Qumu (QUMU) 10-Q 9 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2021	Aug. 05, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	000-20728
Entity Registrant Name	QUMU CORPORATION
Entity Incorporation, State or Country Code	MN
Entity Tax Identification Number	41-1577970
Entity Address, Address Line Two	Suite 401-412
Entity Address, Address Line One	400 S 4th St,
Entity Address, City or Town	Minneapolis,
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55415
City Area Code	(612)
Local Phone Number	638-9100
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	QUMU
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		17,640,742
Entity Central Index Key	0000892482
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 21,328	$ 11,878
Accounts and Financing Receivable, after Allowance for Credit Loss, Current	3,833	5,612
Contract assets	229	467
Income tax receivable	280	479
Prepaid expenses and other current assets	2,462	2,302
Total current assets	28,132	20,738
Property and equipment, net of accumulated depreciation of $1,458 and $1,376, respectively	431	249
Right of use assets – operating leases	242	332
Intangible assets, net	1,776	2,143
Goodwill	7,583	7,455
Deferred Income Tax Assets, Net	19	19
Other assets, non-current	439	490
Total assets	38,622	31,426
Current liabilities:
Accounts payable and other accrued liabilities	2,714	2,705
Accrued compensation	842	2,145
Deferred revenue	10,434	12,918
Operating lease liabilities	711	735
Financing obligations	206	406
Other Notes Payable, Current	0	1,800
Debt derivative liability, current	0	37
Warrant liability	975	2,910
Total current liabilities	15,882	23,656
Long-term liabilities:
Deferred revenue, non-current	2,306	3,488
Income taxes payable, non-current	619	608
Operating lease liabilities, non-current	258	554
Financing obligations, non-current	139	75
Other Liabilities, Noncurrent	160	160
Total long-term liabilities	3,482	4,885
Total liabilities	$ 19,364	$ 28,541
Preferred stock, shares authorized (in shares)	250,000	250,000
Common stock, shares outstanding (in shares)	17,624,041	13,780,823
Commitments and contingencies (Note 3)
Stockholders’ equity:
Preferred stock, $0.01 par value, authorized 250,000 shares, no shares issued and outstanding	0	0
Common stock, $0.01 par value, authorized 29,750,000 shares, issued and outstanding 17,624,041 and 13,780,823, respectively	176	138
Additional paid-in capital	104,472	79,489
Accumulated deficit	(83,099)	(74,328)
Accumulated other comprehensive loss	(2,291)	(2,414)
Total stockholders’ equity	19,258	2,885
Total liabilities and stockholders’ equity	$ 38,622	$ 31,426

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Receivables, allowance for doubtful accounts	$ 42	$ 42
Property and equipment, accumulated depreciation and amortization	$ 1,458	$ 1,376
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	29,750,000	29,750,000
Common stock, shares issued (in shares)	17,624,041	13,780,823
Common stock, shares outstanding (in shares)	17,624,041	13,780,823
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	250,000	250,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues:
Total revenues	$ 5,867	$ 9,334	$ 11,687	$ 15,561
Cost of revenues:
Total cost of revenues	1,549	2,940	3,116	5,027
Gross profit	4,318	6,394	8,571	10,534
Operating expenses:
Research and development	2,184	2,088	4,214	3,868
Sales and marketing	5,173	2,181	9,649	4,399
General and administrative	2,142	2,320	4,669	4,913
Amortization of purchased intangibles	163	163	325	327
Total operating expenses	9,662	6,752	18,857	13,507
Operating loss	(5,344)	(358)	(10,286)	(2,973)
Other income (expense):
Interest expense, net	(15)	(22)	(69)	(5)
Decrease in fair value of derivative liability	0	105	37	105
Decrease (increase) in fair value of warrant liability	1,018	(434)	1,375	(398)
Other, net	(89)	(37)	(27)	(197)
Total other income (expense), net	914	(388)	1,316	(495)
Loss before income taxes	(4,430)	(746)	(8,970)	(3,468)
Income tax benefit	(109)	(54)	(199)	(104)
Net loss	$ (4,321)	$ (692)	$ (8,771)	$ (3,364)
Net loss per share – basic (in dollars per share)	$ (0.24)	$ (0.05)	$ (0.51)	$ (0.25)
Weighted average number of shares outstanding, basic (in shares)	17,741	13,534	17,096	13,543
Net loss available to common stockholders, diluted	$ (5,339)	$ (820)	$ (10,146)	$ (3,658)
Net loss per share – diluted (in dollars per share)	$ (0.30)	$ (0.06)	$ (0.59)	$ (0.27)
Weighted average number of shares outstanding, diluted (in shares)	17,899	13,538	17,299	13,573
Software licenses and appliances
Revenues:
Total revenues	$ 138	$ 4,061	$ 246	$ 5,601
Cost of revenues:
Total cost of revenues	63	1,477	127	2,125
Service
Revenues:
Total revenues	5,729	5,273	11,441	9,960
Cost of revenues:
Total cost of revenues	$ 1,486	$ 1,463	$ 2,989	$ 2,902

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ (4,321)	$ (692)	$ (8,771)	$ (3,364)
Other comprehensive income (loss):
Net change in foreign currency translation adjustments	144	(18)	123	(498)
Total other comprehensive income (loss)	144	(18)	123	(498)
Total comprehensive loss	$ (4,177)	$ (710)	$ (8,648)	$ (3,862)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2019		13,553
Beginning balance at Dec. 31, 2019	$ 10,208	$ 136	$ 78,061	$ (65,128)	$ (2,861)
Net loss	(2,672)			(2,672)
Other comprehensive loss, net of taxes	(480)				(480)
Issuance of stock under stock plan (in shares)		4
Issuance of stock under employee stock plan, net of forfeitures	0	$ 0	0
Redemption of stock to cover tax withholding for employee stock plan (in shares)		(29)
Redemption of stock related to tax withholdings on employee stock plan issuances	(53)		(53)
Stock-based compensation	245		245
Ending balance (in shares) at Mar. 31, 2020		13,528
Ending balance at Mar. 31, 2020	7,248	$ 136	78,253	(67,800)	(3,341)
Net loss	(692)			(692)
Other comprehensive loss, net of taxes	(18)				(18)
Issuance of stock under stock plan (in shares)		1
Issuance of stock under employee stock plan, net of forfeitures	(1)	$ (1)	0
Redemption of stock to cover tax withholding for employee stock plan (in shares)		0
Redemption of stock related to tax withholdings on employee stock plan issuances	(1)		(1)
Stock-based compensation	164		164
Ending balance (in shares) at Jun. 30, 2020		13,529
Ending balance at Jun. 30, 2020	6,700	$ 135	78,416	(68,492)	(3,359)
Beginning balance (in shares) at Dec. 31, 2020		13,780
Beginning balance at Dec. 31, 2020	2,885	$ 138	79,489	(74,328)	(2,414)
Net loss	(4,450)			(4,450)
Other comprehensive loss, net of taxes	(21)				(21)
Issuance of common stock (in shares)		3,709
Issuance of common stock	23,085	$ 37	23,048
Warrant exercise (in shares)		50
Warrant exercise	560	$ 0	560
Issuance of stock under stock plan (in shares)		52
Issuance of stock under employee stock plan, net of forfeitures	142	$ 1	141
Redemption of stock related to tax withholdings on employee stock plan issuances	(3)		(3)
Stock-based compensation	589		589
Ending balance (in shares) at Mar. 31, 2021		17,591
Ending balance at Mar. 31, 2021	22,787	$ 176	103,824	(78,778)	(2,435)
Net loss	(4,321)			(4,321)
Other comprehensive loss, net of taxes	144				144
Issuance of stock under stock plan (in shares)		34
Issuance of stock under employee stock plan, net of forfeitures	85	$ 0	85
Redemption of stock to cover tax withholding for employee stock plan (in shares)		(1)
Redemption of stock related to tax withholdings on employee stock plan issuances	(3)		(3)
Stock-based compensation	566		566
Ending balance (in shares) at Jun. 30, 2021		17,624
Ending balance at Jun. 30, 2021	$ 19,258	$ 176	$ 104,472	$ (83,099)	$ (2,291)

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating activities:
Net loss	$ (8,771)	$ (3,364)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	492	618
Loss on disposal of property and equipment	3	0
Stock-based compensation	1,155	409
Accretion of debt discount and issuance costs	33	20
Decrease in fair value of derivative liability	(37)	(105)
Increase (decrease) in fair value of warrant liability	(1,375)	398
Deferred income taxes	0	9
Changes in operating assets and liabilities:
Receivables	(1,802)	3,685
Contract assets	(238)	(140)
Income taxes receivable / payable	221	(184)
Prepaid expenses and other assets	(105)	394
Accounts payable and other accrued liabilities	(242)	1,030
Accrued compensation	(1,305)	177
Deferred revenue	(3,724)	3,709
Increase (Decrease) in Other Operating Liabilities	0	151
Net cash used in operating activities	(11,615)	(283)
Investing activities:
Purchases of property and equipment	(216)	(29)
Net cash used in investing activities	(216)	(29)
Financing activities:
Principal payments on financing obligations	(219)	(185)
Principal payment on line of credit	(1,840)	0
Proceeds from line of credit	1,840	0
Principal payment on term loan	(1,833)	0
Net proceeds from common stock issuance	23,085	0
Proceeds from issuance of common stock under employee stock plans	226	0
Common stock repurchases to settle employee withholding liability	(6)	(54)
Net cash provided by (used in) financing activities	21,253	(239)
Effect of exchange rate changes on cash	28	(201)
Net increase (decrease) in cash and cash equivalents	9,450	(752)
Cash and cash equivalents, beginning of period	11,878	10,639
Cash and cash equivalents, end of period	21,328	9,887
Supplemental disclosures of net cash paid (received) during the period:
Income taxes, net	(413)	27
Interest, net	31	7
Non-cash financing activity:
Issuance of note payable and derivative liability for cancellation of warrant	0	1,855
Reclassification from warrant liability to additional paid-in capital for non-cash exercise	$ 560	$ 0

Nature of Business and Basis of

Nature of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business and Basis of Presentation	Nature of Business and Basis of Presentation Qumu Corporation ("Qumu" or the "Company") provides the tools to create, manage, secure, distribute and measure the success of live and on-demand video for enterprises. The Qumu platform enables global organizations to drive employee engagement, increase access to video, and modernize the workplace by providing a more efficient and effective way to share knowledge. Qumu's customers, which include some of the world’s largest organizations, leverage the Qumu platform for a variety of cloud, on-premise and hybrid deployments. Use cases include self-service webcasting, sales enablement, internal communications, product training, regulatory compliance and customer engagement. The Company and its channel partners market Qumu's products to customers primarily in North America, Europe and Asia. The Company views its operations and manages its business as one segment and one reporting unit. Factors used to identify the Company's single operating segment and reporting unit include the financial information available for evaluation by the chief operating decision maker in making decisions about how to allocate resources and assess performance. The Company markets its products and services through regional sales representatives and independent distributors in the United States and international markets. The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The accompanying condensed consolidated financial statements are unaudited and have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America for interim financial information, pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Pursuant to such rules and regulations, certain financial information and footnote disclosures normally included in a complete set of financial statements have been condensed or omitted. However, in the opinion of management, the financial statements include all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of the financial position and results of operations and cash flows of the interim periods presented. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K as of and for the year ended December 31, 2020. Capitalized Development Costs The Company capitalizes certain development costs related to our sales platform during the application development stage as long as it is probable the project will be completed and the software will be used to perform the function intended. Capitalized software development costs are recorded as part of property and equipment, net. Costs related to preliminary project activities and post-implementation activities are expensed as incurred. Capitalized software development costs are amortized on a straight-line basis over the software’s estimated useful life, which is generally three years, and amortization is recorded in operating expenses in the condensed consolidated statements of operations. The Company evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets. The Company capitalized $139,000 of software development costs during the three and six months ended June 30, 2021. No software development costs were capitalized during the six months ended June 30, 2020. Recently Adopted Accounting Standards In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , which simplifies the accounting for income taxes by removing exceptions within the general principles of Topic 740 regarding the calculation of deferred tax liabilities, the incremental approach for intraperiod tax allocation, and calculating income taxes in an interim period. In addition, the ASU adds clarifications to the accounting for franchise tax (or similar tax) which is partially based on income, evaluating tax basis of goodwill recognized from a business combination, and reflecting the effect of any enacted changes in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The Company adopted this guidance effective January 1, 2021, prospectively, and the adoption of this standard did not have a material impact to the consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . The purpose of the amendment is to simplify how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. The Company adopted this guidance effective January 1, 2021, prospectively, and the adoption of this standard did not have a material impact to the consolidated financial statements and related disclosures. In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments , which supersedes current guidance requiring recognition of credit losses when it is probable that a loss has been incurred. The standard requires the establishment of an allowance for estimated credit losses on financial assets, including trade and other receivables, at each reporting date. The ASU will result in earlier recognition of allowances for losses on trade and other receivables and other contractual rights to receive cash. The Company adopted this guidance effective January 1, 2021, prospectively, and the adoption of this standard did not have a material impact to the consolidated financial statements and related disclosures. Accounting Standards Not Yet Adopted In August 2020, the FASB issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40 ). This update amends the guidance on convertible instruments and the derivatives scope exception for contracts in an entity's own equity and improves and amends the related EPS guidance for both Subtopics. This standard is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2021. Early adoption is permitted but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company is currently evaluating the impact of ASU 2020-06 on its consolidated financial statements and related disclosures.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill Intangible Assets The Company’s amortizable intangible assets consisted of the following (in thousands): June 30, 2021 Customer Relationships Developed Technology Trademarks / Trade Names Total Original cost $ 4,978 $ 8,318 $ 2,185 $ 15,481 Accumulated amortization (4,140) (8,264) (1,301) (13,705) Intangibles assets, net $ 838 $ 54 $ 884 $ 1,776 December 31, 2020 Customer Relationships Developed Technology Trademarks / Trade Names Total Original cost $ 4,945 $ 8,256 $ 2,184 $ 15,385 Accumulated amortization (3,861) (8,151) (1,230) (13,242) Intangibles assets, net $ 1,084 $ 105 $ 954 $ 2,143 Changes to the carrying amount of net amortizable intangible assets consisted of the following (in thousands): Six Months Ended Balance, beginning of period $ 2,143 Amortization expense (379) Currency translation 12 Balance, end of period $ 1,776 Amortization expense of intangible assets consisted of the following (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Amortization expense associated with the developed technology included in cost of revenues $ 27 $ 68 $ 54 $ 140 Amortization expense associated with other acquired intangible assets included in operating expenses 163 163 325 327 Total amortization expense $ 190 $ 231 $ 379 $ 467 Goodwill The goodwill balance of $7.6 million at June 30, 2021 reflects the impact of foreign currency exchange rate fluctuations since the acquisition date.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Leases The Company is obligated under finance leases covering certain IT equipment that expire at various dates over the next three years. The Company also has non-cancellable operating leases, primarily for office space, that expire at various dates over the next three years. The Company has two leases that each contained a renewal option for a period of five years. Because at the inception of the leases the Company was not reasonably certain it would exercise the options, the options were not considered in determining the lease terms. In December 2020, the Company notified landlords for the two leases that it was surrendering its right to occupy the office spaces and thereby would not be exercising its option to renew and would be exercising the leases' early termination clauses allowing the lease terms to end in May 2022 and August 2022. The components of lease cost were as follows (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Operating lease cost $ 46 $ 98 $ 91 $ 194 Finance lease cost: Amortization of right of use assets 26 31 55 62 Interest on lease liabilities 3 2 5 4 Total finance cost 29 33 60 66 Total lease cost $ 75 $ 131 $ 151 $ 260 Future payments used in the measurement of lease liabilities on the condensed consolidated balance sheet as of June 30, 2021 are as follows (in thousands): Operating Finance Remainder of 2021 $ 385 $ 64 2022 627 63 2023 21 58 2024 — 57 2025 — 3 Total undiscounted lease payments 1,033 245 Less amount representing interest (64) (19) Present value of lease liabilities $ 969 $ 226 Wells Fargo Credit Facility On January 15, 2021, the Company entered into and closed on the Loan and Security Agreement (the “line of credit”) with Wells Fargo Bank, National Association providing for a revolving line of credit. Pursuant to the line of credit, the Company granted a security interest in substantially all of its properties, right and assets (including certain equity interest of the Company's subsidiaries). As of June 30, 2021, there were no amounts outstanding on the line of credit. For the quarter ending June 30, 2021, the Company was in compliance with all covenants of the credit agreement. On August 6, 2021, the Company entered into a First Amendment to the line of credit dated January 15, 2021. The following summarizes the Loan and Security Agreement as amended by the First Amendment. The revolving line has a maximum availability for borrowing of the lesser of $10 million or a defined borrowing base, less any outstanding letters of credit and the outstanding principal balance of any advances. However, until the Company's financial statements due for the quarter ending September 30, 2021 are received and reviewed by the Lender, the availability amount will not exceed $7.5 million. The borrowing base is initially four times the prior quarter’s monthly average recurring revenue from eligible customer accounts, but the multiple will thereafter be adjusted on a quarterly basis from and after the calendar quarter ending September 30, 2021. Thereafter, the borrowing base multiple will be four times if monthly recurring revenue declined from the preceding calendar quarter, five times if monthly recurring revenue increased up to 5% over the preceding calendar quarter, and six times if monthly recurring revenue increased at least 5% over the preceding calendar quarter. The revolving line has a January 15, 2023 maturity date and amounts borrowed bear interest at a floating per annum rate equal to 1.25% above Wells Fargo's prime rate, currently 3.25%. The Company will also be obligated to pay Wells Fargo an unused revolving line facility fee quarterly in arrears of 0.25% per annum of the average unused portion of the revolving line of credit during such quarterly period. The line of credit contains customary affirmative and negative covenants and requirements relating to the Company and its operations. The affirmative covenants also require the Company to maintain at all times minimum quarterly recurring revenue and minimum liquidity. The minimum quarterly recurring revenue for the third and fourth quarters of 2021 must be $4.5 million and $4.75 million, respectively. The minimum quarterly recurring revenue must be $5 million, $5.5 million, $6 million and $6.5 million for the first quarter through the fourth quarter of 2022, respectively. The Company is required to have minimum liquidity, tested as of the last day of each fiscal quarter. If the Company's trailing three month cash burn (calculated as provided in the First Amendment) is negative, then the Company must have liquidity of not less than $5 million or an amount equal to six months of remaining months minimum liquidity. If the Company's trailing three month cash burn is greater than or equal to zero dollars, then the Company must have liquidity of not less than $5 million. Liquidity is generally defined as including the aggregate amount of unrestricted and unencumbered cash and cash equivalents held at such time by the Company in accounts maintained with Wells Fargo or its affiliates in the United States, and the availability under the line of credit. Cash burn is Adjusted EBITDA, as defined in the First Amendment, less capital expenditures and cash interest paid. Note Payable On January 15, 2021, the Company repaid the secured promissory note dated May 1, 2020 to ESW Holdings, Inc. in the amount of $1.83 million, which represented the deferred purchase price of the Company’s purchase and termination of the warrant to ESW Holdings, Inc. ("ESW warrant") dated January 12, 2018 for 925,000 shares of the Company’s common stock. In connection with the repayment of the promissory note, the related security agreement dated May 1, 2020 between the Company and ESW Holdings, Inc. was terminated. As provided in the promissory note, the Company would have been obligated to pay ESW Holdings, Inc. an additional $150,000 if a Fundamental Transaction, as defined in the promissory note, occurred on or prior to April 1, 2021. The contingent payment obligation expired on April 1, 2021 as no such Fundamental Transaction occurred. Contingencies In connection with the termination of merger agreement with Synacor, Inc. on June 29, 2020, Qumu is contingently obligated to pay Synacor, Inc. $1.45 million upon the occurrence of certain events with respect to an Acquisition Transaction (as defined in the mutual termination agreement with Synacor, Inc.) during the 15 months following the termination, that is, by September 29, 2021. The Company has not accrued a liability related to this contingent obligation as the payment is not triggered unless and until an Acquisition Transaction occurs. The Company is exposed to asserted and unasserted claims encountered in the normal course of business. Legal costs related to loss contingencies are expensed as incurred. In the opinion of management, the resolution of these matters will not have a material adverse effect on the Company’s financial position or results of operations. The Company’s standard arrangements include provisions indemnifying customers against liabilities if the Company's products infringe a third-party’s intellectual property rights. The Company has not incurred any costs in its continuing operations as a result of such indemnifications and has not accrued any liabilities related to such contingent obligations in the accompanying condensed consolidated financial statements.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company granted the following stock-based awards in the periods indicated: Three Months Ended Six Months Ended 2021 2020 2021 2020 Restricted stock awards and restricted stock units 253,802 — 352,302 53,600 Performance stock units 140,060 — 303,700 — The stock options, restricted stock awards, restricted stock units and performance stock units granted during the six months ended June 30, 2021 and 2020 were granted under the Company's Second Amended and Restated 2007 Stock Incentive Plan (the "2007 Plan"), a shareholder approved plan. The Company recognized the following expense related to its share-based payment arrangements (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Stock-based compensation cost, before income tax benefit: Stock options $ 182 $ 69 $ 353 $ 138 Restricted stock awards and restricted stock units 384 95 802 271 Total stock-based compensation $ 566 $ 164 $ 1,155 $ 409 Three Months Ended Six Months Ended 2021 2020 2021 2020 Stock-based compensation cost included in: Cost of revenues $ 17 $ 5 $ 32 $ 10 Operating expenses 549 159 1,123 399 Total stock-based compensation $ 566 $ 164 $ 1,155 $ 409

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income taxes	Income TaxesAs of June 30, 2021 and December 31, 2020, the Company’s liability for gross unrecognized tax benefits (excluding interest and penalties) totaled $1.9 million and $1.8 million, respectively. The Company had accrued interest and penalties relating to unrecognized tax benefits of $61,000 and $50,000 on a gross basis at June 30, 2021 and December 31, 2020, respectively. The change in the liability for gross unrecognized tax benefits reflects an increase in reserves established for federal and state uncertain tax positions. The Company does not currently expect significant changes in the amount of unrecognized tax benefits during the next twelve months.

Computation of Net Loss Per Sha

Computation of Net Loss Per Share of Common Stock	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Computation of Net Loss Per Share of Common Stock	(8) Computation of Net Loss Per Share of Common Stock The following table identifies the components of net loss per basic and diluted share (in thousands, except for per share data): Three Months Ended Six Months Ended 2021 2020 2021 2020 Net loss per share – basic Net loss $ (4,321) $ (692) $ (8,771) $ (3,364) Weighted average shares outstanding 17,741 13,534 17,096 13,543 Net loss per share – basic $ (0.24) $ (0.05) $ (0.51) $ (0.25) Net loss per share – diluted Loss attributable to common shareholders: Net loss $ (4,321) $ (692) $ (8,771) $ (3,364) Numerator effect of dilutive securities Warrants (1,018) (128) (1,375) (294) Loss attributable to common shareholders $ (5,339) $ (820) $ (10,146) $ (3,658) Weighted average shares outstanding – diluted: Weighted average shares outstanding – basic 17,741 13,534 17,096 13,543 Denominator effect of dilutive securities Warrants 158 4 203 30 Diluted potential common shares 158 4 203 30 Weighted average shares outstanding – diluted 17,899 13,538 17,299 13,573 Net loss per share – diluted $ (0.30) $ (0.06) $ (0.59) $ (0.27) Stock options, warrants and restricted stock units to acquire common shares that were excluded from the computation of diluted weighted-average common shares as their effect is anti-dilutive were as follows (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Stock options 1,174 1,054 1,199 1,055 Warrants — 414 — 414 Restricted stock units 476 172 505 164 Total anti-dilutive 1,650 1,640 1,704 1,633

Nature of Business and Basis _2

Nature of Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recently Adopted Accounting Standards and Accounting Standards Not Yet Adopted	Recently Adopted Accounting Standards In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , which simplifies the accounting for income taxes by removing exceptions within the general principles of Topic 740 regarding the calculation of deferred tax liabilities, the incremental approach for intraperiod tax allocation, and calculating income taxes in an interim period. In addition, the ASU adds clarifications to the accounting for franchise tax (or similar tax) which is partially based on income, evaluating tax basis of goodwill recognized from a business combination, and reflecting the effect of any enacted changes in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The Company adopted this guidance effective January 1, 2021, prospectively, and the adoption of this standard did not have a material impact to the consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . The purpose of the amendment is to simplify how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. The Company adopted this guidance effective January 1, 2021, prospectively, and the adoption of this standard did not have a material impact to the consolidated financial statements and related disclosures. In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments , which supersedes current guidance requiring recognition of credit losses when it is probable that a loss has been incurred. The standard requires the establishment of an allowance for estimated credit losses on financial assets, including trade and other receivables, at each reporting date. The ASU will result in earlier recognition of allowances for losses on trade and other receivables and other contractual rights to receive cash. The Company adopted this guidance effective January 1, 2021, prospectively, and the adoption of this standard did not have a material impact to the consolidated financial statements and related disclosures. Accounting Standards Not Yet Adopted In August 2020, the FASB issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40 ). This update amends the guidance on convertible instruments and the derivatives scope exception for contracts in an entity's own equity and improves and amends the related EPS guidance for both Subtopics. This standard is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2021. Early adoption is permitted but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company is currently evaluating the impact of ASU 2020-06 on its consolidated financial statements and related disclosures.

Revenue (Policies)

Revenue (Policies)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	RevenueThe Company generates revenue through the sale of enterprise video content management software, hardware, maintenance and support, and professional and other services. Software sales may take the form of a perpetual software license, a cloud-hosted software as a service (SaaS) or a term software license. Software licenses and appliances revenue includes sales of perpetual software licenses and hardware. Service revenue includes SaaS, term software licenses, maintenance and support, and professional and other services.

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of acquired intangible assets (excluding goodwill)	The Company’s amortizable intangible assets consisted of the following (in thousands): June 30, 2021 Customer Relationships Developed Technology Trademarks / Trade Names Total Original cost $ 4,978 $ 8,318 $ 2,185 $ 15,481 Accumulated amortization (4,140) (8,264) (1,301) (13,705) Intangibles assets, net $ 838 $ 54 $ 884 $ 1,776 December 31, 2020 Customer Relationships Developed Technology Trademarks / Trade Names Total Original cost $ 4,945 $ 8,256 $ 2,184 $ 15,385 Accumulated amortization (3,861) (8,151) (1,230) (13,242) Intangibles assets, net $ 1,084 $ 105 $ 954 $ 2,143 Changes to the carrying amount of net amortizable intangible assets consisted of the following (in thousands): Six Months Ended Balance, beginning of period $ 2,143 Amortization expense (379) Currency translation 12 Balance, end of period $ 1,776
Amortization of acquired intangible assets	Amortization expense of intangible assets consisted of the following (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Amortization expense associated with the developed technology included in cost of revenues $ 27 $ 68 $ 54 $ 140 Amortization expense associated with other acquired intangible assets included in operating expenses 163 163 325 327 Total amortization expense $ 190 $ 231 $ 379 $ 467

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Lease, Cost	The components of lease cost were as follows (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Operating lease cost $ 46 $ 98 $ 91 $ 194 Finance lease cost: Amortization of right of use assets 26 31 55 62 Interest on lease liabilities 3 2 5 4 Total finance cost 29 33 60 66 Total lease cost $ 75 $ 131 $ 151 $ 260
Lessee, Operating Lease, Liability, Maturity	Future payments used in the measurement of lease liabilities on the condensed consolidated balance sheet as of June 30, 2021 are as follows (in thousands): Operating Finance Remainder of 2021 $ 385 $ 64 2022 627 63 2023 21 58 2024 — 57 2025 — 3 Total undiscounted lease payments 1,033 245 Less amount representing interest (64) (19) Present value of lease liabilities $ 969 $ 226
Finance Lease, Liability, Maturity	Future payments used in the measurement of lease liabilities on the condensed consolidated balance sheet as of June 30, 2021 are as follows (in thousands): Operating Finance Remainder of 2021 $ 385 $ 64 2022 627 63 2023 21 58 2024 — 57 2025 — 3 Total undiscounted lease payments 1,033 245 Less amount representing interest (64) (19) Present value of lease liabilities $ 969 $ 226

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Warrants Outstanding [Table Text Block]	As of June 30, 2021, the following warrants for the purchase of Qumu's common stock were outstanding and exercisable: Description Number of underlying warrant shares Warrant exercise price Warrant expiration date Warrant issued in conjunction with October 2016 debt financing ("Hale warrant") 238,583 $ 2.80 October 21, 2026 Warrant issued to sales partner, iStudy Co., Ltd. ("iStudy warrant") 100,000 $ 2.43 August 31, 2028 Total warrants outstanding 338,583
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The Company’s liabilities measured at fair value on a recurring basis and the fair value hierarchy utilized to determine such fair values were as follows at June 30, 2021 and December 31, 2020 (in thousands): Fair Value Measurements Using Total Fair Quoted Prices in Significant Other Significant Liabilities: Warrant liability - Hale $ 780 $ — $ — $ 780 Warrant liability - iStudy 195 — — 195 Warrant liability $ 975 $ — $ — $ 975 Derivative liability — — — — Total $ 975 $ — $ — $ 975 Fair Value Measurements Using Total Fair Quoted Prices in Significant Other Significant Liabilities: Warrant liability - Hale $ 2,245 $ — $ — $ 2,245 Warrant liability - iStudy 665 — — 665 Warrant liability $ 2,910 $ — $ — $ 2,910 Derivative liability 37 — — 37 Total $ 2,947 $ — $ — $ 2,947
Schedule of Unobservable Inputs [Table Text Block]	The following table represents the significant unobservable input used in the fair value measurement of Level 3 warrant liability instruments: June 30, 2021 Probability-weighted timing of change in control 4.9 years
Schedule of Changes in Fair Value of Liabilities Measured on Recurring Basis	The following table summarizes the changes in fair value measurements for the six months ended June 30, 2021: Warrant liability Derivative liability Total Balance at December 31, 2020 $ 2,910 $ 37 $ 2,947 Reduction in warrant liability for partial exercise of Hale warrant (560) — (560) Change in fair value (1,375) (37) (1,412) Balance at June 30, 2021 $ 975 $ — $ 975

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	The Company combines its products and services into three product categories and three geographic regions, based on customer location, as follows (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Software licenses and appliances $ 138 $ 4,061 $ 246 $ 5,601 Service Subscription, maintenance and support 5,082 4,673 10,061 8,833 Professional services and other 647 600 1,380 1,127 Total service 5,729 5,273 11,441 9,960 Total revenues $ 5,867 $ 9,334 $ 11,687 $ 15,561 Three Months Ended Six Months Ended 2021 2020 2021 2020 North America $ 3,710 $ 7,513 $ 7,648 $ 11,563 Europe 303 1,616 1,924 3,490 Asia 1,854 205 2,115 508 Total $ 5,867 $ 9,334 $ 11,687 $ 15,561

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Schedule Of Share-Based Payment Arrangements	The Company granted the following stock-based awards in the periods indicated: Three Months Ended Six Months Ended 2021 2020 2021 2020 Restricted stock awards and restricted stock units 253,802 — 352,302 53,600 Performance stock units 140,060 — 303,700 —
Schedule of Allocation of Share-based Compensation Costs by Plan	The Company recognized the following expense related to its share-based payment arrangements (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Stock-based compensation cost, before income tax benefit: Stock options $ 182 $ 69 $ 353 $ 138 Restricted stock awards and restricted stock units 384 95 802 271 Total stock-based compensation $ 566 $ 164 $ 1,155 $ 409 Three Months Ended Six Months Ended 2021 2020 2021 2020 Stock-based compensation cost included in: Cost of revenues $ 17 $ 5 $ 32 $ 10 Operating expenses 549 159 1,123 399 Total stock-based compensation $ 566 $ 164 $ 1,155 $ 409

Computation of Net Loss Per S_2

Computation of Net Loss Per Share of Common Stock (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Components Of Net Income (Loss) Per Basic And Diluted Share	The following table identifies the components of net loss per basic and diluted share (in thousands, except for per share data): Three Months Ended Six Months Ended 2021 2020 2021 2020 Net loss per share – basic Net loss $ (4,321) $ (692) $ (8,771) $ (3,364) Weighted average shares outstanding 17,741 13,534 17,096 13,543 Net loss per share – basic $ (0.24) $ (0.05) $ (0.51) $ (0.25) Net loss per share – diluted Loss attributable to common shareholders: Net loss $ (4,321) $ (692) $ (8,771) $ (3,364) Numerator effect of dilutive securities Warrants (1,018) (128) (1,375) (294) Loss attributable to common shareholders $ (5,339) $ (820) $ (10,146) $ (3,658) Weighted average shares outstanding – diluted: Weighted average shares outstanding – basic 17,741 13,534 17,096 13,543 Denominator effect of dilutive securities Warrants 158 4 203 30 Diluted potential common shares 158 4 203 30 Weighted average shares outstanding – diluted 17,899 13,538 17,299 13,573 Net loss per share – diluted $ (0.30) $ (0.06) $ (0.59) $ (0.27)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	Stock options, warrants and restricted stock units to acquire common shares that were excluded from the computation of diluted weighted-average common shares as their effect is anti-dilutive were as follows (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Stock options 1,174 1,054 1,199 1,055 Warrants — 414 — 414 Restricted stock units 476 172 505 164 Total anti-dilutive 1,650 1,640 1,704 1,633

Nature of Business and Basis _3

Nature of Business and Basis of Presentation (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2021USD ($)reporting_unitsegment	Jun. 30, 2020USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments | segment		1
Number of reporting units | reporting_unit		1
Capitalized computer software | $	$ 139	$ 139	$ 0

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill (Components Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Original cost	$ 15,481	$ 15,385
Accumulated amortization	(13,705)	(13,242)
Intangibles assets, net	1,776	2,143
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Original cost	4,978	4,945
Accumulated amortization	(4,140)	(3,861)
Intangibles assets, net	838	1,084
Developed Technology
Finite-Lived Intangible Assets [Line Items]
Original cost	8,318	8,256
Accumulated amortization	(8,264)	(8,151)
Intangibles assets, net	54	105
Trademarks / Trade-Names
Finite-Lived Intangible Assets [Line Items]
Original cost	2,185	2,184
Accumulated amortization	(1,301)	(1,230)
Intangibles assets, net	$ 884	$ 954

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill (Intangible Assets Rollforward) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Finite-lived Intangible Assets [Roll Forward]
Balance, beginning of period			$ 2,143
Amortization expense	$ (190)	$ (231)	(379)	$ (467)
Currency translation			(12)
Balance, end of period	$ 1,776		$ 1,776

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill (Amortization Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Total amortization expense	$ 190	$ 231	$ 379	$ 467
Cost of revenues
Finite-Lived Intangible Assets [Line Items]
Amortization expense associated with intangible assets	27	68	54	140
Operating expenses
Finite-Lived Intangible Assets [Line Items]
Amortization expense associated with intangible assets	$ 163	$ 163	$ 325	$ 327

Intangible Assets and Goodwil_5

Intangible Assets and Goodwill (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 7,583	$ 7,455
Kulu Valley Ltd
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 7,600

Commitments and Contingencies_2

Commitments and Contingencies (Components of Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Lease, Cost [Abstract]
Operating lease cost	$ 46	$ 98	$ 91	$ 194
Amortization of right of use assets	26	31	55	62
Interest on lease liabilities	3	2	5	4
Total finance cost	29	33	60	66
Total lease cost	$ 75	$ 131	$ 151	$ 260

Commitments and Contingencies_3

Commitments and Contingencies (Future Payments Used in Measurement of Lease Liabilities) (Details) $ in Thousands	Jun. 30, 2021USD ($)
Operating leases
Remainder of 2021	$ 385
2022	627
2023	21
2024	0
2025	0
Total undiscounted lease payments	1,033
Less amount representing interest	(64)
Present value of lease liabilities	969
Finance leases
Remainder of 2021	64
2022	63
2023	58
2024	57
2025	3
Total undiscounted lease payments	245
Less amount representing interest	(19)
Present value of lease liabilities	$ 226

Commitments and Contingencies_4

Commitments and Contingencies (Lease Narrative) (Details)	6 Months Ended
	Jun. 30, 2021
Lessee, Lease, Description [Line Items]
Lessee, Finance Lease, Term of Contract	3 years
Lessee, Operating Lease, Term of Contract	3 years
Lessee, Operating Lease, Number Of Offices	2
Lessee, Operating Lease, Renewal Term	5 years

Commitments and Contingencies_5

Commitments and Contingencies (Note Payable) (Details) - USD ($) $ in Thousands	Jan. 15, 2021	Jun. 30, 2021	Dec. 31, 2020	May 01, 2020	Jan. 12, 2018
Debt Instrument [Line Items]
Class of Warrant or Right, Outstanding		338,583
Debt Instrument, Basis Spread on Variable Rate	1.25%
Other Notes Payable, Current		$ 0	$ 1,800
Warrant liability - ESW
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,830
Additional payments potentially required				$ 150
Warrant liability - ESW
Debt Instrument [Line Items]
Class of Warrant or Right, Outstanding					925,000

Commitments and Contingencies_6

Commitments and Contingencies (Contingencies) (Details) - Synacor - USD ($) $ in Thousands	Jun. 29, 2020	Jun. 30, 2021
Loss Contingencies [Line Items]
Additional termination payment		$ 1,450
Contract termination period	15 months

Commitments and Contingencies_7

Commitments and Contingencies (Wells Fargo LOC) (Details) - USD ($)	Jan. 15, 2021	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 10,000,000
Debt Instrument, Basis Spread on Variable Rate	1.25%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%
Compensating Balance, Amount								$ 5,000,000
Line of Credit Facility, Fair Value of Amount Outstanding								$ 0
Forecast
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							$ 7,500,000
Line of Credit Facility, Covenant Terms		6.5 million	6 million	5.5 million	5 million	4.75 million	4.5 million
Prime Rate
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate at Period End	3.25%

Fair Value Measurements (Warran

Fair Value Measurements (Warrants Outstanding) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Jan. 12, 2018
Class of Warrant or Right [Line Items]
Change in fair value	$ 1,000	$ (434)	$ (1,400)	$ 398
Class of Warrant or Right, Outstanding	338,583		338,583
ESW Holdings, Inc.
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Outstanding					925,000
Hale Capital, LLP
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Outstanding	238,583		238,583
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 2.80		$ 2.80
Warrants and Rights Outstanding, Maturity Date	Oct. 21, 2026		Oct. 21, 2026
iStudy Co., Ltd.
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Outstanding	100,000		100,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 2.43		$ 2.43
Warrants and Rights Outstanding, Maturity Date	Aug. 31, 2028		Aug. 31, 2028

Fair Value Measurements (Measur

Fair Value Measurements (Measurement Levels) (Details) - Fair value, measurements, recurring - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	$ 975	$ 2,947
Quoted Prices in Active Markets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	0	0
Significant Unobservable Inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	975	2,947
Warrants
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	975	2,910
Warrants | Quoted Prices in Active Markets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	0	0
Warrants | Significant Other Observable Inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	0	0
Warrants | Significant Unobservable Inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	975	2,910
Warrants | Warrant liability - Hale
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	780	2,245
Warrants | Warrant liability - Hale | Quoted Prices in Active Markets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	0	0
Warrants | Warrant liability - Hale | Significant Other Observable Inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	0	0
Warrants | Warrant liability - Hale | Significant Unobservable Inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	780	2,245
Warrants | Warrant liability - iStudy
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	195	665
Warrants | Warrant liability - iStudy | Quoted Prices in Active Markets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	0	0
Warrants | Warrant liability - iStudy | Significant Other Observable Inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	0	0
Warrants | Warrant liability - iStudy | Significant Unobservable Inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	195	665
Derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	0	37
Derivative | Quoted Prices in Active Markets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	0	0
Derivative | Significant Other Observable Inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	0	0
Derivative | Significant Unobservable Inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability	$ 0	$ 37

Fair Value Measurements (Unobse

Fair Value Measurements (Unobservable Inputs) (Details)	6 Months Ended
	Jun. 30, 2021
Unobservable input [Abstract]
Unobservable input, range high, low and weighted average	4 years 10 months 24 days

Fair Value Measurements (Rollfo

Fair Value Measurements (Rollforward) (Details) - Fair value, measurements, recurring - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at June 30, 2021	$ 975
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	975	$ 2,947
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements	(560)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	(1,412)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at June 30, 2021	975
Derivative
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at June 30, 2021	0
Derivative | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	0	37
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	(37)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at June 30, 2021	0
Warrants
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at June 30, 2021	975
Warrants | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	975	$ 2,910
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements	(560)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	(1,375)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at June 30, 2021	$ 975

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Fair value disclosure [Abstract]
Change in fair value	$ 1,000	$ (434)	$ (1,400)	$ 398

Fair Value Measurements (Change

Fair Value Measurements (Change in Fair Value) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Change in fair value	$ 1,000	$ (434)	$ (1,400)	$ 398

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 5,867	$ 9,334	$ 11,687	$ 15,561
North America
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	3,710	7,513	7,648	11,563
Europe
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	303	1,616	1,924	3,490
Asia
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	1,854	205	2,115	508
Software licenses and appliances
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	138	4,061	246	5,601
Subscription, maintenance and support
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	5,082	4,673	10,061	8,833
Professional services and other
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	647	600	1,380	1,127
Total service
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 5,729	$ 5,273	$ 11,441	$ 9,960

Revenue (Contract Assets and Li

Revenue (Contract Assets and Liabilities) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Contract assets	$ 229,000		$ 229,000		$ 467,000
Contract with customer, liability	12,700,000		12,700,000		$ 16,400,000
Deferred revenue, revenue recognized	$ 4,600,000	$ 3,900,000	8,300,000	$ 6,600,000
Contract with customer, performance obligation satisfied in previous period			$ 0	$ 0

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) $ in Millions	Jun. 30, 2021USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligations	$ 24.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligations	$ 13.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied, expected timing	12 months

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule of Stock-based Awards Granted) (Details) - 2007 Stock Incentive Plan - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restricted stock awards and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, granted (in shares)	253,802	0	352,302	53,600
Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, granted (in shares)	140,060	0	303,700	0

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - 2007 Stock Incentive Plan - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restricted stock awards and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, granted (in shares)	253,802	0	352,302	53,600
Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, granted (in shares)	140,060	0	303,700	0

Stock-Based Compensation (Sch_2

Stock-Based Compensation (Schedule Of Allocation of Share-Based Compensation Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	$ 566	$ 164	$ 1,155	$ 409
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	182	69	353	138
Restricted stock awards and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	384	95	802	271
Cost of revenues
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	17	5	32	10
Operating expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	$ 549	$ 159	$ 1,123	$ 399

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 1,900	$ 1,800
Accrued interest and penalties relating to unrecognized tax benefits	$ 61	$ 50

Computation of Net Loss Per S_3

Computation of Net Loss Per Share of Common Stock (Components of Net Income (Loss) Per Basic and Diluted Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net loss per share – basic
Net loss	$ (4,321)	$ (692)	$ (8,771)	$ (3,364)
Weighted average number of shares outstanding, basic (in shares)	17,741	13,534	17,096	13,543
Net loss per share – basic (in dollars per share)	$ (0.24)	$ (0.05)	$ (0.51)	$ (0.25)
Net income (loss) per share – diluted
Net loss	$ (4,321)	$ (692)	$ (8,771)	$ (3,364)
Numerator effect of dilutive securities	(1,018)	(128)	(1,375)	(294)
Net loss available to common stockholders, diluted	$ (5,339)	$ (820)	$ (10,146)	$ (3,658)
Weighted average number of shares outstanding, basic (in shares)	17,741	13,534	17,096	13,543
Incremental Weighted Average Shares Attributable to Dilutive Effect [Abstract]
Weighted average number diluted shares outstanding adjustment	158	4	203	30
Weighted average number of shares outstanding, diluted (in shares)	17,899	13,538	17,299	13,573
Net loss per share – diluted (in dollars per share)	$ (0.30)	$ (0.06)	$ (0.59)	$ (0.27)
Warrants
Incremental Weighted Average Shares Attributable to Dilutive Effect [Abstract]
Incremental common shares attributable to dilutive effect of call options and warrants (in shares)	158	4	203	30

Computation of Net Loss Per S_4

Computation of Net Loss Per Share of Common Stock (Schedule of Antidilutive Securities Excluded from the Computation of Earnings Per Share) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,650	1,640	1,704	1,633
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,174	1,054	1,199	1,055
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	414	0	414
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	476	172	505	164