Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.2
Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total Revenue $ 11,038,000 $ 22,124,000 $ 25,227,000 $ 23,563,000
Operating Expenses:        
Marketing and Sales 1,690,000 972,000 1,935,000 1,132,000
Direct Operating Costs 9,541,000 14,648,000 20,826,000 14,992,000
General and Administrative 8,370,000 15,105,000 17,595,000 25,962,000
Impairment of Property and Equipment 0 0 120,000 0
Impairment of Intangible Assets 0 0 4,023,000 0
Impairment of Goodwill 0 0 11,287,000 0
Total Operating Expenses 19,601,000 30,725,000 55,786,000 42,086,000
Loss from Operations (8,563,000) (8,601,000) (30,559,000) (18,523,000)
Interest Expense (1,020,000) (388,000) (2,105,000) (443,000)
Other Income (Expense), Net (6,368,000) (3,161,000) (8,080,000) 2,256,000
Loss Before Income Tax Benefit (15,951,000) (12,150,000) (40,744,000) (16,710,000)
Income Tax Benefit 705,000 0 705,000 0
Net Loss (15,246,000) (12,150,000) (40,039,000) (16,710,000)
Net (Income) Loss Attributable to Non-Controlling Interests 16,000 (1,193,000) 47,000 (1,162,000)
Net Loss Attributable to Kartoon Studios, Inc. $ (15,230,000) $ (13,343,000) $ (39,992,000) $ (17,872,000)
Net Loss per Share (Basic) (in dollars per share) $ (0.47) $ (0.42) $ (1.24) $ (0.58)
Net Loss per Share (Diluted) (in dollars per share) $ (0.47) $ (0.42) $ (1.24) $ (0.58)
Weighted Average Shares Outstanding (Basic) (in shares) 32,379,852 31,551,991 32,180,202 30,968,201
Weighted Average Shares Outstanding (Diluted) (in shares) 32,379,852 31,551,991 32,180,202 30,968,201
Production Services        
Revenues:        
Total Revenue $ 7,033,000 $ 10,018,000 $ 16,919,000 $ 10,018,000
Content Distribution        
Revenues:        
Total Revenue 3,012,000 8,529,000 6,313,000 8,942,000
Licensing & Royalties        
Revenues:        
Total Revenue 103,000 2,495,000 149,000 2,536,000
Media Advisory & Advertising Services        
Revenues:        
Total Revenue $ 890,000 $ 1,082,000 $ 1,846,000 $ 2,067,000