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Note 1 — Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures are adequate to prevent the information presented from being misleading. These financial statements should be read in conjunction with the financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K, which contains audited financial information for the three years in the period ended December 31, 2022. The information provided in this report reflects all adjustments (consisting solely of normal recurring items) that are, in the opinion of management, necessary to present fairly the financial position and the results of operations for the periods presented. Interim results are not necessarily, especially given seasonality, indicative of results to be expected for a full year. The condensed consolidated financial statements include the accounts of JAKKS Pacific, Inc. and its wholly-owned subsidiaries (collectively, “the Company”). The condensed consolidated financial statements also include the accounts of JAKKS Meisheng Trading (Shanghai) Limited, a joint venture with Meisheng Cultural & Creative Corp., Ltd., and JAKKS Meisheng Animation (HK) Limited, a joint venture with Hong Kong Meisheng Cultural Company Limited. In June 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” which require a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The new standard was initially effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In November 2019, the FASB issued ASU 2019-10 which deferred the effective date of ASU 2016-13 by three years for Smaller Reporting Companies. As a result, the effective date for the standard is fiscal years beginning after December 15, 2022, and interim periods therein, and early adoption is permitted. The Company adopted ASU 2016-13 and its related amendments on January 1, 2023. The adoption of this new accounting standard did not have a material impact on the Company’s condensed consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” In January 2021, the FASB issued ASU 2021-01, “Reference Rate Reform (Topic 848): Scope.” The ASUs provide temporary optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions, for a limited period of time, to ease the potential burden of recognizing the effects of reference rate reform on financial reporting. The amendments in ASU 2020-04 apply to contracts, hedging relationships and other transactions that reference the London Inter-Bank Offered Rate ("LIBOR") or another reference rate expected to be discontinued due to the global transition away from LIBOR and certain other interbank offered rates. In December 2022, the FASB issued ASU 2022-06 which extended the effective date of the new standard to fiscal years beginning after December 15, 2024, including interim periods within those fiscal years, with early adoption permitted. In Q1 2023, the Company entered into amendments to its 2021 BSP Term Loan Agreement and its JPMorgan ABL Credit Agreement, which transitioned the interest reference rate on its term loan and revolving line of credit from LIBOR to the Secured Overnight Financing Rate (“SOFR”) (See Note 5 – Debt and Note 6 – Credit Facilities). The Company is currently evaluating the impact that the adoption of this new guidance will have on its condensed consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity.” The new guidance eliminates two of the three models in ASC 470-20, which required entities to account for beneficial conversion features and cash conversion features in equity, separately from the host convertible debt or preferred stock. As a result, only conversion features accounted for under the substantial premium model in ASC 470-20 and those that require bifurcation in accordance with ASC 815-15 will be accounted for separately. In addition, the amendments in ASU 2020-06 eliminate some of the requirements in ASC 815-40 related to equity classification. The amendments in ASU 2020-06 further revised the guidance in ASC 260, Earnings Per Share (“EPS”), to address how convertible instruments are accounted for in calculating diluted EPS, and require enhanced disclosures about the terms of convertible instruments and contracts in an entity’s own equity. The new standard is effective for the Company for fiscal years beginning after December 15, 2023, including interim periods within these fiscal years, with early adoption permitted. The Company is currently evaluating the impact that the adoption of this new guidance will have on its condensed consolidated financial statements.

Note 2 — Business Segments, Geographic Data and Sales by Major Customers The Company is a worldwide producer and marketer of children’s toys and other consumer products, principally engaged in the design, development, production, marketing and distribution of its diverse portfolio of products. The Company’s segments are (i) Toys/Consumer Products and (ii) Costumes. The Toys/Consumer Products segment includes action figures, vehicles, play sets, plush products, dolls, electronic products, construction toys, infant and pre-school toys, child-sized and hand-held role play toys and everyday costume play, foot-to-floor ride-on vehicles, wagons, novelty toys, seasonal and outdoor products, kids’ indoor and outdoor furniture, and related products. The Costumes segment, under its Disguise branding, designs, develops, markets and sells a wide range of every-day and special occasion dress-up costumes and related accessories in support of Halloween, Carnival, Children’s Day, Book Day/Week, and every-day/any-day costume play. Segment performance is measured at the operating income (loss) level. All sales are made to external customers and general corporate expenses have been attributed to the segments based upon relative sales volumes. Segment assets are primarily comprised of accounts receivable and inventories, net of applicable reserves and allowances, goodwill and other assets. Certain assets which are not tracked by operating segment and/or that benefit multiple operating segments have been allocated on the same basis. Results are not necessarily those which would be achieved if each segment was an unaffiliated business enterprise. Information by segment and a reconciliation to reported amounts for the three months ended March 31, 2023 and 2022 and as of March 31, 2023 and December 31, 2022 are as follows (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 70%;"> ` </td> <td id="new_id-1549" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="6" id="new_id-1550" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Three Months Ended </td> <td id="new_id-1551" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1552" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="6" id="new_id-1553" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, </td> <td id="new_id-1554" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1555" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1556" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1557" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> <td id="new_id-1558" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1559" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1560" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Net Sales </td> <td id="new_id-1561" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1562" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1563" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1564" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1565" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1566" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1567" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1568" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Toys/Consumer Products </td> <td id="new_id-1569" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1570" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1571" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">97,893</td> <td id="new_id-1572" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1573" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1574" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1575" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">111,123</td> <td id="new_id-1576" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Costumes </td> <td id="new_id-1577" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1578" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1579" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">9,591</td> <td id="new_id-1580" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1581" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1582" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1583" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">9,758</td> <td id="new_id-1584" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1585" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1586" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1587" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">107,484</td> <td id="new_id-1588" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1589" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1590" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1591" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">120,881</td> <td id="new_id-1592" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1593" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="6" id="new_id-1594" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Three Months Ended </td> <td id="new_id-1595" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1596" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="6" id="new_id-1597" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, </td> <td id="new_id-1598" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1599" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1600" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1601" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> <td id="new_id-1602" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1603" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1604" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 70%;"> Income (Loss) from Operations </td> <td id="new_id-1605" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1606" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1607" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1608" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1609" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1610" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1611" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1612" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Toys/Consumer Products </td> <td id="new_id-1613" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1614" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1615" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">(1,161</td> <td id="new_id-1616" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;">)</td> <td id="new_id-1617" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1618" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1619" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">2,007</td> <td id="new_id-1620" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Costumes </td> <td id="new_id-1621" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1622" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1623" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(3,239</td> <td id="new_id-1624" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> <td id="new_id-1625" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1626" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1627" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(2,741</td> <td id="new_id-1628" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1629" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1630" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1631" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(4,400</td> <td id="new_id-1632" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;">)</td> <td id="new_id-1633" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1634" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1635" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(734</td> <td id="new_id-1636" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;">)</td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1637" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="6" id="new_id-1638" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Three Months Ended </td> <td id="new_id-1639" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1640" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="6" id="new_id-1641" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, </td> <td id="new_id-1642" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1643" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1644" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1645" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> <td id="new_id-1646" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1647" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1648" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 70%;"> Depreciation and Amortization Expense </td> <td id="new_id-1649" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1650" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1651" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1652" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1653" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1654" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1655" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1656" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Toys/Consumer Products </td> <td id="new_id-1657" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1658" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1659" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">1,160</td> <td id="new_id-1660" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1661" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1662" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1663" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">1,725</td> <td id="new_id-1664" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Costumes </td> <td id="new_id-1665" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1666" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1667" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">31</td> <td id="new_id-1668" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1669" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1670" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1671" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">87</td> <td id="new_id-1672" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1673" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1674" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1675" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">1,191</td> <td id="new_id-1676" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1677" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1678" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1679" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">1,812</td> <td id="new_id-1680" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1681" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1682" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> March 31, </td> <td id="new_id-1683" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1684" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1685" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> December 31, </td> <td id="new_id-1686" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1687" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1688" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1689" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> <td id="new_id-1690" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1691" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1692" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 70%;"> Assets </td> <td id="new_id-1693" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1694" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1695" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1696" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1697" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1698" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1699" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1700" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Toys/Consumer Products </td> <td id="new_id-1701" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1702" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1703" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">298,215</td> <td id="new_id-1704" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1705" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1706" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1707" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">377,605</td> <td id="new_id-1708" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Costumes </td> <td id="new_id-1709" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1710" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1711" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">31,171</td> <td id="new_id-1712" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1713" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1714" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1715" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">27,737</td> <td id="new_id-1716" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1717" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1718" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1719" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">329,386</td> <td id="new_id-1720" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1721" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1722" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1723" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">405,342</td> <td id="new_id-1724" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> Net revenues are categorized based upon location of the customer, while long-lived assets are categorized based upon the location of the Company’s assets. The following tables present information about the Company by geographic area as of March 31, 2023 and December 31, 2022 and for the three months ended March 31, 2023 and 2022 (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1725" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1726" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> March 31, </td> <td id="new_id-1727" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1728" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1729" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> December 31, </td> <td id="new_id-1730" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1731" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1732" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1733" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-1734" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1735" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1736" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Long-lived Assets </td> <td id="new_id-1737" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1738" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1739" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1740" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1741" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1742" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1743" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1744" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> China </td> <td id="new_id-1745" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1746" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-1747" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">15,608</td> <td id="new_id-1748" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1749" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1750" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-1751" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">14,161</td> <td id="new_id-1752" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> United States </td> <td id="new_id-1753" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1754" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1755" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">15,224</td> <td id="new_id-1756" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1757" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1758" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1759" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">17,383</td> <td id="new_id-1760" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Hong Kong </td> <td id="new_id-1761" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1762" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1763" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">1,931</td> <td id="new_id-1764" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1765" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1766" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1767" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">2,142</td> <td id="new_id-1768" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> United Kingdom </td> <td id="new_id-1769" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1770" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1771" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">936</td> <td id="new_id-1772" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1773" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1774" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1775" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">974</td> <td id="new_id-1776" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Mexico </td> <td id="new_id-1777" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1778" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1779" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">64</td> <td id="new_id-1780" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1781" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1782" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1783" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">69</td> <td id="new_id-1784" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Canada </td> <td id="new_id-1785" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1786" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1787" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">40</td> <td id="new_id-1788" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1789" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1790" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1791" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">46</td> <td id="new_id-1792" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1793" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1794" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1795" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">33,803</td> <td id="new_id-1796" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1797" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1798" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1799" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">34,775</td> <td id="new_id-1800" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1801" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-1802" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Three Months Ended </td> <td id="new_id-1803" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1804" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-1805" rowspan="1" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, </td> <td id="new_id-1806" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1807" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1808" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1809" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-1810" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1811" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1812" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Net Sales by Customer Area </td> <td id="new_id-1813" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1814" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1815" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1816" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1817" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1818" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1819" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1820" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> United States </td> <td id="new_id-1821" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1822" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-1823" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">80,443</td> <td id="new_id-1824" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1825" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1826" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-1827" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">97,050</td> <td id="new_id-1828" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Europe </td> <td id="new_id-1829" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1830" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1831" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">10,162</td> <td id="new_id-1832" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1833" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1834" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1835" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">13,389</td> <td id="new_id-1836" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Latin America </td> <td id="new_id-1837" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1838" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1839" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">9,204</td> <td id="new_id-1840" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1841" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1842" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1843" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">2,385</td> <td id="new_id-1844" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Canada </td> <td id="new_id-1845" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1846" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1847" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">4,054</td> <td id="new_id-1848" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1849" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1850" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1851" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">3,379</td> <td id="new_id-1852" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Australia & New Zealand </td> <td id="new_id-1853" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1854" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1855" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">1,608</td> <td id="new_id-1856" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1857" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1858" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1859" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">1,491</td> <td id="new_id-1860" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Asia </td> <td id="new_id-1861" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1862" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1863" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">1,380</td> <td id="new_id-1864" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1865" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1866" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1867" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">2,076</td> <td id="new_id-1868" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Middle East & Africa </td> <td id="new_id-1869" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1870" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1871" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">633</td> <td id="new_id-1872" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1873" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1874" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1875" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">1,111</td> <td id="new_id-1876" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1877" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1878" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1879" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">107,484</td> <td id="new_id-1880" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1881" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1882" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1883" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">120,881</td> <td id="new_id-1884" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> Major Customers Net sales to major customers for the three months ended March 31, 2023 and 2022 were as follows (in thousands, except for percentages): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1885" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="14" id="new_id-1886" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Three Months Ended March 31, </td> <td id="new_id-1887" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1888" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-1889" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1890" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-1891" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-1892" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1893" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1894" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1895" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1896" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1897" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1898" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1899" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Percentage </td> <td id="new_id-1900" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1901" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1902" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1903" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1904" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1905" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1906" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Percentage </td> <td id="new_id-1907" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1908" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1909" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td> <td id="new_id-1910" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-1911" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1912" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> of Net Sales </td> <td id="new_id-1913" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-1914" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1915" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td> <td id="new_id-1916" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-1917" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1918" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> of Net Sales </td> <td id="new_id-1919" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 52%;"> Target </td> <td id="new_id-1920" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1921" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-1922" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">29,404</td> <td id="new_id-1923" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1924" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1925" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1926" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">27.4</td> <td id="new_id-1927" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> % </td> <td id="new_id-1928" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1929" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-1930" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">35,670</td> <td id="new_id-1931" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1932" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1933" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1934" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">29.5</td> <td id="new_id-1935" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> % </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Wal-Mart </td> <td id="new_id-1936" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1937" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1938" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">23,283</td> <td id="new_id-1939" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1940" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1941" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1942" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">21.7</td> <td id="new_id-1943" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1944" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1945" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1946" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">23,020</td> <td id="new_id-1947" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1948" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1949" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1950" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">19.0</td> <td id="new_id-1951" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Amazon </td> <td id="new_id-1952" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1953" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1954" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">6,601</td> <td id="new_id-1955" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1956" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1957" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1958" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">6.1</td> <td id="new_id-1959" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1960" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1961" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1962" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">14,016</td> <td id="new_id-1963" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1964" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1965" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1966" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">11.6</td> <td id="new_id-1967" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1968" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1969" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1970" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">59,288</td> <td id="new_id-1971" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1972" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1973" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td id="new_id-1974" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">55.2</td> <td id="new_id-1975" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;"> % </td> <td id="new_id-1976" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1977" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1978" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">72,706</td> <td id="new_id-1979" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1980" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1981" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td id="new_id-1982" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">60.1</td> <td id="new_id-1983" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;"> % </td> </tr> </table> No other customer accounted for more than 10% of the Company's total net sales. The concentration of the Company’s business with a relatively small number of customers may expose the Company to material adverse effects if one or more of its large customers were to experience financial difficulty. The Company performs ongoing credit evaluations of its top customers and maintains an allowance for potential credit losses.

Results are not necessarily those which would be achieved if each segment was an unaffiliated business enterprise. Information by segment and a reconciliation to reported amounts for the three months ended March 31, 2023 and 2022 and as of March 31, 2023 and December 31, 2022 are as follows (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 70%;"> ` </td> <td id="new_id-1549" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="6" id="new_id-1550" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Three Months Ended </td> <td id="new_id-1551" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1552" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="6" id="new_id-1553" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, </td> <td id="new_id-1554" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1555" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1556" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1557" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> <td id="new_id-1558" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1559" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1560" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Net Sales </td> <td id="new_id-1561" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1562" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1563" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1564" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1565" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1566" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1567" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1568" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Toys/Consumer Products </td> <td id="new_id-1569" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1570" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1571" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">97,893</td> <td id="new_id-1572" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1573" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1574" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1575" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">111,123</td> <td id="new_id-1576" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Costumes </td> <td id="new_id-1577" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1578" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1579" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">9,591</td> <td id="new_id-1580" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1581" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1582" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1583" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">9,758</td> <td id="new_id-1584" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1585" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1586" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1587" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">107,484</td> <td id="new_id-1588" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1589" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1590" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1591" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">120,881</td> <td id="new_id-1592" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1593" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="6" id="new_id-1594" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Three Months Ended </td> <td id="new_id-1595" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1596" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="6" id="new_id-1597" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, </td> <td id="new_id-1598" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1599" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1600" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1601" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> <td id="new_id-1602" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1603" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1604" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 70%;"> Income (Loss) from Operations </td> <td id="new_id-1605" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1606" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1607" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1608" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1609" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1610" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1611" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1612" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Toys/Consumer Products </td> <td id="new_id-1613" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1614" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1615" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">(1,161</td> <td id="new_id-1616" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;">)</td> <td id="new_id-1617" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1618" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1619" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">2,007</td> <td id="new_id-1620" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Costumes </td> <td id="new_id-1621" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1622" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1623" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(3,239</td> <td id="new_id-1624" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> <td id="new_id-1625" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1626" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1627" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(2,741</td> <td id="new_id-1628" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1629" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1630" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1631" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(4,400</td> <td id="new_id-1632" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;">)</td> <td id="new_id-1633" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1634" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1635" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(734</td> <td id="new_id-1636" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;">)</td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1637" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="6" id="new_id-1638" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Three Months Ended </td> <td id="new_id-1639" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1640" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="6" id="new_id-1641" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, </td> <td id="new_id-1642" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1643" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1644" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1645" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> <td id="new_id-1646" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1647" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1648" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 70%;"> Depreciation and Amortization Expense </td> <td id="new_id-1649" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1650" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1651" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1652" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1653" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1654" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1655" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1656" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Toys/Consumer Products </td> <td id="new_id-1657" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1658" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1659" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">1,160</td> <td id="new_id-1660" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1661" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1662" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1663" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">1,725</td> <td id="new_id-1664" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Costumes </td> <td id="new_id-1665" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1666" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1667" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">31</td> <td id="new_id-1668" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1669" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1670" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1671" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">87</td> <td id="new_id-1672" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1673" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1674" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1675" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">1,191</td> <td id="new_id-1676" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1677" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1678" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1679" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">1,812</td> <td id="new_id-1680" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1681" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1682" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> March 31, </td> <td id="new_id-1683" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1684" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1685" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> December 31, </td> <td id="new_id-1686" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1687" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1688" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1689" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> <td id="new_id-1690" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-1691" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1692" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 70%;"> Assets </td> <td id="new_id-1693" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1694" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1695" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1696" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1697" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1698" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1699" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1700" style="font-family: "Times New Roman"; font-size: 9pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Toys/Consumer Products </td> <td id="new_id-1701" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1702" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1703" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">298,215</td> <td id="new_id-1704" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1705" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1706" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-1707" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">377,605</td> <td id="new_id-1708" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Costumes </td> <td id="new_id-1709" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1710" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1711" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">31,171</td> <td id="new_id-1712" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1713" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1714" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1715" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">27,737</td> <td id="new_id-1716" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255); font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1717" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1718" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1719" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">329,386</td> <td id="new_id-1720" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1721" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-1722" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1723" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">405,342</td> <td id="new_id-1724" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table>

97893000

111123000

9591000

9758000

107484000

120881000

-1161000

2007000

-3239000

-2741000

-4400000

-734000

1160000

1725000

31000

87000

1191000

1812000

298215000

377605000

31171000

27737000

329386000

405342000

Net revenues are categorized based upon location of the customer, while long-lived assets are categorized based upon the location of the Company’s assets. The following tables present information about the Company by geographic area as of March 31, 2023 and December 31, 2022 and for the three months ended March 31, 2023 and 2022 (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1725" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1726" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> March 31, </td> <td id="new_id-1727" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1728" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1729" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> December 31, </td> <td id="new_id-1730" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1731" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1732" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1733" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-1734" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1735" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1736" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Long-lived Assets </td> <td id="new_id-1737" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1738" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1739" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1740" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1741" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1742" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1743" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1744" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> China </td> <td id="new_id-1745" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1746" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-1747" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">15,608</td> <td id="new_id-1748" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1749" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1750" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-1751" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">14,161</td> <td id="new_id-1752" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> United States </td> <td id="new_id-1753" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1754" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1755" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">15,224</td> <td id="new_id-1756" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1757" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1758" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1759" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">17,383</td> <td id="new_id-1760" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Hong Kong </td> <td id="new_id-1761" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1762" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1763" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">1,931</td> <td id="new_id-1764" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1765" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1766" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1767" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">2,142</td> <td id="new_id-1768" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> United Kingdom </td> <td id="new_id-1769" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1770" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1771" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">936</td> <td id="new_id-1772" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1773" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1774" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1775" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">974</td> <td id="new_id-1776" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Mexico </td> <td id="new_id-1777" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1778" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1779" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">64</td> <td id="new_id-1780" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1781" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1782" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1783" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">69</td> <td id="new_id-1784" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Canada </td> <td id="new_id-1785" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1786" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1787" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">40</td> <td id="new_id-1788" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1789" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1790" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1791" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">46</td> <td id="new_id-1792" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1793" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1794" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1795" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">33,803</td> <td id="new_id-1796" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1797" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1798" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1799" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">34,775</td> <td id="new_id-1800" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1801" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-1802" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Three Months Ended </td> <td id="new_id-1803" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1804" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-1805" rowspan="1" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, </td> <td id="new_id-1806" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1807" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1808" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1809" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-1810" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1811" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1812" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Net Sales by Customer Area </td> <td id="new_id-1813" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1814" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1815" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1816" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1817" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1818" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1819" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1820" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> United States </td> <td id="new_id-1821" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1822" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-1823" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">80,443</td> <td id="new_id-1824" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1825" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1826" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-1827" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">97,050</td> <td id="new_id-1828" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Europe </td> <td id="new_id-1829" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1830" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1831" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">10,162</td> <td id="new_id-1832" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1833" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1834" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1835" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">13,389</td> <td id="new_id-1836" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Latin America </td> <td id="new_id-1837" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1838" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1839" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">9,204</td> <td id="new_id-1840" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1841" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1842" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1843" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">2,385</td> <td id="new_id-1844" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Canada </td> <td id="new_id-1845" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1846" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1847" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">4,054</td> <td id="new_id-1848" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1849" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1850" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1851" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">3,379</td> <td id="new_id-1852" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Australia & New Zealand </td> <td id="new_id-1853" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1854" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1855" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">1,608</td> <td id="new_id-1856" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1857" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1858" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1859" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">1,491</td> <td id="new_id-1860" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Asia </td> <td id="new_id-1861" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1862" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1863" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">1,380</td> <td id="new_id-1864" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1865" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1866" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1867" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">2,076</td> <td id="new_id-1868" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Middle East & Africa </td> <td id="new_id-1869" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1870" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1871" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">633</td> <td id="new_id-1872" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1873" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1874" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1875" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">1,111</td> <td id="new_id-1876" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1877" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1878" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1879" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">107,484</td> <td id="new_id-1880" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1881" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1882" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1883" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">120,881</td> <td id="new_id-1884" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table>

15608000

14161000

15224000

17383000

1931000

2142000

936000

974000

64000

69000

40000

46000

33803000

34775000

80443000

97050000

10162000

13389000

9204000

2385000

4054000

3379000

1608000

1491000

1380000

2076000

633000

1111000

107484000

120881000

Net sales to major customers for the three months ended March 31, 2023 and 2022 were as follows (in thousands, except for percentages): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1885" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="14" id="new_id-1886" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Three Months Ended March 31, </td> <td id="new_id-1887" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1888" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-1889" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1890" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-1891" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-1892" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1893" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1894" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1895" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1896" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1897" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1898" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1899" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Percentage </td> <td id="new_id-1900" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1901" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1902" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1903" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1904" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1905" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1906" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Percentage </td> <td id="new_id-1907" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1908" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1909" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td> <td id="new_id-1910" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-1911" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1912" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> of Net Sales </td> <td id="new_id-1913" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-1914" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1915" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td> <td id="new_id-1916" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-1917" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1918" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> of Net Sales </td> <td id="new_id-1919" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 52%;"> Target </td> <td id="new_id-1920" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1921" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-1922" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">29,404</td> <td id="new_id-1923" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1924" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1925" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1926" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">27.4</td> <td id="new_id-1927" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> % </td> <td id="new_id-1928" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1929" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-1930" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">35,670</td> <td id="new_id-1931" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1932" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1933" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1934" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">29.5</td> <td id="new_id-1935" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> % </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Wal-Mart </td> <td id="new_id-1936" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1937" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1938" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">23,283</td> <td id="new_id-1939" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1940" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1941" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1942" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">21.7</td> <td id="new_id-1943" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1944" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1945" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1946" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">23,020</td> <td id="new_id-1947" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1948" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1949" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1950" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">19.0</td> <td id="new_id-1951" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Amazon </td> <td id="new_id-1952" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1953" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1954" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">6,601</td> <td id="new_id-1955" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1956" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1957" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1958" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">6.1</td> <td id="new_id-1959" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1960" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1961" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1962" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">14,016</td> <td id="new_id-1963" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1964" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1965" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-1966" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">11.6</td> <td id="new_id-1967" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1968" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1969" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1970" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">59,288</td> <td id="new_id-1971" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1972" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1973" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td id="new_id-1974" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">55.2</td> <td id="new_id-1975" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;"> % </td> <td id="new_id-1976" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1977" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-1978" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">72,706</td> <td id="new_id-1979" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-1980" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1981" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td id="new_id-1982" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">60.1</td> <td id="new_id-1983" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;"> % </td> </tr> </table>

29404000

0.274

35670000

0.295

23283000

0.217

23020000

0.19

6601000

0.061

14016000

0.116

59288000

0.552

72706000

0.601

Note 3 — Inventory Inventory, which includes the ex-factory cost of goods, capitalized warehouse costs, and in-bound freight and duty, is valued at the lower of cost or net realizable value, net of inventory obsolescence reserve, and consists of the following (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1984" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1985" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> March 31, </td> <td id="new_id-1986" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1987" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1988" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> December 31, </td> <td id="new_id-1989" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1990" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1991" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1992" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-1993" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1994" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1995" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Raw materials </td> <td id="new_id-1996" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1997" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-1998" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">55</td> <td id="new_id-1999" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2000" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2001" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2002" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">69</td> <td id="new_id-2003" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Finished goods </td> <td id="new_id-2004" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2005" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2006" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">63,933</td> <td id="new_id-2007" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2008" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2009" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2010" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">80,550</td> <td id="new_id-2011" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2012" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2013" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2014" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">63,988</td> <td id="new_id-2015" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2016" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2017" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2018" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">80,619</td> <td id="new_id-2019" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> As of March 31, 2023 and December 31, 2022, the inventory obsolescence reserve was $9.8 million and $9.0 million, respectively.

Inventory, which includes the ex-factory cost of goods, capitalized warehouse costs, and in-bound freight and duty, is valued at the lower of cost or net realizable value, net of inventory obsolescence reserve, and consists of the following (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1984" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1985" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> March 31, </td> <td id="new_id-1986" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1987" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1988" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> December 31, </td> <td id="new_id-1989" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1990" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1991" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-1992" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-1993" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-1994" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-1995" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Raw materials </td> <td id="new_id-1996" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-1997" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-1998" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">55</td> <td id="new_id-1999" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2000" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2001" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2002" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">69</td> <td id="new_id-2003" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Finished goods </td> <td id="new_id-2004" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2005" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2006" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">63,933</td> <td id="new_id-2007" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2008" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2009" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2010" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">80,550</td> <td id="new_id-2011" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2012" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2013" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2014" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">63,988</td> <td id="new_id-2015" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2016" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2017" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2018" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">80,619</td> <td id="new_id-2019" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table>

55000

69000

63933000

80550000

63988000

80619000

9800000

9000000

Note 4 — Revenue Recognition and Reserve for Sales Returns and Allowances The Company’s contracts with customers only include one performance obligation (i.e., sale of the Company’s products). Revenue is recognized in the gross amount at a point in time when delivery is completed and control of the promised goods is transferred to the customers. Revenue is measured as the amount of consideration the Company expects to be entitled to in exchange for those goods. The Company’s contracts do not involve financing elements as payment terms with customers are less than one year. Further, because revenue is recognized at the point in time goods are sold to customers, there are no contract assets or contract liability balances. The Company disaggregates its revenues from contracts with customers by reporting segment: Toys/Consumer Products and Costumes. The Company further disaggregates revenues by major geographic regions (See Note 2 - Business Segments, Geographic Data and Sales by Major Customers, for further information). The Company offers various discounts, pricing concessions, and other allowances to customers, all of which are considered in determining the transaction price. Certain discounts and allowances are fixed and determinable at the time of sale and are recorded at the time of sale as a reduction to revenue. Other discounts and allowances can vary and are determined at management’s discretion (variable consideration). Specifically, the Company occasionally grants discretionary credits to facilitate markdowns and sales of slow-moving merchandise, and consequently accrues an allowance based on historic credits and management estimates. The Company also participates in cooperative advertising arrangements with some customers, whereby it allows a discount from invoiced product amounts in exchange for customer purchased advertising that features the Company’s products. Generally, these allowances range from 1% to 20% of gross sales, and are generally based upon product purchases or specific advertising campaigns. Such allowances are accrued when the related revenue is recognized. To the extent these cooperative advertising arrangements provide a distinct benefit at fair value, they are accounted for as direct selling expenses, otherwise they are recorded as a reduction to revenue. Further, while the Company generally does not allow product returns, the Company does make occasional exceptions to this policy and consequently records a sales return allowance based upon historic return amounts and management estimates. These allowances (variable consideration) are estimated using the expected value method and are recorded at the time of sale as a reduction to revenue. The Company adjusts its estimate of variable consideration at least quarterly or when facts and circumstances used in the estimation process may change. The variable consideration is not constrained as the Company has sufficient history on the related estimates and does not believe there is a risk of significant revenue reversal. Sales commissions are expensed when incurred as the related revenue is recognized at a point in time and therefore the amortization period is less than one year. As a result, these costs are recorded as direct selling expenses, as incurred. Shipping and handling activities are considered part of the Company’s obligation to transfer the products and therefore are recorded as direct selling expenses, as incurred. For the three months ended March 31, 2023 and 2022, shipping and handling costs were $1.9 million and $1.5 million, respectively. The Company’s reserve for sales returns and allowances amounted to $41.1 million as of March 31, 2023, compared to $51.9 million as of December 31, 2022.

0.01 0.20

1900000

1500000

41100000 51900000

Note 5 — Debt Term Loan Term loan consists of the following (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2020" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="10" id="new_id-2021" rowspan="1" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, 2023 </td> <td id="new_id-2022" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2023" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="10" id="new_id-2024" rowspan="1" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2022 </td> <td id="new_id-2025" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2026" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2027" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> </td> <td id="new_id-2028" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2029" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2030" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Debt Discount/ </td> <td id="new_id-2031" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2032" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2033" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2034" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2035" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2036" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2037" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> </td> <td id="new_id-2038" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2039" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2040" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Debt Discount/ </td> <td id="new_id-2041" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2042" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2043" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2044" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2045" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2046" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2047" rowspan="1" style="font-family: "Times New Roman"; font-size: 10pt; text-align: center;">Principal </td> <td id="new_id-2048" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2049" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2050" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Issuance </td> <td id="new_id-2051" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2052" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2053" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Net </td> <td id="new_id-2054" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2055" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2056" rowspan="1" style="font-family: "Times New Roman"; font-size: 10pt; text-align: center;">Principal</td> <td id="new_id-2057" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2058" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2059" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Issuance </td> <td id="new_id-2060" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2061" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2062" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Net </td> <td id="new_id-2063" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2064" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2065" rowspan="1" style="font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: center;">Amount</td> <td id="new_id-2066" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2067" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2068" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Costs* </td> <td id="new_id-2069" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2070" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2071" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td> <td id="new_id-2072" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2073" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2074" rowspan="1" style="font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: center;">Amount</td> <td id="new_id-2075" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2076" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2077" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Costs* </td> <td id="new_id-2078" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2079" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2080" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td> <td id="new_id-2081" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 28%;"> 2021 BSP Term Loan </td> <td id="new_id-2082" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2083" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2084" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">30,183</td> <td id="new_id-2085" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2086" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2087" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2088" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(739</td> <td id="new_id-2089" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> <td id="new_id-2090" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2091" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2092" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">29,444</td> <td id="new_id-2093" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2094" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2095" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2096" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">68,901</td> <td id="new_id-2097" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2098" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2099" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2100" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(1,750</td> <td id="new_id-2101" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> <td id="new_id-2102" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2103" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2104" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">67,151</td> <td id="new_id-2105" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> * The term loan was valued using the discounted cash flow method to determine the implied debt discount. The debt discount and issuance costs are amortized over the life of the term loan on a straight-line basis which approximates the effective interest method. On June 2, 2021, the Company and certain of its subsidiaries, as borrowers, entered into a First Lien Term Loan Facility Credit Agreement (the “2021 BSP Term Loan Agreement”) with Benefit Street Partners L.L.C., as Sole Lead Arranger, and BSP Agency, LLC, as agent, for a $99.0 million first-lien secured term loan (the “Initial Term Loan”) and a $19.0 million delayed draw term loan (the “Delayed Draw Term Loan” and collectively, the “2021 BSP Term Loan”). Net proceeds from the issuance of the 2021 BSP Term Loan, after deduction of $2.2 million in closing fees and $0.5 million of other administrative fees paid directly to the lenders, totaled $96.3 million. These fees are amortized over the life of the 2021 BSP Term Loan on a straight-line basis which approximates the effective interest method. Proceeds from the Initial Term Loan, together with available cash from the Company, were used to repay the Company’s former term loan (the “2019 Recap Term Loan” formerly known as the “New Term Loan” in prior filings) under the agreement dated as of August 9, 2019 with Cortland Capital Market Services LLC, as agent for certain investor parties. The Delayed Draw Term Loan provision was designed to provide necessary capital to redeem any of the Company’s outstanding 3.25% convertible senior notes due 2023, upon their maturity, which, upon repayment of the 2019 Recap Term Loan, accelerated to no later than 91 days from the repayment of the 2019 Recap Term Loan, or September 1, 2021. On July 29, 2021, the Company terminated its Delayed Draw Term Loan option as it determined it had sufficient liquidity to fund any outstanding convertible senior notes that remained upon maturity. Amounts outstanding under the 2021 BSP Term Loan bear interest at either (i) LIBOR plus 6.50% - 7.00% (determined by reference to a net leverage pricing grid), subject to a 1.00% LIBOR floor, or (ii) base rate plus 5.50% - 6.00% (determined by reference to a net leverage pricing grid), subject to a 2.00% base rate floor. The 2021 BSP Term Loan matures in June 2027. In January 2023, the Company entered into a second amendment for its 2021 BSP Term Loan Agreement, which transitioned the interest reference rate on its 2021 BSP Term Loan from LIBOR to the Secured Overnight Financing Rate (“SOFR”). The new interest reference rate for the 2021 BSP Term Loan will be effective on April 1, 2023. In addition to the transition to SOFR, the amendment also includes a constant 0.10% spread adjustment until the maturity of the 2021 BSP Term Loan. The 2021 BSP Term Loan Agreement contains negative covenants that, subject to certain exceptions, limit the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, make restricted payments, pledge its assets as security, make investments, loans, advances, guarantees and acquisitions, undergo fundamental changes and enter into transactions with affiliates. Commencing with the fiscal quarter ending June 30, 2021, the Company is required to maintain a Net Leverage Ratio of 4:00x, with step-downs occurring each fiscal year starting with the quarter ending March 31, 2022 through the quarter ending September 30, 2024 in which the Company is required to maintain a Net Leverage Ratio of 3:00x. On April 26, 2022, the Company entered into a First Amendment to the 2021 BSP Term Loan Agreement, to provide, among other things, that the Company must maintain Qualified Cash of at least: (a) at all times after the Closing Date and prior to the First Amendment Effective Date, April 26, 2022, $20.0 million; (b) at all times during the period commencing on the First Amendment Effective Date through and including June 30, 2022, $15.0 million; and (c) at all times on and after July 1, 2022, through September 30, 2022, $17.5 million; provided, however, that if the Total Net Leverage Ratio exceeded 1.75:1.00 as of the last day of the most recently ended month for which financial statements were required to have been delivered, then the amount set forth in this clause shall be increased to $20.0 million. Notwithstanding the foregoing, the Applicable Minimum Cash Amount shall be reduced by $1.0 million for every $5.0 million principal prepayment or repayment of the Term Loans following the First Amendment Effective Date; provided however, that, the Applicable Minimum Cash Amount shall in no event be reduced below $15.0 million. On June 27, 2022, as permitted by the terms within the 2021 BSP Term Loan Agreement, the Company made a voluntary fee-free $10.0 million prepayment towards the outstanding principal amount of the 2021 BSP Term Loan. On September 28, 2022, as permitted by the terms within the 2021 BSP Term Loan Agreement, the Company made a voluntary $17.5 million prepayment towards the outstanding principal amount of the 2021 BSP Term Loan and incurred a $0.5 million prepayment penalty. On January 3, 2023, as permitted by the terms within the 2021 BSP Term Loan Agreement, the Company made a voluntary $15.0 million prepayment towards the outstanding principal amount of the 2021 BSP Term Loan and incurred a $0.2 million prepayment penalty. On March 3, 2023, as required by the terms within the 2021 BSP Term Loan Agreement under the Excess Cash Flow (“ECF”) Sweep provision, the Company made a mandatory $23.1 million payment towards the outstanding principal amount of the 2021 BSP Term Loan. The 2021 BSP Term Loan Agreement contains events of default that are customary for a facility of this nature, including (subject in certain cases to grace periods and thresholds) nonpayment of principal, nonpayment of interest, fees or other amounts, material inaccuracy of representations and warranties, violation of covenants, cross-default to certain other existing indebtedness, bankruptcy or insolvency events, certain judgment defaults and a change of control as specified in the 2021 BSP Term Loan Agreement. If an event of default occurs, the maturity of the amounts owed under the 2021 BSP Term Loan Agreement may be accelerated. The obligations under the 2021 BSP Term Loan Agreement are guaranteed by the Company, the subsidiary borrowers thereunder and certain of the other existing and future direct and indirect subsidiaries of the Company and are secured by substantially all of the assets of the Company, the subsidiary borrowers thereunder and such other subsidiary guarantors, in each case, subject to certain exceptions and permitted liens and subject to the priority lien granted under the JPMorgan ABL Credit Agreement (see Note 6 – Credit Facility). The agent and Sole Lead Arranger under the 2021 BSP Term Loan are affiliates of an affiliate of the Company, which affiliate, at the time of refinancing, owned common stock, and the 3.25% convertible senior notes due 2023 of the Company as well as the Company’s outstanding Series A Preferred Stock. Amortization expense classified as interest expense related to the $0.3 million of debt issuance costs associated with the issuance of the 2021 BSP Term Loan was $26,784 for the three months ended March 31, 2023, and $43,584 for the three months ended March 31, 2022. Amortization expense classified as interest expense related to the $0.7 million debt discount associated with the issuance of the 2021 BSP Term Loan was $57,867 for the three months ended March 31, 2023, and $94,164 for the three months ended March 31, 2022. The fair value of the Company’s 2021 BSP Term Loan is considered Level 3 fair value (see Note 15 – Fair Value Measurements for further discussion of the fair value hierarchy) and are measured using the discounted future cash flow method. In addition to the debt terms, the valuation methodology includes an assumption of a discount rate that approximates the current yield on a debt security with comparable risk. This assumption is considered an unobservable input in that it reflects the Company’s own assumptions about the inputs that market participants would use in pricing the asset or liability. The Company believes that this is the best information available for use in the fair value measurement. The estimated fair value of the 2021 BSP Term Loan was $31.0 million and $69.3 million as of March 31, 2023 and December 31, 2022, respectively, compared to a carrying value of $30.2 million and $68.9 million as of March 31, 2023 and December 31, 2022, respectively. As of March 31, 2023, the Company was in compliance with the financial covenants under the 2021 BSP Term Loan Agreement.

Term loan consists of the following (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2020" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="10" id="new_id-2021" rowspan="1" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, 2023 </td> <td id="new_id-2022" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2023" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="10" id="new_id-2024" rowspan="1" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2022 </td> <td id="new_id-2025" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2026" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2027" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> </td> <td id="new_id-2028" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2029" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2030" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Debt Discount/ </td> <td id="new_id-2031" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2032" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2033" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2034" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2035" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2036" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2037" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> </td> <td id="new_id-2038" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2039" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2040" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Debt Discount/ </td> <td id="new_id-2041" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2042" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2043" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2044" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2045" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2046" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2047" rowspan="1" style="font-family: "Times New Roman"; font-size: 10pt; text-align: center;">Principal </td> <td id="new_id-2048" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2049" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2050" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Issuance </td> <td id="new_id-2051" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2052" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2053" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Net </td> <td id="new_id-2054" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2055" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2056" rowspan="1" style="font-family: "Times New Roman"; font-size: 10pt; text-align: center;">Principal</td> <td id="new_id-2057" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2058" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2059" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Issuance </td> <td id="new_id-2060" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2061" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2062" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Net </td> <td id="new_id-2063" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2064" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2065" rowspan="1" style="font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: center;">Amount</td> <td id="new_id-2066" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2067" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2068" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Costs* </td> <td id="new_id-2069" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2070" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2071" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td> <td id="new_id-2072" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2073" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2074" rowspan="1" style="font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: center;">Amount</td> <td id="new_id-2075" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2076" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2077" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Costs* </td> <td id="new_id-2078" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2079" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2080" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td> <td id="new_id-2081" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 28%;"> 2021 BSP Term Loan </td> <td id="new_id-2082" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2083" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2084" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">30,183</td> <td id="new_id-2085" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2086" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2087" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2088" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(739</td> <td id="new_id-2089" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> <td id="new_id-2090" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2091" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2092" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">29,444</td> <td id="new_id-2093" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2094" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2095" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2096" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">68,901</td> <td id="new_id-2097" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2098" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2099" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2100" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(1,750</td> <td id="new_id-2101" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> <td id="new_id-2102" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2103" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2104" style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">67,151</td> <td id="new_id-2105" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> * The term loan was valued using the discounted cash flow method to determine the implied debt discount. The debt discount and issuance costs are amortized over the life of the term loan on a straight-line basis which approximates the effective interest method.

30183000

739000

29444000

68901000

1750000

67151000

99000000

19000000

2200000

500000

96300000

0.0325

0.065

0.07

subject to a 1.00% LIBOR floor, or (ii) base rate plus 5.50% - 6.00% (determined by reference to a net leverage pricing grid), subject to a 2.00% base rate floor

0.001

the Company entered into a First Amendment to the 2021 BSP Term Loan Agreement, to provide, among other things, that the Company must maintain Qualified Cash of at least: (a) at all times after the Closing Date and prior to the First Amendment Effective Date, April 26, 2022, $20.0 million; (b) at all times during the period commencing on the First Amendment Effective Date through and including June 30, 2022, $15.0 million; and (c) at all times on and after July 1, 2022, through September 30, 2022, $17.5 million; provided, however, that if the Total Net Leverage Ratio exceeded 1.75:1.00 as of the last day of the most recently ended month for which financial statements were required to have been delivered, then the amount set forth in this clause shall be increased to $20.0 million. Notwithstanding the foregoing, the Applicable Minimum Cash Amount shall be reduced by $1.0 million for every $5.0 million principal prepayment or repayment of the Term Loans following the First Amendment Effective Date; provided however, that, the Applicable Minimum Cash Amount shall in no event be reduced below $15.0 million

10000000

17500000

500000

15000000

200000

23100000

0.0325

300000

26784

43584

700000

57867

94164

31000000

69300000

30200000

68.9

Note 6 — Credit Facilities JPMorgan Chase On June 2, 2021, the Company and certain of its subsidiaries, as borrowers, entered into a Credit Agreement (the “JPMorgan ABL Credit Agreement”), with JPMorgan Chase Bank, N.A., as agent and lender for a $67,500,000 senior secured revolving credit facility (the “JPMorgan ABL Facility”). The JPMorgan ABL Credit Agreement replaced the Company’s existing asset-based revolving credit agreement, dated as of March 27, 2014 (the “Wells Fargo ABL Facility,” formerly known as the “Amended ABL Facility” in prior filings), with General Electric Capital Corporation, since assigned to Wells Fargo Bank, National Association. The Company pays a commitment fee (0.25% - 0.375%) based on the unused portion of the revolving credit facility. Any amounts borrowed under the JPMorgan ABL Facility will bear interest at either (i) LIBOR plus 1.50% - 2.00% (determined by reference to an excess availability pricing grid) or (ii) Alternate Base Rate plus 0.50% - 1.00% (determined by reference to an excess availability pricing grid and base rate subject to a 1.00% floor). The JPMorgan ABL Facility matures in June 2026. As of March 31, 2023, the weighted average interest rate on the credit facility with JPMorgan Chase Bank was nil. In March 2023, the Company entered into a first amendment for its JPMorgan ABL Credit Agreement, which transitioned the interest reference rate on its JPMorgan ABL Facility from LIBOR to the Secured Overnight Financing Rate (“SOFR”). The new interest reference rate for the ABL Facility became effective on March 16, 2023. Any amounts borrowed under the JPMorgan ABL Facility will bear interest at either (i) SOFR plus 1.50% - 2.00% (determined by reference to an excess availability pricing grid) plus a constant 0.10% spread adjustment or (ii) Alternate Base Rate plus 0.50% - 1.00% (determined by reference to an excess availability pricing grid and base rate subject to a 1.00% floor). The JPMorgan ABL Credit Agreement contains negative covenants that, subject to certain exceptions, limit the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, make restricted payments, pledge their assets as security, make investments, loans, advances, guarantees and acquisitions, undergo fundamental changes and enter into transactions with affiliates. Under certain circumstances the Company is also subject to a springing fixed charge coverage ratio covenant of not less than 1.1 to 1.0, as described in more detail in the JPMorgan ABL Credit Agreement. The JPMorgan ABL Credit Agreement contains events of default that are customary for a facility of this nature, including (subject in certain cases to grace periods and thresholds) nonpayment of principal, interest, fees or other amounts, material inaccuracy of representations and warranties, violation of covenants, cross-default to certain other existing indebtedness, bankruptcy or insolvency events, certain judgment defaults, loss of liens or guarantees and a change of control as specified in the JPMorgan ABL Credit Agreement. If an event of default occurs, the commitments of the lenders to lend under the JPMorgan ABL Credit Agreement may be terminated and the maturity of the amounts owed may be accelerated. The obligations under the JPMorgan ABL Credit Agreement are guaranteed by the Company, the subsidiary borrowers thereunder and certain of the other existing and future direct and indirect subsidiaries of the Company and are secured by substantially all of the assets of the Company, the subsidiary borrowers thereunder and such other subsidiary guarantors, in each case, subject to certain exceptions and permitted liens. As of March 31, 2023, the amount of outstanding borrowings was nil and the total excess borrowing availability was $41.4 million. As of March 31, 2023, off-balance sheet arrangements include letters of credit issued by JPMorgan of $17.2 million. Amortization expense classified as interest expense related to the $1.6 million of debt issuance costs associated with the transaction that closed on June 2, 2021 (i.e., JPMorgan ABL Credit Agreement) was $0.1 million for the three months ended March 31, 2023 and March 31, 2022. As of March 31, 2023, the Company was in compliance with the financial covenants under the JPMorgan ABL Credit Agreement.

67500000

0.0025

0.00375

0.015

0.02

0.005

0.01

0.015

0.02

0.001

0.005

0.01

1.1 1

41400000

17200000

1600000

0.1

Note 7 — Income Taxes The Company’s income tax benefit of $1.4 million for the three months ended March 31, 2023, reflects an effective tax rate of 20.6%. The Company’s income tax expense of $0.4 million for the three months ended March 31, 2022, reflects an effective tax rate of (11.9)%. The tax benefit for the three months ended March 31, 2023, primarily relates to discrete items and the tax benefit related to the overall worldwide loss (i.e. federal, state, and foreign). The tax expense for the three months ended March 31, 2022 primarily relates to foreign income taxes and discrete items.

-1400000

-0.206

400000

0.119

Note 8 — Loss Per Share The following table is a reconciliation of the weighted average shares used in the computation of loss per share for the periods presented (in thousands, except per share data): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2106" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-2107" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Three Months Ended March 31, </td> <td id="new_id-2108" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Loss per share - basic and diluted </td> <td id="new_id-2109" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2110" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-2111" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2112" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2113" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-2114" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Net loss </td> <td id="new_id-2115" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2116" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2117" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(5,318</td> <td id="new_id-2118" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> <td id="new_id-2119" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2120" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2121" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(3,909</td> <td id="new_id-2122" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Net loss attributable to non-controlling interests </td> <td id="new_id-2123" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2124" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2125" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(5</td> <td id="new_id-2126" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> <td id="new_id-2127" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2128" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2129" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(100</td> <td id="new_id-2130" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Net loss attributable to JAKKS Pacific, Inc. </td> <td id="new_id-2131" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2132" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2133" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(5,313</td> <td id="new_id-2134" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> <td id="new_id-2135" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2136" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2137" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(3,809</td> <td id="new_id-2138" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Preferred stock dividend * </td> <td id="new_id-2139" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2140" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2141" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">367</td> <td id="new_id-2142" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2143" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2144" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2145" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">346</td> <td id="new_id-2146" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Net loss attributable to common stockholders ** </td> <td id="new_id-2147" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2148" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td> <td id="new_id-2149" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(5,680</td> <td id="new_id-2150" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> <td id="new_id-2151" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2152" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td> <td id="new_id-2153" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(4,155</td> <td id="new_id-2154" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Weighted average common shares outstanding - basic and diluted </td> <td id="new_id-2155" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2156" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td id="new_id-2157" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">9,871</td> <td id="new_id-2158" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2159" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2160" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td id="new_id-2161" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">9,588</td> <td id="new_id-2162" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Loss per share available to common stockholder - basic and diluted </td> <td id="new_id-2163" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2164" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2165" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(0.58</td> <td id="new_id-2166" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;">)</td> <td id="new_id-2167" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2168" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2169" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(0.43</td> <td id="new_id-2170" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;">)</td> </tr> </table> * The 200,000 shares issued and outstanding are non-participating. ** Net loss attributable to common stockholders was computed by deducting preferred dividends of $0.4 million and $0.3 million for the three months ended March 31, 2023 and 2022, respectively. Basic loss per share is calculated using the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated using the weighted average number of common shares and common share equivalents outstanding during the period (which consist of restricted stock units to the extent they are dilutive). Potentially dilutive restricted stock units of 494,106 and 310,907 for the three months ended March 31, 2023 and 2022, respectively, were excluded from the computation of diluted loss per share since they would have been anti-dilutive.

The following table is a reconciliation of the weighted average shares used in the computation of loss per share for the periods presented (in thousands, except per share data): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2106" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-2107" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Three Months Ended March 31, </td> <td id="new_id-2108" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Loss per share - basic and diluted </td> <td id="new_id-2109" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2110" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-2111" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2112" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2113" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-2114" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Net loss </td> <td id="new_id-2115" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2116" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2117" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(5,318</td> <td id="new_id-2118" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> <td id="new_id-2119" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2120" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2121" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(3,909</td> <td id="new_id-2122" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Net loss attributable to non-controlling interests </td> <td id="new_id-2123" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2124" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2125" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(5</td> <td id="new_id-2126" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> <td id="new_id-2127" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2128" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2129" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(100</td> <td id="new_id-2130" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Net loss attributable to JAKKS Pacific, Inc. </td> <td id="new_id-2131" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2132" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2133" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(5,313</td> <td id="new_id-2134" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> <td id="new_id-2135" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2136" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2137" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(3,809</td> <td id="new_id-2138" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Preferred stock dividend * </td> <td id="new_id-2139" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2140" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2141" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">367</td> <td id="new_id-2142" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2143" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2144" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2145" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">346</td> <td id="new_id-2146" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Net loss attributable to common stockholders ** </td> <td id="new_id-2147" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2148" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td> <td id="new_id-2149" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(5,680</td> <td id="new_id-2150" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> <td id="new_id-2151" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2152" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td> <td id="new_id-2153" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(4,155</td> <td id="new_id-2154" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Weighted average common shares outstanding - basic and diluted </td> <td id="new_id-2155" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2156" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td id="new_id-2157" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">9,871</td> <td id="new_id-2158" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2159" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2160" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td id="new_id-2161" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">9,588</td> <td id="new_id-2162" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Loss per share available to common stockholder - basic and diluted </td> <td id="new_id-2163" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2164" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2165" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(0.58</td> <td id="new_id-2166" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;">)</td> <td id="new_id-2167" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2168" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2169" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(0.43</td> <td id="new_id-2170" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;">)</td> </tr> </table> * The 200,000 shares issued and outstanding are non-participating. ** Net loss attributable to common stockholders was computed by deducting preferred dividends of $0.4 million and $0.3 million for the three months ended March 31, 2023 and 2022, respectively.

-5318000

-3909000

-5000

-100000

-5313000

-3809000

367000

346000

-5680000

-4155000

9871000 9588000 -0.58 -0.43

200000

400000

300000

494106

310907

Note 9 — Common Stock and Preferred Stock Common Stock All issuances of common stock, including those issued pursuant to restricted stock or unit grants, are issued from the Company’s authorized but not issued and outstanding shares. During 2022, certain employees, including two executive officers, surrendered an aggregate of 113,162 shares of restricted stock units for $1.4 million to cover income taxes due on the vesting of restricted shares. Additionally, an aggregate of 149,238 shares of restricted stock granted in 2019 with a value of approximately $2.2 million was forfeited during 2022. During 2023, certain employees, including two executive officers, surrendered an aggregate of 69,358 shares of restricted stock for $1.2 million to cover income taxes due on the vesting of restricted shares. Additionally, an aggregate of 2,206 shares of restricted stock granted in 2019 with the value of approximately $41,000 was forfeited during 2023. No dividend was declared or paid in the three months ended March 31, 2023 and 2022. At the Market Offering On July 1, 2022, the Company entered into an At the Market Issuance Sales Agreement (“ATM Agreement”) with B. Riley, as agent pursuant to which the Company may, from time to time, sell shares of its common stock, up to $75 million of common stock, in one or more offerings in amounts, prices and at terms that the Company will determine at the time of the offering. As of March 31, 2023, the Company has not sold any shares of common stock under the ATM Agreement. The Company has on file with the SEC an effective registration statement pursuant to which it may issue, from time to time, up to an additional $75 million of securities consisting of, or any combination of, common stock, preferred stock, debt securities, warrants, rights and/or units, in one or more offerings in amounts, prices and at terms that the Company will determine at the time of the offering. As of March 31, 2023, the Company has not sold any securities pursuant to its shelf registration statement. Redeemable Preferred Stock On August 9, 2019, the Company entered into and consummated multiple, binding definitive agreements (collectively, the “Recapitalization Transaction”) among various investor parties to recapitalize the Company’s balance sheet. In connection with the Recapitalization Transaction, the Company issued 200,000 shares of Series A Senior Preferred Stock (the “Series A Preferred Stock”), $0.001 par value per share, to the Investor Parties (the “New Preferred Equity”). As of March 31, 2023 and December 31, 2022, 200,000 shares of Series A Preferred Stock were outstanding. Each share of Series A Preferred Stock has an initial value of $100 per share, which is automatically increased for any accrued and unpaid dividends (the “Accreted Value”). The Series A Preferred Stock has the right to receive dividends on a quarterly basis equal to 6.0% per annum, payable in cash or, if not paid in cash, by an automatic accretion of the Series A Preferred Stock. No cash dividends have been declared or paid. For the three months ended March 31, 2023 and 2022, the Company recorded $0.4 million and $0.3 million, respectively, of preferred stock dividends as an increase in the value of the Series A Preferred Stock. The Series A Preferred Stock has no stated maturity, however, the Company has the right to redeem all or a portion of the Series A Preferred Stock at its Liquidation Preference (as defined below) at any time after payment in full of the 2019 Recap Term Loan. In addition, upon the occurrence of certain change of control type events, holders of the Series A Preferred Stock are entitled to receive an amount (the “Liquidation Preference”), in preference to holders of Common Stock or other junior stock, equal to (i) 20% of the Accreted Value in the case of a certain specified transaction, or (ii) otherwise, 150% of the Accreted value, plus any accrued and unpaid dividends. The Company has the right, but is not required, to repurchase all or a portion of the Series A Preferred Stock at its Liquidation Preference at any time after payment in full of the 2019 Recap Term Loan. The Series A Preferred Stock does not have any voting rights, except to the extent required by the Delaware General Corporation Law, except for the exclusive right to elect the Series A Preferred Directors (as described below) and except for certain approval rights over certain transactions (as described below). These approval rights require the prior consent of specified percentages of holders (or in certain cases, all holders) of the Series A Preferred Stock in order for the Company to take certain actions, including the issuance of additional shares of Series A Preferred Stock or parity stock, the issuance of senior stock, certain amendments to the Amended and Restated Certificate of Incorporation, the Certificate of Designations of the Series A Preferred Stock (the “Certificate of Designations”), the Second Amended and Restated By-laws or the Amended and Restated Nominating and Corporate Governance Committee Charter, material changes in the Company’s line of business and certain change of control type transactions. In addition, the Certificate of Designations provides that the approval of at least six directors is required for any related person transaction within the meaning of Item 404 of Regulation S-K under the Securities Act of 1933, as amended, including, without limitation, the adoption of, or any amendment, modification or waiver of, any agreement or arrangement related to any such transaction. The Certificate of Designations also includes restrictions on the ability of the Company to pay dividends on or make distributions with respect to, or redeem or repurchase, shares of Common Stock or other junior stock. In addition, holders of the Series A Preferred Stock have preemptive rights regarding future issuance of Series A Preferred Stock or parity stock. In 2022, an agreement was reached with the preferred shareholders to eliminate their ability to elect members to the Company’s Board of Directors on a going-forward basis. The Series A Preferred Stock redemption amount is contingent upon certain events with no stated redemption date as of the reporting date, although may become redeemable in the future. In accordance with the SEC guidance within ASC Topic 480, Distinguishing Liabilities from Equity: Classification and Measurement of Redeemable Securities, the Company classified the Series A Preferred Stock as temporary equity as the Series A Preferred Stock contains a redemption feature which is contingent upon certain deemed liquidation events, the occurrence of which may not solely be within the control of the Company. Under ASC 815, Derivatives and Hedging, certain contractual terms that meet the accounting definition of a derivative must be accounted for separately from the financial instrument in which they are embedded. The Company has concluded that the redemption upon a change of control and the repurchase option by the Company constitute embedded derivatives. The embedded redemption upon a change of control must be accounted for separately from the Series A Preferred Stock. The redemption provision specifies if certain events that constitute a change of control occur, the Company may be required to settle the Series A Preferred Stock at 150% of its accreted amount. Accordingly, the redemption provision meets the definition of a derivative, and its economic characteristics are not considered clearly and closely related to the economic characteristics of the Series A Preferred Stock, and is more akin to a debt instrument than equity. The Company considers the repurchase option to have no value as the likelihood is remote that this event, within the Company’s control, would ever occur. The liability is accounted for at fair value, with changes in fair value recognized as other income (expense) on the Company's condensed consolidated statements of operations (see Note 15 – Fair Value Measurement). The value of the redemption provision explicitly considered the present value of the potential premium that would be paid related to, and the probability of, an event that would trigger its payment. The probability of a triggering event was based on management’s estimates of the probability of a change of control event occurring. Accordingly, these two embedded derivatives are accounted for separately from the Series A Preferred Stock at fair value. As of March 31, 2023, the Series A Preferred Stock is recorded in temporary equity at the amount of accrued, but unpaid dividends of $4.9 million, and the redemption provision, as a bifurcated derivative, is recorded as a long-term liability with an estimated value of $21.8 million. As of December 31, 2022, the Series A Preferred Stock is recorded in temporary equity at the amount of accrued, but unpaid dividends of $4.5 million, and the redemption provision, as a bifurcated derivative, is recorded as a long-term liability with an estimated value of $21.9 million. As of March 31, 2023, the Series A Preferred Stock had a carrying value of $24.9 million and a liquidation value of $37.3 million. As of December 31, 2022, the Series A Preferred Stock had a carrying value of $24.5 million and a liquidation value of $36.7 million. The following table provides a reconciliation of the beginning and ending balances of the Series A Preferred Stock, which is recorded in temporary equity: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2171" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2172" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-2173" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2174" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2175" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-2176" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Balance, January 1, </td> <td id="new_id-2177" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2178" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2179" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">4,490</td> <td id="new_id-2180" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2181" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2182" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2183" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">3,074</td> <td id="new_id-2184" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Preferred stock accrued dividends </td> <td id="new_id-2185" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2186" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2187" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">367</td> <td id="new_id-2188" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2189" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2190" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2191" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">346</td> <td id="new_id-2192" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Balance, March 31, </td> <td id="new_id-2193" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2194" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2195" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">4,857</td> <td id="new_id-2196" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2197" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2198" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2199" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">3,420</td> <td id="new_id-2200" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table>

113162

1.4

149238

2.2

69358

1.2

2206

41000

75000000 75000000

200000

0.001

200000

100 0.06

400000

300000

0.20 1.50

4900000

21800000

4500000

21900000

24900000

37300000

24500000

36700000

The following table provides a reconciliation of the beginning and ending balances of the Series A Preferred Stock, which is recorded in temporary equity: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2171" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2172" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-2173" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2174" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2175" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-2176" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Balance, January 1, </td> <td id="new_id-2177" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2178" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2179" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">4,490</td> <td id="new_id-2180" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2181" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2182" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2183" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">3,074</td> <td id="new_id-2184" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Preferred stock accrued dividends </td> <td id="new_id-2185" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2186" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2187" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">367</td> <td id="new_id-2188" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2189" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2190" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2191" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">346</td> <td id="new_id-2192" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Balance, March 31, </td> <td id="new_id-2193" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2194" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2195" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">4,857</td> <td id="new_id-2196" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2197" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2198" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2199" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">3,420</td> <td id="new_id-2200" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table>

Note 10 — Joint Ventures In November 2014, the Company entered into a joint venture with Meisheng Culture & Creative Corp., Ltd., (“MC&C”) for the purpose of providing certain JAKKS licensed and non-licensed toys and consumer products to agreed-upon territories of the People’s Republic of China. The joint venture includes a subsidiary in the Shanghai Free Trade Zone that sells, distributes and markets these products, which include dolls, plush, role play products, action figures, costumes, seasonal items, technology and app-enhanced toys, based on top entertainment licenses and JAKKS’ own proprietary brands. The Company owns fifty-one percent of the joint venture and consolidates the joint venture since control rests with the Company. The non-controlling interest’s share of the loss was $5,000 and $0.1 million for the three months ended March 31, 2023 and 2022, respectively. In October 2016, the Company entered into a joint venture with Hong Kong Meisheng Cultural Company Limited ("Meisheng"), a Hong Kong-based subsidiary of Meisheng Culture & Creative Corp., for the purpose of creating and developing original, multiplatform content for children including new short-form series and original shows. JAKKS and Meisheng each own fifty percent of the joint venture and will jointly own the content. JAKKS will retain merchandising rights for kids’ consumer products in all markets except China, which Meisheng Culture & Creative Corp. will oversee through the Company’s existing distribution joint venture. The results of operations of the joint venture are consolidated with the Company's results. The non-controlling interest’s share of the income (loss) from the joint venture for the three months ended March 31, 2023 and 2022 was nil.

0.51

5000

100000

0.50

Note 11 — Goodwill The Company applies a fair value-based impairment test to the carrying value of goodwill and indefinite-lived intangible assets on an annual basis and, on an interim basis, if certain events or circumstances indicate that an impairment loss may have been incurred. Goodwill impairment exists when the estimated fair value of goodwill is less than its carrying value. For the three months ended March 31, 2023, there were no events or circumstances that indicated that an impairment loss may have been incurred.

Note 12 — Comprehensive Loss The table below presents the components of the Company’s comprehensive loss for the three months ended March 31, 2023 and 2022 (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2201" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-2202" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Three Months Ended </td> <td id="new_id-2203" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2204" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-2205" rowspan="1" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, </td> <td id="new_id-2206" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2207" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2208" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-2209" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2210" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2211" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-2212" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Net loss </td> <td id="new_id-2213" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2214" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2215" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(5,318</td> <td id="new_id-2216" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> <td id="new_id-2217" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2218" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2219" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(3,909</td> <td id="new_id-2220" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Other comprehensive income (loss): </td> <td id="new_id-2221" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2222" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2223" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2224" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2225" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2226" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2227" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2228" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Foreign currency translation adjustment </td> <td id="new_id-2229" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2230" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2231" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">332</td> <td id="new_id-2232" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2233" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2234" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2235" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(662</td> <td id="new_id-2236" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Comprehensive loss </td> <td id="new_id-2237" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2238" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2239" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(4,986</td> <td id="new_id-2240" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> <td id="new_id-2241" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2242" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2243" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(4,571</td> <td id="new_id-2244" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Less: Comprehensive loss attributable to non-controlling interests </td> <td id="new_id-2245" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2246" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2247" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(5</td> <td id="new_id-2248" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> <td id="new_id-2249" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2250" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2251" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(100</td> <td id="new_id-2252" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Comprehensive loss attributable to JAKKS Pacific, Inc. </td> <td id="new_id-2253" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2254" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2255" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(4,981</td> <td id="new_id-2256" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;">)</td> <td id="new_id-2257" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2258" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2259" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(4,471</td> <td id="new_id-2260" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;">)</td> </tr> </table>

The table below presents the components of the Company’s comprehensive loss for the three months ended March 31, 2023 and 2022 (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2201" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-2202" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Three Months Ended </td> <td id="new_id-2203" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2204" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-2205" rowspan="1" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, </td> <td id="new_id-2206" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2207" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2208" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-2209" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2210" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2211" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-2212" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Net loss </td> <td id="new_id-2213" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2214" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2215" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(5,318</td> <td id="new_id-2216" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> <td id="new_id-2217" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2218" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2219" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(3,909</td> <td id="new_id-2220" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Other comprehensive income (loss): </td> <td id="new_id-2221" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2222" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2223" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2224" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2225" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2226" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2227" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2228" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Foreign currency translation adjustment </td> <td id="new_id-2229" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2230" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2231" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">332</td> <td id="new_id-2232" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2233" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2234" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2235" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(662</td> <td id="new_id-2236" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Comprehensive loss </td> <td id="new_id-2237" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2238" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2239" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(4,986</td> <td id="new_id-2240" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> <td id="new_id-2241" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2242" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2243" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">(4,571</td> <td id="new_id-2244" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Less: Comprehensive loss attributable to non-controlling interests </td> <td id="new_id-2245" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2246" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2247" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(5</td> <td id="new_id-2248" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> <td id="new_id-2249" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2250" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2251" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(100</td> <td id="new_id-2252" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Comprehensive loss attributable to JAKKS Pacific, Inc. </td> <td id="new_id-2253" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2254" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2255" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(4,981</td> <td id="new_id-2256" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;">)</td> <td id="new_id-2257" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2258" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2259" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(4,471</td> <td id="new_id-2260" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;">)</td> </tr> </table>

-5318000

-3909000

332000

-662000

-4986000

-4571000

-5000

-100000

-4981000

-4471000

Note 13 — Litigation and Contingencies The Company is a party to, and certain of its property is the subject of, various pending claims and legal proceedings that routinely arise in the ordinary course of its business. The Company accrues for losses when the loss is deemed probable and the liability can reasonably be estimated. Where a liability is probable and there is a range of estimated loss with no best estimate in the range, the Company records the minimum estimated liability related to the claim. As additional information becomes available, the Company assesses the potential liability related to its pending litigation and revises its estimates. In the normal course of business, the Company may provide certain indemnifications and/or other commitments of varying scope to a) its licensors, customers and certain other parties, including against third-party claims of intellectual property infringement, and b) its officers, directors and employees, including against third-party claims regarding the periods in which they serve in such capacities with the Company. The duration and amount of such obligations is, in certain cases, indefinite. The Company's director’s and officer’s liability insurance policy may, however, enable it to recover a portion of any future payments related to its officer, director or employee indemnifications. For the past five years, costs related to director and officer indemnifications have not been significant. Other than certain liabilities recorded in the normal course of business related to royalty payments due to the Company's licensors, no liabilities have been recorded for indemnifications and/or other commitments.

Note 14 — Share-Based Payments The Company’s 2002 Stock Award and Incentive Plan (the “Plan”), as amended, provides for the awarding of stock options, restricted stock and restricted stock units to certain key employees, executive officers and non-employee directors. Current awards under the Plan include grants to executive officers and certain key employees of restricted stock units, with vesting contingent upon (a) the completion of specified service periods ranging from one to four years and/or (b) meeting certain financial performance and/or market-based metrics. Shares for the restricted stock units are not issued until they vest. The following table summarizes the total share-based compensation expense recognized for the three months ended March 31, 2023 and 2022 (in thousands) <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2261" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-2262" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Three Months Ended </td> <td id="new_id-2263" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2264" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-2265" rowspan="1" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, </td> <td id="new_id-2266" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2267" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2268" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-2269" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2270" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2271" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-2272" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Share-based compensation expense </td> <td id="new_id-2273" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2274" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2275" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">2,089</td> <td id="new_id-2276" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2277" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2278" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2279" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">870</td> <td id="new_id-2280" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> Restricted Stock Units Restricted stock unit activity (including those with performance-based vesting criteria) for the three months ended March 31, 2023 is summarized as follows: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2281" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-2282" rowspan="1" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Restricted Stock Units </td> <td id="new_id-2283" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2284" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2285" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Number of Shares </td> <td id="new_id-2286" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2287" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2288" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Weighted Average Grant Date Fair Value </td> <td id="new_id-2289" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Outstanding, December 31, 2022 </td> <td id="new_id-2290" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2291" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2292" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">1,408,586</td> <td id="new_id-2293" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2294" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2295" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2296" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">12.82</td> <td id="new_id-2297" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Granted </td> <td id="new_id-2298" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2299" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2300" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">278,081</td> <td id="new_id-2301" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2302" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2303" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2304" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">17.49</td> <td id="new_id-2305" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Vested </td> <td id="new_id-2306" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2307" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2308" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(191,423</td> <td id="new_id-2309" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> <td id="new_id-2310" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2311" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2312" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">8.44</td> <td id="new_id-2313" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Outstanding, March 31, 2023 </td> <td id="new_id-2314" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2315" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td id="new_id-2316" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">1,495,244</td> <td id="new_id-2317" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2318" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2319" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2320" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">14.25</td> <td id="new_id-2321" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> As of March 31, 2023, there was $17.4 million of total unrecognized compensation cost related to non-vested restricted stock units, which is expected to be recognized over a weighted-average period of 2.5 years.

P1Y

P4Y

The following table summarizes the total share-based compensation expense recognized for the three months ended March 31, 2023 and 2022 (in thousands) <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2261" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-2262" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Three Months Ended </td> <td id="new_id-2263" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2264" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-2265" rowspan="1" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, </td> <td id="new_id-2266" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2267" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2268" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-2269" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2270" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2271" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-2272" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Share-based compensation expense </td> <td id="new_id-2273" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2274" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2275" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">2,089</td> <td id="new_id-2276" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2277" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2278" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2279" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">870</td> <td id="new_id-2280" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table>

2089000

870000

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2281" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="6" id="new_id-2282" rowspan="1" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Restricted Stock Units </td> <td id="new_id-2283" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2284" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2285" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Number of Shares </td> <td id="new_id-2286" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2287" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2288" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Weighted Average Grant Date Fair Value </td> <td id="new_id-2289" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Outstanding, December 31, 2022 </td> <td id="new_id-2290" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2291" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2292" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">1,408,586</td> <td id="new_id-2293" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2294" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2295" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2296" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">12.82</td> <td id="new_id-2297" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Granted </td> <td id="new_id-2298" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2299" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2300" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">278,081</td> <td id="new_id-2301" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2302" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2303" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2304" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">17.49</td> <td id="new_id-2305" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Vested </td> <td id="new_id-2306" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2307" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2308" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(191,423</td> <td id="new_id-2309" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> <td id="new_id-2310" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2311" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2312" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">8.44</td> <td id="new_id-2313" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Outstanding, March 31, 2023 </td> <td id="new_id-2314" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2315" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td id="new_id-2316" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">1,495,244</td> <td id="new_id-2317" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2318" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2319" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2320" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">14.25</td> <td id="new_id-2321" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table>

1408586

12.82

278081

17.49

191423

8.44

1495244

14.25

17400000

P2Y6M

Note 15 — Fair Value Measurements Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Company uses various methods including market, income and cost approaches. Based upon these approaches, the Company often utilizes certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market-corroborated, or unobservable inputs. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based upon observable inputs used in the valuation techniques, the Company is required to provide information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values into three broad levels as follows: <table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;"> <tr> <td style="vertical-align:top;width:0.8%;"> Level 1: </td> <td style="vertical-align:bottom;width:9.2%;"> Valuations for assets and liabilities traded in active markets from readily available pricing sources for market transactions involving identical assets or liabilities. </td> </tr> <tr> <td style="vertical-align:top;width:0.8%;"> Level 2: </td> <td style="vertical-align:bottom;width:9.2%;"> Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third-party pricing services for identical or similar assets or liabilities. </td> </tr> <tr> <td style="vertical-align:top;width:0.8%;"> Level 3: </td> <td style="vertical-align:bottom;width:9.2%;"> Valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. </td> </tr> </table> In instances where the determination of the fair value measurement is based upon inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based upon the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The following tables summarize the Company's financial liabilities measured at fair value on a recurring basis as of March 31, 2023 and December 31, 2022 (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2322" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="10" id="new_id-2323" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Fair Value Measurements </td> <td id="new_id-2324" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2325" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="10" id="new_id-2326" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> as of March 31, 2023 </td> <td id="new_id-2327" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2328" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2329" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Level 1 </td> <td id="new_id-2330" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2331" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2332" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Level 2 </td> <td id="new_id-2333" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2334" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2335" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Level 3 </td> <td id="new_id-2336" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td> </td> <td id="new_id-2337"> </td> <td id="new_id-2338"> </td> <td id="new_id-2339"> </td> <td id="new_id-2340"> </td> <td id="new_id-2341"> </td> <td id="new_id-2342"> </td> <td id="new_id-2343"> </td> <td id="new_id-2344"> </td> <td id="new_id-2345"> </td> <td id="new_id-2346"> </td> <td id="new_id-2347"> </td> <td id="new_id-2348"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 55%;"> Preferred stock derivative liability </td> <td id="new_id-2349" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2350" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2351" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">—</td> <td id="new_id-2352" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2353" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2354" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2355" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">—</td> <td id="new_id-2356" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2357" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2358" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2359" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">21,771</td> <td id="new_id-2360" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2361" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="10" id="new_id-2362" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Fair Value Measurements </td> <td id="new_id-2363" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2364" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="10" id="new_id-2365" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> as of December 31, 2022 </td> <td id="new_id-2366" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2367" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2368" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Level 1 </td> <td id="new_id-2369" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2370" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2371" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Level 2 </td> <td id="new_id-2372" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2373" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2374" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Level 3 </td> <td id="new_id-2375" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td> </td> <td id="new_id-2376"> </td> <td id="new_id-2377"> </td> <td id="new_id-2378"> </td> <td id="new_id-2379"> </td> <td id="new_id-2380"> </td> <td id="new_id-2381"> </td> <td id="new_id-2382"> </td> <td id="new_id-2383"> </td> <td id="new_id-2384"> </td> <td id="new_id-2385"> </td> <td id="new_id-2386"> </td> <td id="new_id-2387"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 55%;"> Preferred stock derivative liability </td> <td id="new_id-2388" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2389" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2390" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">—</td> <td id="new_id-2391" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2392" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2393" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2394" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">—</td> <td id="new_id-2395" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2396" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2397" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2398" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">21,918</td> <td id="new_id-2399" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> The following tables provide a reconciliation of the beginning and ending balances of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Preferred stock derivative liability </td> <td id="new_id-2400" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2401" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-2402" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2403" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2404" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-2405" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Balance, January 1, </td> <td id="new_id-2406" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2407" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2408" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">21,918</td> <td id="new_id-2409" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2410" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2411" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2412" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">21,282</td> <td id="new_id-2413" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Change in fair value </td> <td id="new_id-2414" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2415" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2416" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(147</td> <td id="new_id-2417" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> <td id="new_id-2418" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2419" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2420" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">645</td> <td id="new_id-2421" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Balance, March 31, </td> <td id="new_id-2422" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2423" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2424" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">21,771</td> <td id="new_id-2425" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2426" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2427" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2428" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">21,927</td> <td id="new_id-2429" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> The Company’s Series A Preferred derivative liability is classified within Level 3 of the fair value hierarchy because unobservable inputs were used in estimating the fair value. The fair value of the redemption provision embedded in the Series A Preferred Stock is estimated based on a discounted cash flow model and probability assumptions based on management’s estimates of a change of control event occurring. The value of the redemption provision explicitly considered the present value of the potential premium that would be paid related to, and the probability of, an event that would trigger its payment. In subsequent periods, the derivative liability is accounted for at fair value, with changes in fair value recognized as other income (expense) on the Company's condensed consolidated statements of operations. The following table provides quantitative information of liabilities measured at fair value and the significant unobservable inputs (Level 3), the range of the significant unobservable inputs, and the valuation techniques. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2430" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2431" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> Fair Value As of March 31, 2023 </td> <td id="new_id-2432" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 14%; border-bottom: 1px solid rgb(0, 0, 0);"> Valuation Technique </td> <td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%; border-bottom: 1px solid rgb(0, 0, 0);"> Unobservable Inputs </td> <td id="new_id-2433" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2434" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 25%;"> Range (Weighted Average) </td> <td id="new_id-2435" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2436" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2437" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> (In thousands) </td> <td id="new_id-2438" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 25%;"> </td> <td id="new_id-2439" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2440" rowspan="1" style="font-family: "Times New Roman"; font-size: 9pt; width: 25%;"> </td> <td id="new_id-2441" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 20%;"> Preferred Stock Derivative Liability </td> <td id="new_id-2442" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-2443" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-2444" style="width: 10%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">21,771</td> <td id="new_id-2445" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 14%;"> Discounted Cash Flow </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Change-in-control probability assumptions </td> <td id="new_id-2446" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2447" style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Range: 10% to 40% (27.2%) </td> <td id="new_id-2448" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2449" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2450" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2451" style="font-family: "Times New Roman"; font-size: 9pt; width: 10%;"> </td> <td id="new_id-2452" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Timing of change-in-control assumptions </td> <td id="new_id-2453" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2454" style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Range: 1 to 10 years (4.16 years) </td> <td id="new_id-2455" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2456" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2457" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2458" style="font-family: "Times New Roman"; font-size: 9pt; width: 10%;"> </td> <td id="new_id-2459" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Discount Rate </td> <td id="new_id-2460" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2461" style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Range: 18.16% to 18.91% (18.59%) </td> <td id="new_id-2462" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2463" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2464" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2465" style="font-family: "Times New Roman"; font-size: 9pt; width: 10%;"> </td> <td id="new_id-2466" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Implied yield* </td> <td id="new_id-2467" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-2468" rowspan="1" style="width: 25%; font-family: "Times New Roman"; font-size: 9pt;">11.41%*</td> <td id="new_id-2469" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2470" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2471" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> Fair Value As of December 31, 2022 </td> <td id="new_id-2472" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 14%; border-bottom: 1px solid rgb(0, 0, 0);"> Valuation Technique </td> <td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%; border-bottom: 1px solid rgb(0, 0, 0);"> Unobservable Inputs </td> <td id="new_id-2473" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2474" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 25%;"> Range (Weighted Average) </td> <td id="new_id-2475" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2476" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2477" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> (In thousands) </td> <td id="new_id-2478" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 25%;"> </td> <td id="new_id-2479" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2480" rowspan="1" style="font-family: "Times New Roman"; font-size: 9pt; width: 25%;"> </td> <td id="new_id-2481" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 20%;"> Preferred Stock Derivative Liability </td> <td id="new_id-2482" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-2483" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-2484" style="width: 10%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">21,918</td> <td id="new_id-2485" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 14%;"> Discounted Cash Flow </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Change-in-control probability assumptions </td> <td id="new_id-2486" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2487" style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Range: 10% to 40% (27.3%) </td> <td id="new_id-2488" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2489" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2490" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2491" style="font-family: "Times New Roman"; font-size: 9pt; width: 10%;"> </td> <td id="new_id-2492" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Timing of change-in-control assumptions </td> <td id="new_id-2493" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2494" style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Range: 1 to 10 years (4.19 years) </td> <td id="new_id-2495" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2496" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2497" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2498" style="font-family: "Times New Roman"; font-size: 9pt; width: 10%;"> </td> <td id="new_id-2499" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Discount Rate </td> <td id="new_id-2500" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2501" style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Range: 17.48% to 18.23% (17.70%) </td> <td id="new_id-2502" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2503" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2504" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2505" style="font-family: "Times New Roman"; font-size: 9pt; width: 10%;"> </td> <td id="new_id-2506" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Implied yield* </td> <td id="new_id-2507" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-2508" rowspan="1" style="width: 25%; font-family: "Times New Roman"; font-size: 9pt;">11.23%*</td> <td id="new_id-2509" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;"> <tr> <td style="vertical-align:bottom;width:auto;"> *Represents the implied yield of the 2021 BSP Term Loan </td> <td style="vertical-align:bottom;width:auto;"> </td> </tr> </table> The Company’s cash and cash equivalents including restricted cash, accounts receivable, accounts payable, and accrued expenses represent financial instruments. The carrying value of these financial instruments is a reasonable approximation of fair value due to the short-term nature of the instruments.

The following tables summarize the Company's financial liabilities measured at fair value on a recurring basis as of March 31, 2023 and December 31, 2022 (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2322" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="10" id="new_id-2323" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Fair Value Measurements </td> <td id="new_id-2324" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2325" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="10" id="new_id-2326" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> as of March 31, 2023 </td> <td id="new_id-2327" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2328" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2329" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Level 1 </td> <td id="new_id-2330" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2331" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2332" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Level 2 </td> <td id="new_id-2333" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2334" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2335" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Level 3 </td> <td id="new_id-2336" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td> </td> <td id="new_id-2337"> </td> <td id="new_id-2338"> </td> <td id="new_id-2339"> </td> <td id="new_id-2340"> </td> <td id="new_id-2341"> </td> <td id="new_id-2342"> </td> <td id="new_id-2343"> </td> <td id="new_id-2344"> </td> <td id="new_id-2345"> </td> <td id="new_id-2346"> </td> <td id="new_id-2347"> </td> <td id="new_id-2348"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 55%;"> Preferred stock derivative liability </td> <td id="new_id-2349" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2350" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2351" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">—</td> <td id="new_id-2352" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2353" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2354" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2355" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">—</td> <td id="new_id-2356" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2357" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2358" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2359" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">21,771</td> <td id="new_id-2360" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2361" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="10" id="new_id-2362" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Fair Value Measurements </td> <td id="new_id-2363" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2364" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="10" id="new_id-2365" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> as of December 31, 2022 </td> <td id="new_id-2366" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2367" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2368" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Level 1 </td> <td id="new_id-2369" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2370" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2371" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Level 2 </td> <td id="new_id-2372" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2373" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2374" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Level 3 </td> <td id="new_id-2375" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td> </td> <td id="new_id-2376"> </td> <td id="new_id-2377"> </td> <td id="new_id-2378"> </td> <td id="new_id-2379"> </td> <td id="new_id-2380"> </td> <td id="new_id-2381"> </td> <td id="new_id-2382"> </td> <td id="new_id-2383"> </td> <td id="new_id-2384"> </td> <td id="new_id-2385"> </td> <td id="new_id-2386"> </td> <td id="new_id-2387"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 55%;"> Preferred stock derivative liability </td> <td id="new_id-2388" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2389" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2390" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">—</td> <td id="new_id-2391" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2392" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2393" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2394" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">—</td> <td id="new_id-2395" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2396" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2397" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2398" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">21,918</td> <td id="new_id-2399" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table>

21771000

21918000

The following tables provide a reconciliation of the beginning and ending balances of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Preferred stock derivative liability </td> <td id="new_id-2400" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2401" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2023 </td> <td id="new_id-2402" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2403" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2404" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2022 </td> <td id="new_id-2405" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Balance, January 1, </td> <td id="new_id-2406" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2407" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2408" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">21,918</td> <td id="new_id-2409" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2410" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2411" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2412" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">21,282</td> <td id="new_id-2413" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Change in fair value </td> <td id="new_id-2414" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2415" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2416" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(147</td> <td id="new_id-2417" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">)</td> <td id="new_id-2418" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2419" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2420" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">645</td> <td id="new_id-2421" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Balance, March 31, </td> <td id="new_id-2422" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2423" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2424" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">21,771</td> <td id="new_id-2425" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2426" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2427" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2428" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">21,927</td> <td id="new_id-2429" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table>

21918000

21282000

-147000

645000

21771000

21927000

The following table provides quantitative information of liabilities measured at fair value and the significant unobservable inputs (Level 3), the range of the significant unobservable inputs, and the valuation techniques. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2430" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2431" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> Fair Value As of March 31, 2023 </td> <td id="new_id-2432" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 14%; border-bottom: 1px solid rgb(0, 0, 0);"> Valuation Technique </td> <td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%; border-bottom: 1px solid rgb(0, 0, 0);"> Unobservable Inputs </td> <td id="new_id-2433" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2434" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 25%;"> Range (Weighted Average) </td> <td id="new_id-2435" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2436" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2437" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> (In thousands) </td> <td id="new_id-2438" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 25%;"> </td> <td id="new_id-2439" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2440" rowspan="1" style="font-family: "Times New Roman"; font-size: 9pt; width: 25%;"> </td> <td id="new_id-2441" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 20%;"> Preferred Stock Derivative Liability </td> <td id="new_id-2442" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-2443" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-2444" style="width: 10%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">21,771</td> <td id="new_id-2445" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 14%;"> Discounted Cash Flow </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Change-in-control probability assumptions </td> <td id="new_id-2446" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2447" style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Range: 10% to 40% (27.2%) </td> <td id="new_id-2448" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2449" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2450" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2451" style="font-family: "Times New Roman"; font-size: 9pt; width: 10%;"> </td> <td id="new_id-2452" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Timing of change-in-control assumptions </td> <td id="new_id-2453" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2454" style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Range: 1 to 10 years (4.16 years) </td> <td id="new_id-2455" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2456" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2457" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2458" style="font-family: "Times New Roman"; font-size: 9pt; width: 10%;"> </td> <td id="new_id-2459" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Discount Rate </td> <td id="new_id-2460" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2461" style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Range: 18.16% to 18.91% (18.59%) </td> <td id="new_id-2462" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2463" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2464" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2465" style="font-family: "Times New Roman"; font-size: 9pt; width: 10%;"> </td> <td id="new_id-2466" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Implied yield* </td> <td id="new_id-2467" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-2468" rowspan="1" style="width: 25%; font-family: "Times New Roman"; font-size: 9pt;">11.41%*</td> <td id="new_id-2469" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2470" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2471" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> Fair Value As of December 31, 2022 </td> <td id="new_id-2472" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 14%; border-bottom: 1px solid rgb(0, 0, 0);"> Valuation Technique </td> <td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%; border-bottom: 1px solid rgb(0, 0, 0);"> Unobservable Inputs </td> <td id="new_id-2473" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2474" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 25%;"> Range (Weighted Average) </td> <td id="new_id-2475" style="font-family: "Times New Roman"; font-size: 9pt; padding-bottom: 1px; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt;"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2476" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2477" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> (In thousands) </td> <td id="new_id-2478" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 25%;"> </td> <td id="new_id-2479" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2480" rowspan="1" style="font-family: "Times New Roman"; font-size: 9pt; width: 25%;"> </td> <td id="new_id-2481" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 20%;"> Preferred Stock Derivative Liability </td> <td id="new_id-2482" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td id="new_id-2483" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td> <td id="new_id-2484" style="width: 10%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">21,918</td> <td id="new_id-2485" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 14%;"> Discounted Cash Flow </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Change-in-control probability assumptions </td> <td id="new_id-2486" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2487" style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Range: 10% to 40% (27.3%) </td> <td id="new_id-2488" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2489" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2490" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2491" style="font-family: "Times New Roman"; font-size: 9pt; width: 10%;"> </td> <td id="new_id-2492" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Timing of change-in-control assumptions </td> <td id="new_id-2493" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2494" style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Range: 1 to 10 years (4.19 years) </td> <td id="new_id-2495" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2496" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2497" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2498" style="font-family: "Times New Roman"; font-size: 9pt; width: 10%;"> </td> <td id="new_id-2499" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Discount Rate </td> <td id="new_id-2500" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td colspan="2" id="new_id-2501" style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Range: 17.48% to 18.23% (17.70%) </td> <td id="new_id-2502" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> </tr> <tr style="vertical-align: bottom; font-size: 9pt; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 20%;"> </td> <td id="new_id-2503" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2504" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td id="new_id-2505" style="font-family: "Times New Roman"; font-size: 9pt; width: 10%;"> </td> <td id="new_id-2506" style="font-family: "Times New Roman"; font-size: 9pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; width: 14%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 1%;"> </td> <td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; width: 25%;"> Implied yield* </td> <td id="new_id-2507" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td> <td colspan="2" id="new_id-2508" rowspan="1" style="width: 25%; font-family: "Times New Roman"; font-size: 9pt;">11.23%*</td> <td id="new_id-2509" style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;"> <tr> <td style="vertical-align:bottom;width:auto;"> *Represents the implied yield of the 2021 BSP Term Loan </td> <td style="vertical-align:bottom;width:auto;"> </td> </tr> </table>

21771000

Discounted Cash Flow Change-in-control probability assumptions

-27.2

Timing of change-in-control assumptions

4.16

Discount Rate

18.16

18.91

-18.59

Implied yield*

11.41

21918000

Discounted Cash Flow Change-in-control probability assumptions

-27.3

Timing of change-in-control assumptions

4.19

Discount Rate

17.48

18.23

-17.7

Implied yield*

11.23

Note 16 — Related Party Transactions In November 2014, the Company entered into a joint venture with MC&C for the purpose of providing certain JAKKS licensed and non-licensed toys and consumer products to agreed-upon territories of the People’s Republic of China (see Note 10 – Joint Ventures). In October 2016, the Company entered into a joint venture with Hong Kong Meisheng Cultural Company Limited, a Hong Kong-based subsidiary of Meisheng Culture & Creative Corp, for the purpose of creating and developing original, multiplatform content for children including new short-form series and original shows (see Note 10 – Joint Ventures). In March 2017, the Company entered into an equity purchase agreement with Meisheng which provided, among other things, that as long as Meisheng and its affiliates hold 10% or more of the issued and outstanding shares of common stock of the Company, Meisheng shall have the right from time to time to designate a nominee (who currently is Mr. Xiaoqiang Zhao) for election to the Company’s board of directors. Meisheng also serves as a significant manufacturer of the Company. For the three months ended March 31, 2023 and 2022, the Company made inventory-related payments to Meisheng of approximately $9.3 million and $15.5 million, respectively. As of March 31, 2023 and December 31, 2022, amounts due to Meisheng for inventory received by the Company, but not paid totaled $8.0 million and $9.8 million, respectively. A director of the Company is a director at Benefit Street Partners, who owns 145,788 shares of the Series A Preferred Stock (see Note 9 – Common Stock and Preferred Stock). As of March 31, 2023, a division of Benefit Street Partners held $30.2 million in principal amount of the 2021 BSP Term Loan (see Note 5 - Debt).

9300000

15500000

8000000 9800000

145788

30200000

Note 17 — Prepaid Expenses and Other Assets Prepaid expenses and other assets as of March 31,2023 and December 31, 2022 consist of the following (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2510" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2511" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, 2023 </td> <td id="new_id-2512" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2513" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2514" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2022 </td> <td id="new_id-2515" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Royalty advances </td> <td id="new_id-2516" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2517" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2518" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">5,767</td> <td id="new_id-2519" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2520" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2521" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2522" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">1,822</td> <td id="new_id-2523" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Prepaid expenses </td> <td id="new_id-2524" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2525" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2526" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">4,482</td> <td id="new_id-2527" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2528" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2529" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2530" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">994</td> <td id="new_id-2531" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Income tax receivable </td> <td id="new_id-2532" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2533" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2534" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">2,220</td> <td id="new_id-2535" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2536" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2537" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2538" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">2,217</td> <td id="new_id-2539" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Employee retention credit </td> <td id="new_id-2540" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2541" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2542" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">265</td> <td id="new_id-2543" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2544" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2545" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2546" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">1,179</td> <td id="new_id-2547" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Other assets </td> <td id="new_id-2548" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2549" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2550" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">115</td> <td id="new_id-2551" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2552" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2553" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2554" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">119</td> <td id="new_id-2555" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Prepaid expenses and other assets </td> <td id="new_id-2556" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2557" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2558" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">12,849</td> <td id="new_id-2559" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2560" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2561" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2562" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">6,331</td> <td id="new_id-2563" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table>

Prepaid expenses and other assets as of March 31,2023 and December 31, 2022 consist of the following (in thousands): <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2510" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2511" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> March 31, 2023 </td> <td id="new_id-2512" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td id="new_id-2513" style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" id="new_id-2514" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2022 </td> <td id="new_id-2515" style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; width: 70%;"> Royalty advances </td> <td id="new_id-2516" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2517" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2518" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">5,767</td> <td id="new_id-2519" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2520" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2521" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">$</td> <td id="new_id-2522" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">1,822</td> <td id="new_id-2523" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Prepaid expenses </td> <td id="new_id-2524" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2525" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2526" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">4,482</td> <td id="new_id-2527" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2528" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2529" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2530" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">994</td> <td id="new_id-2531" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Income tax receivable </td> <td id="new_id-2532" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2533" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2534" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">2,220</td> <td id="new_id-2535" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2536" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2537" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2538" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">2,217</td> <td id="new_id-2539" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Employee retention credit </td> <td id="new_id-2540" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2541" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2542" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">265</td> <td id="new_id-2543" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2544" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2545" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2546" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">1,179</td> <td id="new_id-2547" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Other assets </td> <td id="new_id-2548" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2549" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2550" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">115</td> <td id="new_id-2551" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2552" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2553" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td id="new_id-2554" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">119</td> <td id="new_id-2555" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> Prepaid expenses and other assets </td> <td id="new_id-2556" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2557" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2558" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">12,849</td> <td id="new_id-2559" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> <td id="new_id-2560" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td id="new_id-2561" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td id="new_id-2562" style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">6,331</td> <td id="new_id-2563" style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td> </tr> </table>

5767000

1822000

4482000

994000

2220000

2217000

265000 1179000

115000

119000

12849000

6331000

false --12-31 Q1 2023 0001009829 The term loan was valued using the discounted cash flow method to determine the implied debt discount. The debt discount and issuance costs are amortized over the life of the term loan on a straight-line basis which approximates the effective interest method. The 200,000 shares issued and outstanding are non-participating. Net loss attributable to common stockholders was computed by deducting preferred dividends of $0.4 million and $0.3 million for the three months ended March 31, 2023 and 2022, respectively. Represents the implied yield of the 2021 BSP Term Loan