$AREN
Arena Group Holdings, Inc.

2024 Q4 Form 10-Q Financial Statement

#000149315224045851 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $33.56M
YoY Change -47.09%
Cost Of Revenue $16.56M
YoY Change -53.01%
Gross Profit $16.99M
YoY Change -39.68%
Gross Profit Margin 50.64%
Selling, General & Admin $8.034M
YoY Change -73.48%
% of Gross Profit 47.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $56.00K
YoY Change -29.11%
% of Gross Profit 0.33%
Operating Expenses $8.939M
YoY Change -74.48%
Operating Profit $8.054M
YoY Change -217.54%
Interest Expense $3.159M
YoY Change -21.85%
% of Operating Profit 39.22%
Other Income/Expense, Net -$3.236M
YoY Change -23.91%
Pretax Income $4.818M
YoY Change -143.39%
Income Tax $40.00K
% Of Pretax Income 0.83%
Net Earnings $3.956M
YoY Change -135.43%
Net Earnings / Revenue 11.79%
Basic Earnings Per Share $0.11
Diluted Earnings Per Share $0.11
COMMON SHARES
Basic Shares Outstanding 47.47M shares 29.59M shares
Diluted Shares Outstanding 37.61M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $5.773M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses $2.917M
Receivables $25.86M
Other Receivables
Total Short-Term Assets $37.83M
YoY Change -55.02%
LONG-TERM ASSETS
Property, Plant & Equipment $196.0K
YoY Change -51.49%
Goodwill $42.58M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $356.0K
YoY Change -65.8%
Total Long-Term Assets $76.39M
YoY Change -28.92%
TOTAL ASSETS
Total Short-Term Assets $37.83M
Total Long-Term Assets $76.39M
Total Assets $114.2M
YoY Change -40.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.192M
YoY Change -63.01%
Accrued Expenses $23.39M
YoY Change -9.23%
Deferred Revenue $7.574M
YoY Change -88.12%
Short-Term Debt $102.4M
YoY Change 343.88%
Long-Term Debt Due $102.4M
YoY Change 412.53%
Total Short-Term Liabilities $247.4M
YoY Change 62.3%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $46.00K
YoY Change -93.93%
Total Long-Term Liabilities $46.00K
YoY Change -99.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $247.4M
Total Long-Term Liabilities $46.00K
Total Liabilities $251.5M
YoY Change 0.34%
SHAREHOLDERS EQUITY
Retained Earnings -$486.2M
YoY Change 30.33%
Common Stock $348.8M
YoY Change 11.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$137.5M
YoY Change
Total Liabilities & Shareholders Equity $114.2M
YoY Change -40.38%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $3.956M
YoY Change -135.43%
Depreciation, Depletion And Amortization $56.00K
YoY Change -29.11%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

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dei Entity File Number
EntityFileNumber
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dei Entity Registrant Name
EntityRegistrantName
THE ARENA GROUP HOLDINGS, INC.
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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dei Entity Address Address Line1
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dei Entity Address Address Line2
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dei Entity Address City Or Town
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dei Security12b Title
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Common Stock, par value $0.01
dei Trading Symbol
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CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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4818000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
52000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
4778000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.13
CY2024Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.13
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.37
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.37
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.48
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.48
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.61
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.61
CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.02
CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-2.96
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.70
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37610058 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23445675 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23445675 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31291641 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31291641 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21567166 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21567166 shares
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-157201000 usd
CY2024Q3 AREN Stock Issued During Period Value In Connection With Exchange Of Debt
StockIssuedDuringPeriodValueInConnectionWithExchangeOfDebt
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CY2024Q3 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
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CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
777000 usd
AREN Stock Issued During Period Value In Connection With Exchange Of Debt
StockIssuedDuringPeriodValueInConnectionWithExchangeOfDebt
15000000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
12000000 usd
AREN Stock Issued During Period Value Common Stock Withheld For Taxes
StockIssuedDuringPeriodValueCommonStockWithheldForTaxes
-497000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
379000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2981000 usd
us-gaap Net Income Loss
NetIncomeLoss
-107589000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-137479000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-64191000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
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CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4599000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-11166000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-59250000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-52146000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-52146000 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
13008000 usd
AREN Stock Issued During Period Value Issuance Of Common Stock In Connection With Acquisition One
StockIssuedDuringPeriodValueIssuanceOfCommonStockInConnectionWithAcquisitionOne
2000000 usd
AREN Stock Issued During Period Value Issuance Of Common Stock In Connection With Settlement Of Liquidated Damages
StockIssuedDuringPeriodValueIssuanceOfCommonStockInConnectionWithSettlementOfLiquidatedDamages
369000 usd
AREN Adjustments To Additional Paid In Capital Gain Upon Issuance Of Common Stock In Connection With Settlement Of Liquidated Damages
AdjustmentsToAdditionalPaidInCapitalGainUponIssuanceOfCommonStockInConnectionWithSettlementOfLiquidatedDamages
130000 usd
AREN Stock Issued During Period Value Common Stock Withheld For Taxes
StockIssuedDuringPeriodValueCommonStockWithheldForTaxes
-1423000 usd
AREN Stock Issued During Period Value Issuance Of Common Stock In Connection With Registered Direct Offering
StockIssuedDuringPeriodValueIssuanceOfCommonStockInConnectionWithRegisteredDirectOffering
11144000 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
-68000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17763000 usd
us-gaap Net Income Loss
NetIncomeLoss
-50027000 usd
us-gaap Net Income Loss
NetIncomeLoss
-50027000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-59250000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-59250000 usd
us-gaap Net Income Loss
NetIncomeLoss
-107589000 usd
us-gaap Net Income Loss
NetIncomeLoss
-50027000 usd
us-gaap Depreciation
Depreciation
186000 usd
us-gaap Depreciation
Depreciation
276000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9550000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20834000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
626000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2178000 usd
AREN Noncash And Accrued Interest
NoncashAndAccruedInterest
-8423000 usd
AREN Noncash And Accrued Interest
NoncashAndAccruedInterest
-754000 usd
us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
40589000 usd
us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
119000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-313000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-469000 usd
AREN Liquidating Damages Payable
LiquidatingDamagesPayable
229000 usd
AREN Liquidating Damages Payable
LiquidatingDamagesPayable
455000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2736000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
16978000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
93000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
109000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1269000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
217000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-19000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-17051000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4213000 usd
AREN Increase Decrease In Subscription Acquisition Costs
IncreaseDecreaseInSubscriptionAcquisitionCosts
-6131000 usd
AREN Increase Decrease In Subscription Acquisition Costs
IncreaseDecreaseInSubscriptionAcquisitionCosts
1631000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2465000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
62000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
35069000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1670000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-17145000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-146000 usd
AREN Increase Decrease In Subscription Refund Liability
IncreaseDecreaseInSubscriptionRefundLiability
70000 usd
AREN Increase Decrease In Subscription Refund Liability
IncreaseDecreaseInSubscriptionRefundLiability
-95000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-445000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-171000 usd
AREN Increase Decrease In Contingent Consideration
IncreaseDecreaseInContingentConsideration
-1683000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-360000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-5795000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7507000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54000 usd
AREN Payments For Capitalized Platform Development
PaymentsForCapitalizedPlatformDevelopment
2765000 usd
AREN Payments For Capitalized Platform Development
PaymentsForCapitalizedPlatformDevelopment
2967000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
500000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2819000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3467000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
5703000 usd
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
561000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
3211000 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
12000000 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
16100000 usd
AREN Proceeds From Common Stock Registered Direct Offering
ProceedsFromCommonStockRegisteredDirectOffering
11500000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
167000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
100000 usd
AREN Payment Of Deferred Cash Payment
PaymentOfDeferredCashPayment
200000 usd
AREN Payment Of Deferred Cash Payment
PaymentOfDeferredCashPayment
75000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
497000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1423000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6815000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
18649000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3511000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7083000 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
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5773000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7290000 usd
us-gaap Interest Paid Net
InterestPaidNet
2698000 usd
us-gaap Interest Paid Net
InterestPaidNet
10835000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
85000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
85000 usd
AREN Reclassification Of Stockbased Compensation To Platform Development
ReclassificationOfStockbasedCompensationToPlatformDevelopment
245000 usd
AREN Reclassification Of Stockbased Compensation To Platform Development
ReclassificationOfStockbasedCompensationToPlatformDevelopment
785000 usd
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
189000 usd
AREN Repurchase Of Common Stock For Option
RepurchaseOfCommonStockForOption
379000 usd
AREN Issuance Of Common Stock Pursuant To Common Stock Purchase Agreement In Connection With Exchange Of Debt
IssuanceOfCommonStockPursuantToCommonStockPurchaseAgreementInConnectionWithExchangeOfDebt
15000000 usd
us-gaap Stock Issued1
StockIssued1
499000 usd
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
13008000 usd
AREN Issuance Of Common Stock In Connection With Acquisition
IssuanceOfCommonStockInConnectionWithAcquisition
2000000 usd
AREN Deferred Cash Payments Recorded In Connection With Acquisitions
DeferredCashPaymentsRecordedInConnectionWithAcquisitions
246000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
1246000 usd
AREN Reclassification To Liability Upon Common Stock Modification
ReclassificationToLiabilityUponCommonStockModification
68000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-14880000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5773000 usd
CY2024Q3 AREN Working Capital Deficit
WorkingCapitalDeficit
209596000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84E_eus-gaap--UseOfEstimates_zFenfCgtkduk" 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><span id="xdx_86E_zJg5j5Ty6ym">Use of Estimates</span></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"><b><i> </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">The preparation of the Company’s condensed 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 condensed consolidated financial statements and the reported results of operations during the reporting period. Significant estimates include: allowance for credit losses; capitalization of platform development costs 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 condensed 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>
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4342053000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4342053000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2024Q3 AREN Termination Fee Liability
TerminationFeeLiability
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AREN Impairment Of Intangible Assets
ImpairmentOfIntangibleAssets
39391000 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
8601000 usd
us-gaap Deferred Policy Acquisition Costs Impairment Loss
DeferredPolicyAcquisitionCostsImpairmentLoss
30790000 usd
CY2024Q3 AREN Disposal Group Including Discontinued Operation Royalty Fee Liability
DisposalGroupIncludingDiscontinuedOperationRoyaltyFeeLiability
3750000 usd
CY2024Q3 AREN Termination Fee Liability
TerminationFeeLiability
45000000 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
25858000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
31676000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
374000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1036000 usd
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
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CY2023 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
315000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
977000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
374000 usd
CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2917000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2139000 usd
CY2024Q3 AREN Prepaid Supplies Current
PrepaidSuppliesCurrent
141000 usd
CY2023Q4 AREN Prepaid Supplies Current
PrepaidSuppliesCurrent
773000 usd
CY2024Q3 AREN Refundable Income And Franchise Taxes
RefundableIncomeAndFranchiseTaxes
149000 usd
CY2023Q4 AREN Refundable Income And Franchise Taxes
RefundableIncomeAndFranchiseTaxes
157000 usd
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
209000 usd
CY2024Q3 AREN Employee Retention Credits
EmployeeRetentionCredits
2468000 usd
CY2023Q4 AREN Employee Retention Credits
EmployeeRetentionCredits
2468000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
45000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5675000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5791000 usd
us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
6868000 usd
CY2024Q3 AREN Employee Retention Credits
EmployeeRetentionCredits
2468000 usd
CY2023Q4 AREN Employee Retention Credits
EmployeeRetentionCredits
2468000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1964000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1910000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1768000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1582000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
196000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
328000 usd
CY2024Q3 us-gaap Depreciation
Depreciation
56000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
79000 usd
us-gaap Depreciation
Depreciation
186000 usd
us-gaap Depreciation
Depreciation
276000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
52793000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-29153000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23640000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
54115000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-26658000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
27457000 usd
CY2024Q3 us-gaap Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
849000 usd
CY2023Q3 us-gaap Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
1572000 usd
us-gaap Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
2619000 usd
us-gaap Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
5070000 usd
CY2024Q3 AREN General Accrued Expenses
GeneralAccruedExpenses
4748000 usd
CY2023Q4 AREN General Accrued Expenses
GeneralAccruedExpenses
5551000 usd
CY2024Q3 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
3457000 usd
CY2023Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
4515000 usd
CY2024Q3 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
2426000 usd
CY2023Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
7596000 usd
CY2024Q3 us-gaap Interest Payable Current
InterestPayableCurrent
11220000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
3824000 usd
CY2024Q3 AREN Liabilities In Connection With Acquisitions And Dispositions
LiabilitiesInConnectionWithAcquisitionsAndDispositions
66000 usd
CY2023Q4 AREN Liabilities In Connection With Acquisitions And Dispositions
LiabilitiesInConnectionWithAcquisitionsAndDispositions
1119000 usd
CY2024Q3 us-gaap Lease Deposit Liability
LeaseDepositLiability
747000 usd
CY2023Q4 us-gaap Lease Deposit Liability
LeaseDepositLiability
1328000 usd
CY2024Q3 AREN Lease Termination Liability
LeaseTerminationLiability
246000 usd
CY2023Q4 AREN Lease Termination Liability
LeaseTerminationLiability
4481000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
476000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
489000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
23386000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
28903000 usd
us-gaap Lease Cost
LeaseCost
308000 usd
us-gaap Lease Cost
LeaseCost
758000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
916000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
362000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2583000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y2M1D
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y3D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1085 pure
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0990 pure
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
150000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
259000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
682000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
922000 usd
CY2024Q3 us-gaap Sublease Income
SubleaseIncome
125000 usd
CY2023Q3 us-gaap Sublease Income
SubleaseIncome
55000 usd
us-gaap Sublease Income
SubleaseIncome
374000 usd
us-gaap Sublease Income
SubleaseIncome
164000 usd
CY2024Q3 us-gaap Lease Cost
LeaseCost
25000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
204000 usd
us-gaap Lease Cost
LeaseCost
308000 usd
us-gaap Lease Cost
LeaseCost
758000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
652000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
652000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
652000 usd
CY2024Q3 AREN Purchase Obligation Due After Fourth Year
PurchaseObligationDueAfterFourthYear
1249000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3205000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1047000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2158000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
247000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1911000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2158000 usd
CY2024Q3 AREN Operating Lease Cash Payments
OperatingLeaseCashPayments
4000000 usd
us-gaap Advertising Expense
AdvertisingExpense
246000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
42575000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
39344000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
42575000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
42575000 usd
CY2024Q3 AREN Registration Rights Damages
RegistrationRightsDamages
899000 usd
CY2024Q3 AREN Public Information Failure Damages
PublicInformationFailureDamages
940000 usd
CY2024Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1314000 usd
CY2024Q3 AREN Liquidated Damages Payable Current And Non Current
LiquidatedDamagesPayableCurrentAndNonCurrent
3153000 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
CY2024Q3 AREN Liquidated Damages Payable Current
LiquidatedDamagesPayableCurrent
3153000 usd
CY2023Q4 AREN Liquidated Damages Payable Current
LiquidatedDamagesPayableCurrent
2924000 usd
AREN Liquidated Damages Payable Accrued Interest Percentage
LiquidatedDamagesPayableAccruedInterestPercentage
0.010 pure
CY2024Q3 AREN Liquidated Damages Payable Current And Non Current
LiquidatedDamagesPayableCurrentAndNonCurrent
3153000 usd
AREN Percentage Of Aggregate Amount Invested
PercentageOfAggregateAmountInvested
0.06 pure
CY2024Q3 AREN Financial Instruments At Fair Value
FinancialInstrumentsAtFairValue
1100000 usd
CY2024Q3 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
8000000 usd
CY2024Q3 us-gaap Financial Instruments Owned Other At Fair Value
FinancialInstrumentsOwnedOtherAtFairValue
102404000 usd
CY2023Q4 AREN Financial Instruments At Fair Value
FinancialInstrumentsAtFairValue
0 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
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-313000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-469000 usd
CY2023Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-60000 usd
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
13852000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
102691000 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
287000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
102404000 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
CY2024Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
102404000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
102309000 usd
us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
102691000 usd
CY2024Q3 AREN Working Capital
WorkingCapital
25000000 usd
CY2024Q3 AREN Debt Instrument Outstanding Indebtedness
DebtInstrumentOutstandingIndebtedness
15000000 usd
CY2024Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
30000 usd
CY2023Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
533000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
626000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2178000 usd
CY2024Q3 AREN Noncash And Accrued Interest
NoncashAndAccruedInterest
-2827000 usd
CY2023Q3 AREN Noncash And Accrued Interest
NoncashAndAccruedInterest
-152000 usd
AREN Noncash And Accrued Interest
NoncashAndAccruedInterest
-8423000 usd
AREN Noncash And Accrued Interest
NoncashAndAccruedInterest
-754000 usd
CY2024Q3 us-gaap Interest Paid
InterestPaid
302000 usd
CY2023Q3 us-gaap Interest Paid
InterestPaid
3695000 usd
us-gaap Interest Paid
InterestPaid
2698000 usd
us-gaap Interest Paid
InterestPaid
10631000 usd
CY2023Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
338000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
338000 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
3159000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
4042000 usd
us-gaap Interest Expense
InterestExpense
11747000 usd
us-gaap Interest Expense
InterestExpense
13225000 usd
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
AREN Schedule Of Unrecognized Compensation Expense
ScheduleOfUnrecognizedCompensationExpense
<p id="xdx_896_ecustom--ScheduleOfUnrecognizedCompensationExpense_z5pp5YEhEfM4" 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 and expected weighted-average period to be recognized related to the stock-based compensation awards and equity-based awards as of September 30, 2024 were 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></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_8B6_zMNTrAGI95Ce" 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"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="14" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>As of </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>September 30, 2024</b></span></p></td><td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Restricted Stock</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Common Stock Options</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Warrants</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Totals</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Unrecognized compensation expense</span></td><td style="width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_980_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions_iI_pn3n3_c20240930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zPPvjXV1nc4l" style="width: 12%; text-align: right" title="Unrecognized compensation expense"><span style="font-family: Times New Roman, Times, Serif">451</span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_984_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions_iI_pn3n3_c20240930__us-gaap--AwardTypeAxis__custom--CommonStockAwardsMember__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zF8gBoDaahKj" style="width: 12%; text-align: right" title="Unrecognized compensation expense"><span style="font-family: Times New Roman, Times, Serif">1,015</span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_98E_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions_iI_pn3n3_c20240930__us-gaap--AwardTypeAxis__us-gaap--WarrantMember__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zD1EcIrQvmWk" style="width: 12%; text-align: right" title="Unrecognized compensation expense"><span style="font-family: Times New Roman, Times, Serif">19</span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_987_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions_iI_pn3n3_c20240930__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zVojwgbDkUul" style="width: 12%; text-align: right" title="Unrecognized compensation expense"><span style="font-family: Times New Roman, Times, Serif">1,485</span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">Weighted average period expected to be recognized (in years)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_dtY_c20240101__20240930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockMember__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zdqiYBHY9ao2" title="Weighted average period expected to be recognized (in years)">0.93</span></span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_dtY_c20240101__20240930__us-gaap--AwardTypeAxis__custom--CommonStockAwardsMember__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zcSoW6L8PVHi" title="Weighted average period expected to be recognized (in years)">1.02</span></span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_dtY_c20240101__20240930__us-gaap--AwardTypeAxis__us-gaap--WarrantMember__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zhjudgHc6eBg" title="Weighted average period expected to be recognized (in years)">1.52</span></span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_dtY_c20240101__20240930__srt--StatementScenarioAxis__custom--StockBasedCompensationMember_zTBJTObblBoi" title="Weighted average period expected to be recognized (in years)">1.00</span></span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table>
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
34515 shares
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33555000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
36996000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
89679000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
99486000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33555000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
36996000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
89679000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
99486000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33555000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
36996000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
89679000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
99486000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33555000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
36996000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
89679000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
99486000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0083 pure
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0060 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0079 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0042 pure
CY2024Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
CY2023Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
102691000 usd
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 provided for certain affirmative covenants, including certain financial reporting obligations. On December 1, 2023, Renew purchased all of the notes held by B. Riley and assumed the role of agent under the Note Purchase Agreement, and also purchased all of the common stock held by B. Riley.
CY2024Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
20000000 usd
CY2024Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
48750000 usd
CY2024Q3 AREN Royalty Fee Liability
RoyaltyFeeLiability
3750000 usd
CY2024Q3 AREN Termination Fee Liability
TerminationFeeLiability
45000000 usd

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