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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Accounting Policies [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments |
| As of June 30, 2022
| As Previously Reported |  | Adjustments |  | As Restated
Total Assets | (in thousands)
Goodwill | $ | 36,720 |  |  | 1,667 |  |  | $ | 38,387 |
Total Assets | $ | 272,342 |  |  | 1,667 |  |  | $ | 274,009 |
Total Liabilities |  |  |  |  |
Deferred Tax Liability | $ | – |  |  | 1,667 |  |  | $ | 1,667 |
Total Liabilities | $ | 129,255 |  |  | 1,667 |  |  | $ | 130,922 |
| As of September 30, 2022
| As Previously Reported |  | Adjustments |  | As Restated
| (in thousands)
Total Assets |  |  |  |  |
Goodwill | $ | 35,748 |  |  | 1,667 |  |  | $ | 37,415 |
Total Assets | $ | 253,991 |  |  | 1,667 |  |  | $ | 255,658 |
Total Liabilities |  |  |  |  |
Deferred Tax Liability | $ | – |  |  | 1,667 |  |  | $ | 1,667 |
Total Liabilities | $ | 125,533 |  |  | 1,667 |  |  | $ | 127,200 |
| As of December 31, 2022
| As Previously Reported |  | Adjustments |  | As Restated
| (in thousands)
Total Assets |  |  |  |  |
Goodwill | $ | 31,807 |  |  | 1,667 |  |  | $ | 33,474 |
Total Assets | $ | 237,918 |  |  | 1,667 |  |  | $ | 239,585 |
Total Liabilities |  |  |  |  |
Deferred Tax Liability | $ | 705 |  |  | 1,667 |  |  | $ | 2,372 |
Total Liabilities | $ | 125,049 |  |  | 1,667 |  |  | $ | 126,716 |
| As of March 31, 2023
| As Previously Reported |  | Adjustments |  | As Restated
| (in thousands)
Total Assets |  |  |  |  |
Goodwill | $ | 20,520 |  |  | 1,667 |  |  | $ | 22,187 |
Total Assets | $ | 196,560 |  |  | 1,667 |  |  | $ | 198,227 |
Total Liabilities |  |  |  |  |
Deferred Tax Liability | $ | 705 |  |  | 733 |  |  | $ | 1,438 |
Total Liabilities | $ | 105,213 |  |  | 733 |  |  | $ | 105,946 |
Stockholders' Equity |  |  |  |  |
Accumulated Deficit | $ | (666,205) |  |  | 934 |  |  | $ | (665,271) |
Total Stockholders' Equity | $ | 91,347 |  |  | 934 |  |  | $ | 92,281 |
| Three Months Ended March 31, 2023
| As Previously Reported |  | Adjustments |  | As Restated
| (in thousands, except share and per share data)
Net Loss Attributable to Kartoon Studios, Inc. |  |  |  |  |
Income Tax Benefit (Expense) | $ | – |  |  | 934 |  |  | $ | 934 |
Net Loss | $ | (24,793) |  |  | 934 |  |  | $ | (23,859) |
Net Loss Attributable to Kartoon Studios, Inc. | $ | (24,762) |  |  | 934 |  |  | $ | (23,828) |
Net Loss per Share (Basic) | $ | (0.77) |  |  | 0.03 |  |  | $ | (0.74) |
Net Loss per Share (Diluted) | $ | (0.77) |  |  | 0.03 |  |  | $ | (0.74) |
Weighted Average Shares Outstanding (Basic) | 31,978,335 |  |  |  | 31,978,335
Weighted Average Shares Outstanding (Diluted) | 31,978,335 |  |  |  | 31,978,335
| As of June 30, 2023
| As Previously Reported |  | Adjustments |  | As Restated
| (in thousands)
Total Assets |  |  |  |  |
Goodwill | $ | 20,852 |  |  | 1,667 |  |  | $ | 22,519 |
Total Assets | $ | 177,983 |  |  | 1,667 |  |  | $ | 179,650 |
Total Liabilities |  |  |  |  |
Deferred Tax Liability | $ | – |  |  | 1,438 |  |  | $ | 1,438 |
Total Liabilities | $ | 90,470 |  |  | 1,438 |  |  | $ | 91,908 |
Stockholders' Equity |  |  |  |  |
Additional Paid-in-Capital | $ | 773,377 |  |  | (3,510) |  |  | $ | 769,867 |
Accumulated Deficit | $ | (681,435) |  |  | 3,739 |  |  | $ | (677,696) |
Total Stockholders' Equity | $ | 87,513 |  |  | 229 |  |  | $ | 87,742 |
| Three Months Ended June 30, 2023
| As Previously Reported |  | Adjustments |  | As Restated
| (in thousands, except share and per share data)
Net Loss Attributable to Kartoon Studios, Inc. |  |  |  |  |
Other Income (Expense) | $ | (6,368) |  |  | 3,510 |  |  | $ | (2,858) |
Income Tax Benefit (Expense) | $ | 705 |  |  | (705) |  |  | $ | – |
Net Loss | $ | (15,246) |  |  | 2,805 |  |  | $ | (12,441) |
Net Loss Attributable to Kartoon Studios, Inc. | $ | (15,230) |  |  | 2,805 |  |  | $ | (12,425) |
Net Loss per Share (Basic) | $ | (0.47) |  |  | 0.09 |  |  | $ | (0.38) |
Net Loss per Share (Diluted) | $ | (0.47) |  |  | 0.09 |  |  | $ | (0.38) |
Weighted Average Shares Outstanding (Basic) | 32,379,852 |  |  |  | 32,379,852
Weighted Average Shares Outstanding (Diluted) | 32,379,852 |  |  |  | 32,379,852
| Six Months Ended June 30, 2023
| As Previously Reported |  | Adjustments |  | As Restated
| (in thousands, except share and per share data)
Net Loss Attributable to Kartoon Studios, Inc. |  |  |  |  |
Other Income (Expense) | $ | (8,080) |  |  | 3,510 |  |  | $ | (4,570) |
Income Tax Benefit (Expense) | $ | 705 |  |  | 229 |  |  | $ | 934 |
Net Loss | $ | (40,039) |  |  | 3,739 |  |  | $ | (36,300) |
Net Loss Attributable to Kartoon Studios, Inc. | $ | (39,992) |  |  | 3,739 |  |  | $ | (36,253) |
Net Loss per Share (Basic) | $ | (1.24) |  |  | 0.12 |  |  | $ | (1.12) |
Net Loss per Share (Diluted) | $ | (1.24) |  |  | 0.12 |  |  | $ | (1.12) |
Weighted Average Shares Outstanding (Basic) | 32,180,202 |  |  |  | 32,180,202
Weighted Average Shares Outstanding (Diluted) | 32,180,202 |  |  |  | 32,180,202
| As of September 30, 2023
| As Previously Reported |  | Adjustments |  | As Restated
| (in thousands)
Total Assets |  |  |  |  |
Goodwill | $ | 20,569 |  |  | 1,667 |  |  | $ | 22,236 |
Total Assets | $ | 136,174 |  |  | 1,667 |  |  | $ | 137,841 |
Total Liabilities |  |  |  |  |
Deferred Tax Liability | $ | – |  |  | 1,438 |  |  | $ | 1,438 |
Total Liabilities | $ | 62,163 |  |  | 1,438 |  |  | $ | 63,601 |
Stockholders' Equity |  |  |  |  |
Additional Paid-in-Capital | $ | 773,885 |  |  | (3,510) |  |  | $ | 770,375 |
Accumulated Deficit | $ | (696,911) |  |  | 3,739 |  |  | $ | (693,172) |
Total Stockholders' Equity | $ | 74,011 |  |  | 229 |  |  | $ | 74,240 |
| Nine Months Ended September 30, 2023
| As Previously Reported |  | Adjustments |  | As Restated
| (in thousands, except share and per share data)
Net Loss Attributable to Kartoon Studios, Inc. |  |  |  |  |
Other Income (Expense) | $ | (10,293) |  |  | 3,510 |  |  | $ | (6,783) |
Income Tax Benefit (Expense) | $ | 705 |  |  | 229 |  |  | $ | 934 |
Net Loss | $ | (55,551) |  |  | 3,739 |  |  | $ | (51,812) |
Net Loss Attributable to Kartoon Studios, Inc. | $ | (55,468) |  |  | 3,739 |  |  | $ | (51,729) |
Net Loss per Share (Basic) | $ | (1.67) |  |  | 0.11 |  |  | $ | (1.56) |
Net Loss per Share (Diluted) | $ | (1.67) |  |  | 0.11 |  |  | $ | (1.56) |
Weighted Average Shares Outstanding (Basic) | 33,160,228 |  |  |  | 33,160,228
Weighted Average Shares Outstanding (Diluted) | 33,160,228 |  |  |  | 33,160,228
Schedule of Marketable Security Measured at Fair Value | The following table summarizes the marketable securities measured at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2023 (in thousands):
| Level 1 |  | Level 2 |  | Total Fair Value
Investments in Marketable Securities: |  |  |  |  |
Corporate Bonds | $ | 5,908 |  |  | $ | – |  |  | $ | 5,908 |
U.S. Treasury | 609 |  |  | – |  |  | 609 |
U.S. agency and government sponsored securities | – |  |  | 1,852 |  |  | 1,852 |
U.S. states and municipalities | – |  |  | 3,581 |  |  | 3,581 |
Total | $ | 6,517 |  |  | $ | 5,433 |  |  | $ | 11,950 |

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