Gaia (GAIA) 10-Q 9 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 04, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	GAIA
Entity Registrant Name	GAIA, INC
Entity Central Index Key	1,089,872
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		9,737,700
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,400,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash	$ 6,212	$ 1,266
Accounts receivable	562	465
Prepaid expenses and other current assets	1,242	729
Current assets of discontinued operations	29,641	68,860
Total current assets	37,657	71,320
Property, equipment, and media library, net	31,560	29,524
Goodwill and other intangibles, net	10,816	10,816
Investments and other assets	1,483	1,549
Noncurrent assets of discontinued operations	8,189	15,333
Total assets	89,705	128,542
Current liabilities:
Accounts payable and accrued liabilities	6,557	6,081
Deferred revenue	1,897	1,454
Current liabilities of discontinued operations	3,544	32,214
Total current liabilities	11,998	39,749
Commitments and contingencies
Gaia, Inc. shareholders' equity:
Additional paid-in capital	174,218	172,371
Accumulated other comprehensive loss	(368)	(399)
Accumulated deficit	(98,099)	(88,035)
Total Gaia, Inc. shareholders' equity	75,754	83,940
Noncontrolling interest	1,953	4,853
Total equity	77,707	88,793
Total liabilities and equity	89,705	128,542
Class A Common Stock [Member]
Gaia, Inc. shareholders' equity:
Common stock	2	2
Class B Common Stock
Gaia, Inc. shareholders' equity:
Common stock	$ 1	$ 1

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Class A Common Stock [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	19,374,548	19,130,681
Common stock, shares outstanding	19,374,548	19,130,681
Class B Common Stock
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	5,400,000	5,400,000
Common stock, shares outstanding	5,400,000	5,400,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net revenues
Streaming	$ 3,610	$ 2,585	$ 6,839	$ 5,115
DVD Subscription and other	588	700	1,189	1,276
Total net revenues	4,198	3,285	8,028	6,391
Cost of revenues
Streaming	667	603	1,316	1,177
DVD Subscription and other	80	86	144	176
Total cost of revenues	747	689	1,460	1,353
Gross profit	3,451	2,596	6,568	5,038
Expenses:
Selling and operating	4,992	3,176	10,847	7,486
Corporate, general and administration	1,426	1,322	2,776	2,285
Total expenses	6,418	4,498	13,623	9,771
Loss from operations	(2,967)	(1,902)	(7,055)	(4,733)
Interest and other expense, net	(117)	(58)	(153)	(265)
Loss before income taxes	(3,084)	(1,960)	(7,208)	(4,998)
Income tax expense	1		2
Net loss from continuing operations	(3,085)	(1,960)	(7,210)	(4,998)
Income (loss) from discontinued operations, net of tax	646	843	(2,854)	(11)
Net loss	$ (2,439)	$ (1,117)	$ (10,064)	$ (5,009)
Net (loss) income per share -basic and diluted:
From continuing operations	$ (0.13)	$ (0.08)	$ (0.29)	$ (0.20)
From discontinued operations	0.03	0.03	(0.12)	0
Net loss per share	$ (0.10)	$ (0.05)	$ (0.41)	$ (0.20)
Weighted-average shares outstanding:
Basic	24,580	24,511	24,555	24,501
Diluted	24,580	24,610	24,555	24,501

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net loss attributable to Gaia shareholders	$ (2,439)	$ (1,117)	$ (10,064)	$ (5,009)
Net income attributable to the noncontrolling interest included in discontinued operations	370	8	310	16
Total net loss before noncontrolling interest	(2,069)	(1,109)	(9,754)	(4,993)
Accumulated other comprehensive (loss) income:
Foreign currency translation (loss) gain, net of tax	(16)	(25)	59	(92)
Comprehensive loss	(2,085)	(1,134)	(9,695)	(5,085)
Less: comprehensive loss (income) attributable to the noncontrolling interest	(450)	35	(338)	49
Comprehensive loss attributable to Gaia, Inc.	$ (2,535)	$ (1,099)	$ (10,033)	$ (5,036)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating activities
Net loss	$ (10,064)	$ (5,009)
Loss from discontinued operations	2,854	11
Net loss from continuing operations	(7,210)	(4,998)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities-continuing operations:
Depreciation and amortization	1,911	1,550
Loss on remeasurement of foreign currency		261
Share-based compensation expense	90	78
Changes in operating assets and liabilities:
Accounts receivable, net	(97)	(232)
Prepaid expenses and other assets	(419)	(430)
Accounts payable and accrued liabilities	479	1,784
Deferred revenue	443	435
Net cash used in operating activities-continuing operations	(4,803)	(1,552)
Net cash provided by operating activities-discontinued operations	3,251	3,170
Net cash (used in) provided by operating activities	(1,552)	1,618
Investing activities
Additions to property, equipment and media library	(3,951)	(2,733)
Proceeds from the sale of Natural Habitat	11,333
Net cash provided by (used in) investing activities-continuing operations	7,382	(2,733)
Net cash used in investing activities-discontinued operations	(319)	(1,479)
Net cash provided by (used in) investing activities	7,063	(4,212)
Financing activities
Proceeds from issuance of stock	1,379	151
Drawdowns on line of credit	3,000
Repayments on line of credit	(3,000)
Dividends paid to noncontrolling interest	(1,944)	(486)
Net cash used in financing activities	(565)	(335)
Effect of exchange rates on cash		(216)
Net change in cash	4,946	(3,145)
Cash at beginning of period	1,266	3,821
Cash at end of period	6,212	676
Supplemental cash flow information
Income taxes paid	260	594
Supplemental cash flow information- discontinued operations
Depreciation and amortization	767	836
Share-based compensation expense	380	394
Additions to property, equipment, and media library	$ (319)	$ (1,479)

Organization, Nature of Operati

Organization, Nature of Operations, and Principles of Consolidation	6 Months Ended
	Jun. 30, 2016
Organization, Nature of Operations, and Principles of Consolidation	1. Organization, Nature of Operations, and Principles of Consolidation Gaia, Inc. (formerly known as Gaiam, Inc.) was incorporated under the laws of the State of Colorado on July 7, 1988. We operate a global digital video subscription service and on-line community which caters to a unique and underserved subscriber base. Our digital content is available to our subscribers on most Internet connected devices anytime, anywhere commercial free. The subscription also allows our subscribers to download and view files in the library without being actively connected to the internet. Through our online Gaia subscription service, our customers have unlimited access to a vast library of inspiring films, personal growth related content, cutting edge documentaries, interviews, yoga classes, and more – 90% of which is exclusively available to our subscribers for digital streaming. We have prepared the accompanying unaudited interim condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”) and they include our accounts and those of our subsidiaries. Intercompany transactions and balances have been eliminated. The unaudited condensed consolidated financial position, results of operations and cash flows for the interim periods disclosed in this report are not necessarily indicative of future financial results. Divestiture of the Brand Business, Management Changes, Tender Offer, and Name Change On May 4, 2016 and July 1, 2016, we completed the sale of the components of our former Gaiam Brand segment in two separate transactions, which previously represented the majority of our operating revenues and expenses. The terms and implications of the sale are discussed in Note 2. Our current business which remains after the sale primarily consists of our former Gaia segment, and we now have only one business segment. In connection with the sale, we appointed new executive officers, including Jirka Rysavy as Chief Executive Officer and Paul Tarell as Chief Financial Officer. We used a portion of the proceeds from the sale to conduct a tender offer to purchase 9,636,848 shares of our Class A common stock and 842,114 stock options at $7.75 per share. On July 14, 2016, we changed our name from Gaiam, Inc. to Gaia, Inc. Use of Estimates and Reclassifications The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the accompanying financial statements and disclosures. Although we base these estimates on our best knowledge of current events and actions that we may undertake in the future, actual results may be different from the estimates. We have made certain reclassifications to prior period amounts to conform to the current period presentations. Recent Accounting Pronouncements The Financial Accounting Standards Board has issued Accounting Standards Update (“ASU”) No. 2015-17, Income Taxes - Balance Sheet Classification of Deferred Taxes (Topic 740). The amendments under the new guidance require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The guidance is effective for consolidated financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted for all entities as of the beginning of an interim or annual reporting period. We adopted this guidance effective April 1, 2016, and it did not have a material impact on our reported financial position or results of operations.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2016
Discontinued Operations	2. Discontinued Operations Sale of the Gaiam Brand Business and Natural Habitat On May 4, 2016 we sold our 51.4% equity interest in Natural Habitat, Inc. (“Natural Habitat”), our eco-travel subsidiary, in exchange for $12.85 million in cash, and recognized a gain of $10.3 million as disclosed in our Current Report on Form 8-K filed May 10, 2016. On July 1, 2016, we sold the assets and liabilities of our Gaiam Brand business in exchange for a gross purchase price of $167.0 million subject to post-closing adjustments and recognized a preliminary gain of approximately $120.8 million before taxes as disclosed in our Current Reports on Form 8-K The Gaiam Brand business and our interest in our eco-travel subsidiary constituted all the assets and liabilities of our Gaiam Brand segment. Discontinued Operations The assets and liabilities, operating results, and cash flows of our Gaiam Brand business and Natural Habitat are presented as discontinued operations, separate from our continuing operations, for all periods presented in these interim condensed consolidated financial statements and footnotes, unless otherwise indicated. Discontinued operating results for 2015 also include legal expenses associated with the sale of our DVD distribution business to Cinedigm. We were involved in legal disputes with Cinedigm associated with the sale, which were settled during 2015. The assets and liabilities in the following table as of December 31, 2015 include the Natural Habitat business, and the assets and liabilities as of June 30, 2016 consist of the Gaiam Brand business only. The major components of assets and liabilities of our discontinued operations were as follows: (in thousands) June 30, December 31, Current assets: Cash $ 898 $ 12,605 Accounts receivable, net 11,454 26,441 Inventory, less allowances 15,234 17,302 Other current assets 2,055 12,512 Total current assets of discontinued operations $ 29,641 $ 68,860 Property, equipment and media library, net 4,474 6,237 Goodwill and other intangibles, net 1,877 5,497 Other assets 1,838 3,599 Total noncurrent assets of discontinued operations $ 8,189 $ 15,333 Current liabilities: Accounts payable and accrued liabilities $ 3,544 $ 32,214 Total current liabilities of discontinued operations $ 3,544 $ 32,214 The income from discontinued operations amounts as reported on our consolidated statements of operations were comprised of the following amounts: For the Three Months Ended For the Six Months Ended (in thousands, except per share data) 2016 2015 2016 2015 (unaudited) (unaudited) Net revenue $ 21,130 $ 37,862 $ 52,627 $ 72,393 Cost of goods sold 14,640 22,403 32,975 42,291 Gross profit 6,490 15,459 19,652 30,102 Operating expenses 15,321 14,655 32,599 29,818 Loss (income) from operations (8,831 ) 804 (12,947 ) 284 Other (expense) income (310 ) 173 234 (105 ) (Loss) income before income taxes and noncontrolling interest (9,141 ) 977 (12,713 ) 179 Income tax expense (170 ) (126 ) (158 ) (174 ) Income from discontinued operations attributable to the non-controlling interest, net of tax (370 ) (8 ) (310 ) (16 ) (Loss) income from the operation of discontinued operations (9,681 ) 843 (13,181 ) (11 ) Gain on disposal of discontinued operations: Gain on sale of Natural Habitat, net of tax 10,327 — 10,327 — Income (loss) from discontinued operations, net of tax $ 646 $ 843 $ (2,854 ) $ (11 ) Prior to its divestiture in May 2016, Natural Habitat used derivative instruments to manage a portion of its exposure to changes in currency exchange rates due to payments made to foreign tour operators. The cash flow effects of these derivative contracts during 2016 are included in Net cash used in operating activities—discontinued operations in the Statements of Cash Flows. Realized and unrealized gains and losses on currency derivatives without hedge accounting designation are included in Income from discontinued operations, net of tax in the accompanying statements of operations. For the three and six month periods ended June 30, 2016 the gain recognized was $0.4 million and $1.3 million, respectively. The asset related to the fair value of the hedging instrument was included in Current assets of discontinued operations in the accompanying balance sheet prior to the sale.

Credit Facility

Credit Facility	6 Months Ended
	Jun. 30, 2016
Credit Facility	3. Credit Facility In 2015 Boulder Road LLC, a subsidiary of Gaia, entered into a revolving line of credit agreement with a bank in the amount of $5.5 million. The note bears interest at the prime rate plus 3.25%, is guaranteed by us, and is secured by a Deed of Trust filed against the real property on which our principal offices are located. The value of our principal offices is in excess of the amount of the line of credit. During the six months ended June 30, 2016, Boulder Road LLC drew and repaid $3.0 million on the line of credit. No amounts were outstanding under the line of credit as of June 30, 2016.

Equity

Equity	6 Months Ended
	Jun. 30, 2016
Equity	4. Equity During the first six months of 2016, we issued 11,000 shares of our Class A common stock under our 2009 Long-Term Incentive Plan to our independent directors, in lieu of cash compensation, for services rendered in 2016. We valued the shares issued to our independent directors at estimated fair value based on the closing price of our shares on the date the shares were issued, which by policy is the last trading day of each quarter in which the services were rendered. In June, we issued 50,000 shares of our Class A common stock as a charitable contribution to a local organization. We valued the shares at the closing market price of our shares on the date they were issued and recorded a charitable contribution expense of $0.4 million. During the first six months of 2016, we issued 183,000 shares of our Class A common stock with net proceeds of $1.0 million in connection with option exercises. The following is a reconciliation from December 31, 2015 to June 30, 2016 of the carrying amount of total equity, equity attributable to Gaia, Inc., and equity attributable to the noncontrolling interest. Gaia, Inc. Shareholders (in thousands) Total Comprehensive Accumulated Accumulated Class A Paid-in Noncontrolling Balance at December 31, 2015 $ 88,793 $ (88,035 ) $ (399 ) $ 3 $ 172,371 $ 4,853 Issuance of Gaia, Inc. common stock for stock option exercises, share-based compensation and charitable contribution 1,847 — — — 1,847 — Elimination of noncontrolling interest resulting from the sale of Natural Habitat (1,294 ) — — — — (1,294 ) Dividends paid to noncontrolling interest (1,944 ) — — — — (1,944 ) Comprehensive loss: Net income (9,754 ) (9,754 ) (10,064 ) — — — 310 Foreign currency translation adjustment 59 59 — 31 — — 28 Comprehensive loss $ (9,695 ) Balance at June 30, 2016 $ 77,707 $ (98,099 ) $ (368 ) $ 3 $ 174,218 $ 1,953 Tender Offer Effective July 1, 2016, we used a portion of the proceeds from the sale of the Gaiam Brand business to conduct a tender offer to purchase 9,636,848 shares of our Class A common stock and 842,114 stock options at a price of $7.75 per share. In connection with the Gaiam Brand business sale, employee stock options to purchase 189,610 shares received accelerated vesting and were repurchased in the stock option tender amounts above. Subsequent to the Gaiam Brand business sale options to purchase 194,610 shares were cancelled. As a result of the tender offer, our outstanding shares decreased significantly.

Share-Based Payments

Share-Based Payments	6 Months Ended
	Jun. 30, 2016
Share-Based Payments	5. Share-Based Payments During the first six months of 2016 and 2015, we extended the term of certain options granted under our 2009 Long-Term Incentive Plan to members of our executive team for an additional three months, and recognized $40,000 and $50,000 of associated stock compensation expense. Total share-based compensation expense is reported in corporate, general and administration expenses on our condensed consolidated statements of operations.

Net Income (Loss) per Share

Net Income (Loss) per Share	6 Months Ended
	Jun. 30, 2016
Net Income (Loss) per Share	6. Net Income (Loss) per Share Basic net income (loss) per share excludes any dilutive effects of options. We compute basic net income (loss) per share using the weighted average number of shares of common stock outstanding during the period. We compute diluted net income (loss) per share using the weighted average number of shares of common stock and common stock equivalents outstanding during the period. We excluded common stock equivalents of 890,000 and 985,000 from the computation of diluted net loss per share for the three months ended June 30, 2016 and 2015, respectively, and 939,000 and 987,000 for the six months ended June 30, 2016 and 2015, respectively, because their effect was antidilutive. The following table sets forth the computation of basic and diluted net income (loss) per share: Three Months Ended Six Months Ended (in thousands, except per share data) 2016 2015 2016 2015 Net (loss) income: Loss from continuing operations $ (3,085 ) $ (1,960 ) $ (7,210 ) $ (4,998 ) Income (loss) from discontinued operations 646 843 (2,854 ) (11 ) Net loss $ (2,439 ) $ (1,117 ) $ (10,064 ) $ (5,009 ) Weighted average shares for basic net (loss) income per share 24,580 24,511 24,555 24,501 Effect of dilutive securities — 99 — — Weighted average shares for diluted net (loss) income per share 24,580 24,610 24,555 24,501 Net (loss) income per share —basic and diluted: Loss from continuing operations $ (0.13 ) $ (0.08 ) $ (0.29 ) $ (0.20 ) Income (loss) from discontinued operations $ 0.03 $ 0.03 $ (0.12 ) $ (0.00 ) Basic and diluted net (loss) income per share $ (0.10 ) $ (0.05 ) $ (0.41 ) $ (0.20 )

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Taxes	7. Income Taxes During 2013, we determined that a full valuation allowance against our deferred tax assets was necessary due to the cumulative loss incurred over the three-year period ended December 31, 2013. Since that time, we have continued to provide a full valuation allowance against deferred tax assets. As income is generated in future periods, the Company expects to reverse the valuation allowance as utilization of the deferred tax assets occurs. As of June 30, 2016, our gross net operating losses were $94.6 million and $26.2 million for federal and state, respectively.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2016
Segment Information	8. Segment Information Prior to June 30, 2016, we managed our company and aggregated our operational and financial information in two reportable segments, which were aligned based on their products or services. Gaia: This segment includes our digital video streaming service. Previously known as Gaiam TV, it also includes the results of Boulder Road LLC. This segment represents our ongoing business, and the accompanying financial statements show the results of this business segment. Gaiam Brand: This segment included all our branded yoga, fitness, and wellness products. It also included Natural Habitat until May 4, 2016. As discussed above, we completed the sale of the remaining Gaiam Brand business on July 1, 2016. The results of operations of the Gaiam Brand segment are shown as discontinued operations in the accompanying financial statements. From July 1, 2016 forward, our chief operating decision maker reviews operating results on a consolidated basis and we therefore have one reportable segment.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies	9. Commitments and Contingencies From time to time, we are involved in legal proceedings that we consider to be in the normal course of business. Claimed amounts against us may be substantial but may not bear any reasonable relationship to the merits of the claim or the extent of any real risk of court or arbitral awards. We record accruals for losses related to those matters against us that we consider to be probable and that can be reasonably estimated. Although it is not feasible to predict the outcome of these matters with certainty, it is reasonably possible that some legal proceedings may be disposed of or decided unfavorably to us and in excess of the amounts currently accrued. Based on available information, in the opinion of management, settlements, arbitration awards and final judgments, if any, which are considered probable of being rendered against us in litigation or arbitration in existence at June 30, 2016 and can be reasonably estimated are reserved against or would not have a material adverse effect on our financial condition, results of operations or cash flows.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2016
Subsequent Events	10. Subsequent Events On February 26, 2015, our board of directors and the board of directors of our subsidiary Gaia International, Inc. (formerly known as Gaia, Inc.) approved the Long-Term Deferred Equity Plan (the “deferred equity plan”) as an incentive plan for the management of our Gaia segment. In anticipation of the previously contemplated spin-off, our board of directors and the board of directors of our subsidiary Gaia International, Inc. granted restricted stock units (“RSUs”) of Gaia International, Inc.’s Class A common stock under the deferred equity plan to certain of our officers and employees involved in the Gaia segment. As previously authorized by our board of directors, on July 1, 2016 in connection with the closing of the Brand Business sale, the RSU’s granted under the deferred equity plan were exchanged for 348,841 RSU’s under our 2009 Long-Term Incentive Plan. In connection with the exchanges, each recipient entered into an individual restricted stock unit award agreement with the following terms: (i) the recipient is entitled to receive one share of Class A common stock for each RSU upon vesting, and (ii) the RSUs will vest on March 16, 2020, provided that the recipient is still an employee or director of our company on such date. The RSUs will be automatically forfeited and of no further force and effect if either of the vesting conditions are not met.

Organization, Nature of Opera17

Organization, Nature of Operations, and Principles of Consolidation (Policies)	6 Months Ended
	Jun. 30, 2016
Basis of Accounting	Gaia, Inc. (formerly known as Gaiam, Inc.) was incorporated under the laws of the State of Colorado on July 7, 1988. We operate a global digital video subscription service and on-line community which caters to a unique and underserved subscriber base. Our digital content is available to our subscribers on most Internet connected devices anytime, anywhere commercial free. The subscription also allows our subscribers to download and view files in the library without being actively connected to the internet. Through our online Gaia subscription service, our customers have unlimited access to a vast library of inspiring films, personal growth related content, cutting edge documentaries, interviews, yoga classes, and more – 90% of which is exclusively available to our subscribers for digital streaming. We have prepared the accompanying unaudited interim condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”) and they include our accounts and those of our subsidiaries. Intercompany transactions and balances have been eliminated. The unaudited condensed consolidated financial position, results of operations and cash flows for the interim periods disclosed in this report are not necessarily indicative of future financial results.
Use of Estimates and Reclassifications	Use of Estimates and Reclassifications The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the accompanying financial statements and disclosures. Although we base these estimates on our best knowledge of current events and actions that we may undertake in the future, actual results may be different from the estimates. We have made certain reclassifications to prior period amounts to conform to the current period presentations.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Financial Accounting Standards Board has issued Accounting Standards Update (“ASU”) No. 2015-17, Income Taxes - Balance Sheet Classification of Deferred Taxes (Topic 740). The amendments under the new guidance require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The guidance is effective for consolidated financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted for all entities as of the beginning of an interim or annual reporting period. We adopted this guidance effective April 1, 2016, and it did not have a material impact on our reported financial position or results of operations.

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2016
Major Components of Assets and Liabilities of Discontinued Operations	The major components of assets and liabilities of our discontinued operations were as follows: (in thousands) June 30, December 31, Current assets: Cash $ 898 $ 12,605 Accounts receivable, net 11,454 26,441 Inventory, less allowances 15,234 17,302 Other current assets 2,055 12,512 Total current assets of discontinued operations $ 29,641 $ 68,860 Property, equipment and media library, net 4,474 6,237 Goodwill and other intangibles, net 1,877 5,497 Other assets 1,838 3,599 Total noncurrent assets of discontinued operations $ 8,189 $ 15,333 Current liabilities: Accounts payable and accrued liabilities $ 3,544 $ 32,214 Total current liabilities of discontinued operations $ 3,544 $ 32,214
Income from Discontinued Operations Amounts as Reported on Consolidated Statements of Operations	The income from discontinued operations amounts as reported on our consolidated statements of operations were comprised of the following amounts: For the Three Months Ended For the Six Months Ended (in thousands, except per share data) 2016 2015 2016 2015 (unaudited) (unaudited) Net revenue $ 21,130 $ 37,862 $ 52,627 $ 72,393 Cost of goods sold 14,640 22,403 32,975 42,291 Gross profit 6,490 15,459 19,652 30,102 Operating expenses 15,321 14,655 32,599 29,818 Loss (income) from operations (8,831 ) 804 (12,947 ) 284 Other (expense) income (310 ) 173 234 (105 ) (Loss) income before income taxes and noncontrolling interest (9,141 ) 977 (12,713 ) 179 Income tax expense (170 ) (126 ) (158 ) (174 ) Income from discontinued operations attributable to the non-controlling interest, net of tax (370 ) (8 ) (310 ) (16 ) (Loss) income from the operation of discontinued operations (9,681 ) 843 (13,181 ) (11 ) Gain on disposal of discontinued operations: Gain on sale of Natural Habitat, net of tax 10,327 — 10,327 — Income (loss) from discontinued operations, net of tax $ 646 $ 843 $ (2,854 ) $ (11 )

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2016
Summary of Reconciliation of Carrying Amount of Total Equity	The following is a reconciliation from December 31, 2015 to June 30, 2016 of the carrying amount of total equity, equity attributable to Gaia, Inc., and equity attributable to the noncontrolling interest. Gaia, Inc. Shareholders (in thousands) Total Comprehensive Accumulated Accumulated Class A Paid-in Noncontrolling Balance at December 31, 2015 $ 88,793 $ (88,035 ) $ (399 ) $ 3 $ 172,371 $ 4,853 Issuance of Gaia, Inc. common stock for stock option exercises, share-based compensation and charitable contribution 1,847 — — — 1,847 — Elimination of noncontrolling interest resulting from the sale of Natural Habitat (1,294 ) — — — — (1,294 ) Dividends paid to noncontrolling interest (1,944 ) — — — — (1,944 ) Comprehensive loss: Net income (9,754 ) (9,754 ) (10,064 ) — — — 310 Foreign currency translation adjustment 59 59 — 31 — — 28 Comprehensive loss $ (9,695 ) Balance at June 30, 2016 $ 77,707 $ (98,099 ) $ (368 ) $ 3 $ 174,218 $ 1,953

Net Income (Loss) per Share (Ta

Net Income (Loss) per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Computation of Basic and Diluted Net Income (Loss) Per Share	The following table sets forth the computation of basic and diluted net income (loss) per share: Three Months Ended Six Months Ended (in thousands, except per share data) 2016 2015 2016 2015 Net (loss) income: Loss from continuing operations $ (3,085 ) $ (1,960 ) $ (7,210 ) $ (4,998 ) Income (loss) from discontinued operations 646 843 (2,854 ) (11 ) Net loss $ (2,439 ) $ (1,117 ) $ (10,064 ) $ (5,009 ) Weighted average shares for basic net (loss) income per share 24,580 24,511 24,555 24,501 Effect of dilutive securities — 99 — — Weighted average shares for diluted net (loss) income per share 24,580 24,610 24,555 24,501 Net (loss) income per share —basic and diluted: Loss from continuing operations $ (0.13 ) $ (0.08 ) $ (0.29 ) $ (0.20 ) Income (loss) from discontinued operations $ 0.03 $ 0.03 $ (0.12 ) $ (0.00 ) Basic and diluted net (loss) income per share $ (0.10 ) $ (0.05 ) $ (0.41 ) $ (0.20 )

Organization, Nature of Opera21

Organization, Nature of Operations, and Principles of Consolidation - Additional Information (Detail)	Jul. 01, 2016$ / sharesshares	Jun. 30, 2016TransactionsSegment
Restructuring and Related Activities [Abstract]
Entity Incorporation, Date of Incorporation		Jul. 7, 1988
Percentage of digital streaming exclusively available for subscribers		90.00%
Gaiam Brand Business [Member]
Restructuring and Related Activities [Abstract]
Disposal date		Jul. 1, 2016
Number of transactions entered for sale of business | Transactions		2
Number of business segment | Segment		1
Subsequent Event [Member] | Stock Option [Member]
Restructuring and Related Activities [Abstract]
Repurchase of common stock,shares	842,114
Repurchase of common stock, per share amount | $ / shares	$ 7.75
Subsequent Event [Member] | Class A Common Stock [Member]
Restructuring and Related Activities [Abstract]
Repurchase of common stock,shares	9,636,848

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Detail) - USD ($) $ in Thousands	Jul. 01, 2016	May 04, 2016	Jun. 30, 2016	Jun. 30, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain recognized on currency derivatives without hedge			$ 400	$ 1,300
Natural Habitat, Inc. [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on disposal of discontinued operations		$ 10,300
Percentage of noncontrolling interest in subsidiaries		51.40%
Gaiam Brand Business [Member] | Natural Habitat, Inc. [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of subsidiary		$ 12,850
Subsequent Event [Member] | Gaiam Brand Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross purchase price of assets and liabilities of discontinued operations	$ 167,000
Gain (loss) on disposal of discontinued operations	$ 120,800

Discontinued Operations - Major

Discontinued Operations - Major Components of Assets and Liabilities of Discontinued Operations (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash	$ 898	$ 12,605
Accounts receivable, net	11,454	26,441
Inventory, less allowances	15,234	17,302
Other current assets	2,055	12,512
Total current assets of discontinued operations	29,641	68,860
Property, equipment and media library, net	4,474	6,237
Goodwill and other intangibles, net	1,877	5,497
Other assets	1,838	3,599
Total noncurrent assets of discontinued operations	8,189	15,333
Current liabilities:
Accounts payable and accrued liabilities	3,544	32,214
Total current liabilities of discontinued operations	$ 3,544	$ 32,214

Discontinued Operations - Incom

Discontinued Operations - Income from Discontinued Operations Amounts as Reported on Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenue	$ 21,130	$ 37,862	$ 52,627	$ 72,393
Cost of goods sold	14,640	22,403	32,975	42,291
Gross profit	6,490	15,459	19,652	30,102
Operating expenses	15,321	14,655	32,599	29,818
Loss (income) from operations	(8,831)	804	(12,947)	284
Other (expense) income	(310)	173	234	(105)
(Loss) income before income taxes and noncontrolling interest	(9,141)	977	(12,713)	179
Income tax expense	(170)	(126)	(158)	(174)
Income from discontinued operations attributable to the non-controlling interest, net of tax	(370)	(8)	(310)	(16)
(Loss) income from the operation of discontinued operations	(9,681)	843	(13,181)	(11)
Gain on disposal of discontinued operations:
Income (loss) from discontinued operations, net of tax	646	$ 843	(2,854)	$ (11)
Natural Habitat, Inc. [Member]
Gain on disposal of discontinued operations:
Gain on disposal of discontinued operations	$ 10,327		$ 10,327

Credit Facility - Additional In

Credit Facility - Additional Information (Detail) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Line of Credit Facility [Line Items]
Repayments of lines of credit	$ 3,000,000
Revolving Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of credit, maximum borrowing capacity		$ 5,500,000
Line of credit facility, amount outstanding	0
Repayments of lines of credit	$ 3,000,000
Revolving Line of Credit [Member] | Prime Rate [Member]
Line of Credit Facility [Line Items]
Basis spread on variable interest rate		3.25%

Equity - Additional Information

Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Jul. 01, 2016	Jun. 30, 2016
Stock Option [Member] | Subsequent Event [Member]
Equity [Line Items]
Repurchase of common stock, shares	842,114
Repurchase of common stock, per share amount	$ 7.75
Tender Offer [Member] | Stock Option [Member] | Subsequent Event [Member]
Equity [Line Items]
Number of shares cancelled during period	194,610
Tender Offer [Member] | Stock Option [Member] | Gaiam Brand Business [Member] | Subsequent Event [Member]
Equity [Line Items]
Repurchase of common stock, shares	842,114
Repurchase of common stock, per share amount	$ 7.75
Tender Offer [Member] | Stock Option [Member] | Gaiam Brand Business [Member] | Subsequent Event [Member] | Accelerated Vesting [Member]
Equity [Line Items]
Repurchase of common stock, shares	189,610
Class A Common Stock [Member]
Equity [Line Items]
Issuance of shares for charitable contribution		50,000
Payments of stock issuance cost for charitable contribution		$ 0.4
Issuance of common stock options exercises		183,000
Proceeds from stock options exercised		$ 1
Class A Common Stock [Member] | Subsequent Event [Member]
Equity [Line Items]
Repurchase of common stock, shares	9,636,848
Class A Common Stock [Member] | Tender Offer [Member] | Gaiam Brand Business [Member] | Subsequent Event [Member]
Equity [Line Items]
Repurchase of common stock, shares	9,636,848
Class A Common Stock [Member] | Long-Term Incentive Plan 2009 [Member]
Equity [Line Items]
Issuance of shares for compensation		11,000

Equity - Summary of Reconciliat

Equity - Summary of Reconciliation of Carrying Amount of Total Equity (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Equity [Line Items]
Beginning Balance			$ 88,793
Issuance of Gaia, Inc. common stock for stock option exercises, share-based compensation and charitable contribution			1,847
Elimination of noncontrolling interest resulting from the sale of Natural Habitat			(1,294)
Dividends paid to noncontrolling interest			(1,944)
Comprehensive loss:
Net income	$ (2,439)	$ (1,117)	(10,064)	$ (5,009)
Foreign currency translation adjustment	(16)	(25)	59	(92)
Comprehensive loss	(2,085)	$ (1,134)	(9,695)	$ (5,085)
Ending Balance	77,707		77,707
Comprehensive Loss [Member]
Comprehensive loss:
Net income			(9,754)
Foreign currency translation adjustment			59
Comprehensive loss			(9,695)
Accumulated Deficit [Member]
Equity [Line Items]
Beginning Balance			(88,035)
Comprehensive loss:
Net income			(10,064)
Ending Balance	(98,099)		(98,099)
Accumulated Other Comprehensive Loss [Member]
Equity [Line Items]
Beginning Balance			(399)
Comprehensive loss:
Foreign currency translation adjustment			31
Ending Balance	(368)		(368)
Class A and Class B Common Stock [Member]
Equity [Line Items]
Beginning Balance			3
Comprehensive loss:
Ending Balance	3		3
Paid-in Capital [Member]
Equity [Line Items]
Beginning Balance			172,371
Issuance of Gaia, Inc. common stock for stock option exercises, share-based compensation and charitable contribution			1,847
Comprehensive loss:
Ending Balance	174,218		174,218
Noncontrolling Interest [Member]
Equity [Line Items]
Beginning Balance			4,853
Elimination of noncontrolling interest resulting from the sale of Natural Habitat			(1,294)
Dividends paid to noncontrolling interest			(1,944)
Comprehensive loss:
Net income			310
Foreign currency translation adjustment			28
Ending Balance	$ 1,953		$ 1,953

Share-Based Payments - Addition

Share-Based Payments - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense	$ 40,000	$ 50,000

Net Income (Loss) per Share - A

Net Income (Loss) per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Reconciliation Of Earning Per Share Statement [Line Items]
Common stock shares excluded from computation of dilutive earnings per share	890,000	985,000	939,000	987,000

Net Income (Loss) per Share - C

Net Income (Loss) per Share - Computation of Basic and Diluted Net Income (Loss) Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net (loss) income:
Loss from continuing operations	$ (3,085)	$ (1,960)	$ (7,210)	$ (4,998)
Income (loss) from discontinued operations	646	843	(2,854)	(11)
Net loss	$ (2,439)	$ (1,117)	$ (10,064)	$ (5,009)
Weighted average shares for basic net (loss) income per share	24,580	24,511	24,555	24,501
Effect of dilutive securities		99
Weighted average shares for diluted net (loss) income per share	24,580	24,610	24,555	24,501
Net (loss) income per share -basic and diluted:
Loss from continuing operations	$ (0.13)	$ (0.08)	$ (0.29)	$ (0.20)
Income (loss) from discontinued operations	0.03	0.03	(0.12)	0
Basic and diluted net (loss) income per share	$ (0.10)	$ (0.05)	$ (0.41)	$ (0.20)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Taxes [Line Items]
Net operating loss	$ 3,085	$ 1,960	$ 7,210	$ 4,998
Federal [Member]
Income Taxes [Line Items]
Net operating loss			94,600
State [Member]
Income Taxes [Line Items]
Net operating loss			$ 26,200

Segment Information - Additiona

Segment Information - Additional Information (Detail) - Segment	Jul. 01, 2016	Jun. 30, 2016
Segment Reporting Information [Line Items]
Number of reportable segments		2
Subsequent Event [Member]
Segment Reporting Information [Line Items]
Number of reportable segments	1

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Restricted Stock Units (RSUs) [Member] - shares	Jul. 01, 2016	Jun. 30, 2016
Subsequent Event [Line Items]
RSU vesting date		Mar. 16, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award		Each recipient entered into an individual restricted stock unit award agreement with the following terms (i) the recipient is entitled to receive one share of Class A common stock for each RSU upon vesting, and (ii) the RSUs will vest on March 16, 2020, provided that the recipient is still an employee or director of our Company on such date.
Subsequent Event [Member] | Long-Term Incentive Plan 2009 [Member]
Subsequent Event [Line Items]
Restricted stock units granted	348,841