Subsequent Events	6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]
Subsequent Events	8. SUBSEQUENT EVENTS 2023 Amended Credit Agreement On July 15, 2025, the Company and its lenders entered into Amendment No. 1 (the “Amendment”) to the Original 2023 Credit Agreement. The Amendment amends the Original 2023 Credit Agreement to, among other things: 1. increase the quarterly amortization to $5,000,000, from $2,500,000 in the Original Credit Agreement; 2. reduce the aggregate revolving commitments to $30,000,000, from $75,000,000 in the Original Credit Agreement; 3. increase the maximum permitted Total Net Leverage Ratio (as defined in the Amended 2023 Credit Agreement) to 4.0 to 1.0, from 3.25 to 1.0 in the Original Credit Agreement; 4. calculate leverage ratios based on an annualized average consolidated EBITDA for the eight most recently completed fiscal quarters and increase cash netting to $60,000,000 from $50,000,000 in the Original Credit Agreement; and 5. reduce the minimum permitted Interest Coverage Ratio (as defined in the Amended 2023 Credit Agreement) to 2.0 to 1.0, from 3.0 to 1.0 in the Original Credit Agreement. Pursuant to the Amendment, the Company agreed to pay the lenders consenting to the Amendment a fee equal to 0.05% of the amount of outstanding loans and commitments held by such lenders under the Original 2023 Credit Agreement. Lease On July 22, 2025, the former lessor of the Company’s now-terminated lease of its headquarters and audio operations in Santa Monica, California, commenced litigation against the Company in Los Angeles County Superior Court. The landlord alleges the Company breached its lease and seeks at least $31,450,000 in damages. The Company intends to respond in accordance with court requirements, including timing deadlines.

Subsequent Events

6 Months Ended

Jun. 30, 2025

8. SUBSEQUENT EVENTS

2023 Amended Credit Agreement

On July 15, 2025, the Company and its lenders entered into Amendment No. 1 (the “Amendment”) to the Original 2023 Credit Agreement.

The Amendment amends the Original 2023 Credit Agreement to, among other things:

1. increase the quarterly amortization to $5,000,000, from $2,500,000 in the Original Credit Agreement;

2. reduce the aggregate revolving commitments to $30,000,000, from $75,000,000 in the Original Credit Agreement;

3. increase the maximum permitted Total Net Leverage Ratio (as defined in the Amended 2023 Credit Agreement) to 4.0 to 1.0, from 3.25 to 1.0 in the Original Credit Agreement;

4. calculate leverage ratios based on an annualized average consolidated EBITDA for the eight most recently completed fiscal quarters and increase cash netting to $60,000,000 from $50,000,000 in the Original Credit Agreement; and

5. reduce the minimum permitted Interest Coverage Ratio (as defined in the Amended 2023 Credit Agreement) to 2.0 to 1.0, from 3.0 to 1.0 in the Original Credit Agreement.

Pursuant to the Amendment, the Company agreed to pay the lenders consenting to the Amendment a fee equal to 0.05% of the amount of outstanding loans and commitments held by such lenders under the Original 2023 Credit Agreement.

Lease

On July 22, 2025, the former lessor of the Company’s now-terminated lease of its headquarters and audio operations in Santa Monica, California, commenced litigation against the Company in Los Angeles County Superior Court. The landlord alleges the Company breached its lease and seeks at least $31,450,000 in damages. The Company intends to respond in accordance with court requirements, including timing deadlines.