Consolidated Balance Sheets - USD ($)
$ in Thousands |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Current assets: |
|
|
| Cash and cash equivalents |
$ 183,729
|
$ 86,929
|
| Accounts receivable, net |
975
|
350
|
| Advance to clients |
1,508
|
|
| Prepaid expenses and other assets |
6,695
|
2,709
|
| Total current assets |
192,907
|
89,988
|
| Property and equipment, net |
8,128
|
6,755
|
| Capitalized content development costs, net |
18,121
|
13,155
|
| Advance to clients, non-current |
1,042
|
1,675
|
| Prepaid expenses, non-current |
7,099
|
643
|
| Other non-current assets |
3,744
|
823
|
| Total assets |
231,041
|
113,039
|
| Current liabilities: |
|
|
| Accounts payable |
4,544
|
2,293
|
| Accrued compensation and related benefits |
13,405
|
9,088
|
| Accrued expenses and other liabilities |
12,039
|
10,481
|
| Deferred revenue |
2,609
|
1,906
|
| Total current liabilities |
32,597
|
23,768
|
| Non-current liabilities |
2,655
|
1,260
|
| Total liabilities |
$ 35,252
|
$ 25,028
|
| Commitments and contingencies (Note 6) |
|
|
| Stockholders' equity: |
|
|
| Preferred stock, $0.001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2015 and 2014 |
|
|
| Common stock, $0.001 par value, 200,000,000 shares authorized, 45,776,455 shares issued and outstanding as of December 31, 2015; 40,735,069 shares issued and outstanding as of December 31, 2014 |
$ 46
|
$ 41
|
| Additional paid-in capital |
351,324
|
216,818
|
| Accumulated deficit |
(155,581)
|
(128,848)
|
| Total stockholders' equity |
195,789
|
88,011
|
| Total liabilities, and stockholders' equity |
$ 231,041
|
$ 113,039
|