Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net Loss $ (17,056,000) $ (69,238,000)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Depreciation and amortization 3,929,000 4,055,000
Stock-based compensation 2,175,000 3,284,000
Change in fair value of warrant liability (2,552,000) (0)
Change in fair value of contingent consideration (527,000) 0
Change in fair value of convertible notes (0) (285,000)
Amortization of convertible notes discount 40,000 120,000
Impairment of goodwill 0 42,000,000
Write off of intangible asset 0 423,000
Loss on intangible asset disposal 2,284,000 0
Changes in assets and liabilities:    
Accounts receivable (1,661,000) 1,128,000
Prepaid expense and other current assets (194,000) (34,000)
Accounts payable and accrued expense 1,542,000 1,998,000
Accrued contingent consideration 1,802,000 (0)
Contract liabilities 225,000 (42,000)
Deferred taxes (313,000) (46,000)
Accrued interest on note payable (180,000) 31,000
Net cash used in operating activities (14,090,000) (16,036,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of Melon Acquisition (150,000) 0
Purchase of property and equipment (8,000) (149,000)
Purchase of third-party game properties 0 (500,000)
Capitalization of software development costs (483,000) (766,000)
Acquisition of other intangible assets (17,000) (99,000)
Net cash used in investing activities (658,000) (1,514,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance convertible notes, net 0 4,000,000
Payments on convertible notes (539,000) (160,000)
Net cash provided by financing activities 13,406,000 4,160,000
INCREASE/(DECREASE) IN CASH (1,342,000) (13,390,000)
Cash and Cash Equivalents - beginning of period 2,482,000 14,533,000
Cash and Cash Equivalents - end of period 1,140,000 1,143,000
Melon Acquisition [Member]    
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Change in fair value of contingent consideration (668,000) 0
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 141,000 0
Noncash Investing and Financing Items [Abstract]    
Issuance of common stock in connection with Acquisition 548,000 0
Bannerfy Acquisition [Member]    
Noncash Investing and Financing Items [Abstract]    
Issuance of common stock in connection with Acquisition   220,000
Preferred Stock [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of preferred stock, net of issuance costs (Note 6) 12,060,000 0
Common Stock [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock, net of issuance costs $ 1,885,000 $ 320,000