XML 19 R2.htm IDEA: XBRL DOCUMENT v3.21.4
Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Mar. 02, 2021
Dec. 31, 2020
Dec. 31, 2019
Current assets        
Cash and cash equivalents $ 22,640,000   $ 16,717,000 $ 6,818,000
Restricted cash 105,000   50,000 273,000
Accounts receivable, net 38,886,000   47,015,000 42,764,000
Income tax recoverable 46,000   132,000 509,000
Prepaid expenses 1,307,000   991,000 1,097,000
Deferred transaction costs 731,000      
Total current assets 63,715,000   64,905,000 51,461,000
Property and equipment, net 362,000   326,000 356,000
Customer relationships, net 18,200,000   22,850,000 28,681,000
Other intangible assets, net 8,086,000   9,351,000 10,668,000
Goodwill 35,778,000   35,778,000 35,778,000
Security deposits 90,000   151,000 134,000
Total assets 118,145,000   124,010,000 116,410,000
Current liabilities        
Accounts payable 8,260,000   12,542,000 10,896,000
Accrued compensation 5,484,000   10,575,000 5,937,000
Accrued expenses 5,187,000   5,999,000 4,999,000
Term loans, current portion 24,331,000   26,032,000 2,425,000
Total current liabilities 43,262,000   55,148,000 24,257,000
Term Loan, net of current portion 0   0 30,158,000
SAFE notes 2,475,000   1,250,000  
Deferred income taxes 2,922,000   4,520,000 6,837,000
Deferred rent 1,670,000   1,825,000 1,344,000
Deferred underwriting fee payable 11,068,750      
Total liabilities 50,329,000   62,743,000 62,596,000
Commitments and contingencies  
Members' equity        
Additional paid-in capital 2,657,000   2,257,000 1,499,000
Retained earnings 22,997,000   16,309,000 8,982,000
Total members' equity attributable to AdTheorent Holding Company, LLC members 68,987,000   61,899,000 53,814,000
Noncontrolling interests in consolidated subsidiaries (1,171,000)   (632,000) 0
Total members' equity 67,816,000   61,267,000 53,814,000
Total liabilities and members' equity 118,145,000   124,010,000 116,410,000
Term Loans [Member]        
Current liabilities        
Term loans, current portion 24,331,000   26,032,000 2,425,000
Term Loan, net of current portion       30,158,000
Customer Relationships [Member]        
Current assets        
Customer relationships, net 10,114,000   13,499,000 18,013,000
Class A Common Units [Member]        
Members' equity        
Common Unit, Issuance Value 26,000,000   26,000,000 26,000,000
Class B Common Units [Member]        
Members' equity        
Common Unit, Issuance Value 17,333,000   17,333,000 $ 17,333,000
Mcap Acquisition Corp [Member]        
Current assets        
Cash and cash equivalents 797,602 $ 2,431,242 25,000  
Prepaid expenses 454,364 881,294    
Total current assets 1,251,966 3,312,536 25,000  
Deferred offering costs     146,634  
Other assets 178,020      
Cash and marketable securities held in Trust Account 316,270,386 316,250,000    
Total assets 317,700,372 319,562,536 171,634  
Current liabilities        
Accounts payable and accrued expenses 545,835 1,116,936 65,584  
Promissory note payable - related party     100,000  
Total current liabilities 545,835 1,116,936 165,584  
Warrant liability 23,591,000 22,818,749    
Deferred underwriting fee payable 11,068,750 11,068,750    
Total liabilities 35,205,585 35,004,435 165,584  
Members' equity        
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none outstanding     0  
Additional paid-in capital   0 24,209  
Retained earnings (33,776,390) (31,692,690) (18,950)  
Total Stockholders' Equity (Deficit) (33,775,599) (31,691,899) 6,050  
Total liabilities and members' equity 317,700,372 319,562,536 171,634  
Mcap Acquisition Corp [Member] | Common Class A [Member]        
Members' equity        
Common stock     0  
Mcap Acquisition Corp [Member] | Class A Common Stock Subject to Redemption        
Current liabilities        
Common Stock subject to possible redemption, 31,625,000 and 0 shares, at September 30, 2021 and December 31, 2020, respectively, at redemption value 316,270,386 316,250,000    
Mcap Acquisition Corp [Member] | Common Class B [Member]        
Members' equity        
Common stock [1] $ 791 $ 791 $ 791 [2],[3]  
[1] The shares and the associated amounts have been retroactively restated to reflect the stock dividend of 0.1 share of Class B common stock for each share of Class B common stock outstanding on February 25, 2021.
[2] Includes an aggregate of up to 1,031,250 shares that are subject to forfeiture if the over-allotment option is not exercised in full by the underwriters (see Note 7).
[3] The shares and the associated amounts have been retroactively restated to reflect the stock dividend of 0.1 shares of Class B common stock for each share of Class B common stock outstanding on February 25, 2021 (see Note 2).