Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.23.3
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Cash Flows from Operating Activities:            
Net Loss $ (15,512,000)   $ (11,241,000) $ (55,551,000) $ (27,949,000)  
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:            
Amortization of Film and Television Costs       6,784,000 5,100,000  
Depreciation and Amortization of Property, Equipment & Intangible Assets       1,943,000 1,857,000  
Amortization of Right of Use Asset       2,179,000 1,345,000  
Amortization of Premium on Marketable Securities       369,000 807,000  
Share Based Compensation Expense       2,091,000 9,918,000  
Impairment of Intangible Assets 0 $ 4,000,000 0 4,023,000 0  
Impairment of Goodwill 0   0 11,287,000 0  
Impairment of Property and Equipment 0   0 120,000 0  
Loss on Early Lease Termination 232,000   0 232,000 0  
Warrant Incentive Expense 0   0 16,174,000 0  
Deferred Income Taxes       (705,000) 0  
Marketing Expenses in Exchange for Stock       1,195,000 0  
(Gain) Loss on Revaluation of Equity Investments in Your Family Entertainment AG 2,325,000   4,071,000 (1,102,000) 1,170,000  
Unrealized Loss on Foreign Currency of Equity Investments in Your Family Entertainment AG       205,000 2,584,000  
Gain on Warrant Revaluation       (8,999,000) (434,000)  
Realized Loss on Marketable Securities       4,154,000 160,000  
Stock Issued for Services       1,040,000 312,000  
Bad Debt Expense       351,000 78,000  
Other Non-Cash Items       2,000 (5,000)  
Decrease (Increase) in Operating Assets:            
Accounts Receivable, net       3,481,000 5,942,000  
Other Receivable       909,000 272,000  
Tax Credits Earned (less capitalized)       (12,327,000) (8,166,000)  
Tax Credits Received, net       12,247,000 3,874,000  
Film and Television Costs, net       (778,000) (7,388,000)  
Prepaid Expenses and Other Assets       (178,000) (326,000)  
Increase (Decrease) in Operating Liabilities:            
Accounts Payable       (1,875,000) (3,828,000)  
Accrued Salaries & Wages       (358,000) 215,000  
Accrued Expenses       (71,000) (1,057,000)  
Accrued Production Costs       806,000 (1,654,000)  
Participations Payable       (942,000) (498,000)  
Deferred Revenue       (6,208,000) (6,472,000)  
Lease Liability       (695,000) (365,000)  
Due To Related Party       55,000 (25,000)  
Other Liabilities       (26,000) 506,000  
Net Cash Used in Operating Activities       (20,168,000) (24,027,000)  
Cash Flows from Investing Activities:            
Cash Payment for Wow, net of Cash Acquired       0 (37,311,000)  
Cash Payment for Equity Investment in Your Family Entertainment       0 (9,540,000)  
Cash Payment for Ameba, net of Cash Acquired       0 (3,893,000)  
Repayments from/(Loans to) Related Party for Note Receivables       1,393,000 (1,419,000)  
Proceeds from Principal Collections on Marketable Securities       460,000 6,445,000  
Proceeds from Sales and Maturities of Marketable Securities       67,633,000 8,836,000  
Investment in Intangible Assets, net       0 (21,000)  
Purchase of Property & Equipment       (68,000) (459,000)  
Net Cash Provided by (Used in) Investing Activities       69,418,000 (37,362,000)  
Cash Flows from Financing Activities:            
Proceeds from Margin Loan       17,619,000 63,165,000  
Repayments of Margin Loan       (76,182,000) (6,612,000)  
Proceeds from Production Facilities       11,161,000 7,455,000  
Repayment of Production Facilities       (9,451,000) (3,984,000)  
Proceeds from Bank Indebtedness, net       573,000 760,000  
Proceeds From Warrant Exchange, net       5,299,000 0  
Repayments of Notes Payable       0 (19,000)  
Principal Payments on Finance Lease Obligations       (1,555,000) (920,000)  
Debt Issuance Costs       (18,000) (33,000)  
Distributions to Non-Controlling Interest       0 (1,200,000)  
Shares Withheld for Taxes on Vested Restricted Shares       (25,000) (3,000)  
Payment for Warrant Put Option Exercise       (250,000) 0  
Net Cash Provided by (Used in) Financing Activities       (52,829,000) 58,609,000  
Effect of Exchange Rate Changes on Cash       34,000 (187,000)  
Net Decrease in Cash       (3,545,000) (2,967,000)  
Beginning Cash   $ 7,432,000   7,432,000 10,060,000 $ 10,060,000
Ending Cash $ 3,887,000   $ 7,093,000 3,887,000 7,093,000 $ 7,432,000
Schedule of Non-Cash Financing and Investing Activities            
Leased Assets Obtained in Exchange for New Finance Lease Liabilities       1,432,000 0  
Warrants Issued for Services       443,000 0  
Shares Issued for Wow Acquisition       0 11,554,000  
Fair Value of Replacement Options Granted Related to Wow Acquisition       0 1,213,000  
Liability for Treasury Stock Not Yet Settled       $ 0 $ 285,000