Red Violet" above, included in the RSUs granted during the year ended December 31, 2018 304,000 first 2018, 2,041,000 three ( 2 As discussed in Note 12, Common stock, treasury stock and warrants December 31, 2019 2018 2,768,399 1,233,198 ( 3 Vested not December 31, 2019 122,582 not 740,334 617,752 December 31, 2018, 3,766,068 not d balance, as a result of the delivery of 5,807,068 2,041,000 December 31, 2019 2018 2,787,335 2,909,917 not For the years ended December 31, 2019 2018 (included in sales and marketing, product development, general and administrative and discontinued operations in the consolidated statements of operations, and intangible assets in the consolidated balance sheets) for R $5,819 $15,104, December 31, 2019 $9,583 As of December 31, 2019 $10,665 2.6 December 31, 2019 2018 Year Ended December 31, (In thousands) 2019 2018 Sales and marketing $ 971 $ 2,856 Product development 889 676 General and administrative 8,481 5,740 Spin-off transaction costs — 5,409 Discontinued operations — 15,712 10,341 30,393 Capitalized in intangible assets of continuing operations 89 423 Capitalized in intangible assets of discontinued operations — 181 Total $ 10,430 $ 30,997 |
Note 14 - Segment Information
Note 14 - Segment Information | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 14. The Company identifies operating segments as components of an entity for which discrete financial information is available and is regularly reviewed by the chief operating decision maker (“CODM”) in making decisions regarding resource allocation and performance assessment. The profitability measure employed by CODM is segment income (loss) from operations. As of December 31, 2019 two two one 15, Business acquisition Summarized financial information concerning the Company's segments is shown in the following tables below: Year Ended December 31, (In thousands) 2019 2018 Fluent segment revenue: United States $ 246,697 $ 227,269 International 31,138 23,011 Fluent segment revenue $ 277,835 $ 250,280 All Other segment revenue: United States $ 3,304 $ — International 545 — All Other segment revenue $ 3,849 $ — Segment income (loss) from operations: Fluent $ 5,093 $ 11,372 All Other 126 — Total income from operations 5,219 11,372 Interest expense, net (6,892 ) (8,134 ) (Loss) income before income taxes from continuing operations $ (1,673 ) $ 3,238 December 31, December 31, (In thousands) 2019 2018 Total assets: Fluent $ 296,714 $ 293,269 All Other 20,379 — Total assets $ 317,093 $ 293,269 |
Note 15 - Business Acquisition
Note 15 - Business Acquisition | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 15. On July 1, 2019, two June 17, 2019, v2 2017 01, Business Combinations (ASC 805 At closing, the Buyers paid to Sellers cash consideration of $7,302, $2,350 not two first second 10, Long-term debt, net twelve December 31, 2019 $483 The following table summarizes the preliminary fair values of the assets acquired and the liabilities assumed at the closing date: July 1, 2019 (In thousands) Cash and cash equivalents $ 56 Accounts receivable 7,835 Prepaid expenses and other current assets 54 Property and equipment 138 Intangible assets 4,700 Goodwill 4,983 Other non-current assets 28 Accounts payable (7,691 ) Accrued expenses and other current liabilities (418 ) Deferred revenue (33 ) Total net assets acquired $ 9,652 The preliminary fair values of the identifiable intangible assets and goodwill acquired at the closing date are as follows: Fair Value (in thousands) Weighted Average Amortization Period (Years) Trade name & trademarks $ 300 4 Developed technology 2,100 4 Customer relationships 2,300 6 Goodwill 4,983 Total intangible assets, net $ 9,683 With the assistance of a third not 15 December 31, 2019, |
Note 16 - Related Party Transac
Note 16 - Related Party Transactions | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 16. For the years ended December 31, 2019 2018 Business Consulting Agreement Pursuant to a Business Consulting Agreement, Marlin Capital Investments, LLC, an affiliate of Michael Brauser, the Company's Executive Chairman prior to the Spin-off, held RSUs representing the right to receive 2,000,000 October 13, 2015 not October 13, 2018, December 31, 2016. twelve December 31, 2018, $1,792, March 12, 2018, 500,000 $906 first 2018. Promissory Notes On December 8, 2015, 10% $10.0 $5.0 $4.0 $1.0 twelve December 31, 2018, $533, $426 $107 March 26, 2018, $5,713, $4,570 $1,143, Consulting Agreement On September 6, 2017, June 23, 2017, four no twelve December 31, 2018, $302 2,500,000 $6,468 first 2018. |
Note 17 - Contingencies
Note 17 - Contingencies | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 17. Except as disclosed below, the Company is not 450, not not In addition, the Company may not no not In the ordinary course of business, the Company is subject to loss contingencies that cover a range of matters. An estimated loss from a loss contingency, such as a legal proceeding or claim, is accrued if it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. In determining whether a loss should be accrued, the Company evaluates, among other factors, the degree of probability and the ability to reasonably estimate the amount of any such loss. On October 26, 2018, 63 12 349 , No. 17 108. December 13, 2018, not On June 27, 2019, two December 1, 2010 November 30, 2019, January 14 15, 2020, $8.2 $2.0 March 4, 2020. may $0.7 $3.7 On January 28, 2020, 15 §45 16 310, not |
Note 18 - Subsequent Events
Note 18 - Subsequent Events | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 18. On January 31, 2020, 12, Common stock, treasury stock and warrants 300,000 $1,150. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | (a) Basis of preparation The accompanying consolidated financial statements of the Company and its wholly owned subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (the "SEC"). Principles of consolidation All significant transactions among the Company and its subsidiaries have been eliminated upon consolidation. |
Use of Estimates, Policy [Policy Text Block] | (b) Use of estimates The preparation of consolidated financial statements in accordance with US GAAP requires the Company’s management to make estimates and assumptions relating to the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. Significant items subject to such estimates and assumptions include the allowance for doubtful accounts, useful lives of intangible assets, recoverability of the carrying amounts of goodwill and intangible assets, the portion of revenue subject to estimates for variances between internally-tracked conversions and those confirmed by the customer, purchase accounting and income tax provision. These estimates are often based on complex judgments and assumptions that management believes to be reasonable, but are inherently uncertain and unpredictable. Actual results could differ from these estimates. |
Cash and Cash Equivalents, Policy [Policy Text Block] | (c) Cash, cash equivalents and restricted cash Cash and cash equivalents consist of cash on hand and bank deposits with original maturities of three October 10, 2018 The Company’s cash, cash equivalents and restricted cash are held in major financial institutions located in the United States, which have high credit ratings. As of December 31, 2019 2018 Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, consist principally of cash investments. The Company places its temporary cash instruments with highly rated financial institutions within the United States, and, at times, may $250 |
Accounts Receivable [Policy Text Block] | (d) Accounts receivable and allowance for doubtful accounts Accounts receivable are due from customers, which are generally unsecured, and consist of amounts earned but not None The allowance for doubtful accounts is management’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. Management determines this allowance based on reviews of customer-specific facts and circumstances. Account balances are charged off against the allowance for doubtful accounts after all customary means of collection have been exhausted and the potential for recovery is considered remote. The Company does not December 31, 2019 2018 $1,967 $1,751 Movements within the allowance for doubtful accounts consist of the following: Year Ended December 31, (In thousands) 2019 2018 Beginning balance $ 1,751 $ 1,624 Charges to expenses 2,550 462 Write-offs (2,334 ) (335 ) Ending balance $ 1,967 $ 1,751 |
Property, Plant and Equipment, Policy [Policy Text Block] | (e) Property and equipment Property and equipment are stated at cost, net of accumulated depreciation or amortization. Expenditures for maintenance, repairs and minor renewals are charged to expense in the period incurred. Betterments and additions are capitalized. Property and equipment are depreciated on a straight-line basis over the estimated useful lives of the assets. Leasehold improvements are depreciated over the shorter of their estimated useful lives or lease terms that are reasonably assured. The estimated useful lives of property and equipment are as follows: Years Computer and network equipment 5 Furniture, fixtures and office equipment 7 Leasehold improvements 6-7 Assets to be disposed of, and for which there is a committed plan of disposal, whether through sale or abandonment, are reported at the lower of carrying value or fair value less costs to sell. When items of property and equipment are retired or otherwise disposed of, loss or income on disposal is recorded for the difference between the net book value and proceeds received therefrom. |
Business Combinations Policy [Policy Text Block] | (f) Business combination The Company records acquisitions pursuant to ASC 805, Business Combinations, not may may |
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | (g) Intangible assets other than goodwill The Company’s intangible assets are initially capitalized based on actual costs incurred, acquisition cost, or fair value if acquired as part of a business combination. These intangible assets are amortized on a straight-line basis over their respective estimated useful lives, which are the periods over which these assets are expected to contribute directly or indirectly to the future cash flows of the Company. The Company’s intangible assets represent purchased intellectual property, software developed for internal use, acquired proprietary technology, customer relationships, trade names, domain names, databases and non-competition agreements, including those resulting from acquisitions. Intangible assets have estimated useful lives of 2 20 In accordance with ASC 350 40, Software - Internal-Use Software, Finite-lived intangible assets are evaluated for impairment periodically, or whenever events or changes in circumstances indicate that their related carrying amounts may not 360 10 15, Impairment or Disposal of Long-Lived Assets. 360 10 15. Asset recoverability is an area involving management judgment, requiring assessment as to whether the carrying values of assets are supported by their undiscounted future cash flows. In estimating future cash flows, certain assumptions are required to be made in respect of highly uncertain matters such as revenue growth rates, operating expenses and terminal growth rates. For the year ended December 31, 2019, 8, Intangible assets, net December 31, 2018, not third 2019, September 30, 2019, not December 31, 2019, not |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | (h) Goodwill Goodwill represents the difference between the purchase price and the estimated fair value of net assets acquired, when accounted for by the acquisition method of accounting. As of December 31, 2019 2018 8, Intangible assets, net 8, Intangible assets, net 15, Business acquisition In accordance with ASC 350, Intangibles - Goodwill and Other , goodwill is tested at least annually for impairment, or when events or changes in circumstances indicate that the carrying amount of such assets may not not |
Fair Value of Financial Instruments, Policy [Policy Text Block] | (i) Fair value of financial instruments ASC 820, Fair Value Measurements and Disclosures, three • Level 1 • Level 2 • Level 3 no The fair value of the Company’s cash, cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities approximate their carrying values because of the short-term nature of these instruments. As of December 31, 2019 2 10, Long-term debt, net. |
Revenue from Contract with Customer [Policy Text Block] | (j) Revenue recognition Effective January 1, 2018, 2014 09, Revenue from Contracts with Customers 606" not no January 1, 2018 606. Revenue is recognized when control of goods or services is transferred to customers, in amounts that reflect the consideration the Company expects to be entitled to in exchange for those goods or services. The Company's performance obligation is typically to (a) deliver data records, based on predefined qualifying characteristics specified by the customer or (b) generate conversions, based on predefined user actions (for example, a click, a registration or the installation of an app) and subject to certain qualifying characteristics specified by the customer. The Company applies the practical expedient related to the review of a portfolio of contracts in reviewing the terms of customer contracts as one not Revenue is recognized upon satisfaction of associated performance obligations. The Company's customers simultaneously receive and consume the benefits provided, as the Company satisfies its performance obligations. Furthermore, the Company elected the "right to invoice" practical expedient available within ASC 606 10 55 18 not not For each identified performance obligation in a contract with a customer, the Company assesses whether it or the third third third no If a customer pays consideration before the Company's performance obligations are satisfied, such amounts are classified as deferred revenue on the consolidated balance sheets. As of December 31, 2019 2018 $1,140 $444 December 31, 2019 first 2020. When there is a delay between the period in which revenue is recognized and when a customer invoice is issued, revenue is recognized and the related amounts are recorded as unbilled revenue within accounts receivable on the consolidated balance sheets. As of December 31, 2019 2018 $29,061 $25,545 not Sales commissions are recorded at the time revenue is recognized and recorded in sales and marketing in the consolidated statements of operations. The Company has elected to utilize a practical expedient to expense incremental costs incurred related to obtaining a contract. In addition, the Company elected the practical expedient to not one |
Cost of Goods and Service [Policy Text Block] | (k) Cost of revenue (exclusive of depreciation and amortization) Cost of revenue primarily includes media and related costs, which consist of the cost to acquire traffic through the purchase of impressions, clicks or actions from publishers or third |
Advertising Cost [Policy Text Block] | (l) Advertising costs Advertising costs are charged to operations as incurred. For the years ended December 31, 2019 2018 $1,354 $1,471 |
Share-based Payment Arrangement [Policy Text Block] | (m) Share-based compensation The Company accounts for share-based compensation in accordance with ASC 718, Compensation - Stock Compensation 718" 718, |
Income Tax, Policy [Policy Text Block] | (n) Income taxes The Company accounts for income taxes in accordance with ASC 740, Income Taxes The effect on deferred tax assets and liabilities of a change in tax rates or laws is recognized in income in the period that the change in tax rates or laws is enacted. A valuation allowance is provided to reduce the amount of deferred tax assets if it is considered more likely than not not ASC 740 not 50% |
Earnings Per Share, Policy [Policy Text Block] | (o) Loss (income) per share Basic loss (income) per share is computed by dividing net loss by the weighted average number of common shares outstanding during the periods, in addition to restricted stock units ("RSUs") and restricted common stock that are vested not |
Segment Reporting, Policy [Policy Text Block] | (p) Segment data The Company identifies operating segments as components of an entity for which discrete financial information is available and is regularly reviewed by the chief operating decision maker in making decisions regarding resource allocation and performance assessment. The Company defines the term “chief operating decision maker” to be its chief executive officer. The Company has determined it has two two one 15, Business acquisition ) and is included in segment reporting for purposes of reconciliation of the respective balances below to the consolidated financial statements. “Fluent,” for the purposes of segment reporting, represents the consolidated operating results of the Company excluding “All Other.” |
Commitments and Contingencies, Policy [Policy Text Block] | (q) Contingencies In the ordinary course of business, the Company is subject to loss contingencies that cover a range of matters. An estimated loss from a loss contingency, such as a legal proceeding or claim, is accrued if it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. In determining whether a loss should be accrued, the Company evaluates, among other factors, the degree of probability and the ability to reasonably estimate the amount of any such loss. |
New Accounting Pronouncements, Policy [Policy Text Block] | (r) Recently issued and adopted accounting standards Accounting pronouncements not not In February 2016, No. 2016 02 2016 02" Leases (ASC 842 January 1, 2019, 2016 02 2018 11, Leases: Targeted Improvements, not As of January 1, 2019, 2016 02 $10,866 $11,138, 2016 02 not 2016 02. Subsequent to the adoption of ASC 842, Leases, 842 not not 6, Lease commitments In January 2016, No. 2016 13, Financial Instruments - Credit Losses, December 15, 2022, |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Year Ended December 31, (In thousands) 2019 2018 Beginning balance $ 1,751 $ 1,624 Charges to expenses 2,550 462 Write-offs (2,334 ) (335 ) Ending balance $ 1,967 $ 1,751 |
Property, Plant and Equipment, Useful Life [Table Text Block] | Years Computer and network equipment 5 Furniture, fixtures and office equipment 7 Leasehold improvements 6-7 |
Note 3 - Loss (Income) Per Sh_2
Note 3 - Loss (Income) Per Share (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Year Ended December 31, (In thousands, except share data) 2019 2018 Numerator: Net (loss) income from continuing operations $ (1,747 ) $ 3,192 Net loss from discontinued operations — (21,124 ) Net loss $ (1,747 ) $ (17,932 ) Denominator: Weighted average shares outstanding 76,357,393 73,470,197 Weighted average restricted shares vested not delivered 3,016,396 3,235,680 Total basic and diluted weighted average shares outstanding 79,373,789 76,705,877 Basic and diluted (loss) income per share: (1) Continuing operations $ (0.02 ) $ 0.04 Discontinued operations $ — $ (0.28 ) Net loss $ (0.02 ) $ (0.23 ) |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | Year Ended December 31, 2019 2018 Restricted stock units 3,394,370 3,831,965 Stock options 2,120,000 112,000 Warrants 2,398,776 2,498,776 Total anti-dilutive securities 7,913,146 6,442,741 |
Note 5 - Discontinued Operati_2
Note 5 - Discontinued Operations (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Disposal Groups, Including Discontinued Operations [Table Text Block] | Year Ended (In thousands) 2018 Major classes of line items constituting loss from discontinued operations: Revenue $ 3,325 Cost of revenue (exclusive of depreciation and amortization) 2,017 Sales and marketing 1,089 General and administrative 1,852 Depreciation and amortization 451 Loss from operations of discontinued operations, net of $0 income taxes (2,084 ) Loss on disposal of discontinued operations, net of $0 income taxes (19,040 ) Net loss from discontinued operations $ (21,124 ) Year Ended (In thousands) 2018 Share-based compensation expense (1) $ 15,548 Write-off of unamortized debt costs (2) 284 Write-off of certain prepaid expenses 198 Spin-off related professional fees 2,012 Spin-off related employee compensation 998 Loss on disposal of discontinued operations $ 19,040 |
Note 6 - Lease Commitments (Tab
Note 6 - Lease Commitments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Lease, Cost [Table Text Block] | Year Ended (In thousands) December 31, 2019 Operating leases: Rent expense $ 2,070 Financing lease: Leased furniture, fixtures and office equipment depreciation expense 243 Interest expense 43 Short-term leases: Rent expense 418 Total lease costs $ 2,774 December 31, 2019 Operating Leases Financing Lease Weighted average remaining lease-term (in years) 5.8 5.9 Weighted average discount rate 5.0 % 5.0 % |
Lease Liability Maturity [Table Text Block] | (In thousands) December 31, 2019 Year Operating Leases Financing Lease 2020 $ 2,282 $ 157 2021 2,287 157 2022 2,157 158 2023 2,222 169 2024 2,222 169 Thereafter 1,888 141 Total undiscounted cash flows 13,058 951 Less: imputed interest (1,720 ) (128 ) Present value of lease liabilities $ 11,338 $ 823 |
Lessee, Leases, Supplemental Cash Flow Information [Table Text Block] | Year Ended (In thousands) December 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for operating leases (1) $ 867 Operating cash flows used for financing lease $ 50 Lease liabilities related to the acquisition of right-of-use assets: Operating leases $ 568 |
Note 7 - Property and Equipme_2
Note 7 - Property and Equipment, Net (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | (In thousands) December 31, 2019 December 31, 2018 Computer and network equipment $ 453 $ 276 Furniture, fixtures and office equipment 940 564 Leased furniture, fixtures and office equipment 875 747 Leasehold improvements 1,290 1,023 Total cost of property and equipment 3,558 2,610 Less: accumulated depreciation and amortization (695 ) (1,230 ) Property and equipment, net $ 2,863 $ 1,380 |
Note 8 - Intangible Assets, N_2
Note 8 - Intangible Assets, Net (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | (In thousands) Amortization period (years) December 31, 2019 December 31, 2018 Gross amount: Software developed for internal use 3 $ 4,866 $ 3,037 Acquired proprietary technology 4-5 13,661 11,459 Customer relationships 6-10 37,286 34,986 Trade names 4-20 16,657 16,357 Domain names 20 191 191 Databases 5-10 31,292 31,292 Non-competition agreements 2-5 1,768 1,768 105,721 99,090 Accumulated amortization: Software developed for internal use (1,995 ) (1,282 ) Acquired proprietary technology (9,516 ) (6,987 ) Customer relationships (19,396 ) (14,417 ) Trade names (3,359 ) (2,504 ) Domain names (39 ) (29 ) Databases (14,182 ) (10,573 ) Non-competition agreements (1,631 ) (1,486 ) (50,118 ) (37,278 ) Net intangible assets: Software developed for internal use 2,871 1,755 Acquired proprietary technology 4,145 4,472 Customer relationships 17,890 20,569 Trade names 13,298 13,853 Domain names 152 162 Databases 17,110 20,719 Non-competition agreements 137 282 $ 55,603 $ 61,812 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | (In thousands) Year December 31, 2019 2020 $ 13,698 2021 10,885 2022 9,521 2023 4,718 2024 4,350 2025 and thereafter 12,431 Total $ 55,603 |
Note 9 - Goodwill (Tables)
Note 9 - Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | (In thousands) Fluent All Other Total Balance as at December 31, 2018 $ 159,791 $ — $ 159,791 AdParlor Acquisition — 4,983 4,983 Balance as at December 31, 2019 $ 159,791 $ 4,983 $ 164,774 |
Note 10 - Long-term Debt, Net (
Note 10 - Long-term Debt, Net (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | (In thousands) December 31, 2019 December 31, 2018 Refinanced Term Loan due 2023 (less unamortized discount of $3,715) $ 48,571 $ 55,472 Note Payable due 2021 (less unamortized discount of $100) 2,400 — Long-term debt, net 50,971 55,472 Less: Current portion of long-term debt (6,873 ) (3,500 ) Long-term debt, net (non-current) $ 44,098 $ 51,972 |
Schedule of Maturities of Long-term Debt [Table Text Block] | (In thousands) Year 2020 $ 6,873 2021 4,750 2022 3,500 2023 39,663 Total maturities $ 54,786 |
Note 11 - Income Taxes (Tables)
Note 11 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Year Ended December 31 (In thousands) 2019 2018 Current: Federal $ — $ — State — — Foreign 39 — Total current 39 — Deferred: Federal 439 3,726 State (20 ) 81 Foreign (18 ) Less: valuation allowance (366 ) (3,761 ) Total deferred 35 46 Income tax expense $ 74 $ 46 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Year Ended December 31, (In thousands) 2019 2018 Income tax expense at federal statutory rate $ (351 ) 21.0 % $ 680 21.0 % Share-based compensation shortfall (windfall) (425 ) 25.4 7,080 218.7 Effect of state taxes, net of federal tax benefit (16 ) 1.0 64 2.0 Non-deductible items 934 (55.8 ) 585 18.1 Return to provision adjustment 224 (13.4 ) (4 ) (0.1 ) Foreign rate difference 3 — — — Other 71 (4.2 ) 27 0.8 Change in valuation allowance (366 ) 21.9 (8,386 ) (259.0 ) Income tax expense $ 74 (4.4 )% $ 46 1.4 % |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | (In thousands) December 31, 2019 December 31, 2018 Deferred tax assets: Net operating loss carryforwards $ 5,073 $ 8,908 Share-based compensation 6,322 5,753 Interest expense limitation 1,951 2,171 Accounts receivable, net 504 451 Accrued expenses and other current liabilities — 74 Property and equipment, net — 73 Acquisition costs 229 — Operating lease liability 2,910 Other 216 145 17,205 17,575 Valuation allowance (4,872 ) (5,238 ) 12,333 12,337 Deferred tax liabilities: Intangible assets (9,767 ) (12,383 ) Operating lease right-of-use asset (2,532 ) Deferred revenue (4 ) — Property and equipment, net (111 ) — (12,414 ) (12,383 ) Net deferred tax liability $ (81 ) $ (46 ) |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | Year Ended December 31, (In thousands) 2019 2018 Unrecognized tax benefits, opening balance $ 1,480 $ 1,134 Increase in unrecognized tax benefits — 346 Unrecognized tax benefits, ending balance $ 1,480 $ 1,480 |
Note 13 - Share-based Compens_2
Note 13 - Share-based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Key Assumptions Exercise price $ 4.72 Expected term (in years) 1.0 1.3 Expected volatility 65 % Dividend yield — % Risk-free rate 2.61 % |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Number of options Weighted average exercise price per share Weighted average remaining contractual term (years) Aggregate intrinsic value Outstanding as of December 31, 2017 222,000 $ 12.59 5.4 — Expired (110,000 ) 11.17 Outstanding as of December 31, 2018 112,000 13.98 2.8 — Granted 2,064,000 4.72 9.1 Forfeited (56,000 ) 4.72 Outstanding as of December 31, 2019 2,120,000 5.21 8.7 — Options exercisable as of December 31, 2019 112,000 $ 13.98 1.8 — |
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | Weighted average Number of units grant date fair value Unvested as of December 31, 2017 8,150,905 $ 9.27 Granted (1) 4,598,125 2.63 Vested and delivered (11,468,333 ) 7.63 Withheld as treasury stock (2) (875,675 ) 6.05 Vested not delivered (3) 3,766,068 9.85 Forfeited (339,125 ) 4.68 Unvested as of December 31, 2018 3,831,965 7.95 Granted 2,275,094 4.82 Vested and delivered (1,549,050 ) 3.97 Withheld as treasury stock (2) (567,447 ) 4.13 Vested not delivered (3) 122,582 4.76 Forfeited (718,774 ) 4.13 Unvested as of December 31, 2019 3,394,370 $ 8.03 |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | Year Ended December 31, (In thousands) 2019 2018 Sales and marketing $ 971 $ 2,856 Product development 889 676 General and administrative 8,481 5,740 Spin-off transaction costs — 5,409 Discontinued operations — 15,712 10,341 30,393 Capitalized in intangible assets of continuing operations 89 423 Capitalized in intangible assets of discontinued operations — 181 Total $ 10,430 $ 30,997 |
Note 14 - Segment Information (
Note 14 - Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Year Ended December 31, (In thousands) 2019 2018 Fluent segment revenue: United States $ 246,697 $ 227,269 International 31,138 23,011 Fluent segment revenue $ 277,835 $ 250,280 All Other segment revenue: United States $ 3,304 $ — International 545 — All Other segment revenue $ 3,849 $ — Segment income (loss) from operations: Fluent $ 5,093 $ 11,372 All Other 126 — Total income from operations 5,219 11,372 Interest expense, net (6,892 ) (8,134 ) (Loss) income before income taxes from continuing operations $ (1,673 ) $ 3,238 December 31, December 31, (In thousands) 2019 2018 Total assets: Fluent $ 296,714 $ 293,269 All Other 20,379 — Total assets $ 317,093 $ 293,269 |
Note 15 - Business Acquisition
Note 15 - Business Acquisition (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | July 1, 2019 (In thousands) Cash and cash equivalents $ 56 Accounts receivable 7,835 Prepaid expenses and other current assets 54 Property and equipment 138 Intangible assets 4,700 Goodwill 4,983 Other non-current assets 28 Accounts payable (7,691 ) Accrued expenses and other current liabilities (418 ) Deferred revenue (33 ) Total net assets acquired $ 9,652 |
Schedule of Indefinite-lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] | Fair Value (in thousands) Weighted Average Amortization Period (Years) Trade name & trademarks $ 300 4 Developed technology 2,100 4 Customer relationships 2,300 6 Goodwill 4,983 Total intangible assets, net $ 9,683 |
Note 1 - Principal Activities_2
Note 1 - Principal Activities and Organization (Details Textual) | Mar. 19, 2018 | Dec. 31, 2019 |
Number of Consumer Brands | 500 | |
Stockholders' Equity Note, Stock Split, Conversion Ratio | 7.5 |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||
Sep. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2019 | Dec. 31, 2017 | |
Accounts Receivable, Allowance for Credit Loss, Ending Balance | $ 1,967 | $ 1,751 | $ 1,624 | ||
Impairment of Intangible Assets, Finite-lived | $ 0 | 0 | 0 | ||
Contract with Customer, Liability, Current | 1,140 | 444 | |||
Unbilled Receivables, Current | 29,061 | 25,545 | |||
Marketing and Advertising Expense, Total | 1,354 | 1,471 | |||
Operating Lease, Right-of-Use Asset | 9,865 | ||||
Operating Lease, Liability, Total | $ 11,338 | ||||
Accounting Standards Update 2016-02 [Member] | |||||
Operating Lease, Right-of-Use Asset | $ 10,866 | ||||
Operating Lease, Liability, Total | $ 11,138 | ||||
Minimum [Member] | |||||
Finite-Lived Intangible Asset, Useful Life | 2 years | ||||
Maximum [Member] | |||||
Finite-Lived Intangible Asset, Useful Life | 20 years |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Balance | $ 1,751 | $ 1,624 |
Provision for bad debts | 2,550 | 462 |
Write-offs | (2,334) | (335) |
Balance | $ 1,967 | $ 1,751 |
Note 2 - Summary of Significa_5
Note 2 - Summary of Significant Accounting Policies - Estimated Useful Lives of Property and Equipment (Details) | 12 Months Ended |
Dec. 31, 2019 | |
Computer Equipment [Member] | |
Useful Life (Year) | 5 years |
Furniture and Fixtures [Member] | |
Useful Life (Year) | 7 years |
Leasehold Improvements [Member] | Minimum [Member] | |
Useful Life (Year) | 6 years |
Leasehold Improvements [Member] | Maximum [Member] | |
Useful Life (Year) | 7 years |
Note 3 - Loss (Income) Per Sh_3
Note 3 - Loss (Income) Per Share - Basic and Diluted Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | ||
Net (loss) income from continuing operations | $ (1,747) | $ 3,192 | |
Net loss from discontinued operations | (21,124) | ||
Net loss | $ (1,747) | $ (17,932) | |
Weighted average shares outstanding (in shares) | 76,357,393 | 73,470,197 | |
Weighted average restricted shares vested not delivered (in shares) | 3,016,396 | 3,235,680 | |
Total basic and diluted weighted average shares outstanding (in shares) | 79,373,789 | 76,705,877 | |
Continuing operations (in dollars per share) | [1] | $ (0.02) | $ 0.04 |
Discontinued operations (in dollars per share) | [1] | (0.28) | |
Net loss (in dollars per share) | [1] | $ (0.02) | $ (0.23) |
[1] | (Loss) income per share amounts may contain summation differences due to rounding. |
Note 3 - Loss (Income) Per Sh_4
Note 3 - Loss (Income) Per Share - Antidilutive Securities Excluded from Calculation of Diluted Income (Loss) Per Share (Details) - shares | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Total anti-dilutive securities (in shares) | 7,913,146 | 6,442,741 |
Restricted Stock Units (RSUs) [Member] | ||
Total anti-dilutive securities (in shares) | 3,394,370 | 3,831,965 |
Share-based Payment Arrangement, Option [Member] | ||
Total anti-dilutive securities (in shares) | 2,120,000 | 112,000 |
Warrant [Member] | ||
Total anti-dilutive securities (in shares) | 2,398,776 | 2,498,776 |
Note 4 - Spin-off of Red Viol_2
Note 4 - Spin-off of Red Violet (Details Textual) - USD ($) $ in Thousands | Mar. 26, 2018 | Mar. 12, 2018 | Mar. 08, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Feb. 12, 2018 |
Disposal Group, Including Discontinued Operation, Cash Contributed | $ 19,700 | ||||||
Disposal Group, Including Discontinued Operation, Number of Shares Per Share Disposal Company | 7.5 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number | 5,157,998 | 5,157,998 | |||||
Share-based Payment Arrangement, Expense | $ 10,341 | $ 30,393 | |||||
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member] | |||||||
Share-based Payment Arrangement, Expense | $ 15,548 |
Note 5 - Discontinued Operati_3
Note 5 - Discontinued Operations (Details Textual) - USD ($) $ in Thousands | Mar. 26, 2018 | Mar. 31, 2018 | Dec. 31, 2018 | |
Stockholders' Equity Note, Spinoff Transaction | $ (41,500) | |||
Red Violet, Inc [Member] | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member] | ||||
Stockholders' Equity Note, Spinoff Transaction | $ 41,500 | |||
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax, Total | (19,040) | |||
Discontinued Operation, Noncash Gain (Loss) from Disposal of Discontinued Operation, Before Income Tax | (16,030) | |||
Write off of Deferred Debt Issuance Cost | [1] | $ 284 | ||
Discontinued Operation, Spin-off Transaction Costs | $ 7,708 | |||
Spinoff Transaction Costs, Non Cash, Share Based Compensation | $ 5,409 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 2,041,000 | |||
Spinoff Transaction Costs, Cash, Compensation | $ 2,299 | |||
[1] | As discussed in Note 10, Long-term debt, net, in connection with the Spin-off, the Company repaid the Promissory Notes to certain shareholders, which resulted in a write-off of unamortized debt costs of $284. |
Note 5 - Discontinued Operati_4
Note 5 - Discontinued Operations - Financial Results of Operations (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Loss from operations of discontinued operations, income taxes | $ 0 | $ 0 | ||
Loss on disposal of discontinued operations, income taxes | 0 | 0 | ||
Loss from operations of discontinued operations, net of $0 income taxes | (2,084) | |||
Loss on disposal of discontinued operations, net of $0 income taxes | (19,040) | |||
Net loss from discontinued operations | (21,124) | |||
Share-based Payment Arrangement, Expense | $ 10,341 | 30,393 | ||
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member] | ||||
Share-based Payment Arrangement, Expense | $ 15,548 | |||
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member] | Red Violet, Inc [Member] | ||||
Loss from operations of discontinued operations, income taxes | 0 | |||
Loss on disposal of discontinued operations, income taxes | 0 | |||
Revenue | 3,325 | |||
Cost of revenue (exclusive of depreciation and amortization) | 2,017 | |||
Sales and marketing | 1,089 | |||
General and administrative | 1,852 | |||
Depreciation and amortization | 451 | |||
Loss from operations of discontinued operations, net of $0 income taxes | (2,084) | |||
Loss on disposal of discontinued operations, net of $0 income taxes | (19,040) | |||
Net loss from discontinued operations | (21,124) | |||
Share-based Payment Arrangement, Expense | [1] | 15,548 | ||
Write-off of unamortized debt costs | [2] | 284 | ||
Write-off of certain prepaid expenses | 198 | |||
Spin-off related professional fees | 2,012 | |||
Spin-off related employee compensation | 998 | |||
Loss on disposal of discontinued operations | $ 19,040 | |||
[1] | As discussed and defined in Note 4, Spin-off of Red Violet, share-based compensation expense represents non-cash expense in connection with the Acceleration. | |||
[2] | As discussed in Note 10, Long-term debt, net, in connection with the Spin-off, the Company repaid the Promissory Notes to certain shareholders, which resulted in a write-off of unamortized debt costs of $284. |
Note 6 - Lease Commitments (Det
Note 6 - Lease Commitments (Details Textual) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019USD ($) | Oct. 10, 2018USD ($)ft² | |
Lessee, Operating Lease, Term of Contract | 7 years | |
Area of Real Estate Property | ft² | 42,685 | |
Collateralized Agreements, Total | $ 1,480 | |
Payments for (Proceeds from) Tenant Allowance | $ 640 |
Note 6 - Lease Commitments - Le
Note 6 - Lease Commitments - Lease Costs (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2019USD ($) | |
Rent expense, operating leases | $ 2,070 |
Leased furniture, fixtures and office equipment depreciation expense, finance lease | 243 |
Interest expense, finance lease | 43 |
Rent expense, short-term leases | 418 |
Total lease costs | $ 2,774 |
Weighted average remaining lease-term (in years), operating leases (Year) | 5 years 292 days |
Weighted average remaining lease-term (in years), finance lease (Year) | 5 years 328 days |
Weighted average discount rate, operating leases | 5.00% |
Weighted average discount rate, finance lease | 5.00% |
Note 6 - Lease Commitments - Sc
Note 6 - Lease Commitments - Scheduled Future Maturities of Lease Liabilities (Details) $ in Thousands | Dec. 31, 2019USD ($) |
2020, operating leases | $ 2,282 |
2020, finance lease | 157 |
2021, operating leases | 2,287 |
2021, finance lease | 157 |
2022, operating leases | 2,157 |
2022, finance lease | 158 |
2023, operating leases | 2,222 |
2023, finance lease | 169 |
2024, operating leases | 2,222 |
2024, finance lease | 169 |
Thereafter, operating leases | 1,888 |
Thereafter, finance lease | 141 |
Total undiscounted cash flows, operating leases | 13,058 |
Total undiscounted cash flows, finance lease | 951 |
Less: imputed interest, operating leases | (1,720) |
Less: imputed interest, finance lease | (128) |
Present value of lease liabilities, operating leases | 11,338 |
Present value of lease liabilities, finance lease | $ 823 |
Note 6 - Lease Commitments - Su
Note 6 - Lease Commitments - Supplemental Cash Flow Information (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019USD ($) | ||
Operating cash flows used for operating leases (1) | $ 867 | [1] |
Operating cash flows used for financing lease | 50 | |
Operating leases | $ 568 | |
[1] | For the year ended December 31, 2019, the Company received a cash reimbursement of $640 for tenant improvements made to its New York City corporate headquarters. |
Note 7 - Property and Equipme_3
Note 7 - Property and Equipment, Net (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Depreciation, Total | $ 743 | $ 490 |
Note 7 - Property and Equipme_4
Note 7 - Property and Equipment, Net - Property and Equipment (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Total cost of property and equipment | $ 3,558 | $ 2,610 |
Less: accumulated depreciation and amortization | (695) | (1,230) |
Property and equipment, net | 2,863 | 1,380 |
Computer Equipment [Member] | ||
Total cost of property and equipment | 453 | 276 |
Furniture and Fixtures [Member] | ||
Total cost of property and equipment | 940 | 564 |
Leased Furniture, Fixtures, and Office Equipment [Member] | ||
Total cost of property and equipment | 875 | 747 |
Leasehold Improvements [Member] | ||
Total cost of property and equipment | $ 1,290 | $ 1,023 |
Note 8 - Intangible Assets, N_3
Note 8 - Intangible Assets, Net (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Amortization of Intangible Assets, Total | $ 13,197 | $ 12,684 |
Capitalized Computer Software, Additions | 2,713 | 1,659 |
Capitalized Computer Software, Impairments | 425 | $ 1,517 |
Asset Purchase Agreement [Member] | ||
Capitalized Computer Software, Additions | $ 4,700 |
Note 8 - Intangible Assets, N_4
Note 8 - Intangible Assets, Net - Intangible Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Total gross amount | $ 105,721 | $ 99,090 |
Total accumulated amortization | (50,118) | (37,278) |
Intangible assets, net | $ 55,603 | 61,812 |
Minimum [Member] | ||
Amortization period (Year) | 2 years | |
Maximum [Member] | ||
Amortization period (Year) | 20 years | |
Computer Software, Intangible Asset [Member] | ||
Amortization period (Year) | 3 years | |
Total gross amount | $ 4,866 | 3,037 |
Total accumulated amortization | (1,995) | (1,282) |
Intangible assets, net | 2,871 | 1,755 |
Acquired Proprietary Technology [Member] | ||
Total gross amount | 13,661 | 11,459 |
Total accumulated amortization | (9,516) | (6,987) |
Intangible assets, net | $ 4,145 | 4,472 |
Acquired Proprietary Technology [Member] | Minimum [Member] | ||
Amortization period (Year) | 4 years | |
Acquired Proprietary Technology [Member] | Maximum [Member] | ||
Amortization period (Year) | 5 years | |
Customer Relationships [Member] | ||
Total gross amount | $ 37,286 | 34,986 |
Total accumulated amortization | (19,396) | (14,417) |
Intangible assets, net | $ 17,890 | 20,569 |
Customer Relationships [Member] | Minimum [Member] | ||
Amortization period (Year) | 6 years | |
Customer Relationships [Member] | Maximum [Member] | ||
Amortization period (Year) | 10 years | |
Trade Names [Member] | ||
Total gross amount | $ 16,657 | 16,357 |
Total accumulated amortization | (3,359) | (2,504) |
Intangible assets, net | $ 13,298 | 13,853 |
Trade Names [Member] | Minimum [Member] | ||
Amortization period (Year) | 4 years | |
Trade Names [Member] | Maximum [Member] | ||
Amortization period (Year) | 20 years | |
Internet Domain Names [Member] | ||
Amortization period (Year) | 20 years | |
Total gross amount | $ 191 | 191 |
Total accumulated amortization | (39) | (29) |
Intangible assets, net | 152 | 162 |
Database Rights [Member] | ||
Total gross amount | 31,292 | 31,292 |
Total accumulated amortization | (14,182) | (10,573) |
Intangible assets, net | $ 17,110 | 20,719 |
Database Rights [Member] | Minimum [Member] | ||
Amortization period (Year) | 5 years | |
Database Rights [Member] | Maximum [Member] | ||
Amortization period (Year) | 10 years | |
Noncompete Agreements [Member] | ||
Total gross amount | $ 1,768 | 1,768 |
Total accumulated amortization | (1,631) | (1,486) |
Intangible assets, net | $ 137 | $ 282 |
Noncompete Agreements [Member] | Minimum [Member] | ||
Amortization period (Year) | 2 years | |
Noncompete Agreements [Member] | Maximum [Member] | ||
Amortization period (Year) | 5 years |
Note 8 - Intangible Assets, N_5
Note 8 - Intangible Assets, Net - Estimated Amortization Expenses (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
2020 | $ 13,698 | |
2021 | 10,885 | |
2022 | 9,521 | |
2023 | 4,718 | |
2024 | 4,350 | |
2025 and thereafter | 12,431 | |
Total | $ 55,603 | $ 61,812 |
Note 9 - Goodwill - Change in C
Note 9 - Goodwill - Change in Carrying Value of Goodwill (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2019USD ($) | |
Balance as at December 31, 2018 | $ 159,791 |
AdParlor Acquisition | 4,983 |
Balance as at December 31, 2019 | 164,774 |
Fluent Segment [Member] | |
Balance as at December 31, 2018 | 159,791 |
AdParlor Acquisition | |
Balance as at December 31, 2019 | 159,791 |
Other Segments [Member] | |
Balance as at December 31, 2018 | |
AdParlor Acquisition | 4,983 |
Balance as at December 31, 2019 | $ 4,983 |
Note 10 - Long-term Debt, Net_2
Note 10 - Long-term Debt, Net (Details Textual) - USD ($) $ in Thousands | Mar. 26, 2018 | Dec. 31, 2019 | Jul. 01, 2019 | Dec. 31, 2018 | Dec. 08, 2015 |
Long-term Debt, Gross | $ 54,786 | ||||
Long-term Debt, Total | 50,971 | $ 55,472 | |||
Refinanced Term Loan [Member] | |||||
Debt Instrument, Face Amount | $ 70,000 | ||||
Long-term Debt, Gross | 52,300 | ||||
Debt Instrument, Interest Rate Floor | 0.50% | ||||
Debt Instrument, Quarterly Principal Amortization | $ 875 | ||||
Payment for Debt Extinguishment or Debt Prepayment Cost | 2,123 | ||||
Debt Related Commitment Fees and Debt Issuance Costs | $ 193 | ||||
Long-term Debt, Total | 48,571 | 55,472 | |||
Debt Instrument, Unamortized Discount, Total | 3,715 | ||||
Refinanced Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 7.00% | ||||
Refinanced Term Loan [Member] | Base Rate [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 6.00% | ||||
The Term Loans [Member] | |||||
Repayments of Debt | $ 55,586 | ||||
Payment for Debt Extinguishment or Debt Prepayment Cost | 2,818 | ||||
Debt Issuance Costs, Net, Total | 3,136 | ||||
Promissory Notes [Member] | |||||
Debt Instrument, Face Amount | $ 10,000 | ||||
Repayments of Debt | $ 11,425 | ||||
Long-term Debt, Total | 2,400 | ||||
Debt Instrument, Unamortized Discount, Total | 100 | ||||
Promissory Notes [Member] | Asset Purchase Agreement [Member] | |||||
Long-term Debt, Gross | $ 2,500 | ||||
Long-term Debt, Total | $ 2,350 | ||||
Debt Instrument, Unamortized Discount, Total | $ 150 | ||||
Debt Instrument, Interest Rate, Effective Percentage | 4.28% |
Note 10 - Long-term Debt, Net -
Note 10 - Long-term Debt, Net - Long-term Debt (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Long-term debt | $ 50,971 | $ 55,472 |
Less: Current portion of long-term debt | (6,873) | (3,500) |
Long-term debt, net (non-current) | 44,098 | 51,972 |
Refinanced Term Loan [Member] | ||
Long-term debt | 48,571 | 55,472 |
Promissory Notes [Member] | ||
Long-term debt | $ 2,400 |
Note 10 - Long-term Debt, Net_3
Note 10 - Long-term Debt, Net - Long-term Debt (Details) (Parentheticals) $ in Thousands | Dec. 31, 2019USD ($) |
Refinanced Term Loan [Member] | |
Long-term debt, unamortized discount | $ 3,715 |
Promissory Notes [Member] | |
Long-term debt, unamortized discount | $ 100 |
Note 10 - Long-term Debt, Net_4
Note 10 - Long-term Debt, Net - Scheduled Future Maturities (Details) $ in Thousands | Dec. 31, 2019USD ($) |
2020 | $ 6,873 |
2021 | 4,750 |
2022 | 3,500 |
2023 | 39,663 |
Total maturities | $ 54,786 |
Note 11 - Income Taxes (Details
Note 11 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Deferred Tax Assets, Valuation Allowance, Total | $ 4,872 | $ 5,238 |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total | 0 | |
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member] | ||
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | (1,500) | |
Deferred Tax Liabilities, Parent's Basis in Discontinued Operation | $ 1,500 | |
Domestic Tax Authority [Member] | ||
Operating Loss Carryforwards, Total | 21,661 | |
Operating Loss Carryforwards, Subject to Expiration | 12,054 | |
Operating Loss Carryforwards. Not Subject to Expiration | $ 9,607 | |
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Open Tax Year | 2015 2016 2017 2018 2019 | |
State and Local Jurisdiction [Member] | ||
Operating Loss Carryforwards, Total | $ 31,170 | |
State and Local Jurisdiction [Member] | New York State Division of Taxation and Finance [Member] | ||
Open Tax Year | 2015 2016 2017 2018 2019 | |
State and Local Jurisdiction [Member] | California Franchise Tax Board [Member] | ||
Open Tax Year | 2015 2016 2017 2018 2019 | |
State and Local Jurisdiction [Member] | New York City Department of Finance [Member] | ||
Open Tax Year | 2015 2016 2017 2018 2019 |
Note 11 - Income Taxes - Schedu
Note 11 - Income Taxes - Schedule of Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Current: | ||
Federal | ||
State | ||
Foreign | 39 | |
Total current | 39 | |
Deferred: | ||
Federal | 439 | 3,726 |
State | (20) | 81 |
Foreign | (18) | |
Less: valuation allowance | (366) | (3,761) |
Total deferred | 35 | 46 |
Income tax expense | $ 74 | $ 46 |
Note 11 - Income Taxes - Reconc
Note 11 - Income Taxes - Reconciliation of Effective Income Tax Rate (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Income tax expense at federal statutory rate | $ (351) | $ 680 |
Income tax expense at federal statutory rate, percentage | 21.00% | 21.00% |
Share-based compensation shortfall (windfall) | $ (425) | $ 7,080 |
Share-based compensation shortfall (windfall), percentage | 25.40% | 218.70% |
Effect of state taxes, net of federal tax benefit | $ (16) | $ 64 |
Effect of state taxes, net of federal tax benefit, percentage | 1.00% | 2.00% |
Non-deductible items | $ 934 | $ 585 |
Non-deductible items, percentage | (55.80%) | 18.10% |
Return to provision adjustment | $ 224 | $ (4) |
Return to provision adjustment, percentage | (13.40%) | (0.10%) |
Foreign rate difference | $ 3 | |
Foreign rate difference, percentage | ||
Other | $ 71 | $ 27 |
Other, percentage | (4.20%) | 0.80% |
Change in valuation allowance | $ (366) | $ (8,386) |
Change in valuation allowance, percentage | 21.90% | (259.00%) |
Income tax expense | $ 74 | $ 46 |
Income tax expense, percentage | (4.40%) | 1.40% |
Note 11 - Income Taxes - Deferr
Note 11 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Net operating loss carryforwards | $ 5,073 | $ 8,908 |
Share-based compensation | 6,322 | 5,753 |
Interest expense limitation | 1,951 | 2,171 |
Accounts receivable, net | 504 | 451 |
Accrued expenses and other current liabilities | 74 | |
Property and equipment, net | 73 | |
Acquisition costs | 229 | |
Operating lease liability | 2,910 | |
Other | 216 | 145 |
17,205 | 17,575 | |
Valuation allowance | (4,872) | (5,238) |
12,333 | 12,337 | |
Intangible assets | (9,767) | (12,383) |
Operating lease right-of-use asset | (2,532) | |
Deferred revenue | (4) | |
Property and equipment, net | (111) | |
(12,414) | (12,383) | |
Net deferred tax liability | $ (81) | $ (46) |
Note 11 - Income Taxes - Reco_2
Note 11 - Income Taxes - Reconciliation of Gross Amounts of Unrecognized Tax Benefits, Excluding Accrued Interest and Penalties (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Unrecognized tax benefits, opening balance | $ 1,480 | $ 1,134 |
Increase in unrecognized tax benefits | 346 | |
Unrecognized tax benefits, ending balance | $ 1,480 | $ 1,480 |
Note 12 - Common Stock, Treas_2
Note 12 - Common Stock, Treasury Stock and Warrants (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Oct. 17, 2018 | Apr. 09, 2018 | Jan. 10, 2018 | Nov. 30, 2017 | Dec. 31, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Jul. 09, 2018 | Dec. 31, 2017 |
Common Stock, Shares, Issued, Total | 78,642,078 | 78,642,078 | 76,525,581 | 61,631,573 | |||||
Treasury Stock, Shares, Ending Balance | 2,768,399 | 2,768,399 | 1,233,198 | 352,523 | |||||
Proceeds from Issuance of Common Stock | $ 13,392 | ||||||||
Treasury Stock, Value, Ending Balance | $ 8,184 | $ 8,184 | $ 3,272 | $ 1,274 | |||||
Treasury Stock, Shares, Acquired | 5,000 | 967,754 | |||||||
Class of Warrant or Right, Outstanding | 2,398,776 | 2,398,776 | 2,498,776 | 1,273,776 | |||||
Common Stock, Par or Stated Value Per Share | $ 0.0005 | $ 0.0005 | $ 0.0005 | ||||||
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 | 10,000,000 | ||||||
Preferred Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||||||
Preferred Stock, Shares Issued, Total | 0 | 0 | 0 | ||||||
Preferred Stock, Shares Outstanding, Ending Balance | 0 | 0 | 0 | ||||||
Whitehorse Finance, Inc. [Member] | |||||||||
Stock Issued During Period, Warrants Exercise, Shares | 300,000 | ||||||||
Minimum [Member] | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 3.75 | $ 3.75 | |||||||
Maximum [Member] | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 6 | $ 6 | |||||||
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member] | |||||||||
Treasury Stock, Shares, Acquired | 729,167 | ||||||||
Registered Direct Offering Warrants [Member] | |||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 1,350,000 | 1,350,000 | |||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 6 | $ 6 | |||||||
Amended Whitehorse Warrants [Member] | |||||||||
Class of Warrant or Right, Put Price | $ 3.8334 | $ 3.8334 | |||||||
Amended Whitehorse Warrants [Member] | H.I.G. Whitehorse SMA ABF, L.P. [Member] | |||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 46,667 | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 3 | ||||||||
Common Stock, Par or Stated Value Per Share | $ 0.0005 | ||||||||
Amended Whitehorse Warrants [Member] | H.I.G. Whitehorse SMA Holdings I, LLC [Member] | |||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 66,666 | ||||||||
Common Stock, Par or Stated Value Per Share | $ 3 | ||||||||
Amended Whitehorse Warrants [Member] | Whitehorse Finance, Inc. [Member] | |||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 186,667 | ||||||||
Common Stock, Par or Stated Value Per Share | $ 3 | ||||||||
Registered Direct Offering [Member] | |||||||||
Stock Issued During Period, Shares, New Issues | 2,700,000 | ||||||||
Shares Issued, Price Per Share | $ 5 | ||||||||
Proceeds from Issuance of Common Stock | $ 13,392 | ||||||||
Payments of Stock Issuance Costs | $ 108 | ||||||||
Restricted Stock Units (RSUs) [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 2,116,497 | 12,194,008 | |||||||
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation | 567,447 | 875,675 |
Note 13 - Share-based Compens_3
Note 13 - Share-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Feb. 01, 2019 | Mar. 12, 2018 | Mar. 08, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number | 5,157,998 | 5,157,998 | |||||||
Share-based Payment Arrangement, Accelerated Cost | $ 14,667 | ||||||||
Share-based Payment Arrangement, Expense | $ 10,341 | $ 30,393 | |||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 10,665 | ||||||||
Treasury Stock, Shares, Ending Balance | 2,768,399 | 1,233,198 | 352,523 | ||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 2 years 219 days | ||||||||
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member] | |||||||||
Share-based Payment Arrangement, Expense | $ 15,548 | ||||||||
Board of Directors Chairman [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number | 2,500,000 | ||||||||
Share-based Payment Arrangement, Expense | $ 6,468 | ||||||||
Share-based Payment Arrangement, Option [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number | 47,500 | ||||||||
Share-based Payment Arrangement, Expense | $ 4,611 | $ 243 | |||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 1,082 | ||||||||
Restricted Stock Units (RSUs) [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number | 4,960,498 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 2,275,094 | 4,598,125 | [1] | ||||||
Share-based Payment Arrangement, Expense | $ 5,819 | $ 15,104 | |||||||
Share Based Compensation Arrangement by Share Based Payment Award Equity Instruments Other than Options Vested and Unissued in Period | [2] | 122,582 | 3,766,068 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 617,752 | ||||||||
Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Change in Vested And Unissued Shares | (122,582) | (3,766,068) | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Previously Vested and Delivered in Period | 5,807,068 | ||||||||
Share Based Compensation Arrangement by Share Based Payment Award Equity Instruments Other than Options Vested and Unissued Outstanding | 2,787,335 | 2,909,917 | |||||||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 9,583 | ||||||||
Restricted Stock Units (RSUs) [Member] | Marlin Capital Investments, LLC [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number | 500,000 | 500,000 | |||||||
Share-based Payment Arrangement, Accelerated Cost | $ 906 | ||||||||
Restricted Stock Units (RSUs) [Member] | Board of Directors Chairman [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number | 2,500,000 | ||||||||
Restricted Stock [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number | 150,000 | ||||||||
Spinoff Grants [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 304,000 | ||||||||
Spinoff Grants [Member] | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 304,000 | ||||||||
Share-based Payment Arrangement, Expense | $ 881 | ||||||||
Transaction Grants [Member] | |||||||||
Share Based Compensation Arrangement by Share Based Payment Award Equity Instruments Other than Options Vested and Unissued in Period | 2,041,000 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Delivered in Period | 740,334 | ||||||||
Transaction Grants [Member] | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member] | |||||||||
Share Based Compensation Arrangement by Share Based Payment Award Equity Instruments Other than Options Vested and Unissued in Period | 2,041,000 | ||||||||
Sharebased Compensation Award, Deferred Delivery Period | 3 years | ||||||||
Spinoff Transaction Costs, Non Cash, Share Based Compensation | $ 5,409 | ||||||||
The 2015 Stock Incentive Plan and 2018 Stock Incentive Plan [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 21,087,368 | ||||||||
The 2018 Stock Incentive Plan [Member] | |||||||||
Common Stock, Capital Shares Reserved for Future Issuance | 3,623,502 | ||||||||
The 2018 Stock Incentive Plan [Member] | Minimum [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 2.81 | ||||||||
The 2018 Stock Incentive Plan [Member] | Maximum [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 2.86 | ||||||||
The 2018 Stock Incentive Plan [Member] | Share-based Payment Arrangement, Option [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | ||||||||
The 2018 Stock Incentive Plan [Member] | Share-based Payment Arrangement, Option [Member] | Vesting if Stock Price is Above 125 Percent of Exercise Price For 20 Consecutive Days [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 50.00% | ||||||||
The 2018 Stock Incentive Plan [Member] | Share-based Payment Arrangement, Option [Member] | Share-based Payment Arrangement, Tranche One [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 125.00% | ||||||||
The 2018 Stock Incentive Plan [Member] | Share-based Payment Arrangement, Option [Member] | Vesting if Stock Price is Above 156 point 25 Percent of Exercise Price For 20 Consecutive Days [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 50.00% | ||||||||
The 2018 Stock Incentive Plan [Member] | Share-based Payment Arrangement, Option [Member] | Share-based Payment Arrangement, Tranche Two [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 156.25% | ||||||||
[1] | As discussed in "Spin-off of Red Violet" above, included in the RSUs granted during the year ended December 31, 2018 were an aggregate of 304,000 shares of Spin-off Grants that vested and were delivered in the first quarter of 2018, and an aggregate of 2,041,000 shares of Transaction Grants that vested but were subject to deferred delivery over a three-year period. | ||||||||
[2] | Vested not delivered represents vested RSUs with delivery deferred to a future time. During the year ended December 31, 2019, there was a net decrease of 122,582 shares included in vested not delivered balance as a result of the delivery of 740,334 shares of Transaction Grants, partially offset by the vesting of 617,752 shares with deferred delivery election. During the year ended December 31, 2018, there was a net decrease of 3,766,068 shares included in vested not delivered balance, as a result of the delivery of 5,807,068 RSUs, partially offset by the vesting of the 2,041,000 shares of Transaction Grants subject to deferred delivery. As of December 31, 2019 and 2018, there were 2,787,335 and 2,909,917 outstanding RSUs included in vested not delivered, respectively. |
Note 13 - Share-based Compens_4
Note 13 - Share-based Compensation - Key Assumptions (Details) | 12 Months Ended |
Dec. 31, 2019$ / shares | |
Exercise price (in dollars per share) | $ 4.72 |
Expected volatility | 65.00% |
Dividend yield | |
Risk-free rate | 2.61% |
Minimum [Member] | |
Expected term (Year) | 1 year |
Maximum [Member] | |
Expected term (Year) | 1 year 109 days |
Note 13 - Share-based Compens_5
Note 13 - Share-based Compensation - Stock Option Activity (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Outstanding, number of options (in shares) | 112,000 | 222,000 | |
Outstanding, weighted average exercise price per share (in dollars per share) | $ 13.98 | $ 12.59 | |
Outstanding, weighted average remaining contractual term (Year) | 8 years 255 days | 2 years 292 days | 5 years 146 days |
Expired, number of options (in shares) | (110,000) | ||
Expired, weighted average exercise price per share (in dollars per share) | $ 11.17 | ||
Outstanding, aggregate intrinsic value | |||
Granted, number of options (in shares) | 2,064,000 | ||
Granted, weighted average exercise price per share (in dollars per share) | $ 4.72 | ||
Granted, weighted average remaining contractual term (Year) | 9 years 36 days | ||
Forfeited, number of options (in shares) | (56,000) | ||
Forfeited, weighted average exercise price per share (in dollars per share) | $ 4.72 | ||
Outstanding, number of options (in shares) | 2,120,000 | 112,000 | 222,000 |
Outstanding, weighted average exercise price per share (in dollars per share) | $ 5.21 | $ 13.98 | $ 12.59 |
Options exercisable, number of options (in shares) | 112,000 | ||
Options exercisable, weighted average exercise price per share (in dollars per share) | $ 13.98 | ||
Options exercisable, weighted average remaining contractual term (Year) | 1 year 292 days | ||
Options exercisable, aggregate intrinsic value |
Note 13 - Share-based Compens_6
Note 13 - Share-based Compensation - Restricted Stock Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | |||
Unvested, number of units (in shares) | 3,831,965 | 8,150,905 | ||
Unvested, weighted average grant-date fair value (in dollars per share) | $ 7.95 | $ 9.27 | ||
Granted, number of units (in shares) | 2,275,094 | 4,598,125 | [1] | |
Granted, weighted average grant-date fair value (in dollars per share) | $ 4.82 | $ 2.63 | [1] | |
Vested and delivered, number of units (in shares) | (1,549,050) | (11,468,333) | ||
Vested and delivered, weighted average grant-date fair value (in dollars per share) | $ 3.97 | $ 7.63 | ||
Withheld as treasury stock, number of units (in shares) | [2] | (567,447) | (875,675) | |
Withheld as treasury stock, weighted average grant-date fair value (in dollars per share) | [2] | $ 4.13 | $ 6.05 | |
Vested not delivered, number of units (in shares) | [3] | 122,582 | 3,766,068 | |
Vested not delivered, weighted average grant-date fair value (in dollars per share) | [3] | $ 4.76 | $ 9.85 | |
Forfeited, number of units (in shares) | (718,774) | (339,125) | ||
Forfeited, weighted average grant-date fair value (in dollars per share) | $ 4.13 | $ 4.68 | ||
Unvested, number of units (in shares) | 3,394,370 | 3,831,965 | ||
Unvested, weighted average grant-date fair value (in dollars per share) | $ 8.03 | $ 7.95 | ||
[1] | As discussed in "Spin-off of Red Violet" above, included in the RSUs granted during the year ended December 31, 2018 were an aggregate of 304,000 shares of Spin-off Grants that vested and were delivered in the first quarter of 2018, and an aggregate of 2,041,000 shares of Transaction Grants that vested but were subject to deferred delivery over a three-year period. | |||
[2] | As discussed in Note 12, Common stock, treasury stock and warrants, the increase in treasury stock was primarily attributable to shares withheld to cover statutory withholding taxes upon the vesting of RSUs. As of December 31, 2019 and 2018, there were 2,768,399 and 1,233,198 outstanding shares of treasury stock, respectively. | |||
[3] | Vested not delivered represents vested RSUs with delivery deferred to a future time. During the year ended December 31, 2019, there was a net decrease of 122,582 shares included in vested not delivered balance as a result of the delivery of 740,334 shares of Transaction Grants, partially offset by the vesting of 617,752 shares with deferred delivery election. During the year ended December 31, 2018, there was a net decrease of 3,766,068 shares included in vested not delivered balance, as a result of the delivery of 5,807,068 RSUs, partially offset by the vesting of the 2,041,000 shares of Transaction Grants subject to deferred delivery. As of December 31, 2019 and 2018, there were 2,787,335 and 2,909,917 outstanding RSUs included in vested not delivered, respectively. |
Note 13 - Share-based Compens_7
Note 13 - Share-based Compensation - Share-based Compensation Expenses (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Total share-based compensation expense | $ 10,341 | $ 30,393 |
Share-based compensation capitalized in intangible assets | 10,430 | 30,997 |
Continuing Operations [Member] | ||
Share-based compensation capitalized in intangible assets | 89 | 423 |
Continuing Operations [Member] | Selling and Marketing Expense [Member] | ||
Total share-based compensation expense | 971 | 2,856 |
Continuing Operations [Member] | Research and Development Expense [Member] | ||
Total share-based compensation expense | 889 | 676 |
Continuing Operations [Member] | General and Administrative Expense [Member] | ||
Total share-based compensation expense | 8,481 | 5,740 |
Continuing Operations [Member] | Spin-off Transaction Costs [Member] | ||
Total share-based compensation expense | 5,409 | |
Discontinued Operations [Member] | ||
Total share-based compensation expense | 15,712 | |
Share-based compensation capitalized in intangible assets | $ 181 |
Note 14 - Segment Information_2
Note 14 - Segment Information (Details Textual) | 12 Months Ended |
Dec. 31, 2019 | |
Number of Operating Segments | 2 |
Number of Reporting Units | 2 |
Number of Reportable Segments | 1 |
Note 14 - Segment Information -
Note 14 - Segment Information - Schedule of Revenue and Asset Segment Information (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Revenue | $ 281,684 | $ 250,280 |
Total (loss) income from operations | 5,219 | 11,372 |
Interest expense, net | (6,892) | (8,134) |
(Loss) income before income taxes from continuing operations | (1,673) | 3,238 |
Fluent | 317,093 | 293,269 |
Fluent Segment [Member] | ||
Revenue | 277,835 | 250,280 |
Total (loss) income from operations | 5,093 | 11,372 |
Fluent | 296,714 | 293,269 |
Other Segments [Member] | ||
Revenue | 3,849 | |
Total (loss) income from operations | 126 | |
Fluent | 20,379 | |
UNITED STATES | Fluent Segment [Member] | ||
Revenue | 246,697 | 227,269 |
UNITED STATES | Other Segments [Member] | ||
Revenue | 3,304 | |
Non-US [Member] | Fluent Segment [Member] | ||
Revenue | 31,138 | 23,011 |
Non-US [Member] | Other Segments [Member] | ||
Revenue | $ 545 |
Note 15 - Business Acquisitio_2
Note 15 - Business Acquisition (Details Textual) - USD ($) $ in Thousands | Jul. 01, 2019 | Dec. 31, 2019 | Dec. 31, 2018 |
Payments to Acquire Businesses, Net of Cash Acquired, Total | $ 7,246 | ||
Long-term Debt, Total | 50,971 | 55,472 | |
Promissory Notes [Member] | |||
Long-term Debt, Total | 2,400 | ||
Asset Purchase Agreement [Member] | |||
Payments to Acquire Businesses, Net of Cash Acquired, Total | $ 7,302 | ||
Business Acquisition, Transaction Costs | $ 483 | ||
Asset Purchase Agreement [Member] | Promissory Notes [Member] | |||
Long-term Debt, Total | $ 2,350 |
Note 15 - Business Acquisitio_3
Note 15 - Business Acquisition - Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Jul. 01, 2019 | Dec. 31, 2018 |
Goodwill | $ 164,774 | $ 159,791 | |
Asset Purchase Agreement [Member] | |||
Cash and cash equivalents | $ 56 | ||
Accounts receivable | 7,835 | ||
Prepaid expenses and other current assets | 54 | ||
Property and equipment | 138 | ||
Intangible assets | 4,700 | ||
Goodwill | 4,983 | ||
Other non-current assets | 28 | ||
Accounts payable | 7,691 | ||
Accrued expenses and other current liabilities | 418 | ||
Deferred revenue | 33 | ||
Total net assets acquired | $ 9,652 |
Note 15 - Business Acquisitio_4
Note 15 - Business Acquisition - Identifiable Intangible Assets Acquired (Details) - USD ($) $ in Thousands | Jul. 01, 2019 | Dec. 31, 2019 | Dec. 31, 2018 |
Goodwill | $ 164,774 | $ 159,791 | |
Asset Purchase Agreement [Member] | |||
Goodwill | $ 4,983 | ||
Intangible assets, net | 9,683 | ||
Asset Purchase Agreement [Member] | Trade Name and Trademarks [Member] | |||
Intangible assets, net | $ 300 | ||
Intangible assets, Weighted Average Amortization Period (Year) | 4 years | ||
Asset Purchase Agreement [Member] | Developed Technology Rights [Member] | |||
Intangible assets, net | $ 2,100 | ||
Intangible assets, Weighted Average Amortization Period (Year) | 4 years | ||
Asset Purchase Agreement [Member] | Customer Relationships [Member] | |||
Intangible assets, net | $ 2,300 | ||
Intangible assets, Weighted Average Amortization Period (Year) | 6 years |
Note 16 - Related Party Trans_2
Note 16 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands | Mar. 26, 2018 | Mar. 12, 2018 | Mar. 08, 2018 | Jun. 23, 2017 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 08, 2015 |
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number | 5,157,998 | 5,157,998 | ||||||
Share-based Payment Arrangement, Accelerated Cost | $ 14,667 | |||||||
Repayments of Long-term Debt, Total | $ 8,034 | $ 76,787 | ||||||
Share-based Payment Arrangement, Expense | 10,341 | 30,393 | ||||||
Promissory Notes [Member] | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | |||||||
Debt Instrument, Face Amount | $ 10,000 | |||||||
Restricted Stock Units (RSUs) [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number | 4,960,498 | |||||||
Share-based Payment Arrangement, Expense | $ 5,819 | $ 15,104 | ||||||
Marlin Capital Investments, LLC [Member] | ||||||||
Common Shares to be Received by RSU Holder | 2,000,000 | |||||||
Marlin Capital Investments, LLC [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||
Share Based Compensation Expense (Benefit) | $ 1,792 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number | 500,000 | 500,000 | ||||||
Share-based Payment Arrangement, Accelerated Cost | $ 906 | |||||||
Frost Gamma [Member] | Promissory Notes [Member] | ||||||||
Debt Instrument, Face Amount | 5,000 | |||||||
Repayments of Long-term Debt, Total | 533 | |||||||
Repayments of Long-term Debt Including Accrued Interest | $ 5,713 | |||||||
Board of Directors Chairman [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number | 2,500,000 | |||||||
Consultancy Services Agreement Period | 4 years | |||||||
Share-based Payment Arrangement, Noncash Expense, Total | 302 | |||||||
Share-based Payment Arrangement, Expense | $ 6,468 | |||||||
Board of Directors Chairman [Member] | Promissory Notes [Member] | ||||||||
Debt Instrument, Face Amount | 4,000 | |||||||
Repayments of Long-term Debt, Total | 426 | |||||||
Repayments of Long-term Debt Including Accrued Interest | 4,570 | |||||||
Board of Directors Chairman [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number | 2,500,000 | |||||||
Investor [Member] | Promissory Notes [Member] | ||||||||
Debt Instrument, Face Amount | $ 1,000 | |||||||
Repayments of Long-term Debt, Total | $ 107 | |||||||
Repayments of Long-term Debt Including Accrued Interest | $ 1,143 |
Note 17 - Contingencies (Detail
Note 17 - Contingencies (Details Textual) - New York City Department of Finance [Member] - State and Local Jurisdiction [Member] - Subsequent Event [Member] $ in Millions | Jan. 15, 2020USD ($) |
Income Tax Examination, Penalties and Interest Adjustment Requested | $ 8.2 |
Income Tax Examination, Interest Adjustment Requested | 2 |
Minimum [Member] | |
Income Tax Examination, Estimate of Possible Loss | 0.7 |
Maximum [Member] | |
Income Tax Examination, Estimate of Possible Loss | $ 3.7 |
Note 18 - Subsequent Events (De
Note 18 - Subsequent Events (Details Textual) - Subsequent Event [Member] - Amended Whitehorse Warrants [Member] | Jan. 31, 2020USD ($)shares |
Class of Warrant or Right, Warrant Shares Repurchased | shares | 300,000 |
Payments for Repurchase of Warrants | $ | $ 1,150 |