XML 49 R32.htm IDEA: XBRL DOCUMENT
v3.22.1

Summary of Significant Accounting Policies (Details) - USD ($) |  | 1 Months Ended | 12 Months Ended
--- | --- | --- | ---
Oct. 15, 2021 | Aug. 31, 2021 | May 29, 2020 | Dec. 31, 2021 | Dec. 31, 2020
Summary of Significant Accounting Policies (Details) [Line Items] |  |  |  |  |
Deferred revenue |  |  |  | $ 1,915,493 | $ 2,058,721
Subscription revenue, description |  |  |  | In addition, the Company offers virtual gifts to its users. Users may purchase credits in $5, $10 or $20 increments that can be redeemed for a host of virtual gifts such as a rose, a beer or a car, among other items. |
Royalty payments |  |  | $ 500,000 |  |
Total net revenue |  |  |  | $ 454,504 | 525,748
Company hold amount | $ 8,575,638 |  |  |  |
Digital tokens payable | $ 338,553 |  |  | $ 338,553 |
Props tokens |  |  |  | 36.9 |
Total proceeds |  |  |  | $ 900,000 |
Gain on sale of props tokens |  |  |  | 307,934 |
Advertising expense |  |  |  | $ 1,200,000 | 800,000
Percentage of tax benefit |  |  |  | 50.00% |
Advertising partners |  |  |  | $ 153,448 |
Processing payment |  |  |  |  | $ 71,410
Loyalty Platform [Member] |  |  |  |  |
Summary of Significant Accounting Policies (Details) [Line Items] |  |  |  |  |
Loyalty platform, description |  |  |  | The loyalty platform is intended to drive engagement and incentivize users financially by providing users with the ability to earn Props tokens while using the Paltalk and Camfrog applications. During the third and fourth quarters of 2020, the Company received an aggregate of 1.1 million Props tokens for the validator service and 13.5 million Props tokens under the loyalty platform. During the year ended December 31, 2021, the Company received 1.5 million Props tokens for the validator service and 24.3 million Props tokens under the loyalty platform. |
Accounts Receivable [Member] |  |  |  |  |
Summary of Significant Accounting Policies (Details) [Line Items] |  |  |  |  |
Concentration risk, percentage |  |  |  | 48.00% |
Advertising partners A [Member] |  |  |  |  |
Summary of Significant Accounting Policies (Details) [Line Items] |  |  |  |  |
Concentration risk, percentage |  |  |  |  | 3.00%
Advertising partners B [Member] |  |  |  |  |
Summary of Significant Accounting Policies (Details) [Line Items] |  |  |  |  |
Concentration risk, percentage |  |  |  |  | 15.00%
Advertising partners C [Member] |  |  |  |  |
Summary of Significant Accounting Policies (Details) [Line Items] |  |  |  |  |
Concentration risk, percentage |  |  |  |  | 11.00%
Minimum [Member] |  |  |  |  |
Summary of Significant Accounting Policies (Details) [Line Items] |  |  |  |  |
Royalty payments ranging percent |  |  | 5.00% |  |
Maximum [Member] |  |  |  |  |
Summary of Significant Accounting Policies (Details) [Line Items] |  |  |  |  |
Royalty payments ranging percent |  |  | 10.00% |  |
Subscription Arrangement [Member] |  |  |  |  |
Summary of Significant Accounting Policies (Details) [Line Items] |  |  |  |  |
Virtual gift revenue |  |  |  | $ 5,586,710 | $ 5,188,858
Deferred revenue from virtual gifts |  |  |  | $ 293,737 | $ 348,677
YouNow Agreement [Member] |  |  |  |  |
Summary of Significant Accounting Policies (Details) [Line Items] |  |  |  |  |
Description of service revenue |  |  |  | Pursuant to the terms of the YouNow Agreement, YouNow agreed to pay the Company, in exchange for the Company’s services, an aggregate of 10.5 million cryptographic props tokens (“Props tokens”) upon the achievement of certain milestones as follows: (i) 3.0 million Props tokens upon execution of the YouNow Agreement, (ii) 4.0 million Props tokens upon the integration of the Props platform in the Company’s Camfrog application and (iii) 3.5 million Props tokens due upon the integration of the Props platform in the Company’s Paltalk application. In determining the value of the contract, the Company converted the Props tokens into U.S. dollars using an independent third-party valuation. The Props tokens were estimated to have a price equal to $0.02 per token (see Note 7 for additional information on the fair value of the Props tokens) at the contract inception date. The total contract value to be recognized was estimated to be $210,000, which was recognized on the completion dates of the integration services performed during the second and third quarters of 2020. |
Description of payments milestone |  |  |  | The upfront fee was recognized as revenue under the output method based on the direct measurements of the value of services transferred to date to the customer, relative to the remaining services under the contract. During the year ended December 31, 2020, the Company recognized $60,000 of the upfront fee and $150,000 from the completion of the first and second integration milestones under technology service revenue in the consolidated statements of income and digital tokens receivable in the consolidated balance sheets. |
Additional props tokens received (in Shares) |  | 2,625,000 |  |  |

X
- Definition Additional props tokens received. + References No definition available. + Details
Name: | palt_AdditionalPropsTokensReceived
Namespace Prefix: | palt_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | palt_AdvertisingPartners
Namespace Prefix: | palt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- References No definition available. + Details
Name: | palt_CompanyHoldAmount
Namespace Prefix: | palt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. + References No definition available. + Details
Name: | palt_ConcentrationRiskPercentage
Namespace Prefix: | palt_
Data Type: | dtr:percentItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | palt_DeferredRevenueFromVirtualGift
Namespace Prefix: | palt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | palt_DigitalTokensPayables
Namespace Prefix: | palt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Gain on sale of digital tokens. + References No definition available. + Details
Name: | palt_GainOnSaleOfDigitalTokens
Namespace Prefix: | palt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Loyalty platform, description. + References No definition available. + Details
Name: | palt_LoyaltyPlatformDescription
Namespace Prefix: | palt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | palt_ProcessingPayment
Namespace Prefix: | palt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition No of props tokens. + References No definition available. + Details
Name: | palt_PropsTokens
Namespace Prefix: | palt_
Data Type: | dtr:noLangTokenItemType
Balance Type: | na
Period Type: | duration

X
- Definition A description of the overall arrangement. + References No definition available. + Details
Name: | palt_RevenueRecognitionMilestoneMethodDescriptions
Namespace Prefix: | palt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Royalty payments ranging percent + References No definition available. + Details
Name: | palt_RoyaltyPaymentsRangingPercent
Namespace Prefix: | palt_
Data Type: | dtr:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Subscription revenue description. + References No definition available. + Details
Name: | palt_SubscriptionRevenueDescription
Namespace Prefix: | palt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | palt_SummaryofSignificantAccountingPoliciesDetailsLineItems
Namespace Prefix: | palt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Virtual gift and micro-transaction revenues. + References No definition available. + Details
Name: | palt_VirtualGiftAndMicrotransactionRevenues
Namespace Prefix: | palt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -SubTopic 35 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6420018&loc=d3e36677-107848 + Details
Name: | us-gaap_AdvertisingExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Description of the frequency of periodic payments (monthly, quarterly, annual). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 + Details
Name: | us-gaap_DebtInstrumentFrequencyOfPeriodicPayment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(5)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DeferredRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of revenue recognized that was previously reported as deferred or unearned revenue. + References No definition available. + Details
Name: | us-gaap_DeferredRevenueRevenueRecognized1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Percentage of difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying domestic federal statutory income tax rate to pretax income (loss) from continuing operation, attributable to expense for award under share-based payment arrangement. Excludes expense determined to be nondeductible upon grant or after for award under share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 740 -Section 35 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120384911&loc=d3e23163-113944 + Details
Name: | us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of cash inflow from debt classified as other. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromOtherDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of expense related to royalty payments under a contractual arrangement such as payment for mineral and drilling rights and use of technology or intellectual property. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
Name: | us-gaap_RoyaltyExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | srt_ProductOrServiceAxis=palt_LoyaltyPlatformMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_AccountsReceivableMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=palt_AdvertisingPartnersAMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=palt_AdvertisingPartnersBMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=palt_AdvertisingPartnersCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DeferredRevenueArrangementTypeAxis=us-gaap_SubscriptionArrangementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DeferredRevenueArrangementTypeAxis=palt_YouNowAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |