Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Total Revenues $ 6,078,000 $ 14,189,000
Operating Expenses:    
Marketing and Sales 444,000 245,000
Direct Operating Costs 4,325,000 11,285,000
General and Administrative 7,603,000 9,225,000
Impairment of Property and Equipment 0 120,000
Impairment of Intangible Assets 0 4,023,000
Impairment of Goodwill 0 11,287,000
Total Operating Expenses 12,372,000 36,185,000
Loss from Operations (6,294,000) (21,996,000)
Interest Expense (203,000) (1,085,000)
Other Expense, net (567,000) (1,712,000)
Loss Before Income Tax Benefit (Expense) (7,064,000) (24,793,000)
Income Tax Benefit 0 934,000
Net Loss (7,064,000) (23,859,000)
Net Loss Attributable to Non-Controlling Interests 19,000 31,000
Net Loss Attributable to Kartoon Studios, Inc. $ (7,045,000) $ (23,828,000)
Net Loss per Share (Basic) (in dollars per share) $ (0.20) $ (0.74)
Net Loss per Share (Diluted) (in dollars per share) $ (0.20) $ (0.74)
Weighted Average Shares Outstanding (Basic) (in shares) 35,297,746 31,978,335
Weighted Average Shares Outstanding (Diluted) (in shares) 35,297,746 31,978,335
Production Services    
Revenues:    
Total Revenues $ 2,763,000 $ 9,886,000
Content Distribution    
Revenues:    
Total Revenues 2,329,000 3,301,000
Licensing & Royalties    
Revenues:    
Total Revenues 100,000 46,000
Media Advisory & Advertising Services    
Revenues:    
Total Revenues $ 886,000 $ 956,000