Annual report pursuant to Section 13 and 15(d)

Segment Reporting

v3.23.1
Segment Reporting
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Reporting 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 are 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 year ended December 31, 2022 (in thousands):
Year Ended
December 31, 2022 December 31, 2021
Total Revenues:
Content Production & Distribution $ 57,211  $ 2,707 
Media Advisory & Advertising Services 5,088  5,166 
Total Revenue $ 62,299  $ 7,873 
Net Loss:
Content Production & Distribution $ (36,862) $ (122,944)
Media Advisory & Advertising Services (8,733) (3,347)
Total Operating Loss $ (45,595) $ (126,291)
Geographic Information
The following table provides information about disaggregated revenue by geographic area at year ended December 31, 2022 (in thousands):
Year Ended
December 31, 2022 December 31, 2021
Total Revenues:
United States $ 45,773  $ 5,567 
Canada 13,113  2,306 
United Kingdom 3,057  – 
Other 356  – 
Total Revenue $ 62,299  $ 7,873