XML 22 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows From Operating Activities    
Net loss $ (7,959) $ (34,444)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of software and intangible assets 6,099 15,513
Depreciation on property and equipment 1,535 1,648
Non-cash interest and amortization of debt discount and debt issuance costs 4,686 3,978
Share-based compensation expense 3,572 5,397
Gain on extinguishment of content liability (9,717)
Loss on extinguishment of debt 8,784
Change in fair value of synthetic equity (830)
Deferred income tax (418) (568)
Other 287 (100)
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable 2,666 2,619
Prepaid expenses 102 1,593
Other current assets (894) 741
Other assets 767 (473)
Accounts payable (1,222) 382
Accrued compensation and benefits (838) (1,140)
Accrued content license fees (566) (464)
Liabilities to users 275 (861)
Other current liabilities (283) 2,612
Other liabilities (1,996) 1,765
Net cash provided by (used in) operating activities 5,813 (3,565)
Cash Flows From Investing Activities    
Expenditures for capitalized software development costs (2,315) (3,309)
Purchases of gaming licenses (279) (411)
Purchases of property and equipment (536) (3,095)
Net cash used in investing activities (3,130) (6,815)
Cash Flows From Financing Activities    
Proceeds from issuance of long-term debt 42,000
Paydown of debt principle (30,000)
Payment of premiums on debt extinguishment (7,267)
Payment of debt issuance costs (3,137)
Proceeds from exercise of share options 2 202
Proceeds from issuance of ordinary shares upon ESPP purchase 66
Repurchase of restricted shares to pay tax liability (517)
Net cash provided by financing activities 2 1,347
Effect of foreign exchange rates on cash (2,521) 1,691
Net increase (decrease) in cash 164 (7,342)
Cash and cash equivalents, beginning of period 38,578 45,920
Cash and cash equivalents, end of period 38,742 38,578
Supplemental Cash Flow Information    
Interest 2 1,068
Income taxes 438 331
Right-of-use asset obtained in exchange for new operating lease liabilities 4,718
Contract asset and contingent liability related to synthetic equity $ 1,143