0000950170-21-003790 | 10-Q | XBRL Viewer | RED Violet INC

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Notes Details Intangible Assets, Net - Schedule of Estimated Amortization Expense (Details) Uncategorized Uncategorized Items - rdvt-20210930_htm.xml All Reports

Label

Element

Value

Revenue For Future Outstanding Performance Obligations

rdvt_RevenueForFutureOutstandingPerformanceObligations

$ 3,630,000

Consulting Service Fee Monthly Payment

rdvt_ConsultingServiceFeeMonthlyPayment

$ 30,000

Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested Not Delivered

rdvt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedNotDelivered

8,417

Noncash Lease Expenses

rdvt_NoncashLeaseExpenses

$ 371,000

Noncash Lease Expenses

rdvt_NoncashLeaseExpenses

341,000

Retirement Of Treasury Stock

rdvt_RetirementOfTreasuryStock

0

Retirement Of Treasury Stock

rdvt_RetirementOfTreasuryStock

2,785,000

Retirement Of Treasury Stock

rdvt_RetirementOfTreasuryStock

(2,785,000)

Retirement Of Treasury Stock

rdvt_RetirementOfTreasuryStock

2,785,000

Retirement Of Treasury Stock

rdvt_RetirementOfTreasuryStock

(2,785,000)

Retirement Of Treasury Stock

rdvt_RetirementOfTreasuryStock

2,785,000

Retirement Of Treasury Stock

rdvt_RetirementOfTreasuryStock

0

Retirement Of Treasury Stock

rdvt_RetirementOfTreasuryStock

$ 2,785,000

ServiceAgreementExpirationDate

rdvt_ServiceAgreementExpirationDate

Aug. 06, 2021

Increase Decrease For Collection Customers Activities

rdvt_IncreaseDecreaseForCollectionCustomersActivities

$ (800,000)

Number of Total Customers

rdvt_NumberOfTotalCustomers

7

Number of Total Customers

rdvt_NumberOfTotalCustomers

22

Number of Total Customers

rdvt_NumberOfTotalCustomers

15

Number of Total Customers

rdvt_NumberOfTotalCustomers

164

Stock Issued During Period Value Restricted Stock Units Vested

rdvt_StockIssuedDuringPeriodValueRestrictedStockUnitsVested

$ 1,000

Stock Issued During Period Value Restricted Stock Units Vested

rdvt_StockIssuedDuringPeriodValueRestrictedStockUnitsVested

(1,000)

Stock Issued During Period Value Restricted Stock Units Vested

rdvt_StockIssuedDuringPeriodValueRestrictedStockUnitsVested

1,000

Stock Issued During Period Value Restricted Stock Units Vested

rdvt_StockIssuedDuringPeriodValueRestrictedStockUnitsVested

$ (1,000)

Stock Issued During Period Shares Restricted Stock Units Vested

rdvt_StockIssuedDuringPeriodSharesRestrictedStockUnitsVested

663,836

Stock Issued During Period Shares Restricted Stock Units Vested

rdvt_StockIssuedDuringPeriodSharesRestrictedStockUnitsVested

742,101

Stock Issued During Period Shares Restricted Stock Units Vested

rdvt_StockIssuedDuringPeriodSharesRestrictedStockUnitsVested

713,753

Stock Issued During Period Shares Restricted Stock Units Vested

rdvt_StockIssuedDuringPeriodSharesRestrictedStockUnitsVested

823,568

Cost Of Non Cancellable Data Licensing Agreements

rdvt_CostOfNonCancellableDataLicensingAgreements

$ 2,107,000

Cost Of Non Cancellable Data Licensing Agreements

rdvt_CostOfNonCancellableDataLicensingAgreements

2,093,000

Cost Of Non Cancellable Data Licensing Agreements

rdvt_CostOfNonCancellableDataLicensingAgreements

6,337,000

Cost Of Non Cancellable Data Licensing Agreements

rdvt_CostOfNonCancellableDataLicensingAgreements

6,396,000

Share Based Compensation Award Grants Unvest Minimum Threshold Limit Of Gross Revenue For Vesting Of Grants

rdvt_ShareBasedCompensationAwardGrantsUnvestMinimumThresholdLimitOfGrossRevenueForVestingOfGrants

10,000,000.0

Loss Contingency Accrual Product Liabilities Discount

rdvt_LossContingencyAccrualProductLiabilitiesDiscount

24,000

Loss Contingency Accrual Product Liabilities Discount

rdvt_LossContingencyAccrualProductLiabilitiesDiscount

94,000

Loss Contingency Accrual Product Liabilities Discount

rdvt_LossContingencyAccrualProductLiabilitiesDiscount

50,000

Loss Contingency Accrual Product Liabilities Discount

rdvt_LossContingencyAccrualProductLiabilitiesDiscount

436,000

Increase Decrease In Operating Lease Liabilities

rdvt_IncreaseDecreaseInOperatingLeaseLiabilities

(408,000)

Increase Decrease In Operating Lease Liabilities

rdvt_IncreaseDecreaseInOperatingLeaseLiabilities

$ (362,000)

Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Withheld As Treasury Stock

rdvt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsWithheldAsTreasuryStock

(127,871)

^[1]

Consulting Service Fee Recognized Amount

rdvt_ConsultingServiceFeeRecognizedAmount

$ 36,000

Consulting Service Fee Recognized Amount

rdvt_ConsultingServiceFeeRecognizedAmount

90,000

Consulting Service Fee Recognized Amount

rdvt_ConsultingServiceFeeRecognizedAmount

216,000

Consulting Service Fee Recognized Amount

rdvt_ConsultingServiceFeeRecognizedAmount

270,000

PaymentForTaxWithholdingRelatedToNetShareSettlementOfVestingOfRestrictedStockUnits

rdvt_Paymentfortaxwithholdingrelatedtonetsharesettlementofvestingofrestrictedstockunits

2,785,000

PaymentForTaxWithholdingRelatedToNetShareSettlementOfVestingOfRestrictedStockUnits

rdvt_Paymentfortaxwithholdingrelatedtonetsharesettlementofvestingofrestrictedstockunits

$ 1,828,000

Contract With Customer Liability Revenue Recognized Period

rdvt_ContractWithCustomerLiabilityRevenueRecognizedPeriod

12 months

Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Delivered

rdvt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndDelivered

695,697

^[2]

Intangible Assets Gross Not Yet Amortized Excluding Goodwill

rdvt_IntangibleAssetsGrossNotYetAmortizedExcludingGoodwill

$ 3,202,000

Revenue Remaining Performance Obligation Specified Period Over Which Subscription Contracts Terms Exceed

rdvt_RevenueRemainingPerformanceObligationSpecifiedPeriodOverWhichSubscriptionContractsTermsExceed

12 months

Share Based Compensation Award Grants Unvest Minimum Threshold Limit Of Positive Adjusted E B I T D A For Vesting Of Grants

rdvt_ShareBasedCompensationAwardGrantsUnvestMinimumThresholdLimitOfPositiveAdjustedEBITDAForVestingOfGrants

$ 1,500,000

Term Of Agreement Related Party

rdvt_TermOfAgreementRelatedParty

1 year

Renewal Term Of Agreement Related Party

rdvt_RenewalTermOfAgreementRelatedParty

1 year

Contractual Obligation Due After Four Years

rdvt_ContractualObligationDueAfterFourYears

$ 3,763,000

[1]

In July 2021, 127,871 shares of common stock were withheld to pay withholding taxes upon such vesting, which were reflected in treasury stock at cost of $2,785. In September 2021, 127,871 shares of treasury stock were retired.

[2]

During the period from August 29, 2019 to September 8, 2020, the Company granted an aggregate of 277,500 RSUs to its employees. Such RSU grants shall not vest unless and until the Company has, for any fiscal quarter in which the RSUs are outstanding, (i) gross revenue determined in accordance with the Company’s reviewed or audited financial statements in excess of $10.0 million for such fiscal quarter, (ii) positive adjusted EBITDA of at least $1.5 million, as determined based on amounts derived from the Company’s reviewed or audited financial statements for such fiscal quarter, and (iii) the recipient continues to provide services to the Company either as an employee, director or consultant on the last day of the quarter that the performance criteria are met. Provided the performance criteria are met, the RSUs will vest in accordance with the time-based requirements contained in the award agreement over three or four years. In the event of a change of control, all RSUs which have not vested on the date of such change of control shall immediately vest even if the performance criteria have not been met. As of the respective grant dates, the Company determined that it was probable that the performance criteria would be met and therefore, began to record the related amortization expense on the grant dates. The Company determined that the performance criteria were met as of March 31, 2021.