Business Combination (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of stand-alone financial performance

	Three Months Ended June 30,
	2022
		Sonar		Other		Total
Net revenue	$	6,875,499	$	8,324,514	$	15,200,013
Net income (loss)	$	3,539,177	$	(364,267)	$	3,174,910

	Six Months Ended June 30,
	2022
		Sonar		Other		Total
Net revenue	$	14,067,201	$	12,703,090	$	26,770,291
Net income (loss)	$	6,860,148	$	(232,170)	$	6,627,978

1091 Media, LLC

Schedule of preliminary allocation of the purchase price

Accounts receivable, net	$	4,677,133
Content assets		4,695,000
Other assets		49,348
Intangibles		2,810,000
Total identifiable assets acquired		12,231,481
Accounts payable and accrued expenses		129,244
Revenue share payable		1,623,177
Accrued third party share		3,999,544
Total liabilities assumed		5,751,965
Net identifiable assets acquired		6,479,516
Goodwill		5,476,710
Net assets acquired	$	11,956,226
Cash consideration	$	8,000,000
Equity consideration - Class A common stock		3,303,750
Equity consideration - Series A Preferred Stock		1,980,000
Purchase price consideration		13,283,750
Less: cash acquired		(1,327,524)
Total Estimated Purchase Price	$	11,956,226

Sonar Entertainment Inc.

Schedule of preliminary allocation of the purchase price

	May 21, 2021
Accounts receivable, net	$	17,373,257
Film library		13,000,000
Intangible asset		3,600,000
Total identifiable assets acquired		33,973,257
Goodwill		19,838,743
Net assets acquired	$	53,812,000

Schedule of fair values of assets acquired

Cash	$	18,902,000
Fair Value of Additional Purchase Price – Library Account Receivable		1,580,000
Fair Value of Additional Purchase Price – Contracted TV Cash Flow		13,700,000
Fair Value of Additional Purchase Price – % of Film Cash Flow		630,000
Fair Value of Additional Purchase Price – % of Non-TV Business Cash Flow		2,300,000
Fair Value of Additional Purchase Price – Development Slate Cash Flow		5,200,000
Fair Value of Additional Purchase Price – CSS AVOD Equity Put		11,500,000
Total Estimated Purchase Price	$	53,812,000