Company: CMCT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0000908311-25-000067
Chunk: 39

Company: Creative Media & Community Trust Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 39
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 per share)— — — — — (5,491)(5,491)— (5,491)Redeemable preferred stock accretion— — — — — (428)(428)— (428)Dividends to holders of Series D Preferred Stock ($0.35313 per share)— — — — — (17)(17)— (17)Redemption of Series A Preferred Stock paid in cash— — (287,474)(7,162)621 (558)(7,099)— (7,099)Dividends to holders of Series A Preferred Stock ($0.34375 per share)— — — — — (2,368)(2,368)— (2,368)Net loss— — — — — (796)(796)(56)(852)Balances, June 30, 202491,146 $23 17,979,480 $446,829 $851,979 $(947,762)$351,069 $2,092 $353,161 

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

4

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(In thousands) (Unaudited) Six Months EndedJune 30, 20252024CASH FLOWS FROM OPERATING ACTIVITIES:  Net loss$(15,423)$(4,757)Adjustments to reconcile net loss to net cash (used in) provided by operating activities:  Depreciation and amortization, net12,927 13,111 Impairment of real estate221 — Loss on early extinguishment of debt88 — Amortization of deferred debt origination costs1,466 1,133 Amortization of premiums and discounts on debt52 10 Unrealized premium adjustment on loans receivable201 312 Amortization of deferred costs and accretion of fees on loans receivable, net(235)(92)Write-offs of uncollectible receivables687 314 Loss on interest rate caps99 18 Deferred income taxes(117)31 Stock-based compensation110 110 Loss (income) from unconsolidated entities1,588 (797)Loans funded, held