Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v3.22.1
Segment Reporting
 3 Months Ended
Mar. 31, 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 two operating segments for the three months ended March 31, 2022 and 2021 (in thousands):

               
    Three Months Ended March 31,  
    2022     2021  
Total Revenues:                
Content Production & Distribution   $ 455     $ 311  
Media Advisory & Advertising Services     986       753  
Total Revenue   $ 1,441     $ 1,064  
                 
Net Loss:                
Content Production & Distribution   $ (4,071 )   $ (75,989 )
Media Advisory & Advertising Services     (491 )     (270 )
Total Operating Loss   $ (4,562 )   $ (76,259 )

 

Geographic Information

 

The following table provides information about disaggregated revenue by geographic area for the three months ended March 31, 2022 and 2021 (in thousands):

               
    Three Months Ended March 31,  
    2022     2021  
Total Revenues:                
United States   $ 553     $ 736  
Canada     888       328  
Total Revenue   $ 1,441     $ 1,064