| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Cash flows from Operating Activities: | ||||||
Net loss | ||||||
-31,806 | -844 | - | - | |||
Net (loss) income | ||||||
- | - | 21,081 | 781 | |||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Share-based compensation | ||||||
1,061 | 953 | 638 | 1,542 | |||
Amortization of programming costs and rights | ||||||
710 | 2,752 | - | - | |||
Amortization of deferred financing costs | ||||||
82 | 57 | - | - | |||
Amortization of programming costs and rights | ||||||
- | - | 2,973 | 3,155 | |||
Amortization of deferred financing costs | ||||||
- | - | 43 | 40 | |||
Amortization of debt discount | ||||||
- | - | 865 | 383 | |||
Amortization of fixed assets and acquired intangibles | ||||||
13,293 | 326 | 9 | - | |||
Amortization of film library | ||||||
10,182 | 6,459 | - | - | |||
Amortization of leasehold improvements | ||||||
- | - | - | 0 | |||
Amortization of film library | ||||||
- | - | 1,378 | 0 | |||
Bad debt and video return expense | ||||||
2,669 | 1,222 | 112 | 0 | |||
Impairment of programming costs | ||||||
- | - | 21 | 0 | |||
Loss on debt extinguishment | ||||||
-350 | - | -24 | 0 | |||
Deferred income taxes | ||||||
452 | 373 | - | - | |||
Gain on bargain purchase | ||||||
- | - | 24,321 | 0 | |||
Deferred income taxes | ||||||
- | - | -725 | 439 | |||
Changes in operating assets and liabilities: | ||||||
Trade accounts receivable | ||||||
24,489 | 5,989 | 4,864 | 151 | |||
Prepaid expenses and other current assets | ||||||
657 | -133 | -163 | 200 | |||
Inventory | ||||||
49 | -106 | 25 | 0 | |||
Programming costs and rights | ||||||
2,151 | 8,267 | 6,732 | 5,120 | |||
Film library | ||||||
18,093 | 9,142 | 1,094 | 0 | |||
Prepaid distribution fees | ||||||
- | - | - | 592 | |||
Other assets | ||||||
- | - | 463 | 0 | |||
Accounts payable, accrued expenses and other payables | ||||||
24,165 | 3,366 | -682 | 671 | |||
Film library acquisition obligations | ||||||
2,305 | 2,052 | - | - | |||
Film library acquisition obligations | ||||||
- | - | -60 | 0 | |||
Accrued participation costs | ||||||
3,527 | -1,081 | 482 | 0 | |||
Other liabilities | ||||||
-244 | 269 | -66 | 0 | |||
Deferred revenue | ||||||
-6 | -508 | 443 | - | |||
Deferred revenue | ||||||
- | - | - | -3,428 | |||
Net cash provided by (used in) operating activities | ||||||
-18,698 | -7,760 | -10,797 | -2,479 | |||
Cash flows from Investing Activities: | ||||||
Expenditures for property and equipment | ||||||
- | -190 | 4,683 | 0 | |||
Increase in due from affiliated companies | ||||||
6,428 | 4,340 | - | - | |||
(Increase) decrease in due from affiliated companies | ||||||
- | - | 4,192 | - | |||
Due from affiliated companies | ||||||
- | - | - | -739 | |||
Purchase of video content license from affiliate | ||||||
- | - | - | 5,000 | |||
Net cash provided by (used in) investing activities | ||||||
-6,428 | -4,149 | -8,876 | -4,260 | |||
Proceeds from revolving credit facility from related party | ||||||
- | 200 | 4,825 | 4,530 | |||
Repayments of revolving credit facility from related party | ||||||
- | 1,700 | 6,805 | 1,050 | |||
Proceeds from commercial loan | ||||||
8,665 | 8,500 | - | - | |||
Repayments of notes payable | ||||||
- | - | 4,082 | 0 | |||
Repayments of commercial loan | ||||||
1,466 | 583 | 0 | - | |||
Proceeds from revolving credit facility | ||||||
5,000 | - | - | - | |||
Payment of preferred stock issuance costs | ||||||
1,489 | 1,956 | 2,949 | 0 | |||
Proceeds from notes payable from private placement | ||||||
- | - | 2,030 | 2,970 | |||
Proceeds from issuance of common stock under equity plans | ||||||
160 | - | - | - | |||
Payment of deferred financing costs | ||||||
203 | 391 | 0 | 84 | |||
Proceeds from issuance of Series A preferred stock | ||||||
17,012 | 19,612 | 0 | - | |||
Payment of stock issuance cost in private placements | ||||||
- | - | - | 197 | |||
Proceeds from issuance of common stock in IPO | ||||||
- | - | 26,903 | 0 | |||
Common stock repurchases held in treasury | ||||||
- | 632 | 0 | - | |||
Dividends paid to common stockholders | ||||||
- | 5,182 | 0 | - | |||
Dividends paid to preferred stockholders | ||||||
3,304 | 926 | 0 | - | |||
Proceeds from issuance of common stock in private placements | ||||||
- | - | 1,413 | 1,075 | |||
Net cash (used in) provided by financing activities | ||||||
24,373 | 16,939 | 21,334 | 7,243 | |||
Net increase (decrease) in cash and cash equivalents | ||||||
-754 | 5,028 | - | - | |||
Net decrease in cash and cash equivalents | ||||||
- | - | 1,660 | 503 | |||
Supplemental data: | ||||||
Interest paid | ||||||
605 | 267 | 298 | 110 | |||
Income taxes paid | ||||||
- | - | 52 | 0 | |||
Fair value of shares issued to executive producer | ||||||
- | - | 625 | 0 | |||
Non-cash investing activities: | ||||||
Fair value of warrants issued for Screen Media acquisition | ||||||
- | - | - | 0 | |||
Noncash investing activities (Crackle Plus business combination) | ||||||
51,672 | - | 281 | 0 | |||
Affiliated balances settled as a part of the A Sharp acquisition consideration | ||||||
- | 8,711 | 8,711 | - | |||
Fair value of warrants issued with revolving credit facility and term notes | ||||||
- | - | 143 | - | |||
Fair value of Preferred shares issued as a part of business acquisition - Pivotshare | ||||||
- | 3,434 | 0 | - | |||
Fair value of Common A shares issued as a part of business acquisition - Pivotshare | ||||||
- | 732 | - | - | |||
Fair value of warrants issued with revolving credit facility and term notes | ||||||
- | - | 410 | 863 | |||
Fair value of shares issued for Trema rights | ||||||
- | - | - | 792 | |||
Conversion of senior secured notes payable to Class A common stock | ||||||
- | - | 918 | 0 | |||
Pivotshare Acquisition [Member] | ||||||
Fair value of Common A shares issued as a part of business acquisition | ||||||
- | - | 0 | - | |||
A Plus [Member] | ||||||
Fair value of Common A shares issued as a part of business acquisition | ||||||
- | - | 2,924 | - | |||