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Segments
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segments

Note 12 – Segments

 

Prior to the third quarter of 2021, the Company operated its business and reported its results through a single reportable segment. As a result of the launch of the Company’s online wagering business, the Company began to operate its business and report its results through two operating and reportable segments: streaming and online wagering.

 

Operating segments are components of the Company for which separate discrete financial information is available to and evaluated regularly by the chief operating decision maker (“CODM”), who is the Company’s Chief Executive Officer, in making decisions regarding resource allocation and assessing performance. The CODM assesses a combination of metrics such as revenue and adjusted operating expenses to evaluate the performance of each operating and reportable segment.

 

 

Since we launched online wagering in the states of Iowa and Arizona late in 2021, revenue generated from the online wagering segment was immaterial. Materially, all of our revenues are related to the streaming segment. The following tables set forth our financial performance by reportable segment:

   Streaming   Online Wagering   Total 
Total Revenues  $

638,350

    -   $

638,350

 
Adjusted operating expenses               
Subscriber related expenses  593,170   -   593,170 
Broadcasting and transmission  55,563    -    55,563 
Sales and marketing   132,751    6,314    139,065 
Technology and development   41,666    4,779    46,445 
General administrative   52,681    9,169    61,850 
Depreciation and amortization   37,666    215    37,881 
Total adjusted operating expenses  $913,497   $20,477   $933,974 
                
Stock-based compensation            $63,796 
Other expense            $26,224 

Loss before income taxes

  $(275,147)  $(20,477)  $(385,644)
                
Total Assets  $1,293,188   $76,590   $1,369,778 

 

The following tables set forth our financial performance by geographical location:

 

   

Total Assets

 

  Total Revenue 
             
United States   $ 1,207,038    $634,045 
International     162,740     4,305 
Total Revenue   $ 1,369,778     638,350