Kartoon Studios, Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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.
FY2025 · Filed Mar 31, 2026
TOON$0.49-3.1%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
Item 8. Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows from Operating Activities: | ||
| Net Loss | $(24,698) | $(20,941) |
| Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities: | ||
| Amortization of Film and Television Costs | 904 | 231 |
| Depreciation and Amortization of Property, Equipment and Intangible Assets | 2,585 | 2,408 |
| Amortization of Right-of-Use Asset | 1,091 | 1,737 |
| Amortization of Premium on Marketable Securities | 7 | 67 |
| Share-Based Compensation Expense | 331 | 667 |
| Impairment of Film and Television Costs | 28 | – |
| Impairment of Intangible Assets | 767 | – |
| Loss on Debt Settlement | 1,753 | – |
| Gain on Early Lease Termination | (4) | – |
| Loss on Share Exchange | 286 | – |
| Deferred Income Taxes | (135) | 7 |
| Loss on Partial Disposal of Equity Investment in Your Family Entertainment AG | 1,518 | – |
| Loss on Revaluation of Equity Investments in Your Family Entertainment AG | 9,830 | 1,627 |
| Unrealized (Gain) Loss on Foreign Currency of Equity Investments in Your Family Entertainment AG | (1,775) | 1,038 |
| Loss (Gain) on Warrant Revaluation | 232 | (63) |
| Accounts Payable Balance Settled in Stock | 2,209 | – |
| Loss on Transaction | – | 985 |
| Realized Loss on Marketable Securities | 37 | 611 |
| Non-cash Interest Expense | 73 | – |
| Stock Issued for Services | 228 | 306 |
| Stock Options Issued to Consultants | 43 | 30 |
| Credit Loss Expense | 135 | 232 |
| Other Non-Cash Items | 34 | – |
| Decrease (Increase) in Operating Assets: | ||
| Accounts Receivable | 2,098 | 5,912 |
| Other Receivable | (58) | (36) |
| Tax Credits Earned (less capitalized) | (11,639) | (9,071) |
| Tax Credits Received | 9,252 | 15,979 |
| Employee Retention Tax Credit Receivable | – | (1,232) |
| Film and Television Costs, net | (3,858) | (1,731) |
| Prepaid Expenses and Other Assets | (244) | 118 |
| Increase (Decrease) in Operating Liabilities: | ||
| Accounts Payable | 108 | (4,897) |
| Accrued Salaries and Wages | 114 | (627) |
| Accrued Expenses | 334 | (280) |
| Accrued Production Costs | 233 | 1,679 |
| Participations Payable | (415) | (449) |
| Deferred Revenue | (1,887) | 3,106 |
| Lease Liability | (911) | (788) |
| Due to Related Party | 3 | (1) |
| Other Liabilities | (15) | (113) |
| Net Cash Used in Operating Activities | (11,406) | (3,489) |
| Cash Flows from Investing Activities: | ||
| Repayments from Related Party for Note Receivables | 400 | 83 |
| Proceeds from Sales and Maturities of Marketable Securities | 4,841 | 10,046 |
| Investment in Marketable Securities | (6,722) | – |
| Purchase of Property and Equipment | (151) | (117) |
| Net Cash (Used in) Provided by Investing Activities | (1,632) | 10,012 |
| Cash Flows from Financing Activities: | ||
| Proceeds from Margin Loan | 5,915 | 11,021 |
| Repayments of Margin Loan | (6,811) | (10,901) |
| Proceeds from Production Facilities | 10,251 | 8,852 |
| Repayments of Production Facilities | (8,584) | (14,756) |
| Repayments of Bank Indebtedness, net | – | (2,810) |
| Proceeds from Factoring Transaction | 484 | – |
| Principal Payments on Finance Lease Obligations | (393) | (1,661) |
| Debt Issuance Costs | (79) | (2) |
| Proceeds from Sale of Investment | 829 | – |
| Placement Agent Fee Paid in Cash | (511) | (390) |
| Proceeds from Securities Purchase Agreement, net | 7,046 | 7,515 |
| Shares Withheld for Taxes on Vested Restricted Shares | (1) | (1) |
| Proceeds from Warrant Exercise | 1 | 2 |
| Net Cash Provided by (Used in) Financing Activities | 8,147 | (3,131) |
| Effect of Exchange Rate Changes on Cash | (551) | 898 |
| Net (Decrease) Increase in Cash and Restricted Cash | (5,442) | 4,290 |
| Beginning Cash and Restricted Cash | 8,385 | 4,095 |
| Ending Cash and Restricted Cash | $2,943 | $8,385 |
| Supplemental Disclosures of Cash Flow Information | ||
| Cash Paid for Interest | $40 | $129 |
| Cash Paid for Taxes | $– | $– |
| Non-Cash Operating Activities | ||
| Reduction in Leased Asset Due to Modified Lease Liability | $106 | $– |
| Non-Cash Financing and Investing Activities | ||
| Leased Assets Obtained in Exchange for New Finance Lease Liabilities | $356 | $– |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.