2024 Q1 Form 10-K Financial Statement

#000149315224012368 Filed on April 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $28.94M $70.60M $244.2M
YoY Change -43.67% 72.57% 1742.62%
Cost Of Revenue $20.01M $39.82M $142.2M
YoY Change -33.38% 131.59% 7.01%
Gross Profit $8.933M $30.78M $102.0M
YoY Change -58.15% 29.78% 15.85%
Gross Profit Margin 30.87% 43.6% 41.75%
Selling, General & Admin $14.70M $25.75M $118.3M
YoY Change -52.62% -0.01% -6.1%
% of Gross Profit 164.55% 83.66% 116.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.00K $6.596M $27.71M
YoY Change -41.23% -4.21% 3106.71%
% of Gross Profit 0.75% 21.43% 27.17%
Operating Expenses $16.88M $30.45M $137.2M
YoY Change -52.98% 0.56% -4.64%
Operating Profit -$7.951M $332.0K -$35.26M
YoY Change -45.4% -105.06% -36.91%
Interest Expense $4.339M -$4.740M -$17.97M
YoY Change 3.75% 62.44% -257.2%
% of Operating Profit -1427.71%
Other Income/Expense, Net -$4.728M -$541.0K -$1.010M
YoY Change -1.66% -91.96%
Pretax Income -$12.68M -$5.501M -$55.36M
YoY Change -34.54% -45.29% -19.12%
Income Tax $41.00K $54.00K $222.0K
% Of Pretax Income
Net Earnings -$103.4M -$5.555M -$55.58M
YoY Change 433.41% -59.44% -21.56%
Net Earnings / Revenue -357.13% -7.87% -22.76%
Basic Earnings Per Share -$3.91 -$2.49
Diluted Earnings Per Share -$3.91 -$0.23 -$2.49
COMMON SHARES
Basic Shares Outstanding 29.77M shares 23.83M shares 22.32M shares
Diluted Shares Outstanding 26.44M shares 22.32M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.003M $9.284M $9.284M
YoY Change -74.92% -33.07% -33.07%
Cash & Equivalents $4.003M $9.284M $9.284M
Short-Term Investments
Other Short-Term Assets $12.71M $36.30M $36.30M
YoY Change -71.4% 17.59% 17.59%
Inventory
Prepaid Expenses $2.539M $2.946M
Receivables $26.45M $44.81M $44.81M
Other Receivables $6.000K $0.00 $0.00
Total Short-Term Assets $43.17M $90.40M $90.40M
YoY Change -48.59% 14.87% 14.87%
LONG-TERM ASSETS
Property, Plant & Equipment $261.0K $504.0K $504.0K
YoY Change -53.81% -31.43% -54.47%
Goodwill $42.58M $42.58M
YoY Change 3.01% 8.21%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $733.0K $8.218M $8.218M
YoY Change -28.49% 620.88% -46.19%
Total Long-Term Assets $77.12M $98.48M $98.48M
YoY Change -36.12% -21.23% -21.23%
TOTAL ASSETS
Total Short-Term Assets $43.17M $90.40M $90.40M
Total Long-Term Assets $77.12M $98.48M $98.48M
Total Assets $120.3M $188.9M $188.9M
YoY Change -41.24% -7.29% -7.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.797M $10.36M $10.36M
YoY Change -43.09% -19.48% -19.48%
Accrued Expenses $26.79M $31.13M $31.13M
YoY Change 24.79% 34.75% 32.3%
Deferred Revenue $12.37M $59.79M
YoY Change -79.58% 1.84%
Short-Term Debt $102.3M $27.50M $27.50M
YoY Change 127.47% -43.77% -43.77%
Long-Term Debt Due $102.3M $102.3M $102.3M
YoY Change 55.22% 55.76% 55.76%
Total Short-Term Liabilities $268.2M $236.0M $236.0M
YoY Change 23.67% 9.09% 9.09%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $244.0K $11.09M $11.09M
YoY Change -95.41% 108.88% -57.13%
Total Long-Term Liabilities $244.0K $11.09M $11.09M
YoY Change -95.41% 108.88% -57.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $268.2M $236.0M $236.0M
Total Long-Term Liabilities $244.0K $11.09M $11.09M
Total Liabilities $269.7M $247.7M $247.7M
YoY Change 10.42% 2.07% 2.07%
SHAREHOLDERS EQUITY
Retained Earnings -$482.0M -$378.7M
YoY Change 40.75% 17.2%
Common Stock $332.5M $319.7M
YoY Change 14.74% 17.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$149.6M -$58.83M -$58.83M
YoY Change
Total Liabilities & Shareholders Equity $120.3M $188.9M $188.9M
YoY Change -41.24% -7.29% -7.29%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$103.4M -$5.555M -$55.58M
YoY Change 433.41% -59.44% -21.56%
Depreciation, Depletion And Amortization $67.00K $6.596M $27.71M
YoY Change -41.23% -4.21% 3106.71%
Cash From Operating Activities -$1.965M -$2.507M -$24.77M
YoY Change 17.52% -174.35% 119.14%
INVESTING ACTIVITIES
Capital Expenditures $713.0K $806.0K $3.773M
YoY Change -36.78% 611.89%
Acquisitions $500.0K
YoY Change -98.58%
Other Investing Activities $0.00 $1.061M $561.0K
YoY Change -100.0% -104.24% -101.71%
Cash From Investing Activities -$713.0K $255.0K -$3.212M
YoY Change -57.76% -100.97% -91.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $11.50M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$2.603M 4.246M 22.90M
YoY Change -147.76% -81.91% -57.93%
NET CHANGE
Cash From Operating Activities -$1.965M -2.507M -24.77M
Cash From Investing Activities -$713.0K 255.0K -3.212M
Cash From Financing Activities -$2.603M 4.246M 22.90M
Net Change In Cash -$5.281M 1.994M -5.089M
YoY Change -352.68% 251.06% -212.54%
FREE CASH FLOW
Cash From Operating Activities -$1.965M -$2.507M -$24.77M
Capital Expenditures $713.0K $806.0K $3.773M
Free Cash Flow -$2.678M -$3.313M -$28.55M
YoY Change 60.17% -257.99% 141.21%

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CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-2.49
CY2023 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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EarningsPerShareBasic
-2.49
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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WeightedAverageNumberOfSharesOutstandingBasic
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22323763 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17625619 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17625619 shares
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-52146000 usd
CY2023 AREN Stock Issued During Period Value Issuance Of Common Stock In Connection With Registered Direct Offering
StockIssuedDuringPeriodValueIssuanceOfCommonStockInConnectionWithRegisteredDirectOffering
11144000 usd
CY2023 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
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CY2023 AREN Stock Issued During Period Value Issuance Of Common Stock In Connection With Acquisition One
StockIssuedDuringPeriodValueIssuanceOfCommonStockInConnectionWithAcquisitionOne
2000000 usd
CY2023 AREN Stock Issued During Period Value Issuance Of Common Stock In Connection With Settlement Of Liquidated Damages
StockIssuedDuringPeriodValueIssuanceOfCommonStockInConnectionWithSettlementOfLiquidatedDamages
369000 usd
CY2023 AREN Adjustments To Additional Paid In Capital Gain Upon Issuance Of Common Stock In Connection With Settlement Of Liquidated Damages
AdjustmentsToAdditionalPaidInCapitalGainUponIssuanceOfCommonStockInConnectionWithSettlementOfLiquidatedDamages
130000 usd
CY2023 AREN Adjustments To Additional Paid In Capital Gain Upon Issuance Of Common Stock In Connection With Forgiveness Of Liquidated Damages
AdjustmentsToAdditionalPaidInCapitalGainUponIssuanceOfCommonStockInConnectionWithForgivenessOfLiquidatedDamages
3497000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
20076000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-55582000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-58995000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-51677000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-51677000 usd
CY2022 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
710000 usd
CY2022 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
3141000 usd
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
184000 usd
CY2022 AREN Stock Issued During Period Value Issuance Of Common Stock In Connection With Settlement Of Liquidated Damages
StockIssuedDuringPeriodValueIssuanceOfCommonStockInConnectionWithSettlementOfLiquidatedDamages
6685000 usd
CY2022 AREN Adjustments To Additional Paid In Capital Gain Upon Issuance Of Common Stock In Connection With Settlement Of Liquidated Damages
AdjustmentsToAdditionalPaidInCapitalGainUponIssuanceOfCommonStockInConnectionWithSettlementOfLiquidatedDamages
323000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
95000 usd
CY2022 AREN Stock Issued During Period Value Common Stock Withheld For Taxes
StockIssuedDuringPeriodValueCommonStockWithheldForTaxes
-4468000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
30490000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
33229000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-70858000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-52146000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-52146000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-55582000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-70858000 usd
CY2023 us-gaap Depreciation
Depreciation
352000 usd
CY2022 us-gaap Depreciation
Depreciation
539000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27354000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26570000 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2378000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1581000 usd
CY2023 AREN Noncash And Accrued Interest
NoncashAndAccruedInterest
-3824000 usd
CY2022 AREN Noncash And Accrued Interest
NoncashAndAccruedInterest
-320000 usd
CY2023 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
119000 usd
CY2022 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
466000 usd
CY2023 AREN Loss On Sale Of Assets
LossOnSaleOfAssets
325000 usd
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1010000 usd
CY2023 AREN Liquidating Damages Payable
LiquidatingDamagesPayable
583000 usd
CY2022 AREN Liquidating Damages Payable
LiquidatingDamagesPayable
1140000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
19060000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
31345000 usd
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
134000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-1200000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
315000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
658000 usd
CY2022 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
184000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11599000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2038000 usd
CY2023 AREN Increase Decrease In Subscription Acquisition Costs
IncreaseDecreaseInSubscriptionAcquisitionCosts
-3143000 usd
CY2022 AREN Increase Decrease In Subscription Acquisition Costs
IncreaseDecreaseInSubscriptionAcquisitionCosts
1667000 usd
CY2022 us-gaap Increase Decrease In Prepaid Royalties
IncreaseDecreaseInPrepaidRoyalties
-11250000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2157000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2280000 usd
CY2023 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
77000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
285000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2663000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-6535000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3453000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2996000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-7970000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3898000 usd
CY2023 AREN Increase Decrease In Subscription Refund Liability
IncreaseDecreaseInSubscriptionRefundLiability
-396000 usd
CY2022 AREN Increase Decrease In Subscription Refund Liability
IncreaseDecreaseInSubscriptionRefundLiability
-2379000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-231000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-218000 usd
CY2023 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-6147000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-3359000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-24772000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11304000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
530000 usd
CY2023 AREN Payments For Capitalized Platform Development
PaymentsForCapitalizedPlatformDevelopment
3773000 usd
CY2022 AREN Payments For Capitalized Platform Development
PaymentsForCapitalizedPlatformDevelopment
5179000 usd
CY2023 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
1061000 usd
CY2022 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
2450000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
500000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
35331000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3212000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
8000000 usd
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
34728000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5928000 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
5517000 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2104000 usd
CY2023 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
11500000 usd
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
32058000 usd
CY2023 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
167000 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1568000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
457000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
95000 usd
CY2023 AREN Payment Of Deferred Cash Payment
PaymentOfDeferredCashPayment
75000 usd
CY2022 AREN Payment Of Deferred Cash Payment
PaymentOfDeferredCashPayment
453000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1423000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4468000 usd
CY2022 AREN Payment Of Restricted Stock Liabilities
PaymentOfRestrictedStockLiabilities
2152000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22895000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
54416000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5089000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4522000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14373000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9851000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9284000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14373000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9284000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13871000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
502000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9284000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14373000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
12101000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
9528000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
85000 usd
CY2023 AREN Reclassification Of Stockbased Compensation To Platform Development
ReclassificationOfStockbasedCompensationToPlatformDevelopment
1016000 usd
CY2022 AREN Reclassification Of Stockbased Compensation To Platform Development
ReclassificationOfStockbasedCompensationToPlatformDevelopment
1884000 usd
CY2023 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
189000 usd
CY2022 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
441000 usd
CY2023 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
13008000 usd
CY2022 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
511000 usd
CY2023 us-gaap Stock Issued1
StockIssued1
499000 usd
CY2022 us-gaap Stock Issued1
StockIssued1
7008000 usd
CY2023 AREN Issuance Of Common Stock In Connection With Acquisition
IssuanceOfCommonStockInConnectionWithAcquisition
2000000 usd
CY2022 AREN Issuance Of Common Stock In Connection With Acquisition
IssuanceOfCommonStockInConnectionWithAcquisition
3141000 usd
CY2023 AREN Deferred Cash Payments Recorded In Connection With Acquisitions
DeferredCashPaymentsRecordedInConnectionWithAcquisitions
246000 usd
CY2022 AREN Deferred Cash Payments Recorded In Connection With Acquisitions
DeferredCashPaymentsRecordedInConnectionWithAcquisitions
949000 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
1246000 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
17110000 usd
CY2023 AREN Reclassification To Liability Upon Common Stock Modification
ReclassificationToLiabilityUponCommonStockModification
68000 usd
CY2022Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
one-for-twenty-two (1-for-22) reverse stock split
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-55582000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9284000 usd
CY2023Q4 AREN Working Capital Deficit
WorkingCapitalDeficit
145622000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84B_eus-gaap--UseOfEstimates_z8NcpjojKmQl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86F_z4pyTs3jB2Ci">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported results of operations during the reporting period. Significant estimates include: reserves for bad debt; capitalization of platform development and associated useful lives; goodwill and other acquired intangible assets and associated useful lives; assumptions used in accruals for potential liabilities; revenue recognition and estimates of standalone selling price of performance obligations for revenue contracts with multiple performance obligations; stock-based compensation and the determination of the fair value; valuation allowances for deferred tax assets and uncertain tax positions; accounting for business combinations; and assumptions used to calculate contingent liabilities. These estimates are based on information available as of the date of the consolidated financial statements; therefore, actual results could differ from management’s estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
449000 usd
CY2022Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
845000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
244203000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
220935000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
244203000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
220935000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
244203000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
220935000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
59786000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
58703000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
10679000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
19701000 usd
CY2023 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract
554000 usd
CY2022 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract
2986000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9284000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14373000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
502000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2236000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1578000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
315000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
658000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1570000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
981000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2236000 usd
CY2023 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
38112000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
37190000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
29706000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
25931000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
7215000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
14133000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
29706000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
7215000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_848_eus-gaap--ConcentrationRiskCreditRisk_zuFwj24pNbIb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_860_zdfqSnGTBc5i">Concentrations</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Significant Customers</i> – Concentration of credit risk with respect to accounts receivable is limited to customers to whom the Company makes significant sales. While a reserve for the potential write-off of accounts receivable is maintained, the Company has not written off any material accounts to date. To control credit risk, the Company performs regular credit evaluations of its customers’ financial condition.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Revenue from significant customers as a percentage of the Company’s total revenue represent approximately <span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--RevenueFromContractWithCustomerMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--CustomerMember_zThted2Odbo8" title="Percentage of revenue">10.0%</span> from a customer for the year ended December 31, 2023. Revenue from significant customers as a percentage of the Company’s total revenue represent <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--RevenueFromContractWithCustomerMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--CustomerMember_ziHFVgMQvzek" title="Percentage of revenue">13.9</span>% from a customer for the year ended December 31, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Significant Vendors</i> – Concentrations of risk with respect to third party vendors who provide products and services to the Company are limited. If not limited, such concentrations could impact profitability if a vendor failed to fulfill their obligations or if a significant vendor was unable to renew an existing contract and the Company was not able to replace the related product or service at the same cost.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Significant accounts payable balances as a percentage of the Company’s total accounts payable represent <span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--CustomerMember_zLCCYvLPg5sa" title="Percentage of revenue">12.2</span>%, and <span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--CustomerMember_zt1aDfZZD7h8" title="Percentage of revenue">14.1</span>% from a vendor for the years ended December 31, 2023, and 2022, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1249000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
328000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
735000 usd
CY2023 AREN Liquidated Damages Description
LiquidatedDamagesDescription
The Company incurred liquidated damages when: (i) a registration rights agreement provides for damages if the Company does not register the shares of the Company’s common stock within the requisite time frame (the “Registration Rights Damages”), which, in general, provides for a cash payment equal to 1.0% per month of the amount invested, on a daily pro rata basis for any portion of a month, as partial liquidated damages per month, upon the occurrence of certain events, up to a maximum amount of 6.0% of the aggregate amount invested, subject to interest at the rate of 1.0% per month until paid in full; and (ii) a securities purchase agreement provides for damages if the Company fails for any reason to satisfy a public information requirement within the requisite time frame with the Securities and Exchange Commission (“SEC”) (the “Public Information Failure Damages”), which, in general, provides for a cash payment equal to 1.0% of the aggregate amount invested for each 30-day period, or pro rata portion thereof, as partial liquidated damages per month, up to a maximum of 6 months, subject to interest at the rate of 1.0% per month until paid in full.
CY2023 us-gaap Depreciation
Depreciation
352000 usd
CY2022 us-gaap Depreciation
Depreciation
539000 usd
CY2023Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P0Y9M
CY2022 us-gaap Lease Cost
LeaseCost
969000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
486000 usd
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6674839000 shares
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
469000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y9M
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0990 pure
CY2022 us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
0 usd
CY2023 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
209000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
15854000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
263662000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-72798000 usd
CY2022 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Nature Of Adjustments
BusinessCombinationProvisionalInformationInitialAccountingIncompleteNatureOfAdjustments
The adjustments for the year ended December 31, 2022 of ($1,940), represents adjustments: (1) to record depreciation and amortization expense related to the fixed and intangible assets acquired from the acquisition of ($864); (2) to reverse the nonrecurring transaction cost related to the acquisition of $200; and (3) to reverse the deferred tax benefit related to the acquisition of ($1,276).
CY2022Q3 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2022Q4 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
25000000 usd
CY2022Q4 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
23000000 usd
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
1000000 usd
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
1000000 usd
CY2022Q4 AREN Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assumed Lease Obligation
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssumedLeaseObligation
2676000 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
3189000 usd
CY2022Q4 AREN Deferred Revenue Obligation
DeferredRevenueObligation
4078 usd
CY2022Q4 us-gaap Unearned Premiums
UnearnedPremiums
3941000 usd
CY2022Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
137000 usd
CY2022Q4 us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
283000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0990 pure
CY2023Q4 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
12299000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2946000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2321000 usd
CY2023Q4 AREN Prepaid Supplies Current
PrepaidSuppliesCurrent
773000 usd
CY2022Q4 AREN Prepaid Supplies Current
PrepaidSuppliesCurrent
927000 usd
CY2023Q4 AREN Refundable Income And Franchise Taxes
RefundableIncomeAndFranchiseTaxes
157000 usd
CY2022Q4 AREN Refundable Income And Franchise Taxes
RefundableIncomeAndFranchiseTaxes
957000 usd
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
209000 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
216000 usd
CY2023Q4 AREN Employee Retention Credits
EmployeeRetentionCredits
2468000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
45000 usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
20000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6598000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4441000 usd
CY2023 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
6868000 usd
CY2023 AREN Employee Retention Payable
EmployeeRetentionPayable
4400000 usd
CY2023Q4 AREN Employee Retention Credits
EmployeeRetentionCredits
2468000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1910000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1984000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1582000 usd
CY2023 us-gaap Lease Cost
LeaseCost
1052000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
1344000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
1187000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
292000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
218000 usd
CY2023 us-gaap Lease Cost
LeaseCost
1052000 usd
CY2022 us-gaap Lease Cost
LeaseCost
969000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
373000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
15000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
358000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
358000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
358000 usd
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1000000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4000000 usd
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
615000 usd
CY2023 AREN Marketing And Advertising Expense Remaining
MarketingAndAdvertisingExpenseRemaining
860000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
126681000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-88222000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
38459000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
126341000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-67371000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
58970000 usd
CY2023 us-gaap Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
21022000 usd
CY2022 us-gaap Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
20748000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
14544000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
3427000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
3214000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
3214000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
2964000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
11096000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
38459000 usd
CY2023Q4 us-gaap Security Deposit
SecurityDeposit
420000 usd
CY2022Q4 us-gaap Security Deposit
SecurityDeposit
420000 usd
CY2023Q4 us-gaap Other Receivables
OtherReceivables
90000 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
284000 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
504000 usd
CY2023Q4 AREN Unamortized Debt Cost
UnamortizedDebtCost
209000 usd
CY2022Q4 AREN Unamortized Debt Cost
UnamortizedDebtCost
216000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1003000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1140000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
39344000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
19619000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
39344000 usd
CY2023Q4 AREN General Accrued Expenses
GeneralAccruedExpenses
6486000 usd
CY2022Q4 AREN General Accrued Expenses
GeneralAccruedExpenses
6339000 usd
CY2023Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
5448000 usd
CY2022Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
5221000 usd
CY2023Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
7596000 usd
CY2022Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
4911000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
3824000 usd
CY2023Q4 AREN Liabilities In Connection With Acquisitions And Dispositions
LiabilitiesInConnectionWithAcquisitionsAndDispositions
1119000 usd
CY2022Q4 AREN Liabilities In Connection With Acquisitions And Dispositions
LiabilitiesInConnectionWithAcquisitionsAndDispositions
1123000 usd
CY2023Q4 us-gaap Lease Deposit Liability
LeaseDepositLiability
1328000 usd
CY2023Q4 AREN Lease Termination Liability
LeaseTerminationLiability
4481000 usd
CY2022Q4 AREN Lease Termination Liability
LeaseTerminationLiability
4753000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
489000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
755000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
30771000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
23102000 usd
CY2023Q4 AREN Registration Rights Damages
RegistrationRightsDamages
898000 usd
CY2023Q4 AREN Public Information Failure Damages
PublicInformationFailureDamages
940000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1086000 usd
CY2023Q4 AREN Liquidated Damages Payable Current And Non Current
LiquidatedDamagesPayableCurrentAndNonCurrent
2924000 usd
CY2023Q4 AREN Liquidated Damages Payable Current
LiquidatedDamagesPayableCurrent
2924000 usd
CY2023 AREN Liquidated Damages Payable Accrued Interest Percentage
LiquidatedDamagesPayableAccruedInterestPercentage
0.01 pure
CY2023Q4 AREN Liquidated Damages Payable Current And Non Current
LiquidatedDamagesPayableCurrentAndNonCurrent
2924000 usd
CY2023 AREN Percentage Of Aggregate Amount Invested
PercentageOfAggregateAmountInvested
0.06 pure
CY2022Q4 AREN Registration Rights Damages
RegistrationRightsDamages
2002000 usd
CY2022Q4 AREN Public Information Failure Damages
PublicInformationFailureDamages
2740000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1595000 usd
CY2022Q4 AREN Liquidated Damages Payable Current And Non Current
LiquidatedDamagesPayableCurrentAndNonCurrent
6337000 usd
CY2022Q4 AREN Liquidated Damages Payable Current
LiquidatedDamagesPayableCurrent
5843000 usd
CY2022Q4 AREN Liquidated Damages Payable Non Current
LiquidatedDamagesPayableNonCurrent
494000 usd
CY2022Q4 AREN Liquidated Damages Payable Current And Non Current
LiquidatedDamagesPayableCurrentAndNonCurrent
6337000 usd
CY2022Q4 AREN Lease Termination Liability Non Current
LeaseTerminationLiabilityNonCurrent
3621000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
350000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1486000 usd
CY2023Q4 AREN Other Long Term Liabilities Noncurrent
OtherLongTermLiabilitiesNoncurrent
56000 usd
CY2022Q4 AREN Other Long Term Liabilities Noncurrent
OtherLongTermLiabilitiesNoncurrent
200000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
406000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5307000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9284000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13871000 usd
CY2023Q4 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
7887000 usd
CY2023Q4 us-gaap Financial Instruments Owned Other At Fair Value
FinancialInstrumentsOwnedOtherAtFairValue
102309000 usd
CY2023Q4 us-gaap Share Price
SharePrice
2.38
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1010000 usd
CY2023Q4 AREN Unearned Revenue
UnearnedRevenue
523000 usd
CY2022Q4 AREN Unearned Revenue
UnearnedRevenue
1154000 usd
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
13852000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
102691000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
382000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
102309000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
66691000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1007000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
65684000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
102309000 usd
CY2023 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
102691000 usd
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2378000 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1581000 usd
CY2023 AREN Noncash And Accrued Interest
NoncashAndAccruedInterest
-3824000 usd
CY2022 AREN Noncash And Accrued Interest
NoncashAndAccruedInterest
-320000 usd
CY2023 us-gaap Interest Paid
InterestPaid
12101000 usd
CY2022 us-gaap Interest Paid
InterestPaid
9527000 usd
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
338000 usd
CY2023 us-gaap Interest Expense
InterestExpense
17965000 usd
CY2022 us-gaap Interest Expense
InterestExpense
11428000 usd
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2023 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
1759224 shares
CY2022Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
8.25
CY2023 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
32058000 usd
CY2023Q4 AREN Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonvestedWeightedAverageGrantDateFairValue
13.55
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
38026 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
42635 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
232816 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
321000 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
583143 shares
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y3M10D
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 usd
CY2023Q4 us-gaap Share Price
SharePrice
2.38
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Accelerated Vesting Number
SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedVestingNumber
450560 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P10Y
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
380000 usd
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.82
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.82
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
4343017 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
6061000 usd
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
143000 usd
CY2022Q1 AREN Original Award At The Repricing Date
OriginalAwardAtTheRepricingDate
5918000 usd
CY2023 AREN Schedule Of Unrecognized Compensation Expense
ScheduleOfUnrecognizedCompensationExpense
<p id="xdx_89A_ecustom--ScheduleOfUnrecognizedCompensationExpense_z5zoP8UKu54f" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unrecognized compensation expense related to the stock-based compensation awards and equity-based awards as of December 31, 2023 was as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BA_zSpQfxxmfmD5" style="display: none">Schedule of Unrecognized Compensation Expense</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="14" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">As of December 31, 2023</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Restricted<br/> Stock</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Common <br/> Stock Options</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">ABG Warrants</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Totals</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; text-align: left">Unrecognized compensation expense</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions_iI_pn3n3_c20231231__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zK2fgOgUbWok" style="width: 12%; text-align: right" title="Unrecognized compensation expense">1,191</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions_iI_pn3n3_c20231231__us-gaap--AwardTypeAxis__custom--CommonStockAwardsMember__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zIfBhtP9vhp" style="width: 12%; text-align: right" title="Unrecognized compensation expense">4,192</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions_iI_pn3n3_c20231231__us-gaap--AwardTypeAxis__custom--ABGWarrantsMember__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zTvMG4y7ZrHf" style="width: 12%; text-align: right" title="Unrecognized compensation expense">26</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions_iI_pn3n3_c20231231__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zxz6nz9YmTF6" style="width: 12%; text-align: right" title="Unrecognized compensation expense">5,409</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Weighted average period expected to be recognized (in years)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_dtY_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zmt8Fp8nBx29" title="Weighted average period expected to be recognized (in years)">1.84</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_dtY_c20230101__20231231__us-gaap--AwardTypeAxis__custom--CommonStockAwardsMember__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zEXcy2KCOGzd" title="Weighted average period expected to be recognized (in years)">1.33</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_dtY_c20230101__20231231__us-gaap--AwardTypeAxis__custom--ABGWarrantsMember__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zbEEcYF3gId7" title="Weighted average period expected to be recognized (in years)">2.01</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_dtY_c20230101__20231231__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zPB1D1Ix63w8" title="Weighted average period expected to be recognized (in years)">1.45</span></td><td style="text-align: left"> </td></tr> </table>
CY2023Q4 AREN Liquidated Damages Payable
LiquidatedDamagesPayable
583000 usd
CY2022Q4 AREN Liquidated Damages Payable
LiquidatedDamagesPayable
1140000 usd
CY2023 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
583000 usd
CY2022 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
652000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-88000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-77000 usd
CY2023 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
-88000 usd
CY2022 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
-77000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
57000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-985000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
77000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-155000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
134000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1140000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
222000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1063000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
52353000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
51023000 usd
CY2023Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
10028000 usd
CY2022Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
5444000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
264000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
264000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
388000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
757000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
891000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
1340000 usd
CY2023Q4 AREN Lease Termination
LeaseTermination
1017000 usd
CY2022Q4 AREN Lease Termination
LeaseTermination
1869000 usd
CY2023Q4 AREN Deferred Tax Assets Liquidating Damages Payable
DeferredTaxAssetsLiquidatingDamagesPayable
794000 usd
CY2022Q4 AREN Deferred Tax Assets Liquidating Damages Payable
DeferredTaxAssetsLiquidatingDamagesPayable
1717000 usd
CY2023Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
5148000 usd
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
3744000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
7229000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
6931000 usd
CY2023Q4 AREN Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
58000 usd
CY2022Q4 AREN Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
118000 usd
CY2023Q4 AREN Deferred Tax Assets Depreciation And Amortization
DeferredTaxAssetsDepreciationAndAmortization
4146000 usd
CY2022Q4 AREN Deferred Tax Assets Depreciation And Amortization
DeferredTaxAssetsDepreciationAndAmortization
3706000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
82316000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
76913000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
76367000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
65406000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
5949000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
11507000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
6548000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
11972000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6548000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
11972000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
599000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
465000 usd
CY2023 AREN Net Operating Loss Expiration Amount
NetOperatingLossExpirationAmount
55558000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-11626000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-14375000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2526000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.046 pure
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3429000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
3472000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.063 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
3894000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.057 pure
CY2023 AREN Effective Income Tax Rate Reconciliation Unearned Revenue
EffectiveIncomeTaxRateReconciliationUnearnedRevenue
-562000 usd
CY2023 AREN Effective Income Tax Rate Reconciliation Unearned Revenue Percentage
EffectiveIncomeTaxRateReconciliationUnearnedRevenuePercentage
0.010 pure
CY2022 AREN Effective Income Tax Rate Reconciliation Unearned Revenue
EffectiveIncomeTaxRateReconciliationUnearnedRevenue
-696000 usd
CY2022 AREN Effective Income Tax Rate Reconciliation Unearned Revenue Percentage
EffectiveIncomeTaxRateReconciliationUnearnedRevenuePercentage
0.010 pure
CY2023 AREN Effective Income Tax Rate Reconciliation Interest Expense
EffectiveIncomeTaxRateReconciliationInterestExpense
62000 usd
CY2023 AREN Effective Income Tax Rate Reconciliation Interest Expense Percentage
EffectiveIncomeTaxRateReconciliationInterestExpensePercentage
-0.001 pure
CY2022 AREN Effective Income Tax Rate Reconciliation Interest Expense
EffectiveIncomeTaxRateReconciliationInterestExpense
56000 usd
CY2022 AREN Effective Income Tax Rate Reconciliation Interest Expense Percentage
EffectiveIncomeTaxRateReconciliationInterestExpensePercentage
-0.001 pure
CY2023 AREN Effective Income Tax Rate Reconciliation Gain On Debt Extinguishment Percentage
EffectiveIncomeTaxRateReconciliationGainOnDebtExtinguishmentPercentage
0.000 pure
CY2022 AREN Effective Income Tax Rate Reconciliation Gain On Debt Extinguishment
EffectiveIncomeTaxRateReconciliationGainOnDebtExtinguishment
-760000 usd
CY2022 AREN Effective Income Tax Rate Reconciliation Gain On Debt Extinguishment Percentage
EffectiveIncomeTaxRateReconciliationGainOnDebtExtinguishmentPercentage
0.000 pure
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
678000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.012 pure
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-997000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.016 pure
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
10961000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.198 pure
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
14959000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.219 pure
CY2023 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-237000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.004 pure
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
285000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.004 pure
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
222000 usd
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.004 pure
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1063000 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.016 pure
CY2023 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
The plan allows for discretionary matching contributions by the Company, up to 4% of eligible annual compensation made by participants of the plan
CY2023 us-gaap Multiemployer Plan Pension Significant Plan Contribution
MultiemployerPlanPensionSignificantPlanContribution
2125000 usd
CY2022 us-gaap Multiemployer Plan Pension Significant Plan Contribution
MultiemployerPlanPensionSignificantPlanContribution
1808000 usd
CY2023 us-gaap Debt Instrument Description
DebtInstrumentDescription
(1) the 2023 Notes until paid in full; (2) then to the 2022 Bridge Notes until paid in full; (3) then to the Delayed Draw Terms Notes until paid in full; and (4) then to the Senior Secured Notes. All borrowings under the Notes are collateralized by substantially all assets of the Company secured by liens and guaranteed by the Company’s subsidiaries. The Notes provide for a default interest rate equal to the rate of interest in effect at the time of default plus 4.0%, along with other provision for acceleration of the Notes under certain conditions. The Notes provide for certain affirmative covenants, including certain financial reporting obligations.
CY2023Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
110691000 usd

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