Related Party Transactions

12 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

The Company sells products to Forbidden Planet, a U.K. retailer through its wholly owned subsidiary Funko UK, Ltd. One of the investors in Forbidden Planet is an employee of Funko UK, Ltd. and an executive officer. For the years ended December 31, 2023, 2022 and 2021, the Company recorded approximately $2.5 million, $1.6 million and $0.8 million, respectively, in net sales from business with Forbidden Planet. At December 31, 2023 and 2022, accounts receivable from Forbidden Planet were $0.5 million and $0.2 million on the consolidated balance sheets, respectively.

In February 2019, in connection with the Forrest-Pruzan Acquisition, the Company assumed two leases of office space with Roll and Move, LLC and Roll and Move II LLC, both of which are owned by certain former owners of Forrest-Pruzan Creative LLC, one of whom was an employee of the Company. In 2022, the Company leased another space with the same landlord. For the years ended December 31, 2022 and 2021, the Company recorded $0.3 million, respectively of rental expense related to the leases, which was recorded in selling, general and administrative expenses in the Company’s consolidated statements of operations. The relationship was no longer a related party during the year ended December 31, 2023.