Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash $ 5,016 $ 2,943
Investments in Marketable Securities (amortized cost of $982 and $3,953, respectively) 996 3,978
Accounts Receivable (net of allowance of $6 and $3, respectively) 3,303 9,632
Tax Credits Receivable (net of allowance of $427 and $423, respectively) 18,459 16,800
Other Receivable 1,787 1,571
Prepaid Expenses and Other Assets 1,179 841
Total Current Assets 30,740 35,765
Noncurrent Assets:    
Property and Equipment, net 1,476 1,635
Operating Lease Right-of-Use Assets, net 4,815 5,114
Finance Lease Right-of-Use Assets, net 261 312
Film and Television Costs, net 6,863 4,878
Investment in Your Family Entertainment AG 2,393 5,481
Intangible Assets, net 16,904 17,604
Other Assets 117 118
Total Assets 63,569 70,907
Current Liabilities:    
Accounts Payable 7,138 12,115
Participations Payable 1,022 1,024
Accrued Expenses 2,600 744
Accrued Salaries and Wages 1,411 1,370
Deferred Revenue 3,595 4,391
Production Facilities, net 13,654 11,819
Current Portion of Operating Lease Liabilities 1,096 1,077
Current Portion of Finance Lease Liabilities 136 156
Due to Related Party 0 5
Other Current Liabilities 750 750
Total Current Liabilities 31,402 33,451
Noncurrent Liabilities:    
Deferred Revenue 3,369 3,369
Operating Lease Liabilities, Net of Current Portion 4,145 4,488
Finance Lease Liabilities, Net of Current Portion 115 144
Deferred Tax Liability, net 1,205 1,225
Factoring Liability 732 689
Other Noncurrent Liabilities 16 8
Total Liabilities 40,984 43,374
Commitments and Contingencies (Note 19)  
Stockholders’ Equity:    
Preferred stock value 0 0
Common Stock, $0.001 par value, 190,000,000 shares authorized, 56,953,978 and 55,282,150 shares issued and 56,528,828 and 54,857,000 outstanding as of March 31, 2026 and December 31, 2025, respectively 57 55
Additional Paid-in Capital 795,270 793,814
Treasury Stock at Cost, 425,150 shares of common stock as of March 31, 2026 and December 31, 2025 (604) (604)
Accumulated Deficit (770,182) (763,817)
Accumulated Other Comprehensive Loss (3,239) (3,238)
Total Kartoon Studios, Inc. Stockholders' Equity 21,302 26,210
Non-Controlling Interests in Consolidated Subsidiaries 1,283 1,323
Total Stockholders' Equity 22,585 27,533
Total Liabilities and Stockholders’ Equity 63,569 70,907
Series A Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock value 0 0
Series C Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock value $ 0 $ 0