32 results
10-K
2023 FY
Chosen, LLC
1 Apr 24
Annual report
5:26pm
| | | | | | |
| Year ended December 31, | |||||
| | 2023 | | 2022 | ||
Balance, beginning of year | | $ | — | | $ | — |
Increases in tax positions for prior years | | 349 | | — | ||
Increases in tax positions for current years | | — | | — | ||
Decreases in tax positions for prior years | | — | | — | ||
Decreases in tax positions for current years | | — | | — |
10-K
2023 FY
Chosen, LLC
1 Apr 24
Annual report
5:26pm
| | | | | | |
| As of December 31, | |||||
| | 2023 | | 2022 | ||
Right-of-use assets (1) | | | | | ||
Operating leases | | $ | 891 | | $ | 889 |
Finance leases | | — | | 86 | ||
Total right-of-use assets | | $ | 891 | | $ | 975 |
| | | | | | |
Short-term lease liabilities (2) | | | ||||
Operating leases | | $ | 359 | | $ | 533 |
Finance leases | | — | | 19 | ||
| | $ | 359 | | $ | 552 |
Long-term lease liabilities (3) | | | ||||
Operating leases | | $ | 368 | | $ | 338 |
Finance leases | | — | | 68 | ||
| | $ | 368 | | $ | 406 |
| | | | | | |
Total lease liabilities | | $ | 727 | | $ | 958 |
10-K
2023 FY
Chosen, LLC
1 Apr 24
Annual report
5:26pm
Operating leases | | 2.32 years | | 2.44 years | | ||
Finance leases | | — | | 4.33 years | | ||
| | | | | | | |
Weighted average discount rate: | | | | ||||
Operating leases | | 3.07 | | % | 4.71 | % | |
Finance leases | | 0 | | % | 4.26 | % |
10-K
2023 FY
Chosen, LLC
1 Apr 24
Annual report
5:26pm
The following summary of our consolidated results of operations should be read in conjunction with our audited consolidated financial statements, and related notes, included herein.
| | | | | | | | | | | | | ||||||||||||
| Year Ended December 31, | | Change | | ||||||||||||||||||||
| | 2023 | | 2022 | | 2023 vs. 2022 | | |||||||||||||||||
| (in thousands, except percentages) | | ||||||||||||||||||||||
Revenues: | | | | | ||||||||||||||||||||
Licensed content and merchandise revenues | | $ | 51,944 | | $ | 27,891 | | $ | 24,053 | 86 | % | |||||||||||||
Contribution revenues | | 28,985 | | 2,641 | | 26,344 | 998 | % | ||||||||||||||||
Total revenues | | 80,929 | | 30,532 | | 50,397 | 165 | % | ||||||||||||||||
| | | | | | | | | | | | | ||||||||||||
Cost of revenues | | 22,056 | | 7,603 | | 14,453 | 190 | % | ||||||||||||||||
Distribution and marketing | | 21,778 | | 5,772 | | 16,006 | 277 | % | ||||||||||||||||
Amortization of film costs | | 13,290 | | 5,144 | | 8,146 | 158 | % | ||||||||||||||||
Depreciation and amortization | | 8,897 | | 3,218 | | 5,679 | 176 | % | ||||||||||||||||
General and administrative | | 25,330 | | 11,611 | | 13,719 | 118 | % | ||||||||||||||||
Net operating income (loss) | | (10,422) | | (2,816) | | (7,606) | 270 | % | ||||||||||||||||
Interest income | | 2,799 | | 153 | | 2,646 | 1,729 | % | ||||||||||||||||
Interest expense | | (3,279) | | (178) | | (3,101) | 1,742 | % | ||||||||||||||||
Other income (expense) | | (184) | | — | | (184) | 100 | % | ||||||||||||||||
Net income (loss) before income taxes | | (11,086) | | (2,841) | | (8,245) | 290 | % | ||||||||||||||||
Benefit (provision) for income taxes | | 2,129 | | 246 | | 1,883 | 765 | % | ||||||||||||||||
Net income (loss) | | $ | (8,957) | | $ | (2,595) | | $ | (6,362) | 245 | % |
10-K
2023 FY
Chosen, LLC
1 Apr 24
Annual report
5:26pm
| | | | | | |
| Year Ended December 31, | |||||
| | 2023 | 2022 | |||
Revenues: | | | ||||
Licensed content and merchandise revenues | | $ | 51,944 | | $ | 27,891 |
Contribution revenues | | 28,985 | | 2,641 | ||
Total revenues | | 80,929 | | 30,532 | ||
| | | | | | |
Cost of revenues | | 22,056 | | 7,603 | ||
Distribution and marketing | | 21,778 | | 5,772 | ||
Amortization of film costs | | 13,290 | | 5,144 | ||
Depreciation and amortization | | 8,897 | | 3,218 | ||
General and administrative | | 25,330 | | 11,611 | ||
Net operating income (loss) | | (10,422) | | (2,816) | ||
Interest income | | | 2,799 | | | 153 |
Interest expense | | (3,279) | | (178) | ||
Other income (expense) | | (184) | | — | ||
Net income (loss) before income taxes | | (11,086) | | (2,841) | ||
Benefit (provision) for income taxes | | 2,129 | | 246 | ||
Net income (loss) | | (8,957) | | (2,595) | ||
Net loss attributable to noncontrolling interest | | 5,388 | | 1,812 | ||
Net income (loss) attributable to The Chosen, Inc. | | $ | (3,569) | | $ | (783) |
Less: | | | | | ||
Dividends declared to Series A Preferred Stockholders | | — | | 13,428 | ||
Net income (loss) attributable to Common Stock/Common Units | | $ | (3,569) | | $ | (14,211) |
Earnings (loss) per Common Stock/Common Units, basic and diluted(1) | | $ | (0.28) | | $ | (1.86) |
Weighted average Common Stock/Common Units outstanding, basic, and diluted(1) | | 12,545 | | 7,629 |
10-K
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