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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash flows from operating activities              
Net loss $ (23,161,329) $ (22,776,624) $ (10,585,561) $ (8,934,980) $ (45,937,953) $ (19,520,541)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation of property and equipment         396,966 21,177  
Amortization of platform development and intangible assets         12,086,173 2,881,089  
Amortization of debt discounts         3,206,982 1,580,796  
Change in valuation of warrant derivative liabilities (243,276)   166,075   (382,495) 541,770  
Change in valuation of embedded derivative liabilities (2,922,000)   1,396,000   (4,543,000) 3,779,000  
Accrued interest         4,385,240 907,582  
Liquidated damages         1,167,674 17,740  
Stock-based compensation         7,343,575 3,959,925  
Other         (141,188) (6,812)  
Change in operating assets and liabilities net of effect of business combination:              
Accounts receivable         5,852,029 10,261,222  
Factor receivables         (6,130,674)  
Subscription acquisition costs         (9,975,651) 17,056  
Royalty fees         7,500,000 (45,000,000)  
Prepayments and other current assets         (156,872) 140,091  
Other long-term assets         (714,062) 27,628  
Accounts payable         (1,167,051) (2,672,264)  
Accrued expenses and other         (4,279,568) 2,414,501  
Unearned revenue         6,806,829 (300,057)  
Subscription refund liability         133,677  
Operating lease liabilities         998,010 (2,810)  
Net cash used in operating activities         (17,420,685) (47,083,581)  
Cash flows from investing activities              
Purchases of property and equipment         (1,065,223) (25,400)  
Capitalized platform development         (2,061,081) (980,257)  
Advance related to pending acquisition of TheStreet, Inc.         (16,500,000)  
Payments for acquisition of business         (315,289)  
Net cash used in investing activities         (3,441,593) (17,505,657)  
Cash flows from financing activities              
Proceeds from delayed draw term note         6,000,000  
Proceeds from long-term debt         5,702,725 68,000,000  
Repayments of long-term debt         (4,640,000)  
Payment of debt issuance costs         (3,595,000)  
Proceeds from 12% senior convertible debentures         2,000,000  
Proceeds from issuance of Series I convertible preferred stock         15,000,000  
Payment of issuance costs of Series I convertible preferred stock         (1,406,000)  
Borrowings under line of credit, net         3,243,882 415,404  
Payment for taxes related to repurchase of restricted common stock         (281,821) (75,260)  
Repayment of officer promissory notes         (366,842)  
Net cash provided by financing activities         14,664,786 75,332,302  
Net increase (decrease) in cash, cash equivalents, and restricted cash         (6,197,492) 10,743,064  
Cash, cash equivalents, and restricted cash - beginning of period   $ 9,473,090   $ 2,527,289 9,473,090 2,527,289 $ 2,527,289
Cash, cash equivalents, and restricted cash - end of period $ 3,275,598   $ 13,270,353   3,275,598 13,270,353 $ 9,473,090
Supplemental disclosure of cash flow information              
Cash paid for interest         323,913 731,126  
Cash paid for income taxes          
Noncash investing and financing activities              
Reclassification of stock-based compensation to platform development         869,663 572,270  
Debt discount on delayed draw term note         913,865  
Restricted stock units issued in connection with acquisition of LiftIgniter         500,000  
Assumption of liabilities in connection with acquisition of LiftIgniter         140,381  
Discount of 12% senior convertible debentures allocated to embedded derivative liabilities         1,074,000  
Liquidated damages liability recorded against cash proceeds for 12% senior convertible debentures         84,000  
Liquidated damages liability recorded against cash proceeds for Series I convertible preferred stock         1,940,400  
Series I convertible preferred stock subscription receivable         $ 8,100,000