v3.23.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
|
| Revenues: | ||||
| In-person | $ 1,267,773 | $ 1,129,371 | $ 2,461,103 | $ 2,182,437 |
| Multiplatform content | 2,000,322 | 28,463 | 2,000,424 | 1,387,451 |
| Total Revenues | 3,268,095 | 1,157,834 | 4,461,527 | 3,569,888 |
| Costs and Expenses: | ||||
| In-person (exclusive of depreciation and amortization) | 643,831 | 933,314 | 1,316,053 | 1,672,288 |
| Multiplatform content (exclusive of depreciation and amortization) | 1,517,311 | 43,364 | 1,517,707 | 989,876 |
| Selling and marketing expenses | 66,941 | 62,131 | 121,539 | 131,169 |
| General and administrative expenses | 2,223,025 | 2,766,422 | 4,766,372 | 6,364,292 |
| Depreciation and amortization | 212,218 | 808,233 | 790,778 | 1,616,845 |
| Impairment of digital assets | 164,411 | 164,411 | ||
| Total Costs and Expenses | 4,663,326 | 4,777,875 | 8,512,449 | 10,938,881 |
| Loss From Operations | (1,395,231) | (3,620,041) | (4,050,922) | (7,368,993) |
| Other Income (Expense): | ||||
| Other (expense) income, net | (11,113) | (73,225) | 16,342 | (79,932) |
| Interest income, net | 715,126 | 4,315 | 1,449,575 | 8,777 |
| Total Other Income (Expense) | 704,013 | (68,910) | 1,465,917 | (71,155) |
| Net loss | (691,218) | (3,688,951) | (2,585,005) | (7,440,148) |
| Other comprehensive income: | ||||
| Foreign currency translation adjustments | (71,595) | 1,880 | (58,631) | |
| Total Comprehensive Loss | $ (691,218) | $ (3,760,546) | $ (2,583,125) | $ (7,498,779) |
| Net Loss (Income) per Common Share | ||||
| Basic (in Dollars per share) | $ (0.02) | $ (0.09) | $ (0.07) | $ (0.19) |
| Weighted Average Number of Common Shares Outstanding: | ||||
| Basic (in Shares) | 37,199,100 | 39,116,907 | 37,559,922 | 39,090,830 |
| X | ||||||||||
- Definition Amount of expense charged against earnings to allocate the cost of tangible and intangible assets over their remaining economic lives, classified as other. No definition available.
|
| X | ||||||||||
- Definition In-person revenue is comprised of event revenue, sponsorship revenue, merchandising revenue, and other revenue. No definition available.
|
| X | ||||||||||
- Definition Cost of in-person revenues, exclusive of depreciation and amortization. No definition available.
|
| X | ||||||||||
- Definition Multiplatform content revenue is comprised of distribution revenue, sponsorship revenue, music royalty revenue, online advertising revenue and content revenue. No definition available.
|
| X | ||||||||||
- Definition The amount of multiplatform content. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Portion of net income (loss) attributable to nonredeemable noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|