Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.25.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:    
Net Loss $ (20,941,000) $ (77,202,000)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Amortization of Film and Television Costs 231,000 625,000
Depreciation and Amortization of Property, Equipment and Intangible Assets 2,408,000 2,549,000
Amortization of Right-of-Use Asset 1,737,000 2,782,000
Amortization of Premium on Marketable Securities 67,000 391,000
Share Based Compensation Expense 667,000 2,671,000
Impairment of Film and Television Costs 0 6,911,000
Impairment of Intangible Assets 0 4,413,000
Impairment of Goodwill 0 33,534,000
Unrealized Loss on Foreign Currency for Goodwill 0 287,000
Impairment of Property and Equipment 0 134,000
Loss on Early Lease Termination 0 258,000
Fair Value Of Issued Warrants 0 12,664,000
Deferred Income Taxes 7,000 (973,000)
Marketing Expenses in Exchange for Stock 0 1,195,000
Loss (Gain) on Revaluation of Equity Investments in Your Family Entertainment AG 1,627,000 (2,314,000)
Unrealized (Gain) Loss on Foreign Currency of Equity Investments in Your Family Entertainment AG 1,038,000 (533,000)
Gain on Warrant Revaluation (63,000) (10,373,000)
Loss on Transaction 985,000 0
Realized Loss on Marketable Securities 611,000 4,496,000
Write-off of Disputed Trade Payable 0 (925,000)
Stock Issued for Services 306,000 1,105,000
Stock Options Issued for Services 30,000 0
Credit Loss Expense 232,000 401,000
Other Non-Cash Items 0 (2,000)
Decrease (Increase) in Operating Assets:    
Accounts Receivable, net 5,912,000 (2,572,000)
Other Receivable (36,000) 1,066,000
Tax Credits Earned (less capitalized) (9,071,000) (14,806,000)
Tax Credits Received, net 15,979,000 20,621,000
Employee Retention Tax Credit Receivable (1,232,000) 0
Film and Television Costs, net (1,731,000) (1,037,000)
Prepaid Expenses and Other Assets 118,000 622,000
Increase (Decrease) in Operating Liabilities:    
Accounts Payable (4,897,000) 5,346,000
Accrued Salaries and Wages (627,000) (592,000)
Accrued Expenses (280,000) (277,000)
Accrued Production Costs 1,679,000 1,092,000
Participations Payable (449,000) (1,067,000)
Deferred Revenue 3,106,000 (5,937,000)
Lease Liability (788,000) (622,000)
Due to Related Party (1,000) (4,000)
Other Liabilities (113,000) (19,000)
Net Cash Used in Operating Activities (3,489,000) (16,092,000)
Cash Flows from Investing Activities:    
Repayments from Related Party for Note Receivables 83,000 1,333,000
Proceeds from Principal Collections on Marketable Securities 0 460,000
Proceeds from Sales and Maturities of Marketable Securities 10,046,000 72,137,000
Purchase of Property and Equipment (117,000) (72,000)
Net Cash Provided by Investing Activities 10,012,000 73,858,000
Cash Flows from Financing Activities:    
Proceeds from Margin Loan 11,021,000 21,160,000
Repayments of Margin Loan (10,901,000) (81,169,000)
Proceeds from Production Facilities 8,852,000 12,932,000
Repayment of Production Facilities (14,756,000) (17,667,000)
(Repayments of )/Proceeds from Bank Indebtedness, net (2,810,000) 1,122,000
Proceeds from Warrant Exchange, net 0 5,299,000
Principal Payments on Finance Lease Obligations (1,661,000) (2,162,000)
Debt Issuance Costs (2,000) (18,000)
Film Financing from External Investors 0 0
Placement Agent Fee Paid in Cash (390,000) 0
Proceeds from Securities Purchase Agreement, net 7,515,000 0
Shares Withheld for Taxes on Vested Restricted Shares (1,000) (49,000)
Proceeds from Warrant Exercise 2,000 0
Payment for Warrant Put Option Exercise 0 (250,000)
Net Cash Used in Financing Activities (3,131,000) (60,802,000)
Effect of Exchange Rate Changes on Cash 898,000 (301,000)
Net Increase (Decrease) in Cash and Restricted Cash 4,290,000 (3,337,000)
Beginning Cash and Restricted Cash 4,095,000 7,432,000
Ending Cash and Restricted Cash 8,385,000 4,095,000
Supplemental Disclosures of Cash Flow Information    
Cash Paid for Interest 129,000 1,822,000
Cash Paid for Taxes 0 64,000
Non-Cash Operating Activities    
Reduction in Leased Asset Due to Modified Lease Liability 0 219,000
Non-Cash Financing and Investing Activities    
Leased Assets Obtained in Exchange for New Finance Lease Liabilities 0 1,432,000
Warrants Issued for Services 0 443,000
Warrant Modification $ 0 $ 3,510,000