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Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current Assets:      
Total Current Assets $ 594,013 $ 625,978 $ 2,171,553
TOTAL ASSETS 1,027,658 1,055,129 46,881,358
Current liabilities:      
Accounts payable 199,749 205,082 99,468
Accrued expenses 442,994 553,678 2,251,823
Notes and interest payable 643,132 439,004  
Total Current Liabilities 4,621,536 4,488,425 4,980,018
TOTAL LIABILITIES 9,201,636 9,127,425 5,560,518
Commitments and contingencies
Stockholders' equity:      
Accumulated deficit (9,317,701) (9,216,019) (4,150,511)
TOTAL LIABILITIES, COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS' DEFICIT 1,027,658 1,055,129 46,881,358
Angel Studios, Inc. CIK: 0001671941      
Current Assets:      
Cash and cash equivalents 14,185,031 7,211,826 25,201,425
Accounts receivable, net 13,136,046 16,234,301 24,140,903
Current portion of licensing receivables, net 8,940,688 8,785,636 7,851,505
Physical media inventory 1,609,298 1,711,638 2,843,681
Current portion of notes receivable 1,560,893 747,282 707,508
Loan guarantee receivable 9,638,416 9,112,500  
Prepaid expenses and other 13,376,790 9,146,017 4,316,577
Total Current Assets 82,660,088 52,949,200 65,061,599
Licensing receivables, net 10,068,216 12,074,629 11,279,260
Notes receivable, net of current portion 4,171,109 4,235,344 4,502,079
Property and equipment, net 683,355 778,927 1,212,056
Content, net 1,911,664 1,710,866 1,389,588
Intangible assets, net 1,898,893 1,917,155 1,987,190
Digital assets   12,457,387 2,961,790
Investments in affiliates 9,217,834 9,066,137 4,503,153
Operating lease right-of-use assets 2,573,176 2,744,693 1,286,237
Other long-term assets 589,924 589,924 4,075,243
TOTAL ASSETS 118,582,516 98,524,262 98,258,195
Current liabilities:      
Accounts payable 7,859,622 7,929,482 3,169,248
Accrued expenses 14,466,478 13,074,655 6,297,230
Current portion of accrued licensing royalties 17,649,356 15,362,400 25,958,085
Notes and interest payable 22,163,481 11,455,940 4,160,277
Current portion of operating lease liabilities 692,824 673,295 364,633
Deferred revenue 36,012,666 22,171,808 3,920,648
Loan guarantee payable 7,638,416 9,112,500  
Current portion of accrued settlement costs 287,244 280,238 253,882
Total Current Liabilities 106,770,087 80,060,318 44,124,003
Accrued settlement costs, net of current portion 4,017,241 4,091,733 4,371,972
Accrued licensing royalties, long-term 8,367,099 8,367,099 9,125,409
Operating lease liabilities, net of current portion 1,971,697 2,153,463 961,151
TOTAL LIABILITIES 124,538,346 94,672,613 58,582,535
Commitments and contingencies
Stockholders' equity:      
Common stock, $0.001 par value, 85,000,000 shares authorized; 26,987,787 and 24,991,329 shares issued and outstanding as of December 31, 2024, and December 31, 2023, respectively 27,466 26,987 24,991
Additional paid-in capital 112,917,006 95,472,458 49,875,530
Noncontrolling interests 2,425,339 8,222,953 (151,670)
Accumulated deficit (121,325,641) (99,870,749) (10,073,191)
Total stockholders' equity (5,955,830) 3,851,649 39,675,660
TOTAL LIABILITIES, COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS' DEFICIT $ 118,582,516 $ 98,524,262 $ 98,258,195