Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash $ 7,742 $ 2,943
Investments in Marketable Securities (amortized cost of $32,754 and $3,953, respectively) 32,763 3,978
Accounts Receivable (net of allowance of $7 and $3, respectively) 2,059 9,632
Tax Credits Receivable (net of allowance of $427 and $423, respectively) 17,494 16,800
Other Receivable 1,346 1,571
Prepaid Expenses and Other Assets 1,643 841
Total Current Assets 63,047 35,765
Noncurrent Assets:    
Property and Equipment, net 1,327 1,635
Operating Lease Right-of-Use Assets, net 4,511 5,114
Finance Lease Right-of-Use Assets, net 210 312
Film and Television Costs, net 7,283 4,878
Investment in Your Family Entertainment AG 1,863 5,481
Intangible Assets, net 16,178 17,604
Other Assets 114 118
Total Assets 94,533 70,907
Current Liabilities:    
Accounts Payable 5,666 12,115
Participations Payable 1,161 1,024
Accrued Expenses 1,776 744
Accrued Salaries and Wages 1,390 1,370
Deferred Revenue 2,732 4,391
Production Facilities, net 12,928 11,819
Current Portion of Operating Lease Liabilities 1,080 1,077
Current Portion of Finance Lease Liabilities 116 156
Due to Related Party 0 5
Standstill Agreement Payable 4,000 0
Other Current Liabilities 750 750
Total Current Liabilities 31,599 33,451
Noncurrent Liabilities:    
Deferred Revenue 3,415 3,369
Operating Lease Liabilities, net of Current Portion 3,829 4,488
Finance Lease Liabilities, net of Current Portion 86 144
Deferred Tax Liability, net 1,181 1,225
Factoring Liability 776 689
Other Noncurrent Liabilities 22 8
Total Liabilities 40,908 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, 62,629,255 and 55,282,150 shares issued and 62,204,105 and 54,857,000 shares outstanding as of June 30, 2026 and December 31, 2025, respectively 62 55
Additional Paid-in Capital 799,305 793,814
Treasury Stock at Cost, 425,150 shares of common stock as of June 30, 2026 and December 31, 2025 (604) (604)
Accumulated Deficit (743,197) (763,817)
Accumulated Other Comprehensive Loss (3,188) (3,238)
Total Kartoon Studios, Inc. Stockholders’ Equity 52,378 26,210
Non-Controlling Interests in Consolidated Subsidiaries 1,247 1,323
Total Stockholders’ Equity 53,625 27,533
Total Liabilities and Stockholders’ Equity 94,533 70,907
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