Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
In-person $ 696,890 $ 2,586,965 $ 3,701,139 $ 8,554,030
Multiplatform content 1,264,346 1,031,383 3,186,494 3,873,709
Interactive 3,927,066 2,423,193 9,628,009 7,187,196
Total Revenues 5,888,302 6,041,541 16,515,642 19,614,935
Costs and Expenses:        
In-person (exclusive of depreciation and amortization) 640,409 1,196,572 2,134,964 3,334,803
Multiplatform content (exclusive of depreciation and amortization) 928,354 786,706 1,953,561 2,907,827
Interactive (exclusive of depreciation and amortization) 1,249,799 569,478 2,982,899 1,976,012
Online operating expenses 329,639 172,879 993,802 401,394
Selling and marketing expenses 168,080 705,714 1,093,295 2,392,929
General and administrative expenses 3,578,760 4,693,285 12,165,463 13,265,767
Stock-based compensation 577,167 18,407 4,912,640 18,407
Depreciation and amortization 1,738,020 1,716,103 5,330,317 5,133,947
Impairment of investment in ESA 1,138,631 600,000
Total Costs and Expenses 9,210,228 9,859,144 32,705,572 30,031,086
Loss From Operations (3,321,926) (3,817,603) (16,189,930) (10,416,151)
Other (Expense) Income:        
Other income (2,973) 15,684 1,210 15,684
Conversion inducement expense   (5,247,531)
Extinguishment loss on acceleration of debt redemption (1,733,768) (1,733,768)
Interest expense (1,490,210) (451,553) (3,036,056) (518,443)
Total Other Expense (3,226,951) (435,869) (10,016,145) (502,759)
Net Loss (6,548,877) (4,253,472) (26,206,075) (10,918,910)
Other comprehensive income:        
Foreign currency translation adjustments 45,358 (21,083) 45,548 (13,366)
Total Comprehensive Loss $ (6,503,519) $ (4,274,555) $ (26,160,527) $ (10,932,276)
Basic and Diluted Net Loss per Common Share (in Dollars per share) $ (0.22) $ (0.24) $ (0.99) $ (0.79)
Weighted Average Number of Common Shares Outstanding:        
Basic and Diluted (in Shares) 29,626,222 18,098,797 26,508,006 13,791,896