Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash $ 3,887 $ 7,432
Investments in Marketable Securities (amortized cost of $17,706 and $90,321, respectively) 16,152 83,706
Accounts Receivable, net 12,003 15,558
Tax Credits Receivable, net 26,141 26,255
Prepaid Expenses and Other Assets 1,528 2,568
Total Current Assets 61,421 139,525
Noncurrent Assets:    
Property and Equipment, net 1,949 2,400
Operating Lease Right of Use Assets, net 7,383 8,506
Finance Lease Right of Use Assets, net 2,216 2,338
Film and Television Costs, net 1,784 7,780
Investment in Your Family Entertainment AG 17,144 16,247
Intangible Assets, net 23,585 29,167
Goodwill 20,569 31,807
Other Assets 123 148
Total Assets 136,174 237,918
Current Liabilities:    
Accounts Payable 9,606 11,436
Participations Payable 2,025 2,965
Accrued Expenses 897 895
Accrued Salaries and Wages 2,136 2,484
Deferred Revenue 2,683 9,065
Margin Loan 2,228 60,810
Production Facilities 21,092 18,282
Bank Indebtedness 2,311 1,741
Current Portion of Operating Lease Liability 857 802
Current Portion of Finance Lease Liability 1,301 1,623
Warrant Liability 4,406 548
Total Current Liabilities 49,600 110,908
Noncurrent Liabilities:    
Deferred Revenue 3,586 3,369
Operating Lease Liability, Net Current Portion 6,927 8,095
Finance Lease Liability, Net Current Portion 1,119 1,020
Deferred Tax Liability 0 705
Other Noncurrent Liabilities 931 952
Total Liabilities 62,163 125,049
Commitments and Contingencies (Note 19)
Stockholders’ Equity:    
Preferred stock 0 0
Common Stock, $0.001 par value, 40,000,000 shares authorized, 35,094,542 and 31,875,919 shares issued and 35,145,481 and 31,918,552 outstanding as of September 30, 2023 and December 31, 2022, respectively 351 319
Additional Paid-in Capital 773,885 762,418
Treasury Stock at Cost, 50,939 and 42,633 shares of common stock as of September 30, 2023 and December 31, 2022, respectively (314) (290)
Accumulated Deficit (696,911) (641,443)
Accumulated Other Comprehensive Loss (4,707) (9,925)
Total Kartoon Studios, Inc. Stockholders' Equity 72,304 111,079
Non-Controlling Interests in Consolidated Subsidiaries 1,707 1,790
Total Stockholders' Equity 74,011 112,869
Total Liabilities and Stockholders’ Equity 136,174 237,918
Related Party    
Current Assets:    
Other Receivable 1,451 2,844
Current Liabilities:    
Other Current Liabilities 58 2
Nonrelated Party    
Current Assets:    
Other Receivable 259 1,162
Current Liabilities:    
Other Current Liabilities 0 255
0% Series A Convertible Preferred Stock    
Stockholders’ Equity:    
Preferred stock 0 0
Preferred Stock Series B    
Stockholders’ Equity:    
Preferred stock 0 0
Preferred Stock Series C    
Stockholders’ Equity:    
Preferred stock $ 0 $ 0