Kartoon Studios, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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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$0.49-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows from Operating Activities: | ||
| Net Loss | $(20,941) | $(77,202) |
| Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities: | ||
| Amortization of Film and Television Costs | 231 | 625 |
| Depreciation and Amortization of Property, Equipment and Intangible Assets | 2,408 | 2,549 |
| Amortization of Right-of-Use Asset | 1,737 | 2,782 |
| Amortization of Premium on Marketable Securities | 67 | 391 |
| Share Based Compensation Expense | 667 | 2,671 |
| Impairment of Film and Television Costs | – | 6,911 |
| Impairment of Intangible Assets | – | 4,413 |
| Impairment of Goodwill | – | 33,534 |
| Unrealized Loss on Foreign Currency for Goodwill | – | 287 |
| Impairment of Property and Equipment | – | 134 |
| Loss on Early Lease Termination | – | 258 |
| Fair Value Of Issued Warrants | – | 12,664 |
| Deferred Income Taxes | 7 | (973) |
| Marketing Expenses in Exchange for Stock | – | 1,195 |
| Loss (Gain) on Revaluation of Equity Investments in Your Family Entertainment AG | 1,627 | (2,314) |
| Unrealized (Gain) Loss on Foreign Currency of Equity Investments in Your Family Entertainment AG | 1,038 | (533) |
| Gain on Warrant Revaluation | (63) | (10,373) |
| Loss on Transaction | 985 | – |
| Realized Loss on Marketable Securities | 611 | 4,496 |
| Write-off of Disputed Trade Payable | – | (925) |
| Stock Issued for Services | 306 | 1,105 |
| Stock Options Issued for Services | 30 | – |
| Credit Loss Expense | 232 | 401 |
| Other Non-Cash Items | – | (2) |
| Decrease (Increase) in Operating Assets: | ||
| Accounts Receivable, net | 5,912 | (2,572) |
| Other Receivable | (36) | 1,066 |
| Tax Credits Earned (less capitalized) | (9,071) | (14,806) |
| Tax Credits Received, net | 15,979 | 20,621 |
| Employee Retention Tax Credit Receivable | (1,232) | – |
| Film and Television Costs, net | (1,731) | (1,037) |
| Prepaid Expenses and Other Assets | 118 | 622 |
| Increase (Decrease) in Operating Liabilities: | ||
| Accounts Payable | (4,897) | 5,346 |
| Accrued Salaries and Wages | (627) | (592) |
| Accrued Expenses | (280) | (277) |
| Accrued Production Costs | 1,679 | 1,092 |
| Participations Payable | (449) | (1,067) |
| Deferred Revenue | 3,106 | (5,937) |
| Lease Liability | (788) | (622) |
| Due to Related Party | (1) | (4) |
| Other Liabilities | (113) | (19) |
| Net Cash Used in Operating Activities | $(3,489) | $(16,092) |
| Cash Flows from Investing Activities: | ||
| Repayments from Related Party for Note Receivables | 83 | 1,333 |
| Proceeds from Principal Collections on Marketable Securities | – | 460 |
| Proceeds from Sales and Maturities of Marketable Securities | 10,046 | 72,137 |
| Purchase of Property and Equipment | (117) | (72) |
| Net Cash Provided by Investing Activities | $10,012 | 73,858 |
| Cash Flows from Financing Activities: | ||
| Proceeds from Margin Loan | 11,021 | 21,160 |
| Repayments of Margin Loan | (10,901) | (81,169) |
| Proceeds from Production Facilities | 8,852 | 12,932 |
| Repayment of Production Facilities | (14,756) | (17,667) |
| (Repayments of )/Proceeds from Bank Indebtedness, net | (2,810) | 1,122 |
| Proceeds from Warrant Exchange, net | – | 5,299 |
| Principal Payments on Finance Lease Obligations | (1,661) | (2,162) |
| Debt Issuance Costs | (2) | (18) |
| Film Financing from External Investors | – | – |
| Placement Agent Fee Paid in Cash | (390) | – |
| Proceeds from Securities Purchase Agreement, net | 7,515 | – |
| Shares Withheld for Taxes on Vested Restricted Shares | (1) | (49) |
| Proceeds from Warrant Exercise | 2 | – |
| Payment for Warrant Put Option Exercise | – | (250) |
| Net Cash Used in Financing Activities | $(3,131) | (60,802) |
| Effect of Exchange Rate Changes on Cash | 898 | (301) |
| Net Increase (Decrease) in Cash and Restricted Cash | 4,290 | (3,337) |
| Beginning Cash and Restricted Cash | 4,095 | 7,432 |
| Ending Cash and Restricted Cash | $8,385 | $4,095 |
| Supplemental Disclosures of Cash Flow Information | ||
| Cash Paid for Interest | $129 | $1,822 |
| Cash Paid for Taxes | $– | $64 |
| Non-Cash Operating Activities | ||
| Reduction in Leased Asset Due to Modified Lease Liability | $– | $219 |
| Non-Cash Financing and Investing Activities | ||
| Leased Assets Obtained in Exchange for New Finance Lease Liabilities | $– | $1,432 |
| Warrants Issued for Services | $– | $443 |
| Warrant Modification | $– | $3,510 |
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