Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 2,056 $ 7,879
Restricted Cash 512 506
Investments in Marketable Securities (amortized cost of $700 and $2,116, respectively) 687 2,029
Accounts Receivable (net of allowance of $94 and $239, respectively) 7,043 11,982
Tax Credits Receivable (net of allowance of $316 and $187, respectively) 12,287 10,295
Other Receivable 1,531 1,367
Prepaid Expenses and Other Assets 1,347 606
Total Current Assets 25,463 34,664
Noncurrent Assets:    
Property and Equipment, net 1,886 2,053
Operating Lease Right-of-Use Assets, net 5,552 5,847
Finance Lease Right-of-Use Assets, net 487 278
Notes and Accounts Receivable from Related Party 0 1,352
Film and Television Costs, net 4,093 2,621
Tax Credits Receivable (net of allowance of $393 and $421, respectively) 2,227 2,384
Investment in Your Family Entertainment AG 10,773 16,429
Intangible Assets, net 19,404 19,722
Other Assets 118 117
Total Assets 70,003 85,467
Current Liabilities:    
Accounts Payable 6,772 11,954
Participations Payable 1,073 1,427
Accrued Expenses 1,278 405
Accrued Salaries and Wages 1,916 1,213
Deferred Revenue 6,510 5,997
Margin Loan 116 900
Production Facilities, net 10,609 9,220
Current Portion of Operating Lease Liabilities 1,018 1,002
Current Portion of Finance Lease Liabilities 264 249
Due to Related Party 0 8
Other Current Liabilities 804 1,065
Total Current Liabilities 30,360 33,440
Noncurrent Liabilities:    
Deferred Revenue 3,369 3,371
Operating Lease Liabilities, Net Current Portion 5,025 5,359
Finance Lease Liabilities, Net Current Portion 210 54
Deferred Tax Liability, net 1,336 1,301
Warrant Liability 0 5,477
Other Noncurrent Liabilities 28 5
Total Liabilities 40,328 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, 47,982,835 and 46,285,078 shares issued and 47,906,569 and 46,209,081 outstanding as of June 30, 2025 and December 31, 2024, respectively 48 45
Additional Paid-in Capital 783,860 777,930
Treasury Stock at Cost, 76,266 and 75,997 shares of common stock as of June 30, 2025 and December 31, 2024, respectively (340) (340)
Accumulated Deficit (751,975) (739,285)
Accumulated Other Comprehensive Loss (3,238) (3,379)
Total Kartoon Studios, Inc. Stockholders' Equity 28,355 34,971
Non-Controlling Interests in Consolidated Subsidiaries 1,320 1,489
Total Stockholders' Equity 29,675 36,460
Total Liabilities and Stockholders’ Equity 70,003 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