Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 2,263 $ 7,879
Restricted Cash 509 506
Investments in Marketable Securities (amortized cost of $3,283 and $2,116, respectively) 3,226 2,029
Accounts Receivable (net of allowance of $204 and $239, respectively) 7,562 11,982
Tax Credits Receivable (net of allowance of $210 and $187, respectively) 8,326 10,295
Notes and Accounts Receivable from Related Party 400 0
Other Receivable 1,488 1,367
Prepaid Expenses and Other Assets 1,354 606
Total Current Assets 25,128 34,664
Noncurrent Assets:    
Property and Equipment, net 1,921 2,053
Operating Lease Right-of-Use Assets, net 5,654 5,847
Finance Lease Right-of-Use Assets, net 217 278
Notes and Accounts Receivable from Related Party 0 1,352
Film and Television Costs, net 3,462 2,621
Tax Credits Receivable (net of allowance of $433 and $421, respectively) 2,458 2,384
Investment in Your Family Entertainment AG 13,444 16,429
Intangible Assets, net 19,300 19,722
Other Assets 117 117
Total Assets 71,701 85,467
Current Liabilities:    
Accounts Payable 5,963 11,954
Participations Payable 1,044 1,427
Accrued Expenses 1,738 405
Accrued Salaries and Wages 1,668 1,213
Deferred Revenue 6,147 5,997
Margin Loan 415 900
Production Facilities, net 7,376 9,220
Current Portion of Operating Lease Liabilities 1,071 1,002
Current Portion of Finance Lease Liabilities 204 249
Due to Related Party 8 8
Other Current Liabilities 1,201 1,065
Total Current Liabilities 26,835 33,440
Noncurrent Liabilities:    
Deferred Revenue 3,369 3,371
Operating Lease Liabilities, Net Current Portion 5,082 5,359
Finance Lease Liabilities, Net Current Portion 36 54
Deferred Tax Liability, net 1,280 1,301
Warrant Liability 5,030 5,477
Other Noncurrent Liabilities 12 5
Total Liabilities 41,644 49,007
Commitments and Contingencies (Note 19)  
Stockholders’ Equity:    
Preferred stock value 0 0
Common Stock, $0.001 par value, 190,000,000 and 190,000,000 shares authorized, 47,861,379 and 46,285,078 shares issued and 47,785,248 and 46,209,081 outstanding as of March 31, 2025 and December 31, 2024, respectively 48 45
Additional Paid-in Capital 778,055 777,930
Treasury Stock at Cost, 76,131 and 75,997 shares of common stock as of March 31, 2025 and December 31, 2024, respectively (340) (340)
Accumulated Deficit (745,812) (739,285)
Accumulated Other Comprehensive Loss (3,318) (3,379)
Total Kartoon Studios, Inc. Stockholders' Equity 28,633 34,971
Non-Controlling Interests in Consolidated Subsidiaries 1,424 1,489
Total Stockholders' Equity 30,057 36,460
Total Liabilities and Stockholders’ Equity 71,701 85,467
Series A Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock value 0 0
Series B Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock value 0 0
Series C Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock value $ 0 $ 0