Company: CMCT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0000908311-25-000096
Chunk: 43

Company: Creative Media & Community Trust Corp
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 43
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 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) Nine Months EndedSeptember 30, 20252024CASH FLOWS FROM OPERATING ACTIVITIES:  Net loss$(28,009)$(15,333)Adjustments to reconcile net loss to net cash provided by operating activities:  Depreciation and amortization, net20,279 19,624 Gain on sale of real estate(679)— Impairment of real estate221 — Loss on early extinguishment of debt88 — Amortization of deferred debt origination costs2,179 1,639 Amortization of premiums and discounts on debt78 (1)Unrealized premium adjustment on loans receivable343 549 Amortization of deferred costs and accretion of fees on loans receivable, net(230)(105)Write-offs of uncollectible receivables978 782 Write-off of other deferred costs— 491 Loss on interest rate caps142 425 Deferred income taxes(149)(27)Stock-based compensation165 165 Loss from unconsolidated entities2,285 442 Loans funded, held for sale to secondary market(10,707)(13,017)Proceeds from sale of guaranteed loans11,427 15,257 Principal collected on loans subject to secured borrowings38 1,198 Commitment fees remitted and other operating activity(251)(461)Changes in operating assets and liabilities:  Accounts receivable572 553 Other assets236 2,536 Accounts payable and accrued expenses3,569 (766)Deferred leasing costs(2,630)(1,095)Other liabilities(2,017)(2,377)Due to related parties4,543 5,401 Net cash provided by operating activities2,471 15,880 CASH FLOWS FROM INVESTING ACTIVITIES:  Capital expenditures(15,667)(12,778)Receipt of deferred key money2,290 — Proceeds from sale of real estate, net1,161 1,096 Investment in unconsolidated entity(1,209)(1,463)Distributions from unconsolidated entity— 330 Loans funded(3,569)(