XML 50 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Online networks $ 9,025,710 $ 735,264
Distribution and Production 5,092,789 1,790,234
Total revenue 14,118,499 2,525,498
Less: returns and allowances (874,426) (332,344)
Net revenue 13,244,073 2,193,154
Cost of revenue 9,910,390 1,632,101
Gross profit 3,333,683 561,053
Operating expenses:    
Selling, general and administrative 6,839,897 2,822,057
Amortization and depreciation 5,204,728 205,623
Management and license fees 1,324,407 219,270
Total operating expenses 13,369,032 3,246,950
Operating loss (10,035,349) (2,685,897)
Interest income (6,438) (13,525)
Interest expense 329,125 141,123
Acquisition-related costs 98,926 397,935
Loss before income taxes and preferred dividends (10,456,962) (3,211,430)
Provision (benefit from) for income taxes 49,000 (438,000)
Net loss before noncontrolling interests and preferred dividends (10,505,962) (2,773,430)
Net loss attributable to noncontrolling interests (52,854)  
Net loss attributable to Chicken Soup for the Soul Entertainment, Inc. (10,453,108) (2,773,430)
Less: preferred dividends 974,272 603,307
Net loss available to common stockholders $ (11,427,380) $ (3,376,737)
Net loss per common share:    
Basic and diluted $ (0.95) $ (0.28)