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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 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:

 

   

Three Months Ended

June 30,

   

Six Months Ended

June 30,

 
    2020     2019     2020     2019  
Revenue by product line:                                
Advertising   $ 7,541,616     $ 5,670,712     $ 19,379,600     $ 11,808,066  
Digital subscriptions     6,089,450       56,021       11,626,697       107,934  
Magazine circulation     8,629,166       -       21,166,698       -  
Other     830,708       43,550       1,330,798       128,246  
Total   $ 23,090,940     $ 5,770,283     $ 53,503,793     $ 12,044,246  
Revenue by geographical market:                                
United States   $ 22,049,636     $ 5,770,283     $ 51,331,766     $ 12,044,246  
Other     1,041,304       -       2,172,027       -  
Total   $ 23,090,940     $ 5,770,283     $ 53,503,793     $ 12,044,246  
Revenue by timing of recognition:                                
At point in time   $ 17,001,490     $ 5,714,262     $ 41,877,096     $ 11,936,312  
Over time     6,089,450       56,021       11,626,697       107,934  
Total   $ 23,090,940     $ 5,770,283     $ 53,503,793     $ 12,044,246  

Schedule of Contract with Customer, Asset and Liability

The following table provides information about contract balances:

 

    As of  
    June 30, 2020     December 31, 2019  
Unearned revenue (short-term contract liabilities):                
Digital subscriptions     12,688,136       8,634,939  
Magazine circulation     42,731,290       23,528,148  
    $ 55,419,426     $ 32,163,087  
Unearned revenue (long-term contract liabilities):                
Digital subscriptions   $ 1,473,758     $ 478,557  
Magazine circulation     13,135,330       30,478,154  
Other     207,500       222,500  
    $ 14,816,588     $ 31,179,211