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Commitments and Contingencies | 3 Months Ended
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Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies |
| 12. | Commitments and Contingencies
Revenue Guarantees On a select basis, the Company has provided revenue share guarantees to certain independent publishers that transition their publishing operations from another platform to theMaven.net or maven.io. These arrangements generally guarantee the publisher a monthly amount of income for a period of 12 to 24 months from inception of the publisher contract that is the greater of (a) a fixed monthly minimum, or (b) the calculated earned revenue share. For the three months ended March 31, 2021 and 2020, the Company recognized publisher partner guarantees of $1,763,357 and $2,374,087, respectively. Claims and Litigation From time to time, the Company may be subject to claims and litigation arising in the ordinary course of business. The Company is not currently a party to any pending or threatened legal proceedings that it believes would reasonably be expected to have a material adverse effect on the Company’s business, financial condition, results of operations or cash flows. Liquidated Damages The following table summarizes the contingent obligations with respect to the liquidated damages as of the date these condensed consolidated financial statements were issued or were available to be issued:
|  | Registration Rights Damages |  |  | Public Information Failure Damages |  |  | Accrued Interest |  |  | Balance |
Series H Preferred Stock |  | $ | - |  |  | $ | 5,236 |  |  | $ | 93,575 |  |  | $ | 98,811 |
12% Convertible Debentures |  |  | - |  |  |  | - |  |  |  | 36,320 |  |  |  | 36,320 |
Series I Preferred Stock |  |  | - |  |  |  | - |  |  |  | 111,184 |  |  |  | 111,184 |
Series J Preferred Stock |  |  | 240,000 |  |  |  | 240,000 |  |  |  | 108,059 |  |  |  | 588,059 |
Series K Preferred Stock |  |  | - |  |  |  | 661,680 |  |  |  | 11,221 |  |  |  | 672,901 |
Total |  | $ | 240,000 |  |  | $ | 906,916 |  |  | $ | 360,359 |  |  | $ | 1,507,275 |

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