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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Entertainment publicity and marketing $ 9,399,432 $ 5,527,943 $ 25,219,793 $ 17,356,468
Content production 0 0 0 0
Total revenues 9,399,432 5,527,943 25,219,793 17,356,468
Operating expenses:        
Direct costs 991,708 575,243 2,578,295 1,790,468
Payroll and benefits 5,875,755 3,604,852 16,770,091 11,384,791
Selling, general and administrative 1,519,812 953,993 4,234,309 3,247,474
Depreciation and amortization 475,207 514,097 1,436,189 1,531,561
Legal and professional 498,661 372,943 1,301,267 945,257
Total expenses 9,361,143 6,021,128 26,320,151 18,899,551
Income (loss) from operations 38,289 (493,185) (1,100,358) (1,543,083)
Other income (expenses):        
Gain on extinguishment of debt, net 1,733,400 51,333 2,689,010 3,311,198
Loss on disposal of fixed assets 0 0 (48,461) 0
Loss on the deconsolidation of Max Steel VIE 0 0 0 (1,484,591)
Change in fair value of convertible notes and derivative liabilities (223,923) 8,730 (826,398) (540,231)
Change in fair value of warrants (55,000) 145,559 (2,552,877) (265,445)
Change in fair value of put rights 0 159,457 (71,106) 1,677,267
Change in fair value of contingent consideration   (1,110,000) 140,000 (1,310,000) (330,000)
Acquisition costs 0 (61,196) (22,907) (61,196)
Interest expense and debt amortization (241,115) (270,815) (576,146) (1,953,790)
Total other income (expense), net 103,362 173,068 (2,718,885) 353,212
Income (loss) before income taxes 141,651 (320,117) (3,819,243) (1,189,871)
Income tax benefit 0 182,487 38,851 182,487
Net income (loss) $ 141,651 $ (137,630) $ (3,780,392) $ (1,007,384)
Earnings (loss) per share:          
Basic $ 0.02 $ (0.02) $ (0.50) $ (0.19)
Diluted $ 0.02 $ (0.04) $ (0.50) $ (0.45)
Weighted average number of shares outstanding:        
Basic 7,740,085 6,676,405 7,551,974 5,223,441
Diluted 7,740,085 6,912,011 7,551,974 5,975,610