Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:    
Net Loss $ (126,291) $ (401,670)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Amortization of Film and Television Costs 19,538 980
Depreciation and Amortization of Property, Equipment & Intangible Assets 599 94
Share Based Compensation Expense 16,451 8,929
Amortization of Right of Use Asset 298 285
Amortization of Premium on Marketable Securities 659 0
Loss on Fair Value of Equity Investment 106 0
Gain on Contingent Consideration Revaluation (5,870) 0
(Gain) Loss on Warrant Revaluation (342) 210,895
Realized Loss on Marketable Securities 70 0
Impairment of Goodwill 4,778 0
Impairment Loss on Intangible Assets 3,452 0
Warrant Incentive Expense 69,139 0
Stock Issued for Services 41 339
Loss On Lease Termination 0 339
Loss on Conversion Option Revaluation 0 171,836
Debt Discount in Excess of the Principal 0 1,032
Other Non-Cash Items 19 37
Decrease (Increase) in Operating Assets:    
Accounts Receivable, net 228 2,329
Other Receivable (504) 0
Film and Television Costs, net (9,642) (2,901)
Inventory, net 0 9
Lease Deposits (14) 325
Prepaid Expenses and Other Assets 2,910 (357)
Increase (Decrease) in Operating Liabilities:    
Accounts Payable (169) (389)
Accrued Production Costs 1,733 0
Accrued Salaries & Wages 370 197
Participations Payable (721) 888
Deferred Revenue (509) (677)
Lease Liability (186) (209)
Due To Related Party 60 (582)
Accrued Expenses 54 217
Net Cash Used in Operating Activities (23,743) (8,054)
Cash Flows from Investing Activities:    
Investment in Stan Lee Universe, LLC 0 (1,000)
Cash Payment for ChizComm, net of Cash Acquired (7,789) (301)
Cash Payment for Equity Investment in Your Family Entertainment (3,386) 0
Investment in Marketable Securities (305,387) 0
Proceeds from Principal Collections on Marketable Securities 4,251 0
Proceeds from Sales of Marketable Securities 186,165 0
Investment in Intangible Assets, net (1,008) (26)
Investment in Property & Equipment (302) (76)
Net Cash Used in Investing Activities (127,456) (1,403)
Cash Flows from Financing Activities:    
Proceeds from Margin Loan 6,392 0
Note Receivable from Related Party (1,276) 0
Proceeds From Warrant Exchange 57,265 5,874
Repayment of Production Facility, net (1,100) (1,992)
Proceeds from/(Payment) of Payroll Protection Program, net (366) 366
Payment of Notes Payable (20) 0
Consolidation of VIE (VIE Asset/Liability Additions) (76) 0
Proceeds from Sale of Securities Purchase Agreement, net 0 98,584
Proceeds from Senior Secured Convertible Notes, net 0 6,098
Collection Of Investor Notes 0 3,600
Payment of Secured Convertible Notes 0 (2,867)
Note Conversion Costs 0 (55)
Net Cash Provided by Financing Activities 60,819 109,608
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (16) 0
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash (90,396) 100,151
Beginning Cash, Cash Equivalents and Restricted Cash 100,456 305
Ending Cash, Cash Equivalents and Restricted Cash 10,060 100,456
Supplemental Disclosures of Cash Flow Information:    
Cash Paid for Interest 19 470
Schedule of Non-Cash Financing and Investing Activities    
Senior Convertible notes were converted into 65,476,190 shares of Common Stock 58,522,601 warrants were exercised on a cashless basis resulting in the issuance of 52,551,716 shares of Common Stock 0 13,750
Shares issued for ChizComm acquisition 3,527 0
Shares issued for YFE Investment 3,409 0
Non-cash Investment in Intangible Asset 2,000 0
Non-cash Contributions from non-controlling Interests (2,000) 0
Issuance of Common Stock for production services 1,008 0
Warrant Derivative Liability 0 10,230
Contingent Earn Out Liability $ 7,210 $ 0