Cash Flow

v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net income (loss) $ (2,861) $ 202
Loss from discontinued operations   293
Income (loss) from continuing operations (2,861) 495
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 8,374 7,904
Share-based compensation expense 543 930
Changes in operating assets and liabilities:    
Accounts receivable (665) (244)
Prepaid expenses and other current assets (333) (292)
Accounts payable and accrued liabilities 70 (2,476)
Deferred revenue 1,352 371
Net cash provided by operating activities - continuing operations 6,480 6,688
Net cash provided by (used in) operating activities - discontinued operations   (293)
Net cash provided by operating activities 6,480 6,395
Investing activities:    
Additions to media library, software and equipment (7,119) (9,572)
Acquisitions, net of cash acquired, and purchase of intangible assets   (847)
Net cash used in investing activities (7,119) (10,419)
Financing activities:    
Repayment of debt (12,686) (93)
Proceeds from short term borrowings 12,600  
Proceeds from the issuance of common stock 42 43
Net cash used in financing activities (44) (50)
Net change in cash (683) (4,074)
Cash at beginning of period 11,562 10,269
Cash at end of period 10,879 6,195
Supplemental cash flow information    
Interest paid 253 $ 129
Value of shares issued for acquisition of content added to Media Library $ 669  

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