XML 15 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 39,519,000 $ 37,715,000
Restricted cash 125,000 500,000
Accounts receivable 4,606,000 4,760,000
Other current assets 1,385,000 2,315,000
Total current assets 45,635,000 45,290,000
Investments in equity method investees 4,446,000 6,354,000
Property and equipment, net 561,000 727,000
Content assets, net 36,736,000 44,943,000
Operating lease right-of-use assets 3,209,000 3,350,000
Other assets 290,000 358,000
Total assets 90,877,000 101,022,000
Current liabilities    
Content liabilities 323,000 407,000
Accounts payable 2,684,000 4,765,000
Accrued expenses and other liabilities 4,482,000 3,705,000
Deferred revenue 13,499,000 14,521,000
Total current liabilities 20,988,000 23,398,000
Warrant liability 74,000 44,000
Non-current operating lease liabilities 4,090,000 4,283,000
Other liabilities 901,000 651,000
Total liabilities 26,053,000 28,376,000
Stockholders’ equity    
Common stock, $0.0001 par value – 125,000 shares authorized as of June 30, 2024, and December 31, 2023; 53,767 shares issued as of June 30, 2024, including 22 treasury shares; 53,286 issued and outstanding as of December 31, 2023; 53,745 shares outstanding as of June 30, 2024. 5,000 5,000
Treasury stock (25,961) 0
Additional paid-in capital 364,582,000 362,636,000
Accumulated deficit (299,737,000) (289,995,000)
Total stockholders’ equity 64,824,000 72,646,000
Total liabilities and stockholders’ equity $ 90,877,000 $ 101,022,000