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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from Operating Activities:    
Net loss $ (31,806,151) $ (844,972)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 1,061,926 953,688
Amortization of programming costs and rights 710,689 2,752,446
Amortization of deferred financing costs 82,400 57,161
Amortization of fixed assets and acquired intangibles 13,293,279 326,986
Amortization of film library 10,182,166 6,459,431
Reserve for bad debts and returns 2,669,699 1,222,032
Loss on debt extinguishment 350,691  
Deferred income taxes 452,000 373,000
Changes in operating assets and liabilities:    
Trade accounts receivable (24,489,719) (5,989,864)
Prepaid expenses and other current assets (657,778) 133,815
Inventory (49,965) 106,896
Programming costs and rights (2,151,669) (8,267,551)
Film library (18,093,813) (9,142,288)
Accounts payable, accrued expenses and other payables 24,165,978 3,366,143
Film library acquisition obligations 2,305,000 2,052,200
Accrued participation costs 3,527,373 (1,081,278)
Other liabilities (244,400) 269,974
Deferred revenue (6,469) (508,531)
Net cash used in operating activities (18,698,763) (7,760,712)
Cash flows from Investing Activities:    
Payment for business acquisition, net of cash acquired   190,587
Increase in due from affiliated companies (6,428,996) (4,340,458)
Net cash (used in) provided by investing activities (6,428,996) (4,149,871)
Cash flows from Financing Activities:    
Proceeds from revolving credit facility from related party   200,000
Repayments of revolving credit facility from related party   (1,700,000)
Proceeds from commercial loan 8,665,000 8,500,000
Repayments of commercial loan (1,466,667) (583,334)
Proceeds from revolving credit facility 5,000,000  
Payment of preferred stock issuance costs (1,489,706) (1,956,393)
Proceeds from issuance of common stock under equity plans 160,161  
Payment of deferred financing costs (203,063) (391,714)
Proceeds from issuance of Series A preferred stock 17,012,625 19,612,438
Common stock repurchases held in treasury   (632,729)
Dividends paid to common stockholders   (5,182,549)
Dividends paid to preferred stockholders (3,304,947) (926,363)
Net cash provided by financing activities 24,373,403 16,939,356
Net (decrease) increase in cash and cash equivalents (754,356) 5,028,773
Cash and cash equivalents at beginning of period 7,201,758 2,172,985
Cash and cash equivalents at end of the period 6,447,402 7,201,758
Supplemental data:    
Interest paid 605,561 267,064
Non-cash investing activities:    
Noncash investing activities (Crackle Plus business combination) $ 51,672,531  
Affiliated balances settled as a part of the A Sharp acquisition consideration   8,711,109
Fair value of Preferred shares issued as a part of business acquisition - Pivotshare   3,434,486
Fair value of Common A shares issued as a part of business acquisition - Pivotshare   $ 732,028