Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net loss $ (15,338) $ (22,713)
(Income) loss from discontinued operations 258 (242)
Loss from continuing operations (15,080) (22,955)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:    
Depreciation and amortization 6,849 5,045
Share-based compensation expense 1,597 1,138
Changes in operating assets and liabilities:    
Accounts receivable (741) (428)
Prepaid expenses and other assets (685) (787)
Accounts payable and accrued liabilities 1,572 3,392
Deferred revenue 492 1,211
Net cash used in operating activities - continuing operations (5,996) (13,384)
Net cash provided by operating activities - discontinued operations 76 242
Net cash used in operating activities (5,920) (13,142)
Investing activities:    
Acquisitions, net of cash acquired, and purchases of intangible assets (1,575)  
Additions to media library, property and equipment (14,914) (13,753)
Net cash used in investing activities (16,489) (13,753)
Financing activities:    
Repayments on line of credit (12,500) (12,500)
Proceeds from issuance of term mortgage, net of issuance costs 16,592  
Proceeds from the issuance of common stock   37,430
Net cash provided by financing activities 4,092 24,930
Net decrease in cash (18,317) (1,965)
Cash at beginning of period 29,964 32,778
Cash at end of period $ 11,647 $ 30,813