Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v3.22.2.2
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