10-K Filing

MARCHEX INC CIK: 1224133 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001564590-22-012208`
Period End Date	20211231
Filing Date	20220329
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	mchx-10k_20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 37 Cash Flow Statement 71 Stockholders Equity 14

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	137.50M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	137.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.09M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.33M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.02M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.16M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$37.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$42.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.82M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.75M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$1.34M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$986.00K	USD	Point-in-time
Right-of-use lease asset	`OperatingLeaseRightOfUseAsset`	$3.74M	USD	Point-in-time
Right-of-use lease asset	`OperatingLeaseRightOfUseAsset`	$2.24M	USD	Point-in-time
Goodwill	`Goodwill`	$17.56M	USD	Point-in-time
Goodwill	`Goodwill`	$17.56M	USD	Point-in-time
Intangible assets from acquisitions, net	`IntangibleAssetsNetExcludingGoodwill`	$9.20M	USD	Point-in-time
Intangible assets from acquisitions, net	`IntangibleAssetsNetExcludingGoodwill`	$4.71M	USD	Point-in-time
Total assets	`Assets`	$65.83M	USD	Point-in-time
Total assets	`Assets`	$76.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.42M	USD	Point-in-time
Accrued benefits and payroll	`AccruedPayrollTaxesCurrent`	$5.97M	USD	Point-in-time
Accrued benefits and payroll	`AccruedPayrollTaxesCurrent`	$3.63M	USD	Point-in-time
Other accrued expenses and current liabilities	`OtherAccruedLiabilitiesCurrent`	$4.21M	USD	Point-in-time
Other accrued expenses and current liabilities	`OtherAccruedLiabilitiesCurrent`	$3.87M	USD	Point-in-time
Deferred revenue and deposits	`ContractWithCustomerLiabilityCurrent`	$1.39M	USD	Point-in-time
Deferred revenue and deposits	`ContractWithCustomerLiabilityCurrent`	$2.02M	USD	Point-in-time
Lease liability current	`OperatingLeaseLiabilityCurrent`	$1.79M	USD	Point-in-time
Lease liability current	`OperatingLeaseLiabilityCurrent`	$1.83M	USD	Point-in-time
Loan obligations, current	`LongTermDebtCurrent`	$5.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.95M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$186.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$156.00K	USD	Point-in-time
Lease liability non-current	`OperatingLeaseLiabilityNoncurrent`	$3.14M	USD	Point-in-time
Lease liability non-current	`OperatingLeaseLiabilityNoncurrent`	$1.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.32M	USD	Point-in-time
Commitments and contingencies - See Note 4	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies - See Note 4	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$354.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$350.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-298.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-303.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$51.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$52.69M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$99.84M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$76.93M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$65.83M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$51.22M	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$53.48M	USD	Annual
Service costs	`CostOfGoodsAndServicesSold`	$20.89M	USD	Annual
Service costs	`CostOfGoodsAndServicesSold`	$21.69M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$16.66M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$13.55M	USD	Annual
Product development	`ResearchAndDevelopmentExpense`	$21.00M	USD	Annual
Product development	`ResearchAndDevelopmentExpense`	$16.11M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$9.29M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$12.80M	USD	Annual
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$5.33M	USD	Annual
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$4.48M	USD	Annual
Related party support services fee income net of related expenses	`InterestIncomeRelatedParty`	$249.00K	USD	Annual
Related party support services fee income net of related expenses	`InterestIncomeRelatedParty`	$6.61M	USD	Annual
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$5.33M	USD	Annual
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$4.48M	USD	Annual
Acquisition and disposition related benefits	`BusinessCombinationAcquisitionAndDispositionRelatedCostBenefit`	$142.00K	USD	Annual
Acquisition and disposition related benefits	`BusinessCombinationAcquisitionAndDispositionRelatedCostBenefit`	$-1.04M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$75.63M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$65.27M	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$14.69M	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$14.70M	USD	1 Quarter
Impairment of intangible assets from acquisitions	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$4.96M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-44.06M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-11.80M	USD	Annual
Gain on loan extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$5.18M	USD	Annual
Interest income and other, net	`InterestIncomeAndOtherNet`	$2.45M	USD	Annual
Interest income and other, net	`InterestIncomeAndOtherNet`	$123.00K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-43.94M	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.16M	USD	Annual
Income tax (benefit)	`IncomeTaxExpenseBenefit`	$-1.92M	USD	Annual
Income tax (benefit)	`IncomeTaxExpenseBenefit`	$232.00K	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-4.39M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-42.02M	USD	Annual
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$3.57M	USD	Annual
Net income (loss) applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-38.45M	USD	Annual
Net income (loss) applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.39M	USD	Annual

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net loss applicable to common stockholders	`ProfitLoss`	$-4.39M	USD	Annual
Net loss applicable to common stockholders	`ProfitLoss`	$-38.45M	USD	Annual
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$3.57M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-4.39M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-42.02M	USD	Annual
Amortization and depreciation	`DepreciationAndAmortization`	$7.25M	USD	Annual
Amortization and depreciation	`DepreciationAndAmortization`	$5.97M	USD	Annual
Acquisition and disposition related benefits	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-1.60M	USD	Annual
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$435.00K	USD	Annual
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$1.27M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-826.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-6.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$3.83M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.67M	USD	Annual
Gain on loan extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$5.18M	USD	Annual
Gain on sale of equity investment	`GainLossOnSaleOfInvestments`	$59.00K	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$14.69M	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$14.70M	USD	1 Quarter
Impairment of intangible assets from acquisitions	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$4.96M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$80.00K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.12M	USD	Annual
Prepaid expenses, other current assets, and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.12M	USD	Annual
Prepaid expenses, other current assets, and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-647.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.79M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.05M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-3.88M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$4.31M	USD	Annual
Deferred revenue and deposits	`IncreaseDecreaseInContractWithCustomerLiabilityAndDeposits`	$623.00K	USD	Annual
Deferred revenue and deposits	`IncreaseDecreaseInContractWithCustomerLiabilityAndDeposits`	$527.00K	USD	Annual
Net cash (used in) continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-7.01M	USD	Annual
Net cash (used in) continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.34M	USD	Annual
Net cash provided by discontinued operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$3.63M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.34M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.37M	USD	Annual
Cash from sale of discontinued operations	`NetCashProceedsFromSaleOfDiscontinuedOperations`	$2.25M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.35M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.35M	USD	Annual
Proceeds from sale of equity investment	`ProceedsFromSaleOfEquityMethodInvestments`	$400.00K	USD	1 Quarter
Proceeds from sale of equity investment	`ProceedsFromSaleOfEquityMethodInvestments`	$400.00K	USD	Annual
Purchases of intangible assets and changes in other non-current assets	`PaymentsToAcquireIntangibleAssetsAndOtherAssets`	$4.00K	USD	Annual
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-88.00K	USD	Annual
Net cash provided by (used in) continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$981.00K	USD	Annual
Net cash provided by (used in) continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-951.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-951.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$981.00K	USD	Annual
Repurchase of Class B common stock for treasury stock	`PaymentsForRepurchaseOfCommonStock`	$10.85M	USD	Annual
Proceeds from Cares Act loans	`ProceedsFromShortTermDebt`	$5.12M	USD	Annual
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$80.00K	USD	Annual
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$528.00K	USD	Annual
Net cash provided by (used in) continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.65M	USD	Annual
Net cash provided by (used in) continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$528.00K	USD	Annual
Net cash provided by (used in) discontinued financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$165.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.49M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$528.00K	USD	Annual
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.88M	USD	Annual
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.76M	USD	Annual
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$27.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$33.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$41.73M	USD	Point-in-time
Cash and cash equivalents of continuing operations at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$27.09M	USD	Point-in-time
Cash and cash equivalents of continuing operations at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$33.85M	USD	Point-in-time
Cash and cash equivalents of continuing operations at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$41.73M	USD	Point-in-time
Foreign government paycheck assistance and rent subsidies (operating activities)	`ForeignGovernmentPaycheckAssistanceAndRentSubsidies`	$415.00K	USD	Annual
Foreign government paycheck assistance and rent subsidies (operating activities)	`ForeignGovernmentPaycheckAssistanceAndRentSubsidies`	$444.00K	USD	Annual
Settlement of a contract matter (operating activities)	`SettlementOfContractMatter`	$2.50M	USD	Annual
Cash paid for operating leases (operating activities)	`OperatingLeasePayments`	$2.15M	USD	Annual
Cash paid for operating leases (operating activities)	`OperatingLeasePayments`	$1.76M	USD	Annual
CARES Act loan extinguishment (financing activities)	`CARESActLoanExtinguishment`	$5.12M	USD	Annual
Right-of-use assets obtained in exchanged for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.12M	USD	Annual
Change in right-of-use assets obtained in exchange for operating lease liabilities	`IncreaseDecreaseInRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.74M	USD	Annual
Retirement of treasury stock	`TreasuryStockValueRetired`	$10.85M	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$51.50M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$52.69M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$99.84M	USD	Point-in-time
Issuance of common stock upon exercise of options, issuance and vesting of restricted stock and under employee stock purchase plan, net	`StockIssuedDuringPeriodValueShareBasedCompensation`	$530.00K	USD	Annual
Issuance of common stock upon exercise of options, issuance and vesting of restricted stock and under employee stock purchase plan, net	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-10.87M	USD	Annual
Stock-based compensation from options and restricted stock, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.83M	USD	Annual
Stock-based compensation from options and restricted stock, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.67M	USD	Annual
Repurchase and retirement of treasury stock	`TreasuryStockRepurchasedAndRetiredParValueMethodAmount`	$102.00K	USD	Annual
Divestiture consideration, net	`AdjustmentsToAdditionalPaidInCapitalProceedsFromDivestiture`	$-1.77M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.39M	USD	Annual
Net loss	`NetIncomeLoss`	$-38.45M	USD	Annual
Ending Balance	`StockholdersEquity`	$51.50M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$52.69M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$99.84M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.