GAIA, INC. Files Q2 2024 10-Q Report

TL;DR

GAIA Q2 10-Q filed. Financials for period ending 6/30/24 out.

AI Summary

GAIA, INC. filed its 10-Q for the period ending June 30, 2024, reporting on its financial performance. The company's fiscal year ends on December 31st, and this filing covers the second quarter. Key financial data points and business segments like 'Igniton' and 'License Purchase' are detailed within the report.

Why It Matters

This filing provides investors and stakeholders with the latest financial health and operational updates for GAIA, INC., crucial for understanding the company's trajectory.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the specific financial details and operational performance within it could indicate varying levels of risk.

Key Numbers

• Q2 2024 — Reporting Period (Covers the second quarter of 2024)
• 1231 — Fiscal Year End (Indicates the end of the company's fiscal year)

Key Players & Entities

• GAIA, INC. (company) — Filer of the 10-Q report
• 20240630 (date) — End of the reporting period
• 20240805 (date) — Date of filing
• 833 WEST BOULDER ROAD (address) — Company's business and mailing address
• LOUISVILLE, CO (address) — Company's business and mailing city and state
• GAIAM, INC (company) — Former company name

FAQ

Key Financial Figures

• $0.0001 — August 2, 2024 Class A Common Stock ($0.0001 par value) 18,066,942 Class B Commo

Filing Documents

• gaia-20240630.htm (10-Q) — 1097KB
• gaia-ex31_1.htm (EX-31.1) — 12KB
• gaia-ex31_2.htm (EX-31.2) — 12KB
• gaia-ex32_1.htm (EX-32.1) — 6KB
• gaia-ex32_2.htm (EX-32.2) — 6KB
• 0000950170-24-090814.txt ( ) — 4588KB
• gaia-20240630.xsd (EX-101.SCH) — 827KB
• gaia-20240630_htm.xml (XML) — 523KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited): 3 Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 4 Condensed Consolidated Statements of Operations (unaudited) for the three and six months ended June 30, 2024 and 2023 5 Condensed Consolidated Statements of Changes in Equity (unaudited) for the six months ended June 30, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows (unaudited) for the six months ended June 30, 2024 and 2023 7 Notes to Interim Condensed Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 12 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 16 Item 4.

Controls and Procedures

Controls and Procedures 16

—OTHER INFORMATION

PART II—OTHER INFORMATION 18 Item 1.

Legal Proceedings

Legal Proceedings 18 Item 1A.

Risk Factors

Risk Factors 18 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 18 Item 3. Defaults Upon Senior Securities 18 Item 5. Other Information 18 Item 6. Exhibits 19

— FINANCIAL INFORMATION

PART I— FINANCIAL INFORMATION

Financial Sta tements (Unaudited)

Item 1. Financial Sta tements (Unaudited) Unaudited Interim Condensed Consolidated Financial Statements We have prepared our unaudited interim condensed consolidated financial statements included herein pursuant to the rules and regulations of the United States Securities and Exchange Commission ("SEC"). While certain information and note disclosures normally included in annual audited financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been condensed or omitted pursuant to these rules and regulations, we believe that the disclosures made are adequate to make the information not misleading. In our opinion, the unaudited condensed consolidated financial statements contain all adjustments necessary to present fairly, in all material respects, our condensed consolidated balance sheets as of June 30, 2024, the interim condensed consolidated statements of operations for the three and six months ended June 30, 2024 and 2023, the interim condensed consolidated statements of changes in equity for the three and six months ended June 30, 2024 and 2023, and condensed consolidated statements of cash flows for the six months ended June 30, 2024 and 2023. Operating results for the three and six months ended June 30, 2024 and 2023 are not necessarily indicative of the results that may be expected for a full year or any future interim period. These unaudited interim condensed consolidated financial statements have not been audited. The balance sheet as of December 31, 2023 was derived from our annual audited consolidated financial statements included in our Annual Report on Form 10-K. The unaudited interim condensed consolidated financial statements contained herein should be read in conjunction with our annual audited consolidated financial statements, including the notes thereto, for the year ended December 31, 2023. 3 GAIA, INC. Condensed Consolida ted Balance Sheets June 30, Decemb

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View this 10-Q filing on SEC EDGAR