Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities:    
Net Loss $ (24,793,000) $ (4,562,000)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Amortization of Film and Television Costs 236,000 200,000
Depreciation and Amortization of Property, Equipment & Intangible Assets 705,000 263,000
Amortization of Right of Use Asset 748,000 97,000
Amortization of Premium on Marketable Securities 169,000 276,000
Share Based Compensation Expense 910,000 4,491,000
Impairment Loss of Intangible Assets 4,023,000 0
Impairment of Goodwill 11,287,000 0
Impairment of Property and Equipment 119,727 0
(Gain) Loss on Revaluation of Equity Investments in Your Family Entertainment AG 895,000 (5,395,000)
Unrealized (Gain) Loss on Foreign Currency Transactions (308,000) 192,000
Gain on Warrant Revaluation (139,000) (41,000)
Realized Loss on Marketable Securities 1,537,000 79,000
Noncash Interest Expense 1,044,000 0
Stock Issued for Services 0 312,000
Bad Debt Expense 161,000 9,000
Other Non-Cash Items 2,000 0
Decrease (Increase) in Operating Assets:    
Accounts Receivable, net 5,107,000 4,399,000
Other Receivable 294,000 295,000
Tax Credits Earned (less capitalized) (4,597,000) 0
Tax Credits Received, net 7,237,000 0
Film and Television Costs, net (365,000) (1,293,000)
Prepaid Expenses and Other Assets 379,000 (914,000)
Increase (Decrease) in Operating Liabilities:    
Accounts Payable (5,838,000) (2,016,000)
Accrued Salaries & Wages 370,000 49,000
Accrued Expenses 129,000 84,000
Accrued Production Costs (94,000) (1,552,000)
Participations Payable (373,000) (114,000)
Deferred Revenue (2,749,000) (73,000)
Lease Liability (195,000) (98,000)
Interest Paid on Debt (636,000) 0
Due To Related Party (2,000) (51,000)
Other Liabilities (21,000) 0
Net Cash Used in Operating Activities (4,757,000) (5,363,000)
Cash Flows from Investing Activities:    
Cash Payment for Equity Investment in Your Family Entertainment 0 (6,637,000)
Cash Payment for Ameba, net of Cash Acquired 0 (3,893,000)
Loans to Related Party (52,000) (102,000)
Proceeds from Principal Collections on Marketable Securities 460,000 1,910,000
Proceeds from Sales and Maturities of Marketable Securities 14,257,000 5,536,000
Purchase of Property & Equipment (17,000) (61,000)
Net Cash Provided by (Used in) Investing Activities 14,648,000 (3,247,000)
Cash Flows from Financing Activities:    
Proceeds from Margin Loan 3,732,000 59,570,000
Repayments of Margin Loan (15,648,000) (8,210,000)
(Repayments of)/Proceeds from Production Facilities, net (1,840,000) 0
Proceeds from Bank Indebtedness, net 2,030,000 0
Repayments of Notes Payable 0 (7,000)
Principal Payments on Finance Lease Obligations (535,000) 0
Debt Issuance Costs (45,000) 0
Shares Withheld for Taxes on Vested Restricted Shares (9,000) 0
Payment for Warrant Put Option Exercise (250,000) 0
Net Cash Provided by (Used in) Financing Activities (12,565,000) 51,353,000
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 7,000 8,000
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (2,667,000) 42,751,000
Beginning Cash, Cash Equivalents and Restricted Cash 7,432,000 10,060,000
Ending Cash, Cash Equivalents and Restricted Cash 4,765,000 52,811,000
Schedule of Non-Cash Financing and Investing Activities    
Leased Assets Obtained in Exchange for New Finance Lease Liabilities $ 1,216,000 $ 0