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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash flows from operating activities              
Net loss $ (20,656,558) $ (25,463,305) $ (23,161,329) $ (22,776,624) $ (46,119,863) $ (45,937,953)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation of property and equipment         219,726 396,966  
Amortization of platform development and intangible assets         12,031,197 12,086,173  
Gain upon debt extinguishment (5,716,697)     (5,716,697)  
Amortization of debt discounts         1,000,882 3,206,982  
Change in valuation of warrant derivative liabilities (360,093)   (243,276)   304,943 (382,495)  
Change in valuation of embedded derivative liabilities   (2,922,000)   (4,543,000)  
Accrued interest         3,632,271 4,385,240  
Liquidated damages         1,364,003 1,167,674  
Stock-based compensation         13,215,394 7,343,575  
Other         (759,977) (141,188)  
Change in operating assets and liabilities net of effect of business combination:              
Accounts receivable         4,375,402 5,852,029  
Subscription acquisition costs         (13,783,625) (9,975,651)  
Royalty fees         7,500,000 7,500,000  
Prepayments and other current assets         (4,059,777) (156,872)  
Other long-term assets         (121,085) (714,062)  
Accounts payable         3,813 (1,167,051)  
Accrued expenses and other         1,714,013 (4,279,568)  
Unearned revenue         14,934,357 6,806,829  
Subscription refund liability         737,460 133,677  
Operating lease liabilities         (404,173) 998,010  
Net cash used in operating activities         (9,931,736) (17,420,685)  
Cash flows from investing activities              
Purchases of property and equipment         (182,318) (1,065,223)  
Capitalized platform development         (1,971,432) (2,061,081)  
Payments for acquisition of business, net of cash acquired         (7,056,949) (315,289)  
Net cash used in investing activities         (9,210,699) (3,441,593)  
Cash flows from financing activities              
Proceeds from long-term debt         11,702,725  
Borrowings (repayments) under line of credit         (2,249,208) 3,243,882  
Proceeds from common stock private placement 19,837,757       20,005,000  
Payments of issuance costs from common stock private placement         (167,243)  
Payment for taxes related to repurchase of restricted common stock         (41,120) (281,821)  
Payment of restricted stock liabilities         (716,002)  
Net cash provided by financing activities         16,831,427 14,664,786  
Net decrease in cash, cash equivalents, and restricted cash         (2,311,008) (6,197,492)  
Cash, cash equivalents, and restricted cash – beginning of period   9,534,681   $ 9,473,090 9,534,681 9,473,090 $ 9,473,090
Cash, cash equivalents, and restricted cash – end of period $ 7,223,673   $ 3,275,598   7,223,673 3,275,598 $ 9,534,681
Supplemental disclosure of cash flow information              
Cash paid for interest         289,483 323,913  
Cash paid for income taxes          
Noncash investing and financing activities              
Reclassification of stock-based compensation to platform development         858,752 869,663  
Issuance of common stock in connection with professional services   $ 125,000     125,000  
Deferred cash payments in connection with acquisition of The Spun         1,639,016  
Assumption of liabilities in connection with acquisition of The Spun         1,500  
Debt discount on delayed draw term note         913,865  
Restricted stock units issued in connection with acquisition of LiftIgniter         500,000  
Assumption of liabilities in connection with acquisition of LiftIgniter         $ 140,381