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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
8 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 93,150 $ (23,973,355) $ (10,918,910) $ 1,141,199
Adjustments to reconcile net income to net cash used in operating activities:        
Stock-based compensation 0 18,407 (779,000) 0
Amortization of debt discount 0 36,414 0 0
Bad debt expense 0 115,726 79,414 0
Depreciation and amortization 0 5,133,947 5,228,709 0
Realized loss on equity method investment 0 0 151,881 0
Subsidary impairment/loss during consolidation period 0 0 1,838,739 0
Impairment / loss on deconsolidation of subsidary 0 0 7,438,324 0
Impairment expense 0 600,000 0 0
Write-off of capitalized software costs 0 0 648,563 0
Deferred Rent 0 175,314 (147,605) 0
Interest income (355,338) 0 0 (2,474,344)
Unrealized (loss) gain on marketable securities held in Trust Account 64,985 0 0 (66,507)
Deferred income taxes (18,678) 0 0 19,116
Changes in operating assets and liabilities:        
Accounts receivable 0 (1,029,096) (593,675) 0
Deposits 0 (79,500) 19,397 0
Deferred Production costs 0 (2,145,999) (4,108,748) 0
Prepaid expenses and other current assets (33,093) (227,324) (179,247) 21,843
Accounts payable 0 (642,686) 367,956 0
Accrued expenses 0 898,157 576,731 0
Accrued interest on convertible debt 0 469,296 0 0
Accrued interest on notes payable to Former Parent 0 0 1,787,527 0
Deferred Revenue 0 (154,646) 815,568 0
Accounts payable and accrued expenses 45,391 0 0 103,123
Accounts payable - related party 2,940 0 0 10,400
Income taxes payable 85,722 0 0 387,048
Total adjustments 0 3,168,010 13,144,534 0
Net cash used in operating activities (114,921) (7,750,900) (11,232,448) (858,122)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Net cash acquired in Merger 0 14,941,683 0 0
Investment in TV Azteca 0 (3,500,000) 0 0
Investment in ESA 0 (1,238,631) (5,851,858) 0
Purchases of property and equipment 0 (2,173,200) (16,834,824) 0
Purchases of intangible assets 0 (99,822) (38,334) 0
Principal deposited in trust account (138,690,000) 0 0 0
Withdrawal from Trust Account to pay for taxes and franchise fees 0 0 0 213,897
Net cash provided by (used in) investing activities (138,690,000) 7,930,030 (22,725,016) 213,897
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  
Repayment of promissory note - related party (125,000) 0 0 0
Proceeds from issuance of common stock to Sponsor 25,000 0 0 0
Proceeds from initial public offering, net of offering costs 134,820,275 0 0 0
Proceeds from private placement to Sponsor 4,450,000 0 0 0
Proceeds from sale of unit option to underwriter 100 0 0 0
Net cash provided by financing activities 139,232,875 3,653,196 30,444,286 350,000
Effect of exchange rate changes on cash   1,874 (36,872)  
NET CHANGE IN CASH AND CASH EQUIVALENTS 427,954 3,834,200 (3,550,050) (294,225)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 0 10,471,296 13,610,138 13,610,138
CASH AND CASH EQUIVALENTS AT END OF PERIOD 13,610,138 14,305,496 10,060,088 10,471,296
SUPPLEMENTAL INFORMATION:        
Income taxes paid 0 0 0 169,709
Cash paid during period for interest 0 0 46,466 0
NON-CASH INVESTING AND FINANCE ACTIVITIES:        
Payment of offering costs through promissory note - related party 62,500 0 0 0
Initial value of common stock subject to possible exemption 134,231,177 0 0 0
Change in value of common stock subject to possible redemption 94,843 0 0 1,141,199
Non cash investment in ESA 0 0 5,610,085 0
Due to Former Parent satisfied by issuance of common stock in connection with Merger 0 18,179,745 0 0
Convertible debt and related interest assumed in Merger 0 10,992,877 0 0
Warrants granted to convertible debt holders in connection with Merger 0 114,804 0 0
Contingent consideration for convertible debt holders in connection with Merger $ 0 $ 152,590 $ 0 $ 0