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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net loss $ (6,427) $ (12,941)
Adjustments to reconcile net loss to net cash provided by operating activities    
Change in fair value of warrant liability (88) 44
Additions to content assets (13,944) (5,698)
Change in content liabilities 80 (125)
Amortization of content assets 14,511 19,130
Depreciation and amortization expenses 164 339
Amortization of premiums and accretion of discounts associated with investments in debt securities, net (517) (294)
Stock-based compensation 14,366 6,568
Equity method investment loss 180 2,506
Other non-cash items 468 430
Changes in operating assets and liabilities    
Accounts receivable (2,790) (1,343)
Other assets (194) 1,131
Accounts payable 3,795 843
Accrued expenses and other liabilities 6,070 1,383
Deferred revenue (2,617) (3,822)
Net cash provided by operating activities 13,057 8,151
Cash flows from investing activities    
Purchases of property and equipment (102) 0
Sales of investments in debt securities 5,001 0
Maturities of investments in debt securities 30,550 7,200
Purchases of investments in debt securities (12,301) (38,605)
Net cash provided by (used in) investing activities 23,148 (31,405)
Cash flows from financing activities    
Repurchases of common stock 0 (251)
Dividends paid (22,010) (4,063)
Payments related to tax withholding (3,768) (2,696)
Net cash used in financing activities (25,778) (7,010)
Net increase (decrease) in cash, cash equivalents and restricted cash 10,427 (30,264)
Cash, cash equivalents and restricted cash, beginning of period 7,951 38,215
Cash, cash equivalents and restricted cash, end of period 18,378 7,951
Supplemental non-cash investing and financing activities:    
Acquisition of equity investment included in accrued liabilities 178 0
Supplemental disclosure:    
Cash paid for operating leases $ 570 $ 510