Company: UONE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001041657-25-000042
Chunk: 96

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 96
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 other assumptions that are believed to be reasonable under the circumstances. However, economic uncertainty, changes in consumer behavior, and any disruption in financial markets increase the possibility that actual results may differ from these estimates. Estimates and assumptions are reviewed periodically, and the effects are reflected prospectively in the period they occur.Supplemental Financial Information The following table presents the components of Other Current Liabilities and Other Long-term Liabilities:June 30,2025December 31,2024(In thousands)Other current liabilitiesCustomer advances and unearned income$3,101$2,200Unearned event income1,4681,152Professional fee accrual9923,781Operating expense accruals2,8282,512Employment Agreement Award (as defined in Note 5)4,5183,044Deferred barter revenue1,4141,688Other4,0176,009Total other current liabilities$18,338$20,386Other long-term liabilitiesEmployment Agreement Award (as defined in Note 5)$7,220$7,382Reserve for uncertain tax position1,8291,829Other1,9623,577Total long-term liabilities$11,011$12,788

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Supplemental 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:Six Months EndedJune 30,20252024(In thousands)Cash and cash equivalents$85,732$131,890Restricted cash485482Total cash, cash equivalents, and restricted cash shown in the Unaudited Condensed Consolidated Statements of Cash Flows$86,217$132,372Recently Issued Accounting Pronouncements Not Yet AdoptedIn December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”, which enhances the disclosure requirements for income tax reconciliation, domestic and foreign taxes paid, and unrecognized tax benefits. The amendments of ASU No. 2023-09 are effective for annual periods beginning after December 15, 2024. Early adoption is permitted and should be applied prospectively. The Company is in the process of evaluating the impact of this new guidance on the disclosures within its consolidated financial statements.In November 2024, the FASB issued ASU