Spark Networks SE (LOVLY) 10-Q 10 May 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2022	May 02, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-38252
Entity Registrant Name	Spark Networks SE
Entity Incorporation, State or Country Code	2M
Entity Address, Address Line One	Kohlfurter Straße 41/43
Entity Address, City or Town	Berlin
Entity Address, Country	DE
Entity Address, Postal Zip Code	10999
Country Region	+49
City Area Code	30
Local Phone Number	868000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		2,619,586
Entity Central Index Key	0001705338
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
ADR
Document Information [Line Items]
Title of 12(b) Security	American Depository Shares each representing one-tenth of an ordinary share
Trading Symbol	LOV
Security Exchange Name	NASDAQ
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Ordinary shares, €1.00 nominal value per share*
Trading Symbol
Security Exchange Name

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 13,007	$ 16,141
Accounts receivable, net of allowance of $361 and $368, respectively	5,753	6,261
Prepaid expenses	4,395	3,201
Other current assets	886	1,085
Total current assets	24,041	26,688
Property and equipment, net of accumulated depreciation of $4,212 and $3,998, respectively	3,748	3,613
Goodwill	134,733	134,744
Intangible assets, net of accumulated amortization of $15,799 and $15,522, respectively	29,049	29,369
Deferred tax assets	7,471	7,623
Other assets	7,142	7,764
Total assets	206,184	209,801
Current liabilities:
Current portion of long-term debt	0	17,593
Accounts payable	2,098	11,474
Deferred revenue	35,299	36,973
Accrued expenses and other current liabilities	26,359	27,042
Total current liabilities	63,756	93,082
Long-term debt, net of current portion	94,282	64,531
Deferred tax liabilities	999	1,077
Other liabilities	18,192	18,418
Total liabilities	177,229	177,108
Contingencies (Note 6)
Shareholders' Equity:
Common stock, €1.00 nominal value; 3,521,005 shares authorized; 2,661,386 shares issued; 2,617,397 shares outstanding as of March 31, 2022 and December 31, 2021	3,064	3,064
Treasury stock, at €1.00 nominal value; 43,989 shares as of March 31, 2022 and December 31, 2021	(48)	(48)
Additional paid-in capital	223,605	223,103
Accumulated deficit	(205,752)	(200,403)
Accumulated other comprehensive income	8,086	6,977
Total shareholders' equity	28,955	32,693
Total liabilities and shareholders' equity	$ 206,184	$ 209,801

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) $ in Thousands	Mar. 31, 2022USD ($)shares	Mar. 31, 2022€ / shares	Dec. 31, 2021USD ($)shares	Dec. 31, 2021€ / shares
Assets
Accounts receivable, allowance | $	$ 361		$ 368
Property, plant and equipment, accumulated depreciation | $	(4,212)		(3,998)
Intangible assets, accumulated amortization | $	$ (15,799)		$ (15,522)
Shareholders' Equity:
Common stock, nominal value (in Euro per share) | € / shares		€ 1		€ 1
Common stock, shares authorized (in shares)	3,521,005		3,521,005
Common stock, issued (in shares)	2,661,386		2,661,386
Common stock, outstanding (in shares)	2,617,397		2,617,397
Treasury stock, shares (in shares)	43,989

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenue	$ 52,374	$ 56,379
Operating costs and expenses:
Cost of revenue, exclusive of depreciation and amortization	34,246	36,918
Other operating expenses	15,435	16,151
Depreciation and amortization	603	2,290
Total operating costs and expenses	50,284	55,359
Operating income	2,090	1,020
Other income (expense):
Interest expense	(6,882)	(3,440)
Loss on foreign currency transactions	(767)	(1,728)
Other income (expense)	263	(16)
Total other expense, net	(7,386)	(5,184)
Loss before income taxes	(5,296)	(4,164)
Income tax expense	(53)	(2,340)
Net loss	(5,349)	(6,504)
Other comprehensive income (loss):
Foreign currency translation adjustment	1,109	2,354
Comprehensive loss	$ (4,240)	$ (4,150)
Loss per share:
Basic earnings (loss) per share (in USD per share)	$ (2.04)	$ (2.50)
Diluted earnings (loss) per share (in USD per share)	$ (2.04)	$ (2.50)
Weighted average shares outstanding:
Basic (in shares)	2,617,397	2,605,689
Diluted (in shares)	2,617,397	2,605,689

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income
Beginning of period (in shares) at Dec. 31, 2020		2,661,386	(55,697)
Beginning of period at Dec. 31, 2020	$ 94,903	$ 3,064	$ (61)	$ 220,852	$ (132,248)	$ 3,296
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	1,036			1,036
Net loss	(6,504)				(6,504)
Foreign currency translation adjustment	2,354					2,354
End of period (in shares) at Mar. 31, 2021		2,661,386	(55,697)
End of period at Mar. 31, 2021	$ 91,789	$ 3,064	$ (61)	221,888	(138,752)	5,650
Beginning of period (in shares) at Dec. 31, 2021	2,617,397	2,661,386	(43,989)
Beginning of period at Dec. 31, 2021	$ 32,693	$ 3,064	$ (48)	223,103	(200,403)	6,977
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	502			502
Net loss	(5,349)				(5,349)
Foreign currency translation adjustment	$ 1,109					1,109
End of period (in shares) at Mar. 31, 2022	2,617,397	2,661,386	(43,989)
End of period at Mar. 31, 2022	$ 28,955	$ 3,064	$ (48)	$ 223,605	$ (205,752)	$ 8,086

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net cash provided by operating activities
Net loss	$ (5,349)	$ (6,504)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and amortization	603	2,290
Loss on tangible and intangible assets	15	0
Unrealized loss on foreign currency transactions	1,078	340
Stock-based compensation expense	502	1,036
Amortization of debt issuance costs and accretion of debt discounts	805	916
Loss on extinguishment of debt	3,964	0
Deferred tax expense	(79)	2,340
Provision for credit losses	142	95
Non-cash lease expense	546	470
Change in operating assets and liabilities:
Accounts receivable	261	(3,328)
Prepaid expenses and other current assets	(1,053)	(2,095)
Other assets	(31)	(33)
Accounts payable, accrued expenses, and other current liabilities	(9,937)	1,533
Other liabilities	(599)	(93)
Deferred revenue	(1,343)	2,646
Net cash used in operating activities	(10,475)	(387)
Net cash provided by investing activities
Capital expenditures	(490)	(423)
Net cash used in investing activities	(490)	(423)
Net cash provided by financing activities
Proceeds from debt, net of discount and issuance costs	97,750	0
Repayment of debt	(85,552)	(3,163)
Debt issuance costs paid to third parties	(3,531)	0
Payment of early extinguishment of debt charge	(893)	0
Payments directly related to debt	0	(523)
Net cash provided by (used in) financing activities	7,774	(3,686)
Net change in cash and cash equivalents and restricted cash	(3,191)	(4,496)
Effects of exchange rate fluctuations on cash and cash equivalents and restricted cash	55	781
Net decrease in cash and cash equivalents and restricted cash	(3,136)	(3,715)
Cash and cash equivalents and restricted cash at beginning of period	16,279	21,117
Cash and cash equivalents and restricted cash at end of period	13,143	17,402
Supplemental disclosure of cash flow information:
Cash paid for interest including payment of early extinguishment of debt charges of $893 and $0, respectively	2,953	2,497
Cash paid for income taxes	29	0
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
Cash and cash equivalents	13,007
Restricted cash included in other current assets	136
Total cash and cash equivalents and restricted cash as shown on the condensed consolidated statements of cash flows	$ 13,143	$ 17,402

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Cash Flows [Abstract]
Loss on extinguishment of debt	$ 893	$ 0

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies Description of Business Spark Networks SE (the "Company") is a leader in social dating platforms for meaningful relationships focusing on the 40+ age demographic and faith-based affiliations, including Zoosk, EliteSingles, SilverSingles, Christian Mingle, Jdate, and JSwipe, among others. The Company's brands are tailored to quality dating with real users looking for love and companionship in a safe and comfortable environment. The Company is domiciled in Germany with significant corporate operations, including executive leadership, accounting and finance, located in the United States. Basis of Presentation and Consolidation The Company prepares its consolidated financial statements in accordance with generally accepted accounting principles in the United States ("U.S. GAAP") and applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC"), regarding interim financial reporting. The condensed consolidated financial statements include the accounts of the Company and all of its wholly-owned subsidiaries. Intercompany transactions and balances have been eliminated in consolidation. In management's opinion, the unaudited condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and reflect, in management’s opinion, all adjustments, consisting of normal and recurring adjustments, necessary for the fair presentation of the Company's balance sheets, statement of operations and comprehensive loss, statement of shareholders' equity and statement of cash flows for the periods presented. Interim results are not necessarily indicative of the results that may be expected for the Company's entire fiscal year. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC for the year ended December 31, 2021. Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosure of contingent assets and liabilities. Significant estimates and assumptions are required in the determination of: revenue reserves, deferred tax asset valuation allowances, unrecognized tax benefits, classification and measurement of virtual stock option plans, and annual impairment testing of goodwill and indefinite-lived intangible assets. The Company evaluates its estimates and judgements on an ongoing basis based on historical experience, expectations of future events and various other factors that it believes to be reasonable under the circumstances and revises them when necessary. Actual results may differ from the original or revised estimates. Liquidity and Capital Resources The Company's financial statements are prepared in accordance with U.S. GAAP, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. As of the date of the financial statements, the Company has generated losses from operations, incurred historical impairment charges to its Zoosk goodwill and intangible assets and has a working capital deficiency. These factors are potential indications of the Company's inability to continue as a going concern. In accordance with Accounting Standards Codification (“ASC”) 205-40, Going Concern, the Company evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about its ability to continue as a going concern within one year after the date that these consolidated financial statements are issued. The Company's plans to alleviate these indicators include growing its subscriber base by improving its marketing techniques and implementing new features to increase customer engagement on its various platforms. Further, on March 11, 2022, the Company completed the successful refinancing of its existing term and revolving facility, which provides more covenant flexibility and allows more resources to be invested into the business to drive growth. Refer to Note 5. Long-term Debt for additional information. The Company's plans, along with its current cash and cash equivalents, is expected to be sufficient to meet its anticipated cash requirements for financial liabilities, capital expenditures and contractual obligations, for at least the next 12 months from the issuance of these financial statements. COVID-19 Update During 2020, the novel coronavirus ("COVID-19") outbreak spread worldwide and was declared a global pandemic in March 2020. Despite challenging economic conditions on consumers, we maintained stable churn levels during the period and experienced positive user engagement. The global outbreak of COVID-19 continues to rapidly evolve. Management is actively monitoring the global situation and potential impact on the Company's business. The effects of COVID-19 did not have a material impact on the Company's result of operations or financial condition for the period ended March 31, 2022. However, given the evolution of the COVID-19 situation, and the global responses to curb its spread, the Company is not able to estimate the effects COVID-19 may have on its future results of operations or financial condition. Recently Adopted Accounting Pronouncements There were no new accounting pronouncements issued by the Financial Accounting Standards Board during the three months ended March 31, 2022 and through the date of filing of this report that had or are expected to have a material impact on the Company’s financial position, results of operations or cash flows.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue For the three months ended March 31, 2022 and 2021, revenue was as follows: Three Months Ended March 31, (in thousands) 2022 2021 Subscription revenue $ 50,009 $ 54,546 Virtual currency revenue 1,525 1,096 Advertising revenue 840 737 Total Revenue $ 52,374 $ 56,379 Revenue disaggregated by geography, based on where the revenue is generated, consists of the following: Three Months Ended March 31, (in thousands) 2022 2021 United States $ 34,569 $ 36,550 France 3,229 5,374 Germany 308 333 Rest of world 14,268 14,122 Total Revenue $ 52,374 $ 56,379

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three months ended March 31, 2022 and 2021, the Company recorded income tax expense of $0.1 million and $2.3 million, respectively, which reflects an effective tax rate of (1.0)% and 112.5%, respectively. The decrease in the income tax expense for the three months ended March 31, 2022 was primarily driven by the Company benefiting from year to date losses in the U.S. jurisdiction. The Company had a valuation allowance against certain U.S., Israel, and German deferred tax assets as of both March 31, 2022 and December 31, 2021. The Company evaluates on a quarterly basis whether the deferred tax assets are realizable which requires significant judgement. The Company considers all available positive and negative evidence, including historical operating performance and expectations of future operating performance. As of March 31, 2022 and December 31, 2021, the Company has $4.8 million and $4.7 million of unrecognized tax benefits, respectively. Of the $4.8 million of unrecognized tax benefits as of March 31, 2022, $1.4 million would impact the effective tax rate if recognized, and $2.9 million would result would result in an increase in the valuation allowance. As of March 31, 2022 and December 31, 2021, the Company has recorded $0.7 million of interest and penalties for both periods related to unrecognized tax benefits. The Company’s policy is to classify interest and penalties as a component of income tax expense. As a matter of course, the Company may be audited by Germany, U.S. Federal and state, Israel, France, the U.K. and other foreign tax authorities within which it operates. From time to time, these audits result in proposed assessments. The Company was notified during 2020 that the Israeli tax authorities were auditing Spark Networks Ltd. for the tax years 2016-2019. There is minimal activity in the entity and, while we do not expect adverse findings, any potential finding would result in a reduction of the net operating loss carryforward which has a full valuation allowance against it. The Company received correspondence from the German tax authorities auditing Spark SE for the tax years 2017-2018, as well as Spark GmbH for the tax years 2016-2018 after March 31, 2022. While the company is in the process of assessing the correspondence, there does not appear to be any material changes or adjustments. Based on the current status of Germany, U.S. Federal, state, local and other foreign audits, the Company does not expect the amount of unrecognized tax benefits to significantly decrease in the next 12 months as a result of settlements of tax audits and/or the expiration of statutes of limitations.

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	3 Months Ended
	Mar. 31, 2022
Payables and Accruals [Abstract]
Accrued Expenses and Other Liabilities	Accrued Expenses and Other Liabilities Accrued expenses and other current liabilities consist of the following as of March 31, 2022 and December 31, 2021: (in thousands) March 31, 2022 December 31, 2021 Accrued advertising $ 7,824 $ 6,483 Accrued employee compensation and benefits 1,619 1,487 Accrued professional fees 1,001 835 Accrued service providers 2,018 1,806 Accrued value-added, sales, and other non-income-based taxes 7,629 8,837 Current portion of income tax payable 3,673 3,733 Current portion of lease liabilities 2,344 2,325 Other 251 1,536 Accrued expenses and other current liabilities $ 26,359 $ 27,042 Other liabilities consist of the following as of March 31, 2022 and December 31, 2021: (in thousands) March 31, 2022 December 31, 2021 Deferred payment to Zoosk's shareholders $ 11,833 $ 11,545 Lease liabilities, less current portion 3,272 3,887 Sublease security deposit 1,038 1,038 Other 2,049 1,948 Other liabilities $ 18,192 $ 18,418

Long-term Debt

Long-term Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt MGG Term Loan Agreement On March 11, 2022, the Company entered into a Financing Agreement with Zoosk, Inc. and Spark Networks, Inc., the subsidiary guarantor party thereto, the lender party thereto, and MGG Investment Group LP ("MGG"), as administrative agent and collateral agent (the "Term Loan"). The agreement provides for senior secured term loans of $100.0 million. Substantially all of the Company's assets are pledged as collateral. Borrowings under the Term Loan bear interest at a rate equal to LIBOR plus an applicable margin of 7.5% per annum. The proceeds were used to repay in full all amounts outstanding under the Loan Facilities with Blue Torch Finance LLC. The outstanding principal amounts will be repayable in quarterly payments of $1.25 million commencing with the quarter ending June 30, 2023 through March 31, 2025, and $2.50 million commencing with the quarter ending June 30, 2025 and thereafter. The Term Loan was issued at a discount of 2.0% of the aggregate principal amount of the $100.0 million. Transaction costs and overhead fees of $3.5 million and $0.3 million, respectively, were paid at closing. Through the effective interest rate method, the discount and overhead fees on the Term Loan are amortized to interest expense in the Consolidated Statements of Operations and Comprehensive Loss through the maturity on March 11, 2027 ("Maturity Date"). The effective interest on the loan was 10.1%. In addition, pursuant to the terms of the Term Loan, within 5 days after the annual financial statements are required to be delivered to the lender, commencing with the delivery of the fiscal year 2022 audited financial statements, the Company is required to make a prepayment of the loan principal in an amount equal to a percentage of the excess cashflow of the most recently completed fiscal year. The Loan Agreement requires the following financial covenants to be maintained: (i) quarterly leverage ratio no greater than 4.50 to 1.00 for the quarter ending June 30, 2022, 4.25 to 1.00 through June 30, 2023, 3.75 to 1.00 through June 30, 2024, 3.25 to 1.00 through June 30, 2025, 2.75 to 1.00 through June 30, 2026 and 2.25 to 1.00 through the maturity date of the loan; (ii) marketing efficiency ratio to be less than 1.36 to 1.00 for the quarter ending June 30, 2022 through the maturity date of the loan; and (iii) minimum liquidity of $5.0 million at any time. In addition, the Term Loan contains a number of covenants that, among other things, restrict, subject to certain exceptions, the Company and its subsidiaries' ability to: incur additional indebtedness, create liens, engage in mergers or consolidations, sell or transfer assets, pay dividends and distributions, make share repurchases, make certain acquisitions, engage in certain transactions with affiliates and change lines of business. As of March 31, 2022 , the aggregated outstanding principal balance and amortized cost basis of the Term Loan was $100.0 million and $94.3 million, respectively. Blue Torch Term Loan Facility On July 1, 2019, in connection with the acquisition of Zoosk, the Company entered into a Loan Agreement with Zoosk, Spark Networks, Inc., the subsidiary guarantors party thereto, the lenders party thereto, and Blue Torch Finance LLC ("Administrative Agent"), as administrative agent and collateral agent (the "Senior Secured Facilities Agreement") that provides for a four-year $125.0 million Senior Secured Facility, maturing July 1, 2023 (the "Maturity Date"). The Senior Secured Facilities Agreement provides for a term loan facility in an aggregate amount equal to $120.0 million (the "Term Loan Facility") and a revolving credit facility in an aggregate amount equal to $5.0 million (the "Revolving Credit Facility" and, together with the Term Loan Facility, the "Facilities"). Borrowings under the Facilities bear interest at a rate equal to either LIBOR plus an applicable margin of 8.0% per annum. On December 2, 2020, the Company entered into the Second Amendment to Loan Agreement (the "Second Amendment" and together with the Term Loan Facility, the "Amended Term Loan Facility"), which established an additional $6.0 million of term loan commitment to its existing Term Loan Facility. The additional borrowing was applied to pay the quarterly Term Loan Facility principal and interest payments on December 31, 2020 and March 31, 2021. The Second Amendment was accounted for as a modification of debt, and as such, the third-party costs incurred in connection with the Second Amendment of approximately $1.3 million were expensed as incurred. The debt issuance costs of $1.3 million that were paid directly to the lender at the closing date were capitalized and will be amortized using the effective interest method over the term of the loan. The effective interest rate on the modified loan is 11.3%. The Second Amendment required repayment of the principal amount of $0.15 million quarterly, beginning on March 31, 2021, in addition to the $3.0 million quarterly principal repayment of the original Term Loan Facility and the modified interest. On March 5, 2021, the Company entered into a Limited Waiver under Loan Agreement (the "Limited Waiver") with the Administrative Agent and the lenders pursuant to which certain defaults under the Senior Secured Facilities Agreement were waived. In consideration of the Limited Waiver, the Company agreed to pay the Administrative Agent, for the ratable benefit of the lenders, a fee of $0.5 million upon the execution of the Limited Waiver, plus $0.3 million paid in kind by capitalizing such amount into the principal balance under the Senior Secured Facilities Agreement. The aggregated fees were capitalized and was amortized using the effective interest rate of 11.8%. On March 11, 2022, the Company entered into the Term Loan Agreement with MGG as described above and the facility was terminated. The aggregated outstanding principal balance of the existing Term Loan Facility and the Second Amendment was $85.6 million, and the amortized cost basis was $82.1 million as of December 31, 2021. The Company recognized a loss on extinguishment of debt of $3.9 million in the first quarter of Fiscal 2022, which is comprised of $3.0 million of unamortized debt issuance cost offset by the debt discount with the Blue Torch term loan facility, and a prepayment penalty of $0.9 million. The loss on extinguishment of debt is included as a component of Interest expense in the Consolidated Statements of Operations and Comprehensive Loss for the three months ended March 31, 2022. Blue Torch Revolving Credit Facility The $5.0 million Revolving Credit Facility has a commitment fee of 0.75% per annum on the unutilized commitments thereunder payable on the Maturity Date. As the Revolving Credit Facility is not expected to be drawn down, transaction costs and upfront fees totaling $0.3 million related to the Revolving Credit Facility were deferred and are being amortized over the term of the agreement. On March 11, 2022, the Company entered in to the Term Loan Agreement as described above and the facility was terminated, and there were no outstanding borrowings under the Revolving Credit Facility as of December 31, 2021. The Company recognized a loss on extinguishment of debt of $0.1 million in the first quarter of Fiscal 2022 for unamortized transaction costs and upfront fees related to the Revolving Credit Facility, which is included as a component of Interest expense in the Consolidated Statements of Operations and Comprehensive Loss for the three months ended March 31, 2022. The Facilities contain a number of covenants that, among other things, restrict, subject to certain exceptions, the Company's ability and the ability of its subsidiaries to: incur additional indebtedness, create liens, engage in mergers or consolidations, sell or transfer assets, pay dividends and distributions and make share repurchases, make certain acquisitions, engage in certain transactions with affiliates, and change lines of business. The Company was in compliance with all applicable financial covenants as of March 31, 2022 .

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies The Company is involved in lawsuits, claims and proceedings incident to the ordinary course of business and establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Management has also identified certain other legal matters where the Company believes an unfavorable outcome is not probable and, therefore, no reserve is established. Any claims against the Company, whether meritorious or not, could result in costly litigation, require significant amounts of management's time and result in the diversion of significant operational resources. The results of these lawsuits, claims and proceedings cannot be predicted with certainty. However, the Company believes that the ultimate resolution of these current matters will not have a material adverse effect on its liquidity, results of operations or financial condition. Cybersecurity Matters On July 22, 2020, a putative class action was filed against the Company and Zoosk in the U.S. District Court for the Northern District of California by individuals claiming to be Zoosk users whose information was affected by the 2020 security incident disclosed by Zoosk. The complaint, as subsequently amended, asserts that by reason of the Zoosk security incident Spark and Zoosk violated the California Consumer Privacy Act ("CCPA"), the California Unfair Competition Law ("UCL"), and common-law obligations. Based on these assertions, the complaint seeks statutory damages, compensatory damages, punitive damages, attorneys' fees, and injunctive relief. On December 14, 2020, plaintiffs voluntarily withdrew their claim under the CCPA. On January 30, 2021, the district court granted in part, and denied in part, Zoosk's motion to dismiss the remainder of the complaint for failure to state a claim by dismissing the UCL claim, but allowing the common-law claim to go forward. The court held in abeyance the Company's motion to dismiss itself on jurisdictional grounds and for failure to state a claim. The court granted plaintiffs limited jurisdictional discovery as to the Company. Zoosk answered the portion of the complaint that asserts the one remaining common-law claim by denying its material allegations and asserting a number of affirmative defenses. The court stayed the case pending resolution of the jurisdictional discovery. On May 6, 2021, plaintiffs voluntarily dismissed the Company from the case and the stay was lifted. On July 28, 2021, plaintiffs filed a second amended complaint re-alleging the UCL claim on behalf of a subclass. The court granted Zoosk’s motion to dismiss that amended claim on October 5, 2021. On October 28, 2021, plaintiffs sought leave to file a third amended complaint that re-alleges a UCL claim. Following briefing and oral argument, the court granted plaintiffs’ motion for leave to file an amended complaint as to one theory of UCL liability and ordered plaintiffs either file the third amended complaint or seek leave to file a fourth amended complaint by February 17, 2022. Plaintiffs filed a third amended complaint, then sought leave to file a fourth amended complaint to substitute one of the two named plaintiffs. On March 31 2022, the court granted Zoosk’s motion to dismiss with prejudice one named plaintiff for failure to prosecute. The court also granted Plaintiffs’ motion to substitute the dismissed plaintiff with a new plaintiff but ordered Plaintiffs to reimburse Zoosk for reasonable costs and attorney fees incurred in connection with the dismissed named plaintiff. Fact discovery concluded on April 29, 2022 except as to discovery from the new named plaintiff, and the parties are engaged in expert discovery. The parties have submitted a proposed order to the court setting the deadline for plaintiffs’ motion for class certification on May 20, 2022 and trial in late 2022. Separately, a group of lawyers that is different from those who filed the putative class action described above filed 77 separate arbitration demands against Zoosk in the Judicial Arbitration and Mediation Services, Inc. ("JAMS") arbitration forum. Zoosk has objected that neither JAMS nor any arbitrator appointed by JAMS has authority to arbitrate any of these claims or to rule on the issue of arbitrability. JAMS decided to commence arbitration proceedings in regard to one of the arbitration claims filed to date, but that claim was withdrawn in November 2021 as it was established that the claimant was not affected by the incident. On May 5, 2021, the same group of attorneys that filed the arbitration demands, described above, filed a petition to compel arbitration in the U.S. District Court for the Northern District of California on behalf of three other individuals claiming to be Zoosk users affected by the 2020 security incident. The attorneys then voluntarily dismissed the petition in its entirety on July 15, 2021. JAMS has initiated three further arbitration claims previously filed and intends to proceed with those arbitrations if requisite fees are paid. Zoosk has refused to pay the respondents’ share of the initiation fee for those arbitrations. On December 8, 2021, the same attorneys then filed a petition to compel arbitration in Orange County Superior Court in California on behalf of those three individuals. In response, Zoosk filed a motion to dismiss the California petition based on the forum selection clause in the Zoosk Terms of Use that selects New York as the venue for any dispute. Zoosk's motion to dismiss was granted in April 2022. Zoosk has also filed a petition to stay arbitration in New York on the basis that the claimants breached the TOU when they filed their arbitration demands and Zoosk is therefore under no obligation to arbitrate. Intellectual Property Trademarks are an important element in running online dating websites and mobile applications. Given the large number of markets and brands, the Company deals with claims against its trademarks from time to time in the ordinary course of business. The Company vigorously defends against each of the above legal proceedings. The Company may encounter future legal claims in the normal course of business. At this time, management does not believe the above matters, either individually or in the aggregate, will have a material adverse effect on the Company's results of operations or financial condition and believes the recorded legal provisions as of March 31, 2022 are adequate with respect to the probable and estimable liabilities. However, no assurance can be given that these matters will be resolved in the Company's favor.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	Financial Instruments and Fair Value Measurements The Company records long-term debt at carrying value less unamortized discount and unamortized fees as it is not required to be carried at fair value on a recurring basis. The fair value of long-term debt was determined using observable inputs (Level 2). The valuation considers the present value of expected future repayments, discounted using a market interest rate equal to the interest margin on the borrowings and variable interest rate. The following table presents the carrying values and the estimated fair values of long-term debt as of March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 (in thousands) Carrying Value Fair Value Carrying Value Fair Value Long-term debt, including current portion (1) $ 94,282 $ 100,161 $ 82,124 $ 96,089 (1) At March 31, 2022 and December 31, 2021, the carrying value of long-term debt is net of unamortized original issue discount and debt issuance costs of $5.7 million and $3.4 million, respectively. The Company's financial instruments, including cash and cash equivalents, deposits, accounts receivable, and accounts payable are carried at cost, which approximates their fair value due to the short-term nature of these instruments. The Company does not have financial instruments that are measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021.

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Stock-based Compensation	Stock-based CompensationStock-based compensation expense reflects share awards issued under the Company's 2018 virtual stock option plan and the Long Term Incentive Plan adopted in 2020 (the "LTIP"). For the three months ended March 31, 2022 and 2021, the Company recognized total stock-based compensation expense for all the plans of $0.5 million and $1.0 million, respectively, which is included as a component of Other operating expenses in the Consolidated Statements of Operations and Comprehensive Loss. 2020 Long Term Incentive Plan In connection with the adoption of the LTIP, the Administrative Board authorized for 2020 the issuance of virtual options for up to three million ADSs, including up to one million zero-priced options. In 2021, the Administrative Board authorized the issuance of an additional 500,000 ADSs, which can be used for the issuance of both options and zero-priced options. The additional authorized ADSs were used in connection with the options granted in the first quarter of 2022. As of March 31, 2022, 215,833 virtual options, and 208,867 zero-priced options were available for future grant under the LTIP. The fair value of the virtual stock options and zero-priced options are measured using a Bl ack-Scholes option-pricing model for the three months ended March 31, 2022. The inputs used in the measurement of the fair values at the date of grant are summarized below: Virtual Stock Options Zero-Priced Options Long Call Short Call Long Call Short Call Option Option (Cap) Option Option (Cap) Stock price $2.70 $2.70 $2.70 $2.70 Strike price $2.93 $29.30 $— $50.00 Term 4.65 4.65 4.65 4.65 Volatility 65.0% 65.0% 65.0% 65.0% Dividend —% —% —% —% Risk-free rate 2.4% 2.4% 2.4% 2.4% The following table summarizes the activity for the Company's options under the LTIP during the three months ended March 31, 2022 : Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in years) Outstanding as of December 31, 2021 1,802,228 $4.71 5.62 $0.01 Granted 530,000 2.93 Forfeited (48,061) 5.24 Outstanding as of March 31, 2022 2,284,167 4.29 5.76 0.01 Vested and exercisable at March 31, 2022 684,513 $4.81 4.95 $0.01 Number of Options Weighted Average Grant Date Fair Value Unvested as of December 31, 2021 1,190,967 $2.53 Granted 530,000 1.20 Vested (73,252) 3.03 Forfeited (48,061) 2.56 Unvested as of March 31, 2022 1,599,654 $2.06 The following table summarizes the activity for the Company's zero priced options under the LTIP during the three months ended March 31, 2022: Number of Options Outstanding as of December 31, 2021 584,068 Granted 220,000 Forfeited (12,935) Outstanding as of March 31, 2022 791,133 Vested and exercisable at March 31, 2022 104,233 Number of Options Weighted Average Grant Date Fair Value Unvested as of December 31, 2021 514,370 $5.29 Granted 220,000 2.59 Vested (34,535) 6.21 Forfeited (12,935) 5.35 Unvested as of March 31, 2022 686,900 $4.38 The total unrecognized compensation expense related to awards granted under the LTIP at March 31, 2022 was $3.2 million, which will be recognized over a weighted-average period of 3.00 years. As of March 31, 2022 and 2021, diluted loss per share excludes 1,096,902 and 806,280 potentially dilutive common shares, respectively, related to vested option awards, as their effect was anti-dilutive.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The Company prepares its consolidated financial statements in accordance with generally accepted accounting principles in the United States ("U.S. GAAP") and applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC"), regarding interim financial reporting. The condensed consolidated financial statements include the accounts of the Company and all of its wholly-owned subsidiaries. Intercompany transactions and balances have been eliminated in consolidation. In management's opinion, the unaudited condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and reflect, in management’s opinion, all adjustments, consisting of normal and recurring adjustments, necessary for the fair presentation of the Company's balance sheets, statement of operations and comprehensive loss, statement of shareholders' equity and statement of cash flows for the periods presented. Interim results are not necessarily indicative of the results that may be expected for the Company's entire fiscal year. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC for the year ended December 31, 2021.
Use of Estimates	Use of EstimatesThe preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosure of contingent assets and liabilities. Significant estimates and assumptions are required in the determination of: revenue reserves, deferred tax asset valuation allowances, unrecognized tax benefits, classification and measurement of virtual stock option plans, and annual impairment testing of goodwill and indefinite-lived intangible assets. The Company evaluates its estimates and judgements on an ongoing basis based on historical experience, expectations of future events and various other factors that it believes to be reasonable under the circumstances and revises them when necessary. Actual results may differ from the original or revised estimates.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements There were no new accounting pronouncements issued by the Financial Accounting Standards Board during the three months ended March 31, 2022 and through the date of filing of this report that had or are expected to have a material impact on the Company’s financial position, results of operations or cash flows.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	For the three months ended March 31, 2022 and 2021, revenue was as follows: Three Months Ended March 31, (in thousands) 2022 2021 Subscription revenue $ 50,009 $ 54,546 Virtual currency revenue 1,525 1,096 Advertising revenue 840 737 Total Revenue $ 52,374 $ 56,379
Revenue from External Customers by Geographic Areas	Revenue disaggregated by geography, based on where the revenue is generated, consists of the following: Three Months Ended March 31, (in thousands) 2022 2021 United States $ 34,569 $ 36,550 France 3,229 5,374 Germany 308 333 Rest of world 14,268 14,122 Total Revenue $ 52,374 $ 56,379

Accrued Expenses and Other Li_2

Accrued Expenses and Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2022
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consist of the following as of March 31, 2022 and December 31, 2021: (in thousands) March 31, 2022 December 31, 2021 Accrued advertising $ 7,824 $ 6,483 Accrued employee compensation and benefits 1,619 1,487 Accrued professional fees 1,001 835 Accrued service providers 2,018 1,806 Accrued value-added, sales, and other non-income-based taxes 7,629 8,837 Current portion of income tax payable 3,673 3,733 Current portion of lease liabilities 2,344 2,325 Other 251 1,536 Accrued expenses and other current liabilities $ 26,359 $ 27,042
Other Liabilities	Other liabilities consist of the following as of March 31, 2022 and December 31, 2021: (in thousands) March 31, 2022 December 31, 2021 Deferred payment to Zoosk's shareholders $ 11,833 $ 11,545 Lease liabilities, less current portion 3,272 3,887 Sublease security deposit 1,038 1,038 Other 2,049 1,948 Other liabilities $ 18,192 $ 18,418

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The following table presents the carrying values and the estimated fair values of long-term debt as of March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 (in thousands) Carrying Value Fair Value Carrying Value Fair Value Long-term debt, including current portion (1) $ 94,282 $ 100,161 $ 82,124 $ 96,089 (1) At March 31, 2022 and December 31, 2021, the carrying value of long-term debt is net of unamortized original issue discount and debt issuance costs of $5.7 million and $3.4 million, respectively.

Stock-based Compensation (Table

Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The inputs used in the measurement of the fair values at the date of grant are summarized below: Virtual Stock Options Zero-Priced Options Long Call Short Call Long Call Short Call Option Option (Cap) Option Option (Cap) Stock price $2.70 $2.70 $2.70 $2.70 Strike price $2.93 $29.30 $— $50.00 Term 4.65 4.65 4.65 4.65 Volatility 65.0% 65.0% 65.0% 65.0% Dividend —% —% —% —% Risk-free rate 2.4% 2.4% 2.4% 2.4%
Share-based Payment Arrangement, Option, Activity	The following table summarizes the activity for the Company's options under the LTIP during the three months ended March 31, 2022 : Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in years) Outstanding as of December 31, 2021 1,802,228 $4.71 5.62 $0.01 Granted 530,000 2.93 Forfeited (48,061) 5.24 Outstanding as of March 31, 2022 2,284,167 4.29 5.76 0.01 Vested and exercisable at March 31, 2022 684,513 $4.81 4.95 $0.01 Number of Options Weighted Average Grant Date Fair Value Unvested as of December 31, 2021 1,190,967 $2.53 Granted 530,000 1.20 Vested (73,252) 3.03 Forfeited (48,061) 2.56 Unvested as of March 31, 2022 1,599,654 $2.06 The following table summarizes the activity for the Company's zero priced options under the LTIP during the three months ended March 31, 2022: Number of Options Outstanding as of December 31, 2021 584,068 Granted 220,000 Forfeited (12,935) Outstanding as of March 31, 2022 791,133 Vested and exercisable at March 31, 2022 104,233 Number of Options Weighted Average Grant Date Fair Value Unvested as of December 31, 2021 514,370 $5.29 Granted 220,000 2.59 Vested (34,535) 6.21 Forfeited (12,935) 5.35 Unvested as of March 31, 2022 686,900 $4.38

Revenue - Disaggregation (Detai

Revenue - Disaggregation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 52,374	$ 56,379
Subscription revenue
Disaggregation of Revenue [Line Items]
Revenue	50,009	54,546
Virtual currency revenue
Disaggregation of Revenue [Line Items]
Revenue	1,525	1,096
Advertising revenue
Disaggregation of Revenue [Line Items]
Revenue	$ 840	$ 737

Revenue - Geographical (Details

Revenue - Geographical (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 52,374	$ 56,379
United States
Disaggregation of Revenue [Line Items]
Revenue	34,569	36,550
France
Disaggregation of Revenue [Line Items]
Revenue	3,229	5,374
Germany
Disaggregation of Revenue [Line Items]
Revenue	308	333
Rest of world
Disaggregation of Revenue [Line Items]
Revenue	$ 14,268	$ 14,122

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 35,299		$ 36,973
Revenue recognized from prior deferred revenue balances	$ 26,100	$ 28,800

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense	$ 53	$ 2,340
Effective income tax rate reconciliation, percent	(1.00%)	112.50%
Unrecognized tax benefits	$ 4,800		$ 4,700
Unrecognized tax benefits, income tax penalties and interest accrued	700		$ 700
Unrecognized tax benefits that would impact effective tax rate	1,400
Unrecognized tax benefits that would impact valuation allowance	$ 2,900

Accrued Expenses and Other Li_3

Accrued Expenses and Other Liabilities - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accrued advertising	$ 7,824	$ 6,483
Accrued employee compensation and benefits	1,619	1,487
Accrued professional fees	1,001	835
Accrued service providers	2,018	1,806
Accrued value-added, sales, and other non-income-based taxes	7,629	8,837
Current portion of income tax payable	3,673	3,733
Current portion of lease liabilities	2,344	2,325
Other	251	1,536
Accrued expenses and other current liabilities	$ 26,359	$ 27,042

Accrued Expenses and Other Li_4

Accrued Expenses and Other Liabilities - Other Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Deferred payment to Zoosk's shareholders	$ 11,833	$ 11,545
Lease liabilities, less current portion	3,272	3,887
Sublease security deposit	1,038	1,038
Other	2,049	1,948
Other liabilities	$ 18,192	$ 18,418

Long-term Debt - MGG Term Loan

Long-term Debt - MGG Term Loan Agreement Narrative (Details) - Secured Debt - Senior Secured Term Loan $ in Thousands	Mar. 11, 2022USD ($)	Jun. 30, 2025USD ($)	Jun. 30, 2023USD ($)	Mar. 31, 2022USD ($)	Mar. 11, 2027	Jun. 30, 2026	Jun. 30, 2024	Jun. 30, 2022
Debt Instrument [Line Items]
Face amount	$ 100,000
Debt Instrument, Interest Rate, Discount Percent	0.020
Effective interest rate	10.10%
Liquidity threshold, minimum				$ 5,000
Outstanding principal				100,000
Long-term debt, carrying value				$ 94,300
Transaction Costs
Debt Instrument [Line Items]
Debt expenses	$ 3,500
Overhead Fees
Debt Instrument [Line Items]
Debt expenses	$ 300
Forecast
Debt Instrument [Line Items]
Covenant, leverage ratio, maximum		3.25	4.25		2.25	2.75	3.75	4.50
Debt Instrument, Covenant, Marketing Efficiency Ratio, Maximum					1.36
LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	7.50%
LIBOR | Forecast
Debt Instrument [Line Items]
Periodic payment, principal		$ 2,500	$ 1,250

Long-term Debt - Blue Torch Ter

Long-term Debt - Blue Torch Term Loan Narrative (Details) - USD ($) $ in Thousands	Dec. 02, 2020	Jul. 01, 2019	Mar. 31, 2022	Mar. 31, 2021	Mar. 11, 2022	Dec. 31, 2021	Mar. 05, 2021
Debt Instrument [Line Items]
Payments of debt issuance costs			$ 3,531	$ 0
Gain (loss) on extinguishment of debt			(3,964)	$ 0
Limited Waiver Agreement
Debt Instrument [Line Items]
Debt fee amount							$ 500
Payment in kind, increase to principal amount							$ 300
Secured Debt | Senior Secured Facilities Agreement
Debt Instrument [Line Items]
Debt term		4 years
Face amount		$ 125,000
Secured Debt | Senior Secured Facilities Agreement | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		8.00%
Secured Debt | Senior Secured Facilities Agreement | Term Loan Facility
Debt Instrument [Line Items]
Face amount		$ 120,000
Effective interest rate							11.80%
Secured Debt | Senior Secured Facilities Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		5,000
Debt fee amount		$ 300
Gain (loss) on extinguishment of debt			100
Secured Debt | Senior Secured Facilities Agreement | Term Loan Facility, Second Amendment
Debt Instrument [Line Items]
Face amount	$ 6,000
Debt modification expenses	1,300
Payments of debt issuance costs	$ 1,300
Effective interest rate	11.30%
Periodic payment, principal			150
Secured Debt | Senior Secured Facilities Agreement | Term Loan Facility, Original
Debt Instrument [Line Items]
Periodic payment			3,000
Secured Debt | Senior Secured Facilities Agreement | Term Loan Facility and Second Amendment
Debt Instrument [Line Items]
Outstanding principal					$ 85,600	$ 82,100
Gain (loss) on extinguishment of debt			3,900
Secured Debt | Senior Secured Facilities Agreement | Term Loan Facility and Second Amendment | Unamortized Debt Issuance Cost
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt			3,000
Secured Debt | Senior Secured Facilities Agreement | Term Loan Facility and Second Amendment | Prepayment Penalty
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt			$ 900

Long-term Debt - Blue Torch Rev

Long-term Debt - Blue Torch Revolving Credit Facility Narrative (Details) - USD ($) $ in Thousands	Jul. 01, 2019	Mar. 31, 2022	Mar. 31, 2021
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt		$ (3,964)	$ 0
Secured Debt | Senior Secured Facilities Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 5,000
Commitment fee percentage	0.75%
Debt fee amount	$ 300
Gain (loss) on extinguishment of debt		$ 100

Contingencies (Details)

Contingencies (Details)	Jul. 22, 2020arbitrationDemand
Commitments and Contingencies Disclosure [Abstract]
Number of arbitration demands	77

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unamortized discount and debt issuance costs	$ 5,700	$ 3,400
Level 2 | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current portion	94,282	82,124
Level 2 | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, including current portion	$ 100,161	$ 96,089

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 500	$ 1,000
Antidilutive securities excluded from computation of earnings per share (in shares)	1,096,902	806,280
Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost not yet recognized, amount	$ 3,200
Cost not yet recognized, period for recognition	3 years
Long Term Incentive Plan | Virtual Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)			500,000	3,000,000
Number of shares available for future grant	215,833
Long Term Incentive Plan | Zero-Priced Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)				1,000,000
Number of shares available for future grant	208,867

Stock-based Compensation - Inpu

Stock-based Compensation - Inputs used in the Measurement of the Fair Value Assumptions (Details)	3 Months Ended
	Mar. 31, 2022$ / shares
Virtual Stock Options | Long Call
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price (in dollars per share)	$ 2.70
Strike price (in dollars per share)	$ 2.93
Term	4 years 7 months 24 days
Volatility	65.00%
Dividend	0.00%
Risk-free rate	2.40%
Virtual Stock Options | Short Call
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price (in dollars per share)	$ 2.70
Strike price (in dollars per share)	$ 29.30
Term	4 years 7 months 24 days
Volatility	65.00%
Dividend	0.00%
Risk-free rate	2.40%
Zero-Priced Options | Long Call
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price (in dollars per share)	$ 2.70
Strike price (in dollars per share)	$ 0
Term	4 years 7 months 24 days
Volatility	65.00%
Dividend	0.00%
Risk-free rate	2.40%
Zero-Priced Options | Short Call
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price (in dollars per share)	$ 2.70
Strike price (in dollars per share)	$ 50
Term	4 years 7 months 24 days
Volatility	65.00%
Dividend	0.00%
Risk-free rate	2.40%

Stock-based Compensation - Stoc

Stock-based Compensation - Stock Option Activity (Details) - Long Term Incentive Plan - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Number of Options
Beginning balance (in shares)	1,802,228
Granted (in shares)	530,000
Forfeited (in shares)	(48,061)
Ending balance (in shares)	2,284,167	1,802,228
Vested and exercisable at ending balance (in shares)	684,513
Weighted Average Exercise Price
Outstanding at beginning balance (in dollars per share)	$ 4.71
Granted (in dollars per share)	2.93
Forfeitures (in dollars per share)	5.24
Outstanding at ending balance (in dollars per share)	4.29	$ 4.71
Vested and exercisable at ending balance (in dollars per share)	$ 4.81
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Outstanding, weighted average remaining contractual term (in years)	5 years 9 months 3 days	5 years 7 months 13 days
Vested and exercisable, weighted average remaining contractual term (in years)	4 years 11 months 12 days
Outstanding, aggregate intrinsic value	$ 0.01	$ 0.01
Vested and exercisable, aggregate intrinsic value	$ 0.01
Zero-Priced Options
Number of Options
Beginning balance (in shares)	584,068
Granted (in shares)	220,000
Forfeited (in shares)	(12,935)
Ending balance (in shares)	791,133	584,068
Vested and exercisable at ending balance (in shares)	104,233

Stock-based Compensation - Unve

Stock-based Compensation - Unvested Stock Option Activity (Details) - Long Term Incentive Plan	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Number of Options
Unvested, beginning balance (in shares) | shares	1,190,967
Granted (in shares) | shares	530,000
Vested (in shares) | shares	(73,252)
Forfeited (in shares) | shares	(48,061)
Unvested, ending balance (in shares) | shares	1,599,654
Weighted Average Grant Date Fair Value
Unvested, beginning balance (in dollars per share) | $ / shares	$ 2.53
Granted (in dollars per share) | $ / shares	1.20
Vested (in dollars per share) | $ / shares	3.03
Forfeited (in dollars per share) | $ / shares	2.56
Unvested, ending balance (in dollars per share) | $ / shares	$ 2.06
Zero-Priced Options
Number of Options
Unvested, beginning balance (in shares) | shares	514,370
Granted (in shares) | shares	220,000
Vested (in shares) | shares	(34,535)
Forfeited (in shares) | shares	(12,935)
Unvested, ending balance (in shares) | shares	686,900
Weighted Average Grant Date Fair Value
Unvested, beginning balance (in dollars per share) | $ / shares	$ 5.29
Granted (in dollars per share) | $ / shares	2.59
Vested (in dollars per share) | $ / shares	6.21
Forfeited (in dollars per share) | $ / shares	5.35
Unvested, ending balance (in dollars per share) | $ / shares	$ 4.38

Uncategorized Items - lov-20220

Label	Element	Value
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	$ 138,000