Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 54,193 $ 23,964
Restricted cash 703 498
Accounts receivable, net 82,796 88,219
Inventories, net 25,343 26,695
Prepaid expenses 4,698 6,753
Other current assets 12,121 12,839
TOTAL CURRENT ASSETS 179,854 158,968
Content library 4,437 3,645
Property and equipment, net 132,769 145,295
Right-of-use assets, net 35,614 39,187
Goodwill 137,359 159,607
Intangible assets, net 49,275 55,483
Equity method investments 64,300 78,886
Other non-current assets 26,868 27,509
TOTAL ASSETS 630,476 668,580
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 188,513 178,930
Deferred revenue 9,535 12,317
Current portion of long-term debt and finance leases 804,575 15,678
Current portion of operating lease liabilities 7,169 8,319
Other current liabilities 10,090 7,081
TOTAL CURRENT LIABILITIES 1,019,882 222,325
Deferred revenue, non-current 86 86
Long-term debt and finance leases 16,805 757,384
Long-term operating lease liabilities 21,739 23,636
Deferred tax liabilities 4,019 5,894
Other non-current liabilities 23,796 34,409
TOTAL LIABILITIES 1,086,327 1,043,734
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, no shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 0 0
Common stock, $0.0001 par value; 375,000,000 shares authorized, 3,989,188 and 3,837,920 shares issued, 3,867,043 and 3,715,775 shares outstanding, at March 31, 2020 and December 31, 2019, respectively 10 10
Treasury stock, 122,145 shares at March 31, 2020 and December 31, 2019 (30,659) (30,659)
Additional paid-in capital 820,239 818,961
Subscriptions receivable (597) (597)
Accumulated deficit (1,245,113) (1,162,901)
Accumulated other comprehensive loss 269 32
TOTAL STOCKHOLDERS’ DEFICIT (455,851) (375,154)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 630,476 $ 668,580