Kartoon Studios, Inc.

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

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.

FY2024 · Filed Mar 31, 2025

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 for share data)

	As of December 31,
	2024	2023
ASSETS
Current Assets:
Cash	$7,879	$3,594
Restricted Cash	506	501
Investments in Marketable Securities (amortized cost of $2,116 and $12,838, respectively)	2,029	11,950
Accounts Receivable (net of allowance of $239 and $189, respectively)	11,982	18,072
Tax Credits Receivable (net of allowance of $187 and $527, respectively)	10,295	20,714
Other Receivable	1,367	103
Prepaid Expenses and Other Assets	606	740
Total Current Assets	34,664	55,674
Noncurrent Assets:
Property and Equipment, net	2,053	1,877
Operating Lease Right-of-Use Assets, net	5,847	7,076
Finance Lease Right-of-Use Assets, net	278	1,867
Notes and Accounts Receivable from Related Party	1,352	1,435
Film and Television Costs, net	2,621	1,295
Tax Credits Receivable (net of allowance of $421 and $0, respectively)	2,384	–
Investment in Your Family Entertainment AG	16,429	19,094
Intangible Assets, net	19,722	22,993
Other Assets	117	125
Total Assets	$85,467	$111,436
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts Payable	$11,954	$16,864
Participations Payable	1,427	1,915
Accrued Expenses	405	691
Accrued Salaries and Wages	1,213	1,926
Deferred Revenue	5,997	3,127
Margin Loan	900	782
Production Facilities, net	9,220	15,336
Bank Indebtedness	–	2,905
Current Portion of Operating Lease Liabilities	1,002	908
Current Portion of Finance Lease Liabilities	249	1,120
Warrant Liability	–	63
Due to Related Party	8	3
Other Current Liabilities	1,065	–
Total Current Liabilities	33,440	45,640
Noncurrent Liabilities:
Deferred Revenue	3,371	3,458
Operating Lease Liabilities, Net Current Portion	5,359	6,736
Finance Lease Liabilities, Net Current Portion	54	928
Deferred Tax Liability, net	1,301	1,399
Warrant Liability	5,477	–
Other Noncurrent Liabilities	5	14
Total Liabilities	49,007	58,175
Commitments and Contingencies (Note 19)	–	–
Stockholders’ Equity:
Preferred Stock, 10,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023	–	–
0% Series A Convertible Preferred Stock, $0.001 par value, 6,000 shares authorized, 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023	–	–
Series B Preferred Stock, $0.001 par value, 0 and 1 share authorized, 0 and 1 share issued and outstanding as of December 31, 2024 and December 31, 2023, respectively	–	–
Series C Preferred Stock, $0.001 par value, 50,000 shares authorized, 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023	–	–
Common Stock, $0.001 par value, 190,000,000 shares authorized; 46,285,078 and 35,323,217 shares issued and 46,209,081 and 35,247,744 outstanding as of December 31, 2024 and December 31, 2023, respectively	45	352
Additional Paid-in Capital	777,930	773,986
Treasury Stock at Cost, 75,997 and 75,473 shares of common stock as of December 31, 2024 and December 31, 2023, respectively	(340)	(339)
Accumulated Deficit	(739,285)	(718,546)
Accumulated Other Comprehensive Loss	(3,379)	(3,883)
Total Kartoon Studios, Inc. Stockholders’ Equity	34,971	51,570
Non-Controlling Interests in Consolidated Subsidiaries	1,489	1,691
Total Stockholders’ Equity	36,460	53,261
Total Liabilities and Stockholders’ Equity	$85,467	$111,436

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.