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v3.23.1

Restatement of Consolidated Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2022
Restatement of Consolidated Financial Statements [Abstract] |
Schedule of consolidated balance sheets |
|  | As of December 31, 2020 |
|  | As previously reported |  |  | Restatement Impacts |  |  | As Restated |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Warrant liability |  | $ | - |  |  | $ | 833 |  |  | $ | 833 |
Total non-current liabilities |  |  | 2,760 |  |  |  | 833 |  |  |  | 3,593 |
Total liabilities |  |  | 38,116 |  |  |  | 833 |  |  |  | 38,949 |
Additional paid-in capital |  |  | 20,657 |  |  |  | (11,498 | ) |  |  | 9,159 |
Retained earnings |  |  | 78,606 |  |  |  | 10,665 |  |  |  | 89,271 |
Total equity |  |  | 105,280 |  |  |  | (833 | ) |  |  | 104,447 |
Total liabilities and equity |  |  | 143,396 |  |  |  | - |  |  |  | 143,396 |
Schedule of consolidated statements of operations and comprehensive income/(loss) |
|  | For the Year Ended December 31, 2020 |
|  | As previously reported |  |  | Restatement Impacts |  |  | As Restated |
Change in fair value of warrant liability |  | $ | - |  |  | $ | 19,714 |  |  | $ | 19,714 |
Total other income |  |  | 249 |  |  |  | 19,714 |  |  |  | 19,963 |
Income before income tax |  |  | 30,918 |  |  |  | 19,714 |  |  |  | 50,632 |
Net income |  |  | 29,245 |  |  |  | 19,714 |  |  |  | 48,959 |
Net income attributable to Glory Star New Media Group Holdings Limited’s shareholders |  |  | 29,276 |  |  |  | 19,714 |  |  |  | 48,990 |
Comprehensive income |  |  | 35,740 |  |  |  | 19,714 |  |  |  | 55,454 |
Comprehensive income attributable to Glory Star New Media Group Holdings Limited’s shareholders |  |  | 35,744 |  |  |  | 19,714 |  |  |  | 55,458 |
Earnings per ordinary share |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 0.54 |  |  |  | 0.37 |  |  |  | 0.91 |
Dilutive |  |  | 0.50 |  |  |  | 0.33 |  |  |  | 0.83 |
Schedule of consolidated statements of cash flows |
|  | For the Year Ended December 31, 2020 |
|  | As previously reported |  |  | Restatement Impacts |  |  | As Restated |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net income |  | $ | 29,245 |  |  | $ | 19,714 |  |  | $ | 48,959 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of warrant liability |  |  | - |  |  |  | (19,714 | ) |  |  | (19,714 | )
Net cash provided by operating activities |  |  | 8,741 |  |  |  |  |  |  |  | 8,741 |

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