Bright Mountain Media (BMTM) 10-Q 12 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Aug. 10, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-54887
Entity Registrant Name	Bright Mountain Media, Inc.
Entity Central Index Key	0001568385
Entity Tax Identification Number	27-2977890
Entity Incorporation, State or Country Code	FL
Entity Address, Address Line One	6400 Congress Avenue
Entity Address, Address Line Two	Suite 2050
Entity Address, City or Town	Boca Raton
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33487
City Area Code	561
Local Phone Number	998-2440
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		149,159,461

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 417,188	$ 781,320
Accounts receivable, net of allowance for doubtful accounts of $718,318 and $495,396, at June 30, 2022 and December 31, 2021, respectively	3,490,699	3,550,126
Note receivable, net	15,476	21,415
Prepaid expenses and other current assets	766,007	904,716
Total current assets	4,689,370	5,257,577
Property and equipment, net	53,943	65,122
Website acquisition assets, net	3,200	4,000
Intangible assets, net	5,279,329	6,064,535
Goodwill	19,645,468	19,645,468
Prepaid services/consulting agreements – long term	104,939	284,825
Right-of-use asset	687,310
Other assets	237,181	242,686
Total assets	30,700,740	31,564,213
Current liabilities
Accounts payable	8,521,440	8,459,561
Accrued expenses	2,837,279	3,764,665
Accrued interest to related party	1,727,262	640,255
Premium finance loan payable	85,711	334,284
Deferred revenues	623,629	1,162,425
Long term debt, current portion		1,387,140
Long term debt to related parties, current portion, net	3,632,192	7,316,402
Other current liabilities	70,468	5,052
Total current liabilities	17,497,981	23,069,784
Long term debt to related parties, net	22,186,784	15,217,569
Operating lease liability	691,340
Total liabilities	40,376,105	38,287,353
Commitments and Contingencies
Shareholders’ deficit
Common stock, par value $0.01, 324,000,000 shares authorized, 149,984,636 and 149,810,383 issued and 149,159,461 and 148,985,208 outstanding at June 30, 2022 and December 31, 2021, respectively	1,499,846	1,498,103
Treasury stock, at cost; 825,175 shares at June 30, 2022 and December 31, 2021	(219,837)	(219,837)
Additional paid-in capital	98,462,565	98,128,948
Accumulated deficit	(109,448,440)	(106,144,065)
Accumulated other comprehensive income	29,251	12,461
Total shareholders’ deficit	(9,675,365)	(6,723,140)
Total liabilities and shareholders’ deficit	30,700,740	31,564,213
Series A-1 Preferred Stock [Member]
Shareholders’ deficit
Preferred stock value
Series B-1 Preferred Stock [Member]
Shareholders’ deficit
Preferred stock value
Series E Preferred Stock [Member]
Shareholders’ deficit
Preferred stock value	1,250	1,250
Series F Preferred Stock [Member]
Shareholders’ deficit
Preferred stock value

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Net of allowance for doubtful accounts	$ 718,318	$ 495,396
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	20,000,000	20,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	324,000,000	324,000,000
Common shares, shares issued	149,984,636	149,810,383
Common shares, shares outstanding	149,159,461	148,985,208
Treasury stock, shares issued	825,175	825,175
Series A-1 Preferred Stock [Member]
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series B-1 Preferred Stock [Member]
Preferred stock, shares authorized	6,000,000	6,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series E Preferred Stock [Member]
Preferred stock, shares authorized	2,500,000	2,500,000
Preferred stock, shares issued	125,000	125,000
Preferred stock, shares outstanding	125,000	125,000
Preferred stock, liquidation preference per share	$ 0.40	$ 0.40
Series F Preferred Stock [Member]
Preferred stock, shares authorized	4,344,017	4,344,017
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues
Advertising	$ 5,716,779	$ 2,433,415	$ 9,175,943	$ 4,833,135
Cost of revenue
Advertising	2,899,290	1,476,108	4,589,905	2,842,951
Gross profit	2,817,489	957,307	4,586,038	1,990,184
Selling, general and administrative expenses	3,443,199	4,749,835	7,330,558	9,024,269
Loss from operations	(625,710)	(3,792,528)	(2,744,520)	(7,034,085)
Other income (expense)
Gain on forgiveness of PPP loan	295,600		1,137,140	1,706,735
Other income (expense)	39,059	(82,357)	38,902	39,473
Interest expense	(722)	(75,211)	(735)	(336,206)
Interest expense - related party	(895,745)	(539,215)	(1,735,162)	(574,503)
Total other income (expense)	(561,808)	(696,783)	(559,855)	835,499
Net loss before tax	(1,187,518)	(4,489,311)	(3,304,375)	(6,198,586)
Income tax expense
Net loss	(1,187,518)	(4,489,311)	(3,304,375)	(6,198,586)
Preferred stock dividends
Series A, Series E, and Series F preferred stock	(1,247)	(89,958)	(2,480)	(178,936)
Net loss attributable to common shareholders	(1,188,765)	(4,579,269)	(3,306,855)	(6,377,522)
Other comprehensive income (loss)	16,709	(82,324)	16,790	(113,613)
Comprehensive loss	$ (1,172,056)	$ (4,661,593)	$ (3,290,065)	$ (6,491,135)
Basic and diluted net loss per share	$ (0.01)	$ (0.04)	$ (0.02)	$ (0.05)
Weighted average shares outstanding - basic and diluted	149,159,461	120,353,074	149,130,579	119,652,844

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Change in Shareholders' (Deficit) Equity (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 80,440	$ 1,181,622	$ (219,837)	$ 96,427,166	$ (93,932,080)	$ (22,665)	$ 3,514,646
Beginning balance, shares at Dec. 31, 2020	8,044,017	118,162,150	(825,175)
Net loss					(1,709,275)		(1,709,275)
Series A-1, E and F preferred stock dividend				(88,978)			(88,978)
Stock option vesting expense				68,294			68,294
To Oceanside personnel as part of acquisition agreement		$ 3,793		603,033			606,826
To Oceanside personnel as part of acquisition agreement, shares		379,266
Adjustment for currency translation						(8,624)	(8,624)
Options exercise		$ 1,000		12,900			13,900
Options exercise, shares		100,000
Warrants exercise		$ 250		9,750			10,000
Warrants exercise, shares		25,000
To Centre Lane Partners as part of debt financing, shares		3,150,000
Ending balance, value at Mar. 31, 2021	$ 80,440	$ 1,186,665	$ (219,837)	97,032,165	(95,641,355)	(31,289)	2,406,789
Ending balance, shares at Mar. 31, 2021	8,044,017	118,666,416	(825,175)
Beginning balance, value at Dec. 31, 2020	$ 80,440	$ 1,181,622	$ (219,837)	96,427,166	(93,932,080)	(22,665)	3,514,646
Beginning balance, shares at Dec. 31, 2020	8,044,017	118,162,150	(825,175)
Net loss							(6,198,586)
Ending balance, value at Jun. 30, 2021	$ 80,440	$ 1,218,165	$ (219,837)	99,480,977	(100,130,666)	(113,613)	315,466
Ending balance, shares at Jun. 30, 2021	8,044,017	121,816,416	(825,175)
Beginning balance, value at Mar. 31, 2021	$ 80,440	$ 1,186,665	$ (219,837)	97,032,165	(95,641,355)	(31,289)	2,406,789
Beginning balance, shares at Mar. 31, 2021	8,044,017	118,666,416	(825,175)
Net loss					(4,489,311)		(4,489,311)
Series A-1, E and F preferred stock dividend				(89,958)			(89,958)
Stock option vesting expense				73,214			73,214
Adjustment for currency translation						(82,324)	(82,324)
To Centre Lane Partners as part of debt financing		$ 31,500		2,465,556			2,497,056
Ending balance, value at Jun. 30, 2021	$ 80,440	$ 1,218,165	$ (219,837)	99,480,977	(100,130,666)	(113,613)	315,466
Ending balance, shares at Jun. 30, 2021	8,044,017	121,816,416	(825,175)
Beginning balance, value at Dec. 31, 2021	$ 1,250	$ 1,498,103	$ (219,837)	98,128,948	(106,144,065)	12,461	(6,723,140)
Beginning balance, shares at Dec. 31, 2021	125,000	149,810,383	(825,175)
Net loss					(2,116,857)		(2,116,857)
Series A-1, E and F preferred stock dividend				(1,233)			(1,233)
Stock option vesting expense				28,916			28,916
To Oceanside personnel as part of acquisition agreement		$ 1,743		277,062			278,805
To Oceanside personnel as part of acquisition agreement, shares		174,253
Adjustment for currency translation						81	81
Ending balance, value at Mar. 31, 2022	$ 1,250	$ 1,499,846	$ (219,837)	98,433,693	(108,260,922)	12,542	(8,533,428)
Ending balance, shares at Mar. 31, 2022	125,000	149,984,636	(825,175)
Beginning balance, value at Dec. 31, 2021	$ 1,250	$ 1,498,103	$ (219,837)	98,128,948	(106,144,065)	12,461	(6,723,140)
Beginning balance, shares at Dec. 31, 2021	125,000	149,810,383	(825,175)
Net loss							$ (3,304,375)
Options exercise, shares
Ending balance, value at Jun. 30, 2022	$ 1,250	$ 1,499,846	$ (219,837)	98,462,565	(109,448,440)	29,251	$ (9,675,365)
Ending balance, shares at Jun. 30, 2022	125,000	149,984,636	(825,175)
Beginning balance, value at Mar. 31, 2022	$ 1,250	$ 1,499,846	$ (219,837)	98,433,693	(108,260,922)	12,542	(8,533,428)
Beginning balance, shares at Mar. 31, 2022	125,000	149,984,636	(825,175)
Net loss					(1,187,518)		(1,187,518)
Series A-1, E and F preferred stock dividend				(1,247)			(1,247)
Stock option vesting expense				30,119			30,119
Adjustment for currency translation						16,709	16,709
Ending balance, value at Jun. 30, 2022	$ 1,250	$ 1,499,846	$ (219,837)	$ 98,462,565	$ (109,448,440)	$ 29,251	$ (9,675,365)
Ending balance, shares at Jun. 30, 2022	125,000	149,984,636	(825,175)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net loss	$ (3,304,375)	$ (6,198,586)
Adjustments to reconcile net loss to net cash used in operations:
Depreciation	11,853	34,534
Amortization of debt discount	613,155	145,444
Amortization	786,006	792,533
Stock option compensation expense	59,035	141,507
Stock compensation for Oceanside shares	116,744	606,826
Gain on forgiveness of PPP loan	(1,137,140)	(1,706,735)
Write off doubtful accounts		(239,575)
Warrant expense for services rendered		10,000
Provision for (Recovery of) bad debt	222,279	(141,070)
Changes in operating assets and liabilities:
Accounts receivable	(146,062)	4,395,054
Prepaid expenses and other current assets	318,595	352,384
Other assets	5,505	(7,069)
Right of use asset and lease liability	4,030	(129)
Accounts payable	67,295	(807,053)
Accrued expenses	(765,736)	133,846
Accrued interest – related party	1,122,007	429,059
Deferred revenues	(538,796)
Net cash used in operating activities	(2,565,605)	(2,059,030)
Cash flows from investing activities:
Purchase of property and equipment	(3,824)	(5,337)
Net cash used in investing activities	(3,824)	(5,337)
Cash flows from financing activities:
Payments of premium finance loan payable	(248,573)	(222,745)
Proceeds from stock option exercises		13,900
Dividend payments	(2,069)	2,522
Principal payments received (funded) for notes receivable	5,939	(6,977)
Proceeds from related party debt financing	2,700,000	1,500,000
Repayments of debt	(250,000)
Proceeds from PPP loan		1,137,140
Net cash provided by financing activities	2,205,297	2,423,840
Net (decrease) increase in cash and cash equivalents	(364,132)	359,473
Cash and cash equivalents at the beginning of period	781,320	736,046
Cash and cash equivalents at end of period	417,188	1,095,519
Supplemental disclosure of cash flow information
Cash paid for Interest
Supplemental disclosure of non-cash investing and financing activities
Recognition of right-of-use asset and operating lease liability	691,340
Issuance of common shares to Oceanside to settle share liability	162,061
Issuance of common stock to Centre Lane for debt issuance		$ 2,497,056

NATURE OF OPERATIONS AND SUMMAR

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization and Nature of Operations Bright Mountain Media, Inc. (the “Company” or “Bright Mountain” or “We”) is a Florida corporation formed on May 20, 2010. Its wholly owned subsidiary, Bright Mountain LLC, was formed as a Florida limited liability company in May 2011. Its wholly owned subsidiary, Bright Mountain, LLC (“BMLLC”) F/K/A Daily Engage Media Group, LLC (“Daily Engage”) was formed as a New Jersey limited liability company in February 2015. In August 2019, Bright Mountain Israel Acquisition, an Israeli company was formed and acquired the wholly owned subsidiary Slutzky & Winshman Ltd. (“S&W”) which then changed its name to Oceanside Media LLC (“Oceanside”). Further, on November 18, 2019, Bright Mountain, through its wholly owned subsidiary BMTM2, Inc., a Florida corporation, acquired News Distribution Network, Inc. (“NDN”), a Delaware company, which then changed its name to MediaHouse, Inc. (“MediaHouse”). On June 1, 2020, Bright Mountain acquired the wholly owned subsidiary CL Media Holdings, LLC D/B/A “Wild Sky Media” (“Wild Sky”). When used herein, the terms “BMTM, the “Company,” “we,” “us,” “our” or “Bright Mountain” refers to Bright Mountain Media, Inc. and its subsidiaries. The Company is engaged in operating a proprietary, end-to-end digital media and advertising services platform designed to connect brand advertisers with demographically-targeted consumers – both large audiences and more granular segments – across digital, social and connected television (CTV) publishing formats. We define “end-to-end” as our process for taking ad buying from beginning to end, delivering a complete functional solution, usually without requiring any involvement from a third party. Through acquisitions and organic software development initiatives, we have consolidated and plan to further condense key elements of the prevailing digital advertising supply chain through the elimination of industry “middlemen” and/or costly redundancy of services via our ad exchange network. Our aim is to enable and support a streamlined, end-to-end advertising model that addresses both demand (ad buy side) and supply (media sell side) for both direct sales teams and programmatic sales and publishing of digital advertisements that reach specific target audiences based on what, where, when and how that specific target audience elects to access certain web and/or streaming video content. Programmatic advertising relies on computer programs to use data and proprietary algorithms to select which ads to buy and for what price, while direct sales involve traditional interpersonal contact between ad buyers and advertising sales representative(s). By selling advertisements on our current portfolio of 20 owned and operated websites and 13 CTV apps, coupled with acquisition or development of other niche web properties in the future, we are building depth in specific demographic verticals that allow us to package audiences into targeted consumer categories valued by advertisers. Oceanside provides digital performance-based marketing services to customers which include primarily advertisers and advertising agencies that promote or sell products and/or services to consumers through digital media. MediaHouse partners with content producers and online news market websites to distribute video and banner advertisements throughout the United States of America (“U.S.”). Wild Sky owns and operates a collection of websites that offer significant global reach through its content and niche audiences and has become a wholly-owned subsidiary of the Company. Wild Sky is the home to parenting and lifestyle brands.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 2 - GOING CONCERN These condensed consolidated financial statements have been prepared on a going concern basis which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company’s management has evaluated whether there is substantial doubt about the Company’s ability to continue as a going concern and has determined that substantial doubt existed as of the date of the end of the period. This determination was based on the following factors: (i) The Company has sustained a net loss of $ 3,304,375 2,565,605 109,448,440 The Company’s continuation as a going concern is dependent upon its ability to generate revenues, control its expenses and its ability to continue obtaining investment capital and loans from related parties and outside investors to sustain its current level of operations. Management continues raising capital through private placements and is exploring additional avenues for future fund-raising through both public and private sources. The Company is not currently involved in any binding agreements to raise private equity capital. The accompanying condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation and Basis of Presentation The unaudited condensed consolidated financial statements include the accounts of the Company and all of its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated. The accompanying unaudited financial statements for the three and six months ended June 30, 2022 and 2021 have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) applicable to interim financial information and the requirements of Form 10-Q and Article 8 of Regulation S-X of the Securities Act of 1933. Accordingly, they do not include all of the information and disclosures required by accounting principles generally accepted in the United States for complete consolidated financial statements. In the opinion of management, such unaudited condensed consolidated financial statements include all adjustments (consisting of normal recurring accruals) necessary for the fair presentation of the condensed consolidated financial position and the condensed consolidated results of operations. The condensed consolidated results of operations for periods presented are not necessarily indicative of the results to be expected for the full year or any future periods. The condensed consolidated balance sheet information as of December 31, 2021 was derived from the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on June 13, 2022. The interim condensed consolidated financial statements should be read in conjunction with that report. Prior Period Reclassification During the June 30, 2022 quarterly financial reporting close process, the Company identified an immaterial reclassification impacting the three months ended March 31, 2022. Specifically, the Company identified a reclassification of commissions from selling, general and administrative expenses to cost of revenue on the condensed consolidated statements of operations. This reclassification had no impact on the previously reported net loss for the three months ended March 31, 2022. Revenue Recognition The Company recognizes revenue in accordance with Financial Accounting Standards Board (“FASB”) ASC Topic 606, Revenue from Contracts with Customers To determine revenue recognition for arrangements that the Company determines are within the scope of ASC 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that Company will collect the consideration it is entitled to in exchange for the advertising services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of ASC 606, the Company assesses the advertising services promised within each contract and determines those that are performance obligations and assesses whether each promised advertising service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation based on relative fair values, when (or as) the performance obligation is satisfied. The Company recognizes revenue from its own advertising platform, ad network partners and websites (“Ad Network”) through its publishing advertiser impressions and pay-for-click services, the Company’s owned and operated sites, our ad network, or platforms. Invalid traffic on the Ad Network may impact the amount collected and adjusted by our Ad Network. The Company has one revenue stream generated directly from publishing advertisements, whether on the Company’s owned and operated sites, our ad network, or platforms. The revenue is earned when the website visitors view or click the published website advertisements. Specific revenue recognition criteria for the advertising revenue stream is as follows: ● Advertising revenues are generated by website visitors viewing or “clicking” on website advertisements utilizing direct-sold campaigns or several ad network partners. ● Revenues are recognized net of adjustments based on the traffic generated and is billed monthly. The Company subsequently settles these transactions with publishers at which time adjustments for invalid traffic may impact the amount collected. There are no significant initial costs incurred to obtain contracts with customers, and no contract assets or recorded in our condensed consolidated financial statements. Leases The Company records leases in accordance with FASB ASC Topic 842, Leases The Company determines if an arrangement is a lease at inception. Operating lease right-of-use assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease terms. Since the Company’s lease agreements does not provide an implicit rate, the Company estimated an incremental borrowing rate based on the information available in determining the present value of lease payments. Operating lease expense is recognized on a straight-line basis over the lease term, subject to any changes in the lease or expectations regarding the terms. Variable lease costs such as operating costs and property taxes are expensed as incurred. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make certain estimates, judgments, and assumptions. We believe that the estimates, judgments, and assumptions upon which we rely are reasonable based upon information available to us at the time that these estimates, judgments, and assumptions are made. These estimates, judgments, and assumptions can affect the reported amounts of assets and liabilities as of the date of our condensed consolidated financial statements as well as reported amounts of revenue and expenses during the periods presented. Our condensed consolidated financial statements would be affected to the extent there are material differences between these estimates and actual results. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its application. There are also areas in which management’s judgment in selecting any available alternative would not produce a materially different result. Significant estimates included in the accompanying condensed consolidated financial statements include revenue recognition, the fair value of acquired assets for purchase price allocation in business combinations, valuation of goodwill and intangible assets, estimates of amortization period for intangible assets, estimates of depreciation period for fixed assets, the valuation of equity-based transactions, and the valuation allowance on deferred tax assets. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents are all maintained in bank accounts in the U.S. and other foreign countries in which the Company operates. Cash maintained in bank accounts outside of the U.S. is not significant. At June 30 2022 and December 31, 2021, the Company had $ 417,188 781,320 Credit Risk The Company maintains certain of its cash balances in various U.S. banks, which at times, may exceed federally insured limits. The Company has not incurred any losses on these accounts. In addition, the Company maintains various bank accounts in Thailand and Israel, which are not insured. During the three and six months ended June 30, 2022 and 2021, and the year ended December 31, 2021, we have not incurred material losses on these uninsured accounts. The Company minimizes the concentration of credit risk associated with its cash by maintaining its cash with high quality federally insured financial institutions. The Company performs ongoing evaluations of its trade accounts receivable customers and generally does not require collateral. Fair Value of Financial Instruments and Fair Value Measurements FASB ASC Topic 820, Fair Value Measurement and Disclosures The Company measures its financial assets and liabilities in accordance with GAAP. For certain of our financial instruments, including cash, accounts payable, accrued expenses, and the short-term portion of long-term debt, the carrying amounts approximate fair value due to their short maturities. We adopted accounting guidance for fair values measurements and disclosures (ASC 820). The guidance utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active; and Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use. Financial instruments recognized in the condensed consolidated balance sheets consist of cash, accounts receivable, note receivable, accounts payable, accrued expenses and premium finance loan payable. The Company believes that the carrying value of its current financial instruments approximates their fair values due to the short-term nature of these instruments. The carrying value of long-term debt to related parties and long-term debt to others approximates the carrying value for similar debt instruments. Financial Disclosures about Fair Value of Financial Instruments The tables below set forth information related to the Company’s financial instruments (in thousands): SCHEDULE OF FINANCIAL INSTRUMENTS Level in Fair June 30, 2022 December 31, 2021 Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value PPP Loan 2 $ - $ - $ 1,137,140 $ 1,137,140 Long-term debt to related parties, gross 3 $ 29,616,564 $ 29,616,564 $ 26,414,064 $ 26,414,064 Non-interest bearing BMLLC acquisition debt 2 $ - $ - $ 250,000 $ 250,000 The following are the major categories of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of June 30, 2022 and 2021: Fair Value measurement using Level 3 SCHEDULE OF FAIR VALUE OF LIABILITIES ON RECURRING BASIS Balance at December 31, 2020 $ 16,916,705 Reclassification (1) (464,800 ) Balance at March 31, 2021 $ 16,451,905 Extinguishment (2) (16,451,905 ) Acquisition debt, Wild Sky, related party 17,376,834 Addition: Related party debt (3) 2,285,000 Addition: Related part debt (4) 80,000 Decrease: Related party debt amortization 328,922 Total Debt 19,741,834 Less: debt discount, related party (5) (3,163,451 ) Less: current portion of long-term debt, related party (2,729,200 ) Balance at June 30, 2021 $ 13,849,183 Total long term debt to related parties at December 31, 2021 $ 22,533,971 Addition: Related party debt (6) 1,400,000 Decrease: Related party debt amortization (7) 256,083 Total long term debt to related parties at March 31, 2022 $ 24,190,054 Addition: Related party debt (6) 1,300,000 Decrease: Related party debt amortization (7) 328,922 Less: current portion of long-term debt, related party (3,632,192 ) Total long term debt to related parties at June 30, 2022 $ 22,186,784 (1) Related to reclassification of Bright Mountain PPP loan (2) Centre Lane determined to be related party (See note 14) and applying FASB ASC Topic 470, Debt (3) Centre Lane debt financing on May 26, 2021 (4) Note payable to the Company’s Chairman of the Board (5) Debt discount for Centre Lane debt and Note payable to the Company’s Chairman of the Board (6) Centre Lane debt financing from January 1, 2022 through June 30, 2022 (7) Debt discount additions and debt discount amortization on related party financings for the three and six months ended June 30, 2022 Off-balance sheet arrangements There are no off-balance sheet arrangements as of June 30, 2022 and December 31, 2021. Accounts Receivable Accounts receivable represent receivables from customers in the ordinary course of business. These are recorded at invoice amount on the date revenue is recognized. Receivables are recorded net of the allowance for doubtful accounts in the accompanying condensed consolidated balance sheets. The Company provides allowances for doubtful accounts for estimated losses resulting from the inability of its customers to repay their obligation. If the financial condition of the Company’s customers were to deteriorate, resulting in an impairment of their ability to repay, additional allowances may be required. The Company provides for potential uncollectible accounts receivable based on specific customer identification and historical collection experience adjusted for existing market conditions. If market conditions decline, actual collection experience may not meet expectations and may result in decreased cash flows and increased bad debt expense. The Company is also subject to adjustments from traffic settlements that are deducted from open invoices. The policy for determining past due status is based on the contractual payment terms of each customer, which are generally net 30 or net 60 days. Once collection efforts by the Company and its collection agency are exhausted, the determination for charging off uncollectible receivables is made. As of June 30, 2022 and December 31, 2021, the Company has recorded an allowance for doubtful accounts of $ 718,318 495,396 Property and Equipment Property and equipment are recorded at cost, less accumulated depreciation. Depreciation is computed using the straight-line method based on the estimated useful lives of the related assets. Leasehold improvements are amortized over the lesser of the lease term or the useful life of the improvements. Website Development Costs The Company accounts for its website development costs in accordance with FASB ASC Topic 350-50, Website Development Costs As of June 30, 2022 and December 31, 2021, all website development costs have been expensed. While it is likely that we will have significant amortization expense as we continue to acquire websites, we believe that intangible assets represent costs incurred by the acquired website to build value prior to acquisition and the related amortization and impairment charges of assets, if applicable, are not ongoing costs of doing business. Amortization and Impairment of Long-Lived Assets The Company evaluates long-lived assets, including amortizable intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Upon such an occurrence, recoverability of assets to be held and used is measured by comparing the carrying amount of an asset to forecasted undiscounted future net cash flows expected to be generated by the asset. If the carrying amount of the asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. For long-lived assets held for sale, assets are written down to fair value, less cost to sell. Fair value is determined based on discounted cash flows, appraised values or management’s estimates, depending upon the nature of the assets. Stock-Based Compensation The Company accounts for share-based compensation related to instruments issued to employees and non-employees under GAAP, which requires the measurement and recognition compensation costs for all equity-based payment awards based on estimated fair values. The value of the portion of an employee award that is ultimately expected to vest is recognized as an expense over the requisite service periods using the straight-line attribution method. The Company estimates the fair value of stock options by using the Black-Scholes option-pricing model. Share-based compensation expense is included in selling, general and administrative expenses on the accompanying condensed consolidated statements of operations and comprehensive loss. We have elected to account for forfeitures as they occur. Advertising, Marketing and Promotion Costs Advertising and marketing expenses are expensed as incurred and are included in selling, general and administrative expenses on the accompanying consolidated statements of operations and comprehensive loss. For the three months ended June 30, 2022 and 2021, advertising, marketing and promotion expense was $ 12,400 16,087 18,109 28,702 Foreign currency translation Assets and liabilities of the Company’s Israeli subsidiary are translated from Israeli shekels to United States dollars at exchange rates in effect at the balance sheet date. Income and expenses are translated at the exchange rates for the weighted average rates for the period. The translation adjustments for the reporting period will be included in our statements of comprehensive income. Based on the foreign subsidiaries’ activities the impact of the currency exchange is immaterial for the three and six months ended June 30, 2022 and 2021. Income Taxes The Company follows the provisions of FASB ASC Topic 740-10, Income Taxes – Overall As of June 30, 2022, tax years 2018 through 2021 remain open for Internal Revenue Service (“IRS”) audit. The Company has not received any notice of audit or notifications from the IRS for any of the open tax years. Concentrations The Company generates revenues from through Ad Exchange Networks and through our Owned and Operated Ad Exchange Network. There was one customer who accounted for approximately 41.7 34.9 12 12 As of June 30, 2022, one customer accounted for more than 10 30.9 10 13.1 12.0 10 10.9 10 11.2 Basic and Diluted Net Earnings (Loss) Per Common Share Earnings (loss) per share is calculated and reported under the “two-class” method. The “two-class” method is an earnings allocation method under which earnings per share is calculated for each class of common stock and participating security considering both dividends declared or accumulated and participation rights in undistributed earnings as if all such earnings had been distributed during the period. The Company has convertible preferred stock which have a right to participate in dividends; these are deemed to be participating securities. During periods of loss, there is no allocation required under the two-class method since the participating securities do not have a contractual obligation to fund the losses of the Company. When applicable, basic earnings (loss) per share is calculated by dividing net income, after deducting dividends on convertible preferred stock and participating securities as well as undistributed earnings allocated to participating securities, by the average number of common shares outstanding during the period. Diluted earnings (loss) per share is calculated in a similar manner after consideration of the potential dilutive effect of common stock equivalents on the average number of common shares outstanding during the period. Common stock equivalents include warrants and stock options. Common stock equivalents are calculated based upon the treasury stock method using an average market price of common shares during the period. Dilution is not considered when a net loss is reported. Common stock equivalents that have an antidilutive effect are excluded from the computation of diluted earnings per share. Segment Information The Company currently operates in one reporting segment. The services segment is focused on producing advertising revenue generated by users “clicking” on website advertisements utilizing several ad network partners, and direct advertisers and subscription revenue generated by the sale of access to career postings on one of our websites; however, the latter is insignificant. Recent Accounting Pronouncements In June 2016, the FASB issued Accounting Standards Update (“ASU”) No. 2016-13 (amended by ASU 2019-10), “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, regarding the measurement of credit losses for certain financial instruments.” which replaces the incurred loss model with a current expected credit loss (“CECL”) model. The CECL model is based on historical experience, adjusted for current conditions and reasonable and supportable forecasts. The Company is required to adopt the new guidance on January 1, 2023. The Company is currently evaluating the impact this guidance will have on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04 (amended by ASU 2019-10), “Intangibles – Goodwill and other (Topic 350): Simplifying the Test for Goodwill Impairment.” Which simplifies the test for goodwill impairment by removing the second step of the test. There is a one-step qualitative test and does not amend the optional qualitative assessment of goodwill impairment. The new standard is effective January 1, 2023 and is not expected to have a material impact on the Company’s consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)”. The ASU simplifies the accounting for certain financial instruments with characteristics of liabilities and equity. The FASB reduced the number of accounting models for convertible debt and convertible preferred stock instruments and made certain disclosure amendments to improve the information provided to users. The new standard is effective January 1, 2024 (early adoption is permitted, but not earlier than January 1, 2021). The Company is currently evaluating the impact on the Company’s consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” which provides optional expedient and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. In response to the concerns about structural risks of interbank offered rates (“IBORs”) and, particularly, the risk of cessation of the LIBOR, regulators in several jurisdictions around the world have undertaken reference rate reform initiatives to identify alternative reference rates that are more observable or transaction based and less susceptible to manipulation. This accounting standards update provides companies with optional guidance to ease the potential accounting burden associated with transitioning away from reference rates that are expected to be discontinued. This new guidance may be adopted by the Company no later than December 1, 2022, with early adoption permitted. The potential adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.

PREPAID COSTS AND EXPENSES

PREPAID COSTS AND EXPENSES	6 Months Ended
	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID COSTS AND EXPENSES	NOTE 4 – PREPAID COSTS AND EXPENSES At June 30, 2022 and December 31, 2021, respectively, prepaid expenses and other current assets consisted of the following: SCHEDULE OF PREPAID COSTS AND EXPENSES June 30, 2022 December 31, 2021 Prepaid insurance $ 177,286 $ 427,461 Prepaid consulting service agreements – Spartan (1) 404,076 379,775 Prepaid software 153,509 - Prepaid expenses – other 31,136 97,480 Prepaid expenses and other current assets $ 766,007 $ 904,716 (1) Spartan Capital is a broker-dealer that has assisted the Company with a range of services including capital raising activities, M&A advisory, and consulting services. The Company has a five-year agreement with Spartan Capital for the provision of such services and any prepayments made under the terms of this agreement starting October 2018 were capitalized and amortized over the remaining life of the agreement.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 5 – PROPERTY AND EQUIPMENT At June 30, 2022 and December 31, 2021, respectively, property and equipment consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT Estimated Useful Life (Years) June 30, 2022 December 31, 2021 Furniture and fixtures 3 5 $ 40,541 $ 38,728 Computer equipment 3 116,948 176,624 Total property and equipment 157,489 215,352 Less: accumulated depreciation (103,546 ) (150,230 ) Total property and equipment, net $ 53,943 $ 65,122 Depreciation expense for the three months ended June 30, 2022 and 2021, was $ 8,468 16,487 Depreciation expense for the six months ended June 30, 2022 and 2021, was $ 11,853 34,534

WEBSITE ACQUISITION AND INTANGI

WEBSITE ACQUISITION AND INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
WEBSITE ACQUISITION AND INTANGIBLE ASSETS	NOTE 6 – WEBSITE ACQUISITION AND INTANGIBLE ASSETS At June 30, 2022 and December 31, 2021, respectively, website acquisitions, net consisted of the following: SCHEDULE OF WEBSITE ACQUISITIONS, NET June 30, 2022 December 31, 2021 Website acquisition assets $ 1,124,846 $ 1,124,846 Less: accumulated amortization (921,250 ) (920,450 ) Less: cumulative impairment loss (200,396 ) (200,396 ) Website Acquisition Assets, net $ 3,200 $ 4,000 At June 30, 2022 and December 31, 2021, respectively, intangible assets, net consisted of the following: SCHEDULE OF INTANGIBLE ASSETS Useful Lives June 30, 2022 December 31, 2021 Trade name 5 $ 3,749,600 $ 3,749,600 Customer relationships 5 16,184,000 16,184,000 IP/Technology 5 7,223,000 7,223,000 Non-compete agreements 3 5 1,154,500 1,154,500 Total Intangible Assets $ 28,311,100 $ 28,311,100 Less: accumulated amortization (6,544,842 ) (5,759,636 ) Less: accumulated impairment loss (16,486,929 ) (16,486,929 ) Intangible assets, net $ 5,279,329 $ 6,064,535 Amortization expense for the three months ended June 30, 2022 and 2021 was $ 389,739 395,868 786,006 792,533

GOODWILL

GOODWILL	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	NOTE 7 – GOODWILL The following table represents the allocation of Goodwill as of December 31, 2021 and June 30, 2022: SCHEDULE OF CHANGES GOODWILL Owned & Operated Ad Network Total December 31, 2021 $ 9,725,559 $ 9,919,909 $ 19,645,468 June 30, 2022 $ 9,725,559 $ 9,919,909 $ 19,645,468 Goodwill is tested for impairment at least annually and if triggering events are noted prior to the annual assessment. Impairment is deemed to occur when the carrying value of the Goodwill associated with the reporting unit exceeds the implied value of the Goodwill associated with the reporting unit. No triggering events were identified in the current period.

ACCRUED EXPENSES

ACCRUED EXPENSES	6 Months Ended
	Jun. 30, 2022
Payables and Accruals [Abstract]
ACCRUED EXPENSES	NOTE 8 – ACCRUED EXPENSES At June 30, 2022 and December 31, 2021, respectively, accrued expenses consisted of the following: SCHEDULE OF ACCRUED EXPENSES June 30, 2022 December 31, 2021 Accrued salaries and benefits $ 986,103 $ 1,459,299 Accrued dividends 691,861 691,861 Accrued traffic settlement (1) 10,254 10,254 Accrued legal settlement (2) 216,101 81,101 Accrued legal fees 139,786 182,537 Accrued other professional fees 219,136 592,421 Share issuance liability (4) 27,012 189,067 Accrued warrant penalty (3) 366,899 366,899 Accrued Value-Added Tax payable 47,545 - Other accrued expenses 132,582 191,226 Total accrued expenses $ 2,837,279 $ 3,764,665 (1) The Company negotiates with its publishing partners regarding questionable traffic to arrive at traffic settlements. (2) Accrued legal settlement related to the Encoding legal matter. See Note 10. (3) The Company has sold units of its securities to various investors in several private placements. As part of each private placement, the Company agreed to file a registration statement with the SEC to register the resale of the shares by the respective holder in order to permit the public resale; such filing deadlines ranged from 120 to 270 days following the closing date of the respective placement and the Company was liable to pay a penalty fee for failure to file the resale registration statement within the allotted timeframe. (4) Share issuance liability related to issuance of the Company’s common stock in connection with the Oceanside, MediaHouse and Wild Sky acquisitions and Oceanside employee share issuances.

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 9 – NOTES PAYABLE Long-term debt to related parties Centre Lane Partners Master Credit Fund II, L.P. (“Center Lane Partners”), who sold the Company the Wild Sky business in June 2020 has partnered and assisted the Company from a liquidity perspective starting in April 2021. This relationship has been determined to qualify as a related party. A related party is a party that can exercise significant influence over the Company in making financial and/or operating decisions. Effective June 1, 2020, the Company entered into a membership interest purchase agreement to acquire 100 16,451,905 15,000,000 900,000 500,000 6.0 This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023 On April 26, 2021, the Company and certain of its subsidiaries entered into a First Amendment to Amended and Restated Senior Secured Credit Agreement (the “First Amendment”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners as Administrative Agent and Collateral Agent dated June 5, 2020 (the “Credit Agreement”). The Credit Agreement was amended to permit the Company to raise up to $ 6,000,000 10.00 6.00 800,000 500,000 150,000 This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023 On May 26, 2021, the Company and certain of its subsidiaries entered into a Second amendment to the Amended and Restated Senior Secured Credit Agreement between itself and Centre Lane Partners (“the Second Amendment”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners as Administrative Agent and Collateral Agent dated June 5, 2020, as amended the Credit Agreement. The Credit Agreement was amended to provide for an additional loan amount of $ 1.5 This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023. 0.750 3.0 On August 12, 2021, the Company and certain of its subsidiaries entered into a Third amendment to the Amended and Restated Senior Secured Credit Agreement between itself and Centre Lane Partners (“the Third Amendment”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners as Administrative Agent and Collateral Agent dated June 5, 2020, as amended the Credit Agreement. The Credit Agreement was amended to provide for an additional loan amount of $ 0.5 This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023. 0.250 2.0 On August 31, 2021, the Company and certain of its subsidiaries entered into a Fourth amendment to the Amended and Restated Senior Secured Credit Agreement between itself and Centre Lane Partners (“the Fourth Amendment”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners as Administrative Agent and Collateral Agent dated June 5, 2020, as amended the Credit Agreement. The Credit Agreement was amended to provide for an additional loan amount of $ 1.1 This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023. 0.550 On October 8, 2021, the Company and certain of its subsidiaries entered into a Fifth amendment to the Amended and Restated Senior Secured Credit Agreement between itself and Centre Lane Partners (“the Fifth Amendment”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners as Administrative Agent and Collateral Agent dated June 5, 2020, as amended the Credit Agreement. The Credit Agreement was amended to provide for an additional loan amount of $ 725,000 This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023. 800,000 On November 5, 2021, the Company and certain of its subsidiaries entered into a Sixth amendment to the Amended and Restated Senior Secured Credit Agreement between itself and Centre Lane Partners (“the Sixth Amendment”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners as Administrative Agent and Collateral Agent dated June 5, 2020, as amended the Credit Agreement. The Credit Agreement was amended to provide for an additional loan amount of $ 800,000 This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023. 800,000 7,500,000 On December 23, 2021, the Company and certain of its subsidiaries entered into a Seventh amendment to the Amended and Restated Senior Secured Credit Agreement between itself and Centre Lane Partners (“the Seventh Amendment”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners as Administrative Agent and Collateral Agent dated June 5, 2020, as amended the Credit Agreement. The Credit Agreement was amended to provide for an additional loan amount of $ 500,000 This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023. 500,000 On January 26, 2022, the Company and certain of its subsidiaries entered into a Eighth amendment to the Amended and Restated Senior Secured Credit Agreement between itself and Centre Lane Partners (“the Eighth Amendment”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners as Administrative Agent and Collateral Agent dated June 5, 2020, as amended the Credit Agreement. The Credit Agreement was amended to provide for an additional loan amount of $ 350,000 This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023. 350,000 On February 11, 2022, the Company and certain of its subsidiaries entered into a Ninth amendment to the Amended and Restated Senior Secured Credit Agreement between itself and Centre Lane Partners (“the Ninth Amendment”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners as Administrative Agent and Collateral Agent dated June 5, 2020, as amended the Credit Agreement. The Credit Agreement was amended to provide for an additional loan amount of $ 250,000 This term loan shall be repaid by June 30, 2023. 12,500 12 10 On March 11, 2022, the Company and certain of its subsidiaries entered into a Tenth amendment to the Amended and Restated Senior Secured Credit Agreement between itself and Centre Lane Partners (“the Tenth Amendment”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners as Administrative Agent and Collateral Agent dated June 5, 2020, as amended the Credit Agreement. The Credit Agreement was amended to provide for an additional loan amount of $ 300,000 This term loan shall be repaid by June 30, 2023. 15,000 2.5 On March 25, 2022, the Company and certain of its subsidiaries entered into an Eleventh amendment to the Amended and Restated Senior Secured Credit Agreement between itself and Centre Lane Partners (“the Eleventh Amendment”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners as Administrative Agent and Collateral Agent dated June 5, 2020, as amended the Credit Agreement. The Credit Agreement was amended to provide for an additional loan amount of $ 500,000 This term loan shall be repaid by June 30, 2023. 25,000 On April 15, 2022, the Company and certain of its subsidiaries entered into a Twelfth amendment to the Amended and Restated Senior Secured Credit Agreement between itself and Centre Lane Partners (“the Twelfth Amendment”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners as Administrative Agent and Collateral Agent dated June 5, 2020, as amended the Credit Agreement. The Credit Agreement was amended to provide for an additional loan amount of $ 450,000 This term loan shall be repaid by June 30, 2023. 22,500 On May 10, 2022, the Company and certain of its subsidiaries entered into a Thirteenth amendment to the Amended and Restated Senior Secured Credit Agreement between itself and Centre Lane Partners (“the Thirteenth Amendment”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners as Administrative Agent and Collateral Agent dated June 5, 2020, as amended the Credit Agreement. The Credit Agreement was amended to provide for an additional loan amount of $ 500,000 This term loan shall be repaid by June 30, 2023. 25,000 On June 10, 2022, the Company and certain of its subsidiaries entered into a Fourteenth amendment to the Amended and Restated Senior Secured Credit Agreement between itself and Centre Lane Partners (“the Fourteenth Amendment”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners as Administrative Agent and Collateral Agent dated June 5, 2020, as amended the Credit Agreement. The Credit Agreement was amended to provide for an additional loan amount of $ 350,000 This term loan shall be repaid by June 30, 2023. 17,500 As part of these transactions and given that Centre Lane was determined to be a related party, an independent fair value analysis was performed by the Company and all related transactions were recorded accordingly. As of the First Amendment dated April 26, 2021, the Company evaluated the debt for extinguishment or debt modification under FASB ASC Topic 470-50, Debt – Modifications and Extinguishments, 2,363,986 1,500,000 750,000 3,000,000 904,637 500,000 250,000 2,000,000 322,529 1,100,000 550,000 560,783 725,000 362,500 2,635,013 800,000 800,000 902,745 500,000 500,000 510,783 350,000 350,000 352,520 250,000 12,500 19,700 300,000 15,000 25,125 500,000 25,000 29,050 450,000 22,500 36,002 500,000 25,000 38,502 350,000 17,500 31,002 The accumulated gross debt discount as of June 30, 2022 and December 31, 2021 totaled $ 8,732,377 8,200,476 856,574 360,903 1,657,251 360,903 On July 31, 2019, the Company executed a Share Exchange Agreement and Plan of Merger (the “Oceanside Merger Agreement”) with Slutzky & Winshman Ltd., an Israeli company (“Oceanside”) and the shareholders of Oceanside (the “Oceanside Shareholders”). The merger closed on August 15, 2019, and the Company acquired all of the outstanding shares of S&W. Pursuant to the terms of the Merger Agreement, the Company issued 12,513,227 20,021,163 750,000 Business Combinations 1.5 18 300,672 250,000 50,672 750,000 33,657 33,567 66,945 During November 2018, the Company issued 10% convertible promissory notes in the amount of $ 80,000 five years 0.40 70,000 The principal balance of these notes payable was $ 80,000 19,328 26,271 60,672 53,729 2,023 3,491 4,023 6,943 Long-term debt On February 17, 2021, under the Paycheck Protection Program (“PPP”) established by the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, administered by the Small Business Administration (“SBA”), the Company entered into a promissory note of $ 295,600 two 1.0% On March 23, 2021, under the Paycheck Protection Program (“PPP”) established by the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, administered by the Small Business Administration (“SBA”), the Company’s Wild Sky subsidiary entered into a promissory note of $ 841,540 two 1.0% On April 24, 2020, under the Paycheck Protection Program (“PPP”) established by the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, administered by the Small Business Administration (“SBA”), the Company entered into a promissory note of $ 464,800 two 1.0% Effective June 1, 2020, the Company acquired Wild Sky and assumed the $ 1,706,735 two 1.0% At June 30, 2022 and December 31, 2021, a summary of the Company’s debt is as follows: SCHEDULE OF LONG-TERM DEBT June 30, 2022 December 31, 2021 Non-interest bearing BMLLC acquisition debt $ - $ 250,000 PPP loans - 1,137,140 Wild Sky acquisition debt 18,181,564 18,146,564 Centre Lane debt 11,355,000 8,187,500 Note payable debt to the Company’s Chairman of the Board 80,000 80,000 Total Debt 29,616,564 27,801,204 Less: debt discount, related party (3,797,588 ) (3,880,093 ) Less: current portion of long-term debt - (1,387,140 ) Less: current portion of long-term debt, related party (3,632,192 ) (7,316,402 ) Long term debt to related parties, net and long term debt $ 22,186,784 $ 15,217,569 Interest expense was $ 895,745 539,216 1,735,162 574,504 The minimum annual principal payments of notes payable at June 30, 2022 were: SCHEDULE OF MATURITIES OF LONG-TERM OBLIGATION For the Twelve Months Ending: 2022 (remainder of the year) $ - 2023 4,527,348 2024 2,416,395 2025 22,672,821 Total $ 29,616,564 Premium Finance Loan Payable The Company generally finances its annual insurance premiums through the use of short-term notes, payable in 10 equal monthly installments. 406,522 380,397 Total Premium Finance Loan Payable balance for the Company’s policies was $ 85,711 334,284

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 10 – COMMITMENTS AND CONTINGENCIES The Company leases its corporate offices at 6400 Congress Avenue, Suite 2050, Boca Raton, Florida 33487 under a long-term non-cancellable operating lease agreement that expired on October 31, 2021 4,500 five years 7,719 11,893 Rent increases yearly at 3% from years two through five. The right-of-use asset and lease liability is as follows as of June 30, 2022 and December 31, 2021: SCHEDULE OF RIGHT OF USE ASSET AND LEASE LIABILITY June 30, 2022 December 31, 2021 Assets Operating lease right of use asset $ 687,310 $ - Liabilities Operating lease liability $ 691,340 $ - The Company’s non-lease components are primarily related to property maintenance and other operating services, which varies based on future outcomes and is recognized in rent expense when incurred and not included in the measurement of the lease liability. The Company did not have any variable lease payments for its operating lease for the three and six months ended June 30, 2022 and 2021. The maturity of the Company’s operating lease liability at June 30, 2022: SCHEDULE OF MATURITY OPERATING LEASE LIABILITY 2022 (remainder of year) $ 19,570 2023 108,060 2024 112,680 2025 117,038 2026 122,346 Thereafter 758,010 Total undiscounted operating lease payments 1,237,704 Less: Imputed interest (546,364 ) Present value of operating lease liability $ 691,340 The following summarizes additional information related to the operating lease: SCHEDULE OF ADDITIONAL INFORMATION RELATED TO OPERATING LEASE June 30, 2022 Weighted-average remaining lease term 10.1 Weighted-average discount rate 11.6 % For the three months ended June 30, 2022 and 2021, rent expense was $ 44,802 53,588 94,374 102,020 Legal From time-to-time, the Company may be involved in litigation or be subject to claims arising out of our operations or content appearing on our websites in the normal course of business. Although the results of litigation and claims cannot be predicted with certainty, the Company currently believes that the final outcome of these ordinary course matters will not have a material adverse effect on our business. In 2020, Synacor, Inc commenced an action against MediaHouse, LLC, Inform, Inc. and the Company, alleging approximately $ 230,000 12,000 40,000 160,000 A former employee of the Company filed a suit against the Company MediaHouse, Inc., and Gregory A. Peters, a former Executive, (the “Defendants”) alleging two counts of defamation. Any potential losses associated with this matter cannot be estimated at this time. Bright Mountain has been sued by plaintiffs Joey Winshman, Eli Desatnik and Nadav Slutzy (“Plaintiffs”) in a lawsuit filed in the United States District Court for the Southern District of Florida on December 17, 2021 (the “Lawsuit”). Plaintiffs allege that BMM defaulted on its obligations to Plaintiffs under three promissory notes that arose from the merger between Bright Mountain Israel Acquisition Ltd., a wholly owned subsidiary of Bright Mountain, and Slutzky & Winshman Ltd. Plaintiffs seek to recover from Bright Mountain the principal balance of the promissory notes, interest, attorney’s fees, and costs. Discovery in the Lawsuit is underway and the parties continue to intermittently explore the possibility of settlement. Encoding.com, Inc. (“Encoding”) was a former digital media customer of MediaHouse. Encoding had a long overdue outstanding receivable from MediaHouse’s predecessor company, Inform, Inc. MediaHouse did not assume the liability at acquisition. In 2020, the Company and Encoding agreed to settle the overdue receivable through the issuance of 175,000 1.00 Regardless of the outcome, litigation can have an adverse impact on our company because of defense and settlement costs, diversion of management resources and other factors.

PREFERRED STOCK

PREFERRED STOCK	6 Months Ended
	Jun. 30, 2022
Preferred Stock
PREFERRED STOCK	NOTE 11 – PREFERRED STOCK On August 31, 2021, W. Kip Speyer, the Company’s CEO, at that time, gave notice that all of his held preferred stock was converted in accordance with the original terms. Accordingly, 7,919,017 691,450 The Company has authorized 20,000,000 0.01 The Company’s board of directors has previously designated five series of preferred stock, consisting of 10% Series A Convertible Preferred Stock (“Series A Stock”), 10% Series B Convertible Preferred Stock (“Series B Stock”), 10% Series C Convertible Preferred Stock (“Series C Stock”), 10% Series D Convertible Preferred Stock (“Series D Stock”) and 10% Series E Convertible Preferred Stock (“Series E Stock”). The designations, rights and preferences of the Series F-1, Series F-2 and Series F-3 are identical, other than the dividend rate, liquidation preference and date of automatic conversion into shares of our common stock. The Series F-1 pays dividends at the rate of 12% 6% 10% ● the shares have no voting rights, except as may be provided under Florida law; ● the shares pay cash dividends subject to the provisions of Florida law at the dividend rates set forth above, payable monthly in arrears; ● the shares are convertible at any time at the option of the holder into shares of our common stock on a 1:1 basis. The conversion ratio is proportionally adjusted in the event of stock splits, recapitalization or similar corporate events. Any shares not previously converted will automatically convert into shares of our common stock on the dates set forth above; ● the shares rank junior to our 10% Series A Convertible Preferred Stock and our 10% Series E Convertible Preferred Stock; ● in the event of a liquidation or winding up of the Company, the shares have a liquidation preference of $ 0.50 0.50 0.40 ● the shares are not redeemable by the Company. At both June 30, 2022 and December 31, 2021 125,000 Other designations, rights and preferences of each of series of preferred stock are identical, including (i) shares do not have voting rights, except as may be permitted under Florida law, (ii) are convertible into shares of our common stock at the holder’s option on a one for one basis, (iii) are entitled to a liquidation preference equal to a return of the capital invested, and (iv) each share will automatically convert into shares of common stock five years from the date of issuance or upon a change in control. Both the voluntary and automatic conversion formulas are subject to proportional adjustment in the event of stock splits, stock dividends and similar corporate events. Dividends paid for Convertible Preferred Stock were $ 1,247 836 2,069 2,522 Total preferred stock dividend accrued amounted to $ 691,861

COMMON STOCK

COMMON STOCK	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
COMMON STOCK	NOTE 12 – COMMON STOCK A) Stock issued for Cash During the six months ended June 30, 2022 and 2021, the Company did not sell any of its securities through a private placement. B) Stock issued for services During the six months ended June 30, 2022, the Company issued 174,253 SCHEDULE OF COMMON SHARES ISSUED DURING THE PERIOD Shares (#) Value Shares issued to Oceanside employees per the acquisition agreement valued at $ 1.60 174,253 $ 278,805 Total 174,253 $ 278,805 During the six months ended June 30, 2021, the Company issued a net 3,654,266 Shares (#) Value Shares issued to Centre Lane related to debt financing 3,150,000 $ 2,497,056 Options exercised by employees 100,000 13,900 Warrants exercised 25,000 10,000 Shares issued to Oceanside employees per the acquisition agreement valued at $ 1.60 379,266 606,826 Total 3,654,266 $ 3,127,782 C) Stock issued for acquisitions During the six months ended June 30, 2022 and 2021, the Company did not make any acquisitions. D) Stock issued for deemed dividend During the six months ended June 30, 2022 and 2021, the Company did not issue any stock that resulted in a deemed dividend. Stock Option Compensation The Company accounts for stock option compensation issued to employees for services in accordance with FASB ASC Topic 718, Compensation – Stock Compensation Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. Stock options issued to consultants and other non-employees as compensation for services provided to the Company are accounted for based on the fair value of the services provided or the estimated fair market value of the option, whichever is more reliably measurable in accordance with FASB ASC Topic 505, Equity On April 14, 2022, the Board of Directors of the Company and the Compensation Committee of the Board adopted and approved the 2022 Bright Mountain Media Stock Option Plan (the “Stock Option Plan”). The Stock Option Plan will be presented for stockholder approval at the Company’s 2022 Annual Meeting of Stockholders. The Stock Option Plan provides for the grants of awards to eligible employees, directors and consultants in the form of stock options. The purpose of the 2022 Plan (the “Plan” is to provide an incentive to attract and retain directors, officers, consultants, advisors and employees whose services are considered valuable, to encourage a sense of proprietorship and to stimulate an active interest of such persons into our development and financial success. The Stock Option Plan is the successor to the Company’s prior stock option plans (2011, 2013, 2015, and 2019 Plans) and accordingly no new grants will be made under the prior plans from and after the date hereof. The Stock Option Plan is a term of 10 22,500,000 16,311,340 The Company estimates the fair value of share-based compensation utilizing the Black-Scholes option pricing model, which is dependent upon several variables such as the expected option term, expected volatility of our stock price over the expected option term, expected risk-free interest rate over the expected option term, expected dividend yield rate over the expected option term, and an estimate of expected forfeiture rates. The Company believes this valuation methodology is appropriate for estimating the fair value of stock options granted to employees and directors, which is subject to ASC 718 requirements. These amounts are estimates and thus may not be reflective of actual future results, nor amounts ultimately realized by recipients of these grants. The Company recognizes share-based compensation expense on a straight- line basis over the requisite service period for each award. The expected life is computed using the simplified method, which is the average of the vesting term and the contractual term. The expected volatility is based on an average of similar public company’s historical volatility as the Company’s stock has limited trading volume history. The risk-free interest rate is based on the U.S. Treasury yields with terms equivalent to the expected term of the related option at the time of the grant. Dividend yield is based on historical trends. While the Company believes these estimates are reasonable, the compensation expense recorded would increase if the expected life was increased, a higher expected volatility was used, or if the expected dividend yield increased. The Company recorded $ 30,119 74,722 59,035 143,016 As of June 30, 2022, there were total unrecognized compensation costs related to non-vested share-based compensation arrangements of $ 97,511 A summary of the Company’s stock option activity during the six months ended June 30, 2022 is presented below: SCHEDULE OF STOCK OPTION ACTIVITY Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Balance Outstanding, December 31, 2021 1,415,227 $ 0.62 6.2 $ — Granted 4,845,433 0.01 9.8 — Exercised — — — — Forfeited — — — — Expired (72,000 ) — — — Balance Outstanding, June 30, 2022 6,188,660 $ 0.31 8.0 $ — Exercisable at June 30, 2022 672,864 $ 0.73 3.4 $ — Summarized information with respect to options outstanding under the option plans at June 30, 2022 is as follows: SCHEDULE OF OPTIONS OUTSTANDING UNDER OPTION PLANS Options Outstanding Range or Number Outstanding Weighted Average Exercise Price Remaining Average Contractual Life (In Years) Number Exercisable Weighted Average Exercise Price $ 0.01 0.13 5,495,433 $ 0.01 9.8 37,500 $ 0.01 $ 0.25 0.49 54,000 0.28 1.0 54,000 0.28 $ 0.50 0.85 501,000 0.69 3.0 501,000 0.69 $ 0.86 1.75 138,227 1.64 7.4 80,364 1.63 Total 6,188,660 $ 0.10 9.1 672,864 $ 0.73

RELATED PARTIES

RELATED PARTIES	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTIES	NOTE 13 – RELATED PARTIES Centre Lane Partners Master Credit Fund II, L.P. (“Center Lane Partners”), who sold the Company the Wild Sky business in June 2020 has partnered and assisted the Company from a liquidity perspective during 2021 and through the three and six months ended June 30, 2022. This relationship has been determined to qualify as a related party. A related party is a party that can exercise significant influence over the Company in making financial and/or operating decisions. Through June 30, 2022, the Company has entered into fourteen amendments to the Amended and Restated Senior Secured Credit agreement between itself and Centre Lane Partners. See Note 9 - Notes Payable for more information. The total related party debt owed to Centre Lane Partners was $ 29,616,564 26,334,064 3,797,588 3,853,822 As discussed in Note 9, notes payable to the Chairman of the Board amounted to $ 60,672 53,729 19,328 26,271 During the three months ended June 30, 2022 and 2021, we paid cash dividends on the outstanding shares of the Company’s Series E and F Preferred Stock of $ 836 1,261 2,069 2,522 The unsecured and interest free Closing Notes of $ 750,000 the Closing Notes accrue interest at a 1.5% per month rate, or 18% annual rate 300,672 250,000 50,672 33,657 33,567 66,945

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 14 – INCOME TAXES The Company recorded $ 0 At June 30, 2022 and December 31, 2021, the Company had no

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 15 – SUBSEQUENT EVENTS On July 1, 2022, the Company filed an application with the OTCQB for a review of its candidature to be upgraded to the OTCQB exchange from the OTC Expert market as the Company is now current with its SEC filing obligations. This process is expected to take between eight to ten weeks. On July 8, 2022, the Company and certain of its subsidiaries entered into its fifteenth amendment to the Amended and Restated Senior Secured Credit Agreement between itself and Centre Lane Partners Master Credit Fund II, L.P. (“Centre Lane Partners”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners as Administrative Agent and Collateral Agent dated June 5, 2020, as amended (the “Credit Agreement”). The Credit Agreement was amended to provide for an additional loan amount of $ 350 June 30, 2023 18 The Company announced that it accepted the resignation of its Chief Financial Officer, Edward Cabanas on July 26, 2022, effective August 15, 2022, and appointed Miriam Martinez as the Company’s new Chief Financial Officer. Pursuant to an Offer Letter, Ms. Martinez will receive an annual base salary of $ 225,000 225,000

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The unaudited condensed consolidated financial statements include the accounts of the Company and all of its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated. The accompanying unaudited financial statements for the three and six months ended June 30, 2022 and 2021 have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) applicable to interim financial information and the requirements of Form 10-Q and Article 8 of Regulation S-X of the Securities Act of 1933. Accordingly, they do not include all of the information and disclosures required by accounting principles generally accepted in the United States for complete consolidated financial statements. In the opinion of management, such unaudited condensed consolidated financial statements include all adjustments (consisting of normal recurring accruals) necessary for the fair presentation of the condensed consolidated financial position and the condensed consolidated results of operations. The condensed consolidated results of operations for periods presented are not necessarily indicative of the results to be expected for the full year or any future periods. The condensed consolidated balance sheet information as of December 31, 2021 was derived from the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on June 13, 2022. The interim condensed consolidated financial statements should be read in conjunction with that report.
Prior Period Reclassification	Prior Period Reclassification During the June 30, 2022 quarterly financial reporting close process, the Company identified an immaterial reclassification impacting the three months ended March 31, 2022. Specifically, the Company identified a reclassification of commissions from selling, general and administrative expenses to cost of revenue on the condensed consolidated statements of operations. This reclassification had no impact on the previously reported net loss for the three months ended March 31, 2022.
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with Financial Accounting Standards Board (“FASB”) ASC Topic 606, Revenue from Contracts with Customers To determine revenue recognition for arrangements that the Company determines are within the scope of ASC 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that Company will collect the consideration it is entitled to in exchange for the advertising services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of ASC 606, the Company assesses the advertising services promised within each contract and determines those that are performance obligations and assesses whether each promised advertising service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation based on relative fair values, when (or as) the performance obligation is satisfied. The Company recognizes revenue from its own advertising platform, ad network partners and websites (“Ad Network”) through its publishing advertiser impressions and pay-for-click services, the Company’s owned and operated sites, our ad network, or platforms. Invalid traffic on the Ad Network may impact the amount collected and adjusted by our Ad Network. The Company has one revenue stream generated directly from publishing advertisements, whether on the Company’s owned and operated sites, our ad network, or platforms. The revenue is earned when the website visitors view or click the published website advertisements. Specific revenue recognition criteria for the advertising revenue stream is as follows: ● Advertising revenues are generated by website visitors viewing or “clicking” on website advertisements utilizing direct-sold campaigns or several ad network partners. ● Revenues are recognized net of adjustments based on the traffic generated and is billed monthly. The Company subsequently settles these transactions with publishers at which time adjustments for invalid traffic may impact the amount collected. There are no significant initial costs incurred to obtain contracts with customers, and no contract assets or recorded in our condensed consolidated financial statements.
Leases	Leases The Company records leases in accordance with FASB ASC Topic 842, Leases The Company determines if an arrangement is a lease at inception. Operating lease right-of-use assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease terms. Since the Company’s lease agreements does not provide an implicit rate, the Company estimated an incremental borrowing rate based on the information available in determining the present value of lease payments. Operating lease expense is recognized on a straight-line basis over the lease term, subject to any changes in the lease or expectations regarding the terms. Variable lease costs such as operating costs and property taxes are expensed as incurred.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make certain estimates, judgments, and assumptions. We believe that the estimates, judgments, and assumptions upon which we rely are reasonable based upon information available to us at the time that these estimates, judgments, and assumptions are made. These estimates, judgments, and assumptions can affect the reported amounts of assets and liabilities as of the date of our condensed consolidated financial statements as well as reported amounts of revenue and expenses during the periods presented. Our condensed consolidated financial statements would be affected to the extent there are material differences between these estimates and actual results. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its application. There are also areas in which management’s judgment in selecting any available alternative would not produce a materially different result. Significant estimates included in the accompanying condensed consolidated financial statements include revenue recognition, the fair value of acquired assets for purchase price allocation in business combinations, valuation of goodwill and intangible assets, estimates of amortization period for intangible assets, estimates of depreciation period for fixed assets, the valuation of equity-based transactions, and the valuation allowance on deferred tax assets.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents are all maintained in bank accounts in the U.S. and other foreign countries in which the Company operates. Cash maintained in bank accounts outside of the U.S. is not significant. At June 30 2022 and December 31, 2021, the Company had $ 417,188 781,320
Credit Risk	Credit Risk The Company maintains certain of its cash balances in various U.S. banks, which at times, may exceed federally insured limits. The Company has not incurred any losses on these accounts. In addition, the Company maintains various bank accounts in Thailand and Israel, which are not insured. During the three and six months ended June 30, 2022 and 2021, and the year ended December 31, 2021, we have not incurred material losses on these uninsured accounts. The Company minimizes the concentration of credit risk associated with its cash by maintaining its cash with high quality federally insured financial institutions. The Company performs ongoing evaluations of its trade accounts receivable customers and generally does not require collateral.
Fair Value of Financial Instruments and Fair Value Measurements	Fair Value of Financial Instruments and Fair Value Measurements FASB ASC Topic 820, Fair Value Measurement and Disclosures The Company measures its financial assets and liabilities in accordance with GAAP. For certain of our financial instruments, including cash, accounts payable, accrued expenses, and the short-term portion of long-term debt, the carrying amounts approximate fair value due to their short maturities. We adopted accounting guidance for fair values measurements and disclosures (ASC 820). The guidance utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active; and Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use. Financial instruments recognized in the condensed consolidated balance sheets consist of cash, accounts receivable, note receivable, accounts payable, accrued expenses and premium finance loan payable. The Company believes that the carrying value of its current financial instruments approximates their fair values due to the short-term nature of these instruments. The carrying value of long-term debt to related parties and long-term debt to others approximates the carrying value for similar debt instruments. Financial Disclosures about Fair Value of Financial Instruments The tables below set forth information related to the Company’s financial instruments (in thousands): SCHEDULE OF FINANCIAL INSTRUMENTS Level in Fair June 30, 2022 December 31, 2021 Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value PPP Loan 2 $ - $ - $ 1,137,140 $ 1,137,140 Long-term debt to related parties, gross 3 $ 29,616,564 $ 29,616,564 $ 26,414,064 $ 26,414,064 Non-interest bearing BMLLC acquisition debt 2 $ - $ - $ 250,000 $ 250,000 The following are the major categories of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of June 30, 2022 and 2021: Fair Value measurement using Level 3 SCHEDULE OF FAIR VALUE OF LIABILITIES ON RECURRING BASIS Balance at December 31, 2020 $ 16,916,705 Reclassification (1) (464,800 ) Balance at March 31, 2021 $ 16,451,905 Extinguishment (2) (16,451,905 ) Acquisition debt, Wild Sky, related party 17,376,834 Addition: Related party debt (3) 2,285,000 Addition: Related part debt (4) 80,000 Decrease: Related party debt amortization 328,922 Total Debt 19,741,834 Less: debt discount, related party (5) (3,163,451 ) Less: current portion of long-term debt, related party (2,729,200 ) Balance at June 30, 2021 $ 13,849,183 Total long term debt to related parties at December 31, 2021 $ 22,533,971 Addition: Related party debt (6) 1,400,000 Decrease: Related party debt amortization (7) 256,083 Total long term debt to related parties at March 31, 2022 $ 24,190,054 Addition: Related party debt (6) 1,300,000 Decrease: Related party debt amortization (7) 328,922 Less: current portion of long-term debt, related party (3,632,192 ) Total long term debt to related parties at June 30, 2022 $ 22,186,784 (1) Related to reclassification of Bright Mountain PPP loan (2) Centre Lane determined to be related party (See note 14) and applying FASB ASC Topic 470, Debt (3) Centre Lane debt financing on May 26, 2021 (4) Note payable to the Company’s Chairman of the Board (5) Debt discount for Centre Lane debt and Note payable to the Company’s Chairman of the Board (6) Centre Lane debt financing from January 1, 2022 through June 30, 2022 (7) Debt discount additions and debt discount amortization on related party financings for the three and six months ended June 30, 2022
Off-balance sheet arrangements	Off-balance sheet arrangements There are no off-balance sheet arrangements as of June 30, 2022 and December 31, 2021.
Accounts Receivable	Accounts Receivable Accounts receivable represent receivables from customers in the ordinary course of business. These are recorded at invoice amount on the date revenue is recognized. Receivables are recorded net of the allowance for doubtful accounts in the accompanying condensed consolidated balance sheets. The Company provides allowances for doubtful accounts for estimated losses resulting from the inability of its customers to repay their obligation. If the financial condition of the Company’s customers were to deteriorate, resulting in an impairment of their ability to repay, additional allowances may be required. The Company provides for potential uncollectible accounts receivable based on specific customer identification and historical collection experience adjusted for existing market conditions. If market conditions decline, actual collection experience may not meet expectations and may result in decreased cash flows and increased bad debt expense. The Company is also subject to adjustments from traffic settlements that are deducted from open invoices. The policy for determining past due status is based on the contractual payment terms of each customer, which are generally net 30 or net 60 days. Once collection efforts by the Company and its collection agency are exhausted, the determination for charging off uncollectible receivables is made. As of June 30, 2022 and December 31, 2021, the Company has recorded an allowance for doubtful accounts of $ 718,318 495,396
Property and Equipment	Property and Equipment Property and equipment are recorded at cost, less accumulated depreciation. Depreciation is computed using the straight-line method based on the estimated useful lives of the related assets. Leasehold improvements are amortized over the lesser of the lease term or the useful life of the improvements.
Website Development Costs	Website Development Costs The Company accounts for its website development costs in accordance with FASB ASC Topic 350-50, Website Development Costs As of June 30, 2022 and December 31, 2021, all website development costs have been expensed. While it is likely that we will have significant amortization expense as we continue to acquire websites, we believe that intangible assets represent costs incurred by the acquired website to build value prior to acquisition and the related amortization and impairment charges of assets, if applicable, are not ongoing costs of doing business.
Amortization and Impairment of Long-Lived Assets	Amortization and Impairment of Long-Lived Assets The Company evaluates long-lived assets, including amortizable intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Upon such an occurrence, recoverability of assets to be held and used is measured by comparing the carrying amount of an asset to forecasted undiscounted future net cash flows expected to be generated by the asset. If the carrying amount of the asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. For long-lived assets held for sale, assets are written down to fair value, less cost to sell. Fair value is determined based on discounted cash flows, appraised values or management’s estimates, depending upon the nature of the assets.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for share-based compensation related to instruments issued to employees and non-employees under GAAP, which requires the measurement and recognition compensation costs for all equity-based payment awards based on estimated fair values. The value of the portion of an employee award that is ultimately expected to vest is recognized as an expense over the requisite service periods using the straight-line attribution method. The Company estimates the fair value of stock options by using the Black-Scholes option-pricing model. Share-based compensation expense is included in selling, general and administrative expenses on the accompanying condensed consolidated statements of operations and comprehensive loss. We have elected to account for forfeitures as they occur.
Advertising, Marketing and Promotion Costs	Advertising, Marketing and Promotion Costs Advertising and marketing expenses are expensed as incurred and are included in selling, general and administrative expenses on the accompanying consolidated statements of operations and comprehensive loss. For the three months ended June 30, 2022 and 2021, advertising, marketing and promotion expense was $ 12,400 16,087 18,109 28,702
Foreign currency translation	Foreign currency translation Assets and liabilities of the Company’s Israeli subsidiary are translated from Israeli shekels to United States dollars at exchange rates in effect at the balance sheet date. Income and expenses are translated at the exchange rates for the weighted average rates for the period. The translation adjustments for the reporting period will be included in our statements of comprehensive income. Based on the foreign subsidiaries’ activities the impact of the currency exchange is immaterial for the three and six months ended June 30, 2022 and 2021.
Income Taxes	Income Taxes The Company follows the provisions of FASB ASC Topic 740-10, Income Taxes – Overall As of June 30, 2022, tax years 2018 through 2021 remain open for Internal Revenue Service (“IRS”) audit. The Company has not received any notice of audit or notifications from the IRS for any of the open tax years.
Concentrations	Concentrations The Company generates revenues from through Ad Exchange Networks and through our Owned and Operated Ad Exchange Network. There was one customer who accounted for approximately 41.7 34.9 12 12 As of June 30, 2022, one customer accounted for more than 10 30.9 10 13.1 12.0 10 10.9 10 11.2
Basic and Diluted Net Earnings (Loss) Per Common Share	Basic and Diluted Net Earnings (Loss) Per Common Share Earnings (loss) per share is calculated and reported under the “two-class” method. The “two-class” method is an earnings allocation method under which earnings per share is calculated for each class of common stock and participating security considering both dividends declared or accumulated and participation rights in undistributed earnings as if all such earnings had been distributed during the period. The Company has convertible preferred stock which have a right to participate in dividends; these are deemed to be participating securities. During periods of loss, there is no allocation required under the two-class method since the participating securities do not have a contractual obligation to fund the losses of the Company. When applicable, basic earnings (loss) per share is calculated by dividing net income, after deducting dividends on convertible preferred stock and participating securities as well as undistributed earnings allocated to participating securities, by the average number of common shares outstanding during the period. Diluted earnings (loss) per share is calculated in a similar manner after consideration of the potential dilutive effect of common stock equivalents on the average number of common shares outstanding during the period. Common stock equivalents include warrants and stock options. Common stock equivalents are calculated based upon the treasury stock method using an average market price of common shares during the period. Dilution is not considered when a net loss is reported. Common stock equivalents that have an antidilutive effect are excluded from the computation of diluted earnings per share.
Segment Information	Segment Information The Company currently operates in one reporting segment. The services segment is focused on producing advertising revenue generated by users “clicking” on website advertisements utilizing several ad network partners, and direct advertisers and subscription revenue generated by the sale of access to career postings on one of our websites; however, the latter is insignificant.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued Accounting Standards Update (“ASU”) No. 2016-13 (amended by ASU 2019-10), “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, regarding the measurement of credit losses for certain financial instruments.” which replaces the incurred loss model with a current expected credit loss (“CECL”) model. The CECL model is based on historical experience, adjusted for current conditions and reasonable and supportable forecasts. The Company is required to adopt the new guidance on January 1, 2023. The Company is currently evaluating the impact this guidance will have on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04 (amended by ASU 2019-10), “Intangibles – Goodwill and other (Topic 350): Simplifying the Test for Goodwill Impairment.” Which simplifies the test for goodwill impairment by removing the second step of the test. There is a one-step qualitative test and does not amend the optional qualitative assessment of goodwill impairment. The new standard is effective January 1, 2023 and is not expected to have a material impact on the Company’s consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)”. The ASU simplifies the accounting for certain financial instruments with characteristics of liabilities and equity. The FASB reduced the number of accounting models for convertible debt and convertible preferred stock instruments and made certain disclosure amendments to improve the information provided to users. The new standard is effective January 1, 2024 (early adoption is permitted, but not earlier than January 1, 2021). The Company is currently evaluating the impact on the Company’s consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” which provides optional expedient and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. In response to the concerns about structural risks of interbank offered rates (“IBORs”) and, particularly, the risk of cessation of the LIBOR, regulators in several jurisdictions around the world have undertaken reference rate reform initiatives to identify alternative reference rates that are more observable or transaction based and less susceptible to manipulation. This accounting standards update provides companies with optional guidance to ease the potential accounting burden associated with transitioning away from reference rates that are expected to be discontinued. This new guidance may be adopted by the Company no later than December 1, 2022, with early adoption permitted. The potential adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SCHEDULE OF FINANCIAL INSTRUMENTS	The tables below set forth information related to the Company’s financial instruments (in thousands): SCHEDULE OF FINANCIAL INSTRUMENTS Level in Fair June 30, 2022 December 31, 2021 Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value PPP Loan 2 $ - $ - $ 1,137,140 $ 1,137,140 Long-term debt to related parties, gross 3 $ 29,616,564 $ 29,616,564 $ 26,414,064 $ 26,414,064 Non-interest bearing BMLLC acquisition debt 2 $ - $ - $ 250,000 $ 250,000
SCHEDULE OF FAIR VALUE OF LIABILITIES ON RECURRING BASIS	The following are the major categories of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of June 30, 2022 and 2021: Fair Value measurement using Level 3 SCHEDULE OF FAIR VALUE OF LIABILITIES ON RECURRING BASIS Balance at December 31, 2020 $ 16,916,705 Reclassification (1) (464,800 ) Balance at March 31, 2021 $ 16,451,905 Extinguishment (2) (16,451,905 ) Acquisition debt, Wild Sky, related party 17,376,834 Addition: Related party debt (3) 2,285,000 Addition: Related part debt (4) 80,000 Decrease: Related party debt amortization 328,922 Total Debt 19,741,834 Less: debt discount, related party (5) (3,163,451 ) Less: current portion of long-term debt, related party (2,729,200 ) Balance at June 30, 2021 $ 13,849,183 Total long term debt to related parties at December 31, 2021 $ 22,533,971 Addition: Related party debt (6) 1,400,000 Decrease: Related party debt amortization (7) 256,083 Total long term debt to related parties at March 31, 2022 $ 24,190,054 Addition: Related party debt (6) 1,300,000 Decrease: Related party debt amortization (7) 328,922 Less: current portion of long-term debt, related party (3,632,192 ) Total long term debt to related parties at June 30, 2022 $ 22,186,784 (1) Related to reclassification of Bright Mountain PPP loan (2) Centre Lane determined to be related party (See note 14) and applying FASB ASC Topic 470, Debt (3) Centre Lane debt financing on May 26, 2021 (4) Note payable to the Company’s Chairman of the Board (5) Debt discount for Centre Lane debt and Note payable to the Company’s Chairman of the Board (6) Centre Lane debt financing from January 1, 2022 through June 30, 2022 (7) Debt discount additions and debt discount amortization on related party financings for the three and six months ended June 30, 2022

PREPAID COSTS AND EXPENSES (Tab

PREPAID COSTS AND EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF PREPAID COSTS AND EXPENSES	At June 30, 2022 and December 31, 2021, respectively, prepaid expenses and other current assets consisted of the following: SCHEDULE OF PREPAID COSTS AND EXPENSES June 30, 2022 December 31, 2021 Prepaid insurance $ 177,286 $ 427,461 Prepaid consulting service agreements – Spartan (1) 404,076 379,775 Prepaid software 153,509 - Prepaid expenses – other 31,136 97,480 Prepaid expenses and other current assets $ 766,007 $ 904,716 (1) Spartan Capital is a broker-dealer that has assisted the Company with a range of services including capital raising activities, M&A advisory, and consulting services. The Company has a five-year agreement with Spartan Capital for the provision of such services and any prepayments made under the terms of this agreement starting October 2018 were capitalized and amortized over the remaining life of the agreement.

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT	At June 30, 2022 and December 31, 2021, respectively, property and equipment consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT Estimated Useful Life (Years) June 30, 2022 December 31, 2021 Furniture and fixtures 3 5 $ 40,541 $ 38,728 Computer equipment 3 116,948 176,624 Total property and equipment 157,489 215,352 Less: accumulated depreciation (103,546 ) (150,230 ) Total property and equipment, net $ 53,943 $ 65,122

WEBSITE ACQUISITION AND INTAN_2

WEBSITE ACQUISITION AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF WEBSITE ACQUISITIONS, NET	At June 30, 2022 and December 31, 2021, respectively, website acquisitions, net consisted of the following: SCHEDULE OF WEBSITE ACQUISITIONS, NET June 30, 2022 December 31, 2021 Website acquisition assets $ 1,124,846 $ 1,124,846 Less: accumulated amortization (921,250 ) (920,450 ) Less: cumulative impairment loss (200,396 ) (200,396 ) Website Acquisition Assets, net $ 3,200 $ 4,000
SCHEDULE OF INTANGIBLE ASSETS	At June 30, 2022 and December 31, 2021, respectively, intangible assets, net consisted of the following: SCHEDULE OF INTANGIBLE ASSETS Useful Lives June 30, 2022 December 31, 2021 Trade name 5 $ 3,749,600 $ 3,749,600 Customer relationships 5 16,184,000 16,184,000 IP/Technology 5 7,223,000 7,223,000 Non-compete agreements 3 5 1,154,500 1,154,500 Total Intangible Assets $ 28,311,100 $ 28,311,100 Less: accumulated amortization (6,544,842 ) (5,759,636 ) Less: accumulated impairment loss (16,486,929 ) (16,486,929 ) Intangible assets, net $ 5,279,329 $ 6,064,535

GOODWILL (Tables)

GOODWILL (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF CHANGES GOODWILL	The following table represents the allocation of Goodwill as of December 31, 2021 and June 30, 2022: SCHEDULE OF CHANGES GOODWILL Owned & Operated Ad Network Total December 31, 2021 $ 9,725,559 $ 9,919,909 $ 19,645,468 June 30, 2022 $ 9,725,559 $ 9,919,909 $ 19,645,468

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2022
Payables and Accruals [Abstract]
SCHEDULE OF ACCRUED EXPENSES	At June 30, 2022 and December 31, 2021, respectively, accrued expenses consisted of the following: SCHEDULE OF ACCRUED EXPENSES June 30, 2022 December 31, 2021 Accrued salaries and benefits $ 986,103 $ 1,459,299 Accrued dividends 691,861 691,861 Accrued traffic settlement (1) 10,254 10,254 Accrued legal settlement (2) 216,101 81,101 Accrued legal fees 139,786 182,537 Accrued other professional fees 219,136 592,421 Share issuance liability (4) 27,012 189,067 Accrued warrant penalty (3) 366,899 366,899 Accrued Value-Added Tax payable 47,545 - Other accrued expenses 132,582 191,226 Total accrued expenses $ 2,837,279 $ 3,764,665 (1) The Company negotiates with its publishing partners regarding questionable traffic to arrive at traffic settlements. (2) Accrued legal settlement related to the Encoding legal matter. See Note 10. (3) The Company has sold units of its securities to various investors in several private placements. As part of each private placement, the Company agreed to file a registration statement with the SEC to register the resale of the shares by the respective holder in order to permit the public resale; such filing deadlines ranged from 120 to 270 days following the closing date of the respective placement and the Company was liable to pay a penalty fee for failure to file the resale registration statement within the allotted timeframe. (4) Share issuance liability related to issuance of the Company’s common stock in connection with the Oceanside, MediaHouse and Wild Sky acquisitions and Oceanside employee share issuances.

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
SCHEDULE OF LONG-TERM DEBT	At June 30, 2022 and December 31, 2021, a summary of the Company’s debt is as follows: SCHEDULE OF LONG-TERM DEBT June 30, 2022 December 31, 2021 Non-interest bearing BMLLC acquisition debt $ - $ 250,000 PPP loans - 1,137,140 Wild Sky acquisition debt 18,181,564 18,146,564 Centre Lane debt 11,355,000 8,187,500 Note payable debt to the Company’s Chairman of the Board 80,000 80,000 Total Debt 29,616,564 27,801,204 Less: debt discount, related party (3,797,588 ) (3,880,093 ) Less: current portion of long-term debt - (1,387,140 ) Less: current portion of long-term debt, related party (3,632,192 ) (7,316,402 ) Long term debt to related parties, net and long term debt $ 22,186,784 $ 15,217,569
SCHEDULE OF MATURITIES OF LONG-TERM OBLIGATION	The minimum annual principal payments of notes payable at June 30, 2022 were: SCHEDULE OF MATURITIES OF LONG-TERM OBLIGATION For the Twelve Months Ending: 2022 (remainder of the year) $ - 2023 4,527,348 2024 2,416,395 2025 22,672,821 Total $ 29,616,564

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF RIGHT OF USE ASSET AND LEASE LIABILITY	The right-of-use asset and lease liability is as follows as of June 30, 2022 and December 31, 2021: SCHEDULE OF RIGHT OF USE ASSET AND LEASE LIABILITY June 30, 2022 December 31, 2021 Assets Operating lease right of use asset $ 687,310 $ - Liabilities Operating lease liability $ 691,340 $ -
SCHEDULE OF MATURITY OPERATING LEASE LIABILITY	The maturity of the Company’s operating lease liability at June 30, 2022: SCHEDULE OF MATURITY OPERATING LEASE LIABILITY 2022 (remainder of year) $ 19,570 2023 108,060 2024 112,680 2025 117,038 2026 122,346 Thereafter 758,010 Total undiscounted operating lease payments 1,237,704 Less: Imputed interest (546,364 ) Present value of operating lease liability $ 691,340
SCHEDULE OF ADDITIONAL INFORMATION RELATED TO OPERATING LEASE	The following summarizes additional information related to the operating lease: SCHEDULE OF ADDITIONAL INFORMATION RELATED TO OPERATING LEASE June 30, 2022 Weighted-average remaining lease term 10.1 Weighted-average discount rate 11.6 %

COMMON STOCK (Tables)

COMMON STOCK (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
SCHEDULE OF COMMON SHARES ISSUED DURING THE PERIOD	During the six months ended June 30, 2022, the Company issued 174,253 SCHEDULE OF COMMON SHARES ISSUED DURING THE PERIOD Shares (#) Value Shares issued to Oceanside employees per the acquisition agreement valued at $ 1.60 174,253 $ 278,805 Total 174,253 $ 278,805 During the six months ended June 30, 2021, the Company issued a net 3,654,266 Shares (#) Value Shares issued to Centre Lane related to debt financing 3,150,000 $ 2,497,056 Options exercised by employees 100,000 13,900 Warrants exercised 25,000 10,000 Shares issued to Oceanside employees per the acquisition agreement valued at $ 1.60 379,266 606,826 Total 3,654,266 $ 3,127,782
SCHEDULE OF STOCK OPTION ACTIVITY	A summary of the Company’s stock option activity during the six months ended June 30, 2022 is presented below: SCHEDULE OF STOCK OPTION ACTIVITY Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Balance Outstanding, December 31, 2021 1,415,227 $ 0.62 6.2 $ — Granted 4,845,433 0.01 9.8 — Exercised — — — — Forfeited — — — — Expired (72,000 ) — — — Balance Outstanding, June 30, 2022 6,188,660 $ 0.31 8.0 $ — Exercisable at June 30, 2022 672,864 $ 0.73 3.4 $ —
SCHEDULE OF OPTIONS OUTSTANDING UNDER OPTION PLANS	Summarized information with respect to options outstanding under the option plans at June 30, 2022 is as follows: SCHEDULE OF OPTIONS OUTSTANDING UNDER OPTION PLANS Options Outstanding Range or Number Outstanding Weighted Average Exercise Price Remaining Average Contractual Life (In Years) Number Exercisable Weighted Average Exercise Price $ 0.01 0.13 5,495,433 $ 0.01 9.8 37,500 $ 0.01 $ 0.25 0.49 54,000 0.28 1.0 54,000 0.28 $ 0.50 0.85 501,000 0.69 3.0 501,000 0.69 $ 0.86 1.75 138,227 1.64 7.4 80,364 1.63 Total 6,188,660 $ 0.10 9.1 672,864 $ 0.73

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 1,187,518	$ 2,116,857	$ 4,489,311	$ 1,709,275	$ 3,304,375	$ 6,198,586
Net Cash used cash from operating activities					2,565,605	$ 2,059,030
Accumulated deficit	$ 109,448,440				$ 109,448,440		$ 106,144,065

SCHEDULE OF FINANCIAL INSTRUMEN

SCHEDULE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Fair value, PPP Loan		$ 1,137,140
Fair value, Long-term debt to related parties	(3,632,192)	(7,316,402)
Fair value, non-interest bearing BMLLC acquisition debt		250,000
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value, PPP Loan		1,137,140,000
Fair value, non-interest bearing BMLLC acquisition debt		250,000,000
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value, PPP Loan		1,137,140,000
Fair value, non-interest bearing BMLLC acquisition debt		250,000,000
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value, Long-term debt to related parties	29,616,564,000	26,414,064,000
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value, Long-term debt to related parties	$ 29,616,564,000	$ 26,414,064,000

SCHEDULE OF FAIR VALUE OF LIABI

SCHEDULE OF FAIR VALUE OF LIABILITIES ON RECURRING BASIS (Details) - USD ($)		3 Months Ended
		Jun. 30, 2022		Mar. 31, 2022		Jun. 30, 2021		Mar. 31, 2021	Dec. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total Debt		$ 29,616,564							$ 27,801,204
Less: debt discount, related party		(3,797,588)							(3,880,093)
Less: current portion of long-term debt, related party		3,632,192							$ 7,316,402
Long-Term Debt [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		24,190,054		$ 22,533,971		$ 16,451,905		$ 16,916,705
Reclassification	[1]							(464,800)
Extinguishment	[2]					(16,451,905)
Acquisition debt, Wild Sky, related party	[1]					17,376,834
Addition: Related party debt		1,300,000	[3]	1,400,000	[3]	2,285,000	[4]
Addition: Related part debt	[5]					80,000
Decrease: Related party debt amortization	[6]	328,922	[1]	256,083
Total Debt						19,741,834
Less: debt discount, related party	[7]					(3,163,451)
Less: current portion of long-term debt, related party	[1]	(3,632,192)				(2,729,200)
Ending balance		$ 22,186,784		$ 24,190,054		$ 13,849,183		$ 16,451,905
[1]Related to reclassification of Bright Mountain PPP loan[2]Centre Lane determined to be related party (See note 14) and applying FASB ASC Topic 470, Debt

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Product Information [Line Items]
Cash and cash equivalents	$ 417,188		$ 417,188		$ 781,320
Allowance for doubtful accounts	718,318		718,318		$ 495,396
Advertising, marketing promotion costs	$ 12,400	$ 16,087	$ 18,109	$ 28,702
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | One Customer [Member]
Product Information [Line Items]
Concentration risk, rate	41.70%	12%	34.90%	12%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | One Customer [Member]
Product Information [Line Items]
Concentration risk, rate			10%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer One [Member]
Product Information [Line Items]
Concentration risk, rate			30.90%		13.10%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Two Customers [Member]
Product Information [Line Items]
Concentration risk, rate					10%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Two [Member]
Product Information [Line Items]
Concentration risk, rate					12%
Accounts Payable [Member] | Customer Concentration Risk [Member] | One Vendor [Member]
Product Information [Line Items]
Concentration risk, rate			10.90%		11.20%
Accounts Payable [Member] | Customer Concentration Risk [Member] | One Vendor [Member] | Minimum [Member]
Product Information [Line Items]
Concentration risk, rate			10%		10%

SCHEDULE OF PREPAID COSTS AND E

SCHEDULE OF PREPAID COSTS AND EXPENSES (Details) - USD ($)		Jun. 30, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid insurance		$ 177,286	$ 427,461
Prepaid consulting service agreements – Spartan	[1]	404,076	379,775
Prepaid software		153,509
Prepaid expenses – other		31,136	97,480
Prepaid expenses and other current assets		$ 766,007	$ 904,716
[1]Spartan Capital is a broker-dealer that has assisted the Company with a range of services including capital raising activities, M&A advisory, and consulting services. The Company has a five-year agreement with Spartan Capital for the provision of such services and any prepayments made under the terms of this agreement starting October 2018 were capitalized and amortized over the remaining life of the agreement.

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 157,489	$ 215,352
Less: accumulated depreciation	(103,546)	(150,230)
Total property and equipment, net	53,943	65,122
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 40,541	38,728
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life, years	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life, years	5 years
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life, years	3 years
Total property and equipment	$ 116,948	$ 176,624

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation, expense	$ 8,468	$ 16,487	$ 11,853	$ 34,534

SCHEDULE OF WEBSITE ACQUISITION

SCHEDULE OF WEBSITE ACQUISITIONS, NET (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Website acquisition assets	$ 28,311,100	$ 28,311,100
Less: accumulated amortization	(6,544,842)	(5,759,636)
Less: cumulative impairment loss	(16,486,929)	(16,486,929)
Website Acquisition Assets, net	5,279,329	6,064,535
Website Acquisitions Net [Member]
Finite-Lived Intangible Assets [Line Items]
Website acquisition assets	1,124,846	1,124,846
Less: accumulated amortization	(921,250)	(920,450)
Less: cumulative impairment loss	(200,396)	(200,396)
Website Acquisition Assets, net	$ 3,200	$ 4,000

SCHEDULE OF INTANGIBLE ASSETS (

SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Total Intangible Assets	$ 28,311,100		$ 28,311,100
Less: accumulated amortization	(6,544,842)		(5,759,636)
Less: accumulated impairment loss	(16,486,929)		(16,486,929)
Website Acquisition Assets, net	$ 5,279,329		6,064,535
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Total Intangible Assets		$ 3,749,600	3,749,600
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Total Intangible Assets		16,184,000	16,184,000
IP Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Total Intangible Assets		7,223,000	7,223,000
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Total Intangible Assets		$ 1,154,500	$ 1,154,500
Noncompete Agreements [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years
Noncompete Agreements [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years

SCHEDULE OF CHANGES GOODWILL (D

SCHEDULE OF CHANGES GOODWILL (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Goodwill	$ 19,645,468	$ 19,645,468
Owned and Operated [Member]
Goodwill	9,725,559	9,725,559
Ad Network [Member]
Goodwill	$ 9,919,909	$ 9,919,909

WEBSITE ACQUISITION AND INTAN_3

WEBSITE ACQUISITION AND INTANGIBLE ASSETS (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization, expense	$ 389,739	$ 395,868	$ 786,006	$ 792,533

SCHEDULE OF ACCRUED EXPENSES (D

SCHEDULE OF ACCRUED EXPENSES (Details) - USD ($)		Jun. 30, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accrued salaries and benefits		$ 986,103	$ 1,459,299
Accrued dividends		691,861	691,861
Accrued traffic settlement	[1]	10,254	10,254
Accrued legal settlement	[2]	216,101	81,101
Accrued legal fees		139,786	182,537
Accrued other professional fees		219,136	592,421
Share issuance liability	[3]	27,012	189,067
Accrued warrant penalty	[4]	366,899	366,899
Accrued Value-Added Tax payable		47,545
Other accrued expenses		132,582	191,226
Total accrued expenses		$ 2,837,279	$ 3,764,665
[1]The Company negotiates with its publishing partners regarding questionable traffic to arrive at traffic settlements.[2]Accrued legal settlement related to the Encoding legal matter. See Note 10.[3]Share issuance liability related to issuance of the Company’s common stock in connection with the Oceanside, MediaHouse and Wild Sky acquisitions and Oceanside employee share issuances.[4]The Company has sold units of its securities to various investors in several private placements. As part of each private placement, the Company agreed to file a registration statement with the SEC to register the resale of the shares by the respective holder in order to permit the public resale; such filing deadlines ranged from 120 to 270 days following the closing date of the respective placement and the Company was liable to pay a penalty fee for failure to file the resale registration statement within the allotted timeframe.

SCHEDULE OF LONG-TERM DEBT (Det

SCHEDULE OF LONG-TERM DEBT (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Non-interest bearing BMLLC acquisition debt		$ 250,000
PPP loans		1,137,140
Wild Sky acquisition debt	18,181,564	18,146,564
Centre Lane debt	11,355,000	8,187,500
Note payable debt to the Company’s Chairman of the Board	80,000	80,000
Total Debt	29,616,564	27,801,204
Less: debt discount, related party	(3,797,588)	(3,880,093)
Less: current portion of long-term debt		(1,387,140)
Less: current portion of long-term debt, related party	(3,632,192)	(7,316,402)
Long term debt to related parties, net and long term debt	$ 22,186,784	$ 15,217,569

SCHEDULE OF MATURITIES OF LONG-

SCHEDULE OF MATURITIES OF LONG-TERM OBLIGATION (Details)	Jun. 30, 2022 USD ($)
Debt Disclosure [Abstract]
2022 (remainder of the year)
2023	4,527,348
2024	2,416,395
2025	22,672,821
Total	$ 29,616,564

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)

1 Months Ended

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

Jun. 10, 2022

May 10, 2022

Apr. 15, 2022

Apr. 15, 2022

Mar. 25, 2022

Mar. 11, 2022

Feb. 11, 2022

Jan. 26, 2022

Dec. 25, 2021

Dec. 23, 2021

Nov. 30, 2021

Nov. 05, 2021

Oct. 08, 2021

Aug. 31, 2021

Aug. 12, 2021

May 26, 2021

Apr. 26, 2021

Mar. 23, 2021

Feb. 17, 2021

Aug. 15, 2020

Jun. 01, 2020

Jul. 31, 2019

Nov. 30, 2018

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2022

Jun. 30, 2021

Sep. 30, 2020

Dec. 31, 2021

Apr. 24, 2021

Jun. 30, 2020

Apr. 24, 2020

Debt Instrument [Line Items]

Interest rate

18%

Accumulated gross, debt discount

$ 3,797,588

$ 3,797,588

$ 3,880,093

Interest expense, related party

895,745

$ 539,215

1,735,162

$ 574,503

Debt instrument percentage

1.50%

Accrued Liabilities, Current

$ 750,000

2,837,279

2,837,279

3,764,665

Interest expense, debt

722

75,211

735

336,206

Premium finance, loan payable

406,522

406,522

$ 380,397

Premium finance loan payable

85,711

85,711

334,284

Paycheck Protection Program [Member]

Debt Instrument [Line Items]

Debt instrument percentage

1%

1%

1%

Debt Instrument, Face Amount

$ 841,540

$ 295,600

$ 464,800

Debt instrument, term

2 years

2 years

2 years

Wild Sky PPP Loan [Member]

Debt Instrument [Line Items]

Debt instrument percentage

1%

Debt Instrument, Face Amount

$ 1,706,735

Debt instrument, term

2 years

Ten Percentage Convertible Promissory Notes [Member]

Debt Instrument [Line Items]

Interest expense, related party

2,023

2,023

4,023

4,023

Debt Instrument, Face Amount

$ 80,000

80,000

80,000

80,000

Debt instrument, term

5 years

Debt Instrument, Convertible, Conversion Price

$ 0.40

Debt Instrument, Fair Value Disclosure

$ 70,000

Beneficial converision feature

19,328

26,271

Convertible notes payable related party

60,672

60,672

53,729

Debt instrument, amortized discount

3,491

3,491

$ 6,943

6,943

Premium Finance Loan Payable [Member]

Debt Instrument [Line Items]

Debt instrument, frequency of periodic payment

The Company generally finances its annual insurance premiums through the use of short-term notes, payable in 10 equal monthly installments.

Slutzky and Winshman Ltd [Member]

Debt Instrument [Line Items]

Interest expense, related party

$ 50,672

Centre Lane Partners [Member]

Debt Instrument [Line Items]

Accumulated gross, debt discount

3,797,588

$ 3,797,588

3,853,822

Membership Interest Purchase Agreement [Member]

Debt Instrument [Line Items]

Line of credit facility, average outstanding amount

$ 16,451,905

Line of credit facility, average outstanding amount

15,000,000

Repayments of lines of credit

900,000

Accounts payable

$ 500,000

Interest rate on this term loan

6%

Repayment, description

This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023

Interest expense, debt

895,745

539,216

1,735,162

574,504

First Amendment [Member]

Debt Instrument [Line Items]

Repayment, description

This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023

Proceeds from sale of preferred stock

$ 6,000,000

Interest rate

10%

Interest rate

6%

Dividend issued

$ 800,000

Dividends

500,000

Accumulated gross, debt discount

$ 2,363,986

First Amendment [Member] | Common Stock [Member]

Debt Instrument [Line Items]

Number of common shares issued

150,000

Second Amendment [Member]

Debt Instrument [Line Items]

Repayment, description

This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023.

Additional loan amount

$ 1,500,000

Exit fee

750,000

Accumulated gross, debt discount

904,637

Deferred finance, costs

$ 1,500,000

Second Amendment [Member] | Centre Lane Partners [Member]

Debt Instrument [Line Items]

Number of common shares issued

3,000,000

Second Amendment [Member] | Common Stock [Member]

Debt Instrument [Line Items]

Number of common shares issued

3,000,000

Third Amendment [Member]

Debt Instrument [Line Items]

Repayment, description

This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023.

Number of common shares issued

2,000,000

Additional loan amount

$ 500,000

Exit fee

250,000

Accumulated gross, debt discount

322,529

Deferred finance, costs

$ 500,000

Third Amendment [Member] | Centre Lane Partners [Member]

Debt Instrument [Line Items]

Number of common shares issued

2,000,000

Fourth Amendment [Member]

Debt Instrument [Line Items]

Repayment, description

This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023.

Additional loan amount

$ 1,100,000

Exit fee

550,000

Deferred finance, costs

1,100,000

Fourth Amendment [Member] | Common Stock [Member]

Debt Instrument [Line Items]

Accumulated gross, debt discount

$ 560,783

Fifth Amendment [Member]

Debt Instrument [Line Items]

Repayment, description

This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023.

Additional loan amount

$ 725,000

Exit fee

800,000

Accumulated gross, debt discount

2,635,013

Deferred finance, costs

725,000

[custom:BusinessExitCosts]

$ 362,500

Sixth Amendment [Member]

Debt Instrument [Line Items]

Repayment, description

This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023.

Additional loan amount

$ 800,000

Exit fee

800,000

Accumulated gross, debt discount

$ 25,125

902,745

Deferred finance, costs

$ 800,000

Sixth Amendment [Member] | Common Stock [Member]

Debt Instrument [Line Items]

Number of common shares issued

7,500,000

Seventh Amendment [Member]

Debt Instrument [Line Items]

Repayment, description

This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023.

Additional loan amount

$ 500,000

Exit fee

$ 500,000

500,000

Accumulated gross, debt discount

510,783

Deferred finance, costs

$ 500,000

Eighth Amendment [Member]

Debt Instrument [Line Items]

Repayment, description

This term loan shall be repaid by June 30, 2025, with payments of 2.5% of outstanding principal beginning on June 30, 2023.

Additional loan amount

$ 350,000

Exit fee

350,000

Accumulated gross, debt discount

352,520

Deferred finance, costs

$ 350,000

Ninth Amendment [Member]

Debt Instrument [Line Items]

Repayment, description

This term loan shall be repaid by June 30, 2023.

Additional loan amount

250,000

Exit fee

12,500

Accumulated gross, debt discount

19,700

Deferred finance, costs

$ 250,000

Ninth Amendment [Member] | Minimum [Member]

Debt Instrument [Line Items]

Interest rate on this term loan

12%

Ninth Amendment [Member] | Maximum [Member]

Debt Instrument [Line Items]

Interest rate on this term loan

10%

Tenth Amendment [Member]

Debt Instrument [Line Items]

Repayment, description

This term loan shall be repaid by June 30, 2023.

Additional loan amount

$ 300,000

Exit fee

$ 15,000

Repaid loan debt instrument interest rate

2.50%

Deferred finance, costs

$ 300,000

Eleventh Amendment [Member]

Debt Instrument [Line Items]

Repayment, description

This term loan shall be repaid by June 30, 2023.

Additional loan amount

$ 500,000

Exit fee

25,000

Accumulated gross, debt discount

29,050

Deferred finance, costs

$ 500,000

Twelfth Amendment [Member]

Debt Instrument [Line Items]

Repayment, description

This term loan shall be repaid by June 30, 2023.

This term loan shall be repaid by June 30, 2023.

Additional loan amount

$ 450,000

Exit fee

$ 25,000

$ 22,500

22,500

Accumulated gross, debt discount

36,002

36,002

Deferred finance, costs

$ 450,000

$ 450,000

Thirteenth Amendment [Member]

Debt Instrument [Line Items]

Repayment, description

This term loan shall be repaid by June 30, 2023.

Additional loan amount

$ 500,000

Exit fee

25,000

Accumulated gross, debt discount

38,502

Deferred finance, costs

$ 500,000

Fourteenth Amendment [Member]

Debt Instrument [Line Items]

Additional loan amount

$ 350,000

Exit fee

17,500

Accumulated gross, debt discount

31,002

Deferred finance, costs

$ 350,000

Purchase Agreement [Member]

Debt Instrument [Line Items]

Accumulated gross, debt discount

8,732,377

8,732,377

$ 8,200,476

Interest expense, related party

856,574

360,903

1,657,251

360,903

Oceanside Merger Agreement [Member] | Slutzky and Winshman Ltd [Member]

Debt Instrument [Line Items]

Number of common shares issued

12,513,227

Interest expense, related party

$ 33,657

$ 33,567

$ 66,945

$ 66,945

50,672

Stock Issued During Period, Value, New Issues

$ 20,021,163

Asset Acquisition, Contingent Consideration, Liability

$ 750,000

Debt charges

$ 300,672

Deferred Compensation Arrangement with Individual, Compensation Expense

$ 250,000

Wild Sky [Member]

Debt Instrument [Line Items]

Business acquisition, percentage of voting interests acquired

100%

SCHEDULE OF RIGHT OF USE ASSET

SCHEDULE OF RIGHT OF USE ASSET AND LEASE LIABILITY (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Assets
Operating lease right of use asset	$ 687,310
Liabilities
Operating lease liability	$ 691,340

SCHEDULE OF MATURITY OPERATING

SCHEDULE OF MATURITY OPERATING LEASE LIABILITY (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
2022 (remainder of year)	$ 19,570
2023	108,060
2024	112,680
2025	117,038
2026	122,346
Thereafter	758,010
Total undiscounted operating lease payments	1,237,704
Less: Imputed interest	(546,364)
Present value of operating lease liability	$ 691,340

SCHEDULE OF ADDITIONAL INFORMAT

SCHEDULE OF ADDITIONAL INFORMATION RELATED TO OPERATING LEASE (Details)	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Weighted-average remaining lease term	10 years 1 month 6 days
Weighted-average discount rate	11.60%

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative)				1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Jan. 24, 2023 USD ($)	Jun. 14, 2022 USD ($) ft²	Jan. 24, 2022 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($) $ / shares shares	Apr. 14, 2022
Lease term					10 years 1 month 6 days		10 years 1 month 6 days
Rent expense					$ 44,802	$ 53,588	$ 94,374	$ 102,020
Synacor Inc [Member]
Legal settlement									$ 230,000
Encodingcom Inc [Member]
Warrants to purchase | shares									175,000
Exercise price of warrants | $ / shares									$ 1
Long-Term non-Cancellable lease Agreement [Member]
Lease expiration, date							Oct. 31, 2021
Second Addendum [Member]
Area of Land | ft²		4,500
Lease term										5 years
Rent expense		$ 7,719
Cash rent		$ 11,893
Lease, description		Rent increases yearly at 3% from years two through five.
Settlement Agreement [Member]
Legal settlement			$ 12,000
Settlement Agreement [Member] | Forecast [Member]
Legal settlement	$ 40,000			$ 160,000

PREFERRED STOCK (Details Narrat

PREFERRED STOCK (Details Narrative) - USD ($)		3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Dividend liability		$ 691,861		$ 691,861		$ 691,861
Preferred stock, shares authorized		20,000,000		20,000,000		20,000,000
Preferred stock, par value per share		$ 0.01		$ 0.01		$ 0.01
Preferred stock, designated description				The Company’s board of directors has previously designated five series of preferred stock, consisting of 10% Series A Convertible Preferred Stock (“Series A Stock”), 10% Series B Convertible Preferred Stock (“Series B Stock”), 10% Series C Convertible Preferred Stock (“Series C Stock”), 10% Series D Convertible Preferred Stock (“Series D Stock”) and 10% Series E Convertible Preferred Stock (“Series E Stock”).
Dividends, preferred stock				$ 691,861		$ 691,861
Series F-1 Preferred Stock [Member] | April 10, 2022 [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Dividend rate, percentage				12%
Series F-2 Convertible Preferred Stock [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Liquidation preference, price per share		0.50		$ 0.50
Series F-2 Convertible Preferred Stock [Member] | July 27, 2022 [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Dividend rate, percentage				6%
Series F-3 Preferred Stock [Member] | April 30, 2022 [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Dividend rate, percentage				10%
Series F-1 Convertible Preferred Stock [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Liquidation preference, price per share		0.50		$ 0.50
Series F-3 Convertible Preferred Stock [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Liquidation preference, price per share		$ 0.40		$ 0.40
Series E Preferred Stock [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Preferred stock, shares authorized		2,500,000		2,500,000		2,500,000
Liquidation preference, price per share		$ 0.40		$ 0.40		$ 0.40
Preferred stock, shares issued		125,000		125,000		125,000
Preferred stock, shares outstanding		125,000		125,000		125,000
Series A-1 E and F Convertible Preferred Stock [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Dividends		$ 1,247		$ 2,069
Series E And F Convertible Preferred Stock [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Dividends			$ 836		$ 2,522
Mr. W. Kip Speyer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Shares issued, shares	7,919,017
Dividend liability	$ 691,450

SCHEDULE OF COMMON SHARES ISSUE

SCHEDULE OF COMMON SHARES ISSUED DURING THE PERIOD (Details) (Parenthetical) - $ / shares	Jun. 30, 2022	Jun. 30, 2021
Common Stock [Member] | Shares Issued To Employees [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued, price per share	$ 1.60	$ 1.60

SCHEDULE OF COMMON SHARES ISS_2

SCHEDULE OF COMMON SHARES ISSUED DURING THE PERIOD (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Option Indexed to Issuer's Equity [Line Items]
Total shares, Issued for Services	174,253	3,654,266
Total value, Issued for Services	$ 278,805	$ 3,127,782
Shares Issued To Employees [Member]
Option Indexed to Issuer's Equity [Line Items]
Total shares, Issued for Services	174,253	379,266
Total value, Issued for Services	$ 278,805	$ 606,826
Shares Issued To Centre Lane Related To Debt Financing [Member]
Option Indexed to Issuer's Equity [Line Items]
Total shares, Issued for Services		3,150,000
Total value, Issued for Services		$ 2,497,056
Share-Based Payment Arrangement, Option [Member]
Option Indexed to Issuer's Equity [Line Items]
Total shares, Issued for Services		100,000
Total value, Issued for Services		$ 13,900
Warrants Exercised [Member]
Option Indexed to Issuer's Equity [Line Items]
Total shares, Issued for Services		25,000
Total value, Issued for Services		$ 10,000

SCHEDULE OF STOCK OPTION ACTIVI

SCHEDULE OF STOCK OPTION ACTIVITY (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Equity [Abstract]
Number of Shares Options Outstanding Beginning Balance	1,415,227
Weighted Average Exercise Price Per Share Outstanding Beginning Balance	$ 0.62
Weighted Average Remaining Contractual Life (in Years) Outstanding, Ending	8 years	6 years 2 months 12 days
Aggregate Intrinsic Value Outstanding Beginning
Number of Options Granted	4,845,433
Weighted Average Exercise Price Per Share Granted	$ 0.01
Weighted Average Remaining Contractual Life (in Years) Granted	9 years 9 months 18 days
Number of Options Exercised
Weighted Average Exercise Price Per Share Exercised
Number of Options Forfeited
Weighted Average Exercise Price, Forfeited
Number of Options Expired	(72,000)
Weighted Average Exercise Price Per Share Expired
Number of Shares Options Outstanding Ending Balance	6,188,660	1,415,227
Weighted Average Exercise Price Per Share Outstanding Ending Balance	$ 0.31	$ 0.62
Aggregate Intrinsic Value Outstanding Ending
Number of Shares Options Exercisable	672,864
Weighted Average Exercise Price Per Share Exercisable	$ 0.73
Weighted Average Remaining Contractual Life (in Years) Exercisable	3 years 4 months 24 days
Aggregate Intrinsic Value Exercisable

SCHEDULE OF OPTIONS OUTSTANDING

SCHEDULE OF OPTIONS OUTSTANDING UNDER OPTION PLANS (Details)	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Options Outstanding, Number outstanding | shares	6,188,660
Options Outstanding, Weighted average exercise price	$ 0.10
Options Outstanding, Remaining average contractual life (in years)	9 years 1 month 6 days
Options Exercisable, Number exercisable | shares	672,864
Options Exercisable, Weighted average exercise price	$ 0.73
Exercise Price Range One [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price lower range limit	0.01
Exercise price upper range limit	$ 0.13
Options Outstanding, Number outstanding | shares	5,495,433
Options Outstanding, Weighted average exercise price	$ 0.01
Options Outstanding, Remaining average contractual life (in years)	9 years 9 months 18 days
Options Exercisable, Number exercisable | shares	37,500
Options Exercisable, Weighted average exercise price	$ 0.01
Exercise Price Range Two [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price lower range limit	0.25
Exercise price upper range limit	$ 0.49
Options Outstanding, Number outstanding | shares	54,000
Options Outstanding, Weighted average exercise price	$ 0.28
Options Outstanding, Remaining average contractual life (in years)	1 year
Options Exercisable, Number exercisable | shares	54,000
Options Exercisable, Weighted average exercise price	$ 0.28
Exercise Price Range Three [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price lower range limit	0.50
Exercise price upper range limit	$ 0.85
Options Outstanding, Number outstanding | shares	501,000
Options Outstanding, Weighted average exercise price	$ 0.69
Options Outstanding, Remaining average contractual life (in years)	3 years
Options Exercisable, Number exercisable | shares	501,000
Options Exercisable, Weighted average exercise price	$ 0.69
Exercise Price Range Four [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price lower range limit	0.86
Exercise price upper range limit	$ 1.75
Options Outstanding, Number outstanding | shares	138,227
Options Outstanding, Weighted average exercise price	$ 1.64
Options Outstanding, Remaining average contractual life (in years)	7 years 4 months 24 days
Options Exercisable, Number exercisable | shares	80,364
Options Exercisable, Weighted average exercise price	$ 1.63

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)		3 Months Ended		6 Months Ended
	Apr. 14, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Stock issued for services				174,253	3,654,266
Non-cash stock-based stock option compensation expense		$ 30,119	$ 74,722	$ 59,035	$ 143,016
Unrecognized compensation cost		$ 97,511		$ 97,511
Directors And Committee [Member] | Stock Option Plan [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Stock option term	10 years
Number of share authorized	22,500,000
Directors And Committee [Member] | 2022 Plan [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Issuance of common stock, shares		16,311,340		16,311,340

RELATED PARTIES (Details Narrat

RELATED PARTIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2020	Dec. 31, 2021
Related Party Transaction [Line Items]
Debt Instrument, Unamortized Discount	$ 3,797,588		$ 3,797,588			$ 3,880,093
Interest Expense, Related Party	895,745	$ 539,215	1,735,162	$ 574,503
Oceanside Media LLC [Member]
Related Party Transaction [Line Items]
Compensation expense			$ 750,000		$ 250,000
Debt Instrument, Interest Rate Terms			the Closing Notes accrue interest at a 1.5% per month rate, or 18% annual rate
Incremental charges			$ 300,672
Interest Expense, Related Party	33,657	33,567	66,945	66,945
Slutzky and Winshman Ltd [Member]
Related Party Transaction [Line Items]
Interest Expense, Related Party					$ 50,672
Series E and F Preferred Stock [Member]
Related Party Transaction [Line Items]
Preferred stock cash dividends	836	$ 1,261	2,069	$ 2,522
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Due to Related Parties	60,672		60,672			53,729
Debt Instrument, Unamortized Discount	19,328		19,328			26,271
Centre Lane Partners [Member]
Related Party Transaction [Line Items]
Due to Related Parties	29,616,564		29,616,564			26,334,064
Debt Instrument, Unamortized Discount	$ 3,797,588		$ 3,797,588			$ 3,853,822

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income tax provision	$ 0	$ 0	$ 0	$ 0
Unrecognized tax benefits	$ 0		$ 0		$ 0

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] - USD ($)	Jul. 26, 2022	Jul. 08, 2022
Subsequent Event [Line Items]
Officers annual base salary	$ 225,000
Stock Option Plan [Member]
Subsequent Event [Line Items]
Stock option granted, shares	225,000
Credit Agreement [Member]
Subsequent Event [Line Items]
Proceeds from Loans		$ 350,000
Debt Instrument, Maturity Date		Jun. 30, 2023
Business Exit Costs		$ 18,000