Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net Loss $ (14,072,000) $ (16,636,000)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Depreciation and amortization 2,679,000 2,701,000
Stock-based compensation 1,532,000 2,099,000
Change in fair value of warrant liability (1,040,000) (0)
Change in fair value of contingent consideration 286,000 0
Change in fair value of convertible notes 0 (49,000)
Amortization of convertible notes discount 40,000 39,000
Loss on intangible asset disposal 2,284,000 0
Increase (Decrease) in Operating Capital [Abstract]    
Accounts receivable 944,000 1,685,000
Prepaid expense and other current assets 174,000 49,000
Accounts payable and accrued expense (1,131,000) (74,000)
Accrued contingent consideration (Note 4) 2,153,000 (0)
Contract liabilities 158,000 (47,000)
Deferred taxes (313,000) (46,000)
Accrued interest on note payable (180,000) 32,000
Net cash used in operating activities (10,792,000) (10,247,000)
Net Cash Provided by (Used in) Investing Activities [Abstract]    
Acquisition of Melon Acquisition 150,000 (0)
Purchase of property and equipment (8,000) (153,000)
Purchase of third-party game properties (0) 500,000
Capitalization of software development costs (483,000) (497,000)
Acquisition of other intangible assets (11,000) (71,000)
Net cash used in investing activities (652,000) (1,221,000)
Net Cash Provided by (Used in) Financing Activities [Abstract]    
Proceeds from issuance of preferred stock, net of issuance costs (Note 6) 12,070,000 0
Proceeds from issuance of common stock, net of issuance costs 0 8,000
Proceeds from convertible notes, net 0 4,000,000
Payments on convertible notes (539,000) (4,000)
Net cash provided by financing activities 11,531,000 4,004,000
INCREASE/(DECREASE) IN CASH 87,000 (7,464,000)
Cash and Cash Equivalents - beginning of period 2,482,000 14,533,000
Cash and Cash Equivalents - end of period 2,569,000 7,069,000
Melon Acquisition [Member]    
Noncash Investing and Financing Items [Abstract]    
Issuance of common stock in connection with Acquisition 722,000 0
Superbiz Acquisition [Member]    
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Change in fair value of contingent consideration 204,000 0
Noncash Investing and Financing Items [Abstract]    
Issuance of common stock in connection with Acquisition $ 548,000 $ 0