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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Online networks $ 6,652,562 $ 14,383,659 $ 21,038,965 $ 25,128,001
Distribution and Production 13,318,050 2,662,429 26,948,795 6,655,114
Total revenue 19,970,612 17,046,088 47,987,760 31,783,115
Less: returns and allowances (608,861) (255,394) (1,861,396) (828,785)
Net revenue 19,361,751 16,790,694 46,126,364 30,954,330
Cost of revenue 14,840,851 13,614,648 37,684,786 23,568,743
Gross profit 4,520,900 3,176,046 8,441,578 7,385,587
Operating expenses:        
Selling, general and administrative 9,301,550 6,371,870 23,194,223 13,894,351
Amortization and depreciation 4,576,742 4,695,522 15,022,885 5,631,136
Management and license fees 1,936,175 1,676,303 4,612,636 3,091,093
Total operating expenses 15,814,467 12,743,695 42,829,744 22,616,580
Operating loss (11,293,567) (9,567,649) (34,388,166) (15,230,993)
Interest expense 659,803 195,881 1,322,831 483,363
Loss on debt extinguishment 169,219 350,691 169,219 350,691
Acquisition-related costs   1,078,637 98,926 3,735,373
Other non-operating income, net (43,445) (8,997) (4,381,292) (34,546)
Loss before income taxes and preferred dividends (12,079,144) (11,183,861) (31,597,850) (19,765,874)
Provision for income taxes 26,000 1,248,000 93,000 557,000
Net loss before noncontrolling interests and preferred dividends (12,105,144) (12,431,861) (31,690,850) (20,322,874)
Net loss attributable to noncontrolling interests (73,135) (37,473) (169,878) (36,960)
Net loss attributable to Chicken Soup for the Soul Entertainment, Inc. (12,032,009) (12,394,388) (31,520,972) (20,285,914)
Less: preferred dividends 1,017,691 929,387 2,966,235 2,330,675
Net loss available to common stockholders $ (13,049,700) $ (13,323,775) $ (34,487,207) $ (22,616,589)
Net loss per common share:        
Basic and diluted $ (1.04) $ (1.11) $ (2.83) $ (1.89)