Company: CMCT
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000908311-25-000038
Chunk: 31

Company: Creative Media & Community Trust Corp
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 31
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-based compensation55 55 Loss from unconsolidated entities1,151 326 Loans funded, held for sale to secondary market(3,117)(5,799)Proceeds from sale of guaranteed loans4,588 5,471 Principal collected on loans subject to secured borrowings12 560 Commitment fees remitted and other operating activity(104)(160)Changes in operating assets and liabilities:  Accounts receivable372 (1,130)Other assets(3,553)(793)Accounts payable and accrued expenses(1,636)(986)Deferred leasing costs(949)(285)Other liabilities(1,091)658 Due to related parties4,130 (130)Net cash provided by operating activities1,208 1,616 CASH FLOWS FROM INVESTING ACTIVITIES:  Capital expenditures(6,316)(1,690)Proceeds from sale of real estate, net— 1,096 Investment in unconsolidated entity(815)(530)Loans funded(1,200)(1,934)Principal collected on loans3,174 2,665 Net cash used in investing activities(5,157)(393)CASH FLOWS FROM FINANCING ACTIVITIES:  Payment of revolving credit facilities, mortgages payable, term notes and principal on SBA 7(a) loan-backed notes(2,594)(3,615)Proceeds from revolving credit facilities, term notes and mortgages9,013 5,000 Payment of principal on secured borrowings(12)(560)Payment of deferred preferred stock offering costs— (372)Payment of deferred debt origination costs(228)— Payment of common dividends— (1,937)Net proceeds from issuance of Preferred Stock(8)19,549 Payment of Preferred Stock dividends(5,965)(7,651)Redemption of Preferred Stock— (10,223)Net cash provided by financing activities206 191 (Continued)

4

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES

Consolidated Statements of Cash Flows (Continued)

(In thousands) (Unaudited)

 Three Months EndedMarch 31, 20252024NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH(3,743)1,414 CASH AND CASH EQUIVALENTS