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Basis of Presentation and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

Schedules of Concentration of Risks

The following table represents receivables from our customers exceeding 10% of our total receivables, excluding receivables held for sale:

Customer			September 30, 2023						December 31, 2022
Customer A			*						31		%

The following table represents revenue from our customers exceeding 10% of our total revenue, excluding revenues from discontinued operations:

			Three Months Ended September 30,												Nine Months Ended September 30,
Customer			2023						2022						2023						2022
Customer A			16		%				12		%				16		%				11		%

Schedule of Condensed Consolidated Financial Statements Impacts Resulting from Restatement

The tables below set forth the condensed consolidated financial statements, including as reported, the impacts resulting from the restatement and the as restated amounts for the quarterly period ended September 30, 2023 (in thousands, except per share amounts):

			Condensed Consolidated Statement of Operations
For the three months ended September 30, 2023			As Previously Reported						Adjustments						As Restated
Cost of sales			$	(10,909)					$	1,015					$	(9,894)
Impairments			(7,674)						7,282						(392)
Total operating expense			(44,618)						8,297						(36,321)
Operating loss			(11,336)						8,297						(3,039)
Loss from continuing operations before income taxes			(17,835)						8,297						(9,538)
Benefit from income taxes			1,442						(388)						1,054
Net loss from continuing operations			(16,393)						7,909						(8,484)
Net loss			(15,074)						7,909						(7,165)
Net loss attributable to PLBY Group, Inc.			(15,074)						7,909						(7,165)
Net loss per share from continuing operations, basic and diluted			(0.22)						0.10						(0.12)
Net loss per share, basic and diluted			(0.20)						0.10						(0.10)

			Condensed Consolidated Statement of Operations
For the nine months ended September 30, 2023			As Previously Reported						Adjustments						As Restated
Cost of sales			$	(43,545)					$	2,215					$	(41,330)
Impairments			(155,864)						9,232						(146,632)
Total operating expense			(299,107)						11,447						(287,660)
Operating loss			(195,521)						11,447						(184,074)
Loss from continuing operations before income taxes			(199,848)						11,447						(188,401)
Benefit from income taxes			13,062						(1,470)						11,592
Net loss from continuing operations			(186,786)						9,977						(176,809)
Net loss			(186,637)						9,977						(176,660)
Net loss attributable to PLBY Group, Inc.			(186,637)						9,977						(176,660)
Net loss per share from continuing operations, basic and diluted			(2.65)						0.15						(2.50)
Net loss per share, basic and diluted			(2.65)						0.15						(2.50)

			Condensed Consolidated Statement of Comprehensive Loss
For the three months ended September 30, 2023			As Previously Reported						Adjustments						As Restated
Net loss			$	(15,074)					$	7,909					$	(7,165)
Comprehensive loss			(16,256)						7,909						(8,347)

			Condensed Consolidated Statement of Comprehensive Loss
For the nine months ended September 30, 2023			As Previously Reported						Adjustments						As Restated
Net loss			$	(186,637)					$	9,977					$	(176,660)
Comprehensive loss			(189,787)						9,977						(179,810)

			Condensed Consolidated Balance Sheet
As of September 30, 2023			As Previously Reported						Adjustments						As Restated
Deferred revenues, net of current portion			$	22,580					$	(11,447)					$	11,133
Deferred tax liabilities, net			12,047						1,470						13,517
Total liabilities			322,165						(9,977)						312,188
Accumulated deficit			(620,033)						9,977						(610,056)
Total stockholders’ equity			37,814						9,977						47,791

			Condensed Consolidated Statements of Stockholders’ Equity
For the three months ended September 30, 2023			As Previously Reported						Adjustments						As Restated
Accumulated deficit beginning balance			$	(604,959)					$	2,068					$	(602,891)
Total stockholders' equity beginning balance			52,770						2,068						54,838
Net loss in both Accumulated Deficit and Total columns			(15,074)						7,909						(7,165)
Accumulated deficit ending balance			(620,033)						9,977						(610,056)
Total stockholders' equity ending balance			37,814						9,977						47,791

			Condensed Consolidated Statements of Stockholders’ Equity
For the nine months ended September 30, 2023			As Previously Reported						Adjustments						As Restated
Net loss in both Accumulated Deficit and Total columns			$	(186,637)					$	9,977					$	(176,660)
Accumulated deficit ending balance			(620,033)						9,977						(610,056)
Total stockholders' equity ending balance			37,814						9,977						47,791

			Condensed Consolidated Statements of Cash Flows
For the nine months ended September 30, 2023			As Previously Reported						Adjustments						As Restated
Cash Flows From Operating Activities
Net loss			$	(186,637)					$	9,977					$	(176,660)
Net loss from continuing operations			(186,786)						9,977						(176,809)
Impairments			155,864						(9,232)						146,632
Deferred income taxes			(13,191)						1,470						(11,721)
Receivables, net			(3,884)						11,447						7,563
Accrued agency fees and commissions			(4,386)						(2,215)						(6,601)
Deferred revenues			(2,955)						(11,447)						(14,402)

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