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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 63,717 $ 100,093
Accounts receivable, net 38,894 55,936
Income tax recoverable 93 95
Prepaid expenses 6,990 3,801
Total current assets 109,694 159,925
Property and equipment, net 478 409
Operating lease right-of-use asset 6,276 0
Investment in SymetryML Holdings 861 0
Customer relationships, net 7,831 8,986
Other intangible assets, net 6,986 7,608
Goodwill 34,842 35,778
Deferred income taxes, net 1,459 434
Other assets 365 402
Total assets 168,792 213,542
Current liabilities    
Accounts payable 8,857 12,382
Accrued compensation 3,564 10,530
Accrued expenses 3,293 4,664
Operating lease liabilitiies, current 1,210 0
Total current liabilities 16,924 27,576
Revolver borrowings 0 39,017
SAFE Notes 0 2,950
Warrants 28,102 12,166
Seller's Earn-Out 42,737 18,081
Operating lease liabilities, non-current 6,990 0
Deferred rent 0 1,869
Total liabilities 94,753 101,659
Stockholders’ equity    
Preferred Stock, $0.0001 per share, 20,000,000 shares authorized, no shares issued and outstanding as of March 31, 2022 and December 31, 2021
Common Stock, $0.0001 par value, 350,000,000 shares authorized; XXXX and 85,743,994 shares issued and outstanding as of March 31, 2022 and December 31, 2021 , respectively 9 9
Additional paid-in capital 73,258 70,778
Retained earnings 772 42,512
Total stockholders' equity attributable to AdTheorent Holding Company, Inc 74,039 113,299
Noncontrolling interests in consolidated subsidiaries 0 (1,416)
Total stockholders' equity 74,039 111,883
Total liabilities and stockholders’ equity / members' equity $ 168,792 $ 213,542