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 ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net Loss $ (12,987,000) $ (36,300,000)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Amortization of Film and Television Costs 144,000 474,000
Depreciation and Amortization of Property, Equipment & Intangible Assets 1,201,000 1,324,000
Amortization of Right-of-Use Asset 971,000 1,486,000
Amortization of Premium on Marketable Securities 44,000 322,000
Share-Based Compensation Expense 390,000 1,627,000
Impairment of Film and Television Costs 17,000 0
Impairment of Intangible Assets 0 4,023,000
Impairment of Goodwill 0 11,287,000
Impairment of Property and Equipment 0 120,000
Deferred Income Taxes 0 (934,000)
Marketing Expenses in Exchange for Stock 0 1,195,000
(Gain) Loss on Revaluation of Equity Investments in Your Family Entertainment AG 881,000 (3,427,000)
Unrealized (Gain) Loss on Foreign Currency of Equity Investments in Your Family Entertainment AG 596,000 (295,000)
Gain on Warrant Revaluation (60,000) (6,202,000)
Realized Loss on Marketable Securities 357,000 2,257,000
Warrant Incentive Expense 0 12,664,000
Stock Issued for Services 158,000 997,000
Credit Loss Expense 114,000 246,000
Other Non-Cash Items 3,000 (3,000)
Decrease (Increase) in Operating Assets:    
Accounts Receivable, net 5,322,000 7,217,000
Other Receivable (270,000) 749,000
Tax Credits Earned (less capitalized) (4,128,000) (8,931,000)
Tax Credits Received, net 10,251,000 10,419,000
Film and Television Costs, net (440,000) (689,000)
Prepaid Expenses and Other Assets (513,000) (563,000)
Increase (Decrease) in Operating Liabilities:    
Accounts Payable (6,592,000) (5,219,000)
Accrued Salaries & Wages 52,000 54,000
Accrued Expenses 384,000 339,000
Accrued Production Costs 643,000 473,000
Participations Payable (441,000) (813,000)
Deferred Revenue 1,682,000 (4,216,000)
Lease Liability (413,000) (297,000)
Due to Related Party (1,000) 53,000
Other Liabilities (19,000) (24,000)
Net Cash Used in Operating Activities (2,654,000) (10,587,000)
Cash Flows from Investing Activities:    
Repayments from/(Loans to) Related Party for Note Receivables 45,000 1,357,000
Proceeds from Principal Collections on Marketable Securities 0 460,000
Proceeds from Sales and Maturities of Marketable Securities 5,514,000 34,169,000
Investment in Intangible Assets, net (7,000) 0
Purchase of Property & Equipment (34,000) (38,000)
Net Cash Provided by Investing Activities 5,518,000 35,948,000
Cash Flows from Financing Activities:    
Proceeds from Margin Loan 6,297,000 8,582,000
Repayments of Margin Loan (6,022,000) (41,778,000)
Proceeds from Production Facilities 4,285,000 6,866,000
Repayment of Production Facilities (9,653,000) (8,315,000)
(Repayments of )/Proceeds from Bank Indebtedness, net (2,628,000) 2,931,000
Proceeds from Securities Purchase Agreement 3,329,000 0
Principal Payments on Finance Lease Obligations (389,000) (1,216,000)
Debt Issuance Costs (48,000) (45,000)
Proceeds from Warrant Exchange, net 0 5,299,000
Shares Withheld for Taxes on Vested Restricted Shares 25,000 (15,000)
Payment for Warrant Put Option Exercise 0 (250,000)
Net Cash Used in Financing Activities (4,804,000) (27,941,000)
Effect of Exchange Rate Changes on Cash 586,000 (13,000)
Net Decrease in Cash (1,354,000) (2,593,000)
Beginning Cash 4,095,000 7,432,000
Ending Cash 2,741,000 4,839,000
Supplemental Disclosures of Cash Flow Information    
Cash Paid for Interest 75,000 285,000
Non-Cash Financing and Investing Activities    
Leased Assets Obtained in Exchange for New Finance Lease Liabilities 0 1,216,000
Warrants Issued for Services $ 0 $ 443,000