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Revenue Recognition (Tables)

3 Months Ended

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

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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=123351226&loc=SL49130545-203045

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- References

No definition available.

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