Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 139

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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Supplemental Financial Information The following table presents the components of Other Current Liabilities and Other Long-term Liabilities:September 30,2025December 31,2024(In thousands)Other current liabilitiesCustomer advances and unearned income$2,798$2,200Unearned event income6,9371,152Professional fee accrual1,1643,781Operating expense accruals5,1392,512Employment Agreement Award (as defined in Note 5)2,7103,044Other4,6627,697Total other current liabilities$23,410$20,386Other long-term liabilitiesEmployment Agreement Award (as defined in Note 5)$6,592$7,382Reserve for uncertain tax position1,8291,829Other1,2303,577Total long-term liabilities$9,651$12,788Supplemental Cash Flow InformationThe following table provides a reconciliation of cash, cash equivalents and restricted cash as reported within the unaudited condensed consolidated balance sheets to “Cash, cash equivalents and restricted cash, end of period” as reported within the unaudited condensed consolidated statements of cash flows:Nine Months EndedSeptember 30,20252024(In thousands)Cash and cash equivalents$79,325$115,006Restricted cash485483Total cash, cash equivalents, and restricted cash shown in the unaudited condensed consolidated statements of cash flows$79,810$115,489Allowance for Expected Credit LossThe Company maintains allowances for expected credit losses resulting from the expected failure or inability of our customers to make required payments. The Company recognizes the allowance for expected credit losses at inception and reassess quarterly based on management’s expectation of the asset’s collectability. Management estimates credit losses on our trade accounts receivable, utilizing a current expected credit loss impairment model. The Company estimates the expected credit losses measured over the contractual life of an asset considering relevant historical loss information, credit quality of the customer base, current economic conditions, and forecasts of future economic conditions. Large individual receivables for which there is an indication of increased credit risk are individually assessed for loss allowances.

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In determining the allowance for expected credit losses, management groups similar types of financial assets with consistent risk characteristics. Pools are determined generally based on the Company's four reportable segments, with sub-segmentation between local and national advertising customers in the Radio Broadcasting and Digital segments. The risk characteristics of the financial asset portfolios are monitored by management and reviewed periodically. The forecasts for future