Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v3.21.2
Segment Reporting
 9 Months Ended
Sep. 30, 2021
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 our two operating segments:

Segment information by revenues and net earnings

                               
    Three Months Ended     Nine Months Ended  
    September 30,
2021		     September 30,
2020		     September 30,
2021		     September 30,
2020		  
Total Revenues:                                
Content Production & Distribution   $ 689,657     $ 273,992     $ 2,371,412     $ 1,169,410  
Media & Advertising Services     1,181,792       –       2,906,504       –  
Total Revenue   $ 1,871,449     $ 273,992     $ 5,277,916       (1,169,410 )
                                 
Net Loss:                                
Content Production & Distribution     (8,872,348 )     (2,007,209 )     (91,702,308 )   $ (391,101,155 )
Media & Advertising Services     (381,032 )     –       (1,204,663 )     –  
Total Operating Loss     (9,253,380 )     (2,007,209 )   $ (92,906,971 )   $ (391,101,155 )

 

Geographic Information

 

The following table provides information about disaggregated revenue by geographic area:

 

                               
    Three Months Ended     Nine Months Ended  
    September 30,
2021		     September 30,
2020		     September 30,
2021		     September 30,
2020		  
United States   $ 1,209,753     $ 273,992     $ 3,689,866     $ 1,169,410  
Canada     661,696       –       1,588,050       –  
Total Revenue   $ 1,871,449     $ 273,992     $ 5,277,916     $ 1,169,410