Document And Entity Information
Document And Entity Information - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Feb. 25, 2019 | Jun. 30, 2018 | |
Document Information [Line Items] | |||
Entity Registrant Name | Marin Software Incorporated | ||
Entity Central Index Key | 0001389002 | ||
Trading Symbol | mrin | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | true | ||
Entity Common Stock, Shares Outstanding (in shares) | 5,944,000 | ||
Entity Public Float | $ 31.3 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2018 | ||
Document Fiscal Year Focus | 2018 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Entity Shell Company | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Current assets | ||
Cash and cash equivalents | $ 10,210,000 | $ 27,544,000 |
Restricted cash | 1,293,000 | 1,293,000 |
Accounts receivable, net | 12,906,000 | 12,237,000 |
Prepaid expenses and other current assets | 4,642,000 | 3,989,000 |
Total current assets | 29,051,000 | 45,063,000 |
Property and equipment, net | 11,815,000 | 15,559,000 |
Goodwill | 1,943,000 | 16,768,000 |
Intangible assets, net | 1,938,000 | 4,475,000 |
Other non-current assets | 2,045,000 | 1,504,000 |
Total assets | 46,792,000 | 83,369,000 |
Current liabilities | ||
Accounts payable | 2,699,000 | 2,826,000 |
Accrued expenses and other current liabilities | 9,383,000 | 10,474,000 |
Capital lease obligations | 1,249,000 | 1,416,000 |
Total current liabilities | 13,331,000 | 14,716,000 |
Capital lease obligations, non-current | 549,000 | 1,687,000 |
Other long-term liabilities | 3,541,000 | 4,183,000 |
Total liabilities | 17,421,000 | 20,586,000 |
Commitments and contingencies (Note 15) | ||
Stockholders' equity | ||
Convertible preferred stock, $0.001 par value - 10,000 shares authorized, no shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively | ||
Common stock, $0.001 par value - 142,857 shares authorized, 5,938 and 5,729 shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively | 6,000 | 6,000 |
Additional paid-in capital | 295,116,000 | 291,163,000 |
Accumulated deficit | (264,713,000) | (227,704,000) |
Accumulated other comprehensive loss | (1,038,000) | (682,000) |
Total stockholders' equity | 29,371,000 | 62,783,000 |
Total liabilities and stockholders' equity | $ 46,792,000 | $ 83,369,000 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares shares in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Convertible preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Convertible preferred stock, shares authorized (in shares) | 10,000 | 10,000 |
Convertible preferred stock, shares issued (in shares) | 0 | 0 |
Convertible preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 142,857 | 142,857 |
Common stock, shares issued (in shares) | 5,938 | 5,729 |
Common stock, shares outstanding (in shares) | 5,938 | 5,729 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Revenues, net | $ 58,631 | $ 74,991 | $ 99,878 |
Cost of revenues | 27,154 | 32,520 | 35,203 |
Gross profit | 31,477 | 42,471 | 64,675 |
Operating expenses | |||
Sales and marketing | 23,425 | 26,936 | 32,889 |
Research and development | 22,450 | 26,564 | 27,841 |
General and administrative | 13,113 | 16,444 | 19,890 |
Impairment of goodwill | 14,740 | 2,797 | |
Total operating expenses | 73,728 | 72,741 | 80,620 |
Loss from operations | (42,251) | (30,270) | (15,945) |
Other income, net | 1,593 | (214) | 869 |
Loss before provision for income taxes | (40,658) | (30,484) | (15,076) |
Provision for income taxes | (586) | (1,007) | (1,404) |
Net loss | (41,244) | (31,491) | (16,480) |
Foreign currency translation adjustments | (356) | 2,205 | (1,110) |
Comprehensive loss | $ (41,600) | $ (29,286) | $ (17,590) |
Net loss per share available to common stockholders, basic and diluted (in dollars per share) | $ (7.13) | $ (5.59) | $ (3.01) |
Weighted-average shares used to compute net loss per share available to common stockholders, basic and diluted (in shares) | 5,783 | 5,638 | 5,474 |
Amortization of intangible assets | $ 2,537 | $ 2,850 | $ 3,080 |
Cost of Sales [Member] | |||
Operating expenses | |||
Allocated Share-based Compensation Expense | 739 | 822 | 1,314 |
Amortization of intangible assets | 938 | 971 | 1,027 |
Restructuring Costs | 176 | 184 | |
Selling and Marketing Expense [Member] | |||
Operating expenses | |||
Allocated Share-based Compensation Expense | 957 | 827 | 1,281 |
Amortization of intangible assets | 658 | 877 | 934 |
Restructuring Costs | 827 | 348 | |
Research and Development Expense [Member] | |||
Operating expenses | |||
Allocated Share-based Compensation Expense | 1,398 | 1,996 | 4,989 |
Amortization of intangible assets | 938 | 969 | 1,027 |
Restructuring Costs | 115 | 44 | |
General and Administrative Expense [Member] | |||
Operating expenses | |||
Allocated Share-based Compensation Expense | 877 | 1,059 | 2,711 |
Amortization of intangible assets | 3 | 33 | 92 |
Restructuring Costs | $ 158 | $ 20 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balances (in shares) at Dec. 31, 2015 | 5,346 | ||||
Balances at Dec. 31, 2015 | $ 5 | $ 275,636 | $ (179,733) | $ (1,777) | $ 94,131 |
Issuance of common stock from exercise of vested stock options, vesting of restricted stock units and vesting of options and shares subject to repurchase (Note 10) (in shares) | 87 | 38 | |||
Issuance of common stock from exercise of vested stock options, vesting of restricted stock units and vesting of options and shares subject to repurchase (Note 10) | $ 1 | 569 | $ 570 | ||
Tax withholding related to vesting of restricted stock units | (362) | (362) | |||
Issuance of common stock under employee stock purchase plan (in shares) | 42 | ||||
Issuance of common stock under employee stock purchase plan | 548 | 548 | |||
Issuance of unrestricted common stock in connection with acquisition of SocialMoov S.A.S. (in shares) | 66 | ||||
Issuance of unrestricted common stock in connection with acquisition of SocialMoov S.A.S. | |||||
Stock-based compensation expense | 10,295 | 10,295 | |||
Net loss | (16,480) | (16,480) | |||
Foreign currency translation adjustments and other, net | 6 | (1,110) | (1,104) | ||
Balances (in shares) at Dec. 31, 2016 | 5,541 | ||||
Balances at Dec. 31, 2016 | $ 6 | 286,692 | (196,213) | (2,887) | 87,598 |
Issuance of common stock from exercise of vested stock options, vesting of restricted stock units and vesting of options and shares subject to repurchase (Note 10) (in shares) | 79 | ||||
Issuance of common stock from exercise of vested stock options, vesting of restricted stock units and vesting of options and shares subject to repurchase (Note 10) | 11 | 11 | |||
Tax withholding related to vesting of restricted stock units | (604) | $ (604) | |||
Issuance of common stock under employee stock purchase plan (in shares) | 43 | 43 | |||
Issuance of common stock under employee stock purchase plan | 362 | $ 362 | |||
Issuance of unrestricted common stock in connection with acquisition of SocialMoov S.A.S. (in shares) | 66 | ||||
Issuance of unrestricted common stock in connection with acquisition of SocialMoov S.A.S. | |||||
Stock-based compensation expense | 4,704 | 4,704 | |||
Net loss | (31,491) | (31,491) | |||
Foreign currency translation adjustments and other, net | (2) | 2,205 | 2,203 | ||
Balances (in shares) at Dec. 31, 2017 | 5,729 | ||||
Balances at Dec. 31, 2017 | $ 6 | 291,163 | (227,704) | (682) | 62,783 |
Tax withholding related to vesting of restricted stock units | (327) | $ (327) | |||
Issuance of common stock under employee stock purchase plan (in shares) | 86 | 86 | |||
Issuance of common stock under employee stock purchase plan | 305 | $ 305 | |||
Stock-based compensation expense | 3,971 | 3,971 | |||
Net loss | (41,244) | (41,244) | |||
Foreign currency translation adjustments and other, net | 4 | (356) | (352) | ||
Issuance of common stock from vesting of restricted stock units (Note 10) (in shares) | 123 | ||||
Issuance of common stock from vesting of restricted stock units (Note 10) | |||||
Balances (in shares) at Dec. 31, 2018 | 5,938 | ||||
Balances at Dec. 31, 2018 | $ 6 | 295,116 | (264,713) | (1,038) | 29,371 |
Impact of adoption of ASC 606 on January 1, 2018 (Note 3) | $ 4,235 | $ 4,235 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Operating activities | |||
Net loss | $ (41,244) | $ (31,491) | $ (16,480) |
Adjustments to reconcile net loss to net cash (used in) provided by operating activities | |||
Impairment of goodwill | 14,740 | 2,797 | |
Depreciation | 2,658 | 4,758 | 6,035 |
Amortization of internally developed software | 3,774 | 3,669 | 2,988 |
Amortization of Intangible Assets, Total | 2,537 | 2,850 | 3,080 |
Amortization of deferred costs to obtain and fulfill contracts | 2,045 | ||
Gain on disposal of property and equipment | (1) | (11) | (3) |
Unrealized foreign currency (gains) losses | (118) | 986 | (419) |
Non-cash interest expense related to debt agreements | 15 | 27 | |
Stock-based compensation related to equity awards and restricted stock | 3,971 | 4,704 | 10,295 |
Provision for bad debts | 48 | 1,507 | 2,328 |
Deferred income tax benefits | (398) | (358) | (305) |
Payment of contingent consideration for prior acquisition | (93) | ||
Changes in operating assets and liabilities | |||
Accounts receivable | (668) | 4,754 | 795 |
Prepaid expenses and other assets | (609) | (310) | 200 |
Accounts payable | (97) | 306 | 741 |
Accrued expenses and other liabilities | 382 | 954 | (3,108) |
Net cash (used in) provided by operating activities | (12,980) | (4,870) | 6,081 |
Investing activities | |||
Purchases of property and equipment | (586) | (461) | (1,207) |
Proceeds from disposal of property and equipment | 8 | 11 | 5 |
Capitalization of internally developed software | (2,129) | (2,068) | (4,712) |
Net cash used in investing activities | (2,707) | (2,518) | (5,914) |
Financing activities | |||
Repayments of capital lease obligations and other debt agreements | (1,304) | (1,160) | (1,436) |
Employee taxes paid for withheld shares upon equity award settlement | (265) | (604) | (362) |
Proceeds from exercises of common stock options | 0 | 0 | 390 |
Proceeds from employee stock purchase plan, net | 282 | 312 | 663 |
Net cash used in financing activities | (1,287) | (1,452) | (745) |
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash | (360) | 1,964 | (1,035) |
Net decrease in cash and cash equivalents and restricted cash | (17,334) | (6,876) | (1,613) |
Cash and cash equivalents and restricted cash | |||
Beginning of year | 28,837 | 35,713 | 37,326 |
End of year | 11,503 | 28,837 | 35,713 |
Supplemental disclosures of other cash flow information | |||
Cash paid for interest | 153 | 210 | 189 |
Cash paid for income taxes | 730 | 1,491 | 728 |
Supplemental disclosure of non-cash investing and financing activities | |||
Issuance of common stock under employee stock purchase plan | 305 | 362 | 548 |
Purchases of property and equipment recorded in accounts payable and accrued expenses | 10 | 30 | 5 |
Acquisition of equipment through capital leases | $ 852 | $ 1,864 |
Note 1 - Background
Note 1 - Background | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | 1. Marin Software Incorporated (the “Company”) was incorporated in Delaware in March 2006. References to “2018,” “2017” “2016” December 31, 2018, December 31, 2017 December 31, 2016, |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. Liquidity The Company has incurred significant losses in each fiscal year since its incorporation in 2006 $41,244, $31,491 $16,480 2018, 2017 2016, December 31, 2018, $264,713. $11,503 December 31, 2018. January 2018, 4 2018 2019. 12 Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated upon consolidation. Reclassifications When necessary, reclassifications have been made to prior period financial information to conform to the current year presentation. These reclassifications had no Reverse Stock Split and Reduction in Authorized Shares On October 5, 2017, seven one 500,000 142,857 Accounting Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make certain estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company is subject to uncertainties such as the impact of future events, economic and political factors and changes in the Company’s business environment; therefore, actual results could differ from these estimates. Accordingly, the accounting estimates used in the preparation of the Company’s financial statements will change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes. Changes in estimates are made when circumstances warrant. Such changes in estimates and refinements in estimation methodologies are reflected in reported results of operations and if material, the effects of changes in estimates are disclosed in the notes to the consolidated financial statements. Significant estimates and assumptions by management affect the allowances for doubtful accounts and customer revenue credits, the carrying value of long-lived assets (including goodwill and intangible assets), the useful lives of long-lived assets, the accounting for income taxes and stock-based compensation. Certain Significant Risks and Uncertainties The Company operates in a rapidly changing environment that involves a number of risks, some of which are beyond the Company’s control that could have a material adverse effect on the Company’s business, operating results and financial condition. These risks include, among others, the Company’s history of losses and negative cash flows; the highly competitive environment in which the Company operates; the ability to maintain and increase usage rates of the Company’s platform and the ability for the Company to increase demand for its solutions. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents and accounts receivable. The Company’s cash and cash equivalents are placed with high-credit-quality financial institutions and issuers, and at times exceed federally insured limits. The Company has not not As of December 31, 2018, one 3 30% December 31, 2017, no 10% No 10% December 31, 2018, 2017 2016. Cash and Cash Equivalents and Restricted Cash The Company considers all highly liquid investments with an original or remaining maturity from the Company’s date of purchase of 90 three $2,806 $8,831 December 31, 2018 2017, Restricted cash consists of deposits held with a financial institution to secure the Company’s non-cancelable lease for its corporate headquarters in San Francisco (see Note 8 Fair Value of Financial Instruments The Company’s financial instruments, including accounts receivable, accounts payable and accrued expenses are carried at cost, which approximates fair value because of the short-term nature of those instruments. Based on borrowing rates available to the Company for loans with similar terms and maturities, and in consideration of the Company’s credit risk profile, the carrying value of outstanding capital lease obligations (Note 8 2 The Company measures and reports certain financial assets at fair value on a recurring basis, including its investments in money market funds. The fair value hierarchy prioritizes the inputs into three Level 1 Inputs are unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 Inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 Inputs are unobservable inputs based on the Company’s assumptions. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Allowances for Doubtful Accounts and Revenue Credits The allowance for doubtful accounts reflects the Company’s best estimate of probable losses inherent in the Company’s receivables portfolio determined on the basis of historical experience, specific allowances for known troubled accounts and other currently available evidence. The Company performs a regular review of its customers’ payment histories and associated credit risks and it does not not 2018, 2017 2016, Years Ended December 31, 2018 2017 2016 Balances at beginning of year $ 4,028 $ 3,510 $ 2,188 Additions to expense 48 1,507 2,328 Write-offs and other deductions (1,425 ) (989 ) (1,006 ) Balances at end of year $ 2,651 $ 4,028 $ 3,510 From time to time, the Company provides revenue credits to customers. These typically relate to customer disputes and billing adjustments and are recorded as a reduction of revenues, net. Reserves for these revenues credits are accounted for as variable consideration under authoritative revenue recognition guidance (see Note 3 December 31, 2018 2017, $353 $799, Property and Equipment Property and equipment are stated at historical cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the related assets. Upon retirement or sale, the cost and related accumulated depreciation are removed from the balance sheet and the resulting gain or loss is reflected in operations. Major additions and improvements are capitalized while repairs and maintenance that do not Internally Developed Software Costs incurred in the development phase are capitalized and amortized over the product’s estimated useful life, which is three 2018, 2017 2016, $2,129, $2,068, $4,712 $3,774, $3,669, $2,988 2018, 2017 2016, December 31, 2018 2017, $6,972 $8,617, Goodwill, Intangible Assets and Impairment Assessments Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. Intangible assets that are not two six The Company evaluates goodwill for impairment in the fourth may one not Due to a sustained decline in the market capitalization of the Company's common stock during the nine September 30, 2018, $14,740, nine September 30, 2018. first 2017 $2,797 December 31, 2017. 6 In the fourth 2018, no September 30, 2018, fourth 2018. Impairment of Long-Lived Assets The Company evaluates long-lived assets, excluding goodwill, for potential impairment whenever adverse events or changes in circumstances or business climate indicate that expected undiscounted future cash flows related to such long-lived assets may not not not no 2018, 2017 2016. Operating Leases The Company’s operating lease agreements include provisions for tenant improvement allowances, certain rent holidays and escalations in the base price of the rent payment. The Company defers tenant improvement allowances and amortizes the balance as a reduction to rent expense over the lease term. The Company records rent holidays and rent escalations on a straight-line basis over the lease term. Deferred rent is included in accrued expenses and other current liabilities, as well as other long-term liabilities in the accompanying consolidated balance sheets. Revenue Recognition The Company generates revenues principally from subscriptions either directly with advertisers or with advertising agencies to its platform for the management of search, social, eCommerce and display advertising. The Company also generates revenues from strategic agreements with certain leading publishers. Under these strategic agreements, the Company receives consideration based on a percentage of the search advertising spend that customers manage on its platform. Revenues are recognized when control of these services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. See Note 3 Cost of Revenues Cost of revenues primarily consists of costs related to hosting the Company’s cloud-based platform, providing implementation and ongoing customer support, data communications expenses, salaries and benefits of operations and support personnel, software license fees, costs associated with website development activities, indirect overhead, amortization expense associated with capitalized internally developed software and intangible assets and property and equipment depreciation. Stock-Based Compensation Expense Stock-based compensation expense is measured at grant date based on the fair value of the award and is expensed on a straight-line basis over the requisite service period. RSUs are measured based on the fair market values of the underlying common stock on the dates of grant. Shares of common stock are issued on the vesting dates. Fair values of stock option awards are determined on the date of grant using the Black-Scholes option-pricing model. In applying this option-pricing model, the Company’s determination of the fair value of the stock option award on the date of grant is affected by the Company’s fair value of its common stock, as well as assumptions regarding a number of subjective variables. These variables include, but are not For stock option and RSU awards with time-based vesting, the Company recognizes stock-based compensation expense over the requisite service period using the straight-line method, based on awards ultimately expected to vest. The Company estimates future forfeitures at the date of grant and revises the estimates, if necessary, in subsequent periods if actual forfeitures differ from those estimates. See Note 10 11 Research and Development Research and development costs are expensed as incurred, except for certain internal software development costs, which may third Advertising and Promotion Advertising and promotional costs are expensed as incurred and included in sales and marketing expense in the accompanying consolidated statements of comprehensive loss. Advertising and promotion expense totaled $494, $758, $876 2018, 2017 2016, Sales Taxes Sales and other taxes collected from customers and remitted to governmental authorities are presented on a net basis and thus excluded from revenues. Foreign Currency For international subsidiaries whose functional currency is not The Company records net gains and losses resulting from foreign exchange transactions as a component of other income (expenses), net. Aggregate foreign currency gains (losses) included in determining net loss were $205, 1,029 3 2018, 2017 2016, Income Taxes The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are determined based on differences between the financial statement and tax basis of assets and liabilities and net operating loss and credit carryforwards using enacted tax rates in effect for the year in which the differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to be realized. The Company accounts for uncertain tax positions using a more-likely-than- not not 2018, 2017 2016. not twelve See Note 12 December 2017. Recently Accounting Pronouncements Adopted In May 2014, 2014 09, Revenue from Contracts with Customers 606 606 606” 606 606 January 1, 2018 606 3 606. In May 2017, 2017 09, Compensation – Stock Compensation 718 2017 09 January 1, 2018, no December 31, 2018. Recent Accounting Pronouncements Not In February 2016, 2016 02, Leases 842 840 2016 02 December 15, 2018, July 2018, 2018 10, Codification Improvements to Topic 842, 2018 11, Leases (Topic 842 2016 02 2018 11 January 1, 2019. 15, $15,500 $16,500, $17,500 $18,500. In February 2018, 2018 02, Income Statement – Reporting Comprehensive Income – Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income 220 12 2018 02 December 15, 2018, not In August 2018, 2018 13, Fair Value Measurement 820 2018 13 December 15, 2019, In August 2018, 2018 15, Intangibles – Goodwill and Other – Internal-Use Software 35 40 2018 15 December 15, 2019, |
Note 3 - Revenues
Note 3 - Revenues | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 3. Adoption of ASC 606 On January 1, 2018, 606 January 1, 2018 606, not The Company recorded a net reduction to opening accumulated deficit of $4,235, January 1, 2018 606, 1 2 606 606 Revenue Recognition The Company generates its revenues principally from subscriptions either directly with advertisers or with advertising agencies to its platform for the management of search, social, eCommerce and display advertising. It also generates a portion of its revenues from long-term strategic agreements with certain leading publishers. Revenues are recognized when control of these services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. The Company determines revenue recognition through the following steps: ● Identification of the contract, or contracts, with a customer; ● Identification of the performance obligations in the contract; ● Determination of the transaction price; ● Allocation of the transaction price to the performance obligations in the contract; and ● Recognition of revenue when, or as, the Company satisfies a performance obligation. Subscriptions The Company's subscription contracts provide advertisers with access to the Company's advertising management platform. Advertisers do not one not three six The Company's subscription services comprise a single stand-ready performance obligation satisfied over time as the advertiser simultaneously receives and consumes the benefit from the Company's performance. This performance obligation constitutes a series of services that are substantially the same and provided over time using the same measure of progress. Revenues derived from these arrangements are recognized over time using an output method based upon the passage of time as this provides a faithful depiction of the pattern of transfer of control. Fixed minimum monthly platform fees are recognized ratably over the contract term as the single performance obligation is satisfied. Variable fees are allocated to the distinct month of the series in which they are earned because the terms of the variable payments relate specifically to the outcome from transferring the distinct time increment (month) of service and because such amounts reflect the fees to which the Company expects to be entitled for providing access to the advertising management platform for that period, consistent with the allocation objective of ASC 606. Strategic Agreements The Company has entered into long-term strategic agreements with certain leading search publishers. Under these strategic agreements, the Company receives consideration based on a percentage of the search advertising spend that its customers manage on its platform. These strategic agreements are generally billed on a quarterly basis. The majority of the Company's strategic agreement revenue is concentrated to one December 2018, October 1, 2018. two three two no not two one The Company evaluates the total amount of variable revenue share payments expected to be earned from this agreement by using the expected value method, as it believes this method represents the most appropriate estimate for this consideration, based on historical service trends, the individual contract considerations and the Company's best judgment at the time. The Company includes estimates of variable consideration in revenues only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not December 31, 2018, $2,933 one December 31, 2018, $11,709 $8,781 December 31, 2019 2020, Disaggregation of Revenues Revenues by geographic area, based on the billing location of the customer, were as follows for the periods presented: Years Ended December 31, 2018 2017 (1) 2016 (1) United States of America $ 40,907 $ 49,637 $ 69,220 United Kingdom 7,664 9,556 11,083 Other (2) 10,060 15,798 19,575 Total revenues, net $ 58,631 $ 74,991 $ 99,878 ( 1 December 31, 2017 2016 not 606 ( 2 No 10% Revenues by nature of services performed were as follows for the periods presented: Years Ended December 31, 2018 2017 (1) 2016 (1) Subscriptions $ 54,532 $ 73,453 $ 97,486 Strategic agreements 4,099 1,538 2,392 Total revenues, net $ 58,631 $ 74,991 $ 99,878 ( 1 December 31, 2017 2016 not 606 Contract Balances Accounts receivable, net The timing of revenue recognition may December 31, 2018 2017 December 31, 2018 $3,867 December 2018. Customer advances The Company records advances from customers for cash payments that are received in advance of its performance of the underlying services. These services are contracted on a weekly basis and cash payments are generally received on a weekly basis at amounts that are at the discretion of the customers, based on established advertising budgets. The unused portion of these advances from customers is included within accruals and other current liabilities on the accompanying consolidated balance sheets. Under the Company's terms of service, individual customer advances that are not 180 no January 1, 2018 $1,445 $558 January 1, 2018. December 31, 2018, $432 December 31, 2018. $213 December 31, 2018. Deferred Strategic Agreement Revenues Due to the timing of revenue recognition on the Company's long-term strategic agreement with Google, the contractual billings exceed revenue recognized to date, resulting in a contract liability. As of December 31, 2018, $934 Costs to Obtain and Fulfill Contracts The Company capitalizes certain contract acquisition costs, consisting primarily of commissions paid and the related payroll taxes that are incremental to obtaining customer contracts, when customer contracts are signed ("deferred costs to obtain contracts"). The Company also capitalizes certain contract fulfillment costs, consisting primarily of on-boarding and integration services for new and existing customers performed by the Company’s professional services team. The professional services payroll and the related fringe benefits that are directly related to fulfilling customer contracts are capitalized ("deferred costs to fulfill contracts"). The deferred costs to obtain and fulfill contracts are amortized based on the expected period of benefit, which the Company determined to be three The Company classifies deferred costs to obtain and fulfill contracts as current or non-current based on the timing of when the related amortization expense is expected be recognized. The current portion of these deferred costs is included in prepaid expenses and other current assets, while the non-current portion is included in other non-current assets on the accompanying consolidated balance sheets. Changes in the balances of deferred costs to obtain and fulfill contracts during the year ended December 31, 2018 Deferred Costs to Obtain Contracts Deferred Costs to Fulfill Contracts Balances at January 1, 2018, as adjusted for adoption of ASC 606 $ 1,760 $ 880 Costs deferred 1,094 330 Amortization (1,441 ) (604 ) Balances at December 31, 2018 $ 1,413 $ 606 ASC 606 The following table reflects the accounts impacted by the adoption of ASC 606 December 31, 2018: December 31, 2018 As Reported Balances Without Adoption of ASC 606 Effect of Change Higher/(Lower) Assets Prepaid expenses and other current assets $ 4,642 $ 3,482 $ 1,160 Other non-current assets 2,045 1,186 859 Liabilities Accrued expenses and other current liabilities $ 9,383 $ 12,125 $ (2,742 ) Stockholders' equity Accumulated deficit $ (264,713 ) $ (267,456 ) $ 2,743 The following tables reflects the impact of the adoption of ASC 606 December 31, 2018: Year Ended December 31, 2018 As Reported Balances Without Adoption of ASC 606 Effect of Change Higher/(Lower) Revenues, net $ 58,631 $ 59,352 $ (721 ) Cost of revenues 27,154 26,880 274 Gross profit 31,477 32,472 (995 ) Operating expenses Sales and marketing 23,425 23,078 347 Research and development 22,450 22,450 — General and administrative 13,113 13,113 — Impairment of goodwill 14,740 14,740 — Total operating expenses 73,728 73,381 347 Loss from operations (42,251 ) (40,909 ) (1,342 ) Other income, net 1,593 1,593 — Loss before provision for income taxes (40,658 ) (39,316 ) (1,342 ) Provision for income taxes (586 ) (586 ) — Net loss $ (41,244 ) $ (39,902 ) $ (1,342 ) Net loss per share available to common stockholders, basic and diluted $ (7.13 ) $ (6.90 ) $ (0.23 ) Practical Expedients and Exemptions The Company does not one |
Note 4 - Restructuring Activiti
Note 4 - Restructuring Activities | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Restructuring and Related Activities Disclosure [Text Block] | 4. 2018 On January 24, 2018, “2018 2018 13% 2018 December 31, 2018, not 2018 December 31, 2018, $1,276 2018 No December 31, 2018. 2016 During 2016, “2016 $596 2016 December 31, 2016. 2016 December 31, 2016, no December 31, 2018 2017. |
Note 5 - Balance Sheet Componen
Note 5 - Balance Sheet Components | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Supplemental Balance Sheet Disclosures [Text Block] | 5. The following table shows the components of property and equipment as of the dates presented: December 31, Estimated Useful Life 2018 2017 Computer equipment 3 to 4 years $ 27,781 $ 29,938 Software, including internally developed software 3 years 25,518 23,389 Leasehold improvements Shorter of useful life or lease term 4,778 4,617 Office equipment, furniture and fixtures 3 to 5 years 2,140 2,127 Total property and equipment 60,217 60,071 Less: Accumulated depreciation and amortization (48,402 ) (44,512 ) Property and equipment, net $ 11,815 $ 15,559 Depreciation and amortization of internally developed software for 2018, 2017 2016 $6,432, $8,427, $9,023, The following table shows the components of accrued expenses and other current liabilities as of the dates presented: December 31, 2018 2017 Accrued salary and payroll-related expenses $ 3,695 $ 4,372 Deferred strategic agreement revenues (Note 3) 934 — Income taxes payable 883 142 Accrued liabilities 866 2,161 Advanced billings 859 459 Deferred rent 538 475 Customer advances (Note 3) 432 2,003 Sales and use tax payable 244 341 Other 932 521 Total accrued expenses and other current liabilities $ 9,383 $ 10,474 |
Note 6 - Goodwill and Intangibl
Note 6 - Goodwill and Intangible Assets | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | 6. The goodwill balance as of December 31, 2018 $1,943 nine September 30, 2018, For the purposes of the goodwill impairment test performed on September 30, 2018, September 30, 2018, 2 7 $14,740, December 31, 2018, third Similarly, there was a sustained decline in the Company's stock price in the six June 30, 2017, June 30, 2017, 2 $2,797, December 31, 2017, second No three December 31, 2018, fourth The goodwill activity for the year ended December 31, 2018 Balance at December 31, 2017 $ 16,768 Impairment (14,740 ) Foreign currency translation adjustments (85 ) Balance at December 31, 2018 $ 1,943 Intangible assets consisted of the following as of the dates presented: December 31, Estimated Useful Life 2018 2017 Developed technology 5 to 6 years $ 9,910 $ 9,910 Customer relationships 4 years 2,080 3,370 Tradename 3 years — 1,390 Total intangible assets 11,990 14,670 Less: accumulated amortization (10,052 ) (10,195 ) Intangible assets, net $ 1,938 $ 4,475 Amortization expense for 2018, 2017 2016 $2,537, $2,850, $3,080. Future estimated amortization of intangible assets as of December 31, 2018 Year ending December 31, 2019 $ 1,843 Year ending December 31, 2020 95 Total $ 1,938 |
Note 7 - Fair Value Measurement
Note 7 - Fair Value Measurements | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 7. Account balances measured at fair value on a recurring basis include the following as of the dates presented: December 31, 2018 2017 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Cash equivalents Money market funds $ 2,806 $ — $ — $ 8,831 $ — $ — The Company’s cash equivalents as of December 31, 2018 2017 1. no December 31, 2018 2017. |
Note 8 - Capital Lease Obligati
Note 8 - Capital Lease Obligations | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Debt and Capital Leases Disclosures [Text Block] | 8. At various dates between August 2015 September 2017, nine 5.7% 7.9% 36 48 In September October 2016, two 5.2% 48 As of December 31, 2018 2017, $2,003 $2,861, $1,798 $3,103, Future minimum capital lease payments as of December 31, 2018 Year Ending December 31, 2019 $ 1,324 December 31, 2020 552 December 31, 2021 11 Total 1,887 Less: Amount representing interest (89 ) Present value of capital lease obligations 1,798 Less: Current portion of capital lease obligations (1,249 ) Non-current portion of capital lease obligations $ 549 In connection with its non-cancelable lease for its corporate headquarters in San Francisco, the Company maintains a standby letter of credit agreement for $1,293 with Silicon Valley Bank. The Company is required to separately restrict from use $1,293 in cash held at Silicon Valley Bank to secure this letter of credit. This balance has been classified as restricted cash on the consolidated balance sheets. |
Note 9 - Common Stock
Note 9 - Common Stock | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 9. As of December 31, 2018 2017, 142,857 $0.001 10,000 $0.001 December 31, 2018 2017 Options or RSUs available for future grant under stock option plans 896 999 Options outstanding under stock option plans 436 436 RSUs outstanding under stock option plans 834 568 Shares available for future issuance under employee stock purchase plan 153 182 Total 2,319 2,185 |
Note 10 - Equity Award Plans
Note 10 - Equity Award Plans | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Shareholders' Equity and Share-based Payments [Text Block] | 10. In April 2006, 2006 “2006 February 2013, 2013 “2013 March 21, 2013. 2006 2013 643 2006 2013 2013 January 1 first 10 2023, 2013 5% December 31, 2013 297 January 1, 2019. Stock Options Under the 2006 2013 may not ten may three may 12 no may A summary of stock option activity under the 2006 2013 Options Outstanding Number of Shares Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term (in Years) Aggregate Intrinsic Value Balance at December 31, 2015 851 $ 53.06 7.85 $ 957 Options granted 172 18.62 6.82 Options exercised (38 ) 10.36 — Options forfeited and cancelled (449 ) 54.53 — Balance at December 31, 2016 536 $ 43.83 7.48 $ 194 Options granted 79 11.66 9.35 Options forfeited and cancelled (179 ) 44.82 — Balance at December 31, 2017 436 $ 37.60 7.04 $ 65 Options granted 122 7.06 7.93 Options forfeited and cancelled (122 ) 37.55 — Balance at December 31, 2018 436 $ 29.01 6.79 $ — Options exercisable as of December 31, 2018 289 38.65 5.76 — Options vested as of December 31, 2018 289 38.64 5.76 — Options vested and expected to vest as of December 31, 2018 423 29.58 6.73 — The intrinsic value of options exercised during 2016 $328. 2018, 2017 2016 $778, $1,451, $5,424, RSUs A summary of RSU activity under the 2013 RSUs Outstanding Number of Shares Weighted Average Grant Date Fair Value Per Unit Granted and unvested at December 31, 2015 175 $ 65.52 RSUs granted 446 18.76 RSUs vested (30 ) 50.33 RSUs cancelled (162 ) 30.80 Granted and unvested at December 31, 2016 429 $ 21.48 RSUs granted 405 10.56 RSUs vested (78 ) 21.29 RSUs cancelled and withheld to cover taxes (188 ) 19.97 Granted and unvested at December 31, 2017 568 $ 14.22 RSUs granted 709 6.34 RSUs vested (123 ) 14.87 RSUs cancelled and withheld to cover taxes (320 ) 12.75 Granted and unvested at December 31, 2018 834 $ 7.99 Employee Stock Purchase Plan In February 2013, 2013 “2013 143 2013 March 22, 2013. 2013 six 2013 85% 1 first 2 January 1 first 10 first 2013 1% December 31, not 100 2013 59 January 1, 2019. 2018 2017, 86 43 2013 |
Note 11 - Stock-based Compensat
Note 11 - Stock-based Compensation Expense | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 11. The Company recorded stock-based compensation expense of $3,971, $4,704 $10,295 2018, 2017 2016, Stock Options The Company uses the Black-Scholes option-pricing model to estimate the fair value of options. This model requires the input of highly subjective assumptions including the expected volatility, risk-free interest rate and the expected life of options. The Company used the following assumptions for its Black-Scholes option-pricing model for the periods presented: Years Ended December 31, 2018 2017 2016 Dividend yield — — — Expected volatility 55.9 % 47.3 % 47.5 % Risk-free interest rate 2.54 % 2.03 % 1.38 % Expected life of options (in years) 4.00 6.25 6.25 Weighted-average grant-date fair value $ 3.20 $ 5.61 $ 8.82 Weighted-average grant-date exercise price $ 7.06 $ 11.66 $ 18.62 Starting in 2018, March 2013. 2018, no The Company recognized stock-based compensation expense only for those shares expected to vest over the requisite service period of the underlying award. The company determines its estimated forfeiture rated based on an analysis of its actual forfeitures and will continue to evaluate the appropriateness of the forfeiture rate based on recent forfeiture activity and expected future employee turnover, if any. Changes in the estimated forfeiture rate can have a significant effect on reported stock-based compensation expense, as the cumulative effect of adjusting the rate for all expense is recognized in the period the forfeiture estimate is changed. No not not, not There were no 2018 2017. $390 2016. December 31, 2018 2017, $518 $934, 1.8 1.6 RSUs As of December 31, 2018 2017, $4,852 $6,428, 2.5 2.1 Employee Stock Purchase Plan The Company estimates the fair value of purchase rights under the 2013 2013 six 2013 |
Note 12 - Income Taxes
Note 12 - Income Taxes | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 12. The components of the Company’s loss before provision for income taxes were as follows: Years Ended December 31, 2018 2017 2016 United States of America $ (25,375 ) $ (15,740 ) $ (7,595 ) International (15,283 ) (14,744 ) (7,481 ) Loss before provision for income taxes $ (40,658 ) $ (30,484 ) $ (15,076 ) The components of the provision for income taxes were as follows: Years Ended December 31, 2018 2017 2016 Current income tax provision Federal $ — $ — $ — State 44 64 58 Foreign 940 1,301 1,708 Total current income tax provision 984 1,365 1,766 Deferred income tax benefit Federal — — — State — — — Foreign (398 ) (358 ) (362 ) Total deferred income tax benefit (398 ) (358 ) (362 ) Provision for income taxes $ 586 $ 1,007 $ 1,404 The differences in the total provision for income taxes that would result from applying the 21% 2018, 34% 2017 2016, Years Ended December 31, 2018 2017 2016 Tax benefit at U.S. statutory rate $ (8,538 ) $ (10,365 ) $ (5,126 ) Foreign income and withholding taxes 4,247 5,578 4,317 Other permanent differences 3,807 974 — State income taxes, net of federal benefit (1,766 ) (2,858 ) (147 ) Change in valuation allowance 1,402 (8,158 ) 155 Stock-based compensation 847 1,085 2,231 Research and development credits (822 ) (382 ) (736 ) Provision to return adjustments 658 153 (484 ) Uncertain tax positions 224 1,995 1,146 Impact of change to U.S. statutory rate from Tax Cuts and Jobs Act — 14,302 — Recognition of tax windfalls related to stock-based compensation — (1,291 ) — Other 527 (26 ) 48 Provision for income taxes $ 586 $ 1,007 $ 1,404 Major components of the Company’s deferred tax assets (liabilities) as of December 31, 2018 2017 December 31, 2018 2017 Net operating loss $ 27,192 $ 25,002 Research and development credits 9,308 8,757 Stock-based compensation 2,519 2,796 Accruals and reserves 513 1,656 Property and equipment and intangible assets (342 ) (710 ) Other 3,272 3,161 Net deferred tax assets 42,462 40,662 Valuation allowance (42,626 ) (41,224 ) Total non-current net deferred tax liabilities, net of valuation allowance $ (164 ) $ (562 ) The Tax Reform Act of 1986, may may 382 382” may 382. may may one not 50% three 382 fourth 2017 no may As of December 31, 2018, $117,816 $98,993, 2026 2022. December 31, 2018, $6,328 $7,084, 2026. not The Company has recorded a full valuation allowance against its otherwise recognizable deferred income tax assets as of December 31, 2018 2017 not not $1,402 December 31, 2018, $8,158 December 31, 2017 $469 December 31, 2016. The Company files federal, state and foreign income tax returns in jurisdictions with varying statutes of limitations. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world. These audits include questioning the timing and amount of deduction, the nexus of income among various tax jurisdictions and compliance with state, local and foreign tax laws. The Company is not 2006 Uncertain Tax Positions As of December 31, 2018 2017, $1,203 $1,610, 2018, 2017 2016, not Ending balance as of December 31, 2015 $ 7,558 Decrease in balances related to tax positions taken during the current period (2 ) Increase in balances related to tax positions taken during the prior period 1,240 Ending balance as of December 31, 2016 8,796 Increase in balances related to tax positions taken during the current period 1,738 Decrease in balances related to tax positions taken during the prior period (9 ) Decrease in balances due to change in United States statutory rate (2,101 ) Ending balance as of December 31, 2017 8,424 Increase in balances related to tax positions taken during the current period 778 Decrease in balances related to tax positions taken during the prior period (812 ) Ending balance as of December 31, 2018 $ 8,390 The Company does not December 31, 2018 twelve The Tax Cuts and Jobs Act On December 22, 2017, not 1 35% 21% December 31, 2017; ( 2 3 one not $18,696 $4,394, $14,302 December 31, 2017. The SEC staff issued Staff Accounting Bulletin No. 118 118" not 118 not one December 31, 2018. 118, not December 31, 2018. The BEAT provisions in the TCJA essentially represent a 10% 5% December 31, 2017, 10% December 31, 2018) not three $500,000. not December 31, 2018. In addition, the TCJA imposes a U.S. tax on GILTI that is earned by certain foreign subsidiaries, and requires U.S. corporations to elect an accounting policy to either recognize GILTI as a current period expense when incurred or to record deferred taxes for the temporary basis differences expected to reverse in the future as GILTI. The Company did not December 31, 2018, The Transition Tax is imposed on previously untaxed historical earnings and profits of foreign subsidiaries. Based on an evaluation of the Company’s operations, no December 31, 2017 |
Note 13 - Net Loss Per Share Av
Note 13 - Net Loss Per Share Available to Common Stockholders | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 13. Basic net loss of common stock is calculated by dividing the net loss available to common stockholders by the weighted-average number of shares of common stock outstanding for the period. The weighted-average number of shares of common stock excludes those shares subject to repurchase related to stock options or restricted stock that were exercised or issued, respectively, prior to vesting, as those shares are not The following table presents the calculation of basic and diluted net loss per share: Years Ended December 31, 2018 2017 2016 Numerator: Net loss available to common stockholders $ (41,244 ) $ (31,491 ) $ (16,480 ) Denominator: Weighted average number of shares, basic and diluted 5,783 5,638 5,474 Net loss per share available to common stockholders: Basic and diluted net loss per common share available to common stockholders $ (7.13 ) $ (5.59 ) $ (3.01 ) The following table presents the potential common shares outstanding that were excluded from the computation of diluted net loss per share of common stock for the periods presented because including them would have been anti-dilutive: Years Ended December 31, 2018 2017 2016 Options to purchase common stock 436 436 536 RSUs 834 568 429 Common stock subject to repurchase — — 1 Total 1,270 1,004 966 |
Note 14 - Segment Reporting
Note 14 - Segment Reporting | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 14. The Company defines the term “chief operating decision maker” to be the Chief Executive Officer. The Chief Executive Officer reviews the financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. Accordingly, the Company has determined that it operates as a single reportable and operating segment. See Note 3 December 31, 2018 2017 United States of America $ 11,483 $ 15,069 International 332 490 Total long-lived assets, net $ 11,815 $ 15,559 |
Note 15 - Commitments and Conti
Note 15 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 15. Operating Leases Rent expense for 2018, 2017 20156 $8,420, $8,519, $8,760, The Company has leased office space in San Francisco, Austin, Chicago, Dublin, London, New York, Paris, Portland, Shanghai and Tokyo under non-cancelable operating leases, which expire between 2019 2024. The Company also maintains sublease agreements with for portions of its San Francisco and Portland office spaces. In August 2018, July 2022, 14,380 third July 2020, July 2022. third May 2020. December 31, 2018, 2017 2016 $1,463, $1,096 $753, Future minimum lease payments for significant non-cancelable operating leases and the related sublease income as of December 31, 2018 Year Ending Operating Lease Expense Operating Sublease Income December 31, 2019 $ 8,239 $ 2,249 December 31, 2020 3,691 1,768 December 31, 2021 3,427 1,105 December 31, 2022 2,194 616 December 31, 2023 362 — Thereafter 90 — Total $ 18,003 $ 5,738 Legal Matters From time to time, the Company may Indemnification The Company enters into standard indemnification agreements in the ordinary course of business. Pursuant to the agreements, each party may third third not no December 31, 2018 2017. The Company also indemnifies its officers and directors for certain events or occurrences, subject to certain limits, while the officer or director is or was serving at the Company’s request in such capacity. The maximum amount of potential future indemnification is unlimited; however, the Company has a Directors and Officers insurance policy that limits its exposure and enables the Company to recover a portion of any future amounts paid. Historically, the Company has not no December 31, 2018 2017. Other Contingencies The Company is subject to claims and assessments from time to time in the ordinary course of business. The Company’s management does not |
Note 16 - Employee Benefit Plan
Note 16 - Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | 16. The Company sponsors a 401 no 2018, 2017 2016. The Company also sponsors a statutorily required defined contribution pension plan covering all employees in the United Kingdom. The Company made contributions to this plan of $87, $75 $85 December 31, 2018, 2017 2016, |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Liquidity Policy [Policy Text Block] | Liquidity The Company has incurred significant losses in each fiscal year since its incorporation in 2006 $41,244, $31,491 $16,480 2018, 2017 2016, December 31, 2018, $264,713. $11,503 December 31, 2018. January 2018, 4 2018 2019. 12 |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated upon consolidation. |
Reclassification, Policy [Policy Text Block] | Reclassifications When necessary, reclassifications have been made to prior period financial information to conform to the current year presentation. |
Stockholders' Equity, Policy [Policy Text Block] | Reverse Stock Split and Reduction in Authorized Shares On October 5, 2017, seven one 500,000 142,857 |
Use of Estimates, Policy [Policy Text Block] | Accounting Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make certain estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company is subject to uncertainties such as the impact of future events, economic and political factors and changes in the Company’s business environment; therefore, actual results could differ from these estimates. Accordingly, the accounting estimates used in the preparation of the Company’s financial statements will change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes. Changes in estimates are made when circumstances warrant. Such changes in estimates and refinements in estimation methodologies are reflected in reported results of operations and if material, the effects of changes in estimates are disclosed in the notes to the consolidated financial statements. Significant estimates and assumptions by management affect the allowances for doubtful accounts and customer revenue credits, the carrying value of long-lived assets (including goodwill and intangible assets), the useful lives of long-lived assets, the accounting for income taxes and stock-based compensation. |
Significant Risks and Uncertainties, Policy [Policy Text Block] | Certain Significant Risks and Uncertainties The Company operates in a rapidly changing environment that involves a number of risks, some of which are beyond the Company’s control that could have a material adverse effect on the Company’s business, operating results and financial condition. These risks include, among others, the Company’s history of losses and negative cash flows; the highly competitive environment in which the Company operates; the ability to maintain and increase usage rate of the Company’s platform and the ability for the Company to increase demand for its solutions. |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents and accounts receivable. The Company’s cash and cash equivalents are placed with high-credit-quality financial institutions and issuers, and at times exceed federally insured limits. The Company has not not As of December 31, 2018, one 3 30% December 31, 2017, no 10% No 10% December 31, 2018, 2017 2016. |
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents and Restricted Cash The Company considers all highly liquid investments with an original or remaining maturity from the Company’s date of purchase of 90 three $2,806 $8,831 December 31, 2018 2017, Restricted cash consists of deposits held with a financial institution to secure the Company’s non-cancelable lease for its corporate headquarters in San Francisco (see Note 8 |
Fair Value Measurement, Policy [Policy Text Block] | Fair Value of Financial Instruments The Company’s financial instruments, including accounts receivable, accounts payable and accrued expenses are carried at cost, which approximates fair value because of the short-term nature of those instruments. Based on borrowing rates available to the Company for loans with similar terms and maturities, and in consideration of the Company’s credit risk profile, the carrying value of outstanding capital lease obligations (Note 8 2 The Company measures and reports certain financial assets at fair value on a recurring basis, including its investments in money market funds. The fair value hierarchy prioritizes the inputs into three Level 1 Inputs are unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 Inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 Inputs are unobservable inputs based on the Company’s assumptions. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. |
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block] | Allowances for Doubtful Accounts and Revenue Credits The allowance for doubtful accounts reflects the Company’s best estimate of probable losses inherent in the Company’s receivables portfolio determined on the basis of historical experience, specific allowances for known troubled accounts and other currently available evidence. The Company performs a regular review of its customers’ payment histories and associated credit risks and it does not not 2017, 2016 2015, Years Ended December 31, 2018 2017 2016 Balances at beginning of year $ 4,028 $ 3,510 $ 2,188 Additions to expense 48 1,507 2,328 Write-offs and other deductions (1,425 ) (989 ) (1,006 ) Balances at end of year $ 2,651 $ 4,028 $ 3,510 From time to time, the Company provides revenue credits to customers and an allowance is made based on historical credit activity. These credits typically relate to customer disputes and billing adjustments and are estimated at the time revenue is recognized and recorded as a reduction of revenues, net. As of December 31, 2018 2017, $353 $799, |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment Property and equipment are stated at historical cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the related assets. Upon retirement or sale, the cost and related accumulated depreciation are removed from the balance sheet and the resulting gain or loss is reflected in operations. Major additions and improvements are capitalized while repairs and maintenance that do not |
Internal Use Software, Policy [Policy Text Block] | Internally Developed Software Costs incurred in the development phase are capitalized and amortized over the product’s estimated useful life, which is three 2018, 2017 2016, $2,129, $2,068, $4,712 $3,774, $3,669, $2,988 2018, 2017 2016, December 31, 2018 2017, $6,972 $8,617, |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | Goodwill, Intangible Assets and Impairment Assessments Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. Intangible assets that are not two six The Company evaluates goodwill for impairment in the fourth may one not Due to a sustained decline in the market capitalization of the Company's common stock during the nine September 30, 2018, $14,740, three September 30, 2018. first 2017 $2,797 December 31, 2017. 6 In the fourth 2018, no September 30, 2018, fourth |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Impairment of Long-Lived Assets The Company evaluates long-lived assets, excluding goodwill, for potential impairment whenever adverse events or changes in circumstances or business climate indicate that expected undiscounted future cash flows related to such long-lived assets may not not not no 2018, 2017 2016. |
Revenue Recognition Leases, Operating [Policy Text Block] | Operating Leases The Company’s operating lease agreements include provisions for tenant improvement allowances, certain rent holidays and escalations in the base price of the rent payment. The Company defers tenant improvement allowances and amortizes the balance as a reduction to rent expense over the lease term. The Company records rent holidays and rent escalations on a straight-line basis over the lease term. Deferred rent is included in accrued expenses and other current liabilities, as well as other long-term liabilities in the accompanying consolidated balance sheets. |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition The Company generates revenues principally from subscriptions either directly with advertisers or with advertising agencies to its platform for the management of search, social, eCommerce and display advertising. The Company also generates revenues from strategic agreements with certain leading publishers. Under these strategic agreements, the Company receives consideration based on a percentage of the search advertising spend that customers manage on its platform. Revenues are recognized when control of these services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. See Note 3 |
Cost of Sales, Policy [Policy Text Block] | Cost of Revenues Cost of revenues primarily consists of costs related to hosting the Company’s cloud-based platform, providing implementation and ongoing customer support, data communications expenses, salaries and benefits of operations and support personnel, software license fees, costs associated with website development activities, indirect overhead, amortization expense associated with capitalized internally developed software and intangible assets and property and equipment depreciation. |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-Based Compensation Expense Stock-based compensation expense is measured at grant date based on the fair value of the award and is expensed on a straight-line basis over the requisite service period. RSUs are measured based on the fair market values of the underlying common stock on the dates of grant. Shares of common stock are issued on the vesting dates. Fair values of stock option awards are determined on the date of grant using the Black-Scholes option-pricing model. In applying this option-pricing model, the Company’s determination of the fair value of the stock option award on the date of grant is affected by the Company’s fair value of its common stock, as well as assumptions regarding a number of subjective variables. These variables include, but are not For stock option and RSU awards with time-based vesting, the Company recognizes stock-based compensation expense over the requisite service period using the straight-line method, based on awards ultimately expected to vest. The Company estimates future forfeitures at the date of grant and revises the estimates, if necessary, in subsequent periods if actual forfeitures differ from those estimates. See Note 10 11 |
Research and Development Expense, Policy [Policy Text Block] | Research and Development Research and development costs are expensed as incurred, except for certain internal software development costs, which may |
Advertising Costs, Policy [Policy Text Block] | Advertising and Promotion Advertising and promotional costs are expensed as incurred and included in sales and marketing expense in the accompanying consolidated statements of comprehensive loss. Advertising and promotion expense totaled $494, $758, $876 2018, 2017 2016, |
Sales Taxes [Policy Text Block] | Sales Taxes Sales and other taxes collected from customers and remitted to governmental authorities are presented on a net basis and thus excluded from revenues. |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency For international subsidiaries whose functional currency is not The Company records net gains and losses resulting from foreign exchange transactions as a component of other income (expenses), net. Aggregate foreign currency gains (losses) included in determining net loss were $205, 1,029 3 2018, 2017 2016, |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are determined based on differences between the financial statement and tax basis of assets and liabilities and net operating loss and credit carryforwards using enacted tax rates in effect for the year in which the differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to be realized. The Company accounts for uncertain tax positions using a more-likely-than- not no 2018, 2017 2016. not twelve See Note 12 December 2017. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Accounting Pronouncements Adopted In May 2014, 2014 09, Revenue from Contracts with Customers 606 606 606” 606 606 January 1, 2018 3 606. In May 2017, 2017 09, Compensation – Stock Compensation 718 2017 09 January 1, 2018, no December 31, 2018. Recent Accounting Pronouncements Not In February 2016, 2016 02, Leases 842 840 2016 02 December 15, 2018, July 2018, 2018 10, Codification Improvements to Topic 842, 2018 11, Leases (Topic 842 2016 02 2018 11 January 1, 2019. 15, $15,500 $16,500, $17,500 $18,500. In February 2018, 2018 02, Income Statement – Reporting Comprehensive Income – Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income 220 12 2018 02 December 15, 2018, In August 2018, 2018 13, Fair Value Measurement 820 2018 13 December 15, 2019, In August 2018, 2018 15, Intangibles – Goodwill and Other – Internal-Use Software 35 40 2018 15 December 15, 2019, |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Allowance for Doubtful Accounts [Table Text Block] | Years Ended December 31, 2018 2017 2016 Balances at beginning of year $ 4,028 $ 3,510 $ 2,188 Additions to expense 48 1,507 2,328 Write-offs and other deductions (1,425 ) (989 ) (1,006 ) Balances at end of year $ 2,651 $ 4,028 $ 3,510 |
Note 3 - Revenues (Tables)
Note 3 - Revenues (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Years Ended December 31, 2018 2017 (1) 2016 (1) United States of America $ 40,907 $ 49,637 $ 69,220 United Kingdom 7,664 9,556 11,083 Other (2) 10,060 15,798 19,575 Total revenues, net $ 58,631 $ 74,991 $ 99,878 Years Ended December 31, 2018 2017 (1) 2016 (1) Subscriptions $ 54,532 $ 73,453 $ 97,486 Strategic agreements 4,099 1,538 2,392 Total revenues, net $ 58,631 $ 74,991 $ 99,878 |
Capitalized Contract Cost [Table Text Block] | Deferred Costs to Obtain Contracts Deferred Costs to Fulfill Contracts Balances at January 1, 2018, as adjusted for adoption of ASC 606 $ 1,760 $ 880 Costs deferred 1,094 330 Amortization (1,441 ) (604 ) Balances at December 31, 2018 $ 1,413 $ 606 |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | December 31, 2018 As Reported Balances Without Adoption of ASC 606 Effect of Change Higher/(Lower) Assets Prepaid expenses and other current assets $ 4,642 $ 3,482 $ 1,160 Other non-current assets 2,045 1,186 859 Liabilities Accrued expenses and other current liabilities $ 9,383 $ 12,125 $ (2,742 ) Stockholders' equity Accumulated deficit $ (264,713 ) $ (267,456 ) $ 2,743 Year Ended December 31, 2018 As Reported Balances Without Adoption of ASC 606 Effect of Change Higher/(Lower) Revenues, net $ 58,631 $ 59,352 $ (721 ) Cost of revenues 27,154 26,880 274 Gross profit 31,477 32,472 (995 ) Operating expenses Sales and marketing 23,425 23,078 347 Research and development 22,450 22,450 — General and administrative 13,113 13,113 — Impairment of goodwill 14,740 14,740 — Total operating expenses 73,728 73,381 347 Loss from operations (42,251 ) (40,909 ) (1,342 ) Other income, net 1,593 1,593 — Loss before provision for income taxes (40,658 ) (39,316 ) (1,342 ) Provision for income taxes (586 ) (586 ) — Net loss $ (41,244 ) $ (39,902 ) $ (1,342 ) Net loss per share available to common stockholders, basic and diluted $ (7.13 ) $ (6.90 ) $ (0.23 ) |
Note 5 - Balance Sheet Compon_2
Note 5 - Balance Sheet Components (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | December 31, Estimated Useful Life 2018 2017 Computer equipment 3 to 4 years $ 27,781 $ 29,938 Software, including internally developed software 3 years 25,518 23,389 Leasehold improvements Shorter of useful life or lease term 4,778 4,617 Office equipment, furniture and fixtures 3 to 5 years 2,140 2,127 Total property and equipment 60,217 60,071 Less: Accumulated depreciation and amortization (48,402 ) (44,512 ) Property and equipment, net $ 11,815 $ 15,559 |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | December 31, 2018 2017 Accrued salary and payroll-related expenses $ 3,695 $ 4,372 Deferred strategic agreement revenues (Note 3) 934 — Income taxes payable 883 142 Accrued liabilities 866 2,161 Advanced billings 859 459 Deferred rent 538 475 Customer advances (Note 3) 432 2,003 Sales and use tax payable 244 341 Other 932 521 Total accrued expenses and other current liabilities $ 9,383 $ 10,474 |
Note 6 - Goodwill and Intangi_2
Note 6 - Goodwill and Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | Balance at December 31, 2017 $ 16,768 Impairment (14,740 ) Foreign currency translation adjustments (85 ) Balance at December 31, 2018 $ 1,943 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | December 31, Estimated Useful Life 2018 2017 Developed technology 5 to 6 years $ 9,910 $ 9,910 Customer relationships 4 years 2,080 3,370 Tradename 3 years — 1,390 Total intangible assets 11,990 14,670 Less: accumulated amortization (10,052 ) (10,195 ) Intangible assets, net $ 1,938 $ 4,475 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Year ending December 31, 2019 $ 1,843 Year ending December 31, 2020 95 Total $ 1,938 |
Note 7 - Fair Value Measureme_2
Note 7 - Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | December 31, 2018 2017 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Cash equivalents Money market funds $ 2,806 $ — $ — $ 8,831 $ — $ — |
Note 8 - Capital Lease Obliga_2
Note 8 - Capital Lease Obligations (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Maturities of Long-term Debt [Table Text Block] | Year Ending December 31, 2019 $ 1,324 December 31, 2020 552 December 31, 2021 11 Total 1,887 Less: Amount representing interest (89 ) Present value of capital lease obligations 1,798 Less: Current portion of capital lease obligations (1,249 ) Non-current portion of capital lease obligations $ 549 In connection with its non-cancelable lease for its corporate headquarters in San Francisco, the Company maintains a standby letter of credit agreement for $1,293 with Silicon Valley Bank. The Company is required to separately restrict from use $1,293 in cash held at Silicon Valley Bank to secure this letter of credit. This balance has been classified as restricted cash on the consolidated balance sheets. |
Note 9 - Common Stock (Tables)
Note 9 - Common Stock (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Stockholders Equity [Table Text Block] | December 31, 2018 2017 Options or RSUs available for future grant under stock option plans 896 999 Options outstanding under stock option plans 436 436 RSUs outstanding under stock option plans 834 568 Shares available for future issuance under employee stock purchase plan 153 182 Total 2,319 2,185 |
Note 10 - Equity Award Plans (T
Note 10 - Equity Award Plans (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Options Outstanding Number of Shares Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term (in Years) Aggregate Intrinsic Value Balance at December 31, 2015 851 $ 53.06 7.85 $ 957 Options granted 172 18.62 6.82 Options exercised (38 ) 10.36 — Options forfeited and cancelled (449 ) 54.53 — Balance at December 31, 2016 536 $ 43.83 7.48 $ 194 Options granted 79 11.66 9.35 Options forfeited and cancelled (179 ) 44.82 — Balance at December 31, 2017 436 $ 37.60 7.04 $ 65 Options granted 122 7.06 7.93 Options forfeited and cancelled (122 ) 37.55 — Balance at December 31, 2018 436 $ 29.01 6.79 $ — Options exercisable as of December 31, 2018 289 38.65 5.76 — Options vested as of December 31, 2018 289 38.64 5.76 — Options vested and expected to vest as of December 31, 2018 423 29.58 6.73 — |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | RSUs Outstanding Number of Shares Weighted Average Grant Date Fair Value Per Unit Granted and unvested at December 31, 2015 175 $ 65.52 RSUs granted 446 18.76 RSUs vested (30 ) 50.33 RSUs cancelled (162 ) 30.80 Granted and unvested at December 31, 2016 429 $ 21.48 RSUs granted 405 10.56 RSUs vested (78 ) 21.29 RSUs cancelled and withheld to cover taxes (188 ) 19.97 Granted and unvested at December 31, 2017 568 $ 14.22 RSUs granted 709 6.34 RSUs vested (123 ) 14.87 RSUs cancelled and withheld to cover taxes (320 ) 12.75 Granted and unvested at December 31, 2018 834 $ 7.99 |
Note 11 - Stock-based Compens_2
Note 11 - Stock-based Compensation Expense (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Years Ended December 31, 2018 2017 2016 Dividend yield — — — Expected volatility 55.9 % 47.3 % 47.5 % Risk-free interest rate 2.54 % 2.03 % 1.38 % Expected life of options (in years) 4.00 6.25 6.25 Weighted-average grant-date fair value $ 3.20 $ 5.61 $ 8.82 Weighted-average grant-date exercise price $ 7.06 $ 11.66 $ 18.62 |
Note 12 - Income Taxes (Tables)
Note 12 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | Years Ended December 31, 2018 2017 2016 United States of America $ (25,375 ) $ (15,740 ) $ (7,595 ) International (15,283 ) (14,744 ) (7,481 ) Loss before provision for income taxes $ (40,658 ) $ (30,484 ) $ (15,076 ) |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Years Ended December 31, 2018 2017 2016 Current income tax provision Federal $ — $ — $ — State 44 64 58 Foreign 940 1,301 1,708 Total current income tax provision 984 1,365 1,766 Deferred income tax benefit Federal — — — State — — — Foreign (398 ) (358 ) (362 ) Total deferred income tax benefit (398 ) (358 ) (362 ) Provision for income taxes $ 586 $ 1,007 $ 1,404 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Years Ended December 31, 2018 2017 2016 Tax benefit at U.S. statutory rate $ (8,538 ) $ (10,365 ) $ (5,126 ) Foreign income and withholding taxes 4,247 5,578 4,317 Other permanent differences 3,807 974 — State income taxes, net of federal benefit (1,766 ) (2,858 ) (147 ) Change in valuation allowance 1,402 (8,158 ) 155 Stock-based compensation 847 1,085 2,231 Research and development credits (822 ) (382 ) (736 ) Provision to return adjustments 658 153 (484 ) Uncertain tax positions 224 1,995 1,146 Impact of change to U.S. statutory rate from Tax Cuts and Jobs Act — 14,302 — Recognition of tax windfalls related to stock-based compensation — (1,291 ) — Other 527 (26 ) 48 Provision for income taxes $ 586 $ 1,007 $ 1,404 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | December 31, 2018 2017 Net operating loss $ 27,192 $ 25,002 Research and development credits 9,308 8,757 Stock-based compensation 2,519 2,796 Accruals and reserves 513 1,656 Property and equipment and intangible assets (342 ) (710 ) Other 3,272 3,161 Net deferred tax assets 42,462 40,662 Valuation allowance (42,626 ) (41,224 ) Total non-current net deferred tax liabilities, net of valuation allowance $ (164 ) $ (562 ) |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | Ending balance as of December 31, 2015 $ 7,558 Decrease in balances related to tax positions taken during the current period (2 ) Increase in balances related to tax positions taken during the prior period 1,240 Ending balance as of December 31, 2016 8,796 Increase in balances related to tax positions taken during the current period 1,738 Decrease in balances related to tax positions taken during the prior period (9 ) Decrease in balances due to change in United States statutory rate (2,101 ) Ending balance as of December 31, 2017 8,424 Increase in balances related to tax positions taken during the current period 778 Decrease in balances related to tax positions taken during the prior period (812 ) Ending balance as of December 31, 2018 $ 8,390 |
Note 13 - Net Loss Per Share _2
Note 13 - Net Loss Per Share Available to Common Stockholders (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Years Ended December 31, 2018 2017 2016 Numerator: Net loss available to common stockholders $ (41,244 ) $ (31,491 ) $ (16,480 ) Denominator: Weighted average number of shares, basic and diluted 5,783 5,638 5,474 Net loss per share available to common stockholders: Basic and diluted net loss per common share available to common stockholders $ (7.13 ) $ (5.59 ) $ (3.01 ) |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | Years Ended December 31, 2018 2017 2016 Options to purchase common stock 436 436 536 RSUs 834 568 429 Common stock subject to repurchase — — 1 Total 1,270 1,004 966 |
Note 14 - Segment Reporting (Ta
Note 14 - Segment Reporting (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | December 31, 2018 2017 United States of America $ 11,483 $ 15,069 International 332 490 Total long-lived assets, net $ 11,815 $ 15,559 |
Note 15 - Commitments and Con_2
Note 15 - Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Year Ending Operating Lease Expense Operating Sublease Income December 31, 2019 $ 8,239 $ 2,249 December 31, 2020 3,691 1,768 December 31, 2021 3,427 1,105 December 31, 2022 2,194 616 December 31, 2023 362 — Thereafter 90 — Total $ 18,003 $ 5,738 |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||
Dec. 31, 2018USD ($)shares | Sep. 30, 2018USD ($) | Dec. 31, 2018USD ($)Rateshares | Dec. 31, 2017USD ($)shares | Dec. 31, 2016USD ($) | Jan. 01, 2018USD ($) | Oct. 05, 2017shares | Oct. 04, 2017shares | Dec. 31, 2015USD ($) | |
Net Income (Loss) Attributable to Parent, Total | $ (41,244) | $ (31,491) | $ (16,480) | ||||||
Retained Earnings (Accumulated Deficit), Ending Balance | $ (264,713) | (264,713) | (227,704) | $ 4,235 | |||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance | $ 11,503 | $ 11,503 | $ 28,837 | 35,713 | $ 37,326 | ||||
Common Stock, Shares Authorized | shares | 142,857 | 142,857 | 142,857 | 142,857 | 500,000 | ||||
Financing Receivable, Allowance for Credit Losses, Ending Balance | $ 353 | $ 353 | $ 799 | ||||||
Payments to Develop Software | 2,129 | 2,068 | 4,712 | ||||||
Amortization, Total | 3,774 | 3,669 | 2,988 | ||||||
Capitalized Computer Software, Net, Ending Balance | 6,972 | $ 6,972 | 8,617 | ||||||
Number of Reporting Units | 1 | ||||||||
Goodwill, Impairment Loss | 0 | $ 14,740 | $ 14,740 | 2,797 | |||||
Impairment of Long-Lived Assets Held-for-use | 0 | 0 | 0 | ||||||
Marketing and Advertising Expense, Total | 494 | 758 | 876 | ||||||
Foreign Currency Transaction Gain (Loss), before Tax, Total | 205 | (1,029) | (3) | ||||||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total | $ 0 | 0 | $ 0 | ||||||
Minimum [Member] | |||||||||
Finite-Lived Intangible Asset, Useful Life | 2 years | ||||||||
Minimum [Member] | Accounting Standards Update 2016-02 [Member] | |||||||||
Finance and Operating Leases, Right-of-Use Asset | 15,500 | $ 15,500 | |||||||
Finance and Operating Leases, Liability | 17,500 | $ 17,500 | |||||||
Maximum [Member] | |||||||||
Finite-Lived Intangible Asset, Useful Life | 6 years | ||||||||
Maximum [Member] | Accounting Standards Update 2016-02 [Member] | |||||||||
Finance and Operating Leases, Right-of-Use Asset | 16,500 | $ 16,500 | |||||||
Finance and Operating Leases, Liability | 18,500 | $ 18,500 | |||||||
Software and Software Development Costs [Member] | |||||||||
Property, Plant and Equipment, Useful Life | 3 years | ||||||||
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member] | |||||||||
Cash and Cash Equivalents, Fair Value Disclosure | $ 2,806 | $ 2,806 | $ 8,831 | ||||||
Accounts Receivable [Member] | One Long -Term Strategic Agreement Concentration Risk [Member] | |||||||||
Concentration Risk, Percentage | 30.00% | ||||||||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||||||
Number of Major Customers | 0 | ||||||||
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | |||||||||
Number of Major Customers | 0 | 0 | 0 | ||||||
Reverse Stock Split [Member] | |||||||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | Rate | 700.00% |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Changes in Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Balances | $ 4,028 | $ 3,510 | $ 2,188 |
Additions to expense | 48 | 1,507 | 2,328 |
Write-offs and other deductions | (1,425) | (989) | (1,006) |
Balances | $ 2,651 | $ 4,028 | $ 3,510 |
Note 3 - Revenues 1 (Details Te
Note 3 - Revenues 1 (Details Textual) - USD ($) | Jan. 01, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Retained Earnings (Accumulated Deficit), Ending Balance | $ 4,235,000 | $ (264,713,000) | $ (227,704,000) | |
Revenue from Contract with Customer, Including Assessed Tax | $ 58,631,000 | 74,991,000 | $ 99,878,000 | |
Individual Customer Advances Used or Refunded to Customer, Period | 180 days | |||
Contract with Customer, Liability, Change in Timeframe, Performance Obligation Satisfied, Revenue Recognized | 1,445,000 | |||
Contract with Customer, Asset, Net, Total | $ 558,000 | $ 432,000 | ||
Contract with Customer, Liability, Revenue Recognized | 213,000 | |||
Contract with Customer, Liability, Total | $ 934 | |||
Deferred Costs to Fulfill Contracts, Expected Period of Benefit | 3 years | |||
Accrued Expense and Other Current Liabilities [Member] | ||||
Contract with Customer, Liability, Total | $ 934,000 | |||
Google LLC [Member] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 2,933,000 | |||
Accounts Receivable, Net, Total | $ 3,867,000 |
Note 3 - Revenues 2 (Details Te
Note 3 - Revenues 2 (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Revenue from Contract with Customer, Including Assessed Tax | $ 58,631 | $ 74,991 | $ 99,878 |
Google LLC [Member] | |||
Revenue from Contract with Customer, Including Assessed Tax | 2,933 | ||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01 | Google LLC [Member] | |||
Revenue from Contract with Customer, Including Assessed Tax | 11,709 | ||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01 | Google LLC [Member] | |||
Revenue from Contract with Customer, Including Assessed Tax | $ 8,781 |
Note 3 - Revenues - Disaggregat
Note 3 - Revenues - Disaggregation of Revenues (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Total revenues, net | $ 58,631 | $ 74,991 | $ 99,878 | |
Subscription and Circulation [Member] | ||||
Total revenues, net | 54,532 | 73,453 | 97,486 | |
Strategic Agreements [Member] | ||||
Total revenues, net | 4,099 | 1,538 | 2,392 | |
UNITED STATES | ||||
Total revenues, net | 40,907 | 49,637 | 69,220 | |
UNITED KINGDOM | ||||
Total revenues, net | 7,664 | 9,556 | 11,083 | |
Other [Member] | ||||
Total revenues, net | [1] | $ 10,060 | $ 15,798 | $ 19,575 |
[1] | No individual country within the "Other" category accounted for 10% or more of revenues, net for any period presented. |
Note 3 - Revenues - Summary of
Note 3 - Revenues - Summary of Changes in Balances of Deferred Costs to Obtain and Fulfill Contracts (Details) - Accounting Standards Update 2014-09 [Member] $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Costs to Obtain Contracts [Member] | |
Balances, as adjusted for adoption of ASC 606 | $ 1,760 |
Costs deferred | 1,094 |
Amortization | (1,441) |
Balances, as adjusted for adoption of ASC 606 | 1,413 |
Costs to Fulfill Contracts [Member] | |
Balances, as adjusted for adoption of ASC 606 | 880 |
Costs deferred | 330 |
Amortization | (604) |
Balances, as adjusted for adoption of ASC 606 | $ 606 |
Note 3 - Revenues - Impact of N
Note 3 - Revenues - Impact of New Accounting Pronouncement on Consolidated Financial Statements (Details) - USD ($) | 3 Months Ended | 12 Months Ended | ||||
Dec. 31, 2018 | Sep. 30, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2018 | |
Assets | ||||||
Prepaid expenses and other current assets | $ 4,642,000 | $ 4,642,000 | $ 3,989,000 | |||
Other non-current assets | 2,045,000 | 2,045,000 | 1,504,000 | |||
Liabilities | ||||||
Accrued expenses and other current liabilities | 9,383,000 | 9,383,000 | 10,474,000 | |||
Stockholders' equity | ||||||
Accumulated deficit | (264,713,000) | (264,713,000) | (227,704,000) | $ 4,235,000 | ||
Revenues, net | 58,631,000 | 74,991,000 | $ 99,878,000 | |||
Cost of revenues | 27,154,000 | 32,520,000 | 35,203,000 | |||
Gross profit | 31,477,000 | 42,471,000 | 64,675,000 | |||
Operating expenses | ||||||
Sales and marketing | 23,425,000 | 26,936,000 | 32,889,000 | |||
Research and development | 22,450,000 | 26,564,000 | 27,841,000 | |||
General and administrative | 13,113,000 | 16,444,000 | 19,890,000 | |||
Impairment of goodwill | 0 | $ 14,740,000 | 14,740,000 | 2,797,000 | ||
Total operating expenses | 73,728,000 | 72,741,000 | 80,620,000 | |||
Loss from operations | (42,251,000) | (30,270,000) | (15,945,000) | |||
Other income, net | 1,593,000 | (214,000) | 869,000 | |||
Loss before provision for income taxes | (40,658,000) | (30,484,000) | (15,076,000) | |||
Provision for income taxes | (586,000) | (1,007,000) | (1,404,000) | |||
Net loss | $ (41,244,000) | $ (31,491,000) | $ (16,480,000) | |||
Net loss per share available to common stockholders, basic and diluted (in dollars per share) | $ (7.13) | $ (5.59) | $ (3.01) | |||
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | ||||||
Assets | ||||||
Prepaid expenses and other current assets | 3,482,000 | $ 3,482,000 | ||||
Other non-current assets | 1,186,000 | 1,186,000 | ||||
Liabilities | ||||||
Accrued expenses and other current liabilities | 12,125,000 | 12,125,000 | ||||
Stockholders' equity | ||||||
Accumulated deficit | (267,456,000) | (267,456,000) | ||||
Revenues, net | 59,352,000 | |||||
Cost of revenues | 26,880,000 | |||||
Gross profit | 32,472,000 | |||||
Operating expenses | ||||||
Sales and marketing | 23,078,000 | |||||
Research and development | 22,450,000 | |||||
General and administrative | 13,113,000 | |||||
Impairment of goodwill | 14,740,000 | |||||
Total operating expenses | 73,381,000 | |||||
Loss from operations | (40,909,000) | |||||
Other income, net | 1,593,000 | |||||
Loss before provision for income taxes | (39,316,000) | |||||
Provision for income taxes | (586,000) | |||||
Net loss | $ (39,902,000) | |||||
Net loss per share available to common stockholders, basic and diluted (in dollars per share) | $ (6.90) | |||||
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Accounting Standards Update 2014-09 [Member] | ||||||
Assets | ||||||
Prepaid expenses and other current assets | 1,160,000 | $ 1,160,000 | ||||
Other non-current assets | 859,000 | 859,000 | ||||
Liabilities | ||||||
Accrued expenses and other current liabilities | (2,742,000) | (2,742,000) | ||||
Stockholders' equity | ||||||
Accumulated deficit | $ 2,743,000 | 2,743,000 | ||||
Revenues, net | (721,000) | |||||
Cost of revenues | 274,000 | |||||
Gross profit | (995,000) | |||||
Operating expenses | ||||||
Sales and marketing | 347,000 | |||||
Research and development | ||||||
General and administrative | ||||||
Impairment of goodwill | ||||||
Total operating expenses | 347,000 | |||||
Loss from operations | (1,342,000) | |||||
Other income, net | ||||||
Loss before provision for income taxes | (1,342,000) | |||||
Provision for income taxes | ||||||
Net loss | $ (1,342,000) | |||||
Net loss per share available to common stockholders, basic and diluted (in dollars per share) | $ (0.23) |
Note 4 - Restructuring Activi_2
Note 4 - Restructuring Activities (Details Textual) - USD ($) $ in Thousands | Jan. 24, 2018 | Dec. 31, 2018 | Dec. 31, 2016 | Dec. 31, 2017 |
The 2018 Restructuring Plan [Member] | ||||
Restructuring and Related Cost, Number of Positions Eliminated, Period Percent | 13.00% | |||
Restructuring Costs, Total | $ 1,276 | |||
Restructuring and Related Cost, Cost Incurred to Date | 0 | |||
The 2016 Restructuring Plan [Member] | ||||
Restructuring Costs, Total | $ 596 | |||
Restructuring and Related Cost, Cost Incurred to Date | $ 0 | $ 0 |
Note 5 - Balance Sheet Compon_3
Note 5 - Balance Sheet Components (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Depreciation, Depletion and Amortization, Total | $ 6,432 | $ 8,427 | $ 9,023 |
Note 5 - Balance Sheet Compon_4
Note 5 - Balance Sheet Components - Components of Property and Equipment (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Property and equipment, gross | $ 60,217 | $ 60,071 |
Property and equipment, gross | 60,217 | 60,071 |
Less: Accumulated depreciation and amortization | (48,402) | (44,512) |
Property and equipment, net | 11,815 | 15,559 |
Computer Equipment [Member] | ||
Property and equipment, gross | 27,781 | 29,938 |
Property and equipment, gross | $ 27,781 | 29,938 |
Computer Equipment [Member] | Minimum [Member] | ||
Estimated useful life of property and equipment (Year) | 3 years | |
Computer Equipment [Member] | Maximum [Member] | ||
Estimated useful life of property and equipment (Year) | 4 years | |
Software, Including Internally Developed Software [Member] | ||
Estimated useful life of property and equipment (Year) | 3 years | |
Property and equipment, gross | $ 25,518 | 23,389 |
Property and equipment, gross | 25,518 | 23,389 |
Leasehold Improvements [Member] | ||
Property and equipment, gross | 4,778 | 4,617 |
Property and equipment, gross | 4,778 | 4,617 |
Office Equipment, Furniture and Fixtures [Member] | ||
Property and equipment, gross | 2,140 | 2,127 |
Property and equipment, gross | $ 2,140 | $ 2,127 |
Office Equipment, Furniture and Fixtures [Member] | Minimum [Member] | ||
Estimated useful life of property and equipment (Year) | 5 years | |
Office Equipment, Furniture and Fixtures [Member] | Maximum [Member] | ||
Estimated useful life of property and equipment (Year) | 5 years |
Note 5 - Balance Sheet Compon_5
Note 5 - Balance Sheet Components - Components of Accrued Expenses and Other Current Liabilities (Details) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Accrued salary and payroll-related expenses | $ 3,695,000 | $ 4,372,000 |
Deferred strategic agreement revenues (Note 3) | 934 | |
Income taxes payable | 883,000 | 142,000 |
Accrued liabilities | 866,000 | 2,161,000 |
Deferred rent | 538,000 | 475,000 |
Sales and use tax payable | 244,000 | 341,000 |
Other | 932,000 | 521,000 |
Accrued expenses and other current liabilities | 9,383,000 | 10,474,000 |
Advance Billings [Member] | ||
Advanced billings | 859,000 | 459,000 |
Customer Advance [Member] | ||
Advanced billings | $ 432,000 | $ 2,003,000 |
Note 6 - Goodwill and Intangi_3
Note 6 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||
Dec. 31, 2018 | Sep. 30, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Goodwill, Ending Balance | $ 1,943 | $ 1,943 | $ 16,768 | ||
Goodwill, Impairment Loss | $ 0 | $ 14,740 | 14,740 | 2,797 | |
Amortization of Intangible Assets, Total | $ 2,537 | $ 2,850 | $ 3,080 |
Note 6 - Goodwill and Intangi_4
Note 6 - Goodwill and Intangible Assets - Schedule of Goodwill (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||
Dec. 31, 2018 | Sep. 30, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Balance | $ 16,768 | ||||
Impairment | $ 0 | $ (14,740) | (14,740) | $ (2,797) | |
Foreign currency translation adjustments | (85) | ||||
Balance | $ 1,943 | $ 1,943 | $ 16,768 |
Note 6 - Goodwill and Intangi_5
Note 6 - Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Intangible assets, gross | $ 11,990 | $ 14,670 |
Less: accumulated amortization | (10,052) | (10,195) |
Total | $ 1,938 | 4,475 |
Minimum [Member] | ||
Intangible assets amortized useful lives (Year) | 2 years | |
Maximum [Member] | ||
Intangible assets amortized useful lives (Year) | 6 years | |
Developed Technology Rights [Member] | ||
Intangible assets, gross | $ 9,910 | 9,910 |
Developed Technology Rights [Member] | Minimum [Member] | ||
Intangible assets amortized useful lives (Year) | 5 years | |
Developed Technology Rights [Member] | Maximum [Member] | ||
Intangible assets amortized useful lives (Year) | 6 years | |
Customer Relationships [Member] | ||
Intangible assets amortized useful lives (Year) | 4 years | |
Intangible assets, gross | $ 2,080 | 3,370 |
Non-compete Agreements and Tradename [Member] | ||
Intangible assets amortized useful lives (Year) | 3 years | |
Intangible assets, gross | $ 1,390 |
Note 6 - Goodwill and Intangi_6
Note 6 - Goodwill and Intangible Assets - Schedule of Future Estimated Amortization Costs of Intangible Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Year ending December 31, 2019 | $ 1,843 | |
Year ending December 31, 2020 | 95 | |
Total | $ 1,938 | $ 4,475 |
Note 7 - Fair Value Measureme_3
Note 7 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) | $ 0 | $ 0 |
Note 7 - Fair Value Measureme_4
Note 7 - Fair Value Measurements - Account Balances Measured at Fair Value on Recurring Basis (Details) - Money Market Funds [Member] - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Fair Value, Inputs, Level 1 [Member] | ||
Money market funds | $ 2,806 | $ 8,831 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Money market funds | 2,806 | 8,831 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Money market funds | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Money market funds |
Note 8 - Capital Lease Obliga_3
Note 8 - Capital Lease Obligations (Details Textual) $ in Thousands | 1 Months Ended | |||
Sep. 30, 2016 | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Oct. 31, 2016 | |
Net Value of Property Plant and Equipment Obtained under Capital Lease Agreements | $ 2,003 | $ 2,861 | ||
Capital Lease Obligations, Total | $ 1,798 | $ 3,103 | ||
Capital Lease for Acquisition of Computer Equipment [Member] | ||||
Debt Instrument, Interest Rate, Effective Percentage | 5.20% | |||
Number of Installments of Repayment of Debt | 48 | |||
Number of Capital Lease Arrangements | 2 | |||
Minimum [Member] | Capital Lease for Acquisition of Computer Equipment [Member] | ||||
Debt Instrument, Interest Rate, Effective Percentage | 5.70% | |||
Number of Installments of Repayment of Debt | 36 | |||
Maximum [Member] | Capital Lease for Acquisition of Computer Equipment [Member] | ||||
Debt Instrument, Interest Rate, Effective Percentage | 7.90% | |||
Number of Installments of Repayment of Debt | 48 |
Note 8 - Capital Lease Obliga_4
Note 8 - Capital Lease Obligations - Maturities of Outstanding Debt (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
December 31, 2019 | $ 1,324 | |
December 31, 2020 | 552 | |
December 31, 2021 | 11 | |
Total | 1,887 | |
Present value of capital lease obligations | 1,798 | $ 3,103 |
Less: Current portion of capital lease obligations | (1,249) | (1,416) |
Non-current portion of capital lease obligations | $ 549 | $ 1,687 |
Note 9 - Common Stock (Details
Note 9 - Common Stock (Details Textual) - $ / shares shares in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Oct. 05, 2017 | Oct. 04, 2017 |
Common Stock, Shares Authorized | 142,857 | 142,857 | 142,857 | 500,000 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | ||
Preferred Stock, Shares Authorized | 10,000 | 10,000 | ||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Note 9 - Common Stock - Reserve
Note 9 - Common Stock - Reserved Shares of Common Stock (Details) - shares shares in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Options outstanding under stock option plans (in shares) | 436 | 436 | 536 | 851 |
Total (in shares) | 2,319 | 2,185 | ||
Stock Options Plans [Member] | ||||
Number of Shares Available for Grant (in shares) | 896 | 999 | ||
Options outstanding under stock option plans (in shares) | 436 | 436 | ||
Stock Options Plans [Member] | Restricted Stock Units (RSUs) [Member] | ||||
RSUs outstanding under stock option plans (in shares) | 834 | 568 | ||
Employee Stock Purchase Plan [Member] | ||||
Number of Shares Available for Grant (in shares) | 153 | 182 |
Note 10 - Equity Award Plans (D
Note 10 - Equity Award Plans (Details Textual) - USD ($) shares in Thousands, $ in Thousands | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Feb. 28, 2013 |
Common Stock, Capital Shares Reserved for Future Issuance | 2,319 | 2,185 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Exercise Period, Reason Other than Disability or Death | 3 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Exercise Period, Due to Disability or Death | 12 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $ 328 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value | $ 778 | $ 1,451 | $ 5,424 | ||
Stock Issued During Period, Shares, Employee Stock Purchase Plans | 86 | 43 | |||
The 2013 Employee Stock Purchase Plan [Member] | |||||
Common Stock, Capital Shares Reserved for Future Issuance | 143 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Outstanding Stock Maximum | 1.00% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 85.00% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 100 | ||||
Subsequent Event [Member] | The 2013 Employee Stock Purchase Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Period Increase (Decrease), Total | 59 | ||||
The2013 Equity Incentive Plan [Member] | |||||
Common Stock, Capital Shares Reserved for Future Issuance | 643 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Outstanding Stock Maximum | 5.00% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||||
The2013 Equity Incentive Plan [Member] | Subsequent Event [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Period Increase (Decrease), Total | 297 |
Note 10 - Equity Award Plans -
Note 10 - Equity Award Plans - Summary of Activity Under the 2006 Plan and 2013 Plan (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | |||||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Number of Shares, Options Outstanding, Balance (in shares) | 436 | 536 | 851 | |||||
Weighted Average Exercise Price Per Share, Options Outstanding, Balance (in dollars per share) | $ 29.01 | $ 37.60 | $ 43.83 | $ 53.06 | ||||
Weighted Average Remaining Contractual Term, Options Outstanding (Year) | 6 years 288 days | 7 years 14 days | 7 years 175 days | 7 years 310 days | ||||
Aggregate Intrinsic Value, Options Outstanding, Balance | $ 65 | $ 194 | $ 957 | |||||
Number of Shares, Options Granted (in shares) | 122 | 79 | 172 | |||||
Weighted Average Exercise Price Per Share, Options granted (in dollars per share) | $ 7.06 | $ 11.66 | $ 18.62 | |||||
Weighted Average Remaining Contractual Term, Options granted (Year) | 7 years 339 days | 9 years 127 days | 6 years 299 days | |||||
Number of Shares, Options Exercised (in shares) | (38) | |||||||
Weighted Average Exercise Price Per Share, Options exercised (in dollars per share) | $ 10.36 | |||||||
Number of Shares, Options Forfeited and Cancelled (in shares) | (122) | (179) | (449) | |||||
Weighted Average Exercise Price Per Share, Options forfeited and cancelled (in dollars per share) | $ 37.55 | $ 44.82 | $ 54.53 | |||||
Options outstanding under stock option plans (in shares) | 436 | 536 | 851 | 851 | 436 | 436 | 536 | 851 |
Number of Shares, Options Outstanding, Balance (in shares) | 436 | 436 | 536 | 851 | ||||
Number of Shares, Options Exercisable, Balance (in shares) | 289 | |||||||
Weighted Average Exercise Price Per Share, Options exercisable, Balance (in dollars per share) | $ 38.65 | |||||||
Weighted Average Remaining Contractual Term, Options exercisable (Year) | 5 years 277 days | |||||||
Number of Shares, Options Vested, Balance (in shares) | 289 | |||||||
Weighted Average Exercise Price Per Share, Options vested, Balance (in dollars per share) | $ 38.64 | |||||||
Weighted Average Remaining Contractual Term, Options vested (Year) | 5 years 277 days | |||||||
Options vested and expected to vest (in shares) | 423 | |||||||
Weighted Average Exercise Price Per Share, Options vested and expected to vest, Balance (in dollars per share) | $ 29.58 | |||||||
Weighted Average Remaining Contractual Term, Options vested and expected to vest (Year) | 6 years 266 days |
Note 10 - Equity Award Plans _2
Note 10 - Equity Award Plans - Summary of RSUs Granted and Unvested Under the 2013 Plan (Details) - $ / shares shares in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Granted and unvested, Number of shares (in shares) | 568 | 429 | 175 |
Granted and unvested, Weighted average grant date fair value (in dollars per share) | $ 14.22 | $ 21.48 | $ 65.52 |
RSUs granted, Number of shares (in shares) | 709 | 405 | 446 |
RSUs granted, Weighted average grant date fair value (in dollars per share) | $ 6.34 | $ 10.56 | $ 18.76 |
RSUs vested, Number of shares (in shares) | (123) | (78) | (30) |
RSUs vested, Weighted average grant date fair value (in dollars per share) | $ 14.87 | $ 21.29 | $ 50.33 |
RSUs cancelled, Number of shares (in shares) | (320) | (188) | (162) |
RSUs cancelled, Weighted average grant date fair value (in dollars per share) | $ 12.75 | $ 19.97 | $ 30.80 |
Granted and unvested, Number of shares (in shares) | 834 | 568 | 429 |
Granted and unvested, Weighted average grant date fair value (in dollars per share) | $ 7.99 | $ 14.22 | $ 21.48 |
Note 11 - Stock-based Compens_3
Note 11 - Stock-based Compensation Expense (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Share-based Compensation, Total | $ 3,971 | $ 4,704 | $ 10,295 | |
Proceeds from Stock Options Exercised | 0 | 0 | $ 390 | $ 390 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | $ 518 | $ 934 | ||
Employee Stock Option [Member] | ||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year 292 days | 1 year 219 days | ||
Restricted Stock Units (RSUs) [Member] | ||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years 182 days | 2 years 36 days | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 4,852 | $ 6,428 |
Note 11 - Stock-based Compens_4
Note 11 - Stock-based Compensation - Assumptions Used to Estimate Fair Value of Options (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Dividend yield | |||
Expected volatility | 55.90% | 47.30% | 47.50% |
Risk-free interest rate | 2.54% | 2.03% | 1.38% |
Expected life of options (Year) | 4 years | 6 years 91 days | 6 years 91 days |
Weighted-average grant-date fair value (in dollars per share) | $ 3.20 | $ 5.61 | $ 8.82 |
Weighted-average grant-date exercise price (in dollars per share) | $ 7.06 | $ 11.66 | $ 18.62 |
Note 12 - Income Taxes (Details
Note 12 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 34.00% | 34.00% |
Cumulative Change in Ownership, Percentage | 50.00% | ||
Cumulative Change in Ownership, Period | 3 years | ||
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ 1,402 | $ 8,158 | $ 469 |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 1,203 | 1,610 | |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total | 0 | 0 | $ 0 |
Tax Cuts and Jobs Act of 2017 Incomplete Accounting Change in Tax Rate Deferred Tax Asset Provisional Income Tax Benefit | 18,696 | ||
Tax Cuts and Jobs Act of 2017 Incomplete Accounting Change in Tax Rate Deferred Tax Liability Provisional Income Tax Benefit | 4,394 | ||
Tax Cuts and Jobs Act of 2017 Incomplete Accounting Change in Tax Rate Valuation Allowance Provisional Income Tax Benefit | $ 14,302 | ||
Federal Research and Development [Member] | |||
Tax Credit Carryforward, Amount | $ 6,328 | ||
Tax Credit Carryforward, Expiration Year | 2026 | ||
State Research and Development [Member] | |||
Tax Credit Carryforward, Amount | $ 7,084 | ||
Domestic Tax Authority [Member] | |||
Operating Loss Carryforwards, Total | $ 117,816 | ||
Operating Loss Carry Forwards, Expiration Year | 2026 | ||
State and Local Jurisdiction [Member] | |||
Operating Loss Carryforwards, Total | $ 98,993 | ||
Operating Loss Carry Forwards, Expiration Year | 2022 |
Note 12 - Income Taxes - Schedu
Note 12 - Income Taxes - Schedule of Components of Loss Before Provision for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
United States of America | $ (25,375) | $ (15,740) | $ (7,595) |
International | (15,283) | (14,744) | (7,481) |
Loss before provision for income taxes | $ (40,658) | $ (30,484) | $ (15,076) |
Note 12 - Income Taxes - Sche_2
Note 12 - Income Taxes - Schedule of Components of Provision of Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Federal, Current income tax provision | |||
State, Current income tax provision | 44 | 64 | 58 |
Foreign, Current income tax provision | 940 | 1,301 | 1,708 |
Total, Current income tax provision | 984 | 1,365 | 1,766 |
Federal, Deferred income tax benefit | |||
State, Deferred income tax benefit | |||
Foreign, Deferred income tax benefit | (398) | (358) | (362) |
Total, Deferred income tax benefit | (398) | (358) | (362) |
Provision for income taxes | $ 586 | $ 1,007 | $ 1,404 |
Note 12 - Income Taxes - Differ
Note 12 - Income Taxes - Differences in Total Provision for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Tax benefit at U.S. statutory rate | $ (8,538) | $ (10,365) | $ (5,126) |
Foreign income and withholding taxes | 4,247 | 5,578 | 4,317 |
Other permanent differences | 3,807 | 974 | |
State income taxes, net of federal benefit | (1,766) | (2,858) | (147) |
Change in valuation allowance | 1,402 | (8,158) | 155 |
Stock-based compensation | 847 | 1,085 | 2,231 |
Research and development credits | (822) | (382) | (736) |
Provision to return adjustments | 658 | 153 | (484) |
Uncertain tax positions | 224 | 1,995 | 1,146 |
Impact of change to U.S. statutory rate from Tax Cuts and Jobs Act | 14,302 | ||
Recognition of tax windfalls related to stock-based compensation | (1,291) | ||
Other | 527 | (26) | 48 |
Provision for income taxes | $ 586 | $ 1,007 | $ 1,404 |
Note 12 - Income Taxes - Sche_3
Note 12 - Income Taxes - Schedule of Components of Company's Deferred Tax Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Net operating loss | $ 27,192 | $ 25,002 |
Research and development credits | 9,308 | 8,757 |
Stock-based compensation | 2,519 | 2,796 |
Accruals and reserves | 513 | 1,656 |
Property and equipment and intangible assets | (342) | (710) |
Other | 3,272 | 3,161 |
Net deferred tax assets | 42,462 | 40,662 |
Valuation allowance | (42,626) | (41,224) |
Total non-current net deferred tax liabilities, net of valuation allowance | $ (164) | $ (562) |
Note 12 - Income Taxes - Change
Note 12 - Income Taxes - Changes in Uncertain Tax Positions (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Balance | $ 8,424 | $ 8,796 | $ 7,558 |
Decrease in balances related to tax positions taken during the current period | (9) | (2) | |
Increase in balances related to tax positions taken during the prior period | 1,240 | ||
Increase in balances related to tax positions taken during the current period | 778 | 1,738 | |
Decrease in balances due to change in United States statutory rate | (2,101) | ||
Decrease in balances related to tax positions taken during the prior period | (812) | ||
Balance | $ 8,390 | $ 8,424 | $ 8,796 |
Note 13 - Net Loss Per Share _3
Note 13 - Net Loss Per Share Available to Common Stockholders - Calculation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Net loss | $ (41,244) | $ (31,491) | $ (16,480) |
Weighted-average shares used to compute net loss per share available to common stockholders, basic and diluted (in shares) | 5,783 | 5,638 | 5,474 |
Net loss per share available to common stockholders: | |||
Net loss per share available to common stockholders, basic and diluted (in dollars per share) | $ (7.13) | $ (5.59) | $ (3.01) |
Note 13 - Net Loss Per Share _4
Note 13 - Net Loss Per Share Available to Common Stockholders - Potential Common Shares Outstanding (Details) - shares shares in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Potential common shares outstanding (in shares) | 1,270 | 1,004 | 966 |
Options to Purchase Common Stock [Member] | |||
Potential common shares outstanding (in shares) | 436 | 436 | 536 |
Restricted Stock Units (RSUs) [Member] | |||
Potential common shares outstanding (in shares) | 834 | 568 | 429 |
Common Stock Subject to Repurchase [Member] | |||
Potential common shares outstanding (in shares) | 1 |
Note 14 - Segment Reporting - R
Note 14 - Segment Reporting - Revenues by Geographic Area, Based on Billing Location of Customer and Long-Lived Assets, by Geographical Areas (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Long-lived assets, net | $ 11,815 | $ 15,559 |
UNITED STATES | ||
Long-lived assets, net | 11,483 | 15,069 |
International [Member] | ||
Long-lived assets, net | $ 332 | $ 490 |
Note 15 - Commitments and Con_3
Note 15 - Commitments and Contingencies (Details Textual) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | Aug. 31, 2018ft² | |
Operating Leases, Rent Expense, Net, Total | $ 8,420 | $ 8,519 | $ 8,760 | |
Operating Leases, Rent Expense, Sublease Rentals | 1,463 | 1,096 | 753 | |
Estimated Litigation Liability | $ 0 | $ 0 | $ 0 | |
Sublease Additional of San Francisco Office Space to Unrelated Third Party [Member] | ||||
Area of Real Estate Property | ft² | 14,380 |
Note 15 - Commitments and Con_4
Note 15 - Commitments and Contingencies - Annual Future Minimum Payments Under Operating Leases (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
December 31, 2019 | $ 8,239 |
December 31, 2019 | 2,249 |
December 31, 2020 | 3,691 |
December 31, 2020 | 1,768 |
December 31, 2021 | 3,427 |
December 31, 2021 | 1,105 |
December 31, 2022 | 2,194 |
December 31, 2022 | 616 |
December 31, 2023 | 362 |
December 31, 2023 | |
Thereafter | 90 |
Thereafter | |
Total | 18,003 |
Total | $ 5,738 |
Note 16 - Employee Benefit Pl_2
Note 16 - Employee Benefit Plans (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
UNITED STATES | |||
Defined Benefit Plan, Plan Assets, Contributions by Employer | $ 0 | $ 0 | $ 0 |
UNITED KINGDOM | |||
Defined Benefit Plan, Plan Assets, Contributions by Employer | $ 87 | $ 75 | $ 85 |