|
Prepaid expenses and other current assets are summarized as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2022 |
|
December 31, 2021 |
Prepaid advertising contract with iHeart (1)
|
$ |
2,095 |
|
|
$ |
2,095 |
|
Other prepaid expenses and other current assets (2)
|
853 |
|
|
845 |
|
| Total Prepaid expenses and other current assets |
$ |
2,948 |
|
|
$ |
2,940 |
|
(1) On August 28, 2019, the Company entered into a radio advertising agreement with iHeart Media + Entertainment, Inc. 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.
(2) As of June 30, 2022 and December 31, 2021, this amount includes various other prepaid contracts.
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