Kartoon Studios Inc

For the period ended Dec 31, 2023. Filed Apr 9, 2024.

About 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.

FY2023 · Filed Apr 9, 2024

TOON$0.51+1.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in thousands, except share and par value data)

	As of December 31,
	2023	2022As Restated
ASSETS
Current Assets:
Cash	$4,095	$7,432
Investments in Marketable Securities (amortized cost of $12,838 and $90,321, respectively)	11,950	83,706
Accounts Receivable, net	18,072	15,558
Tax Credits Receivable, net	20,714	26,255
Notes and Accounts Receivable from Related Party	1,435	2,844
Other Receivable	103	1,162
Prepaid Expenses and Other Assets	740	2,568
Total Current Assets	57,109	139,525
Noncurrent Assets:
Property and Equipment, net	1,877	2,400
Operating Lease Right-of-Use Assets, net	7,076	8,506
Finance Lease Right-of-Use Assets, net	1,867	2,338
Film and Television Costs, net	1,295	7,780
Investment in Your Family Entertainment AG	19,094	16,247
Intangible Assets, net	22,993	29,167
Goodwill	–	33,474
Other Assets	125	148
Total Assets	$111,436	$239,585
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts Payable	$16,864	$11,436
Participations Payable	1,915	2,965
Accrued Expenses	691	895
Accrued Salaries and Wages	1,926	2,484
Deferred Revenue	3,127	9,065
Margin Loan	782	60,810
Production Facilities	15,336	18,282
Bank Indebtedness	2,905	1,741
Current Portion of Operating Lease Liabilities	908	802
Current Portion of Finance Lease Liabilities	1,120	1,623
Warrant Liability	63	548
Due to Related Party	3	2
Other Current Liabilities	–	255
Total Current Liabilities	45,640	110,908
Noncurrent Liabilities:
Deferred Revenue	3,458	3,369
Operating Lease Liabilities, Net Current Portion	6,736	8,095
Finance Lease Liabilities, Net Current Portion	928	1,020
Deferred Tax Liability, net	1,399	2,372
Other Noncurrent Liabilities	14	952
Total Liabilities	58,175	126,716
Commitments and Contingencies (Note 19)
Stockholders’ Equity:
Preferred Stock, 9,943,999 and 9,993,999 shares authorized, 0 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively	–	–
0% Series A Convertible Preferred Stock, $0.001 par value, 6,000 shares authorized, 0 shares issued and outstanding as of December 31, 2023 and December 31, 2022	–	–
Series B Preferred Stock, $0.001 par value, 1 share authorized, 1 share issued and outstanding as of December 31, 2023 and December 31, 2022	–	–
Series C Preferred Stock, $0.001 par value, 50,000 shares authorized, 0 shares issued and outstanding as of December 31, 2023 and December 31, 2022	–	–
Common Stock, $0.001 par value, 190,000,000 and 40,000,000 shares authorized, 35,323,217 and 31,961,185 shares issued and 35,247,744 and 31,918,552 outstanding as of December 31, 2023 and December 31, 2022, respectively	352	319
Additional Paid-in Capital	773,986	762,418
Treasury Stock at Cost, 75,473 and 42,633 shares of common stock as of December 31, 2023 and December 31, 2022, respectively	(339)	(290)
Accumulated Deficit	(718,546)	(641,443)
Accumulated Other Comprehensive Loss	(3,883)	(9,925)
Total Kartoon Studios, Inc. Stockholders' Equity	51,570	111,079
Non-Controlling Interests in Consolidated Subsidiaries	1,691	1,790
Total Stockholders' Equity	53,261	112,869
Total Liabilities and Stockholders’ Equity	$111,436	$239,585

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.