View Filing Data

Print Document View Excel Document

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2019	Aug. 05, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Registrant Name	FLUENT, INC.
Entity Central Index Key	0001460329
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		76,765,952

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
ASSETS:
Cash and cash equivalents	$ 21,836	$ 17,769
Accounts receivable, net of allowance for doubtful accounts of $461 and $1,751, respectively	45,705	48,652
Prepaid expenses and other current assets	2,493	1,971
Total current assets	70,034	68,392
Restricted cash	1,480	1,480
Property and equipment, net	3,025	1,380
Operating lease right-of-use assets	10,271
Intangible assets, net	56,583	61,812
Goodwill	159,791	159,791
Other non-current assets	435	414
Total assets	301,619	293,269
LIABILITIES AND SHAREHOLDERS' EQUITY:
Accounts payable	6,426	7,855
Accrued expenses and other current liabilities	16,654	21,566
Deferred revenue	646	444
Current portion of long-term debt	5,380	3,500
Current portion of operating lease liability	2,184
Total current liabilities	31,290	33,365
Long-term debt, net	47,645	51,972
Operating lease liability, net	9,647
Other non-current liabilities	766	766
Total liabilities	89,348	86,103
Shareholders' equity:
Preferred stock - $0.0001 par value, 10,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2019 and December 31, 2018	0	0
Common stock - $0.0005 par value, 200,000,000 shares authorized; 78,534,774 and 76,525,581 shares issued at June 30, 2019 and December 31, 2018, respectively; and 76,749,285 and 75,292,383 shares outstanding at June 30, 2019 and December 31, 2018, respectively	39	38
Treasury stock, at cost, 1,785,489 and 1,233,198 shares at June 30, 2019 and December 31, 2018, respectively	(6,351)	(3,272)
Additional paid-in capital	402,192	395,769
Accumulated deficit	(183,609)	(185,369)
Total shareholders' equity	212,271	207,166
Total liabilities and shareholders' equity	$ 301,619	$ 293,269

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 461	$ 1,751
Preferred stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.0005	$ 0.0005
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	78,534,774	76,525,581
Common stock, shares outstanding (in shares)	76,749,285	75,292,383
Treasury stock, shares (in shares)	1,785,489	1,233,198

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Revenue	$ 70,560	$ 56,935	$ 137,121	$ 112,924
Costs and expenses:
Cost of revenue (exclusive of depreciation and amortization)	49,133	35,757	93,962	73,376
Sales and marketing	3,058	3,167	6,492	6,269
Product development	2,287	1,142	4,445	1,876
General and administrative	10,294	8,953	20,329	15,612
Depreciation and amortization	3,306	3,338	6,623	6,669
Spin-off transaction costs	0	0	0	7,708
Total costs and expenses	68,078	52,357	131,851	111,510
Income from operations	2,482	4,578	5,270	1,414
Interest expense, net	(1,767)	(1,933)	(3,545)	(4,327)
Income (loss) before income taxes from continuing operations	715	2,645	1,725	(2,913)
Income tax benefit	0	0	35	0
Net income (loss) from continuing operations	715	2,645	1,760	(2,913)
Discontinued operations:
Loss from operations of discontinued operations, net of $0 income taxes	0	0	0	(2,084)
Loss on disposal of discontinued operations, net of $0 income taxes	0	0	0	(19,040)
Net loss from discontinued operations	0	0	0	(21,124)
Net income (loss)	$ 715	$ 2,645	$ 1,760	$ (24,037)
Basic income (loss) per share:
Continuing operations (in usd per share)	$ 0.01	$ 0.03	$ 0.02	$ (0.04)
Discontinued operations (in usd per share)	0.00	0.00	0.00	(0.28)
Net income (loss) - basic (in usd per share)	0.01	0.03	0.02	(0.32)
Diluted income (loss) per share:
Continuing operations (in usd per share)	0.01	0.03	0.02	(0.04)
Discontinued operations (in usd per share)	0.00	0.00	0.00	(0.28)
Net income (loss) - diluted (in usd per share)	$ 0.01	$ 0.03	$ 0.02	$ (0.32)
Weighted average number of shares outstanding:
Basic (in shares)	79,388,383	78,196,959	79,297,599	74,885,746
Diluted (in shares)	81,132,304	78,196,959	80,443,530	74,885,746

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Discontinued operation, tax effect of discontinued operation	$ 0	$ 0	$ 0	$ 0
Discontinued operation, tax effect of gain (loss) from disposal of discontinued operation	$ 0	$ 0	$ 0	$ 0

- Definition

Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal.

+ References + Details

Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2017		61,631,573	352,523
Beginning balance at Dec. 31, 2017	$ 224,007	$ 31	$ (1,274)	$ 392,687	$ (167,437)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon direct offering to certain investors, net of issuance costs of $108 (in shares)		2,700,000
Issuance of common stock upon direct offering to certain investors, net of issuance costs of $108	13,392	$ 1		13,391
Vesting of restricted stock units and issuance of restricted stock (in shares)		12,178,136
Vesting of restricted stock units and issuance of restricted stock	0	$ 6		(6)
Increase in treasury stock resulting from shares withheld to cover statutory taxes (in shares)			872,562
Increase in treasury stock resulting from shares withheld to cover statutory taxes	(1,979)		$ (1,979)
Share-based compensation expense	25,439			25,439
Net income	(24,037)				(24,037)
Spin-off of Red Violet	(41,500)			(41,500)
Ending balance (in shares) at Jun. 30, 2018		76,509,709	1,225,085
Ending balance at Jun. 30, 2018	195,322	$ 38	$ (3,253)	390,011	(191,474)
Beginning balance (in shares) at Mar. 31, 2018		76,437,209	495,918
Beginning balance at Mar. 31, 2018	191,520	$ 38	$ (1,672)	387,273	(194,119)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of restricted stock units and issuance of restricted stock (in shares)		72,500
Vesting of restricted stock units and issuance of restricted stock	0
Increase in treasury stock resulting from shares withheld to cover statutory taxes (in shares)			729,167
Increase in treasury stock resulting from shares withheld to cover statutory taxes	(1,581)		$ (1,581)
Share-based compensation expense	2,738			2,738
Net income	2,645				2,645
Ending balance (in shares) at Jun. 30, 2018		76,509,709	1,225,085
Ending balance at Jun. 30, 2018	195,322	$ 38	$ (3,253)	390,011	(191,474)
Beginning balance (in shares) at Dec. 31, 2018		76,525,581	1,233,198
Beginning balance at Dec. 31, 2018	207,166	$ 38	$ (3,272)	395,769	(185,369)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of restricted stock units and issuance of restricted stock (in shares)		2,009,193
Vesting of restricted stock units and issuance of restricted stock	0	$ 1		(1)
Increase in treasury stock resulting from shares withheld to cover statutory taxes (in shares)			552,291
Increase in treasury stock resulting from shares withheld to cover statutory taxes	(3,079)		$ (3,079)
Reclassification of puttable option from liability to equity	1,150			1,150
Share-based compensation expense	5,274			5,274
Net income	1,760				1,760
Ending balance (in shares) at Jun. 30, 2019		78,534,774	1,785,489
Ending balance at Jun. 30, 2019	212,271	$ 39	$ (6,351)	402,192	(183,609)
Beginning balance (in shares) at Mar. 31, 2019		77,603,189	1,554,829
Beginning balance at Mar. 31, 2019	210,041	$ 39	$ (4,882)	399,208	(184,324)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of restricted stock units and issuance of restricted stock (in shares)		931,585
Vesting of restricted stock units and issuance of restricted stock	0		$ 0
Increase in treasury stock resulting from shares withheld to cover statutory taxes (in shares)			230,660
Increase in treasury stock resulting from shares withheld to cover statutory taxes	(1,469)		$ (1,469)
Share-based compensation expense	2,984			2,984
Net income	715				715
Ending balance (in shares) at Jun. 30, 2019		78,534,774	1,785,489
Ending balance at Jun. 30, 2019	$ 212,271	$ 39	$ (6,351)	$ 402,192	$ (183,609)

Condensed Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) $ in Thousands	6 Months Ended
	Jun. 30, 2018 USD ($)
Certain Investors
Issuance costs	$ 108

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,760	$ (24,037)
Net loss from discontinued operations	0	21,124
Adjustments to reconcile net income (loss) from continuing operations to net cash provided by operating activities:
Depreciation and amortization	6,623	6,669
Non-cash interest expense and related amortization	648	1,079
Share-based compensation expense	5,229	9,262
Provision for bad debt	189	93
Allocation of expenses to Red Violet	0	(325)
Changes in assets and liabilities:
Accounts receivable	2,758	(1,793)
Prepaid expenses and other current assets	(522)	(173)
Other non-current assets	(21)	541
Operating lease assets and liabilities, net	1,560
Accounts payable	(1,551)	(208)
Accrued expenses and other current liabilities	(3,762)	(2,366)
Deferred revenue	202	578
Net cash provided by operating activities from continuing operations	13,113	10,444
Net cash used in operating activities from discontinued operations	0	(5,835)
Net cash provided by operating activities	13,113	4,609
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment	(1,894)	(92)
Capitalized costs included in intangible assets	(978)	(512)
Capital contributed to Red Violet	0	(19,728)
Net cash used in investing activities from continuing operations	(2,872)	(20,332)
Net cash used in investing activities from discontinued operations	0	(1,386)
Net cash used in investing activities	(2,872)	(21,718)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of shares, net of issuance costs	0	13,392
Proceeds from debt obligations, net of debt costs	0	67,182
Repayments of long-term debt	(3,095)	(67,982)
Taxes paid related to net share settlement of restricted stock units and issuance of restricted stock	(3,079)	(1,979)
Net cash (used in) provided by financing activities	(6,174)	10,613
Net increase (decrease) in cash, cash equivalents and restricted cash	4,067	(6,496)
Cash, cash equivalents and restricted cash at beginning of period	19,249	16,564
Cash, cash equivalents and restricted cash at end of period	23,316	10,068
SUPPLEMENTAL DISCLOSURE INFORMATION
Cash paid for interest	2,810	3,342
Cash paid for income taxes	0	0
Share-based compensation capitalized in intangible assets	45	283
Non-cash additions to property and equipment	122	0
Reclassification of puttable option from liability to equity	$ 1,150	$ 0

Summary of significant accounting policies

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Summary of significant accounting policies

(a) Basis of preparation and liquidity

The accompanying unaudited condensed consolidated financial statements have been prepared by Fluent, Inc., a Delaware corporation (the "Company" or "Fluent"), in accordance with accounting principles generally accepted in the United States ("US GAAP") and applicable rules and regulations of the Securities and Exchange Commission (the "SEC") regarding interim financial reporting. Certain information and note disclosures normally included in annual financial statements prepared in accordance with US GAAP have been condensed or omitted pursuant to those rules and regulations.

The accompanying unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for any future interim periods or for the full year ending December 31, 2019.

The information included in this quarterly report on Form 10-Q should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 ("2018 Form 10-K") filed with the SEC on March 18, 2019.

The condensed consolidated balance sheet as of December 31, 2018 included herein was derived from the audited financial statements as of that date included in the 2018 Form 10-K.

Principles of consolidation

The condensed 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.

Spin-off of Red Violet

On March 26, 2018, Fluent completed the previously announced spin-off (the "Spin-off") of its risk management business from its performance marketing business by way of a distribution of all the shares of common stock of Fluent's wholly-owned subsidiary, Red Violet, Inc. ("Red Violet"), to Fluent's shareholders of record as of March 19, 2018 and certain warrant holders. See Note 3, Discontinued operations, for details.

Reclassifications

During the year ended December 31, 2018, the Company reviewed the classification of certain expenses presented in the consolidated statement of operations in an effort to bring added transparency and conformity to its reporting. As a result of this review, the Company made a number of changes to classification of operating expenses. Expenses for prior periods have been reclassified to conform to the current period presentation. For the three and six months ended June 30, 2018, the reclassifications had no effect on income from operations, net income (loss) from continuing operations, or net income (loss).

The following table summarizes the reclassification activity for the three months ended June 30, 2018:



(in thousands)	As previously reported		Category expansion			Operating costs and expenses reclassification			As currently reported
Cost of revenue (exclusive of depreciation and amortization)	$	33,893	$	—		$	1,864		$	35,757
Sales and marketing	3,678		(118		)	(393		)	3,167
Product development	—		1,142			—			1,142
General and administrative	11,448		(1,024		)	(1,471		)	8,953

The following table summarizes the reclassification activity for the six months ended June 30, 2018:



(in thousands)	As previously reported		Category expansion			Operating costs and expenses reclassification			As currently reported
Cost of revenue (exclusive of depreciation and amortization)	$	69,556	$	—		$	3,820		$	73,376
Sales and marketing	7,684		(599		)	(816		)	6,269
Product development	—		1,876			—			1,876
General and administrative	19,893		(1,277		)	(3,004		)	15,612

During 2018, the Company reclassified certain trade-related accruals from accounts payable (previously trade accounts payable) to accrued expenses and other current liabilities. The following table summarizes the reclassification activity for the six months ended June 30, 2018, within cash flows from operating activities on the condensed consolidated statements of cash flows:



(in thousands)	As previously reported			Reclassification			As currently reported
Accounts payable	$	1,328		$	(1,536	)	$	(208	)
Accrued expenses and other current liabilities	(3,902		)	1,536			(2,366		)

Immaterial Correction of an Error

During the year ended December 31, 2018, the Company identified an error in its calculation of basic and diluted weighted average shares outstanding, in which shares that had vested but were subject to deferred delivery were not included in both the basic and diluted calculations. As a result, basic and diluted loss per share as previously reported for three and six months ended June 30, 2018 was overstated by an immaterial amount. For the three and six months ended June 30, 2018, the changes to basic and diluted weighted average shares outstanding resulted in corresponding changes to basic and diluted income (loss) per share as follows:



	Three Months Ended June 30, 2018				Six Months Ended June 30, 2018
(In thousands, except share data)	As previously reported		As currently reported		As previously reported			As currently reported
Weighted average number of shares outstanding:
Basic	75,282,042		78,196,959		71,318,930			74,885,746
Diluted	78,196,959		78,196,959		71,318,930			74,885,746
Basic and diluted income (loss) per share:
Basic:
Continuing operations	$	0.04	$	0.03	$	(0.04	)	$	(0.04	)
Discontinued operations	$	—	$	—	$	(0.30	)	$	(0.28	)
Net income (loss)	$	0.04	$	0.03	$	(0.34	)	$	(0.32	)
Diluted:
Continuing operations	$	0.03	$	0.03	$	(0.04	)	$	(0.04	)
Discontinued operations	$	—	$	—	$	(0.30	)	$	(0.28	)
Net income (loss)	$	0.03	$	0.03	$	(0.34	)	$	(0.32	)

(b) Recently issued and adopted accounting standards

In February 2016, the FASB issued Accounting Standards Update ("ASU") No. 2016-02 ("ASU 2016-02"), Leases (Topic 842), and additional changes, modifications, clarifications or interpretations thereafter, which generally require companies to recognize operating and financing lease liabilities and corresponding right-of-use assets on the balance sheet. Effective January 1, 2019, the Company adopted ASU 2016-02 using a modified retrospective approach, utilizing transition guidance introduced in ASU 2018-11, Leases: Targeted Improvements, and elected the ‘package of practical expedients,’ which permitted the Company not to reassess prior conclusions about lease identification, classification and initial direct costs.

As of January 1, 2019, the adoption of ASU 2016-02 resulted in the recording of right-of-use assets and operating lease liabilities of $10,866 and $11,138, respectively, on the condensed consolidated balance sheets. The difference between the right-of-use assets and operating lease liabilities was recorded as a write-off of the previously recognized deferred rent liability included in accrued expenses and other current liabilities on the condensed consolidated balance sheets. ASU 2016-02 did not impact the Company's condensed consolidated statements of operations or condensed consolidated statements of cash flows. The accounting for financing leases, previously referred to as capital leases, was unchanged as a result of the adoption of ASU 2016-02.

Subsequent to the adoption of Accounting Standards Codification ("ASC") 842, the Company will continue to recognize, on a discounted basis, its minimum commitments under noncancelable operating leases on its condensed consolidated balance sheets. ASC 842 also provides practical expedients for an entity’s ongoing accounting. The Company has elected the short-term lease recognition exemption for all leases that qualify. Accordingly, the Company will not recognize right-of-use assets or lease liabilities for qualifying leases, including existing short-term leases in effect at the transition date, and will recognize those payments on the consolidated statements of operations on a straight-line basis over the lease term. Additionally, the Company has elected the practical expedient to not separate lease and non-lease components for all of its leases. See Note 4, Lease commitments, for additional disclosures.

In January 2016, FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses, and additional changes, modifications, clarifications or interpretations thereafter, which require a reporting entity to estimate credit losses on certain types of financial instruments, and present assets held at amortized cost and available-for-sale debt securities at the amount expected to be collected. The new guidance is effective for annual and interim periods beginning after December 15, 2019, and early adoption is permitted. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.

Revenue is recognized when control of goods or services is transferred to customers, in amounts that reflect the consideration the Company expects to be entitled to in exchange for those goods or services. The Company's performance obligation is typically to (a) deliver data records, based on predefined qualifying characteristics specified by the customer or (b) generate conversions, based on predefined user actions (for example, a click, a registration or the installation of an app) and subject to certain qualifying characteristics specified by the customer.

The Company applies the practical expedient related to the review of a portfolio of contracts in reviewing the terms of customer contracts as one collective group, rather than by individual contract. Based on 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 accounting for revenue on a contract-by-contract basis.

Revenue is recognized upon satisfaction of the associated performance obligations. The Company's customers simultaneously receive and consume the benefits provided as the Company satisfies its performance obligations. Furthermore, the Company elected the "right to invoice" practical expedient available within ASC 606-10-55-18 as the measure of progress, since the Company has a right to payment from a customer in an amount that corresponds directly with the value of the performance completed to date. The Company's revenue arrangements do not contain significant financing components. The Company has further concluded that revenue does not require disaggregation.

If a customer pays consideration before the Company's performance obligations are satisfied, such amounts are classified as deferred revenue on the condensed consolidated balance sheets. As of June 30, 2019 and December 31, 2018, the balance of deferred revenue was $646 and $444, respectively. The majority of the deferred revenue balance as of December 31, 2018 was recognized into revenue during the first quarter of 2019.

If there is a delay between the period in which revenue is recognized and when customer invoices are issued, revenue is recognized and related amounts are recorded as unbilled revenue in accounts receivable on the condensed consolidated balance sheets. As of June 30, 2019 and December 31, 2018, unbilled revenue included in accounts receivable totaled $23,740 and $25,545, respectively. In line with industry practice, the unbilled revenue balance is recorded based on the Company's internally-tracked conversions, net of estimated variances between this amount and the amount tracked and subsequently confirmed by customers. The majority of invoices included within the unbilled revenue balance are issued within the month directly following the period of service. Historical estimates related to unbilled revenue are not materially different from actual revenue billed.

Sales commissions are recorded at the time revenue is recognized and recorded in sales and marketing expenses. The Company has elected to utilize a practical expedient to expense incremental costs incurred related to obtaining a contract.

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 revenue is recognized at the amount to which the Company has the right to invoice for services performed.

(d) Cash, cash equivalents and restricted cash

As of June 30, 2019 and 2018, the Company's cash, cash equivalents and restricted cash balances consist of the following:



	Six Months Ended June 30,
(In thousands)	2019		2018
Cash and cash equivalents	$	21,836	$	10,068
Restricted cash	1,480		—
Total cash, cash equivalents and restricted cash	$	23,316	$	10,068

Income (loss) per share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Income (loss) per share

Basic income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period, in addition to restricted stock units ("RSUs") and restricted common stock that are vested but not delivered. Diluted income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock are exercised or converted into common stock, and is calculated using the treasury stock method for stock options, restricted stock units, restricted stock, warrants and deferred common stock. Common equivalent shares are excluded from the calculation in loss periods, as their effects would be anti-dilutive.

For the three and six months ended June 30, 2019 and 2018, basic and diluted income (loss) per share was as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands, except share data)	2019		2018		2019		2018
Numerator:
Net income (loss) from continuing operations	$	715	$	2,645	$	1,760	$	(2,913	)
Net loss from discontinued operations	—		—		—		(21,124		)
Net income (loss)	$	715	$	2,645	$	1,760	$	(24,037	)
Denominator:
Weighted average shares outstanding	76,487,160		75,282,042		76,056,652		71,318,930
Weighted average restricted shares vested not delivered	2,901,223		2,914,917		3,240,947		3,566,816
Total basic weighted average shares outstanding	79,388,383		78,196,959		79,297,599		74,885,746
Dilutive effect of assumed conversion of restricted stock units	1,408,277		—		882,263		—
Dilutive effect of assumed conversion of warrants	329,808		—		262,567		—
Dilutive effect of assumed conversion of stock options	5,836		—		1,101		—
Total weighted average diluted shares outstanding	81,132,304		78,196,959		80,443,530		74,885,746
Basic and diluted income (loss) per share: (1)
Basic:
Continuing operations	$	0.01	$	0.03	$	0.02	$	(0.04	)
Discontinued operations	$	—	$	—	$	—	$	(0.28	)
Net income (loss)	$	0.01	$	0.03	$	0.02	$	(0.32	)
Diluted:
Continuing operations	$	0.01	$	0.03	$	0.02	$	(0.04	)
Discontinued operations	$	—	$	—	$	—	$	(0.28	)
Net income (loss)	$	0.01	$	0.03	$	0.02	$	(0.32	)

(1)Income (loss) per share tables may contain summation differences due to rounding.

The following potentially dilutive securities were excluded from the calculation of diluted income (loss) per share, as their effects would have been anti-dilutive for the periods presented:



	Three Months Ended June 30,		Six Months Ended June 30,
	2019	2018	2019	2018
Restricted stock units	110,000	3,750,003	1,740,502	6,664,920
Stock options	2,060,000	2,623,776	2,060,000	2,623,776
Warrants	1,350,000	137,000	1,350,000	137,000
Total anti-dilutive securities	3,520,000	6,510,779	5,150,502	9,425,696

Discontinued operations

6 Months Ended

Jun. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Discontinued operations

As a result of the Spin-off on March 26, 2018, the financial results of Red Violet are reflected in the Company's condensed consolidated financial statements as discontinued operations and, therefore, are presented as loss from discontinued operations on the condensed consolidated statements of operations, and cash activity from discontinued operations on the condensed consolidated statements of cash flows. Further, the Company's additional paid-in capital was decreased by the net assets of Red Violet, as reflected in the condensed consolidated statements of changes in shareholders' equity.

For the six months ended June 30, 2018, the financial results of operations of Red Violet were as follows:



(In thousands)	Six Months Ended June 30, 2018
Revenue	$	3,325
Cost of revenue (exclusive of depreciation and amortization)	2,017
Sales and marketing expenses	1,089
General and administrative expenses	1,852
Depreciation and amortization	451
Loss from operations of discontinued operations, net of $0 income taxes	(2,084		)
Loss on disposal of discontinued operations, net of $0 income taxes	(19,040		)
Net loss from discontinued operations	$	(21,124	)

For the six months ended June 30, 2018, included in the net loss from discontinued operations is a loss on disposal of discontinued operations of $19,040, of which an aggregate of $16,030 represented non-cash charges. The loss on disposal of discontinued operations consisted of the following:



(In thousands)	Six Months Ended June 30, 2018
Share-based compensation expense (1)	$	15,548
Write-off of unamortized debt costs (2)	284
Write-off of certain prepaid expenses	198
Spin-off related professional fees	2,012
Spin-off related employee compensation	998
Loss on disposal of discontinued operations	$	19,040


(1)	As discussed and defined in Note 10, Share-based compensation, share-based compensation expense represents non-cash expense incurred in connection with the Acceleration of certain previously outstanding but unvested stock options, RSUs and restricted stock and additional Spin-off Grants, in connection with the Spin-off.


(2)	As discussed in Note 7, Long-term debt, net, in connection with the Spin-off, the Company repaid the Promissory Notes to certain investors, which resulted in a write-off of unamortized debt costs of $284.

In addition, during the first quarter of 2018, in connection with the Spin-off of Red Violet, an aggregate of $7,708 was recognized in costs and expenses from continuing operations as spin-off transaction costs, and included non-cash share-based compensation expense of $5,409 as a result of 2,041,000 shares of Transaction Grants (as defined in Note 10, Share-based compensation), and employee cash compensation of $2,299.

Lease commitments

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease commitments

At the inception of a contract, the Company determines whether the contract is or contains a lease based on the facts and circumstances present. Operating leases with terms greater than one year are recognized on the condensed consolidated balance sheets as Operating lease right-of-use assets, Current portion of operating lease liability, and Operating lease liability, net. Financing leases with terms greater than one year are recognized on the condensed consolidated balance sheets as Property and equipment, net, Accrued expenses and other current liabilities, and Other non-current liabilities. The Company has elected not to recognize leases with terms of one year or less on the condensed consolidated balance sheets.

Lease obligations and their corresponding assets are recorded based on the present value of lease payments over the expected lease term. As the interest rate implicit in lease contracts is typically not readily determinable, the Company utilizes the appropriate incremental borrowing rate, which is the rate incurred to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. Certain adjustments to the right-of-use asset may be required for items such as initial direct costs paid or incentives received. The components of a lease are split into three categories: lease components, non-lease components and non-components; however, the Company has elected to combine lease and non-lease components into a single component. Rent expense associated with operating leases is recognized over the expected term on a straight-line basis. In connection with financing leases, depreciation of the underlying asset is recognized over the expected term on a straight-line basis and interest expense is recognized as incurred.

The Company has entered into a number of noncancelable operating and financing lease agreements for certain offices and furniture, fixtures and office equipment. These leases have original lease periods expiring between 2021 and 2025. Although certain leases include options to renew, the Company does not assume renewals in the determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants.

For the three and six months ended June 30, 2019, the components of lease costs are as follows:



(In thousands)	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Operating leases:
Rent expense	$	502	$	991
Financing lease:
Leased furniture, fixtures and office equipment depreciation expense	73		97
Interest expense	11		22
Short-term leases:
Rent expense	32		257
Total lease costs	$	618	$	1,367

As of June 30, 2019, the weighted average lease term and discount rate of the Company's leases are as follows:



	June 30, 2019
	Operating Leases		Financing Lease
Weighted average remaining lease term	6.3 years		6.4 years
Weighted average discount rate	5.0	%	5.0	%

As of June 30, 2019, scheduled future maturities of the Company's lease liabilities are as follows:



(In thousands)	June 30, 2019
Year	Operating Leases			Financing Lease
Remainder of 2019	$	1,092		$	76
2020	2,186			157
2021	2,136			157
2022	2,077			158
2023	2,222			169
Thereafter	4,109			312
Total undiscounted cash flows	13,822			1,029
Less: imputed interest	(1,991		)	(154		)
Present value of lease liabilities	$	11,831		$	875

For the three and six months ended June 30, 2019, supplemental cash flow information related to leases are as follows:



(In thousands)	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows provided by operating leases (1)	$	(472	)	$	(297	)
Operating cash flows used for financing lease	$	11		$	24
Lease liabilities related to the acquisition of right-of-use assets:
Operating leases	$	48		$	117

(1) For the three and six months ended June 30, 2019, the Company received a cash reimbursement of $640 for tenant improvements made to its New York City corporate headquarters.

Lease commitments

For the three and six months ended June 30, 2019, the components of lease costs are as follows:



(In thousands)	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Operating leases:
Rent expense	$	502	$	991
Financing lease:
Leased furniture, fixtures and office equipment depreciation expense	73		97
Interest expense	11		22
Short-term leases:
Rent expense	32		257
Total lease costs	$	618	$	1,367

As of June 30, 2019, the weighted average lease term and discount rate of the Company's leases are as follows:



	June 30, 2019
	Operating Leases		Financing Lease
Weighted average remaining lease term	6.3 years		6.4 years
Weighted average discount rate	5.0	%	5.0	%

As of June 30, 2019, scheduled future maturities of the Company's lease liabilities are as follows:



(In thousands)	June 30, 2019
Year	Operating Leases			Financing Lease
Remainder of 2019	$	1,092		$	76
2020	2,186			157
2021	2,136			157
2022	2,077			158
2023	2,222			169
Thereafter	4,109			312
Total undiscounted cash flows	13,822			1,029
Less: imputed interest	(1,991		)	(154		)
Present value of lease liabilities	$	11,831		$	875

For the three and six months ended June 30, 2019, supplemental cash flow information related to leases are as follows:



(In thousands)	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows provided by operating leases (1)	$	(472	)	$	(297	)
Operating cash flows used for financing lease	$	11		$	24
Lease liabilities related to the acquisition of right-of-use assets:
Operating leases	$	48		$	117

(1) For the three and six months ended June 30, 2019, the Company received a cash reimbursement of $640 for tenant improvements made to its New York City corporate headquarters.

Intangible assets, net

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets, net

Intangible assets, other than goodwill, consist of the following:



(In thousands)	Amortization period	June 30, 2019			December 31, 2018
Gross amount:
Software developed for internal use	3 years	$	3,775		$	3,037
Acquired proprietary technology	5 years	11,459			11,459
Customer relationships	7-10 years	34,986			34,986
Trade names	20 years	16,357			16,357
Domain names	20 years	191			191
Databases	5-10 years	31,292			31,292
Non-competition agreements	2-5 years	1,768			1,768
Total gross amount		99,828			99,090
Accumulated amortization:
Software developed for internal use		(1,425		)	(1,282		)
Acquired proprietary technology		(8,127		)	(6,987		)
Customer relationships		(16,810		)	(14,417		)
Trade names		(2,913		)	(2,504		)
Domain names		(34		)	(29		)
Databases		(12,377		)	(10,573		)
Non-competition agreements		(1,559		)	(1,486		)
Total accumulated amortization		(43,245		)	(37,278		)
Net intangible assets:
Software developed for internal use		2,350			1,755
Acquired proprietary technology		3,332			4,472
Customer relationships		18,176			20,569
Trade names		13,444			13,853
Domain names		157			162
Databases		18,915			20,719
Non-competition agreements		209			282
Total intangible assets, net		$	56,583		$	61,812

The gross amounts associated with software developed for internal use primarily represent capitalized costs for internally-developed software. The amounts relating to acquired proprietary technology, customer relationships, trade names, domain names, databases and non-competition agreements primarily represent the fair values of intangible assets acquired as a result of the acquisition of Fluent, LLC ("Fluent LLC"), effective on December 8, 2015 (the "Fluent LLC Acquisition"), and the acquisition of Q Interactive, LLC, effective on June 8, 2016 (the "Q Interactive Acquisition").

Amortization expense of $3,127 and $3,213 for the three months ended June 30, 2019 and 2018 and $6,252 and $6,421 for the six months ended June 30, 2019 and 2018, respectively, were included in depreciation and amortization expenses in the condensed consolidated statements of operations. As of June 30, 2019, intangible assets with a carrying amount of $897, included in the gross amount of software developed for internal use, have not commenced amortization, as they are not ready for their intended use.

As of June 30, 2019, estimated amortization expenses related to the Company's intangible assets for the remainder of 2019 through 2024 and thereafter are as follows:



(In thousands)
Year	June 30, 2019
Remainder of 2019	$	6,394
2020	12,637
2021	9,231
2022	8,148
2023	3,967
2024 and thereafter	16,206
Total	$	56,583

Goodwill	6 Months Ended
Goodwill	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill Goodwill represents the cost in excess of fair value of net assets acquired in a business combination. As of June 30, 2019, the total balance of goodwill was $159,791, as a result of the acquisition of Interactive Data, LLC effective on October 2, 2014, the Fluent LLC Acquisition and the Q Interactive Acquisition. In accordance with ASC Topic 350, Intangibles - Goodwill and Other, goodwill is tested at least annually for impairment, or when events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable, by assessing qualitative factors or performing a quantitative analysis in determining whether it is more likely than not that its fair value exceeds the carrying value. The measurement date of the Company's annual goodwill impairment test is October 1. For the six months ended June 30, 2019, there were no events or changes in circumstances to indicate that goodwill is impaired.

Long-term debt, net

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Long-term debt, net

Long-term debt, net, related to the Refinanced Term Loan (as defined below) consisted of the following:



(In thousands)	June 30, 2019			December 31, 2018
Principal amount	$	57,225		$	60,320
Less: Unamortized debt issuance costs	(4,200		)	(4,848		)
Long-term debt, net	53,025			55,472
Less: Current portion of long-term debt	(5,380		)	(3,500		)
Long-term debt, net (non-current)	$	47,645		$	51,972

Refinanced Term Loan

In connection with the Spin-off of Red Violet, Fluent LLC refinanced and fully repaid the existing term loans (the "Term Loans") and certain promissory notes (the "Promissory Notes"), which had been entered into on December 8, 2015, with a new term loan in the amount of $70.0 million ("Refinanced Term Loan"), pursuant to a Limited Consent and Amendment No. 6 ("Amendment No. 6") to its Credit Agreement (the "Credit Agreement"), effective on March 26, 2018 (the "Refinancing").

The Refinanced Term Loan is guaranteed by the Company and its direct and indirect subsidiaries, and secured by substantially all of the assets of the Company and its direct and indirect subsidiaries, including Fluent LLC, in each case, on an equal and ratable basis. The Refinanced Term Loan accrues interest at the rate of either, at Fluent's option, (a) LIBOR (subject to a floor of 0.50%) plus 7.00% per annum, or (b) the base rate (generally equivalent to the U.S. prime rate) plus 6.0% per annum, payable in cash. Interest under the Refinanced Term Loan is payable monthly. Scheduled principal amortization of the Refinanced Term Loan is $875 per quarter, commencing with the fiscal quarter ended June 30, 2018. The Refinanced Term Loan matures on March 26, 2023.

On March 26, 2018, proceeds from the Refinanced Term Loan were utilized to repay, in full, the outstanding principal amount plus accrued PIK interest of the Term Loans and Promissory Notes of $55,586 and $11,425, respectively. Prepayment premiums and unamortized debt costs associated with the Term Loans of $2,818 and $3,136, respectively, were capitalized in the balance of the Refinanced Term Loan and are being amortized over the remaining period of the Refinanced Term Loan. In addition, refinancing costs paid to third parties of $193 were recognized in loss on disposal of discontinued operations. See Note 3, Discontinued operations.

The Credit Agreement, as amended, requires the Company to maintain and comply with certain financial and other covenants, commencing with the fiscal quarter ended June 30, 2018. In addition, the Credit Agreement, as amended, includes certain prepayment provisions, including mandatory quarterly principal prepayments of the Refinanced Term Loan with a portion of the Company's excess cash flow, as defined in the Credit Agreement. For the three months ended June 30, 2019, the quarterly prepayment resulting from excess cash flow was $1,880. As of June 30, 2019, this amount was reclassified to the current portion of long-term debt and will be paid during the third quarter. As of June 30, 2019, the Company was in compliance with all of the financial and other covenants under the Credit Agreement.

Maturities

As of June 30, 2019, scheduled future maturities of the Refinanced Term Loan, including the required principal prepayment based on a portion of the Company's quarterly excess cash flow of $1,880 for the second quarter of 2019 and excluding potential future additional principal prepayments, are as follows:



(In thousands)
Year
Remainder of 2019	$	3,630
2020	3,500
2021	3,500
2022	3,500
2023	43,095
Total maturities	$	57,225

Fair value

As of June 30, 2019, the fair value of long-term debt is considered to approximate its carrying value, as the Refinanced Term Loan has a variable interest rate. This fair value assessment represents a Level 2 measurement.

Income taxes	6 Months Ended
Income taxes	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income taxes	Income taxes The Company is subject to federal and state income taxes in the United States. The tax provision for interim periods is determined using an estimate of the Company's annual effective tax rate. The Company updates its estimated annual effective tax rate on a quarterly basis and, if the estimate changes, makes a cumulative adjustment. The Company recorded a full valuation allowance against net deferred tax assets as of June 30, 2019 and December 31, 2018, and intends to continue maintaining a full valuation allowance on these net deferred tax assets until there is sufficient evidence to support the release of all or some portion of these allowances. Based on current income from continuing operations and anticipated future earnings, the Company believes there is a reasonable possibility that within the next 12 months sufficient positive evidence may become available to allow a conclusion to be reached that a significant portion, if not all, of the valuation allowance will be released. Release of some or all of the valuation allowance would result in the recognition of certain deferred tax assets and an increase in deferred tax benefit for any period in which such a release may be recorded, however, the exact timing and amount of any valuation allowance release are subject to change, depending upon the level of profitability that the Company is able to achieve and the net deferred tax assets available. For the six months ended June 30, 2019 and 2018, the Company's effective income tax benefit rate of 2.0% and 0.0% differed from the statutory federal income tax rates of 21% and 34%, respectively, with such differences resulting primarily from the application of the full valuation allowance against the Company's deferred tax assets. 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 dates. 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. As of June 30, 2019 and December 31, 2018, the balance of unrecognized tax benefits was $1,480. The unrecognized tax benefits, if recognized, would result in an increase to net operating losses that would be subject to a valuation allowance and, accordingly, result in no impact to the Company’s annual effective tax rate. As of June 30, 2019, the Company has not accrued any interest or penalties with respect to its uncertain tax positions. The Company does not anticipate a significant increase or reduction in unrecognized tax benefits within the next twelve months.

Common stock, treasury stock and warrants	6 Months Ended
Common stock, treasury stock and warrants	Jun. 30, 2019
Equity [Abstract]
Common stock, treasury stock and warrants	Common stock, treasury stock and warrants Common stock As of June 30, 2019 and December 31, 2018, the number of issued shares of common stock was 78,534,774 and 76,525,581, respectively, which included shares of treasury stock of 1,785,489 and 1,233,198, respectively. For the six months ended June 30, 2019, the change in the number of issued shares of common stock was a result of an aggregate 2,009,193 shares of common stock issued upon vesting of RSUs, including 552,291 shares of common stock withheld to cover statutory taxes upon such vesting, which are reflected in treasury stock, discussed below. Treasury stock As of June 30, 2019 and December 31, 2018, the Company held shares of treasury stock of 1,785,489 and 1,233,198, with a cost of $6,351 and $3,272, respectively. The Company's share-based incentive plans, discussed in Note 10, Share-based compensation, allow employees to forfeit shares of common stock to satisfy federal and state statutory tax withholding obligations associated with equity awards. The forfeited shares of common stock may be taken into treasury stock by the Company or sold on the open market. For the six months ended June 30, 2019, 552,291 shares of common stock were withheld to cover statutory taxes owed by certain employees for this purpose and taken into treasury stock. Warrants As of June 30, 2019 and December 31, 2018, warrants to purchase an aggregate of 2,398,776 and 2,498,776 shares of common stock were outstanding, respectively, with exercise prices ranging from $3.75 to $6.00 per share. On July 9, 2018 the Company entered into First Amendments (the "First Amendments") to the Amendments to Warrants and Agreements to Exercise ("Amended Whitehorse Warrants") with (i) H.I.G. Whitehorse SMA ABF, L.P. regarding 46,667 warrants to purchase common stock of the Company, par value $0.0005 per share, at an exercise price of $3.00 per share; (ii) H.I.G. Whitehorse SMA Holdings I, LLC regarding 66,666 warrants to purchase common stock of the Company at an exercise price of $3.00 per share; and (iii) Whitehorse Finance, Inc. regarding 186,667 warrants to purchase common stock of the Company at an exercise price of $3.00 per share. In November 2017, the Amended Whitehorse Warrants were exercised and the Company issued an aggregate of 300,000 shares of common stock of the Company (the "Warrant Shares") to the warrant holders. Pursuant to the First Amendments, the warrant holders have the right, but not the obligation, to require the Company to purchase from these warrant holders the 300,000 Warrant Shares at $3.8334 per share (the "Put Right"), which may be exercised during the period commencing January 1, 2019 and ending December 15, 2019. In accordance with ASC 480, Distinguishing Liabilities from Equity, the Put Right has historically been classified within other current liabilities on the condensed consolidated balance sheets because the market price of the Company's common stock has been lower than the exercise price of $3.8334 per share. During the first quarter of 2019, the last reported sale price of the Company's common stock was higher than the exercise price, resulting in the reclassification of the Put Right totaling $1,150 from other current liabilities to equity, and now remains within additional paid-in capital on the condensed consolidated balance sheet as of June 30, 2019.

Share-based compensation

6 Months Ended

Jun. 30, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-based compensation

As of June 30, 2019, the Company maintains two share-based incentive plans: the Cogint, Inc. 2015 Stock Incentive Plan (the "2015 Plan") and the Fluent, Inc. 2018 Stock Incentive Plan (the "2018 Plan") which, combined, authorize the issuance of 21,174,929 shares of common stock. As of June 30, 2019, there were 3,879,683 shares of common stock reserved for issuance under the 2018 Plan. The primary purpose of the plans is to attract, retain, reward and motivate certain individuals by providing them with opportunities to acquire or increase their ownership interests in the Company.

Spin-off of Red Violet

On March 8, 2018, the Company's Compensation Committee approved the acceleration (the "Acceleration") of stock options, RSUs and restricted stock held by certain employees, consultants and directors, including only those employees who were to continue with Red Violet upon completion of the Spin-off, subject to such employees still being employed or providing services on March 12, 2018 (the "Acceleration Date"). An aggregate of 5,157,998 shares were accelerated, including 47,500 stock options, 4,960,498 RSUs (inclusive of 500,000 shares to Marlin Capital and 2,500,000 to Michael Brauser), and 150,000 shares of restricted stock. Share-based compensation expense of $14,667 resulting from the Acceleration was recognized in loss on disposal of discontinued operations during the first quarter of 2018.

In connection with the Spin-off of Red Violet, common stock awards comprised of an aggregate of 304,000 shares were granted to certain employees of Red Violet ("Spin-off Grants") during the first quarter of 2018, and related share-based compensation expense of $881 was recognized in loss on disposal of discontinued operations. Additionally, an aggregate of 2,041,000 shares of common stock, subject to deferred delivery over a three-year period, were granted to certain Fluent employees as a result of the Spin-off ("Transaction Grants"), and related share-based compensation expense of $5,409 was recognized in costs and expenses as part of the Spin-off transaction costs during the first quarter of 2018.

In total, share-based compensation expense of $15,548, which resulted from the Acceleration and Spin-off Grants in connection with the Spin-off, was recognized in loss on disposal of discontinued operations during the first quarter of 2018. See Note 3, Discontinued operations.

Stock options

On January 31, 2019, the Compensation Committee of the Company's Board of Directors approved the grant of stock options to certain officers, which were issued on February 1, 2019 under the 2018 Plan. Subject to continuing service, 50% of the shares subject to these stock options will vest if the Company's stock price remains above 125% of the exercise price for 20 consecutive trading days, and the remaining 50% of the shares subject to these stock options will vest if the Company's stock price remains above 156.25% of the exercise price for 20 consecutive trading days; provided, that no shares will vest prior to the first anniversary of the grant date. As of June 30, 2019, the first condition has been met; therefore, subject to continuing service, 50% of the shares subject to these stock options will vest on February 1, 2020. Any shares that remain unvested as of the fifth anniversary of the grant date will vest in full on such date. The fair value of the stock options granted was estimated at the trading day before the date of grant using a Monte Carlo simulation model. The range of the fair value of the stock options that were awarded is $2.81 to $2.86 per share. The key assumptions utilized to calculate the grant-date fair values for these awards are summarized below:



Key Assumptions
Exercise price	$	4.72
Expected term	1.0 - 1.3 years
Expected volatility	65		%
Dividend yield	—		%
Risk-free rate	2.61		%

For the six months ended June 30, 2019, details of stock option activity were as follows:



	Number of options		Weighted average exercise price per share		Weighted average remaining contractual term	Aggregate intrinsic value
Outstanding as of December 31, 2018	112,000		$	13.98	2.8 years	$	—
Granted	2,064,000		$	4.72	9.6 years
Forfeited	(56,000	)	$	4.72
Outstanding as of June 30, 2019	2,120,000		$	5.20	9.2 years	$	1,303
Options exercisable as of June 30, 2019	112,000		$	13.98	2.3 years	$	5

The aggregate intrinsic value amounts in the table above represent the difference between the closing price of the Company's common stock on June 28, 2019 of $5.38 and the corresponding exercise prices, multiplied by the number of in-the-money stock options as of the same date.

For the three and six months ended June 30, 2019, compensation expense recognized for stock options of $1,252 and $2,103, respectively, was recorded in sales and marketing and general and administrative expenses in the condensed consolidated statements of operations. For the three and six months ended June 30, 2018, compensation expense recognized for stock options of $0 and $243, respectively, was recorded in discontinued operations in the condensed consolidated statements of operations. As of June 30, 2019, there was $3,597 of unrecognized share-based compensation with respect to outstanding stock options.

Restricted stock units and restricted stock

For the six months ended June 30, 2019, details of unvested RSU and restricted stock activity were as follows:



	Number of units		Weighted average grant-date fair value
Unvested as of December 31, 2018	3,831,965		$	7.95
Granted	1,835,930		$	4.89
Vested and delivered	(1,456,902	)	$	4.03
Withheld as treasury stock (1)	(552,291	)	$	4.18
Vested not delivered (2)	95,915		$	4.78
Forfeited	(153,961	)	$	3.54
Unvested as of June 30, 2019	3,600,656		$	7.76


(1)	As discussed in Note 9, the increase in treasury stock was due to shares withheld to cover statutory withholding taxes upon the delivery of shares following vesting of RSUs and issuance of restricted stock. As of June 30, 2019, there were 1,785,489 outstanding shares of treasury stock.

(2)

Vested not delivered represents vested RSUs with delivery deferred to a future time. For the six months ended June 30, 2019, there was a net decrease of 95,915 shares included in vested not delivered as a result of the delivery of Spin-off Grants of 740,334 shares, partially offset by the net activity from vesting of RSUs with deferred delivery of 644,419 shares. As of June 30, 2019, there were 2,814,002 outstanding RSUs included in vested not delivered.

The Company recognized compensation (included in sales and marketing, product development, general and administrative and discontinued operations in the condensed consolidated statements of operations, and intangible assets in the condensed consolidated balance sheets) for RSUs and restricted stock of $1,732 and $2,738 for the three months ended and $3,171 and $25,196 for the six months ended June 30, 2019 and 2018, respectively. The fair value of the RSUs and restricted stock was estimated using the closing prices of the Company's common stock on the dates of grant.

As of June 30, 2019, unrecognized share-based compensation expense associated with the granted RSUs and stock options amounted to $16,282, which is expected to be recognized over a weighted average period of 2.5 years.

For the three and six months ended June 30, 2019 and 2018, share-based compensation for the Company's stock option, RSU, common stock and restricted stock awards were allocated to the following accounts in the condensed consolidated financial statements:



	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2019		2018		2019		2018
Sales and marketing	$	160	$	742	$	529	$	1,408
Product development	277		193		522		351
General and administrative	2,517		1,679		4,178		2,094
Spin-off transaction costs	—		—		—		5,409
Discontinued operations	—		—		—		15,713
Total share-based compensation expense	2,954		2,614		5,229		24,975
Capitalized in intangible assets of continuing operations	30		124		45		283
Capitalized in intangible assets of discontinued operations	—		—		—		181
Total share-based compensation	$	2,984	$	2,738	$	5,274	$	25,439

Segment information

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Segment information

The Company identifies operating segments as components of an entity for which discrete financial information is available and is regularly reviewed by the chief operating decision maker(s) in making decisions regarding resource allocation and performance assessment. The Company defines the term “chief operating decision makers” to be its chief executive officer and its president. The Company has determined it operates in one operating segment and one reportable segment, as its chief operating decision makers review financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance.

Revenue by country is based on the billing address of the customer. For the three and six months ended June 30, 2019 and 2018, revenue by geographic area was as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2019		2018		2019		2018
United States	$	62,644	$	50,858	$	122,121	$	102,833
International	7,916		6,077		15,000		10,091
Revenue	$	70,560	$	56,935	$	137,121	$	112,924

Revenue derived from customers in individual countries other than the United States did not exceed 10% of total revenue for the periods presented. All significant long-lived assets are located in the United States.

Related party transactions	6 Months Ended
Related party transactions	Jun. 30, 2019
Related Party Transactions [Abstract]
Related party transactions	Related party transactions For the three and six months ended June 30, 2019 and 2018, material related party transactions were as follows: Business Consulting Agreement Pursuant to a Business Consulting Agreement, Marlin Capital Investments, LLC, an affiliate of Michael Brauser, the Company's Executive Chairman prior to the Spin-off, held RSUs representing the right to receive 2,000,000 shares of the Company's common stock, for consulting services provided by Marlin Capital. These RSUs were to vest annually beginning from October 13, 2015 only if certain performance goals of the Company were met. The shares underlying such RSUs would not have been delivered until October 13, 2018, unless there was a change of control of the Company, termination of the agreement by the Company without cause, or termination of the agreement by Marlin Capital for good reason. The Company determined the performance goals were met as of December 31, 2016. For the six months ended June 30, 2018, share-based compensation expense of negative $1,792, as a result of the revaluation of the fair value of RSUs granted, was recognized in general and administrative expenses in association with shares under the Marlin Capital agreement. On March 12, 2018, the Company terminated the Business Consulting Agreement. The unvested 500,000 shares were accelerated and the related share-based compensation expense of $906,000 was recognized fully in loss on disposal of discontinued operations during the first quarter of 2018. Promissory Notes On December 8, 2015, the Company entered into the Promissory Notes, with an interest rate of 10% per annum, with certain investors, for aggregate financing of $10.0 million, consisting of $5.0 million from Frost Gamma, $4.0 million from Michael Brauser and $1.0 million from another investor. During the six months ended June 30, 2018, the Company repaid $533, $426 and $107 to Frost Gamma, Michael Brauser and another investor, respectively. On March 26, 2018, as part of the Refinancing associated with the Spin-off of Red Violet, the principal amounts plus accrued PIK interest of the Promissory Notes owing to Frost Gamma, Michael Brauser and such other investor, of $5,713, $4,570 and $1,143, respectively, were fully repaid. Consulting Agreement On September 6, 2017, the Company entered into a Consulting Agreement with Michael Brauser, effective as of June 23, 2017, for a term of four years, under which Mr. Brauser served as a strategic advisor to the Company but received no salary for such services. In consideration for Mr. Brauser's services, the Consulting Agreement provided for continued vesting of all outstanding RSUs granted to Mr. Brauser under the Brauser Employment Agreement. For the six months ended June 30, 2018, share-based compensation expense of $302 associated with the Consulting Agreement was recognized in general and administrative expenses. In addition, upon the Acceleration, the remaining unvested 2,500,000 shares were accelerated and related share-based compensation expense of $6,468 was recognized in loss on disposal of discontinued operations during the first quarter of 2018. The Consulting Agreement was terminated upon the Spin-off of Red Violet.

Contingencies	6 Months Ended
Contingencies	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies In the ordinary course of business, the Company is subject to loss contingencies that cover a 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 reasonably estimate the amount of any such loss. On October 26, 2018, the Company received a subpoena from the New York Attorney General’s Office (“NY AG”) regarding compliance with New York Executive Law § 63(12) and New York General Business Law § 349, as they relate to the collection, use, or disclosure of information from or about consumers or individuals submitted to the Federal Communication Commission (“FCC”) in connection with the FCC’s rulemaking proceeding captioned “Restoring Internet Freedom,” WC Docket No. 17-108. On December 13, 2018, the Company received a subpoena from the United States Department of Justice (“DOJ”) regarding the same issue. The Company has been fully cooperating with both the NY AG and the DOJ and is responding to the subpoenas. At this time, it is not possible to determine the duration or disposition of either matter. As such, the Company is unable to make a meaningful estimate of the amount or range of loss, if any, that could result from an unfavorable outcome. On June 27, 2019, as a part of a sales and use tax audit, the New York State Department of Taxation and Finance (the “Tax Department”) issued a letter stating its position that revenue derived from certain of the Company’s customer acquisition data services is subject to sales tax, as an information service. The Company believes this revenue should not be subject to sales tax in New York State because it is either an excluded advertising service or an information service not subject to sales tax in New York State, and the Company has responded to the Tax Department outlining this position. The determination as to whether such revenue is deemed a taxable information service and, if taxable, the amount of any taxes owed and the periods for which they may be owed is complex and fact-intensive, and the law in this area is unsettled. Given these uncertainties, the Company believes that it is reasonably possible that a sales tax liability may result from an unfavorable outcome in this matter, but it is unable to estimate the amount or range of any such liability at this time.

Subsequent events	6 Months Ended
Subsequent events	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent events	Subsequent events On July 1, 2019, two subsidiaries of the Company, AdParlor Acquisition, LLC, a Delaware limited liability company, and Fluent Media Canada, Inc., a British Columbia company (together with AdParlor Acquisition, LLC, each a "Buyer" and collectively "Buyers"), completed an acquisition of substantially all of the assets of AdParlor Holdings, Inc., a Delaware corporation ("AdParlor Holdings"), AdParlor International, Inc., a Delaware corporation ("AdParlor International"), AdParlor Media, Inc., a Delaware corporation ("AdParlor Media US"), and AdParlor Media ULC, a British Columbia unlimited liability company (together with AdParlor Holdings, AdParlor International and AdParlor Media US, each a "Seller" and collectively "Sellers") pursuant to an Asset Purchase Agreement (the "Purchase Agreement") dated June 17, 2019, by and among Buyers, Sellers and v2 Ventures Group LLC, a Delaware limited liability company. The Buyers paid to Sellers $7,500 of cash consideration at closing, subject to adjustments for working capital and indebtedness, and issued a promissory note to Sellers in the principal amount of $2,500, in exchange for substantially all of the assets of Sellers. The promissory note is guaranteed by the Company's subsidiary, Fluent, LLC, and will not accrue interest except in the case of default, is payable in two equal installments on the first and second anniversaries of the date of closing and is subject to setoff in respect of certain indemnity and other matters. As of June 30, 2019, the Company had incurred transaction expenses of $448 in connection with this acquisition.

Summary of significant accounting policies (Policies)	6 Months Ended
Summary of significant accounting policies (Policies)	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of preparation and liquidity	The accompanying unaudited condensed consolidated financial statements have been prepared by Fluent, Inc., a Delaware corporation (the "Company" or "Fluent"), in accordance with accounting principles generally accepted in the United States ("US GAAP") and applicable rules and regulations of the Securities and Exchange Commission (the "SEC") regarding interim financial reporting. Certain information and note disclosures normally included in annual financial statements prepared in accordance with US GAAP have been condensed or omitted pursuant to those rules and regulations. The accompanying unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for any future interim periods or for the full year ending December 31, 2019. The information included in this quarterly report on Form 10-Q should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 ("2018 Form 10-K") filed with the SEC on March 18, 2019. The condensed consolidated balance sheet as of December 31, 2018 included herein was derived from the audited financial statements as of that date included in the 2018 Form 10-K.
Principles of consolidation	The condensed 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.
Reclassification	During the year ended December 31, 2018, the Company reviewed the classification of certain expenses presented in the consolidated statement of operations in an effort to bring added transparency and conformity to its reporting. As a result of this review, the Company made a number of changes to classification of operating expenses. Expenses for prior periods have been reclassified to conform to the current period presentation.
Recently issued and adopted accounting standards	In February 2016, the FASB issued Accounting Standards Update ("ASU") No. 2016-02 ("ASU 2016-02"), Leases (Topic 842), and additional changes, modifications, clarifications or interpretations thereafter, which generally require companies to recognize operating and financing lease liabilities and corresponding right-of-use assets on the balance sheet. Effective January 1, 2019, the Company adopted ASU 2016-02 using a modified retrospective approach, utilizing transition guidance introduced in ASU 2018-11, Leases: Targeted Improvements, and elected the ‘package of practical expedients,’ which permitted the Company not to reassess prior conclusions about lease identification, classification and initial direct costs. As of January 1, 2019, the adoption of ASU 2016-02 resulted in the recording of right-of-use assets and operating lease liabilities of $10,866 and $11,138, respectively, on the condensed consolidated balance sheets. The difference between the right-of-use assets and operating lease liabilities was recorded as a write-off of the previously recognized deferred rent liability included in accrued expenses and other current liabilities on the condensed consolidated balance sheets. ASU 2016-02 did not impact the Company's condensed consolidated statements of operations or condensed consolidated statements of cash flows. The accounting for financing leases, previously referred to as capital leases, was unchanged as a result of the adoption of ASU 2016-02. Subsequent to the adoption of Accounting Standards Codification ("ASC") 842, the Company will continue to recognize, on a discounted basis, its minimum commitments under noncancelable operating leases on its condensed consolidated balance sheets. ASC 842 also provides practical expedients for an entity’s ongoing accounting. The Company has elected the short-term lease recognition exemption for all leases that qualify. Accordingly, the Company will not recognize right-of-use assets or lease liabilities for qualifying leases, including existing short-term leases in effect at the transition date, and will recognize those payments on the consolidated statements of operations on a straight-line basis over the lease term. Additionally, the Company has elected the practical expedient to not separate lease and non-lease components for all of its leases. See Note 4, Lease commitments, for additional disclosures. In January 2016, FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses, and additional changes, modifications, clarifications or interpretations thereafter, which require a reporting entity to estimate credit losses on certain types of financial instruments, and present assets held at amortized cost and available-for-sale debt securities at the amount expected to be collected. The new guidance is effective for annual and interim periods beginning after December 15, 2019, and early adoption is permitted. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.
Revenue recognition	Revenue is recognized when control of goods or services is transferred to customers, in amounts that reflect the consideration the Company expects to be entitled to in exchange for those goods or services. The Company's performance obligation is typically to (a) deliver data records, based on predefined qualifying characteristics specified by the customer or (b) generate conversions, based on predefined user actions (for example, a click, a registration or the installation of an app) and subject to certain qualifying characteristics specified by the customer. The Company applies the practical expedient related to the review of a portfolio of contracts in reviewing the terms of customer contracts as one collective group, rather than by individual contract. Based on 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 accounting for revenue on a contract-by-contract basis. Revenue is recognized upon satisfaction of the associated performance obligations. The Company's customers simultaneously receive and consume the benefits provided as the Company satisfies its performance obligations. Furthermore, the Company elected the "right to invoice" practical expedient available within ASC 606-10-55-18 as the measure of progress, since the Company has a right to payment from a customer in an amount that corresponds directly with the value of the performance completed to date. The Company's revenue arrangements do not contain significant financing components. The Company has further concluded that revenue does not require disaggregation. If a customer pays consideration before the Company's performance obligations are satisfied, such amounts are classified as deferred revenue on the condensed consolidated balance sheets. As of June 30, 2019 and December 31, 2018, the balance of deferred revenue was $646 and $444, respectively. The majority of the deferred revenue balance as of December 31, 2018 was recognized into revenue during the first quarter of 2019. If there is a delay between the period in which revenue is recognized and when customer invoices are issued, revenue is recognized and related amounts are recorded as unbilled revenue in accounts receivable on the condensed consolidated balance sheets. As of June 30, 2019 and December 31, 2018, unbilled revenue included in accounts receivable totaled $23,740 and $25,545, respectively. In line with industry practice, the unbilled revenue balance is recorded based on the Company's internally-tracked conversions, net of estimated variances between this amount and the amount tracked and subsequently confirmed by customers. The majority of invoices included within the unbilled revenue balance are issued within the month directly following the period of service. Historical estimates related to unbilled revenue are not materially different from actual revenue billed. Sales commissions are recorded at the time revenue is recognized and recorded in sales and marketing expenses. The Company has elected to utilize a practical expedient to expense incremental costs incurred related to obtaining a contract. 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 revenue is recognized at the amount to which the Company has the right to invoice for services performed.

Summary of significant accounting policies (Tables)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The following table summarizes the reclassification activity for the three months ended June 30, 2018:



(in thousands)	As previously reported		Category expansion			Operating costs and expenses reclassification			As currently reported
Cost of revenue (exclusive of depreciation and amortization)	$	33,893	$	—		$	1,864		$	35,757
Sales and marketing	3,678		(118		)	(393		)	3,167
Product development	—		1,142			—			1,142
General and administrative	11,448		(1,024		)	(1,471		)	8,953

The following table summarizes the reclassification activity for the six months ended June 30, 2018:



(in thousands)	As previously reported		Category expansion			Operating costs and expenses reclassification			As currently reported
Cost of revenue (exclusive of depreciation and amortization)	$	69,556	$	—		$	3,820		$	73,376
Sales and marketing	7,684		(599		)	(816		)	6,269
Product development	—		1,876			—			1,876
General and administrative	19,893		(1,277		)	(3,004		)	15,612

The following table summarizes the reclassification activity for the six months ended June 30, 2018, within cash flows from operating activities on the condensed consolidated statements of cash flows:



(in thousands)	As previously reported			Reclassification			As currently reported
Accounts payable	$	1,328		$	(1,536	)	$	(208	)
Accrued expenses and other current liabilities	(3,902		)	1,536			(2,366		)

For the three and six months ended June 30, 2018, the changes to basic and diluted weighted average shares outstanding resulted in corresponding changes to basic and diluted income (loss) per share as follows:



	Three Months Ended June 30, 2018				Six Months Ended June 30, 2018
(In thousands, except share data)	As previously reported		As currently reported		As previously reported			As currently reported
Weighted average number of shares outstanding:
Basic	75,282,042		78,196,959		71,318,930			74,885,746
Diluted	78,196,959		78,196,959		71,318,930			74,885,746
Basic and diluted income (loss) per share:
Basic:
Continuing operations	$	0.04	$	0.03	$	(0.04	)	$	(0.04	)
Discontinued operations	$	—	$	—	$	(0.30	)	$	(0.28	)
Net income (loss)	$	0.04	$	0.03	$	(0.34	)	$	(0.32	)
Diluted:
Continuing operations	$	0.03	$	0.03	$	(0.04	)	$	(0.04	)
Discontinued operations	$	—	$	—	$	(0.30	)	$	(0.28	)
Net income (loss)	$	0.03	$	0.03	$	(0.34	)	$	(0.32	)

Schedule of Cash and Cash Equivalents

As of June 30, 2019 and 2018, the Company's cash, cash equivalents and restricted cash balances consist of the following:



	Six Months Ended June 30,
(In thousands)	2019		2018
Cash and cash equivalents	$	21,836	$	10,068
Restricted cash	1,480		—
Total cash, cash equivalents and restricted cash	$	23,316	$	10,068

Restrictions on Cash and Cash Equivalents

As of June 30, 2019 and 2018, the Company's cash, cash equivalents and restricted cash balances consist of the following:



	Six Months Ended June 30,
(In thousands)	2019		2018
Cash and cash equivalents	$	21,836	$	10,068
Restricted cash	1,480		—
Total cash, cash equivalents and restricted cash	$	23,316	$	10,068

Income (loss) per share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings (Loss) Per Share

For the three and six months ended June 30, 2019 and 2018, basic and diluted income (loss) per share was as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands, except share data)	2019		2018		2019		2018
Numerator:
Net income (loss) from continuing operations	$	715	$	2,645	$	1,760	$	(2,913	)
Net loss from discontinued operations	—		—		—		(21,124		)
Net income (loss)	$	715	$	2,645	$	1,760	$	(24,037	)
Denominator:
Weighted average shares outstanding	76,487,160		75,282,042		76,056,652		71,318,930
Weighted average restricted shares vested not delivered	2,901,223		2,914,917		3,240,947		3,566,816
Total basic weighted average shares outstanding	79,388,383		78,196,959		79,297,599		74,885,746
Dilutive effect of assumed conversion of restricted stock units	1,408,277		—		882,263		—
Dilutive effect of assumed conversion of warrants	329,808		—		262,567		—
Dilutive effect of assumed conversion of stock options	5,836		—		1,101		—
Total weighted average diluted shares outstanding	81,132,304		78,196,959		80,443,530		74,885,746
Basic and diluted income (loss) per share: (1)
Basic:
Continuing operations	$	0.01	$	0.03	$	0.02	$	(0.04	)
Discontinued operations	$	—	$	—	$	—	$	(0.28	)
Net income (loss)	$	0.01	$	0.03	$	0.02	$	(0.32	)
Diluted:
Continuing operations	$	0.01	$	0.03	$	0.02	$	(0.04	)
Discontinued operations	$	—	$	—	$	—	$	(0.28	)
Net income (loss)	$	0.01	$	0.03	$	0.02	$	(0.32	)

(1)Income (loss) per share tables may contain summation differences due to rounding.

Schedule of Antidilutive Securities Excluded from Computation of Earnings (Loss) per Share

The following potentially dilutive securities were excluded from the calculation of diluted income (loss) per share, as their effects would have been anti-dilutive for the periods presented:



	Three Months Ended June 30,		Six Months Ended June 30,
	2019	2018	2019	2018
Restricted stock units	110,000	3,750,003	1,740,502	6,664,920
Stock options	2,060,000	2,623,776	2,060,000	2,623,776
Warrants	1,350,000	137,000	1,350,000	137,000
Total anti-dilutive securities	3,520,000	6,510,779	5,150,502	9,425,696

Discontinued operations (Tables)

6 Months Ended

Jun. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Disposal of Discontinued Activity

For the six months ended June 30, 2018, the financial results of operations of Red Violet were as follows:



(In thousands)	Six Months Ended June 30, 2018
Revenue	$	3,325
Cost of revenue (exclusive of depreciation and amortization)	2,017
Sales and marketing expenses	1,089
General and administrative expenses	1,852
Depreciation and amortization	451
Loss from operations of discontinued operations, net of $0 income taxes	(2,084		)
Loss on disposal of discontinued operations, net of $0 income taxes	(19,040		)
Net loss from discontinued operations	$	(21,124	)



(In thousands)	Six Months Ended June 30, 2018
Share-based compensation expense (1)	$	15,548
Write-off of unamortized debt costs (2)	284
Write-off of certain prepaid expenses	198
Spin-off related professional fees	2,012
Spin-off related employee compensation	998
Loss on disposal of discontinued operations	$	19,040


(1)	As discussed and defined in Note 10, Share-based compensation, share-based compensation expense represents non-cash expense incurred in connection with the Acceleration of certain previously outstanding but unvested stock options, RSUs and restricted stock and additional Spin-off Grants, in connection with the Spin-off.


(2)	As discussed in Note 7, Long-term debt, net, in connection with the Spin-off, the Company repaid the Promissory Notes to certain investors, which resulted in a write-off of unamortized debt costs of $284.

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760

+ Details

Lease commitments (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease, Cost

For the three and six months ended June 30, 2019, supplemental cash flow information related to leases are as follows:



(In thousands)	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows provided by operating leases (1)	$	(472	)	$	(297	)
Operating cash flows used for financing lease	$	11		$	24
Lease liabilities related to the acquisition of right-of-use assets:
Operating leases	$	48		$	117

For the three and six months ended June 30, 2019, the components of lease costs are as follows:



(In thousands)	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Operating leases:
Rent expense	$	502	$	991
Financing lease:
Leased furniture, fixtures and office equipment depreciation expense	73		97
Interest expense	11		22
Short-term leases:
Rent expense	32		257
Total lease costs	$	618	$	1,367

As of June 30, 2019, the weighted average lease term and discount rate of the Company's leases are as follows:



	June 30, 2019
	Operating Leases		Financing Lease
Weighted average remaining lease term	6.3 years		6.4 years
Weighted average discount rate	5.0	%	5.0	%

Finance Lease, Liability, Maturity

As of June 30, 2019, scheduled future maturities of the Company's lease liabilities are as follows:



(In thousands)	June 30, 2019
Year	Operating Leases			Financing Lease
Remainder of 2019	$	1,092		$	76
2020	2,186			157
2021	2,136			157
2022	2,077			158
2023	2,222			169
Thereafter	4,109			312
Total undiscounted cash flows	13,822			1,029
Less: imputed interest	(1,991		)	(154		)
Present value of lease liabilities	$	11,831		$	875

Lessee, Operating Lease, Liability, Maturity

As of June 30, 2019, scheduled future maturities of the Company's lease liabilities are as follows:



(In thousands)	June 30, 2019
Year	Operating Leases			Financing Lease
Remainder of 2019	$	1,092		$	76
2020	2,186			157
2021	2,136			157
2022	2,077			158
2023	2,222			169
Thereafter	4,109			312
Total undiscounted cash flows	13,822			1,029
Less: imputed interest	(1,991		)	(154		)
Present value of lease liabilities	$	11,831		$	875

Intangible assets, net (Tables)

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Other than Goodwill

Intangible assets, other than goodwill, consist of the following:



(In thousands)	Amortization period	June 30, 2019			December 31, 2018
Gross amount:
Software developed for internal use	3 years	$	3,775		$	3,037
Acquired proprietary technology	5 years	11,459			11,459
Customer relationships	7-10 years	34,986			34,986
Trade names	20 years	16,357			16,357
Domain names	20 years	191			191
Databases	5-10 years	31,292			31,292
Non-competition agreements	2-5 years	1,768			1,768
Total gross amount		99,828			99,090
Accumulated amortization:
Software developed for internal use		(1,425		)	(1,282		)
Acquired proprietary technology		(8,127		)	(6,987		)
Customer relationships		(16,810		)	(14,417		)
Trade names		(2,913		)	(2,504		)
Domain names		(34		)	(29		)
Databases		(12,377		)	(10,573		)
Non-competition agreements		(1,559		)	(1,486		)
Total accumulated amortization		(43,245		)	(37,278		)
Net intangible assets:
Software developed for internal use		2,350			1,755
Acquired proprietary technology		3,332			4,472
Customer relationships		18,176			20,569
Trade names		13,444			13,853
Domain names		157			162
Databases		18,915			20,719
Non-competition agreements		209			282
Total intangible assets, net		$	56,583		$	61,812

Schedule of Estimated Amortization Expenses

As of June 30, 2019, estimated amortization expenses related to the Company's intangible assets for the remainder of 2019 through 2024 and thereafter are as follows:



(In thousands)
Year	June 30, 2019
Remainder of 2019	$	6,394
2020	12,637
2021	9,231
2022	8,148
2023	3,967
2024 and thereafter	16,206
Total	$	56,583

Long-term debt, net (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Summary of Long-term Debt

Long-term debt, net, related to the Refinanced Term Loan (as defined below) consisted of the following:



(In thousands)	June 30, 2019			December 31, 2018
Principal amount	$	57,225		$	60,320
Less: Unamortized debt issuance costs	(4,200		)	(4,848		)
Long-term debt, net	53,025			55,472
Less: Current portion of long-term debt	(5,380		)	(3,500		)
Long-term debt, net (non-current)	$	47,645		$	51,972

Scheduled Future Maturities of Total Debts



(In thousands)
Year
Remainder of 2019	$	3,630
2020	3,500
2021	3,500
2022	3,500
2023	43,095
Total maturities	$	57,225

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Share-based compensation (Tables)

6 Months Ended

Jun. 30, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The key assumptions utilized to calculate the grant-date fair values for these awards are summarized below:



Key Assumptions
Exercise price	$	4.72
Expected term	1.0 - 1.3 years
Expected volatility	65		%
Dividend yield	—		%
Risk-free rate	2.61		%

Schedule of Share Options Activity

For the six months ended June 30, 2019, details of stock option activity were as follows:



	Number of options		Weighted average exercise price per share		Weighted average remaining contractual term	Aggregate intrinsic value
Outstanding as of December 31, 2018	112,000		$	13.98	2.8 years	$	—
Granted	2,064,000		$	4.72	9.6 years
Forfeited	(56,000	)	$	4.72
Outstanding as of June 30, 2019	2,120,000		$	5.20	9.2 years	$	1,303
Options exercisable as of June 30, 2019	112,000		$	13.98	2.3 years	$	5

Unvested Balance of Options

Schedule of Restricted Share Units, Common Stock Grants and Restricted Stock Activity

For the six months ended June 30, 2019, details of unvested RSU and restricted stock activity were as follows:



	Number of units		Weighted average grant-date fair value
Unvested as of December 31, 2018	3,831,965		$	7.95
Granted	1,835,930		$	4.89
Vested and delivered	(1,456,902	)	$	4.03
Withheld as treasury stock (1)	(552,291	)	$	4.18
Vested not delivered (2)	95,915		$	4.78
Forfeited	(153,961	)	$	3.54
Unvested as of June 30, 2019	3,600,656		$	7.76


(1)	As discussed in Note 9, the increase in treasury stock was due to shares withheld to cover statutory withholding taxes upon the delivery of shares following vesting of RSUs and issuance of restricted stock. As of June 30, 2019, there were 1,785,489 outstanding shares of treasury stock.

(2)

Schedule of Share-based Compensation



	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2019		2018		2019		2018
Sales and marketing	$	160	$	742	$	529	$	1,408
Product development	277		193		522		351
General and administrative	2,517		1,679		4,178		2,094
Spin-off transaction costs	—		—		—		5,409
Discontinued operations	—		—		—		15,713
Total share-based compensation expense	2,954		2,614		5,229		24,975
Capitalized in intangible assets of continuing operations	30		124		45		283
Capitalized in intangible assets of discontinued operations	—		—		—		181
Total share-based compensation	$	2,984	$	2,738	$	5,274	$	25,439

Segment information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

For the three and six months ended June 30, 2019 and 2018, revenue by geographic area was as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2019		2018		2019		2018
United States	$	62,644	$	50,858	$	122,121	$	102,833
International	7,916		6,077		15,000		10,091
Revenue	$	70,560	$	56,935	$	137,121	$	112,924

Summary of significant accounting policies - Reclassification Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of revenue (exclusive of depreciation and amortization)	$ 49,133	$ 35,757	$ 93,962	$ 73,376
Sales and marketing	3,058	3,167	6,492	6,269
Product development	2,287	1,142	4,445	1,876
General and administrative	$ 10,294	8,953	20,329	15,612
Accounts payable			(1,551)	(208)
Accrued expenses and other current liabilities			$ (3,762)	(2,366)
Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of revenue (exclusive of depreciation and amortization)		33,893		69,556
Sales and marketing		3,678		7,684
Product development		0		0
General and administrative		11,448		19,893
Accounts payable				1,328
Accrued expenses and other current liabilities				(3,902)
Restatement Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Accounts payable				(1,536)
Accrued expenses and other current liabilities				1,536
Restatement Adjustment \| Category Expansion
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of revenue (exclusive of depreciation and amortization)		0		0
Sales and marketing		(118)		(599)
Product development		1,142		1,876
General and administrative		(1,024)		(1,277)
Restatement Adjustment \| Operating Costs and Expenses Reclassification
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of revenue (exclusive of depreciation and amortization)		1,864		3,820
Sales and marketing		(393)		(816)
Product development		0		0
General and administrative		$ (1,471)		$ (3,004)

Summary of significant accounting policies - Immaterial Correction of an Error (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Weighted average number of shares outstanding:
Basic (in shares)	79,388,383	78,196,959	79,297,599	74,885,746
Diluted (in shares)	81,132,304	78,196,959	80,443,530	74,885,746
Basic:
Continuing operations (in usd per share)	$ 0.01	$ 0.03	$ 0.02	$ (0.04)
Discontinued operations (in usd per share)	0.00	0.00	0.00	(0.28)
Net income (loss) - basic (in usd per share)	0.01	0.03	0.02	(0.32)
Diluted:
Continuing operations (in usd per share)	0.01	0.03	0.02	(0.04)
Discontinued operations (in usd per share)	0.00	0.00	0.00	(0.28)
Net income (loss) - diluted (in usd per share)	$ 0.01	$ 0.03	$ 0.02	$ (0.32)
Previously Reported
Weighted average number of shares outstanding:
Basic (in shares)		75,282,042		71,318,930
Diluted (in shares)		78,196,959		71,318,930
Basic:
Continuing operations (in usd per share)		$ 0.04		$ (0.04)
Discontinued operations (in usd per share)		0.00		(0.30)
Net income (loss) - basic (in usd per share)		0.04		(0.34)
Diluted:
Continuing operations (in usd per share)		0.03		(0.04)
Discontinued operations (in usd per share)		0.00		(0.30)
Net income (loss) - diluted (in usd per share)		$ 0.03		$ (0.34)
Restatement Adjustment
Weighted average number of shares outstanding:
Basic (in shares)		78,196,959		74,885,746
Diluted (in shares)		78,196,959		74,885,746
Basic:
Continuing operations (in usd per share)		$ 0.03		$ (0.04)
Discontinued operations (in usd per share)		0.00		(0.28)
Net income (loss) - basic (in usd per share)		0.03		(0.32)
Diluted:
Continuing operations (in usd per share)		0.03		(0.04)
Discontinued operations (in usd per share)		0.00		(0.28)
Net income (loss) - diluted (in usd per share)		$ 0.03		$ (0.32)

Summary of significant accounting policies - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, right-of-use asset	$ 10,271
Operating lease liability	11,831
Deferred revenue	646		$ 444
Unbilled revenue in accounts receivable	$ 23,740		$ 25,545
ASC 842
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, right-of-use asset		$ 10,866
Operating lease liability		$ 11,138

Summary of significant accounting policies - Cash and Restricted Cash Reconciliation (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Cash and cash equivalents	$ 21,836		$ 10,068
Restricted cash	1,480	$ 1,480	0
Total cash, cash equivalents and restricted cash	$ 23,316	$ 19,249	$ 10,068	$ 16,564

Income (loss) per share - Schedule of Basic and Diluted Earnings (Loss) Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income (loss) from continuing operations	$ 715	$ 2,645	$ 1,760	$ (2,913)
Net loss from discontinued operations	0	0	0	(21,124)
Net income (loss)	$ 715	$ 2,645	$ 1,760	$ (24,037)
Weighted average of shares outstanding (in shares)	76,487,160	75,282,042	76,056,652	71,318,930
Weighted average restricted shares vested not delivered (in shares)	2,901,223	2,914,917	3,240,947	3,566,816
Total basic weighted average shares outstanding (in shares)	79,388,383	78,196,959	79,297,599	74,885,746
Total weighted average diluted shares outstanding (in shares)	81,132,304	78,196,959	80,443,530	74,885,746
Basic:
Continuing operations (in usd per share)	$ 0.01	$ 0.03	$ 0.02	$ (0.04)
Discontinued operations (in usd per share)	0.00	0.00	0.00	(0.28)
Net income (loss) - basic (in usd per share)	0.01	0.03	0.02	(0.32)
Diluted:
Continuing operations (in usd per share)	0.01	0.03	0.02	(0.04)
Discontinued operations (in usd per share)	0.00	0.00	0.00	(0.28)
Net income (loss) - diluted (in usd per share)	$ 0.01	$ 0.03	$ 0.02	$ (0.32)
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive effect of assumed conversion of options to purchase (in shares)	1,408,277	0	882,263	0
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive effect of assumed conversion of options to purchase (in shares)	329,808	0	262,567	0
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive effect of assumed conversion of options to purchase (in shares)	5,836	0	1,101	0

Income (loss) per share - Schedule of Antidilutive Securities Excluded from Computation of Earnings (Loss) per Share (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	3,520,000	6,510,779	5,150,502	9,425,696
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	110,000	3,750,003	1,740,502	6,664,920
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	2,060,000	2,623,776	2,060,000	2,623,776
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	1,350,000	137,000	1,350,000	137,000

Discontinued operations - Disposal of Discontinued Activity (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Major classes of line items constituting loss from discontinued operations:
Loss from operations of discontinued operations, net of $0 income taxes	$ 0	$ 0	$ 0	$ (2,084,000)
Loss on disposal of discontinued operations, net of $0 income taxes	0	0	0	(19,040,000)
Net loss from discontinued operations	0	0	0	(21,124,000)
Discontinued operation, tax effect of gain (loss) from disposal of discontinued operation	$ 0	$ 0	$ 0	0
Discontinued Operations, Disposed of \| Red Violet, Inc.
Major classes of line items constituting loss from discontinued operations:
Revenue				3,325,000
Cost of revenue (exclusive of depreciation and amortization)				2,017,000
Sales and marketing expenses				1,089,000
General and administrative expenses				1,852,000
Depreciation and amortization				451,000
Loss from operations of discontinued operations, net of $0 income taxes				(2,084,000)
Loss on disposal of discontinued operations, net of $0 income taxes				(19,040,000)
Net loss from discontinued operations				(21,124,000)
Discontinued operation, tax effect of income (loss) from discontinued operation during phase-out period				0
Discontinued operation, tax effect of gain (loss) from disposal of discontinued operation				$ 0

Discontinued operations - Schedule of Gain (Loss) on Disposal Activity (Detail) - Red Violet, Inc. - Discontinued Operations, Disposed of $ in Thousands	6 Months Ended
	Jun. 30, 2018 USD ($)
Loss On Disposal Of Discontinued Operations [Line Items]
Share-based compensation expense	$ 15,548
Write-off of unamortized debt costs	284
Write-off of certain prepaid expenses	198
Spin-off related professional fees	2,012
Spin-off related employee compensation	998
Loss on disposal of discontinued operations	$ 19,040

Discontinued operations - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Share-based compensation expense	$ 2,954	$ 2,614		$ 5,229	$ 24,975
Red Violet, Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Spinoff transaction costs			$ 7,708
Red Violet, Inc. \| Spin-off Transaction Costs
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Share-based compensation expense			2,299
Common Stock Grants \| Red Violet, Inc. \| Transaction Grants
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Non-cash share-based compensation expense			$ 5,409
Share vested not delivered (in shares)			2,041,000	644,419
Discontinued Operations, Disposed of \| Red Violet, Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal of discontinued operations					19,040
Loss on disposal of discontinued operations, non-cash charges					$ 16,030

Lease commitments - Components of Lease Costs (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)
Operating leases:
Rent expense	$ 502	$ 991
Financing lease:
Leased furniture, fixtures and office equipment depreciation expense	73	97
Interest expense	11	22
Short-term leases:
Rent expense	32	257
Total lease costs	$ 618	$ 1,367
Weighted average remaining lease term
Operating Leases	6 years 4 months	6 years 4 months
Financing Lease	6 years 5 months	6 years 5 months
Weighted average discount rate
Operating Leases	5.00%	5.00%
Financing Lease	5.00%	5.00%

Lease commitments - Schedule of Future Maturities (Details) $ in Thousands	Jun. 30, 2019 USD ($)
Operating Leases
Remainder of 2019	$ 1,092
2020	2,186
2021	2,136
2022	2,077
2023	2,222
Thereafter	4,109
Total undiscounted cash flows	13,822
Less: imputed interest	(1,991)
Present value of lease liabilities	11,831
Financing Lease
Remainder of 2019	76
2020	157
2021	157
2022	158
2023	169
Thereafter	312
Total undiscounted cash flows	1,029
Less: imputed interest	(154)
Present value of lease liabilities	$ 875

Lease commitments - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows provided by operating leases	$ (472)	$ (297)
Operating cash flows used for financing lease	11	24
Lease liabilities related to the acquisition of right-of-use assets:
Operating leases	48	117
Cash reimbursements for tenant improvements	$ 640	$ 640

Intangible assets, net - Intangible Assets Other than Goodwill (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 99,828	$ 99,090
Accumulated amortization	(43,245)	(37,278)
Total	56,583	61,812
Software developed for internal use
Finite-Lived Intangible Assets [Line Items]
Gross amount	3,775	3,037
Accumulated amortization	(1,425)	(1,282)
Total	$ 2,350	1,755
Estimated useful life of intangible assets	3 years
Acquired proprietary technology
Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 11,459	11,459
Accumulated amortization	(8,127)	(6,987)
Total	$ 3,332	4,472
Estimated useful life of intangible assets	5 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 34,986	34,986
Accumulated amortization	(16,810)	(14,417)
Total	$ 18,176	20,569
Customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	7 years
Customer relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	10 years
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 16,357	16,357
Accumulated amortization	(2,913)	(2,504)
Total	$ 13,444	13,853
Estimated useful life of intangible assets	20 years
Domain names
Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 191	191
Accumulated amortization	(34)	(29)
Total	$ 157	162
Estimated useful life of intangible assets	20 years
Databases
Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 31,292	31,292
Accumulated amortization	(12,377)	(10,573)
Total	$ 18,915	20,719
Databases \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	5 years
Databases \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	10 years
Non-competition agreements
Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 1,768	1,768
Accumulated amortization	(1,559)	(1,486)
Total	$ 209	$ 282
Non-competition agreements \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	2 years
Non-competition agreements \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	5 years

Intangible assets, net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 3,127	$ 3,213	$ 6,252	$ 6,421
Software developed for internal use
Finite-Lived Intangible Assets [Line Items]
Intangible assets that have not started amortization	$ 897		$ 897

Intangible assets, net - Schedule of Estimated Amortization Expenses (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2019	$ 6,394
2020	12,637
2021	9,231
2022	8,148
2023	3,967
2024 and thereafter	16,206
Total	$ 56,583	$ 61,812

Goodwill - Additional Information (Detail) - USD ($)	6 Months Ended
Goodwill - Additional Information (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 159,791,000	$ 159,791,000
Impairment of goodwill	$ 0

Long-term debts, net - Summary of Long-term Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Principal amount	$ 57,225
Less: Current portion of long-term debt	(5,380)	$ (3,500)
Refinanced Term Loan, Due 2023
Debt Instrument [Line Items]
Principal amount	57,225	60,320
Less: Unamortized debt issuance costs	(4,200)	(4,848)
Long-term debt, net	53,025	55,472
Less: Current portion of long-term debt	(5,380)	(3,500)
Long-term debt, net (non-current)	$ 47,645	$ 51,972

Long-term debts, net - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended
	Mar. 26, 2018	Jun. 30, 2019
Promissory Note
Debt Instrument [Line Items]
Repayments of debt	$ 11,425
Refinanced Term Loan
Debt Instrument [Line Items]
Term loan	70,000
Debt instrument, principal amortization per quarter	875
Refinancing debt costs incurred	$ 193
Refinanced Term Loan \| Interest Rate Floor
Debt Instrument [Line Items]
Term loans, interest rate	0.50%
Refinanced Term Loan \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Term loans, interest rate	7.00%
Refinanced Term Loan \| Base Rate
Debt Instrument [Line Items]
Term loans, interest rate	6.00%
Term Loans
Debt Instrument [Line Items]
Repayments of term loan	$ 55,586
Prepayment premium	2,818
Unamortized debt costs	$ 3,136
Term Loan
Debt Instrument [Line Items]
Prepayment premium		$ 1,880

Long-term debts, net - Scheduled Future Maturities of Total Debts (Detail) $ in Thousands	Jun. 30, 2019 USD ($)
Debt Disclosure [Abstract]
Remainder of 2019	$ 3,630
2020	3,500
2021	3,500
2022	3,500
2023	43,095
Total maturities	$ 57,225

Income taxes - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Effective income tax rate, percentage	2.00%	(0.00%)
U.S. corporate statutory income tax rate	21.00%	34.00%
Unrecognized tax benefits	$ 1,480

Common stock, treasury stock and warrants - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	6 Months Ended
	Nov. 30, 2017	Jun. 30, 2019	Dec. 31, 2018	Jul. 09, 2018
Equity [Line Items]
Common stock, shares issued (in shares)		78,534,774	76,525,581
Treasury stock, shares (in shares)		1,785,489	1,233,198
Treasury stock, value		$ 6,351	$ 3,272
Warrants outstanding (in shares)		2,398,776	2,498,776
Common stock, par value (in usd per share)		$ 0.0005	$ 0.0005
Reclassification of puttable option from liability to equity		$ 1,150
Minimum
Equity [Line Items]
Exercise price of warrants (in usd per share)		$ 3.75
Maximum
Equity [Line Items]
Exercise price of warrants (in usd per share)		$ 6
Restricted Stock Units
Equity [Line Items]
Shares issued from vesting (in shares)		2,009,193
Common shares withheld to pay withholding taxes (in shares)		552,291
HIG Whitehorse SMAABFLP \| Whitehorse Warrants
Equity [Line Items]
Exercise price of warrants (in usd per share)				$ 3.00
Number of securities called by warrants or rights (in shares)				46,667
Common stock, par value (in usd per share)				$ 0.0005
HIG Whitehorse SMA Holdings ILLC \| Whitehorse Warrants
Equity [Line Items]
Exercise price of warrants (in usd per share)				$ 3.00
Number of securities called by warrants or rights (in shares)				66,666
Whitehorse Finance Inc \| Whitehorse Warrants
Equity [Line Items]
Exercise price of warrants (in usd per share)				$ 3.00
Number of securities called by warrants or rights (in shares)				186,667
Put Rights \| Whitehorse Warrants
Equity [Line Items]
Exercise price of warrants (in usd per share)				$ 3.8334
Warrants
Equity [Line Items]
Exercises in period (in shares)	300,000
Additional Paid-in Capital
Equity [Line Items]
Reclassification of puttable option from liability to equity		$ 1,150

Share-based compensation - Additional Information (Detail) $ / shares in Units, $ in Thousands			3 Months Ended			6 Months Ended
	Jan. 31, 2019 day $ / shares	Mar. 12, 2018 shares	Jun. 30, 2019 USD ($) shares	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($) shares	Jun. 30, 2019 USD ($) plan shares	Jun. 30, 2018 USD ($)	Jun. 28, 2019 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense						$ 5,229	$ 9,262
Share price (in usd per share) \| $ / shares								$ 5.38
Share-based compensation expense			$ 2,954	$ 2,614		5,229	24,975
Michael Brauser, Chairman of the Board
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares accelerated (in shares) \| shares					2,500,000
Share-based compensation expense							302
Share-based compensation expense					$ 6,468
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense			1,252	0		2,103	243
Unrecognized share-based compensation			3,597			3,597
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock or unit expense			1,732	$ 2,738		3,171	$ 25,196
Unrecognized share-based awards other than options			$ 16,282			$ 16,282
Unrecognized share-based compensation expense, period for recognition						2 years 6 months
Restricted Stock Units \| Michael Brauser, Chairman of the Board
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares accelerated (in shares) \| shares		2,500,000
Marlin Capital Investments, LLC \| Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares accelerated (in shares) \| shares		500,000
Accelerated share-based compensation expense					$ 906
Share vested not delivered (in shares) \| shares					500,000
2015 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based incentive plans \| plan						2
Number of shares authorized (in shares) \| shares			21,174,929			21,174,929
2018 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, capital shares reserved for future issuance (in shares) \| shares			3,879,683			3,879,683
The Acceleration
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares accelerated (in shares) \| shares		5,157,998
Accelerated share-based compensation expense					$ 14,667
The Acceleration \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares accelerated (in shares) \| shares		47,500
The Acceleration \| Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares accelerated (in shares) \| shares		4,960,498
The Acceleration \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares accelerated (in shares) \| shares		150,000
Spin-off Grants \| Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) \| shares					304,000
Spin-off Grants \| Common Stock Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense					$ 881
Transaction Grants \| Common Stock Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares vested period					3 years
The Acceleration and Spin-off Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accelerated share-based compensation expense					$ 15,548
Minimum \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period, weighted average grant date fair value (in usd per share) \| $ / shares	$ 2.81
Maximum \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period, weighted average grant date fair value (in usd per share) \| $ / shares	$ 2.86
Tranche One \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	50.00%
Purchase price of common stock, percent	125.00%
Threshold consecutive trading days \| day	20
Tranche Two \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	50.00%					50.00%
Purchase price of common stock, percent	156.25%
Threshold consecutive trading days \| day	20
Red Violet, Inc. \| Transaction Grants \| Common Stock Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share vested not delivered (in shares) \| shares					2,041,000	644,419
Non-cash share-based compensation expense					$ 5,409

Share-based compensation - Key Assumptions (Details) - Employee Stock Option	6 Months Ended
	Jun. 30, 2019 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price (in usd per share)	$ 4.72
Expected volatility	65.00%
Dividend yield	0.00%
Risk-free rate	2.61%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Term	1 year
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Term	1 year 3 months 18 days

Share-based compensation - Schedule of Stock Options Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Number of options
Beginning balance (in shares)	112,000
Granted (in shares)	2,064,000
Forfeited (in shares)	(56,000)
Ending balance (in shares)	2,120,000	112,000
Options exercisable (in shares)	112,000
Weighted average exercise price per share
Beginning balance (in usd per share)	$ 13.98
Granted (in usd per share)	4.72
Forfeited (in usd per share)	4.72
Ending balance (in usd per share)	5.20	$ 13.98
Options exercisable (in usd per share)	$ 13.98
Weighted average remaining contractual term
Outstanding	9 years 2 months	2 years 10 months
Granted	9 years 7 months
Options exercisable as of June 30, 2019	2 years 4 months
Aggregate intrinsic value
Outstanding	$ 1,303	$ 0
Options exercisable as of June 30, 2019	$ 5

Share-based compensation - Schedule of Restricted Share Units, Common Stock Grants and Restricted Stock Activity (Detail)	6 Months Ended
	Jun. 30, 2019 $ / shares shares
Restricted Stock Units, Common Stock Grants and Restricted Stock
Number of units
Beginning balance (in shares)	3,831,965
Granted (in shares)	1,835,930
Vested and delivered (in shares)	(1,456,902)
Withheld as treasury stock (in shares)	(552,291)
Vested not delivered (in shares)	95,915
Forfeitures (in shares)	(153,961)
Ending balance (in shares)	3,600,656
Weighted average grant-date fair value
Beginning balance (in usd per share) \| $ / shares	$ 7.95
Granted (in usd per share) \| $ / shares	4.89
Vested and delivered (in usd per share) \| $ / shares	4.03
Withheld as treasury stock (in usd per share) \| $ / shares	4.18
Vested not delivered (in usd per share) \| $ / shares	4.78
Forfeitures (in usd per share) \| $ / shares	3.54
Ending balance (in usd per share) \| $ / shares	$ 7.76
Outstanding shares vested and not delivered (in shares)	2,814,002
Restricted Stock Units and Restricted Stock
Number of units
Withheld as treasury stock (in shares)	(1,785,489)
Restricted Stock Units or Common Stock Grants
Weighted average grant-date fair value
Decrease in vested and unissued shares in prior period (in shares)	95,915
Restricted Stock Units or Common Stock Grants \| Spin-off Grants
Number of units
Vested and delivered (in shares)	(740,334)

Share-based compensation - Share-based Compensation Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share Based Compensation Expense Recognized [Line Items]
Share-based compensation expenses	$ 2,954	$ 2,614	$ 5,229	$ 24,975
Share-based compensation capitalized in intangible assets			45	283
Share-based compensation expenses, Total	2,984	2,738	5,274	25,439
Discontinued Operations
Share Based Compensation Expense Recognized [Line Items]
Share-based compensation expenses	0	0	0	15,713
Share-based compensation capitalized in intangible assets	0	0	0	181
Continuing Operations
Share Based Compensation Expense Recognized [Line Items]
Share-based compensation capitalized in intangible assets	30	124	45	283
Continuing Operations \| Sales and marketing
Share Based Compensation Expense Recognized [Line Items]
Share-based compensation expenses	160	742	529	1,408
Continuing Operations \| Product development
Share Based Compensation Expense Recognized [Line Items]
Share-based compensation expenses	277	193	522	351
Continuing Operations \| General and administrative
Share Based Compensation Expense Recognized [Line Items]
Share-based compensation expenses	2,517	1,679	4,178	2,094
Continuing Operations \| Spin-off transaction costs
Share Based Compensation Expense Recognized [Line Items]
Share-based compensation expenses	$ 0	$ 0	$ 0	$ 5,409

Segment information - Additional Information (Detail)	6 Months Ended
Segment information - Additional Information (Detail)	Jun. 30, 2019 segment
Segment Reporting Information [Line Items]
Number of operating segments	1
Number of reportable segments	1
Geographic Concentration Risk \| Revenue \| Outside of United States \| Maximum
Segment Reporting Information [Line Items]
Revenue	10.00%

Segment information - Schedule of Revenue by Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 70,560	$ 56,935	$ 137,121	$ 112,924
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	62,644	50,858	122,121	102,833
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 7,916	$ 6,077	$ 15,000	$ 10,091

Related party transactions (Detail) - USD ($) $ in Thousands				3 Months Ended			6 Months Ended
	Mar. 26, 2018	Mar. 12, 2018	Sep. 06, 2017	Jun. 30, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 08, 2015
Related Party Transaction [Line Items]
Promissory notes, interest rate									10.00%
Promissory notes									$ 10,000
Payment of principal and accrued interest of long-term debt							$ 3,095	$ 67,982
Share-based compensation expense							5,229	9,262
Share-based compensation expense				$ 2,954	$ 2,614		$ 5,229	24,975
Michael Brauser, Chairman of the Board
Related Party Transaction [Line Items]
Promissory notes									4,000
Cash paid for interest								426
Payment of principal and accrued interest of long-term debt	$ 4,570
Consultancy services agreement period			4 years
Share-based compensation expense								302
Shares accelerated (in shares)						2,500,000
Share-based compensation expense						$ 6,468
Another Investor
Related Party Transaction [Line Items]
Promissory notes									1,000
Cash paid for interest								107
Payment of principal and accrued interest of long-term debt	1,143
Marlin Capital Investments, LLC
Related Party Transaction [Line Items]
Number of common stock shares to be received by RSU holder (in shares)							2,000,000
Frost Gamma Investments Trust
Related Party Transaction [Line Items]
Promissory notes									$ 5,000
Cash paid for interest								533
Payment of principal and accrued interest of long-term debt	$ 5,713
Restricted Stock Units \| Michael Brauser, Chairman of the Board
Related Party Transaction [Line Items]
Shares accelerated (in shares)		2,500,000
Restricted Stock Units \| Marlin Capital Investments, LLC
Related Party Transaction [Line Items]
Share-based compensation expense (Benefit)								$ 1,792
Restricted share units, vested (in shares)						500,000
Accelerated share-based compensation expense						$ 906
Shares accelerated (in shares)		500,000

Subsequent events (Details) - Asset Purchase Agreement		6 Months Ended
Subsequent events (Details) - Asset Purchase Agreement	Jul. 01, 2019 USD ($) installment subsidiary	Jun. 30, 2019 USD ($)
AdParlor Acquisition, LLC And Fluent Media Canada, Inc
Subsequent Event [Line Items]
Transaction expenses in connection with acquisition		$ 448,000
Subsequent Event
Subsequent Event [Line Items]
Number of subsidiaries completing acquisition \| subsidiary	2
Subsequent Event \| AdParlor Acquisition, LLC And Fluent Media Canada, Inc
Subsequent Event [Line Items]
Asset acquisition, cash consideration	$ 7,500,000
Subsequent Event \| Notes Payable, Other Payables \| AdParlor Acquisition, LLC And Fluent Media Canada, Inc
Subsequent Event [Line Items]
Principal amount	$ 2,500,000
Number of installment payments \| installment	2