Restricted Stock Liabilities

12 Months Ended

Dec. 31, 2022

Restricted Stock Liabilities

Restricted Stock Liabilities

13. Restricted Stock Liabilities

On December 15, 2020, the Company entered into an amendment for certain restricted stock awards and units that were previously issued to certain employees in connection with the HubPages merger. Pursuant to the amendment, the Company agreed to purchase the vested restricted stock awards, at a price of $88.00 per share in 24 equal monthly installments on the second business day of each calendar month beginning on January 4, 2021, subject to certain conditions.

The following table presents the activity of the restricted stock liabilities:

	As of and for the Years Ended December 31,
	2022			2021
Restricted stock liabilities (before imputed interest)	$	2,307		$	3,801
Less imputed interest		(155	)		(177	)
Present value of restricted stock liabilities		2,152			3,624
Less payments during the years		(2,152	)		(1,472	)
Restricted stock liabilities at end of year (reflected in accrued expenses and other)	$	-		$	2,152

During the years ended December 31, 2022 and 2021, the Company recorded the repurchase of 26,214 and 22,178 shares of the Company’s restricted stock awards, respectively, on the consolidated statements of stockholders’ deficiency. Effective April 4, 2022, there were no longer any shares of the Company’s common stock subject to repurchase. During the years ended December 31, 2022 and 2021, the Company paid $2,307 and $1,419 in cash for the repurchase, including interest of $155 and $254, respectively.