For the quarter ending 2026-03-31, TOON had $2,073K increase in cash & cash equivalents over the period. -$2,889K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -6,405 | -5,325 | -6,515 | -12,858 |
| Amortization of film and television costs | 306 | 751 | 46 | 107 |
| Other non-cash items | - | -21 | 0 | -13 |
| Depreciation and amortization of property, equipment and intangible assets | 677 | 657 | 651 | 1,277 |
| Amortization of right-of-use assets | 271 | 285 | 276 | 530 |
| Amortization of premium on marketable securities | 0 | 0 | 0 | -7 |
| Share based compensation expense | 191 | 154 | 42 | 135 |
| Impairment of film and television costs | - | 28 | - | 0 |
| Impairment of intangible assets | - | 767 | - | - |
| Loss on debt settlement | -124 | -541 | -1,212 | - |
| Gain on early lease termination | - | 0 | 0 | 4 |
| Loss on share exchange | - | 0 | 286 | - |
| Deferred income taxes | - | -135 | - | - |
| Loss on settlement of related party note | - | - | - | 1,344 |
| Loss on partial disposal of equity investment in your family entertainment ag | - | 0 | 1,518 | - |
| Loss on revaluation of equity investments in your family entertainment ag | 2,957 | 1,237 | 1,175 | 7,418 |
| Unrealized loss (gain) on foreign currency of equity investments in your family entertainment ag | -131 | 22 | -8 | 1,761 |
| Accounts payable settled in stock | 558 | 2,209 | - | - |
| Loss on transaction | - | 0 | - | - |
| Gain on warrant revaluation | 0 | 0 | 0 | 232 |
| Realized gain on marketable securities | 0 | 0 | -9 | -28 |
| Stock issued for services | 583 | 52 | 95 | 81 |
| Stock options issued to consultants | - | 43 | - | - |
| Stock options issued for services | -43 | - | 39 | 4 |
| Credit loss expense (recovery) | 13 | 34 | 40 | 61 |
| Non-cash interest expense | 43 | 44 | 29 | - |
| Accounts receivable | -6,316 | 1,259 | 1,693 | -5,050 |
| Other receivable | 219 | 273 | -364 | 149 |
| Tax credits earned (less capitalized) | 2,105 | 2,722 | 3,028 | 5,889 |
| Tax credits received, net | -225 | -3,476 | -707 | -5,069 |
| Employee retention tax credit receivable | - | 0 | - | - |
| Film and television costs, net | 2,347 | 1,232 | 674 | 1,952 |
| Prepaid expenses and other assets | 344 | -290 | -216 | 750 |
| Accounts payable | -4,959 | 3,169 | 2,160 | -5,221 |
| Accrued salaries and wages | 55 | -414 | -128 | 656 |
| Accrued expenses | 1,857 | -779 | 241 | 872 |
| Accrued production costs | 181 | 160 | 62 | 11 |
| Due to related party | - | 0 | 0 | 3 |
| Participations payable | 0 | 77 | -126 | -366 |
| Deferred revenue | -729 | -1,180 | -920 | 213 |
| Lease liability | -244 | -233 | -231 | -447 |
| Other liabilities | 8 | 3 | -14 | -4 |
| Net cash used in operating activities | -2,856 | 381 | -5,497 | -6,290 |
| Repayments from related party for note receivables | - | 0 | 400 | 0 |
| Proceeds from sales and maturities of marketable securities | 2,972 | 998 | 691 | 3,152 |
| Investment in marketable securities | 0 | 4,951 | 0 | 1,771 |
| Investment in intangible assets, net | - | - | - | 0 |
| Purchase of property and equipment | 33 | 35 | 36 | 80 |
| Repayments of bank indebtedness, net | - | 0 | 0 | 0 |
| Net cash provided by (used in) investing activities | 2,939 | -3,988 | 1,055 | 1,301 |
| Proceeds from sale of investment | - | 829 | - | - |
| Proceeds from margin loan | 2,627 | -6 | 698 | 5,223 |
| Proceeds from sale of equity investment in your family entertainment ag | - | - | 829 | - |
| Placement agent fee paid in cash | - | 511 | - | - |
| Proceeds from securities purchase agreement, net | - | 7,046 | 0 | 0 |
| Shares withheld for taxes on vested restricted shares | - | 1 | 0 | 0 |
| Repayments of margin loan | 2,627 | -6 | 812 | 6,005 |
| Proceeds from production facilities | 1,842 | 2,475 | 2,555 | 5,221 |
| Proceeds from ertc factoring transaction | - | - | 484 | - |
| Proceeds from factoring transaction | - | 484 | - | - |
| Repayment of production facilities | 12 | 3,590 | 518 | 4,476 |
| Principal payments on finance lease obligations | 48 | 84 | 101 | 208 |
| Debt issuance costs | 1 | 9 | 41 | 29 |
| Proceeds from warrant exercise | 0 | 0 | 0 | 1 |
| Net cash provided by (used in) financing activities | 1,781 | 5,326 | 3,094 | -273 |
| Effect of exchange rate changes on cash | 209 | -206 | 210 | -555 |
| Net (decrease) increase in cash and restricted cash | 2,073 | 1,513 | -1,138 | -5,817 |
| Beginning cash and restricted cash | 2,943 | 6,955 | 8,385 | - |
| Ending cash and restricted cash | 5,016 | 1,513 | 1,430 | - |
Kartoon Studios, Inc. (TOON)
Kartoon Studios, Inc. (TOON)