Annual report pursuant to Section 13 and 15(d)

Prepaid expenses and other current assets (Tables)

v3.23.1
Prepaid expenses and other current assets (Tables)
 12 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets are summarized as follows (in thousands):
December 31, 2022 December 31, 2021
Prepaid advertising contract with iHeart (1)
$ —  $ 2,095 
Other prepaid expenses and other current assets 1,051  845 
Total Prepaid expenses and other current assets $ 1,051  $ 2,940 
(1)On August 28, 2019, the Company entered into a radio advertising agreement with iHeart Media + Entertainment, Inc. ("iHeart") and issued 166,667 shares of common stock valued at $3.4 million for future advertising services. The Company issued an additional 20,834 shares valued at $0.1 million on March 5, 2020 pursuant to the agreement. The current portion of the remaining value, reflected above, is the remaining value of services that the Company expects to utilize within the twelve months following the reporting period date, unless the term is extended. The Company utilized the remaining advertising services during the year ended December 31, 2022.