Red Violet (RDVT) 10-K 12 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Mar. 09, 2020	Jun. 28, 2019
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Trading Symbol	RDVT
Entity Registrant Name	RED VIOLET, INC.
Entity Central Index Key	0001720116
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Document Annual Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		11,590,015
Entity Public Float			$ 68.3
Title of 12(b) Security	Common Stock, $0.001 par value per share
Security Exchange Name	NASDAQ
Entity File Number	001-38407
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-2408531
Entity Address, Address Line One	2650 North Military Trail
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Boca Raton
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33431
City Area Code	561
Local Phone Number	757-4000
Documents Incorporated by Reference [Text Block]	Portions of the registrant’s Proxy Statement relating to its 2020 Annual Meeting of Stockholders to be filed with the SEC within 120 days after the end of the fiscal year ended December 31, 2019 are incorporated herein by reference in Part III of this Annual Report on Form 10-K.

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 11,776	$ 9,950
Accounts receivable, net of allowance for doubtful accounts of $40 and $77 as of December 31, 2019 and 2018, respectively	3,543	2,265
Prepaid expenses and other current assets	722	934
Total current assets	16,041	13,149
Property and equipment, net	660	852
Intangible assets, net	24,034	19,971
Goodwill	5,227	5,227
Right-of-use assets	2,620
Other noncurrent assets	289	628
Total assets	48,871	39,827
Current liabilities:
Accounts payable	2,138	2,246
Accrued expenses and other current liabilities	1,571	1,277
Current portion of operating lease liabilities	491
Deferred revenue	128	26
Total current liabilities	4,328	3,549
Noncurrent operating lease liabilities	2,459
Total liabilities	6,787	3,549
Shareholders' equity:
Preferred stock—$0.001 par value, 10,000,000 shares authorized, and 0 shares issued and outstanding, as of December 31, 2019 and December 31, 2018
Common stock—$0.001 par value, 200,000,000 shares authorized, 11,657,912 and 10,266,613 shares issued, 11,554,765 and 10,266,613 shares outstanding, as of December 31, 2019 and 2018	12	10
Treasury stock, at cost, 103,147 and 0 shares as of December 31, 2019 and 2018	(1,255)
Additional paid-in capital	59,187	41,052
Accumulated deficit	(15,860)	(4,784)
Total shareholders' equity	42,084	36,278
Total liabilities and shareholders' equity	$ 48,871	$ 39,827

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts	$ 40	$ 77	$ 228
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	11,657,912	10,266,613
Common stock, shares outstanding	11,554,765	10,266,613	1,000
Treasury Stock, Shares	103,147	0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue	$ 30,286	$ 16,302
Costs and expenses:
Sales and marketing expenses	7,528	4,754
General and administrative expenses	18,824	8,405
Depreciation and amortization	2,889	1,996
Total costs and expenses	41,498	23,793
Loss from operations	(11,212)	(7,491)
Interest income, net	136	84
Other income, net		539
Loss before income taxes	(11,076)	(6,868)
Net loss	$ (11,076)	$ (6,868)
Loss per share:
Basic and diluted	$ (1.03)	$ (0.67)
Weighted average number of shares outstanding:
Basic and diluted	10,762,881	10,266,613
Service [Member]
Costs and expenses:
Cost of revenue (exclusive of depreciation and amortization)	$ 12,257	$ 8,638

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY AND MEMBER'S CAPITAL - USD ($) $ in Thousands	Total	Treasury Stock	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Member's capital
Beginning balances at Dec. 31, 2017	$ 17,736					$ 17,736
Beginning balances, shares at Dec. 31, 2017			1,000
Contribution by Fluent, Inc., including allocation of expenses	24,264					24,264
Share-based compensation	1,146			$ 800		346
Net loss	(6,868)				$ (4,784)	(2,084)
Spin-off from Fluent, Inc.			$ 10	40,252		$ (40,262)
Spin-off from Fluent, Inc., shares			10,265,613
Ending balances at Dec. 31, 2018	36,278		$ 10	41,052	(4,784)
Ending balances, shares at Dec. 31, 2018			10,266,613
Vesting of restricted stock units			$ 1	(1)
Vesting of restricted stock units, Shares			710,299
Increase in treasury stock resultingfrom shares withheld to coverstatutory taxes	(1,255)	$ (1,255)
Increase in treasury stock resulting from shares withheld to cover statutory taxes, Shares		(103,147)
Issuance of common stock upon directoffering to certain investors, net ofissuance costs of $55	7,436		$ 1	7,435
Issuance of common stock upon direct offering to certain investors, net of costs, Shares			681,000
Share-based compensation	10,701			10,701
Net loss	(11,076)				(11,076)
Ending balances at Dec. 31, 2019	$ 42,084	$ (1,255)	$ 12	$ 59,187	$ (15,860)
Ending balances, shares at Dec. 31, 2019		(103,147)	11,657,912

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY AND MEMBER'S CAPITAL (Parenthetical) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Common Stock
Stock issuance cost	$ 55
Additional Paid-in Capital
Stock issuance cost	$ 55

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (11,076)	$ (6,868)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	2,889	1,996
Share-based compensation expense	9,913	709
Write-off of long-lived assets	30	63
Provision for bad debts	582	294
Allocation of expenses from Fluent, Inc.		325
Noncash lease expenses	422
Changes in assets and liabilities:
Accounts receivable	(1,860)	(909)
Prepaid expenses and other current assets	212	(375)
Other noncurrent assets	339	552
Accounts payable	(108)	(332)
Accrued expenses and other current liabilities	639	(3,501)
Deferred revenue	102	(7)
Operating lease liabilities	(437)
Net cash provided by (used in) operating activities	1,647	(8,053)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(90)	(90)
Capitalized costs included in intangible assets	(5,912)	(5,911)
Net cash used in investing activities	(6,002)	(6,001)
CASH FLOWS FROM FINANCING ACTIVITIES:
Capital contributed by Fluent, Inc.		23,939
Proceeds from issuance of shares, net of issuance costs	7,436
Taxes paid related to net share settlement of vesting of restricted stock units	(1,255)
Net cash provided by financing activities	6,181	23,939
Net increase in cash and cash equivalents	1,826	9,885
Cash and cash equivalents at beginning of period	9,950	65
Cash and cash equivalents at end of period	11,776	9,950
SUPPLEMENTAL DISCLOSURE INFORMATION
Share-based compensation capitalized in intangible assets	788	$ 437
Right-of-use assets obtained in exchange of operating lease liabilities	3,042
Operating lease liabilities arising from obtaining right-of-use assets	$ 3,387

Principal Activities and Organi

Principal Activities and Organization	12 Months Ended
	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Principal Activities and Organization	1. Principal activities and organization (a) Principal activities Red Violet, Inc. (“we,” “us,” “our,” “red violet,” or the “Company”), a Delaware corporation, a analytics and with use cases including fraud detection, risk mitigation, due diligence and marketing. l t c e r a l c a a t t e l e i i i e r d TM We provide unique and compelling solutions essential to the daily workflow of organizations within both the public and private sectors. Our cloud-based data fusion platform, combined with our massive database consisting of public-records, proprietary and publicly-available data, as well as a unique repository of self-reported information on millions of consumers, enables the delivery of differentiated products and solutions used for a variety of essential functions. These essential functions include identification and authentication, and investigation and validation. We have only one operating segment, as defined by ASC 280, “ Segment Reporting (b) Organization On March 26, 2018, Fluent, Inc. (“Fluent”) completed a spin-off of its risk management business from its digital marketing business by way of a distribution of all the shares of common stock of Fluent’s then wholly-owned subsidiary, red violet, to Fluent’s stockholders of record as of March 19, 2018, the record date, and certain warrant holders (the “Spin-off”). The distribution occurred by way of a pro rata stock distribution to such common stock and warrant holders, each of whom received one share of red violet’s common stock for every 7.5 Upon the Spin-off, the Company owns Fluent subsidiaries that previously operated Fluent’s risk manag e ment business As a result of the Spin-off, red violet is an independent public company and red violet’s common stock began regular-way trading on The NASDAQ Capital Market under the symbol “RDVT” on March 27, 2018.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of significant accounting policies (a) Basis of preparation and liquidity The accompanying consolidated financial statements have been prepared by red violet in accordance with accounting principles generally accepted in the United States (“US GAAP”). The Company accounted for the Spin-off in accordance with ASC 805-50-30-5 Initial Measurement- Transactions Between Entities Under Common Control Transfer Date Measurement The Company reported a net loss of $11,076 and $6,868 for the years ended December 31, 2019 and 2018, respectively. Net cash provided by operating activities was $1,647 for the year ended December 31, 2019 as compared to net cash used in operating activities of $8,053 for the year ended December 31, 2018. As of December 31, 2019, the Company had an accumulated deficit of $15,860. As of December 31, 2019, the Company had available cash and cash equivalents of $11,776, an increase of $1,826 from $9,950 as of December 31, 2018. Based on this available cash and cash equivalents, and the projections of growth in revenue and operating results in the coming year, the Company believes that it will have sufficient cash resources to finance its operations and expected capital expenditures for the next twelve months. Principles of consolidation The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant transactions among the Company and its subsidiaries have been eliminated upon consolidation. Although the Spin-off was completed on March 26, 2018, the Company has reflected the Spin-off in these financial statements as if it occurred on March 31, 2018 as the Company determined that the impact is not material to the consolidated financial statements. The financial statements present the consolidated results of operations, financial condition, and cash flows of red violet and its subsidiaries. For periods prior to the Spin-off, these financial statements were prepared on a consolidated and combined basis because certain of the entities were under common control. All intercompany accounts and transactions have been eliminated between the consolidated and combined entities. The historical consolidated and combined financial results presented prior to the Spin-off may not be indicative of the results that would have been achieved by the Company had it operated as a separate, standalone entity prior to the Spin-off. The consolidated and combined financial statements presented prior to the Spin-off do not reflect any changes that were expected to occur in the Company’s operations in connection with or as a result of the Spin-off. (b) Use of estimates The preparation of consolidated financial statements in accordance with US GAAP requires red violet’s management to make estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Significant items subject to such estimates and assumptions include the allowance for doubtful accounts, useful lives of property and equipment and intangible assets, recoverability of the carrying amount of goodwill and intangible assets, share-based compensation and income tax provision. These estimates are often based on complex judgments and assumptions that management believes to be reasonable but are inherently uncertain and unpredictable. Actual results could differ from these estimates. (c) Cash and cash equivalents Cash and cash equivalents consist of cash on hand and bank deposits with original maturities of three months or less, which are unrestricted as to withdrawal and use. The Company’s cash and bank deposits were held in major financial institutions located in the United States, which management believes have high credit ratings. The cash and bank deposits held in the United States, denominated in USD, amounted to $11,776 and $9,950 as of December 31, 2019 and 2018, respectively. Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, consist principally of cash investments. The Company places its temporary cash instruments with well-known financial institutions within the United States, and, at times, may maintain balances in United States banks in excess of the $250 US Federal Deposit Insurance Corporation insurance limit. The Company monitors the credit ratings of the financial institutions to mitigate this risk. (d) Accounts receivable Accounts receivable are due from customers and are generally unsecured, which consist of amounts earned but not yet collected. None of the Company’s accounts receivable bear interest. The allowance for doubtful accounts is management’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. Management determines the allowance based on reviews of customer-specific facts and economic conditions. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company does not have any off-balance-sheet credit exposure related to its customers. The amount of the allowance for doubtful accounts was $40 and $77 as of December 31, 2019 and 2018, respectively. (e) Property and equipment Property and equipment are stated at cost, net of accumulated depreciation or amortization. Expenditures for maintenance, repairs, and minor renewals are charged to expense in the period incurred. Betterments and additions are capitalized. Property and equipment are depreciated on the straight-line basis over the estimated useful lives of the assets. Leasehold improvements are depreciated over the shorter of their estimated useful lives or lease terms that are reasonably assured. The estimated useful lives of property and equipment are as follows: Computer and network equipment 5-7 years Furniture, fixtures and office equipment 5 years Leasehold improvements 7 years When items of property and equipment are retired or otherwise disposed of, loss/income is charged or credited for the difference between the net book value and proceeds received thereon. (f) Intangible assets other than goodwill The Company’s intangible assets are initially recorded at the capitalized actual costs incurred, their acquisition cost, or fair value if acquired as part of a business combination, and amortized on a straight-line basis over their respective estimated useful lives, which are the periods over which the assets are expected to contribute directly or indirectly to the future cash flows of the Company. The Company’s intangible assets represent software developed for internal use. Intangible assets have estimated useful lives of 5-10 years. In accordance with ASC 350-40, “Software — Internal use software,” Once the software developed for internal use is ready for its intended use, it is amortized on a straight-line basis over its useful life (g) Goodwill Goodwill represents the cost in excess of the fair value of the net assets acquired in a business combination. As of December 31, 2019 and 2018, the balance of goodwill of $5,227 was as a result of the acquisition of Interactive Data, LLC (“Interactive Data”), a wholly-owned subsidiary of red violet, effective on October 2, 2014. In accordance with ASC 350, “Intangibles - Goodwill and Other,” The measurement date of our annual goodwill impairment test is October 1. On October 1, 2019 and 2018, the Company performed qualitative assessments on the reporting unit and, based on this assessment, no events have occurred to indicate that it is more likely than not that the fair value of the reporting unit is less than its carry amount. The Company concluded that goodwill was not impaired as of December 31, 2019 and 2018. For purposes of reviewing impairment and the recoverability of goodwill, the Company must make various assumptions regarding estimated future cash flows and other factors in determining the fair values, including market multiples, discount rates, etc. (h) Impairment of long-lived assets Finite-lived intangible assets are amortized over their respective useful lives and, along with other long-lived assets, are evaluated for impairment periodically whenever events or changes in circumstances indicate that their related carrying amounts may not be recoverable in accordance with ASC 360-10-15, “ Impairment or Disposal of Long-Lived Assets. Asset recoverability is an area involving management judgment, requiring assessment as to whether the carrying value of assets can be supported by the undiscounted future cash flows. In calculating the future cash flows, certain assumptions are required to be made in respect of highly uncertain matters such as revenue growth rates, gross margin percentages and terminal growth rates. We concluded there was no impairment as of December 31, 2019 and 2018. (i) Fair value of financial instruments ASC 820, “Fair Value Measurements and Disclosures,” These tiers include: • Level 1 – defined as observable inputs such as quoted prices in active markets; • Level 2 – defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and • Level 3 – defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The fair value of the Company’s cash and cash equivalents, receivables and payables approximate their carrying amount because of the short-term nature of these instruments. (j) Revenue recognition On January 1, 2018, the Company adopted ASC 606, “Revenue from Contracts with Customers,” Revenue is generally recognized on (a) a transactional basis determined by the customers’ usage, (b) a monthly fee or (c) a combination of both. Revenue pursuant to transactions determined by the customers’ usage is recognized when the transaction is complete, and either party may terminate the transactional agreement at any time. Revenue pursuant to contracts containing a monthly fee is recognized ratably over the contract period, which is generally 12 months, and the contract shall automatically renew for additional, successive 12-month terms unless written notice of intent not to renew is provided by one party to the other at least 30 days or 60 days prior to the expiration of the then current term. The Company’s revenue is recorded net of applicable sales taxes billed to customers. Available within Topic 606, the Company has applied the portfolio approach practical expedient in accounting for customer revenue as one collective group, rather than individual contracts. Based on the Company’s historical knowledge of the contracts contained in this portfolio and the similar nature and characteristics of the customers, the Company has concluded the financial statement effects are not materially different than if accounting for revenue on a contract by contract basis. Revenue is recognized over a period of time since the performance obligation is delivered in a series. The Company’s customers simultaneously receive and consume the benefits provided by the Company’s performance as and when provided. Furthermore, the Company has elected the “right to invoice” practical expedient, available within Topic 606, as its measure of progress, since it has a right to payment from a customer in an amount that corresponds directly with the value of its performance completed-to-date. The Company's revenue arrangements do not contain significant financing components. For the years ended December 31, 2019 and 2018, 65% and 58% of total revenue was attributable to customers with pricing contracts, respectively, versus 35% and 42% attributable to transactional customers, respectively. Pricing contracts are generally annual contracts or longer, with auto renewal. If a customer pays consideration before the Company transfers services to the customer, those amounts are classified as deferred revenue. As of December 31, 2019 and 2018, the balance of deferred revenue was $128 and $26, respectively, all of which is expected to be realized in the next 12 months. In relation to the deferred revenue balance as of December 31, 2018, $26 was recognized into revenue during the year ended December 31, 2019. As of December 31, 2019, $2,929 of revenue is expected to be recognized in the future for performance obligations that are unsatisfied or partially unsatisfied, related to pricing contracts that have a term of more than 12 months. $1,820 of revenue will be recognized in 2020, $1,106 in 2021, and $3 in 2022. The actual timing of recognition may vary due to factors outside of the Company’s control. The Company excludes variable consideration related entirely to wholly unsatisfied performance obligations and contracts and recognizes such variable consideration based upon the right to invoice the customer. Sales commissions are incurred and recorded on an ongoing basis over the term of the customer relationship. These costs are recorded in sales and marketing expenses. In addition, the Company elected the practical expedient to not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which it has the right to invoice for services performed. (k) Cost of revenue (exclusive of depreciation and amortization) Our cost of revenue primarily includes data acquisition costs and other cost of revenue. Data acquisition costs consist primarily of the costs to acquire data either on a transactional basis or through flat-fee data licensing agreements, including unlimited usage agreements. Data acquisition costs are recognized based on a straight-line amortization method. Other cost of revenue includes expenses related to third-party infrastructure fees. (l) Advertising and promotion costs Advertising and promotion costs are charged to operations as incurred. Advertising and promotion costs, included in sales and marketing expenses amounted to $108 and $198 for the years ended December 31, 2019 and 2018, respectively. (m) Share-based compensation The Company accounts for share-based compensation to employees in accordance with ASC 718, “Compensation—Stock Compensation.” The estimated number of stock awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from our current estimates, such amount will be recorded as a cumulative adjustment in the period estimates are revised. Changes in our estimates and assumptions may cause us to realize material changes in share-based compensation expense in the future. The Company has issued share-based awards with performance-based vesting criteria. Achievement of the milestones must be probable before the Company begin s recording share-based compensation expense. When the performance-based vesting criteria is considered probable, the Company begin s to recognize compensation expense at that time. In the period that achievement of the performance-based criteria is deemed probable, US GAAP requires the immediate recognition of all previously unrecognized compensation since the original grant date. As a result, compensation expense recorded in the period that achievement is deemed probable could include a substantial amount of previously unrecorded compensation expense related to the prior periods. F or any share-based awards where performance-based vesting criteria is no longer considered probable, previously recognized compensation cost w ould be reversed. As of December 31, 2019, the Company has deemed the achievement of the performance-based criteria to be probable for all share-based awards with performance-based vesting criteria. The Company applies ASU 2018-07, “ Improvements to Nonemployee Share-Based Payment Accounting Compensation – Stock Compensation Equity-Based Payments to Non-employees (n) Income taxes The Company accounts for income taxes in accordance with ASC 740, “Income Taxes,” The effect on deferred tax assets and liabilities of a change in tax rates or laws is recognized in income in the period that the change in tax rates or laws is enacted. A valuation allowance is provided to reduce the amount of deferred tax assets if it is considered more likely than not that some portion or all of the deferred tax assets will not be realized. ASC 740 clarifies the accounting for uncertain tax positions. This interpretation requires that an entity recognizes in the consolidated financial statements the impact of a tax position, if that position is more likely than not of being sustained upon examination, based on the technical merits of the position. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company’s accounting policy is to accrue interest and penalties related to uncertain tax positions, if and when required, as interest expense and a component of other expenses, respectively, in the consolidated statements of operations. (o) Loss per share Basic loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the periods. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock and is calculated using the treasury stock method for stock options and unvested shares. Common equivalent shares are excluded from the calculation in the loss periods as their effects would be anti-dilutive. (p) Contingencies In the ordinary course of business, the Company is subject to loss contingencies that cover a wide range of matters. An estimated loss from a loss contingency such as a legal proceeding or claim is accrued if it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. In determining whether a loss should be accrued, the Company evaluates, among other factors, the degree of probability and the ability to make a reasonable estimate of the amount of loss. (q) Segment reporting The Company has only one operating segment, as defined by ASC 280, “Segment Reporting.” (r) Significant concentrations and risks Concentration of credit risk Assets that potentially subject the Company to significant concentration of credit risk primarily consist of cash and cash equivalents, and accounts receivable. As of December 31, 2019 and 2018, all of the Company’s cash and cash equivalents were deposited in financial institutions located in the United States, which management believes are of high credit quality. Accounts receivable are typically unsecured and are derived from revenue earned from customers. The risk with respect to accounts receivable is mitigated by credit evaluations the Company performs on its customers and its ongoing monitoring process of outstanding balances. Concentration of customers For the years ended December 31, 2019 and 2018, one individual customer accounted for 15% and 11% of the total revenue, respectively. As of December 31, 2019 and 2018, there was no individual customer that accounted for more than 10% Concentration of suppliers Our products and services depend extensively upon continued access to and receipt of data from external sources, including data received from the major credit bureaus, including our largest data supplier. The Company’s other data suppliers include strategic partners, as well as various government and public records repositories. Our largest data supplier, with whom we have expanded our relationship while securing what we believe to be favorable business terms over the years, accounted for approximately 40% of our total data acquisition costs for the year ended December 31, 2019, compared to approximately 46% for the year ended December 31, 2018. The initial term of the agreement, as amended, with this supplier ends April 30, 2022, and continues thereafter on a month-to-month basis unless and until either party provides the other with a minimum of 30 days’ written notice of termination. During the term of the agreement, either party has the right to terminate the agreement: (i) in the event of the other party’s failure to cure a material breach, and (ii) in the event of the other party’s insolvency. In addition, this supplier may terminate this agreement by providing not less than 150 days’ advance written notice to us and we may terminate this agreement by providing not less than 24 months’ advance written notice to this supplier. The remaining minimum purchase commitments through the end of the initial term is $10.4 million. If we are unable to maintain our relationship with our largest data supplier, our ability to provide products and services could be negatively impacted, as we would need to secure comparable data on similar terms, which would require significant time, expense, and resources, and may in the short-term adversely affect our reputation, business, financial condition and results of operations and, if we are unable to establish a similar relationship with other data suppliers over time, could have a long-term material impact on our business and financial condition. As of December 31, 2019 and 2018, among data suppliers, one data supplier accounted for 43% and 42% of the Company’s total accounts payable, respectively. (s) Recently issued accounting standards As an emerging growth company, the Company has left open the opportunity to take advantage of the extended transition period provided to emerging growth companies in Section 13(a) of the Exchange Act, however, it is the Company’s present intention to adopt any applicable new accounting standards timely. In February 2016, Financial Accounting Standard Board (“FASB”) issued Accounting Standard Updates (“ASU”) No. 2016-02 (“ASU 2016-02”), “Leases (Topic 842),” which generally requires companies to recognize operating and financing lease liabilities and corresponding right-of-use assets on the balance sheet. In July 2018, FASB issued ASU No. 2018-10, “Codification Improvements to Topic 842, Leases,” and ASU No. 2018-11, “Leases (Topic 842): Targeted Improvements.” Topic 842 is effective for public entities and private entities in the first quarter of 2019 and the first quarter of 2020, respectively, on a modified retrospective basis. The Company adopted Topic 842 in the first quarter of 2019. The Company recorded a right-of-use asset and a total operating lease obligation on its consolidated balance sheet of approximately $3.0 million and $3.4 million, respectively, upon the adoption. Refer to Note 13, Leases, for further details. In June 2016, FASB issued ASU No. 2016-13 (“ASU 201 6 -1 3 ”) , “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” In November 2018, FASB issued ASU No. 2018-19, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses,” which amends the scope and transition requirements of ASU 2016-13. Topic 326 requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect the collect ab ility of the reported amount. Topic 326 will become effective for public companies beginning January 1, 2020 , with early adoption permitted, on a modified retrospective approach. Based on our preliminary evaluation, t he Company does not expect this guidance will have a material impact on its c onsolidated f inancial s tatements and related disclosures . In August 2018, FASB issued ASU No. 2018-15 (“ASU 2018-15”), “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract,”

Loss Per Share

Loss Per Share	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Loss Per Share	3. Loss per share For the years ended December 31, 2019 and 2018, the basic and diluted loss per share was as follows: Year Ended December 31, (In thousands, except share data) 2019 2018 Numerator: Net loss $ (11,076 ) $ (6,868 ) Denominator: Weighted average shares outstanding - Basic and diluted (1) 10,762,881 10,266,613 Loss per share: Basic and diluted: $ (1.03 ) $ (0.67 ) (1) Prior to the Spin-off, the financial information of red violet represented the consolidated and combined figures of red violet and its subsidiaries. red violet only had 1,000 shares of common stock outstanding, all of which Fluent owned. On March 26, 2018, upon the Spin-off of red violet, an aggregate of 10,266,613 shares of red violet common stock were distributed to Fluent stockholders and certain warrant holders. This number of shares remained outstanding at December 31, 2018, and it is utilized to calculate the basic and diluted loss per share for the year ended December 31, 2018. A total of 2,237,827 unvested restricted stock units (“RSUs”) and 12,250 RSUs that were vested but not delivered have been excluded from the diluted loss per share for the year ended December 31, 2019, and 2,121,000 unvested RSUs have been excluded from the diluted loss per share calculation for the year ended December 31, 2018, as the impact is anti-dilutive.

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Accounts Receivable, Net	4. Accounts receivable, net Accounts receivable, net consist of the following: (In thousands) December 31, 2019 December 31, 2018 Accounts receivable $ 3,583 $ 2,342 Less: Allowance for doubtful accounts (40 ) (77 ) Total accounts receivable, net $ 3,543 $ 2,265 The movement of allowance for doubtful accounts is shown below: Year Ended December 31, (In thousands) 2019 2018 Beginning balance $ 77 $ 228 Charges to expenses 582 294 Write-offs (619 ) (445 ) Ending balance $ 40 $ 77 Provision for bad debts of $582 and $294 was provided for the years ended December 31, 2019 and 2018, respectively.

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Property and Equipment, Net	5. Property and equipment, net Property and equipment, net consist of the following: (In thousands) December 31, 2019 December 31, 2018 Computer and network equipment $ 749 $ 680 Furniture, fixtures and office equipment 708 803 Leasehold improvements 53 53 Total cost 1,510 1,536 Less: Accumulated depreciation (850 ) (684 ) Property and equipment, net $ 660 $ 852 Depreciation of property and equipment of $252 and $266 was recorded for the years ended December 31, 2019 and 2018, respectively.

Intangible Assets, Net

Intangible Assets, Net	12 Months Ended
	Dec. 31, 2019
Intangible Assets Net Excluding Goodwill [Abstract]
Intangible Assets, Net	6. Intangible assets, net Intangible assets other than goodwill consist of the following: December 31, 2019 December 31, 2018 (In thousands) Amortization Period Gross Amount Accumulated Amortization Net Gross Amount Accumulated Amortization Net Software developed for internal use 5-10 years $ 29,690 $ (5,656 ) $ 24,034 $ 22,990 $ (3,019 ) $ 19,971 The gross amount associated with software developed for internal use represents capitalized costs of internally-developed software, including eligible salaries and staff benefits, share-based compensation, travel expenses incurred by relevant employees, and other relevant costs. Amortization expenses of $2,637 and $1,730 were included in depreciation and amortization expense for the years ended December 31, 2019 and 2018, respectively. As of December 31, 2019, intangible assets of $3,479, included in the gross amounts of software developed for internal use, have not started amortization, as they are not ready for their intended use. The Company capitalized costs of software developed for internal use of $6,700 and $6,348 during the years ended December 31, 2019 and 2018, respectively. As of December 31, 2019, estimated amortization expenses related to the Company’s intangible assets for 2020 through 2025 and thereafter are as follows: (In thousands) Year December 31, 2019 2020 $ 3,729 2021 3,898 2022 3,896 2023 3,820 2024 3,180 2025 and thereafter 5,511 Total $ 24,034

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	12 Months Ended
	Dec. 31, 2019
Payables And Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	7. Accrued expenses and other current liabilities Accrued expenses and other current liabilities consist of the following: (In thousands) December 31, 2019 December 31, 2018 Employees compensation expenses $ 877 $ 284 Accrued data acquisition costs 142 273 Sales tax payable 447 - Deferred rent - 345 Litigation settlement payable - 175 Miscellaneous expenses payable 105 200 Total $ 1,571 $ 1,277

Other Income, Net

Other Income, Net	12 Months Ended
	Dec. 31, 2019
Other Income And Expenses [Abstract]
Other Income, Net	8. Other income, net For the year ended December 31, 2018, other income, net consisted primarily of transition service income of $218 and the insurance proceeds of $350 in relation to previously settled litigation.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	9. Income taxes The Company is subject to federal and state income taxes in the United States. The income taxes on loss before income taxes consisted of the following: Year Ended December 31, (In thousands) 2019 2018 Current Federal and state $ - $ - Deferred Federal (2,449 ) 7,979 State (359 ) 1,543 Valuation allowance 2,808 (9,522 ) - - Provision for income tax $ - $ - The Company’s effective income tax benefit differed from the U.S. corporate statutory income tax rate for the years ended December 31, 2019 and 2018. A reconciliation is as follows: Year Ended December 31, (In thousands) 2019 2018 Tax on loss before income taxes $ (2,326 ) 21 % $ (1,442 ) 21.0 % Effect of state taxes (net of federal tax benefit) (359 ) 3 % 1,543 -22.5 % Excess tax benefit from share-based compensation (672 ) 6 % - - Nondeductible executive compensation 669 -6 % - - Other permanent differences (120 ) 1 % 11 -0.2 % Effect of the Spin-off from Fluent - - 9,410 -137.0 % Valuation allowance 2,808 -25 % (9,522 ) 138.7 % Income tax benefit $ - 0.0 % $ - 0.0 % Components of deferred tax assets and liabilities consist of the following: (In thousands) December 31, 2019 December 31, 2018 Deferred tax assets: Net operating loss carryforwards $ 6,711 $ 3,836 Share-based compensation 1,135 128 Accounts receivable 10 18 Accrued expenses and other current liabilities 114 128 7,970 4,110 Valuation allowance (5,126 ) (2,318 ) 2,844 1,792 Deferred tax liabilities: Intangible assets 2,724 1,660 Property and equipment 120 132 2,844 1,792 Net deferred income tax $ - $ - As of December 31, 2019, the Company had federal and state net operating loss carryforwards of $27,886 and $18,729, respectively, which begin to expire in 2034, except that $20,342 of federal net operating loss carryforwards incurred in 2018 and 2019 could be carried forward indefinitely. The Company’s net operating losses are not subject to annual Section 382 limitations due to ownership changes that could impact the future realization. The Company uses ASC 740 ordering when determining when excess tax benefits have been realized. ASC 740 requires a valuation allowance to reduce the deferred tax assets reported if, based on the weight of the evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. On a periodic basis, management evaluates and determines the amount of valuation allowance required and adjusts such valuation allowance accordingly. Primarily due to cumulative pre-tax losses, management determined a valuation allowance of $5,126 and $2,318 was necessary as of December 31, 2019 and 2018, respectively, to reduce the deferred tax assets to the amount that is more likely than not to be realized. The change in the valuation allowance was an increase of $2,808 for the year ended December 31, 2019 and a reduction of $9,522 for the year ended December 31, 2018. The decrease in the valuation allowance in 2018 is due to the decrease in net operating loss carryforwards as a result of the net operating loss carryforward that stayed with Fluent upon the Spin-off. The Company assesses its income tax positions and records tax benefits for all years subject to examination based upon its evaluation of the facts, circumstances and information available at the reporting date. For those tax positions where it is more-likely-than-not that a tax benefit will be sustained, the Company has recorded the largest amount of tax benefit with a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not more-likely-than-not that a tax benefit will be sustained, no tax benefit has been recognized in the Company’s financial statements. The Company continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. All of the Company’s income tax filings since 2016 remain open for tax examinations. The Company does not have any unrecognized tax benefits as of December 31, 2019 and 2018.

Common Stock and Preferred Stoc

Common Stock and Preferred Stock	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Common Stock and Preferred Stock	10. Common stock and preferred stock Common stock As of December 31, 2019 and 2018, the number of authorized shares of common stock was 200,000,000, with a par value of $0.001 per share, of which, 11,657,912 and 10,266,613 shares of common stock were issued, respectively, which included shares of treasury stock of 103,147 and 0, respectively. On March 26, 2018, Fluent completed the Spin-off of its risk management business from its digital marketing business by way of a distribution of all the shares of common stock of red violet to Fluent’s stockholders of record as of March 19, 2018, the Record Date, and certain warrant holders, which resulted in a distribution of a total of 10,266,613 shares of red violet common stock. During the year ended December 31, 2019, the change in the number of issued shares of common stock was due to the following issuance: • An aggregate of 710,299 shares of common stock were issued as a result of the vesting of RSUs, of which, 103,147 shares of common stock were withheld to pay withholding taxes upon such vesting, which are reflected in treasury stock. • An aggregate of 681,000 shares of common stock, with an issuance price of $11.00 per share, were issued in a registered direct offering to certain investors, pursuant to a securities purchase agreement entered into on August 28, 2019. Net proceeds of $7,436 were received in August 2019. Treasury stock As of December 31, 2019, the Company held 103,147 shares of treasury stock, with a cost of $1,255. There was no treasury stock as of December 31, 2018. This increase in treasury stock was due to shares withheld to pay withholding taxes upon the vesting of RSUs. Preferred stock As of December 31, 2019 and 2018, the Company had 10,000,000 shares of preferred stock with par value of $0.001 per share authorized, and there were no shares of preferred stock issued or outstanding.

Share-based Compensation

Share-based Compensation	12 Months Ended
	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-based Compensation	11. Share-based compensation On March 22, 2018, the board of directors of the Company and Fluent, in its capacity as sole stockholder of red violet prior to the Spin-off, approved the Red Violet, Inc. 2018 Stock Incentive Plan (the “2018 Plan”), which became effective immediately prior to the Spin-off. A total of 3,000,000 shares of common stock were authorized to be issued under the 2018 Plan. The primary purpose of the 2018 Plan is to attract, retain, reward and motivate certain individuals by providing them with an opportunity to acquire or increase a proprietary interest in the Company and to incentivize them to expend maximum effort for the growth and success of the Company, so as to strengthen the mutuality of the interests between such individuals and the stockholders of the Company. As of December 31, 2019, there were 39,624 shares of common stock available for future issuance under the 2018 Plan. Details of unvested RSUs activity during the years ended December 31, 2018 and 2019 were as follows: Number of units Weighted average grant-date fair value Unvested as of December 31, 2017 - $ - Granted (1) 2,145,500 $ 7.65 Forfeited (24,500 ) $ 7.53 Unvested as of December 31, 2018 2,121,000 $ 7.65 Granted (1)(2) 917,500 $ 10.67 Vested and delivered (607,152 ) $ 7.62 Withheld as treasury stock (3) (103,147 ) $ 7.75 Vested not delivered (12,250 ) $ 6.13 Forfeited (78,124 ) $ 8.26 Unvested as of December 31, 2019 2,237,827 $ 8.88 (1) On September 5, 2018 and January 16, 2019, the Company granted an aggregate of 1,487,500 RSUs (included in “ Grant ed ” during the year ended December 31, 2018 above) and 90,000 RSUs (included in “Granted” during the year ended December 31, 201 9 above ), respectively, subject to both time- and performance-based requirements, to certain of its employees and directors, at a grant date fair value of $ 7.69 per share and $ 7.25 per share, respectively, with a three-year vesting period. Such RSU grants shall not vest unless and until the Company has, for any fiscal quarter in which the RSUs are outstanding, (i) gross revenue determined in accordance with the Company’s reviewed or audited financial statements in excess of $ 7.0 million for such fiscal quarter, (ii) positive adjusted EBITDA , as determined based on amounts derived from the Company’s reviewed or audited financial statements for such fiscal quarter, and (iii) the participant continues to provide services to the Company either as an employee, director or consultant on the last day of the quarter that the performance criteria are met (collectively, the “2018 Performance Criteria”). Provided the 2018 Performance Criteria are met, the RSUs will vest in accordance with the time-based requirements contained in the award agreement over three years. In the event of a change of control, all RSUs which have not vested on the date of such change of control shall immediately vest even if the 2018 Performance Criteria have not been met. As of June 30, 2019, the Company determined that the 2018 Performance Criteria were met and expects to issue shares underlying the RSUs in accordance with the continuing time-based vesting requirement. As a result of meeting the 2018 Performance Criteria as of June 30, 2019, the Company recognized a total of $7,724 of share-based compensation expense relating to RSUs with the 2018 Performance Criteria for the year ended December 31, 2019. Of the $7,724 recognized, $2,174 represented a catch-up of unamortized expense from September 5, 2018 through December 31, 2018, which was not recognized in prior periods because the Company determined at each period end that it was not probable that the 2018 Performance Criteria would be met. (2) On August 28, 2019 and October 28, 2019, the Company granted an aggregate of 681,000 RSUs, subject to both time- and performance-based requirements, to certain employees, at a grant date fair value of $11.42 per share and $16.42 per share, respectively, with time vesting periods of either three or four years. Such RSU grants shall not vest unless and until the Company has, for any fiscal quarter in which the RSUs are outstanding, (i) gross revenue determined in accordance with the Company’s reviewed or audited financial statements in excess of (a) $10.0 million for such fiscal quarter and positive adjusted EBITDA of at least $1.5 million, as determined based on amounts derived from the Company’s reviewed or audited financial statements for such fiscal quarter for 256,000 RSUs, and (b) $12.5 million for such fiscal quarter and positive adjusted EBITDA of at least $2.0 million, as determined based on amounts derived from the Company’s reviewed or audited financial statements for such fiscal quarter for 425,000 RSUs, and (ii) the recipient continues to provide services to the Company either as an employee, director or consultant on the last day of the quarter that the performance criteria is met (collectively, the “2019 Performance Criteria”). Provided the respective 2019 Performance Criteria are met, the RSUs will vest in accordance with the time-based requirements contained in the award agreement over three or four years. In the event of a change of control, all RSUs which have not vested on the date of such change of control shall immediately vest even if the 2019 Performance Criteria have not been met. (3) The increase in treasury stock was due to shares withheld to pay statutory taxes upon the vesting of RSUs during the year ended December 31, 2019. Refer to Note 10 for details. As of December 31, 2019, unrecognized share-based compensation expense associated with the granted RSUs amounted to $15,496, which is expected to be recognized over a weighted average period of 2.3 years. Share-based compensation was allocated to the following accounts in the consolidated financial statements for the years ended December 31, 2019 and 2018: Year Ended December 31, (In thousands) 2019 2018 Sales and marketing expenses $ 454 $ 158 General and administrative expenses 9,459 551 Share-based compensation expense 9,913 709 Capitalized in intangible assets 788 437 Total $ 10,701 $ 1,146 The amounts recorded during the year ended December 31, 2018 included an allocation of share-based compensation related to the share-based awards granted by Fluent to Company employees or non-employees prior to the Spin-off.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	12. Related party transactions Services Agreement On August 7, 2018, the Company entered into an executive chairman services agreement with Mr. Michael Brauser, the then Executive Chairman of the Company, pursuant to which Mr. Brauser will be providing recommendations on organizational and capital structure, future financing needs and future acquisitions or strategic transactions (“Services Agreement”), for a term of one year, automatically renewing for additional one-year Contribution by Fluent Contribution by Fluent represents cash funding provided or the portion of certain expenses allocated by Fluent to red violet, on or prior to the Spin-off. These allocated expenses are primarily corporate employee salaries and benefits of the functional groups (inclusive of executive management, accounting, administrative and information technology) and corporate administrative expenses (inclusive of legal services, accounting and finance services and other corporate and infrastructure services). Corporate employee salaries and benefits were allocated on the basis of time spent, and corporate administrative expenses were allocated on the basis of relative percentage of services utilized or benefit received. red violet recorded expenses of $325 for the three months ended March 31, 2018 as a result of the allocation of expenses from Fluent. Upon the Spin-off, Fluent no longer allocates any expenses to red violet. In addition, share-based compensation of $344, relating to the share-based awards granted by Fluent prior to the Spin-off, was recorded during the three months ended March 31, 2018.

Leases

Leases	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Leases	13. Leases On January 1, 2019, the Company adopted Leases (Topic 842) using the modified retrospective method applied to all leases existing at the date of initial application. The Company elected the practical expedients to not reassess whether any existing contracts are or contain leases, not reassess the lease classification for any existing leases, and not reassess initial direct costs for any existing leases, upon the adoption of Leases (Topic 842). The Company leases its corporate headquarters of 21,020 rentable square feet in accordance with a non-cancelable 89-month operating lease agreement as amended and effective in January 2017. The Company also leases an additional office space of 6,003 rentable square feet in accordance with a non-cancellable 90-month operating lease agreement entered into in April 2017, with an option to extend for additional 60 months. The extension option is not included in the determination of the lease term as it is not reasonably certain to be exercised. For the year ended December 31, 2019, a summary of the Company’s lease information is shown below: Year Ended (In thousands) December 31, 2019 Lease cost: Operating lease costs $ 672 Other information: Cash paid for operating leases $ 687 Right-of-use assets obtained in exchange for operating lease liabilities $ 3,042 Weighted average discount rate for operating leases (1) 8.0 % (1) The Company used 8.0%, its estimated incremental borrowing rate for similar secured assets, as the discount rate for the leases to determine the present value of the lease payments because the implicit rate in each lease is not readily determinable. The discount rate was calculated on the basis of information available as of January 1, 2019, the application date. As of December 31, 2019, the weighted average remaining operating lease term was 4.8 years. As of December 31, 2019, scheduled future maturities and present value of the operating lease liabilities are as follows: (In thousands) Year December 31, 2019 2020 $ 705 2021 724 2022 743 2023 765 2024 542 2025 and thereafter 77 Total maturities $ 3,556 Present value included in consolidated balance sheet: Current portion of operating lease liabilities $ 491 Noncurrent operating lease liabilities 2,459 Total operating lease liabilities $ 2,950 Difference between the maturities and the present value of operating lease liabilities $ 606

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	14. Commitments and contingencies (a) Capital commitment The Company incurred data costs of $7,507 and $5,550 for the years ended December 31, 2019 and 2018, respectively, under certain data licensing agreements. As of December 31, 2019, future material capital commitments under certain data licensing agreements were $14,773, shown as follows: (In thousands) Year December 31, 2019 2020 $ 7,506 2021 5,615 2022 1,652 Total $ 14,773 (b) Employment agreements We have employment agreements with certain executives, mainly including our Chief Executive Officer, President, Chief Financial Officer and Chief Information Officer, which provide for compensation and certain other benefits and for severance payments under certain circumstances. ( c ) Contingency The Company establishes accruals for those contingencies where the incurrence of a loss is probable and can be reasonably estimated, and it discloses the amount accrued and the amount of a reasonably possible loss in excess of the amount accrued, if such disclosure is necessary for our financial statements to not be misleading. To estimate whether a loss contingency should be accrued by a charge to income, the Company evaluates, among other factors, the degree of probability of an unfavorable outcome and the ability to make a reasonable estimate of the amount of the loss. The Company does not record liabilities when the likelihood that the liability has been incurred is probable, but the amount cannot be reasonably estimated. On June 21, 2018, the U.S. Supreme Court in South Dakota v. Wayfair, Inc. et al, overturned prior law which required physical presence for nexus and endorsed economic nexus as a basis for South Dakota to require online merchants to collect and remit sales taxes, even if the business does not have an in-state physical presence (the "Wayfair Decision"). As of December 31, 2019, the vast majority of states have enacted or announced their own interpretation of the Wayfair Decision. The Company collects and remits sales tax in certain states as a result of the Wayfair Decision and as a result of its continued overall compliance and review practice related to its sales and use tax obligations. Resulting from the finalization and settlement of an open state sales and use tax audit, the Company accrued for a sales and use tax expense of $245 as of December 31, 2019. With this matter now closed, the Company does not expect any adverse decisions related to state sales and use tax that would result in any additional loss. The Company may be involved in litigation from time to time in the ordinary course of business. The Company does not believe that the ultimate resolution of any such matters will have a material adverse effect on its business, financial condition, results of operations or cash flows. However, the results of such matters cannot be predicted with certainty and the Company cannot assure you that the ultimate resolution of any legal or administrative proceeding or dispute will not have a material adverse effect on its business, financial condition, results of operations and cash flows.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Preparation and Liquidity	(a) Basis of preparation and liquidity The accompanying consolidated financial statements have been prepared by red violet in accordance with accounting principles generally accepted in the United States (“US GAAP”). The Company accounted for the Spin-off in accordance with ASC 805-50-30-5 Initial Measurement- Transactions Between Entities Under Common Control Transfer Date Measurement The Company reported a net loss of $11,076 and $6,868 for the years ended December 31, 2019 and 2018, respectively. Net cash provided by operating activities was $1,647 for the year ended December 31, 2019 as compared to net cash used in operating activities of $8,053 for the year ended December 31, 2018. As of December 31, 2019, the Company had an accumulated deficit of $15,860. As of December 31, 2019, the Company had available cash and cash equivalents of $11,776, an increase of $1,826 from $9,950 as of December 31, 2018. Based on this available cash and cash equivalents, and the projections of growth in revenue and operating results in the coming year, the Company believes that it will have sufficient cash resources to finance its operations and expected capital expenditures for the next twelve months. Principles of consolidation The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant transactions among the Company and its subsidiaries have been eliminated upon consolidation. Although the Spin-off was completed on March 26, 2018, the Company has reflected the Spin-off in these financial statements as if it occurred on March 31, 2018 as the Company determined that the impact is not material to the consolidated financial statements. The financial statements present the consolidated results of operations, financial condition, and cash flows of red violet and its subsidiaries. For periods prior to the Spin-off, these financial statements were prepared on a consolidated and combined basis because certain of the entities were under common control. All intercompany accounts and transactions have been eliminated between the consolidated and combined entities. The historical consolidated and combined financial results presented prior to the Spin-off may not be indicative of the results that would have been achieved by the Company had it operated as a separate, standalone entity prior to the Spin-off. The consolidated and combined financial statements presented prior to the Spin-off do not reflect any changes that were expected to occur in the Company’s operations in connection with or as a result of the Spin-off.
Use of Estimates	(b) Use of estimates The preparation of consolidated financial statements in accordance with US GAAP requires red violet’s management to make estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Significant items subject to such estimates and assumptions include the allowance for doubtful accounts, useful lives of property and equipment and intangible assets, recoverability of the carrying amount of goodwill and intangible assets, share-based compensation and income tax provision. These estimates are often based on complex judgments and assumptions that management believes to be reasonable but are inherently uncertain and unpredictable. Actual results could differ from these estimates.
Cash and Cash Equivalents	(c) Cash and cash equivalents Cash and cash equivalents consist of cash on hand and bank deposits with original maturities of three months or less, which are unrestricted as to withdrawal and use. The Company’s cash and bank deposits were held in major financial institutions located in the United States, which management believes have high credit ratings. The cash and bank deposits held in the United States, denominated in USD, amounted to $11,776 and $9,950 as of December 31, 2019 and 2018, respectively. Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, consist principally of cash investments. The Company places its temporary cash instruments with well-known financial institutions within the United States, and, at times, may maintain balances in United States banks in excess of the $250 US Federal Deposit Insurance Corporation insurance limit. The Company monitors the credit ratings of the financial institutions to mitigate this risk.
Accounts Receivable	(d) Accounts receivable Accounts receivable are due from customers and are generally unsecured, which consist of amounts earned but not yet collected. None of the Company’s accounts receivable bear interest. The allowance for doubtful accounts is management’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. Management determines the allowance based on reviews of customer-specific facts and economic conditions. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company does not have any off-balance-sheet credit exposure related to its customers. The amount of the allowance for doubtful accounts was $40 and $77 as of December 31, 2019 and 2018, respectively.
Property and Equipment	(e) Property and equipment Property and equipment are stated at cost, net of accumulated depreciation or amortization. Expenditures for maintenance, repairs, and minor renewals are charged to expense in the period incurred. Betterments and additions are capitalized. Property and equipment are depreciated on the straight-line basis over the estimated useful lives of the assets. Leasehold improvements are depreciated over the shorter of their estimated useful lives or lease terms that are reasonably assured. The estimated useful lives of property and equipment are as follows: Computer and network equipment 5-7 years Furniture, fixtures and office equipment 5 years Leasehold improvements 7 years When items of property and equipment are retired or otherwise disposed of, loss/income is charged or credited for the difference between the net book value and proceeds received thereon.
Intangible Assets Other Than Goodwill	(f) Intangible assets other than goodwill The Company’s intangible assets are initially recorded at the capitalized actual costs incurred, their acquisition cost, or fair value if acquired as part of a business combination, and amortized on a straight-line basis over their respective estimated useful lives, which are the periods over which the assets are expected to contribute directly or indirectly to the future cash flows of the Company. The Company’s intangible assets represent software developed for internal use. Intangible assets have estimated useful lives of 5-10 years. In accordance with ASC 350-40, “Software — Internal use software,” Once the software developed for internal use is ready for its intended use, it is amortized on a straight-line basis over its useful life
Goodwill	(g) Goodwill Goodwill represents the cost in excess of the fair value of the net assets acquired in a business combination. As of December 31, 2019 and 2018, the balance of goodwill of $5,227 was as a result of the acquisition of Interactive Data, LLC (“Interactive Data”), a wholly-owned subsidiary of red violet, effective on October 2, 2014. In accordance with ASC 350, “Intangibles - Goodwill and Other,” The measurement date of our annual goodwill impairment test is October 1. On October 1, 2019 and 2018, the Company performed qualitative assessments on the reporting unit and, based on this assessment, no events have occurred to indicate that it is more likely than not that the fair value of the reporting unit is less than its carry amount. The Company concluded that goodwill was not impaired as of December 31, 2019 and 2018. For purposes of reviewing impairment and the recoverability of goodwill, the Company must make various assumptions regarding estimated future cash flows and other factors in determining the fair values, including market multiples, discount rates, etc.
Impairment of Long-lived Assets	(h) Impairment of long-lived assets Finite-lived intangible assets are amortized over their respective useful lives and, along with other long-lived assets, are evaluated for impairment periodically whenever events or changes in circumstances indicate that their related carrying amounts may not be recoverable in accordance with ASC 360-10-15, “ Impairment or Disposal of Long-Lived Assets. Asset recoverability is an area involving management judgment, requiring assessment as to whether the carrying value of assets can be supported by the undiscounted future cash flows. In calculating the future cash flows, certain assumptions are required to be made in respect of highly uncertain matters such as revenue growth rates, gross margin percentages and terminal growth rates. We concluded there was no impairment as of December 31, 2019 and 2018.
Fair Value of Financial Instruments	(i) Fair value of financial instruments ASC 820, “Fair Value Measurements and Disclosures,” These tiers include: • Level 1 – defined as observable inputs such as quoted prices in active markets; • Level 2 – defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and • Level 3 – defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The fair value of the Company’s cash and cash equivalents, receivables and payables approximate their carrying amount because of the short-term nature of these instruments.
Revenue Recognition	(j) Revenue recognition On January 1, 2018, the Company adopted ASC 606, “Revenue from Contracts with Customers,” Revenue is generally recognized on (a) a transactional basis determined by the customers’ usage, (b) a monthly fee or (c) a combination of both. Revenue pursuant to transactions determined by the customers’ usage is recognized when the transaction is complete, and either party may terminate the transactional agreement at any time. Revenue pursuant to contracts containing a monthly fee is recognized ratably over the contract period, which is generally 12 months, and the contract shall automatically renew for additional, successive 12-month terms unless written notice of intent not to renew is provided by one party to the other at least 30 days or 60 days prior to the expiration of the then current term. The Company’s revenue is recorded net of applicable sales taxes billed to customers. Available within Topic 606, the Company has applied the portfolio approach practical expedient in accounting for customer revenue as one collective group, rather than individual contracts. Based on the Company’s historical knowledge of the contracts contained in this portfolio and the similar nature and characteristics of the customers, the Company has concluded the financial statement effects are not materially different than if accounting for revenue on a contract by contract basis. Revenue is recognized over a period of time since the performance obligation is delivered in a series. The Company’s customers simultaneously receive and consume the benefits provided by the Company’s performance as and when provided. Furthermore, the Company has elected the “right to invoice” practical expedient, available within Topic 606, as its measure of progress, since it has a right to payment from a customer in an amount that corresponds directly with the value of its performance completed-to-date. The Company's revenue arrangements do not contain significant financing components. For the years ended December 31, 2019 and 2018, 65% and 58% of total revenue was attributable to customers with pricing contracts, respectively, versus 35% and 42% attributable to transactional customers, respectively. Pricing contracts are generally annual contracts or longer, with auto renewal. If a customer pays consideration before the Company transfers services to the customer, those amounts are classified as deferred revenue. As of December 31, 2019 and 2018, the balance of deferred revenue was $128 and $26, respectively, all of which is expected to be realized in the next 12 months. In relation to the deferred revenue balance as of December 31, 2018, $26 was recognized into revenue during the year ended December 31, 2019. As of December 31, 2019, $2,929 of revenue is expected to be recognized in the future for performance obligations that are unsatisfied or partially unsatisfied, related to pricing contracts that have a term of more than 12 months. $1,820 of revenue will be recognized in 2020, $1,106 in 2021, and $3 in 2022. The actual timing of recognition may vary due to factors outside of the Company’s control. The Company excludes variable consideration related entirely to wholly unsatisfied performance obligations and contracts and recognizes such variable consideration based upon the right to invoice the customer. Sales commissions are incurred and recorded on an ongoing basis over the term of the customer relationship. These costs are recorded in sales and marketing expenses. In addition, the Company elected the practical expedient to not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which it has the right to invoice for services performed.
Cost of Revenue (Exclusive of Depreciation and Amortization)	(k) Cost of revenue (exclusive of depreciation and amortization) Our cost of revenue primarily includes data acquisition costs and other cost of revenue. Data acquisition costs consist primarily of the costs to acquire data either on a transactional basis or through flat-fee data licensing agreements, including unlimited usage agreements. Data acquisition costs are recognized based on a straight-line amortization method. Other cost of revenue includes expenses related to third-party infrastructure fees.
Advertising and Promotion Costs	(l) Advertising and promotion costs Advertising and promotion costs are charged to operations as incurred. Advertising and promotion costs, included in sales and marketing expenses amounted to $108 and $198 for the years ended December 31, 2019 and 2018, respectively.
Share-based Compensation	(m) Share-based compensation The Company accounts for share-based compensation to employees in accordance with ASC 718, “Compensation—Stock Compensation.” The estimated number of stock awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from our current estimates, such amount will be recorded as a cumulative adjustment in the period estimates are revised. Changes in our estimates and assumptions may cause us to realize material changes in share-based compensation expense in the future. The Company has issued share-based awards with performance-based vesting criteria. Achievement of the milestones must be probable before the Company begin s recording share-based compensation expense. When the performance-based vesting criteria is considered probable, the Company begin s to recognize compensation expense at that time. In the period that achievement of the performance-based criteria is deemed probable, US GAAP requires the immediate recognition of all previously unrecognized compensation since the original grant date. As a result, compensation expense recorded in the period that achievement is deemed probable could include a substantial amount of previously unrecorded compensation expense related to the prior periods. F or any share-based awards where performance-based vesting criteria is no longer considered probable, previously recognized compensation cost w ould be reversed. As of December 31, 2019, the Company has deemed the achievement of the performance-based criteria to be probable for all share-based awards with performance-based vesting criteria. The Company applies ASU 2018-07, “ Improvements to Nonemployee Share-Based Payment Accounting Compensation – Stock Compensation Equity-Based Payments to Non-employees
Income Taxes	(n) Income taxes The Company accounts for income taxes in accordance with ASC 740, “Income Taxes,” The effect on deferred tax assets and liabilities of a change in tax rates or laws is recognized in income in the period that the change in tax rates or laws is enacted. A valuation allowance is provided to reduce the amount of deferred tax assets if it is considered more likely than not that some portion or all of the deferred tax assets will not be realized. ASC 740 clarifies the accounting for uncertain tax positions. This interpretation requires that an entity recognizes in the consolidated financial statements the impact of a tax position, if that position is more likely than not of being sustained upon examination, based on the technical merits of the position. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company’s accounting policy is to accrue interest and penalties related to uncertain tax positions, if and when required, as interest expense and a component of other expenses, respectively, in the consolidated statements of operations.
Loss Per Share	(o) Loss per share Basic loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the periods. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock and is calculated using the treasury stock method for stock options and unvested shares. Common equivalent shares are excluded from the calculation in the loss periods as their effects would be anti-dilutive.
Contingencies	(p) Contingencies In the ordinary course of business, the Company is subject to loss contingencies that cover a wide range of matters. An estimated loss from a loss contingency such as a legal proceeding or claim is accrued if it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. In determining whether a loss should be accrued, the Company evaluates, among other factors, the degree of probability and the ability to make a reasonable estimate of the amount of loss.
Segment Reporting	(q) Segment reporting The Company has only one operating segment, as defined by ASC 280, “Segment Reporting.”
Significant Concentrations and Risks	(r) Significant concentrations and risks Concentration of credit risk Assets that potentially subject the Company to significant concentration of credit risk primarily consist of cash and cash equivalents, and accounts receivable. As of December 31, 2019 and 2018, all of the Company’s cash and cash equivalents were deposited in financial institutions located in the United States, which management believes are of high credit quality. Accounts receivable are typically unsecured and are derived from revenue earned from customers. The risk with respect to accounts receivable is mitigated by credit evaluations the Company performs on its customers and its ongoing monitoring process of outstanding balances. Concentration of customers For the years ended December 31, 2019 and 2018, one individual customer accounted for 15% and 11% of the total revenue, respectively. As of December 31, 2019 and 2018, there was no individual customer that accounted for more than 10% Concentration of suppliers Our products and services depend extensively upon continued access to and receipt of data from external sources, including data received from the major credit bureaus, including our largest data supplier. The Company’s other data suppliers include strategic partners, as well as various government and public records repositories. Our largest data supplier, with whom we have expanded our relationship while securing what we believe to be favorable business terms over the years, accounted for approximately 40% of our total data acquisition costs for the year ended December 31, 2019, compared to approximately 46% for the year ended December 31, 2018. The initial term of the agreement, as amended, with this supplier ends April 30, 2022, and continues thereafter on a month-to-month basis unless and until either party provides the other with a minimum of 30 days’ written notice of termination. During the term of the agreement, either party has the right to terminate the agreement: (i) in the event of the other party’s failure to cure a material breach, and (ii) in the event of the other party’s insolvency. In addition, this supplier may terminate this agreement by providing not less than 150 days’ advance written notice to us and we may terminate this agreement by providing not less than 24 months’ advance written notice to this supplier. The remaining minimum purchase commitments through the end of the initial term is $10.4 million. If we are unable to maintain our relationship with our largest data supplier, our ability to provide products and services could be negatively impacted, as we would need to secure comparable data on similar terms, which would require significant time, expense, and resources, and may in the short-term adversely affect our reputation, business, financial condition and results of operations and, if we are unable to establish a similar relationship with other data suppliers over time, could have a long-term material impact on our business and financial condition. As of December 31, 2019 and 2018, among data suppliers, one data supplier accounted for 43% and 42% of the Company’s total accounts payable, respectively.
Recently Issued Accounting Standards	(s) Recently issued accounting standards As an emerging growth company, the Company has left open the opportunity to take advantage of the extended transition period provided to emerging growth companies in Section 13(a) of the Exchange Act, however, it is the Company’s present intention to adopt any applicable new accounting standards timely. In February 2016, Financial Accounting Standard Board (“FASB”) issued Accounting Standard Updates (“ASU”) No. 2016-02 (“ASU 2016-02”), “Leases (Topic 842),” which generally requires companies to recognize operating and financing lease liabilities and corresponding right-of-use assets on the balance sheet. In July 2018, FASB issued ASU No. 2018-10, “Codification Improvements to Topic 842, Leases,” and ASU No. 2018-11, “Leases (Topic 842): Targeted Improvements.” Topic 842 is effective for public entities and private entities in the first quarter of 2019 and the first quarter of 2020, respectively, on a modified retrospective basis. The Company adopted Topic 842 in the first quarter of 2019. The Company recorded a right-of-use asset and a total operating lease obligation on its consolidated balance sheet of approximately $3.0 million and $3.4 million, respectively, upon the adoption. Refer to Note 13, Leases, for further details. In June 2016, FASB issued ASU No. 2016-13 (“ASU 201 6 -1 3 ”) , “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” In November 2018, FASB issued ASU No. 2018-19, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses,” which amends the scope and transition requirements of ASU 2016-13. Topic 326 requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect the collect ab ility of the reported amount. Topic 326 will become effective for public companies beginning January 1, 2020 , with early adoption permitted, on a modified retrospective approach. Based on our preliminary evaluation, t he Company does not expect this guidance will have a material impact on its c onsolidated f inancial s tatements and related disclosures . In August 2018, FASB issued ASU No. 2018-15 (“ASU 2018-15”), “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract,”

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Estimated Useful Lives of Property and Equipment	The estimated useful lives of property and equipment are as follows: Computer and network equipment 5-7 years Furniture, fixtures and office equipment 5 years Leasehold improvements 7 years

Loss Per Share (Tables)

Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Loss Per Share	For the years ended December 31, 2019 and 2018, the basic and diluted loss per share was as follows: Year Ended December 31, (In thousands, except share data) 2019 2018 Numerator: Net loss $ (11,076 ) $ (6,868 ) Denominator: Weighted average shares outstanding - Basic and diluted (1) 10,762,881 10,266,613 Loss per share: Basic and diluted: $ (1.03 ) $ (0.67 ) (1) Prior to the Spin-off, the financial information of red violet represented the consolidated and combined figures of red violet and its subsidiaries. red violet only had 1,000 shares of common stock outstanding, all of which Fluent owned. On March 26, 2018, upon the Spin-off of red violet, an aggregate of 10,266,613 shares of red violet common stock were distributed to Fluent stockholders and certain warrant holders. This number of shares remained outstanding at December 31, 2018, and it is utilized to calculate the basic and diluted loss per share for the year ended December 31, 2018.

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Summary of Accounts Receivable, Net	Accounts receivable, net consist of the following: (In thousands) December 31, 2019 December 31, 2018 Accounts receivable $ 3,583 $ 2,342 Less: Allowance for doubtful accounts (40 ) (77 ) Total accounts receivable, net $ 3,543 $ 2,265
Summary of Movement of Allowance for Doubtful Accounts	The movement of allowance for doubtful accounts is shown below: Year Ended December 31, (In thousands) 2019 2018 Beginning balance $ 77 $ 228 Charges to expenses 582 294 Write-offs (619 ) (445 ) Ending balance $ 40 $ 77

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Property and Equipment, Net	Property and equipment, net consist of the following: (In thousands) December 31, 2019 December 31, 2018 Computer and network equipment $ 749 $ 680 Furniture, fixtures and office equipment 708 803 Leasehold improvements 53 53 Total cost 1,510 1,536 Less: Accumulated depreciation (850 ) (684 ) Property and equipment, net $ 660 $ 852

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2019
Intangible Assets Net Excluding Goodwill [Abstract]
Intangible Assets Other than Goodwill	Intangible assets other than goodwill consist of the following: December 31, 2019 December 31, 2018 (In thousands) Amortization Period Gross Amount Accumulated Amortization Net Gross Amount Accumulated Amortization Net Software developed for internal use 5-10 years $ 29,690 $ (5,656 ) $ 24,034 $ 22,990 $ (3,019 ) $ 19,971
Schedule of Estimated Amortization Expenses	As of December 31, 2019, estimated amortization expenses related to the Company’s intangible assets for 2020 through 2025 and thereafter are as follows: (In thousands) Year December 31, 2019 2020 $ 3,729 2021 3,898 2022 3,896 2023 3,820 2024 3,180 2025 and thereafter 5,511 Total $ 24,034

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Payables And Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consist of the following: (In thousands) December 31, 2019 December 31, 2018 Employees compensation expenses $ 877 $ 284 Accrued data acquisition costs 142 273 Sales tax payable 447 - Deferred rent - 345 Litigation settlement payable - 175 Miscellaneous expenses payable 105 200 Total $ 1,571 $ 1,277

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of Benefit for Income Taxes	The Company is subject to federal and state income taxes in the United States. The income taxes on loss before income taxes consisted of the following: Year Ended December 31, (In thousands) 2019 2018 Current Federal and state $ - $ - Deferred Federal (2,449 ) 7,979 State (359 ) 1,543 Valuation allowance 2,808 (9,522 ) - - Provision for income tax $ - $ -
Reconciliation of Effective Income Tax Benefit	The Company’s effective income tax benefit differed from the U.S. corporate statutory income tax rate for the years ended December 31, 2019 and 2018. A reconciliation is as follows: Year Ended December 31, (In thousands) 2019 2018 Tax on loss before income taxes $ (2,326 ) 21 % $ (1,442 ) 21.0 % Effect of state taxes (net of federal tax benefit) (359 ) 3 % 1,543 -22.5 % Excess tax benefit from share-based compensation (672 ) 6 % - - Nondeductible executive compensation 669 -6 % - - Other permanent differences (120 ) 1 % 11 -0.2 % Effect of the Spin-off from Fluent - - 9,410 -137.0 % Valuation allowance 2,808 -25 % (9,522 ) 138.7 % Income tax benefit $ - 0.0 % $ - 0.0 %
Schedule of Components of Deferred Tax Assets and Liabilities	Components of deferred tax assets and liabilities consist of the following: (In thousands) December 31, 2019 December 31, 2018 Deferred tax assets: Net operating loss carryforwards $ 6,711 $ 3,836 Share-based compensation 1,135 128 Accounts receivable 10 18 Accrued expenses and other current liabilities 114 128 7,970 4,110 Valuation allowance (5,126 ) (2,318 ) 2,844 1,792 Deferred tax liabilities: Intangible assets 2,724 1,660 Property and equipment 120 132 2,844 1,792 Net deferred income tax $ - $ -

Share-based Compensation (Table

Share-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Unvested Restricted Stock Units	Details of unvested RSUs activity during the years ended December 31, 2018 and 2019 were as follows: Number of units Weighted average grant-date fair value Unvested as of December 31, 2017 - $ - Granted (1) 2,145,500 $ 7.65 Forfeited (24,500 ) $ 7.53 Unvested as of December 31, 2018 2,121,000 $ 7.65 Granted (1)(2) 917,500 $ 10.67 Vested and delivered (607,152 ) $ 7.62 Withheld as treasury stock (3) (103,147 ) $ 7.75 Vested not delivered (12,250 ) $ 6.13 Forfeited (78,124 ) $ 8.26 Unvested as of December 31, 2019 2,237,827 $ 8.88 (1) On September 5, 2018 and January 16, 2019, the Company granted an aggregate of 1,487,500 RSUs (included in “ Grant ed ” during the year ended December 31, 2018 above) and 90,000 RSUs (included in “Granted” during the year ended December 31, 201 9 above ), respectively, subject to both time- and performance-based requirements, to certain of its employees and directors, at a grant date fair value of $ 7.69 per share and $ 7.25 per share, respectively, with a three-year vesting period. Such RSU grants shall not vest unless and until the Company has, for any fiscal quarter in which the RSUs are outstanding, (i) gross revenue determined in accordance with the Company’s reviewed or audited financial statements in excess of $ 7.0 million for such fiscal quarter, (ii) positive adjusted EBITDA , as determined based on amounts derived from the Company’s reviewed or audited financial statements for such fiscal quarter, and (iii) the participant continues to provide services to the Company either as an employee, director or consultant on the last day of the quarter that the performance criteria are met (collectively, the “2018 Performance Criteria”). Provided the 2018 Performance Criteria are met, the RSUs will vest in accordance with the time-based requirements contained in the award agreement over three years. In the event of a change of control, all RSUs which have not vested on the date of such change of control shall immediately vest even if the 2018 Performance Criteria have not been met. As of June 30, 2019, the Company determined that the 2018 Performance Criteria were met and expects to issue shares underlying the RSUs in accordance with the continuing time-based vesting requirement. As a result of meeting the 2018 Performance Criteria as of June 30, 2019, the Company recognized a total of $7,724 of share-based compensation expense relating to RSUs with the 2018 Performance Criteria for the year ended December 31, 2019. Of the $7,724 recognized, $2,174 represented a catch-up of unamortized expense from September 5, 2018 through December 31, 2018, which was not recognized in prior periods because the Company determined at each period end that it was not probable that the 2018 Performance Criteria would be met. (2) On August 28, 2019 and October 28, 2019, the Company granted an aggregate of 681,000 RSUs, subject to both time- and performance-based requirements, to certain employees, at a grant date fair value of $11.42 per share and $16.42 per share, respectively, with time vesting periods of either three or four years. Such RSU grants shall not vest unless and until the Company has, for any fiscal quarter in which the RSUs are outstanding, (i) gross revenue determined in accordance with the Company’s reviewed or audited financial statements in excess of (a) $10.0 million for such fiscal quarter and positive adjusted EBITDA of at least $1.5 million, as determined based on amounts derived from the Company’s reviewed or audited financial statements for such fiscal quarter for 256,000 RSUs, and (b) $12.5 million for such fiscal quarter and positive adjusted EBITDA of at least $2.0 million, as determined based on amounts derived from the Company’s reviewed or audited financial statements for such fiscal quarter for 425,000 RSUs, and (ii) the recipient continues to provide services to the Company either as an employee, director or consultant on the last day of the quarter that the performance criteria is met (collectively, the “2019 Performance Criteria”). Provided the respective 2019 Performance Criteria are met, the RSUs will vest in accordance with the time-based requirements contained in the award agreement over three or four years. In the event of a change of control, all RSUs which have not vested on the date of such change of control shall immediately vest even if the 2019 Performance Criteria have not been met. (3) The increase in treasury stock was due to shares withheld to pay statutory taxes upon the vesting of RSUs during the year ended December 31, 2019. Refer to Note 10 for details.
Summary of Allocated Share-based Compensation	Share-based compensation was allocated to the following accounts in the consolidated financial statements for the years ended December 31, 2019 and 2018: Year Ended December 31, (In thousands) 2019 2018 Sales and marketing expenses $ 454 $ 158 General and administrative expenses 9,459 551 Share-based compensation expense 9,913 709 Capitalized in intangible assets 788 437 Total $ 10,701 $ 1,146

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Summary of Company's Lease Information	For the year ended December 31, 2019, a summary of the Company’s lease information is shown below: Year Ended (In thousands) December 31, 2019 Lease cost: Operating lease costs $ 672 Other information: Cash paid for operating leases $ 687 Right-of-use assets obtained in exchange for operating lease liabilities $ 3,042 Weighted average discount rate for operating leases (1) 8.0 % (1) The Company used 8.0%, its estimated incremental borrowing rate for similar secured assets, as the discount rate for the leases to determine the present value of the lease payments because the implicit rate in each lease is not readily determinable. The discount rate was calculated on the basis of information available as of January 1, 2019, the application date.
Scheduled Future Maturities and Present Value of Operating Lease Liabilities	As of December 31, 2019, scheduled future maturities and present value of the operating lease liabilities are as follows: (In thousands) Year December 31, 2019 2020 $ 705 2021 724 2022 743 2023 765 2024 542 2025 and thereafter 77 Total maturities $ 3,556 Present value included in consolidated balance sheet: Current portion of operating lease liabilities $ 491 Noncurrent operating lease liabilities 2,459 Total operating lease liabilities $ 2,950 Difference between the maturities and the present value of operating lease liabilities $ 606

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Future Minimum Capital Payments under Certain Data Licensing Agreements	The Company incurred data costs of $7,507 and $5,550 for the years ended December 31, 2019 and 2018, respectively, under certain data licensing agreements. As of December 31, 2019, future material capital commitments under certain data licensing agreements were $14,773, shown as follows: (In thousands) Year December 31, 2019 2020 $ 7,506 2021 5,615 2022 1,652 Total $ 14,773

Principal Activities and Orga_2

Principal Activities and Organization - Additional Information (Details)	12 Months Ended
	Dec. 31, 2019Segment	Mar. 26, 2018shares
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Operating segments | Segment	1
Spin-off completed date	Mar. 26, 2018
Spin-off record date	Mar. 19, 2018
Common stock distribution ratio at spin-off	13.33%
Common stock shares distributed at spin-off | shares		10,266,613

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details)	12 Months Ended
	Dec. 31, 2019USD ($)SegmentCustomerSupplier	Dec. 31, 2018USD ($)CustomerSupplier	Mar. 31, 2019USD ($)	Dec. 31, 2017USD ($)
Summary Of Significant Accounting Policies [Line Items]
Net loss	$ 11,076,000	$ 6,868,000
Net cash (used) in operating activities	1,647,000	(8,053,000)
Accumulated deficit	15,860,000	4,784,000
Cash and cash equivalents	11,776,000	9,950,000
Net increase in cash and cash equivalents	$ 1,826,000
Spin-off completed date	Mar. 26, 2018
Cash and cash equivalents maturity description	three months or less
FDIC Insurance limit	$ 250,000
Allowance for doubtful accounts	40,000	77,000		$ 228,000
Goodwill	5,227,000	5,227,000
Goodwill impairment	0	0
Impairment of long lived assets	$ 0	0
Deferred revenue recognition period	12 months
Additional automatic renewal period of contract	12 months
Description of written notice of intent for renewal of contract term	Revenue pursuant to contracts containing a monthly fee is recognized ratably over the contract period, which is generally 12 months, and the contract shall automatically renew for additional, successive 12-month terms unless written notice of intent not to renew is provided by one party to the other at least 30 days or 60 days prior to the expiration of the then current term.
Deferred revenue	$ 128,000	26,000
Deferred revenue realization period	12 months
Revenue recognized, previously reported as deferred	$ 26,000
Estimated revenue expected to be recognized in the future	$ 2,929,000
Period over which subscription contract terms exceed	12 months
Advertising and promotion costs	$ 108,000	$ 198,000
Percentage of tax benefits likelihood of being realized upon settlement of tax authority	greater than 50%
Operating segments | Segment	1
Right of use assets	$ 2,620,000
Total operating lease obligation	$ 2,950,000
ASU 2016-02
Summary Of Significant Accounting Policies [Line Items]
Right of use assets			$ 3,000,000
Total operating lease obligation			$ 3,400,000
Customer Concentration Risk | Sales Revenue, Net
Summary Of Significant Accounting Policies [Line Items]
Major customers | Customer	1
Concentration risk	15.00%	11.00%
Customer Concentration Risk | Accounts Receivable
Summary Of Significant Accounting Policies [Line Items]
Major customers | Customer	0	0
Concentration risk	10.00%	10.00%
Supplier Concentration Risk
Summary Of Significant Accounting Policies [Line Items]
Initial term of agreement expiration date with supplier	Apr. 30, 2022
Each party's written notice of termination after the initial term	30 days
The Company's written notice of termination during the initial term	24 months
Supplier's written notice of termination during the initial term	150 days
Remaining minimum purchase commitments through end of initial term	$ 10,400,000
Supplier Concentration Risk | Cost of Total Data Acqusition
Summary Of Significant Accounting Policies [Line Items]
Concentration risk	40.00%	46.00%
Supplier Concentration Risk | Total Accounts Payable | Data Supplier One
Summary Of Significant Accounting Policies [Line Items]
Concentration risk	43.00%	42.00%
Number of major suppliers | Supplier	1	1
Customers With Pricing Contracts
Summary Of Significant Accounting Policies [Line Items]
Percentage of Revenue	65.00%	58.00%
Transactional Customers
Summary Of Significant Accounting Policies [Line Items]
Percentage of Revenue	35.00%	42.00%
Interactive Data
Summary Of Significant Accounting Policies [Line Items]
Goodwill	$ 5,227,000	$ 5,227,000
Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life of intangible assets	5 years
Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life of intangible assets	10 years
United States
Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents	$ 11,776,000	$ 9,950,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Estimated Useful Lives of Property and Equipment (Details)	12 Months Ended
	Dec. 31, 2019
Computer and Network Equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated life of property and equipment	5 years
Computer and Network Equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated life of property and equipment	7 years
Furniture, Fixtures and Office Equipment
Property, Plant and Equipment [Line Items]
Estimated life of property and equipment	5 years
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Estimated life of property and equipment	7 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Additional Information (Details 1) $ in Thousands	Dec. 31, 2019USD ($)
Summary Of Significant Accounting Policies [Line Items]
Estimated revenue expected to be recognized in the future	$ 2,929
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-01-01
Summary Of Significant Accounting Policies [Line Items]
Estimated revenue expected to be recognized in the future	$ 1,820
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-01-01
Summary Of Significant Accounting Policies [Line Items]
Estimated revenue expected to be recognized in the future	$ 1,106
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-01-01
Summary Of Significant Accounting Policies [Line Items]
Estimated revenue expected to be recognized in the future	$ 3
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year

Loss Per Share - Schedule of Ba

Loss Per Share - Schedule of Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Abstract]
Net loss	$ (11,076)	$ (6,868)
Weighted average shares outstanding - Basic and diluted	10,762,881	10,266,613
Loss per share:
Basic and diluted:	$ (1.03)	$ (0.67)

Loss Per Share - Schedule of _2

Loss Per Share - Schedule of Basic and Diluted Loss Per Share (Parenthetical) (Details) - shares	Dec. 31, 2019	Dec. 31, 2018	Mar. 26, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Common stock, shares outstanding	11,554,765	10,266,613		1,000
Common stock shares distributed at spin-off			10,266,613

Loss Per Share - Additional Inf

Loss Per Share - Additional Information (Details) - Restricted Stock Units (RSUs) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Line Items]
Shares excluded from the diluted loss per share calculation	2,237,827	2,121,000
Shares vested but not delivered excluded from the diluted loss per share calculation	12,250

Accounts Receivable, Net - Summ

Accounts Receivable, Net - Summary of Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Receivables [Abstract]
Accounts receivable	$ 3,583	$ 2,342
Less: Allowance for doubtful accounts	(40)	(77)	$ (228)
Total accounts receivable, net	$ 3,543	$ 2,265

Accounts Receivable, Net - Su_2

Accounts Receivable, Net - Summary of Movement of Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Beginning balance	$ 77	$ 228
Charges to expenses	582	294
Write-offs	(619)	(445)
Ending balance	$ 40	$ 77

Accounts Receivable, Net - Addi

Accounts Receivable, Net - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Provision for bad debts	$ 582	$ 294

Property and Equipment, Net - P

Property and Equipment, Net - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total cost of property and equipment	$ 1,510	$ 1,536
Less: Accumulated depreciation	(850)	(684)
Property and equipment, net	660	852
Computer and Network Equipment
Property, Plant and Equipment [Line Items]
Total cost of property and equipment	749	680
Furniture, Fixtures and Office Equipment
Property, Plant and Equipment [Line Items]
Total cost of property and equipment	708	803
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Total cost of property and equipment	$ 53	$ 53

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Property Plant And Equipment [Abstract]
Depreciation of property and equipment	$ 252	$ 266

Intangible Assets, Net - Intang

Intangible Assets, Net - Intangible Assets Other than Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Finite Lived Intangible Assets [Line Items]
Intangible Assets, Net	$ 24,034	$ 19,971
Minimum
Finite Lived Intangible Assets [Line Items]
Amortization Period	5 years
Maximum
Finite Lived Intangible Assets [Line Items]
Amortization Period	10 years
Software Developed for Internal Use
Finite Lived Intangible Assets [Line Items]
Intangible Assets, Gross Amount	$ 29,690	22,990
Intangible Assets, Accumulated Amortization	(5,656)	(3,019)
Intangible Assets, Net	$ 24,034	$ 19,971
Software Developed for Internal Use | Minimum
Finite Lived Intangible Assets [Line Items]
Amortization Period	5 years
Software Developed for Internal Use | Maximum
Finite Lived Intangible Assets [Line Items]
Amortization Period	10 years

Intangible Assets, Net - Additi

Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Finite Lived Intangible Assets [Line Items]
Amortization expenses	$ 2,637	$ 1,730
Internally-developed Software
Finite Lived Intangible Assets [Line Items]
Intangible assets that have not started amortization	3,479
Capitalized costs of internally-developed software	$ 6,700	$ 6,348

Intangible Assets, Net - Schedu

Intangible Assets, Net - Schedule of Estimated Amortization Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Intangible Assets Net Excluding Goodwill [Abstract]
2020	$ 3,729
2021	3,898
2022	3,896
2023	3,820
2024	3,180
2025 and thereafter	5,511
Intangible Assets, Net	$ 24,034	$ 19,971

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Payables And Accruals [Abstract]
Employees compensation expenses	$ 877	$ 284
Accrued data acquisition costs	142	273
Sales tax payable	447
Deferred rent		345
Litigation settlement payable		175
Miscellaneous expenses payable	105	200
Total	$ 1,571	$ 1,277

Other Income, Net - Additional

Other Income, Net - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)
Other Income And Expenses [Abstract]
Transition service income	$ 218
Insurance proceeds	$ 350

Income Taxes - Schedule of Bene

Income Taxes - Schedule of Benefit for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Deferred
Federal	$ (2,449)	$ 7,979
State	(359)	1,543
Valuation allowance	$ 2,808	$ (9,522)

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Benefit Differed from Statutory Federal Income Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation [Abstract]
Tax on loss before income taxes	$ (2,326)	$ (1,442)
Effect of state taxes (net of federal tax benefit)	(359)	1,543
Excess tax benefit from share-based compensation	(672)
Nondeductible executive compensation	669
Other permanent differences	(120)	11
Effect of the Spin-off from Fluent		9,410
Valuation allowance	$ 2,808	$ (9,522)
Tax on loss before income taxes	21.00%	21.00%
Effect of state taxes (net of federal tax benefit)	3.00%	(22.50%)
Excess tax benefit from share-based compensation	6.00%
Nondeductible executive compensation	(6.00%)
Other permanent differences	1.00%	(0.20%)
Effect of the Spin-off from Fluent		(137.00%)
Valuation allowance	(25.00%)	138.70%
Income tax benefit	0.00%	0.00%

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Net operating loss carryforwards	$ 6,711	$ 3,836
Share-based compensation	1,135	128
Accounts receivable	10	18
Accrued expenses and other current liabilities	114	128
Deferred tax assets, gross, Total	7,970	4,110
Valuation allowance	(5,126)	(2,318)
Deferred tax assets, net of valuation allowance	2,844	1,792
Deferred tax liabilities:
Intangible assets	2,724	1,660
Property and equipment	120	132
Deferred tax liabilities, gross, Total	$ 2,844	$ 1,792

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Taxes [Line Items]
Operating loss carryforward, expiration year	2034
Operating loss carryforwards valuation allowance	$ 5,126,000	$ 2,318,000
(Decrease) increase in valuation allowance	$ 2,808,000	(9,522,000)
Percentage of tax benefits likelihood of being realized upon settlement of tax authority	greater than 50%
Unrecognized tax benefits	$ 0	0
Domestic Tax Authority
Income Taxes [Line Items]
Net operating loss carryforwards	27,886,000
Net operating loss carryforwards, carried forward indefinitely	20,342,000	$ 20,342,000
State and Local Jurisdiction
Income Taxes [Line Items]
Net operating loss carryforwards	$ 18,729,000

Common Stock and Preferred St_2

Common Stock and Preferred Stock - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Mar. 26, 2018
Equity [Line Items]
Common stock, shares authorized	200,000,000	200,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	11,657,912	10,266,613
Treasury Stock, issued	103,147	0
Spin-off transaction completed date	Mar. 26, 2018
Spin-off transaction record date	Mar. 19, 2018
Common stock shares distributed at spin-off			10,266,613
Issuance of common stock upon direct offering to certain investors, net of issuance costs	681,000
Common Stock Issuance Price	$ 11
Proceeds from issuance of shares, net of issuance costs	$ 7,436
Treasury Stock, Value	$ 1,255
Treasury Stock, Shares	103,147	0
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Stock
Equity [Line Items]
Vesting of restricted stock units, Shares	710,299
Treasury Stock
Equity [Line Items]
Increase in treasury stock resulting from shares withheld to cover statutory taxes, Shares	103,147

Share-based Compensation - Addi

Share-based Compensation - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Mar. 22, 2018
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized share-based compensation costs in respect of granted RSUs	$ 15,496
Unrecognized share-based compensation remaining weighted average period	2 years 3 months 18 days
2018 Stock Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of common stock authorized		3,000,000
Common stock available for future issuance	39,624

Share-based Compensation - Sche

Share-based Compensation - Schedule of Unvested RSU Activity (Detail) - Restricted Stock Units (RSUs) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested, Number of units Beginning balance	2,121,000
Granted, Number of units	917,500	2,145,500
Vested and delivered, Number of units	(607,152)
Withheld as treasury stock, Number of units	(103,147)
Vested not delivered, Number of units	(12,250)
Forfeited, Number of units	(78,124)	(24,500)
Unvested, Number of units Ending balance	2,237,827	2,121,000
Unvested, Weighted average grant-date fair value, Beginning balance	$ 7.65
Granted, Weighted average grant-date fair value	10.67	$ 7.65
Vested and delivered, Weighted average grant-date fair value	7.62
Withheld as treasury stock, Weighted average grant-date fair value	7.75
Vested not delivered, Weighted average grant-date fair value	6.13
Forfeited, Weighted average grant-date fair value	8.26	7.53
Unvested, Weighted average grant-date fair value, Ending balance	$ 8.88	$ 7.65

Share-based Compensation - Sc_2

Share-based Compensation - Schedule of Unvested RSU Activity (Parenthetical) (Detail) - USD ($) $ / shares in Units, $ in Thousands	Oct. 28, 2019	Aug. 28, 2019	Jan. 16, 2019	Sep. 05, 2018	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Amortization of share based compensation expense						$ 9,913	$ 709
2018 Stock Incentive Plan | Performance Based Restricted Stock Units | Employees and directors
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock units granted			90,000	1,487,500
Grant date fair value per share			$ 7.25	$ 7.69
Vesting period			3 years	3 years
Gross revenue threshold limit for vesting of grants				$ 7,000
2018 Stock Incentive Plan | Performance Based Restricted Stock Units | Employees
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock units granted	681,000	681,000
Grant date fair value per share	$ 16.42	$ 11.42
Amortization of share based compensation expense						1,345
2018 Stock Incentive Plan | Performance Based Restricted Stock Units | Employees | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock units granted	425,000	425,000
Vesting period	3 years	3 years
Gross revenue threshold limit for vesting of grants	$ 10,000	$ 10,000
Positive adjusted EBITDA threshold limit for vesting of grants	$ 1,500	$ 1,500
2018 Stock Incentive Plan | Performance Based Restricted Stock Units | Employees | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock units granted	256,000	256,000
Vesting period	4 years	4 years
Gross revenue threshold limit for vesting of grants	$ 12,500	$ 12,500
Positive adjusted EBITDA threshold limit for vesting of grants	$ 2,000	$ 2,000
2018 Stock Incentive Plan | Performance Based Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Amortization of share based compensation expense						$ 7,724
Unamortized expense of stock based compensation					$ 2,174

Share-based Compensation - Summ

Share-based Compensation - Summary of Allocated Share-based Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share-based compensation recognized
Share-based compensation expense	$ 9,913	$ 709
Capitalized in intangible assets	788	437
Total	10,701	1,146
Sales and Marketing Expenses
Share-based compensation recognized
Share-based compensation expense	454	158
General and Administrative Expenses
Share-based compensation recognized
Share-based compensation expense	$ 9,459	$ 551

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($) $ in Thousands	Aug. 07, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Share-based compensation expense			$ 9,913	$ 709
Share-based compensation amount			10,701	1,146
Services Agreement | Michael Brauser-Former Executive Chairman
Related Party Transaction [Line Items]
Term of agreement, related party	1 year
Renewal term of agreement, related party	1 year
Consulting service fee monthly payment	$ 30
Consulting service fee recognized amount			360	$ 180
Consulting service fee bonus payment			150
Services Agreement | Michael Brauser-Former Executive Chairman | Restricted Stock Units (RSUs)
Related Party Transaction [Line Items]
Share-based compensation expense			$ 1,801
Fluent, Inc.
Related Party Transaction [Line Items]
Allocation of expenses from Fluent		$ 325
Share-based compensation amount		$ 344

Leases - Additional Information

Leases - Additional Information (Details) - ft²	12 Months Ended
	Dec. 31, 2019	Apr. 30, 2017	Jan. 31, 2017
Leases [Abstract]
Operating leases rentable square feet		6,003	21,020
Operating lease agreement		90 months	89 months
Operating lease, existence of option to extend	true
Operating lease, extended term		60 months
Weighted average remaining operating lease	4 years 9 months 18 days

Leases - Summary of Company's L

Leases - Summary of Company's Lease Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Lease cost:
Operating lease costs	$ 672
Other information:
Cash paid for operating leases	687
Right-of-use assets obtained in exchange for operating lease liabilities	$ 3,042
Weighted average discount rate for operating leases	8.00%

Leases - Summary of Company's_2

Leases - Summary of Company's Lease Information (Paranthetical) (Details)	Dec. 31, 2019
Leases [Abstract]
Weighted average discount rate for operating leases	8.00%

Leases - Scheduled Future Matur

Leases - Scheduled Future Maturities and Present Value of Operating Lease Liabilities (Details) $ in Thousands	Dec. 31, 2019USD ($)
Leases [Abstract]
2020	$ 705
2021	724
2022	743
2023	765
2024	542
2025 and thereafter	77
Total maturities	3,556
Present value included in consolidated balance sheet:
Current portion of operating lease liabilities	491
Noncurrent operating lease liabilities	2,459
Total operating lease liabilities	2,950
Difference between the maturities and the present value of operating lease liabilities	$ 606

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Commitments And Contingencies Disclosure [Abstract]
Data cost incurred	$ 7,507	$ 5,550
Total capital commitment under certain data licensing agreements	14,773
Contingency loss, accrual	$ 245

Commitments and Contingencies_2

Commitments and Contingencies - Future Minimum Capital Payments under Certain Data Licensing Agreements (Details) $ in Thousands	Dec. 31, 2019USD ($)
Commitments And Contingencies Disclosure [Abstract]
2020	$ 7,506
2021	5,615
2022	1,652
Total	$ 14,773