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Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue

The following table provides information about disaggregated revenue by product line, geographical market and timing of revenue recognition:

 

    As of March 31,  
    2020     2019  
Revenue by product line:                
Advertising   $ 11,837,984     $ 6,137,354  
Digital subscriptions     5,537,247       51,913  
Magazine circulation     12,537,532       -  
Other     500,090       84,696  
Total   $ 30,412,853     $ 6,273,963  
Revenue by geographical market:                
United States   $ 29,282,130     $ 6,273,963  
Other     1,130,723       -  
Total   $ 30,412,853     $ 6,273,963  
Revenue by timing of recognition:                
At point in time   $ 24,875,606     $ 6,222,050  
Over time     5,537,247       51,913  
Total   $ 30,412,853     $ 6,273,963  

 

Schedule of Contract with Customer, Asset and Liability

The following table provides information about contract balances:

 

    As of  
    March 31,
2020
    December 31,
2019
 
Unearned revenue (short-term contract liabilities):                
Digital subscriptions     11,070,739     $ 8,634,939  
Magazine circulation     38,177,153       23,528,148  
    $ 49,247,892     $ 32,163,087  
Unearned revenue (long-term contract liabilities):                
Digital subscriptions   $ 1,244,706     $ 478,557  
Magazine circulation     14,059,429       30,478,154  
Other     215,000       222,500  
    $ 15,519,135     $ 31,179,211