XML 20 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (7,066,000) $ (17,672,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Change in fair value of warrant liability 30,000 (110,000)
Additions to content assets (1,693,000) (7,103,000)
Change in content liabilities (84,000) (1,112,000)
Amortization of content assets 9,901,000 12,317,000
Depreciation and amortization expenses 210,000 249,000
Amortization of premiums and accretion of discounts associated with investments in debt securities, net 0 26,000
Stock-based compensation 2,014,000 2,689,000
Equity method investment loss 1,908,000 2,454,000
Other non-cash items 239,000 243,000
Changes in operating assets and liabilities    
Accounts receivable 154,000 1,812,000
Other assets 954,000 1,464,000
Accounts payable (1,697,000) (645,000)
Accrued expenses and other liabilities (858,000) (3,862,000)
Deferred revenue (1,156,000) (1,358,000)
Net cash provided by (used in) operating activities 2,856,000 (10,608,000)
Cash flows from investing activities    
Purchases of property and equipment 0 (5,000)
Maturities of investments in debt securities 0 15,000,000
Net cash provided by investing activities 0 14,995,000
Cash flows from financing activities    
Repurchases of common stock (26,000) 0
Dividends paid (1,333,000) 0
Payments related to tax withholding (68,000) (57,000)
Net cash used in financing activities (1,427,000) (57,000)
Net increase in cash, cash equivalents and restricted cash 1,429,000 4,330,000
Cash, cash equivalents and restricted cash, beginning of period 38,215,000 40,507,000
Cash, cash equivalents and restricted cash, end of period 39,644,000 44,837,000
Supplemental disclosure:    
Cash paid for taxes 50,000 25,000
Cash paid for operating leases $ 276,000 $ 269,000