v3.25.4

Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2025
Segment and Geographic Information [Abstract] |
Schedule of Company’s Single Operating Segment | The following presents selected financial information with respect to the Company’s single operating segment:
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |
Revenues |  | $ | 100,622,320 |  |  | $ | 95,488,190 |
Expenses |  |  |  |  |  |  |  |
Programming and content |  | $ | 86,377,511 |  |  | $ | 120,071,966 |
Other cost of services |  |  | 21,006,322 |  |  |  | 18,400,300 |
General and administrative |  |  | 48,738,522 |  |  |  | 36,646,307 |
Research and development |  |  | 18,743,630 |  |  |  | 18,923,319 |
Sales and marketing |  |  | 23,892,235 |  |  |  | 17,330,925 |
Acquisition-related transaction costs |  |  | 13,303,532 |  |  |  | - |
Amortization and depreciation |  |  | 14,564,535 |  |  |  | 13,614,587 |
Change in fair value of digital assets |  |  | 649,638 |  |  |  | - |
Change in fair value of contingent consideration |  |  | - |  |  |  | 1,354,357 |
Total expenses |  |  | 227,275,925 |  |  |  | 226,341,761 |
Loss from operations |  |  | (126,653,605 | ) |  |  | (130,853,571 | )
Interest income |  |  | 10,419,139 |  |  |  | 8,083,903 |
Other expense |  |  | (10,643 | ) |  |  | (207,431 | )
Change in fair value of warrant liability |  |  | 24,781,975 |  |  |  | (32,694,697 | )
Change in fair value of derivative |  |  | 9,700,000 |  |  |  | (184,699,998 | )
Loss before income taxes |  |  | (81,763,134 | ) |  |  | (340,371,794 | )
Income tax (expense) benefit |  |  | (67,228 | ) |  |  | 2,009,015 |
Net loss |  | $ | (81,830,362 | ) |  | $ | (338,362,779 | )
Schedule of Revenue by Geographic Region | The following presents revenue by geographic region:
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |
United States |  | $ | 90,893,137 |  |  | $ | 89,094,815 |
Canada |  |  | 1,175,959 |  |  |  | 1,928,280 |
Other |  |  | 8,553,224 |  |  |  | 4,465,095 |
|  | $ | 100,622,320 |  |  | $ | 95,488,190 |
Schedule of Long Lived Assets | The Company tracks assets by physical location. Long-lived assets consist of property and equipment, net, and right-of-use assets, net, as shown below:
|  | As of December 31, |
|  | 2025 |  |  | 2024 |
United States |  | $ | 16,611,488 |  |  | $ | 18,315,173 |
Canada |  |  | 1,435,911 |  |  |  | 506,003 |
|  | $ | 18,047,399 |  |  | $ | 18,821,176 |

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