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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 38,103 $ 85,297
Restricted cash 198 193
Accounts receivable, net of allowances for credit losses of $3,226 and $2,865 at March 31, 2023 and December 31, 2022, respectively 85,171 102,771
Inventory 63,988 80,619
Prepaid expenses and other assets 12,849 6,331
Total current assets 200,309 275,211
Property and equipment    
Office furniture and equipment 10,077 10,064
Molds and tooling 114,098 113,714
Leasehold improvements 6,493 6,659
Total 130,668 130,437
Less accumulated depreciation and amortization 114,499 115,575
Property and equipment, net 16,169 14,862
Operating lease right-of-use assets, net 17,634 19,913
Other long-term assets 2,387 2,469
Deferred income tax assets, net 57,804 57,804
Goodwill 35,083 35,083
Total assets 329,386 405,342
Current liabilities    
Accounts payable 27,714 33,687
Accounts payable – Meisheng (related party) 8,024 9,820
Accrued expenses 27,006 37,998
Reserve for sales returns and allowances 41,064 51,877
Income taxes payable 6,241 8,165
Short term operating lease liabilities 10,009 10,746
Short term debt, net 2,475 25,529
Total current liabilities 122,533 177,822
Long term operating lease liabilities 8,095 9,863
Debt, non-current portion, net of issuance costs and debt discounts 26,969 41,622
Preferred stock derivative liability 21,771 21,918
Income taxes payable 2,941 2,929
Total liabilities 182,309 254,154
Preferred stock accrued dividends, $0.001 par value; 5,000,000 shares authorized; 200,000 shares issued and outstanding at March 31, 2023 and December 31, 2022 4,857 4,490
Stockholders' Equity    
Common stock, $0.001 par value; 100,000,000 shares authorized; 9,870,927 and 9,742,236 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 10 10
Additional paid-in capital 275,695 275,187
Accumulated deficit (117,331) (112,018)
Accumulated other comprehensive loss (17,150) (17,482)
Total JAKKS Pacific, Inc. stockholders' equity 141,224 145,697
Non-controlling interests 996 1,001
Total stockholders' equity 142,220 146,698
Total liabilities, preferred stock and stockholders' equity $ 329,386 $ 405,342