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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 35,290 $ 72,350
Restricted cash 202 204
Accounts receivable, net of allowance for credit losses of $4,880 and $3,743 at March 31, 2024 and December 31, 2023, respectively 79,875 123,797
Inventory 46,341 52,647
Prepaid expenses and other assets 19,087 6,374
Total current assets 180,795 255,372
Property and equipment    
Office furniture and equipment 9,165 8,852
Molds and tooling 122,153 120,396
Leasehold improvements 6,748 6,708
Total 138,066 135,956
Less accumulated depreciation and amortization 122,694 121,357
Property and equipment, net 15,372 14,599
Operating lease right-of-use assets, net 22,965 23,592
Other long-term assets 2,063 2,162
Deferred income tax assets, net 68,142 68,143
Goodwill 34,997 35,083
Total assets 324,334 398,951
Current liabilities    
Accounts payable 31,683 42,177
Accounts payable - Meisheng (related party) 8,689 12,259
Accrued expenses 37,201 45,102
Reserve for sales returns and allowances 27,859 38,531
Income taxes payable 0 3,785
Short-term operating lease liabilities 8,237 7,380
Total current liabilities 113,669 149,234
Long-term operating lease liabilities 15,961 16,666
Accrued expenses – long term 3,183 3,746
Preferred stock derivative liability 0 29,947
Income taxes payable 3,295 3,245
Total liabilities 136,108 202,838
Preferred stock accrued dividends, $0.001 par value; 5,000,000 shares authorized; nil and 200,000 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 0 5,992
Stockholders' Equity    
Common stock, $0.001 par value; 100,000,000 shares authorized; 10,800,892 and 10,096,197 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 11 10
Additional paid-in capital 292,024 278,642
Accumulated deficit (88,117) (73,612)
Accumulated other comprehensive loss (16,192) (15,627)
Total JAKKS Pacific, Inc. stockholders' equity 187,726 189,413
Non-controlling interests 500 708
Total stockholders' equity 188,226 190,121
Total liabilities, preferred stock and stockholders' equity $ 324,334 $ 398,951