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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net loss $ (12,941) $ (48,896)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Change in fair value of warrant liability 44 (213)
Additions to content assets (5,698) (18,316)
Change in content liabilities (125) (2,455)
Amortization of content assets 19,130 22,905
Depreciation and amortization expenses 339 496
Impairment of content assets 0 18,970
Amortization of premiums and accretion of discounts associated with investments in debt securities, net (294) 26
Stock-based compensation 6,568 3,999
Equity method investment loss 2,506 5,404
Other non-cash items 430 481
Changes in operating assets and liabilities    
Accounts receivable (1,343) 6,139
Other assets 1,131 855
Accounts payable 843 (1,295)
Accrued expenses and other liabilities 1,383 (4,542)
Deferred revenue (3,822) 270
Net cash provided by (used in) operating activities 8,151 (16,172)
Cash flows from investing activities    
Purchases of property and equipment 0 (5)
Investment in equity method investees 0 (992)
Maturities of investments in debt securities 7,200 15,000
Purchases of investments in debt securities (38,605) 0
Net cash (used in) provided by investing activities (31,405) 14,003
Cash flows from financing activities    
Repurchases of common stock (251) 0
Dividends paid (4,063) 0
Payments related to tax withholding (2,696) (123)
Net cash used in financing activities (7,010) (123)
Net (decrease) in cash, cash equivalents and restricted cash (30,264) (2,292)
Cash, cash equivalents and restricted cash, beginning of period 38,215 40,507
Cash, cash equivalents and restricted cash, end of period 7,951 38,215
Supplemental disclosure:    
Cash paid for taxes 80 195
Cash paid for operating leases $ 510 $ 466