Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 916 $ 7,879
Restricted Cash 514 506
Investments in Marketable Securities (amortized cost of $0 and $2,116, respectively) 0 2,029
Accounts Receivable (net of allowance of $99 and $239, respectively) 8,698 11,982
Tax Credits Receivable (net of allowance of $328 and $187, respectively) 14,542 10,295
Other Receivable 1,295 1,367
Prepaid Expenses and Other Assets 1,124 606
Total Current Assets 27,089 34,664
Noncurrent Assets:    
Property and Equipment, net 1,727 2,053
Operating Lease Right-of-Use Assets, net 5,258 5,847
Finance Lease Right-of-Use Assets, net 385 278
Notes and Accounts Receivable from Related Party 0 1,352
Film and Television Costs, net 4,501 2,621
Tax Credits Receivable (net of allowance of $402 and $421, respectively) 2,276 2,384
Investment in Your Family Entertainment AG 6,696 16,429
Intangible Assets, net 18,671 19,722
Other Assets 117 117
Total Assets 66,720 85,467
Current Liabilities:    
Accounts Payable 8,249 11,954
Participations Payable 945 1,427
Accrued Expenses 1,519 405
Accrued Salaries and Wages 1,769 1,213
Deferred Revenue 5,483 5,997
Margin Loan 0 900
Production Facilities, net 12,552 9,220
Current Portion of Operating Lease Liabilities 1,040 1,002
Current Portion of Finance Lease Liabilities 205 249
Due to Related Party 0 8
Other Current Liabilities 750 1,065
Total Current Liabilities 32,512 33,440
Noncurrent Liabilities:    
Deferred Revenue 3,369 3,371
Operating Lease Liabilities, Net Current Portion 4,687 5,359
Finance Lease Liabilities, Net Current Portion 168 54
Deferred Tax Liability, net 1,314 1,301
Factoring Liability 644 0
Warrant Liability 0 5,477
Other Noncurrent Liabilities 14 5
Total Liabilities 42,708 49,007
Stockholders’ Equity:    
Preferred stock value 0 0
Common Stock, $0.001 par value, 190,000,000 and 190,000,000 shares authorized, 49,338,158 and 46,285,078 shares issued and 48,913,630 and 46,209,081 outstanding as of September 30, 2025 and December 31, 2024, respectively 49 45
Additional Paid-in Capital 784,977 777,930
Treasury Stock at Cost, 424,528 and 75,997 shares of common stock as of September 30, 2025 and December 31, 2024, respectively (603) (340)
Accumulated Deficit (758,545) (739,285)
Accumulated Other Comprehensive Loss (3,241) (3,379)
Total Kartoon Studios, Inc. Stockholders' Equity 22,637 34,971
Non-Controlling Interests in Consolidated Subsidiaries 1,375 1,489
Total Stockholders' Equity 24,012 36,460
Total Liabilities and Stockholders’ Equity 66,720 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