10-K Filing

GAIA, INC CIK: 1089872 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001564590-19-006049`
Period End Date	20181231
Filing Date	20190304
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	gaia-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 73 Cash Flow Statement 56 Stockholders Equity 19

Balance Sheet 39 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$32.78M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$29.96M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.33M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.05M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.08M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$34.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$36.91M	USD	Point-in-time
Building and land, net	`BuildingAndLandNet`	$21.69M	USD	Point-in-time
Building and land, net	`BuildingAndLandNet`	$17.03M	USD	Point-in-time
Media library, software and equipment, net	`MediaLibrarySoftwareAndEquipmentNet`	$27.62M	USD	Point-in-time
Media library, software and equipment, net	`MediaLibrarySoftwareAndEquipmentNet`	$20.39M	USD	Point-in-time
Goodwill	`Goodwill`	$10.61M	USD	Point-in-time
Goodwill	`Goodwill`	$10.61M	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$12.74M	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$12.04M	USD	Point-in-time
Total assets	`Assets`	$96.98M	USD	Point-in-time
Total assets	`Assets`	$107.15M	USD	Point-in-time
Accounts payable, accrued and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.35M	USD	Point-in-time
Accounts payable, accrued and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.99M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$3.32M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$5.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.66M	USD	Point-in-time
Line of credit	`LineOfCredit`	$12.50M	USD	Point-in-time
Line of credit	`LineOfCredit`	$12.50M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$164.00K	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$663.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$25.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$20.83M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$100.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$139.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-58.20M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.47M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.15M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.54M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$107.15M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$96.98M	USD	Point-in-time

Income Statement 73 line items

Line Item	Tag	Value	Unit	Period
Total net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$8.43M	USD	1 Quarter
Total net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$11.39M	USD	1 Quarter
Total net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.56M	USD	1 Quarter
Total net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.46M	USD	1 Quarter
Total net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$9.62M	USD	1 Quarter
Total net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$12.38M	USD	1 Quarter
Total net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.78M	USD	1 Quarter
Total net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$43.84M	USD	Annual
Total net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.52M	USD	1 Quarter
Total net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$28.29M	USD	Annual
Total cost of revenues	`CostOfGoodsAndServicesSold`	$5.71M	USD	Annual
Total cost of revenues	`CostOfGoodsAndServicesSold`	$3.93M	USD	Annual
Gross profit	`GrossProfit`	$38.14M	USD	Annual
Gross profit	`GrossProfit`	$24.36M	USD	Annual
Gross profit	`GrossProfit`	$7.27M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.96M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.08M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.34M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.49M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.65M	USD	1 Quarter
Selling and operating	`SellingExpense`	$68.32M	USD	Annual
Selling and operating	`SellingExpense`	$43.98M	USD	Annual
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$5.91M	USD	Annual
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$5.53M	USD	Annual
Total operating expenses	`OperatingExpenses`	$74.23M	USD	Annual
Total operating expenses	`OperatingExpenses`	$49.50M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-7.88M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-36.09M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-10.45M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-25.14M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-6.51M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-11.26M	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncome`	$515.00K	USD	Annual
Interest and other income, net	`OtherNonoperatingIncome`	$355.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-24.63M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-35.74M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.94M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-925.00K	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-6.18M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-33.79M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-5.58M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-6.31M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-23.70M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-5.63M	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$429.00K	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$429.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-23.27M	USD	Annual
Net loss	`NetIncomeLoss`	$-33.79M	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-1.57	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-1.96	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.03	USD	Annual
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.35	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.39	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.42	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.34	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-1.54	USD	Annual
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.58	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-1.96	USD	Annual
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.41	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.62	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.37	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.16M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.89M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.36M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.16M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.16M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.89M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.26M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.15M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.89M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.17M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-6.35M	USD	1 Quarter
Net loss	`ProfitLoss`	$-11.08M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.58M	USD	1 Quarter
Net loss	`ProfitLoss`	$-6.04M	USD	1 Quarter
Net loss	`ProfitLoss`	$-33.79M	USD	Annual
Net loss	`ProfitLoss`	$-6.18M	USD	1 Quarter
Net loss	`ProfitLoss`	$-23.27M	USD	Annual
Net loss	`ProfitLoss`	$-10.33M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.21M	USD	1 Quarter
Net loss	`ProfitLoss`	$-6.31M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$429.00K	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$429.00K	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-6.18M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-33.79M	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-5.58M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-6.31M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-23.70M	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-5.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.99M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$4.90M	USD	Annual
Share-based compensation expense	`AllocatedShareBasedCompensationExpense`	$1.83M	USD	Annual
Share-based compensation expense	`AllocatedShareBasedCompensationExpense`	$1.65M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$501.00K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$279.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.42M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$811.00K	USD	Annual
Accounts payable, accrued liabilities, and deferred taxes	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndDeferredTaxes`	$3.15M	USD	Annual
Accounts payable, accrued liabilities, and deferred taxes	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndDeferredTaxes`	$-1.78M	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$1.71M	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$882.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.79M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.39M	USD	Annual
Additions to property, equipment and media library	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.86M	USD	Annual
Additions to property, equipment and media library	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.51M	USD	Annual
Additions to intangible assets	`PaymentsToAcquireIntangibleAssets`	$500.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.01M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.86M	USD	Annual
Net proceeds from issuance of stock	`ProceedsFromIssuanceOrSaleOfEquity`	$54.00K	USD	Annual
Net proceeds from issuance of stock	`ProceedsFromIssuanceOrSaleOfEquity`	$37.43M	USD	Annual
Drawdowns on line of credit	`ProceedsFromLinesOfCredit`	$12.50M	USD	Annual
Drawdowns on line of credit	`ProceedsFromLinesOfCredit`	$12.50M	USD	Annual
Repayments on line of credit	`RepaymentsOfLinesOfCredit`	$12.50M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.55M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.43M	USD	Annual
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.81M	USD	Annual
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-21.25M	USD	Annual
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$29.96M	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$32.78M	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$54.03M	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$29.96M	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$32.78M	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$54.03M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$59.00K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$10.00K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$69.00K	USD	Annual
Deferred tax asset impact on APIC	`DeferredTaxAssetImpactOnAdditionalPaidInCapital`	$77.00K	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.47M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.15M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.54M	USD	Point-in-time
Cumulative effect adjustment of ASU 2016-09	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$77.00K	USD	Annual
Issuance of Gaia, Inc. common stock including for stock option exercises and share-based compensation, net of tax	`StockIssuedDuringPeriodValueStockOptionsExercisedAndSharesBasedCompensationNetOfTax`	$39.11M	USD	Annual
Issuance of Gaia, Inc. common stock including for stock option exercises and share-based compensation, net of tax	`StockIssuedDuringPeriodValueStockOptionsExercisedAndSharesBasedCompensationNetOfTax`	$1.81M	USD	Annual
Net loss	`ProfitLoss`	$-6.35M	USD	1 Quarter
Net loss	`ProfitLoss`	$-11.08M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.58M	USD	1 Quarter
Net loss	`ProfitLoss`	$-6.04M	USD	1 Quarter
Net loss	`ProfitLoss`	$-33.79M	USD	Annual
Net loss	`ProfitLoss`	$-6.18M	USD	1 Quarter
Net loss	`ProfitLoss`	$-23.27M	USD	Annual
Net loss	`ProfitLoss`	$-10.33M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.21M	USD	1 Quarter
Net loss	`ProfitLoss`	$-6.31M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.47M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.15M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.54M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.