XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Condensed Consolidated Statements of Operations        
Net revenues $ 79,910,063 $ 37,636,947 $ 189,509,356 $ 66,843,144
Costs and expenses        
Operating 65,285,767 31,596,524 161,592,135 54,171,932
Selling, general and administrative 24,556,530 17,373,018 57,320,081 30,189,538
Amortization and depreciation 10,995,085 1,680,443 22,178,802 3,328,701
Management and license fees 4,926,349 3,763,695 12,778,490 6,684,315
Total costs and expenses 105,763,731 54,413,680 253,869,508 94,374,486
Operating loss (25,853,668) (16,776,733) (64,360,152) (27,531,342)
Interest expense 17,901,099 2,022,770 34,567,358 3,333,229
Other non-operating income, net (1,370,495) (279,405) (2,065,185) (481,197)
Loss before income taxes and preferred dividends (42,384,272) (18,520,098) (96,862,325) (30,383,374)
Income tax provision (1,898,687) 14,000 (684,536) 34,000
Net loss before noncontrolling interests and preferred dividends (40,485,585) (18,534,098) (96,177,789) (30,417,374)
Net loss attributable to noncontrolling interests (76,942) (142,350) (204,604) (180,735)
Net loss attributable to Chicken Soup for the Soul Entertainment, Inc. (40,408,643) (18,391,748) (95,973,185) (30,236,639)
Less: preferred dividends 3,323,756 2,391,442 6,336,347 4,673,511
Net loss available to common stockholders $ (43,732,399) $ (20,783,190) $ (102,309,532) $ (34,910,150)
Net loss per common share:        
Basic $ (1.50) $ (1.39) $ (4.07) $ (2.30)
Diluted $ (1.50) $ (1.39) $ (4.07) $ (2.30)
Weighted-average common shares outstanding:        
Basic 29,171,223 14,950,458 25,163,744 15,152,222
Diluted 29,171,223 14,950,458 25,163,744 15,152,222