Kartoon Studios, Inc. Quarterly report [Sections 13 or 15(d)]

Property and Equipment, net

3 Months Ended

Mar. 31, 2025

Note 6: Property and Equipment, net

The Company has property and equipment as follows (in thousands):

Schedule of property and equipment, net
	As of
	March 31, 2025			December 31, 2024
Furniture and Equipment	$	117		$	117
Computer Equipment		822			817
Leasehold Improvements		2,200			2,200
Software		265			250
Property and Equipment, gross		3,404			3,384

Less Accumulated Depreciation		(1,239	)		(1,078	)
Foreign Currency Translation Adjustment		(244	)		(253	)
Property and Equipment, net	$	1,921		$	2,053

During the three months ended March 31, 2025 and 2024, the Company recorded depreciation expense of $0.1 million.

During the three months ended March 31, 2025 and 2024, the Company did not incur any impairment charges on its property and equipment.