v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 203,228 $ 197,660
Accounts receivable, net 86,238 77,074
Prepayment and other current assets, net 34,072 30,834
Total current assets 323,538 305,568
Property, plant and equipment, net 18 33
Intangible assets, net 38,784 40,531
Deferred tax assets 77 72
Unamortized produced content, net 16 16
Right-of-use assets 316 371
Total non-current assets 39,211 41,023
TOTAL ASSETS 362,749 346,591
Current liabilities:    
Short-term bank loans 7,678 9,590
Accounts payable 1,479 2,039
Contract liabilities 31 27
Accrued liabilities and other payables 1,986 1,941
Other taxes payable 26,661 25,095
Lease liabilities current 107 109
Total current liabilities 39,042 39,901
Long-term bank loan 1,396 1,370
Lease liabilities non-current 120 250
Total non-current liabilities 1,516 1,620
TOTAL LIABILITIES 40,558 41,521
Equity    
Preferred shares (par value of $0.0001 per share; 2,000,000 shares authorized as of June 30, 2025 and December 31, 2024; nil and nil shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively)
Additional paid-in capital 113,485 113,485
Statutory reserve 1,411 1,411
Retained earnings 218,312 207,128
Accumulated other comprehensive loss (11,107) (17,041)
TOTAL CHEER HOLDING, INC SHAREHOLDERS’ EQUITY 322,111 304,993
Non-controlling interest 80 77
TOTAL EQUITY 322,191 305,070
TOTAL LIABILITIES AND EQUITY 362,749 346,591
Class A Ordinary Shares    
Equity    
Ordinary shares value 10 10
Class B Ordinary Shares    
Equity    
Ordinary shares value
Related Party    
Current liabilities:    
Due to related parties $ 1,100 $ 1,100