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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 22,480 $ 9,349
Restricted cash 502 502
Accounts receivable, net 19,998 21,660
Subscription acquisition costs, current portion 24,940 30,162
Royalty fees 7,500 11,250
Prepayments and other current assets 4,972 4,748
Total current assets 80,392 77,671
Property and equipment, net 593 636
Operating lease right-of-use assets 493 528
Platform development, net 10,013 9,299
Subscription acquisition costs, net of current portion 7,307 8,235
Acquired and other intangible assets, net 52,255 57,356
Other long-term assets 587 639
Goodwill 19,619 19,619
Total assets 171,259 173,983
Current liabilities:    
Accounts payable 7,070 11,982
Accrued expenses and other 17,425 24,011
Line of credit 9,291 11,988
Unearned revenue 48,519 54,030
Subscription refund liability 2,534 3,087
Operating lease liability 387 374
Liquidated damages payable 5,369 5,197
Current portion of long-term debt 5,847 5,744
Total current liabilities 96,442 116,413
Unearned revenue, net of current portion 12,362 15,277
Operating lease liability, net of current portion 683 785
Liquidating damages payable, net of current portion 7,008
Other long-term liabilities 7,527 7,556
Deferred tax liabilities 376 362
Long-term debt 64,929 64,373
Total liabilities 182,319 211,774
Commitments and contingencies (Note 15)
Mezzanine equity:    
Total mezzanine equity 13,375 13,886
Stockholders’ deficiency:    
Common stock, $0.01 par value, authorized 1,000,000,000 shares; issued and outstanding: 17,502,102 and 12,632,947 shares at March 31, 2022 and December 31, 2021, respectively 175 126
Common stock to be issued
Additional paid-in capital 246,052 200,410
Accumulated deficit (270,662) (252,213)
Total stockholders’ deficiency (24,435) (51,677)
Total liabilities, mezzanine equity and stockholders’ deficiency 171,259 173,983
Series G Redeemable and Convertible Preferred Stock [Member]    
Mezzanine equity:    
Total mezzanine equity 168 168
Series H Convertible Preferred Stock [Member]    
Mezzanine equity:    
Total mezzanine equity $ 13,207 $ 13,718