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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue

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

 

   2021   2020 
   Years Ended December 31, 
   2021   2020 
Revenue by category:          
Digital revenue          
Digital advertising  $62,864,924   $34,648,945 
Digital subscriptions   29,628,355    28,495,676 
Other revenue   8,515,655    4,596,686 
Total digital revenue   101,008,934    67,741,307 
Print revenue          
Print advertising   9,050,671    9,710,877 
Print subscriptions   79,080,729    50,580,213 
Total print revenue   88,131,400    60,291,090 
Total  $189,140,334   $128,032,397 
Revenue by geographical market:          
United States  $182,706,557   $122,570,712 
Other   6,433,777    5,461,685 
Total  $189,140,334   $128,032,397 
Revenue by timing of recognition:          
At point in time  $159,511,979   $99,536,721 
Over time   29,628,355    28,495,676 
Total  $189,140,334   $128,032,397 
Schedule of Contract with Customer, Asset and Liability

The following table provides information about contract balances:

 

   2021   2020 
   As of December 31, 
   2021   2020 
Unearned revenue (short-term contract liabilities):          
Digital revenue  $14,692,479   $15,039,331 
Print revenue   39,337,178    46,586,345 
Total short-term contract liabilities  $54,029,657   $61,625,676 
Unearned revenue (long-term contract liabilities):          
Digital revenue  $1,444,440   $785,636 
Print revenue   13,831,452    22,712,961 
Total long-term contract liabilities  $15,275,892   $23,498,597 
Schedule of Cash and Restricted Cash

The following table reconciles total cash, cash equivalents, and restricted cash:

 

   2021   2020 
   As of December 31, 
   2021   2020 
Cash and cash equivalents  $9,349,020   $9,033,872 
Restricted cash   501,780    500,809 
Total cash, cash equivalents, and restricted cash  $9,850,800   $9,534,681 
Schedule of Depreciation and Amortization, Useful Lives of Assets

Property and equipment is stated at cost less accumulated depreciation and amortization. Major improvements are capitalized, while maintenance and repairs are charged to expense as incurred. Gains and losses from disposition of property and equipment are included in the statement of operations when realized. Depreciation and amortization are provided using the straight-line method over the following estimated useful lives:

 

Office equipment and computers  13 years
Furniture and fixtures  15 years
Leasehold improvements  Shorter of remaining lease term or estimated useful life
Schedule of Net Income (Loss) Per Common Share

The Company excluded the outstanding securities summarized below (capitalized terms are described herein), which entitle the holders thereof to acquire shares of the Company’s common stock, from its calculation of net income loss per common share, as their effect would have been anti-dilutive.

 

   As of December 31, 
   2021   2020 
Series G Preferred Stock   8,582    8,582 
Series H Preferred Stock   2,075,200    2,699,312 
Restricted Stock Awards   194,806    14,394 
Financing Warrants   116,118    131,003 
ABG Warrants   999,540    999,540 
AllHipHop Warrants   5,681    5,681 
Publisher Partner Warrants   35,607    35,888 
Common Stock Awards   293,341    313,742 
Common Equity Awards   6,907,454    3,730,106 
Outside Options   138,637    138,728 
Total   10,774,966    8,076,976