v3.25.4
BALANCE SHEET COMPONENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Balance Sheet Related Disclosures [Abstract]  
Schedule of Cash and Cash Equivalents
A reconciliation of the Company’s cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows as of December 31, 2025, and 2024 is as follows:
 Year Ended December 31,
(in thousands)20252024
Cash and cash equivalents$18,318 $7,826 
Restricted cash60 125 
Cash, cash equivalents and restricted cash$18,378 $7,951 
Restrictions on Cash and Cash Equivalents
A reconciliation of the Company’s cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows as of December 31, 2025, and 2024 is as follows:
 Year Ended December 31,
(in thousands)20252024
Cash and cash equivalents$18,318 $7,826 
Restricted cash60 125 
Cash, cash equivalents and restricted cash$18,378 $7,951 
Schedule of Fair Values of Securities Investments As of December 31, 2025, and December 31, 2024, the fair value of the Company’s securities investments was as follows:
December 31, 2025December 31, 2024
(in thousands)
Cash and
Cash
Equivalents
Short-term
Investments
Investments
(non-current)
Total
Cash and
Cash
Equivalents
Short-term
Investments
Investments
(non-current)
Total
       
Level 1 Securities
Money market funds$10,842 $— $— $10,842 $3,512 $— $— $3,512 
Certificate of deposit— — — — — 9,000 — — 
Mutual funds— — 76 76 — — — — 
U.S. government securities250 — — 250 — 1,495 — 1,495 
Total Level 1 Securities11,092 — 76 11,168 3,512 10,495 — 14,007 
Level 2 Securities        
Corporate debt securities4,234 8,964 — 13,198 649 13,736 7,459 21,844 
Total Level 2 Securities4,234 8,964 — 13,198 649 13,736 7,459 21,844 
Total$15,326 $8,964 $76 $24,366 $4,161 $24,231 $7,459 $35,851 
Schedule of Debt Securities
The following table provides the amortized cost and estimated fair value of investments with fixed maturities as of December 31, 2025:
December 31, 2025
(in thousands)
Amortized
Cost
Gross
 Unrealized
 Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Debt Securities:
Corporate Debt Securities$13,200 $— $(2)$13,198 
U.S. Government Debt Securities250 — — 250 
$13,450 $— $(2)$13,448 
Schedule of Debt Securities by Contractual Maturity
The following table provides the amortized cost and estimated fair value of investments with fixed maturities as December 31, 2025:
December 31, 2025
(in thousands)
Amortized
Cost
Estimated Fair
Value
Due in one year or less$13,450 $13,448 
Total$13,450 $13,448 
Accounts Receivable, Allowance for Credit Loss
The following table summarizes the activity in the allowance for credit losses for the years ended December 31, 2025 and 2024, which reflects management’s estimate of expected credit losses over the contractual life of the Company's accounts receivable.
(in thousands)20252024
Balance at beginning of period$243 $458 
Provisions for credit losses12 240 
Write-offs charged against the allowance(77)(241)
Recoveries of amounts previously written off(171)(214)
Balance at end of period$7 $243 
Schedule Of Content Assets
As of December 31, 2025, and 2024, content assets, net consisted of the following:
Year Ended December 31,
(in thousands)20252024
   
Licensed content, net
Released, less amortization and impairment$9,307 $10,190 
Prepaid and unreleased11,209 3,139 
Total licensed content, net20,516 13,329 
Produced content, net
Released, less amortization and impairment10,292 17,717 
In production192 465 
Total produced content, net10,484 18,182 
Total content assets, net$31,000 $31,511 
Schedule of Amortized Licensed Content Costs and Produced Content Costs For the years ended December 31, 2025, and 2024, content amortization was as follows:
Year Ended December 31,
(in thousands)20252024
  
Licensed content$7,546 $8,203 
Produced content6,965 10,927 
Total
$14,511 $19,130 
Schedule of Accrued Expenses and Liabilities
Accrued expenses and other liabilities consisted of the following as of December 31, 2025, and December 31, 2024:
Year Ended December 31,
(in thousands)20252024
Accrued payroll and benefits$4,964 $2,540 
Accrued revenue share3,846 956 
Sales & Income Tax liabilities935 946 
Accrued royalties452 53 
Operating lease liabilities428 396 
Dividends payable408 1,415 
Other accrued expenses1,061 697 
Total$12,094 $7,003 
Schedule of Property and Equipment
As of December 31, 2025, and 2024, property and equipment, summarized by major classifications, were as follows:
Estimated
Useful Life
(in Years)		Year Ended December 31,
(in thousands)20252024
  
Furniture and fixtures
10 to 15
$98 $101 
Equipment5942 1,040 
Computer and software
3 to 5
379 470 
Website and application development3— 37 
Leasehold improvementsLesser of lease term or lives703 703 
Work-in-progress—— 77 
Property and equipment, gross2,122 2,428 
Less accumulated depreciation and amortization1,718 1,908 
Property and equipment, net$404 $520 
Schedule of Private Placement Warrants
The following table presents the fair value of the warrant liability as of December 31, 2024:
As of December 31,
(in thousands)2024
Level 3
Private Placement Warrants$88 
Total Level 3$88