Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.23.1
Acquisitions (Tables)
 3 Months Ended
Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Summary of purchase price consideration paid
The following table summarizes the consideration paid (in thousands):

Amount
Cash $ 38,310 
Genius Common Stock Issued 10,832 
Shares Issued Exchangeable for Genius Common Stock 722 
Stock Option Value of Replacement Options- Pre- Combination Vested Options 1,214 
Severance Payments 1,044 
Bonuses 529 
Total $ 52,651 
Summary of assets acquired and liabilities assumed
The Company has completed and finalized the purchase price allocation as of December 31, 2022 and recorded the respective fair values of assets acquired and liabilities assumed on April 6, 2022 as follows (in thousands):


Cash and cash equivalents $ 2,573 
Accounts Receivable 34,237 
Other Receivable 78 
Prepaid Expenses and Other 1,245 
Property and Equipment 1,936 
ROU Assets 10,311 
IP (Productions in Progress) 4,600 
IP (Completed Productions) 5,684 
Tradename 7,630 
Customer Relationships 16,064 
Networks and Platforms 803 
Goodwill 21,398 
Accounts Payable (1,547)
Participations Payable (1,380)
Bank Debt (1,475)
Accrued Liabilities (3,825)
Interim Production Facilities (16,930)
Deferred Revenue (18,080)
Lease Liabilities (10,614)
Other Liabilities (57)
Total Consideration
 $ 52,651 
Supplemental pro forma information The following supplemental unaudited pro forma information summarizes the Company’s results of operations as if the acquisitions were completed at the beginning of the periods presented (in thousands, except for share and per share data):
Three Months Ended Three Months Ended
Genius Brands Consolidated
(including WOW Pre-Acquisition Results)
Wow Pre-Acquisition
March 31, 2023
March 31, 2022 (1)
March 31, 2022 (1)
Total Revenues $ 14,189  $ 19,517  $ 18,076 
Net Income (Loss) Attributable to Genius Brands International, Inc. $ (24,762) $ (3,520) $ 1,011 
Net Loss per Share of Common Stock (Basic and Diluted) $ (0.77) $ (0.11)
Weighted Average Shares Outstanding (Basic and Diluted) 31,978,335 31,483,633

(1) The unaudited historical financial statements of Wow are not adjusted for conversion to U.S. GAAP from International Financial Reporting Standards, as the adjustments are immaterial to the periods presented.