Gaia (GAIA) 10-Q 6 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 02, 2019
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Trading Symbol	GAIA
Entity Registrant Name	GAIA, INC
Entity Central Index Key	0001089872
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	000-27517
Entity Tax Identification Number	841113527
Entity Address, Address Line One	833 WEST SOUTH BOULDER ROAD
Entity Address, City or Town	LOUISVILLE
Entity Address, State or Province	COLORADO
Entity Address, Postal Zip Code	80027
City Area Code	303
Local Phone Number	222-3600
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		12,984,971
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,400,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash	$ 17,477	$ 29,964
Accounts receivable	2,078	1,334
Prepaid expenses and other current assets	3,232	3,192
Total current assets	22,787	34,490
Building and land, net	22,328	21,688
Media library, software and equipment, net	33,296	27,623
Goodwill	17,289	10,609
Investments and other assets	13,725	12,741
Total assets	109,425	107,151
Current liabilities:
Accounts payable, accrued and other liabilities	9,274	7,993
Deferred revenue	6,699	5,029
Total current liabilities	15,973	13,022
Long-term debt	18,365	12,500
Deferred taxes	207	164
Total liabilities	34,545	25,686
Gaia, Inc. shareholders’ equity:
Additional paid-in capital	144,275	139,666
Accumulated deficit	(69,397)	(58,203)
Total equity	74,880	81,465
Total liabilities and equity	109,425	107,151
Class A Common Stock [Member]
Gaia, Inc. shareholders’ equity:
Common stock	1	1
Class B Common Stock [Member]
Gaia, Inc. shareholders’ equity:
Common stock	$ 1	$ 1

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Class A Common Stock [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	12,984,971	12,500,139
Common stock, shares outstanding	12,984,971	12,500,139
Class B Common Stock [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	5,400,000	5,400,000
Common stock, shares outstanding	5,400,000	5,400,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Revenues, net	$ 13,164	$ 10,000	$ 25,631	$ 19,138
Cost of revenues	1,785	1,290	3,385	2,471
Gross profit	11,379	8,710	22,246	16,667
Expenses:
Selling and operating	14,173	13,961	29,895	28,478
Corporate, general and administration	1,493	1,340	3,086	2,751
Total operating expenses	15,666	15,301	32,981	31,229
Loss from operations	(4,287)	(6,591)	(10,735)	(14,562)
Interest and other income (expense), net	(196)	160	(159)	177
Loss before income taxes	(4,483)	(6,431)	(10,894)	(14,385)
Income tax expense (benefit)	42		42	(1,826)
Loss from continuing operations	(4,525)	(6,431)	(10,936)	(12,559)
Income (loss) from discontinued operations	57	82	(258)	175
Net loss	$ (4,468)	$ (6,349)	$ (11,194)	$ (12,384)
Income (loss) per share-basic and diluted:
Continuing operations	$ (0.25)	$ (0.36)	$ (0.61)	$ (0.75)
Discontinued operations			(0.01)	0.01
Basic and diluted net loss per share	$ (0.25)	$ (0.36)	$ (0.62)	$ (0.74)
Weighted-average shares outstanding:
Basic and diluted	17,944	17,890	17,917	16,627

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Class A Common Stock [Member]	Accumulated Deficit	Common Stock	Common StockClass A Common Stock [Member]	Additional Paid-in Capital	Additional Paid-in CapitalClass A Common Stock [Member]
Beginning balance at Dec. 31, 2017	$ 76,152		$ (24,410)	$ 2		$ 100,560
Beginning balance (in shares) at Dec. 31, 2017				15,169,961
Offering of Class A common stock		$ 37,128					$ 37,128
Offering of Class A common stock (in shares)					2,683,333
Issuance of Gaia, Inc. common stock for stock option exercises and share-based compensation, net of tax	493					493
Issuance of Gaia, Inc. common stock for stock option exercises and share-based compensation, net of tax (in shares)				30,252
Net loss	(6,035)		(6,035)
Ending balance at Mar. 31, 2018	107,738		(30,445)	$ 2		138,181
Ending balance (in shares) at Mar. 31, 2018				17,883,546
Beginning balance at Dec. 31, 2017	76,152		(24,410)	$ 2		100,560
Beginning balance (in shares) at Dec. 31, 2017				15,169,961
Net loss	(12,384)
Ending balance at Jun. 30, 2018	101,928		(36,794)	$ 2		138,720
Ending balance (in shares) at Jun. 30, 2018				17,900,139
Beginning balance at Mar. 31, 2018	107,738		(30,445)	$ 2		138,181
Beginning balance (in shares) at Mar. 31, 2018				17,883,546
Issuance of Gaia, Inc. common stock for stock option exercises and share-based compensation, net of tax	539					539
Issuance of Gaia, Inc. common stock for stock option exercises and share-based compensation, net of tax (in shares)				16,593
Net loss	(6,349)		(6,349)
Ending balance at Jun. 30, 2018	101,928		(36,794)	$ 2		138,720
Ending balance (in shares) at Jun. 30, 2018				17,900,139
Beginning balance at Dec. 31, 2018	81,465		(58,203)	$ 2		139,666
Beginning balance (in shares) at Dec. 31, 2018				17,900,139
Share-based compensation, net of tax	594					594
Net loss	(6,726)		(6,726)
Ending balance at Mar. 31, 2019	75,333		(64,929)	$ 2		140,260
Ending balance (in shares) at Mar. 31, 2019				17,900,139
Beginning balance at Dec. 31, 2018	81,465		(58,203)	$ 2		139,666
Beginning balance (in shares) at Dec. 31, 2018				17,900,139
Net loss	(11,194)
Ending balance at Jun. 30, 2019	74,880		(69,397)	$ 2		144,275
Ending balance (in shares) at Jun. 30, 2019				18,384,971
Beginning balance at Mar. 31, 2019	75,333		(64,929)	$ 2		140,260
Beginning balance (in shares) at Mar. 31, 2019				17,900,139
Share-based compensation, net of tax	515					515
Issuance of Gaia, Inc. common stock for asset acquisition and business combination	3,500					3,500
Issuance of Gaia, Inc. common stock for asset acquisition and business combination, (in shares)				484,832
Net loss	(4,468)		(4,468)
Ending balance at Jun. 30, 2019	$ 74,880		$ (69,397)	$ 2		$ 144,275
Ending balance (in shares) at Jun. 30, 2019				18,384,971

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating activities:
Net loss	$ (11,194)	$ (12,384)
(Income) loss from discontinued operations	258	(175)
Loss from continuing operations	(10,936)	(12,559)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:
Depreciation and amortization	4,361	3,217
Share-based compensation expense	1,109	991
Changes in operating assets and liabilities:
Accounts receivable, net	(744)	(267)
Prepaid expenses and other assets	(497)	(603)
Accounts payable and accrued liabilities	720	1,109
Deferred revenue	670	1,108
Net cash used in operating activities - continuing operations	(5,317)	(7,004)
Net cash provided by operating activities - discontinued operations	76	175
Net cash used in operating activities	(5,241)	(6,829)
Investing activities:
Acquisitions, net of cash acquired, and purchases of intangible assets	(1,575)
Additions to media library, property and equipment	(9,763)	(9,432)
Net cash used in investing activities	(11,338)	(9,432)
Financing activities:
Repayments on line of credit	(12,500)	(12,500)
Proceeds from issuance of term mortgage, net of issuance costs	16,592
Proceeds from the issuance of common stock		37,143
Net cash provided by financing activities	4,092	24,643
Net increase (decrease) in cash	(12,487)	8,382
Cash at beginning of period	29,964	32,778
Cash at end of period	$ 17,477	$ 41,160

Organization, Nature of Operati

Organization, Nature of Operations, and Principles of Consolidation	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Organization, Nature of Operations, and Principles of Consolidation	1. Organization, Nature of Operations, and Principles of Consolidation Gaia, Inc. was incorporated under the laws of the State of Colorado in 1988 and operates a global digital video subscription service and on-line community that caters to a unique and underserved subscriber base. Our digital content library consists of approximately 8,000 English language titles as well as a growing selection of titles available in French, German, and Spanish. Our subscribers have unlimited access to a vast library of inspiring films, cutting edge documentaries, interviews, yoga classes, transformation related content, and more – 85% of which is exclusively available to our subscribers for digital streaming on most internet-connected devices anytime, anywhere, commercial-free. Our mission is to create a transformational network that empowers a global conscious community. Content on our network is currently curated into four channels: Yoga, Transformation, Alternative Healing, and Seeking Truth, and delivered directly to our subscribers through our streaming platform. We expand programming for these channels primarily by producing content in our in-house production studios with a staff of media professionals. This content produced for and owned by us, currently represents about 80% of total viewership. In addition, we complement our produced and owned content through long term, predominately exclusive, licensing agreements. We have prepared the accompanying unaudited interim condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”) and they include our accounts and those of our subsidiaries. Intercompany transactions and balances have been eliminated. The unaudited condensed consolidated financial position, results of operations and cash flows for the interim periods disclosed in this report are not necessarily indicative of future financial results. There have been no material changes in our significant accounting policies, other than the adoption of accounting pronouncements below, as compared to the significant accounting polices described in our Annual Report on Form 10-K for the year ended December 31, 2018. Use of Estimates and Reclassifications The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the accompanying financial statements and disclosures. Although we base these estimates on our best knowledge of current events and actions that we may undertake in the future, actual results may be different from the estimates. We have made certain reclassifications to prior period amounts to conform to the current period presentations. Recently Adopted Accounting Policies In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases must be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The new standard did not have a material impact on our reported financial position or results of operations in the three and six months ended June 30, 2019. Recently Issued Accounting Policies In March 2019, the FASB issued ASU 2019-02, Improvements to Accounting for Costs of Films and License Agreements for Program Materials Discontinued Operations In the first quarter of 2019, we reclassified our legacy DVD subscription club as a discontinued operation and have presented the related operations in discontinued operations on the accompanying statement of operations. There were no assets or liabilities associated with this club in the condensed consolidated balance sheets.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2019
Revenue Recognition [Abstract]
Revenue Recognition	2. Revenue Recognition Revenues consist primarily of subscription fees paid by our customers. We present revenues net of taxes collected from customers. Subscribers are billed in advance and revenues are recognized ratably over the subscription term. Deferred revenues consist of subscription fees collected from customers that have not been earned and are recognized ratably over the remaining term of the subscription. We recognize revenue on a net basis for relationships where our partners have the primary relationship, including billing and service delivery, with the subscriber. Payments made to partners to assist in promoting our service on their platforms are expensed as marketing expenses in the period incurred. We do not allow access to our service to be provided as part of a bundle by any of our partners.

Equity and Share-Based Compensa

Equity and Share-Based Compensation	6 Months Ended
	Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity and Share-Based Compensation	3. Equity and Share-Based Compensation In June 2019, we issued 404,891 shares of Class A common stock as part of the consideration for an acquisition of a complementary streaming platform focused on Alternative Healing. If the acquired platform maintains profitability and achieves a specific subscriber growth threshold as of June 30, 2020, we may issue up to 208,589 additional shares of Class A common stock as additional consideration. We also issued 79,941 shares of Class A common stock as part of the consideration to acquire over 450 titles of original content that will be integrated into our Alternative Healing channel. During the first six months of 2019 and 2018, we recognized approximately $1,109,000 and $991,000, respectively, of share-based compensation expense. Total share-based compensation expense is reported in selling and operating expenses and corporate, general and administration expenses on our condensed consolidated statements of operations. During the first six months of 2018 t here were 45,800 options exercised with net proceeds of $258,000. There were no options exercised during the first six months of 2019.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	4. Goodwill and Other Intangible Assets The following table sets forth changes in goodwill for the period from December 31, 2018 through June 30, 2019: (in thousands) Balance at December 31, 2018 $ 10,609 Acquisition 6,680 Balance at June 30, 2019 $ 17,289 The following table represents our other intangible assets by major asset class as of the dates indicated, which are included in Investments and Other Assets on the accompanying condensed consolidated balance sheet: June 30, December 31, (in thousands) 2019 2018 Amortizable Intangible Assets Customer related Gross carrying amount $ 550 $ — Accumulated amortization (46 ) — $ 504 $ — Unamortized Intangible Assets Domain names $ 571 $ 571 The customer related intangible assets are being amortized on a straight-line basis over 12 months. Amortization expense was $46,000 for the three and six months ended June 30, 2019. Amortization expense for the remainder of 2019 is expected to be $276,000.

Debt

Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt	5. Debt On April 26, 2019, we replaced the line of credit of our wholly owned subsidiary Boulder Road LLC with a $17.0 million mortgage with BDS III Mortgage Capital B LLC, as lender. The mortgage bears interest at a fixed spread over LIBOR, matures on May 1, 2022, is secured by our corporate campus and is guaranteed by Gaia with no recourse against other assets. The current interest rate is 6.53%. Boulder Road’s financial statements are included within our consolidated financial statements; however, Boulder Road’s assets and credit are only available to pay its own debts and obligations and are not available to satisfy the debts or obligations of any other entity. In June 2019, one of our wholly owned subsidiaries issued a $1.45 million secured convertible promissory note as part of the consideration for the platform acquisition discussed in Note 3. This note is secured by the assets acquired by the subsidiary, bears interest at 2% per annum and is due and payable on January 2, 2021. The promissory note is convertible into 200,379 shares of Class A common stock at the election of the holder at any time prior to maturity. No payments are due prior to maturity. Also in June 2019, one of our wholly owned subsidiaries issued a $300,000 secured convertible promissory note as part of the consideration for the acquisition of a library of original content discussed in Note 3. This note is secured by the library acquired by the subsidiary, bears interest at 2% per annum and is due and payable on January 2, 2021. The promissory note is convertible into 41,145 shares of Class A common stock at the election of the holder at any time prior to maturity. No payments are due prior to maturity.

Net Loss per Share

Net Loss per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Net Loss per Share	6. Net Loss per Share Basic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by giving effect to all shares of common stock underlying stock options, restricted stock units and convertible notes payable, to the extent dilutive. Basic and diluted net loss per share were the same for the three and six months ended June 30, 2019 and 2018, respectively, as the inclusion of all underlying common shares would have been anti-dilutive.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	7. Income Taxes Our provision for income taxes is comprised of the following: For the Three Months Ended June 30, For the Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Current: Federal $ — $ — $ — $ — State — — — — Total current — — — — Deferred: Federal 42 — 42 (1,818 ) State — — — (8 ) Total deferred 42 — 42 (1,826 ) Total income tax benefit $ 42 $ — $ 42 $ (1,826 ) The income tax benefit recorded during 2018 is a result of our historical alternative minimum tax payments becoming fully refundable in 2018. The income tax expense recorded in 2019 is a result of the amortization of goodwill over 15 years for tax purposes. Periodically, we perform assessments of the realization of our net deferred tax assets considering all available evidence, both positive and negative. Based on our historical operating losses, combined with our plans to continue to invest in our revenue growth and generate losses for the next few years, we have a full valuation allowance on our deferred tax assets. As of June 30, 2019, our net operating loss carryforwards on a gross basis were $89.5 million and $25.2 million for federal and state, respectively.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Contingencies	8. Contingencies From time to time, we are involved in legal proceedings that we consider to be in the normal course of business. We record accruals for losses related to those matters against us that we consider to be probable and that can be reasonably estimated. Based on available information, in the opinion of management, settlements, arbitration awards and final judgments, if any, that are considered probable of being rendered against us in litigation or arbitration in existence at June 30, 2019 and that can be reasonably estimated are either reserved against or would not have a material adverse effect on our financial condition, results of operations or cash flows.

Organization, Nature of Opera_2

Organization, Nature of Operations, and Principles of Consolidation (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Use of Estimates and Reclassifications	Use of Estimates and Reclassifications The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the accompanying financial statements and disclosures. Although we base these estimates on our best knowledge of current events and actions that we may undertake in the future, actual results may be different from the estimates. We have made certain reclassifications to prior period amounts to conform to the current period presentations.
Recently Adopted Accounting Policies	Recently Adopted Accounting Policies In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases must be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The new standard did not have a material impact on our reported financial position or results of operations in the three and six months ended June 30, 2019. Recently Issued Accounting Policies In March 2019, the FASB issued ASU 2019-02, Improvements to Accounting for Costs of Films and License Agreements for Program Materials
Discontinued Operations	Discontinued Operations In the first quarter of 2019, we reclassified our legacy DVD subscription club as a discontinued operation and have presented the related operations in discontinued operations on the accompanying statement of operations. There were no assets or liabilities associated with this club in the condensed consolidated balance sheets.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Changes in Goodwill	The following table sets forth changes in goodwill for the period from December 31, 2018 through June 30, 2019: (in thousands) Balance at December 31, 2018 $ 10,609 Acquisition 6,680 Balance at June 30, 2019 $ 17,289
Schedule of Other Intangible Assets by Major Asset Class	The following table represents our other intangible assets by major asset class as of the dates indicated, which are included in Investments and Other Assets on the accompanying condensed consolidated balance sheet: June 30, December 31, (in thousands) 2019 2018 Amortizable Intangible Assets Customer related Gross carrying amount $ 550 $ — Accumulated amortization (46 ) — $ 504 $ — Unamortized Intangible Assets Domain names $ 571 $ 571

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Provision for Income Taxes	Our provision for income taxes is comprised of the following: For the Three Months Ended June 30, For the Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Current: Federal $ — $ — $ — $ — State — — — — Total current — — — — Deferred: Federal 42 — 42 (1,818 ) State — — — (8 ) Total deferred 42 — 42 (1,826 ) Total income tax benefit $ 42 $ — $ 42 $ (1,826 )

Organization, Nature of Opera_3

Organization, Nature of Operations, and Principles of Consolidation - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2019TitleChannel
Organization Nature Of Operations And Principles Of Consolidation [Line Items]
Number of titles available in digital content library | Title	8,000
Number of channels | Channel	4
Percentage of produced and owned content of total views	80.00%
Minimum [Member]
Organization Nature Of Operations And Principles Of Consolidation [Line Items]
Percentage of digital streaming exclusively available for subscribers	85.00%

Equity and Share-Based Compen_2

Equity and Share-Based Compensation - Additional Information (Detail)	1 Months Ended	6 Months Ended
	Jun. 30, 2019Titleshares	Jun. 30, 2019USD ($)shares	Jun. 30, 2018USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $		$ 1,109,000	$ 991,000
Options exercised during period		0	45,800
Proceeds from stock options exercised | $			$ 258,000
Original Content Acquisition [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of titles of original content acquired to be integrated | Title	450
Class A Common Stock [Member] | Complementary Streaming Platform [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock as consideration for acquisition	404,891
Class A Common Stock [Member] | Complementary Streaming Platform [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional number of shares to be issued as consideration	208,589
Class A Common Stock [Member] | Original Content Acquisition [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock as consideration for acquisition	79,941

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Changes in Goodwill (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill, Beginning Balance	$ 10,609
Acquisition	6,680
Goodwill, Ending Balance	$ 17,289

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Other Intangible Assets by Major Asset Class (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Customer Related Intangible Assets [Member]
Intangible Assets Other Than Goodwill [Line Item]
Amortizable Intangible Assets, Gross carrying amount	$ 550
Amortizable Intangible Assets, Accumulated amortization	(46)
Amortizable Intangible Assets, Net	504
Domain Names [Member]
Intangible Assets Other Than Goodwill [Line Item]
Unamortized Intangible Assets	$ 571	$ 571

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Additional Informtion (Detail) - Customer Related Intangible Assets [Member]	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Intangible Assets Other Than Goodwill [Line Item]
Intangible assets, useful life		12 months
Intangible assets, amortization method		Straight-line basis
Intangible assets, amortization expense	$ 46,000	$ 46,000
Intangible assets, amortization expense for remainder of 2019	$ 276,000	$ 276,000

Debt - Additional Information (

Debt - Additional Information (Detail)	Apr. 26, 2019USD ($)	Jun. 30, 2019USD ($)shares
Secured Convertible Promissory Note [Member] | Complementary Streaming Platform Acquisition [Member]
Debt Conversion [Line Items]
Debt instrument, face amount		$ 1,450,000
Debt instrument, interest rate		2.00%
Debt instrument, maturity date		Jan. 2, 2021
Debt instrument payments due on maturity date		$ 0
Secured Convertible Promissory Note [Member] | Complementary Streaming Platform Acquisition [Member] | Class A Common Stock [Member]
Debt Conversion [Line Items]
Debt instrument, convertible, number of shares | shares		200,379
Secured Convertible Promissory Note [Member] | Original Content Acquisition [Member]
Debt Conversion [Line Items]
Debt instrument, face amount		$ 300,000
Debt instrument, interest rate		2.00%
Debt instrument, maturity date		Jan. 2, 2021
Debt instrument payments due on maturity date		$ 0
Secured Convertible Promissory Note [Member] | Original Content Acquisition [Member] | Class A Common Stock [Member]
Debt Conversion [Line Items]
Debt instrument, convertible, number of shares | shares		41,145
Boulder Road LLC [Member] | BDS III Mortgage Capital B LLC [Member] | Mortgage [Member]
Debt Conversion [Line Items]
Borrowings converted, amount	$ 17,000,000
Borrowings converted, maturity date	May 1, 2022
Borrowings converted, interest rate	6.53%

Income Taxes - Provision for In

Income Taxes - Provision for Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2018
Deferred:
Federal	$ 42	$ 42	$ (1,818)
State			(8)
Total deferred	42	42	(1,826)
Total income tax benefit	$ 42	$ 42	$ (1,826)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Income Taxes [Line Items]
Goodwill useful life for income tax purposes	15 years
Federal [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	$ 89.5
State [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	$ 25.2