XML 43 R30.htm IDEA: XBRL DOCUMENT
v3.25.2

Revenue Recognition (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Contract Assets and Liabilities | The following table summarizes our contract assets and certain contract liabilities (in thousands):
| June 30, 2025 |  | December 31, 2024 |  | December 31, 2023
Accounts receivable | $ | 2,707 |  |  | $ | 7,271 |  |  | $ | 7,496 |
Contract Balances: |  |  |  |  |
Contract assets, current portion | $ | 1,936 |  |  | $ | 1,531 |  |  | $ | 1,547 |
Contract assets, net of current portion | 8,631 |  |  | 7,848 |  |  | 8,716 |
Contract liabilities, current portion | (5,016) |  |  | (9,693) |  |  | (9,205) |
Contract liabilities, net of current portion | (3,095) |  |  | (5,762) |  |  | (4,641) |
Contract assets (liabilities), net | $ | 2,456 |  |  | $ | (6,076) |  |  | $ | (3,583) |
The following tables provide a roll-forward of our netted contract assets and contract liabilities (in thousands):
| Contract (Liabilities) Assets, Net
Balance at December 31, 2024 | $ | (6,076) |
Revenues recognized that were included in gross contract liabilities at December 31, 2024 | 15,082 |
Contract assets reclassified to accounts receivable in the six months ended June 30, 2025 | (6,185) |
Cash received in advance since prior year and remained in net contract liabilities at period-end | (508) |
Contract terminations in 2025 | 143 |
Balance at June 30, 2025 | $ | 2,456 |
| Contract Liabilities, Net
Balance at December 31, 2023 | $ | (3,583) |
Revenues recognized that were included in gross contract liabilities at December 31, 2023 | 13,195 |
Contract assets reclassified to accounts receivable in the six months ended June 30, 2024 | (11,882) |
Cash received in advance since prior year and remained in net contract liabilities at period-end | (1,934) |
Balance at June 30, 2024 | $ | (4,204) |
Schedule of Revenue from External Customers by Products and Services | The following table disaggregates revenue by type (in thousands):
| Three Months Ended June 30, 2025 |  | Six Months Ended June 30, 2025
| Direct-to-Consumer |  | Licensing |  | Corporate |  | All Other |  | Total |  | Direct-to-Consumer |  | Licensing |  | Corporate |  | All Other |  | Total
Consumer products | $ | 16,493 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 16,493 |  |  | $ | 32,824 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 32,824 |
Trademark licensing | — |  |  | 10,932 |  |  | — |  |  | — |  |  | 10,932 |  |  | — |  |  | 22,317 |  |  | — |  |  | — |  |  | 22,317 |
Digital subscriptions and products | — |  |  | — |  |  | — |  |  | 588 |  |  | 588 |  |  | — |  |  | — |  |  | — |  |  | 1,434 |  |  | 1,434 |
Events and sponsorships | — |  |  | — |  |  | 135 |  |  | — |  |  | 135 |  |  | — |  |  | — |  |  | 448 |  |  | — |  |  | 448 |
Total revenues | $ | 16,493 |  |  | $ | 10,932 |  |  | $ | 135 |  |  | $ | 588 |  |  | $ | 28,148 |  |  | $ | 32,824 |  |  | $ | 22,317 |  |  | $ | 448 |  |  | $ | 1,434 |  |  | $ | 57,023 |
| Three Months Ended June 30, 2024 |  | Six Months Ended June 30, 2024
| Direct-to-Consumer |  | Licensing |  | Corporate |  | All Other |  | Total |  | Direct-to-Consumer |  | Licensing |  | Corporate |  | All Other |  | Total
Consumer products | $ | 14,504 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 14,504 |  |  | $ | 33,244 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 33,244 |
Trademark licensing | — |  |  | 5,335 |  |  | — |  |  | — |  |  | 5,335 |  |  | — |  |  | 9,482 |  |  | — |  |  | — |  |  | 9,482 |
Digital subscriptions and products | — |  |  | — |  |  | — |  |  | 3,416 |  |  | 3,416 |  |  | — |  |  | — |  |  | — |  |  | 7,158 |  |  | 7,158 |
TV and cable programming | — |  |  | — |  |  | — |  |  | 1,630 |  |  | 1,630 |  |  | — |  |  | — |  |  | — |  |  | 3,320 |  |  | 3,320 |
Total revenues | $ | 14,504 |  |  | $ | 5,335 |  |  | $ | — |  |  | $ | 5,046 |  |  | $ | 24,885 |  |  | $ | 33,244 |  |  | $ | 9,482 |  |  | $ | — |  |  | $ | 10,478 |  |  | $ | 53,204 |
The following table disaggregates revenue by point in time versus over time (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Point in time | $ | 16,628 |  |  | $ | 15,837 |  |  | $ | 33,334 |  |  | $ | 36,125 |
Over time | 11,520 |  |  | 9,048 |  |  | 23,689 |  |  | 17,079 |
Total revenues | $ | 28,148 |  |  | $ | 24,885 |  |  | $ | 57,023 |  |  | $ | 53,204 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration