Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 7,879 $ 3,594
Restricted Cash 506 501
Investments in Marketable Securities (amortized cost of $2,116 and $12,838, respectively) 2,029 11,950
Accounts Receivable (net of allowance of $239 and $189, respectively) 11,982 18,072
Tax Credits Receivable (net of allowance of $187 and $527, respectively) 10,295 20,714
Other Receivable 1,367 103
Prepaid Expenses and Other Assets 606 740
Total Current Assets 34,664 55,674
Noncurrent Assets:    
Property and Equipment, net 2,053 1,877
Operating Lease Right-of-Use Assets, net 5,847 7,076
Finance Lease Right-of-Use Assets, net 278 1,867
Notes and Accounts Receivable from Related Party 1,352 1,435
Film and Television Costs, net 2,621 1,295
Tax Credits Receivable (net of allowance of $421 and $0, respectively) 2,384 0
Investment in Your Family Entertainment AG 16,429 19,094
Intangible Assets, net 19,722 22,993
Other Assets 117 125
Total Assets 85,467 111,436
Current Liabilities:    
Accounts Payable 11,954 16,864
Participations Payable 1,427 1,915
Accrued Expenses 405 691
Accrued Salaries and Wages 1,213 1,926
Deferred Revenue 5,997 3,127
Margin Loan 900 782
Production Facilities, net 9,220 15,336
Bank Indebtedness 0 2,905
Current Portion of Operating Lease Liabilities 1,002 908
Current Portion of Finance Lease Liabilities 249 1,120
Warrant Liability 0 63
Due to Related Party 8 3
Other Current Liabilities 1,065 0
Total Current Liabilities 33,440 45,640
Noncurrent Liabilities:    
Deferred Revenue 3,371 3,458
Operating Lease Liabilities, Net Current Portion 5,359 6,736
Finance Lease Liabilities, Net Current Portion 54 928
Deferred Tax Liability, net 1,301 1,399
Warrant Liability 5,477 0
Other Noncurrent Liabilities 5 14
Total Liabilities 49,007 58,175
Commitments and Contingencies (Note 19)
Stockholders’ Equity:    
Preferred Stock, 10,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023 0 0
Common Stock, $0.001 par value, 190,000,000 shares authorized; 46,285,078 and 35,323,217 shares issued and 46,209,081 and 35,247,744 outstanding as of December 31, 2024 and December 31, 2023, respectively 45 352
Additional Paid-in Capital 777,930 773,986
Treasury Stock at Cost, 75,997 and 75,473 shares of common stock as of December 31, 2024 and December 31, 2023, respectively (340) (339)
Accumulated Deficit (739,285) (718,546)
Accumulated Other Comprehensive Loss (3,379) (3,883)
Total Kartoon Studios, Inc. Stockholders’ Equity 34,971 51,570
Non-Controlling Interests in Consolidated Subsidiaries 1,489 1,691
Total Stockholders’ Equity 36,460 53,261
Total Liabilities and Stockholders’ Equity 85,467 111,436
Series A Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred Stock, 10,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023 0 0
Series B Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred Stock, 10,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023 0 0
Series C Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred Stock, 10,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023 $ 0 $ 0