Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net Loss $ (4,531) $ (76,259)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Amortization of Film and Television Costs 200 118
Depreciation and Amortization of Property, Equipment & Intangible Assets 263 106
Amortization of Right of Use Asset 97 46
Share Based Compensation Expense 4,491 2,573
Amortization of Premium on Marketable Securities 276 0
Gain on Revaluation of Equity Investment in Your Family Entertainment (“YFE”) (5,395) 0
(Gain) Loss on Warrant Revaluation (41) 436
Realized Loss on Marketable Securities 79 0
Warrant Incentive Expense 0 69,139
Stock Issued for Services 312 41
Other 201 73
Decrease (Increase) in Operating Assets:    
Accounts Receivable, net 4,399 401
Other Receivables 295 0
Film and Television Costs, net (1,293) (1,396)
Lease Deposits 0 (36)
Prepaid Expenses & Other Assets (914) (1,531)
Increase (Decrease) in Operating Liabilities:    
Accounts Payable (2,016) 353
Accrued Production Costs (1,552) 0
Accrued Salaries & Wages 49 134
Participations Payable (114) 114
Deferred Revenue (73) 97
Lease Liability (98) 148
Due to Related Party (51) (1)
Accrued Expenses 84 (196)
Net Cash Used in Operating Activities (5,332) (5,640)
Cash Flows from Investing Activities:    
Cash Payment for Equity Investment in YFE (6,637) 0
Cash Payment for Ameba, net of Cash Acquired (3,893) 0
Cash Payment for ChizComm, net of cash acquired 0 (7,789)
Investment in Stan Lee Universe, LLC 0 (250)
Proceeds from Principal Collections on Marketable Securities 1,910 0
Proceeds from Sales of Marketable Securities 5,536 0
Purchase of Property & Equipment (61) (17)
Net Cash Used in Investing Activities (3,145) (8,056)
Cash Flows from Financing Activities:    
Proceeds from Margin Loan 59,570 0
Repayments of Margin Loan (8,210) 0
Note & Accounts Receivable from Related Party (102) 0
Repayment of Note Payable (7) 0
Consolidation of VIE (VIE Asset/Liability) (31) 0
Proceeds from Warrant Exchange, net 0 57,265
Repayment of Production Facility, net 0 (412)
Net Cash Provided by Financing Activities 51,220 56,853
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 8 0
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash 42,751 43,157
Beginning Cash, Cash Equivalents and Restricted Cash 10,060 100,456
Ending Cash, Cash Equivalents and Restricted Cash 52,811 143,613
Schedule of Non-Cash Financing and Investing Activities    
Shares issued for ChizComm acquisition 0 3,527
Liability for Acquisition Earnout Shares $ 0 $ 7,210