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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:    
Net income (loss) $ (63,600) $ 23,100
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 800 100
Goodwill impairment 42,300
Stock-based compensation 200
Unrealized gain on Arrive investment (12,100)
Unrealized gain on SportBLX investment (3,000)
Loss on sale of investments 1,900
Defined benefit plan adjustment 8,500
Gain on sale of assets and businesses (10,400)
Changes in operating assets and liabilities:    
Accounts receivable (200) (100)
Prepaid expenses 300 (1,600)
Other current assets 600
Other assets 1,200 800
Accounts payable (400) (5,600)
Other current liabilities (2,700)
Other liabilities 1,100
Net cash used in operating activities (7,500) (11,300)
Cash Flows from Investing Activities:    
Purchase of property and equipment (1,700)
Purchase of SportBLX (3,700)
Purchase of investments (1,100) (1,300)
Proceeds from sale of investments 200
Proceeds from fund distribution 2,000 1,300
Disbursement related to disposal group (1,800) (800)
Proceeds from sale of assets and businesses 1,200
Net cash used in investing activities (2,400) (3,300)
Cash Flows from Financing Activities:    
Proceeds from Orix notes payable 16,000 10,200
Repayment of Orix note payable (16,000)
Proceeds from ESW note payable 5,400
Proceeds from Bank Loan 400
Proceeds from other related parties notes payable 400
Proceeds from sale of equity interest in Adara Enterprises Corp 4,600
Net cash provided by financing activities 6,200 14,800
Net change in cash and cash equivalents (3,700) 200
Cash, cash equivalents and restricted cash - beginning of year 5,500 5,300
Cash, cash equivalents and restricted cash - end of year (a) 1,800 5,500
Supplemental disclosures of cash paid during the period:    
Income taxes (net of refunds received) (600) (1,100)
Interest expense 300
Non-cash investing and financing activities during the period: ESW note payable issued for the following:    
Acquisition of Orix PTP Holdings, LLC's 201 shares of AEC common stock 4,600
Payment of accrued interest to Orix PTP Holdings, LLC 800
Payment of deferred financing costs 200
Total non-cash related to ESW note payable 5,600
Disposition of AAM to a related party including Orix notes payable 10,500
Notes payable issued for purchase of SportBLX 17,600
Recognition of non-controlling interest - SportBLX 23,700
Recognition of non-controlling interest - Adara Enterprises Corp 1,000
Total non-cash investing and financing activities during the period 16,100 42,300
Current assets:    
Cash and cash equivalents 1,300 5,500
Restricted cash in other current assets 500
Total cash, cash equivalents and restricted cash $ 1,800 $ 5,500