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Commitments and Contingencies | 3 Months Ended
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Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | Commitments and Contingencies The following is a schedule of future minimum cash contractual obligations as of March 31, 2024 (in thousands):
| 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Thereafter |  | Total
Operating Leases | $ | 1,438 |  |  | $ | 1,638 |  |  | $ | 1,643 |  |  | $ | 1,413 |  |  | $ | 1,069 |  |  | $ | 3,379 |  |  | $ | 10,580 |
Finance Leases | 782 |  |  | 668 |  |  | 281 |  |  | – |  |  | – |  |  | – |  |  | 1,731 |
Employment Contracts | 2,519 |  |  | 1,127 |  |  | – |  |  | – |  |  | – |  |  | – |  |  | 3,646 |
Consulting Contracts | 825 |  |  | – |  |  | – |  |  | – |  |  | – |  |  | – |  |  | 825 |
Debt | 2,940 |  |  | 8,292 |  |  | – |  |  | – |  |  | – |  |  | – |  |  | 11,232 |
| $ | 8,504 |  |  | $ | 11,725 |  |  | $ | 1,924 |  |  | $ | 1,413 |  |  | $ | 1,069 |  |  | $ | 3,379 |  |  | $ | 28,014 |
The present value discount of the minimum operating lease payments above was $3.0 million which when deducted from the cash commitments for the leases included in the table above, equates to the lease liabilities of $7.6 million recorded as of March 31, 2024 on the Company’s condensed consolidated balance sheet. Other Funding Commitments The Company enters into various agreements associated with its individual properties. Some of these agreements call for the potential future payment of royalties or “profit” participations for either (i) the use of third party intellectual property, in which the Company is obligated to share net profits with the underlying rights holders on a certain basis as defined in the respective agreements, or (ii) services rendered by animation studios, post-production studios, writers, directors, musicians or other creative talent for which the Company is obligated to share with these service providers a portion of the net profits of the properties on which they have rendered services, as defined in each respective agreement.

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