SRAX (SRAX) 10-Q 16 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Nov. 08, 2020
Cover [Abstract]
Entity Registrant Name	SRAX, Inc.
Entity Central Index Key	0001538217
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		16,026,690
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 2,446,000	$ 32,000
Accounts receivable	1,260,000	805,000
Prepaid expenses	270,000	715,000
Marketable securities	4,800,000	83,000
Other current assets	63,000	306,000
Current assets	8,839,000	1,941,000
Property and equipment	134,000	191,000
Goodwill	23,351,000	15,645,000
Intangible assets	2,399,000	1,966,000
Right of use assets	390,000	456,000
Other assets	22,000	35,000
Total Assets	35,135,000	20,234,000
Liabilities and stockholders' equity
Accounts payable and accrued liabilities	2,415,000	2,442,000
Derivative liabilities		4,397,000
Other current liabilities	6,850,000	537,000
Payroll protection loan - short-term	548,000
OID convertible debentures - short term	3,683,000
Current liabilities	13,496,000	7,376,000
Right to use liability - long term	282,000	352,000
Payroll protection loan, less current portion	578,000
OID convertible debentures, less current portion	2,748,000
Deferred tax liability	131,000
Total liabilities	17,235,000	7,728,000
Preferred stock
Additional paid-in capital	68,416,000	48,129,000
Accumulated deficit	(50,532,000)	(35,637,000)
Total stockholders' equity	17,900,000	12,506,000
Total liabilities and stockholders' equity	35,135,000	20,234,000
Class A Common Stock [Member]
Liabilities and stockholders' equity
Common stock, value	16,000	14,000
Class B Common Stock [Member]
Liabilities and stockholders' equity
Common stock, value

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Revenues	$ 2,609,000	$ 1,001,000	$ 4,125,000	$ 2,497,000
Cost of revenues	880,000	322,000	1,388,000	1,075,000
Gross profit	1,729,000	679,000	2,737,000	1,422,000
Operating expenses
Employee related costs	1,689,000	2,162,000	5,406,000	6,730,000
Marketing and selling expenses	809,000	1,115,000	1,631,000	2,202,000
Platform costs	391,000	453,000	1,181,000	1,159,000
Depreciation and amortization	333,000	304,000	962,000	834,000
General and administrative expenses	984,000	1,355,000	3,157,000	4,069,000
Total operating expenses	4,206,000	5,389,000	12,337,000	14,994,000
Loss from operations	(2,477,000)	(4,710,000)	(9,600,000)	(13,572,000)
Other income (expense):
Financing costs	(3,302,000)	(108,000)	(5,340,000)	(359,000)
Gain (loss) on sale of assets				395,000
Other income (expense)	8,000		8,000	14,000
Loss on repricing of equity warrants				(342,000)
Gain (loss) from marketable securities	(800,000)		(284,000)
Change in fair value of derivative liabilities		6,227,000	321,000	1,390,000
Total other income (expense)	(4,094,000)	6,119,000	(5,295,000)	1,098,000
Income (loss) before provision for income taxes	(6,571,000)	1,409,000	(14,895,000)	(12,474,000)
Provision for income taxes
Net income (loss)	$ (6,571,000)	$ 1,409,000	$ (14,895,000)	$ (12,474,000)
Net income (loss) per share, basic and diluted	$ (0.45)	$ 0.11	$ (1.05)	$ (0.96)
Weighted average shares outstanding - basic and diluted	14,479,519	12,933,585	14,186,721	12,965,773

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2018	$ 10,000	$ 32,870,000	$ (18,778,000)	$ 14,102,000
Balance, shares at Dec. 31, 2018	10,109,530
Share based compensation		121,000		121,000
Net Income (loss)			(5,784,000)	(5,784,000)
Balance at Mar. 31, 2019	$ 10,000	32,991,000	(24,562,000)	8,439,000
Balance, shares at Mar. 31, 2019	10,109,530
Balance at Dec. 31, 2018	$ 10,000	32,870,000	(18,778,000)	14,102,000
Balance, shares at Dec. 31, 2018	10,109,530
Net Income (loss)				(12,474,000)
Balance at Sep. 30, 2019	$ 14,000	47,925,000	(31,252,000)	16,687,000
Balance, shares at Sep. 30, 2019	13,997,452
Balance at Mar. 31, 2019	$ 10,000	32,991,000	(24,562,000)	8,439,000
Balance, shares at Mar. 31, 2019	10,109,530
Share based compensation, related employees		325,000		325,000
Sale of common stock and warrants for cash	$ 2,000	6,227,000		6,229,000
Sale of common stock and warrants for cash, shares	1,687,825
Exercise of warrants	$ 1,000	1,145,000		1,146,000
Exercise of warrants, shares	328,667
Shares issued as collateral, shares	220,000
Loss on repricing of equity warrants		342,000		342,000
Share of common stock in private placement		1,000,000		1,000,000
Share of common stock in private placement, shares	200,000
Net Income (loss)			(8,099,000)	(8,099,000)
Balance at Jun. 30, 2019	$ 13,000	42,030,000	(32,661,000)	9,382,000
Balance, shares at Jun. 30, 2019	12,546,022
Share based compensation		329,000		329,000
Common stock and warrants issued for cash	$ 1,000	4,967,000		4,968,000
Common stock and warrants issued for cash, shares	1,524,996
Common stock issued for exercise of warrants		50,000		50,000
Common stock issued for exercise of warrants, shares	13,333
Common stock issued for services		330,000		330,000
Common stock issued for services, shares	75,000
Shares retired - issued as collateral
Shares retired - issued as collateral, shares	(220,000)
Shares issued for settlement of original issue discount		219,000		219,000
Shares issued for settlement of original issue discount, shares	58,101
Net Income (loss)			1,409,000	1,409,000
Balance at Sep. 30, 2019	$ 14,000	47,925,000	(31,252,000)	16,687,000
Balance, shares at Sep. 30, 2019	13,997,452
Balance at Dec. 31, 2019	$ 14,000	48,129,000	(35,637,000)	12,506,000
Balance, shares at Dec. 31, 2019	13,997,452
Share based compensation		260,000		260,000
Relative fair value of warrants issued with notes payable		83,000		83,000
Shares issued for extension agreement		71,000		71,000
Shares issued for extension agreement, shares	36,700
Net Income (loss)			(3,003,000)	(3,003,000)
Balance at Mar. 31, 2020	$ 14,000	48,543,000	(38,640,000)	9,917,000
Balance, shares at Mar. 31, 2020	14,034,152
Balance at Dec. 31, 2019	$ 14,000	48,129,000	(35,637,000)	12,506,000
Balance, shares at Dec. 31, 2019	13,997,452
Net Income (loss)				(14,895,000)
Balance at Sep. 30, 2020	$ 16,000	68,416,000	(50,532,000)	17,900,000
Balance, shares at Sep. 30, 2020	16,027,190
Balance at Mar. 31, 2020	$ 14,000	48,543,000	(38,640,000)	9,917,000
Balance, shares at Mar. 31, 2020	14,034,152
Share based compensation		246,000		246,000
Reclassification of warrants from liability to equity		4,076,000		4,076,000
Shares issued for debt extinguishment		181,000		181,000
Shares issued for debt extinguishment, shares	100,000
Premium on debt extinguishment		46,000		46,000
Beneficial conversion feature		3,913,000		3,913,000
Relative fair value of warrants issued with notes		2,889,000		2,889,000
Net Income (loss)			(5,321,000)	(5,321,000)
Balance at Jun. 30, 2020	$ 14,000	59,894,000	(43,961,000)	15,947,000
Balance, shares at Jun. 30, 2020	14,134,152
Share based compensation		269,000		269,000
Conversion of convertible debt to equity		234,000		234,000
Conversion of convertible debt to equity, shares	293,038
Shares issued for the acquisition of LD Micro	$ 2,000	4,262,000		4,264,000
Shares issued for the acquisition of LD Micro, shares	1,600,000
Beneficial conversion feature		2,398,000		2,398,000
Relative fair value of warrants issued with notes		1,359,000		1,359,000
Net Income (loss)			(6,571,000)	(6,571,000)
Balance at Sep. 30, 2020	$ 16,000	$ 68,416,000	$ (50,532,000)	$ 17,900,000
Balance, shares at Sep. 30, 2020	16,027,190

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Cash Flows from Operating Activities
Net loss	$ (6,571,000)	$ (3,003,000)	$ 1,409,000	$ (5,784,000)	$ (14,895,000)	$ (12,474,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on marketable securities	800,000				284,000
Loss on extinguishment of debt					1,103,000
Stock based compensation	268,000		329,000		917,000	775,000
Service rendered for stock option exercise price						50,000
Amortization of debt issue costs					3,746,000
Amortization of intangibles					905,000	781,000
Depreciation expense					57,000	53,000
Change in fair value of derivative liabilities			(6,227,000)		(321,000)	(1,390,000)
Loss on repricing of equity warrants						342,000
Gain on sale of SRAXmd						(395,000)
Loss on common stock issued to settle original issue discount						69,000
Provision for bad debts					69,000	271,000
Changes in operating assets and liabilities
Accounts receivable					(494,000)	1,463,000
Prepaid expenses					372,000	(69,000)
Other current assets					243,000	86,000
Change in right of use asset					66,000
Accounts payable and accrued expenses					(23,000)	(2,889,000)
Other current liabilities					(1,893,000)	772,000
Change in right of use liability					(70,000)
Net Cash Used in Operating Activities					(9,888,000)	(12,555,000)
Cash Flows from Investing Activities
Proceeds from sale of SRAXmd						307,000
Purchase of property and equipment						(66,000)
Proceeds from the sale of marketable securities					397,000
Acquisition of LD Micro, net of cash acquired					(697,000)
Development of software					(870,000)	(892,000)
Other assets					13,000	(79,000)
Net Cash Used in Investing Activities					(1,157,000)	(730,000)
Cash Flows from Financing Activities
Proceeds from issuance of OID convertible debentures, less issuance cost					11,885,000
Proceeds from the issuance of short-term notes payable, less issuance cost					960,000
Repayment of short-term notes payable					(100,000)
Proceeds from payroll protection program loan					1,084,000
Proceeds from the issuance of notes payable					2,130,000
Repayment of notes payable					(2,500,000)
Proceeds from the issuance of common stock units						12,197,000
Proceeds from issuance of common stock for warrants exercised						1,146,000
Net Cash Provided by Financing Activities					13,459,000	13,343,000
Net increase in Cash					2,414,000	58,000
Cash, Beginning of Period		$ 32,000		$ 2,785,000	32,000	2,785,000	2,785,000
Cash, End of Period	$ 2,446,000		$ 2,843,000		2,446,000	2,843,000	$ 32,000
Supplemental disclosure of cash flow information:
Cash paid for interest					176,000	140,000
Cash paid for income taxes
Noncash investing and financing activities:
Record right-of-use asset						(532,000)
Record lease obligation						532,000
Vesting of prepaid common stock award					94,000
Shares issued to settle liability					181,000	219,000
Relative fair value of warrants issued with term loan					83,000
Derivative liabilities transferred to equity					4,076,000
Shares of common stock issued for extension agreement					71,000
Fair value of BCF for debt financings					6,311,000
Fair value of warrants issued for debt financings					4,248,000
Premium on debt financings					46,000
Original issue discount recorded on OID convertible debentures					1,931,000
Fair value of marketable securities received for revenue contracts					5,398,000
Notes payables converted into convertible notes payable					234,000
Shares of common stock issued for the acquisition of LD Micro					$ 4,264,000

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	NOTE 1 – Organization and Basis Of Presentation Organization SRAX, Inc. (“SRAX”, “we”, “us”, “our” or the “Company”) is a Delaware corporation formed on August 2, 2011. Effective January 1, 2012 we acquired 100% of the member interests and operations of Social Reality, LLC, a California limited liability company formed on August 14, 2009 which began business in May of 2010, in exchange for 2,465,753 shares of our Class A common stock. The former members of Social Reality, LLC owned 100% of our Class A common stock after the acquisition. We are a data technology company offering services to issuers of publicly traded securities through our SaaS platform Sequire, Our Bigtoken brand, which is anticipated to be moved into its own public company, we market to consumers. Sequire, is centered around our proprietary SaaS platform from which our customers are provided with data and insights into their publicly traded securities and marketing solutions to act on the insights obtained through our technologies. Our consumer marketing focused brand, BIGToken is based on a consumer facing platform that provides consumers a platform to monetize and control their data in the digital landscape. Through this platform we’re able to provide marketers access to data and insights identifying their core consumers and such consumers’ characteristics across various channels in order to discover new and measurable opportunities, maximize profits associated with advertising campaigns and (ii) gaining insight into the activities of their customers. We derive our revenues from the: ● Sale and licensing of our proprietary SaaS platform; ● Data analysis, insights and marketing solutions for SaaS platform subscribers ● Organize and host investor conferences and events ● Sales of proprietary consumer data; and ● Sales of digital advertising campaigns. We are headquartered in Westlake, California but work as a distributed virtual Company. Basis of Presentation The accompanying unaudited condensed consolidated financial statements and notes thereto are unaudited. The unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and note disclosures normally included in the Company’s annual financial statements have been condensed or omitted. The December 31, 2019 condensed balance sheet data was derived from financial statements but does not include all disclosures required by GAAP. These interim unaudited condensed financial statements, in the opinion of management, reflect all normal recurring adjustments necessary for a fair presentation of the financial position, results of operations and cash flows for the interim three and nine -month periods ended September 30, 2020 and 2019. The results for the three and nine months ended September 30, 2020 are not necessarily indicative of the results to be expected for the full year ending December 31, 2020 or for any future period. These unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and the notes thereto for the year ended December 31, 2019, included in the Company’s annual report on Form 10-K filed with the SEC on May 1, 2020. Liquidity and Going Concern The Company has incurred significant losses since its inception and has not demonstrated an ability to generate sufficient revenues from the sales of its goods and services to achieve profitable operations. In addition, the Company’s operations and specifically, the continued operation of BIGToken will require significant additional financing. As of September 30, 2020 the Company had cash and cash equivalents of $2,446,000 which is not sufficient to fund the Company’s planned operations through one year after the date the consolidated financial statements are issued, and accordingly, these factors create substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Accordingly, the consolidated financial statements have been prepared on a basis that assumes the Company will continue as a going concern and which contemplates the realization of assets and satisfaction of liabilities and commitments in the ordinary course of business. In making this assessment we performed a comprehensive analysis of our current circumstances including: our financial position, our cash flow and cash usage forecasts, and obligations and debts. Although management has a long history of successful capital raises, the analysis used to determine the Company’s ability as a going concern does not include cash sources outside the Company’s direct control that management expects to be available within the next 12 months. We expect that our existing cash and cash equivalents as of September 30, 2020, will not be sufficient to enable us to fund our anticipated level of operations through 2021. We anticipate raising additional capital through the private and public sales of our equity or debt securities and selling our marketable securities or a combination thereof. Although management believes that such capital sources will be available, there can be no assurance that financing will be available to us when needed in order to allow us to continue our operations, or if available, on terms acceptable to us. If we do not raise sufficient capital in a timely manner, among other things, we may be forced to scale back our operations or cease operations altogether. During the nine months ended September 30, 2020, the Company was able to raise net cash proceeds (net of debt repayments, commissions, and fees) of approximately $13,000,000. The Company’s capital-raising efforts are ongoing and the Company has undertaken the following to raise capital and reduce its cash burn rate: (i) received a PPP Loan from the Small Business Administration for funding under the Payroll Protection Program, in the amount of $1,084.000 (ii) entered into an “At the Market” sales agreement for the sale of up to $3,125,000 of our equity securities, (iii) sold OID convertible debentures for proceeds of $11,885,000. Additionally, the Company sold its remaining position in TI Health (f/k/a SRAXmd) for a total of $8,000,000 of which $7,000,000 was received on October 30, 2020. Substantially, all of these proceeds were used to redeem a portion of our outstanding OID convertible debentures. The ultimate impact of the COVID-19 pandemic on the Company’s operations continues to be unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak, new information which may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments, or the Company, may direct, which may result in an extended period of continued business disruption, reduced customer traffic and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time but may have a material impact on our business, financial condition and results of operations. The significance of the impact of the COVID-19 outbreak on the Company’s business and the duration for which it may have an impact. Management continues to monitor the business environment for any significant changes that could impact the Company’s operations. The Company has taken proactive steps to manage costs and discretionary spending, such as remote working and reducing facility related expenses. Net Loss per Share We use ASC 260, “ Earnings Per Share Recent Accounting Pronouncements The Company reviewed all recently issued pronouncement in 2020, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on the Company’s financial condition or the results of its operations.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Acquisitions	NOTE 2 – ACQUISITIONS On September 15, 2020 (“Closing Date”), an Agreement and Plan of Merger (the “Agreement”) is entered into by and among SRAX, Inc. a Delaware corporation (“Parent”), Townsgate Merger Sub 1, Inc., a Delaware corporation and a direct wholly-owned subsidiary of Parent (“Merger Sub 1”), LD Micro, Inc., a Delaware corporation and a direct wholly-owned subsidiary of Parent (“Merger Sub 2”), LD Micro, Inc., a California corporation (the “Acquiree”, “LD Micro”), and Christopher Lahiji, the sole stockholder of the Acquiree (the “Stockholder”). Merger Sub 1 and Merger Sub 2 are sometimes collectively referred to as “Merger Sub.” The parties intend that Merger Sub 1 will be merged with and into the Acquiree (the “First Merger”), with the Acquiree surviving the First Merger, and then the Acquiree will be merged with and into Merger Sub 2 (the “Second Merger,” and together with the First Merger, the “Merger”), with Merger Sub 2 surviving the Second Merger. As consideration, the Company will pay cash payable as follows: (i) $1,000,000 at the Closing, (ii) $1,000,000 on January 1, 2021, (iii) $1,000,000 on April 1, 2021, and (iv) $1,000,000 on July 1, 2021 and subject to adjustment or off-set. Additionally, the Company issued 1,600,000 shares of its Class A common stock. The total consideration to be paid by the Company is $7,610,000, as adjusted, as follows: Calculation of the purchase price: Fair value of stock at closing $ 4,264,000 Cash at closing 1,000,000 Deferred payments 2,771,000 Less cash received (303,000 ) Transaction expenses 10,000 Working capital adjustment (132,000 ) Purchase price $ 7,610,000 The transaction was accounted for using the acquisition method. Accordingly, goodwill has been measured as the excess of the total consideration over the amounts assigned to the identifiable assets acquired and liabilities assumed. The deferred payments of $3,000,000 were discounted using the yield on a CCC rated corporate debt for 3-month, 6-month and 9-month maturities, respectively. The implied discount is approximately $229,000, which will be amortized over the term on the payments. The purchase price includes working capital adjustments that are based on our preliminary estimates and assumptions that are subject to change. The following table summarizes the allocation of the purchase price to the assets acquired and liabilities assumed: Accounts receivable, net $ 30,000 Intangibles 468,000 Goodwill 7,706,000 Accounts payable and accrued liabilities (324,000 ) Payroll protection loan (42,000 ) Other current liabilities (97,000 ) Deferred tax liability (131,000 ) Net assets acquired $ 7,610,000 Intangibles assets consisted of the following: Fair Value Life in Years Trademark $ 271,000 Indefinite Domain name 3,000 Indefinite Noncompete 8,000 5 years Customer list 186,000 3 years $ 468,000 The estimated fair values for the trademark and domain name were determined by using the relief-from-royalty method. The estimated fair value for the customer list and noncompete were determined using the excess earnings and differential method of comparing having an asset in-place versus not having the asset in place, respectively. The Company has estimated the preliminary purchase price allocations based on historical inputs and data as of September 15, 2020. The preliminary allocation of the purchase price is based on the best information available and is pending, amongst other things: (i) the finalization of the valuation of the fair values and useful lives of tangible assets acquired; (ii) the finalization of the valuations and and intangible assets acquired; (iii) finalization of the valuation of accounts payable and accrued expenses; and (iv) finalization of the fair value of non-cash consideration. During the measurement period (which is the period required to obtain all necessary information that existed at the acquisition date, or to conclude that such information is unavailable, not to exceed one year), additional assets or liabilities may be recognized, or there could be changes to the amounts of assets or liabilities previously recognized on a preliminary basis, if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of these assets or liabilities as of that date. The amounts of revenue and earnings of the Acquiree since the acquisition date included in the unaudited condensed consolidated statements of operations for the three months ended September 30, 2020 follows: Revenues $- Net income (loss) (51,000 ) The following unaudited pro forma information presents the combined results of operations as if the acquisitions had been completed on January 1, 2019. The unaudited pro forma results include the amortization associated with the preliminary estimates for the acquired intangible assets. The unaudited pro forma results do not reflect any cost saving synergies from operating efficiencies, or the effect of the incremental costs incurred in integrating the two companies. Accordingly, these unaudited pro forma results are presented for informational purpose only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the acquisition had occurred at the beginning of the period presented, nor are they indicative of future results of operations. Unaudited Pro Forma Condensed Consolidated Statements of Operations For the Nine Months ended September 30, 2020 SRAX, Inc. LD Micro, Inc. Pro Forma Adjustment Pro Forma Combined Revenues $ 4,125,000 $ 937,000 $ - $ 5,062,000 Cost of revenues (1,388,000 ) (98,000 ) - (1,486,000 ) Operating expenses (12,337,000 ) (858,000 ) (367,000 ) (13,562,000 ) Other expense (5,295,000 ) (1,000 ) - (5,296,000 ) Net loss $ (14,895,000 ) $ (20,000 ) $ (367,000 ) $ (15,282,000 ) Unaudited Pro Forma Condensed Consolidated Statements of Operations For the Nine Months ended September 30, 2019 SRAX, Inc. LD Micro, Inc. Pro Forma Adjustment Pro Forma Combined Revenues $ 2,497,000 $ 1,142,000 $ - $ 3,639,000 Cost of revenues (1,075,000 ) (188,000 ) - (1,263,000 ) Operating expenses (14,994,000 ) (1,037,000 ) (596,000 ) (16,627,000 ) Other income 1,098,000 8,000 - 1,106,000 Net loss $ (12,474,000 ) $ (75,000 ) $ (596,000 ) $ (13,145,000 ) F-10 The following summarizes the pro forma adjustments made for the nine months ended September 30: 2020 2019 Amortization of intangibles acquired $ 48,000 48,000 Employee related costs 319,000 319,000 Financing costs - 229,000 Net income (loss) $ 367,000 $ 596,000 Amortization relates to the acquired noncompete and customer list amounting to $1,000 and $47,000 for the nine months ended September 30, 2020 and 2019, respectively. Employee related cost are contracted cost amounting to $319,000 for the nine months ended September 30, 2020 and 2019, respectively. Financing cost relates to amortization of the discount related to the $3,000,000 deferred payments.

Marketable Securities

Marketable Securities	9 Months Ended
	Sep. 30, 2020
Cash and Cash Equivalents [Abstract]
Marketable Securities	NOTE 3 – Marketable securities During the second quarter of 2020, the Company began offering customers of its Sequire segment who purchase services on the Company’s proprietary SaaS platform the option to pay the contract price in securities issued by the Customer. The customers securities must be trading on a United States securities exchange and the Company must be a fully reporting entity pursuant to SEC Regulation S-X. In accordance with ASC 606 - Revenue Recognition, the Company will value the shares received at the fair market value of the date the contract is executed. The shares received will be accounted for in accordance with ASC 320 – Investments – Debt and Equity Securities, as such the shares will be classified as available-for-sale securities and will be measured at each reporting period at fair value with the unrealized gain or (loss) as a component of other income (expense). Upon the sale of the shares, the Company will record the gain or (loss) in the statement of operations as a component of net income (loss). The movement in this account is as follows: September 30, 2020 December 31, 2019 Balances at beginning of year $ 83,000 - Securities received for revenue contracts 5,398,000 83,000 Sale of marketable securities (21,000 ) - Unrealized loss on mark-to-market (660,000 ) - Balances as of date $ 4,800,000 $ 83,000 The Company’s sales of securities during nine months ended September 30, 2020 were approximately $397,000, with a book basis of approximately $21,000 which represented a gain of $376,000, which we recorded as other income included in the gains from marketable securities. The Company recorded as a component of other income (expense) the realized and unrealized gain (loss) on marketable securities as follows: For the three months ended September 30, For the nine months ended September 30, 2020 2019 2020 2019 Unrealized loss (800,000 ) - (660,000 ) - Realized gain - - 376,000 - Loss from marketable securities (800,000 ) - (284,000 ) - The Company accounts for its investments in equity securities in accordance with ASC 321-10 Investments - Equity Securities. The equity securities may be classified into two categories and accounted for as follows: ● Equity securities with a readily determinable fair value are reported at fair value, with unrealized gains and losses included in earnings. Any dividends received are recorded in interest income, the fair value of equity investments with fair values is primarily obtained from third-party pricing services. ● Equity securities without a readily determinable fair value are reported at their cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer and their impact on fair value. Any dividends received are recorded in interest income. For equity investments without readily determinable fair values, when an orderly transaction for the identical or similar investment of the same issuer is identified, we use the valuation techniques permitted under ASC 820 Fair Value Measurement to evaluate the observed transaction(s) and adjust the fair value of the equity investment

Sale of Accounts Receivable

Sale of Accounts Receivable	9 Months Ended
	Sep. 30, 2020
Credit Loss [Abstract]
Sale of Accounts Receivable	NOTE 4 – Sale of Accounts Receivable On January 22, 2020 and January 30, 2020, the Company entered into financing agreements, with a single unrelated purchaser to sell, with full recourse, certain accounts receivable with a face value of $454,000 and $75,000, respectively, for a purchase price of $454,000 and $56,000, respectively. Transactions under these agreements were accounted for as financing of accounts receivable and the related accounts receivable was not removed from our consolidated balance sheet at the time of the sales transactions, a liability was recorded for the proceeds received. The terms of the agreements are as follows: Pursuant to the initial purchase agreement, commencing on March 24, 2020, the purchaser may, at its sole discretion, exercise a put option, to cause the Company to purchase from purchaser, any of the outstanding January 22, 2020 receivables which were not collected by the purchaser. Effective April 9, 2020, the put option was extended until June 23, 2020. The purchase price payable by Company to the Purchaser for the receivables upon exercise of the Put Option shall be equal to one hundred and thirty six percent (136%) of the then remaining outstanding balance of the applicable receivables. Upon the occurrence of a payment made on the applicable receivables, the Company is required to pay a true up amount as follows: a. ten percent (10%) of the portion of the receivables which are paid on or before the 30th day following the effective date of the agreement; b. twenty percent (20%) of the portion of the receivables which are paid after the 30 th th c. thirty six percent (36%) of the portion of the receivables which are paid after the 60 th In order to secure performance by the Company, the purchaser was granted a security interest in: (i) 239,029 shares of the Company’s Class A common stock in connection with the sale of the $454,000 receivable and (ii) 29,519 shares of the Company’s Class A common stock in connection with the sale of the $75,000 receivable. The shares have been issued and are being held by the Company’s transfer agent. Since the shares are not outstanding, the Company has treated them as shares reserved for collateral. Since the purchaser of the receivables has recourse, the Company accounted for the purchase price as a liability. Upon the purchaser’s election of the put option or the true up, as applicable the Company will treat the put option price or the true up amounts as interest. On April 9, 2020 the Company entered into an agreement to amend the January 22 and 30 accounts receivable agreements. The purchaser agreed to amend the put option date as described above to June 23, 2020 and June 30, 2020 for the sale of receivables originating on January 22, 2020 and January 30, 2020, respectively. As consideration for the extension the Company agreed to issue the purchaser 32,668 and 4,032 shares of Class A common stock for the receivable sale originating on January 22 , On June 30, 2020, the Purchaser converted the payable of $510,000 and accrued interest of $184,000 (“Old Debt”) into approximately $788,000 of the OID Convertible Notes payable (“Debentures”) (See Note 7 - OID Convertible Debentures). The conversion was treated as an extinguishment of debt as prescribed by ASC 470-50 – Debt Modification and Extinguishment. At the date of issuance, the Debenture had a fair market value of approximately $815,000. The transaction created a loss on extinguishment of approximately $546,000, which consisted of (i) the difference of value between the Old Debt and the fair value of the new debt of approximately $95,000, (ii) the difference between the face value of the debenture and the fair value of the Debenture of approximately $27,000 and (iii) $424,000 for fair value of warrants issued with the Debenture. Also, since the Debenture was convertible into the Company’s common stock, a $27,000 premium associated with the conversion feature was recorded as additional paid in capital. Since the purchaser of the receivables has recourse, the Company accounted for the purchase price as a liability. Upon the purchaser’s election of the put option or the true up, as applicable the Company will treat the put option price or the true up amounts as interest.

Short Term Promissory Notes

Short Term Promissory Notes	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Short Term Promissory Notes	NOTE 5 – Short Term Promissory Notes In February 2020, the Company entered into three separate short-term promissory notes with an aggregate principal value of $450,000 (the “Notes”), of which $100,000 was borrowed from the Company’s Chief Financial Officer. The notes are due and payable on May 12, 2020 (“Maturity Date”). The notes will accrue interest as follows: (i) on the origination date, ten percent (10%) of the principal amount was added to each note, (ii) on March 12, 2020, an additional ten percent (10%) of the principal amount was added to each note, and (iii) on April 12, 2020, an additional sixteen percent (16%) of the principal amount was added to each notes. The note holders were granted security interests (in amounts equal to the face value of their investments on a dollar for share basis) in an aggregate of 450,000 shares of the Company’s Class A common stock (“Security Shares”). The shares have been issued and are being held by the Company’s transfer agent. Since the shares are not outstanding, the Company has treated them as shares reserved for collateral. The interest imputed on the origination date was treated as an original issue discount with the $45,000 amortized over the term of the Notes. On each of the interest date, the Company accrued and expensed the related interest. On the Maturity Date, one of the Note’s was amended to (i) extend the maturity date to December 31, 2020 and (ii) to release 100,000 shares of the Security Shares. The modification was treated as an extinguishment of debt as prescribed by ASC 470-50 – Debt Modification and Extinguishment. Based on the amended terms the fair value of the amended note approximated the book value of the old Note. The fair value of the Security Shares was approximately $181,000, which was expensed as a loss on the extinguishment. On June 30, 2020, the short-term note payable to the Company’s Chief Financial Officer in the amount of approximately $136,000 was repaid from the proceeds of the OID Convertible Notes Payable. On June 30, 2020, the two remaining Note Holders converted the Notes of approximately $350,000 and accrued interest of approximately $126,000 (“Old Debt”) into approximately $541,000 of the OID Convertible Debentures (See Note 7 - OID Convertible Debentures). The conversion was treated as an extinguishment of debt as prescribed by ASC 470-50 – Debt Modification and Extinguishment. At the date of issuance, the Debentures had a fair market value of approximately $560,000. The transaction created a loss on extinguishment of approximately $375,000, which consisted of (i) the difference of value between the Old Debt and the fair value of the Debentures of approximately $65,000, (ii) the difference between the face value of the debenture and the fair value of the Debenture of approximately $19,000 and (iii) $291,000 for fair value of warrants issued with the Debenture. Also, since the Debenture was convertible into the Company’s common stock, a $18,000 premium associated with the conversion feature was recorded as additional paid in capital.

Term Loan Note

Term Loan Note	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Term Loan Note	NOTE 6 – Term Loan Note On February 28, 2020, the Company entered into a term loan and security agreement with a BRF Finance Co. LLC as lender. Pursuant to the loan agreement, the Company can borrow up to $5,000,000, subject to the conditions described below. Under the loan: (i) the Company received an initial draw of $2,500,000 on February 28, 2020 and (ii) the Company is eligible to receive an additional $2,500,000 loan within (30) days of the Company entering into an at the market sales agreement with the lender and the filing of an at the market offering on Form S-3 with the SEC registering the shares to be sold pursuant to the at the market sales agreement. The Company agreed to file the ATM by May 1, 2020. Additionally, the Company will be required to increase the dollar amount authorized under the at the market sales agreement each time additional capacity of at least $1,000,000 is available under our shelf registration statement. The loan is secured by substantially all of the assets of the Company pursuant to the loan agreement and the intellectual property security agreement entered into in connection with the transaction. The loan bears interest at ten percent (10%) per annum and has a maturity date of March 1, 2022. Beginning on August 1, 2020, and continuing on the first day of each month thereafter until the maturity date, the Company will make monthly payments of principal and interest on an eighteen (18) month straight line amortization schedule, based on the principal outstanding on July 31, 2020. Additionally, the Company will have the option of a one (1) time payment-in-kind payment for a monthly required payment of principal and interest, which will defer such payments and result in a recalculation of the amortization schedule. In the event that the Company is late on any payments under the Loan, a late charge of three percent (3%) of the amount of the payment due will be assessed. At origination the Company paid lender: (i) an origination fee of $300,000, (ii) $35,000 in attorneys’ fees reimbursement, and (iii) certain other costs and expenses associated with the completion of the loan, including but not limited to escrow fees and recording fees. Accordingly, the Company received net proceeds of approximately $2,164,000 as of May 1, 2020. The Loan may be prepaid in whole or in part at any time at the discretion of the Company. The loan also provides for mandatory prepayments of all of the net cash received upon (i) a sale of the company’ assets, (ii) raising additional capital through the issuance of equity or debt securities, or (iii) sales under the at the market sales agreement described above. As part of the loan the Company agreed to issue to Lender: (i) 500,000 Common Stock purchase warrants on the date of the origination date and (ii) 500,000 Common Stock purchase warrants on the date of the second drawdown. The warrants have an exercise price equal to a 25% premium of the closing price of the Common Stock on their respective date of issue (provided that the exercise price of the warrants cannot be less than $2.50 per share, subject to adjustment contained therein). The initial warrant has an exercise price of $3.60. The warrants will expire on October 31, 2022. The warrants allow for cashless exercise in the event that they are not subject to a registration statement on the six (6) month anniversary of their respective issuances. The warrants do not contain any price protection or non-standard anti-dilution provisions. In accordance with ASC 470 - Debt The Company evaluated the loan and warrant agreements in accordance with ASC 815 Derivatives and Hedging. On June 30, 2020, the principal and interest of approximately $2,585,000 was paid from the proceeds from the OID Convertible Debentures. As of September 30, 2020, there is none outstanding loan balance on this account.

OID Convertible Debentures

OID Convertible Debentures	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
OID Convertible Debentures	NOTE 7 – OID Convertible Debentures On June 25, 2020, the Company entered into a definitive securities purchase agreement (the “Securities Purchase Agreement or Transaction”) with certain accredited and institutional investors (the “Purchasers”) for the purchase and sale of an aggregate of: (i) $16,101,000 in principal amount of Original Issue Discount Senior Secured Convertible Debenture (the “Debentures”) for $14,169,000 (representing a 12% original issue discount) (“Purchase Price”) and (ii) warrants to purchase up to 6,440,561 shares of the Company’s Class A common stock (the “Warrants”) in a private placement (the “Offering”). The Purchase Price consists of (a) $13,000,000 in cash and (b) the cancellation of $1,169,000 in outstanding debt, consisting of the accounts receivable loans of $510,000 with accrued interest of $184,000, and the short-term promissory notes of $350,000 with accrued interest of $125,000. The Debentures, which mature on December 31, 2021, pay interest in cash at the rate of 12.0% per annum commencing on June 30, 2021, with such interest payable quarterly, beginning on October 1, 2021. Commencing after the six month anniversary of the issuance of the Debentures, the Company will be required to make amortization payments (“Amortization Payments”) with each Purchaser having the right to delay such Amortization Payments by a six month period up to three separate times (each, an “Extension”) in exchange for five percent in principal being added to the balance of such applicable Debenture on each such Extension. Accordingly, upon a Purchaser exercising three Extensions, such Purchaser’s Debenture will mature and be due and payable on June 30, 2023. Beginning on the date that the first Amortization Payment is due, and on a monthly basis thereafter, the Company will be required to pay one hundred fifteen percent of the value of one-twelfth of the outstanding principal plus any additional accrued interest due. In the event a Purchaser converts a portion of its Debenture into shares of the Company’s Common Stock, such amount will be deducted from the next applicable Amortization Payment. In the event such conversion exceeds the next applicable Amortization Payment, such excess amount will be deducted, in reverse order, from future Amortization Payments. The Company’s obligations under the Debentures are secured by substantially all of the assets of the Company pursuant to a security agreement (the “Security Agreement”). The Debentures are convertible at the option of the holder into shares of the Company’s common stock at an initial conversion price of $2.69 per share, subject to adjustment in the event of (i) stock splits and dividends, (ii) subsequent rights offerings, (iii) pro-rata distributions, and (iv) certain fundamental transactions, including but not limited to the sale of the Company, business combinations, and reorganizations. The Debentures do not have any price protection or price reset provisions with respect to future issuances of securities. Subject to the Company’s compliance with certain equity conditions, upon ten trading days’ notice to the Purchasers, the Company has the right to redeem the Debentures in cash at 115% of their outstanding principal, plus accrued interest. Additionally, in the event that (i) the Company sells or reprices any securities (each, a “Redemption Financing”), or (ii) the Company disposes of assets (except those sold or transferred in the ordinary course of business) (each, an “Asset Sale”), then the Purchasers shall have the right to cause the Company (a) in the event of a Redemption Financing at a price per Common Stock equivalent of $2.50 or less per share, the Purchasers may mandate that 100% of the proceeds be used to redeem the Debentures (b) in the event of a Redemption Financing at a price per Common Stock equivalent of greater than $2.50 per share, the Purchasers may mandate that up to 50% of the proceeds be used to redeem the Debentures, and (c) in the event of an Asset Sale, the Purchasers may mandate that up to 100% of the proceeds be used to redeem the Debentures. The Debentures also contain certain customary events of default provisions, including, but not limited to, default in payment of principal or interest thereunder, breaches of covenants, agreements, representations or warranties thereunder, the occurrence of an event of default under certain material contracts of the Company, failure to register the shares underlying the Debentures in Warrants (as described below), changes in control of the Company, delisting of its securities from its trading market, and the entering or filing of certain monetary judgments against the Company. Upon the occurrence of any such event of default, the outstanding principal amount of the Debenture plus liquidated damages, interest and other amounts owing in respect thereof through the date of acceleration, shall become, at the Purchaser’s election, immediately due and payable in cash. The Company is also subject to certain negative covenants (unless waived by 67% of the then outstanding Purchasers, and including the lead Purchaser) under the Debentures, including but not limited to, the creation of certain debt obligations, liens on Company assets, amending its charter documents, repayment or repurchase of securities or certain debt of the Company, or the payment of dividends. The Warrants are initially exercisable at 2.50 per share and, are subject to cashless exercise after six months if the shares underlying the Warrants are not subject to an effective resale registration statement. The Warrants are also subject to adjustment in the event of (i) stock splits and dividends, (ii) subsequent rights offerings, (iii) pro-rata distributions, and (iv) certain fundamental transactions, including but not limited to the sale of the Company, business combinations, and reorganizations. The Warrants do not have any price protection or price reset provisions with respect to future issuances of securities. Pursuant to the terms of the Debentures and Warrants, a Purchaser will not have the right to convert any portion of the Debentures or exercise any portion of the Warrants if the holder (together with its affiliates) would beneficially own in excess of 4.99% or 9.99% (at the Purchaser’s option) of the number of shares of Common Stock outstanding immediately after giving effect to such conversion or exercise, as such percentage ownership is determined in accordance with the terms of the Debentures and the Warrants; provided that at the election of a holder and notice to us such percentage ownership limitation may be increased to 9.99%; provided that any increase will not be effective until the 61st day after such notice is delivered from the holder to the Company. The Company also agreed to use proceeds from the Offering to pay (i) $2,500,000 in outstanding principal plus accrued interest pursuant to the Company’s Term Loan and Security Agreement entered into on February 28, 2020 with BRF Finance Co., LLC (the “Term Loan”) and (ii) $136,000 in outstanding short-term promissory notes and accrued interest (collectively, the “Debt Repayments”). In connection with Securities Purchase Agreement, the Company will issue to the Placement Agent (as defined below), an aggregate of 478,854 Common Stock purchase warrants (“PA Warrants”). The PA Warrants are substantially similar to the Warrants, except that the PA Warrants have an exercise price of $3.3625 per share. The fair value of the PA Warrants at issuance was estimated to be $360,000 based on a risk-free interest rate of .11%, an expected term of 2.417 years, an expected volatility of 96% and a 0% dividend yield. Pursuant to a registration rights agreement (“Registration Rights Agreement”), the Company has agreed to file a registration statement registering the resale of the shares of the common stock underlying the Debentures and the Warrants within forty-five days from the date of the Registration Rights Agreement. The Company also agrees to have the registration statement declared effective within 90 days from the date of the Registration Rights Agreement and keep the registration statement continuously effective until the earlier of (i) the date after which all of the securities to be registered thereunder have been sold, or (ii) the date on which all the securities to be registered thereunder may be sold without volume or manner-of-sale restrictions and without current public information pursuant to Rule 144 under the Securities Act. The Company is also obligated to pay the Investors, as partial liquidated damages, a fee of 2.0% of each Purchaser’s subscription amount per month in cash upon the occurrence of certain events, including our failure to file and(or) have the registration statement declared effective within the time periods provided. Bradley Woods & Co. Ltd. (“Placement Agent”) acted as the placement agent, in connection with the sale of the securities pursuant to the Securities Purchase Agreement. Pursuant to an engagement agreement entered into by and between the Company and the Placement Agent, the Company agreed to pay the Placement Agent a cash commission of $1,040,000. Pursuant to the discussion above, the Company also issued an aggregate of 478,854 PA Warrants to the Placement Agent. The Company has agreed to include the shares of our common stock underlying the PA Warrants to be included in the registration statement to be filed. Additionally, upon the exercise of Warrants issued in the Offering, the Placement Agent will be entitled to eight percent (8%) of the cash proceeds received from such exercises. The Transaction closed on June 30, 2020 (the “Closing Date”), with approximately $3,800,000 cash proceeds received prior to Closing date, $4,200,000 received on the closing date and $5,000,000 received after the closing date. The gross proceeds received from the Offering were approximately $13,000,000 and net proceeds of approximately $9,100,000 after deducting the Placement Agent fees, the Debt Repayments and other offering expenses. Also, the Company reimbursed the lead Purchaser $75,000 for legal fees, which was deducted from the required subscription amount to be paid. The Company evaluated all of the associated financial instruments in accordance with ASC 815 Derivatives and Hedging. In accordance with ASC 470 - Debt Principal balance $ 15,313,000 Debt discount - OID (1,237,000 ) Debt discount - BCF (4,403,000 ) Debt discount warrants (2,467,000 ) Debt discount fees (1,133,000 ) Net book value 6,431,000 Less OID convertible debentures, short term 3,683,000 OID convertible debentures, long term $ 2,748,000 During the three and nine months ended September 30, 2020, the Company recognized amortization expense of $3,302,000. During the three months ended September 30, 2020, holders of debenture principal converted $788,000 debenture into 293,038 shares of the Company’s class A common stock. As a result of these conversions and issuance of common stock, the Company wrote-off debt discount and increased additional paid in capital by $234,000 .

Paycheck Protection Program Loa

Paycheck Protection Program Loan	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Paycheck Protection Program Loan	NOTE 8 - PAYCHECK PROTECTION PROGRAM LOAN On April 17, 2020, we entered into a promissory note evidencing an unsecured approximately $1,084,000 loan under the Paycheck Protection Program (PPP). The loan is being made through Cross River Bank. The term of the loan is two years with an interest rate of 1%, which shall be deferred for the first six months of the term of the loan. The promissory note evidencing the loan contains customary events of default relating to, among other things, payment defaults, breach of representations and warranties, or provisions of the promissory note. The occurrence of an event of default may result in the repayment of all amounts outstanding, collection of all amounts owing from the Company, and/or filing suit and obtaining judgment against the Company. On September 15, 2020, $42,000 of the payroll protection loan of LD Micro was assumed in connection with the acquisition. This amount is expected to be forgiven, otherwise the Company will be reimbursed by Sellers of LD Micro. This is classified under current assets. As of September 30, 2020, the short-term and long-term balances were $548,000 and $578,000.

Right to Use Asset

Right to Use Asset	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Right to Use Asset	NOTE 9 – Right To Use Asset We adopted ASU No. 2016-02, Leases Operating leases are included in the right-of-use lease assets, other current liabilities and long-term lease liabilities on the Consolidated Balance Sheet. Right-of-use assets and lease liabilities are recognized at each lease’s commencement date based on the present values of its lease payments over its respective lease term. When a borrowing rate is not explicitly available for a lease, our incremental borrowing rate is used based on information available at the lease’s commencement date to determine the present value of its lease payments. Operating lease payments are recognized on a straight-line basis over the lease term. We had no financing leases as of September 30, 2020. We have operating leases for office space. Our leases have remaining lease terms of 3 years. We consider renewal options in determining the lease term used to establish our right-of-use assets and lease liabilities when it is determined that it is reasonably certain that the renewal option will be exercised. As of September 30, 2020, there were no material variable lease costs or sublease income. Cash paid for operating leases are classified in operating expenses and were $45,000 and $154,000 in the three and nine months ended September 30, 2020 and $74,000 and $227,000 in the three and nine months ended September 30, 2019, which is classified in operating activities. The following tables summarize the lease expense for the three and nine months ended September 30: Three Months Ended September 30, 2020 2019 Operating lease expense $ 41,000 $ 41,000 Short-term lease expense 4,000 33,000 Total lease expense $ 45,000 $ 74,000 Nine Months Ended September 30, 2020 2019 Operating lease expense $ 122,000 $ 122,000 Short-term lease expense 32,000 105,000 Total lease expense $ 154,000 $ 227,000 The below table summarizes these lease asset and liability accounts presented on our accompanying Condensed Consolidated Balance Sheets: Operating Leases* Consolidated Balance Sheet Caption Balance as of Operating lease right-of-use assets - non-current Right of use asset $ 390,000 Operating lease liabilities - current Other current liabilities $ 94,000 Operating lease liabilities - non-current Right to use liability - long term $ 282,000 Total operating lease liabilities $ 376,000 Components of Lease Expense We recognize lease expense on a straight-line basis over the term of our operating leases, as reported within “selling, general and administrative” expense on the accompanying condensed consolidated statement of operations.

Other Current Liabilities

Other Current Liabilities	9 Months Ended
	Sep. 30, 2020
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	NOTE 10 – Other Current Liabilities The following table summarizes the composition of other current liabilities presented on our accompanying Condensed Consolidated Balance Sheets: September 30, December 31, Contract liabilities $ 3,673,000 $ - Contract liabilities assumed from LD Micro 97,000 - BIGToken point liability 263,000 446,000 Operating lease liabilities - current 94,000 91,000 Other current liabilities 2,723,000 - Total lease expense $ 6,850,000 $ 537,000

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Stockholders' Equity	NOTE 11 – Stockholders’ Equity Authorized Shares Preferred Stock We are authorized to issue 50,000,000 of preferred stock, par value $0.001, of which 200,000 shares were designated as Series 1 Preferred Stock. Our board of directors, without further stockholder approval, may issue preferred stock in one or more series from time to time and fix or alter the designations, relative rights, priorities, preferences, qualifications, limitations and restrictions of the shares of each series. The rights, preferences, limitations and restrictions of different series of preferred stock may differ with respect to dividend rates, amounts payable on liquidation, voting rights, conversion rights, redemption provisions, sinking fund provisions and other matters. Our board of directors may authorize the issuance of preferred stock, which ranks senior to our common stock for the payment of dividends and the distribution of assets on liquidation. In addition, our board of directors can fix limitations and restrictions, if any, upon the payment of dividends on both classes of our common stock to be effective while any shares of preferred stock are outstanding. Common Stock We are authorized to issue an aggregate of 259,000,000 shares of common stock. Our certificate of incorporation provides that we will have two classes of common stock: Class A common stock (authorized 250,000,000 shares, par value $0.001), which has one vote per share, and Class B common stock (authorized 9,000,000 shares, par value $0.001), which has ten votes per share. Any holder of Class B common stock may convert his or her shares at any time into shares of Class A common stock on a share-for-share basis. Otherwise the rights of the two classes of common stock are identical. As of September 30, 2020, the Company had 16,027,190 shares issued and outstanding. As of December 31, 2019, the Company had 13,997,452 shares issued and outstanding. Common Stock Warrants In conjunction with a Term Loan Note, the Company granted the borrower warrants to purchase up to 500,000 shares of Common Stock at an exercise price of $3.60 per warrant share. There were no warrants exercised during the three or nine months ended September 30, 2020. During the three and nine months ended September 30, 2020, the Company issued 500,000 and 7,419,415 common stock purchase warrants (see Note 6 – Term Loan Note and Note 7 – OID Convertible Debentures) Stock Based Compensation During the nine months ended September 30, 2020, the Company issued 9,043 common stock options to each of our independent directors for their services. The options have a strike price of $1.95 and vest one year from their issue date or April 16, 2021. The options have a term of seven years from their issue date. During the nine months ended September 30, 2020, 42,675 common stock options were terminated, and a total of 430,000 common stock options were issued to its employees. The options have a strike price of $2.70 and vest five years from their issue date or August 18, 2025. The options have a term of five years from their issue date. Stock based compensation expense for the three and nine months ended September 30, 2020, for all granted equity instruments, was $268,000 and $917,000, respectively and $329,000 and $775,000 for the three and nine months ended September 30, 2019, respectively.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	NOTE 12 – Fair Value of Financial Instruments The carrying amounts of certain financial instruments, including cash and cash equivalents, restricted cash and accounts payable and accrued expenses, approximate their respective fair values due to the short-term nature of such instruments. Assets and Liabilities Measured at Fair Value on a Recurring Basis The Company evaluates its financial assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level in which to classify them for each reporting period. This determination requires significant judgments to be made. The Company had the following financial assets of September 30, 2020 and December 31, 2019: Quoted Prices in Significant Other Significant Balance as of Active Markets for Observable Unobservable September 30, Identical Assets Inputs Inputs 2020 (Level 1) (Level 2) (Level 3) Marketable securities 4,800,000 4,800,000 — — Total assets $ 4,800,000 $4,800,000 $ — $ — Quoted Prices in Significant Other Significant Balance as of Active Markets for Observable Unobservable December 31, Identical Assets Inputs Inputs 2019 (Level 1) (Level 2) (Level 3) Marketable securities 22,000 22,000 — — Total assets $ 22,000 $22,000 $ — $ —

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Segment Reporting	NOTE 13 – Segment Reporting The Company reorganized its operating units into two reporting segments, Sequire and BIGToken. As part of the reorganization, the Company was required to allocate the goodwill between the two reporting segments. Of the $15,645,000 of aggregate goodwill, $10,200,000 and $5,445,000 was allocated to Sequire and BIGToken, respectively. The goodwill was allocated to the two reporting units based on the relative fair value of each reporting unit. The relative fair values of Sequire and BIGToken were determined using the discounted cash flow method, which is a form of the income approach. The discounted cash flow method (“DCF”) utilized discrete financial forecasts and other financial assumptions developed by management. The determination of fair value requires significant management judgment including estimating future sales, cost of sales, changes in working capital, investments in property and equipment and the selection of an appropriate discount rate. Additionally, we corroborate the conclusions of our discounted cash flow analyses by examining the trading multiples of similar publicly traded companies that operate within our industry vertical and compared the implied trading multiples of our DCF analysis with our publicly traded company group as a test for reasonableness. The Company has three operating units and two reportable segments: (i) Investor data analysis technologies (Sequire) and (ii) Consumer based marketing services and data technologies (BIGToken ). Our Chief Operating Decision Maker (CODM) does not evaluate operating segments using asset or liability information. The following table presents revenues and gross profits by reportable segment. For the Three Months Ended September 30, SEQUIRE BIGToken Corporate and Other Consolidated 2020 2019 2020 2019 2020 2019 2020 2019 Investor / Shareholder Media Services $ 1,749,000 $ - $ - $ - $ - $ - $ 1,749,000 $ - Platform Subscription 207,000 31,000 - - - - 207,000 31,000 Conference revenues - - - - - - - - Consumer Media / Data - - 604,000 915,000 - - 604,000 915,000 Other - - - - 49,000 55,000 49,000 55,000 Total Revenue 1,956,000 31,000 604,000 915,000 49,000 55,000 2,609,000 1,001,000 Cost of Revenue 650,000 - 230,000 335,000 - (13,000 ) 880,000 322,000 Gross profit $ 1,306,000 $ 31,000 $ 376,000 $ 580,000 $ 49,000 $ 68,000 $ 1,729,000 $ 679,000 For the Nine Months Ended September 30, SEQUIRE BIGToken Corporate and Other Consolidated 2020 2019 2020 2019 2020 2019 2020 2019 Investor / Shareholder Media Services $ 2,432,000 $ - $ - $ - $ - $ - $ 2,432,000 $ - Platform Subscription 376,000 41,000 - - - - 376,000 41,000 Conference revenues - - - - - - - - Consumer Media / Data - - 1,174,000 2,291,000 - - 1,174,000 2,291,000 Other - - - - 143,000 165,000 143,000 165,000 Total Revenue 2,808,000 41,000 1,174,000 2,291,000 143,000 165,000 4,125,000 2,497,000 Cost of Revenue 896,000 - 491,000 1,013,000 1,000 62,000 1,388,000 1,075,000 Gross profit $ 1,912,000 $ 41,000 $ 683,000 $ 1,278,000 $ 142,000 $ 103,000 $ 2,737,000 $ 1,422,000 Revenue Disaggregation The following table breaks out the revenue types for Sequire and BIGToken Three Months Ended Nine Months Ended September 30, September 30, 2020 2019 2020 2019 Investor / Shareholder Media Services $ 1,749,000 $ - $ 2,432,000 $ - Platform Subscription 207,000 31,000 376,000 41,000 Conference revenues - - - - Consumer Media / Data - - - - Sequire revenues 1,956,000 31,000 2,808,000 41,000 Investor / Shareholder Media Services - - - - Platform Subscription - - - - Conference revenues - - - - Consumer Media / Data 604,000 915,000 1,174,000 2,291,000 BIGToken & Media vertical revenues 604,000 915,000 1,174,000 2,291,000 Other revenues 49,000 55,000 143,000 165,000 Total revenues $ 2,609,000 $ 1,001,000 $ 4,125,000 $ 2,497,000 As of September 30, 2020 and December 31, 2019, revenue contract liabilities were approximately $3,770,000 and $0, respectively.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 14 – Subsequent Events The Company has evaluated all events that occurred after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. The Management of the Company determined the following reportable events: On October 30, 2020, a unit redemption agreement was entered into by and between the Company and Haylard MD, LLC (“Haylard”). The Company owns 10,000,000 Class A Units of Haylard. The Company desires to sell and transfer to Haylard, and Haylard desires to redeem and purchase from the Company. The price to be paid for all of the Units shall be $6,718,000 at closing and $960,000 upon the earlier of (a) the third anniversary of the closing and (b) a Sale of Haylard, for a total consideration of $7,678,000, provided that if Haylard consummates a Sale of Haylard within one hundred and eighty (180) calendar days after the closing, and the amount to be paid in respect of a Class A Unit in connection with such transaction after taking into account all fees, costs, expenses, escrows, indemnities, purchase price adjustments, repayments of indebtedness and other holdbacks as reasonably determined and calculated in good faith by Haylard is greater than $0.7677543, then Haylard shall pay to the Company an amount equal to such excess for each Unit redeemed and purchased hereunder by wire transfer of immediately available funds to the account specified by the Company. On October 30, 2020, a unit redemption agreement was entered into by and between the Company and MD CoInvest, LLC, (“CoInvest”). The Company owns 420,000 Units of CoInvest. The Company desires to sell and transfer to CoInvest, and CoInvest desires to redeem and purchase from the Company. The price to be paid for all of the Units shall be $282,000 at closing and $40,000 upon the earlier of (a) the third anniversary of the closing and (b) a Sale of CoInvest, for a total consideration of $322,000, provided that if CoInvest consummates a Sale of CoInvest within one hundred and eighty (180) calendar days after the closing, and the amount to be paid in respect of a Class A Unit in connection with such transaction after taking into account all fees, costs, expenses, escrows, indemnities, purchase price adjustments, repayments of indebtedness and other holdbacks as reasonably determined and calculated in good faith by CoInvest is greater than $0.7677543, then CoInvest shall pay to the Company an amount equal to such excess for each Unit redeemed and purchased hereunder by wire transfer of immediately available funds to the account specified by the Company. Substantially all of the proceeds (approximately $7,000,000) received for the sale of the above-mentioned unit redemptions were used to redeem outstanding OID convertible debentures. On September 30, 2020, the Company entered into a share exchange agreement (“Share Exchange”) with Force Video Protection Equipment Corp. (“FPVD”) and the majority shares holders of FPVD. The Company would receive approximately 88.9% of the issued and outstanding shares of FPVD common stock in exchange for 100% of the issued and outstanding common stock of the Company’s wholly owned subsidiary BIGToken, Inc. The closing of the Share Exchange is contingent on the completion of certain events that have not occurred as of the release of these condensed consolidated financial statements.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Summary of Calculation of Purchase Price	The total consideration to be paid by the Company is $7,610,000, as adjusted, as follows: Calculation of the purchase price: Fair value of stock at closing $ 4,264,000 Cash at closing 1,000,000 Deferred payments 2,771,000 Less cash received (303,000 ) Transaction expenses 10,000 Working capital adjustment (132,000 ) Purchase price $ 7,610,000
Summary of Allocation of Purchase Price to Assets Acquired and Liabilities Assumed	The following table summarizes the allocation of the purchase price to the assets acquired and liabilities assumed: Accounts receivable, net $ 30,000 Intangibles 468,000 Goodwill 7,706,000 Accounts payable and accrued liabilities (324,000 ) Payroll protection loan (42,000 ) Other current liabilities (97,000 ) Deferred tax liability (131,000 ) Net assets acquired $ 7,610,000
Schedule of Intangible Assets Acquired as Part of Business Combination	Intangibles assets consisted of the following: Fair Value Life in Years Trademark $ 271,000 Indefinite Domain name 3,000 Indefinite Noncompete 8,000 5 years Customer list 186,000 3 years $ 468,000
Summary of Amounts of Revenue and Earnings of Acquiree Since The Acquisition Date	The amounts of revenue and earnings of the Acquiree since the acquisition date included in the unaudited condensed consolidated statements of operations for the three months ended September 30, 2020 follows: Revenues $- Net income (loss) (51,000 )
Schedule of Unaudited Pro Forma Condensed Consolidated Statements of Operations	Unaudited Pro Forma Condensed Consolidated Statements of Operations For the Nine Months ended September 30, 2020 SRAX, Inc. LD Micro, Inc. Pro Forma Adjustment Pro Forma Combined Revenues $ 4,125,000 $ 937,000 $ - $ 5,062,000 Cost of revenues (1,388,000 ) (98,000 ) - (1,486,000 ) Operating expenses (12,337,000 ) (858,000 ) (367,000 ) (13,562,000 ) Other expense (5,295,000 ) (1,000 ) - (5,296,000 ) Net loss $ (14,895,000 ) $ (20,000 ) $ (367,000 ) $ (15,282,000 ) Unaudited Pro Forma Condensed Consolidated Statements of Operations For the Nine Months ended September 30, 2019 SRAX, Inc. LD Micro, Inc. Pro Forma Adjustment Pro Forma Combined Revenues $ 2,497,000 $ 1,142,000 $ - $ 3,639,000 Cost of revenues (1,075,000 ) (188,000 ) - (1,263,000 ) Operating expenses (14,994,000 ) (1,037,000 ) (596,000 ) (16,627,000 ) Other income 1,098,000 8,000 - 1,106,000 Net loss $ (12,474,000 ) $ (75,000 ) $ (596,000 ) $ (13,145,000 )
Summary of Pro Forma Adjustments	The following summarizes the pro forma adjustments made for the nine months ended September 30: 2020 2019 Amortization of intangibles acquired $ 48,000 48,000 Employee related costs 319,000 319,000 Financing costs - 229,000 Net income (loss) $ 367,000 $ 596,000

Marketable Securities (Tables)

Marketable Securities (Tables)	9 Months Ended
	Sep. 30, 2020
Cash and Cash Equivalents [Abstract]
Schedule of Movement of Marketable Securities	The movement in this account is as follows: September 30, 2020 December 31, 2019 Balances at beginning of year $ 83,000 - Securities received for revenue contracts 5,398,000 83,000 Sale of marketable securities (21,000 ) - Unrealized loss on mark-to-market (660,000 ) - Balances as of date $ 4,800,000 $ 83,000
Schedule of Component of Other Income (Expense) Realized and Unrealized gain (Loss) on Marketable Securities	The Company recorded as a component of other income (expense) the realized and unrealized gain (loss) on marketable securities as follows: For the three months ended September 30, For the nine months ended September 30, 2020 2019 2020 2019 Unrealized loss (800,000 ) - (660,000 ) - Realized gain - - 376,000 - Loss from marketable securities (800,000 ) - (284,000 ) -

OID Convertible Debentures (Tab

OID Convertible Debentures (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of OID Convertible Debentures	The following table presents the balance of the OID Convertible Debentures at the contractual face amount net of discounts: Principal balance $ 15,313,000 Debt discount - OID (1,237,000 ) Debt discount - BCF (4,403,000 ) Debt discount warrants (2,467,000 ) Debt discount fees (1,133,000 ) Net book value 6,431,000 Less OID convertible debentures, short term 3,683,000 OID convertible debentures, long term $ 2,748,000

Right to Use Asset (Tables)

Right to Use Asset (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Schedule of Component of Lease Expense	The following tables summarize the lease expense for the three and nine months ended September 30: Three Months Ended September 30, 2020 2019 Operating lease expense $ 41,000 $ 41,000 Short-term lease expense 4,000 33,000 Total lease expense $ 45,000 $ 74,000 Nine Months Ended September 30, 2020 2019 Operating lease expense $ 122,000 $ 122,000 Short-term lease expense 32,000 105,000 Total lease expense $ 154,000 $ 227,000
Schedule of Operating Lease Assets and Liabilities	The below table summarizes these lease asset and liability accounts presented on our accompanying Condensed Consolidated Balance Sheets: Operating Leases* Consolidated Balance Sheet Caption Balance as of Operating lease right-of-use assets - non-current Right of use asset $ 390,000 Operating lease liabilities - current Other current liabilities $ 94,000 Operating lease liabilities - non-current Right to use liability - long term $ 282,000 Total operating lease liabilities $ 376,000

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
Other Liabilities Disclosure [Abstract]
Schedule of Other Current Liabilities	The following table summarizes the composition of other current liabilities presented on our accompanying Condensed Consolidated Balance Sheets: September 30, December 31, Contract liabilities $ 3,673,000 $ - Contract liabilities assumed from LD Micro 97,000 - BIGToken point liability 263,000 446,000 Operating lease liabilities - current 94,000 91,000 Other current liabilities 2,723,000 - Total lease expense $ 6,850,000 $ 537,000

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value On Recurring Basis	The Company evaluates its financial assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level in which to classify them for each reporting period. This determination requires significant judgments to be made. The Company had the following financial assets of September 30, 2020 and December 31, 2019: Quoted Prices in Significant Other Significant Balance as of Active Markets for Observable Unobservable September 30, Identical Assets Inputs Inputs 2020 (Level 1) (Level 2) (Level 3) Marketable securities 4,800,000 4,800,000 — — Total assets $ 4,800,000 $4,800,000 $ — $ — Quoted Prices in Significant Other Significant Balance as of Active Markets for Observable Unobservable December 31, Identical Assets Inputs Inputs 2019 (Level 1) (Level 2) (Level 3) Marketable securities 22,000 22,000 — — Total assets $ 22,000 $22,000 $ — $ —

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Schedule of Revenue and Gross Profit by Reportable Segment	The following table presents revenues and gross profits by reportable segment. For the Three Months Ended September 30, SEQUIRE BIGToken Corporate and Other Consolidated 2020 2019 2020 2019 2020 2019 2020 2019 Investor / Shareholder Media Services $ 1,749,000 $ - $ - $ - $ - $ - $ 1,749,000 $ - Platform Subscription 207,000 31,000 - - - - 207,000 31,000 Conference revenues - - - - - - - - Consumer Media / Data - - 604,000 915,000 - - 604,000 915,000 Other - - - - 49,000 55,000 49,000 55,000 Total Revenue 1,956,000 31,000 604,000 915,000 49,000 55,000 2,609,000 1,001,000 Cost of Revenue 650,000 - 230,000 335,000 - (13,000 ) 880,000 322,000 Gross profit $ 1,306,000 $ 31,000 $ 376,000 $ 580,000 $ 49,000 $ 68,000 $ 1,729,000 $ 679,000 For the Nine Months Ended September 30, SEQUIRE BIGToken Corporate and Other Consolidated 2020 2019 2020 2019 2020 2019 2020 2019 Investor / Shareholder Media Services $ 2,432,000 $ - $ - $ - $ - $ - $ 2,432,000 $ - Platform Subscription 376,000 41,000 - - - - 376,000 41,000 Conference revenues - - - - - - - - Consumer Media / Data - - 1,174,000 2,291,000 - - 1,174,000 2,291,000 Other - - - - 143,000 165,000 143,000 165,000 Total Revenue 2,808,000 41,000 1,174,000 2,291,000 143,000 165,000 4,125,000 2,497,000 Cost of Revenue 896,000 - 491,000 1,013,000 1,000 62,000 1,388,000 1,075,000 Gross profit $ 1,912,000 $ 41,000 $ 683,000 $ 1,278,000 $ 142,000 $ 103,000 $ 2,737,000 $ 1,422,000
Schedule of Revenue Disaggregation	The following table breaks out the revenue types for Sequire and BIGToken Three Months Ended Nine Months Ended September 30, September 30, 2020 2019 2020 2019 Investor / Shareholder Media Services $ 1,749,000 $ - $ 2,432,000 $ - Platform Subscription 207,000 31,000 376,000 41,000 Conference revenues - - - - Consumer Media / Data - - - - Sequire revenues 1,956,000 31,000 2,808,000 41,000 Investor / Shareholder Media Services - - - - Platform Subscription - - - - Conference revenues - - - - Consumer Media / Data 604,000 915,000 1,174,000 2,291,000 BIGToken & Media vertical revenues 604,000 915,000 1,174,000 2,291,000 Other revenues 49,000 55,000 143,000 165,000 Total revenues $ 2,609,000 $ 1,001,000 $ 4,125,000 $ 2,497,000

Organization and Basis of Pre_2

Organization and Basis of Presentation (Details Narrative) - USD ($)	Oct. 30, 2020	Jan. 01, 2012	Sep. 30, 2020	Dec. 31, 2019
Cash and cash equivalents			$ 2,446,000	$ 32,000
Proceeds from debt			13,000,000
TI Health [Member]
Proceeds from debt			8,000,000
TI Health [Member] | Subsequent Event [Member]
Proceeds from debt	$ 7,000,000
Convertible Debentures [Member]
Proceeds from debt			11,885,000
Payroll Protection Program [Member]
Proceeds from debt			1,084,000
Sales Agreement [Member]
Proceeds from debt			$ 3,125,000
Social Reality, LLC [Member] | Class A Common Stock [Member]
Ownership percentage		100.00%
Shares issued in business acquisition		2,465,753
Social Reality, LLC [Member] | Class A Common Stock [Member] | Former Members [Member]
Ownership percentage		100.00%

Acquisitions (Details Narrative

Acquisitions (Details Narrative) - USD ($)	Jul. 01, 2021	Apr. 01, 2021	Jan. 01, 2021	Sep. 15, 2020	Sep. 30, 2020	Sep. 30, 2019
Deferred payments discounted under CCC rated corporate debt					$ 3,000,000
Amortization of the payments					1,000	$ 47,000
Employee related costs					319,000	$ 319,000
LD Micro, Inc. [Member]
Business acquisition, closing date of acquisition agreement				Sep. 15, 2020
Business combination, cash payable by entity				$ 1,000,000	$ 7,610,000
Deferred payments discounted under CCC rated corporate debt				3,000,000
Amortization of the payments				$ 229,000
LD Micro, Inc. [Member] | Class A Common Stock [Member]
Number of shares issued in acquisition				1,600,000
LD Micro, Inc. [Member] | Forecast [Member]
Business combination, cash payable by entity	$ 1,000,000	$ 1,000,000	$ 1,000,000

Acquisitions - Summary of Calcu

Acquisitions - Summary of Calculation of Purchase Price (Details) - LD Micro, Inc. [Member] - USD ($)	Sep. 15, 2020	Sep. 30, 2020
Fair value of stock at closing	$ 4,264,000
Cash at closing	1,000,000	$ 7,610,000
Deferred payments	2,771,000
Less cash received	(303,000)
Transaction expenses	10,000
Working capital adjustment	(132,000)
Purchase price	$ 7,610,000

Acquisitions - Summary of Alloc

Acquisitions - Summary of Allocation of Purchase Price to Assets Acquired and Liabilities Assumed (Details) - USD ($)	Sep. 30, 2020	Sep. 15, 2020	Dec. 31, 2019
Goodwill	$ 23,351,000		$ 15,645,000
LD Micro, Inc. [Member]
Accounts receivable, net		$ 30,000
Intangibles		468,000
Goodwill		7,706,000
Accounts payable and accrued liabilities		(324,000)
Payroll protection loan		(42,000)
Other current liabilities		(97,000)
Deferred tax liability		(131,000)
Net assets acquired		$ 7,610,000

Acquisitions - Schedule of Inta

Acquisitions - Schedule of Intangible Assets Acquired as Part of Business Combination (Details) - LD Micro, Inc. [Member]	Sep. 15, 2020USD ($)
Fair value	$ 468,000
Noncompete Agreements [Member]
Fair value	$ 8,000
Life in Years	5 years
Customer Lists [Member]
Fair value	$ 186,000
Life in Years	3 years
Trademarks [Member]
Fair value	$ 271,000
Life in years, description	Indefinite
Domain Name [Member]
Fair value	$ 3,000
Life in years, description	Indefinite

Acquisitions - Summary of Amoun

Acquisitions - Summary of Amounts of Revenue and Earnings of Acquiree Since The Acquisition Date (Details) - USD ($)	Sep. 15, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues		$ 2,609,000			$ 1,001,000			$ 4,125,000	$ 2,497,000
Net income (loss)		$ (6,571,000)	$ (5,321,000)	$ (3,003,000)	$ 1,409,000	$ (8,099,000)	$ (5,784,000)	$ (14,895,000)	$ (12,474,000)
LD Micro, Inc. [Member]
Revenues
Net income (loss)	$ (51,000)

Acquisitions - Schedule of Unau

Acquisitions - Schedule of Unaudited Pro Forma Condensed Consolidated Statements of Operations (Details) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Revenues	$ 4,125,000	$ 2,497,000
Cost of revenues	(1,388,000)	(1,075,000)
Operating expenses	(12,337,000)	(14,994,000)
Other expense	(5,295,000)	1,098,000
Net loss	(14,895,000)	(12,474,000)
Pro Forma Adjustment [Member]
Revenues
Cost of revenues
Operating expenses	(367,000)	(596,000)
Other expense
Net loss	(367,000)	(596,000)
Pro Forma Combined [Member]
Revenues	5,062,000	3,639,000
Cost of revenues	(1,486,000)	(1,263,000)
Operating expenses	(13,562,000)	(16,627,000)
Other expense	(5,296,000)	1,106,000
Net loss	(15,282,000)	(13,145,000)
LD Micro, Inc. [Member]
Revenues	937,000	1,142,000
Cost of revenues	(98,000)	(188,000)
Operating expenses	(858,000)	(1,037,000)
Other expense	(1,000)	8,000
Net loss	$ (20,000)	$ (75,000)

Acquisitions - Summary of Pro F

Acquisitions - Summary of Pro Forma Adjustments (Details) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Net income (loss)	$ (14,895,000)	$ (12,474,000)
Pro Forma Adjustment [Member]
Amortization of intangibles acquired	48,000	48,000
Employee related costs	319,000	319,000
Financing costs		229,000
Net income (loss)	$ (367,000)	$ (596,000)

Marketable Securities (Details

Marketable Securities (Details Narrative) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Cash and Cash Equivalents [Abstract]
Proceeds from sale of marketable securities	$ 397,000
Gain on marketable securities	21,000
Marketable securities	$ 376,000

Marketable Securities - Schedul

Marketable Securities - Schedule of Movement of Marketable Securities (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Cash and Cash Equivalents [Abstract]
Balances at beginning of year			$ 83,000
Securities received for revenue contracts			5,398,000		83,000
Sale of marketable securities			397,000
Unrealized loss on mark-to-market	$ (800,000)		(660,000)
Balances as of date	$ 4,800,000		$ 4,800,000		$ 83,000

Marketable Securities - Sched_2

Marketable Securities - Schedule of Component of Other Income (Expense) Realized and Unrealized Gain (Loss) on Marketable Securities (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Cash and Cash Equivalents [Abstract]
Unrealized loss	$ (800,000)		$ (660,000)
Realized gain			376,000
Loss from marketable securities	$ (800,000)		$ (284,000)

Sale of Accounts Receivable (De

Sale of Accounts Receivable (Details Narrative) - USD ($)	Jun. 30, 2020	Mar. 24, 2020	Jan. 30, 2020	Jan. 22, 2020	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2019
Accounts receivable			$ 75,000	$ 454,000
Accounts receivable, purchase			56,000	$ 454,000
Description of sale of accounts receivable						Upon the occurrence of a payment made on the applicable receivables, the Company is required to pay a true up amount as follows: a) ten percent (10%) of the portion of the receivables which are paid on or before the 30th day following the effective date of the agreement; b) twenty percent (20%) of the portion of the receivables which are paid after the 30th day but on or before the 60th day following the effective date of the agreement; and d) thirty six percent (36%) of the portion of the receivables which are paid after the 60th day following the effective date of the agreement.
Converted debt					$ 788,000
Loss on extinguishment						$ (1,103,000)
Difference between face value and fair value			$ 95,000
Payable [Member]
Converted debt	$ 510,000
Accrued Interest [Member]
Converted debt	184,000
Debentures [Member]
Convertible debt	788,000
Fair value of debenture	815,000
Loss on extinguishment	(546,000)
Difference between face value and fair value	27,000
Fair value of warrant issued	424,000
Conversion premium	$ 27,000
Class A Common Stock [Member]
Sale of stock, number of shares issued in transaction			29,519	239,029
Agreements to Sell Accounts Receivable [Member]
Percentage of receivables upon exercise of put option		136.00%
Agreements to Sell Accounts Receivable Ammended [Member]
Description of sale of accounts receivable						On April 9, 2020 the Company entered into an agreement to amend the January 22 and 30 accounts receivable agreements. The purchaser agreed to amend the put option date as described above to June 23, 2020 and June 30, 2020 for the sale of receivables originating on January 22, 2020 and January 30, 2020, respectively. As consideration for the extension the Company agreed to issue the purchaser 32,668 and 4,032 shares of Class A common stock for the receivable sale originating on January 22, 2020 and January 30, 2020, respectively.
Agreements to Sell Accounts Receivable Ammended [Member] | Class A Common Stock [Member]
Sale of stock, number of shares issued in transaction			4,032	32,668

Short Term Promissory Notes (De

Short Term Promissory Notes (Details Narrative) - USD ($)	Jun. 30, 2020	Feb. 28, 2020	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2019	Jan. 30, 2020
Fair value of the security shares				$ 181,000	$ 219,000
Repayment of short-term note payable				2,500,000
Converted debt			$ 788,000
Loss on extinguishment				$ (1,103,000)
Difference between face value and fair value						$ 95,000
Accrued Interest [Member]
Converted debt	$ 184,000
Debentures [Member]
Convertible debt	788,000
Fair value of debenture	815,000
Loss on extinguishment	(546,000)
Difference between face value and fair value	27,000
Fair value of warrant issued	424,000
Conversion premium	$ 27,000
Short-Term Promissory Notes [Member]
Debt instrument, face amount		$ 450,000
Debt instrument, maturity date		May 12, 2020
Debt instrument, description				The notes are due and payable on May 12, 2020. The notes will accrue interest as follows: (i) on the origination date, ten percent (10%) of the principal amount was added to each note, (ii) on March 12, 2020, an additional ten percent (10%) of the principal amount was added to each note, and (iii) on April 12, 2020, an additional sixteen percent (16%) of the principal amount was added to each note.
Debt conversion, converted instrument, shares issued				450,000
Debt instrument, original issue discount			$ 45,000	$ 45,000
Security shares			100,000	100,000
Fair value of the security shares				$ 181,000
Difference between face value and fair value			$ 65,000	65,000
Short-Term Promissory Notes [Member] | Accrued Interest [Member]
Converted debt				126,000
Short-Term Promissory Notes [Member] | Debentures [Member]
Convertible debt				541,000
Fair value of debenture			560,000	560,000
Loss on extinguishment				375,000
Difference between face value and fair value			19,000	19,000
Fair value of warrant issued				291,000
Conversion premium			$ 18,000	18,000
Short-Term Promissory Notes [Member] | Chief Financial Officer [Member]
Debt instrument, face amount		$ 100,000
Repayment of short-term note payable				$ 136,000

Term Loan Note (Details Narrati

Term Loan Note (Details Narrative) - USD ($)	May 01, 2020	Feb. 28, 2020	Jun. 30, 2020	Sep. 30, 2020	Sep. 30, 2019
Proceeds from notes payable				$ 2,130,000
Exercise price of warrant				$ 3.60
Proceeds from issuance of warrant					$ 1,146,000
Warrants [Member]
Class of warrant issued		500,000
Exercise price of warrant		$ 3.60
Warrant expire date		Oct. 31, 2022
Proceeds from issuance of warrant		$ 83,000
Warrants [Member] | Maximum [Member]
Exercise price of warrant		$ 2.50
Warrants [Member] | Second Drawdown [Member]
Class of warrant issued		500,000
Term loan [Member]
Term loan, maximum borrowing capacity		$ 5,000,000
Proceeds from notes payable	$ 2,164,000	2,500,000
Debt instrument, unused borrowing capacity, amount		2,500,000
Debt instrument, additional borrowing capacity		$ 1,000,000
Debt instrument, interest rate		10.00%
Debt instrument, maturity date		Mar. 1, 2022
Debt instrument, payment term description		The Company will make monthly payments of principal and interest on an eighteen (18) month straight line amortization schedule, based on the principal outstanding on July 31, 2020. Additionally, the Company will have the option of a one (1) time payment-in-kind payment for a monthly required payment of principal and interest, which will defer such payments and result in a recalculation of the amortization schedule. In the event that the Company is late on any payments under the Loan, a late charge of three percent (3%) of the amount of the payment due will be assessed.
Debt instrument origination fee		$ 300,000
Attorneys fees		$ 35,000
Repayment of loan priciple and interest			$ 2,585,000
Outstanding loan

OID Convertible Debentures (Det

OID Convertible Debentures (Details Narrative)	Jun. 25, 2020USD ($)$ / sharesshares	Feb. 28, 2020USD ($)	Sep. 30, 2020USD ($)$ / sharesshares	Sep. 30, 2020USD ($)$ / sharesshares	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Accounts receivable			$ 1,260,000	$ 1,260,000		$ 805,000
Warrant exercise price | $ / shares			$ 3.60	$ 3.60
Repayment of short-term note payable				$ 2,500,000
Warrant issued | shares			500,000	500,000
Proceeds from issuance of debt				$ 13,000,000
Amortization expenses			$ 3,302,000	3,302,000
Debenture principal converted into common stock			788,000
Increase in additional paid in capital			$ 234,000	234,000
Class A Common Stock [Member]
Debt instrument, no. of shares issued upon conversion | shares			293,038
OID Convertible Debentures [Members]
Debt principle amount	$ 16,101,000
Debt discount	$ 14,169,000
Original issue discount percentage	12.00%
Warrant to purchase common stock | shares	6,440,561
Purchase price	$ 13,000,000
Outstanding loan	1,169,000
Accounts receivable	510,000
Short term promissory notes	350,000
Accrued interest	$ 125,000
Debt instrument, interest rate	12.00%
Initial conversion price | $ / shares	$ 2.69
Warrant exercise price | $ / shares	$ 2.50
OID Convertible Debentures [Members]
Debt principle amount			$ 15,313,000	15,313,000
Debt discount			$ 1,237,000	1,237,000
Debt instrument, maturity date	Dec. 31, 2021
Debt instrument discription	Subject to the Company's compliance with certain equity conditions, upon ten trading days' notice to the Purchasers, the Company has the right to redeem the Debentures in cash at 115% of their outstanding principal, plus accrued interest. Additionally, in the event that (i) the Company sells or reprices any securities (each, a "Redemption Financing"), or (ii) the Company disposes of assets (except those sold or transferred in the ordinary course of business) (each, an "Asset Sale"), then the Purchasers shall have the right to cause the Company (a) in the event of a Redemption Financing at a price per Common Stock equivalent of $2.50 or less per share, the Purchasers may mandate that 100% of the proceeds be used to redeem the Debentures (b) in the event of a Redemption Financing at a price per Common Stock equivalent of greater than $2.50 per share, the Purchasers may mandate that up to 50% of the proceeds be used to redeem the Debentures, and (c) in the event of an Asset Sale, the Purchasers may mandate that up to 100% of the proceeds be used to redeem the Debentures.
Debt instrument, restrictive covenants	The Company is also subject to certain negative covenants (unless waived by 67% of the then outstanding Purchasers, and including the lead Purchaser) under the Debentures, including but not limited to, the creation of certain debt obligations, liens on Company assets, amending its charter documents, repayment or repurchase of securities or certain debt of the Company, or the payment of dividends.
Warrant or right, reason for issuance, description	Pursuant to the terms of the Debentures and Warrants, a Purchaser will not have the right to convert any portion of the Debentures or exercise any portion of the Warrants if the holder (together with its affiliates) would beneficially own in excess of 4.99% or 9.99% (at the Purchaser's option) of the number of shares of Common Stock outstanding immediately after giving effect to such conversion or exercise, as such percentage ownership is determined in accordance with the terms of the Debentures and the Warrants; provided that at the election of a holder and notice to us such percentage ownership limitation may be increased to 9.99%; provided that any increase will not be effective until the 61st day after such notice is delivered from the holder to the Company.
Payment of outstanding debt		$ 2,500,000
Repayment of short-term note payable		$ 136,000
Proceeds from issuance of debt				4,200,000
Proceeds from offering gross				13,000,000
Proceeds from offering, net				$ 9,100,000
OID Convertible Debentures [Members] | Securities Purchase Agreement [Member]
Warrant to purchase common stock | shares			478,854	478,854
Warrant exercise price | $ / shares			$ 3.3625	$ 3.3625
Estimated warrant issuance | shares			360,000	360,000
OID Convertible Debentures [Members] | Securities Purchase Agreement [Member] | Bradley Woods & Co. Ltd [Member]
Commission				$ 1,040,000
Warrant issued | shares			478,854	478,854
OID Convertible Debentures [Members] | Securities Purchase Agreement [Member] | Risk Free Interest Rate [Member]
Fair value of warrant liability, measurement input, percentage			.11	.11
OID Convertible Debentures [Members] | Securities Purchase Agreement [Member] | Expected Term [Member]
Fair value assumption, warrant expected term			2 years 50 months 1 day	2 years 50 months 1 day
OID Convertible Debentures [Members] | Securities Purchase Agreement [Member] | Expected Volatility [Member]
Fair value of warrant liability, measurement input, percentage			96	96
OID Convertible Debentures [Members] | Securities Purchase Agreement [Member] | Expected Dividend Yield [Member]
Fair value of warrant liability, measurement input, percentage			0	0
OID Convertible Debentures [Members] | Prior to Closing date [Members]
Proceeds from issuance of debt				$ 3,800,000
OID Convertible Debentures [Members] | After the Closing date [Members]
Proceeds from issuance of debt				$ 5,000,000
OID Convertible Debentures [Members] | Accounts Receivable [Members]
Accrued interest	$ 184,000

OID Convertible Debentures - Sc

OID Convertible Debentures - Schedule of OID Convertible Debentures (Details) - OID Convertible Debentures [Members]	Sep. 30, 2020USD ($)
Principal balance	$ 15,313,000
Debt discount - OID	(1,237,000)
Debt discount - BCF	(4,403,000)
Debt discount warrants	(2,467,000)
Debt discount fees	(1,133,000)
Net book value	6,431,000
Less OID convertible debentures, short term	3,683,000
OID convertible debentures, long term	$ 2,748,000

Paycheck Protection Program L_2

Paycheck Protection Program Loan (Details Narrative) - USD ($)	Apr. 17, 2020	Sep. 30, 2020	Sep. 15, 2020
LD Micro, Inc. [Member]
Payroll protection loan in connection with acquisition			$ 42,000
Paycheck Protection Program Loan [Member]
Unsecured loan	$ 1,084,000
Term loan	2 years
Interest rate	1.00%
Short term loan		$ 548,000
Long term loan		$ 578,000

Right to Use Asset (Details Nar

Right to Use Asset (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Remaining lease term	3 years		3 years
Variable lease costs
Sublease income
Lease expense	$ 45,000	$ 74,000	$ 154,000	$ 227,000

Right to Use Asset - Schedule o

Right to Use Asset - Schedule of Component of Lease Expense (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Operating lease expense	$ 41,000	$ 41,000	$ 122,000	$ 122,000
Short-term lease expense	4,000	33,000	32,000	105,000
Total lease expense	$ 45,000	$ 74,000	$ 154,000	$ 227,000

Right to Use Asset - Schedule_2

Right to Use Asset - Schedule of Operating Lease Assets and Liabilities (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease right-of-use assets - non-current	$ 390,000	$ 456,000
Operating lease liabilities - current	94,000	91,000
Operating lease liabilities - non-current	282,000	$ 352,000
Total operating lease liabilities	$ 376,000

Other Current Liabilities - Sch

Other Current Liabilities - Schedule of Other Current Liabilities (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Contract liabilities	$ 3,673,000
Contract liabilities assumed from LD Micro	97,000
BIGToken point liability	263,000	446,000
Operating lease liabilities - current	94,000	91,000
Other current liabilities	2,723,000
Total lease expense	$ 6,850,000	$ 537,000

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Preferred stock shares authorized	50,000,000		50,000,000
Preferred stock par value	$ 0.001		$ 0.001
Common stock shares authorized	259,000,000		259,000,000
Common stock shares issued	16,027,190		16,027,190		13,997,452
Common stock shares outstanding	16,027,190		16,027,190		13,997,452
Warrants to purchase common stock shares	500,000		500,000
Warrants exercise price per share	$ 3.60		$ 3.60
Number of stock issued for purchase warrants	500,000		7,419,415
Stock based compensation expenses	$ 268,000	$ 329,000	$ 917,000	$ 775,000
Independent Directors [Member]
Number of stock options issued			9,043
Stock issued price per share	$ 1.95		$ 1.95
Options vesting period			1 year
Options term			7 years
Employees [Member]
Number of stock options issued			430,000
Stock issued price per share	$ 2.70		$ 2.70
Options vesting period			5 years
Options term			5 years
Number of stock options terminated			42,675
Series 1 Preferred Stock [Member]
Preferred stock shares authorized	200,000		200,000
Class A Common Stock [Member]
Common stock shares authorized	250,000,000		250,000,000
Common stock par value	$ 0.001		$ 0.001
Class B Common Stock [Member]
Common stock shares authorized	9,000,000		9,000,000
Common stock par value	$ 0.001		$ 0.001

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured at Fair Value On Recurring Basis (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Total assets	$ 4,800,000	$ 22,000
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level1) [Member]
Total assets	4,800,000	22,000
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Total assets
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level3) [Member]
Total assets
Fair Value, Measurements, Recurring [Member] | Marketable Securities [Member]
Total assets	4,800,000	22,000
Fair Value, Measurements, Recurring [Member] | Marketable Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level1) [Member]
Total assets	4,800,000	22,000
Fair Value, Measurements, Recurring [Member] | Marketable Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Total assets
Fair Value, Measurements, Recurring [Member] | Marketable Securities [Member] | Significant Unobservable Inputs (Level3) [Member]
Total assets

Segment Reporting - (Details Na

Segment Reporting - (Details Narrative)	9 Months Ended
	Sep. 30, 2020USD ($)segment	Dec. 31, 2019USD ($)
Number of operating segments | segment	2
Goodwill	$ 23,351,000	$ 15,645,000
Revenue contract liabilities	3,770,000	$ 0
SEQUIRE [Member]
Goodwill	10,200,000
BIGToken [Member]
Goodwill	$ 5,445,000

Segment Reporting - Schedule of

Segment Reporting - Schedule of Revenue and Gross Profit by Reportable Segment (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Total Revenue	$ 2,609,000	$ 1,001,000	$ 4,125,000	$ 2,497,000
Cost of Revenue	880,000	322,000	1,388,000	1,075,000
Gross profit	1,729,000	679,000	2,737,000	1,422,000
Investor / Shareholder Media Services [Member]
Total Revenue	1,749,000		2,432,000
Platform Subscription [Member]
Total Revenue	207,000	31,000	376,000	41,000
Conference Revenues [Member]
Total Revenue
Consumer Media / Data [Member]
Total Revenue	604,000	915,000	1,174,000	2,291,000
Other [Member]
Total Revenue	49,000	55,000	143,000	165,000
SEQUIRE [Member]
Total Revenue	1,956,000	31,000	2,808,000	41,000
Cost of Revenue	650,000		896,000
Gross profit	1,306,000	31,000	1,912,000	41,000
SEQUIRE [Member] | Investor / Shareholder Media Services [Member]
Total Revenue	1,749,000		2,432,000
SEQUIRE [Member] | Platform Subscription [Member]
Total Revenue	207,000	31,000	376,000	41,000
SEQUIRE [Member] | Conference Revenues [Member]
Total Revenue
SEQUIRE [Member] | Consumer Media / Data [Member]
Total Revenue
SEQUIRE [Member] | Other [Member]
Total Revenue
BIGToken [Member]
Total Revenue	604,000	915,000	1,174,000	2,291,000
Cost of Revenue	230,000	335,000	491,000	1,013,000
Gross profit	376,000	580,000	683,000	1,278,000
BIGToken [Member] | Investor / Shareholder Media Services [Member]
Total Revenue
BIGToken [Member] | Platform Subscription [Member]
Total Revenue
BIGToken [Member] | Conference Revenues [Member]
Total Revenue
BIGToken [Member] | Consumer Media / Data [Member]
Total Revenue	604,000	915,000	1,174,000	2,291,000
BIGToken [Member] | Other [Member]
Total Revenue
Corporate and Other [Member]
Total Revenue	49,000	55,000	143,000	165,000
Cost of Revenue		(13,000)	1,000	62,000
Gross profit	49,000	68,000	142,000	103,000
Corporate and Other [Member] | Investor / Shareholder Media Services [Member]
Total Revenue
Corporate and Other [Member] | Platform Subscription [Member]
Total Revenue
Corporate and Other [Member] | Conference Revenues [Member]
Total Revenue
Corporate and Other [Member] | Consumer Media / Data [Member]
Total Revenue
Corporate and Other [Member] | Other [Member]
Total Revenue	$ 49,000	$ 55,000	$ 143,000	$ 165,000

Segment Reporting - Schedule _2

Segment Reporting - Schedule of Revenue Disaggregation (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Total Revenue	$ 2,609,000	$ 1,001,000	$ 4,125,000	$ 2,497,000
Investor / Shareholder Media Services [Member]
Total Revenue	1,749,000		2,432,000
Platform Subscription [Member]
Total Revenue	207,000	31,000	376,000	41,000
Conference Revenues [Member]
Total Revenue
Consumer Media / Data [Member]
Total Revenue	604,000	915,000	1,174,000	2,291,000
Other [Member]
Total Revenue	49,000	55,000	143,000	165,000
SEQUIRE [Member]
Total Revenue	1,956,000	31,000	2,808,000	41,000
SEQUIRE [Member] | Investor / Shareholder Media Services [Member]
Total Revenue	1,749,000		2,432,000
SEQUIRE [Member] | Platform Subscription [Member]
Total Revenue	207,000	31,000	376,000	41,000
SEQUIRE [Member] | Conference Revenues [Member]
Total Revenue
SEQUIRE [Member] | Consumer Media / Data [Member]
Total Revenue
SEQUIRE [Member] | Other [Member]
Total Revenue
BIGToken [Member]
Total Revenue	604,000	915,000	1,174,000	2,291,000
BIGToken [Member] | Investor / Shareholder Media Services [Member]
Total Revenue
BIGToken [Member] | Platform Subscription [Member]
Total Revenue
BIGToken [Member] | Conference Revenues [Member]
Total Revenue
BIGToken [Member] | Consumer Media / Data [Member]
Total Revenue	604,000	915,000	1,174,000	2,291,000
BIGToken [Member] | Other [Member]
Total Revenue

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Oct. 30, 2020	Sep. 30, 2020
Force Video Protection Equipment Corp. [Member] | Share Exchange Agreement [Member]
Equity ownership percentage		88.90%
Subsequent Event [Member] | MD Colnvest, LLC [Member]
Number of units owned by entity	420,000
Redemption amount payable at closing	$ 282,000
Redemptions of units payable upon earlier, amount	40,000
Proceeds from sale of units	$ 322,000
Units price	$ 0.7677543
Subsequent Event [Member] | TI Health [Member]
Proceeds from sale of units	$ 7,000,000
Subsequent Event [Member] | Class A Units [Member] | Haylard MD, LLC [Member]
Number of units owned by entity	10,000,000
Redemption amount payable at closing	$ 6,718,000
Redemptions of units payable upon earlier, amount	960,000
Proceeds from sale of units	$ 7,678,000
Units price	$ 0.7677543