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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash, cash equivalents and restricted cash $ 21,499,311 $ 44,286,105
Accounts receivable, net of allowance for doubtful accounts of $785,497, and $786,830, respectively 66,224,566 60,213,807
Prepaid expenses and other current assets 3,043,049 1,904,273
Due from affiliated companies 684,946  
Operating lease right-of-use assets 8,385,948  
Content assets, net 86,816,164 63,645,396
Intangible assets, net 21,649,516 18,035,091
Indefinite lived intangible assets 12,163,943 12,163,943
Goodwill 44,906,055 39,986,530
Other assets, net 5,570,677 5,190,954
Total assets 270,944,175 245,426,099
LIABILITIES AND EQUITY    
Accounts payable and accrued other expenses 43,836,814 34,984,226
Due to affiliated companies   489,959
Programming obligations 15,570,000 1,641,250
Film library acquisition obligations 19,139,499 24,673,866
Accrued participation costs 18,118,463 12,323,329
Film acquisition advances 12,970,779 6,196,909
Revolving loan 22,035,713 17,585,699
9.50% Notes due 2025, net of deferred issuance costs of $1,303,991 and $1,402,880, respectively 31,591,909 31,493,020
Contingent consideration 6,639,061 9,764,256
Put option obligation 11,400,000 11,400,000
Operating lease liabilities 9,799,043  
Other liabilities 5,481,387 3,274,432
Total liabilities 196,582,668 153,826,946
Commitments and contingencies (Note 15)
Stockholders' Equity:    
Series A cumulative redeemable perpetual preferred stock, $.0001 par value, liquidation preference of $25.00 per share, 10,000,000 shares authorized; 3,830,378 and 3,698,318 shares issued and outstanding, respectively; redemption value of $95,759,450 and $92,457,950, respectively 383 370
Additional paid-in capital 245,978,573 240,609,345
Deficit (150,589,204) (136,462,244)
Accumulated other comprehensive loss (18) 571
Class A common stock held in treasury, at cost (1,721,608 and 944,502 shares, respectively) (21,786,509) (13,202,407)
Total stockholders' equity 73,604,936 90,947,300
Noncontrolling interests 756,571 651,853
Total equity 74,361,507 91,599,153
Total liabilities and equity 270,944,175 245,426,099
Common Class A    
Stockholders' Equity:    
Common stock value 945 899
Common Class B    
Stockholders' Equity:    
Common stock value $ 766 $ 766