CuriosityStream (CURI) 10-Q 11 May 23 2023 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2023	May 10, 2023
Document Information [Line Items]
Entity Registrant Name	CURIOSITYSTREAM INC.
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		52,970,260
Amendment Flag	false
Entity Central Index Key	0001776909
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Mar. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-39139
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-1797523
Entity Address, Address Line One	8484 Georgia Ave
Entity Address, Address Line Two	Suite 700
Entity Address, City or Town	Silver Spring
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20910
City Area Code	301
Local Phone Number	755-2050
Entity Interactive Data Current	Yes
Common Stock [Member]
Document Information [Line Items]
Trading Symbol	CURI
Title of 12(b) Security	Common Stock, par value $0.0001
Security Exchange Name	NASDAQ
Warrant [Member]
Document Information [Line Items]
Trading Symbol	CURIW
Title of 12(b) Security	Warrants, each exercisable for one share of Common Stock at an exercise price of $11.50 per share
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 48,668	$ 40,007
Restricted cash	500	500
Short-term investments in debt securities	0	14,986
Accounts receivable, net	9,699	10,899
Other current assets	2,189	3,118
Total current assets	61,056	69,510
Investments in equity method investees	10,547	10,766
Property and equipment, net	1,000	1,094
Content assets, net	66,373	68,502
Operating lease right-of-use assets	3,633	3,702
Other assets	493	539
Total assets	143,102	154,113
Current liabilities
Content liabilities	1,656	2,862
Accounts payable	7,500	6,065
Accrued expenses and other liabilities	3,380	7,752
Deferred revenue	13,863	14,281
Total current liabilities	26,399	30,960
Warrant liability	331	257
Non-current operating lease liabilities	4,560	4,648
Other liabilities	655	622
Total liabilities	31,945	36,487
Stockholders' equity
Common stock, $0.0001 par value – 125,000 shares authorized as of March 31, 2023 and December 31, 2022; 52,961 shares issued and outstanding as of March 31, 2023; 52,853 shares issued and outstanding as of December 31, 2022	5	5
Additional paid-in capital	360,002	358,760
Accumulated other comprehensive loss	0	(40)
Accumulated deficit	(248,850)	(241,099)
Total stockholders' equity	111,157	117,626
Total liabilities and stockholders' equity	$ 143,102	$ 154,113

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	125,000,000	125,000,000
Common stock, shares issued	52,961,000	52,853,000
Common stock, shares outstanding	52,961,000	52,853,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Revenues	$ 12,387	$ 17,627
Operating expenses
Cost of revenues	9,001	11,850
Advertising and marketing	3,115	14,768
General and administrative	8,059	10,503
Total operating expenses	20,175	37,121
Operating loss	(7,788)	(19,494)
Change in fair value of warrant liability	(74)	3,860
Equity method investment loss	(219)	(156)
Interest and other income (expense)	388	(57)
Loss before income taxes	(7,693)	(15,847)
Provision for income taxes	58	45
Net loss	$ (7,751)	$ (15,892)
Net loss per share
Basic (in Dollars per share)	$ (0.15)	$ (0.3)
Diluted (in Dollars per share)	$ (0.15)	$ (0.3)
Weighted average number of common shares outstanding
Basic (in Shares)	52,950	52,750
Diluted (in Shares)	52,950	52,750

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (7,751)	$ (15,892)
Other comprehensive income (loss)
Unrealized gain (loss) on available for sale securities	40	(233)
Total comprehensive loss	$ (7,711)	$ (16,125)

Consolidated Statement of Redee

Consolidated Statement of Redeemable Convertible Preferred Stock and Stockholder's Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Deficit [Member]
Balance at Dec. 31, 2021	$ 161,935	$ 5	$ 352,334	$ (222)	$ (190,182)
Balance (in Shares) at Dec. 31, 2021		52,677,000
Net loss	(15,892)				(15,892)
Stock-based compensation, net	1,651		1,651
Stock-based compensation, net (in Shares)		90,000
Other comprehensive income (loss)	(233)			(233)
Balance at Mar. 31, 2022	147,461	$ 5	353,985	(455)	(206,074)
Balance (in Shares) at Mar. 31, 2022		52,767,000
Balance at Dec. 31, 2022	117,626	$ 5	358,760	(40)	(241,099)
Balance (in Shares) at Dec. 31, 2022		52,853
Net loss	(7,751)				(7,751)
Stock-based compensation, net	1,242		1,242
Stock-based compensation, net (in Shares)		108,000
Other comprehensive income (loss)	40			$ 40
Balance at Mar. 31, 2023	$ 111,157	$ 5	$ 360,002		$ (248,850)
Balance (in Shares) at Mar. 31, 2023		52,961,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities
Net loss	$ (7,751)	$ (15,892)
Adjustments to reconcile net loss to net cash used in operating activities
Change in fair value of warrant liability	74	(3,860)
Additions to content assets	(3,723)	(14,470)
Change in content liabilities	(1,206)	(5,672)
Amortization of content assets	5,852	9,038
Depreciation and amortization expenses	127	209
Amortization of premiums and accretion of discounts associated with investments in debt securities, net	26	411
Stock-based compensation	1,267	1,788
Equity method investment loss	219	156
Other non-cash items	121	120
Changes in operating assets and liabilities
Accounts receivable	1,200	10,052
Other assets	944	2,227
Accounts payable	1,440	4,990
Accrued expenses and other liabilities	(4,514)	(3,677)
Deferred revenue	(384)	2,293
Net cash used in operating activities	(6,308)	(12,287)
Cash flows from investing activities
Purchases of property and equipment	(5)	(22)
Investment in equity method investees	0	(813)
Sales of investments in debt securities	0	2,502
Maturities of investments in debt securities	15,000	19,603
Purchases of investments in debt securities	0	(1,497)
Net cash provided by investing activities	14,995	19,773
Cash flows from financing activities
Payments related to tax withholding	(26)	(137)
Net cash used in financing activities	(26)	(137)
Net increase in cash, cash equivalents and restricted cash	8,661	7,349
Cash, cash equivalents and restricted cash, beginning of period	40,507	17,547
Cash, cash equivalents and restricted cash, end of period	49,168	24,896
Supplemental disclosure:
Cash paid for taxes	0	177
Cash paid for operating leases	134	131
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 0	$ 3,965

Organization and Business

Organization and Business	3 Months Ended
	Mar. 31, 2023
Organization and Business [Abstract]
Organization and business	Note 1 — Organization and business The principal business of CuriosityStream Inc. (the “Company” or “CuriosityStream”) is to provide customers with access to high quality factual content via a direct subscription video on-demand The Company’s content assets are available directly through its owned and operated website (“O&O Service”), mobile applications developed for iOS and Android operating systems (“App Services”), and via the platforms and systems of third-party partners in exchange for license fees. The Company offers subscribers a monthly or annual subscription. The price for a subscription varies depending on the content included (e.g., Direct Service or Smart Bundle service) and the length of the subscription (e.g., monthly or annual) selected by the customer. As an additional part of the Company’s App Services, it has built applications to make its service accessible on almost every major customer device, including streaming media players like Roku, Apple TV and Amazon Fire TV, major smart TV brands (e.g., LG, Vizio, Samsung) and gaming consoles. In addition, CuriosityStream has affiliate agreement relationships with, and its content assets are available through, certain multichannel video programming distributors (“MVPDs”) and virtual MVPDs (“vMVPDs”). The Company also has distribution agreements which grant other media companies certain distribution rights to the Company’s programs, referred to as content licensing deals. The Company also sells selected rights to content it creates before production begins.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of presentation and summary of significant accounting policies	Note 2 — Basis of presentation and summary of significant accounting policies Basis of presentation The accompanying unaudited consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and are consistent in all material respects with those applied in the Company’s consolidated financial statements as of and for the year ended December 31, 2022. In the opinion of management, the unaudited consolidated financial statements include all adjustments of a normal recurring nature necessary for the fair presentation of the Company’s financial position, results of operations, and cash flows. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes and Management’s Discussion and Analysis of Financial Condition, and Results of Operations 10-K There have been no material changes in the Company’s significant accounting policies compared to the significant accounting policies described in the Company’s consolidated financial statements as of and for the year ended December 31, 2022. As discussed below, the Company adopted the new accounting guidance related to credit losses on financial instruments in the current interim period, with the adoption of the respective guidance not resulting in a material impact to the Company’s consolidated financial statements. Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP and the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) requires management to make estimates and assumptions that affect amounts reported in the consolidated financial statements and accompanying notes. Actual results c o liabilities. Reclassification Certain comparative figures have been reclassified to conform to the current year presentation. Concentration of risk Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash, cash equivalents, investments, and accounts receivable. The Company maintains its cash, cash equivalents, and investments with high credit quality financial institutions; at times, such balances with the financial institutions may exceed the applicable FDIC-insured limits. Accounts receivable, net are typically unsecured and are derived from revenues earned from customers primarily located in the United States . Fair value measurement of financial instruments Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The applicable accounting guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors market participants would use in valuing the asset or liability. The guidance establishes three levels of inputs that may be used to measure fair value: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurements. The Company reviews the fair value hierarchy classification at each reporting period. Changes in the observability of valuation inputs may result in a reclassification of levels for certain securities within the fair value hierarchy. The Company’s assets measured at fair value on a recurring basis include its investments in money market funds and corporate debt securities. Level 1 inputs were derived by using unadjusted quoted prices for identical assets in active markets and were used to value the Company’s investments in money market funds and U.S. government debt securities. Level 2 inputs were derived using prices for similar investments and were used to value the Company’s investments in corporate and municipal debt securities. The Company’s liabilities measured at fair value on a recurring basis include its private placement warrants issued to Software Acquisition Holdings LLC in a private placement offering (the “Private Placement Warrants”). The fair value of the Private Placement Warrants is considered a Level 3 valuation and is determined using the Black-Sch o The Company’s remaining financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses and other liabilities are carried at cost, which approximates fair value because of the short-term maturity of these instruments. Recently Adopted Financial Accounting Standards As an emerging growth company (“EGC”), the Jumpstart Our Business Startups Act (“JOBS Act”) allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act until such time as the Company is no longer considered to be an EGC. In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, 2016-13”).” prior The Company determines its allowance for doubtful accounts based on historical loss experience, customer financial condition, and current economic conditions.

Equity Investments

Equity Investments	3 Months Ended
	Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Equity Investments	Note me Spiegel TV Geschichte und Wissen GmbH & Co. KG (the “Spiegel Venture”) In July 2021, the Company acquired 32% ownership in the Spiegel Venture for $3.3 million. The Spiegel Venture, which prior to the Company’s equity purchase, was jointly owned and operated by Spiegel TV GmbH (“Spiegel TV”) and Autentic GmbH (“Autentic”), operates two documentary channels, together with an SVOD service, which provide factual content to pay television audiences in Germany. The Company has not received any dividends from the Spiegel Venture as of March 31, 2023. The Company has a call option that permits it to require Spiegel TV and Autentic to sell their ownership interests in Spiegel Venture (“Call Option”) to the Company. The Call Option, exercisable at a value based on a determinable calculation in the Share Purchase Agreement, which was amended during the three months ended March 31, 2023 (as amended, the “SPA”), is initially exercisable only during the period that is the later of (i) the 30-day Together with the Call Option, each of Spiegel TV and Autentic has a put option that permits it to require the Company to purchase their interest (“Put Option”) at a value based on a determinable calculation outlined in the SPA. The Put Option is only exercisable upon the achievement of certain defined conditions, as outlined in the SPA, and is initially exercisable only during the period that is the later of (i) the 60-day period following the adoption of Spiegel Venture’s audited financial statements for the fiscal year 2025, and (ii) the period between April 1, 2026 and April 30, 2026. In the event the Call Option or Put Option is not exercised, both options will Watch Nebula LLC (“Nebula”) On August 23, 2021, the Company purchased a 12% ownership interest in Nebula for $6.0 million. Nebula is an SVOD technology platform built for and by a group of content creators. Should Nebula meet certain quarterly targets through the third quarter of 2023, the Company is obligated to purchase additional ownership interests, each for a payment of $0.8 million . After . The Company’s is 16.875% . The Company’s carrying values for its equity method investments as of March 31, 2023 and December 31, 2022 is as follows: Spiegel Venture Nebula Total (in thousands) Balance, December 31, 2022 $ 2,899 $ 7,867 $ 10,766 Equity method investment income (loss) 28 (247 ) (219 ) Balance, March 31, 2023 $ 2,927 $ 7,620 $ 10,547

Balance Sheet Components

Balance Sheet Components	3 Months Ended
	Mar. 31, 2023
Balance Sheet Components [Line Items]
Balance sheet components	Note 4 — Balance sheet components Cash, cash equivalents and restricted cash A reconciliation of the Company’s cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows is as follows: March 31, December 31, 2023 2022 (in thousands) Cash and cash equivalents $ 48,668 $ 40,007 Restricted cash 500 500 Cash, cash equivalents and restricted cash $ 49,168 $ 40,507 As of March 31, 2023 and December 31, 2022, . Investments in debt securities The Company’s investments in debt securities at fair value based on unadjusted quoted market prices (Level 1) and quoted prices for comparable assets (Level 2) are: As of March 31, 2023 As of December 31, 2022 Cash and Short-term Investments (non-current) Total Cash and Short-term Investments (non-current) Total (in thousands) (in thousands) Level 1 Securities Money market funds $ 47,272 $ — — $ 47,272 $ 17,724 $ — — $ 17,724 Total Level 1 Securities $ 47,272 — — $ 47,272 $ 17,724 — — $ 17,724 Level 2 Securities Corporate debt securities — — — — — $ 14,986 — $ 14,986 Total Level 2 Securities — — — — — $ 14,986 — $ 14,986 Total $ 47,272 — — $ 47,272 $ 17,724 $ 14,986 — $ 32,710 As of December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (in thousands) Debt Securities: Corporate $ 15,026 — $ (40 ) $ 14,986 Total $ 15,026 — $ (40 ) $ 14,986 There were no material realized gains or losses recorded during the three months ended March 31, 2023 or 2022. Content assets Content assets consisted of the following: As of March 31, December 31, 2023 2022 (in thousands) Licensed content, net Released, less amortization $ 11,790 $ 11,154 Prepaid and unreleased 3,086 4,014 14,876 15,168 Produced content, net Released, less amortization 32,332 33,094 In production 19,165 20,240 51,497 53,334 Total $ 66,373 $ 68,502 As of March 31, 202 3 million unamortized cost of the licensed content that has been released is expected to be amortized in each of the next three years, respectively. As of March 31, 2023, $ years, respectively. In accordance with its accounting policy for content assets, the Company amortized licensed content costs and produced content costs , which is included in cost of revenues on the Company’s unaudited consolidated statements of operations,as follows: Three Months Ended March 31, 2023 2022 (in thousands) Licensed content $ 1,945 $ 2,999 Produced content 3,907 6,039 Total $ 5,852 $ 9,038 Warrant liability As described in Note 6, the Private Placement Warrants are classified as a non-current As of As of (in thousands) Level 3 Private Placement Warrants $ 331 $ 257 Total Level 3 $ 331 $ 257

Revenue

Revenue	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue	Note 5 — Re ve The following table sets forth the Company’s revenues disaggregated by type for the three months ended March 31, 2023 and 2022, as well as the relative percentage of each revenue type to total revenue. Three Months Ended March 31, 2023 2022 (in thousands, except percentages) Subscriptions – O&O Service $ 6,642 54 % $ 7,307 41 % Subscriptions – App Services 878 7 % 1,048 6 % Subscriptions – Total 7,520 61 % 8,355 47 % License Fees – Partner Direct 1,102 9 % 1,143 7 % License Fees – Bundled Distribution 1,473 12 % 3,767 21 % License Fees – Content Licensing 2,018 16 % 4,248 24 % License Fees – Total 4,593 37 % 9,158 52 % Other – Total (1) 274 2 % 114 1 % Total Revenues $ 12,387 $ 17,627 (1) Other revenue primarily relate s Revenues expected to be recognized in the future related to performance obligations that were Remainder of year ending December 31, For the years ending December 31, 2023 2024 2025 2026 2027 Thereafter Total (in thousands) Remaining Performance Obligations $ 5,695 $ 4,156 $ 2,096 $ 193 $ 31 $ 195 $ 12,366 These amounts include only fixed consideration or minimum guarantees and do not include amounts related to (i) contracts with an original expected term of one year or less or (ii) licenses of content that are solely based on sales or usage-based royalties. Contract liabilities (i.e., deferred revenue) consist , at March 31, 2023 and December 31, 2022, respectively. Revenues of $6.5 million were recognized during the three months ended March 31, 2023, related to the balance of deferred revenue at December 31, 2022, primarily related to the recognition from annual plan amounts.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2023
Stockholders' Equity Note [Abstract]
Stockholders' equity	Note 6 — Stockholders’ equity Common Stock As of March 31, 2023 and December 31, 2022, the Company had Warrants As of March 31, 2023, the Company had 3,054,203 publicly traded warrants that were sold as part of the units of Software Acquisition Group Inc. in its initial public offering on November 22, 2019 and that were issued to the PIPE Investors in connection with the , The Each whole warrant entitles the registered holder to purchase one share of the Company’s common stock at an exercise price of $11.50 per share. All Warrants expire on October 14, 2025. The Company has the right to redeem the outstanding Public Warrants in whole and not in part at a price of $0.01 per warrant upon a minimum of 30 days’ prior written notice of redemption, if and only if the last sale price of the Company’s common stock matched or exceeded $18.00 per share for any 20 trading days within a 30-trading The Private Placement Warrants are identical to the Public Warrants except that, so long as they are held by Software Acquisition Holdings, LLC (the Company’s former sponsor) or its permitted transferees: (i) they will not be redeemable by the Company; (ii) they may be exercised by the holders on a cashless basis; and (iii) they are subject to registration rights. There were no exercises of warrants during the three months ended March 31, 2023. The warrant liability related to the Private Placement Warrants is recorded at fair value as of each reporting date with the change in fair value reported within other income (expense) in the accompanying unaudited consolidated statements of operations as “Change in fair value of warrant liability” until the warrants are exercised, expired or other facts and circumstances lead the warrant liability to be reclassified to stockholders’ equity. The fair value of the warrant liability for the Private Placement Warrants was estimated using a Black-Scholes pricing model using Level 3 inputs. The significant assumptions used in preparing the Black-Scholes option pricing model are as follows: As of March 31, 2023 As of December 31, 2022 Exercise price $ 11.50 $ 11.50 Stock price (CURI) $ 1.35 $ 1.14 Expected volatility 79.00 % 77.00 % Expected warrant term (years) 2.5 2.8 Risk-free interest rate 3.94 % 4.22 % Dividend yield 0 % 0 % Fair Value per Private Placement Warrant $ 0.09 $ 0.07 The change in fair value of the Private Placement Warrant a of $0.1 million and a gain of for three months ended March 31, 2023 and 2022, respectively.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings (loss) per share	Note 7 — Earnings (loss) per share Basic and diluted earnings (loss) per share calculations are calculated on the basis of the weighted average number of shares of the Company’s common stock outstanding during the respective periods. Diluted earnings (loss) per share give effect to all dilutive potential common shares outstanding during the period using the treasury stock method for stock options and other potentially dilutive securities. In computing diluted earnings (loss) per share, the average fair value of the Company’s common stock for the period is used to determine the number of shares assumed to be purchased from the exercise price of the options. Purchases of treasury stock reduce the outstanding shares commencing on the date that the stock is purchased. Common stock equivalents are excluded from the calculation when a loss is incurred as their effect would be anti-dilutive. Three months ended 2023 2022 (in thousands, except Numerator - Basic and Diluted EPS: Net loss $ (7,751 ) $ (15,892 ) Denominator - Basic and Diluted EPS: Weighted–average shares 52,950 52,750 Net loss per share - Basic and Diluted $ (0.15 ) $ (0.30 ) For the three months ended March 31, 2023 and 2022, the following share equivalents were excluded from the computation of diluted net loss per share as the inclusion of such shares would be anti-dilutive. Common shares issuable for warrants, options, and restricted stock units represent the total amount of outstanding warrants, stock options, and restricted stock units at March 31, 2023 and 2022. Antidilutive shares excluded: March 31, 2023 2022 (in thousands) Options 4,630 5,293 Restricted Stock Units 1,030 1,020 Warrants 6,730 6,730 Total 12,390 13,043

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock-based compensation	Note 8 — Stock-based compensation The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. The fair value is recognized in earnings over the period during which an employee is required to provide the service. The Company accounts for forfeitures as they occur. CuriosityStream 2020 Omnibus Plan In October 2020, the Board of Directors of the Company adopted the CuriosityStream 2020 Omnibus Plan (the “2020 Plan”). Upon adoption of the 2020 Plan, a total of 7,725,000 shares were approved to be issued as stock options, share appreciation rights, restricted stock units and restricted stock. The following table summarizes stock option and restricted stock unit (“RSU”) activity, prices, and values for the three months ended March 31, 2023: Stock Options Restricted Stock Units Number of Number of Shares Weighted- Number of Weighted- (in thousands, except per share data) Balance at December 31, 2022 1,815 4,632 $ 7.13 759 $ 7.14 Granted (342 ) — — 342 1.41 Options exercised and RSUs vested 18 — — (49 ) 10.27 Forfeited or expired 23 (2 ) 5.88 (21 ) 9.85 Balance at March 31, 2023 1,514 4,630 $ 7.13 1,030 $ 4.89 There were no options exercised during the three months ended March 31 2023 and 2022. Stock options and RSU awards generally vest on a monthly, quarterly, or annual basis over a period of four years from the grant date. When options are exercised, the Company’s policy is to issue previously unissued shares of Common Stock to satisfy share option exercises. Upon vesting and distribution of RSUs, the Company’s policy is to issue previously unissued shares of Common Stock to satisfy restricted stock units vested, net of shares withheld for taxes if elected by the RSU holder. The fair value of stock option awards is estimated using the Black-Scholes option pricing model, which includes a number of assumptions including Company’s estimates of stock price volatility, employee stock option exercise behaviors, future dividend payments, and risk-free interest rates. The expected term of options granted is the estimated period of time from the beginning of the vesting period to the date of expected exercise or other settlement, based on historical exercises and post-vesting terminations. The Company generally estimates expected term based on the midpoint between the vesting date and the end of the contractual term, also known as the simplified method, given the lack of historical exercise behavior. The Company uses its own historical volatility as well as the historical volatility of similar public companies for estimating volatility. The risk-free interest rate is estimated using the rate of return on U.S. Treasury securities with maturities that approximate to the expected term of the option. The Company does not currently anticipate declaring any dividends. Assumptions used to value the options granted and the resulting weighted-average grant date fair value and stock-based compensation expense were as follows: Three months ended March 31, 2023 2022 Dividend yield N/A 0 % Expected volatility N/A 60% - 65 % Expected term (years) N/A 6.00 - 6.50 Risk-free interest rate N/A 1.40% - 2.44 % Weighted average grant date fair value N/A $2.30 (in thousands) Stock-based compensation - Options $777 $967 Stock-based compensation - RSUs $490 $821 Stock-based compensation cost is measured at the grant date, based on the fair value of the award, and is recognized on a straight-line basis over the requisite service period.

Segment and Geographic Informat

Segment and Geographic Information	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Segment and geographic information	Note 9 — Segment and geographic information The Company operates as one reporting segment. The Company’s chief operating decision maker (“CODM”) is its chief executive officer, who reviews financial information presented on an entity-wide basis for purposes of making operating decisions, assessing financial performance and allocating resources. All long-lived tangible assets are located in the United States. Revenue by geographic location, based on the location of the customers, with one foreign country individually comprising greater than 10% of total revenue, is as follows: Three months ended March 31, 2023 2022 (in thousands) United States $ 6,686 54 % $ 11,799 67 % International: Netherlands 1,246 10 % 65 0 % United Kingdom 562 5 % 1,901 11 % Other 3,893 31 % 3,862 22 % Total International 5,701 46 % 5,828 33 % $ 12,387 100 % $ 17,627 100 %

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
Related party transactions	Note 10 — Related party transactions Equity investments The The Company also incurred $1.2 million and $1.0 million during the three months ended March 31, 2023 and 2022, respectively in revenue share to Nebula from subscription sales to certain bundled subscription packages. This revenue share is recorded in Cost of revenues on the consolidated statement s A summary of the impact of the arrangements with the Balance sheets: March 31, December 31, 2023 2022 (in thousands) Accounts receivable $ 2,804 $ 3,358 Accounts payable 788 404 Accrued expenses and other liabilities 14 — Statement of operations: Three months ended March 31, 2023 2022 (in thousands) Revenues $ 794 $ — Cost of revenues 1,202 990 Operating lease The Company sublets a portion of its office space to Hendricks Investment Holdings, LLC (“HIH”), which is considered a related party as it is managed by various members of the Company’s Board of Directors. The Company accounts for the arrangement as an operating lease. Refer to Note 11 for further information.

Leases

Leases	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Leases	Note 11 — Lea ses Company as a Lessee The Company is a party to a non-cancellable non-lease lease right of use (“ ”) As of non-current of the new leasing standard. as of Components of Lease Cost The Company’s total operating lease cost was comprised of the following: Three months ended March 31, 2023 2022 (in thousands) Operating lease cost 121 121 Short-term lease cost — 18 Variable lease cost 13 11 Total lease cost 134 150 Maturity of Lease Liabilities As of March 31, 2023, maturities of our operating lease liabilities, which do not include short-term leases and variable lease payments, were Remaining nine months of 2023 $ 409 2024 557 2025 571 2026 585 2027 600 Thereafter 3,346 Total Lease Payments $ 6,068 Less: imputed interest (1,165 ) Present value of total lease liabilities $ 4,903 Company as Lessor The Company sublets a portion of its office space to a related party and accounts for the arrangement as an operating lease. Related party sublease rental income is recognized on a straight-line basis and is included in Interest and other income (expense) in the accompanying consolidated statements of operations. For the three months ended March 31, 2023, operating lease income from the Company’s sublet was less than $0.1 million. As of March 31, 2023, total remaining future minimum lease payments receivable on the Company’s operating lease were

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Note 12 — Commitments and contingencies Content commitments As of March 31, 2023, the Company had $7.5 million of content obligations comprised of $1.6 million included in content liabilities in the accompanying unaudited consolidated balance sheet, and $5.9 million of obligations that are not reflected in the accompanying consolidated balance sheet s All content by . As of December 31, 2022, the Company had $11.5 million of content obligations comprised of $2.9 million included in current content liabilities in the accompanying unaudited consolidated balance sheets and $8.6 million of obligations that are not reflected in the accompanying unaudited consolidated balance sheets as they did not yet meet the asset recognition criteria for content assets. Content obligations include amounts related to licensed, commissioned and internally produced streaming content. An obligation for the production of content includes non-cancelable Advertising commitments The Company has certain commitments with regards to future advertising and marketing expenses as stated in the various licensee agreements. Certain of the agreements do not specify the amount of advertising and marketing commitment; however, the total commitments for agreements which do specify the amount are $1.1 million as of March 31, 2023, of which $0.6 million and $0.5 million are expected to be paid during the nine months ending December 31, 2023, and year ending December 31, 2024, respectively.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income taxes	Note 13 — Income taxes The Company recorded a provision for income taxes of $0.1 million for the three months ended March 31, 2023 and 2022, respectively, primarily related to foreign withholding income taxes. The Company’s provision for income taxes differs from the federal statutory rate primarily due to the Company being in a full valuation allowance position and not recognizing a tax benefit attributable to generated losses for either federal or state income tax purposes.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying unaudited consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and are consistent in all material respects with those applied in the Company’s consolidated financial statements as of and for the year ended December 31, 2022. In the opinion of management, the unaudited consolidated financial statements include all adjustments of a normal recurring nature necessary for the fair presentation of the Company’s financial position, results of operations, and cash flows. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes and Management’s Discussion and Analysis of Financial Condition, and Results of Operations 10-K There have been no material changes in the Company’s significant accounting policies compared to the significant accounting policies described in the Company’s consolidated financial statements as of and for the year ended December 31, 2022. As discussed below, the Company adopted the new accounting guidance related to credit losses on financial instruments in the current interim period, with the adoption of the respective guidance not resulting in a material impact to the Company’s consolidated financial statements.
Use of estimates	Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP and the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) requires management to make estimates and assumptions that affect amounts reported in the consolidated financial statements and accompanying notes. Actual results c o liabilities.
Reclassification	Reclassification Certain comparative figures have been reclassified to conform to the current year presentation.
Concentration of risk	Concentration of risk Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash, cash equivalents, investments, and accounts receivable. The Company maintains its cash, cash equivalents, and investments with high credit quality financial institutions; at times, such balances with the financial institutions may exceed the applicable FDIC-insured limits. .
Fair value measurement of financial instruments	Fair value measurement of financial instruments Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The applicable accounting guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors market participants would use in valuing the asset or liability. The guidance establishes three levels of inputs that may be used to measure fair value: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurements. The Company reviews the fair value hierarchy classification at each reporting period. Changes in the observability of valuation inputs may result in a reclassification of levels for certain securities within the fair value hierarchy. The Company’s assets measured at fair value on a recurring basis include its investments in money market funds and corporate debt securities. Level 1 inputs were derived by using unadjusted quoted prices for identical assets in active markets and were used to value the Company’s investments in money market funds and U.S. government debt securities. Level 2 inputs were derived using prices for similar investments and were used to value the Company’s investments in corporate and municipal debt securities. The Company’s liabilities measured at fair value on a recurring basis include its private placement warrants issued to Software Acquisition Holdings LLC in a private placement offering (the “Private Placement Warrants”). The fair value of the Private Placement Warrants is considered a Level 3 valuation and is determined using the Black-Sch o The Company’s remaining financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses and other liabilities are carried at cost, which approximates fair value because of the short-term maturity of these instruments.
Recently Adopted Financial Accounting Standards	Recently Adopted Financial Accounting Standards As an emerging growth company (“EGC”), the Jumpstart Our Business Startups Act (“JOBS Act”) allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act until such time as the Company is no longer considered to be an EGC. In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, 2016-13”).” prior The Company determines its allowance for doubtful accounts based on historical loss experience, customer financial condition, and current economic conditions.

Equity Investments (Tables)

Equity Investments (Tables)	3 Months Ended
	Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of equity method investments	The Company’s carrying values for its equity method investments as of March 31, 2023 and December 31, 2022 is as follows: Spiegel Venture Nebula Total (in thousands) Balance, December 31, 2022 $ 2,899 $ 7,867 $ 10,766 Equity method investment income (loss) 28 (247 ) (219 ) Balance, March 31, 2023 $ 2,927 $ 7,620 $ 10,547

Balance Sheet Components (Table

Balance Sheet Components (Tables)	3 Months Ended
	Mar. 31, 2023
Balance Sheet Components [Line Items]
Schedule of cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows	March 31, December 31, 2023 2022 (in thousands) Cash and cash equivalents $ 48,668 $ 40,007 Restricted cash 500 500 Cash, cash equivalents and restricted cash $ 49,168 $ 40,507
Schedule of investments in debt securities at fair value	The Company’s investments in debt securities at fair value based on unadjusted quoted market prices (Level 1) and quoted prices for comparable assets (Level 2) are: As of March 31, 2023 As of December 31, 2022 Cash and Short-term Investments (non-current) Total Cash and Short-term Investments (non-current) Total (in thousands) (in thousands) Level 1 Securities Money market funds $ 47,272 $ — — $ 47,272 $ 17,724 $ — — $ 17,724 Total Level 1 Securities $ 47,272 — — $ 47,272 $ 17,724 — — $ 17,724 Level 2 Securities Corporate debt securities — — — — — $ 14,986 — $ 14,986 Total Level 2 Securities — — — — — $ 14,986 — $ 14,986 Total $ 47,272 — — $ 47,272 $ 17,724 $ 14,986 — $ 32,710
Schedule of corporate, u.s. government, and municipal debt securities	As of December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (in thousands) Debt Securities: Corporate $ 15,026 — $ (40 ) $ 14,986 Total $ 15,026 — $ (40 ) $ 14,986
Schedule of content assets	Content assets consisted of the following: As of March 31, December 31, 2023 2022 (in thousands) Licensed content, net Released, less amortization $ 11,790 $ 11,154 Prepaid and unreleased 3,086 4,014 14,876 15,168 Produced content, net Released, less amortization 32,332 33,094 In production 19,165 20,240 51,497 53,334 Total $ 66,373 $ 68,502
Schedule of amortized licensed content costs and produced content costs	the Company amortized licensed content costs and produced content costs , which is included in cost of revenues on the Company’s Three Months Ended March 31, 2023 2022 (in thousands) Licensed content $ 1,945 $ 2,999 Produced content 3,907 6,039 Total $ 5,852 $ 9,038
Schedule of private placement warrants	As of As of (in thousands) Level 3 Private Placement Warrants $ 331 $ 257 Total Level 3 $ 331 $ 257

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of revenues disaggregated	Three Months Ended March 31, 2023 2022 (in thousands, except percentages) Subscriptions – O&O Service $ 6,642 54 % $ 7,307 41 % Subscriptions – App Services 878 7 % 1,048 6 % Subscriptions – Total 7,520 61 % 8,355 47 % License Fees – Partner Direct 1,102 9 % 1,143 7 % License Fees – Bundled Distribution 1,473 12 % 3,767 21 % License Fees – Content Licensing 2,018 16 % 4,248 24 % License Fees – Total 4,593 37 % 9,158 52 % Other – Total (1) 274 2 % 114 1 % Total Revenues $ 12,387 $ 17,627 (1) Other revenue primarily relate s
Schedule of revenues expected to be recognized in the future related to performance obligations	Remainder of year ending December 31, For the years ending December 31, 2023 2024 2025 2026 2027 Thereafter Total (in thousands) Remaining Performance Obligations $ 5,695 $ 4,156 $ 2,096 $ 193 $ 31 $ 195 $ 12,366

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2023
Stockholders' Equity Note [Abstract]
Schedule of fair value Black-Scholes option	As of March 31, 2023 As of December 31, 2022 Exercise price $ 11.50 $ 11.50 Stock price (CURI) $ 1.35 $ 1.14 Expected volatility 79.00 % 77.00 % Expected warrant term (years) 2.5 2.8 Risk-free interest rate 3.94 % 4.22 % Dividend yield 0 % 0 % Fair Value per Private Placement Warrant $ 0.09 $ 0.07

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings (loss) per share	Three months ended 2023 2022 (in thousands, except Numerator - Basic and Diluted EPS: Net loss $ (7,751 ) $ (15,892 ) Denominator - Basic and Diluted EPS: Weighted–average shares 52,950 52,750 Net loss per share - Basic and Diluted $ (0.15 ) $ (0.30 )
Schedule of antidilutive shares excluded	Antidilutive shares excluded: March 31, 2023 2022 (in thousands) Options 4,630 5,293 Restricted Stock Units 1,030 1,020 Warrants 6,730 6,730 Total 12,390 13,043

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2023
Stock-Based Compensation (Tables) [Line Items]
Schedule of stock option and restricted stock unit	Stock Options Restricted Stock Units Number of Number of Shares Weighted- Number of Weighted- (in thousands, except per share data) Balance at December 31, 2022 1,815 4,632 $ 7.13 759 $ 7.14 Granted (342 ) — — 342 1.41 Options exercised and RSUs vested 18 — — (49 ) 10.27 Forfeited or expired 23 (2 ) 5.88 (21 ) 9.85 Balance at March 31, 2023 1,514 4,630 $ 7.13 1,030 $ 4.89
Schedule of assumptions used to value the company's stock options grants	Three months ended March 31, 2023 2022 Dividend yield N/A 0 % Expected volatility N/A 60% - 65 % Expected term (years) N/A 6.00 - 6.50 Risk-free interest rate N/A 1.40% - 2.44 % Weighted average grant date fair value N/A $2.30 (in thousands) Stock-based compensation - Options $777 $967 Stock-based compensation - RSUs $490 $821

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of revenue by geographic location	Three months ended March 31, 2023 2022 (in thousands) United States $ 6,686 54 % $ 11,799 67 % International: Netherlands 1,246 10 % 65 0 % United Kingdom 562 5 % 1,901 11 % Other 3,893 31 % 3,862 22 % Total International 5,701 46 % 5,828 33 % $ 12,387 100 % $ 17,627 100 %

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
Schedule of impact of arrangements with related party on consolidated balance sheets	Balance sheets: March 31, December 31, 2023 2022 (in thousands) Accounts receivable $ 2,804 $ 3,358 Accounts payable 788 404 Accrued expenses and other liabilities 14 —
Schedule of impact of arrangements with related party on statement of operations	Statement of operations: Three months ended March 31, 2023 2022 (in thousands) Revenues $ 794 $ — Cost of revenues 1,202 990

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Schedule of total operating lease cost	The Company’s total operating lease cost was comprised of the following: Three months ended March 31, 2023 2022 (in thousands) Operating lease cost 121 121 Short-term lease cost — 18 Variable lease cost 13 11 Total lease cost 134 150
Schedule of maturities of our operating lease liabilities	As of March 31, 2023, maturities of our operating lease liabilities, which do not include short-term leases and variable lease payments, were Remaining nine months of 2023 $ 409 2024 557 2025 571 2026 585 2027 600 Thereafter 3,346 Total Lease Payments $ 6,068 Less: imputed interest (1,165 ) Present value of total lease liabilities $ 4,903

Organization and Business (Deta

Organization and Business (Details)	3 Months Ended
	Mar. 31, 2023
Organization and Business [Abstract]
Accessible on-demand description	The library is composed of more than six thousand accessible on-demand and ad-free productions and includes shows and series from leading non-fiction producers.

Equity Investments (Details)

Equity Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Sep. 30, 2022	Aug. 23, 2021	Jul. 31, 2021
Equity Investments and Business Combinations Details [Line Items]
Ownership descriptions	Nebula is an SVOD technology platform built for and by a group of content creators. Should Nebula meet certain quarterly targets through the third quarter of 2023, the Company is obligated to purchase additional ownership interests, each for a payment of $0.8 million. After each payment the Company will obtain an additional 1.625% of equity ownership interests. The Company did not make further investments in Nebula during the three months ended March 31, 2023. The Company’s total ownership interest in Nebula as of March 31, 2023 is 16.875%. Prior to the Company’s investment, Nebula was a 100% wholly owned subsidiary of Standard Broadcast LLC (“Standard”). The Company obtained 25% of the representation on Nebula’s Board of Directors, providing the Company with significant influence, but not a controlling interest.
Spiegel Venture [Member]
Equity Investments and Business Combinations Details [Line Items]
Ownership percentage				32%
Ownership amount				$ 3,300
Nebula [Member]
Equity Investments and Business Combinations Details [Line Items]
Ownership percentage	16.875%		12%
Ownership amount			$ 6,000
Equity investments		$ 800
Investments in equity method investees	$ 0

Equity Investments - Schedule o

Equity Investments - Schedule of equity method investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Schedule Of Equity Method Investments Line Items
Beginning balance	$ 10,766
Ending balance	10,547
Equity method investment income (loss)	(219)	$ (156)
Spiegel Venture [Member]
Schedule Of Equity Method Investments Line Items
Beginning balance	2,899
Ending balance	2,927
Equity method investment income (loss)	28
Nebula [Member]
Schedule Of Equity Method Investments Line Items
Beginning balance	7,867
Ending balance	7,620
Equity method investment income (loss)	$ (247)

Balance Sheet Components (Detai

Balance Sheet Components (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Balance Sheet Components [Line Items]
Unamortized cost of the licensed 2023	$ 5,400
Unamortized cost of the licensed 2024	3,200
Unamortized cost of the licensed 2025	1,600
Unamortized cost of the licensed, Total	11,800
Unamortized cost of the produced content 2023	9,600
Unamortized cost of the produced content 2024	8,800
Unamortized cost of the produced content 2025	7,500
Unamortized cost of the produced content, Total	32,300
Realized losses	$ 0	$ 0

Balance Sheet Components (Det_2

Balance Sheet Components (Details) - Schedule of cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Schedule of cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows [Abstract]
Cash and cash equivalents	$ 48,668	$ 40,007
Restricted cash	500	500
Cash, cash equivalents and restricted cash	$ 49,168	$ 40,507

Balance Sheet Components (Det_3

Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value [Line Items]
Cash and Cash Equivalents	$ 47,272	$ 17,724
Short-term Investments	0	14,986
Total	47,272	32,710
Level 1 Securities [Member]
Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value [Line Items]
Cash and Cash Equivalents	47,272	17,724
Total	47,272	17,724
Level 1 Securities [Member] | Money market funds [Member]
Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value [Line Items]
Cash and Cash Equivalents	47,272	17,724
Total	$ 47,272	17,724
Level 2 Securities [Member]
Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value [Line Items]
Short-term Investments		14,986
Total		14,986
Level 2 Securities [Member] | Corporate debt securities [Member]
Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value [Line Items]
Short-term Investments		14,986
Total		$ 14,986

Balance Sheet Components (Det_4

Balance Sheet Components (Details) - Schedule of corporate, U.S. government, and municipal debt securities $ in Thousands	Dec. 31, 2022 USD ($)
Debt Securities:
Amortized Cost	$ 15,026
Gross Unrealized Gains
Gross Unrealized Losses	(40)
Estimated Fair Value	14,986
Corporate [Member]
Debt Securities:
Amortized Cost	15,026
Gross Unrealized Gains
Gross Unrealized Losses	(40)
Estimated Fair Value	$ 14,986

Balance Sheet Components (Det_5

Balance Sheet Components (Details) - Schedule of content assets - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Licensed content, net
Licensed content, net	$ 14,876	$ 15,168
Produced content, net
Produced content, net	51,497	53,334
Total	66,373	68,502
Released, less amortization [Member]
Licensed content, net
Licensed content, net	11,790	11,154
Produced content, net
Produced content, net	32,332	33,094
Prepaid and unreleased [Member]
Licensed content, net
Licensed content, net	3,086	4,014
In production [Member]
Produced content, net
Produced content, net	$ 19,165	$ 20,240

Balance Sheet Components (Det_6

Balance Sheet Components (Details) - Schedule of company amortized licensed content costs - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Balance Sheet Components (Details) - Schedule of company amortized licensed content costs [Line Items]
Amortization of content assets	$ 5,852	$ 9,038
Licensed content [Member]
Balance Sheet Components (Details) - Schedule of company amortized licensed content costs [Line Items]
Amortization of content assets	1,945	2,999
Produced content [Member]
Balance Sheet Components (Details) - Schedule of company amortized licensed content costs [Line Items]
Amortization of content assets	$ 3,907	$ 6,039

Balance Sheet Components (Det_7

Balance Sheet Components (Details) - Schedule of private placement warrants - Level 3 [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Level 3
Total Level 3	$ 331	$ 257
Private Placement Warrants [Member]
Level 3
Total Level 3	$ 331	$ 257

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Total deferred revenues	$ 14.5	$ 14.9
Revenues recognized	$ 6.5

Revenue (Details) - Schedule of

Revenue (Details) - Schedule of revenues disaggregated - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Subscriptions—Total		$ 7,520	$ 8,355
Subscriptions—Total, percentage		61%	47%
License Fees—Total		$ 4,593	$ 9,158
License Fees—Total, percentage		37%	52%
Other—Total	[1]	$ 274	$ 114
Other—Total, percentage	[1]	2%	1%
Total Revenues		$ 12,387	$ 17,627
O&O Service [Member]
Disaggregation of Revenue [Line Items]
Subscriptions—Total		$ 6,642	$ 7,307
Subscriptions—Total, percentage		54%	41%
App Services [Member]
Disaggregation of Revenue [Line Items]
Subscriptions—Total		$ 878	$ 1,048
Subscriptions—Total, percentage		7%	6%
Content Licensing [Member]
Disaggregation of Revenue [Line Items]
License Fees—Total		$ 2,018	$ 4,248
License Fees—Total, percentage		16%	24%
Partner Direct [Member]
Disaggregation of Revenue [Line Items]
License Fees—Total		$ 1,102	$ 1,143
License Fees—Total, percentage		9%	7%
Bundled Distribution [Member]
Disaggregation of Revenue [Line Items]
License Fees—Total		$ 1,473	$ 3,767
License Fees—Total, percentage		12%	21%
[1]Other revenue includes revenues primarily related to other marketing services.

Revenue (Details) - Schedule _2

Revenue (Details) - Schedule of revenues expected to be recognized in the future related to performance obligations $ in Thousands	Mar. 31, 2023 USD ($)
Schedule of revenues expected to be recognized in the future related to performance obligations [Abstract]
2023	$ 5,695
2024	4,156
2025	2,096
2026	193
2027	31
Thereafter	195
Total	$ 12,366

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Oct. 14, 2020
Stockholders' Equity (Details) [Line Items]
Common Stock, par value	$ 0.0001		$ 0.0001
Change in gain/loss of warrant liability	$ 0.1	$ 3.9
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 11.5
Warrants expire, date	Oct. 14, 2025
Warrants exercised	0
Private Placement [Member]
Stockholders' Equity (Details) [Line Items]
Number of warrants outstanding				3,676,000
Public Warrants [Member]
Stockholders' Equity (Details) [Line Items]
Number of warrants outstanding	3,054,203
Capital Units [Member]
Stockholders' Equity (Details) [Line Items]
Shares Authorized	126,000,000		126,000,000
Common Stock, par value	$ 0.0001		$ 0.0001
Common Stock [Member]
Stockholders' Equity (Details) [Line Items]
Number of shares authorized to issue	125,000,000		125,000,000
Preferred Stock [Member]
Stockholders' Equity (Details) [Line Items]
Number of shares authorized to issue	1,000,000		1,000,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Schedule of fair value Black-Scholes option - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Schedule of Fair Value Black Scholes Option [Abstract]
Exercise price	$ 11.5	$ 11.5
Stock price (CURI)	$ 1.35	$ 1.14
Expected volatility	79%	77%
Expected warrant term (years)	2 years 6 months	2 years 9 months 18 days
Risk-free interest rate	3.94%	4.22%
Dividend yield	0%	0%
Fair Value per Private Placement Warrant	$ 0.09	$ 0.07

Earnings (Loss) Per Share (Det

Earnings (Loss) Per Share (Details) - Schedule of basic and diluted earnings (loss) per share - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Numerator—Basic EPS:
Net loss	$ (7,751)	$ (15,892)
Denominator—Basic EPS:
Weighted–average shares—Basic	52,950	52,750
Net loss per share—Basic	$ 0.15	$ 0.3
Denominator—Diluted EPS:
Weighted–average shares—Diluted	52,950	52,750
Net loss per share—Diluted	$ 0.15	$ 0.3

Earnings (Loss) Per Share (D_2

Earnings (Loss) Per Share (Details) - Schedule of antidilutive shares excluded - shares shares in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	12,390	13,043
Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	4,630	5,293
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	1,030	1,020
Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	6,730	6,730

Stock-Based Compensation (Detai

Stock-Based Compensation (Details)	Oct. 31, 2020 shares
Share-Based Payment Arrangement [Abstract]
Number of shares approved to be issued (in Shares)	7,725,000

Stock-Based Compensation (Det_2

Stock-Based Compensation (Details) - Schedule of stock option and restricted stock unit shares in Thousands	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Stock-Based Compensation (Details) - Schedule of stock option and restricted stock unit [Line Items]
Number of Shares Available for Issuance Under the Plan, Outstanding at beginning balance	1,815
Number of Shares Available for Issuance Under the Plan, Granted	(342)
Number of Shares Available for Issuance Under the Plan, Options exercised and RSUs vested	18
Number of Shares Available for Issuance Under the Plan, Forfeited or expired	23
Number of Shares Available for Issuance Under the Plan, Outstanding at ending balance	1,514
Stock Options [Member]
Stock-Based Compensation (Details) - Schedule of stock option and restricted stock unit [Line Items]
Number of Shares, Outstanding at beginning balance	4,632
Number of Shares, Granted	0
Number of Shares, Options exercised and RSUs vested	0
Number of Shares, Forfeited or expired	(2)
Number of Shares, Outstanding at ending balance	4,630
Weighted- Average Exercise Price, Outstanding at beginning balance (in Dollars per share) | $ / shares	$ 7.13
Weighted- Average Exercise Price, Granted (in Dollars per share) | $ / shares	0
Weighted- Average Exercise Price, Options exercised and RSUs vested (in Dollars per share) | $ / shares
Weighted- Average Exercise Price Stock Options, Forfeited or expired (in Dollars per share) | $ / shares	5.88
Weighted- Average Exercise Price Stock Options, Outstanding at ending balance (in Dollars per share) | $ / shares	$ 7.13
Restricted Stock Units [Member]
Stock-Based Compensation (Details) - Schedule of stock option and restricted stock unit [Line Items]
Number of Shares, Outstanding at beginning balance	759
Number of Shares, Granted	342
Number of Shares, Options exercised and RSUs vested	(49)
Number of Shares, Forfeited or expired	(21)
Number of Shares, Outstanding at ending balance	1,030
Weighted- Average Grant Date Fair Value, Outstanding at beginning balance (in Dollars per share) | $ / shares	$ 7.14
Weighted- Average Grant Date Fair Value, Granted (in Dollars per share) | $ / shares	1.41
Weighted- Average Grant Date Fair Value, Options exercised and RSUs vested (in Dollars per share) | $ / shares	10.27
Weighted- Average Grant Date Fair Value, Forfeited or expired (in Dollars per share) | $ / shares	9.85
Weighted- Average Grant Date Fair Value, Outstanding at ending balance (in Dollars per share) | $ / shares	$ 4.89

Stock-Based Compensation (Det_3

Stock-Based Compensation (Details) - Schedule of assumptions used to value the company's stock options grants - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Stock-Based Compensation (Details) - Schedule of assumptions used to value the company's stock options grants [Line Items]
Dividend yield		0%
Risk-free interest rate	3.94%		4.22%
Weighted average grant date fair value		$ 2.3
Stock-based compensation—Options	$ 777	$ 967
Stock-based compensation—RSUs	$ 490	$ 821
Minimum [Member]
Stock-Based Compensation (Details) - Schedule of assumptions used to value the company's stock options grants [Line Items]
Expected volatility		60%
Expected term (years)		6 years
Risk-free interest rate		1.40%
Maximum [Member]
Stock-Based Compensation (Details) - Schedule of assumptions used to value the company's stock options grants [Line Items]
Expected volatility		65%
Expected term (years)		6 years 6 months
Risk-free interest rate		2.44%

Segment and Geographic Inform_3

Segment and Geographic Information (Details)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Reporting segment	1

Segment and Geographic Inform_4

Segment and Geographic Information (Details) - Schedule of revenue by geographic location - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 12,387	$ 17,627
Revenue by geographic percentage	100%	100%
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 6,686	$ 11,799
Revenue by geographic percentage	54%	67%
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 562	$ 1,901
Revenue by geographic percentage	5%	11%
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 3,893	$ 3,862
Revenue by geographic percentage	31%	22%
Total International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 5,701	$ 5,828
Revenue by geographic percentage	46%	33%
Netherlands [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 1,246	$ 65
Revenue by geographic percentage	10%	0%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Spiegel Venture and Nebula [Member]
Related Party Transactions [Line Items]
Total related party revenue	$ 0.1
Spiegel Venture [Member] | License Fees [Member]
Related Party Transactions [Line Items]
Total related party revenue	0.8
Nebula [Member]
Related Party Transactions [Line Items]
Revenue share from subscription sales	$ 1.2	$ 1

Related Party Transactions (D_2

Related Party Transactions (Details) - Schedule of consolidated balance sheets - Spiegel Venture and Nebula [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Related Party Transactions [Line Items]
Accounts receivable	$ 2,804	$ 3,358
Accounts payable	788	404
Accrued expenses and other liabilities	$ 14	$ 0

Related Party Transactions (D_3

Related Party Transactions (Details) - Schedule of statement of operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Related Party Transactions [Line Items]
Revenues	$ 12,387	$ 17,627
Spiegel Venture and Nebula [Member]
Related Party Transactions [Line Items]
Revenues	794	0
Cost of revenues	$ 1,202	$ 990

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Leases (Details) [Line Items]
Operating lease agreement description	The Company is a party to a non-cancellable operating lease agreement for office space, which expires in 2033.
Operating lease right-of-use assets	$ 3,633	$ 3,702
Current lease liabilities	300
Non-current lease liabilities	$ 4,560	$ 4,648
Weighted average discount rate percentage	4.40%
Weighted average remaining lease term	9 years 10 months 24 days
Operating lease income	$ 100
Future minimum lease payment receivable	$ 600

Leases (Details) - Schedule of

Leases (Details) - Schedule of total operating lease cost - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Schedule of total operating lease cost [Abstract]
Operating lease cost	$ 121	$ 121
Short-term lease cost	0	18
Variable lease cost	13	11
Total lease cost	$ 134	$ 150

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of maturities of our operating lease liabilities $ in Thousands	Mar. 31, 2023 USD ($)
Schedule of maturities of our operating lease liabilities [Abstract]
Remaining nine months of 2023	$ 409
2024	557
2025	571
2026	585
2027	600
Thereafter	3,346
Total Lease Payments	6,068
Less: imputed interest	(1,165)
Present value of total lease liabilities	$ 4,903

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2022
Commitments and Contingencies (Details) [Line Items]
Content obligations	$ 7.5			$ 11.5
Current content liabilities	1.6			2.9
Content assets obligations	5.9			$ 8.6
Advertising commitments	$ 1.1
Forecast [Member]
Commitments and Contingencies (Details) [Line Items]
Advertising obligations		$ 0.6	$ 0.5

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 0.1	$ 0.1