Kartoon Studios Files Q2 2024 10-Q
Ticker: TOON · Form: 10-Q · Filed: Aug 14, 2024 · CIK: 1355848
| Field | Detail |
|---|---|
| Company | Kartoon Studios, Inc. (TOON) |
| Form Type | 10-Q |
| Filed Date | Aug 14, 2024 |
| Risk Level | medium |
| Pages | 17 |
| Reading Time | 20 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
Kartoon Studios dropped its Q2 2024 10-Q. Check financials.
AI Summary
Kartoon Studios, Inc. filed its 10-Q for the period ending June 30, 2024. The company, formerly known as Genius Brands International, Inc., reported its financial results for the second quarter of 2024. The filing details various financial statement items and disclosures relevant to investors.
Why It Matters
This filing provides investors with the latest financial performance and operational details of Kartoon Studios, Inc., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — As a publicly traded company, Kartoon Studios faces inherent market and operational risks, and the 10-Q filing is a routine disclosure that doesn't inherently signal a change in risk profile but provides data for assessment.
Key Players & Entities
- Kartoon Studios, Inc. (company) — Filer of the 10-Q
- Genius Brands International, Inc. (company) — Former name of Kartoon Studios, Inc.
- 20240630 (date) — End of the reporting period
- 20240814 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended June 30, 2024.
What was Kartoon Studios, Inc. formerly known as?
Kartoon Studios, Inc. was formerly known as Genius Brands International, Inc.
In which state was Kartoon Studios, Inc. incorporated?
Kartoon Studios, Inc. was incorporated in Nevada (NV).
What is the business address of Kartoon Studios, Inc.?
The business address is 190 N. Canon Street, 4th Floor, Beverly Hills, CA 90210.
What is the SEC file number for Kartoon Studios, Inc.?
The SEC file number for Kartoon Studios, Inc. is 001-37950.
Filing Stats: 5,026 words · 20 min read · ~17 pages · Grade level 13.6 · Accepted 2024-08-14 09:18:21
Key Financial Figures
- $0.001 — ere registered Common Stock, par value $0.001 per share TOON The NYSE American Indi
Filing Documents
- toon-20240630.htm (10-Q) — 1359KB
- ex311toon20240630.htm (EX-31.1) — 10KB
- ex312toon20240630.htm (EX-31.2) — 10KB
- ex321toon20240630.htm (EX-32.1) — 4KB
- ex322toon20240630.htm (EX-32.2) — 4KB
- 0001355848-24-000113.txt ( ) — 8828KB
- toon-20240630.xsd (EX-101.SCH) — 76KB
- toon-20240630_cal.xml (EX-101.CAL) — 125KB
- toon-20240630_def.xml (EX-101.DEF) — 431KB
- toon-20240630_lab.xml (EX-101.LAB) — 872KB
- toon-20240630_pre.xml (EX-101.PRE) — 646KB
- toon-20240630_htm.xml (XML) — 994KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION Page Number
Financial Statements
Item 1. Financial Statements 2
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. 27
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk. 34
Controls and Procedures
Item 4. Controls and Procedures. 35
- OTHER INFORMATION
PART II - OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings. 36
Risk Factors
Item 1A. Risk Factors. 38
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 40
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities. 40
Mine Safety Disclosures
Item 4. Mine Safety Disclosures. 40
Other Information
Item 5. Other Information. 40
Exhibits
Item 6. Exhibits. 40
SIGNATURES
SIGNATURES 41 1 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements Kartoon Studios, Inc. Condensed Consolidated Balance Sheets (in thousands, except share and par value data) As of June 30, 2024 December 31, 2023 (Unaudited) ASSETS Current Assets: Cash $ 2,741 $ 4,095 Investments in Marketable Securities (amortized cost of $ 6,924 and $ 12,838 , respectively) 6,455 11,950 Accounts Receivable (net of allowance of $ 244 and $ 189 , respectively) 12,663 18,072 Tax Credits Receivable (net of allowance of $ 570 and $ 527 , respectively) 13,961 20,714 Notes and Accounts Receivable from Related Party 1,389 1,435 Other Receivable 367 103 Prepaid Expenses and Other Assets 1,246 740 Total Current Assets 38,822 57,109 Noncurrent Assets: Property and Equipment, net 1,680 1,877 Operating Lease Right-of-Use Assets, net 6,507 7,076 Finance Lease Right-of-Use Assets, net 1,236 1,867 Film and Television Costs, net 1,566 1,295 Investment in Your Family Entertainment AG 17,617 19,094 Intangible Assets, net 21,453 22,993 Other Assets 123 125 Total Assets $ 89,004 $ 111,436 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts Payable $ 10,265 $ 16,864 Participations Payable 1,526 1,915 Accrued Expenses 1,075 691 Accrued Salaries and Wages 1,935 1,926 Deferred Revenue 4,793 3,127 Margin Loan 1,056 782 Production Facilities 9,847 15,336 Bank Indebtedness 423 2,905 Current Portion of Operating Lease Liabilities 1,194 908 Current Portion of Finance Lease Liabilities 1,168 1,120 Warrant Liability 3 63 Due to Related Party 7 3 Other Current Liabilities 297 – Total Current Liabilities 33,589 45,640 Noncurrent Liabilities: Deferred Revenue 3,382 3,458 Operating Lease Liabilities, Net Current Portion 6,104 6,736 Finance Lease Liabilities, Net Current Portion 176 928 Deferred Tax Liability, net 1,386 1,399 Other Noncurrent Liabilities 8 14 Total Liabilities 44,645 58,175 Commitments and Contingencies (Note 19) Stockholders' Equity: Preferred Stock, 9,943,99