FG (FGH) 10-Q 13 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 07, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q3
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		19,708,184

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 3,472	$ 3,789
Accounts receivable (net of credit allowances of $221 and $409, respectively)	7,453	6,167
Inventories, net	3,597	3,389
Other current assets	1,725	4,871
Total current assets	16,247	18,216
Property, plant and equipment, net	12,247	12,649
Operating lease right-of-use assets	229	310
Finance lease right-of-use asset	1,053	666
Equity holdings	27,450	37,522
Film and television programming rights, net	8,205	1,501
Goodwill	2,049	882
Other assets		7
Total assets	67,480	71,753
Current liabilities:
Accounts payable	3,885	4,375
Accrued expenses	7,563	5,167
Short-term debt	5,206	2,510
Current portion of long-term debt	222	216
Current portion of operating lease obligations	104	116
Current portion of finance lease obligations	216	117
Deferred revenue and customer deposits	1,541	1,787
Total current liabilities	18,737	14,288
Operating lease obligations, net of current portion	182	257
Finance lease obligations, net of current portion	851	550
Long-term debt, net of current portion and deferred debt issuance costs, net	4,916	5,004
Deferred income taxes	3,891	4,851
Other long-term liabilities	621	105
Total liabilities	29,198	25,055
Commitments, contingencies and concentrations (Note 17)
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 22,477 and 22,264 shares at September 30, 2023 and December 31, 2022, respectively; outstanding 19,683 and 19,470 shares at September 30, 2023 and December 31, 2022, respectively	225	223
Additional paid-in capital	55,674	53,882
Retained earnings	3,830	16,437
Treasury stock, 2,794 shares at cost	(18,586)	(18,586)
Accumulated other comprehensive loss	(4,978)	(5,258)
Total FG Group Holdings shareholders’ equity	36,165	46,698
Equity attributable to non-controlling interest	2,117
Total stockholders’ equity	38,282	46,698
Total liabilities and stockholders’ equity	$ 67,480	$ 71,753

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 221	$ 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	22,477	22,264
Common stock, shares outstanding	19,683	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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Total net revenues	$ 11,094	$ 10,274	$ 39,226	$ 29,442
Total cost of revenues	7,988	7,534	26,193	21,772
Gross profit	3,106	2,740	13,033	7,670
Selling and administrative expenses:
Selling	501	499	1,653	1,723
Administrative	3,347	2,533	13,672	7,887
Total selling and administrative expenses	3,848	3,032	15,325	9,610
Gain on disposal of assets			6
Loss from operations	(742)	(292)	(2,286)	(1,940)
Other income (expense):
Interest income				7
Interest expense	(183)	(91)	(432)	(238)
Foreign currency transaction gain (loss)	124	517	(183)	382
Unrealized loss on equity holdings	(976)	(1,301)	(5,514)	(3,752)
Other income (expense), net	19	11	27	(187)
Total other expense	(1,016)	(864)	(6,102)	(3,788)
Loss before income taxes and equity method holding loss	(1,758)	(1,156)	(8,388)	(5,728)
Income tax beneft (expense)	101	(245)	45	(292)
Equity method holding loss	(1,668)	(798)	(4,362)	(2,578)
Net loss	(3,325)	(2,199)	(12,705)	(8,598)
Net loss attributable to non-controlling interest	(4)		(122)
Net loss attributable to FG Group Holdings	$ (3,321)	$ (2,199)	$ (12,583)	$ (8,598)
Net loss per share:
Basic	$ (0.17)	$ (0.11)	$ (0.64)	$ (0.45)
Diluted	$ (0.17)	$ (0.11)	$ (0.64)	$ (0.45)
Weighted-average shares used in computing net loss per share:
Basic	19,648	19,437	19,530	19,235
Diluted	19,648	19,437	19,530	19,235
Product [Member]
Total net revenues	$ 7,994	$ 7,690	$ 23,609	$ 22,076
Total cost of revenues	5,699	5,543	17,414	16,234
Service [Member]
Total net revenues	3,100	2,584	15,617	7,366
Total cost of revenues	$ 2,289	$ 1,991	$ 8,779	$ 5,538

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net loss	$ (3,325)	$ (2,199)	$ (12,705)	$ (8,598)
Adjustment to postretirement benefit obligation	(4)	(4)	(13)	(15)
Removal of unrealized gain on available-for sale securities of equity method holding		(121)		(121)
Currency translation adjustment:
Unrealized net change arising during period	(246)	(1,353)	239	(1,906)
Total other comprehensive (loss) income	(250)	(1,478)	226	(2,042)
Comprehensive loss	(3,575)	(3,677)	(12,479)	(10,640)
Comprehensive loss attributable to non-controlling interest	(45)		(175)
Comprehensive loss attributable to FG Group Holdings	$ (3,530)	$ (3,677)	$ (12,304)	$ (10,640)

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								(8,598)
Net other comprehensive income/loss								(2,042)
Ending balance, value at Sep. 30, 2022	$ 222	53,752	14,992	(18,586)	(5,790)	44,590		44,590
Ending balance, shares at Sep. 30, 2022	22,231
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
Net loss			(2,199)			(2,199)		(2,199)
Net other comprehensive income/loss					(1,478)	(1,478)		(1,478)
Stock-based compensation expense		142				142		142
Vesting of restricted stock	$ 1	(1)
Vesting of restricted stock, shares	111
Ending balance, value at Sep. 30, 2022	$ 222	53,752	14,992	(18,586)	(5,790)	44,590		44,590
Ending balance, shares at Sep. 30, 2022	22,231
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								(12,705)
Net other comprehensive income/loss								226
Ending balance, value at Sep. 30, 2023	$ 225	55,674	3,830	(18,586)	(4,978)	36,165	2,117	38,282
Ending balance, shares at Sep. 30, 2023	22,477
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
Payments of withholding taxes for net share settlement of equity awards		(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
Net loss			(3,321)			(3,321)	(4)	(3,325)
Net other comprehensive income/loss					(209)	(209)	(41)	(250)
Stock-based compensation expense		378				378		378
Non-controlling interest allocation		(647)				(647)	647
Payments of withholding taxes for net share settlement of equity awards		(39)				(39)		(39)
Vesting of restricted stock	$ 2	(2)
Vesting of restricted stock, shares	213
Issuance of SGE common stock in connection with acquisition of Unbounded (Note 9)		933				933	273	1,206
Ending balance, value at Sep. 30, 2023	$ 225	$ 55,674	$ 3,830	$ (18,586)	$ (4,978)	$ 36,165	$ 2,117	$ 38,282
Ending balance, shares at Sep. 30, 2023	22,477

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net loss	$ (12,705)	$ (8,598)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:
(Recovery of) provision for doubtful accounts	(32)	11
Benefit from obsolete inventory	(47)
Provision for warranty	131	9
Depreciation and amortization	2,814	1,038
Amortization and accretion of operating leases	88	166
Equity method holding loss	4,362	2,578
Adjustment to SageNet promissory note in connection with prepayment		202
Unrealized loss on equity holdings	5,514	3,752
Deferred income taxes	124	(435)
Stock-based compensation expense	1,415	511
Changes in operating assets and liabilities:
Accounts receivable	(1,213)	(394)
Inventories	(158)	(556)
Current income taxes	(666)	117
Other assets	(9,760)	1,455
Accounts payable and accrued expenses	7,053	(1,490)
Deferred revenue and customer deposits	(248)	(975)
Operating lease obligations	(98)	(161)
Net cash used in operating activities	(3,426)	(2,770)
Cash flows from investing activities:
Capital expenditures	(306)	(858)
Acquisition of programming rights	(511)	(407)
Sale (purchase) of equity holdings	198	(2,000)
Receipt of SageNet promissory note		2,300
Net cash used in investing activities	(619)	(965)
Cash flows from financing activities:
Principal payments on short-term debt	(678)	(487)
Principal payments on long-term debt	(152)	(114)
Proceeds from Strong Global Entertainment initial public offering	2,411
Borrowings under credit facility	6,790
Repayments under credit facility	(4,483)
Payments of withholding taxes for net share settlement of equity awards	(131)	(15)
Payments on finance lease obligations	(109)	(5)
Net cash provided by (used in) financing activities	3,648	(621)
Effect of exchange rate changes on cash and cash equivalents	80	(184)
Net decrease in cash and cash equivalents and restricted cash	(317)	(4,540)
Cash and cash equivalents and restricted cash at beginning of period	3,789	8,882
Cash and cash equivalents and restricted cash at end of period	3,472	4,342
Components of cash and cash equivalents and restricted cash:
Cash and cash equivalents	3,472	4,191
Restricted cash		151
Total cash and cash equivalents and restricted cash	3,472	4,342
Supplemental disclosure of non-cash investing and financing activities:
Short-term borrowings to finance insurance	338	392
Issuance of Strong Global Entertainment common stock in connection with acquisition of Unbounded (Note 9)	1,206
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 acquisition of projects (Note 10)		$ 1,345

Nature of Operations

Nature of Operations	9 Months Ended
	Sep. 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 76 100 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	9 Months Ended
	Sep. 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 September 30, 2023, $ 1.6 3.5 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 September 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 nine months ended September 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 September 30, 2023 and December 31, 2022. Fair values measured on a recurring basis at September 30, 2023 (in thousands): Schedule of Fair Value Measured Financial Assets and Liabilities Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 3,472 $ - $ - $ 3,472 Fair value method equity holding 11,083 - - 11,083 Total $ 14,555 $ - $ - $ 14,555 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 $ 3.5 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	9 Months Ended
	Sep. 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 nine months ended September 30, 2023 and 2022 (in thousands): Schedule of Disaggregation of Revenue Strong Entertainment Other Total Strong Entertainment Other Total Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Screen system sales $ 3,914 $ - $ 3,914 $ 3,374 $ - $ 3,374 Digital equipment sales 3,434 - 3,434 3,592 - 3,592 Extended warranty sales 43 - 43 106 - 106 Other product sales 603 - 603 618 - 618 Total product sales 7,994 - 7,994 7,690 - 7,690 Field maintenance and monitoring services 2,008 - 2,008 1,708 - 1,708 Installation services 763 - 763 453 - 453 Strong Studios services - - - - - - Other service revenues 155 174 329 53 370 423 Total service revenues 2,926 174 3,100 2,214 370 2,584 Total $ 10,920 $ 174 $ 11,094 $ 9,904 $ 370 $ 10,274 Strong Entertainment Other Total Strong Entertainment Other Total Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Screen system sales $ 10,918 $ - $ 10,918 $ 10,117 $ - $ 10,117 Digital equipment sales 10,497 - 10,497 9,808 - 9,808 Extended warranty sales 143 - 143 290 - 290 Other product sales 2,051 - 2,051 1,861 - 1,861 Total product sales 23,609 - 23,609 22,076 - 22,076 Field maintenance and monitoring services 5,811 - 5,811 4,975 - 4,975 Installation services 2,603 - 2,603 1,294 - 1,294 Strong Studios services 6,379 - 6,379 - - - Other service revenues 307 517 824 101 996 1,097 Total service revenues 15,100 517 15,617 6,370 996 7,366 Total $ 38,709 $ 517 $ 39,226 $ 28,446 $ 996 $ 29,442 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. Extended warranty sales The Company sells extended warranties to its Strong Entertainment customers. Typically, the Company is the primary obligor, and revenue is recognized on a gross basis ratably over the term of the extended warranty. 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. 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 nine months ended September 30, 2023 and 2022 (in thousands): Schedule of Disaggregation of Revenue Strong Entertainment Other Total Strong Entertainment Other Total Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Point in time $ 9,389 $ 15 $ 9,404 $ 8,588 $ 63 $ 8,651 Over time 1,531 159 1,690 1,316 307 1,623 Total $ 10,920 $ 174 $ 11,094 $ 9,904 $ 370 $ 10,274 Strong Entertainment Other Total Strong Entertainment Other Total Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Point in time $ 34,130 $ 63 $ 34,193 $ 24,561 $ 80 $ 24,641 Over time 4,579 454 5,033 3,885 916 4,801 Total $ 38,709 $ 517 $ 39,226 $ 28,446 $ 996 $ 29,442 Revenue $ 38,709 $ 517 $ 39,226 $ 28,446 $ 996 $ 29,442 At September 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 $ 0.8 0.7 0.1

Net Loss Per Common Share

Net Loss Per Common Share	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Weighted average shares outstanding: Basic weighted average shares outstanding 19,648 19,437 19,530 19,235 Dilutive effect of stock options and certain non-vested restricted stock units - - - - Diluted weighted average shares outstanding 19,648 19,437 19,530 19,235 Anti-dilutive employee stock-based awards excluded 111 160 167 114 Options to purchase 632,000 489,500

Inventories

Inventories	9 Months Ended
	Sep. 30, 2023
Inventory Disclosure [Abstract]
Inventories	5. Inventories Inventories consisted of the following (in thousands): Schedule of Inventories September 30, 2023 December 31, 2022 Raw materials and components $ 1,964 $ 1,826 Work in process 496 279 Finished goods 1,137 1,284 Total $ 3,597 $ 3,389 The inventory balances are net of reserves of approximately $ 0.4 0.5 Schedule of Inventory Reserve Inventory reserve balance at December 31, 2022 $ 486 Inventory write-offs during 2023 (57 ) Provision for inventory reserve during 2023 (47 ) Inventory reserve balance at September 30, 2023 $ 382

Other Current Assets

Other Current Assets	9 Months Ended
	Sep. 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 September 30, 2023 and December 31, 2022 (in thousands): Schedule of Other Current Assets September 30, 2023 December 31, 2022 Prepaid expenses $ 1,006 $ 553 Receivable from Safehaven 2022, Inc. - 1,625 Costs incurred in connection with Strong Global Entertainment initial public offering - 1,920 Unbilled accounts receivable 432 337 Other 287 436 Total $ 1,725 $ 4,871

Equity Holdings

Equity Holdings	9 Months Ended
	Sep. 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 September 30, 2023 December 31, 2022 Carrying Amount Economic Interest Carrying Amount Economic Interest Equity Method Holding FG Financial Holdings, LLC $ 3,469 44.3 % $ 7,832 47.2 % Fair Value Method Holding GreenFirst Forest Products Inc. 11,083 8.3 % 16,792 8.4 % Cost Method Holding Firefly Systems, Inc. 12,898 12,898 Total Equity holdings $ 27,450 $ 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 % voting power but does not maintain a controlling interest. Based on quoted closing stock of the securities held by FGF Holdings, as well as the liabilities and cash balance on hand, the liquidation value of the Company’s LLC interest in FGF Holdings was approximately $ 3.5 million as of September 30, 2023. The Company recorded an equity method loss related to FGF Holdings of $ 1.7 4.4 10.4 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% 5.5 3.8 11.1 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	9 Months Ended
	Sep. 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 September 30, 2023 and December 31, 2022 (in thousands): Schedule of Property, Plant and Equipment September 30, 2023 December 31, 2022 Land $ 2,341 $ 2,341 Buildings and improvements 9,414 12,756 Machinery and other equipment 5,059 4,786 Office furniture and fixtures 884 860 Construction in progress 12 11 Total Property, plant and equipment, cost 17,710 20,754 Less: accumulated depreciation (5,463 ) (8,105 ) Property, plant and equipment, net $ 12,247 $ 12,649

Acquisition of Unbounded Media

Acquisition of Unbounded Media Corporation	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisition of Unbounded Media Corporation	9. Acquisition of Unbounded Media Corporation On September 12, 2023, Strong Global Entertainment acquired all of the outstanding capital stock of Unbounded Media Corporation and its subsidiaries (“Unbounded”), an independent media and creative production company. In connection with the acquisition of Unbounded, Strong Global Entertainment issued 0.6 Unbounded develops, creates and produces film, advertising, and branded content for a broad range of clients. In an all-stock transaction, the deal with Unbounded marks the first acquisition in a broader strategy to acquire a portfolio of multi-disciplined content and services companies. Unbounded, in partnership with Strong Studios, also plans to further develop its original IP portfolio, under its Fieldhouse Entertainment division, which currently includes feature films employing Strong Studios’ long form production expertise and industry network. The following table summarizes the fair values assigned to the net assets acquired and the liabilities assumed as part of the acquisition of Unbounded (in thousands): Schedule of Net Assets Acquired and Liabilities Assumed Cash $ 2 Accounts receivable 59 Other current assets 51 Intangible assets 10 Total identifiable assets acquired 122 Accounts payable and accrued expenses 11 Revolving credit facility 71 Total liabilities assumed 82 Net identifiable assets acquired 40 Goodwill 1,166 Net assets acquired $ 1,206 Strong Global Entertainment is in the process of finalizing the acquisition purchase price and valuations of certain intangible assets; thus, the provisional measurements of intangible assets and goodwill are subject to change. Pro forma results of operations for this acquisition have not been presented because the effects on net revenues and net (loss) income were not material to Strong Global Entertainment’s historical consolidated financial statements.

Film and Television Programming

Film and Television Programming Rights, Net	9 Months Ended
	Sep. 30, 2023
Film And Television Programming Rights Net
Film and Television Programming Rights, Net	10. Film and Television Programming Rights, Net Film and television programming rights, net consisted of the following as of September 30, 2023 and December 31, 2022 (in thousands): Schedule of Film and Television Programming Rights, Net September 30, 2023 December 31, 2022 Television series in development $ 9,933 $ 1,308 Films in development 252 193 Total film and programming rights 10,185 1,501 Accumulated amortization (1,980 ) - Total film and programming rights, net $ 8,205 $ 1,501 A rollforward of film and television programming rights, net for the nine months ended September 30, 2023, is as follows (in thousands): Schedule of Rollforward of Film and Television Programming Rights Balance at December 31, 2022 $ 1,501 Expenditures on in-process projects 511 Acquisition of distribution rights 8,267 Amortization of film and programming rights (1,980 ) In process projects assumed in connection with acquisition of Unbounded 10 Adjustment to fair value of warrant issued to Landmark (104 ) Balance at September 30, 2023 $ 8,205 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, one of which has produced revenue as of September 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 $ 51 Television programming rights 6,686 Other assets 29 Total assets $ 6,766 Accounts payable and accrued expenses $ 3,901 Due to Strong Studios 1,491 Debt 404 Equity 970 Total liabilities and equity $ 6,766 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 ● 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	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	11. Goodwill The following represents a summary of changes in the Company’s carrying amount of goodwill for the nine months ended September 30, 2023 (in thousands): Summary of Changes in Carrying Amount of Goodwill Balance as of December 31, 2022 $ 882 Acquisition of Unbounded 1,166 Foreign currency translation adjustment 1 Balance as of September 30, 2023 $ 2,049

Accrued Expenses

Accrued Expenses	9 Months Ended
	Sep. 30, 2023
Payables and Accruals [Abstract]
Accrued Expenses	12. Accrued Expenses The Company’s accrued expense consisted of the following as of September 30, 2023 and December 31, 2022 (in thousands): Schedule of Accrued Expense September 30, 2023 December 31, 2022 Employee-related $ 1,497 $ 1,428 Warranty obligation 303 309 Interest and taxes 192 671 Legal and professional fees 385 725 Accrued participation costs 3,426 - Film and television programming rights 875 1,709 Other 885 325 Total $ 7,563 $ 5,167

Debt

Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt	13. Debt The Company’s short-term debt and long-term debt consisted of the following as of September 30, 2023 and December 31, 2022 (in thousands): Schedule of Short term and Long term Debt September 30, 2023 December 31, 2022 Short-term debt: Strong/MDI 20 $ 2,189 $ 2,289 Strong/MDI 5 - 221 Strong/MDI revolving credit facility 2,293 - Safehaven 2022 debt 404 - Insurance note payable 338 - Total short-term debt 5,224 2,510 Less: deferred debt issuance costs, net (18 ) - Total short-term debt, net of issuance costs $ 5,206 $ 2,510 Long-term debt: Tenant improvement loan $ 135 $ 162 Unbounded credit facility 71 - Digital Ignition building loan 4,971 5,105 Total long-term debt $ 5,177 $ 5,267 Less: current portion (222 ) (216 ) Less: deferred debt issuance costs, net (39 ) (47 ) Long-term debt, net of current portion and deferred debt issuance costs, net $ 4,916 $ 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 20 3.1 1.0 0.5 5 3.0 2.2 20 8.2 3.4 3.1 2.3 8.2 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 0.4 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 50 0.2 0.1 0.2 0.1 Unbounded Credit Facility In April 2023, Unbounded and Signature Bank entered into a revolving line of credit for up to $ 0.3 8.5 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 September 30, 2023, are as follows (in thousands): Schedule of Contractual Principal Payments of Long-term Debt Tenant Improvement Loan Digital Ignition Building Loan Unbounded Credit Facility Total Remainder of 2023 $ 9 46 - $ 55 2024 37 187 - 224 2025 40 195 71 306 2026 42 203 - 245 2027 7 4,340 - 4,347 Thereafter - - - - Total $ 135 $ 4,971 $ 71 $ 5,177

Leases

Leases	9 Months Ended
	Sep. 30, 2023
Leases
Leases	14. 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 September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Lease cost Three Months Ended Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Finance lease cost: Amortization of right-of-use assets $ 53 $ 3 $ 123 $ 6 Interest on lease liabilities 22 1 49 2 Operating lease cost 38 36 111 160 Short-term lease cost 14 13 45 41 Sublease income - - - (32 ) Net lease cost $ 127 $ 53 $ 328 $ 177 September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Other information Three Months Ended Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 22 $ 1 $ 49 $ 2 Operating cash flows from operating leases $ 33 $ 29 $ 98 $ 170 Financing cash flows from finance leases $ 40 $ 3 $ 106 $ 5 Right-of-use assets obtained in exchange for new finance lease liabilities $ 200 $ - $ 510 $ 68 Right-of-use assets obtained in exchange for new operating lease liabilities $ - $ 97 $ - $ 97 As of Weighted-average remaining lease term - finance leases (years) 1.3 Weighted-average remaining lease term - operating leases (years) 3.1 Weighted-average discount rate - finance leases 5.1 % Weighted-average discount rate - operating leases 3.9 % The following table presents a maturity analysis of the Company’s operating and finance lease liabilities as of September 30, 2023 (in thousands): Schedule of Future Minimum Lease Payments Operating Leases Finance Leases Remainder of 2023 $ 33 $ 75 2024 101 300 2025 79 548 2026 81 308 2027 14 5 Thereafter - - Total lease payments 308 1,236 Less: Amount representing interest (22 ) (169 ) Present value of lease payments 286 1,067 Less: Current maturities (104 ) (216 ) Lease obligations, net of current portion $ 182 $ 851

Income and Other Taxes

Income and Other Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income and Other Taxes	15. 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 September 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 2020 through 2022. 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	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock Compensation	16. 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 $ 0.4 million and $ 0.1 million for the three months ended September 30, 2023 and September 30, 2022, respectively, and $ 1.4 million and $ 0.5 million for the nine months ended September 30, 2023 and September 30, 2022, respectively. Consolidated stock-based compensation expense for the three months and nine months ended September 30, 2023 includes approximately $ 0.1 million and $ 0.8 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 1.7 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 nine months ended September 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 (18,000 ) $ 1.99 Expired - Outstanding at September 30, 2023 729,000 $ 3.51 5.4 $ 8,080 Exercisable at September 30, 2023 532,500 $ 4.06 4.5 $ 3,520 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 September 30, 2023, 196,500 0.2 2.1 Restricted Stock Units The Company estimates the fair value of restricted stock unit 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 nine months ended September 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 541,039 $ 1.95 Shares vested (228,599 ) 2.10 Shares forfeited - Non-vested at September 30, 2023 519,374 $ 1.93 As of September 30, 2023, the total unrecognized compensation cost related to non-vested restricted stock unit awards was approximately $ 0.8 2.0

Commitments, Contingencies and

Commitments, Contingencies and Concentrations	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Concentrations	17. 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 September 30, 2023, the Company has a loss contingency reserve of approximately $ 0.3 53 Gain contingency The Company has carried key man life insurance covering one of its employees for several years. The covered employee passed away during the third quarter of 2023. The company completed and filed a $ 2.5 Concentrations The Company’s top ten customers accounted for approximately 42 43 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	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Business Segment Information	18. 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 September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (in thousands) (in thousands) Net revenues Strong Entertainment $ 10,920 $ 9,904 $ 38,709 $ 28,446 Other 174 370 517 996 Total net revenues 11,094 10,274 39,226 29,442 Gross profit Strong Entertainment 2,822 2,371 12,351 6,674 Other 284 369 682 996 Total gross profit 3,106 2,740 13,033 7,670 Operating income (loss) Strong Entertainment 183 732 1,112 1,522 Other (102 ) (34 ) (376 ) (204 ) Total segment operating income 81 698 736 1,318 Unallocated administrative expenses (823 ) (990 ) (3,022 ) (3,258 ) Loss from operations (742 ) (292 ) (2,286 ) (1,940 ) Other expense, net (1,016 ) (864 ) (6,102 ) (3,788 ) Loss before income taxes and equity method holding loss $ (1,758 ) $ (1,156 ) $ (8,388 ) $ (5,728 ) Reconciliation of Assets from Segment to Consolidated (In thousands) September 30, 2023 December 31, 2022 Identifiable assets Strong Entertainment $ 31,183 $ 35,392 Corporate assets 36,297 36,361 Total $ 67,480 $ 71,753 Summary by Geographical Area Schedule of Segment Reporting Information by Geographic Area Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Net revenues United States $ 8,553 $ 8,780 $ 34,360 $ 25,403 Canada 336 391 756 1,264 China - 48 22 327 Mexico 80 12 145 19 Latin America 216 97 488 317 Europe 533 525 1,100 790 Asia (excluding China) 1,131 142 1,716 573 Other 245 279 639 749 Total $ 11,094 $ 10,274 $ 39,226 $ 29,442 Summary of Identifiable Assets by Geographical Area (In thousands) September 30, 2023 December 31, 2022 Identifiable assets United States $ 38,946 $ 51,423 Canada 28,534 20,330 Total $ 67,480 $ 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.

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Event	19. Subsequent Event On November 3, 2023, Strong Global Entertainment entered into an asset purchase agreement with Innovative Cinema Solutions, LLC (“ICS”), a full - 0.2 0.2 0.5

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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 September 30, 2023, $ 1.6 3.5
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 September 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 nine months ended September 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 September 30, 2023 and December 31, 2022. Fair values measured on a recurring basis at September 30, 2023 (in thousands): Schedule of Fair Value Measured Financial Assets and Liabilities Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 3,472 $ - $ - $ 3,472 Fair value method equity holding 11,083 - - 11,083 Total $ 14,555 $ - $ - $ 14,555 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 $ 3.5
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)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Schedule of Fair Value Measured Financial Assets and Liabilities	Fair values measured on a recurring basis at September 30, 2023 (in thousands): Schedule of Fair Value Measured Financial Assets and Liabilities Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 3,472 $ - $ - $ 3,472 Fair value method equity holding 11,083 - - 11,083 Total $ 14,555 $ - $ - $ 14,555 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)	9 Months Ended
	Sep. 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 nine months ended September 30, 2023 and 2022 (in thousands): Schedule of Disaggregation of Revenue Strong Entertainment Other Total Strong Entertainment Other Total Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Screen system sales $ 3,914 $ - $ 3,914 $ 3,374 $ - $ 3,374 Digital equipment sales 3,434 - 3,434 3,592 - 3,592 Extended warranty sales 43 - 43 106 - 106 Other product sales 603 - 603 618 - 618 Total product sales 7,994 - 7,994 7,690 - 7,690 Field maintenance and monitoring services 2,008 - 2,008 1,708 - 1,708 Installation services 763 - 763 453 - 453 Strong Studios services - - - - - - Other service revenues 155 174 329 53 370 423 Total service revenues 2,926 174 3,100 2,214 370 2,584 Total $ 10,920 $ 174 $ 11,094 $ 9,904 $ 370 $ 10,274 Strong Entertainment Other Total Strong Entertainment Other Total Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Screen system sales $ 10,918 $ - $ 10,918 $ 10,117 $ - $ 10,117 Digital equipment sales 10,497 - 10,497 9,808 - 9,808 Extended warranty sales 143 - 143 290 - 290 Other product sales 2,051 - 2,051 1,861 - 1,861 Total product sales 23,609 - 23,609 22,076 - 22,076 Field maintenance and monitoring services 5,811 - 5,811 4,975 - 4,975 Installation services 2,603 - 2,603 1,294 - 1,294 Strong Studios services 6,379 - 6,379 - - - Other service revenues 307 517 824 101 996 1,097 Total service revenues 15,100 517 15,617 6,370 996 7,366 Total $ 38,709 $ 517 $ 39,226 $ 28,446 $ 996 $ 29,442
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 nine months ended September 30, 2023 and 2022 (in thousands): Schedule of Disaggregation of Revenue Strong Entertainment Other Total Strong Entertainment Other Total Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Point in time $ 9,389 $ 15 $ 9,404 $ 8,588 $ 63 $ 8,651 Over time 1,531 159 1,690 1,316 307 1,623 Total $ 10,920 $ 174 $ 11,094 $ 9,904 $ 370 $ 10,274 Strong Entertainment Other Total Strong Entertainment Other Total Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 Strong Entertainment Other Total Strong Entertainment Other Total Point in time $ 34,130 $ 63 $ 34,193 $ 24,561 $ 80 $ 24,641 Over time 4,579 454 5,033 3,885 916 4,801 Total $ 38,709 $ 517 $ 39,226 $ 28,446 $ 996 $ 29,442 Revenue $ 38,709 $ 517 $ 39,226 $ 28,446 $ 996 $ 29,442

Net Loss Per Common Share (Tabl

Net Loss Per Common Share (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Weighted average shares outstanding: Basic weighted average shares outstanding 19,648 19,437 19,530 19,235 Dilutive effect of stock options and certain non-vested restricted stock units - - - - Diluted weighted average shares outstanding 19,648 19,437 19,530 19,235 Anti-dilutive employee stock-based awards excluded 111 160 167 114

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consisted of the following (in thousands): Schedule of Inventories September 30, 2023 December 31, 2022 Raw materials and components $ 1,964 $ 1,826 Work in process 496 279 Finished goods 1,137 1,284 Total $ 3,597 $ 3,389
Schedule of Inventory Reserve	Schedule of Inventory Reserve Inventory reserve balance at December 31, 2022 $ 486 Inventory write-offs during 2023 (57 ) Provision for inventory reserve during 2023 (47 ) Inventory reserve balance at September 30, 2023 $ 382

Other Current Assets (Tables)

Other Current Assets (Tables)	9 Months Ended
	Sep. 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 September 30, 2023 and December 31, 2022 (in thousands): Schedule of Other Current Assets September 30, 2023 December 31, 2022 Prepaid expenses $ 1,006 $ 553 Receivable from Safehaven 2022, Inc. - 1,625 Costs incurred in connection with Strong Global Entertainment initial public offering - 1,920 Unbilled accounts receivable 432 337 Other 287 436 Total $ 1,725 $ 4,871

Equity Holdings (Tables)

Equity Holdings (Tables)	9 Months Ended
	Sep. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Summary of Investments	The following summarizes our equity holdings (dollars in thousands): Summary of Investments September 30, 2023 December 31, 2022 Carrying Amount Economic Interest Carrying Amount Economic Interest Equity Method Holding FG Financial Holdings, LLC $ 3,469 44.3 % $ 7,832 47.2 % Fair Value Method Holding GreenFirst Forest Products Inc. 11,083 8.3 % 16,792 8.4 % Cost Method Holding Firefly Systems, Inc. 12,898 12,898 Total Equity holdings $ 27,450 $ 37,522

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment, net consisted of the following as of September 30, 2023 and December 31, 2022 (in thousands): Schedule of Property, Plant and Equipment September 30, 2023 December 31, 2022 Land $ 2,341 $ 2,341 Buildings and improvements 9,414 12,756 Machinery and other equipment 5,059 4,786 Office furniture and fixtures 884 860 Construction in progress 12 11 Total Property, plant and equipment, cost 17,710 20,754 Less: accumulated depreciation (5,463 ) (8,105 ) Property, plant and equipment, net $ 12,247 $ 12,649

Acquisition of Unbounded Medi_2

Acquisition of Unbounded Media Corporation (Tables)	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Net Assets Acquired and Liabilities Assumed	The following table summarizes the fair values assigned to the net assets acquired and the liabilities assumed as part of the acquisition of Unbounded (in thousands): Schedule of Net Assets Acquired and Liabilities Assumed Cash $ 2 Accounts receivable 59 Other current assets 51 Intangible assets 10 Total identifiable assets acquired 122 Accounts payable and accrued expenses 11 Revolving credit facility 71 Total liabilities assumed 82 Net identifiable assets acquired 40 Goodwill 1,166 Net assets acquired $ 1,206

Film and Television Programmi_2

Film and Television Programming Rights, Net (Tables)	9 Months Ended
	Sep. 30, 2023
Film And Television Programming Rights Net
Schedule of Film and Television Programming Rights, Net	Film and television programming rights, net consisted of the following as of September 30, 2023 and December 31, 2022 (in thousands): Schedule of Film and Television Programming Rights, Net September 30, 2023 December 31, 2022 Television series in development $ 9,933 $ 1,308 Films in development 252 193 Total film and programming rights 10,185 1,501 Accumulated amortization (1,980 ) - Total film and programming rights, net $ 8,205 $ 1,501
Schedule of Rollforward of Film and Television Programming Rights	A rollforward of film and television programming rights, net for the nine months ended September 30, 2023, is as follows (in thousands): Schedule of Rollforward of Film and Television Programming Rights Balance at December 31, 2022 $ 1,501 Expenditures on in-process projects 511 Acquisition of distribution rights 8,267 Amortization of film and programming rights (1,980 ) In process projects assumed in connection with acquisition of Unbounded 10 Adjustment to fair value of warrant issued to Landmark (104 ) Balance at September 30, 2023 $ 8,205
Schedule of Balance Sheets	Schedule of Balance Sheets Cash $ 51 Television programming rights 6,686 Other assets 29 Total assets $ 6,766 Accounts payable and accrued expenses $ 3,901 Due to Strong Studios 1,491 Debt 404 Equity 970 Total liabilities and equity $ 6,766

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2023 (in thousands): Summary of Changes in Carrying Amount of Goodwill Balance as of December 31, 2022 $ 882 Acquisition of Unbounded 1,166 Foreign currency translation adjustment 1 Balance as of September 30, 2023 $ 2,049

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2023
Payables and Accruals [Abstract]
Schedule of Accrued Expense	The Company’s accrued expense consisted of the following as of September 30, 2023 and December 31, 2022 (in thousands): Schedule of Accrued Expense September 30, 2023 December 31, 2022 Employee-related $ 1,497 $ 1,428 Warranty obligation 303 309 Interest and taxes 192 671 Legal and professional fees 385 725 Accrued participation costs 3,426 - Film and television programming rights 875 1,709 Other 885 325 Total $ 7,563 $ 5,167

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 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 September 30, 2023 and December 31, 2022 (in thousands): Schedule of Short term and Long term Debt September 30, 2023 December 31, 2022 Short-term debt: Strong/MDI 20 $ 2,189 $ 2,289 Strong/MDI 5 - 221 Strong/MDI revolving credit facility 2,293 - Safehaven 2022 debt 404 - Insurance note payable 338 - Total short-term debt 5,224 2,510 Less: deferred debt issuance costs, net (18 ) - Total short-term debt, net of issuance costs $ 5,206 $ 2,510 Long-term debt: Tenant improvement loan $ 135 $ 162 Unbounded credit facility 71 - Digital Ignition building loan 4,971 5,105 Total long-term debt $ 5,177 $ 5,267 Less: current portion (222 ) (216 ) Less: deferred debt issuance costs, net (39 ) (47 ) Long-term debt, net of current portion and deferred debt issuance costs, net $ 4,916 $ 5,004
Schedule of Contractual Principal Payments of Long-term Debt	Contractual required principal payments on the Company’s long-term debt at September 30, 2023, are as follows (in thousands): Schedule of Contractual Principal Payments of Long-term Debt Tenant Improvement Loan Digital Ignition Building Loan Unbounded Credit Facility Total Remainder of 2023 $ 9 46 - $ 55 2024 37 187 - 224 2025 40 195 71 306 2026 42 203 - 245 2027 7 4,340 - 4,347 Thereafter - - - - Total $ 135 $ 4,971 $ 71 $ 5,177

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2023
Leases
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 September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Lease cost Three Months Ended Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Finance lease cost: Amortization of right-of-use assets $ 53 $ 3 $ 123 $ 6 Interest on lease liabilities 22 1 49 2 Operating lease cost 38 36 111 160 Short-term lease cost 14 13 45 41 Sublease income - - - (32 ) Net lease cost $ 127 $ 53 $ 328 $ 177 September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Other information Three Months Ended Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 22 $ 1 $ 49 $ 2 Operating cash flows from operating leases $ 33 $ 29 $ 98 $ 170 Financing cash flows from finance leases $ 40 $ 3 $ 106 $ 5 Right-of-use assets obtained in exchange for new finance lease liabilities $ 200 $ - $ 510 $ 68 Right-of-use assets obtained in exchange for new operating lease liabilities $ - $ 97 $ - $ 97 As of Weighted-average remaining lease term - finance leases (years) 1.3 Weighted-average remaining lease term - operating leases (years) 3.1 Weighted-average discount rate - finance leases 5.1 % Weighted-average discount rate - operating leases 3.9 %
Schedule of Future Minimum Lease Payments	The following table presents a maturity analysis of the Company’s operating and finance lease liabilities as of September 30, 2023 (in thousands): Schedule of Future Minimum Lease Payments Operating Leases Finance Leases Remainder of 2023 $ 33 $ 75 2024 101 300 2025 79 548 2026 81 308 2027 14 5 Thereafter - - Total lease payments 308 1,236 Less: Amount representing interest (22 ) (169 ) Present value of lease payments 286 1,067 Less: Current maturities (104 ) (216 ) Lease obligations, net of current portion $ 182 $ 851

Stock Compensation (Tables)

Stock Compensation (Tables)	9 Months Ended
	Sep. 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 nine months ended September 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 (18,000 ) $ 1.99 Expired - Outstanding at September 30, 2023 729,000 $ 3.51 5.4 $ 8,080 Exercisable at September 30, 2023 532,500 $ 4.06 4.5 $ 3,520
Summary of Restricted Stock Activity	The Company estimates the fair value of restricted stock unit 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 nine months ended September 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 541,039 $ 1.95 Shares vested (228,599 ) 2.10 Shares forfeited - Non-vested at September 30, 2023 519,374 $ 1.93

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (in thousands) (in thousands) Net revenues Strong Entertainment $ 10,920 $ 9,904 $ 38,709 $ 28,446 Other 174 370 517 996 Total net revenues 11,094 10,274 39,226 29,442 Gross profit Strong Entertainment 2,822 2,371 12,351 6,674 Other 284 369 682 996 Total gross profit 3,106 2,740 13,033 7,670 Operating income (loss) Strong Entertainment 183 732 1,112 1,522 Other (102 ) (34 ) (376 ) (204 ) Total segment operating income 81 698 736 1,318 Unallocated administrative expenses (823 ) (990 ) (3,022 ) (3,258 ) Loss from operations (742 ) (292 ) (2,286 ) (1,940 ) Other expense, net (1,016 ) (864 ) (6,102 ) (3,788 ) Loss before income taxes and equity method holding loss $ (1,758 ) $ (1,156 ) $ (8,388 ) $ (5,728 )
Reconciliation of Assets from Segment to Consolidated	Reconciliation of Assets from Segment to Consolidated (In thousands) September 30, 2023 December 31, 2022 Identifiable assets Strong Entertainment $ 31,183 $ 35,392 Corporate assets 36,297 36,361 Total $ 67,480 $ 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 September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Net revenues United States $ 8,553 $ 8,780 $ 34,360 $ 25,403 Canada 336 391 756 1,264 China - 48 22 327 Mexico 80 12 145 19 Latin America 216 97 488 317 Europe 533 525 1,100 790 Asia (excluding China) 1,131 142 1,716 573 Other 245 279 639 749 Total $ 11,094 $ 10,274 $ 39,226 $ 29,442
Summary of Identifiable Assets by Geographical Area	Summary of Identifiable Assets by Geographical Area (In thousands) September 30, 2023 December 31, 2022 Identifiable assets United States $ 38,946 $ 51,423 Canada 28,534 20,330 Total $ 67,480 $ 71,753

Nature of Operations (Details N

Nature of Operations (Details Narrative) - FG Group Holdings Inc. [Member]	Sep. 30, 2023
Common Class A [Member]
Ownership percentage	76%
Common Class B [Member]
Ownership percentage	100%

Schedule of Fair Value Measured

Schedule of Fair Value Measured Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Platform Operator, Crypto-Asset [Line Items]
Cash and cash equivalents	$ 3,472	$ 3,789
Fair value method equity holding	11,083	16,792
Total	14,555	20,581
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto-Asset [Line Items]
Cash and cash equivalents	3,472	3,789
Fair value method equity holding	11,083	16,792
Total	14,555	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) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash	$ 1,600
Cash equivalents	3,472	$ 3,789
Quoted fair value of company's ownership	3,500
Cumulative effect adjustment	$ 24

Schedule of Disaggregation of R

Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 11,094	$ 10,274	$ 39,226	$ 29,442
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue	9,404	8,651	34,193	24,641
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,690	1,623	5,033	4,801
Product [Member]
Disaggregation of Revenue [Line Items]
Revenue	7,994	7,690	23,609	22,076
Product [Member] | Screen System Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue	3,914	3,374	10,918	10,117
Product [Member] | Digital Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue	3,434	3,592	10,497	9,808
Product [Member] | Extended Warranty Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue	43	106	143	290
Product [Member] | Other Product Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue	603	618	2,051	1,861
Service [Member]
Disaggregation of Revenue [Line Items]
Revenue	3,100	2,584	15,617	7,366
Service [Member] | Field Maintenance and Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Revenue	2,008	1,708	5,811	4,975
Service [Member] | Installation Services [Member]
Disaggregation of Revenue [Line Items]
Revenue	763	453	2,603	1,294
Service [Member] | Strong Studios Services [Member]
Disaggregation of Revenue [Line Items]
Revenue			6,379
Service [Member] | Other Service [Member]
Disaggregation of Revenue [Line Items]
Revenue	329	423	824	1,097
Strong Entertainment [Member]
Disaggregation of Revenue [Line Items]
Revenue	10,920	9,904	38,709	28,446
Strong Entertainment [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue	9,389	8,588	34,130	24,561
Strong Entertainment [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,531	1,316	4,579	3,885
Strong Entertainment [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Revenue	7,994	7,690	23,609	22,076
Strong Entertainment [Member] | Product [Member] | Screen System Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue	3,914	3,374	10,918	10,117
Strong Entertainment [Member] | Product [Member] | Digital Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue	3,434	3,592	10,497	9,808
Strong Entertainment [Member] | Product [Member] | Extended Warranty Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue	43	106	143	290
Strong Entertainment [Member] | Product [Member] | Other Product Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue	603	618	2,051	1,861
Strong Entertainment [Member] | Service [Member]
Disaggregation of Revenue [Line Items]
Revenue	2,926	2,214	15,100	6,370
Strong Entertainment [Member] | Service [Member] | Field Maintenance and Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Revenue	2,008	1,708	5,811	4,975
Strong Entertainment [Member] | Service [Member] | Installation Services [Member]
Disaggregation of Revenue [Line Items]
Revenue	763	453	2,603	1,294
Strong Entertainment [Member] | Service [Member] | Strong Studios Services [Member]
Disaggregation of Revenue [Line Items]
Revenue			6,379
Strong Entertainment [Member] | Service [Member] | Other Service [Member]
Disaggregation of Revenue [Line Items]
Revenue	155	53	307	101
Other Segments [Member]
Disaggregation of Revenue [Line Items]
Revenue	174	370	517	996
Other Segments [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue	15	63	63	80
Other Segments [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue	159	307	454	916
Other Segments [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Revenue
Other Segments [Member] | Product [Member] | Screen System Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue
Other Segments [Member] | Product [Member] | Digital Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue
Other Segments [Member] | Product [Member] | Extended Warranty Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue
Other Segments [Member] | Product [Member] | Other Product Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue
Other Segments [Member] | Service [Member]
Disaggregation of Revenue [Line Items]
Revenue	174	370	517	996
Other Segments [Member] | Service [Member] | Field Maintenance and Monitoring Services [Member]
Disaggregation of Revenue [Line Items]
Revenue
Other Segments [Member] | Service [Member] | Installation Services [Member]
Disaggregation of Revenue [Line Items]
Revenue
Other Segments [Member] | Service [Member] | Strong Studios Services [Member]
Disaggregation of Revenue [Line Items]
Revenue
Other Segments [Member] | Service [Member] | Other Service [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 174	$ 370	$ 517	$ 996

Revenue (Details Narrative)

Revenue (Details Narrative) $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($)
Revenue	$ 0.8
During 2023 [Member]
Unearned revenue	0.7
During 2024 [Member]
Unearned revenue	$ 0.1
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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Basic weighted average shares outstanding	19,648	19,437	19,530	19,235
Dilutive effect of stock options and certain non-vested restricted stock units
Diluted weighted average shares outstanding	19,648	19,437	19,530	19,235
Anti-dilutive employee stock-based awards excluded	111	160	167	114

Net Loss Per Common Share (Deta

Net Loss Per Common Share (Details Narrative) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	111,000	160,000	167,000	114,000
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			632,000	489,500

Schedule of Inventories (Detail

Schedule of Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials and components	$ 1,964	$ 1,826
Work in process	496	279
Finished goods	1,137	1,284
Total	$ 3,597	$ 3,389

Schedule of Inventory Reserve (

Schedule of Inventory Reserve (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Inventory Disclosure [Abstract]
Inventory reserve balance at December 31, 2022	$ 486
Inventory write-offs during 2023	(57)
Provision for inventory reserve during 2023	(47)
Inventory reserve balance at September 30, 2023	$ 382

Inventories (Details Narrative)

Inventories (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventory valuation reserves	$ 382	$ 486

Schedule of Other Current Asset

Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses	$ 1,006	$ 553
Receivable from Safehaven 2022, Inc.		1,625
Costs incurred in connection with Strong Global Entertainment initial public offering		1,920
Unbilled accounts receivable	432	337
Other	287	436
Total	$ 1,725	$ 4,871

Summary of Investments (Details

Summary of Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Total Investments	$ 27,450	$ 37,522
FG Financial Holdings, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments carrying amount	$ 3,469	$ 7,832
Equity method ownership percentage	44.30%	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	$ 11,083	$ 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		9 Months Ended
	Sep. 12, 2022	Apr. 30, 2021	Aug. 31, 2020	May 31, 2019	Sep. 30, 2023	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Liquidation value					$ 11,083		$ 11,083		$ 16,792
Retained earnings					3,830		3,830		$ 16,437
Loss on equity holdings							(4,362)	$ (2,578)
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							5,500	$ 3,800
Fair value of investment					11,100		$ 11,100
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
Liquidation value					3,500		$ 3,500
Gain loss on equity holdings					1,700		4,400
Retained earnings					$ 10,400		$ 10,400
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	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total Property, plant and equipment, cost	$ 17,710	$ 20,754
Less: accumulated depreciation	(5,463)	(8,105)
Property, plant and equipment, net	12,247	12,649
Land [Member]
Property, Plant and Equipment [Line Items]
Total Property, plant and equipment, cost	2,341	2,341
Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Total Property, plant and equipment, cost	9,414	12,756
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total Property, plant and equipment, cost	5,059	4,786
Office Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total Property, plant and equipment, cost	884	860
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Total Property, plant and equipment, cost	$ 12	$ 11

Schedule of Net Assets Acquired

Schedule of Net Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 12, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill	$ 2,049		$ 882
Unbounded Media Corporation [Member] | Strong Global Entertainment [Member]
Business Acquisition [Line Items]
Cash		$ 2
Accounts receivable		59
Other current assets		51
Intangible assets		10
Total identifiable assets acquired		122
Accounts payable and accrued expenses		11
Revolving credit facility		71
Total liabilities assumed		82
Net identifiable assets acquired		40
Goodwill		1,166
Net assets acquired		$ 1,206

Acquisition of Unbounded Medi_3

Acquisition of Unbounded Media Corporation (Details Narrative) shares in Millions	Sep. 12, 2023 shares
Unbounded Media Corporation [Member] | Strong Global Entertainment [Member] | Common Class A [Member]
Business Acquisition [Line Items]
Shares issued in acquisition	0.6

Schedule of Film and Television

Schedule of Film and Television Programming Rights, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Television series in development	$ 8,205	$ 1,501
Films in development	252	193
Total film and programming rights	10,185	1,501
Accumulated amortization	(1,980)
Total film and programming rights, net	8,205	1,501
Television Series in Development [Member]
Television series in development	$ 9,933	$ 1,308

Schedule of Rollforward of Film

Schedule of Rollforward of Film and Television Programming Rights (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Film And Television Programming Rights Net
Beginning balance	$ 1,501
Expenditures on in-process projects	511
Acquisition of distribution rights	8,267
Amortization of film and programming rights	(1,980)
In process projects asumed in conneciton with acquisition of Unbounded	10
Adjustment to fair value of warrant issued to Landmark	(104)
Ending balance	$ 8,205

Schedule of Balance Sheets (Det

Schedule of Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Cash	$ 1,600
Total assets	67,480	$ 71,753
Debt	5,177	5,267
Equity	36,165	46,698
Total liabilities and stockholders’ equity	67,480	$ 71,753
Safehaven 2022 [Member]
Cash	51
Television programming rights	6,686
Other assets	29
Total assets	6,766
Accounts payable and accrued expenses	3,901
Due to Strong Studios	1,491
Debt	404
Equity	970
Total liabilities and stockholders’ equity	$ 6,766

Film and Television Programmi_3

Film and Television Programming Rights, Net (Details Narrative) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended	9 Months Ended
	Mar. 31, 2022	Jun. 30, 2023	Sep. 30, 2023	Sep. 30, 2022	Jun. 23, 2023	Dec. 31, 2022	Jun. 30, 2022
Gross receipts			$ (198)	$ 2,000
Intellectual property			12,247			$ 12,649
Accrued participation costs			3,426
Ravenwood Productions LLC [Member]
Proceeds from Bank Debt		$ 6,400
Subsidiary, ownership percentage, parent		75%
Safehaven, Inc [Member]
Subsidiary, ownership percentage, parent		25%
Minimum [Member]
Management commission payment percentage		7%
Maximum [Member]
Management commission payment percentage		20%
Gross receipts percentage		32.50%
Safehaven, Inc [Member]
Ownership percentage		100%					49%
Safehaven, Inc [Member] | Minimum [Member]
Ownership percentage		49%			49%
Safehaven, Inc [Member] | Maximum [Member]
Ownership percentage		100%			100%
Unbounded Services, LLC [Member]
Ownership percentage							51%
SafehavenMember
Asset acquisition consideration amount			6,500
Flagrant [Member]
Asset acquisition consideration amount			2,500
Safehaven, Inc [Member]
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
Safehaven, Inc [Member] | Maximum [Member]
Gross receipts			$ 400
Three Projects [Member]
Acquisition price	$ 1,700
Project One [Member] | SafehavenMember
Acquisition price	1,000
Project One [Member] | Flagrant [Member]
Acquisition price	300
Project One [Member] | Shadows [Member]
Acquisition price	400
Landmark Studio Group LLC [Member] | Four Separate Payments [Member]
Business combination consideration	1,700
Landmark Studio Group LLC [Member] | Upon Closing Transaction [Member]
Business combination consideration	$ 300
Strong Studios Inc [Member]
Warrants to purchase shares	150,000

Summary of Changes in Carrying

Summary of Changes in Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, beginning balance	$ 882
Acquisition of Unbounded	1,166
Foreign currency translation adjustment	1
Goodwill, ending balance	$ 2,049

Schedule of Accrued Expense (De

Schedule of Accrued Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Employee-related	$ 1,497	$ 1,428
Warranty obligation	303	309
Interest and taxes	192	671
Legal and professional fees	385	725
Accrued participation costs	3,426
Film and television programming rights	875	1,709
Other	885	325
Total	$ 7,563	$ 5,167

Schedule of Short term and Long

Schedule of Short term and Long term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Total short-term debt	$ 5,224	$ 2,510
Less: deferred debt issuance costs, net	(18)
Total short-term debt, net of issuance costs	5,206	2,510
Total long-term debt	5,177	5,267
Less: current portion	(222)	(216)
Less: deferred debt issuance costs, net	(39)	(47)
Long-term debt, net of current portion and deferred debt issuance costs, net	4,916	5,004
Tenant Improvement Loan [Member]
Short-Term Debt [Line Items]
Total long-term debt	135	162
Unbounded Credit Facility [Member]
Short-Term Debt [Line Items]
Total long-term debt	71
Digital Ignition Building Loan [Member]
Short-Term Debt [Line Items]
Total long-term debt	4,971	5,105
Installment Loan [Member]
Short-Term Debt [Line Items]
Total short-term debt	2,189	2,289
Equipment Loan [Member]
Short-Term Debt [Line Items]
Total short-term debt		221
Revolving Credit Facility [Member]
Short-Term Debt [Line Items]
Total short-term debt	2,293
Safehaven Production Debt [Member]
Short-Term Debt [Line Items]
Total short-term debt	404
Insurance Note Payable [Member]
Short-Term Debt [Line Items]
Total short-term debt	$ 338

Schedule of Short term and Lo_2

Schedule of Short term and Long term Debt (Details) (Parenthetical)	1 Months Ended	9 Months Ended	12 Months Ended
	Jan. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Loan term	5 years
Demand Credit Agreement [Member] | Installment Loan [Member]
Short-Term Debt [Line Items]
Loan term		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	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Remainder of 2023	$ 55
2024	224
2025	306
2026	245
2027	4,347
Thereafter
Total	5,177	$ 5,267
Tenant Improvement Loan [Member]
Debt Instrument [Line Items]
Remainder of 2023	9
2024	37
2025	40
2026	42
2027	7
Thereafter
Total	135	162
Digital Ignition Building Loan [Member]
Debt Instrument [Line Items]
Remainder of 2023	46
2024	187
2025	195
2026	203
2027	4,340
Thereafter
Total	4,971	$ 5,105
Unbounded Credit Faciltiy [Member]
Debt Instrument [Line Items]
Remainder of 2023
2024
2025	71
2026
2027
Thereafter
Total	$ 71

Debt (Details Narrative)

Debt (Details Narrative) $ in Thousands, $ in Millions

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2023 USD ($)

Feb. 01, 2022 USD ($)

Sep. 05, 2017 CAD ($)

Jul. 31, 2023 USD ($)

Jan. 31, 2023 CAD ($)

Sep. 30, 2023 USD ($)

Sep. 30, 2022 USD ($)

Mar. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Sep. 30, 2023 USD ($)

Sep. 30, 2022 USD ($)

Dec. 31, 2022 USD ($)

Sep. 30, 2023 CAD ($)

Jun. 30, 2023 USD ($)

May 31, 2023 CAD ($)

Apr. 01, 2023 USD ($)

Debt Instrument [Line Items]

Debt instrument, term

5 years

Borrowings principal outstanding

$ 5,206

$ 5,206

$ 5,206

$ 2,510

Lease cost

127

$ 53

328

$ 177

Build-out cost incurred

38

$ 36

111

$ 160

Long term debt

5,177

5,177

$ 5,177

$ 5,267

20-year Installment Loan [Member]

Debt Instrument [Line Items]

Debt instrument, term

20 years

Borrowings principal outstanding

$ 2,200

2,200

$ 2,200

$ 3

Variable interest rate

8.20%

Tenant Improvement Loan [Member]

Debt Instrument [Line Items]

Lease cost

$ 400

Buildout cost funded percentage

50%

Build-out cost incurred

$ 200

$ 200

Build-out costs funded by landlord

$ 100

$ 100

Unbounded Credit Facility [Member]

Debt Instrument [Line Items]

Line of credit facility maximum borrowing capacity

$ 300

Unbounded Credit Facility [Member] | Prime Rate [Member]

Debt Instrument [Line Items]

Debt instrument basis spread on variable rate

8.50%

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%

Demand Credit Agreement [Member] | Installment Loan [Member]

Debt Instrument [Line Items]

Debt instrument, term

20 years

20 years

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

2023 Credit Agreement [Member] | Prime Rate [Member]

Debt Instrument [Line Items]

Debt instrument basis spread on variable rate

1%

2023 Credit Agreement [Member] | Installment Loan [Member]

Debt Instrument [Line Items]

Line of credit facility maximum borrowing capacity

$ 3.1

Debt instrument, term

20 years

2023 Credit Agreement [Member] | Installment Loan [Member] | Prime Rate [Member]

Debt Instrument [Line Items]

Debt instrument basis spread on variable rate

0.50%

Loan and Security Agreement [Member] | Safehaven, Inc [Member]

Debt Instrument [Line Items]

Borrowings for production costs incurred

$ 9,900

Loan and Security Agreement [Member] | Ravenhood [Member]

Debt Instrument [Line Items]

Production debt paid

$ 6,400

Working capital advances

$ 400

400

$ 400

Line of Credit [Member] | Demand Credit Agreement [Member]

Debt Instrument [Line Items]

Line of credit facility maximum borrowing capacity

$ 3.5

Line of Credit [Member] | 2023 Credit Agreement [Member]

Debt Instrument [Line Items]

Line of credit facility maximum borrowing capacity

$ 5

$ 3.4

Line of credit outstanding

$ 2,300

$ 2,300

$ 2,300

$ 3.1

Line of credit interest rate

8.20%

8.20%

8.20%

8.20%

Schedule of Lease Costs and Oth

Schedule of Lease Costs and Other Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases
Amortization of right-of-use assets	$ 53	$ 3	$ 123	$ 6
Interest on lease liabilities	22	1	49	2
Operating lease cost	38	36	111	160
Short-term lease cost	14	13	45	41
Sublease income				(32)
Net lease cost	127	53	328	177
Operating cash flows from finance leases	22	1	49	2
Operating cash flows from operating leases	33	29	98	170
Financing cash flows from finance leases	40	3	106	5
Right-of-use assets obtained in exchange for new finance lease liabilities	200		510	68
Right-of-use assets obtained in exchange for new operating lease liabilities		$ 97		$ 97
Weighted-average remaining lease term - finance leases (years)		1 year 3 months 18 days		1 year 3 months 18 days
Weighted-average remaining lease term - operating leases (years)		3 years 1 month 6 days		3 years 1 month 6 days
Weighted-average discount rate finance leases		5.10%		5.10%
Weighted-average discount rate operating leases		3.90%		3.90%

Schedule of Future Minimum Leas

Schedule of Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Leases
Operating lease Remainder of 2023	$ 33
Finance lease Remainder of 2023	75
Operating lease 2024	101
Finance lease 2024	300
Operating lease 2025	79
Finance lease 2025	548
Operating lease 2026	81
Finance lease 2026	308
Operating lease 2027	14
Finance lease 2027	5
Operating lease Thereafter
Finance lease Thereafter
Operating lease, Total lease payments	308
Finance lease, Total lease payments	1,236
Operating lease, Less: Amount representing interest	(22)
Finance lease, Less: Amount representing interest	(169)
Operating lease, Present value of lease payments	286
Finance lease, Present value of lease payments	1,067
Operating lease, Less: Current maturities	(104)	$ (116)
Finance lease, Less: Current maturities	(216)	(117)
Operating lease, Lease obligations, net of current portion	182	257
Finance lease, Lease obligations, net of current portion	$ 851	$ 550

Leases (Details Narrative)

Leases (Details Narrative)	9 Months Ended
	Sep. 30, 2023
Leases
Operating and finance lease, expire term	expiring through 2027

Income and Other Taxes (Details

Income and Other Taxes (Details Narrative)	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Effective tax rate	18.90%

Schedule of Fair Value Valuatio

Schedule of Fair Value Valuation Model (Details)	9 Months Ended
	Sep. 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	9 Months Ended	12 Months Ended
	Sep. 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) outstanding	5 years 4 months 24 days	5 years 7 months 6 days
Aggregate intrinsic value, beginning balance	$ 127
Number of options, granted	107,500
Weighted average exercise price per share, granted	$ 1.96
Number of options, exercised
Number of options, forfeited	(18,000)
Weighted average exercise price per share, forfeited	$ 1.99
Number of options, expired
Number of options, outstanding ending balance	729,000	639,500
Weighted average exercise price per share, outstanding ending balance	$ 3.51	$ 3.72
Aggregate intrinsic value, ending balance	$ 8,080	$ 127
Number of options, exercisable	532,500
Weighted average exercise price per share, exercisable	$ 4.06
Weighted average remaining contractual term (years), exercisable	4 years 6 months
Aggregate intrinsic value, exercisable	$ 3,520

Summary of Restricted Stock Act

Summary of Restricted Stock Activity (Details) - Restricted Stock Units (RSUs) [Member]	9 Months Ended
	Sep. 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	541,039
Weighted average grant date fair value, granted | $ / shares	$ 1.95
Number of restricted stock, shares vested	(228,599)
Weighted average grant date fair value, vested | $ / shares	$ 2.10
Number of restricted stock, shares forfeited
Number of restricted stock, non-vested ending balance	519,374
Weighted average grant date fair value, non-vested ending balance | $ / shares	$ 1.93

Stock Compensation (Details Nar

Stock Compensation (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 17, 2019
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Consolidated stock-based compensation expense			$ 1,415	$ 511
Common stock granted			107,500
weighted average grant per share			$ 1.96
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock granted			107,500
weighted average grant per share			$ 1.16
Stock option non vested	196,500		196,500
Unrecognized compensation cost	$ 200		$ 200
Unrecognized compensation cost, recoginition period			2 years 1 month 6 days
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation cost	$ 800		$ 800
Unrecognized compensation cost, recoginition period			2 years
2017 Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares authorized for issuance					1,975,000
Number of shares available for grant	1.7		1.7
Strong Global Entertainment [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Consolidated stock-based compensation expense	$ 100		$ 800
Selling, General and Administrative Expenses [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	$ 400	$ 100	$ 1,400	$ 500

Commitments, Contingencies an_2

Commitments, Contingencies and Concentrations (Details Narrative) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Oct. 31, 2023
Product Information [Line Items]
Loss contingency	$ 300
Payments to litigation	$ 53
Insurance claims		$ 2,500
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Top Ten Customers [Member]
Product Information [Line Items]
Concentration risk, percentage	42%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Top Ten Customers [Member]
Product Information [Line Items]
Concentration risk, percentage	43%
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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Total net revenues	$ 11,094	$ 10,274	$ 39,226	$ 29,442
Total gross profit	3,106	2,740	13,033	7,670
Total segment operating income	81	698	736	1,318
Unallocated administrative expenses	(823)	(990)	(3,022)	(3,258)
Loss from operations	(742)	(292)	(2,286)	(1,940)
Other expense, net	(1,016)	(864)	(6,102)	(3,788)
Loss before income taxes and equity method holding loss	(1,758)	(1,156)	(8,388)	(5,728)
Strong Entertainment [Member]
Segment Reporting Information [Line Items]
Total net revenues	10,920	9,904	38,709	28,446
Total gross profit	2,822	2,371	12,351	6,674
Total segment operating income	183	732	1,112	1,522
Other Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	174	370	517	996
Total gross profit	284	369	682	996
Total segment operating income	$ (102)	$ (34)	$ (376)	$ (204)

Reconciliation of Assets from S

Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total	$ 67,480	$ 71,753
Strong Entertainment [Member]
Segment Reporting Information [Line Items]
Total	31,183	35,392
Corporate Assets [Member]
Segment Reporting Information [Line Items]
Total	$ 36,297	$ 36,361

Schedule of Segment Reporting_2

Schedule of Segment Reporting Information by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	$ 11,094	$ 10,274	$ 39,226	$ 29,442
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	8,553	8,780	34,360	25,403
CANADA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	336	391	756	1,264
CHINA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total		48	22	327
MEXICO
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	80	12	145	19
Latin America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	216	97	488	317
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	533	525	1,100	790
Asia (Excluding China) [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	1,131	142	1,716	573
Other Countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	$ 245	$ 279	$ 639	$ 749

Summary of Identifiable Assets

Summary of Identifiable Assets by Geographical Area (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	$ 67,480	$ 71,753
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	38,946	51,423
CANADA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	$ 28,534	$ 20,330

Subsequent Event (Details Narra

Subsequent Event (Details Narrative) - USD ($) $ in Thousands		9 Months Ended
	Nov. 03, 2023	Sep. 30, 2023	Sep. 30, 2022
Subsequent Event [Line Items]
Cash paid for purchase price		$ 306	$ 858
Subsequent Event [Member] | Strong Global Entertainment [Member] | Innovative Cinema Solutions LLC [Member]
Subsequent Event [Line Items]
Cash paid for purchase price	$ 200
Class A voting common shares issued	200
Promissory note issued	$ 500