10-Q Filing

GAIA, INC CIK: 1089872 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-035582`
Period End Date	20200630
Filing Date	20200803
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	gaia-10q_20200630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 62 Cash Flow Statement 49 Stockholders Equity 24

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.46M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.49M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.62M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.31M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.44M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.25M	USD	Point-in-time
Building and land, net	`BuildingAndLandNet`	$22.68M	USD	Point-in-time
Building and land, net	`BuildingAndLandNet`	$22.35M	USD	Point-in-time
Media library, software and equipment, net	`MediaLibrarySoftwareAndEquipmentNet`	$36.92M	USD	Point-in-time
Media library, software and equipment, net	`MediaLibrarySoftwareAndEquipmentNet`	$38.58M	USD	Point-in-time
Goodwill	`Goodwill`	$17.29M	USD	Point-in-time
Goodwill	`Goodwill`	$17.29M	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$13.12M	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$13.03M	USD	Point-in-time
Total assets	`Assets`	$106.17M	USD	Point-in-time
Total assets	`Assets`	$104.18M	USD	Point-in-time
Accounts payable, accrued and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.10M	USD	Point-in-time
Accounts payable, accrued and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.59M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$12.32M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$8.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.42M	USD	Point-in-time
Long-term debt, net	`LongTermDebt`	$18.43M	USD	Point-in-time
Long-term debt, net	`LongTermDebt`	$16.75M	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxLiabilitiesNet`	$206.00K	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxLiabilitiesNet`	$276.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$37.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$37.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$149.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$145.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-82.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-76.35M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$68.91M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.88M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$66.73M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.92M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.47M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$75.33M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$104.18M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$106.17M	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$13.16M	USD	1 Quarter
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$30.66M	USD	2 Qtrs
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$16.15M	USD	1 Quarter
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$25.63M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$2.08M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$3.38M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$1.78M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$3.98M	USD	2 Qtrs
Gross profit	`GrossProfit`	$11.38M	USD	1 Quarter
Gross profit	`GrossProfit`	$14.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$26.68M	USD	2 Qtrs
Gross profit	`GrossProfit`	$22.25M	USD	2 Qtrs
Selling and operating	`SellingExpense`	$14.17M	USD	1 Quarter
Selling and operating	`SellingExpense`	$28.88M	USD	2 Qtrs
Selling and operating	`SellingExpense`	$14.42M	USD	1 Quarter
Selling and operating	`SellingExpense`	$29.89M	USD	2 Qtrs
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$1.49M	USD	1 Quarter
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$3.29M	USD	2 Qtrs
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$3.09M	USD	2 Qtrs
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$1.87M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.29M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$32.16M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$32.98M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$15.67M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.22M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.29M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.49M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-10.73M	USD	2 Qtrs
Interest and other expense, net	`OtherNonoperatingIncomeExpense`	$-305.00K	USD	1 Quarter
Interest and other expense, net	`OtherNonoperatingIncomeExpense`	$-551.00K	USD	2 Qtrs
Interest and other expense, net	`OtherNonoperatingIncomeExpense`	$-159.00K	USD	2 Qtrs
Interest and other expense, net	`OtherNonoperatingIncomeExpense`	$-196.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.04M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.48M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.89M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.52M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$42.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$69.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$42.00K	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-10.94M	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-4.53M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-6.11M	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.52M	USD	1 Quarter
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$57.00K	USD	1 Quarter
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-258.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.47M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.52M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.11M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-11.19M	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.25	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.61	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.13	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.33	USD	2 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	2 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.25	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.33	USD	2 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.62	USD	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.92M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.84M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.66M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.94M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-6.11M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-3.58M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.52M	USD	1 Quarter
Net loss	`ProfitLoss`	$-11.19M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-6.73M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.47M	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$57.00K	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-258.00K	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-10.94M	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-4.53M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-6.11M	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.36M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.02M	USD	2 Qtrs
Share-based compensation expense	`AllocatedShareBasedCompensationExpense`	$1.53M	USD	2 Qtrs
Share-based compensation expense	`AllocatedShareBasedCompensationExpense`	$1.11M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$744.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$307.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$497.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-391.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$720.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.96M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$670.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$4.29M	USD	2 Qtrs
Net cash provided by (used in) operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-5.32M	USD	2 Qtrs
Net cash provided by (used in) operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.86M	USD	2 Qtrs
Net cash provided by operating activities - discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$76.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.86M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.24M	USD	2 Qtrs
Acquisitions, net of cash acquired, and purchases of intangible assets	`AcquisitionsNetOfCashAcquiredAndPurchasesOfIntangibleAssets`	$1.57M	USD	2 Qtrs
Additions to media library, property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.76M	USD	2 Qtrs
Additions to media library, property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.08M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.08M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.34M	USD	2 Qtrs
Repayments on line of credit	`RepaymentsOfLinesOfCredit`	$12.50M	USD	2 Qtrs
Proceeds from issuance of term mortgage, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$16.59M	USD	2 Qtrs
Proceeds from the issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$181.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.09M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$181.00K	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.04M	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.49M	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$29.96M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.48M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.49M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.46M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$29.96M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.48M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.49M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.46M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$68.91M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.88M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$66.73M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.92M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.47M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$75.33M	USD	Point-in-time
Issuance of Gaia, Inc. common stock for RSU releases, stock option exercises and share-based compensation	`StockIssuedDuringPeriodValueRSUReleasedStockOptionsExercisedAndSharesBasedCompensation`	$585.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for RSU releases, stock option exercises and share-based compensation	`StockIssuedDuringPeriodValueRSUReleasedStockOptionsExercisedAndSharesBasedCompensation`	$594.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for RSU releases, stock option exercises and share-based compensation	`StockIssuedDuringPeriodValueRSUReleasedStockOptionsExercisedAndSharesBasedCompensation`	$410.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for RSU releases, stock option exercises and share-based compensation	`StockIssuedDuringPeriodValueRSUReleasedStockOptionsExercisedAndSharesBasedCompensation`	$515.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock asset acquisition and business combination	`StockIssuedDuringPeriodValueAcquisitions`	$3.50M	USD	1 Quarter
Issuance of Gaia, Inc. common stock for note conversion and business combination	`StockIssuedDuringPeriodValueNoteConversionAndBusinessCombination`	$2.93M	USD	1 Quarter
Net loss	`ProfitLoss`	$-6.11M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-3.58M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.52M	USD	1 Quarter
Net loss	`ProfitLoss`	$-11.19M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-6.73M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.47M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$68.91M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.88M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$66.73M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.92M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.47M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$75.33M	USD	Point-in-time

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