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Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2021
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, |
|  | 2021 |  |  | 2020 |
Revenue by product line: |  |  |  |  |  |  |  |
Advertising |  | $ | 11,074,425 |  |  | $ | 11,837,984 |
Digital subscriptions |  |  | 7,084,481 |  |  |  | 5,537,247 |
Magazine circulation |  |  | 14,710,023 |  |  |  | 12,537,532 |
Other |  |  | 746,552 |  |  |  | 500,090 |
Total |  | $ | 33,615,481 |  |  | $ | 30,412,853 |
Revenue by geographical market: |  |  |  |  |  |  |  |
United States |  | $ | 32,528,417 |  |  | $ | 29,282,130 |
Other |  |  | 1,087,064 |  |  |  | 1,130,723 |
Total |  | $ | 33,615,481 |  |  | $ | 30,412,853 |
Revenue by timing of recognition: |  |  |  |  |  |  |  |
At point in time |  | $ | 26,531,000 |  |  | $ | 24,875,606 |
Over time |  |  | 7,084,481 |  |  |  | 5,537,247 |
Total |  | $ | 33,615,481 |  |  | $ | 30,412,853 |
Schedule of Contract with Customer, Asset and Liability | The following table provides information about contract balances:
|  | As of |
|  | March 31, 2021 |  |  | December 31, 2020 |
Unearned revenue (short-term contract liabilities): |  |  |  |  |  |  |  |
Digital subscriptions |  | $ | 16,815,476 |  |  | $ | 15,039,331 |
Magazine circulation |  |  | 49,047,713 |  |  |  | 46,586,345 |
|  | $ | 65,863,189 |  |  | $ | 61,625,676 |
Unearned revenue (long-term contract liabilities): |  |  |  |  |  |  |  |
Digital subscriptions |  | $ | 802,124 |  |  | $ | 593,136 |
Magazine circulation |  |  | 27,297,916 |  |  |  | 22,712,961 |
Other |  |  | 200,000 |  |  |  | 192,500 |
|  | $ | 28,300,040 |  |  | $ | 23,498,597 |

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- 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=123351226&loc=SL49130551-203045 + Details
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- 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=123351226&loc=SL49130545-203045 + Details
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