Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.1.u1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues:    
Total Revenues $ 44,085,000 $ 62,299,000
Operating Expenses:    
Marketing and Sales 2,651,000 1,834,000
Direct Operating Costs 40,399,000 49,360,000
General and Administrative 35,324,000 45,851,000
Impairment of Property and Equipment 134,000 0
Impairment of Intangible Assets 4,413,000 4,117,000
Impairment of Goodwill 33,534,000 4,857,000
Total Operating Expenses 116,455,000 106,019,000
Loss from Operations (72,370,000) (43,720,000)
Interest Expense (3,126,000) (2,329,000)
Other Income (Expense), net (2,679,000) 1,625,000
Loss Before Income Tax Benefit (Expense) (78,175,000) (44,424,000)
Income Tax Benefit (Expense) 973,000 (105,000)
Net Loss (77,202,000) (44,529,000)
Net (Income) Loss Attributable to Non-Controlling Interests 99,000 (1,066,000)
Net Loss Attributable to Kartoon Studios, Inc. $ (77,103,000) $ (45,595,000)
Net Loss per Share (Basic) (in dollars per share) $ (2.29) $ (1.45)
Net Loss per Share (Diluted) (in dollars per share) $ (2.29) $ (1.45)
Weighted Average Shares Outstanding (Basic) (in shares) 33,672,305 31,388,277
Weighted Average Shares Outstanding (Diluted) (in shares) 33,672,305 31,388,277
Production Services    
Revenues:    
Total Revenues $ 26,799,000 $ 29,620,000
Content Distribution    
Revenues:    
Total Revenues 11,872,000 24,747,000
Licensing & Royalties    
Revenues:    
Total Revenues 475,000 2,841,000
Media Advisory & Advertising Services    
Revenues:    
Total Revenues $ 4,939,000 $ 5,091,000