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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (10,918,910) $ (24,376,982)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 18,407 (779,000)
Amortization of debt discount 36,414 0
Bad debt expense 115,726 79,414
Depreciation and amortization 5,133,947 5,228,709
Realized loss on equity method investment 0 151,881
Subsidary impairment/loss during consolidation period 0 1,838,739
Impairment / loss on deconsolidation of subsidary 0 7,438,324
Impairment expense 600,000 0
Write-off of capitalized software costs 0 648,563
Deferred Rent 175,314 (147,605)
Changes in operating assets and liabilities:    
Accounts receivable (1,029,096) (593,675)
Deposits (79,500) 19,397
Deferred Production costs (2,145,999) (4,108,748)
Prepaid expenses and other current assets (227,324) (179,247)
Accounts payable (642,686) 367,956
Accrued expenses 898,157 576,731
Accrued interest on convertible debt 469,296 0
Accrued interest on notes payable to Former Parent 0 1,787,527
Deferred Revenue (154,646) 815,568
Total adjustments 3,168,010 13,144,534
Net cash used in operating activities (7,750,900) (11,232,448)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash acquired in Merger 14,941,683 0
Investment in TV Azteca (3,500,000) 0
Investment in ESA (1,238,631) (5,851,858)
Purchases of property and equipment (2,173,200) (16,834,824)
Purchases of intangible assets (99,822) (38,334)
Net cash provided by (used in) investing activities 7,930,030 (22,725,016)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from line of credit 0 5,000,000
Proceeds from convertible debt 3,000,000 0
Proceeds from convertible debt, related party 1,000,000 0
Proceeds from notes payable to Parent 0 11,174,913
Due to Former Parent (346,804) 14,269,373
Net cash provided by financing activities 3,653,196 30,444,286
Effect of exchange rate changes on cash 1,874 (36,872)
NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH 3,834,200 (3,550,050)
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD 10,471,296 13,610,138
CASH AND RESTRICTED CASH AT END OF PERIOD 14,305,496 10,060,088
SUPPLEMENTAL INFORMATION:    
Cash paid during period for interest 0 46,466
NON-CASH INVESTING AND FINANCE ACTIVITIES:    
Non cash investment in ESA 0 5,610,085
Due to Former Parent satisfied by issuance of common stock in connection with Merger 18,179,745 0
Convertible debt and related interest assumed in Merger 10,992,877 0
Warrants granted to convertible debt holders in connection with Merger 114,804 0
Contingent consideration for convertible debt holders in connection with Merger $ 152,590 $ 0