FG (FGH) 10-Q 14 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Aug. 07, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	1-13906
Entity Registrant Name	FG GROUP HOLDINGS INC.
Entity Central Index Key	0000946454
Entity Tax Identification Number	47-0587703
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	5960 Fairview Road
Entity Address, Address Line Two	Suite 275
Entity Address, City or Town	Charlotte
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28210
City Area Code	(704)
Local Phone Number	994-8279
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	FGH
Security Exchange Name	NYSEAMER
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		19,638,248

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 4,966	$ 3,789
Accounts receivable (net of credit allowances of $250 and $409, respectively)	6,408	6,167
Inventories, net	3,125	3,389
Other current assets	12,009	4,871
Total current assets	26,508	18,216
Property, plant and equipment, net	12,586	12,649
Operating lease right-of-use assets	259	310
Finance lease right-of-use asset	906	666
Equity holdings	30,240	37,522
Film and television programming rights, net	7,691	1,501
Intangible assets, net	2	5
Goodwill	902	882
Other assets	1	2
Total assets	79,095	71,753
Current liabilities:
Accounts payable	3,637	4,375
Accrued expenses	7,521	5,167
Short-term debt	14,927	2,510
Current portion of long-term debt	220	216
Current portion of operating lease obligations	116	116
Current portion of finance lease obligations	179	117
Deferred revenue and customer deposits	1,143	1,787
Total current liabilities	27,743	14,288
Operating lease obligations, net of current portion	200	257
Finance lease obligations, net of current portion	732	550
Long-term debt, net of current portion and deferred debt issuance costs, net	4,898	5,004
Deferred income taxes	4,490	4,851
Other long-term liabilities	720	105
Total liabilities	38,783	25,055
Commitments, contingencies and concentrations (Note 16)
Stockholders’ equity:
Preferred stock, par value $.01 per share; authorized 1,000 shares, none outstanding
Common stock, par value $.01 per share; authorized 50,000 shares; issued 22,264 shares; outstanding 19,470	223	223
Additional paid-in capital	55,051	53,882
Retained earnings	7,151	16,437
Treasury stock, 2,794 shares at cost	(18,586)	(18,586)
Accumulated other comprehensive loss	(4,769)	(5,258)
Total FG Group Holdings shareholders’ equity	39,070	46,698
Equity attributable to non-controlling interest	1,242
Total stockholders’ equity	40,312	46,698
Total liabilities and stockholders’ equity	$ 79,095	$ 71,753

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 250	$ 409
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000	1,000
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	50,000	50,000
Common stock, shares issued	22,264	22,264
Common stock, shares outstanding	19,470	19,470
Common shares in treasury, shares	2,794	2,794

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Total net revenues	$ 18,022	$ 9,143	$ 28,131	$ 19,169
Total cost of revenues	10,575	6,723	18,206	14,237
Gross profit	7,447	2,420	9,925	4,932
Selling and administrative expenses:
Selling	618	684	1,152	1,225
Administrative	7,602	2,621	10,326	5,354
Total selling and administrative expenses	8,220	3,305	11,478	6,579
Gain on disposal of assets	5		6
Loss from operations	(768)	(885)	(1,547)	(1,647)
Other income (expense):
Interest income		1		7
Interest expense	(138)	(88)	(249)	(147)
Foreign currency transaction (loss) gain	(426)	206	(307)	(136)
Unrealized loss on equity holdings	(1,647)	(4,178)	(4,538)	(2,451)
Other (expense) income, net	(14)	3	9	(198)
Total other expense	(2,225)	(4,056)	(5,085)	(2,925)
(Loss) income before income taxes and equity method holding loss	(2,993)	(4,941)	(6,632)	(4,572)
Income tax (expense) benefit	(355)	303	(56)	(47)
Equity method holding loss	(2,043)	(960)	(2,694)	(1,780)
Net loss	(5,391)	(5,598)	(9,382)	(6,399)
Net loss attributable to non-controlling interest	(118)		(118)
Net loss attributable to FG Group Holdings	$ (5,273)	$ (5,598)	$ (9,264)	$ (6,399)
Net loss per share:
Basic	$ (0.27)	$ (0.29)	$ (0.48)	$ (0.33)
Diluted	$ (0.27)	$ (0.29)	$ (0.48)	$ (0.33)
Weighted-average shares used in computing net loss per share:
Basic	19,470	19,273	19,293	19,133
Diluted	19,470	19,273	19,293	19,133
Product [Member]
Total net revenues	$ 8,411	$ 6,683	$ 15,615	$ 14,386
Total cost of revenues	6,305	4,833	11,770	10,690
Service [Member]
Total net revenues	9,611	2,460	12,516	4,783
Total cost of revenues	$ 4,270	$ 1,890	$ 6,436	$ 3,547

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Net loss	$ (5,391)	$ (5,598)	$ (9,382)	$ (6,399)
Adjustment to postretirement benefit obligation	(4)	(4)	(9)	(11)
Currency translation adjustment:
Unrealized net change arising during period	558	(730)	485	(553)
Total other comprehensive income (loss)	554	(734)	476	(564)
Comprehensive loss	(4,837)	(6,332)	(8,906)	(6,963)
Comprehensive loss attributable to non-controlling interest	(130)		(130)
Comprehensive loss attributable to FG Group Holdings	$ (4,707)	$ (6,332)	$ (8,776)	$ (6,963)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 213	$ 50,807	$ 23,591	$ (18,586)	$ (3,748)	$ 52,277		$ 52,277
Beginning balance, shares at Dec. 31, 2021	21,286
Net loss			(802)			(802)		(802)
Net other comprehensive income/loss					170	170		170
Stock-based compensation expense		194				194		194
Issuance of common stock	$ 8	2,342				2,350		2,350
Issuance of common stock, shares	761
Issuance of warrants		109				109		109
Ending balance, value at Mar. 31, 2022	$ 221	53,452	22,789	(18,586)	(3,578)	54,298		54,298
Ending balance, shares at Mar. 31, 2022	22,047
Beginning balance, value at Dec. 31, 2021	$ 213	50,807	23,591	(18,586)	(3,748)	52,277		52,277
Beginning balance, shares at Dec. 31, 2021	21,286
Net loss								(6,399)
Net other comprehensive income/loss								(564)
Ending balance, value at Jun. 30, 2022	$ 221	53,611	17,191	(18,586)	(4,312)	48,125		48,125
Ending balance, shares at Jun. 30, 2022	22,120
Beginning balance, value at Mar. 31, 2022	$ 221	53,452	22,789	(18,586)	(3,578)	54,298		54,298
Beginning balance, shares at Mar. 31, 2022	22,047
Net loss			(5,598)			(5,598)		(5,598)
Net other comprehensive income/loss					(734)	(734)		(734)
Stock-based compensation expense		175				175		175
Vesting of restricted stock		(16)				(16)		(16)
Vesting of restricted stock, shares	73
Ending balance, value at Jun. 30, 2022	$ 221	53,611	17,191	(18,586)	(4,312)	48,125		48,125
Ending balance, shares at Jun. 30, 2022	22,120
Beginning balance, value at Dec. 31, 2022	$ 223	53,882	16,437	(18,586)	(5,258)	46,698		46,698
Beginning balance, shares at Dec. 31, 2022	22,264
Cumulative effect of adoption of accounting principle			(24)			(24)		(24)
Net loss			(3,989)			(3,989)		(3,989)
Net other comprehensive income/loss					(77)	(77)		(77)
Stock-based compensation expense		127				127		127
Ending balance, value at Mar. 31, 2023	$ 223	54,009	12,424	(18,586)	(5,335)	42,735		42,735
Ending balance, shares at Mar. 31, 2023	22,264
Beginning balance, value at Dec. 31, 2022	$ 223	53,882	16,437	(18,586)	(5,258)	46,698		46,698
Beginning balance, shares at Dec. 31, 2022	22,264
Net loss								(9,382)
Net other comprehensive income/loss								476
Ending balance, value at Jun. 30, 2023	$ 223	55,051	7,151	(18,586)	(4,769)	39,070	1,242	40,312
Ending balance, shares at Jun. 30, 2023	22,264
Beginning balance, value at Mar. 31, 2023	$ 223	54,009	12,424	(18,586)	(5,335)	42,735		42,735
Beginning balance, shares at Mar. 31, 2023	22,264
Net loss			(5,273)			(5,273)	(118)	(5,391)
Net other comprehensive income/loss					566	566	(12)	554
Stock-based compensation expense		910				910		910
IPO of Strong Global Entertainment, Inc. and issuance of Landmark warrant, net of costs		1,383				1,383	225	1,608
Non-controlling interest allocation		(1,147)				(1,147)	1,147
Vesting of restricted stock		(104)				(104)		(104)
Ending balance, value at Jun. 30, 2023	$ 223	$ 55,051	$ 7,151	$ (18,586)	$ (4,769)	$ 39,070	$ 1,242	$ 40,312
Ending balance, shares at Jun. 30, 2023	22,264

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net loss	$ (9,382)	$ (6,399)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:
Recovery of doubtful accounts	(3)	3
Provision for obsolete inventory	29	6
Provision for warranty	73	15
Depreciation and amortization	2,527	702
Amortization and accretion of operating leases	59	137
Equity method holding loss	2,694	1,780
Adjustment to SageNet promissory note in connection with prepayment		202
Unrealized loss on equity holdings	4,538	2,451
Deferred income taxes	(388)	(292)
Stock-based compensation expense	1,037	369
Changes in operating assets and liabilities:
Accounts receivable	(225)	(1,085)
Inventories	286	(602)
Current income taxes	(401)	(135)
Other assets	(8,692)	1,055
Accounts payable and accrued expenses	5,978	(674)
Deferred revenue and customer deposits	(651)	(446)
Operating lease obligations	(65)	(132)
Net cash used in operating activities	(2,586)	(3,045)
Cash flows from investing activities:
Capital expenditures	(318)	(840)
Acquisition of programming rights	(86)	(337)
Sale (purchase) of equity holdings	198	(2,000)
Receipt of SageNet promissory note		2,300
Net cash used in investing activities	(206)	(877)
Cash flows from financing activities:
Principal payments on short-term debt	(414)	(285)
Principal payments on long-term debt	(101)	(66)
Proceeds from Strong Global Entertainment initial public offering	2,411
Borrowings under credit facility	4,344
Repayments under credit facility	(2,132)
Payments of withholding taxes for net share settlement of equity awards	(104)	(15)
Payments on finance lease obligations	(66)	(2)
Net cash provided by (used in) financing activities	3,938	(368)
Effect of exchange rate changes on cash and cash equivalents	31	(30)
Net increase (decrease) in cash and cash equivalents and restricted cash	1,177	(4,320)
Cash and cash equivalents and restricted cash at beginning of period	3,789	8,881
Cash and cash equivalents and restricted cash at end of period	4,966	4,561
Components of cash and cash equivalents and restricted cash:
Cash and cash equivalents	4,966	4,411
Restricted cash		150
Total cash and cash equivalents and restricted cash	4,966	4,561
Supplemental disclosure of non-cash investing and financing activities:
Short-term borrowings to finance insurance	586	392
Issuance of debt, common shares, and warrants in connection with purchase of Digital Ignition building		7,609
Amount payable to Landmark Studio Group in connection with aquistion of projects (Note 9)		$ 1,345

Nature of Operations

Nature of Operations	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Nature of Operations	1. Nature of Operations FG Group Holdings Inc. (previously Ballantyne Strong, Inc.) (“FG Group Holdings,” or the “Company”), a Nevada corporation, is a holding company. The Company’s holdings primarily consist of equity securities in public and private companies and real estate holdings in the United States and Canada. The Company has historically conducted a large portion of its operations primarily through its Strong Entertainment operating segment. The Company completed the Separation (as defined below) and initial public offering (“IPO”) of the Strong Entertainment business on May 18, 2023. Following this transaction, Strong Global Entertainment became a separate publicly listed company and FG Group Holdings holds approximately 84% of the Class A common shares and 100% of the Class B common shares as of the date hereof. As the Company continues to be the majority shareholder of Strong Global Entertainment, the financial results of Strong Global Entertainment are presented on a consolidated basis in the Company’s condensed consolidated financial statements. The Company reports the noncontrolling interest in Strong Global Entertainment as a component of equity separate from the Company’s equity. The Company’s net loss excludes the net loss attributable to the noncontrolling interest. Strong Global Entertainment manufactures and distributes premium large format projection screens and provides technical support services and other related products and services to the cinema exhibition industry, theme parks, schools, museums and other entertainment-related markets. Strong Entertainment also distributes and supports third party products, including digital projectors, servers, library management systems, menu boards and sound systems. In March 2022, the Company launched Strong Studios, Inc. (“Strong Studios”) with the goal of expanding Strong Entertainment to include content creation and production of feature films and series. The launch of Strong Studios is intended to further diversify our revenue streams and increase our addressable markets, while leveraging and expanding our existing relationships in the industry. Following the Separation and IPO, the operations of the Strong Entertainment operating segment are part of a newly established British Columbia corporation, Strong Global Entertainment, Inc. (“Strong Global Entertainment”). Strong Global Entertainment’s common shares are listed on the NYSE American under the ticker symbol “SGE.” In connection with the IPO, the Company and Strong Global Entertainment (and the subsidiaries of each) entered into a Master Asset Purchase Agreement, an IP Assignment Agreement, the FG Group Holdings Asset Transfer Agreement, the FG Group Holdings IP Assignment Agreement, the Joliette Plant Lease, the Share Transfer Agreements and a number of other agreements to govern the separation of the legacy Strong Entertainment business from the Company and the contribution of certain of the related business and assets to Strong Global Entertainment (the “Separation”). Under the Management Services Agreement, Strong Global Entertainment and the Company provide certain services to each other, which include information technology, legal, finance and accounting, human resources, tax, treasury, and other services, and charges a fee that is based on its actual costs and expenses for those services in the future (with mark-up, if necessary, to comply with applicable transfer pricing principles under Canadian and U.S. tax regulations). The Company owns and operates its Digital Ignition technology incubator and co-working facility in Alpharetta, Georgia. In addition, the Company holds minority equity positions in three companies as discussed in Note 7.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and all majority-owned and controlled domestic and foreign subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Unless the context indicates otherwise, references to the “Company” include the Company and its majority-owned and controlled domestic and foreign subsidiaries. The condensed consolidated financial statements included in this report are presented in accordance with the requirements of Form 10-Q and consequently do not include all of the disclosures normally required by accounting principles generally accepted in the United States of America (also referred to as “GAAP”) for annual reporting purposes or those made in the Company’s Annual Report on Form 10-K. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. The condensed consolidated balance sheet as of December 31, 2022, was derived from the Company’s audited consolidated balance sheet as of that date. All other condensed consolidated financial statements contained herein are unaudited and, in the opinion of management, reflect all adjustments of a normal recurring nature necessary to present a fair statement of the financial position and the results of operations and cash flows for the respective interim periods. Certain prior period balances have been reclassified to conform to current period presentation. The results for interim periods are not necessarily indicative of trends or results expected for a full year. Unless otherwise indicated, all references to “dollars” and “$” in this Quarterly Report on Form 10-Q are to, and amounts are presented in, U.S. dollars. Use of Management Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results and changes in facts and circumstances may alter such estimates and affect results of operations and financial position in future periods. The coronavirus pandemic (“COVID-19”) had an unprecedented impact to consumer behaviors and our customers, particularly our customers’ ability and willingness to purchase our products and services. The Company believes that consumer reticence to engage in outside-the-home activities, caused by the risk of contracting COVID-19, has abated, and our customers have resumed more typical, pre-COVID-19 purchasing behaviors. And while we believe our customers made significant progress in its recovery from the pandemic, the impact of COVID-19 on inflation and supply chains and the continued economic recovery will be contingent upon several key factors, including the volume of new film content available, the box office performance of new film content released, the duration of the exclusive theatrical release window, and evolving consumer behavior with competition from other forms of in- and out-of-home entertainment. There can be no assurances that there will be no additional public health crises, including further resurgence or variants of COVID-19, which could reverse the current trend and have a negative impact on the Company’s results of operations. Cash and Cash Equivalents All short-term, highly liquid financial instruments are classified as cash equivalents in the condensed consolidated balance sheets and statements of cash flows. Generally, these instruments have maturities of three months or less from date of purchase. As of June 30, 2023, $ 2.5 5.0 Accounts Receivable Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The Company determines the allowance for credit losses based on several factors, including overall customer credit quality, historical write-off experience and a specific analysis that projects the ultimate collectability of the account. As such, these factors may change over time causing the allowance level and bad debt expense to be adjusted accordingly. Past due accounts are written off when our efforts have been unsuccessful in collecting amounts due. Equity Holdings The Company accounts for its equity holdings using the equity method, at cost, or at fair value depending on the facts and circumstances related to each individual holding. The Company applies the equity method of accounting to its holdings when it has significant influence, but not controlling interest, in the entity. Judgment regarding the level of influence over each equity method holding includes considering key factors such as ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions. The Company’s proportionate share of the net income or loss resulting from these equity holdings is reported under the line item captioned “equity method holding loss” in our condensed consolidated statements of operations. The Company’s equity method holding is reported at cost and adjusted each period for the Company’s share of the entity’s income or loss and dividends paid, if any. The Company’s share of the entity’s income or loss is recorded on a one-quarter lag for all equity method holdings. The Company classifies distributions received from equity method holdings using the cumulative earnings approach on the condensed consolidated statements of cash flows. Changes in fair value of holdings in marketable equity securities of unconsolidated entities in which the Company is not able to exercise significant influence (“Fair Value Holdings”) are recognized on the consolidated statement of operations. Nonmarketable equity holdings in unconsolidated entities in which the Company is not able to exercise significant influence (“Cost Method Holdings”) are accounted for at the Company’s initial cost, minus any impairment (if any), plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar holding or security of the same issuer. Dividends on Fair Value Holdings and Cost Method Holdings received are recorded as income. The Company assesses its equity holdings for impairment whenever events or changes in circumstances indicate that the carrying value of an equity holding may not be recoverable. Management reviewed the underlying net assets of the Company’s equity method holding as of June 30, 2023, and determined that the Company’s proportionate economic interest in the entity indicates that the equity holding was not impaired. There were no observable price changes in orderly transactions for an identical or similar holding or security of the Company’s Cost Method Holding during the three or six months ended June 30, 2023. The carrying value of our equity method, Fair Value Holdings and Cost Method Holdings is reported as “equity holdings” on the condensed consolidated balance sheets. Note 7 contains additional information on our equity method, Fair Value Holdings and Cost Method Holdings. Film and Television Programming Rights Commencing in March 2022, the Company began producing original productions and acquiring rights to films and television programming. Film and television programming rights include the unamortized costs of in-process or in-development content produced or acquired by the Company. The Company’s capitalized costs include all direct production and financing costs, capitalized interest when applicable, and production overhead. Where available, the Company utilizes certain governmental incentives, programs and other structures from states and foreign countries (e.g., refundable tax credits calculated based on the amount of money spent in the particular jurisdiction in connection with the production) to fund its film and television productions and reduce financial risk. Film and television program rights are stated at the lower of amortized cost or estimated fair value. The costs of producing content are amortized using the individual-film-forecast method. These costs are amortized based on the ratio of the current period’s revenues to management’s estimated remaining total gross revenues to be earned (“Ultimate Revenue”) as of each reporting date to reflect the most current available information. Participation costs represent contingent consideration payable based on the performance of the film or television program to parties associated with the film or television program, including producers, writers, directors or actors and estimated liabilities for participations are accrued based on the ratio of the current period’s revenues to management’s estimated remaining total gross revenues to be earned. Management’s judgment is required in estimating Ultimate Revenue and the costs to be incurred throughout the life of each film or television program. Amortization is adjusted when necessary to reflect increases or decreases in forecasted Ultimate Revenues. For an episodic television series, the period over which Ultimate Revenues are estimated cannot exceed ten years following the date of delivery of the first episode, or, if still in production, five years from the date of delivery of the most recent episode, if later. For films, Ultimate Revenue includes estimates over a period not to exceed ten years following the date of initial release. Content assets are expected to be predominantly monetized individually and therefore are reviewed at the individual level when an event or change in circumstance indicates a change in the expected usefulness of the content or the fair value may be less than the unamortized cost. Due to the inherent uncertainties involved in making such estimates of Ultimate Revenues and expenses, these estimates may materially differ from actual results. In addition, in the normal course of our business, some films and titles will be more successful or less successful than anticipated. Management regularly reviews and revises, when necessary, its Ultimate Revenue and cost estimates, which may result in a change in the rate of amortization of film costs and participations and residuals and/or a write-down of all or a portion of the unamortized costs of the film or television program to its estimated fair value. An increase in the estimate of Ultimate Revenue will generally result in a lower amortization rate and, therefore, less film and television program amortization expense, while a decrease in the estimate of Ultimate Revenue will generally result in a higher amortization rate and, therefore, higher film and television program amortization expense, and also periodically result in an impairment requiring a write-down of the film cost to the title’s fair value. The Company has not incurred any of these write-downs. An impairment charge would be recorded in the amount by which the unamortized costs exceed the estimated fair value. Estimates of future revenue involve measurement uncertainties and it is therefore possible that reductions in the carrying value of capitalized costs may be required because of changes in management’s future revenue estimates. Fair Value of Financial Instruments Assets and liabilities measured at fair value are categorized into a fair value hierarchy based upon the observability of inputs to the valuation of an asset or liability as of the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. The categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories: ● Level 1 – inputs to the valuation techniques are quoted prices in active markets for identical assets or liabilities ● Level 2 – inputs to the valuation techniques are other than quoted prices but are observable for the assets or liabilities, either directly or indirectly ● Level 3 – inputs to the valuation techniques are unobservable for the assets or liabilities The following tables present the Company’s financial assets measured at fair value based upon the level within the fair value hierarchy in which the fair value measurements are classified, as of June 30, 2023 and December 31, 2022. Fair values measured on a recurring basis at June 30, 2023 (in thousands): Schedule of Fair Value Measured Financial Assets and Liabilities Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 4,966 $ - $ - $ 4,966 Fair value method equity holding 12,205 - - 12,205 Total $ 17,171 $ - $ - $ 17,171 Fair values measured on a recurring basis at December 31, 2022 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 3,789 $ - $ - $ 3,789 Fair value method equity holding 16,792 - - 16,792 Total $ 20,581 $ - $ - $ 20,581 The carrying values of all other financial assets and liabilities, including accounts receivable, accounts payable, accrued expenses and short-term debt reported in the consolidated balance sheets equal or approximate their fair values due to the short-term nature of these instruments. Based on a combination of the cash on hand as well as quoted market prices of the securities held by FGF Holdings (as defined below), the liquidation value of the Company’s equity method holding was $ 5.1 Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU requires the measurement of all expected credit losses for financial assets, including trade receivables, held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The Company adopted this ASU effective January 1, 2023. Upon adoption the Company recorded a cumulative effect adjustment decreasing retained earnings by $ 24

Revenue

Revenue	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue	3. Revenue The Company accounts for revenue using the following steps: ● Identify the contract, or contracts, with a customer; ● Identify the performance obligations in the contract; ● Determine the transaction price; ● Allocate the transaction price to the identified performance obligations; and ● Recognize revenue when, or as, the Company satisfies the performance obligations. The Company combines contracts with the same customer into a single contract for accounting purposes when the contracts are entered into at or near the same time and the contracts are negotiated as a single commercial package, consideration in one contract depends on the other contract, or the services are considered a single performance obligation. If an arrangement involves multiple performance obligations, the items are analyzed to determine whether they are distinct, whether the items have value on a standalone basis, and whether there is objective and reliable evidence of their standalone selling price. The total contract transaction price is allocated to the identified performance obligations based upon the relative standalone selling prices of the performance obligations. The standalone selling price is based on an observable price for services sold to other comparable customers, when available, or an estimated selling price using a cost-plus margin approach. The Company estimates the amount of total contract consideration it expects to receive for variable arrangements by determining the most likely amount it expects to earn from the arrangement based on the expected quantities of services it expects to provide and the contractual pricing based on those quantities. The Company only includes a portion of variable consideration in the transaction price when it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur or when the uncertainty associated with the variable consideration is subsequently resolved. The Company considers the sensitivity of the estimate, its relationship and experience with the client and variable services being performed, the range of possible revenue amounts and the magnitude of the variable consideration to the overall arrangement. As discussed in more detail below, revenue is recognized when a customer obtains control of promised goods or services under the terms of a contract and is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. The Company typically does not have any material extended payment terms, as payment is due at or shortly after the time of the sale. Sales, value-added and other taxes collected concurrently with revenue producing activities are excluded from revenue. The Company recognizes contract assets or unbilled receivables related to revenue recognized for services completed but not yet invoiced to the clients. Unbilled receivables are recorded as accounts receivable when the Company has an unconditional right to contract consideration. A contract liability is recognized as deferred revenue when the Company invoices clients, or receives cash, in advance of performing the related services under the terms of a contract. Deferred revenue is recognized as revenue when the Company has satisfied the related performance obligation. The Company defers costs to acquire contracts, including commissions, incentives and payroll taxes, if they are incremental and recoverable costs of obtaining a customer contract with a term exceeding one year. Deferred contract costs are reported within other assets and amortized to selling expense over the contract term, which generally ranges from one five years The following tables disaggregate the Company’s revenue by major source and by operating segment for the three and six months ended June 30, 2023 and 2022 (in thousands): Schedule of Disaggregation of Revenue Strong Entertainment Other Total Strong Entertainment Other Total Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Screen system sales $ 4,046 $ - $ 4,046 $ 3,251 $ - $ 3,251 Digital equipment sales 3,537 - 3,537 2,673 - 2,673 Extended warranty sales 49 - 49 84 - 84 Other product sales 779 - 779 675 - 675 Total product sales 8,411 - 8,411 6,683 - 6,683 Field maintenance and monitoring services 1,912 - 1,912 1,649 - 1,649 Installation services 1,038 - 1,038 469 - 469 Strong Studios services 6,379 - 6,379 - - - Other service revenues 99 183 282 21 321 342 Total service revenues 9,428 183 9,611 2,139 321 2,460 Total $ 17,839 $ 183 $ 18,022 $ 8,822 $ 321 $ 9,143 Strong Entertainment Other Total Strong Entertainment Other Total Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Screen system sales $ 7,003 $ - $ 7,003 $ 6,743 $ - $ 6,743 Digital equipment sales 7,063 - 7,063 6,216 - 6,216 Extended warranty sales 100 - 100 184 - 184 Other product sales 1,449 - 1,449 1,243 - 1,243 Total product sales 15,615 - 15,615 14,386 - 14,386 Field maintenance and monitoring services 3,803 - 3,803 3,267 - 3,267 Installation services 1,840 - 1,840 841 - 841 Strong Studios services 6,379 - 6,379 - - - Other service revenues 153 341 494 49 626 675 Total service revenues 12,175 341 12,516 4,157 626 4,783 Total $ 27,790 $ 341 $ 28,131 $ 18,543 $ 626 $ 19,169 Screen system sales The Company typically recognizes revenue on the sale of its screen systems when control of the screen is transferred to the customer, usually at time of shipment. However, revenue is recognized upon delivery for certain international shipments with longer shipping transit times because control transfers upon customer delivery. The cost of freight and shipping to the customer is recognized in cost of sales at the time of transfer of control to the customer. For contracts that are long-term in nature, the Company believes that the use of the percentage-of-completion method is appropriate as the Company has the ability to make reasonably dependable estimates of the extent of progress towards completion, contract revenues, and contract costs. Under the percentage-of-completion method, revenue is recorded based on the ratio of actual costs incurred to total estimated costs expected to be incurred related to the contract. Digital equipment sales The Company recognizes revenue on sales of digital equipment when the control of the equipment is transferred, which typically occurs at the time of shipment from the Company’s warehouse or drop-shipment from a third party. The cost of freight and shipping to the customer is recognized in cost of sales at the time of transfer of control to the customer. Field maintenance and monitoring services The Company sells service contracts that provide maintenance and monitoring services to its Strong Entertainment customers. These contracts are generally 12 months in length. Revenue related to service contracts is recognized ratably over the term of the agreement. In addition to selling service contracts, the Company also performs discrete time and materials-based maintenance and repair work for customers in the Strong Entertainment segment. Revenue related to time and materials-based maintenance and repair work is recognized at the point in time when the performance obligation has been fully satisfied. Installation services The Company performs installation services for its Strong Entertainment customers and recognizes revenue upon completion of the installations. Strong Studios services The Company develops and produces original films and television series, as well as acquires third-party rights to content for global multi-platform distribution and recognizes revenue upon the transfer or license of film and television programming rights and related intellectual property. Extended warranty sales The Company performs installation services for its Strong Entertainment customers and recognizes revenue upon completion of the installations. Timing of revenue recognition The following tables disaggregate the Company’s revenue by the timing of transfer of goods or services to the customer for the three and six months ended June 30, 2023 and 2022 (in thousands): Schedule of Disaggregation of Revenue Strong Entertainment Other Total Strong Entertainment Other Total Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Point in time $ 16,312 $ 34 $ 16,346 $ 7,532 $ 14 $ 7,546 Over time 1,527 149 1,676 1,290 307 1,597 Total $ 17,839 $ 183 $ 18,022 $ 8,822 $ 321 $ 9,143 Strong Entertainment Other Total Strong Entertainment Other Total Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Point in time $ 24,742 $ 48 $ 24,790 $ 15,974 $ 17 $ 15,991 Over time 3,048 293 3,341 2,569 609 3,178 Total $ 27,790 $ 341 $ 28,131 $ 18,543 $ 626 $ 19,169 At June 30, 2023, the unearned revenue amount associated with long-term projects that the Company uses the percentage-of-completion method to recognize revenue, maintenance and monitoring services and extended warranty sales in which the Company is the primary obligor was $ 0.4 0.4

Net Loss Per Common Share

Net Loss Per Common Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Net Loss Per Common Share	4. Net Loss Per Common Share Basic net loss per share has been computed on the basis of the weighted average number of shares of common stock outstanding. In periods when the Company reported a net loss, there were no differences between average shares used to compute basic and diluted loss per share as inclusion of stock options and restricted stock units would have been anti-dilutive in those periods. The following table summarizes the weighted average shares used to compute basic and diluted net loss per share (in thousands): Schedule of Net(Loss) Income Per Share 2023 2022 2023 2022 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Weighted average shares outstanding: Basic weighted average shares outstanding 19,470 19,273 19,293 19,133 Dilutive effect of stock options and certain non-vested restricted stock units - - - - Diluted weighted average shares outstanding 19,470 19,273 19,293 19,133 Anti-dilutive employee stock-based awards excluded 370 197 436 179 Options to purchase 742,000 and 349,500 shares of common stock were outstanding as of June 30, 2023 and June 30, 2022, respectively, but were not included in the computation of diluted loss per share as the options’ exercise prices were greater than the average closing price of the common shares for each period.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Inventories	5. Inventories Inventories consisted of the following (in thousands): Schedule of Inventories June 30, 2023 December 31, 2022 Raw materials and components $ 1,984 $ 1,826 Work in process 312 279 Finished goods 829 1,284 Total $ 3,125 $ 3,389 The inventory balances are net of reserves of approximately $ 0.5 Schedule of Inventory Reserve Inventory reserve balance at December 31, 2022 $ 486 Inventory write-offs during 2023 (16 ) Provision for inventory reserve during 2023 29 Inventory reserve balance at June 30, 2023 $ 499

Other Current Assets

Other Current Assets	6 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current Assets	6. Other Current Assets Other current assets consisted of the following as of June 30, 2023 and December 31, 2022 (in thousands): Schedule of Other Current Assets June 30, 2023 December 31, 2022 Prepaid expenses $ 1,346 $ 553 Receivable from Safehaven 2022, Inc. - 1,625 Costs incurred in connection with Strong Global Entertainment initial public offering - 1,920 Unbilled accounts receivable 541 337 Production tax rebate receivable 3,476 - Receivable from Ravenwood Productions LLC 6,379 - Other 267 436 Total $ 12,009 $ 4,871

Equity Holdings

Equity Holdings	6 Months Ended
	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Equity Holdings	7. Equity Holdings The following summarizes our equity holdings (dollars in thousands): Summary of Investments June 30, 2023 December 31, 2022 Carrying Amount Economic Interest Carrying Amount Economic Interest Equity Method Holding FG Financial Holdings, LLC $ 5,137 45.4 % $ 7,832 47.2 % Fair Value Method Holding GreenFirst Forest Products Inc. 12,205 8.3 % 16,792 8.4 % Cost Method Holding Firefly Systems, Inc. 12,898 12,898 Total Investments $ 30,240 $ 37,522 Equity Method Holding FG Financial Holdings, LLC (“FGF Holdings”) is a limited liability company formed under the Delaware Limited Liability Company Act. The Company is a member of FGF Holdings and contributed its 2.9 In consideration of its contribution to FGF Holdings, the Company was issued Series B Common Interests of FGF Holdings and 50% of the voting power over FGF Holdings. The members of FGF Holdings agreed that the powers of FGF Holdings shall be exercised by, or under the authority of, its managers. FGF Holdings has two managers, one of which was appointed by the Company. The Company designated its Chairman, D. Kyle Cerminara, to serve as a manager of FGF Holdings. The managers of FGF Holdings, acting unanimously, have the right, power and authority on behalf of FGF Holdings and in its name to execute documents or other instruments and exercise all of the rights, power and authority of FGF Holdings. Allocations of profits and losses and distributions of cash are made in accordance with the terms of the FGF Holdings operating agreement. The Company has the ability to significantly influence FGF Holdings through its 50 5.1 The Company recorded an equity method loss related to FGF Holdings of $ 2.0 2.7 Fair Value Method Holding GreenFirst Forest Products Inc. (“GreenFirst”) is a publicly-traded Canadian company focused on environmentally sustainable forest management and lumber production. In April 2021, GreenFirst announced that it had entered into an asset purchase agreement pursuant to which it would acquire a portfolio of forest and paper product assets (the “GreenFirst Acquisition”). The Company’s Chairman, Mr. Cerminara, served as a member of the board of directors of GreenFirst from June 2016 to October 2021, and was also appointed Chairman of GreenFirst from June 2018 to June 2021. Prior to the closing of the GreenFirst Acquisition, the Company held a 20.7% ownership position in GreenFirst. The Company’s 20.7% ownership of GreenFirst, combined with Mr. Cerminara’s board seat, provided the Company with significant influence over GreenFirst, but not a controlling interest. Accordingly, the Company applied the equity method of accounting to its equity holding in GreenFirst. Following the GreenFirst Acquisition and GreenFirst’s issuance of additional common shares, the Company’s ownership percentage decreased to 8.6%. 4.5 2.5 12.2 Cost Method Holding Firefly Systems, Inc. (“Firefly”) is a private company which operates a media network and digital advertising solutions on taxi and rideshare vehicles. The Company holds approximately 1.1 0.6 0.7

Property, Plant and Equipment,

Property, Plant and Equipment, Net	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, Net	8. Property, Plant and Equipment, Net Property, plant and equipment, net consisted of the following as of June 30, 2023 and December 31, 2022 (in thousands): Schedule of Property, Plant and Equipment June 30, 2023 December 31, 2022 Land $ 2,342 $ 2,341 Buildings and improvements 9,463 12,756 Machinery and other equipment 4,976 4,786 Office furniture and fixtures 873 860 Construction in progress 238 11 Total properties, cost 17,892 20,754 Less: accumulated depreciation (5,306 ) (8,105 ) Property, plant and equipment, net $ 12,586 $ 12,649

Film and Television Programming

Film and Television Programming Rights, Net	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Film and Television Programming Rights, Net	9. Film and Television Programming Rights, Net Film and television programming rights, net consisted of the following as of June 30, 2023 and December 31, 2022 (in thousands): Schedule of Development Assets Acquired June 30, 2023 December 31, 2022 Television series in development $ 9,449 $ 1,308 Films in development 222 193 Total film and programming rights 9,671 1,501 Accumulated amortization (1,980 ) - Total film and programming rights, net $ 7,691 $ 1,501 A rollforward of film and television programming rights, net for the six months ended June 30, 2023, is as follows (in thousands): Schedule of Film and Television Programming Rights Balance at December 31, 2022 $ 1,501 Expenditures on in-process projects 86 Acquisition of distribution rights 8,188 Amortization of film and programming rights (1,980 ) Adjustment to fair value of warrant issued to Landmark (104 ) Balance at June 30, 2023 $ 7,691 In March 2022, Strong Studios acquired the rights to original feature films and television series from Landmark Studio Group LLC (“Landmark”), including the assignment of third party rights to content for global multiplatform distribution. The transaction entailed the acquisition of certain projects which are in varying stages of development, none of which have produced revenue as of June 30, 2023. In connection with such assignment and purchase, Strong Studios agreed to pay to Landmark approximately $ 1.7 0.3 1.7 1.0 Safehaven 0.3 Flagrant 0.4 Shadows in the Vineyard 150,000 As a condition precedent to entry into the AA Agreement, Strong Studios agreed to enter into distribution agreements for Safehaven Flagrant Safehaven 6.5 Flagrant 2.5 Flagrant Safehaven During the second quarter of 2022, Safehaven 2022, Inc. (“Safehaven 2022”) was established to manage the production and financing of Safehaven 49 51 49 100 Prior to acquiring 100 49 100 Schedule of Balance Sheets Cash $ 164 Television programming rights 8,142 Other assets 3,505 Total assets $ 11,811 Accounts payable and accrued expenses $ 250 Due to Strong Studios 1,710 Debt 9,851 Equity - Total liabilities and equity $ 11,811 Effective June 30, 2023, Safehaven 2022 entered into a purchase agreement (the “Purchase Agreement”) with SMV, to purchase all of SMV’s right, title and interest in Safehaven. Under the terms of the Purchase Agreement, the purchase price payable to Safehaven 2022 was satisfied by the payment in full by Ravenwood-Productions, LLC (“Ravenwood”) of the amount due as a minimum guarantee under the Safehaven Safehaven 15.0 5 0.4 Effective June 30, 2023, the Company and Ravenwood entered into a management agreement (the “Management Agreement”), pursuant to which: ● Ravenwood advanced the amount due to Bank of Hope in respect of the minimum guarantee under the Safehaven 6.4 million. ● Safehaven 2022, Strong Studios and Ravenwood will enter into a sales agent agreement with an agency to represent and sell the Safehaven ● Each of Ravenwood and Strong Studios will be paid a management commission of 20 7 ● All Gross Receipts (as defined by the Management Agreement) shall be distributed according to an agreed waterfall, with the balance to be paid to the named participants, including Strong Studios which will be paid 32.5 ● Safehaven 2022 conveyed to Ravenwood an undivided 75 Safehaven 25 Safehaven 2022 recognizes revenue and cost of sales using the individual-film-forecast method based on the ratio of the current period’s revenues to management’s estimated remaining total gross revenues to be earned. During the quarter ended June 30, 2023, Safehaven 2022 recognized $ 6.4 5.4 2.0 3.4

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	10. Goodwill The following represents a summary of changes in the Company’s carrying amount of goodwill for the six months ended June 30, 2023 (in thousands): Summary of Changes in Carrying Amount of Goodwill Balance as of December 31, 2022 $ 882 Foreign currency translation adjustment 20 Balance as of June 30, 2023 $ 902

Accrued Expenses

Accrued Expenses	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
Accrued Expenses	11. Accrued Expenses The Company’s accrued expense consisted of the following as of June 30, 2023 and December 31, 2022 (in thousands): Schedule of Accrued Expense June 30, 2023 December 31, 2022 Employee-related $ 2,169 $ 1,428 Warranty obligation 321 309 Interest and taxes 309 671 Legal and professional fees 279 725 Accrued participation costs 3,473 - Film and television programming rights 650 1,709 Other 320 325 Total $ 7,521 $ 5,167

Debt

Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	12. Debt The Company’s short-term debt and long-term debt consisted of the following as of June 30, 2023 and December 31, 2022 (in thousands): Schedule of Short term and Long term Debt June 30, 2023 December 31, 2022 Short-term debt: Strong/MDI 20 $ 2,283 $ 2,289 Strong/MDI 5 - 221 Strong/MDI revolving credit facility 2,237 - Safehaven production debt 9,851 - Insurance note payable 586 - Total short-term debt 14,957 2,510 Less: deferred debt issuance costs, net (30 ) - Total short-term debt, net of issuance costs $ 14,927 $ 2,510 Long-term debt: Tenant improvement loan $ 144 $ 162 Digital Ignition building loan 5,015 5,105 Total long-term debt $ 5,159 $ 5,267 Less: current portion (220 ) (216 ) Less: deferred debt issuance costs, net (41 ) (47 ) Long-term debt, net of current portion and deferred debt issuance costs, net $ 4,898 $ 5,004 Strong/MDI Installment Loans and Revolving Credit Facility On September 5, 2017, the Company’s Canadian subsidiary, Strong/MDI, entered into a demand credit agreement, as amended and restated May 15, 2018, with Canadian Imperial Bank of Commerce (“CIBC”) consisting of a revolving line of credit for up to CAD$ 3.5 20 6.0 5 0.5 2.0 20 5.1 5 0.5 0.5 The 2021 Credit Agreement required Strong/MDI to maintain a ratio of liabilities to “effective equity” (tangible stockholders’ equity, less amounts receivable from affiliates and equity method holdings) not exceeding 2.5 to 1, a current ratio (excluding amounts due from related parties) of at least 1.3 to 1 and minimum “effective equity” of CAD$ 4.0 In January 2023, Strong/MDI and CIBC entered into a demand credit agreement (the “2023 Credit Agreement”), which amended and restated the 2021 Credit Agreement. The 2023 Credit Agreement consists of a revolving line of credit for up to CAD$ 5.0 million and a 20 -year installment loan for up to CAD$ 3.1 million. Under the 2023 Credit Agreement: (i) the amount outstanding under the line of credit is payable on demand and bears interest at the lender’s prime rate plus 1.0 % and (ii) the amount outstanding under the installment loan bears interest at the lender’s prime rate plus 0.5 % and is payable in monthly installments, including interest, over their respective borrowing periods. The lender may also demand repayment of the installment loan at any time. The 2023 Credit Agreement is secured by a lien on Strong/MDI’s Quebec, Canada facility and substantially all of Strong/MDI’s assets. The 2023 Credit Agreement requires Strong/MDI to maintain a ratio of liabilities to “effective equity” (tangible stockholders’ equity, less amounts receivable from affiliates and equity holdings) not exceeding 2.5 to 1 and a fixed charge coverage ratio of not less than 1.1 times earnings before interest, income taxes, depreciation and amortization. The 5 -year installment note was paid in full in connection with entering into the 2023 Credit Agreement. As of June 30, 2023, there was CAD$ 3.1 million, or approximately $ 2.3 million, of principal outstanding on the 20 -year installment loan, which bears variable interest at 7.20 %. Strong/MDI was in compliance with its debt covenants as of June 30, 2023. In May 2023, Strong/MDI and CIBC entered into an amendment to the 2023 Credit Agreement which reduced the amount available under the revolving line of credit to CAD$ 3.4 million, and CIBC provided an undertaking to Strong/MDI to a release of CIBC’s security interest in certain assets to be transferred to a subsidiary in connection with transactions related to the IPO. As of June 30, 2023, there was CAD$ 3.0 million, or approximately $ 2.2 million, of principal outstanding on the revolving credit facility, which bears variable interest at 7.95 % Safehaven Production Debt Safehaven 2022 entered into a Loan and Security Agreement (“Loan Agreement”) with Bank of Hope to provide interim production financing for the Safehaven 9.9 6.4 Safehaven Tenant Improvement Loan During the fourth quarter of 2021, the Company entered into a lease for a combined office and warehouse in Omaha, Nebraska. The Company incurred total costs of approximately $ 0.4 million to complete the build-out of the new combined office and warehouse facility. The landlord has agreed to fund approximately 50 % of the build-out costs, and the Company is required to repay the portion funded by the landlord in equal monthly installments through the end of the initial lease term in February 2027. Through the end of 2021, the Company incurred approximately $ 0.2 million of total costs to build out the facility, of which approximately $ 0.1 million was funded by the landlord. The Company completed the build-out during the first quarter of 2022 and incurred an additional $ 0.2 million of total costs to complete the build-out, of which approximately $ 0.1 million was funded by the landlord. Digital Ignition Building Loam In January 2022, the Company purchased a parcel of land with buildings and improvements in Alpharetta, Georgia. In connection with the purchase of the land and building, the Company entered into a Commercial Loan Agreement (the “Loan Agreement”) with Community First Bank (the “Lender”), dated February 1, 2022. Pursuant to the Loan Agreement, the Lender agreed to lend the Company approximately $ 5.3 The term of the Loan Agreement runs from February 1, 2022, until the Loan Amount is repaid in full by the Company or the Loan Agreement is terminated pursuant to its terms or by agreement between the Company and the Lender. The terms of the Note include (i) a fixed interest rate of 4 32 The Note includes standard events of default and references defaults under the Loan Agreement and the Deed to Secure Debt as events of default under the Note. The Company has a right to cure any curable events of default. Insurance Debt The Company maintains certain commercial insurance policies, including management liability and other policies customarily held by publicly traded companies. The Company elected to finance a portion of the annual premium, which will be repaid in monthly installments through January 2024. The finance agreement bears fixed interest of approximately 9 %. Contractual Principal Payments Contractual required principal payments on the Company’s long-term debt at June 30, 2023, are as follows (in thousands): Schedule of Contractual Principal Payments of Long-term Debt Tenant Improvement Loan Digital Ignitiion Building Loan Total Remainder of 2023 $ 18 90 $ 108 2024 37 187 224 2025 40 195 235 2026 42 203 245 2027 7 4,340 4,347 Thereafter - - - Total $ 144 $ 5,015 $ 5,159

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	13. Leases The Company and its subsidiaries lease plant and office facilities and equipment under operating and finance leases expiring through 2027 Right-of-use assets and liabilities are recognized based on the present value of future minimum lease payments over the expected lease term at commencement date. Certain of the leases contain extension options; however, the Company has not included such options as part of its right-of-use assets and lease liabilities because it does not expect to extend the leases. The Company measures and records a right-of-use asset and lease liability based on the discount rate implicit in the lease, if known. In cases where the discount rate implicit in the lease is not known, the Company measures the right-of-use assets and lease liabilities using a discount rate equal to the Company’s estimated incremental borrowing rate for loans with similar collateral and duration. The Company elected to not apply the recognition requirements of Accounting Standards Codification Topic 842, “Leases,” to leases of all classes of underlying assets that, at the commencement date, have a lease term of 12 months or less and do not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise. Instead, lease payments for such short-term leases are recognized in operations on a straight-line basis over the lease term and variable lease payments in the period in which the obligation for those payments is incurred. The Company elected, as a lessee, for all classes of underlying assets, to not separate nonlease components from lease components and instead to account for each separate lease component and the nonlease components associated with that lease component as a single lease component. The following tables present the Company’s lease costs and other lease information (dollars in thousands): Schedule of Lease Costs and Other Lease Information June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Lease cost Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Finance lease cost: Amortization of right-of-use assets $ 37 $ 2 $ 70 $ 2 Interest on lease liabilities 15 1 27 1 Operating lease cost 39 46 73 150 Short-term lease cost 14 14 31 28 Sublease income - - - (32 ) Net lease cost $ 105 $ 63 $ 201 $ 149 June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Other information Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 15 $ 1 $ 27 $ 1 Operating cash flows from operating leases $ 33 $ 49 $ 65 $ 141 Financing cash flows from finance leases $ 38 $ 2 $ 66 $ 2 Right-of-use assets obtained in exchange for new finance lease liabilities $ 310 $ 68 $ 310 $ 68 Right-of-use assets obtained in exchange for new operating lease liabilities $ - $ - $ - $ - As of June 30, 2022 Weighted-average remaining lease term - finance leases (years) 1.5 Weighted-average remaining lease term - operating leases (years) 3.2 Weighted-average discount rate - finance leases 4.8 % Weighted-average discount rate - operating leases 3.8 % The following table presents a maturity analysis of the Company’s operating and finance lease liabilities as of June 30, 2023 (in thousands): Schedule of Future Minimum Lease Payments Operating Leases Finance Leases Remainder of 2023 $ 66 $ 124 2024 101 249 2025 79 496 2026 81 188 2027 14 5 Thereafter - - Total lease payments 341 1,062 Less: Amount representing interest (25 ) (151 ) Present value of lease payments 316 911 Less: Current maturities (116 ) (179 ) Lease obligations, net of current portion $ 200 $ 732

Income and Other Taxes

Income and Other Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income and Other Taxes	14. Income and Other Taxes In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. The Company considers the scheduled reversal of taxable temporary differences, projected future taxable income and tax planning strategies in making this assessment. A cumulative loss in a particular tax jurisdiction in recent years is a significant piece of evidence with respect to the realizability that is difficult to overcome. Based on the available objective evidence, including recent updates to the taxing jurisdictions generating income, the Company concluded that a valuation allowance should be recorded against all of the Company’s U.S. tax jurisdiction deferred tax assets as of June 30, 2023 and December 31, 2022. The Tax Cuts and Jobs Act provides for a territorial tax system, which began in 2018. It includes the global intangible low-taxed income (“GILTI”) provision. The GILTI provisions require the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary’s tangible assets. The GILTI provisions also allow for a high-tax exclusion if the effective tax rate of the tested income is greater than 18.9 18.9 Changes in tax laws may affect recorded deferred tax assets and liabilities and our effective tax rate in the future. In March 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted and made significant changes to Federal tax laws, including certain changes that were retroactive to the 2019 tax year. The effects of these changes relate to deferred tax assets and net operating losses; all of which are offset by valuation allowance. There were no material income tax consequences of this enacted legislation on the reporting period of these financial statements. The Company is subject to possible examinations not yet initiated for Federal purposes for the fiscal years 2019 through 2021. The Company is also subject to possible examinations for state and local purposes. In most cases, these examinations in the state and local jurisdictions remain open based on the particular jurisdiction’s statute of limitations.

Stock Compensation

Stock Compensation	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock Compensation	15. Stock Compensation The Company recognizes compensation expense for all stock-based payment awards based on estimated grant date fair values. Stock-based compensation expense included in selling and administrative expenses approximated $ 0.9 0.2 1.0 0.4 0.7 The Company’s 2017 Omnibus Equity Compensation Plan (“2017 Plan”) was approved by the Company’s stockholders and provides the Compensation Committee of the Board of Directors with the discretion to grant stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares, performance units and other stock- based awards and cash-based awards. Vesting terms vary with each grant and may be subject to vesting upon a “change in control” of the Company. On December 17, 2019, the Company’s stockholders approved the amendment and restatement of the 2017 Plan to (i) increase the number of shares of the Company’s common stock authorized for issuance under the 2017 Plan by 1,975,000 October 27, 2029 1.8 Stock Options The Company granted a total of 107,500 1.16 Schedule of Fair Value Valuation Model Expected dividend yield at date of grant 0.00 % Risk-free interest rate 3.52 % Expected stock price volatility 68.2 % Expected life of options (in years) 5.0 The following table summarizes stock option activity for the six months ended June 30, 2023: Summary of Stock Option Activities Number of Options Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (in thousands) Outstanding at December 31, 2022 639,500 $ 3.72 5.6 $ 127 Granted 107,500 $ 1.96 Exercised - Forfeited (5,000 ) $ 1.96 Expired - Outstanding at June 30, 2023 742,000 $ 3.21 4.4 $ 35 Exercisable at June 30, 2023 530,500 $ 4.06 4.7 $ 14 The aggregate intrinsic value in the table above represents the total that would have been received by the option holders if all in-the-money options had been exercised and sold on the date indicated. As of June 30, 2023, 211,500 0.2 2.2 Restricted Stock Units The Company estimates the fair value of restricted stock awards based upon the closing price of the underlying common stock on the date of grant. The following table summarizes restricted stock unit activity for the six months ended June 30, 2023: Summary of Restricted Stock Activity Number of Restricted Stock Units Weighted Average Grant Date Fair Value Non-vested at December 31, 2022 206,934 $ 2.06 Granted 390,000 $ 1.96 Shares vested - Shares forfeited - Non-vested at June 30, 2023 596,934 $ 2.06 As of June 30, 2023, the total unrecognized compensation cost related to non-vested restricted stock unit awards was approximately $ 0.7 2.7

Commitments, Contingencies and

Commitments, Contingencies and Concentrations	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Concentrations	16. Commitments, Contingencies and Concentrations Litigation The Company is involved, from time to time, in certain legal disputes in the ordinary course of business. No such disputes, individually or in the aggregate, are expected to have a material effect on the Company’s business or financial condition. The Company and certain of its subsidiaries are named as defendants in personal injury lawsuits based on alleged exposure to asbestos-containing materials. A majority of the cases involve product liability claims based principally on allegations of past distribution of commercial lighting products containing wiring that may have contained asbestos. Each case names dozens of corporate defendants in addition to the Company. In the Company’s experience, a large percentage of these types of claims have never been substantiated and have been dismissed by the courts. The Company has not suffered any adverse verdict in a trial court proceeding related to asbestos claims and intends to continue to defend these lawsuits. As of June 30, 2023, the Company has a loss contingency reserve of approximately $ 0.2 53 Concentrations The Company’s top ten customers accounted for approximately 40 62 10 Financial instruments that potentially expose the Company to a concentration of credit risk principally consist of accounts receivable. The Company sells product to a large number of customers in many different geographic regions. To minimize credit risk, the Company performs ongoing credit evaluations of its customers’ financial condition.

Business Segment Information

Business Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Business Segment Information	17. Business Segment Information The Company conducts its operations primarily through its Strong Entertainment business segment which manufactures and distributes premium large format projection screens and provides technical support services and other related products and services to the cinema exhibition industry, theme parks, schools, museums and other entertainment-related markets. Strong Entertainment also distributes and supports third party products, including digital projectors, servers, library management systems, menu boards and sound systems. Strong Studios, which is part of the Strong Entertainment operating segment, develops and produces original feature films and television series. The Company’s operating segments were determined based on the manner in which management organizes segments for making operating decisions and assessing performance. Summary by Business Segments Schedule of Segment Reporting Information by Segment 2023 2022 2023 2022 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in thousands) (in thousands) Net revenues Strong Entertainment $ 17,839 $ 8,822 $ 27,790 $ 18,543 Other 183 321 341 626 Total net revenues 18,022 9,143 28,131 19,169 Gross profit Strong Entertainment 7,264 2,098 9,585 4,304 Other 183 322 340 628 Total gross profit 7,447 2,420 9,925 4,932 Operating income (loss) Strong Entertainment 349 180 924 790 Other (122 ) (36 ) (291 ) (170 ) Total segment operating income 227 144 633 620 Unallocated administrative expenses (995 ) (1,029 ) (2,180 ) (2,267 ) Loss from operations (768 ) (885 ) (1,547 ) (1,647 ) Other expense, net (2,225 ) (4,056 ) (5,085 ) (2,925 ) Loss before income taxes and equity method holding loss $ (2,993 ) $ (4,941 ) $ (6,632 ) $ (4,572 ) Reconciliation of Assets from Segment to Consolidated (In thousands) June 30, 2023 December 31, 2022 Identifiable assets Strong Entertainment $ 39,843 $ 35,392 Corporate assets 39,252 36,361 Total $ 79,095 $ 71,753 Summary by Geographical Area Schedule of Segment Reporting Information by Geographic Area Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2023 2022 2023 2022 Net revenues United States $ 17,072 $ 7,840 $ 25,808 $ 16,623 Canada 108 466 420 873 China - 44 22 279 Mexico 64 7 64 7 Latin America 16 74 273 220 Europe 171 169 566 265 Asia (excluding China) 433 279 586 432 Other 158 264 392 470 Total $ 18,022 $ 9,143 $ 28,131 $ 19,169 Summary of Identifiable Assets by Geographical Area (In thousands) June 30, 2023 December 31, 2022 Identifiable assets United States $ 51,187 $ 51,423 Canada 27,908 20,330 Total $ 79,095 $ 71,753 Net revenues by business segment are to unaffiliated customers. Net revenues by geographical area are based on destination of sales. Identifiable assets by geographical area are based on location of facilities.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and all majority-owned and controlled domestic and foreign subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Unless the context indicates otherwise, references to the “Company” include the Company and its majority-owned and controlled domestic and foreign subsidiaries. The condensed consolidated financial statements included in this report are presented in accordance with the requirements of Form 10-Q and consequently do not include all of the disclosures normally required by accounting principles generally accepted in the United States of America (also referred to as “GAAP”) for annual reporting purposes or those made in the Company’s Annual Report on Form 10-K. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. The condensed consolidated balance sheet as of December 31, 2022, was derived from the Company’s audited consolidated balance sheet as of that date. All other condensed consolidated financial statements contained herein are unaudited and, in the opinion of management, reflect all adjustments of a normal recurring nature necessary to present a fair statement of the financial position and the results of operations and cash flows for the respective interim periods. Certain prior period balances have been reclassified to conform to current period presentation. The results for interim periods are not necessarily indicative of trends or results expected for a full year. Unless otherwise indicated, all references to “dollars” and “$” in this Quarterly Report on Form 10-Q are to, and amounts are presented in, U.S. dollars.
Use of Management Estimates	Use of Management Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results and changes in facts and circumstances may alter such estimates and affect results of operations and financial position in future periods. The coronavirus pandemic (“COVID-19”) had an unprecedented impact to consumer behaviors and our customers, particularly our customers’ ability and willingness to purchase our products and services. The Company believes that consumer reticence to engage in outside-the-home activities, caused by the risk of contracting COVID-19, has abated, and our customers have resumed more typical, pre-COVID-19 purchasing behaviors. And while we believe our customers made significant progress in its recovery from the pandemic, the impact of COVID-19 on inflation and supply chains and the continued economic recovery will be contingent upon several key factors, including the volume of new film content available, the box office performance of new film content released, the duration of the exclusive theatrical release window, and evolving consumer behavior with competition from other forms of in- and out-of-home entertainment. There can be no assurances that there will be no additional public health crises, including further resurgence or variants of COVID-19, which could reverse the current trend and have a negative impact on the Company’s results of operations.
Cash and Cash Equivalents	Cash and Cash Equivalents All short-term, highly liquid financial instruments are classified as cash equivalents in the condensed consolidated balance sheets and statements of cash flows. Generally, these instruments have maturities of three months or less from date of purchase. As of June 30, 2023, $ 2.5 5.0
Accounts Receivable	Accounts Receivable Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The Company determines the allowance for credit losses based on several factors, including overall customer credit quality, historical write-off experience and a specific analysis that projects the ultimate collectability of the account. As such, these factors may change over time causing the allowance level and bad debt expense to be adjusted accordingly. Past due accounts are written off when our efforts have been unsuccessful in collecting amounts due.
Equity Holdings	Equity Holdings The Company accounts for its equity holdings using the equity method, at cost, or at fair value depending on the facts and circumstances related to each individual holding. The Company applies the equity method of accounting to its holdings when it has significant influence, but not controlling interest, in the entity. Judgment regarding the level of influence over each equity method holding includes considering key factors such as ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions. The Company’s proportionate share of the net income or loss resulting from these equity holdings is reported under the line item captioned “equity method holding loss” in our condensed consolidated statements of operations. The Company’s equity method holding is reported at cost and adjusted each period for the Company’s share of the entity’s income or loss and dividends paid, if any. The Company’s share of the entity’s income or loss is recorded on a one-quarter lag for all equity method holdings. The Company classifies distributions received from equity method holdings using the cumulative earnings approach on the condensed consolidated statements of cash flows. Changes in fair value of holdings in marketable equity securities of unconsolidated entities in which the Company is not able to exercise significant influence (“Fair Value Holdings”) are recognized on the consolidated statement of operations. Nonmarketable equity holdings in unconsolidated entities in which the Company is not able to exercise significant influence (“Cost Method Holdings”) are accounted for at the Company’s initial cost, minus any impairment (if any), plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar holding or security of the same issuer. Dividends on Fair Value Holdings and Cost Method Holdings received are recorded as income. The Company assesses its equity holdings for impairment whenever events or changes in circumstances indicate that the carrying value of an equity holding may not be recoverable. Management reviewed the underlying net assets of the Company’s equity method holding as of June 30, 2023, and determined that the Company’s proportionate economic interest in the entity indicates that the equity holding was not impaired. There were no observable price changes in orderly transactions for an identical or similar holding or security of the Company’s Cost Method Holding during the three or six months ended June 30, 2023. The carrying value of our equity method, Fair Value Holdings and Cost Method Holdings is reported as “equity holdings” on the condensed consolidated balance sheets. Note 7 contains additional information on our equity method, Fair Value Holdings and Cost Method Holdings.
Film and Television Programming Rights	Film and Television Programming Rights Commencing in March 2022, the Company began producing original productions and acquiring rights to films and television programming. Film and television programming rights include the unamortized costs of in-process or in-development content produced or acquired by the Company. The Company’s capitalized costs include all direct production and financing costs, capitalized interest when applicable, and production overhead. Where available, the Company utilizes certain governmental incentives, programs and other structures from states and foreign countries (e.g., refundable tax credits calculated based on the amount of money spent in the particular jurisdiction in connection with the production) to fund its film and television productions and reduce financial risk. Film and television program rights are stated at the lower of amortized cost or estimated fair value. The costs of producing content are amortized using the individual-film-forecast method. These costs are amortized based on the ratio of the current period’s revenues to management’s estimated remaining total gross revenues to be earned (“Ultimate Revenue”) as of each reporting date to reflect the most current available information. Participation costs represent contingent consideration payable based on the performance of the film or television program to parties associated with the film or television program, including producers, writers, directors or actors and estimated liabilities for participations are accrued based on the ratio of the current period’s revenues to management’s estimated remaining total gross revenues to be earned. Management’s judgment is required in estimating Ultimate Revenue and the costs to be incurred throughout the life of each film or television program. Amortization is adjusted when necessary to reflect increases or decreases in forecasted Ultimate Revenues. For an episodic television series, the period over which Ultimate Revenues are estimated cannot exceed ten years following the date of delivery of the first episode, or, if still in production, five years from the date of delivery of the most recent episode, if later. For films, Ultimate Revenue includes estimates over a period not to exceed ten years following the date of initial release. Content assets are expected to be predominantly monetized individually and therefore are reviewed at the individual level when an event or change in circumstance indicates a change in the expected usefulness of the content or the fair value may be less than the unamortized cost. Due to the inherent uncertainties involved in making such estimates of Ultimate Revenues and expenses, these estimates may materially differ from actual results. In addition, in the normal course of our business, some films and titles will be more successful or less successful than anticipated. Management regularly reviews and revises, when necessary, its Ultimate Revenue and cost estimates, which may result in a change in the rate of amortization of film costs and participations and residuals and/or a write-down of all or a portion of the unamortized costs of the film or television program to its estimated fair value. An increase in the estimate of Ultimate Revenue will generally result in a lower amortization rate and, therefore, less film and television program amortization expense, while a decrease in the estimate of Ultimate Revenue will generally result in a higher amortization rate and, therefore, higher film and television program amortization expense, and also periodically result in an impairment requiring a write-down of the film cost to the title’s fair value. The Company has not incurred any of these write-downs. An impairment charge would be recorded in the amount by which the unamortized costs exceed the estimated fair value. Estimates of future revenue involve measurement uncertainties and it is therefore possible that reductions in the carrying value of capitalized costs may be required because of changes in management’s future revenue estimates.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Assets and liabilities measured at fair value are categorized into a fair value hierarchy based upon the observability of inputs to the valuation of an asset or liability as of the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. The categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories: ● Level 1 – inputs to the valuation techniques are quoted prices in active markets for identical assets or liabilities ● Level 2 – inputs to the valuation techniques are other than quoted prices but are observable for the assets or liabilities, either directly or indirectly ● Level 3 – inputs to the valuation techniques are unobservable for the assets or liabilities The following tables present the Company’s financial assets measured at fair value based upon the level within the fair value hierarchy in which the fair value measurements are classified, as of June 30, 2023 and December 31, 2022. Fair values measured on a recurring basis at June 30, 2023 (in thousands): Schedule of Fair Value Measured Financial Assets and Liabilities Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 4,966 $ - $ - $ 4,966 Fair value method equity holding 12,205 - - 12,205 Total $ 17,171 $ - $ - $ 17,171 Fair values measured on a recurring basis at December 31, 2022 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 3,789 $ - $ - $ 3,789 Fair value method equity holding 16,792 - - 16,792 Total $ 20,581 $ - $ - $ 20,581 The carrying values of all other financial assets and liabilities, including accounts receivable, accounts payable, accrued expenses and short-term debt reported in the consolidated balance sheets equal or approximate their fair values due to the short-term nature of these instruments. Based on a combination of the cash on hand as well as quoted market prices of the securities held by FGF Holdings (as defined below), the liquidation value of the Company’s equity method holding was $ 5.1
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU requires the measurement of all expected credit losses for financial assets, including trade receivables, held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The Company adopted this ASU effective January 1, 2023. Upon adoption the Company recorded a cumulative effect adjustment decreasing retained earnings by $ 24

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Schedule of Fair Value Measured Financial Assets and Liabilities	Fair values measured on a recurring basis at June 30, 2023 (in thousands): Schedule of Fair Value Measured Financial Assets and Liabilities Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 4,966 $ - $ - $ 4,966 Fair value method equity holding 12,205 - - 12,205 Total $ 17,171 $ - $ - $ 17,171 Fair values measured on a recurring basis at December 31, 2022 (in thousands): Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 3,789 $ - $ - $ 3,789 Fair value method equity holding 16,792 - - 16,792 Total $ 20,581 $ - $ - $ 20,581

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2023
Schedule of Disaggregation of Revenue	The following tables disaggregate the Company’s revenue by major source and by operating segment for the three and six months ended June 30, 2023 and 2022 (in thousands): Schedule of Disaggregation of Revenue Strong Entertainment Other Total Strong Entertainment Other Total Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Screen system sales $ 4,046 $ - $ 4,046 $ 3,251 $ - $ 3,251 Digital equipment sales 3,537 - 3,537 2,673 - 2,673 Extended warranty sales 49 - 49 84 - 84 Other product sales 779 - 779 675 - 675 Total product sales 8,411 - 8,411 6,683 - 6,683 Field maintenance and monitoring services 1,912 - 1,912 1,649 - 1,649 Installation services 1,038 - 1,038 469 - 469 Strong Studios services 6,379 - 6,379 - - - Other service revenues 99 183 282 21 321 342 Total service revenues 9,428 183 9,611 2,139 321 2,460 Total $ 17,839 $ 183 $ 18,022 $ 8,822 $ 321 $ 9,143 Strong Entertainment Other Total Strong Entertainment Other Total Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Screen system sales $ 7,003 $ - $ 7,003 $ 6,743 $ - $ 6,743 Digital equipment sales 7,063 - 7,063 6,216 - 6,216 Extended warranty sales 100 - 100 184 - 184 Other product sales 1,449 - 1,449 1,243 - 1,243 Total product sales 15,615 - 15,615 14,386 - 14,386 Field maintenance and monitoring services 3,803 - 3,803 3,267 - 3,267 Installation services 1,840 - 1,840 841 - 841 Strong Studios services 6,379 - 6,379 - - - Other service revenues 153 341 494 49 626 675 Total service revenues 12,175 341 12,516 4,157 626 4,783 Total $ 27,790 $ 341 $ 28,131 $ 18,543 $ 626 $ 19,169
Timing Of Transfer [Member]
Schedule of Disaggregation of Revenue	The following tables disaggregate the Company’s revenue by the timing of transfer of goods or services to the customer for the three and six months ended June 30, 2023 and 2022 (in thousands): Schedule of Disaggregation of Revenue Strong Entertainment Other Total Strong Entertainment Other Total Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Point in time $ 16,312 $ 34 $ 16,346 $ 7,532 $ 14 $ 7,546 Over time 1,527 149 1,676 1,290 307 1,597 Total $ 17,839 $ 183 $ 18,022 $ 8,822 $ 321 $ 9,143 Strong Entertainment Other Total Strong Entertainment Other Total Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Point in time $ 24,742 $ 48 $ 24,790 $ 15,974 $ 17 $ 15,991 Over time 3,048 293 3,341 2,569 609 3,178 Total $ 27,790 $ 341 $ 28,131 $ 18,543 $ 626 $ 19,169

Net Loss Per Common Share (Tabl

Net Loss Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Net(Loss) Income Per Share	Schedule of Net(Loss) Income Per Share 2023 2022 2023 2022 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Weighted average shares outstanding: Basic weighted average shares outstanding 19,470 19,273 19,293 19,133 Dilutive effect of stock options and certain non-vested restricted stock units - - - - Diluted weighted average shares outstanding 19,470 19,273 19,293 19,133 Anti-dilutive employee stock-based awards excluded 370 197 436 179

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consisted of the following (in thousands): Schedule of Inventories June 30, 2023 December 31, 2022 Raw materials and components $ 1,984 $ 1,826 Work in process 312 279 Finished goods 829 1,284 Total $ 3,125 $ 3,389
Schedule of Inventory Reserve	Schedule of Inventory Reserve Inventory reserve balance at December 31, 2022 $ 486 Inventory write-offs during 2023 (16 ) Provision for inventory reserve during 2023 29 Inventory reserve balance at June 30, 2023 $ 499

Other Current Assets (Tables)

Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Current Assets	Other current assets consisted of the following as of June 30, 2023 and December 31, 2022 (in thousands): Schedule of Other Current Assets June 30, 2023 December 31, 2022 Prepaid expenses $ 1,346 $ 553 Receivable from Safehaven 2022, Inc. - 1,625 Costs incurred in connection with Strong Global Entertainment initial public offering - 1,920 Unbilled accounts receivable 541 337 Production tax rebate receivable 3,476 - Receivable from Ravenwood Productions LLC 6,379 - Other 267 436 Total $ 12,009 $ 4,871

Equity Holdings (Tables)

Equity Holdings (Tables)	6 Months Ended
	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Summary of Investments	The following summarizes our equity holdings (dollars in thousands): Summary of Investments June 30, 2023 December 31, 2022 Carrying Amount Economic Interest Carrying Amount Economic Interest Equity Method Holding FG Financial Holdings, LLC $ 5,137 45.4 % $ 7,832 47.2 % Fair Value Method Holding GreenFirst Forest Products Inc. 12,205 8.3 % 16,792 8.4 % Cost Method Holding Firefly Systems, Inc. 12,898 12,898 Total Investments $ 30,240 $ 37,522

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment, net consisted of the following as of June 30, 2023 and December 31, 2022 (in thousands): Schedule of Property, Plant and Equipment June 30, 2023 December 31, 2022 Land $ 2,342 $ 2,341 Buildings and improvements 9,463 12,756 Machinery and other equipment 4,976 4,786 Office furniture and fixtures 873 860 Construction in progress 238 11 Total properties, cost 17,892 20,754 Less: accumulated depreciation (5,306 ) (8,105 ) Property, plant and equipment, net $ 12,586 $ 12,649

Film and Television Programmi_2

Film and Television Programming Rights, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Development Assets Acquired	Schedule of Development Assets Acquired June 30, 2023 December 31, 2022 Television series in development $ 9,449 $ 1,308 Films in development 222 193 Total film and programming rights 9,671 1,501 Accumulated amortization (1,980 ) - Total film and programming rights, net $ 7,691 $ 1,501
Schedule of Film and Television Programming Rights	A rollforward of film and television programming rights, net for the six months ended June 30, 2023, is as follows (in thousands): Schedule of Film and Television Programming Rights Balance at December 31, 2022 $ 1,501 Expenditures on in-process projects 86 Acquisition of distribution rights 8,188 Amortization of film and programming rights (1,980 ) Adjustment to fair value of warrant issued to Landmark (104 ) Balance at June 30, 2023 $ 7,691
Schedule of Balance Sheets	Schedule of Balance Sheets Cash $ 164 Television programming rights 8,142 Other assets 3,505 Total assets $ 11,811 Accounts payable and accrued expenses $ 250 Due to Strong Studios 1,710 Debt 9,851 Equity - Total liabilities and equity $ 11,811

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes in Carrying Amount of Goodwill	The following represents a summary of changes in the Company’s carrying amount of goodwill for the six months ended June 30, 2023 (in thousands): Summary of Changes in Carrying Amount of Goodwill Balance as of December 31, 2022 $ 882 Foreign currency translation adjustment 20 Balance as of June 30, 2023 $ 902

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
Schedule of Accrued Expense	The Company’s accrued expense consisted of the following as of June 30, 2023 and December 31, 2022 (in thousands): Schedule of Accrued Expense June 30, 2023 December 31, 2022 Employee-related $ 2,169 $ 1,428 Warranty obligation 321 309 Interest and taxes 309 671 Legal and professional fees 279 725 Accrued participation costs 3,473 - Film and television programming rights 650 1,709 Other 320 325 Total $ 7,521 $ 5,167

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Short term and Long term Debt	The Company’s short-term debt and long-term debt consisted of the following as of June 30, 2023 and December 31, 2022 (in thousands): Schedule of Short term and Long term Debt June 30, 2023 December 31, 2022 Short-term debt: Strong/MDI 20 $ 2,283 $ 2,289 Strong/MDI 5 - 221 Strong/MDI revolving credit facility 2,237 - Safehaven production debt 9,851 - Insurance note payable 586 - Total short-term debt 14,957 2,510 Less: deferred debt issuance costs, net (30 ) - Total short-term debt, net of issuance costs $ 14,927 $ 2,510 Long-term debt: Tenant improvement loan $ 144 $ 162 Digital Ignition building loan 5,015 5,105 Total long-term debt $ 5,159 $ 5,267 Less: current portion (220 ) (216 ) Less: deferred debt issuance costs, net (41 ) (47 ) Long-term debt, net of current portion and deferred debt issuance costs, net $ 4,898 $ 5,004
Schedule of Contractual Principal Payments of Long-term Debt	Contractual required principal payments on the Company’s long-term debt at June 30, 2023, are as follows (in thousands): Schedule of Contractual Principal Payments of Long-term Debt Tenant Improvement Loan Digital Ignitiion Building Loan Total Remainder of 2023 $ 18 90 $ 108 2024 37 187 224 2025 40 195 235 2026 42 203 245 2027 7 4,340 4,347 Thereafter - - - Total $ 144 $ 5,015 $ 5,159

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of Lease Costs and Other Lease Information	The following tables present the Company’s lease costs and other lease information (dollars in thousands): Schedule of Lease Costs and Other Lease Information June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Lease cost Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Finance lease cost: Amortization of right-of-use assets $ 37 $ 2 $ 70 $ 2 Interest on lease liabilities 15 1 27 1 Operating lease cost 39 46 73 150 Short-term lease cost 14 14 31 28 Sublease income - - - (32 ) Net lease cost $ 105 $ 63 $ 201 $ 149 June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Other information Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 15 $ 1 $ 27 $ 1 Operating cash flows from operating leases $ 33 $ 49 $ 65 $ 141 Financing cash flows from finance leases $ 38 $ 2 $ 66 $ 2 Right-of-use assets obtained in exchange for new finance lease liabilities $ 310 $ 68 $ 310 $ 68 Right-of-use assets obtained in exchange for new operating lease liabilities $ - $ - $ - $ - As of June 30, 2022 Weighted-average remaining lease term - finance leases (years) 1.5 Weighted-average remaining lease term - operating leases (years) 3.2 Weighted-average discount rate - finance leases 4.8 % Weighted-average discount rate - operating leases 3.8 %
Schedule of Future Minimum Lease Payments	The following table presents a maturity analysis of the Company’s operating and finance lease liabilities as of June 30, 2023 (in thousands): Schedule of Future Minimum Lease Payments Operating Leases Finance Leases Remainder of 2023 $ 66 $ 124 2024 101 249 2025 79 496 2026 81 188 2027 14 5 Thereafter - - Total lease payments 341 1,062 Less: Amount representing interest (25 ) (151 ) Present value of lease payments 316 911 Less: Current maturities (116 ) (179 ) Lease obligations, net of current portion $ 200 $ 732

Stock Compensation (Tables)

Stock Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Fair Value Valuation Model	Schedule of Fair Value Valuation Model Expected dividend yield at date of grant 0.00 % Risk-free interest rate 3.52 % Expected stock price volatility 68.2 % Expected life of options (in years) 5.0
Summary of Stock Option Activities	The following table summarizes stock option activity for the six months ended June 30, 2023: Summary of Stock Option Activities Number of Options Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (in thousands) Outstanding at December 31, 2022 639,500 $ 3.72 5.6 $ 127 Granted 107,500 $ 1.96 Exercised - Forfeited (5,000 ) $ 1.96 Expired - Outstanding at June 30, 2023 742,000 $ 3.21 4.4 $ 35 Exercisable at June 30, 2023 530,500 $ 4.06 4.7 $ 14
Summary of Restricted Stock Activity	The Company estimates the fair value of restricted stock awards based upon the closing price of the underlying common stock on the date of grant. The following table summarizes restricted stock unit activity for the six months ended June 30, 2023: Summary of Restricted Stock Activity Number of Restricted Stock Units Weighted Average Grant Date Fair Value Non-vested at December 31, 2022 206,934 $ 2.06 Granted 390,000 $ 1.96 Shares vested - Shares forfeited - Non-vested at June 30, 2023 596,934 $ 2.06

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information by Segment	Summary by Business Segments Schedule of Segment Reporting Information by Segment 2023 2022 2023 2022 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in thousands) (in thousands) Net revenues Strong Entertainment $ 17,839 $ 8,822 $ 27,790 $ 18,543 Other 183 321 341 626 Total net revenues 18,022 9,143 28,131 19,169 Gross profit Strong Entertainment 7,264 2,098 9,585 4,304 Other 183 322 340 628 Total gross profit 7,447 2,420 9,925 4,932 Operating income (loss) Strong Entertainment 349 180 924 790 Other (122 ) (36 ) (291 ) (170 ) Total segment operating income 227 144 633 620 Unallocated administrative expenses (995 ) (1,029 ) (2,180 ) (2,267 ) Loss from operations (768 ) (885 ) (1,547 ) (1,647 ) Other expense, net (2,225 ) (4,056 ) (5,085 ) (2,925 ) Loss before income taxes and equity method holding loss $ (2,993 ) $ (4,941 ) $ (6,632 ) $ (4,572 )
Reconciliation of Assets from Segment to Consolidated	Reconciliation of Assets from Segment to Consolidated (In thousands) June 30, 2023 December 31, 2022 Identifiable assets Strong Entertainment $ 39,843 $ 35,392 Corporate assets 39,252 36,361 Total $ 79,095 $ 71,753
Schedule of Segment Reporting Information by Geographic Area	Summary by Geographical Area Schedule of Segment Reporting Information by Geographic Area Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2023 2022 2023 2022 Net revenues United States $ 17,072 $ 7,840 $ 25,808 $ 16,623 Canada 108 466 420 873 China - 44 22 279 Mexico 64 7 64 7 Latin America 16 74 273 220 Europe 171 169 566 265 Asia (excluding China) 433 279 586 432 Other 158 264 392 470 Total $ 18,022 $ 9,143 $ 28,131 $ 19,169
Summary of Identifiable Assets by Geographical Area	Summary of Identifiable Assets by Geographical Area (In thousands) June 30, 2023 December 31, 2022 Identifiable assets United States $ 51,187 $ 51,423 Canada 27,908 20,330 Total $ 79,095 $ 71,753

Schedule of Fair Value Measured

Schedule of Fair Value Measured Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Platform Operator, Crypto-Asset [Line Items]
Cash and cash equivalents	$ 4,966	$ 3,789
Fair value method equity holding	12,205	16,792
Total	17,171	20,581
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto-Asset [Line Items]
Cash and cash equivalents	4,966	3,789
Fair value method equity holding	12,205	16,792
Total	17,171	20,581
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto-Asset [Line Items]
Cash and cash equivalents
Fair value method equity holding
Total
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto-Asset [Line Items]
Cash and cash equivalents
Fair value method equity holding
Total

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) $ in Thousands	Jun. 30, 2023 USD ($)
Accounting Policies [Abstract]
Cash	$ 2,500
Cash equivalents	5,000
Quoted fair value of company's ownership	5,100
Cumulative effect adjustment	$ 24

Schedule of Disaggregation of R

Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Total	$ 18,022	$ 9,143	$ 28,131	$ 19,169
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total	16,346	7,546	24,790	15,991
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total	1,676	1,597	3,341	3,178
Product [Member]
Disaggregation of Revenue [Line Items]
Total	8,411	6,683	15,615	14,386
Product [Member] | Screen System Sales [Member]
Disaggregation of Revenue [Line Items]
Total	4,046	3,251	7,003	6,743
Product [Member] | Digital Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Total	3,537	2,673	7,063	6,216
Product [Member] | Extended Warranty Sales [Member]
Disaggregation of Revenue [Line Items]
Total	49	84	100	184
Product [Member] | Other Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total	779	675	1,449	1,243
Service [Member]
Disaggregation of Revenue [Line Items]
Total	9,611	2,460	12,516	4,783
Service [Member] | Field Maintenance And Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Total	1,912	1,649	3,803	3,267
Service [Member] | Installation Services [Member]
Disaggregation of Revenue [Line Items]
Total	1,038	469	1,840	841
Service [Member] | Strong Studios Services [Member]
Disaggregation of Revenue [Line Items]
Total	6,379		6,379
Service [Member] | Other Service [Member]
Disaggregation of Revenue [Line Items]
Total	282	342	494	675
Strong Entertainment [Member]
Disaggregation of Revenue [Line Items]
Total	17,839	8,822	27,790	18,543
Strong Entertainment [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total	16,312	7,532	24,742	15,974
Strong Entertainment [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total	1,527	1,290	3,048	2,569
Strong Entertainment [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total	8,411	6,683	15,615	14,386
Strong Entertainment [Member] | Product [Member] | Screen System Sales [Member]
Disaggregation of Revenue [Line Items]
Total	4,046	3,251	7,003	6,743
Strong Entertainment [Member] | Product [Member] | Digital Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Total	3,537	2,673	7,063	6,216
Strong Entertainment [Member] | Product [Member] | Extended Warranty Sales [Member]
Disaggregation of Revenue [Line Items]
Total	49	84	100	184
Strong Entertainment [Member] | Product [Member] | Other Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total	779	675	1,449	1,243
Strong Entertainment [Member] | Service [Member]
Disaggregation of Revenue [Line Items]
Total	9,428	2,139	12,175	4,157
Strong Entertainment [Member] | Service [Member] | Field Maintenance And Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Total	1,912	1,649	3,803	3,267
Strong Entertainment [Member] | Service [Member] | Installation Services [Member]
Disaggregation of Revenue [Line Items]
Total	1,038	469	1,840	841
Strong Entertainment [Member] | Service [Member] | Strong Studios Services [Member]
Disaggregation of Revenue [Line Items]
Total	6,379		6,379
Strong Entertainment [Member] | Service [Member] | Other Service [Member]
Disaggregation of Revenue [Line Items]
Total	99	21	153	49
Other Segments [Member]
Disaggregation of Revenue [Line Items]
Total	183	321	341	626
Other Segments [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total	34	14	48	17
Other Segments [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total	149	307	293	609
Other Segments [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total
Other Segments [Member] | Product [Member] | Screen System Sales [Member]
Disaggregation of Revenue [Line Items]
Total
Other Segments [Member] | Product [Member] | Digital Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Total
Other Segments [Member] | Product [Member] | Extended Warranty Sales [Member]
Disaggregation of Revenue [Line Items]
Total
Other Segments [Member] | Product [Member] | Other Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total
Other Segments [Member] | Service [Member]
Disaggregation of Revenue [Line Items]
Total	183	321	341	626
Other Segments [Member] | Service [Member] | Field Maintenance And Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Total
Other Segments [Member] | Service [Member] | Installation Services [Member]
Disaggregation of Revenue [Line Items]
Total
Other Segments [Member] | Service [Member] | Strong Studios Services [Member]
Disaggregation of Revenue [Line Items]
Total
Other Segments [Member] | Service [Member] | Other Service [Member]
Disaggregation of Revenue [Line Items]
Total	$ 183	$ 321	$ 341	$ 626

Revenue (Details Narrative)

Revenue (Details Narrative) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Revenue	$ 0.4
During 2023 [Member]
Unearned revenue	$ 0.4
Minimum [Member]
Amortized contract term	1 year
Maximum [Member]
Amortized contract term	5 years

Schedule of Net(Loss) Income Pe

Schedule of Net(Loss) Income Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Basic weighted average shares outstanding	19,470	19,273	19,293	19,133
Dilutive effect of stock options and certain non-vested restricted stock units
Diluted weighted average shares outstanding	19,470	19,273	19,293	19,133
Anti-dilutive employee stock-based awards excluded	370	197	436	179

Net Loss Per Common Share (Deta

Net Loss Per Common Share (Details Narrative) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	370,000	197,000	436,000	179,000
Options to Purchase Shares of Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			742,000	349,500

Schedule of Inventories (Detail

Schedule of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials and components	$ 1,984	$ 1,826
Work in process	312	279
Finished goods	829	1,284
Total	$ 3,125	$ 3,389

Schedule of Inventory Reserve (

Schedule of Inventory Reserve (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventory reserve balance at December 31, 2022	$ 486
Inventory write-offs during 2023	(16)
Provision for inventory reserve during 2023	29	$ 6
Inventory reserve balance at June 30, 2023	$ 499

Inventories (Details Narrative)

Inventories (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventory valuation reserves	$ 499	$ 486

Schedule of Other Current Asset

Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses	$ 1,346	$ 553
Receivable from Safehaven 2022, Inc.		1,625
Costs incurred in connection with Strong Global Entertainment initial public offering		1,920
Unbilled accounts receivable	541	337
Production tax rebate receivable	3,476
Receivable from Ravenwood Productions LLC	6,379
Other	267	436
Total	$ 12,009	$ 4,871

Summary of Investments (Details

Summary of Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Equity holdings	$ 30,240	$ 37,522
FG Financial Holdings, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments carrying amount	$ 5,137	$ 7,832
Equity method ownership percentage	45.40%	47.20%
GreenFirst Forest Products Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Equity method ownership percentage	8.30%	8.40%
Investment owned, at fair value	$ 12,205	$ 16,792
Firefly Systems Inc [Member]
Schedule of Equity Method Investments [Line Items]
Equity securities, FV-NI, current	$ 12,898	$ 12,898

Equity Holdings (Details Narrat

Equity Holdings (Details Narrative) - USD ($) shares in Thousands, $ in Thousands		1 Months Ended			3 Months Ended		6 Months Ended
	Sep. 12, 2022	Apr. 30, 2021	Aug. 31, 2020	May 31, 2019	Jun. 30, 2023	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Fair value method holding					$ 12,205		$ 12,205		$ 16,792
Loss on equity holdings							(2,694)	$ (1,780)
GreenFirst Forest Products Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Business acquisition of acquired entity description		The Company’s Chairman, Mr. Cerminara, served as a member of the board of directors of GreenFirst from June 2016 to October 2021, and was also appointed Chairman of GreenFirst from June 2018 to June 2021. Prior to the closing of the GreenFirst Acquisition, the Company held a 20.7% ownership position in GreenFirst. The Company’s 20.7% ownership of GreenFirst, combined with Mr. Cerminara’s board seat, provided the Company with significant influence over GreenFirst, but not a controlling interest. Accordingly, the Company applied the equity method of accounting to its equity holding in GreenFirst. Following the GreenFirst Acquisition and GreenFirst’s issuance of additional common shares, the Company’s ownership percentage decreased to 8.6%.
Loss on equity holdings							4,500	$ 2,500
Fair value of investment					12,200		$ 12,200
Firefly Systems Inc [Member] | Series B-1 Preferred Stock [Member]
Schedule of Equity Method Investments [Line Items]
Business acquisition, equity interest issued shares				1,100
Firefly Systems Inc [Member] | Serie B-2 Preferred Stock [Member]
Schedule of Equity Method Investments [Line Items]
Business acquisition, equity interest issued shares			600
Firefly Systems Inc [Member] | Serie B-2 Preferred Stock [Member] | Stock Purchase Agreement [Member]
Schedule of Equity Method Investments [Line Items]
Business acquisition, equity interest issued shares			700
Common Stock [Member]
Schedule of Equity Method Investments [Line Items]
Number of common stock issued						761
FG Financial Holdings, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Common stock voting rights description							In consideration of its contribution to FGF Holdings, the Company was issued Series B Common Interests of FGF Holdings and 50% of the voting power over FGF Holdings. The members of FGF Holdings agreed that the powers of FGF Holdings shall be exercised by, or under the authority of, its managers. FGF Holdings has two managers, one of which was appointed by the Company. The Company designated its Chairman, D. Kyle Cerminara, to serve as a manager of FGF Holdings. The managers of FGF Holdings, acting unanimously, have the right, power and authority on behalf of FGF Holdings and in its name to execute documents or other instruments and exercise all of the rights, power and authority of FGF Holdings. Allocations of profits and losses and distributions of cash are made in accordance with the terms of the FGF Holdings operating agreement.
Fair value method holding					5,100		$ 5,100
Gain loss on equity holdings					$ 2,000		$ 2,700
FG Financial Holdings, LLC [Member] | Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Combined equity ownership percentage					50%		50%
FG Financial Holdings, LLC [Member] | IPO [Member] | Common Stock [Member]
Schedule of Equity Method Investments [Line Items]
Number of common stock issued	2,900

Schedule of Property, Plant and

Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total properties, cost	$ 17,892	$ 20,754
Less: accumulated depreciation	(5,306)	(8,105)
Property, plant and equipment, net	12,586	12,649
Land [Member]
Property, Plant and Equipment [Line Items]
Total properties, cost	2,342	2,341
Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Total properties, cost	9,463	12,756
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total properties, cost	4,976	4,786
Office Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total properties, cost	873	860
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Total properties, cost	$ 238	$ 11

Schedule of Development Assets

Schedule of Development Assets Acquired (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Business Combination, Separately Recognized Transactions [Line Items]
Television series in development	$ 7,691	$ 1,501
Films in development	222	193
Total film and programming rights	9,671	1,501
Accumulated amortization	(1,980)
Total film and programming rights, net	7,691	1,501
Television Series In Development [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Television series in development	$ 9,449	$ 1,308

Schedule of Film and Television

Schedule of Film and Television Programming Rights (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Business Combination and Asset Acquisition [Abstract]
Beginning balance	$ 1,501
Expenditures on in-process projects	86
Acquisition of distribution rights	8,188
Amortization of film and programming rights	(1,980)
Adjustment to fair value of warrant issued to Landmark	(104)
Ending balance	$ 7,691

Schedule of Balance Sheets (Det

Schedule of Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Cash	$ 2,500
Television programming rights	7,691	$ 1,501
Total assets	79,095	71,753
Debt	5,159
Equity	39,070	46,698
Total liabilities and stockholders’ equity	79,095	$ 71,753
Safehaven 2022 [Member]
Cash	164
Television programming rights	8,142
Other assets	3,505
Total assets	11,811
Accounts payable and accrued expenses	250
Due to Strong Studios	1,710
Debt	9,851
Equity
Total liabilities and stockholders’ equity	$ 11,811

Film and Television Programmi_3

Film and Television Programming Rights, Net (Details Narrative) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 23, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Gross receipts		$ (198)	$ 2,000
Intellectual property		12,586			$ 12,649
Ravenwood Productions LLC [Member]
Business Acquisition [Line Items]
Proceeds from Bank Debt		$ 6,400
Subsidiary, ownership percentage, parent		75%
Safehaven, Inc [Member]
Business Acquisition [Line Items]
Subsidiary, ownership percentage, parent		25%
Safehaven, Inc [Member]
Business Acquisition [Line Items]
Gross receipts		$ 15,000
Percentage of net proceeds intangible assets		5%
Revenue		$ 6,400
Intellectual property		5,400
Amortization of intangile assets		2,000
Accrued participation costs		$ 3,400
Minimum [Member]
Business Acquisition [Line Items]
Management commission payment percentage		7%
Maximum [Member]
Business Acquisition [Line Items]
Management commission payment percentage		20%
Gross receipts percentage		32.50%
Maximum [Member] | Safehaven, Inc [Member]
Business Acquisition [Line Items]
Gross receipts		$ 400
Flagrant [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 300
Asset Acquisition, Consideration Transferred		2,500
Shadows in Vineyard [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	400
Safehaven, Inc [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	1,000
Asset Acquisition, Consideration Transferred		$ 6,500
Ownership percentage		100%	49%
Safehaven, Inc [Member] | Minimum [Member]
Business Acquisition [Line Items]
Ownership percentage		49%		49%
Safehaven, Inc [Member] | Maximum [Member]
Business Acquisition [Line Items]
Ownership percentage		100%		100%
Unbounded Services, LLC [Member]
Business Acquisition [Line Items]
Ownership percentage			51%
Strong Studios Inc [Member] | Landmark Studio Group LLC [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	1,700
Business Combination, Consideration Transferred	$ 300
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	150,000

Summary of Changes in Carrying

Summary of Changes in Carrying Amount of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, beginning balance	$ 882
Foreign currency translation adjustment	20
Goodwill, ending balance	$ 902

Schedule of Accrued Expense (De

Schedule of Accrued Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Total	$ 7,521	$ 5,167

Schedule of Short term and Long

Schedule of Short term and Long term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Insurance note payable	$ 14,927	$ 2,510
Total short-term debt	14,957	2,510
Less: deferred debt issuance costs, net	(30)
Total short-term debt, net of issuance costs	14,927	2,510
Digital Ignition building loan	5,159
Total long-term debt	5,159	5,267
Less: current portion	(220)	(216)
Less: deferred debt issuance costs, net	(41)	(47)
Long-term debt, net of current portion and deferred debt issuance costs, net	4,898	5,004
Tenant Improvement Loan [Member]
Short-Term Debt [Line Items]
Digital Ignition building loan	144	162
Digital Ignition Building Loan [Member]
Short-Term Debt [Line Items]
Digital Ignition building loan	5,015	5,105
Installment Loan [Member]
Short-Term Debt [Line Items]
Insurance note payable	2,283	2,289
Equipment Loan [Member]
Short-Term Debt [Line Items]
Insurance note payable		221
Revolving Credit Loan [Member]
Short-Term Debt [Line Items]
Insurance note payable	2,237
Safehaven Production Debt [Member]
Short-Term Debt [Line Items]
Insurance note payable	9,851
Insurance Note Payable [Member]
Short-Term Debt [Line Items]
Insurance note payable	$ 586

Schedule of Short term and Lo_2

Schedule of Short term and Long term Debt (Details) (Parenthetical)	1 Months Ended	6 Months Ended	12 Months Ended
	Jan. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Loan term	5 years	20 years
Demand Credit Agreement [Member] | Installment Loan [Member]
Short-Term Debt [Line Items]
Loan term	20 years	20 years	20 years
Demand Credit Agreement [Member] | Equipment Loan [Member]
Short-Term Debt [Line Items]
Loan term		5 years	5 years

Schedule of Contractual Princip

Schedule of Contractual Principal Payments of Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Remainder of 2023	$ 108
2024	224
2025	235
2026	245
2027	4,347
Thereafter
Total	5,159
Tenant Improvement Loan [Member]
Debt Instrument [Line Items]
Remainder of 2023	18
2024	37
2025	40
2026	42
2027	7
Thereafter
Total	144	$ 162
Digital Ignition Building Loan [Member]
Debt Instrument [Line Items]
Remainder of 2023	90
2024	187
2025	195
2026	203
2027	4,340
Thereafter
Total	$ 5,015	$ 5,105

Debt (Details Narrative)

Debt (Details Narrative) $ in Thousands, $ in Millions			1 Months Ended	3 Months Ended			6 Months Ended		12 Months Ended
	Feb. 01, 2022 USD ($)	Sep. 05, 2017 CAD ($)	Jan. 31, 2023 CAD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2023 CAD ($)	May 31, 2023 CAD ($)
Debt Instrument [Line Items]
Debt instrument, term			5 years				20 years
Short-Term Debt				$ 14,927			$ 14,927		$ 2,510
Operating Lease, Cost				39	$ 46		73	$ 150
Lease, Cost				105	63		201	$ 149
Long term debt				$ 5,159			$ 5,159
Installment Loan [Member]
Debt Instrument [Line Items]
Short-Term Debt, Percentage Bearing Variable Interest Rate				7.20%			7.20%			7.20%
20-year Installment Loan [Member]
Debt Instrument [Line Items]
Short-Term Debt				$ 2,300			$ 2,300			$ 3.1
Tenant Improvement Loan [Member]
Debt Instrument [Line Items]
Operating Lease, Cost					200	$ 200
[custom:BuildoutInterestRate-0]				7.95%		50%	7.95%			7.95%
Lease, Cost						$ 400
Costs and Expenses, Related Party					$ 100	$ 100
Digital Ignition Building Loan [Member]
Debt Instrument [Line Items]
Long term debt	$ 5,300
Debt instrument description	The terms of the Note include (i) a fixed interest rate of 4%, (ii) maturity date of February 1, 2027, (iii) monthly payments of approximately $32 thousand beginning on March 1, 2022, and continuing on the first of each month until the maturity date or until the Note has been paid in full, (iv) a default interest of 8% in the event of a default pursuant to the terms of the Note, and (v) prepayment penalties of (a) 3% of all excess payments during the first two years of the term of the Note, (b) 2% of all excess payments during the third and fourth years of the term of the Note, and (c) 1% of all excess payments made during the fifth year of the term of the Note.
Fixed interest rate	4%
Monthly periodic payment	$ 32
Insurance Debt [Member]
Debt Instrument [Line Items]
Fixed interest rate	9%
Demand Credit Agreement [Member] | Prime Rate [Member]
Debt Instrument [Line Items]
Debt instrument basis spread on variable rate		0.50%	1%
Demand Credit Agreement [Member] | Installment Loan [Member]
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity			$ 3.1
Debt instrument, term			20 years				20 years		20 years
Demand Credit Agreement [Member] | Installment Loan [Member] | Prime Rate [Member]
Debt Instrument [Line Items]
Debt instrument basis spread on variable rate			0.50%
Demand Credit Agreement [Member] | Installment Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity		$ 6
Debt instrument, term		20 years
Demand Credit Agreement [Member] | Installment Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity		$ 0.5
Debt instrument, term		5 years
2021 Credit Agreement [Member]
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity		$ 2
Description on effective equity		The 2021 Credit Agreement required Strong/MDI to maintain a ratio of liabilities to “effective equity” (tangible stockholders’ equity, less amounts receivable from affiliates and equity method holdings) not exceeding 2.5 to 1, a current ratio (excluding amounts due from related parties) of at least 1.3 to 1 and minimum “effective equity” of CAD$4.0 million.
Minimum effective equity		$ 4
2021 Credit Agreement [Member] | Installment Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity		$ 5.1
Debt instrument, term		20 years
2021 Credit Agreement [Member] | Installment Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity		$ 0.5
Debt instrument, term		5 years
Loan and Security Agreement [Member] | Safehaven, Inc [Member]
Debt Instrument [Line Items]
Production costs incurred				$ 9,900			$ 9,900
Loan and Security Agreement [Member] | Ravenhood [Member]
Debt Instrument [Line Items]
Production costs incurred				$ 6,400			6,400
Line of Credit [Member]
Debt Instrument [Line Items]
Operating Lease, Cost							$ 2,200
Line of Credit [Member] | Demand Credit Agreement [Member]
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity		$ 3.5	$ 5							$ 3	$ 3.4

Schedule of Lease Costs and Oth

Schedule of Lease Costs and Other Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Amortization of right-of-use assets	$ 37	$ 2	$ 70	$ 2
Interest on lease liabilities	15	1	27	1
Operating lease cost	39	46	73	150
Short-term lease cost	14	14	31	28
Sublease income				(32)
Net lease cost	105	63	201	149
Operating cash flows from finance leases	15	1	27	1
Operating cash flows from operating leases	33	49	65	141
Financing cash flows from finance leases	38	2	66	2
Right-of-use assets obtained in exchange for new finance lease liabilities	310	68	310	68
Right-of-use assets obtained in exchange for new operating lease liabilities
Weighted-average remaining lease term - finance leases (years)		1 year 6 months		1 year 6 months
Weighted-average remaining lease term - operating leases (years)		3 years 2 months 12 days		3 years 2 months 12 days
Weighted-average discount rate finance leases		4.80%		4.80%
Weighted-average discount rate operating leases		3.80%		3.80%

Schedule of Future Minimum Leas

Schedule of Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease Remainder of 2022	$ 66
Finance lease Remainder of 2022	124
Operating lease Remainder of 2022	101
Finance lease Remainder of 2022	249
Operating lease 2023	79
Finance lease 2023	496
Operating lease 2024	81
Finance lease 2025	188
Operating lease 2026	14
Finance lease 2025	5
Operating lease Thereafter
Finance lease Thereafter
Operating lease ,Total lease payments	341
Finance lease ,Total lease payments	1,062
Less: Amount representing interest	(25)
Less: Amount representing interest	(151)
Present value of lease payments	316
Present value of lease payments	911
Less: Current maturities	(116)	$ (116)
Less: Current maturities	(179)	(117)
Lease obligations, net of current portion	200	257
Lease obligations, net of current portion	$ 732	$ 550

Leases (Details Narrative)

Leases (Details Narrative)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Operating and finance lease, expire term	expiring through 2027

Income and Other Taxes (Details

Income and Other Taxes (Details Narrative)	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective tax rate	18.90%

Schedule of Fair Value Valuatio

Schedule of Fair Value Valuation Model (Details)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Expected dividend yield at date of grant	0%
Risk-free interest rate	3.52%
Expected stock price volatility	68.20%
Expected life of options (in years)	5 years

Summary of Stock Option Activit

Summary of Stock Option Activities (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Number of options, outstanding beginning balance	639,500
Weighted average exercise price per share, outstanding beginning balance	$ 3.72
Weighted average remaining contractual term (years), ending balance	4 years 4 months 24 days	5 years 7 months 6 days
Aggregate intrinsic value, beginning balance	$ 127
Number of options, granted	107,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Granted	$ 1.96
Number of options, exercised
Number of options, forfeited	(5,000)
Weighted average exercise price per share, forfeited	$ 1.96
Number of options, forfeited
Number of options, outstanding ending balance	742,000	639,500
Weighted average exercise price per share, outstanding ending balance	$ 3.21	$ 3.72
Aggregate intrinsic value, ending balance	$ 35	$ 127
Number of options, exercisable	530,500
Weighted average exercise price per share, exercisable	$ 4.06
Weighted average remaining contractual term (years), exercisable	4 years 8 months 12 days
Aggregate intrinsic value, exercisable	$ 14

Summary of Restricted Stock Act

Summary of Restricted Stock Activity (Details) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of restricted stock, non-vested beginning balance	206,934
Weighted average grant date fair value, non-vested beginning balance | $ / shares	$ 2.06
Number of restricted stock, shares granted	390,000
Weighted average grant date fair value, granted | $ / shares	$ 1.96
Number of restricted stock, shares vested
Number of restricted stock, shares granted
Number of restricted stock, non-vested ending balance	596,934
Weighted average grant date fair value, non-vested ending balance | $ / shares	$ 2.06

Stock Compensation (Details Nar

Stock Compensation (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
	Dec. 17, 2019	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation				$ 1,037	$ 369
Common stock granted				107,500
weighted average grant per share				$ 1.96
Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
weighted average grant per share				$ 1.16
Stock option non vested		211,500		211,500
Unrecognized compensation cost		$ 200		$ 200
Compensation cost expected to be recognized, weighted average period				2 years 2 months 12 days
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Compensation cost expected to be recognized, weighted average period				2 years 8 months 12 days
Unrecognized for restricted stock, value		$ 700		$ 700
2017 Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares authorized for issuance	1,975,000
Share based compensation extended expiration date	Oct. 27, 2029
Share based compensation arrangement, number of shares available for grant		1.8		1.8
Strong Global Entertainment [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation				$ 700
Selling, General and Administrative Expenses [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation expense		$ 900	$ 200	$ 1,000	$ 400

Commitments, Contingencies an_2

Commitments, Contingencies and Concentrations (Details Narrative) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Product Information [Line Items]
Loss contingency	$ 200
Payments to litigation	$ 53
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | TopTen Customers [Member]
Product Information [Line Items]
Concentration risk, percentage	40%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | TopTen Customers [Member]
Product Information [Line Items]
Concentration risk, percentage	62%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Customer [Member]
Product Information [Line Items]
Concentration risk, percentage	10%

Schedule of Segment Reporting I

Schedule of Segment Reporting Information by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Total net revenues	$ 18,022	$ 9,143	$ 28,131	$ 19,169
Total gross profit	7,447	2,420	9,925	4,932
Total segment operating income	227	144	633	620
Unallocated administrative expenses	(995)	(1,029)	(2,180)	(2,267)
Loss from operations	(768)	(885)	(1,547)	(1,647)
Other expense, net	(2,225)	(4,056)	(5,085)	(2,925)
Loss before income taxes and equity method holding loss	(2,993)	(4,941)	(6,632)	(4,572)
Strong Entertainment [Member]
Segment Reporting Information [Line Items]
Total net revenues	17,839	8,822	27,790	18,543
Total gross profit	7,264	2,098	9,585	4,304
Total segment operating income	349	180	924	790
Other Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	183	321	341	626
Total gross profit	183	322	340	628
Total segment operating income	$ (122)	$ (36)	$ (291)	$ (170)

Reconciliation of Assets from S

Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total	$ 79,095	$ 71,753
Strong Entertainment [Member]
Segment Reporting Information [Line Items]
Total	39,843	35,392
Corporate Assets [Member]
Segment Reporting Information [Line Items]
Total	$ 39,252	$ 36,361

Schedule of Segment Reporting_2

Schedule of Segment Reporting Information by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	$ 18,022	$ 9,143	$ 28,131	$ 19,169
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	17,072	7,840	25,808	16,623
CANADA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	108	466	420	873
CHINA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total		44	22	279
MEXICO
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	64	7	64	7
Latin America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	16	74	273	220
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	171	169	566	265
Asia Excluding China [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	433	279	586	432
Other Countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	$ 158	$ 264	$ 392	$ 470

Summary of Identifiable Assets

Summary of Identifiable Assets by Geographical Area (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	$ 79,095	$ 71,753
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	51,187	51,423
CANADA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	$ 27,908	$ 20,330