10-Q Filing

MARCHEX INC CIK: 1224133 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001564590-22-020116`
Period End Date	20220331
Filing Date	20220513
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	mchx-10q_20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 30 Cash Flow Statement 43 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`	$24.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.09M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.95M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.02M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.45M	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`	$36.95M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.82M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.70M	USD	Point-in-time
Right-of-use lease asset	`OperatingLeaseRightOfUseAsset`	$1.87M	USD	Point-in-time
Right-of-use lease asset	`OperatingLeaseRightOfUseAsset`	$2.24M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$986.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$1.00M	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`	$4.71M	USD	Point-in-time
Intangible assets from acquisitions, net	`IntangibleAssetsNetExcludingGoodwill`	$4.18M	USD	Point-in-time
Total assets	`Assets`	$65.83M	USD	Point-in-time
Total assets	`Assets`	$65.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.38M	USD	Point-in-time
Accrued benefits and payroll	`AccruedPayrollTaxesCurrent`	$3.63M	USD	Point-in-time
Accrued benefits and payroll	`AccruedPayrollTaxesCurrent`	$3.63M	USD	Point-in-time
Other accrued expenses and current liabilities	`OtherAccruedLiabilitiesCurrent`	$3.91M	USD	Point-in-time
Other accrued expenses and current liabilities	`OtherAccruedLiabilitiesCurrent`	$3.87M	USD	Point-in-time
Deferred revenue and deposits	`ContractWithCustomerLiabilityCurrent`	$1.69M	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`	$2.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.91M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$199.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$186.00K	USD	Point-in-time
Lease liability non-current	`OperatingLeaseLiabilityNoncurrent`	$526.00K	USD	Point-in-time
Lease liability non-current	`OperatingLeaseLiabilityNoncurrent`	$1.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.64M	USD	Point-in-time
Commitments and contingencies - See Note 10	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies - See Note 10	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$354.86M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$354.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-304.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-303.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$50.63M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$52.69M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$48.13M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$51.50M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$65.27M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$65.83M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$12.98M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$13.17M	USD	1 Quarter
Service costs	`CostOfGoodsAndServicesSold`	$5.42M	USD	1 Quarter
Service costs	`CostOfGoodsAndServicesSold`	$4.93M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$3.64M	USD	1 Quarter
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$531.00K	USD	1 Quarter
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$1.18M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$3.17M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$5.32M	USD	1 Quarter
Related party support services fee income net of related expenses	`InterestIncomeRelatedParty`	$1.23M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$3.46M	USD	1 Quarter
Related party support services fee income net of related expenses	`InterestIncomeRelatedParty`	$2.03M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.61M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.62M	USD	1 Quarter
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$531.00K	USD	1 Quarter
Amortization of intangible assets from acquisitions	`AmortizationOfIntangibleAssets`	$1.18M	USD	1 Quarter
Acquisition and disposition-related costs	`BusinessCombinationAcquisitionAndDispositionRelatedCostBenefit`	$45.00K	USD	1 Quarter
Acquisition and disposition-related costs	`BusinessCombinationAcquisitionAndDispositionRelatedCostBenefit`	$5.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$14.70M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$18.23M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.53M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.25M	USD	1 Quarter
Interest income and other, net	`InterestIncomeAndOtherNet`	$-21.00K	USD	1 Quarter
Interest income and other, net	`InterestIncomeAndOtherNet`	$-12.00K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.55M	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.26M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$30.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$73.00K	USD	1 Quarter
Net income (loss) applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.33M	USD	1 Quarter
Net income (loss) applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.58M	USD	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss applicable to common shareholders	`ProfitLoss`	$-1.58M	USD	1 Quarter
Net loss applicable to common shareholders	`ProfitLoss`	$-5.33M	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$1.61M	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$983.00K	USD	1 Quarter
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$328.00K	USD	1 Quarter
Allowance for doubtful accounts and advertiser credits	`AllowanceForDoubtfulAccountsAndAdvertiserCredits`	$27.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$695.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$744.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$47.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$63.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$564.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.25M	USD	1 Quarter
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$727.00K	USD	1 Quarter
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$394.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$512.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-675.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-77.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.01M	USD	1 Quarter
Deferred revenue and deposits	`IncreaseDecreaseInContractWithCustomerLiabilityAndDeposits`	$-85.00K	USD	1 Quarter
Deferred revenue and deposits	`IncreaseDecreaseInContractWithCustomerLiabilityAndDeposits`	$-331.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.62M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.41M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$100.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.14M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.14M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-100.00K	USD	1 Quarter
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$33.00K	USD	1 Quarter
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$16.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$33.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.68M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.53M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$33.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$24.55M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$27.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$28.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$33.85M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$24.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$27.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$28.17M	USD	Point-in-time
Foreign government paycheck assistance and rent subsidies	`ForeignGovernmentPaycheckAssistanceAndRentSubsidies`	$150.00K	USD	1 Quarter
Cash paid for operating leases	`OperatingLeasePayments`	$471.00K	USD	1 Quarter
Cash paid for operating leases	`OperatingLeasePayments`	$498.00K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$50.63M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$52.69M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$48.13M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$51.50M	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`	$16.00K	USD	1 Quarter
Issuance of common stock upon exercise of options, issuance and vesting of restricted stock and under employee stock purchase plan, net	`StockIssuedDuringPeriodValueShareBasedCompensation`	$32.00K	USD	1 Quarter
Stock compensation from options and restricted stock, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$695.00K	USD	1 Quarter
Stock compensation from options and restricted stock, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$744.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.58M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-5.33M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$50.63M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$52.69M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$48.13M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$51.50M	USD	Point-in-time

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