Schedule of Segment Reporting Information, by Segment [Table Text Block] |
Results
are not necessarily those which would be achieved if each segment was an unaffiliated business enterprise. Information by segment and
a reconciliation to reported amounts for the three and six months ended June 30, 2025 and 2024 and as of June 30, 2025 and December 31,
2024 are as follows (in thousands):
| |
Three Months Ended June 30, | |
| |
2025 | | |
2024 | |
| |
TCP | | |
Costumes | | |
Total | | |
TCP | | |
Costumes | | |
Total | |
Net Sales | |
$ | 80,379 | | |
$ | 38,715 | | |
$ | 119,094 | | |
$ | 104,570 | | |
$ | 44,049 | | |
$ | 148,619 | |
Cost of Sales (A) | |
| 53,293 | | |
| 26,778 | | |
| 80,071 | | |
| 67,519 | | |
| 33,515 | | |
| 101,034 | |
Gross Profit | |
| 27,086 | | |
| 11,937 | | |
| 39,023 | | |
| 37,051 | | |
| 10,534 | | |
| 47,585 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Direct selling expenses | |
| 4,987 | | |
| 1,723 | | |
| 6,710 | | |
| 4,179 | | |
| 2,076 | | |
| 6,255 | |
Product development and testing expenses | |
| 2,180 | | |
| 889 | | |
| 3,069 | | |
| 2,053 | | |
| 1,346 | | |
| 3,399 | |
Divisional general and administrative expenses (A), (B) | |
| 5,805 | | |
| 2,956 | | |
| 8,761 | | |
| 6,826 | | |
| 2,536 | | |
| 9,362 | |
Allocated headquarter general & administrative expenses (A), (C) | |
| 15,782 | | |
| 7,484 | | |
| 23,266 | | |
| 14,283 | | |
| 6,643 | | |
| 20,926 | |
Income (loss) from operations | |
| (1,668 | ) | |
| (1,115 | ) | |
| (2,783 | ) | |
| 9,710 | | |
| (2,067 | ) | |
| 7,643 | |
Other income (expense), net | |
| | | |
| | | |
| 25 | | |
| | | |
| | | |
| 72 | |
Loss on debt extinguishment | |
| | | |
| | | |
| (417 | ) | |
| | | |
| | | |
| — | |
Interest income | |
| | | |
| | | |
| 395 | | |
| | | |
| | | |
| 88 | |
Interest expense | |
| | | |
| | | |
| (145 | ) | |
| | | |
| | | |
| (256 | ) |
Income (loss) before provision for (benefit from) income taxes | |
| | | |
| | | |
$ | (2,925 | ) | |
| | | |
| | | |
$ | 7,547 | |
(A) Includes depreciation
and amortization | | $ | 1,858 | | | $ | 42 | | | $ | 1,900 | | | $ | 2,095 | | | $ | 39 | | | $ | 2,134 | |
(B) | Consist mainly of payroll and related expenses, rent, depreciation and other general and administrative expenses. |
(C) | Consist mainly of payroll related expenses, rent, depreciation and other general and administrative expenses. |
| |
Six Months Ended June 30, | |
| |
2025 | | |
2024 | |
| |
TCP | | |
Costumes | | |
Total | | |
TCP | | |
Costumes | | |
Total | |
Net Sales | |
$ | 187,817 | | |
$ | 44,530 | | |
$ | 232,347 | | |
$ | 187,480 | | |
$ | 51,215 | | |
$ | 238,695 | |
Cost of Sales (A) | |
| 122,532 | | |
| 31,779 | | |
| 154,311 | | |
| 132,574 | | |
| 37,484 | | |
| 170,058 | |
Gross Profit | |
| 65,285 | | |
| 12,751 | | |
| 78,036 | | |
| 54,906 | | |
| 13,731 | | |
| 68,637 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Direct selling expenses | |
| 12,954 | | |
| 2,452 | | |
| 15,406 | | |
| 11,025 | | |
| 3,327 | | |
| 14,352 | |
Product development and testing expenses | |
| 4,195 | | |
| 1,273 | | |
| 5,468 | | |
| 3,719 | | |
| 1,645 | | |
| 5,364 | |
Divisional general and administrative expenses (A), (B) | |
| 11,362 | | |
| 6,188 | | |
| 17,550 | | |
| 13,061 | | |
| 6,548 | | |
| 19,609 | |
Allocated headquarter general & administrative expenses (A), (C) | |
| 37,522 | | |
| 8,630 | | |
| 46,152 | | |
| 34,601 | | |
| 8,392 | | |
| 42,993 | |
Loss from operations | |
| (748 | ) | |
| (5,792 | ) | |
| (6,540 | ) | |
| (7,500 | ) | |
| (6,181 | ) | |
| (13,681 | ) |
Other income (expense), net | |
| | | |
| | | |
| 30 | | |
| | | |
| | | |
| 210 | |
Loss on debt extinguishment | |
| | | |
| | | |
| (417 | ) | |
| | | |
| | | |
| — | |
Interest income | |
| | | |
| | | |
| 757 | | |
| | | |
| | | |
| 464 | |
Interest expense | |
| | | |
| | | |
| (300 | ) | |
| | | |
| | | |
| (399 | ) |
Loss before benefit from income taxes | |
| | | |
| | | |
$ | (6,470 | ) | |
| | | |
| | | |
$ | (13,406 | ) |
(A) Includes depreciation and amortization | | $ | 3,409 | | | $ | 50 | | | $ | 3,459 | | | $ | 3,595 | | | $ | 53 | | | $ | 3,648 | |
(B) |
Consist
mainly of payroll and related expenses, rent, depreciation and other general and administrative expenses. |
(C) |
Consist
mainly of payroll related expenses, rent, depreciation and other general and administrative expenses. |
| |
June 30, | | |
December 31, | |
| |
2025 | | |
2024 | |
Assets | |
| | |
| |
Toys/Consumer Products | |
$ | 378,535 | | |
$ | 429,254 | |
Costumes | |
| 60,183 | | |
| 15,615 | |
| |
$ | 438,718 | | |
$ | 444,869 | |
|
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] |
Net
revenues are categorized based upon location of the customer, while long-lived assets are categorized based upon the location of the
Company’s assets. The following tables present information about the Company by geographic area as of June 30, 2025 and December
31, 2024 and for the three and six months ended June 30, 2025 and 2024 (in thousands):
| |
June 30, | | |
December 31, | |
| |
2025 | | |
2024 | |
Long-lived Assets | |
| | |
| |
United States | |
$ | 47,805 | | |
$ | 53,020 | |
China | |
| 17,576 | | |
| 13,553 | |
Hong Kong | |
| 2,093 | | |
| 582 | |
Italy | |
| 796 | | |
| 754 | |
United Kingdom | |
| 677 | | |
| 808 | |
Mexico | |
| 619 | | |
| 31 | |
Canada | |
| 103 | | |
| 107 | |
France | |
| 33 | | |
| 41 | |
| |
$ | 69,702 | | |
$ | 68,896 | |
| |
Three Months Ended | | |
Six Months Ended | |
| |
June 30, | | |
June 30, | |
| |
2025 | | |
2024 | | |
2025 | | |
2024 | |
Net Sales by Customer Area | |
| | |
| | |
| | |
| |
United States | |
$ | 86,990 | | |
$ | 125,837 | | |
$ | 175,934 | | |
$ | 196,267 | |
Europe | |
| 14,657 | | |
| 10,264 | | |
| 26,467 | | |
| 15,999 | |
Canada | |
| 8,826 | | |
| 6,288 | | |
| 12,105 | | |
| 9,658 | |
Latin America | |
| 6,047 | | |
| 3,239 | | |
| 13,506 | | |
| 11,235 | |
Asia | |
| 1,448 | | |
| 1,268 | | |
| 2,199 | | |
| 2,233 | |
Australia & New Zealand | |
| 886 | | |
| 1,607 | | |
| 1,499 | | |
| 2,953 | |
Middle East & Africa | |
| 240 | | |
| 116 | | |
| 637 | | |
| 350 | |
| |
$ | 119,094 | | |
$ | 148,619 | | |
$ | 232,347 | | |
$ | 238,695 | |
|