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
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 31,255 $ 23,964
Restricted cash 4,863 498
Short-term investment 3,315 0
Accounts receivable, net 66,385 88,219
Inventories, net 24,972 26,695
Prepaid expenses 5,574 6,753
Other current assets 10,513 12,839
TOTAL CURRENT ASSETS 146,877 158,968
Content library 2,825 3,645
Property and equipment, net 116,996 145,295
Right-of-use assets, net 32,797 39,187
Goodwill 137,400 159,607
Intangible assets, net 43,097 55,483
Equity method investments 62,284 78,886
Other non-current assets 25,705 27,509
TOTAL ASSETS 567,981 668,580
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 181,679 178,930
Deferred revenue 8,359 12,317
Current portion of long-term debt and finance leases 810,887 15,678
Current portion of operating lease liabilities 7,265 8,319
Other current liabilities 9,927 7,081
TOTAL CURRENT LIABILITIES 1,018,117 222,325
Deferred revenue, non-current 86 86
Long-term debt and finance leases 16,138 757,384
Long-term operating lease liabilities 20,856 23,636
Deferred tax liabilities 2,496 5,894
Other non-current liabilities 23,146 34,409
TOTAL LIABILITIES 1,080,839 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 June 30, 2020 and December 31, 2019, respectively 0 0
Common stock, $0.0001 par value; 375,000,000 shares authorized, 3,876,801 and 3,837,920 shares issued, 3,754,656 and 3,715,775 shares outstanding, at June 30, 2020 and December 31, 2019, respectively 10 10
Treasury stock, 122,145 shares at June 30, 2020 and December 31, 2019 (30,659) (30,659)
Additional paid-in capital 821,224 818,961
Subscriptions receivable (597) (597)
Accumulated deficit (1,303,146) (1,162,901)
Accumulated other comprehensive income 310 32
TOTAL STOCKHOLDERS’ DEFICIT (512,858) (375,154)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 567,981 $ 668,580