Gaia (GAIA) 10-Q 2 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Jul. 28, 2021
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Trading Symbol	GAIA
Entity Registrant Name	GAIA, INC
Entity Central Index Key	0001089872
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	000-27517
Entity Tax Identification Number	84-1113527
Entity Address, Address Line One	833 WEST SOUTH BOULDER ROAD
Entity Address, City or Town	LOUISVILLE
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80027
City Area Code	303
Local Phone Number	222-3600
Entity Interactive Data Current	Yes
Title of 12(b) Security	Class A Common Stock
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	CO
Document Quarterly Report	true
Document Transition Report	false
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		13,917,987
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,400,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash	$ 13,739	$ 12,605
Accounts receivable	2,828	2,024
Prepaid expenses and other current assets	1,659	1,746
Total current assets	18,226	16,375
Media library, software and equipment, net	41,062	39,231
Right-of-use lease asset, net	8,250	8,622
Real estate, investment and other assets, net	29,317	28,500
Goodwill	17,289	17,289
Total assets	114,144	110,017
Current liabilities:
Accounts payable, accrued and other liabilities	8,695	8,947
Deferred revenue	14,724	12,376
Total current liabilities	23,419	21,323
Long-term mortgage, net	6,181	6,250
Long-term lease liability	7,596	7,952
Deferred taxes	257	257
Total liabilities	37,453	35,782
Shareholders' equity:
Additional paid-in capital	151,522	150,067
Accumulated deficit	(74,833)	(75,834)
Total shareholders' equity	76,691	74,235
Total liabilities and shareholders' equity	114,144	110,017
Class A Common Stock [Member]
Shareholders' equity:
Common stock	1	1
Class B Common Stock [Member]
Shareholders' equity:
Common stock	$ 1	$ 1

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
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	13,917,987	13,782,951
Common stock, shares outstanding	13,917,987	13,782,951
Class B Common Stock [Member]
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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Revenues, net	$ 19,443	$ 16,153	$ 38,339	$ 30,664
Cost of revenues	2,509	2,083	4,947	3,984
Gross profit	16,934	14,070	33,392	26,680
Expenses:
Selling and operating	14,738	14,417	29,276	28,875
Corporate, general and administration	1,501	1,873	2,997	3,290
Total operating expenses	16,239	16,290	32,273	32,165
Income (loss) from operations	695	(2,220)	1,119	(5,485)
Interest and other expense, net	(52)	(305)	(118)	(551)
Income (loss) before income taxes	643	(2,525)	1,001	(6,036)
Provision for income taxes				69
Net income (loss)	$ 643	$ (2,525)	$ 1,001	$ (6,105)
Earnings per share:
Basic	$ 0.03	$ (0.13)	$ 0.05	$ (0.33)
Diluted	$ 0.03	$ (0.13)	$ 0.05	$ (0.33)
Weighted-average shares outstanding:
Basic	19,268	18,837	19,235	18,660
Diluted	19,810	18,837	19,786	18,660

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Shareholder's Equity - USD ($) $ in Thousands	Total	Accumulated Deficit	Common Stock	Additional Paid-in Capital
Beginning balance at Dec. 31, 2019	$ 68,914	$ (76,353)	$ 2	$ 145,265
Beginning balance (in shares) at Dec. 31, 2019			18,423,231
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan, stock option exercises and share-based compensation	585			585
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan, stock option exercises and share-based compensation (in shares)			335,712
Net income (loss)	(3,580)	(3,580)
Ending balance at Mar. 31, 2020	65,919	(79,933)	$ 2	145,850
Ending balance (in shares) at Mar. 31, 2020			18,758,943
Beginning balance at Dec. 31, 2019	68,914	(76,353)	$ 2	145,265
Beginning balance (in shares) at Dec. 31, 2019			18,423,231
Net income (loss)	(6,105)
Ending balance at Jun. 30, 2020	66,733	(82,458)	$ 2	149,189
Ending balance (in shares) at Jun. 30, 2020			19,172,750
Beginning balance at Mar. 31, 2020	65,919	(79,933)	$ 2	145,850
Beginning balance (in shares) at Mar. 31, 2020			18,758,943
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan, stock option exercises and share-based compensation	410			410
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan, stock option exercises and share-based compensation (in shares)			26,920
Issuance of Gaia, Inc. common stock for note conversion and business combination	2,929			2,929
Issuance of Gaia, Inc. common stock for note conversion and business combination (in shares)			386,887
Net income (loss)	(2,525)	(2,525)
Ending balance at Jun. 30, 2020	66,733	(82,458)	$ 2	149,189
Ending balance (in shares) at Jun. 30, 2020			19,172,750
Beginning balance at Dec. 31, 2020	74,235	(75,834)	$ 2	150,067
Beginning balance (in shares) at Dec. 31, 2020			19,182,951
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan, stock option exercises and share-based compensation	684			684
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan, stock option exercises and share-based compensation (in shares)			17,895
Net income (loss)	358	358
Ending balance at Mar. 31, 2021	75,277	(75,476)	$ 2	150,751
Ending balance (in shares) at Mar. 31, 2021			19,200,846
Beginning balance at Dec. 31, 2020	74,235	(75,834)	$ 2	150,067
Beginning balance (in shares) at Dec. 31, 2020			19,182,951
Net income (loss)	1,001
Ending balance at Jun. 30, 2021	76,691	(74,833)	$ 2	151,522
Ending balance (in shares) at Jun. 30, 2021			19,317,987
Beginning balance at Mar. 31, 2021	75,277	(75,476)	$ 2	150,751
Beginning balance (in shares) at Mar. 31, 2021			19,200,846
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan, stock option exercises and share-based compensation	771			771
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan, stock option exercises and share-based compensation (in shares)			117,141
Net income (loss)	643	643
Ending balance at Jun. 30, 2021	$ 76,691	$ (74,833)	$ 2	$ 151,522
Ending balance (in shares) at Jun. 30, 2021			19,317,987

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating activities:
Net income (loss)	$ 1,001	$ (6,105)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	6,331	6,022
Share-based compensation expense	703	1,528
Changes in operating assets and liabilities:
Accounts receivable	(804)	(307)
Prepaid expenses and other assets	87	391
Accounts payable and accrued liabilities	(226)	(1,960)
Deferred revenue	2,348	4,295
Net cash provided by operating activities	9,440	3,864
Investing activities:
Additions to media library, property and equipment	(8,979)	(7,081)
Net cash used in investing activities	(8,979)	(7,081)
Financing activities:
Repayment of debt	(79)
Proceeds from the issuance of common stock	752	181
Net cash provided by financing activities	673	181
Net change in cash	1,134	(3,036)
Cash at beginning of period	12,605	11,494
Cash at end of period	$ 13,739	$ 8,458

Organization, Nature of Operati

Organization, Nature of Operations, and Principles of Consolidation	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Organization, Nature of Operations, and Principles of Consolidation	1. Organization, Nature of Operations, and Principles of Consolidation Gaia, Inc. was incorporated under the laws of the State of Colorado on July 7, 1988, and operates a global digital video subscription service and on-line community that caters to a unique and underserved member base. Our digital content library includes approximately 8,000 titles, with a growing selection of titles available in Spanish, German and French. Our members have unlimited access to this vast library of inspiring films, cutting edge documentaries, interviews, yoga classes, transformation-related content, and more – 80% of which is exclusively available to our members for digital streaming on most internet-connected devices anytime, anywhere, commercial free. Our mission is to create a transformational network that empowers a global conscious community. Content on our network is currently curated into four primary channels— Yoga, Transformation, Alternative Healing, and Seeking Truth— and delivered directly to our members through our streaming platform. We develop programming for these channels by producing content in our in-house production studios with a staff of media professionals. This produced and owned content currently represents over 80% of our viewership. We complement our produced and owned content through long-term licensing agreements. 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. There have been no material changes in our significant accounting policies, other than the adoption of accounting pronouncements below, as compared to the significant accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2020. 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. Accounting Pronouncements Implemented in 2021 In June 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (Topic 740) With the exception of the new standard discussed above, no other new accounting pronouncements have significance, or potential significance, to our reported financial position or results of operations.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2021
Revenue Recognition [Abstract]
Revenue Recognition	2. Revenue Recognition Revenues consist primarily of subscription fees paid by our members. We present revenues net of taxes collected from members. Members are billed in advance and revenues are recognized ratably over the subscription term. Deferred revenue consists of subscription fees collected from members that have not been earned and is recognized ratably over the remaining term of the subscription. We recognize revenue on a net basis for relationships where our partners have the primary relationship, including billing and service delivery, with the member. Payments made to partners to assist in promoting our service on their platforms are expensed as marketing expenses in the period incurred. We do not allow access to our service to be provided as part of a bundle by any of our partners.

Equity and Share-Based Compensa

Equity and Share-Based Compensation	6 Months Ended
	Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity and Share-Based Compensation	3. Equity and Share-Based Compensation During the first six months of 2021 and 2020, we recognized approximately $703,000 and $1,528,000, respectively, of share-based compensation expense. Total share-based compensation expense is reported in selling and operating expenses and corporate, general and administration expenses on our condensed consolidated statements of operations. During the first six months of 2021, 90,000

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	4. Goodwill and Other Intangible Assets There were no changes in goodwill for the period from December 31, 2020 through June 30, 2021. Other unamortized intangible assets included in Real estate, investments and other assets on the accompanying condensed consolidated balance sheet consists of $571,000 for domain names as of June 30, 2021 and December 31, 2020.

Debt

Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Debt	5. Debt On December 28, 2020, our wholly owned subsidiary Boulder Road LLC (“Boulder Road”) and Westside Boulder, LLC (“Westside”) entered into a loan agreement with Great Western Bank, as lender, providing for a mortgage in the principal amount of $13 million. The mortgage bears interest at a fixed rate of 3.75% per annum, matures on December 28, 2025, and is secured by a deed of trust on our corporate campus, a portion of which is owned by Boulder Road and Westside as tenants-in-common and the remainder of which is owned by Boulder Road. Westside and Boulder Road each received 50% of the proceeds and are each responsible for 50% of the monthly installments. Gaia guaranteed payment of the mortgage. The mortgage is subject to certain financial covenants related to the corporate campus. Maturities on long-term debt, net are as follows: (in thousands) 2021 (remaining) $ 70 2022 144 2023 150 2024 156 2025 5,800 $ 6,320

Leases

Leases	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Leases	6. Leases We have an operating lease for the portion of our corporate campus that Boulder Road and Westside own. We record the right to use the underlying asset for the operating lease term as an asset and our obligation to make lease payments as a liability for the 50% related to Westside. Because the rate implicit in the lease is not readily determinable, we use our incremental borrowing rate to determine the present value of lease payments. Information related to our right of use asset and related lease liability were as follows: June 30, December 31, (in thousands) Balance Sheet Classification 2021 2020 Right-of-use asset Right-of-use lease asset, net $ 8,250 $ 8,622 Operating lease liability (current) Accounts payable, accrued and other liabilities $ 705 $ 691 Operating lease liability (non-current) Long-term lease liability 7,596 7,952 $ 8,301 $ 8,643 For the Three Months Ended June 30, (in thousands) 2021 2020 Cash paid for operating lease liabilities $ 250 $ — For the Six Months Ended June 30, (in thousands) 2021 2020 Cash paid for operating lease liabilities $ 500 $ — Operating lease expense is recognized on a straight-line basis over the lease term. Future amortization of our lease liability as of June 30, 2021 was as follows: (in thousands) 2021 (remaining) $ 500 2022 1,001 2023 1,001 2024 1,008 2025 1,035 Thereafter 5,396 Future lease payments, gross 9,941 Less: Imputed interest (1,640 ) Operating lease liability $ 8,301

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings Per Share	7. Earnings Per Share Basic earnings per share is computed using the weighted-average number of outstanding shares of common stock during the period. Diluted earnings per share is computed using the weighted-average number of outstanding shares of common stock and, when dilutive, potential shares of common stock outstanding during the period. Potential shares of common stock consist of incremental shares issuable upon the assumed exercise of stock options and vesting of restricted stock units utilizing the treasury stock method. The computation of diluted earnings per share is as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, (in thousands, except per share data) 2021 2020 2021 2020 (unaudited) (unaudited) Net income (loss) $ 643 $ (2,525 ) $ 1,001 $ (6,105 ) Shares used in computation: Weighted-average common stock outstanding 19,268 18,837 19,235 18,660 Common stock equivalents 542 — 551 — Weighted-average number of shares 19,810 18,837 19,786 18,660 Diluted earnings per share $ 0.03 $ (0.13 ) $ 0.05 $ (0.33 ) Employee stock options with exercise prices greater than the average market price of the common stock were excluded from the diluted calculation as their inclusion would have been anti-dilutive. The following table summarizes the potential shares of common stock excluded from the diluted calculation: For the Three Months Ended June 30, For the Six Months Ended June 30, (in thousands) 2021 2020 2021 2020 (unaudited) (unaudited) Common stock equivalents excluded due to net loss — 293 — 401 Employee stock options and RSU's 24 68 31 103 24 361 31 504

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes Our provision for income taxes is comprised of the following: For the Three Months Ended June 30, For the Six Months Ended June 30, (in thousands) 2021 2020 2021 2020 Current: Federal $ — $ — $ — $ — State — — — — Total current — — — — Deferred: Federal — — — 69 State — — — — Total deferred — — — 69 Total income tax expense $ — $ — $ — $ 69 The income tax expense recorded in 2020 is a result of the amortization of goodwill over 15 years for tax purposes. Periodically, we perform assessments of the realization of our net deferred tax assets considering all available evidence, both positive and negative. Based on our historical operating losses, combined with our plans to continue to invest in our revenue growth and content library, we have a full valuation allowance on our deferred tax assets as of June 30, 2021 As of June 30, 2021, our net operating loss carryforwards on a gross basis were $76.8 million and $20.7 million for federal and state, respectively.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Contingencies	9. Contingencies From time to time, we are involved in legal proceedings that we consider to be in the normal course of business. We record accruals for losses related to those matters against us that we consider to be probable and that can be reasonably estimated. Based on available information, in the opinion of management, settlements, arbitration awards and final judgments, if any, that are considered probable of being rendered against us in litigation or arbitration in existence at June 30, 2021 and that can be reasonably estimated are either reserved against or would not have a material adverse effect on our financial condition, results of operations or cash flows.

Organization, Nature of Opera_2

Organization, Nature of Operations, and Principles of Consolidation (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
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.
Accounting Pronouncements Implemented in 2021	Accounting Pronouncements Implemented in 2021 In June 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (Topic 740) With the exception of the new standard discussed above, no other new accounting pronouncements have significance, or potential significance, to our reported financial position or results of operations.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Maturities on Long Term Debt, Net	Maturities on long-term debt, net are as follows: (in thousands) 2021 (remaining) $ 70 2022 144 2023 150 2024 156 2025 5,800 $ 6,320

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Schedule of Right of Use Asset and Related Lease Liability and Supplemental Cash Flow Information	Because the rate implicit in the lease is not readily determinable, we use our incremental borrowing rate to determine the present value of lease payments. Information related to our right of use asset and related lease liability were as follows: June 30, December 31, (in thousands) Balance Sheet Classification 2021 2020 Right-of-use asset Right-of-use lease asset, net $ 8,250 $ 8,622 Operating lease liability (current) Accounts payable, accrued and other liabilities $ 705 $ 691 Operating lease liability (non-current) Long-term lease liability 7,596 7,952 $ 8,301 $ 8,643 For the Three Months Ended June 30, (in thousands) 2021 2020 Cash paid for operating lease liabilities $ 250 $ — For the Six Months Ended June 30, (in thousands) 2021 2020 Cash paid for operating lease liabilities $ 500 $ —
Schedule of Future Amortization of Lease Liability	Operating lease expense is recognized on a straight-line basis over the lease term. Future amortization of our lease liability as of June 30, 2021 was as follows: (in thousands) 2021 (remaining) $ 500 2022 1,001 2023 1,001 2024 1,008 2025 1,035 Thereafter 5,396 Future lease payments, gross 9,941 Less: Imputed interest (1,640 ) Operating lease liability $ 8,301

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of Computation of Diluted Earnings Per Share	The computation of diluted earnings per share is as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, (in thousands, except per share data) 2021 2020 2021 2020 (unaudited) (unaudited) Net income (loss) $ 643 $ (2,525 ) $ 1,001 $ (6,105 ) Shares used in computation: Weighted-average common stock outstanding 19,268 18,837 19,235 18,660 Common stock equivalents 542 — 551 — Weighted-average number of shares 19,810 18,837 19,786 18,660 Diluted earnings per share $ 0.03 $ (0.13 ) $ 0.05 $ (0.33 )
Summary of Potential Common Shares Excluded from Diluted Calculation	The following table summarizes the potential shares of common stock excluded from the diluted calculation: For the Three Months Ended June 30, For the Six Months Ended June 30, (in thousands) 2021 2020 2021 2020 (unaudited) (unaudited) Common stock equivalents excluded due to net loss — 293 — 401 Employee stock options and RSU's 24 68 31 103 24 361 31 504

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Provision for Income Taxes	Our provision for income taxes is comprised of the following: For the Three Months Ended June 30, For the Six Months Ended June 30, (in thousands) 2021 2020 2021 2020 Current: Federal $ — $ — $ — $ — State — — — — Total current — — — — Deferred: Federal — — — 69 State — — — — Total deferred — — — 69 Total income tax expense $ — $ — $ — $ 69

Organization, Nature of Opera_3

Organization, Nature of Operations, and Principles of Consolidation - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2021TitleChannel
Organization Nature Of Operations And Principles Of Consolidation [Line Items]
Number of titles available in digital content library | Title	8,000
Number of channels | Channel	4
Change in Accounting Principle, Accounting Standards Update, Adoption Date	Jan. 1, 2021
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]	true
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201912Member
Minimum [Member]
Organization Nature Of Operations And Principles Of Consolidation [Line Items]
Percentage of digital streaming exclusively available for subscribers	80.00%
Percentage of produced and owned content views	80.00%

Equity and Share-Based Compen_2

Equity and Share-Based Compensation - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-based compensation expense	$ 703,000	$ 1,528,000
Options exercised during period	90,000	32,200
Proceeds from stock options exercised	$ 615,000	$ 181,000

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Goodwill [Line Items]
Changes in goodwill	$ 0
Domain Names [Member]
Goodwill [Line Items]
Unamortized Intangible Assets	$ 571,000	$ 571,000

Debt - Additional Information (

Debt - Additional Information (Detail) - Boulder Road LLC [Member] - Westside Boulder, LLC. [Member] - Loan Agreement [Member] - Great Western Bank [Member] - Mortgage Loan [Member] $ in Millions	Dec. 28, 2020USD ($)
Debt Instrument [Line Items]
Loan principal amount	$ 13
Interest rate	3.75%
Debt instrument, maturity date	Dec. 28, 2025
Percentage of line of credit proceeds	50.00%
Percentage of line of credit monthly installments	50.00%

Debt - Schedule of Maturities o

Debt - Schedule of Maturities on Long Term Debt, Net (Detail) $ in Thousands	Jun. 30, 2021USD ($)
Maturities Of Long Term Debt [Abstract]
2021 (remaining)	$ 70
2022	144
2023	150
2024	156
2025	5,800
Total maturities on long-term debt	$ 6,320

Leases - Additional Information

Leases - Additional Information (Detail)	Jun. 30, 2021
Westside Boulder, LLC. [Member]
Lessee Lease Description [Line Items]
Operating lease obligation liability percentage	50.00%

Leases - Schedule of Right of U

Leases - Schedule of Right of Use Asset and Related Lease Liability (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Right-of-use asset	$ 8,250	$ 8,622
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	gaia:RightOfUseLeaseAssetsNet
Operating lease liability (current)	$ 705	691
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accounts payable, accrued and other liabilities
Operating lease liability (non-current)	$ 7,596	7,952
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	gaia:LongTermLeaseLiability
Operating Lease, Liability	$ 8,301	$ 8,643

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Leases [Abstract]
Cash paid for operating lease liabilities	$ 250	$ 500

Leases - Schedule of Future Amo

Leases - Schedule of Future Amortization of Lease Liability (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Leases [Abstract]
2021 (remaining)	$ 500
2022	1,001
2023	1,001
2024	1,008
2025	1,035
Thereafter	5,396
Future lease payments, gross	9,941
Less: Imputed interest	(1,640)
Operating lease liability	$ 8,301	$ 8,643

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Computation of Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Net income (loss)	$ 643	$ (2,525)	$ 1,001	$ (6,105)
Weighted-average shares outstanding:
Weighted-average common stock outstanding	19,268	18,837	19,235	18,660
Common stock equivalents	542		551
Weighted-average number of shares	19,810	18,837	19,786	18,660
Diluted earnings per share	$ 0.03	$ (0.13)	$ 0.05	$ (0.33)

Earnings Per Share - Summary of

Earnings Per Share - Summary of Potential Common Shares Excluded from Diluted Calculation (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	24	361	31	504
Common Stock Equivalents Excluded Due to Net Loss [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount		293		401
Employee Stock Options and RSU's [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	24	68	31	103

Income Taxes - Provision for In

Income Taxes - Provision for Income Taxes (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Deferred:
Federal	$ 69
Total deferred	69
Total income tax expense	$ 69

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)
Income Taxes [Line Items]
Goodwill useful life for income tax purposes	15 years
Federal [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	$ 76.8
State [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	$ 20.7