FG Communities Holdings Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
FGNXP$25.99+4.4%Stored close · as of Sep 25, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
($ in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss from continuing operations | $(22,859) | $(12,307) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Net unrealized holding loss on equity holdings | 5,039 | 6,176 |
| Loss from equity method holdings | 10,713 | 3,261 |
| Adjustment to gain acquisition of ICS assets | 69 | - |
| Net realized gain on sale of equity holdings | (306) | (1) |
| Provision for doubtful accounts | 68 | 7 |
| Provision for (benefit from) obsolete inventory | 1 | (34) |
| Provision for warranty | - | 2 |
| Depreciation and amortization | 829 | 841 |
| Amortization and accretion of operating leases | 262 | 138 |
| Impairment of property and equipment | 1,422 | - |
| Gain on merger of FGF and FGH (Note 4) | (2,321) | - |
| Deferred income taxes | (469) | (933) |
| Stock compensation expense | 1,619 | 1,605 |
| Changes in operating assets and liabilities: | ||
| Other assets | 1,109 | 378 |
| Accounts receivable | 178 | 1,831 |
| Inventories | (19) | 393 |
| Current income taxes | (46) | 345 |
| Accounts payable and accrued expenses | 952 | 817 |
| Deferred revenue and customer deposits | (66) | (789) |
| Operating lease obligations | (224) | (151) |
| Net cash (used in) provided by operating activities from continuing operations | (4,049) | 1,579 |
| Net cash used in operating activities from discontinued operations | (665) | (1,423) |
| Net cash (used in) provided by operating activities | (4,714) | 156 |
| Cash flows from investing activities: | ||
| Capital expenditures | (46) | (164) |
| Proceeds from sales of equity securities | 5,021 | 198 |
| Proceeds from sales of property and equipment | 6,161 | - |
| Collection of note receivable | 203 | - |
| Cash acquired in acquisition of ICS | - | 58 |
| Cash acquired in Merger of FGF and FGH | 1,903 | - |
| Net cash provided by investing activities from continuing operations | 13,242 | 92 |
| Net cash used in investing activities from discontinued operations | (94) | (787) |
| Net cash provided by (used in) investing activities | 13,148 | (695) |
| Cash flows from financing activities: | ||
| Payment of dividends on preferred shares | (1,411) | - |
| Principal payments on short-term debt | (603) | (653) |
| Payment payments on long-term debt | (5,192) | (224) |
| Net borrowing under credit facility | 97 | - |
| Proceeds from Strong Global Entertainment initial public offering | - | 2,411 |
| Payments of withholding taxes for net share settlement of equity awards | (21) | (135) |
| Payments on finance lease obligations | (253) | (159) |
| Net cash (used in) provided by financing activities from continuing operations | (7,383) | 1,240 |
| Net cash provided by financing activities from discontinued operations | 525 | 2,143 |
| Net cash (used in) provided by financing activities | (6,858) | 3,383 |
| Effect of exchange rate changes on cash and cash equivalents from continuing operations | (11) | 21 |
| Effect of exchange rate changes on cash and cash equivalents from discontinued operations | (36) | 95 |
| Net increase in cash and cash equivalents from continuing operations | 1,799 | 2,932 |
| Net (decrease) increase in cash and cash equivalents from discontinued operations | (270) | 28 |
| Net increase in cash and cash equivalents | 1,529 | 2,960 |
| Cash and cash equivalents from continuing operations at beginning of year | 5,995 | 3,063 |
| Cash and cash equivalents from continuing operations at end of year | $7,794 | $5,995 |
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