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

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 (i) estimates of future cash flows, revenue growth, operating profit margin mature market share, terminal growth rate used to evaluate and recognize impairments; (ii) useful lives of radio broadcasting licenses and TV One Trade Name (iii) estimates of fair value of the Employment Agreement Award (as defined in Note 5 - Fair Value Measurements) and the redeemable non-controlling interest in Reach Media; and (iv) deferred taxes and related valuation allowance, including uncertain tax positions.These estimates and assumptions may affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements. The Company bases these estimates on historical experience, the current economic environment or various 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$132,372