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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net loss $ (57,161) $ (70,827)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 395 334
Amortization of platform development and intangible assets 19,828 18,214
Gain upon debt extinguishment (5,717)
Loss on termination of lease 7,345
Amortization of debt discounts 1,215 1,534
Loss on impairments of assets 466 904
Change in valuation of warrant derivative liabilities (497)
Noncash and accrued interest 86 5,273
Liquidated damages 639 2,198
Stock-based compensation 24,777 21,689
Deferred income taxes (1,235) (230)
Other 468 (1,060)
Change in operating assets and liabilities net of effect of business combination:    
Accounts receivable (1,385) (173)
Subscription acquisition costs 8,100 (8,434)
Royalty fees 11,250 11,250
Prepayments and other current assets 2,107 (78)
Other long-term assets 75 639
Accounts payable (7,652) 1,215
Accrued expenses and other (3,390) 5,566
Unearned revenue (7,382) 5,389
Subscription refund liability (2,250) 344
Operating lease liabilities (162) (2,448)
Other long-term liabilities (3,465) (692)
Net cash used in operating activities (14,676) (8,262)
Cash flows from investing activities    
Purchases of property and equipment (444) (300)
Capitalized platform development (3,990) (3,017)
Proceeds from sale of equity investment 2,450
Payments for acquisition of business, net of cash acquired (10,331) (7,357)
Net cash used in investing activities (12,315) (10,674)
Cash flows from financing activities    
Borrowings (repayments) under line of credit 6,486 (473)
Proceeds from common stock public offering, net of offering costs 32,058
Payments of issuance costs from common stock public offering (1,568)
Net exercise of common stock options 94
Payment of The Spun deferred cash payment (453)
Proceeds from common stock private placement 20,005
Payments of issuance costs from common stock private placement (167)
Payment for taxes related to repurchase of restricted common stock (3,520) (70)
Payment of restricted stock liabilities (2,152) (1,165)
Net cash provided by financing activities 30,945 18,130
Net increase (decrease) in cash, cash equivalents, and restricted cash 3,954 (806)
Cash, cash equivalents, and restricted cash – beginning of period 9,851 9,535
Cash, cash equivalents, and restricted cash – end of period 13,805 8,729
Cash, cash equivalents, and restricted cash    
Cash and cash equivalents 13,303 8,228
Restricted cash 502 501
Total cash, cash equivalents, and restricted cash 13,805 8,729
Supplemental disclosure of cash flow information    
Cash paid for interest 7,209 902
Cash paid for income taxes
Noncash investing and financing activities    
Reclassification of stock-based compensation to platform development 1,529 1,347
Restricted stock issued in connection with acquisition of Fulltime Fantasy 503
Deferred cash payments in connection with acquisition of Fulltime Fantasy 419
Issuance of common stock in connection with settlement of liquidated damages 7,008
Issuance of common stock in connection with professional services 125
Common stock issued in connection with acquisition of Athlon 3,141
Deferred cash payments in connection with acquisition of Athlon 949
Assumption of liabilities in connection with acquisition of Athlon 11,602
Deferred cash payments in connection with acquisition of The Spun 905
Assumption of liabilities in connection with acquisition of The Spun 2
Conversion of Series H convertible preferred stock into common stock $ 511