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Condensed Consolidated Statements of Cash Flows
9 Months Ended
Sep. 30, 2022
USD ($)
shares
Sep. 30, 2021
USD ($)
shares
Cash flows from Operating Activities:    
Net loss $ (48,200,940) $ (30,244,997)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 5,049,187 3,937,919
Content asset amortization 30,794,640 28,556,706
Amortization of deferred financing costs 710,885 354,048
Amortization and depreciation of intangibles, property and equipment 11,904,185 5,264,353
Bad debt and video return expense 1,962,407 2,156,308
Loss on debt extinguishment 311,718  
Deferred income taxes (27,393,494)  
Changes in operating assets and liabilities:    
Trade accounts receivable (16,531,079) (7,372,707)
Prepaid expenses and other assets (7,277,542) (653,453)
Content assets (83,647,302) (52,826,947)
Accounts payable, accrued expenses and other payables (6,876,274) 2,542,629
Film library acquisition and programming obligations 69,583,548 13,079,601
Accrued participation costs 17,470,589 10,328,843
Other liabilities 943,273 1,211,058
Net cash used in operating activities (51,196,199) (23,666,639)
Cash flows from Investing Activities:    
Expenditures for property and equipment (3,485,496) (1,083,738)
Business combination, net of cash acquired 6,249,076 (19,416,449)
Increase in due from affiliated companies   6,239,035
Net cash provided by investing activities 2,763,580 (14,261,152)
Cash flows from Financing Activities:    
Repurchase of common stock (13,956,022)  
Payment of contingent consideration (6,970,707) (8,085,051)
Acquisition of noncontrolling interest (750,000) (6,000,000)
Payments of revolving loan (26,121,191) (3,187,232)
Payments on capital leases (162,925)  
Proceeds from 9.50% notes due 2025, net 11,094,946  
Payments on film acquisition advance (4,767,238) (2,417,602)
Proceeds from issuance of preferred stock 7,116,695  
Proceeds from revolving loan 55,679,945 18,272,931
Proceeds from film acquisition advance 20,330,867  
Proceeds from exercise of stock options and warrants 301,704 2,684,356
Increase in due to affiliated companies 2,099,908  
Dividends paid to preferred stockholders (7,042,832) (6,435,195)
Net cash provided by financing activities 40,386,713 90,143,020
Effect of foreign exchanges on cash, cash equivalents and restricted cash 63,600  
Net (decrease) increase in cash, cash equivalents and restricted cash (7,982,306) 52,215,229
Cash, cash equivalents and restricted cash at beginning of period 44,286,105 14,732,726
Cash, cash equivalents and restricted cash at end of the period 36,303,799 66,947,955
Supplemental data:    
Cash paid for interest 4,120,005 3,601,199
Non-cash investing activities:    
Property and equipment in accounts payable and accrued expenses 552,231 $ 163,606
Non-cash financing activities:    
Class A common stock and additional consideration for acquisition of noncontrolling interest 2,228,680  
Class A common stock and assumption of warrants for Redbox Merger $ 70,005,148  
Warrant issued in conjunction with HPS credit facility | shares 14,920,068  
Preferred stock issued for Crackle Plus acquisition | shares   40,000,000
Class A Common Stock    
Cash flows from Financing Activities:    
Proceeds from issuance of Class A common stock $ 3,533,563 $ 95,310,813