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Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

 

 

 

 

 

 

 

 

 

% of 

 

 

    

2019

    

% of revenue

    

2018

    

revenue

 

Revenue:

 

 

  

 

  

 

 

  

 

  

 

Online networks

 

$

40,027,289

 

72

%  

$

4,411,427

 

16

%

Television and film distribution

 

 

15,967,507

 

29

%  

 

13,188,560

 

49

%

Television and short-form video production

 

 

610,356

 

1

%  

 

10,152,020

 

38

%

Total revenue

 

 

56,605,152

 

102

%  

 

27,752,007

 

103

%

Less: returns and allowances

 

 

(1,241,246)

 

(2)

%  

 

(892,488)

 

(3)

%

Net revenue

 

$

55,363,906

 

100

%  

$

26,859,519

 

100

%

 

Contract with Customer, Asset and Liability [Table Text Block]

 

 

 

 

 

 

 

 

    

December 31, 

    

December 31,

 

 

2019

 

2018

Contract Assets

 

$

34,661,119

 

$

12,841,099

Contract Liabilities

 

$

 —

 

$

6,469