$TOON
Kartoon Studios, Inc.

2021 Form 10-K Financial Statement

#000168316822002385 Filed on April 06, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $7.873M $1.310M $2.480M
YoY Change 217.46% 74.67% -58.04%
Cost Of Revenue $21.99M $1.240M $2.120M
YoY Change 937.12% 93.75% -53.61%
Gross Profit -$14.11M $80.00K $360.0K
YoY Change -4020.56% -27.27% -73.13%
Gross Profit Margin -179.27% 6.11% 14.52%
Selling, General & Admin $41.41M $10.46M $18.24M
YoY Change 127.02% 388.79% 132.36%
% of Gross Profit 13075.0% 5066.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.44M $580.0K $1.360M
YoY Change 1402.57% 31.82% -47.08%
% of Gross Profit 725.0% 377.78%
Operating Expenses $41.41M $10.45M $18.25M
YoY Change 126.9% 388.32% 132.48%
Operating Profit -$55.52M -$10.37M -$17.89M
YoY Change 210.36% 410.84% 174.81%
Interest Expense -$222.0K -$10.00K -$1.180M
YoY Change -81.19% -90.91% 45.68%
% of Operating Profit
Other Income/Expense, Net -$62.39M -$180.0K -$210.4M
YoY Change -70.35% 157.14% -78037.04%
Pretax Income -$126.4M -$10.57M -$401.7M
YoY Change -68.54% 380.45% 3398.87%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$126.4M -$10.57M -$401.7M
YoY Change -68.54% 380.45% 3398.87%
Net Earnings / Revenue -1605.07% -806.87% -16196.37%
Basic Earnings Per Share -$4.24
Diluted Earnings Per Share -$424.5K -$42.89K -$2.820M
COMMON SHARES
Basic Shares Outstanding 29.75M shares
Diluted Shares Outstanding 29.75M shares

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $114.6M $100.5M $100.5M
YoY Change 14.01% 33400.0% 33400.0%
Cash & Equivalents $2.058M $100.5M $100.5M
Short-Term Investments $112.5M
Other Short-Term Assets $11.73M $6.400M $6.400M
YoY Change 83.23% 3100.0% 3100.0%
Inventory $0.00 $0.00
Prepaid Expenses
Receivables $7.632M $1.700M $1.700M
Other Receivables $2.245M $0.00 $0.00
Total Short-Term Assets $136.2M $108.6M $108.6M
YoY Change 25.4% 2260.87% 2260.87%
LONG-TERM ASSETS
Property, Plant & Equipment $3.234M $2.100M $2.100M
YoY Change 54.0% -48.78% -48.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $6.695M $1.300M $1.300M
YoY Change 415.0%
Other Assets $69.00K $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Assets $37.90M $25.60M $25.60M
YoY Change 48.04% 3.23% 3.23%
TOTAL ASSETS
Total Short-Term Assets $136.2M $108.6M $108.6M
Total Long-Term Assets $37.90M $25.60M $25.60M
Total Assets $174.1M $134.2M $134.2M
YoY Change 29.72% 356.46% 356.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.192M $800.0K $800.0K
YoY Change 799.0% -11.11% -11.11%
Accrued Expenses $3.731M $408.5K $1.300M
YoY Change 187.0% -59.15% 30.0%
Deferred Revenue
YoY Change
Short-Term Debt $6.392M $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $28.00K
YoY Change
Total Short-Term Liabilities $21.13M $7.200M $7.200M
YoY Change 193.49% -13.25% -13.25%
LONG-TERM LIABILITIES
Long-Term Debt $82.00K $1.100M $1.100M
YoY Change -92.55% -64.52% -64.52%
Other Long-Term Liabilities $8.217M $6.700M $6.700M
YoY Change 22.64% -24.72% -24.72%
Total Long-Term Liabilities $8.299M $7.800M $7.800M
YoY Change 6.4% -35.0% -35.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.13M $7.200M $7.200M
Total Long-Term Liabilities $8.299M $7.800M $7.800M
Total Liabilities $31.35M $15.00M $15.00M
YoY Change 109.03% -26.11% -26.11%
SHAREHOLDERS EQUITY
Retained Earnings -$469.6M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $142.7M $119.2M $119.2M
YoY Change
Total Liabilities & Shareholders Equity $174.1M $134.2M $134.2M
YoY Change 29.72% 356.46% 356.46%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income -$126.4M -$10.57M -$401.7M
YoY Change -68.54% 380.45% 3398.87%
Depreciation, Depletion And Amortization $20.44M $580.0K $1.360M
YoY Change 1402.57% 31.82% -47.08%
Cash From Operating Activities -$23.74M -$2.520M -$8.054M
YoY Change 194.8% 56.52% 28.86%
INVESTING ACTIVITIES
Capital Expenditures -$1.310M -$50.00K -$100.0K
YoY Change 1210.0% 233.33%
Acquisitions $0.00
YoY Change
Other Investing Activities -$126.1M -$800.0K -$1.300M
YoY Change 9603.54%
Cash From Investing Activities -$127.5M -$850.0K -$1.400M
YoY Change 9004.0% 4566.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 60.82M 53.37M 109.4M
YoY Change -44.41% 4037.21% 3025.71%
NET CHANGE
Cash From Operating Activities -$23.74M -2.520M -$8.054M
Cash From Investing Activities -127.5M -850.0K -1.400M
Cash From Financing Activities 60.82M 53.37M 109.4M
Net Change In Cash -$23.74M 50.00M -$8.054M
YoY Change 194.8% -15725.0% 189.71%
FREE CASH FLOW
Cash From Operating Activities -$23.74M -$2.520M -$8.054M
Capital Expenditures -$1.310M -$50.00K -$100.0K
Free Cash Flow -$22.43M -$2.470M -$7.954M
YoY Change 182.03% 53.42% 27.88%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2020 gnus Value Of Preferred Stock Conversion
ValueOfPreferredStockConversion
USD
CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-126367000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-401670000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-23743000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8054000 USD
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-595848000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-469557000 USD
CY2021Q4 us-gaap Assets Current
AssetsCurrent
136185000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2058000 USD
CY2021Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
112523000 USD
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
21131000 USD
CY2020 gnus Income Tax Reconciliation Non Us Operations
IncomeTaxReconciliationNonUSOperations
USD
CY2021Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
1733000 USD
CY2020Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
0 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
535 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
408 USD
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
799 USD
CY2020Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
429 USD

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