Cineverse Corp
For the period ended Mar 31, 2024. Filed Jul 1, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jul 1, 2024
CNVS$1.66-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at March 31, 2024 and 2023
CONSOLIDATED BALANCE SHEETS
(In thousands, except for share and per share data)
| March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $5,167 | $7,152 |
| Accounts receivable, net of allowance for credit losses of $269 and $0, respectively | 8,667 | 20,846 |
| Unbilled revenue | 6,439 | 2,036 |
| Employee retention tax credit | 1,671 | 2,085 |
| Content advances | 9,345 | 3,724 |
| Other current assets | 1,432 | 1,734 |
| Total current assets | 32,721 | 37,577 |
| Equity investment in Metaverse, a related party, at fair value | 362 | 5,200 |
| Property and equipment, net | 2,276 | 1,833 |
| Intangible assets, net | 18,328 | 19,868 |
| Goodwill | 6,799 | 20,824 |
| Content advances, net of current portion | 2,551 | 1,421 |
| Other long-term assets | 1,341 | 1,265 |
| Total Assets | $64,378 | $87,988 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $20,817 | $34,531 |
| Line of credit, including unamortized debt issuance costs of $81 and $76, respectively | 6,301 | 4,924 |
| Current portion of deferred consideration on purchase of business | 3,114 | 3,788 |
| Earnout consideration on purchase of business | 180 | 1,444 |
| Current portion of operating lease liabilities | 401 | 418 |
| Deferred revenue | 436 | 226 |
| Total current liabilities | 31,249 | 45,331 |
| Deferred consideration on purchase of business, net of current portion | 457 | 2,647 |
| Operating lease liabilities, net of current portion | 462 | 863 |
| Other long-term liabilities | 59 | 74 |
| Total Liabilities | 32,227 | 48,915 |
| Commitments and contingencies (see Note 6) | ||
| Stockholders’ Equity | ||
| Preferred stock, 15,000,000 shares authorized; Series A 10% - $0.001 par value per share; 20 shares authorized; 7 shares issued and 7 shares outstanding at March 31, 2024 and March 31, 2023. Liquidation preference of $3,648. | 3,559 | 3,559 |
| Common Stock, $0.001 par value; Class A Stock: 275,000,000 shares authorized as of March 31, 2024, and March 31, 2023; 15,985,620 and 9,413,597 shares issued, with 15,699,135 and 9,347,805 shares outstanding as of March 31, 2024, and March 31, 2023, respectively. | 194 | 185 |
| Additional paid-in capital | 545,996 | 530,998 |
| Treasury stock, at cost; 288,554 and 65,792 shares at March 31, 2024 and March 31, 2023, respectively. | (11,978) | (11,608) |
| Accumulated deficit | (504,153) | (482,395) |
| Accumulated other comprehensive loss | (345) | (402) |
| Total stockholders’ equity of Cineverse Corp. | 33,273 | 40,337 |
| Deficit attributable to noncontrolling interest | (1,122) | (1,264) |
| Total equity | 32,151 | 39,073 |
| Total Liabilities and Equity | $64,378 | $87,988 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.