XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Total revenues $ 119,720 $ 7,295
Operating expenses    
Subscriber related expenses 113,307
Broadcasting and transmission 10,551
Sales and marketing 22,143
Technology and development 11,438
General and administrative 18,154 20,203
Depreciation and amortization 9,209 5,220
Total operating expenses 184,802 25,423
Operating loss (65,082) (18,128)
Other income (expense)    
Interest expense and financing costs (2,454) (2,581)
Amortization of debt discount (2,512)
Loss on issuance of notes, bonds, and warrants (24,053)
Loss on deconsolidation of Nexway (11,919)
Change in fair value of warrant liabilities (585) (366)
Change in fair value of subsidiary warrant liabilities (15)
Change in fair value of shares settled liability (180)
Change in fair value of derivative liability 297
Other expense (18) (436)
Total other expense (5,569) (39,253)
Loss before income taxes (70,651) (57,381)
Income tax benefit 465 1,038
Net loss (70,186) (56,343)
Less: net loss attributable to non-controlling interest 76 873
Net loss attributable to controlling interest (70,110) (55,470)
Less: Deemed dividend - beneficial conversion feature on preferred stock (171)
Net loss attributable to common stockholders $ (70,110) $ (55,641)
Net loss per share attributable to common stockholders    
Basic and diluted $ (0.59) $ (1.83)
Weighted average shares outstanding:    
Basic and diluted 118,584,166 30,338,073
Subscriptions [Member]    
Revenues    
Total revenues $ 107,114
Advertisements [Member]    
Revenues    
Total revenues 12,606
Other [Member]    
Revenues    
Total revenues $ 7,295