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Igniton Transaction (Tables)

12 Months Ended

Dec. 31, 2024

Igniton Transaction [Abstract]

Schedule of Technology License, Net

Technology license, net consists of the following as of December 31, 2024:


(in thousands)		December 31, 2024

Technology license		$	16,156
Accumulated amortization			(606	)
Technology license, net		$	15,550

On April 18, 2024, Igniton, and subsidiary of the Company, closed a sale of 2,750,000 shares of Igniton common stock (the “Igniton Shares”) to certain funds managed by AWM Investment Company, Inc. (“AWM”) for total net proceeds of approximately $3.2 million. Igniton’s total proceeds included an approximately $0.4 million premium that was passed to the Company in exchange for the issuance to AWM of a non-transferable right granting AWM a one-time ability to sell the Igniton Shares to the Company for the total net proceeds paid (the “Option”), payable at the Company’s option, in cash or shares of the Company’s Class A common stock having a value per share equal to the trailing 5-day average Volume-Weighted Average Price prior to the exercise of the Option. The amounts have been recorded within Additional paid-in capital and Noncontrolling interests within the Condensed Consolidated Statements of Changes in Equity.

Schedule of Discloses the Effects of Changes Companys Ownership

The following schedule discloses the effects of changes in the Company’s ownership of Igniton on the Company’s equity as a result of the Igniton's sale of shares to AWM for the period presented:


		For the Year Ended
(in thousands)		December 31, 2024

Net income attributable to Gaia, Inc. shareholders		$	(5,233	)
Change in Gaia’s paid-in capital for sale of Igniton Shares, net of issuance costs			(911	)
Net transfers from non-controlling interest			(911	)
Change from net income attributable to Gaia, Inc. shareholders and transfers from Noncontrolling Interest		$	(6,144	)