Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net Loss $ (16,710) $ (83,653)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Amortization of Film and Television Costs 2,253 760
Depreciation and Amortization of Property, Equipment & Intangible Assets 1,103 301
Amortization of Right of Use Asset 700 92
Share Based Compensation Expense 8,736 5,567
Amortization of Premium on Marketable Securities 545 0
(Gain) on Revaluation of Equity Investment in Your Family Entertainment AG (2,901) 0
(Gain) Loss on Foreign Currency Transactions 1,296 0
(Gain) Loss on Warrant Revaluation (269) 317
Interest Incurred on Debt 422 0
Realized Loss on Marketable Securities 123 0
Warrant Incentive Expense 0 69,139
Stock Issued for Services 312 41
Other 51 (81)
Decrease (Increase) in Operating Assets:    
Accounts Receivable, net 6,078 1,906
Other Receivables 384 0
Tax Credits Earned (less capitalized) (4,247) 0
Tax Credits Received 1,702 0
Film and Television Costs, net (6,015) (3,176)
Note Receivable from Related Party (128) 0
Prepaid Expenses & Other Assets (469) (1,158)
Increase (Decrease) in Operating Liabilities:    
Accounts Payable (4,439) 922
Accrued Salaries & Wages 338 41
Accrued Expenses (2,250) (329)
Accrued Production Costs (1,658) 0
Participations Payable 1,283 664
Deferred Revenue (3,455) (474)
Lease Liability (352) 143
Due to Related Party (63) 137
Other Noncurrent Liabilities (42) 0
Net Cash Used in Operating Activities (17,672) (8,841)
Cash Flows from Investing Activities:    
Cash Payment for Wow, net of Cash Acquired (37,311) 0
Cash Payment for Equity Investment in YFE (9,540) 0
Cash Payment for Ameba, net of Cash Acquired (3,893) 0
Cash Payment for ChizComm, net of cash acquired 0 (7,789)
Investment in Stan Lee Universe, LLC 0 (500)
Investment in Marketable Securities 0 (80,902)
Proceeds from Principal Collections on Marketable Securities 4,420 0
Proceeds from Sales of Marketable Securities 5,536 0
Purchase of Property & Equipment (401) (125)
Investment in Intangible Assets (22) 0
Net Cash Used in Investing Activities (41,211) (89,316)
Cash Flows from Financing Activities:    
Proceeds from Margin Loan 58,980 0
Repayments of Margin Loan (4,522) 0
Proceeds from Production Facilities 4,330 0
Repayments of Production Facilities (1,795) (825)
Proceeds from Bank Loan 1,291 0
Capital Lease Payments (442) 0
Debt Issuance Costs (40) 0
Repayment of Note Payable (9) 0
Distributions to Non-Controlling Interest (1,200) 0
Repayment of Payroll Protection Program 0 (367)
Proceeds from Warrant Exchange, net 0 57,265
Net Cash Provided by Financing Activities 56,593 56,073
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 46 0
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash (2,244) (42,084)
Beginning Cash, Cash Equivalents and Restricted Cash 10,060 100,456
Ending Cash, Cash Equivalents and Restricted Cash 7,816 58,372
Schedule of Non-Cash Financing and Investing Activities    
Shares issued for Wow Acquisition 11,554 0
FV of Replacement Options Granted Related to Wow Acquisition 1,213 0
Shares issued for ChizComm acquisition 0 3,527
Liability for Acquisition Earnout Shares 0 7,210
Issuance of Common Stock for Services $ 0 $ 969