XML 49 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenue:    
Online networks $ 40,027,289 $ 4,411,427
Television and film distribution 15,967,507 13,188,560
Television and short-form video production 610,356 10,152,020
Total revenue 56,605,152 27,752,007
Less: Television & film distribution returns and allowances (1,241,246) (892,488)
Net revenue 55,363,906 26,859,519
Cost of revenue 40,423,550 12,345,590
Gross profit 14,940,356 14,513,929
Operating expenses:    
Selling, general and administrative 22,242,032 10,745,235
Amortization 13,293,279 326,988
Management and license fees 5,536,390 2,666,907
Total operating expenses 41,071,701 13,739,130
Operating (loss) income (26,131,345) 774,799
Interest income (40,191) (39,058)
Interest expense 811,017 388,036
Loss on extinguishment of debt 350,691  
Acquisition-related costs 3,968,289 396,793
(Loss) income before income taxes and preferred dividends (31,221,151) 29,028
(Benefit from) provision for income taxes 585,000 874,000
Net loss before noncontrolling interests and preferred dividends (31,806,151) (844,972)
Net loss attributable to noncontrolling interests (134,282)  
Net loss attributable to Chicken Soup for the Soul Entertainment, Inc. (31,671,869) (844,972)
Less: Preferred dividends 3,304,947 1,112,910
Net loss available to common stockholders $ (34,976,816) $ (1,957,882)
Net loss per common share:    
Basic and diluted $ (2.92) $ (0.16)