General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Cash Flows

v3.22.4
Condensed Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income $ (1,054,000) $ 420,000 $ (566,000) $ 16,009,000
Less net income from discontinued operations 171,000 171,000 4,264,000
Net income (loss) from continuing operations (1,054,000) 249,000 (737,000) 11,745,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Depreciation and amortization 4,000 4,000 59,000
Non-cash lease expense 20,000 20,000 27,000 23,000
Gain on the sale of fixed assets and investment property (1,735,000)
Share-based compensation 91,000 82,000 122,000 23,000
Cancellation of common stock (15,000) (11,000)
Amortization of debt discount 261,000 376,000 453,000
Gain on debt extinguishment (PPP loan forgiveness) (1,148,000) (910,000) (910,000)
Deferred income taxes (158,000) 1,469,000 1,359,000 418,000
Changes in operating assets and liabilities:        
Deferred course expenses 61,000 875,000 844,000 3,764,000
Prepaid expenses and other receivable (56,000) 481,000 559,000 (446,000)
Inventory 9,000 9,000 34,000
Other assets 1,000 37,000
Accounts payable-trade (363,000) (412,000) 685,000 485,000
Royalties payable (11,000) (11,000) (29,000)
Accrued course expenses (85,000) (10,000) (25,000) (191,000)
Accrued salaries, wages and benefits (10,000) 8,000 129,000 (386,000)
Operating lease liability (20,000) (20,000) (27,000) (20,000)
Other accrued expenses (146,000) (449,000) (1,503,000) 1,823,000
Deferred revenue (604,000) (5,990,000) (5,782,000) (22,460,000)
Net cash used in operating activities - continuing operations (3,210,000) (4,229,000) (4,819,000) (6,867,000)
Net cash (used in) provided by operating activities - discontinued operations (41,000) (13,000) (98,000)
Net cash used in operating activities (3,210,000) (4,270,000) (4,832,000) (6,965,000)
CASH FLOWS FROM INVESTING ACTIVITIES        
Proceeds from the sale of investment property 391,000
Proceeds from sale property and equipment 2,500,000
Net cash provided by investing activities - continuing operations 2,891,000
Net cash used in investing activities - discontinued operations
Net cash provided by investing activities 2,891,000
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from debt 1,063,000 (8,000)    
Principal payments on debt     (11,000) (1,500,000)
Proceeds from issuance of debt     2,900,000
Proceeds from borrowing Paycheck Protection Program loan 1,900,000 1,900,000
Proceeds from paycheck protection program    
Proceeds from debentures including related parties 900,000 700,000
Proceeds from debentures     500,000
Issuance of common stock for stock option purchase 13,000
Net cash provided by financing activities - continuing operations 1,063,000 2,792,000 3,102,000 1,400,000
Net cash provided by financing activities - discontinued operations
Net cash provided by financing activities 1,063,000 2,792,000 3,102,000 1,400,000
Effect of exchange rate differences on cash 1,346,000 98,000 (860,000)
Net decrease in cash and cash equivalents and restricted cash (801,000) (1,380,000) (1,730,000) (3,534,000)
Supplemental disclosures:        
Cash paid during the period for interest     3,000 214,000
Cash received during the period for income taxes, net of tax payments     (52,000)
Supplemental disclosure of non-cash activity:        
Supplemental non-cash amounts of lease liabilities arising from obtaining right-of-use assets/(decrease) of lease liability due to cancellation of leases     (1,000) 13,000
Non-cash disposal of property     (363,000)
Common stock and warrants issued from conversion of senior convertible debenture - related party     355,000
Initial recognition of beneficial conversion feature for senior secured convertible debt - related party     896,000
Note payable issued for insurance policy financing     26,000
Cash and cash equivalents and restricted cash, beginning of period, including cash in discontinued operations 950,000 2,694,000 2,694,000  
Cash and cash equivalents and restricted cash, end of period $ 149,000 $ 1,314,000 $ 950,000 $ 2,694,000