Gaia (GAIA) 10-Q 2 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	Apr. 27, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Trading Symbol	GAIA
Entity Registrant Name	GAIA, INC
Entity Central Index Key	0001089872
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	000-27517
Entity Tax Identification Number	84-1113527
Entity Address, Address Line One	833 WEST SOUTH BOULDER ROAD
Entity Address, City or Town	LOUISVILLE
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80027
City Area Code	303
Local Phone Number	222-3600
Entity Interactive Data Current	Yes
Title of 12(b) Security	Class A Common Stock
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	CO
Document Quarterly Report	true
Document Transition Report	false
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		15,375,160
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,400,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash	$ 8,398	$ 10,269
Accounts receivable	2,900	2,728
Prepaid expenses and other current assets	1,912	1,986
Total current assets	13,210	14,983
Media library, software and equipment, net	51,898	50,558
Right-of-use lease asset, net	7,679	7,871
Real estate, investment and other assets, net	31,128	31,394
Goodwill	28,870	28,870
Total assets	132,785	133,676
Current liabilities:
Accounts payable, accrued and other liabilities	12,657	14,962
Deferred revenue	15,854	14,847
Total current liabilities	28,511	29,809
Long-term mortgage, net	6,074	6,109
Long-term lease liability	7,050	7,234
Deferred taxes	309	309
Total liabilities	41,944	43,461
Shareholders' equity:
Additional paid-in capital	162,856	162,316
Accumulated deficit	(72,017)	(72,103)
Total shareholders' equity	90,841	90,215
Total liabilities and shareholders' equity	132,785	133,676
Class A Common Stock [Member]
Shareholders' equity:
Common stock	1	1
Class B Common Stock [Member]
Shareholders' equity:
Common stock	$ 1	$ 1

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Class A Common Stock [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	15,375,160	15,061,337
Common stock, shares outstanding	15,375,160	15,061,337
Class B Common Stock [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	5,400,000	5,400,000
Common stock, shares outstanding	5,400,000	5,400,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenues, net	$ 21,831	$ 18,896
Cost of revenues	2,905	2,438
Gross profit	18,926	16,458
Expenses:
Selling and operating	16,785	14,538
Corporate, general and administration	1,785	1,496
Acquisition costs	49
Total operating expenses	18,619	16,034
Income from operations	307	424
Interest and other expense, net	(60)	(66)
Income before income taxes	247	358
Income from continuing operations	247	358
Loss from discontinued operations	(161)
Net income	$ 86	$ 358
Basic
Continuing operations	$ 0.01	$ 0.02
Discontinued operations	(0.01)
Basic earnings per share		0.02
Diluted
Continuing operations	0.01	0.02
Discontinued operations	$ (0.01)
Diluted earnings per share		$ 0.02
Weighted-average shares outstanding:
Basic	20,465	19,201
Diluted	20,816	19,724

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Accumulated Deficit	Common Stock	Additional Paid-in Capital
Beginning balance at Dec. 31, 2020	$ 74,235	$ (75,834)	$ 2	$ 150,067
Beginning balance (in shares) at Dec. 31, 2020			19,182,951
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan and share-based compensation	684			684
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan and share-based compensation (in shares)			17,895
Net income	358	358
Ending balance at Mar. 31, 2021	75,277	(75,476)	$ 2	150,751
Ending balance (in shares) at Mar. 31, 2021			19,200,846
Beginning balance at Dec. 31, 2021	90,215	(72,103)	$ 2	162,316
Beginning balance (in shares) at Dec. 31, 2021			20,461,337
Issuance of Gaia, Inc. common stock for RSU releases and share-based compensation	540			540
Issuance of Gaia, Inc. common stock for RSU releases and share-based compensation (in shares)			313,823
Net income	86	86
Ending balance at Mar. 31, 2022	$ 90,841	$ (72,017)	$ 2	$ 162,856
Ending balance (in shares) at Mar. 31, 2022			20,775,160

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities:
Net income	$ 86	$ 358
Loss from discontinued operations	161
Income from continuing operations	247	358
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,907	3,099
Share-based compensation expense	540	613
Changes in operating assets and liabilities:
Accounts receivable	(172)	(505)
Prepaid expenses and other assets	74	282
Accounts payable and accrued liabilities	(1,439)	(698)
Deferred revenue	1,007	2,039
Net cash provided by operating activities - continuing operations	4,164	5,188
Net cash used in operating activities - discontinued operations	(161)
Net cash provided by operating activities	4,003	5,188
Investing activities:
Additions to media library, property and equipment	(4,981)	(4,774)
Acquisitions, net of cash acquired, and purchase of intangible assets	(847)
Net cash used in investing activities	(5,828)	(4,774)
Financing activities:
Repayment of debt	(46)	(45)
Proceeds from the issuance of common stock		71
Net cash provided by (used in) financing activities	(46)	26
Net change in cash	(1,871)	440
Cash at beginning of period	10,269	12,605
Cash at end of period	8,398	13,045
Supplemental cash flow information
Interest paid	$ 65	$ 67

Organization, Nature of Operati

Organization, Nature of Operations, and Principles of Consolidation	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Organization, Nature of Operations, and Principles of Consolidation	1. Organization, Nature of Operations, and Principles of Consolidation Gaia, Inc. operates a global digital video subscription service and on-line community that caters to a unique and underserved member base. Our digital content library includes over 10,000 titles, with a growing selection of titles available in Spanish, German and French. Our members have unlimited access to this vast library of inspiring films, cutting edge documentaries, interviews, yoga classes, transformation-related content, and more – 80% of which is exclusively available to our members for digital streaming on most internet-connected devices anytime, anywhere, commercial free. Our mission is to create a transformational network that empowers a global conscious community. Content on our network is currently curated into four primary channels— Yoga, Transformation, Alternative Healing, and Seeking Truth— and delivered directly to our members through our streaming platform. We curate programming for these channels by producing content in our in-house production studios with a staff of media professionals. This produced and owned content currently represents approximately 75% of our viewership. We complement our produced and owned content through long-term licensing agreements. We have prepared the accompanying unaudited interim condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”), and they include our accounts and those of our subsidiaries. Intercompany transactions and balances have been eliminated. The unaudited condensed consolidated financial position, results of operations and cash flows for the interim periods disclosed in this report are not necessarily indicative of future financial results. There have been no material changes in our significant accounting policies as described in our Annual Report on Form 10-K for the year ended December 31, 2021. On December 22, 2021, Gaia completed the acquisition of Yoga International, Inc. (“Yoga International”). Yoga International was founded by the Himalayan Institute in 1991, as a print magazine considered by many to be an authentic voice of yoga in the West. In 2013, Yoga International transformed into a digital-only publication, and over the past 8 years has evolved into an online platform for yoga practice and education, with more than 60% of its current membership outside the United States. See our Annual Report on Form 10-K for the year ended December 31, 2021 for additional information regarding the Yoga International acquisition. Use of Estimates and Reclassifications The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the accompanying financial statements and disclosures. Although we base these estimates on our best knowledge of current events and actions that we may undertake in the future, actual results may be different from the estimates. We have made certain reclassifications to prior period amounts to conform to the current period presentations. Discontinued Operations Yoga International historically had a line of business focused on one-time transactional course sales. With the launch of a premium membership tier that includes this content, this line of business is being discontinued in 2022 as the contractual commitments related to this line of business lapse. The course content will be utilized as part of the premium membership tier going forward. There are no other assets or liabilities associated with this revenue stream. As this represents a strategic shift with a major effect on our operations and financial results, we have presented the results of operations related to winding up this line of business as discontinued operations on the accompanying statement of operations.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2022
Revenue Recognition [Abstract]
Revenue Recognition	2. Revenue Recognition Revenues consist primarily of subscription fees paid by our members. We present revenues net of taxes collected from members. Members are billed in advance and revenues are recognized ratably over the subscription term. Deferred revenue consists of subscription fees collected from members that have not been earned and is recognized ratably over the remaining term of the subscription. We recognize revenue on a net basis for relationships where our partners have the primary relationship, including billing and service delivery, with the member. Payments made to partners to assist in promoting our service on their platforms are expensed as marketing expenses in the period incurred. We do not allow access to our service to be provided as part of a bundle by any of our partners.

Equity and Share-Based Compensa

Equity and Share-Based Compensation	3 Months Ended
	Mar. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity and Share-Based Compensation	3. Equity and Share-Based Compensation During the first three months of 2022 and 2021, we recognized approximately $540 and $613, respectively, of share-based compensation expense. Total share-based compensation expense is reported in selling and operating expenses and corporate, general and administration expenses on our condensed consolidated statements of operations. There were no options exercised during the first three months of 2022 or during the first three months of 2021.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	4. Goodwill and Other Intangible Assets There were no changes in goodwill for the period from December 31, 2021 through March 31, 2022. The following table represents our other intangible assets by major asset class as of the dates indicated, which are included in Real estate, investment and other assets, net on the accompanying condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021. (in thousands) March 31, 2022 December 31, 2021 Amortizable Intangible Assets Customer relationships $ 2,000 $ 2,000 Tradenames 270 270 Accumulated amortization (154 ) (12 ) $ 2,116 $ 2,258 Unamortized Intangible Assets Domain names $ 563 $ 563 Our amortizable assets are expected to be amortized on a straight-line basis over 48 months. Amortization expense was $142 for the first three months of 2022. There was no amortization expense for the first three months of 2021. Future amortization of our amortizable intangible assets as of March 31, 2022 is expected to be as follows: (in thousands) 2022 (remaining) $ 426 2023 568 2024 568 2025 554 $ 2,116

Debt

Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	5. Debt On September 9, 2020, our wholly owned subsidiary Boulder Road LLC (“Boulder Road”) sold a 50% undivided interest in a portion of our corporate campus to Westside Boulder, LLC (“Westside”). Boulder Road retained a 50% undivided interest in the property as well as full ownership of our studio and production facilities. On December 28, 2020, and entered into a loan agreement with Great Western Bank, as lender, providing for a mortgage in the principal amount of $13,000. The mortgage bears interest at a fixed rate of 3.75% per annum, matures on December 28, 2025, and is secured by a deed of trust on our corporate campus, a portion of which is owned by Boulder Road and Westside as tenants-in-common and the remainder of which is owned by Boulder Road. Westside and Boulder Road each received 50% of the proceeds and are each responsible for 50% of the monthly installments. Gaia guaranteed payment of the mortgage. The mortgage is subject to certain financial covenants related to the underlying property. Maturities on long-term debt, net are: (in thousands) 2022 (remaining) $ 108 2023 150 2024 156 2025 5,801 $ 6,215

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	6. Leases In connection with the sale of a portion of our corporate campus as further discussed in Note 5, we leased the property pursuant to a master lease for an initial term extending through September 30, 2030, with two five-year Because the rate implicit in the lease is not readily determinable, we used our incremental borrowing rate to determine the present value of lease payments. Information related to our right-of-use asset and related lease liability were as follows: March 31, December 31, (in thousands) Balance Sheet Classification 2022 2021 Right-of-use asset Right-of-use lease asset, net $ 7,679 $ 7,871 Operating lease liability (current) Accounts payable, accrued and other liabilities $ 725 $ 718 Operating lease liability (non-current) Long-term lease liability 7,050 7,234 $ 7,775 $ 7,952 For the Three Months Ended March 31, (in thousands) 2022 2021 Cash paid for operating lease liabilities $ 250 $ 250 Operating lease expense is recognized on a straight-line basis over the lease term. Future amortization of our lease liability as of March 31, 2022 is expected to be: (in thousands) 2022 (remaining) $ 750 2023 1,001 2024 1,008 2025 1,035 2026 1,064 Thereafter 4,253 Future lease payments, gross 9,111 Less: Imputed interest (1,336 ) Operating lease liability $ 7,775

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	7. Earnings Per Share Basic earnings per share is computed using the weighted-average number of outstanding shares of common stock during the period. Diluted earnings per share is computed using the weighted-average number of outstanding shares of common stock and, when dilutive, potential shares of common stock outstanding during the period (“common stock equivalents”). Common stock equivalents consist of incremental shares issuable upon the assumed exercise of stock options and vesting of restricted stock units utilizing the treasury stock method. The weighted-average diluted shares outstanding computation is: For the Three Months Ended March 31, (in thousands, except per share data) 2022 2021 (unaudited) Weighted-average common stock outstanding 20,465 19,201 Common stock equivalents 351 523 Weighted-average number of shares 20,816 19,724 Employee stock options with exercise prices greater than the average market price of the common stock were excluded from the diluted calculation as their inclusion would have been anti-dilutive. The following table summarizes the potential shares of common stock excluded from the diluted calculation: For the Three Months Ended March 31, (in thousands) 2022 2021 (unaudited) Employee stock options and RSU's 228 30

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes Periodically, we perform assessments of the realization of our net deferred tax assets considering all available evidence, both positive and negative. Based on our historical operating losses, combined with our plans to continue to invest in our revenue growth and content library, we have a full valuation allowance on our deferred tax assets as of March 31, 2022 As of March 31, 2022, our net operating loss carryforwards on a gross basis were $76,800 and $20,700 for federal and state, respectively.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Contingencies	9. Contingencies From time to time, we are involved in legal proceedings that we consider to be in the normal course of business. We record accruals for losses related to those matters against us that we consider to be probable and that can be reasonably estimated. Based on available information, in the opinion of management, settlements, arbitration awards and final judgments, if any, that are considered probable of being rendered against us in litigation or arbitration in existence at March 31, 2022 and that can be reasonably estimated are either reserved against or would not have a material adverse effect on our financial condition, results of operations or cash flows.

Organization, Nature of Opera_2

Organization, Nature of Operations, and Principles of Consolidation (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Use of Estimates and Reclassifications	Use of Estimates and Reclassifications The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the accompanying financial statements and disclosures. Although we base these estimates on our best knowledge of current events and actions that we may undertake in the future, actual results may be different from the estimates. We have made certain reclassifications to prior period amounts to conform to the current period presentations.
Discontinued Operations	Discontinued Operations Yoga International historically had a line of business focused on one-time transactional course sales. With the launch of a premium membership tier that includes this content, this line of business is being discontinued in 2022 as the contractual commitments related to this line of business lapse. The course content will be utilized as part of the premium membership tier going forward. There are no other assets or liabilities associated with this revenue stream. As this represents a strategic shift with a major effect on our operations and financial results, we have presented the results of operations related to winding up this line of business as discontinued operations on the accompanying statement of operations.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Other Intangible Assets by Major Asset Class	The following table represents our other intangible assets by major asset class as of the dates indicated, which are included in Real estate, investment and other assets, net on the accompanying condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021. (in thousands) March 31, 2022 December 31, 2021 Amortizable Intangible Assets Customer relationships $ 2,000 $ 2,000 Tradenames 270 270 Accumulated amortization (154 ) (12 ) $ 2,116 $ 2,258 Unamortized Intangible Assets Domain names $ 563 $ 563
Schedule of Future Amortization Expense of Intangible Assets	Future amortization of our amortizable intangible assets as of March 31, 2022 is expected to be as follows: (in thousands) 2022 (remaining) $ 426 2023 568 2024 568 2025 554 $ 2,116

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Maturities on Long Term Debt, Net	Maturities on long-term debt, net are: (in thousands) 2022 (remaining) $ 108 2023 150 2024 156 2025 5,801 $ 6,215

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Schedule of Right of Use Asset and Related Lease Liability and Supplemental Cash Flow Information	Because the rate implicit in the lease is not readily determinable, we used our incremental borrowing rate to determine the present value of lease payments. Information related to our right-of-use asset and related lease liability were as follows: March 31, December 31, (in thousands) Balance Sheet Classification 2022 2021 Right-of-use asset Right-of-use lease asset, net $ 7,679 $ 7,871 Operating lease liability (current) Accounts payable, accrued and other liabilities $ 725 $ 718 Operating lease liability (non-current) Long-term lease liability 7,050 7,234 $ 7,775 $ 7,952 For the Three Months Ended March 31, (in thousands) 2022 2021 Cash paid for operating lease liabilities $ 250 $ 250
Schedule of Future Amortization of Lease Liability	Operating lease expense is recognized on a straight-line basis over the lease term. Future amortization of our lease liability as of March 31, 2022 is expected to be: (in thousands) 2022 (remaining) $ 750 2023 1,001 2024 1,008 2025 1,035 2026 1,064 Thereafter 4,253 Future lease payments, gross 9,111 Less: Imputed interest (1,336 ) Operating lease liability $ 7,775

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Weighted-Average Diluted Shares Outstanding	The weighted-average diluted shares outstanding computation is: For the Three Months Ended March 31, (in thousands, except per share data) 2022 2021 (unaudited) Weighted-average common stock outstanding 20,465 19,201 Common stock equivalents 351 523 Weighted-average number of shares 20,816 19,724
Summary of Potential Common Shares Excluded from Diluted Calculation	The following table summarizes the potential shares of common stock excluded from the diluted calculation: For the Three Months Ended March 31, (in thousands) 2022 2021 (unaudited) Employee stock options and RSU's 228 30

Organization, Nature of Opera_3

Organization, Nature of Operations, and Principles of Consolidation - Additional Information (Detail)	Dec. 22, 2021	Mar. 31, 2022USD ($)TitleChannel
Organization Nature Of Operations And Principles Of Consolidation [Line Items]
Number of channels | Channel		4
Percentage of produced and owned content views		75.00%
A La Carte Course Purchase [Member]
Organization Nature Of Operations And Principles Of Consolidation [Line Items]
Assets		$ 0
Liabilities		$ 0
Yoga International [Member]
Organization Nature Of Operations And Principles Of Consolidation [Line Items]
Acquisition date	Dec. 22, 2021
Number of years evolved in online platform for yoga practice and education	8 years
Yoga International [Member] | Outside United States [Member]
Organization Nature Of Operations And Principles Of Consolidation [Line Items]
Minimum current membership percentage outside United States	60.00%
Minimum [Member]
Organization Nature Of Operations And Principles Of Consolidation [Line Items]
Number of titles available in digital content library | Title		10,000
Percentage of digital streaming exclusively available for subscribers		80.00%

Equity and Share-Based Compen_2

Equity and Share-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-based compensation expense	$ 540	$ 613
Options exercised during period	0	0

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Goodwill [Line Items]
Changes in goodwill	$ 0		$ 0
Customer Relationships [Member]
Goodwill [Line Items]
Intangible assets, useful life	48 months
Intangible assets, amortization method	straight-line basis
Intangible assets, amortization expense	$ 142,000	$ 0

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Other Unamortized Intangible Assets Included in Real Estate, Investments and Other Assets, Net (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Amortizable Intangible Assets, Accumulated amortization	$ (154)	$ (12)
Amortizable Intangible Assets, Net	2,116	2,258
Customer Relationships [Member]
Goodwill [Line Items]
Amortizable Intangible Assets, Gross carrying amount	2,000	2,000
Trade Names [Member]
Goodwill [Line Items]
Amortizable Intangible Assets, Gross carrying amount	270	270
Domain Names [Member]
Goodwill [Line Items]
Unamortized Intangible Assets	$ 563	$ 563

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Future Amortization of Intangible Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
2022 (remaining)	$ 426
2023	568
2024	568
2025	554
Amortizable Intangible Assets, Net	$ 2,116	$ 2,258

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 28, 2020	Sep. 09, 2020
Boulder Road LLC [Member]
Debt Instrument [Line Items]
Subsidiary interest percentage		50.00%
Boulder Road and Westside Boulder, LLC [Member] | Loan Agreement [Member] | Great Western Bank [Member] | Mortgage Loan [Member]
Debt Instrument [Line Items]
Loan principal amount	$ 13,000
Interest rate	3.75%
Debt instrument, maturity date	Dec. 28, 2025
Percentage of line of credit proceeds	50.00%
Percentage of line of credit monthly installments	50.00%
Westside Boulder, LLC. [Member] | Boulder Road LLC [Member]
Debt Instrument [Line Items]
Undivided interest sold percentage		50.00%

Debt - Schedule of Maturities o

Debt - Schedule of Maturities on Long Term Debt, Net (Detail) $ in Thousands	Mar. 31, 2022USD ($)
Maturities Of Long Term Debt [Abstract]
2022 (remaining)	$ 108
2023	150
2024	156
2025	5,801
Total maturities on long-term debt	$ 6,215

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Sep. 09, 2020
Lessee Lease Description [Line Items]
Operating lease, extending Description	we leased the property pursuant to a master lease for an initial term extending through September 30, 2030, with two five-year extensions
Operating lease, existence of option to extend [true false]	true
Right-of-use lease asset, net	$ 7,679	$ 7,871	$ 8,800
Operating lease liability	$ 7,775	$ 7,952	$ 8,800
Two Five Year Extensions [Member]
Lessee Lease Description [Line Items]
Operating lease, Renewal Term	5 years

Leases - Schedule of Right of U

Leases - Schedule of Right of Use Asset and Related Lease Liability (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Sep. 09, 2020
Leases [Abstract]
Right-of-use asset	$ 7,679	$ 7,871	$ 8,800
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List	Right-of-use asset	Right-of-use asset
Operating lease liability (current)	$ 725	$ 718
Operating Lease Liability Current Statement Of Financial Position Extensible List	Accounts payable, accrued and other liabilities	Accounts payable, accrued and other liabilities
Operating lease liability (non-current)	$ 7,050	$ 7,234
Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List	Operating lease liability (non-current)	Operating lease liability (non-current)
Operating Lease, Liability	$ 7,775	$ 7,952	$ 8,800

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Cash paid for operating lease liabilities	$ 250	$ 250

Leases - Schedule of Future Amo

Leases - Schedule of Future Amortization of Lease Liability (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Sep. 09, 2020
Leases [Abstract]
2022 (remaining)	$ 750
2023	1,001
2024	1,008
2025	1,035
2026	1,064
Thereafter	4,253
Future lease payments, gross	9,111
Less: Imputed interest	(1,336)
Operating lease liability	$ 7,775	$ 7,952	$ 8,800

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Weighted-Average Diluted Shares Outstanding (Detail) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Weighted-average common stock outstanding	20,465	19,201
Common stock equivalents	351	523
Weighted-average number of shares	20,816	19,724

Earnings Per Share - Summary of

Earnings Per Share - Summary of Potential Common Shares Excluded from Diluted Calculation (Detail) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Employee Stock Options and RSU's [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	228	30

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) $ in Thousands	Mar. 31, 2022USD ($)
Federal [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	$ 76,800
State [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	$ 20,700