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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
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:

 

    Years Ended December 31,  
    2019     2018  
Revenue by product line:                
Advertising   $ 35,918,370     $ 5,614,953  
Digital subscriptions     6,855,038       85,246  
Magazine circulation     9,046,473       -  
Other     1,523,429       -  
Total   $ 53,343,310     $ 5,700,199  
Revenue by geographical market:                
United States   $ 52,611,255     $ 5,700,199  
Other     732,055       -  
Total   $ 53,343,310     $ 5,700,199  
Revenue by timing of recognition:                
At point in time   $ 47,557,652     $ 5,614,953  
Over time     5,785,658       85,246  
Total   $ 53,343,310     $ 5,700,199  
Schedule of Contract with Customer, Asset and Liability

The following table provides information about contract balances:

 

    As of December 31, 2019     As of December 31, 2018  
    Advertising     Digital Subscriptions     Magazine Circulation     Other     Total     Advertising     Digital Subscriptions     Total  
Accounts receivable, net   $ 13,636,240     $ -     $ 185,936     $ 2,411,779     $ 16,233,955     $ -     $ -     $ -  
Factor receivables     -       -       -       -       -       6,130,674       -       6,130,674  
Subscription acquisition costs
(short-term)		     -       -       3,142,580       -       3,142,580       -       17,056       17,056  
Subscription acquisition costs
(long-term)		     -       -       3,417,478       -       3,417,478       -       -       -  
Unearned revenues
(short-term contract liabilities)		     -       8,634,939       23,528,148       -       32,163,087       325,863       70,544       396,407  
Unearned revenues
(long-term contract liabilities)		     -       478,557       30,478,154       222,500       31,179,211       252,500       -       252,500  
Schedule of Cash and Restricted Cash

The following table reconciles total cash, cash equivalents, and restricted cash:

 

    As of December 31,  
    2019     2018  
Cash and cash equivalents   $ 8,852,281     $ 2,406,596  
Restricted cash     620,809       120,693  
Total cash, cash equivalents, and restricted cash   $ 9,473,090     $ 2,527,289  
Schedule of Concentration of Credit Risk

Revenue from significant customers as a percentage of the Company’s total revenue are as follows:

 

    Years Ended December 31,  
    2019     2018  
Customer 1     22.4 %     35.5 %
Customer 2     -       14.8 %

 

Significant accounts receivable balances as a percentage of the Company’s total accounts receivable are as follows:

 

    As of December 31,  
    2019     2018  
Customer 1     -       16.8 %

 

Significant accounts payable balances as a percentage of the Company’s total accounts payable are as follows:

 

    As of December 31,  
    2019     2018  
Vendor 1 *     61.7 %     -  
Vendor 2     -       29.4 %
Vendor 3     -       11.5 %
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   1 – 3 years
Furniture and fixtures   1 – 5 years
Leasehold improvements   Shorter of remaining lease term or estimated useful life
Schedule of Net Income (loss) Per Common Share

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

 

    As of December 31,  
    2019     2018  
Series G Preferred Stock     188,791       188,791  
Series H Preferred Stock     58,787,879       58,787,879  
Series I Preferred Stock     46,200,000       -  
Series J Preferred Stock     28,571,429       -  
Indemnity shares of common stock     412,500       825,000  
Restricted Stock Awards     2,391,665       6,309,874  
Financing Warrants     2,882,055       3,949,018  
Channel Partner Warrants     939,540       1,017,141  
ABG Warrants     21,989,844       -  
Restricted Stock Units     2,399,997       -  
Common Stock Awards     8,064,561       9,405,541  
Common Equity Awards     65,013,645       -  
Outside Options     3,724,667       2,414,000  
Total     241,566,573       82,897,244