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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 2,172,046 $ 507,247
Accounts receivable, net 8,058,352 151,417
Prepaid expenses 228,145 216,397
Inventory, net 368,964 0
Intangible asset - video content license 5,000,000 5,000,000
Prepaid distribution fees 1,892,806 592,786
Other intangible asset 125,000 0
Popcornflix film rights and other assets 7,163,943 0
Film library, net 22,655,645 0
Due from affiliated companies 6,128,629 1,372,517
Programming costs, net 7,651,145 3,977,553
Other assets, net 298,133 0
Total assets 61,742,808 11,817,917
LIABILITIES AND STOCKHOLDERS' EQUITY    
Senior secured notes payable, net of unamortized debt discount of $0 and $318,992, respectively, and unamortized deferred financing costs of $0 and $40,902, respectively 0 2,610,106
Senior secured notes payable under revolving line of credit to related party, net of unamortized debt discount of $0 and $160,667, respectively, and unamortized deferred financing costs of $0 and $2,845, respectively 1,500,000 3,316,488
Accounts payable and accrued expenses 1,002,536 694,368
Accrued programming costs 375,761 1,061,980
Film library acquisition obligation 663,400 0
Accrued participation costs 2,620,417 0
Other liabilities 144,533 0
Deferred tax liability, net 257,000 [1] 439,000
Deferred revenue 515,000 71,429
Total liabilities 7,078,647 8,193,371
Commitments and contingencies
Stockholders' equity    
Preferred stock, $.0001 par value, 10,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 32,324,500 4,074,646
Retained earnings (deficit) 22,338,501 (450,996)
Total stockholders' equity 54,664,161 3,624,546
Total liabilities and stockholders' equity 61,742,808 11,817,917
Common Class A [Member]    
Stockholders' equity    
Common Stock, Value, Issued 374 89
Common Class B [Member]    
Stockholders' equity    
Common Stock, Value, Issued $ 786 $ 807
[1] The Company adjusted its federal deferred income tax assets and liabilities as of December 31, 2017 to reflect the reduction in the U.S. statutory federal corporate income tax rate from 35% to 21% resulting from the provisions of the 2017 Tax Cut and Jobs Act.