Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net Loss $ (12,858) $ (12,987)
Adjustments to Reconcile Net Loss to Net Cash Provided by (Used in) Operating Activities:    
Amortization of Film and Television Costs 107 144
Depreciation and Amortization of Property, Equipment and Intangible Assets 1,277 1,201
Amortization of Right-of-Use Asset 530 971
Amortization of Premium on Marketable Securities 7 44
Share Based Compensation Expense 135 390
Impairment of Film and Television Costs 0 17
Loss on Settlement of Related Party Note 1,344 0
Gain on Early Lease Termination (4) 0
Loss on Revaluation of Equity Investments in Your Family Entertainment AG 7,418 881
Unrealized (Gain) Loss on Foreign Currency of Equity Investments in Your Family Entertainment AG (1,761) 596
Loss (Gain) on Warrant Revaluation 232 (60)
Realized Loss on Marketable Securities 28 357
Stock Issued for Services 81 158
Stock Options Issued for Services 4 0
Credit Loss Expense 61 114
Other Non-Cash Items 13 3
Decrease (Increase) in Operating Assets:    
Accounts Receivable 5,050 5,322
Other Receivable (149) (270)
Tax Credits Earned (less capitalized) (5,889) (4,128)
Tax Credits Received, net 5,069 10,251
Film and Television Costs, net (1,952) (440)
Prepaid Expenses and Other Assets (750) (513)
Increase (Decrease) in Operating Liabilities:    
Accounts Payable (5,221) (6,592)
Accrued Salaries and Wages 656 52
Accrued Expenses 872 384
Accrued Production Costs 11 643
Participations Payable (366) (441)
Deferred Revenue 213 1,682
Lease Liability (447) (413)
Due From (To) Related Party 3 (1)
Other Liabilities (4) (19)
Net Cash Used in Operating Activities (6,290) (2,654)
Cash Flows from Investing Activities:    
Repayments from Related Party for Notes Receivable 0 45
Proceeds from Sales and Maturities of Marketable Securities 3,152 5,514
Investment in Marketable Securities (1,771) 0
Investment in Intangible Assets, net 0 (7)
Purchase of Property and Equipment (80) (34)
Net Cash Provided by Investing Activities 1,301 5,518
Cash Flows from Financing Activities:    
Proceeds from Margin Loan 5,223 6,297
Repayments of Margin Loan (6,005) (6,022)
Proceeds from Production Facilities 5,221 4,285
Repayment of Production Facilities (4,476) (9,653)
Repayments of Bank Indebtedness, net 0 (2,628)
Proceeds from Securities Purchase Agreements 0 3,329
Principal Payments on Finance Lease Obligations (208) (389)
Debt Issuance Costs (29) (48)
Shares Withheld for Taxes on Vested Restricted Shares 0 25
Proceeds from Warrant Exercise 1 0
Net Cash Used in Financing Activities (273) (4,804)
Effect of Exchange Rate Changes on Cash (555) 586
Net Decrease in Cash and Restricted Cash (5,817) (1,354)
Beginning Cash and Restricted Cash 8,385 4,095
Ending Cash and Restricted Cash 2,568 2,741
Supplemental Disclosures of Cash Flow Information    
Cash Paid for Interest 35 75
Non-Cash Operating Activities    
Reduction in Leased Asset Due to Modified Lease Liability 106 0
Non-Cash Financing and Investing Activities    
Leased Assets Obtained in Exchange for New Finance Lease Liabilities $ 356 $ 0