Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Disaggregation of revenue

 

 

Three Months

Ended June 30,

 

 

Six Months

Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Advertising and sponsorships

 

$ 485,000

 

 

$ 49,000

 

 

$ 928,000

 

 

$ 56,000

 

Content sales

 

 

365,000

 

 

 

236,000

 

 

 

646,000

 

 

 

457,000

 

Direct to consumer

 

 

234,000

 

 

 

39,000

 

 

 

298,000

 

 

 

54,000

 

 

 

$ 1,084,000

 

 

$ 324,000

 

 

$ 1,872,000

 

 

$ 567,000

 

Noncash stock-based compensation expense

 

 

Three Months

Ended June 30,

 

 

Six Months

Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Sales, marketing and advertising

 

$ 237,000

 

 

$ 197,000

 

 

$ 420,000

 

 

$ 395,000

 

Technology platform and infrastructure

 

 

24,000

 

 

 

59,000

 

 

 

57,000

 

 

 

148,000

 

General and administrative

 

 

300,000

 

 

 

141,000

 

 

 

495,000

 

 

 

556,000

 

Total noncash stock compensation expense

 

$ 561,000

 

 

$ 397,000

 

 

$ 972,000

 

 

$ 1,099,000

 

Schedule of account payable

 

 

Three Months

Ended June 30,

 

 

Six Months

Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Number of customers > 10% of revenues / percent of revenues

 

 

One / 15%

 

 

 

Six / 84%

 

 

 

-

 

 

 

Four / 61 %

 

 

 

 

June 30,

2021

 

 

December 31,

2020

 

Number of customers > 10% of accounts receivable / percent of accounts receivable 

 

 

One / 13%

 

 

Four / 61%

Number of vendors > 10% of accounts payable / percent of accounts payable

 

One / 11%

 

 

One / 55%