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Business Combination (Tables)
3 Months Ended
Mar. 31, 2020
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

 

 

 

 

Purchase price consideration allocated to fair value of net assets acquired:

 

 

 

 

 

 

 

Accounts receivable, net

    

$

5,360,667

Prepaid expenses

 

 

892,200

Programming Rights

 

 

1,155,363

Goodwill

 

 

18,911,027

Brand Value

 

 

18,807,004

Customer User Base

 

 

21,194,641

Content Rights

 

 

1,708,270

Partner Agreements

 

 

4,005,714

Assets acquired

 

 

72,034,886

Accounts payable and accrued expenses

 

 

(13,061,494)

Programming Obligations

 

 

(7,300,861)

Liabilities assumed

 

 

(20,362,355)

Total purchase consideration

 

$

51,672,531

 

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

 

 

 

 

Fair Value of Preferred Units

    

$

36,350,000

Fair Value of Warrants in CSSE

 

 

10,899,204

Fair Value of Put Option

 

 

4,423,327

Total Estimated Purchase Price

 

$

51,672,531