$CHR
Cheer Holding, Inc.
CIK:0001738758|SEC Filings
Consolidated Statements of Cash Flows - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $ 25,621 | $ 25,968 | $ 30,528 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| (Reversal of provision) provision for credit losses | (2,939) | (20) | 2,096 |
| Provision for unamortized produced content | 112 | ||
| Depreciation and amortization | 6,882 | 3,781 | 3,385 |
| Impairment of intangible assets | 1,199 | ||
| Amortization of right-of-use assets | 122 | 41 | 394 |
| Loss from early termination of right-of-use assets | 15 | ||
| Deferred income tax expense (benefits) | 73 | (33) | 63 |
| Share based compensation for employees | 3,429 | 1,745 | |
| Written off of property and equipment | 11 | 2 | 2 |
| Amortization of loan origination fees | 10 | 16 | |
| Change in fair value of warrant liability | (86) | ||
| Income from waive of other payables | (22) | (156) | |
| Changes in assets and liabilities | |||
| Accounts receivable | 1,538 | 1,924 | 15,205 |
| Prepayment and other current assets | (10,218) | (514) | (22,270) |
| Unamortized produced content | (16) | 682 | |
| Accounts payable | 599 | (7,402) | 3,325 |
| Contract liabilities | (26) | (101) | (14) |
| Accrued liabilities and other payables | (1,497) | (370) | |
| Other taxes payable | (6,722) | (2,347) | 9,477 |
| Lease liabilities | (111) | (22) | (371) |
| Net cash provided by operating activities | 17,939 | 22,875 | 42,174 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Purchase of property, plant and equipment | (1) | (3) | |
| Purchase of intangible assets | (709) | (24,861) | |
| Net cash used in investing activities | (709) | (24,862) | (3) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Proceeds from short-term bank loans | 7,652 | 12,507 | 4,660 |
| Repayments of short-term bank loans | (12,522) | (6,949) | (4,802) |
| Proceeds from long-term bank loans | 1,412 | ||
| Payment of loan origination fees | (32) | (58) | |
| Contribution (withdrawal of) from shareholders | 5,525 | (791) | |
| Borrowings from related parties | 1,650 | 1,600 | |
| Repayments to related parties | (500) | ||
| Proceeds from issuance of ordinary shares in connection with a private placement | 21,044 | 80,000 | |
| Net cash provided by financing activities | 17,824 | 10,551 | 82,021 |
| Effect of exchange rate changes | 9,368 | (5,429) | (149) |
| Net increase in cash and cash equivalents | 44,422 | 3,135 | 124,043 |
| Cash and cash equivalents, at beginning of year | 197,660 | 194,525 | 70,482 |
| Cash and cash equivalents, at end of year | 242,082 | 197,660 | 194,525 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Interests paid | 366 | 325 | 271 |
| Income tax paid | |||
| SUPPLEMENTAL DISCLOSURE OF NON-CASH FLOW INFORMATION: | |||
| Acquisition of intangible assets from prepayments | 14,390 | 4,464 | 4,464 |
| Right-of-use assets obtained in exchange for operating lease liabilities | $ 385 | ||
Consolidated Balance Sheets - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
||
|---|---|---|---|---|
| Current assets: | ||||
| Cash and cash equivalents | $ 242,082 | $ 197,660 | ||
| Accounts receivable, net | 79,681 | 77,074 | ||
| Prepayment and other current assets, net | 44,822 | 30,834 | ||
| Total current assets | 366,585 | 305,568 | ||
| Property, plant and equipment, net | 17 | 33 | ||
| Intangible assets, net | 34,734 | 40,531 | ||
| Deferred tax assets | 72 | |||
| Unamortized produced content, net | 17 | 16 | ||
| Right-of-use assets | 261 | 371 | ||
| Other non-current assets | 77 | |||
| Total non-current assets | 35,106 | 41,023 | ||
| TOTAL ASSETS | 401,691 | 346,591 | ||
| Current liabilities: | ||||
| Short-term bank loans | 6,435 | 9,590 | ||
| Accounts payable | 2,744 | 2,039 | ||
| Contract liabilities | 1 | 27 | ||
| Accrued liabilities and other payables | 444 | 1,941 | ||
| Other taxes payable | 19,285 | 25,095 | ||
| Lease liabilities current | 127 | 109 | ||
| Total current liabilities | 31,789 | 39,901 | ||
| Long-term bank loan | 1,370 | |||
| Lease liabilities non-current | 134 | 250 | ||
| Total non-current liabilities | 134 | 1,620 | ||
| TOTAL LIABILITIES | 31,923 | 41,521 | ||
| Shareholders’ Equity | ||||
| Preferred shares (par value of $0.0001 per share; 2,000,000 shares authorized as of December 31, 2025 and 2024; nil and nil shares issued and outstanding as of December 31, 2025 and 2024, respectively) | ||||
| Additional paid-in capital | 137,734 | 113,485 | ||
| Statutory reserve | 1,411 | 1,411 | ||
| Retained earnings | 232,745 | 207,128 | ||
| Accumulated other comprehensive loss | (2,441) | (17,041) | ||
| TOTAL CHEER HOLDING, INC SHAREHOLDERS’ EQUITY | 369,683 | 304,993 | ||
| Non-controlling interest | 85 | 77 | ||
| TOTAL SHAREHOLDERS’ EQUITY | 369,768 | 305,070 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 401,691 | 346,591 | ||
| Class A Ordinary Shares | ||||
| Shareholders’ Equity | ||||
| Ordinary shares value | [1] | 234 | 10 | |
| Class B Ordinary Shares | ||||
| Shareholders’ Equity | ||||
| Ordinary shares value | ||||
| Related Party [Member] | ||||
| Current liabilities: | ||||
| Due to related parties | $ 2,753 | $ 1,100 | ||
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