Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and Cash Equivalents $ 4,839 $ 7,432
Investments in Marketable Securities (amortized cost of $53,113) 49,498 83,706
Accounts Receivable, net 8,328 15,558
Tax Credits Receivable, net 25,093 26,255
Prepaid Expenses and Other Assets 1,946 2,568
Total Current Assets 91,611 139,525
Noncurrent Assets:    
Property and Equipment, net 2,136 2,400
Operating Lease Right of Use Assets, net 8,216 8,506
Finance Lease Right of Use Assets, net 2,533 2,338
Film and Television Costs, net 8,100 7,780
Investment in Your Family Entertainment AG 19,969 16,247
Intangible Assets, net 24,416 29,167
Goodwill 20,852 31,807
Other Assets 150 148
Total Assets 177,983 237,918
Current Liabilities:    
Accounts Payable 6,236 11,436
Participations Payable 2,168 2,965
Accrued Expenses 1,234 895
Accrued Salaries and Wages 2,578 2,484
Deferred Revenue 4,971 9,065
Margin Loan 27,613 60,810
Production Facilities, net 17,793 18,282
Bank Indebtedness 4,755 1,741
Current Portion of Operating Lease Liability 868 802
Current Portion of Finance Lease Liability 1,635 1,623
Warrant Liability 7,202 548
Total Current Liabilities 77,187 110,908
Noncurrent Liabilities:    
Deferred Revenue 3,369 3,369
Operating Lease Liability, Net Current Portion 7,763 8,095
Finance Lease Liability, Net Current Portion 1,223 1,020
Deferred Tax Liability 0 705
Other Noncurrent Liabilities 928 952
Total Liabilities 90,470 125,049
Commitments and Contingencies (Note 19)
Stockholders’ Equity:    
Common Stock, $0.001 par value, 40,000,000 shares authorized, 35,054,573 and 31,918,552 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 351 319
Additional Paid-in Capital 773,377 762,418
Treasury Stock at Cost, 48,498 and 42,633 shares of common stock as of June 30, 2023 and December 31, 2022, respectively (305) (290)
Accumulated Deficit (681,435) (641,443)
Accumulated Other Comprehensive Loss (6,218) (9,925)
Total Kartoon Studios, Inc. Stockholders' Equity 85,770 111,079
Non-Controlling Interests in Consolidated Subsidiaries 1,743 1,790
Total Stockholders' Equity 87,513 112,869
Total Liabilities and Stockholders’ Equity 177,983 237,918
Related Party    
Current Assets:    
Other Receivable 1,487 2,844
Current Liabilities:    
Other Current Liabilities 55 2
Nonrelated Party    
Current Assets:    
Other Receivable 420 1,162
Current Liabilities:    
Other Current Liabilities 79 255
Preferred Stock Series A    
Stockholders’ Equity:    
Preferred stock 0 0
Preferred Stock Series B    
Stockholders’ Equity:    
Preferred stock $ 0 $ 0