2023 Q4 Form 20-F Financial Statement

#000121390024022374 Filed on March 14, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $84.89M $152.3M $157.1M
YoY Change -45.96% -3.03% 2.66%
Cost Of Revenue $22.60M $39.55M $40.58M
YoY Change -44.3% -2.54% 16.13%
Gross Profit $62.29M $112.8M $116.5M
YoY Change -46.53% -3.19% -1.33%
Gross Profit Margin 73.37% 74.04% 74.17%
Selling, General & Admin $40.72M $81.86M $88.44M
YoY Change -53.96% -7.44% 9.38%
% of Gross Profit 65.38% 72.58% 75.92%
Research & Development $994.0K $1.635M $1.331M
YoY Change -25.32% 22.84% 44.67%
% of Gross Profit 1.6% 1.45% 1.14%
Depreciation & Amortization $3.385M $3.385M $2.884M
YoY Change 17.37% 17.37% 165.56%
% of Gross Profit 5.43% 3.0% 2.48%
Operating Expenses $41.72M $83.49M $89.77M
YoY Change -53.53% -35.95% 9.77%
Operating Profit $20.57M $29.29M $26.73M
YoY Change -23.02% 9.57% -26.35%
Interest Expense -$29.00K $3.000K -$155.0K
YoY Change -81.29% -96.77% -152.36%
% of Operating Profit -0.14% 0.01% -0.58%
Other Income/Expense, Net $1.209M $1.301M $282.0K
YoY Change 328.72% 924.41% -210.59%
Pretax Income $21.75M $30.59M $26.85M
YoY Change -18.99% 13.91% -26.08%
Income Tax $25.00K $61.00K $413.0K
% Of Pretax Income 0.11% 0.2% 1.54%
Net Earnings $21.73M $30.48M $26.89M
YoY Change -19.19% 13.34% -23.8%
Net Earnings / Revenue 25.6% 20.01% 17.12%
Basic Earnings Per Share $3.53
Diluted Earnings Per Share $2.23 $3.53 $0.39
COMMON SHARES
Basic Shares Outstanding 10.07M shares 8.638M shares 68.12M shares
Diluted Shares Outstanding 8.635M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $194.2M $194.2M $70.48M
YoY Change 175.57% 175.57% -8.82%
Cash & Equivalents $194.5M $70.48M
Short-Term Investments $0.00
Other Short-Term Assets $33.73M $33.73M $15.33M
YoY Change 120.07% 120.07% 16.99%
Inventory
Prepaid Expenses $15.33M
Receivables $78.91M $78.91M $98.03M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $306.9M $306.9M $183.8M
YoY Change 66.92% 66.92% 19.74%
LONG-TERM ASSETS
Property, Plant & Equipment $462.0K $462.0K $160.0K
YoY Change 188.75% -49.23% -89.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $41.00K $41.00K $1.000K
YoY Change 4000.0% -95.5% -100.0%
Total Long-Term Assets $20.76M $20.76M $22.12M
YoY Change -6.15% -6.15% -46.87%
TOTAL ASSETS
Total Short-Term Assets $306.9M $306.9M $183.8M
Total Long-Term Assets $20.76M $20.76M $22.12M
Total Assets $327.6M $327.6M $206.0M
YoY Change 59.07% 59.07% 5.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.599M $9.599M $6.405M
YoY Change 49.87% 49.87% -50.26%
Accrued Expenses $29.74M $29.74M -$5.845M
YoY Change -608.83% -608.83% -138.48%
Deferred Revenue $130.0K $147.0K
YoY Change -11.56%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.216M $4.216M $4.421M
YoY Change -4.64% -4.64% -11.54%
Total Short-Term Liabilities $46.22M $46.22M $32.90M
YoY Change 40.46% 40.46% -4.79%
LONG-TERM LIABILITIES
Long-Term Debt $1.408M $1.408M $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $557.0K
YoY Change -100.0% -100.0% -51.61%
Total Long-Term Liabilities $1.408M $1.408M $557.0K
YoY Change 152.78% 152.78% -51.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.22M $46.22M $32.90M
Total Long-Term Liabilities $1.408M $1.408M $557.0K
Total Liabilities $47.70M $47.70M $33.46M
YoY Change 42.57% 42.25% -7.73%
SHAREHOLDERS EQUITY
Retained Earnings $181.2M $150.7M
YoY Change 20.23% 21.54%
Common Stock $10.00K $7.000K
YoY Change 42.86% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $279.9M $279.9M $172.4M
YoY Change
Total Liabilities & Shareholders Equity $327.6M $327.6M $206.0M
YoY Change 59.07% 59.07% 5.53%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income $21.73M $30.48M $26.89M
YoY Change -19.19% 13.34% -23.8%
Depreciation, Depletion And Amortization $3.385M $3.385M $2.884M
YoY Change 17.37% 17.37% 165.56%
Cash From Operating Activities $14.99M $42.17M $38.37M
YoY Change -60.92% 444.95% -34.24%
INVESTING ACTIVITIES
Capital Expenditures $3.000K $3.000K $7.989M
YoY Change -99.96% -99.96% -392.85%
Acquisitions
YoY Change
Other Investing Activities $60.00K $0.00 $383.0K
YoY Change -84.33% -5571.43%
Cash From Investing Activities $57.00K -$3.000K -$7.606M
YoY Change -100.75% -99.96% 178.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $79.21M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 22.01M 82.02M -334.0K
YoY Change -6690.12% 16045.87% -144.12%
NET CHANGE
Cash From Operating Activities 14.99M 42.17M 38.37M
Cash From Investing Activities 57.00K -3.000K -7.606M
Cash From Financing Activities 22.01M 82.02M -334.0K
Net Change In Cash 37.06M 124.2M 30.43M
YoY Change 21.81% -1921.0% -46.02%
FREE CASH FLOW
Cash From Operating Activities $14.99M $42.17M $38.37M
Capital Expenditures $3.000K $3.000K $7.989M
Free Cash Flow $14.99M $42.17M $30.38M
YoY Change -50.65% -16968.4% -50.26%

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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-14781000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
172503000 usd
CY2023 gsmg Contribution From Shareholder
ContributionFromShareholder
-791000 usd
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
80000000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
30528000 usd
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2233000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
280007000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
30528000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
26440000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
35352000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2096000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
440000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-268000 usd
CY2023 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
112000 usd
CY2022 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
770000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3385000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2884000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2090000 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
394000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
454000 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
426000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
63000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-53000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
713000 usd
CY2021 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
4000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
391000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
181000 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-2000 usd
CY2021 us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
26000 usd
CY2023 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-16000 usd
CY2022 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-76000 usd
CY2021 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-104000 usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-86000 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
62000 usd
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-809000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-15205000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
42105000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-19904000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
22270000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-16872000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10681000 usd
CY2023 gsmg Increase Decrease Unamortized Produced Content
IncreaseDecreaseUnamortizedProducedContent
-682000 usd
CY2022 gsmg Increase Decrease Unamortized Produced Content
IncreaseDecreaseUnamortizedProducedContent
-170000 usd
CY2021 gsmg Increase Decrease Unamortized Produced Content
IncreaseDecreaseUnamortizedProducedContent
537000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3325000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5576000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4750000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-14000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-356000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-87000 usd
CY2023 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-370000 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
565000 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-9236000 usd
CY2023 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
9477000 usd
CY2022 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
7346000 usd
CY2021 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
4964000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-371000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-641000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-389000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42174000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7739000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
46455000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
72000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
7964000 usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2718000 usd
CY2021 gsmg Cash Disposed For Sales Of Subsidiaries
CashDisposedForSalesOfSubsidiaries
12000 usd
CY2021 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-1751000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7989000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1051000 usd
CY2023 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
4660000 usd
CY2022 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
6096000 usd
CY2021 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
5114000 usd
CY2023 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
4802000 usd
CY2022 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
6244000 usd
CY2021 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
6818000 usd
CY2023 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
1412000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
58000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
87000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
68000 usd
CY2023 gsmg Proceeds From Related Party Debts
ProceedsFromRelatedPartyDebts
-791000 usd
CY2022 gsmg Proceeds From Related Party Debts
ProceedsFromRelatedPartyDebts
743000 usd
CY2023 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
1600000 usd
CY2021 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
232000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
80000000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15290000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
82021000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
508000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13286000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-149000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-7078000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
881000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
124043000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6820000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
59571000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
70482000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
77302000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17731000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
194525000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
70482000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
77302000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
271000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
247000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
336000 usd
CY2023 gsmg Acquisition Of Intangible Assets From Prepayments
AcquisitionOfIntangibleAssetsFromPrepayments
4464000 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
194227000 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
70482000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
298000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
194525000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
70482000 usd
CY2023Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.0001
CY2023Q4 gsmg Authorized Share Capital
AuthorizedShareCapital
20200 usd
CY2023Q4 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
20000000 shares
CY2023Q4 us-gaap Preferred Stock Dividends Shares
PreferredStockDividendsShares
2000000 shares
CY2023 gsmg Description Of Option Agreement Term
DescriptionOfOptionAgreementTerm
The term of each of these exclusive option agreements is 10 years and will be extended automatically for successive 5-year terms except where WFOE provides prior written notice otherwise.
CY2023 gsmg Description Of Master Exclusive Service Agreement
DescriptionOfMasterExclusiveServiceAgreement
The term of each of these exclusive service agreements are perpetual unless terminated by WFOE upon thirty (30) advance notice, or upon the transfer of all shares of the respective VIEs to WFOE (or its designee) 10 years under the Option Agreement.
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif"><i>Use of estimates</i></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The preparation of financial statements in conformity with U.S. GAAP requires to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period and accompanying notes, including allowance for doubtful accounts, allowance for unamortized production content, the useful lives of property, plant and equipment and intangible assets, impairment of long-lived assets, valuation allowance for deferred tax assets and revenue recognition. Actual results could differ from those estimates.</span></p>
CY2023 us-gaap Dividends Cash
DividendsCash
298000 usd
CY2023 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
25514000 usd
CY2022 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
128000 usd
CY2021 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
7375000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
112000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
770000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
130000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
147000 usd
CY2023 gsmg Description Of Term
DescriptionOfTerm
Payment terms and conditions vary by contract types, and terms typically include a requirement for payment within a period from 6 to 9 months
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
152327000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
157079000 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
153012000 usd
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
152327000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
157079000 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
153012000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif"><i>Concentration and Credit Risk</i></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Financial instruments that potentially subject the Company to concentrations of credit risk are cash and cash equivalents, and accounts receivable arising from its normal business activities. The Company places its cash and cash equivalents in what it believes to be credit-worthy financial institutions.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The Company’s operations are carried out in the PRC. Accordingly, our business, financial condition, and results of operations may be influenced by the political, economic, and legal environment in the PRC, and by the general state of the economy of the PRC. Our operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things. Financial instruments which potentially subject us to concentrations of credit risk consist principally of cash and cash equivalent. All of our cash is maintained with state-owned banks, commercial banks or third-party service provider certified by the People’s bank of China, such as Alipay, within the PRC. Per PRC regulations, the maximum insured bank deposit amount is RMB500,000 (approximately $70,400) for each financial institution. The Company’s total unprotected cash held in bank amounted to approximately $194,081 and $70,199 as of December 31, 2023 and 2022, respectively. The Company has not experienced any losses in such accounts and believes the Company is not exposed to any risks on our cash held in bank accounts.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Accounts receivable are typically unsecured and derived from revenue earned from customers, thereby exposed to credit risk. The risk is mitigated by the Company’s assessment of its customers’ creditworthiness and its ongoing monitoring of outstanding balances.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The Company’s sales are made to customers that are located primarily in China. The Company has a concentration of its revenues and receivables with specific customers. For the year ended December 31, 2023, four customers accounted for 25%, 17%, 13% and 12% of the Company’s total revenue, respectively. For the year ended December 31, 2022, four customers accounted for 21%, 18%, 18% and 15% of the Company’s total revenue, respectively. For the year ended December 31, 2021, four customers accounted for 20%, 17%,16% and 12% of the Company’s total revenue, respectively.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">As of December 31, 2023, six customers accounted for 23%, 16%, 15% 14% 12% and 11% of the net accounts receivable balance, respectively. As of December 31, 2022, four customers accounted for 27%, 19%,11% and 10% of the net accounts receivable balance, respectively.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">As of December 31, 2023, four vendors accounted for 50%, 21%, 12% and 11% of the accounts payable, respectively. As of December 31, 2022, four vendors accounted for 30%, 22%, 17% and 10% of the accounts payable, respectively.</span></p>
CY2023Q4 us-gaap Deposits
Deposits
500000 cny
CY2023Q4 us-gaap Deposits
Deposits
70400000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1006000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
635000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
886000 usd
CY2023 gsmg Temporary Equity Foreign Currency Translation Adjustments Per Share
TemporaryEquityForeignCurrencyTranslationAdjustmentsPerShare
7.0999
CY2023 gsmg Temporary Equity Foreign Currency Translation Adjustments Per Share
TemporaryEquityForeignCurrencyTranslationAdjustmentsPerShare
1
CY2022 gsmg Temporary Equity Foreign Currency Translation Adjustments Per Share
TemporaryEquityForeignCurrencyTranslationAdjustmentsPerShare
6.9646
CY2022 gsmg Temporary Equity Foreign Currency Translation Adjustments Per Share
TemporaryEquityForeignCurrencyTranslationAdjustmentsPerShare
1
CY2023 gsmg Temporary Foreign Currency Translation Rate Per Share
TemporaryForeignCurrencyTranslationRatePerShare
7.0809
CY2023 gsmg Temporary Foreign Currency Translation Rate Per Share
TemporaryForeignCurrencyTranslationRatePerShare
1
CY2022 gsmg Temporary Foreign Currency Translation Rate Per Share
TemporaryForeignCurrencyTranslationRatePerShare
6.7261
CY2022 gsmg Temporary Foreign Currency Translation Rate Per Share
TemporaryForeignCurrencyTranslationRatePerShare
1
CY2021 gsmg Temporary Foreign Currency Translation Rate Per Share
TemporaryForeignCurrencyTranslationRatePerShare
6.4531
CY2021 gsmg Temporary Foreign Currency Translation Rate Per Share
TemporaryForeignCurrencyTranslationRatePerShare
1
CY2023Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
81990000 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
99040000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
820000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1006000 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
81170000 usd
CY2022Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
98034000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
987000 usd
CY2023 gsmg Provision For Doubtful Account
ProvisionForDoubtfulAccount
-167000 usd
CY2022 gsmg Provision For Doubtful Account
ProvisionForDoubtfulAccount
440000 usd
CY2021 gsmg Provision For Doubtful Account
ProvisionForDoubtfulAccount
-268000 usd
CY2023 us-gaap Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
ExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-19000 usd
CY2022 us-gaap Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
ExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-69000 usd
CY2021 us-gaap Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
ExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
17000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
820000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1006000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
635000 usd
CY2023Q4 gsmg Advances To Vendors
AdvancesToVendors
33295000 usd
CY2022Q4 gsmg Advances To Vendors
AdvancesToVendors
15272000 usd
CY2022Q4 gsmg Prepayment For Outsourced Production Cost
PrepaymentForOutsourcedProductionCost
36000 usd
CY2023Q4 gsmg Staff Advance
StaffAdvance
98000 usd
CY2022Q4 gsmg Staff Advance
StaffAdvance
14000 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
43000 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
8000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
33736000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
15330000 usd
CY2023Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
2257000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
31179000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
15330000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
31179000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
15329000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
1000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
2263000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1072000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1116000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
956000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
85000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
160000 usd
CY2023 us-gaap Depreciation
Depreciation
74000 usd
CY2022 us-gaap Depreciation
Depreciation
90000 usd
CY2021 us-gaap Depreciation
Depreciation
82000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
30187000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
27055000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9932000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6758000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
20255000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
20297000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P7Y
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3311000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2794000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2008000 usd
CY2023Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1233000 usd
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1444000 usd
CY2023Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
2531000 usd
CY2022Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
720000 usd
CY2022Q4 gsmg Payable To Merchants Of Cheers E Mall
PayableToMerchantsOfCheersEMall
1000 usd
CY2022Q4 gsmg Coinvest Online Series Production Fund
CoinvestOnlineSeriesProductionFund
467000 usd
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
3764000 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
2632000 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
22916000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
15266000 usd
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2455000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2505000 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
2791000 usd
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
1319000 usd
CY2023Q4 gsmg Other Taxes
OtherTaxes
16000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
28178000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
19090000 usd
CY2023Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
4216000 usd
CY2022Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
4421000 usd
CY2023Q4 us-gaap Longterm Construction Loan Current And Noncurrent
LongtermConstructionLoanCurrentAndNoncurrent
1408000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1408000 usd
CY2023Q4 us-gaap Loans From Other Federal Home Loan Banks
LoansFromOtherFederalHomeLoanBanks
4660000 usd
CY2023Q4 us-gaap Line Of Credit Facility Capacity Available For Specific Purpose Other Than For Trade Purchases
LineOfCreditFacilityCapacityAvailableForSpecificPurposeOtherThanForTradePurchases
4802000 usd
CY2022Q4 us-gaap Loans From Other Federal Home Loan Banks
LoansFromOtherFederalHomeLoanBanks
6096000 usd
CY2022Q4 us-gaap Line Of Credit Facility Capacity Available For Specific Purpose Other Than For Trade Purchases
LineOfCreditFacilityCapacityAvailableForSpecificPurposeOtherThanForTradePurchases
6244000 usd
CY2021Q4 us-gaap Line Of Credit Facility Capacity Available For Specific Purpose Other Than For Trade Purchases
LineOfCreditFacilityCapacityAvailableForSpecificPurposeOtherThanForTradePurchases
6818000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
377000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
750000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
330000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
208000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
471000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
330000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
679000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y29D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0555 pure
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
363000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
454000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
535000 usd
CY2023Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.5
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
30589000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
26853000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
36328000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.25 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.25 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.25 pure
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
7647000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
6713000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
9082000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
385000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
11000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
96000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
11953000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
567000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-22000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
16000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-203000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-19902000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-6894000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-7999000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
61000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
413000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
976000 usd
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.002 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0154 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0269 pure
CY2023 gsmg Tax Rate Amounted
TaxRateAmounted
21841000 usd
CY2022 gsmg Tax Rate Amounted
TaxRateAmounted
6894000 usd
CY2021 gsmg Tax Rate Amounted
TaxRateAmounted
7999000 usd
CY2023 gsmg Effective Income Tax Rate Per Share
EffectiveIncomeTaxRatePerShare
2.5
CY2022 gsmg Effective Income Tax Rate Per Share
EffectiveIncomeTaxRatePerShare
1
CY2021 gsmg Effective Income Tax Rate Per Share
EffectiveIncomeTaxRatePerShare
1.2
CY2023 gsmg Withholding Income Tax Rate
WithholdingIncomeTaxRate
0.10 pure
CY2023 gsmg Subject To Withholding Tax Rate
SubjectToWithholdingTaxRate
0.05 pure
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
41000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
103000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
41000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
103000 usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
200 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
30.1
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
200 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
30.1
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
200 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.7
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
200 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
9.7
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4000 usd
CY2023 gsmg Underwriting Agreement Description
UnderwritingAgreementDescription
On February 22, 2021, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with Univest Securities, LLC (“Univest”), as the representative of the several underwriters named therein (collectively, the “Underwriters”), pursuant to which the Company agreed to issue and sell (i) 381,098 ordinary shares of the Company (“Offered Shares”) (after giving effect to share consolidation effected in November 2023), par value of $0.001 per share (the “Ordinary Shares”) and (ii) warrants (the “Warrants”) to purchase an aggregate of 381,098 Ordinary Shares (the “Warrant Shares”) (after giving effect to share consolidation effected in November 2023) in an underwritten public offering (the “Offering”). In addition, the Company has granted the Underwriters a 45-day option (the “Over-Allotment Option”) to purchase up to an additional 57,165 Ordinary Shares (the “Option Shares”) (after giving effect to share consolidation effected in November 2023) and Warrants to purchase up to 57,165 Ordinary Shares (after giving effect to share consolidation effected in November 2023) at the public offering price, less underwriting discounts and commissions. The Offered Shares and Warrants are delivered on February 24, 2021, at a public offering price of $32.8 per share (after giving effect to share consolidation effected in November 2023) and associated warrant to purchase one ordinary share, as set forth in the Underwriting Agreement, subject to the satisfaction of certain closing conditions.
CY2021Q2 gsmg Issuance Of Additional Shares
IssuanceOfAdditionalShares
500000 shares
CY2021Q3 gsmg Sale Of Ordinary Shares
SaleOfOrdinaryShares
285714 shares
CY2021Q3 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
10000000000 usd
CY2021Q3 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
44
CY2021Q3 gsmg Fixed Combined Purchase Price
FixedCombinedPurchasePrice
35
CY2021Q3 gsmg Purchase Of Additional Ordinary Shares
PurchaseOfAdditionalOrdinaryShares
57143 shares
CY2021Q3 gsmg Warrants To Purchase Ordinary Shares
WarrantsToPurchaseOrdinaryShares
57143 shares
CY2022Q2 gsmg Ordinary Shares Vested
OrdinarySharesVested
200 shares
CY2023Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
15.5
CY2023Q2 gsmg Gross Proceeds
GrossProceeds
60000000000 usd
CY2023Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
24.8
CY2023Q3 gsmg Gross Proceeds
GrossProceeds
20000000000 usd
CY2023 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
31766 shares
CY2023 gsmg Public Warrants Year
PublicWarrantsYear
P5Y
CY2023 gsmg Public Warrants Description
PublicWarrantsDescription
The Company may redeem the Public Warrants: ●in whole and not in part; ●at a price of $0.01 per warrant; ●at any time while the Public Warrants are exercisable; ●upon no less than 30 days’ prior written notice of redemption to each Public Warrant holder; ●if, and only if, the reported last sale price of the Company’s ordinary shares equals or exceeds $18.00 per share, for any 20 trading days within a 30 trading day period ending on the third business day prior to the notice of redemption to the warrant holders; and ●if, and only if, there is a current registration statement in effect with respect to the ordinary shares underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption.
CY2023 gsmg Issued Exchange Of Public Rights
IssuedExchangeOfPublicRights
250433 shares
CY2023 gsmg Net Profit Percentage
NetProfitPercentage
0.10 pure
CY2023 gsmg Statutory Reserve Capital Percentage
StatutoryReserveCapitalPercentage
0.50 pure
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
CY2023Q4 gsmg Prepayment For Outsourced Production Cost
PrepaymentForOutsourcedProductionCost
usd
CY2022Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
usd
CY2023 gsmg Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Stock Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsStockPrice
2.87
CY2022 gsmg Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Stock Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsStockPrice
14.6
CY2021 gsmg Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Stock Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsStockPrice
11.8
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice
115
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice
115
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice
115
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0423 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0439 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0099 pure
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P1Y1M13D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y1M13D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y1M13D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.951 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.60 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.483 pure
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segments
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
152327000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
157079000 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
153012000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
29285000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
26726000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
36287000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7056000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
usd
CY2023Q4 gsmg Payable To Merchants Of Cheers E Mall
PayableToMerchantsOfCheersEMall
usd
CY2023Q4 gsmg Coinvest Online Series Production Fund
CoinvestOnlineSeriesProductionFund
usd
CY2022Q4 gsmg Other Taxes
OtherTaxes
usd
CY2022Q4 us-gaap Longterm Construction Loan Current And Noncurrent
LongtermConstructionLoanCurrentAndNoncurrent
usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
usd
CY2023 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
usd
CY2023Q4 gsmg Unamortized Produced Content Net
UnamortizedProducedContentNet
usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
usd
CY2022Q4 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
usd
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
usd
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.83
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.95
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.40
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6538118 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6812387 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8635241 shares
CY2021 gsmg Shares On Earns Out
SharesOnEarnsOut
usd
CY2021 gsmg Appropriation To Statutory Reserve
AppropriationToStatutoryReserve
usd
CY2022 gsmg Appropriation To Statutory Reserve
AppropriationToStatutoryReserve
usd
CY2021 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
usd
CY2023 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
usd
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
CY2023 us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
usd
CY2022 us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
usd
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
CY2023 gsmg Cash Disposed For Sales Of Subsidiaries
CashDisposedForSalesOfSubsidiaries
usd
CY2022 gsmg Cash Disposed For Sales Of Subsidiaries
CashDisposedForSalesOfSubsidiaries
usd
CY2023 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
usd
CY2022 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
usd
CY2022 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
usd
CY2021 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
usd
CY2021 gsmg Proceeds From Related Party Debts
ProceedsFromRelatedPartyDebts
usd
CY2022 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
usd
CY2021 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
usd
CY2023 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
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ea0200880-20f_cheerhold.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
gsmg-20231231.xsd Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable