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 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total Revenues $ 8,384,000 $ 11,038,000 $ 14,462,000 $ 25,227,000
Operating Expenses:        
Marketing and Sales 292,000 1,690,000 736,000 1,935,000
Direct Operating Costs 5,845,000 9,541,000 10,170,000 20,826,000
General and Administrative 6,908,000 8,370,000 14,511,000 17,595,000
Impairment of Property and Equipment 0 0 0 120,000
Impairment of Intangible Assets 0 0 0 4,023,000
Impairment of Goodwill 0 0 0 11,287,000
Total Operating Expenses 13,045,000 19,601,000 25,417,000 55,786,000
Loss from Operations (4,661,000) (8,563,000) (10,955,000) (30,559,000)
Interest Expense (246,000) (1,020,000) (449,000) (2,105,000)
Other Expense, net (1,016,000) (2,858,000) (1,583,000) (4,570,000)
Loss Before Income Tax Benefit (Expense) (5,923,000) (12,441,000) (12,987,000) (37,234,000)
Income Tax Benefit 0 0 0 934,000
Net Loss (5,923,000) (12,441,000) (12,987,000) (36,300,000)
Net Loss Attributable to Non-Controlling Interests 50,000 16,000 69,000 47,000
Net Loss Attributable to Kartoon Studios, Inc. $ (5,873,000) $ (12,425,000) $ (12,918,000) $ (36,253,000)
Net Loss per Share (Basic) (in dollars per share) $ (0.15) $ (0.38) $ (0.35) $ (1.12)
Net Loss per Share (Diluted) (in dollars per share) $ (0.15) $ (0.38) $ (0.35) $ (1.12)
Weighted Average Shares Outstanding (Basic) (in shares) 38,386,420 32,379,852 36,842,083 32,180,202
Weighted Average Shares Outstanding (Diluted) (in shares) 38,386,420 32,379,852 36,842,083 32,180,202
Production Services        
Revenues:        
Total Revenues $ 5,095,000 $ 7,033,000 $ 7,858,000 $ 16,919,000
Content Distribution        
Revenues:        
Total Revenues 2,396,000 3,012,000 4,725,000 6,313,000
Licensing & Royalties        
Revenues:        
Total Revenues 27,000 103,000 127,000 149,000
Media Advisory & Advertising Services        
Revenues:        
Total Revenues $ 866,000 $ 890,000 $ 1,752,000 $ 1,846,000