Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (unaudited)

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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total Revenue $ 10,072,000 $ 19,679,000 $ 35,276,000 $ 43,244,000
Operating Expenses:        
Marketing and Sales 522,000 880,000 2,457,000 2,012,000
Direct Operating Costs 13,475,000 13,875,000 34,301,000 28,865,000
General and Administrative 8,679,000 10,363,000 26,274,000 36,327,000
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 22,676,000 25,118,000 78,462,000 67,204,000
Loss from Operations (12,604,000) (5,439,000) (43,186,000) (23,960,000)
Interest Expense (672,000) (740,000) (2,777,000) (1,184,000)
Other Expense, Net (2,236,000) (5,062,000) (10,293,000) (2,805,000)
Loss Before Income Tax Benefit (15,512,000) (11,241,000) (56,256,000) (27,949,000)
Income Tax Benefit 0 0 705,000 0
Net Loss (15,512,000) (11,241,000) (55,551,000) (27,949,000)
Net (Income) Loss Attributable to Non-Controlling Interests 36,000 23,000 83,000 (1,139,000)
Net Loss Attributable to Kartoon Studios, Inc. $ (15,476,000) $ (11,218,000) $ (55,468,000) $ (29,088,000)
Net Loss per Share (Basic) (in dollars per share) $ (0.44) $ (0.35) $ (1.67) $ (0.93)
Net Loss per Share (Diluted) (in dollars per share) $ (0.44) $ (0.35) $ (1.67) $ (0.93)
Weighted Average Shares Outstanding (Basic) (in shares) 35,088,333 31,728,277 33,160,228 31,224,344
Weighted Average Shares Outstanding (Diluted) (in shares) 35,088,333 31,728,277 33,160,228 31,224,344
Production Services        
Revenues:        
Total Revenue $ 6,360,000 $ 9,095,000 $ 23,279,000 $ 19,113,000
Content Distribution        
Revenues:        
Total Revenue 2,592,000 9,106,000 8,905,000 18,049,000
Licensing & Royalties        
Revenues:        
Total Revenue 123,000 280,000 272,000 2,816,000
Media Advisory & Advertising Services        
Revenues:        
Total Revenue $ 997,000 $ 1,198,000 $ 2,820,000 $ 3,266,000