Cash Flow

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities:    
Net loss $ (18,150) $ (33,793)
(Income) loss from discontinued operations 258 (320)
Loss from continuing operations (17,892) (34,113)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:    
Depreciation and amortization 9,595 6,989
Share-based compensation expense 1,812 1,650
Changes in operating assets and liabilities:    
Accounts receivable, net (976) (279)
Prepaid expenses and other assets 776 (811)
Accounts payable and accrued liabilities 2,039 3,146
Deferred revenue 1,996 1,713
Net cash used in operating activities - continuing operations (2,650) (21,705)
Net cash used in operating activities - discontinued operations 76 320
Net cash used in operating activities (2,574) (21,385)
Investing activities:    
Acquisitions, net of cash acquired, and purchases of intangible assets (1,575)  
Additions to media library, property and equipment (18,700) (18,859)
Net cash used in investing activities (20,275) (18,859)
Financing activities:    
Proceeds from issuance of term mortgage, net of issuance costs 16,592  
Proceeds from the issuance of common stock 287 37,430
Drawdowns on line of credit   12,500
Repayments on line of credit (12,500) (12,500)
Net cash provided by financing activities 4,379 37,430
Net decrease in cash (18,470) (2,814)
Cash at beginning of year 29,964 32,778
Cash at end of year 11,494 29,964
Supplemental cash flow information    
Interest paid 690 59
Income taxes paid $ 9 $ 10

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