Bright Mountain Media Inc
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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FY2024 · Filed Mar 10, 2025
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated balance sheets at
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $2,546 | $4,001 |
| Restricted cash | 1,861 | - |
| Accounts receivable, net | 15,033 | 14,679 |
| Prepaid expenses and other current assets | 859 | 1,057 |
| Total current assets | 20,299 | 19,737 |
| Property and equipment, net | 69 | 199 |
| Intangible assets, net | 13,406 | 15,234 |
| Goodwill | 7,785 | 7,785 |
| Operating lease right-of-use assets | 253 | 306 |
| Other long-term assets | 158 | 156 |
| Total assets | $41,970 | $43,417 |
| Liabilities and Stockholders' Deficit | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $22,667 | $17,497 |
| Other current liabilities | 4,401 | 3,025 |
| Interest payable - 10% convertible promissory notes - related party | - | 39 |
| Interest payable - Centre Lane senior secured credit facility - related party | 21 | - |
| Deferred revenue | 2,883 | 4,569 |
| Note payable - 10% convertible promissory notes, net of discount - related party | - | 80 |
| Note payable - Centre Lane senior secured credit facility - related party (current) | 3,808 | 5,592 |
| Total current liabilities | 33,780 | 30,802 |
| Other long-term liabilities | 169 | 325 |
| Note payable - Centre Lane senior secured credit facility - related party (long-term) | 71,043 | 58,674 |
| Finance lease liabilities | 20 | 42 |
| Operating lease liabilities | 185 | 239 |
| Total liabilities | 105,197 | 90,082 |
| Stockholders' deficit: | ||
| Convertible preferred stock, par value $0.01, 20,000,000 shares authorized, no shares issued or outstanding at December 31, 2024 and December 31, 2023, respectively | - | - |
| Common stock, par value $0.01, 324,000,000 shares authorized, 177,464,827 and 172,103,134 issued, and 176,114,652 and 171,277,959 outstanding at December 31, 2024 and December 31, 2023, respectively | 1,775 | 1,721 |
| Treasury stock at cost, 1,350,175 and 825,175 shares at December 31, 2024 and December 31, 2023, respectively | (220) | (220) |
| Additional paid-in capital | 101,798 | 101,405 |
| Accumulated deficit | (166,857) | (149,833) |
| Accumulated other comprehensive income | 277 | 262 |
| Total stockholders' deficit | $(63,227) | $(46,665) |
| Total liabilities and stockholders' deficit | $41,970 | $43,417 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.