v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 5,379 $ 18,318
Restricted cash 60 60
Short-term investments in debt and other securities 1,496 8,966
Accounts receivable, net 6,402 8,893
Other current assets 2,994 1,198
Total current assets 16,331 37,435
Investments in debt securities 3,920 0
Investments in equity method investees 3,733 3,668
Property and equipment, net 341 404
Content assets, net 32,502 31,000
Licensing fee receivable, net of current portion 5,967 0
Operating lease right-of-use assets 2,605 2,763
Other assets 2,066 461
Total assets 67,465 75,731
Current liabilities    
Content liabilities 61 362
Accounts payable 4,316 9,449
Accrued expenses and other liabilities 8,218 12,094
Deferred revenue 8,226 8,409
Total current liabilities 20,821 30,314
Non-current operating lease liabilities 3,234 3,460
Other liabilities 1,948 470
Total liabilities 26,003 34,244
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock, $0.0001 par value – 125,000 shares authorized as of June 30, 2026, and December 31, 2025; 59,594 and 58,950 issued, including 489 and 216 treasury shares; 59,105 and 58,734 shares outstanding as of June 30, 2026, and December 31, 2025, respectively. 5 5
Treasury stock (1,122) (251)
Additional paid-in capital 381,034 377,577
Accumulated deficit (338,455) (335,844)
Total stockholders’ equity 41,462 41,487
Total liabilities and stockholders’ equity $ 67,465 $ 75,731