Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities
Net loss	$ (15,794)	$ (4,708)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Stock-based compensation	2,946	5,227
Amortization of debt issuance costs	519	580
Accretion of debt discount	720	994
Provision for (benefit from) deferred taxes	107	(535)
Depreciation and amortization	539	528
Net unrealized depreciation on investments	1,288	1,368
Losses (income) from equity method investments	330	(257)
Reclassification of cumulative dividends paid on forfeited restricted stock units to compensation and benefits expense	375	336
Non-cash lease costs	1,823	1,823
Other non-cash amounts	330	0
Changes in operating assets and liabilities:
Management fees receivable	2,305	1,748
Income distributions received from equity method investments	772	648
Purchase of investments	0	(706)
Sale of investments	95	822
Other assets	(2,181)	(207)
Operating lease liabilities	(1,313)	(2,042)
Accounts payable, accrued expenses and other liabilities	5,338	(4,329)
Net cash (used in) provided by operating activities	(1,801)	1,290
Cash flows from investing activities
Purchases of fixed assets	(16)	(37)
Distributions received from investment held at cost less impairment	27	222
Decrease in cash resulting from the deconsolidation of STRF	(471)	0
Capital contributions to equity method investments	0	(3)
Net cash (used in) provided by investing activities	(460)	182
Cash flows from financing activities
Payments to former minority interest holder	(1,575)	(3,500)
Distributions to non-controlling interests and redeemable non-controlling interests	(551)	(3,317)
Dividends paid	0	(238)
Payments of tax withholdings related to net share settlement of restricted stock units	(123)	(511)
Net cash used in financing activities	(2,249)	(7,566)
Net decrease in cash and cash equivalents	(4,510)	(6,094)
Cash and cash equivalents, beginning of period	10,558	17,219
Cash and cash equivalents, end of period	6,048	11,125
Supplemental cash flow information
Recognition of right-of-use assets under operating leases upon adoption of new leasing standard	0	8,233
Recognition of operating lease liabilities arising from obtaining right-of-use assets under operating leases upon adoption of new leasing standard	0	10,229
Accretion of operating lease liabilities recorded against right-of-use assets	0	586
Medley LLC
Supplemental cash flow information
Fair value adjustment to redeemable non-controlling interest in STRF Advisors LLC (Note 17)	$ 752	$ 0