10-Q Filing

GAIA, INC CIK: 1089872 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-039806`
Period End Date	20210630
Filing Date	20210802
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	gaia-10q_20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 57 Cash Flow Statement 39 Stockholders Equity 23

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.74M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.61M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.83M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.02M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.38M	USD	Point-in-time
Media library, software and equipment, net	`MediaLibrarySoftwareAndEquipmentNet`	$39.23M	USD	Point-in-time
Media library, software and equipment, net	`MediaLibrarySoftwareAndEquipmentNet`	$41.06M	USD	Point-in-time
Right-of-use lease asset, net	`OperatingLeaseRightOfUseAsset`	$8.25M	USD	Point-in-time
Right-of-use lease asset, net	`OperatingLeaseRightOfUseAsset`	$8.62M	USD	Point-in-time
Real estate, investment and other assets, net	`RealEstateInvestmentAndOtherNoncurrentAssetsNet`	$29.32M	USD	Point-in-time
Real estate, investment and other assets, net	`RealEstateInvestmentAndOtherNoncurrentAssetsNet`	$28.50M	USD	Point-in-time
Goodwill	`Goodwill`	$17.29M	USD	Point-in-time
Goodwill	`Goodwill`	$17.29M	USD	Point-in-time
Total assets	`Assets`	$110.02M	USD	Point-in-time
Total assets	`Assets`	$114.14M	USD	Point-in-time
Accounts payable, accrued and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.95M	USD	Point-in-time
Accounts payable, accrued and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.70M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$14.72M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$12.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.42M	USD	Point-in-time
Long-term mortgage, net	`LongTermDebt`	$6.18M	USD	Point-in-time
Long-term mortgage, net	`LongTermDebt`	$6.25M	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$7.60M	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$7.95M	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxLiabilitiesNet`	$257.00K	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxLiabilitiesNet`	$257.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$37.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$35.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$151.52M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$150.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-75.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-74.83M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$68.91M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.92M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.23M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.69M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$75.28M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$66.73M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$110.02M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$114.14M	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$30.66M	USD	2 Qtrs
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$16.15M	USD	1 Quarter
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$19.44M	USD	1 Quarter
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$38.34M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$4.95M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$2.08M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$2.51M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$3.98M	USD	2 Qtrs
Gross profit	`GrossProfit`	$14.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$33.39M	USD	2 Qtrs
Gross profit	`GrossProfit`	$16.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$26.68M	USD	2 Qtrs
Selling and operating	`SellingExpense`	$14.42M	USD	1 Quarter
Selling and operating	`SellingExpense`	$14.74M	USD	1 Quarter
Selling and operating	`SellingExpense`	$29.28M	USD	2 Qtrs
Selling and operating	`SellingExpense`	$28.88M	USD	2 Qtrs
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$1.50M	USD	1 Quarter
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$1.87M	USD	1 Quarter
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$3.29M	USD	2 Qtrs
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$3.00M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$16.29M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.24M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$32.16M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$32.27M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-5.49M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$695.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$1.12M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-2.22M	USD	1 Quarter
Interest and other expense, net	`OtherNonoperatingIncomeExpense`	$-551.00K	USD	2 Qtrs
Interest and other expense, net	`OtherNonoperatingIncomeExpense`	$-118.00K	USD	2 Qtrs
Interest and other expense, net	`OtherNonoperatingIncomeExpense`	$-305.00K	USD	1 Quarter
Interest and other expense, net	`OtherNonoperatingIncomeExpense`	$-52.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.00M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.52M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.04M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$643.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$69.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$643.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-6.11M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.00M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.52M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.05	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.33	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.33	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	18.84M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.23M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	18.66M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.27M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.66M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.84M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.81M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.79M	shares	2 Qtrs

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$643.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-3.58M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-6.11M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$358.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-2.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.33M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.02M	USD	2 Qtrs
Share-based compensation expense	`AllocatedShareBasedCompensationExpense`	$703.00K	USD	2 Qtrs
Share-based compensation expense	`AllocatedShareBasedCompensationExpense`	$1.53M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$804.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$307.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-87.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-391.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-226.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.96M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$2.35M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$4.29M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.44M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.86M	USD	2 Qtrs
Additions to media library, property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.98M	USD	2 Qtrs
Additions to media library, property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.08M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.98M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.08M	USD	2 Qtrs
Repayment of debt	`RepaymentsOfSecuredDebt`	$79.00K	USD	2 Qtrs
Proceeds from the issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$181.00K	USD	2 Qtrs
Proceeds from the issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$752.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$181.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$673.00K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.04M	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.13M	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$13.74M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.46M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.49M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.61M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$13.74M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.46M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.49M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.61M	USD	Point-in-time

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$68.91M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.92M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.23M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.69M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$75.28M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$66.73M	USD	Point-in-time
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan, stock option exercises and share-based compensation	`StockIssuedDuringPeriodValueRSUReleasedEmployeeStockPurchasePlanStockOptionsExercisedAndSharesBasedCompensation`	$585.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan, stock option exercises and share-based compensation	`StockIssuedDuringPeriodValueRSUReleasedEmployeeStockPurchasePlanStockOptionsExercisedAndSharesBasedCompensation`	$771.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan, stock option exercises and share-based compensation	`StockIssuedDuringPeriodValueRSUReleasedEmployeeStockPurchasePlanStockOptionsExercisedAndSharesBasedCompensation`	$684.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for RSU releases, employee stock purchase plan, stock option exercises and share-based compensation	`StockIssuedDuringPeriodValueRSUReleasedEmployeeStockPurchasePlanStockOptionsExercisedAndSharesBasedCompensation`	$410.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for note conversion and business combination	`StockIssuedDuringPeriodValueNoteConversionAndBusinessCombination`	$2.93M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$643.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-3.58M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-6.11M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$358.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-2.52M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$68.91M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.92M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.23M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.69M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$75.28M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$66.73M	USD	Point-in-time

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