Cash Flow

v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities:    
Net income (loss) $ 519 $ (18,150)
Loss from discontinued operations   258
Income (loss) from continuing operations 519 (17,892)
Adjustments to reconcile net income (loss) from continuing operations to net cash provided by (used in) operating activities:    
Depreciation and amortization 12,042 9,595
Share-based compensation expense 2,338 1,812
Gain on sale of real estate (6,125)  
Changes in operating assets and liabilities:    
Accounts receivable, net 130 (976)
Prepaid expenses and other assets 601 776
Accounts payable and accrued liabilities (2,206) 2,039
Deferred revenue 4,351 1,996
Net cash provided by (used in) operating activities - continuing operations 11,650 (2,650)
Net cash used in operating activities - discontinued operations   76
Net cash provided by (used in) operating activities 11,650 (2,574)
Investing activities:    
Acquisitions, net of cash acquired, and purchases of intangible assets   (1,575)
Proceeds from sale of real estate 13,150  
Additions to media library, software and equipment (13,326) (18,700)
Net cash used in investing activities (176) (20,275)
Financing activities:    
Proceeds from issuance of mortgage, net of issuance costs 10,388 16,592
Proceeds from the issuance of common stock 249 287
Repayments of debt (21,000) (12,500)
Net cash provided by (used in) financing activities (10,363) 4,379
Net increase (decrease) in cash 1,111 (18,470)
Cash at beginning of year 11,494 29,964
Cash at end of year 12,605 11,494
Supplemental cash flow information    
Interest paid 732 690
Income taxes paid $ 129 $ 9

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