GAIA, INC. Files 2023 Annual Report on Form 10-K
Ticker: GAIA · Form: 10-K · Filed: Mar 29, 2024 · CIK: 1089872
Sentiment: neutral
Topics: 10-K, Annual Report, Financials, Equity, GAIA, INC.
TL;DR
<b>GAIA, INC. has filed its 2023 10-K report detailing financial performance and equity structure.</b>
AI Summary
GAIA, INC (GAIA) filed a Annual Report (10-K) with the SEC on March 29, 2024. GAIA, INC. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing includes data related to various financial statement line items and equity components. Specific dates mentioned include 2023-12-31, 2022-12-31, and periods within 2023 and 2022. The report references former company names, GAIAM, INC. and GAIAM INC., with name change dates in 1999 and 2008. Key financial elements such as Retained Earnings, Additional Paid-In Capital, and Noncontrolling Interest are detailed.
Why It Matters
For investors and stakeholders tracking GAIA, INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of GAIA, INC.'s financial position and operational results for the fiscal year 2023, crucial for investors to assess the company's performance and outlook. The detailed financial data, including equity components and restatement adjustments, allows stakeholders to understand the company's financial health and any historical accounting revisions.
Risk Assessment
Risk Level: medium — GAIA, INC shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine annual disclosure. However, the presence of restatement adjustments and specific risk factor categories (though not detailed here) suggest potential complexities that warrant a medium risk assessment.
Analyst Insight
Review the detailed financial statements and risk factors within the 10-K to understand GAIA, INC.'s financial health and potential challenges for the upcoming fiscal year.
Key Numbers
- 2023-12-31 — Fiscal Year End (Conformed period of report)
- 2024-03-29 — Filing Date (As of date)
- 103 — Public Document Count (Number of documents in the filing)
- 7812 — SIC Code (Standard Industrial Classification)
Key Players & Entities
- GAIA, INC. (company) — Filer name
- GAIAM, INC. (company) — Former company name
- GAIAM INC (company) — Former company name
- 2023-12-31 (date) — Fiscal year end
- 2022-12-31 (date) — Prior fiscal year end
- 833 WEST BOULDER ROAD (address) — Business address
- LOUISVILLE, CO (address) — Business address city and state
- 0000950170-24-038768 (filing_id) — Accession number
FAQ
When did GAIA, INC file this 10-K?
GAIA, INC filed this Annual Report (10-K) with the SEC on March 29, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by GAIA, INC (GAIA).
Where can I read the original 10-K filing from GAIA, INC?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by GAIA, INC.
What are the key takeaways from GAIA, INC's 10-K?
GAIA, INC filed this 10-K on March 29, 2024. Key takeaways: GAIA, INC. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023.. The filing includes data related to various financial statement line items and equity components.. Specific dates mentioned include 2023-12-31, 2022-12-31, and periods within 2023 and 2022..
Is GAIA, INC a risky investment based on this filing?
Based on this 10-K, GAIA, INC presents a moderate-risk profile. The filing is a standard 10-K, which is a routine annual disclosure. However, the presence of restatement adjustments and specific risk factor categories (though not detailed here) suggest potential complexities that warrant a medium risk assessment.
What should investors do after reading GAIA, INC's 10-K?
Review the detailed financial statements and risk factors within the 10-K to understand GAIA, INC.'s financial health and potential challenges for the upcoming fiscal year. The overall sentiment from this filing is neutral.
Key Dates
- 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
- 2024-03-29: Filing Date — Date the 10-K report was officially filed with the SEC.
Glossary
- 10-K
- An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This is the primary form filed by GAIA, INC. to report its annual financial results.)
- Retained Earnings
- The cumulative amount of net income of a corporation that has not been distributed to its shareholders as dividends. (Key component of shareholders' equity, indicating profitability over time.)
- Additional Paid-In Capital
- The amount of money a company receives from selling stock above its par value. (Reflects capital raised through equity issuance beyond the nominal stock value.)
Filing Stats: 4,466 words · 18 min read · ~15 pages · Grade level 15.2 · Accepted 2024-03-29 17:29:09
Key Financial Figures
- $0.0001 — hich Registered Class A Common Stock, $0.0001 Par Value GAIA NASDAQ Global Market
Filing Documents
- gaia-20231231.htm (10-K) — 3876KB
- gaia-ex21_1.htm (EX-21.1) — 9KB
- gaia-ex23_1.htm (EX-23.1) — 4KB
- gaia-ex23_2.htm (EX-23.2) — 4KB
- gaia-ex31_1.htm (EX-31.1) — 12KB
- gaia-ex31_2.htm (EX-31.2) — 12KB
- gaia-ex32_1.htm (EX-32.1) — 7KB
- gaia-ex32_2.htm (EX-32.2) — 7KB
- gaia-ex97.htm (EX-97) — 30KB
- img248789119_0.jpg (GRAPHIC) — 14KB
- 0000950170-24-038768.txt ( ) — 19456KB
- gaia-20231231.xsd (EX-101.SCH) — 1723KB
- gaia-20231231_htm.xml (XML) — 5419KB
Business
Business 1 Item 1A.
Risk Factors
Risk Factors 6 Item 1B. Unresolved Staff Comments 17 Item 1C. Cybersecurity 17 Item 2.
Properties
Properties 17 Item 3.
Legal Proceedings
Legal Proceedings 18 Item 4. Mine Safety Disclosures 18 PART II 18 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 18 Item 6. Reserved 19 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 7A.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 28 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 29 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 71 Item 9A.
Controls and Procedures
Controls and Procedures 71 Item 9B. Other Information 72 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 72 PART III 73 Item 10. Directors, Executive Officers and Corporate Governance 73 Item 11.
Executive Compensation
Executive Compensation 73 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 73 Item 13. Certain Relationships and Related Transactions, and Director Independence 73 Item 14. Principal Accountant Fees and Services 73 PART IV 74 Item 15. Exhibit and Financial Statement Schedules 74 Item 16. Form 10-K Summary 75
SIGNATURES
SIGNATURES 76 PAR T I
B usiness
Item 1. B usiness Our Business Gaia, Inc. ("Gaia," "we" or "us") operates a global digital video subscription service and community that strives to connect a unique and underserved member base. Our digital content library includes over 10,000 titles and live events, with a growing selection of titles available in Spanish, German and French. Our members have unlimited access to this vast library of inspiring films, cutting edge documentaries, interviews, yoga classes, live events, transformation-related content and more – 88% of which is exclusively available to our members for digital streaming on most internet-connected devices anytime, anywhere, commercial free. Our mission is to create a transformational network that empowers a global conscious community. Content on our network is currently organized into four primary channels— Yoga, Transformation, Alternative Healing, and Seeking Truth— and delivered directly to our members through our streaming platform. We curate programming for these channels by producing content in our lifestyle campus with a staff of media professionals. This produced and owned content currently comprises approximately 75% of our members' viewing time. We complement our produced and owned content through long term licensing agreements. Our Content Channels From the beginning, we have focused on establishing exclusive rights to unique content through in-house productions, licensing and strategic content acquisitions. Today, our network includes the following channels: Yoga – Through our Yoga channel, our members enjoy unlimited access to streaming yoga, Eastern arts, and other movement-based classes. Currently, we are one of the world's largest providers of streaming yoga classes. Blending ancient philosophy with anytime, anywhere access through modern technology, our classes on Eastern arts like T'ai Chi, Qigong, Ayurveda and more encourage the holistic integration of body, mind and spirit. Transformation – Through our Transf