10-K Filing

GAIA, INC CIK: 1089872 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001564590-22-007683`
Period End Date	20211231
Filing Date	20220228
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	gaia-10k_20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 31 Cash Flow Statement 56 Stockholders Equity 40

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.61M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.02M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.73M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.99M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.98M	USD	Point-in-time
Media library, software and equipment, net	`MediaLibrarySoftwareAndEquipmentNet`	$39.23M	USD	Point-in-time
Media library, software and equipment, net	`MediaLibrarySoftwareAndEquipmentNet`	$50.56M	USD	Point-in-time
Right-of-use lease asset, net	`OperatingLeaseRightOfUseAsset`	$8.80M	USD	Point-in-time
Right-of-use lease asset, net	`OperatingLeaseRightOfUseAsset`	$8.62M	USD	Point-in-time
Right-of-use lease asset, net	`OperatingLeaseRightOfUseAsset`	$7.87M	USD	Point-in-time
Real estate, investment and other assets, net	`RealEstateInvestmentAndOtherNoncurrentAssetsNet`	$31.39M	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`	$28.87M	USD	Point-in-time
Total assets	`Assets`	$133.68M	USD	Point-in-time
Total assets	`Assets`	$110.02M	USD	Point-in-time
Accounts payable, accrued and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.96M	USD	Point-in-time
Accounts payable, accrued and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.95M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$14.85M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$12.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.32M	USD	Point-in-time
Long-term mortgage, net	`LongTermDebt`	$6.11M	USD	Point-in-time
Long-term mortgage, net	`LongTermDebt`	$6.25M	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$7.95M	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$7.23M	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxLiabilitiesNet`	$257.00K	USD	Point-in-time
Deferred taxes	`DeferredIncomeTaxLiabilitiesNet`	$309.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$35.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$43.46M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$162.32M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$150.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-72.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-75.83M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$68.91M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$73.45M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$66.73M	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`	$77.87M	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`	$90.22M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$133.68M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$110.02M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$79.57M	USD	Annual
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$66.83M	USD	Annual
Cost of revenues	`CostOfGoodsAndServicesSold`	$10.53M	USD	Annual
Cost of revenues	`CostOfGoodsAndServicesSold`	$8.65M	USD	Annual
Gross profit	`GrossProfit`	$69.05M	USD	Annual
Gross profit	`GrossProfit`	$58.18M	USD	Annual
Selling and operating	`SellingExpense`	$56.94M	USD	Annual
Selling and operating	`SellingExpense`	$60.58M	USD	Annual
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$6.12M	USD	Annual
Corporate, general and administration	`GeneralAndAdministrativeExpense`	$5.87M	USD	Annual
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$360.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$67.06M	USD	Annual
Total operating expenses	`OperatingExpenses`	$62.80M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-4.63M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$1.99M	USD	Annual
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$-265.00K	USD	Annual
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$5.33M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$699.00K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.72M	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$180.00K	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-2.01M	USD	Annual
Net income	`NetIncomeLoss`	$3.73M	USD	Annual
Net income	`NetIncomeLoss`	$519.00K	USD	Annual
Basic	`EarningsPerShareBasic`	$0.19	USD	Annual
Basic	`EarningsPerShareBasic`	$0.03	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.19	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.03	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	18.92M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.31M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.30M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.83M	shares	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$6.31M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$647.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-3.58M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-2.52M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$310.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$643.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$519.00K	USD	Annual
Net income (loss)	`ProfitLoss`	$358.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$2.08M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$3.73M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$12.04M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$13.14M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$533.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$474.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.71M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$2.34M	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$180.00K	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-2.01M	USD	Annual
Gain on sale of real estate	`GainLossOnDispositionOfAssets1`	$6.12M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$682.00K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-130.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-601.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.19M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.39M	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$774.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$4.35M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.87M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.65M	USD	Annual
Acquisitions, net of cash acquired, and purchase of intangible assets	`AcquisitionsNetOfCashAcquiredAndPurchasesOfIntangibleAssets`	$6.52M	USD	Annual
Proceeds from sale of real estate	`ProceedsFromSaleOfOtherRealEstate`	$13.15M	USD	Annual
Additions to media library, software and equipment and other assets	`PaymentsToAcquireProductiveAssets`	$13.33M	USD	Annual
Additions to media library, software and equipment and other assets	`PaymentsToAcquireProductiveAssets`	$17.34M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.86M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-176.00K	USD	Annual
Proceeds from issuance of mortgage, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$10.39M	USD	Annual
Proceeds from the issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$249.00K	USD	Annual
Proceeds from the issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$815.00K	USD	Annual
Repayments of debt	`RepaymentsOfSecuredDebt`	$160.00K	USD	Annual
Repayments of debt	`RepaymentsOfSecuredDebt`	$21.00M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.36M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$655.00K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.34M	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.11M	USD	Annual
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.61M	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.49M	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.27M	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.61M	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.49M	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.27M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$1.14M	USD	Annual
Interest paid	`InterestPaidNet`	$732.00K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$129.00K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$129.00K	USD	Annual
Value of shares issued for acquisition and business combination	`StockIssued1`	$9.72M	USD	Annual
Value of shares issued for acquisition and business combination	`StockIssued1`	$2.93M	USD	Annual

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$68.91M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$73.45M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$66.73M	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`	$77.87M	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`	$90.22M	USD	Point-in-time
Issuance of Gaia, Inc. common stock for RSU releases, stock option exercises and share-based compensation	`StockIssuedDuringPeriodValueRSUReleasedEmployeeStockPurchasePlanStockOptionsExercisedAndSharesBasedCompensation`	$684.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for RSU releases, stock option exercises and share-based compensation	`StockIssuedDuringPeriodValueRSUReleasedEmployeeStockPurchasePlanStockOptionsExercisedAndSharesBasedCompensation`	$410.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for RSU releases, stock option exercises and share-based compensation	`StockIssuedDuringPeriodValueRSUReleasedEmployeeStockPurchasePlanStockOptionsExercisedAndSharesBasedCompensation`	$771.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for RSU releases, stock option exercises and share-based compensation	`StockIssuedDuringPeriodValueRSUReleasedEmployeeStockPurchasePlanStockOptionsExercisedAndSharesBasedCompensation`	$585.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for note conversion and business combination	`StockIssuedDuringPeriodValueNoteConversionAndBusinessCombination`	$2.93M	USD	1 Quarter
Issuance of Gaia, Inc. common stock for business combination	`StockIssuedDuringPeriodValueAcquisitions`	$9.72M	USD	1 Quarter
Issuance of Gaia, Inc. common stock for employee stock purchase plan and share-based compensation	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlanAndShareBasedCompensation`	$404.00K	USD	1 Quarter
Issuance of Gaia, Inc. common stock for employee stock purchase plan and share-based compensation	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlanAndShareBasedCompensation`	$537.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$533.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$474.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$1.71M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$2.34M	USD	Annual
Net income (loss)	`ProfitLoss`	$6.31M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$647.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-3.58M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-2.52M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$310.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$643.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$519.00K	USD	Annual
Net income (loss)	`ProfitLoss`	$358.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$2.08M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$3.73M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$68.91M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$73.45M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$66.73M	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`	$77.87M	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`	$90.22M	USD	Point-in-time

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