Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities:    
Net Loss $ (19,373) $ (15,108)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Amortization of Film and Television Costs 153 176
Depreciation and Amortization of Property, Equipment and Intangible Assets 1,928 1,791
Amortization of Right-of-Use Assets 806 1,400
Amortization of Premium on Marketable Securities 7 59
Share Based Compensation Expense 177 545
Loss on Debt Settlements 1,212 0
Gain on Early Lease Termination (4) 0
Loss on Revaluation of Equity Investments in Your Family Entertainment AG 8,593 1,342
Unrealized Gain on Foreign Currency of Equity Investments in Your Family Entertainment AG (1,753) (212)
Loss on Partial Disposal of Equity Investment in Your Family Entertainment AG 1,518 0
Loss on Share Exchange 286 0
Loss (Gain) on Warrant Revaluation 232 (63)
Realized Loss on Marketable Securities 37 505
Stock Issued for Services 176 242
Stock Options Issued for Services 43 0
Credit Loss Expense 101 144
Non-cash Interest Expense 29 0
Other Non-Cash Items 13 (10)
Decrease (Increase) in Operating Assets:    
Accounts Receivable 3,357 6,127
Other Receivable 215 (1,229)
Tax Credits Earned (less capitalized) (8,917) (6,468)
Tax Credits Received, net 5,776 13,760
Film and Television Costs, net (2,626) (744)
Prepaid Expenses and Other Assets (534) (169)
Increase (Decrease) in Operating Liabilities:    
Accounts Payable (3,061) (4,816)
Accrued Salaries and Wages 528 (190)
Accrued Expenses 1,113 439
Accrued Production Costs 73 491
Participations Payable (492) (709)
Deferred Revenue (707) 1,840
Lease Liability (678) (429)
Due From (To) Related Party 3 (3)
Other Liabilities (18) 162
Net Cash Used in Operating Activities (11,787) (1,127)
Cash Flows from Investing Activities:    
Repayments from Related Party for Notes Receivable 400 (37)
Proceeds from Sales and Maturities of Marketable Securities 3,843 8,009
Investment in Marketable Securities (1,771) 0
Purchase of Property and Equipment (116) (70)
Net Cash Provided by Investing Activities 2,356 7,902
Cash Flows from Financing Activities:    
Proceeds from Margin Loan 5,921 9,054
Repayments of Margin Loan (6,817) (8,767)
Proceeds from Production Facilities 7,776 6,492
Repayment of Production Facilities (4,994) (13,168)
Repayments of Bank Indebtedness, net 0 (2,253)
Proceeds from Sale of Equity Investment in Your Family Entertainment AG 829 0
Proceeds from Securities Purchase Agreements 0 3,329
Proceeds from ERTC Factoring Transaction 484 0
Principal Payments on Finance Lease Obligations (309) (1,040)
Debt Issuance Costs (70) (116)
Shares Withheld for Taxes on Vested Restricted Shares 0 25
Proceeds from Warrant Exercise 1 0
Net Cash Provided by (Used in) in Financing Activities 2,821 (6,444)
Effect of Exchange Rate Changes on Cash (345) 155
Net (Decrease) Increase in Cash and Restricted Cash (6,955) 486
Beginning Cash and Restricted Cash 8,385 4,095
Ending Cash and Restricted Cash 1,430 4,581
Supplemental Disclosures of Cash Flow Information    
Cash Paid for Interest 37 145
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