Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:    
Net Loss $ (40,039,000) $ (16,710,000)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Amortization of Film and Television Costs 474,000 2,253,000
Depreciation and Amortization of Property, Equipment & Intangible Assets 1,324,000 1,103,000
Amortization of Right of Use Asset 1,486,000 700,000
Amortization of Premium on Marketable Securities 322,000 545,000
Share Based Compensation Expense 1,627,000 8,736,000
Impairment Loss of Intangible Assets 4,023,000 0
Impairment of Goodwill 11,287,000 0
Impairment of Property and Equipment 120,000 0
Warrant Incentive Expense 16,174,000 0
Deferred Income Taxes (705,000) 0
Marketing Expenses in Exchange for Stock 1,195,000 0
Gain on Revaluation of Equity Investments in Your Family Entertainment AG (3,427,000) (2,901,000)
Unrealized (Gain) Loss for Foreign Currency of Equity Investments in Your Family Entertainment AG (295,000) 1,296,000
Gain on Warrant Revaluation (6,202,000) (269,000)
Realized Loss on Marketable Securities 2,257,000 123,000
Stock Issued for Services 997,000 312,000
Bad Debt Expense 246,000 51,000
Other Non-Cash Items (3,000) 0
Decrease (Increase) in Operating Assets:    
Accounts Receivable, net 7,217,000 6,078,000
Other Receivable 749,000 384,000
Tax Credits Earned (less capitalized) (8,931,000) (4,247,000)
Tax Credits Received, net 10,419,000 1,702,000
Film and Television Costs, net (689,000) (6,015,000)
Prepaid Expenses and Other Assets (563,000) (469,000)
Increase (Decrease) in Operating Liabilities:    
Accounts Payable (5,219,000) (4,439,000)
Accrued Salaries & Wages 54,000 338,000
Accrued Expenses 339,000 (2,048,000)
Accrued Production Costs 473,000 (1,438,000)
Participations Payable (813,000) 1,283,000
Deferred Revenue (4,216,000) (3,455,000)
Lease Liability (297,000) (352,000)
Due To Related Party 53,000 (63,000)
Other Liabilities (24,000) (42,000)
Net Cash Used in Operating Activities (10,587,000) (17,544,000)
Cash Flows from Investing Activities:    
Cash Payment for Wow, net of Cash Acquired 0 (37,311,000)
Cash Payment for Equity Investment in Your Family Entertainment 0 (9,540,000)
Cash Payment for Ameba, net of Cash Acquired 0 (3,893,000)
Repayments from/(Loans to) Related Party for Note Receivables 1,357,000 (128,000)
Proceeds from Principal Collections on Marketable Securities 460,000 4,420,000
Proceeds from Sales and Maturities of Marketable Securities 34,169,000 5,536,000
Investment in Intangible Assets, net 0 (22,000)
Purchase of Property & Equipment (38,000) (401,000)
Net Cash Provided by (Used in) Investing Activities 35,948,000 (41,339,000)
Cash Flows from Financing Activities:    
Proceeds from Margin Loan 8,582,000 58,980,000
Repayments of Margin Loan (41,778,000) (4,522,000)
(Repayments of)/Proceeds from Production Facilities, net (1,494,000) 2,495,000
Proceeds from Bank Indebtedness, net 2,931,000 1,291,000
Proceeds From Warrant Exchange, net 5,299,000 0
Repayments of Notes Payable 0 (9,000)
Principal Payments on Finance Lease Obligations (1,216,000) (442,000)
Distributions to Non-Controlling Interest 0 (1,200,000)
Shares Withheld for Taxes on Vested Restricted Shares (15,000) 0
Payment for Warrant Put Option Exercise (250,000) 0
Net Cash (Used in) Provided by Financing Activities (27,941,000) 56,593,000
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (13,000) 46,000
Net Decrease in Cash, Cash Equivalents and Restricted Cash (2,593,000) (2,244,000)
Beginning Cash, Cash Equivalents and Restricted Cash 7,432,000 10,060,000
Ending Cash, Cash Equivalents and Restricted Cash 4,839,000 7,816,000
Schedule of Non-Cash Financing and Investing Activities    
Leased Assets Obtained in Exchange for New Finance Lease Liabilities 1,216,000 0
Warrants Issued for Services 443,000 0
Shares Issued for Wow Acquisition 0 11,554,000
Fair Value of Replacement Options Granted Related to Wow Acquisition $ 0 $ 1,213,000