iPic Entertainment Inc.

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Cash used in operating activities	$ (1,341)	$ (10,626)
Cash flows from investing activities:
Purchases of property and equipment	(7,218)	(3,570)
Net cash used in investing activities	(7,218)	(3,570)
Cash flows from financing activities:
Members' contributions		2,500
Proceeds from issuance of common stock sold in initial public offering, net of offering costs		12,325
Repayment of notes payable to related parties		(15,000)
Repayment of short-term borrowings	(434)	(755)
Borrowings on long-term debt - related party	6,529	18,000
Net cash provided by financing activities	6,095	17,070
Net (decrease) increase in cash and cash equivalents	(2,464)	2,874
Cash and cash equivalents at the beginning of period	6,026	10,505
Cash and cash equivalents at the end of period	3,562	13,379
Supplemental disclosures of cash flow information:
Cash paid for interest, net of amounts capitalized		9,561
Cash paid for income taxes	13	22
Supplemental disclosures of non-cash activity:
Property and equipment financed through liabilities	1,249	183
Insurance premiums financed through short term borrowings	434	755
Interest payment-in-kind	8,777
Conversion of notes payable to related parties to equity		$ 37,157

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 3,562	$ 6,026
Accounts receivable	3,266	3,874
Inventories	1,233	1,218
Prepaid expenses	4,016	3,808
Total current assets	12,077	14,926
Property and equipment, net	144,562	143,539
Deposits	330	259
Total assets	156,969	158,724
Liabilities and Stockholders' / Members' Deficit
Accounts payable	10,323	12,629
Accrued expenses	5,706	5,039
Accrued payroll	3,189	4,048
Accrued insurance	1,178	1,392
Taxes payable	1,585	958
Deferred revenue	5,122	5,541
Total current liabilities	27,103	29,607
Long-term debt - related party	203,567	188,261
Deferred rent	53,355	49,354
Accrued interest - long-term	5,590	9,398
Other long-term liabilities	1,245	1,325
Total liabilities	290,860	277,945
Commitments and Contingencies (Note 6)
Members' deficit
Additional paid-in capital	(121,822)	(121,988)
Accumulated deficit	(28,062)	(18,757)
Total stockholders' / members' deficit attributable to IPIC Entertainment Inc.	(149,883)	(140,744)
Non-controlling interests	15,992	21,523
Total stockholders' / members' deficit	(133,891)	(119,221)
Total Liabilities and Stockholders' / Members' Deficit	156,969	158,724
Common Stock
Liabilities and Stockholders' / Members' Deficit
Common stock value	1	1
Class B Common Stock
Liabilities and Stockholders' / Members' Deficit
Common stock value