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Segment Reporting
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Reporting

Note 23: Segment Reporting

 

The Company’s CODM uses revenue and net earnings to evaluate the profitability and performance of each operating segment. All other financial information is reviewed by the CODM on a consolidated basis. The CODM does not evaluate the operating segments using asset information and it is therefore not disclosed. All expenses directly attributable to each reportable segment is included in operating results for each segment. However, the CODM does not evaluate the expenses by operating segment and, therefore, it is not separately presented.

  

The following table presents the revenue and net earnings within the Company’s two operating segments for the three and nine months ended September 30, 2022 and 2021 (in thousands):

                
   Three Months Ended  

 

Nine months Ended

 
  

September 30,

2022

  

September 30,

2021

  

September 30,

2022

  

September 30,

2021

 
Total Revenues:                    
Content Production & Distribution  $18,481   $690   $39,978   $2,371 
Media Advisory & Advertising Services   1,198    1,182    3,266    2,907 
Total Revenue  $19,679   $1,872   $43,244   $5,278 
                     
Net Loss:                    
Content Production & Distribution   (10,831)   (8,872)   (27,735)   (91,702)
Media Advisory & Advertising Services   (387)   (381)   (1,353)   (1,205)
Total Net Operating Loss  $(11,218)  $(9,253)  $(29,088)  $(92,907)

 

Geographic Information

 

The following table provides information about disaggregated revenue by geographic area for the three and nine months ended September 30, 2022 and 2021 (in thousands)

                
   Three Months Ended   Nine months Ended 
  

September 30,

2022

  

September 30,

2021

  

September 30,

2022

  

September 30,

2021

 
Total Revenues:                    
United States  $14,451   $1,210   $31,267   $3,690 
Canada   4,690    662    10,464    1,588 
United Kingdom   538        1,513     
Total Revenue  $19,679   $1,872   $43,244   $5,278