Company: CMCT
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0000908311-25-000017
Chunk: 202

Company: Creative Media & Community Trust Corp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 8
Chunk 202
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 31,20242023CASH FLOWS FROM OPERATING ACTIVITIES:Net loss$(25,750)$(51,456)Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation and amortization, net27,732 52,669 Gain on interest rate caps(463)(539)Gain on sale of real estate— (1,104)Loss on early extinguishment of debt1,416 — Amortization of deferred debt origination costs2,134 2,286 Amortization of premiums and discounts on debt24 (59)Unrealized premium adjustment1,019 1,215 Amortization of deferred costs and accretion of fees on loans receivable, net(249)(404)Write-offs of uncollectible receivables1,263 299 Write-offs of other deferred costs491 — Deferred income taxes(36)42 Stock-based compensation220 183 Loss from unconsolidated entities806 427 Return on investment from unconsolidated entities— 1,328 Loans funded, held for sale to secondary market(30,191)(33,654)Proceeds from sale of guaranteed loans28,760 33,672 Principal collected on loans subject to secured borrowings1,646 2,972 Commitment fees remitted and other operating activity(806)(742)Changes in operating assets and liabilities:Accounts receivable91 (1,991)Other assets4,670 2,062 Accounts payable and accrued expenses(2,023)10,407 Deferred leasing costs(1,840)(1,049)Other liabilities(2,493)(4,875)Due to related parties10,605 308 Net cash provided by operating activities17,026 11,997 CASH FLOWS FROM INVESTING ACTIVITIES:Capital expenditures(23,262)(13,326)Acquisition of real estate— (96,731)Proceeds from sale of real estate, net1,096 33,304 Investment in unconsolidated entity(2,263)(14,279)Return of investment from unconsolidated entity1,285 — Loans funded(10,064)(11,534)Principal collected on loans10,838 13,871 Other investing activity82 — Net cash used in investing activities(22,288)(88,695