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Restatement of Previously Issued Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2023
Accounting Changes and Error Corrections [Abstract] |
Schedule of Restatement of Previously Issued Financial Statements | GAIA, INC. Consolidated Balance Sheet
|  | As of December 31, 2022 |  |
(in thousands) |  | As Previously Reported |  |  | Adjustment |  |  | Reference |  | As Restated |  |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Real estate, investment and other assets, net |  |  | 30,979 |  |  |  | (3,125 | ) |  | (c) |  |  | 27,854 |  | (1)
Total assets |  | $ | 138,303 |  |  | $ | (3,125 | ) |  |  |  | $ | 135,178 |  |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Accumulated deficit |  |  | (75,198 | ) |  |  | (4,195 | ) |  | (c) (d) |  |  | (79,393 | ) |
Total Gaia, Inc. shareholders’ equity |  |  | 88,984 |  |  |  | (4,195 | ) |  |  |  |  | 84,789 |  |
Noncontrolling interests |  |  | — |  |  |  | 1,070 |  |  | (d) |  |  | 1,070 |  |
Total equity |  |  | 88,984 |  |  |  | (3,125 | ) |  |  |  |  | 85,859 |  |
Total liabilities and equity |  | $ | 138,303 |  |  | $ | (3,125 | ) |  |  |  | $ | 135,178 |  |
(1) To conform with current period presentation in our consolidated balance sheets for the periods ended December 31, 2023 and 2022, we made certain reclassification adjustments as further described within Note 2, including adjusting the equity method investment portion of real estate, investment and other assets, net into a separate line item, equity method investment. GAIA, INC. Consolidated Statement of Operations
|  | Year Ended December 31, 2022 |  |
(in thousands, except per share data) |  | As Previously Reported |  |  | Adjustment |  |  | Reference |  | As Restated |  |
Equity method investment loss |  | $ | - |  |  | $ | (500 | ) |  | (c) |  | $ | (500 | ) | (1)
Net loss before income taxes |  |  | (2,533 | ) |  |  | (500 | ) |  |  |  |  | (3,033 | ) |
Net loss from continuing operations |  |  | (2,735 | ) |  |  | (500 | ) |  |  |  |  | (3,235 | ) |
Net loss |  | $ | (3,095 | ) |  | $ | (500 | ) |  |  |  | $ | (3,595 | ) |
Net income attributable to noncontrolling interests |  | $ | — |  |  | $ | 296 |  |  | (d) |  | $ | 296 |  |
Net loss attributable to common shareholders |  | $ | (3,095 | ) |  | $ | (796 | ) |  | (d) |  | $ | (3,891 | ) |
Loss per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations (attributable to common shareholders) |  | $ | (0.13 | ) |  | $ | (0.04 | ) |  |  |  | $ | (0.17 | ) |
Basic loss per share |  | $ | (0.15 | ) |  | $ | (0.04 | ) |  |  |  | $ | (0.19 | ) |
Diluted |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations (attributable to common shareholders) |  | $ | (0.13 | ) |  | $ | (0.04 | ) |  |  |  | $ | (0.17 | ) |
Diluted loss per share |  | $ | (0.15 | ) |  | $ | (0.04 | ) |  |  |  | $ | (0.19 | ) |
(1) To conform with current period presentation in our consolidated statement of operations for the periods ended December 31, 2023 and 2022, we made certain reclassification adjustments as further described within Note 2, including adjusting the equity method investment loss portion of interest and other expense, net into a separate line item, equity method investment loss. GAIA, INC. Consolidated Statement of Changes in Equity
(in thousands, except shares) |  | Common Stock Shares |  |  | Accumulated Deficit |  |  | Common Stock Amount |  |  | Additional Paid-in Capital |  |  | Non-controlling interests |  |  | Total Equity |  |  | Reference
As Previously Reported |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2022 |  |  | 20,461,337 |  |  | $ | (72,103 | ) |  | $ | 2 |  |  | $ | 162,316 |  |  | $ | — |  |  | $ | 90,215 |  |  |
Net loss |  |  | — |  |  |  | (3,095 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,095 | ) |  |
Balance at December 31, 2022 |  |  | 20,806,186 |  |  | $ | (75,198 | ) |  | $ | 2 |  |  | $ | 164,180 |  |  | $ | — |  |  | $ | 88,984 |  |  |
Adjustment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2022 |  |  | — |  |  | $ | (3,399 | ) |  | $ | — |  |  | $ | — |  |  | $ | 774 |  |  | $ | (2,625 | ) |  | (c) (d)
Net (loss) income |  |  | — |  |  |  | (796 | ) |  |  | — |  |  |  | — |  |  |  | 296 |  |  |  | (500 | ) |  | (c) (d)
Balance at December 31, 2022 |  |  | — |  |  | $ | (4,195 | ) |  | $ | — |  |  | $ | — |  |  | $ | 1,070 |  |  | $ | (3,125 | ) |  |
As Restated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2022 |  |  | 20,461,337 |  |  | $ | (75,502 | ) |  | $ | 2 |  |  | $ | 162,316 |  |  | $ | 774 |  |  | $ | 87,590 |  |  |
Net (loss) income |  |  | — |  |  |  | (3,891 | ) |  |  | — |  |  |  | — |  |  |  | 296 |  |  |  | (3,595 | ) |  |
Balance at December 31, 2022 |  |  | 20,806,186 |  |  | $ | (79,393 | ) |  | $ | 2 |  |  | $ | 164,180 |  |  | $ | 1,070 |  |  | $ | 85,859 |  |  |
GAIA, INC. Consolidated Statement of Cash Flows
|  | Years ended December 31, 2022 |
(in thousands) |  | As Previously Reported |  |  | Adjustment |  |  | Reference |  | As Restated |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (3,095 | ) |  | $ | (500 | ) |  | (c) |  | $ | (3,595 | )
Loss from continuing operations |  |  | (2,735 | ) |  |  | (500 | ) |  |  |  |  | (3,235 | )
Adjustments to reconcile net loss to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |
Equity method investment losses |  |  | — |  |  |  | 500 |  |  | (c) |  |  | 500 |
Additions to media library |  |  | — |  |  |  | (9,840 | ) |  | (a) |  |  | (9,840 | )
Net cash provided by operating activities - continuing operations |  |  | 11,880 |  |  |  | (9,840 | ) |  |  |  |  | 2,040 |
Net cash provided by operating activities |  |  | 11,520 |  |  |  | (9,840 | ) |  |  |  |  | 1,680 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Additions to property and equipment |  |  | (18,257 | ) |  |  | 9,840 |  |  | (a) |  |  | (8,417 | )
Net cash used in investing activities |  |  | (19,104 | ) |  |  | 9,840 |  |  |  |  |  | (9,264 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from short-term borrowings |  |  | 9,000 |  |  |  | 7,500 |  |  | (b) |  |  | 16,500 |
Repayment of debt |  |  | (166 | ) |  |  | (7,500 | ) |  | (b) |  |  | (7,666 | )
Net cash provided by financing activities |  |  | 8,877 |  |  |  | — |  |  |  |  |  | 8,877 |

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