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Goodwill and Intangible Assets, Net (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Schedule of Goodwill
		Content Production & Distribution				Media & Advertising Services				Total
Goodwill as of December 31, 2020		$	10,365,806			$	–			$	10,365,806
Acquisition of ChizComm Entities			–				9,607,027				9,607,027
Foreign Currency Translation Adjustment			–				3,999				3,999
Goodwill as of September 30, 2021		$	10,365,806			$	9,611,026			$	19,976,832

Schedule of Intangible Asset

Schedule of Intangible Asset
		September 30, 2021				December 31, 2020
Trademarks (a)		$	129,831			$	129,831
Trade Name (b)			3,430,000				–
Customer Relations (c)			6,140,000				–
Non-Compete (d)			60,000				–
Other Intangible Assets (a)			304,028				299,028
Intangible Assets, Gross			10,063,859				428,859
Foreign Currency Translation Adjustment			15,353				–
Less Accumulated Amortization			(768,912	)			(400,165	)
Intangible Assets, Net		$	9,310,300			$	28,694

	(a)	Pursuant to ASC 350-30, General Intangibles Other than Goodwill, the Company reviews these intangible assets periodically to determine if the value should be retired or impaired due to recent events. During the three months ended September 30, 2021 and September 30, 2020, the Company recognized, $2,757 and $13,013, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets. During the nine months ended September 30, 2021 and September 30, 2020, the Company recognized, $13,888 and $34,651, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets.
	(b)	Amount represents fair value of the ChizComm and ChizComm Beacon Media Trade Names which have been determined to have an indefinite useful life.
	(c)	Amount represents fair value of the ChizComm and ChizComm Beacon Media Customer Relationships with a useful life of 12 years. Amortization expense for the three and nine months ended September 30, 2021 was $128,083 and $341,553, respectively.
	(d)	Amount represents fair value of the Non-Compete agreements as part of the ChizComm acquisition. The Non-Compete agreements have a useful life of 3 years. Amortization expense for the three and nine months ended September 30, 2021 was $5,006 and $13,350, respectively.

Expected future intangible asset amortization

Expected future intangible asset amortization
Fiscal Year:
Remaining 2021		$	135,725
2022			542,900
2023			538,955
2024			514,703
Thereafter			4,148,017
Total		$	5,880,300

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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