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Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue

The following table provides information about disaggregated revenue by product line, geographical market and timing of revenue recognition:

 

   

Three Months Ended

September 30, 2018

    

Nine Months Ended

September 30, 2018

  
Revenue by product line:                
Advertising   $ 1,142,229     $ 1,414,688  
Membership subscriptions     15,688       46,270  
Total   $ 1,157,917     $ 1,460,958  
Revenue by geographical market:                
United States   $ 1,157,917     $ 1,460,958  
Other     -       -  
Total   $ 1,157,917     $ 1,460,958  
Revenue by timing of recognition:                
At point in time   $ 1,142,229     $ 1,414,688  
Over time     15,688       46,270  
Total   $ 1,157,917     $ 1,460,958  
Schedule of Cash and Restricted Cash

The following table reconciles total cash and restricted cash as of September 30, 2018 and December 31, 2017:

 

    September 30, 2018     December 31, 2017  
Cash   $ 1,862,012     $ 619,249  
Restricted cash     -       3,000,000  
Total cash and restricted cash   $ 1,862,012     $ 3,619,249  
Schedule of Concentration of Credit Risk

Revenue from significant customers as a percentage of the Company’s total revenue during the three months and nine months ended September 30, 2018 are as follows:

 

   

Three Months
Ended

September 30, 2018

    

Nine Months
Ended

September 30, 2018

 
Customer 1     -       -  
Customer 2     34 %     27 %
Customer 3     13 %     17 %

 

Significant accounts receivable balances as a percentage of the Company’s total accounts receivable as of September 30, 2018 and December 31, 2017 are as follows:

 

    September 30, 2018     December 31, 2017  
Customer 1     12 %     -  
Customer 2     20 %     -  
Customer 3     12 %     -  
Schedule of Depreciation and Amortization, Useful Lives of Assets

Depreciation and amortization are provided using the straight-line method over the following estimated useful lives:

 

Office equipment and computers   3 years
Furniture and fixtures   3 – 5 years
Schedule of Net Income (loss) Per Common Share

At September 30, 2018 and 2017, the Company excluded the outstanding securities summarized below (capitalized terms are described herein), which entitle the holders thereof to acquire shares of common stock, from its calculation of net income (loss) per common share, as their effect would have been anti-dilutive.

 

    September 30,  
    2018     2017  
Series G Preferred Stock     188,791       172,374  
Series H Preferred Stock     58,785,606       -  
Unvested and forfeitable restricted stock awards     5,340,362       8,012,972  
Financing Warrants     3,074,018       1,169,607  
Channel Partner Warrants     1,099,008       3,424,500  
Common stock options     9,693,831       2,069,137  
Total     78,181,616       14,848,590