Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies

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Commitments and Contingencies
 3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
The following is a schedule of future minimum cash contractual obligations as of March 31, 2024 (in thousands):
2024 2025 2026 2027 2028 Thereafter Total
Operating Leases $ 1,438  $ 1,638  $ 1,643  $ 1,413  $ 1,069  $ 3,379  $ 10,580 
Finance Leases 782  668  281  –  –  –  1,731 
Employment Contracts 2,519  1,127  –  –  –  –  3,646 
Consulting Contracts 825  –  –  –  –  –  825 
Debt 2,940  8,292  –  –  –  –  11,232 
$ 8,504  $ 11,725  $ 1,924  $ 1,413  $ 1,069  $ 3,379  $ 28,014 
The present value discount of the minimum operating lease payments above was $3.0 million which when deducted from the cash commitments for the leases included in the table above, equates to the lease liabilities of $7.6 million recorded as of March 31, 2024 on the Company’s condensed consolidated balance sheet.
Other Funding Commitments
The Company enters into various agreements associated with its individual properties. Some of these agreements call for the potential future payment of royalties or “profit” participations for either (i) the use of third party intellectual property, in which the Company is obligated to share net profits with the underlying rights holders on a certain basis as defined in the respective agreements, or (ii) services rendered by animation studios, post-production studios, writers, directors, musicians or other creative talent for which the Company is obligated to share with these service providers a portion of the net profits of the properties on which they have rendered services, as defined in each respective agreement.