Cash Flow

v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities:    
Net income (loss) $ (3,095) $ 3,731
Loss from discontinued operations 360  
Income (loss) from continuing operations (2,735) 3,731
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 15,938 13,145
Share-based compensation 1,821 1,710
Provision for (benefit from) income taxes 202 (2,011)
Changes in operating assets and liabilities:    
Accounts receivable (227) (682)
Prepaid expenses and other assets (670) 8
Accounts payable and accrued liabilities (1,726) 4,192
Deferred revenue (723) 774
Net cash provided by operating activities- continuing operations 11,880 20,867
Net cash used in operating activities - discontinued operations (360)  
Net cash provided by operating activities 11,520 20,867
Investing activities:    
Acquisitions, net of cash acquired, and purchase of intangible assets (847) (6,518)
Additions to media library, software and equipment and other assets (18,257) (17,340)
Net cash used in investing activities (19,104) (23,858)
Financing activities:    
Proceeds from borrowings under revolving line of credit 9,000  
Proceeds from the issuance of common stock 43 815
Repayments of debt (166) (160)
Net cash provided by financing activities 8,877 655
Net increase (decrease) in cash 1,293 (2,336)
Cash at beginning of year 10,269 12,605
Cash at end of year 11,562 10,269
Supplemental cash flow information    
Interest paid 301 1,144
Income taxes paid $ 12 129
Value of shares issued for acquisition and business combination   $ 9,724

Source