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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 7,826 $ 37,715
Restricted cash 125 500
Short-term investments in debt and other securities 24,236 0
Accounts receivable, net 6,103 4,760
Other current assets 1,228 2,315
Total current assets 39,518 45,290
Investments in debt securities 7,463 0
Investments in equity method investees 3,848 6,354
Property and equipment, net 520 727
Content assets, net 31,511 44,943
Operating lease right-of-use assets 3,065 3,350
Other assets 257 358
Total assets 86,182 101,022
Current liabilities    
Content liabilities 282 407
Accounts payable 5,608 4,765
Accrued expenses and other liabilities 7,003 3,705
Deferred revenue 10,970 14,521
Total current liabilities 23,863 23,398
Warrant liability 88 44
Non-current operating lease liabilities 3,887 4,283
Other liabilities 496 651
Total liabilities 28,334 28,376
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock, $0.0001 par value – 125,000 shares authorized as of December 31, 2024, and December 31, 2023; 56,814 shares issued as of December 31, 2024, including 215890 treasury shares; 53,287 issued and outstanding as of December 31, 2023; 56,598 shares outstanding as of December 31, 2024. 5 5
Treasury stock (251) 0
Additional paid-in capital 366,508 362,636
Accumulated deficit and other comprehensive loss (308,414) (289,995)
Total stockholders’ equity 57,848 72,646
Total liabilities and stockholders’ equity $ 86,182 $ 101,022