Chicken Soup for the Soul Entertainment (CSSEQ) 10-Q 31 May 18 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 30, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Entity Registrant Name	Chicken Soup for the Soul Entertainment, Inc.
Entity Central Index Key	1,679,063
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	CSSE
Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		11,615,692
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		3,757,454
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		7,858,238

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 21,127	$ 507,247
Accounts receivable, net	1,066,905	151,417
Prepaid expenses	364,763	216,397
Intangible asset - video content license	5,000,000	5,000,000
Prepaid distribution fees	2,273,320	592,786
Due from affiliated companies	2,171,089	1,372,517
Programming costs, net	4,326,711	3,977,553
Total assets	15,223,915	11,817,917
LIABILITIES AND STOCKHOLDERS' EQUITY
Senior secured notes payable, net of unamortized debt discount of $352,244 and $318,992 and unamortized deferred financing costs of $20,448 and $40,902 as of March 31, 2017 and December 31, 2016, respectively	4,522,308	2,610,106
Senior secured notes payable under revolving line of credit to related party, net of unamortized debt discount of $156,815 and $160,667 and unamortized deferred financing costs of $1,423 and $2,845 as of March 31, 2017 and December 31, 2016, respectively	3,641,763	3,316,488
Accounts payable and accrued expenses	407,020	694,368
Accrued programming costs	971,812	1,061,980
Income tax payable	346,000	0
Deferred tax liability, net	292,000	439,000
Deferred revenue	100,000	71,429
Total liabilities	10,280,903	8,193,371
Commitments and contingencies
Stockholders' equity
Preferred stock, $.0001 par value, 10,000,000 shares authorized; none issued or outstanding	0	0
Additional paid-in capital	5,526,743	4,074,646
Accumulated deficit	(584,642)	(450,996)
Total stockholders' equity	4,943,012	3,624,546
Total liabilities and stockholders' equity	15,223,915	11,817,917
Common Class A [Member]
Stockholders' equity
Common Stock, Value, Issued	104	89
Common Class B [Member]
Stockholders' equity
Common Stock, Value, Issued	$ 807	$ 807

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Senior Notes [Member]
Debt Instrument, Unamortized Discount	$ 352,244	$ 318,992
Deferred Costs	20,448	40,902
Line of Credit [Member]
Debt Instrument, Unamortized Discount	156,815	160,667
Deferred Costs	$ 1,423	$ 2,845
Common Class A [Member]
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	70,000,000	70,000,000
Common Stock, Shares, Issued	1,042,030	893,369
Common Stock, Shares, Outstanding	1,042,030	893,369
Common Class B [Member]
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Shares, Issued	8,071,955	8,071,955
Common Stock, Shares, Outstanding	8,071,955	8,071,955

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenue:
Revenue	$ 1,417,098	$ 1,113,637
Cost of revenue	474,206	502,675
Gross profit	942,892	610,962
Operating expenses:
Selling, general and administrative (including $132,785 and $0 of non-cash share-based compensation expense for the three months ended March 31, 2017 and 2016, respectively)	260,008	112,325
Management and license fees	141,710	111,364
Total operating expenses	401,718	223,689
Operating income	541,174	387,273
Interest income	6	1
Interest expense	(475,826)	0
Income before income taxes	65,354	387,274
Provision for income taxes	199,000	162,000
Net (loss) income	$ (133,646)	$ 225,274
Net (loss) income per common share:
Basic net (loss) income per common share	$ (0.01)	$ 0.03
Diluted net (loss) income per common share	$ (0.01)	$ 0.03
Weighted average basic shares outstanding	9,066,034	8,760,000
Weighted average diluted shares outstanding	9,066,034	8,805,938
Television [Member]
Revenue:
Revenue	$ 1,259,360	$ 1,113,637
Online [Member]
Revenue:
Revenue	$ 157,738	$ 0

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Allocated Share-based Compensation Expense	$ 132,785	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from Operating Activities:
Net (loss) income	$ (133,646)	$ 225,274
Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation	132,790	0
Amortization of programming costs	474,206	502,675
Amortization of deferred financing costs	21,876	0
Amortization of debt discount	364,311	0
Deferred income taxes	(147,000)	162,000
Changes in operating assets and liabilities:
Trade accounts receivable	(915,487)	0
Prepaid expenses and other current assets	(148,366)	(83,802)
Programming costs	(913,532)	(820,186)
Prepaid distribution fees	(1,680,534)	0
Accounts payable and accrued expenses	(287,399)	636,715
Income taxes payable	346,000	0
Deferred revenue	28,571	(3,300,000)
Net cash used in operating activities	(2,858,210)	(2,677,324)
Cash flows from Investing Activities:
(Increase) decrease in due from affiliated companies	(798,572)	2,706,576
Net cash (used in) provided by investing activities	(798,572)	2,706,576
Cash flows from Financing Activities:
Proceeds from revolving credit facility	1,300,000	0
Repayments of revolving credit facility	(980,000)	0
Proceeds from notes payable	1,925,000	0
Proceeds from issuance of common stock	925,662	0
Net cash provided by financing activities	3,170,662	0
Net (decrease) increase in cash and cash equivalents	(486,120)	29,252
Cash and cash equivalents at beginning of period	507,247	4,078
Cash and cash equivalents at end of the period	21,127	33,330
Supplemental data:
Cash paid for Interest	80,309	0
Cash paid for taxes	0	0
Non-cash financing activities
Fair value of warrants issued with revolving credit facility and term notes	$ 393,711	$ 0

The Company, Description of Bus

The Company, Description of Business and Initial Public Offering	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 – The Company, Description of Business and Initial Public Offering Chicken Soup for the Soul Entertainment, Inc. (the “Company”) is a Delaware corporation formed on May 4, 2016. CSS Productions, LLC (“CSS Productions”), the Company’s predecessor and immediate parent company, was formed in December 2014 by Chicken Soup for the Soul, LLC (“CSS”), a publishing and consumer products company, and initiated operations in January 2015. The Company was formed to create a discrete entity focused on video content opportunities using the Chicken Soup for the Soul The Company creates and distributes video content under the Brand. The Company has an exclusive, perpetual and worldwide license from CSS to create and distribute video content under the Brand. In May 2016, pursuant to the terms of the contribution agreement among CSS, CSS Productions and the Company (the “CSS Contribution Agreement”), all video content assets (the “Subject Assets”) owned by CSS, CSS Productions and their CSS subsidiaries were transferred to the Company in consideration for its issuance to CSS Productions of 8,600,568 shares of the Company’s Class B common stock. Since the date of the CSS Contribution Agreement, CSS Productions has transferred certain of these shares of Class B common stock to third parties in certain transactions. Concurrently with the consummation of the CSS Contribution Agreement, certain rights to receive payments under certain agreements comprising part of the Subject Assets owned by Trema, LLC (“Trema”), a company principally owned and controlled by William J. Rouhana, Jr., the Company’s chairman and chief executive officer, were assigned to the Company under a contribution agreement (the “Trema Contribution Agreement”) in consideration for the Company’s issuance to Trema of 159,432 shares or our Class B common stock. Thereafter, CSS Productions’ operating activities substantially ceased and the Company continued the business operations of producing and distributing the video content. The Company is an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies. The Company has irrevocably elected to avail itself of this exemption from new or revised accounting standards, and, therefore, will not be subject to the same new or revised accounting standards as public companies that are not emerging growth companies. The Company operates in one reportable segment, the production and distribution of video content, and currently operates solely in the United States. The Company has entered into a distribution agreement with a company located in the United States that provides for the distribution of an episodic television series in Europe. The Company intends to do business internationally. Initial Public Offering of Class A Common Stock On August 17, 2017, the Company completed its Initial Public Offering (“IPO”) of $30 million consisting of 2,500,000 shares of Class A common stock (“Class A Shares”) at an offering price of $12.00 per share. The Class A Shares offered and sold in the IPO were comprised of (a) an aggregate of 2,241,983 newly issued Class A Shares and (b) an aggregate of 258,017 issued and outstanding Class A Shares that were sold by certain non-management, non-affiliated existing stockholders (“Selling Stockholder Shares”). The Company did not receive any of the proceeds from the sale of Selling Stockholder Shares. In connection with the consummation of the IPO, the Class A Shares were approved for listing on the Nasdaq Global Market under the symbol “CSSE”. The IPO resulted in gross cash proceeds to the Company of?$26.9 million and $24.0 million of net cash proceeds, after deducting cash selling agent discounts and commissions and offering expenses. The net proceeds were used to fully repay $4.1 million of senior secured notes payable (“Term Notes”) and $4.5 million of senior secured notes payable under the revolving line of credit (“Credit Facility”). See Note 9. The remaining proceeds are being used for general corporate purposes including working capital, acquisition of video content and strategic transactions. Since our IPO occurred after March 31, 2017, the date of the financial statements included in this Quarterly Report on Form 10Q, our balance sheet and cash flows do not reflect the net proceeds we derived from our IPO, nor the repayment of the Term Notes and Credit Facility noted above.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 2 – Summary of Significant Accounting Policies The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in this quarterly report on Form 10-Q should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company’s report on Form 1-A POS for the year ended December 31, 2016. The condensed consolidated balance sheet as of December 31, 2016 included herein was derived from the audited financial statements as of that date, but does not include all disclosures, including notes, required by GAAP. The unaudited condensed consolidated interim financial statements include the accounts of the Company and its wholly-owned subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation. In the opinion of management, the accompanying unaudited interim condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position of the Company at March 31, 2017, and the results of its operations for the three months ended March 31, 2017 and 2016. The results of operations of any interim period are not necessarily indicative of the results of operations to be expected for the full fiscal year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company’s report on Form 1-A POS for the years ended December 31, 2016 and 2015. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting period. The Company’s significant estimates include those related to revenue recognition, accounts receivable allowances, intangible assets, share-based compensation expense, income taxes and programming costs. Actual results could differ from those estimates. Cash and cash equivalents include highly liquid investments with original maturities of three months or less and consist primarily of money market funds. Such investments are stated at cost, which approximates fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measurements, a three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies, is as follows: Level 1—Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2—Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3—Valuations based on unobservable inputs reflecting our own assumptions. These valuations require significant judgment and estimates. At March 31, 2017 and December 31, 2016, the fair value of the Company’s financial instruments including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses and accrued programming costs, approximated their carrying value due to the short-term nature of these instruments. Accounts receivable are stated at the amounts management expects to collect. An allowance for doubtful accounts is recorded based on a combination of historical experience, aging analysis and information on specific accounts. Account balances are written off against the allowance after all means of collections have been exhausted and the potential for recovery is considered remote. Accounts are considered past due or delinquent based on contractual terms and how recently payments have been received. At March 31, 2017 and December 31, 2016, an allowance for uncollectible accounts was not considered necessary. Programming costs include the unamortized costs of completed, in-process, or in-development long-form and short-form video content. For video content, the Company’s capitalized costs include all direct production and financing costs, capitalized interest when applicable, and production overhead. The costs of producing video content are amortized using the individual-film-forecast method. These costs are amortized in the proportion that current period’s revenue bears to management’s estimate of ultimate revenue expected to be recognized from each production. For an episodic television series, the period over which ultimate revenue is estimated cannot exceed ten years following the date of delivery of the first episode, or, if still in production, five years from the date of delivery of the most recent episode, if later. Programming costs are stated at the lower of amortized cost or estimated fair value. The valuation of programming costs is reviewed on a title-by-title basis, when an event or change in circumstances indicates that the fair value may be less than its unamortized cost and the valuation is based on a discounted cash flows (“DCF”) methodology with assumptions for cash flows. Key inputs employed in the DCF methodology include estimates of a program’s ultimate revenue and costs as well as a discount rate. The discount rate utilized in the DCF is based on the weighted average cost of capital of the Company plus a risk premium representing the risk associated with producing a particular program. The Company performs an annual impairment analysis for unamortized programming costs. An impairment charge is recorded in the amount by which the unamortized costs exceed the estimated fair value. Estimates of future revenue involve measurement uncertainties and it is therefore possible that reductions in the carrying value of programming costs may be required as a consequence of changes in management’s future revenue estimates. Included in cost of revenue in the condensed consolidated statements of operations for the three months ended March 31, 2017 and 2016 is amortization of programming costs totaling $ 474,206 502,675 The Company was formed on May 4, 2016 as a Sub-Chapter C corporation for federal and state tax purposes. As such, the Company filed its first tax return for the year ended December 31, 2016. CSS Productions has elected to be treated as a partnership for federal and state income tax purposes and, accordingly, no provision is made for income taxes for the taxable income included in the Company’s condensed consolidated results of operations. CSS Productions has not been audited by the taxing authorities since its formation. If taxable income is adjusted as a result of an audit, then CSS Productions may be required to make distributions to satisfy its members’ tax obligations. Any such distributions would not be made from, or be the responsibility of, the Company. The Company records income taxes under the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred taxes are also recognized for operating losses that are available to offset future taxable income. A valuation allowance is established, when necessary, to reduce deferred tax assets to the amount expected to be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be realized or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company accounts for uncertain tax positions in accordance with the authoritative guidance issued by the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740: Income Taxes The Company includes interest and penalties related to its uncertain tax positions as part of income tax expense within its condensed consolidated statements of operations. At March 31, 2017 and December 31, 2016, the Company did not have any unrecognized tax benefits or liabilities. See Note 11. The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. If the sum of the expected future cash flows, undiscounted and without interest, is less than the carrying amount of the asset, an impairment loss is recognized as the amount by which the carrying amount of the asset exceeds its fair value. The Company recognizes revenue from the production and distribution of television programs and short-form video content in accordance with Accounting Standards Codification Topic 926: Entertainment – Films Revenue generated under the distribution agreement with A Sharp, Inc., d/b/a A Plus (“A Plus”) is reported on a net basis as the Company earns a commission on the distribution of A Plus’ content. See Note 12. Cash advances received by the Company are recorded as deferred revenue until all the conditions of revenue recognition have been met. The Company accounts for share-based payments in accordance with ASC 718: Share-based Compensation The Company estimates the fair value of share-based instruments using the Black-Scholes option-pricing model. All share-based awards are fulfilled with new shares of Class A common stock. For the three months ended March 31, 2017, share-based awards were issued to non-employee directors and individuals for services rendered and were recorded at fair value. Advertising costs are expensed as incurred. The Company did not incur any advertising costs in the three months ended March 31, 2017 and 2016. Basic net earnings or net loss per common share is computed based on the weighted average number of shares of all classes of common stock outstanding. Diluted earnings per common share is computed based on the weighted average number of common shares outstanding increased, when applicable, by dilutive common stock equivalents, comprised of Class W warrants, Class Z warrants and stock options outstanding. In computing the effect of dilutive common stock equivalents, the Company uses the treasury stock method to calculate the related incremental shares. In applying the treasury stock method, the Company assumed a share price of $ 12 The Company maintains cash balances at its bank. Accounts for each entity are insured by the Federal Deposit Insurance Corporation subject to certain limitations. At various times during the fiscal year, the Company’s cash in bank balances exceeded the federally insured limits. There were no uninsured balances as of March 31, 2017. Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash in bank, revenue and accounts receivable. Concentrations of credit risk with respect to accounts receivable and revenue are significant due to the small number of customers comprising the Company’s customer base. For the three months ended March 31, 2017, we had 2 customers, which accounted for 86 74

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2017
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 3 – Recent Accounting Pronouncements In May 2017, the FASB issued Accounting Standards Update (“ASU”) 2017-09, Compensation – Stock Compensation Topic 718: Scope of Modification Accounting ASU 2017-09 is intended to reduce diversity in practice and result in fewer changes to the terms of an award being accounted for as a modification. Under this guidance, an entity will not apply modification accounting to a share-based payment award if the award’s fair value, vesting conditions and balance sheet classification remain the same before and after the change. ASU 2017-09 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017 for all entities. Early adoption is permitted. The Company has adopted ASU 2017-09 in the last quarter of 2017 on a prospective basis and the impact on its consolidated financial statements was not material. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business The objective of ASU 2017-01 is to narrow the definition of what qualifies as a business under Topic 805 and to provide guidance for streamlining the analysis required to assess whether a transaction involves the acquisition (disposal) of a business. ASU 2017-01 provides a screen to assess when a set of assets and processes do not qualify as a business under Topic 805, reducing the number of transactions that need to be considered as possible business acquisitions. ASU 2017-01 also narrows the definition of output under Topic 805 to make it consistent with the description of outputs under Topic 606. The guidance of ASU 2017-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years and early adoption is permitted under certain circumstances. The Company has adopted ASU 2017-01 on a prospective basis and the impact on its consolidated financial statements was not material. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606)

Episodic Television Programs

Episodic Television Programs	3 Months Ended
	Mar. 31, 2017
Contractors [Abstract]
Long-term Contracts or Programs Disclosure [Text Block]	Note 4 – Episodic Television Programs (a) Chicken Soup for the Soul’s Hidden Heroes (“Hidden Heroes”) (b) Project Dad, a Chicken Soup for the Soul Original Project Dad Project Dad The Project Dad Project Dad In 2017, the Sponsor funded a new parenting series called Being Dad, In accordance with ASC 926 as amended, the Company recognized revenue for the Hidden Heroes Project Dad (c) Vacation Rental Potential. Vacation Rental Potential.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 5 – Share-Based Compensation Effective January 1, 2017, the Company adopted the 2017 Long Term Incentive Plan (the “Plan”) to attract and retain certain employees. The Plan provides for the issuance of up to one million common stock equivalents subject to the terms and conditions of the Plan. The Plan generally provides for quarterly and bi-annual vesting over terms ranging from two to three years. The Company accounts for the Plan as an equity plan. The Company recognized these stock options at fair value determined by applying the Black Scholes options pricing model to the grant date market value of the underlying common shares of the Company. The compensation expense associated with these stock options is amortized on a straight-line basis over their respective vesting periods. For the three months ended March 31, 2017, the Company recognized $116,600 of non-cash share-based compensation expense in selling, general and administrative expense in the condensed consolidated statements of operations. There were 44,167 stock options vested at March 31, 2017. Stock options activity as of March 31, 2017 is as follows: Number of Stock Weighted Average Weighted Aggregate Total outstanding at December 31, 2016 - $ - - $ - Options granted 455,000 6.83 4.80 - Options exercised - - - - Actual options forfeited - - - - Options expired - - - - Total outstanding at March 31, 2017 455,000 $ 6.83 4.80 $ - Total exercisable at March 31, 2017 44,167 $ 6.64 4.76 $ - Total unvested at March 31, 2017 410,833 $ 6.85 4.80 $ - Total vested or expected to vest - March 31, 2017 455,000 $ 6.83 4.80 $ - As of March 31, 2017 the Company had unrecognized pre-tax compensation expense of $1,083,450 related to non-vested stock options under the Plan of which $403,355, $535,517, $129,017 and $15,561 will be recognized in 2017, 2018, 2019 and 2020, respectively. The following table summarizes unvested stock options as of March 31, 2017: Number of Stock Weighted Average Total unvested - December 31, 2016 - $ - Granted 455,000 6.83 Vested (44,167 ) 6.64 Cancellations - - Total unvested - March 31, 2017 410,833 $ 6.85 Assumptions used in calculating the fair value of the stock options granted during 2017 are summarized below: Weighted Average Weighted Average Assumptions: Expected dividend yield 0 % Expected equity volatility 57 % Expected term (years) 2.34 Risk-free interest rate 1.94 % Exercise price per stock option $ 6.83 Market price per share $ 5.78 Weighted average fair value per stock option $ 2.64 The risk-free rate is based on the implied yield available on US Treasury constant maturities with remaining terms equivalent to the respective expected terms of the options. The Company estimates expected terms for stock options awarded to employees using the simplified method in accordance with ASC 718, Stock Compensation, The Company also awards common stock grants to directors. For the three months ended March 31, 2017 and 2016, the Company recognized in selling, general and administrative expense, non-cash share-based compensation expense of $16,185 and $0, respectively. In January 2018, the Company’s board of directors approved an increase, subject to stockholder approval, to the number of shares available for grant pursuant to the Plan to 1,250,000 shares from 1,000,000 shares.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 6 - Earnings Per Share Three Months Ended March 31, 2017 2016 Basic weighted-average shares outstanding 9,066,034 8,760,000 Effect of dilutive securities: Assumed issuance of shares from exercise of stock options (a) - - Assumed issuance of shares from exercise of warrants (a) - 45,938 Diluted weighted-average shares outstanding 9,066,034 8,805,938 (a) The additional shares from the exercise of stock options and warrants for the three months ended March 31, 2017 are anti-dilutive in nature, and as a result are excluded from the determination of diluted weighted-average shares outstanding.

Programming Costs

Programming Costs	3 Months Ended
	Mar. 31, 2017
Research and Development [Abstract]
Research, Development, and Computer Software Disclosure [Text Block]	Note 7 – Programming Costs Programming costs, net of amortization, consists of the following: March 31, December 31, 2017 2016 Released, net of accumulated amortization of $4,276,169 and $3,801,963, respectively $ 3,453,169 $ 3,228,440 In production 157,472 100,000 In development 716,070 649,113 $ 4,326,711 $ 3,977,553

Intangible Asset - Video Conten

Intangible Asset - Video Content License	3 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure [Text Block]	Note 8 – Intangible Asset - Video Content License The Company has been granted a perpetual, exclusive license from CSS to utilize the Brand and related content, for visual exploitation on a worldwide basis (“Perpetual License”). In granting the Perpetual License, CSS required an initial purchase price of $ 5,000,000

Senior Secured Notes Payable an

Senior Secured Notes Payable and Senior Secured Revolving Line of Credit	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Note 9 – Senior Secured Notes Payable and Senior Secured Revolving Line of Credit Senior Secured Notes Payable From July 2016 through May 2017, the Company sold in a private placement (“Debt Private Placement”) $ 5,000,000 5 460,000 7.50 The Term Notes ranked pari passu As discussed in Note 14, the Term Notes were repaid in full on August 18, 2017 from the proceeds of the IPO. The Term Notes and the Warrants were accounted for in accordance with Accounting Standards Codification Topic 470: Debt The fair value of the Warrants was determined to be $ 1,079,360 For the three months ended March 31, 2017, amortization of the debt discount of $ 283,266 20,454 48,903 Officers of the Company and of CSS, and their family members, participated in the Debt Private Placements on the same terms and conditions as other investors. See Note 12. Senior Secured Revolving Line of Credit On May 12, 2016, the Company entered into a Senior Secured Revolving Line of Credit (the “Credit Facility”) with a company principally owned and controlled by William J. Rouhana, Jr., the Company’s chief executive officer and chairman (the “Lender”). Under the amended terms of the Credit Facility, the Company could borrow up to an aggregate of $ 4,500,000 January 2, 2019 Advances made under the Credit Facility were used for working capital and general corporate purposes, and were used in part, for payments in 2016 due to CSS pursuant to the license agreement with the Company. On April 27, 2018, the Company entered into a commercial loan agreement with a bank (“Commercial Loan”). As described in Note 16 – Subsequent Events, 1.7 1.5 Borrowings under the Credit Facility bore interest at 5 0.75 In connection with the Credit Facility, the Company issued Class W warrants to the Lender to purchase 157,500 7.50 May 12, 2021 The Credit Facility and the related warrants are accounted for in accordance with ASC 470, which provides, among other things, that the fair value is allocated between the debt and the related warrants. The fair value of the warrants issued was determined to be $ 424,025 For the three months ended March 31, 2017, amortization of the debt discount of $ 81,045 1,422 40,737

Stockholders_ Equity

Stockholders’ Equity	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Note 10 – Stockholders’ Equity Equity Structure The Company is authorized to issue 70,000,000 0.0001 20,000,000 10,000,000 1,042,030 893,369 8,071,955 Recapitalization As described in Note 1, in May 2016, pursuant to the terms of the CSS Contribution Agreement, the Company issued 8,600,568 Concurrently with the consummation of the CSS Contribution Agreement, certain rights to receive payments under certain agreements comprising part of the Subject Assets owned by Trema, were assigned to the Company under a the Trema Contribution Agreement in consideration for the Company’s issuance to Trema of 159,432 16 792,000 Equity Private Placements Between June 2016 and May 2017, the Company sold Class A common stock in two private placements. From June 2016 through November, 2016, the Company sold in a private placement (the “2016 Equity Private Placement”) a total of 17,096 1,025,760 170,960 51,288 The purchase price of each unit was $ 60 7.50 March 31, 2021 From November 2016 and through May 2017, the Company sold in a private placement (the “2017 Equity Private Placement”) a total of 15,011 975,710 150,112 45,034 The purchase price of each unit was $ 65 7.50 March 31, 2021 Family members of officers of the Company and of CSS have participated in the 2016 Equity Private Placement and the 2017 Equity Private Placement on the same terms and conditions as other investors (see Note 12). In two separate transactions, other parties purchased a total of 55,000 50,000 487,500

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 11 – Income Taxes The Company’s provision for income taxes consists of federal and state taxes, as applicable, in amounts necessary to align the Company’s year-to-date tax provision with the effective rate it expects to achieve for the full year. For the three months ended March 31, 2017 and 2016, the Company recorded an income tax provision of $ 199,000 162,000 42

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Note 12 – Related Party Transactions (a) Affiliate Resources and Obligations In May 2016, the Company entered into agreements with CSS and affiliated companies that provide the Company with access to important assets and resources as described below (the “2016 Agreements”). The 2016 Agreements include a management services agreement and a license agreement. A summary of the 2016 Agreements is as follows: Management Services Agreement The Company is a party to a Management Services Agreement with CSS (the “Management Agreement”). Under the terms of the Management Agreement, the Company is provided with the operational expertise of the CSS companies’ personnel, including its chief executive officer. Pursuant to the Management Agreement, the Company also receives other services, including accounting, legal, marketing, management, data access and back office systems, and requires CSS to provide office space and equipment usage. Under the terms of the Management Agreement, commencing with the fiscal quarter ended March 31, 2016, the Company has paid a quarterly fee to CSS equal to 5 70,855 55,682 th th In addition, for any sponsorship that is arranged by CSS for the Company’s video content or that contains a multi-element transaction for which the Company receives a portion of such revenue and CSS receives the remaining revenue (for example, a transaction that relates to both video content and CSS’s printed products), the Company shall pay a sales commission to CSS equal to 20 The term of the Management Agreement is five years, with automatic one-year renewals thereafter unless either party elects to terminate by delivering written notice at least 90 days prior to the end of the then current term. The Management Agreement is terminable earlier by either party by reason of certain prescribed and uncured defaults by the other party. The Management Agreement will automatically terminate in the event of the Company’s bankruptcy or a bankruptcy of CSS or if the Company no longer has licensed rights from CSS under the License Agreement described below. License Agreement The Company is a party to a trademark and intellectual property license agreement with CSS (the “License Agreement”). Under the terms of the License Agreement, the Company has been granted a perpetual, exclusive license to utilize the Brand and related content, such as stories published in the Chicken Soup for the Soul In consideration of the License Agreement, in May 2016 the Company paid to CSS a one-time license fee of $ 5,000,000 1,500,000 3,500,000 0.5 Under the terms of the License Agreement, commencing with the fiscal quarter ended March 31, 2016, the Company also pays an incremental recurring license fee to CSS equal to 4 In addition, CSS provides marketing support for the Company’s productions through its email distribution, blogs and other marketing and public relations resources. Commencing with the fiscal quarter ended March 31, 2016, the Company shall pay a quarterly fee to CSS equal to 1 70,855 55,682 (b) In September 2016, a wholly-owned subsidiary of CSS acquired a majority of the issued and outstanding common stock of A Plus. A Plus develops and distributes high quality, empathetic short-form videos and articles to millions of people worldwide. A Plus is a digital media company founded, chaired, and partially owned by actor and investor Ashton Kutcher. Mr. Kutcher owns 23 2 75 In September 2016, the Company entered into a distribution agreement with A Plus (the “A Plus Distribution Agreement”). The A Plus Distribution Agreement has an initial term ending in September 2023. Under the terms of the A Plus Distribution Agreement, the Company has the exclusive worldwide rights to distribute all video content (in any and all formats) and all editorial content (including articles, photos and still images) created, produced, edited or delivered by A Plus. Under the terms of the A Plus Distribution Agreement, the Company was obligated to pay A Plus an advance of $ 3,000,000 The Company is entitled to retain a net distribution fee of 30 40 5 15 The Company will not pay A Plus its portion of gross revenue until such time as the A Plus Advance has been recouped in full. At March 31, 2017 and December 31, 2016, prepaid distribution fees were $ 2,273,320 592,786 Online revenue in the Company’s condensed consolidated statement of operations for the three months ended March 31, 2017 includes $ 86,310 (c) Officers of the Company and of CSS, and their family members (“Related Parties”), made purchases under the Debt Private Placement, the 2016 Equity Private Placement, and the 2017 Equity Private Placement on the same terms and conditions as offered to other investors. Prior to the IPO, Related Parties purchased $ 1,413,140 2,030,000 (d) CSS Productions had a consulting agreement with Low Profile Films, Inc. (“Low Profile”). Low Profile provided executive production services for the Company that included all activities necessary to establish and maintain relationships regarding CSS Productions proposed feature length film, a possible talk show and, Low Profile was to oversee the production to facilitate the public viewing or distribution of same. The owner of Low Profile is the son of the Company’s chairman and chief executive officer. The Company’s agreement with Alcon for a feature length film expired on July 15, 2016 and as a result, the Company and Low Profile mutually agreed to terminate the executive production services agreement as of July 15, 2016. For the three months ended March 31, 2017 and 2016, the Company paid Low Profile $ 35,000

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 13 - Commitments and Contingencies In the normal course of business, from time-to-time, the Company may become subject to claims in legal proceedings. Legal proceedings are subject-to inherent uncertainties, and an unfavorable outcome could include monetary damages, and in such event, could result in a material adverse impact on the Company's business, financial position, results of operations, or cash flows.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 14 – Subsequent Events Commercial Loan On April 27, 2018, the Company closed on the Commercial Loan. The Commercial Loan provides the Company both a term loan facility and a revolving line of credit facility totaling $ 7.5 5.0 5.75 The revolving line of credit of $ 2.5 2.2 1.7 Repurchase Program As described in Note 1, Initial Public Offering of Class A Common Stock” , 5.0 Under the Repurchase Program, the Company may purchase its shares of Class A common stock through various means, including open market transactions, privately negotiated transactions, tender offers or any combination thereof. The number of shares repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, stock price, trading volume and general market conditions, along with our working capital requirements, general business conditions and other factors. The Repurchase Program may be modified, suspended or terminated at any time by the Company’s board of directors. Repurchases under the Repurchase Program will be funded from the Company’s existing cash and cash equivalents or future cash flow and equity or debt financings. As of May 30, 2018, the Company has repurchased, subject to the maximum amounts permitted under the Act, 41,949 Acquisition of Screen Media On November 3, 2017, the Company acquired all of the membership interests of Screen Media Ventures, LLC (“Screen Media”) for approximately $ 4.9 35,000 50,000 12 In accordance with ASC 805, “ Business Combinations Initial Public Offering of Class A Common Stock As discussed in Note 1, “ Initial Public Offering of Class A Common Stock”, 30 2,500,000 12.00 The IPO resulted in gross cash proceeds to the Company of $ 26.9 24.0 4.1 4.5

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in this quarterly report on Form 10-Q should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company’s report on Form 1-A POS for the year ended December 31, 2016. The condensed consolidated balance sheet as of December 31, 2016 included herein was derived from the audited financial statements as of that date, but does not include all disclosures, including notes, required by GAAP. The unaudited condensed consolidated interim financial statements include the accounts of the Company and its wholly-owned subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation. In the opinion of management, the accompanying unaudited interim condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position of the Company at March 31, 2017, and the results of its operations for the three months ended March 31, 2017 and 2016. The results of operations of any interim period are not necessarily indicative of the results of operations to be expected for the full fiscal year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company’s report on Form 1-A POS for the years ended December 31, 2016 and 2015.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting period. The Company’s significant estimates include those related to revenue recognition, accounts receivable allowances, intangible assets, share-based compensation expense, income taxes and programming costs. Actual results could differ from those estimates.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Cash and cash equivalents include highly liquid investments with original maturities of three months or less and consist primarily of money market funds. Such investments are stated at cost, which approximates fair value.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measurements, a three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies, is as follows: Level 1—Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2—Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3—Valuations based on unobservable inputs reflecting our own assumptions. These valuations require significant judgment and estimates. At March 31, 2017 and December 31, 2016, the fair value of the Company’s financial instruments including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses and accrued programming costs, approximated their carrying value due to the short-term nature of these instruments.
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Accounts Receivable Accounts receivable are stated at the amounts management expects to collect. An allowance for doubtful accounts is recorded based on a combination of historical experience, aging analysis and information on specific accounts. Account balances are written off against the allowance after all means of collections have been exhausted and the potential for recovery is considered remote. Accounts are considered past due or delinquent based on contractual terms and how recently payments have been received. At March 31, 2017 and December 31, 2016, an allowance for uncollectible accounts was not considered necessary.
Research, Development, and Computer Software, Policy [Policy Text Block]	Programming Costs Programming costs include the unamortized costs of completed, in-process, or in-development long-form and short-form video content. For video content, the Company’s capitalized costs include all direct production and financing costs, capitalized interest when applicable, and production overhead. The costs of producing video content are amortized using the individual-film-forecast method. These costs are amortized in the proportion that current period’s revenue bears to management’s estimate of ultimate revenue expected to be recognized from each production. For an episodic television series, the period over which ultimate revenue is estimated cannot exceed ten years following the date of delivery of the first episode, or, if still in production, five years from the date of delivery of the most recent episode, if later. Programming costs are stated at the lower of amortized cost or estimated fair value. The valuation of programming costs is reviewed on a title-by-title basis, when an event or change in circumstances indicates that the fair value may be less than its unamortized cost and the valuation is based on a discounted cash flows (“DCF”) methodology with assumptions for cash flows. Key inputs employed in the DCF methodology include estimates of a program’s ultimate revenue and costs as well as a discount rate. The discount rate utilized in the DCF is based on the weighted average cost of capital of the Company plus a risk premium representing the risk associated with producing a particular program. The Company performs an annual impairment analysis for unamortized programming costs. An impairment charge is recorded in the amount by which the unamortized costs exceed the estimated fair value. Estimates of future revenue involve measurement uncertainties and it is therefore possible that reductions in the carrying value of programming costs may be required as a consequence of changes in management’s future revenue estimates. Included in cost of revenue in the condensed consolidated statements of operations for the three months ended March 31, 2017 and 2016 is amortization of programming costs totaling $ 474,206 502,675
Income Tax, Policy [Policy Text Block]	Income Taxes The Company was formed on May 4, 2016 as a Sub-Chapter C corporation for federal and state tax purposes. As such, the Company filed its first tax return for the year ended December 31, 2016. CSS Productions has elected to be treated as a partnership for federal and state income tax purposes and, accordingly, no provision is made for income taxes for the taxable income included in the Company’s condensed consolidated results of operations. CSS Productions has not been audited by the taxing authorities since its formation. If taxable income is adjusted as a result of an audit, then CSS Productions may be required to make distributions to satisfy its members’ tax obligations. Any such distributions would not be made from, or be the responsibility of, the Company. The Company records income taxes under the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred taxes are also recognized for operating losses that are available to offset future taxable income. A valuation allowance is established, when necessary, to reduce deferred tax assets to the amount expected to be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be realized or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company accounts for uncertain tax positions in accordance with the authoritative guidance issued by the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740: Income Taxes The Company includes interest and penalties related to its uncertain tax positions as part of income tax expense within its condensed consolidated statements of operations. At March 31, 2017 and December 31, 2016, the Company did not have any unrecognized tax benefits or liabilities. See Note 11.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Long-Lived Assets The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. If the sum of the expected future cash flows, undiscounted and without interest, is less than the carrying amount of the asset, an impairment loss is recognized as the amount by which the carrying amount of the asset exceeds its fair value.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition The Company recognizes revenue from the production and distribution of television programs and short-form video content in accordance with Accounting Standards Codification Topic 926: Entertainment – Films Revenue generated under the distribution agreement with A Sharp, Inc., d/b/a A Plus (“A Plus”) is reported on a net basis as the Company earns a commission on the distribution of A Plus’ content. See Note 12. Cash advances received by the Company are recorded as deferred revenue until all the conditions of revenue recognition have been met.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Share-based Payments The Company accounts for share-based payments in accordance with ASC 718: Share-based Compensation The Company estimates the fair value of share-based instruments using the Black-Scholes option-pricing model. All share-based awards are fulfilled with new shares of Class A common stock. For the three months ended March 31, 2017, share-based awards were issued to non-employee directors and individuals for services rendered and were recorded at fair value.
Advertising Costs, Policy [Policy Text Block]	Advertising Costs Advertising costs are expensed as incurred. The Company did not incur any advertising costs in the three months ended March 31, 2017 and 2016.
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Share Basic net earnings or net loss per common share is computed based on the weighted average number of shares of all classes of common stock outstanding. Diluted earnings per common share is computed based on the weighted average number of common shares outstanding increased, when applicable, by dilutive common stock equivalents, comprised of Class W warrants, Class Z warrants and stock options outstanding. In computing the effect of dilutive common stock equivalents, the Company uses the treasury stock method to calculate the related incremental shares. In applying the treasury stock method, the Company assumed a share price of $ 12
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk The Company maintains cash balances at its bank. Accounts for each entity are insured by the Federal Deposit Insurance Corporation subject to certain limitations. At various times during the fiscal year, the Company’s cash in bank balances exceeded the federally insured limits. There were no uninsured balances as of March 31, 2017. Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash in bank, revenue and accounts receivable. Concentrations of credit risk with respect to accounts receivable and revenue are significant due to the small number of customers comprising the Company’s customer base. For the three months ended March 31, 2017, we had 2 customers, which accounted for 86 74

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation, Stock Options, Activity [Table Text Block]	Stock options activity as of March 31, 2017 is as follows: Number of Stock Weighted Average Weighted Aggregate Total outstanding at December 31, 2016 - $ - - $ - Options granted 455,000 6.83 4.80 - Options exercised - - - - Actual options forfeited - - - - Options expired - - - - Total outstanding at March 31, 2017 455,000 $ 6.83 4.80 $ - Total exercisable at March 31, 2017 44,167 $ 6.64 4.76 $ - Total unvested at March 31, 2017 410,833 $ 6.85 4.80 $ - Total vested or expected to vest - March 31, 2017 455,000 $ 6.83 4.80 $ -
Schedule of Nonvested Share Activity [Table Text Block]	The following table summarizes unvested stock options as of March 31, 2017: Number of Stock Weighted Average Total unvested - December 31, 2016 - $ - Granted 455,000 6.83 Vested (44,167) 6.64 Cancellations - - Total unvested - March 31, 2017 410,833 $ 6.85
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Assumptions used in calculating the fair value of the stock options granted during 2017 are summarized below: Weighted Average Weighted Average Assumptions: Expected dividend yield 0 % Expected equity volatility 57 % Expected term (years) 2.34 Risk-free interest rate 1.94 % Exercise price per stock option $ 6.83 Market price per share $ 5.78 Weighted average fair value per stock option $ 2.64

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares [Table Text Block]	A reconciliation of shares used in calculating basic and diluted per share data is as follows: Three Months Ended March 31, 2017 2016 Basic weighted-average shares outstanding 9,066,034 8,760,000 Effect of dilutive securities: Assumed issuance of shares from exercise of stock options (a) - - Assumed issuance of shares from exercise of warrants (a) - 45,938 Diluted weighted-average shares outstanding 9,066,034 8,805,938 (a) The additional shares from the exercise of stock options and warrants for the three months ended March 31, 2017 are anti-dilutive in nature, and as a result are excluded from the determination of diluted weighted-average shares outstanding.

Programming Costs (Tables)

Programming Costs (Tables)	3 Months Ended
	Mar. 31, 2017
Research and Development [Abstract]
Programming Costs Net [Table Text Block]	Programming costs, net of amortization, consists of the following: March 31, December 31, 2017 2016 Released, net of accumulated amortization of $4,276,169 and $3,801,963, respectively $ 3,453,169 $ 3,228,440 In production 157,472 100,000 In development 716,070 649,113 $ 4,326,711 $ 3,977,553

The Company, Description of B25

The Company, Description of Business and Initial Public Offering (Details Textual) - USD ($)	1 Months Ended			3 Months Ended
	Aug. 17, 2017	Apr. 17, 2017	May 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Stock Issued During Period, Shares, New Issues		2,241,983
Proceeds from Issuance of Common Stock				$ 925,662	$ 0
Repayments of Lines of Credit				980,000	$ 0
Subsequent Event [Member]
Repayments of Notes Payable	$ 4,100,000
Repayments of Lines of Credit	$ 4,500,000
Common Class A [Member]
Stock Issued During Period, Value, New Issues		$ 30,000,000
Stock Issued During Period, Shares, New Issues		2,500,000
Shares Issued, Price Per Share		$ 12
Proceeds from Issuance of Common Stock				$ 487,500
Common Class A [Member] | Subsequent Event [Member]
Shares Issued, Price Per Share	$ 12
Gross Proceeds From Issuance Of Common Stock	$ 26,900,000
Proceeds from Issuance of Common Stock	$ 24,000,000
Common Class B [Member]
Shares Issued, Price Per Share				$ 16
Common Class B [Member] | Chicken Soup for the Soul, LLC [Member]
Stock Issued During Period, Shares, Purchase of Assets			8,600,568
Common Class B [Member] | Trema, LLC [Member]
Stock Issued During Period, Shares, Purchase of Assets			159,432
Selling Stockholder Shares [Member]
Stock Issued During Period, Shares, New Issues		258,017

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Aug. 17, 2017	Apr. 17, 2017
Cost of Revenue	$ 474,206	$ 502,675
Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Concentration Risk, Percentage	86.00%
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Major Customer [Member]
Concentration Risk, Percentage	74.00%
Common Class A [Member]
Shares Issued, Price Per Share				$ 12
Common Class A [Member] | Subsequent Event [Member]
Shares Issued, Price Per Share			$ 12

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Options, Total unvested at March 31, 2017	410,833	0
Weighted Average Exercise Price, beginning of the period	$ 0
Weighted Average Exercise Price, granted	2.64
Weighted Average Exercise Price, end of the period	$ 6.85
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Options, Total outstanding at the beginning of the period	0
Number of Stock Options, Options granted	455,000
Number of Stock Options, Options exercised	0
Number of Stock Options, Actual options forfeited	0
Number of Stock Options, Options expired	0
Number of Stock Options, Total outstanding at the end of the period	455,000
Number of Stock Options, Total exercisable at March 31, 2017	44,167
Number of Stock Options, Total unvested at March 31, 2017	410,833
Number of Stock Options, Total vested or expected to vest - March 31, 2017	455,000
Weighted Average Exercise Price, beginning of the period	$ 0
Weighted Average Exercise Price, granted	6.83
Weighted Average Exercise Price, end of the period	6.83
Weighted Average Exercise Price, Total exercisable at March 31, 2017	6.64
Weighted Average Exercise Price, Total unvested at March 31, 2017	6.85
Weighted Average Exercise Price, Total vested or expected to vest - March 31, 2017	$ 6.83
Weighted Average Remaining Contract Term, Options granted	4 years 9 months 18 days
Weighted Average Remaining Contract Term, Total outstanding	4 years 9 months 18 days
Weighted Average Remaining Contract Term, Total exercisable at March 31, 2017	4 years 9 months 4 days
Weighted Average Remaining Contract Term, Total unvested at March 31, 2017	4 years 9 months 18 days
Weighted Average Remaining Contract Term, Total vested or expected to vest - March 31, 2017	4 years 9 months 18 days
Aggregate Intrinsic Value, Total outstanding at December 31, 2016	$ 0
Aggregate Intrinsic Value, Options granted	0
Aggregate Intrinsic Value, Total outstanding at March 31, 2017	0
Aggregate Intrinsic Value, Total exercisable at March 31, 2017	0
Aggregate Intrinsic Value, Total unvested at March 31, 2017	0
Aggregate Intrinsic Value, Total vested or expected to vest - March 31, 2017	$ 0

Share-Based Compensation (Det28

Share-Based Compensation (Details 1)	3 Months Ended
	Mar. 31, 2017$ / sharesshares
Number of Stock Options, Total unvested - December 31, 2016 | shares	0
Number of Stock Options, Granted | shares	455,000
Number of Stock Options, Vested | shares	(44,167)
Number of Stock Options, Cancellations | shares	0
Number of Stock Options, Total unvested - March 31, 2017 | shares	410,833
Weighted Average Exercise Price, beginning of the period | $ / shares	$ 0
Weighted Average Exercise Price, Granted | $ / shares	6.83
Weighted Average Exercise Price, Vested | $ / shares	6.64
Weighted Average Exercise Price, Cancellations | $ / shares	0
Weighted Average Exercise Price, end of the period | $ / shares	$ 6.85

Share-Based Compensation (Det29

Share-Based Compensation (Details 2)	3 Months Ended
	Mar. 31, 2017$ / shares
Valuation assumptions:
Expected dividend yield	0.00%
Expected equity volatility	57.00%
Expected term (years)	2 years 4 months 2 days
Risk-free interest rate	1.94%
Exercise price per stock option (in dollars per share)	$ 6.83
Market price per share (in dollars per share)	5.78
Weighted average fair value per stock option (in dollars per share)	$ 2.64

Share-Based Compensation (Det30

Share-Based Compensation (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jan. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 132,785	$ 0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 1,083,450
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares	44,167
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	1,000,000
Scenario, Forecast [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized							1,250,000
Scenario, Forecast [Member] | Equity Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense			$ 15,561	$ 129,017	$ 535,517	$ 403,355
Straight-line [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 116,600
Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 16,185	$ 0

Earnings Per Share (Details)

Earnings Per Share (Details) - shares		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Basic weighted-average shares outstanding		9,066,034	8,760,000
Effect of dilutive securities:
Assumed issuance of shares from exercise of stock options	[1]	0	0
Assumed issuance of shares from exercise of warrants	[1]	0	45,938
Diluted weighted-average shares outstanding		9,066,034	8,805,938
[1]	The additional shares from the exercise of stock options and warrants for the three months ended March 31, 2017 are anti-dilutive in nature, and as a result are excluded from the determination of diluted weighted-average shares outstanding.

Programming Costs (Details)

Programming Costs (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Programming Costs [Line Items]
Released, net of accumulated amortization of $4,276,169 and $3,801,963, respectively	$ 3,453,169	$ 3,228,440
In production	157,472	100,000
In development	716,070	649,113
Capitalized Computer Software, Net	$ 4,326,711	$ 3,977,553

Programming Costs (Details) (Pa

Programming Costs (Details) (Parenthetical) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Programming Costs [Line Items]
Capitalized Computer Software, Accumulated Amortization	$ 4,276,169	$ 3,801,963

Intangible Asset - Video Cont34

Intangible Asset - Video Content License (Details Textual) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Intangible Assets, Net (Excluding Goodwill)	$ 5,000,000	$ 5,000,000

Senior Secured Notes Payable 35

Senior Secured Notes Payable and Senior Secured Revolving Line of Credit (Details Textual) - USD ($)	May 12, 2016	Apr. 27, 2018	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2018	May 31, 2017	Dec. 31, 2016
Class of Warrant or Right, Number of Securities Called by Warrants or Rights			50,000
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 12
Warrants Not Settleable in Cash, Fair Value Disclosure	$ 424,025		$ 1,079,360
Amortization of Debt Discount (Premium)			364,311	$ 0
Warrants Expiration Date	May 12, 2021
Repayments of Lines of Credit			980,000	$ 0
Long-term Line of Credit			3,641,763				$ 3,316,488
Commercial Loan [Member] | Scenario, Forecast [Member]
Repayments of Lines of Credit		$ 1,700,000
Long-term Line of Credit					$ 1,500,000
Revolving Credit Facility [Member]
Amortization of Debt Discount (Premium)			81,045
Amortization of Debt Issuance Costs			1,422
Debt Instrument, Periodic Payment, Interest			40,737
Line of Credit Facility, Maximum Borrowing Capacity	$ 4,500,000
Line of Credit Facility, Expiration Date	Jan. 2, 2019
Line of Credit Facility, Interest Rate During Period	5.00%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.75%
Class W warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	157,500					460,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 7.50					$ 7.50
Senior Notes [Member]
Debt Instrument, Face Amount						$ 5,000,000
Debt Instrument, Interest Rate, Stated Percentage						5.00%
Amortization of Debt Discount (Premium)			283,266
Amortization of Debt Issuance Costs			20,454
Debt Instrument, Periodic Payment, Interest			$ 48,903

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended	7 Months Ended
	Apr. 17, 2017	May 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Nov. 30, 2016	May 31, 2017	Dec. 31, 2016
Preferred Stock, Shares Authorized			10,000,000				10,000,000
Stock Issued During Period, Shares, New Issues	2,241,983
Class of Warrant or Right, Number of Securities Called by Warrants or Rights			50,000
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 12
Proceeds from Issuance of Common Stock			$ 925,662	$ 0
Two Thousand Sixteen Equity Private Placement [Member]
Sale of Stock, Number of Shares Issued in Transaction					17,096
Proceeds from Issuance of Private Placement					$ 1,025,760
Class of Warrant or Right, Number of Securities Called by Warrants or Rights					51,288
Class of Warrant or Right, Exercise Price of Warrants or Rights					$ 7.50
Class of Warrant or Right, Expiration Date					Mar. 31, 2021
Sale of Stock, Price Per Share					$ 60
Two Thousand Seventeen Equity Private Placement [Member]
Sale of Stock, Number of Shares Issued in Transaction						15,011
Proceeds from Issuance of Private Placement						$ 975,710
Class of Warrant or Right, Number of Securities Called by Warrants or Rights						45,034
Class of Warrant or Right, Exercise Price of Warrants or Rights						$ 7.50
Class of Warrant or Right, Expiration Date						Mar. 31, 2021
Sale of Stock, Price Per Share						$ 65
Trema, LLC [Member]
Stock Issued			$ 792,000
Common Class A [Member]
Common Stock, Par or Stated Value Per Share			$ 0.0001				$ 0.0001
Common Stock, Shares Authorized			70,000,000				70,000,000
Common Stock, Shares, Outstanding			1,042,030				893,369
Shares Issued, Price Per Share	$ 12
Stock Issued During Period, Shares, New Issues	2,500,000
Class of Warrant or Right, Number of Securities Called by Warrants or Rights			50,000
Proceeds from Issuance of Common Stock			$ 487,500
Common Class A [Member] | Two Thousand Sixteen Equity Private Placement [Member]
Stock Issued During Period, Shares, New Issues					170,960
Common Class A [Member] | Two Thousand Seventeen Equity Private Placement [Member]
Stock Issued During Period, Shares, New Issues						150,112
Common Class A [Member] | Other Party [Member]
Stock Issued During Period, Shares, New Issues			55,000
Common Class B [Member]
Common Stock, Par or Stated Value Per Share			$ 0.0001				$ 0.0001
Common Stock, Shares Authorized			20,000,000				20,000,000
Common Stock, Shares, Outstanding			8,071,955				8,071,955
Shares Issued, Price Per Share			$ 16
Common Class B [Member] | Chicken Soup for the Soul, LLC [Member]
Stock Issued During Period, Shares, Purchase of Assets		8,600,568
Common Class B [Member] | Trema, LLC [Member]
Stock Issued During Period, Shares, Purchase of Assets		159,432

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Tax Expense (Benefit)	$ 199,000	$ 162,000
Effective Income Tax Rate Reconciliation, Percent	304.00%	42.00%

Related Party Transactions (Det

Related Party Transactions (Details Textual) - USD ($)	1 Months Ended	3 Months Ended
	May 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Sep. 30, 2016
Related Party Transaction [Line Items]
Management Fee Expense,Percenatge			5.00%
License Costs		$ 141,710	$ 111,364
Prepaid Distribution Costs		2,273,320		$ 592,786
Sales Revenue, Goods, Net		1,417,098	1,113,637
Proceeds from Notes Payable		1,925,000	0
Selling, General and Administrative Expense		260,008	112,325
2017 Equity Private Placement [Member]
Related Party Transaction [Line Items]
Proceeds from Notes Payable		1,413,140
Debt Private Placement [Member]
Related Party Transaction [Line Items]
Proceeds from Notes Payable		$ 2,030,000
Video Content [Member]
Related Party Transaction [Line Items]
Net Distribution Fee,Percentage		30.00%
Editorial Content [Member]
Related Party Transaction [Line Items]
Net Distribution Fee,Percentage		5.00%
Online [Member]
Related Party Transaction [Line Items]
Sales Revenue, Goods, Net		$ 157,738	0
A Sharp Inc [Member]
Related Party Transaction [Line Items]
Prepaid Distribution Costs		$ 3,000,000
A Sharp Inc [Member] | Video Content [Member]
Related Party Transaction [Line Items]
Net Distribution Fee,Percentage		40.00%
A Sharp Inc [Member] | Editorial Content [Member]
Related Party Transaction [Line Items]
Net Distribution Fee,Percentage		15.00%
A Sharp Inc [Member] | Online [Member]
Related Party Transaction [Line Items]
Sales Revenue, Goods, Net		$ 86,310	0
Low Profile Films Inc [Member]
Related Party Transaction [Line Items]
Selling, General and Administrative Expense		35,000	15,000
Soul, LLC [Member]
Related Party Transaction [Line Items]
Management Fee Expense		70,855	$ 55,682
Sales Commission,Percentage			20.00%
License Costs	$ 5,000,000	$ 70,855	$ 55,682
Payments for License Fees	1,500,000
Incremental Recurring License Fee,Percentage			4.00%
Marketing Support Fees,Percentage			1.00%
Soul, LLC [Member] | CSS License Note [Member]
Related Party Transaction [Line Items]
Debt Instrument, Face Amount	$ 3,500,000
Debt Instrument, Interest Rate, Stated Percentage	0.50%
Investor [Member] | A Sharp Inc [Member]
Related Party Transaction [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners					23.00%
Third Parties [Member] | A Sharp Inc [Member]
Related Party Transaction [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners					2.00%
Subsidiary of Soul LLC [Member] | A Sharp Inc [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage					75.00%

Subsequent Events (Details Text

Subsequent Events (Details Textual) - USD ($)	May 30, 2018	Nov. 03, 2017	Apr. 27, 2018	Aug. 17, 2017	Mar. 31, 2017	Mar. 31, 2016	Mar. 27, 2018	May 12, 2016
Subsequent Event [Line Items]
Proceeds from Lines of Credit					$ 1,300,000	$ 0
Class of Warrant or Right, Number of Securities Called by Warrants or Rights					50,000
Class of Warrant or Right, Exercise Price of Warrants or Rights					$ 12
Repayments of Lines of Credit					$ 980,000	$ 0
Scenario, Forecast [Member] | Commercial Loan [Member]
Subsequent Event [Line Items]
Repayments of Lines of Credit			$ 1,700,000
Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity								$ 4,500,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Proceeds from Issuance Initial Public Offering				$ 26,900,000
Net Proceeds from Issuance Initial Public Offering after Deducting Cash Selling Agent Discounts and Commissions and Offering Expenses				24,000,000
Repayments of Short-term Debt				4,100,000
Repayments of Secured Debt				4,500,000
Line of Credit Facility, Maximum Borrowing Capacity			7,500,000
Proceeds from Lines of Credit			$ 5,000,000
Debt Instrument, Interest Rate, Stated Percentage			5.75%
Repayments of Lines of Credit				4,500,000
Subsequent Event [Member] | Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 2,500,000
Proceeds from Long-term Lines of Credit			$ 2,200,000
Subsequent Event [Member] | Revolving Credit Facility [Member] | Prime Rate [Member]
Subsequent Event [Line Items]
Debt Instrument, Description of Variable Rate Basis			prime rate plus 1.5%
Common Class A [Member]
Subsequent Event [Line Items]
Stock Repurchase Program, Authorized Amount							$ 5,000,000
Class of Warrant or Right, Number of Securities Called by Warrants or Rights					50,000
Common Class A [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Stock Repurchased During Period, Shares	41,949
Common Class A [Member] | Subsequent Event [Member] | Screen Media Ventures, LLC [Member]
Subsequent Event [Line Items]
Payments to Acquire Businesses, Gross		$ 4,900,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares		35,000
Common Class A [Member] | IPO [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Sale of Stock, Consideration Received on Transaction				$ 30,000,000
Sale of Stock, Number of Shares Issued in Transaction				2,500,000
Sale of Stock, Price Per Share				$ 12