v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 6,943 $ 7,826
Restricted cash 60 125
Short-term investments in debt and other securities 21,190 24,236
Accounts receivable, net 11,354 6,103
Other current assets 909 1,228
Total current assets 40,456 39,518
Investments in debt securities 2,484 7,463
Investments in equity method investees 3,541 3,848
Property and equipment, net 448 520
Content assets, net 28,577 31,511
Operating lease right-of-use assets 2,915 3,065
Other assets 231 257
Total assets 78,652 86,182
Current liabilities    
Content liabilities 402 282
Accounts payable 4,964 5,608
Accrued expenses and other liabilities 9,491 7,003
Deferred revenue 9,563 10,970
Total current liabilities 24,420 23,863
Warrant liability 174 88
Non-current operating lease liabilities 3,678 3,887
Other liabilities 539 496
Total liabilities 28,811 28,334
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock, $0.0001 par value – 125,000 shares authorized as of June 30, 2025, and December 31, 2024; 57,927 shares issued as of June 30, 2025 and 56,814 issued as of December 31, 2024, including 216 treasury shares; 56,598 shares outstanding as of December 31, 2024; 57,711 shares outstanding as of June 30, 2025. 5 5
Treasury stock (251) (251)
Additional paid-in capital 368,648 366,508
Accumulated deficit (318,561) (308,414)
Total stockholders’ equity 49,841 57,848
Total liabilities and stockholders’ equity $ 78,652 $ 86,182