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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 69,936 $ 72,350
Restricted cash 201 204
Accounts receivable, net of allowance for credit losses of $4,919 and $3,743 in 2024 and 2023, respectively 131,629 123,797
Inventory 52,780 52,647
Prepaid expenses and other assets 14,141 6,374
Total current assets 268,687 255,372
Property and equipment    
Office furniture and equipment 10,049 8,852
Molds and tooling 125,618 120,396
Leasehold improvements 6,956 6,708
Total 142,623 135,956
Less accumulated depreciation and amortization 126,981 121,357
Property and equipment, net 15,642 14,599
Operating lease right-of-use assets, net 53,254 23,592
Other long-term assets 1,781 2,162
Deferred income tax assets, net 70,394 68,143
Goodwill 35,111 35,083
Total assets 444,869 398,951
Current liabilities    
Accounts payable 42,560 42,177
Accounts payable - Meisheng (related party) 13,461 12,259
Accrued expenses 48,456 45,102
Reserve for sales returns and allowances 35,817 38,531
Income taxes payable 1,035 3,785
Short-term operating lease liabilities 8,091 7,380
Total current liabilities 149,420 149,234
Long-term operating lease liabilities 48,433 16,666
Accrued expenses – long term 2,563 3,746
Preferred stock derivative liability 0 29,947
Income taxes payable 3,620 3,245
Total liabilities 204,036 202,838
Preferred stock accrued dividends, $0.001 par value; 5,000,000 shares authorized; nil and 200,000 shares issued and outstanding at December 31, 2024 and 2023, respectively 0 5,992
Stockholders’ Equity    
Common stock, $0.001 par value; 100,000,000 shares authorized; 11,025,582 and 10,096,197 shares issued and outstanding in 2024 and 2023, respectively 11 10
Additional paid-in capital 297,198 278,642
Accumulated deficit (39,692) (73,612)
Accumulated other comprehensive loss (17,184) (15,627)
Total JAKKS Pacific, Inc. stockholders’ equity 240,333 189,413
Non-controlling interests 500 708
Total stockholders’ equity 240,833 190,121
Total liabilities, preferred stock and stockholders’ equity $ 444,869 $ 398,951