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Consolidated Statements of Changes in Preferred Stock and Stockholders’ Deficit - USD ($)
shares in Thousands, $ in Thousands
Total
Crisp Results
Series A Preferred Stock
Series B Preferred Stock
Class A Common Stock
Total Stockholders' Deficit
Total Stockholders' Deficit
Crisp Results
Total Stockholders' Deficit
Series A Preferred Stock
Total Stockholders' Deficit
Series B Preferred Stock
Preferred Stock
Preferred Stock
Series A Preferred Stock
Preferred Stock
Series B Preferred Stock
Common Stock
Class A Common Stock
Common Stock
Class A Common Stock
Smarter Chaos
Common Stock
Class A Common Stock
Crisp Results
Common Stock
Class B Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Crisp Results
Treasury Stock
Cumulative Deficit
Cumulative Deficit
Series A Preferred Stock
Cumulative Deficit
Series B Preferred Stock
Non- controlling Interest
Beginning balance (in shares) at Dec. 31, 2021                         2,415     1,713              
Beginning balance at Dec. 31, 2021 $ (47,818)         $ (26,177)             $ 3     $ 3 $ (25,239)     $ (944)     $ (21,641)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net loss (27,365)         (16,600)                           (16,600)     (10,765)
Shares issued in connection with the Crisp Earnout (in shares)                             199                
Shares issued in connection with the Crisp Earnout   $ 10,000         $ 10,000               $ 1     $ 9,999          
SmarterChaos DMSH units redeemed and issued to Class A Common Stock (in shares) [1]                           10                  
Stock-based compensation 5,695         5,695                     5,695            
Shares issued under the 2020 Omnibus Incentive Plan (in shares)                         45                    
Distributions to non-controlling interest holders [2] (573)                                           (573)
Treasury shares purchased under the 2020 Omnibus Incentive Plan (in shares)                         (8)                    
Treasury stock purchased under the 2020 Omnibus Incentive Plan (156)         (156)                         $ (156)        
Impact of transactions affecting non-controlling interest [3] 0         (7,621)                     (7,621)           7,621
Ending balance (in shares) at Sep. 30, 2022                         2,661     1,713              
Ending balance (in shares) (Change In Percent Calculation) at Sep. 30, 2022                         2,661     1,713              
Ending balance at Sep. 30, 2022 (60,217)         (34,859)             $ 4     $ 3 (17,539)   (156) (17,171)     (25,358)
Ending balance (Change In Percent Calculation) at Sep. 30, 2022 (60,217)         (34,859)             $ 4     $ 3 (17,166)   (156) (17,544)     (25,358)
Beginning balance (in shares) at Jun. 30, 2022                         2,437     1,713              
Beginning balance at Jun. 30, 2022 (61,519)         (33,367)             $ 3     $ 3 (22,313)     (11,060)     (28,152)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net loss (10,121)         (6,111)                           (6,111)     (4,010)
Shares issued in connection with the Crisp Earnout (in shares)                             199                
Shares issued in connection with the Crisp Earnout   $ 10,000         $ 10,000               $ 1     $ 9,999          
Stock-based compensation 1,579         1,579                     1,579            
Shares issued under the 2020 Omnibus Incentive Plan (in shares)                         33                    
Treasury shares purchased under the 2020 Omnibus Incentive Plan (in shares)                         (8)                    
Treasury stock purchased under the 2020 Omnibus Incentive Plan (156)         (156)                         (156)        
Impact of transactions affecting non-controlling interest [4] 0         (6,804)                     (6,804)           6,804
Ending balance (in shares) at Sep. 30, 2022                         2,661     1,713              
Ending balance (in shares) (Change In Percent Calculation) at Sep. 30, 2022                         2,661     1,713              
Ending balance at Sep. 30, 2022 (60,217)         (34,859)             $ 4     $ 3 (17,539)   (156) (17,171)     (25,358)
Ending balance (Change In Percent Calculation) at Sep. 30, 2022 (60,217)         (34,859)             $ 4     $ 3 (17,166)   (156) (17,544)     (25,358)
Preferred stock, beginning balance (in shares) at Dec. 31, 2022 [5]                   0                          
Increase (Decrease) in Temporary Equity [Roll Forward]                                              
Convertible redeemable preferred stock (in shares)                   140 80 [5] 60 [5]                      
Convertible redeemable preferred stock, value [5]                     $ 2,853 $ 2,140                      
Accretion convertible redeemable preferred stock, value [5]                     6,391 4,794                      
Preferred stock dividends [5],[6]                     $ 178 $ 134                      
Preferred stock, ending balance (in shares) at Sep. 30, 2023                   140 [7] 80 60                      
Preferred stock, ending balance (in shares) (Change In Percent Calculation) at Sep. 30, 2023 [5]                   140                          
Beginning balance (in shares) at Dec. 31, 2022                         2,695     1,713              
Beginning balance at Dec. 31, 2022 (83,947)         (47,124)       $ 0 [5]     $ 4     $ 3 (14,054)   (181) (32,896)     (36,823)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net loss (85,299)         (52,200)                           (52,200)     (33,099)
Stock-based compensation 3,106         3,106                     3,106            
Accretion convertible redeemable preferred stock     $ 6,391 $ 4,794       $ 6,391 $ 4,794                       $ 6,391 $ 4,794  
Preferred stock dividends [6]     (178) (134)       (178) (134)                       (178) (134)  
Shares issued under the 2020 Omnibus Incentive Plan (in shares)                         38                    
Treasury shares purchased under the 2020 Omnibus Incentive Plan (in shares)                         (8)                    
Treasury stock purchased under the 2020 Omnibus Incentive Plan (54)         (54)                         (54)        
Impact of transactions affecting non-controlling interest (in shares) [8]                         41     (41)              
Impact of transactions affecting non-controlling interest [8] $ 0         (1,129)                     (1,129)           1,129
Ending balance (in shares) at Sep. 30, 2023 1,672       2,766               2,766     1,672              
Ending balance (in shares) (Change In Percent Calculation) at Sep. 30, 2023                         2,766     1,672              
Ending balance at Sep. 30, 2023 $ (177,691)         (108,898)       16,490 [7]     $ 4     $ 3 (12,077)   (235) (96,593)     (68,793)
Ending balance (Change In Percent Calculation) at Sep. 30, 2023 (177,691)         (108,898)       $ 16,490 [5]     $ 4     $ 3 (12,077)   (235) (96,593)     (68,793)
Preferred stock, beginning balance (in shares) at Jun. 30, 2023 [7]                   140                          
Increase (Decrease) in Temporary Equity [Roll Forward]                                              
Preferred stock dividends [7],[9]                     $ 89 $ 67                      
Preferred stock, ending balance (in shares) at Sep. 30, 2023                   140 [7] 80 60                      
Preferred stock, ending balance (in shares) (Change In Percent Calculation) at Sep. 30, 2023 [5]                   140                          
Beginning balance (in shares) at Jun. 30, 2023                         2,704     1,713              
Beginning balance at Jun. 30, 2023 (161,012)         (95,762)       $ 16,334 [7]     $ 4     $ 3 (9,783)   (211) (85,775)     (65,250)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net loss (17,107)         (10,662)                           (10,662)     (6,445)
Stock-based compensation 608         608                     608            
Preferred stock dividends [9]     $ (89) $ (67)       $ (89) $ (67)                       $ (89) $ (67)  
Shares issued under the 2020 Omnibus Incentive Plan (in shares)                         26                    
Treasury shares purchased under the 2020 Omnibus Incentive Plan (in shares)                         (5)                    
Treasury stock purchased under the 2020 Omnibus Incentive Plan (24)         (24)                         (24)        
Impact of transactions affecting non-controlling interest (in shares) [10]                         41     (41)              
Impact of transactions affecting non-controlling interest [10] $ 0         (2,902)                     (2,902)           2,902
Ending balance (in shares) at Sep. 30, 2023 1,672       2,766               2,766     1,672              
Ending balance (in shares) (Change In Percent Calculation) at Sep. 30, 2023                         2,766     1,672              
Ending balance at Sep. 30, 2023 $ (177,691)         (108,898)       16,490 [7]     $ 4     $ 3 (12,077)   (235) (96,593)     (68,793)
Ending balance (Change In Percent Calculation) at Sep. 30, 2023 $ (177,691)         $ (108,898)       $ 16,490 [5]     $ 4     $ 3 $ (12,077)   $ (235) $ (96,593)     $ (68,793)
[1] On January 17, 2022, the Sellers of SmarterChaos redeemed their remaining non-controlling interest held through DMSH Units in exchange for 10 thousand shares of Class A Common Stock in DMS, Inc. The non-controlling interest held by the Sellers of SmarterChaos did not include related Class B Common Stock to be retired upon redemption.
[2] Represents tax distributions to shareholders Prism, Clairvest and the Sellers of SmarterChaos. As of September 30, 2022, $10 thousand of these distributions had not been paid.
[3] The carrying amount of non-controlling interest was adjusted primarily to reflect the change in ownership interest caused by additional DMSH units redeemed and issued to Class A Common Stock by the Sellers of SmarterChaos, shares issued in connection with the Crisp Earnout and shares issued under the 2020 Omnibus Incentive Plan.
[4] The carrying amount of non-controlling interest was adjusted to reflect the change in ownership interest caused by shares issued in connection with the Crisp Earnout and shares issued under the 2020 Omnibus Incentive Plan.
[5] See Note 8. Fair Value Measurements and Note 9. Equity.
[6] Represents Series A and Series B preferred stock dividends, which have not been paid.
[7] See Note 8. Fair Value Measurements and Note 9. Equity.
[8] The carrying amount of non-controlling interest was adjusted to reflect the change in ownership interest caused by shares issued in connection with the shares issued under the 2020 Omnibus Incentive Plan.
[9] Represents Series A and Series B preferred stock dividends, which have not been paid.
[10] The carrying amount of non-controlling interest was adjusted to reflect the change in ownership interest caused by shares issued in connection with the shares issued under the 2020 Omnibus Incentive Plan.