$BMTM
Bright Mountain Holdings, Inc./FL
CIK:0001568385|SEC Filings
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenue | $ 13,632 | $ 15,408 | $ 27,595 | $ 29,598 |
| Cost of revenue | 11,214 | 12,371 | 20,868 | 22,289 |
| Gross margin | 2,418 | 3,037 | 6,727 | 7,309 |
| General and administrative expenses | 3,603 | 4,021 | 6,169 | 8,545 |
| Gain on sale of intangible assets | (1,094) | (1,094) | ||
| Income (loss) from operations | (91) | (984) | 1,652 | (1,236) |
| Financing and other expense: | ||||
| Other income | 124 | 44 | 186 | 91 |
| Other interest expense | (5) | (6) | (9) | (12) |
| Total financing and other expense, net | (3,110) | (3,097) | (6,153) | (6,076) |
| Net loss before income tax | (3,201) | (4,081) | (4,501) | (7,312) |
| Income tax provision | 0 | 0 | 0 | 0 |
| Net loss | (3,201) | (4,081) | (4,501) | (7,312) |
| Foreign currency translation | 0 | (199) | 0 | (157) |
| Comprehensive loss | $ (3,201) | $ (4,280) | $ (4,501) | $ (7,469) |
| Net loss per common share: | ||||
| Basic (in dollars per share) | $ (0.02) | $ (0.02) | $ (0.02) | $ (0.04) |
| Diluted (in dollars per share) | $ (0.02) | $ (0.02) | $ (0.02) | $ (0.04) |
| Weighted average shares outstanding | ||||
| Basic (in shares) | 183,955,495 | 175,965,052 | 182,502,285 | 175,969,993 |
| Diluted (in shares) | 183,955,495 | 175,965,052 | 182,502,285 | 175,969,993 |
| Centre Lane Senior Secured Credit Facility | ||||
| Financing and other expense: | ||||
| Interest expense, related party | $ (3,229) | $ (3,135) | $ (6,330) | $ (6,155) |
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) |
Jun. 30, 2026 |
Dec. 31, 2025 |
[1] | ||||
|---|---|---|---|---|---|---|---|
| Current assets: | |||||||
| Cash and cash equivalents | $ 1,029,000 | $ 1,371,000 | |||||
| Restricted cash | 0 | 1,861,000 | |||||
| Accounts receivable, net | 14,158,000 | 16,287,000 | |||||
| Prepaid expenses and other current assets | 1,063,000 | 1,170,000 | |||||
| Total current assets | 16,250,000 | 20,689,000 | |||||
| Property and equipment, net | 177,000 | 124,000 | |||||
| Intangible assets, net | 10,642,000 | 11,542,000 | |||||
| Goodwill | 6,999,000 | 6,999,000 | |||||
| Operating lease right-of-use assets, net | 127,000 | 173,000 | |||||
| Other long-term assets | 9,000 | 158,000 | |||||
| Total assets | 34,204,000 | 39,685,000 | |||||
| Current liabilities: | |||||||
| Accounts payable and accrued expenses | 20,291,000 | 24,852,000 | |||||
| Other current liabilities | 2,198,000 | 4,210,000 | |||||
| Deferred revenue | 4,960,000 | 2,834,000 | |||||
| Total current liabilities | 115,250,000 | 116,231,000 | |||||
| Other long-term liabilities | 0 | 12,000 | |||||
| Operating lease liabilities | 35,000 | 77,000 | |||||
| Total liabilities | 115,285,000 | 116,320,000 | |||||
| Stockholders' deficit: | |||||||
| Convertible preferred stock, par value $0.01, 20,000,000 shares authorized, no shares issued or outstanding at June 30, 2026 and December 31, 2025, respectively | 0 | 0 | |||||
| Common stock, par value $0.01, 324,000,000 shares authorized, 189,121,973 and 183,218,504 shares issued, and 186,936,398 and 181,032,929 shares outstanding at June 30, 2026 and December 31, 2025, respectively | 1,891,000 | 1,832,000 | |||||
| Treasury stock at cost, 2,185,575 and 2,185,575 shares at June 30, 2026 and December 31, 2025, respectively | (220,000) | (220,000) | |||||
| Additional paid-in capital | 101,984,000 | 101,988,000 | |||||
| Accumulated deficit | (184,813,000) | (180,312,000) | |||||
| Accumulated other comprehensive income | 77,000 | 77,000 | |||||
| Total stockholders' deficit | (81,081,000) | (76,635,000) | [2] | ||||
| Total liabilities and stockholders' deficit | 34,204,000 | 39,685,000 | |||||
| Centre Lane Senior Secured Credit Facility | |||||||
| Current liabilities: | |||||||
| Interest payable - related party | 0 | 59,000 | |||||
| Note payable - related party | $ 87,801,000 | $ 84,276,000 | |||||
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