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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 16,900 $ 18,318
Restricted cash 60 60
Short-term investments in debt and other securities 3,493 8,966
Accounts receivable, net 5,809 8,893
Other current assets 1,207 1,198
Total current assets 27,469 37,435
Investments in debt securities 2,959 0
Investments in equity method investees 3,698 3,668
Property and equipment, net 371 404
Content assets, net 31,311 31,000
Operating lease right-of-use assets 2,684 2,763
Other assets 664 461
Total assets 69,156 75,731
Current liabilities    
Content liabilities 306 362
Accounts payable 6,415 9,449
Accrued expenses and other liabilities 13,455 12,094
Deferred revenue 8,618 8,409
Total current liabilities 28,794 30,314
Non-current operating lease liabilities 3,347 3,460
Other liabilities 554 470
Total liabilities 32,695 34,244
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock, $0.0001 par value – 125,000 shares authorized as of March 31, 2026, and December 31, 2025; 59,593 and 58,950 issued, including 306 and 216 treasury shares; 59,288 and 58,734 shares outstanding as of March 31, 2026, and December 31, 2025, respectively. 5 5
Treasury stock (562) (251)
Additional paid-in capital 379,136 377,577
Accumulated deficit (342,118) (335,844)
Total stockholders’ equity 36,461 41,487
Total liabilities and stockholders’ equity $ 69,156 $ 75,731