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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2024
Discontinued Operations [Abstract]  
Schedule of Operating Results of Transferred Assets

The following table summarizes the operating results of the Transferred Assets for the periods indicated:

 

   For the Year Ended
December 31,
 
   2024   2023 
Revenue        
Subscription revenue  $7,582,654   $9,684,668 
Advertising revenue   400,595    333,144 
Total Revenue   7,983,249    10,017,812 
           
Costs and expenses          
Cost of revenue   2,948,854    2,953,351 
Sales and marketing expense   697,400    786,718 
Product development expense   4,620,406    4,650,375 
General and administrative expense   186,746    
--
 
Impairment loss in connection with Divestiture   3,663,020    
--
 
Total Costs and Expenses   12,116,426    8,390,444 
           
(Loss) Income from discontinued operations   (4,133,177)   1,627,368 
Income tax liability   (24,357)   (7,695)
Net (loss) income from discontinued operations  $(4,157,534)  $1,619,673 
Schedule of Sale Disposal Group for Impairment

Furthermore, in connection with the Divestiture, the Company evaluated the held for sale disposal group for impairment as follows:

 

   December 31,
2024
 
Estimated proceeds from sale of Transferred Assets, net of $283K of expenses
  $1,067,031 
Net carrying value of the disposal group   (4,916,796)
Impairment loss on held for sale assets  $(3,849,765)
Schedule of Assets and Liabilities of the Transferred Assets, Net of Impairments

The following table summarizes the assets and liabilities of the Transferred Assets included in the consolidated balance sheets for the periods indicated, after recognition of the impairments described above and are included as assets and liabilities attributed to discontinued operations:

 

   As of December 31, 
   2024   2023 
Assets        
Accounts receivable, net  $72,925   $92,704 
Prepaids and other current assets   
--
    246,124 
    Total current assets   72,925    338,828 
 Goodwill   2,663,229    6,326,250 
Total Assets - discontinued operations  $2,736,154   $6,665,078 
           
Liabilities          
Accounts payable  $311,506   $692,746 
Accrued expenses   116,532    172,697 
Deferred revenue   1,596,199    1,498,920 
Total Liabilities - discontinued operations  $2,024,237   $2,364,363