Annual report pursuant to Section 13 and 15(d)

Segment Reporting

v3.22.1
Segment Reporting
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Reporting

Note 26: 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.

 

Prior to the acquisition of ChizComm during the year ended December 31, 2021, the Company only operated in one reportable segment. The following table presents the revenue and net earnings within the two operating segments at the year ended December 31, 2021 (in thousands):

       
Total Revenues:      
Content Production & Distribution   $ 2,707  
Media Advisory & Advertising Services     5,166  
Total Revenue   $ 7,873  
         
Net Loss:        
Content Production & Distribution   $ (122,944 )
Media Advisory & Advertising Services     (3,347 )
Total Operating Loss   $ (126,291 )

 

Geographic Information

 

The following table provides information about disaggregated revenue by geographic area at year ended December 31, 2021 (in thousands):

       
United States   $ 5,567  
Canada     2,306  
Total Revenue   $ 7,873