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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash, cash equivalents and restricted cash $ 6,917,111 $ 18,738,395
Accounts receivable, net of allowance for doubtful accounts of $1,592,078 and $1,277,597, respectively 159,316,288 113,963,425
Prepaid expenses and other current assets 9,044,398 13,196,180
Operating lease right-of-use assets 14,549,978 16,315,342
Content assets, net 109,708,725 126,090,508
Intangible assets, net 290,025,906 305,425,709
Goodwill 261,322,774 260,748,057
Other assets, net 27,714,084 29,401,793
Total assets 878,599,264 883,879,409
LIABILITIES AND EQUITY    
Accounts payable 65,156,863 50,960,682
Accrued expenses 93,694,320 87,817,015
Due to affiliated companies 4,022,477 3,778,936
Programming obligations 58,228,000 55,883,788
Film library acquisition obligations 30,189,206 39,750,121
Accrued participation costs 46,333,084 28,695,713
Debt, net 511,902,350 479,653,611
Contingent consideration 6,866,449 7,311,949
Put option obligation 4,400,000 11,400,000
Operating lease liabilities 16,127,975 18,079,469
Other liabilities 22,868,837 20,800,186
Total liabilities 859,789,561 804,131,470
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; 5,556,605 and 4,496,345 shares issued and outstanding, respectively; redemption value of $138,915,125 and $112,408,625, respectively 555 450
Additional paid-in capital 396,992,240 355,185,280
Deficit (350,061,978) (247,752,446)
Accumulated other comprehensive income (70,969) 47,528
Class A common stock held in treasury, at cost (2,422,842 and 2,422,842 shares, respectively) (28,165,913) (28,165,913)
Total stockholders' equity 18,697,280 79,317,224
Noncontrolling interests 112,423 430,715
Total equity 18,809,703 79,747,939
Total liabilities and equity 878,599,264 883,879,409
Class A Common Stock    
Stockholders' Equity:    
Common stock value 2,579 1,559
Class B Common Stock    
Stockholders' Equity:    
Common stock value $ 766 $ 766