General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From Operating Activities        
Net loss $ (8,776,469) $ (3,854,152) $ (16,738,729) $ (31,019,725)
Adjustments to reconcile net loss to net cash used in operating activities:        
Stock-based compensation 4,003,835 277,045 (766,417)
Amortization of debt discount 64,192 101,012
Bad debt expense (recovery)     (79,414)
Depreciation and amortization 1,824,465 1,686,182 6,767,741 6,711,398
Subsidiary loss during consolidation period     1,838,739
Impairment of investment in ESA 600,000 600,000 9,683,158
Impairment of deferred production costs     330,340 768,459
Impairment of intangibles     236,833
Write-off of capitalized software costs     648,563
Deferred rent 130,087 (87,130) 189,972 294,440
Accrued interest on notes payable to Former Parent     1,843,659
Changes in operating assets and liabilities:        
Accounts receivable 52,413 (426,506) (685,977) (902,614)
Deposits     (79,500) 19,397
Deferred production costs (546,347) (863,892) (2,233,978) (4,808,424)
Prepaid expenses and other current assets 287,008 3,059 124,106 (336,555)
Accounts payable 113,428 515,182 (982,153) (861,632)
Accrued expenses and other current liabilities 38,475 (48,121) 622,715 551,593
Accrued interest on convertible debt 618,748 1,096,117
Deferred revenue (908,068) (390,077) 547,616 1,566,989
Total Adjustments 5,678,236 988,697 6,675,056 16,408,172
Net Cash Used In Operating Activities (3,098,233) (2,865,455) (10,063,673) (14,611,553)
Cash Flows From Investing Activities        
Return of Simon investment (3,650,000)    
Net cash acquired in Merger     14,941,683
Investment in TV Azteca (1,500,000) (3,500,000)
Lease incentive reimbursements 756,846    
Purchases of property and equipment (225,567) (452,550) (2,214,026) (17,144,397)
Proceeds from licensing software     341,193
Investment in ESA (1,238,631) (1,140,745) (6,230,038)
Purchases of intangible assets (21,985) (69,161) (50,096) (38,559)
Net Cash Used In Investing Activities (4,640,706) (1,760,342) 8,036,816 (23,071,801)
Cash Flows From Financing Activities        
Repayments to Former Parent (136,574)    
Proceeds from sale of common stock 5,000,000    
Proceeds from convertible debt     3,000,000
Proceeds from convertible debt, related party     1,000,000
Proceeds from notes payable to Former Parent     11,383,207
Due to Former Parent     (346,804) 22,912,205
Net Cash Provided By (Used In) Financing Activities 5,000,000 (136,574) 3,653,196 34,295,412
Effect of Exchange Rate Changes on Cash (3,861) (7,062) 249,100
Net Decrease In Cash And Restricted Cash (2,738,939) (4,766,232) 1,619,277 (3,138,842)
Cash and restricted cash - Beginning of period 12,090,573 10,471,296 10,471,296 13,610,138
Cash and restricted cash - End of period 9,351,634 5,705,064 12,090,573 10,471,296
Supplemental Disclosures of Cash Flow Information:        
Cash paid during the period for interest $ 55,178 55,178
Non-cash investing and financing activities:        
Non-cash investment in ESA     97,886 5,363,706
Due to Former Parent satisfied by issuance of common stock in connection with Merger     18,179,745
Convertible debt and related interest assumed in Merger     10,992,877
Warrants granted to convertible debt holders in connection with Merger     114,804
Contingent consideration for convertible debt holders in connection with Merger     152,590
Effect of restructuring     42,505,325
Leasehold improvements acquired through lease incentives     899,221
Property and equipment acquired through accrued expenses     $ 269,110