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Segment Reporting
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Reporting

Note 23: Segment Reporting

 

The Company’s CODM uses revenue and net earnings to evaluate the profitability and performance of each operating segment. All other financial information is reviewed by the CODM on a consolidated basis. The CODM does not evaluate the operating segments using asset information and it is therefore not disclosed. All expenses directly attributable to each reportable segment is included in operating results for each segment. However, the CODM does not evaluate the expenses by operating segment and, therefore, it is not separately presented.

 

The following table presents the revenue and net earnings within the Company’s two operating segments for the three and six months ended June 30, 2022 and 2021 (in thousands):

 

                    
   Three Months Ended  

 

Six Months Ended

 
   June 30, 2022   June 30, 2021   June 30, 2022   June 30, 2021 
Total Revenues:                    
Content Production & Distribution  $21,042   $1,371   $21,496   $1,682 
Media Advisory & Advertising Services   1,082    971    2,067    1,724 
Total Revenue  $22,124   $2,342   $23,563   $3,406 
                     
Net Loss:                    
Content Production & Distribution   (12,822)   (6,851)   (16,860)   (82,840)
Media Advisory & Advertising Services   (520)   (543)   (1,012)   (813)
Total Net Operating Loss  $(13,342)  $(7,394)  $(17,872)  $(83,653)

 

Geographic Information

 

The following table provides information about disaggregated revenue by geographic area for the three months ended June 30, 2022 and 2021 (in thousands):

 

                    
   Three Months Ended  

Six Months Ended

 
   June 30, 2022   June 30, 2021   June 30, 2022   June 30, 2021 
Total Revenues:                    
United States  $15,441   $1,880   $15,993   $2,616 
Canada   5,709    462    6,596    790 
United Kingdom   974    –    974    – 
Total Revenue  $22,124   $2,342   $23,563   $3,406