XML 31 R6.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows used in operating activities:    
Net loss $ (9,375) $ (18,522)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 36 25
Stock-based compensation 1,183 419
Amortization of right-to-use asset 102 70
Transaction costs - shares to Financial Advisor 0 5,765
Loss on sale of NTN assets 0 9,598
Loss on disposal of fixed assets 371 0
Gain on lease termination (85) 0
Warrant liabilities expense 1,322 0
Loss on non-controlling investment 615 0
Changes in operating assets and liabilities:    
Other receivable (146) 4
Prepaid expenses and other current assets 298 42
Security deposits and other non-current assets 66 (1)
Accounts payable and accrued expenses 486 (766)
Operating lease liability (103) (64)
Other liabilities (202) 0
Net cash used in operating activities (5,432) (3,430)
Cash flows used in investing activities:    
Purchase of property and equipment (46) 0
Purchase of NTN, net of cash acquired 0 148
Proceeds from the sale of NTN assets, net of cash disposed 0 119
Net cash (used in) provided by investing activities (46) 267
Cash flows provided by financing activities:    
Proceeds from issuance of common stock and warrants in connection with private offering 11,993 0
Proceeds from sale of members' equity 0 10,475
Repayment of NTN's PPP loan 0 (532)
Net cash provided by financing activities 11,993 9,943
Net increase in cash and cash equivalents 6,515 6,780
Cash and cash equivalents at beginning of period 16,985 1,630
Cash and cash equivalents at end of period 23,500 8,410
Cash paid during the period for:    
Interest 1 0
Supplemental disclosure of non-cash investing and financing activities:    
Issuance of common stock for business combination 0 8,178
Series A preferred stock retained in business combination $ 0 $ 1