Company: CMCT
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000908311-25-000038
Chunk: 30

Company: Creative Media & Community Trust Corp
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 30
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 853,879 21,246 (2,180)— 19,066 — 19,066 Redemption of Series A1 Preferred Stock paid in cash— — (24,046)(595)52 (24)(567)— (567)Dividends to holders of Series A1 Preferred Stock ($0.48938 per share)— — — — — (5,251)(5,251)— (5,251)Dividends to holders of Series D Preferred Stock ($0.35313 per share)— — — — — (17)(17)— (17)Redemption of Series A Preferred Stock paid in cash— — (389,506)(9,698)831 (776)(9,643)— (9,643)Dividends to holders of Series A Preferred Stock ($0.34375 per share)— — — — — (2,491)(2,491)— (2,491)Net loss— — — — — (3,730)(3,730)(175)(3,905)Balances, March 31, 202491,146 $23 18,298,956 $454,782 $851,234 $(936,151)$369,888 $2,191 $372,079 

The accompanying notes are an integral part of these consolidated financial statements.

3

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(In thousands) (Unaudited) Three Months EndedMarch 31, 20252024CASH FLOWS FROM OPERATING ACTIVITIES:  Net loss$(6,272)$(3,905)Adjustments to reconcile net loss to net cash provided by operating activities:  Depreciation and amortization, net6,634 6,567 Amortization of deferred debt origination costs735 624 Amortization of premiums and discounts on debt26 (14)Unrealized premium adjustment on loans receivable165 196 Amortization of deferred costs and accretion of fees on loans receivable, net(160)(8)Write-offs of uncollectible receivables168 411 Loss (gain) on interest rate caps78 (55)Deferred income taxes(24)13 Stock