XML 58 R32.htm IDEA: XBRL DOCUMENT
v3.21.1

Revenue Recognition (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table provides information about disaggregated revenue by product line, geographical market and timing of revenue recognition:
|  | As of March 31, |
|  | 2020 |  |  | 2019 |
Revenue by product line: |  |  |  |  |  |  |  |
Advertising |  | $ | 11,837,984 |  |  | $ | 6,137,354 |
Digital subscriptions |  |  | 5,537,247 |  |  |  | 51,913 |
Magazine circulation |  |  | 12,537,532 |  |  |  | - |
Other |  |  | 500,090 |  |  |  | 84,696 |
Total |  | $ | 30,412,853 |  |  | $ | 6,273,963 |
Revenue by geographical market: |  |  |  |  |  |  |  |
United States |  | $ | 29,282,130 |  |  | $ | 6,273,963 |
Other |  |  | 1,130,723 |  |  |  | - |
Total |  | $ | 30,412,853 |  |  | $ | 6,273,963 |
Revenue by timing of recognition: |  |  |  |  |  |  |  |
At point in time |  | $ | 24,875,606 |  |  | $ | 6,222,050 |
Over time |  |  | 5,537,247 |  |  |  | 51,913 |
Total |  | $ | 30,412,853 |  |  | $ | 6,273,963 |
Schedule of Contract with Customer, Asset and Liability | The following table provides information about contract balances:
|  | As of |
|  | March 31, 2020 |  |  | December 31, 2019 |
Unearned revenue (short-term contract liabilities): |  |  |  |  |  |  |  |
Digital subscriptions |  |  | 11,070,739 |  |  | $ | 8,634,939 |
Magazine circulation |  |  | 38,177,153 |  |  |  | 23,528,148 |
|  | $ | 49,247,892 |  |  | $ | 32,163,087 |
Unearned revenue (long-term contract liabilities): |  |  |  |  |  |  |  |
Digital subscriptions |  | $ | 1,244,706 |  |  | $ | 478,557 |
Magazine circulation |  |  | 14,059,429 |  |  |  | 30,478,154 |
Other |  |  | 215,000 |  |  |  | 222,500 |
|  | $ | 15,519,135 |  |  | $ | 31,179,211 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration