Bright Mountain Media, Inc.
For the period ended Dec 31, 2025. Filed Mar 24, 2026.
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FY2025 · Filed Mar 24, 2026
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated statements of cash flows for the years ended
| For the Year Ended | ||
|---|---|---|
| December 31, 2025 | December 31, 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(13,455) | $(17,024) |
| Adjustments to reconcile net loss to net cash provided by operations: | ||
| Depreciation expense | 56 | 127 |
| Interest paid-in-kind on Centre Lane Senior Secured Credit Facility - related party | 9,566 | 9,353 |
| Amortization of operating lease right-of-use assets | 77 | 67 |
| Amortization of debt discount | 2,150 | 2,697 |
| Amortization of intangible assets | 1,864 | 1,924 |
| Impairment of goodwill and intangible assets | 786 | - |
| Stock-based compensation | 125 | 254 |
| Common stock issued for services rendered | - | 16 |
| Common stock issued to Centre Lane Partners for debt modification | 120 | - |
| Provision for credit losses | 283 | 15 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (1,537) | (369) |
| Prepaid expenses and other assets | (311) | 198 |
| Operating lease liabilities | (89) | (53) |
| Accounts payable and accrued expenses | 1,991 | 5,176 |
| Other liabilities | (363) | 1,201 |
| Interest payable - Centre Lane Senior Secured Credit Facility - related party | 38 | 21 |
| Interest payable - 10% convertible promissory notes - related party | - | (39) |
| Deferred revenue | (49) | (1,686) |
| Net cash provided by operating activities | 1,252 | 1,878 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (111) | (14) |
| Capitalization of website development costs | - | (96) |
| Net cash used in investing activities | (111) | (110) |
| Cash flows from financing activities: | ||
| Proceeds from stock option exercises | 1 | 1 |
| Principal payments on finance lease obligations | (22) | (18) |
| Proceeds from Centre Lane Senior Secured Credit Facility - related party | - | 1,861 |
| Repayment of principal on Centre Lane Senior Secured Credit Facility - related party | (2,292) | (3,125) |
| Repayment of principal on 10% convertible promissory notes - related party | - | (80) |
| Net cash used in financing activities | (2,313) | (1,361) |
| Effect of foreign exchange rates on cash | (3) | (1) |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (1,175) | 406 |
| Cash, cash equivalents, and restricted cash at the beginning of the period | 4,407 | 4,001 |
| Cash, cash equivalents, and restricted cash at the end of the period | $3,232 | $4,407 |
| Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets: | ||
| Cash and cash equivalents | $1,371 | $2,546 |
| Restricted cash | 1,861 | 1,861 |
| Total cash, cash equivalents, and restricted cash | $3,232 | $4,407 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | 532 | 539 |
| Interest paid-in-kind on Centre Lane Senior Secured Credit Facility - related party | 9,566 | 9,353 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Agency and exit fees to Centre Lane for debt financing | 9 | 470 |
| Annual administration fee to Centre Lane for debt financing | 35 | 35 |
| Common stock issued to Centre Lane Partners for debt financing | - | 175 |
| Common stock issued to Centre Lane Partners for debt modification | 120 | - |
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