Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 2,741 $ 4,095
Investments in Marketable Securities (amortized cost of $6,924 and $12,838, respectively) 6,455 11,950
Accounts Receivable (net of allowance of $244 and $189, respectively) 12,663 18,072
Tax Credits Receivable (net of allowance of $570 and $527, respectively) 13,961 20,714
Prepaid Expenses and Other Assets 1,246 740
Total Current Assets 38,822 57,109
Noncurrent Assets:    
Property and Equipment, net 1,680 1,877
Operating Lease Right-of-Use Assets, net 6,507 7,076
Finance Lease Right-of-Use Assets, net 1,236 1,867
Film and Television Costs, net 1,566 1,295
Investment in Your Family Entertainment AG 17,617 19,094
Intangible Assets, net 21,453 22,993
Other Assets 123 125
Total Assets 89,004 111,436
Current Liabilities:    
Accounts Payable 10,265 16,864
Participations Payable 1,526 1,915
Accrued Expenses 1,075 691
Accrued Salaries and Wages 1,935 1,926
Deferred Revenue 4,793 3,127
Margin Loan 1,056 782
Production Facilities 9,847 15,336
Bank Indebtedness 423 2,905
Current Portion of Operating Lease Liabilities 1,194 908
Current Portion of Finance Lease Liabilities 1,168 1,120
Warrant Liability 3 63
Total Current Liabilities 33,589 45,640
Noncurrent Liabilities:    
Deferred Revenue 3,382 3,458
Operating Lease Liabilities, Net Current Portion 6,104 6,736
Finance Lease Liabilities, Net Current Portion 176 928
Deferred Tax Liability, net 1,386 1,399
Other Noncurrent Liabilities 8 14
Total Liabilities 44,645 58,175
Commitments and Contingencies (Note 19)
Stockholders’ Equity:    
Preferred stock 0 0
Common Stock, $0.001 par value, 190,000,000 shares authorized, 39,539,207 and 35,323,217 shares issued and 39,463,517 and 35,247,744 outstanding as of June 30, 2024 and December 31, 2023, respectively 356 352
Additional Paid-in Capital 777,883 773,986
Treasury Stock at Cost, 75,690 and 75,473, respectively, shares of common stock as of June 30, 2024 and December 31, 2023 (339) (339)
Accumulated Deficit (731,464) (718,546)
Accumulated Other Comprehensive Loss (3,699) (3,883)
Total Kartoon Studios, Inc. Stockholders' Equity 42,737 51,570
Non-Controlling Interests in Consolidated Subsidiaries 1,622 1,691
Total Stockholders' Equity 44,359 53,261
Total Liabilities and Stockholders’ Equity 89,004 111,436
Related Party    
Current Assets:    
Notes, Accounts Receivable and Other Receivable 1,389 1,435
Current Liabilities:    
Other Current Liabilities 7 3
Nonrelated Party    
Current Assets:    
Notes, Accounts Receivable and Other Receivable 367 103
Current Liabilities:    
Other Current Liabilities 297 0
0% Series A Convertible Preferred Stock    
Stockholders’ Equity:    
Preferred stock 0 0
Preferred Stock Series B    
Stockholders’ Equity:    
Preferred stock 0 0
Preferred Stock Series C    
Stockholders’ Equity:    
Preferred stock $ 0 $ 0