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BALANCE SHEET COMPONENTS (Tables)
12 Months Ended
Dec. 31, 2024
Balance Sheet Related Disclosures [Abstract]  
Schedule of Cash and Cash Equivalents
A reconciliation of the Company’s cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows as of December 31, 2024, and 2023 is as follows:
 Year Ended December 31,
(in thousands)20242023
Cash and cash equivalents$7,826 $37,715 
Restricted cash125 500 
Cash, cash equivalents and restricted cash$7,951 $38,215 
Restrictions on Cash and Cash Equivalents
A reconciliation of the Company’s cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows as of December 31, 2024, and 2023 is as follows:
 Year Ended December 31,
(in thousands)20242023
Cash and cash equivalents$7,826 $37,715 
Restricted cash125 500 
Cash, cash equivalents and restricted cash$7,951 $38,215 
Schedule of Fair Values of Securities Investments As of December 31, 2024, and December 31, 2023, the fair value of the Company’s securities investments was as follows:
December 31, 2024December 31, 2023
(in thousands)
Cash and
Cash
Equivalents
Short-term
Investments
Investments
(non-current)
Total
Cash and
Cash
Equivalents
Total
     
Level 1 Securities
Money market funds$3,512 $— $— $3,512 $36,072 $36,072 
Certificate of deposit— 9,000 — 9,000 — — 
U.S. government securities— 1,495 — 1,495 — — 
Total Level 1 Securities3,512 10,495 — 14,007 36,072 36,072 
Level 2 Securities      
Corporate debt securities649 13,736 7,459 21,844 — — 
Total Level 2 Securities649 13,736 7,459 21,844 — — 
Total$4,161 $24,231 $7,459 $35,851 $36,072 $36,072 
Schedule of Debt Securities
The following table provides the amortized cost and estimated fair value of investments with fixed maturities as of December 31, 2024:
December 31, 2024
(in thousands)
Amortized
Cost
Gross
 Unrealized
 Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Debt Securities:
Certificate of Deposit$9,000 $— $— $9,000 
Corporate Debt Securities21,853 (10)21,844 
U.S. Government Debt Securities1,495 — — 1,495 
$32,348 $$(10)$32,339 
Schedule of Debt Securities by Contractual Maturity
The following table provides the amortized cost and estimated fair value of investments with fixed maturities as December 31, 2024:
December 31, 2024
(in thousands)
Amortized
Cost
Estimated Fair
Value
Due in one year or less$24,885 $24,880 
Due after one year through five years7,463 7,459 
Due after five years— — 
Total$32,348 $32,339 
Schedule of Content Assets
As of December 31, 2024, and 2023, content assets, net consisted of the following:
Year Ended December 31,
(in thousands)20242023
   
Licensed content, net
Released, less amortization and impairment$10,190 $8,271 
Prepaid and unreleased3,139 8,357 
Total licensed content, net13,329 16,628 
Produced content, net
Released, less amortization and impairment17,717 22,880 
In production465 5,435 
Total produced content, net18,182 28,315 
Total content assets, net$31,511 $44,943 
Schedule of Amortized Licensed Content Costs and Produced Content Costs For the years ended December 31, 2024, and 2023, content amortization was as follows:
Year Ended December 31,
(in thousands)20242023
  
Licensed content$8,203 $7,250 
Produced content10,927 15,655 
Total
$19,130 $22,905 
Schedule of Accrued Expenses and Liabilities
Accrued expenses and other liabilities consisted of the following as of December 31, 2024, and December 31, 2023:
Year Ended December 31,
(in thousands)20242023
Accrued payroll and benefits$2,540 $1,254 
Dividends payable1,415 — 
Sales and income tax liabilities946 1,095 
Operating lease liabilities396 365 
Other1,706 991 
Total$7,003 $3,705 
Schedule of Property and Equipment
As of December 31, 2024, and 2023, property and equipment, summarized by major classifications, were as follows:
Estimated
Useful Life
(in Years)
Year Ended December 31,
(in thousands)20242023
  
Furniture and fixtures
10 to 15
$101 $101 
Equipment51,040 1,040 
Computer and software
3 to 5
470 570 
Website and application development337 37 
Leasehold improvementsLesser of lease term or lives703 703 
Work-in-progress77 
Property and equipment, gross2,428 2,456 
Less accumulated depreciation and amortization1,908 1,729 
Property and equipment, net$520 $727 
Schedule of Private Placement Warrants The fair value of the Private Placement Warrants as of December 31, 2024, and 2023, was as follows:
Year Ended December 31,
(in thousands)20242023
Level 3
Private Placement Warrants$88 $44 
Total Level 3$88 $44