Chicken Soup for the Soul Entertainment (CSSEQ) 10-Q 22 Dec 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Dec. 20, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-38125
Entity Registrant Name	CHICKEN SOUP FOR THE SOUL ENTERTAINMENT, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	81-2560811
Entity Address, Address Line One	132 East Putnam Avenue – Floor 2W
Entity Address, City or Town	Cos Cob
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06807
City Area Code	855
Local Phone Number	398-0443
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001679063
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Amendment Flag	false
Class A Common Stock and Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		32,215,813
Class A Common Stock
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		24,561,307
Trading Symbol	CSSE
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		7,654,506
Common Stock Purchase Warrant
Document Information [Line Items]
Title of 12(b) Security	Common Stock Purchase Warrant
Security Exchange Name	NASDAQ
Trading Symbol	CSSEL
9.75% Series A Cumulative Redeemable Perpetual Preferred Stock
Document Information [Line Items]
Title of 12(b) Security	9.75% Series A Cumulative Redeemable Perpetual Preferred Stock
Security Exchange Name	NASDAQ
Trading Symbol	CSSEP
9.50% Notes Due 2025
Document Information [Line Items]
Title of 12(b) Security	9.50% Notes Due 2025
Security Exchange Name	NASDAQ
Trading Symbol	CSSEN
Class Z Warrants
Document Information [Line Items]
Title of 12(g) Security	Class Z Warrants
Trading Symbol	CSSEZ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Cash, cash equivalents and restricted cash of $3,657,070 and $3,706,153, respectively	$ 4,063,889	$ 18,738,395
Accounts receivable, net of allowance for doubtful accounts of $2,097,332 and $1,277,597, respectively	157,752,358	113,963,425
Prepaid expenses and other current assets	9,013,057	13,196,180
Operating lease right-of-use assets	13,690,157	16,315,342
Content assets, net	105,320,794	126,090,508
Intangible assets, net	44,521,255	305,425,709
Goodwill	120,494,059	260,748,057
Other assets, net	26,478,411	29,401,793
Total assets	481,333,980	883,879,409
LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY
Accounts payable	80,802,578	50,960,682
Accrued expenses	74,358,659	87,817,015
Due to affiliated companies	3,222,990	3,778,936
Programming obligations	66,309,363	55,883,788
Film library acquisition obligations	38,009,206	39,750,121
Accrued participation costs	49,799,197	28,695,713
Debt, net	531,352,086	479,653,611
Contingent consideration	6,677,449	7,311,949
Put option obligation	4,100,000	11,400,000
Operating lease liabilities	15,180,113	18,079,469
Other liabilities	20,246,439	20,800,186
Total liabilities	890,058,080	804,131,470
Commitments and contingencies (Note 15)
Stockholders' (Deficit) Equity:
Series A cumulative redeemable perpetual preferred stock, $.0001 par value, liquidation preference of $25.00 per share, 10,000,000 shares authorized; 6,004,049 and 4,496,345 shares issued and outstanding, respectively; redemption value of $150,101,225 and $112,408,625, respectively	600	450
Additional paid-in capital	403,012,833	355,185,280
Deficit	(783,416,716)	(247,752,446)
Accumulated other comprehensive income	(93,868)	47,528
Class A common stock held in treasury, at cost (2,433,042 and 2,422,842 shares, respectively)	(28,165,913)	(28,165,913)
Total stockholders' (deficit) equity	(408,659,663)	79,317,224
Noncontrolling interests	(64,437)	430,715
Total (deficit) equity	(408,724,100)	79,747,939
Total liabilities and equity	481,333,980	883,879,409
Class A Common Stock
Stockholders' (Deficit) Equity:
Common stock value	2,635	1,559
Class B Common Stock
Stockholders' (Deficit) Equity:
Common stock value	$ 766	$ 766

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Restricted cash	$ 3,657,070	$ 3,706,153
Accounts Receivable	$ 2,097,332	$ 1,277,597
Series A Preferred Stock
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Liquidation Preference Per Share	$ 25	$ 25
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	6,004,049	4,496,345
Preferred Stock, Shares Outstanding	6,004,049	4,496,345
Preferred Stock, Redemption Amount	$ 150,101,225	$ 112,408,625
Class A Common Stock
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	140,000,000	140,000,000
Common Stock, Shares, Issued	26,469,201	15,621,562
Common Stock, Shares, Outstanding	24,036,159	13,198,720
Treasury Stock, Common, Shares	2,433,042	2,422,842
Class B Common Stock
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	7,654,506	7,654,506
Common Stock, Shares, Outstanding	7,654,506	7,654,506

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Condensed Consolidated Statements of Operations
Net revenues	$ 65,723,886	$ 72,392,263	$ 255,233,242	$ 139,235,407
Costs and expenses
Operating	65,889,842	60,155,906	227,481,977	114,327,838
Selling, general and administrative	25,466,875	27,632,865	82,786,956	55,795,064
Amortization and depreciation	10,452,032	6,349,026	32,630,834	9,677,727
Impairment of intangible assets and goodwill	374,706,666		374,706,666
Management and license fees	3,886,794	4,774,758	16,665,284	11,459,073
Merger, transaction, and other costs		15,476,452		17,503,791
Total costs and expenses	480,402,209	114,389,007	734,271,717	208,763,493
Operating loss	(414,678,323)	(41,996,744)	(479,038,475)	(69,528,086)
Interest expense	20,924,973	7,658,665	55,492,331	10,991,894
Other non-operating income, net	(939,328)	(4,551,004)	(3,004,513)	(5,032,201)
Loss before income taxes and preferred dividends	(434,663,968)	(45,104,405)	(531,526,293)	(75,487,779)
Income tax benefit	(4,715,748)	(27,320,839)	(5,400,284)	(27,286,839)
Net loss before noncontrolling interests and preferred dividends	(429,948,220)	(17,783,566)	(526,126,009)	(48,200,940)
Net loss attributable to noncontrolling interests	(155,074)	(167,289)	(359,678)	(348,024)
Net loss attributable to Chicken Soup for the Soul Entertainment, Inc.	(429,793,146)	(17,616,277)	(525,766,331)	(47,852,916)
Less: preferred dividends	3,561,592	2,443,970	9,897,939	7,117,481
Net loss available to common stockholders	$ (433,354,738)	$ (20,060,247)	$ (535,664,270)	$ (54,970,397)
Net loss per common share:
Basic (in dollars per share)	$ (13.78)	$ (1.13)	$ (19.65)	$ (3.43)
Diluted (in dollars per share)	$ (13.78)	$ (1.13)	$ (19.65)	$ (3.43)
Weighted-average common shares outstanding:
Basic	31,442,984	17,802,522	27,256,807	16,040,097
Diluted	31,442,984	17,802,522	27,256,807	16,040,097

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Condensed Consolidated Statements of Comprehensive Loss
Net loss	$ (429,948,220)	$ (17,783,566)	$ (526,126,009)	$ (48,200,940)
Other comprehensive income (loss):
Foreign currency translation adjustments	(44,685)	90,212	(276,870)	63,600
Comprehensive loss (income) attributable to noncontrolling interests	21,786	(41,941)	135,474	(27,214)
Comprehensive loss	$ (429,971,119)	$ (17,735,295)	$ (526,267,405)	$ (48,164,554)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' (Deficit) Equity - USD ($)	Class A Common Stock Common Stock 1091 Media, LLC	Class A Common Stock Common Stock Redbox Entertainment Inc.	Class A Common Stock Common Stock Landmark Studios Group	Class A Common Stock Common Stock Lincoln Park	Class A Common Stock Common Stock Director	Class A Common Stock Common Stock	Class A Common Stock Lincoln Park	Class B Common Stock Common Stock	Preferred Stock 1091 Media, LLC	Preferred Stock	Additional Paid-in Capital 1091 Media, LLC	Additional Paid-in Capital Redbox Entertainment Inc.	Additional Paid-in Capital Lincoln Park	Additional Paid-in Capital Director	Additional Paid-in Capital	Deficit	Treasury Stock, Common [Member]	Accumulated Other Comprehensive Income (Loss)	Subsidiary convertible Preferred Stock	Noncontrolling Interests Locomotive Global Inc.	Noncontrolling Interests	Locomotive Global Inc.	1091 Media, LLC	Redbox Entertainment Inc.	Lincoln Park	Director	Total
Balance at Dec. 31, 2021						$ 899		$ 766		$ 370					$ 240,609,345	$ (136,462,244)	$ (13,202,407)		$ 571		$ 651,853						$ 91,599,153
Balance (in shares) at Dec. 31, 2021						8,964,330		7,654,506		3,698,318
Share based compensation - stock options															933,047												933,047
Share based compensation - common stock															63,750												63,750
Issuance of common stock, net			$ 8
Issuance of common stock, net (in shares)			84,000
Issuance of preferred stock, net										$ 5					1,288,734												1,288,739
Issuance of preferred stock, net (in shares)										52,060
Locomotive business combination / 1091 business combination / Redbox business combination	$ 38								$ 8		$ 5,283,705									$ 144,118		$ 144,118	$ 5,283,751
Locomotive business combination / 1091 business combination / Redbox business combination (in shares)	375,000								80,000
Acquisition of subsidiary noncontrolling interest															(2,200,008)												(2,200,000)
Purchase of treasury stock																	(8,584,102)										(8,584,102)
Dividends on preferred stock																(2,282,069)											(2,282,069)
Net loss attributable to noncontrolling interests																					(38,385)						(38,385)
Other comprehensive loss, net																			(1,604)								(1,604)
Comprehensive loss attributable to noncontrolling interests																			(1,015)		1,015
Net loss																(11,844,891)											(11,844,891)
Balance at Mar. 31, 2022						$ 945		$ 766		$ 383					245,978,573	(150,589,204)	(21,786,509)		(18)		756,571						74,361,507
Balance (in shares) at Mar. 31, 2022						9,423,330		7,654,506		3,830,378
Balance at Dec. 31, 2021						$ 899		$ 766		$ 370					240,609,345	(136,462,244)	(13,202,407)		571		651,853						91,599,153
Balance (in shares) at Dec. 31, 2021						8,964,330		7,654,506		3,698,318
Comprehensive loss attributable to noncontrolling interests																											27,214
Net loss																											(47,852,916)
Balance at Sep. 30, 2022						$ 1,555		$ 766		$ 407					343,374,588	(191,432,641)	(27,158,429)		36,957		475,161						125,298,364
Balance (in shares) at Sep. 30, 2022						15,550,276		7,654,506		4,073,491
Balance at Mar. 31, 2022						$ 945		$ 766		$ 383					245,978,573	(150,589,204)	(21,786,509)		(18)		756,571						74,361,507
Balance (in shares) at Mar. 31, 2022						9,423,330		7,654,506		3,830,378
Share based compensation - stock options															894,108												894,108
Share based compensation - common stock															63,750												63,750
Issuance of common stock, net						$ 16									1,120,403												1,120,419
Issuance of common stock, net (in shares)						155,871
Issuance of preferred stock, net										$ 11					2,727,469												2,727,480
Issuance of preferred stock, net (in shares)										112,770
Stock issued under ESPP						$ 1									89,825												89,826
Stock issued under ESPP (in shares)						12,133
Stock issued as payment for management and licensing fees					$ 2									$ (2)
Stock issued as payment for management and licensing fees (in shares)					16,998
Purchase of treasury stock																	(5,371,920)										(5,371,920)
Dividends on preferred stock																(2,391,442)											(2,391,442)
Net loss attributable to noncontrolling interests																					(142,350)						(142,350)
Other comprehensive loss, net																			(25,008)								(25,008)
Comprehensive loss attributable to noncontrolling interests																			13,712		(13,712)
Net loss																(18,391,748)											(18,391,748)
Balance at Jun. 30, 2022						$ 964		$ 766		$ 394					250,874,126	(171,372,394)	(27,158,429)		(11,314)		600,509						52,934,622
Balance (in shares) at Jun. 30, 2022						9,608,332		7,654,506		3,943,148
Share based compensation - stock options															798,600												798,600
Share based compensation - common stock															63,750												63,750
Share based compensation - Redbox															2,232,182												2,232,182
Issuance of common stock, net						$ 22									2,255,748												2,255,770
Issuance of common stock, net (in shares)						219,095
Issuance of preferred stock, net										$ 13					3,100,463												3,100,476
Issuance of preferred stock, net (in shares)										130,343
Stock options exercised						$ 4									301,700												301,704
Stock options exercised (in shares)						40,000
Stock issued under ESPP						$ 1									67,548												67,549
Stock issued under ESPP (in shares)						9,124
Locomotive business combination / 1091 business combination / Redbox business combination		$ 466										$ 68,760,500												$ 68,760,966
Locomotive business combination / 1091 business combination / Redbox business combination (in shares)		4,662,195
Warrant issued and exercised - HPS						$ 98									14,919,971												14,920,069
Warrant issued and exercised - HPS (in shares)						1,011,530
Dividends on preferred stock																(2,443,970)											(2,443,970)
Net loss attributable to noncontrolling interests																					(167,289)						(167,289)
Other comprehensive loss, net																			90,212								90,212
Comprehensive loss attributable to noncontrolling interests																			(41,941)		41,941						41,941
Net loss																(17,616,277)											(17,616,277)
Balance at Sep. 30, 2022						$ 1,555		$ 766		$ 407					343,374,588	(191,432,641)	(27,158,429)		$ 36,957		475,161						125,298,364
Balance (in shares) at Sep. 30, 2022						15,550,276		7,654,506		4,073,491
Balance at Dec. 31, 2022						$ 1,559		$ 766		$ 450					355,185,280	(247,752,446)	(28,165,913)	$ 47,528			430,715						79,747,939
Balance (in shares) at Dec. 31, 2022						15,621,562		7,654,506		4,496,345
Share based compensation - stock options															850,821												850,821
Share based compensation - common stock															63,750												63,750
Issuance of common stock, net				$ 50		$ 21							$ 1,469,950		1,887,220										$ 1,470,000		1,887,241
Issuance of common stock, net (in shares)				500,000		359,831
Issuance of preferred stock, net										$ 61					10,657,221												10,657,282
Issuance of preferred stock, net (in shares)										617,182
Stock issued under ESPP						$ 18									156,773												156,791
Stock issued under ESPP (in shares)						8,703
Stock issued as payment for management and licensing fees						$ 113									3,449,887												3,450,000
Stock issued as payment for management and licensing fees (in shares)						1,131,148
Dividends on preferred stock																(3,012,591)											(3,012,591)
Net loss attributable to noncontrolling interests																					(127,662)						(127,662)
Other comprehensive loss, net																		(174,934)									(174,934)
Comprehensive loss attributable to noncontrolling interests																		(85,698)			85,698
Net loss																(55,564,542)											(55,564,542)
Balance at Mar. 31, 2023						$ 1,761		$ 766		$ 511					373,720,902	(306,329,579)	(28,165,913)	(41,708)			217,355						39,404,095
Balance (in shares) at Mar. 31, 2023						17,621,244		7,654,506		5,113,527
Balance at Dec. 31, 2022						$ 1,559		$ 766		$ 450					355,185,280	(247,752,446)	(28,165,913)	47,528			430,715						79,747,939
Balance (in shares) at Dec. 31, 2022						15,621,562		7,654,506		4,496,345
Issuance of common stock, net (in shares)							500,000
Stock issued as payment for management and licensing fees																										$ 42,500
Stock issued as payment for management and licensing fees (in shares)																										35,714
Comprehensive loss attributable to noncontrolling interests																											(135,474)
Net loss																											(525,766,331)
Balance at Sep. 30, 2023						$ 2,635		$ 766		$ 600					403,012,833	(783,416,716)	(28,165,913)	(93,868)			(64,437)						(408,724,100)
Balance (in shares) at Sep. 30, 2023						26,469,201		7,654,506		6,004,049
Balance at Mar. 31, 2023						$ 1,761		$ 766		$ 511					373,720,902	(306,329,579)	(28,165,913)	(41,708)			217,355						39,404,095
Balance (in shares) at Mar. 31, 2023						17,621,244		7,654,506		5,113,527
Share based compensation - stock options															594,613												594,613
Share based compensation - common stock															63,750												63,750
Issuance of common stock, net						$ 787									15,099,652												15,100,439
Issuance of common stock, net (in shares)						7,978,888
Issuance of preferred stock, net										$ 44					6,281,767												6,281,811
Issuance of preferred stock, net (in shares)										443,078
Stock issued as payment for management and licensing fees						$ 40									1,231,547												1,231,587
Stock issued as payment for management and licensing fees (in shares)						403,799
Dividends on preferred stock																(3,323,756)											(3,323,756)
Net loss attributable to noncontrolling interests																					(76,942)						(76,942)
Other comprehensive loss, net																		(57,251)									(57,251)
Comprehensive loss attributable to noncontrolling interests																		27,990			(27,990)
Net loss																(40,408,643)											(40,408,643)
Balance at Jun. 30, 2023						$ 2,588		$ 766		$ 555					396,992,231	(350,061,978)	(28,165,913)	(70,969)			112,423						18,809,703
Balance (in shares) at Jun. 30, 2023						26,003,931		7,654,506		5,556,605
Share based compensation - stock options															770,235												770,235
Share based compensation - common stock															106,250												106,250
Issuance of common stock, net						$ 4									149,996												150,000
Issuance of common stock, net (in shares)						35,714
Issuance of preferred stock, net										$ 45					3,910,696												3,910,741
Issuance of preferred stock, net (in shares)										447,444
Stock issued under ESPP						$ 11									111,759												111,770
Stock issued under ESPP (in shares)						110,966
Stock issued as payment for management and licensing fees						$ 32									971,666												971,698
Stock issued as payment for management and licensing fees (in shares)						318,590
Dividends on preferred stock																(3,561,592)											(3,561,592)
Net loss attributable to noncontrolling interests																					(155,074)						(155,074)
Other comprehensive loss, net																		(44,685)									(44,685)
Comprehensive loss attributable to noncontrolling interests																		21,786			(21,786)						(21,786)
Net loss																(429,793,146)											(429,793,146)
Balance at Sep. 30, 2023						$ 2,635		$ 766		$ 600					$ 403,012,833	$ (783,416,716)	$ (28,165,913)	$ (93,868)			$ (64,437)						$ (408,724,100)
Balance (in shares) at Sep. 30, 2023						26,469,201		7,654,506		6,004,049

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows	9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($) shares
Cash flows from Operating Activities:
Net loss	$ (526,126,009)	$ (48,200,940)
Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation	2,449,419	5,049,187
Content asset impairment and amortization	56,483,118	30,794,640
Amortization of deferred financing and debt discount costs	3,124,154	710,885
Impairment of intangible assets and goodwill	374,706,666
Amortization and depreciation of intangibles, property and equipment	32,630,834	11,904,185
Bad debt and video return expense	2,702,319	1,962,407
Non-cash settlement of management and licensing fees	5,653,285
Interest expense added to debt	43,076,196
Loss on debt extinguishment		311,718
Deferred income taxes	(5,304,756)	(27,393,494)
Changes in operating assets and liabilities:
Trade accounts receivable	(46,491,252)	(16,531,079)
Prepaid expenses and other assets	9,658,047	(7,277,542)
Content assets	(28,790,030)	(83,647,302)
Accounts payable, accrued expenses and other payables	18,988,750	(6,876,274)
Film library acquisition and programming obligations	12,892,054	69,583,548
Accrued participation costs	21,103,484	17,470,589
Other liabilities	1,851,651	943,273
Net cash used in operating activities	(21,392,070)	(51,196,199)
Cash flows from Investing Activities:
Expenditures for property and equipment	(4,681,581)	(3,485,496)
Business combination, net of cash acquired		6,249,076
Net cash (used in) provided by investing activities	(4,681,581)	2,763,580
Cash flows from Financing Activities:
Repurchase of common stock		(13,956,022)
Payment of contingent consideration	(634,500)	(6,970,707)
Payment of put option obligation	(7,300,000)
Acquisition of noncontrolling interests		(750,000)
Payments of revolving loan	(390,830)	(26,121,191)
Payments on capital leases	(1,454,910)	(162,925)
Proceeds from 9.50% notes due 2025, net		11,094,946
Payments for film acquisition advances	(7,972,153)	(4,767,238)
Proceeds from issuance of preferred stock	20,849,835	7,116,695
Proceeds from revolving loan		55,679,945
Proceeds from film acquisition advances		20,330,867
Proceeds from exercise of stock options and warrants		301,704
(Decrease) increase in due to affiliated companies	(555,946)	2,099,908
Dividends paid to preferred stockholders	(9,591,725)	(7,042,832)
Net cash provided by financing activities	11,676,015	40,386,713
Effect of foreign exchanges on cash, cash equivalents and restricted cash	(276,870)	63,600
Net decrease in cash, cash equivalents and restricted cash	(14,674,506)	(7,982,306)
Cash, cash equivalents and restricted cash at beginning of period	18,738,395	44,286,105
Cash, cash equivalents and restricted cash at end of the period	4,063,889	36,303,799
Supplemental data:
Cash paid for interest	4,999,451	4,120,005
Non-cash investing activities:
Property and equipment in accounts payable and accrued expenses	590,654	552,231
Non-cash financing activities:
Class A common stock and additional consideration for acquisition of noncontrolling interest		2,228,680
Class A common stock and assumption of warrants for Redbox Merger		$ 70,005,148
Warrant issued in conjunction with HPS credit facility | shares		14,920,068
Non-cash settlement of management and licensing fees	5,653,285
Non-cash film acquisition advance	11,130,768
PIK interest added to HPS debt	43,076,196
Class A Common Stock
Cash flows from Financing Activities:
Proceeds from issuance of Class A common stock	$ 18,726,244	$ 3,533,563

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Parenthetical)	Sep. 30, 2023	Sep. 30, 2022	Jul. 17, 2020
9.50% Notes Due 2025
Reconciliation of cash and cash equivalents to the condensed consolidated balance sheets
Interest rate (as a percent)	9.50%	9.50%	9.50%

Description of the Business

Description of the Business	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business	Note 1 – Description of the Business ​ Chicken Soup for the Soul Entertainment, Inc. is a Delaware corporation formed on May 4, 2016, that provides premium content to value conscious consumers. The Company is one of the largest advertising-supported video-on-demand (AVOD) companies in the U.S., with three flagship AVOD streaming services: Redbox, Crackle and Chicken Soup for the Soul. In addition, the Company operates Redbox Free Live TV, a free ad-supported streaming television service (FAST), with approximately 180 channels as well as a transaction video-on-demand (TVOD) service. To provide original and exclusive content to its viewers, the company creates, acquires, and distributes films and TV series through its Screen Media and Chicken Soup for the Soul TV Group subsidiaries. Chicken Soup for the Soul Entertainment is a subsidiary of Chicken Soup for the Soul, LLC, which publishes the famous books series and produces super-premium pet food under the Chicken Soup for the Soul (CSS) brand name. References to “CSSE,” the “Company,” “we,” “us” and “our” refer to Chicken Soup for the Soul Entertainment, Inc. and its consolidated subsidiaries, unless the context otherwise requires. ​ The acquisition of Redbox in August 2022 added another established brand and leading home entertainment provider to the Chicken Soup for the Soul Entertainment portfolio of companies. For over 20 years, Redbox has focused on providing U.S. customers with the best value in entertainment and the most choice in how they consume it, through physical media and/or digital services. Through its physical media business, consumers can rent or purchase new-release DVDs and Blu-ray DiscsTM from its nationwide network of approximately 28,000 self-service kiosks. In the recent past, Redbox transformed from a pure-play DVD rental company to a multi-faceted entertainment company, providing additional value and choice to consumers through multiple digital products across a variety of content windows. The Redbox digital business includes Redbox On Demand, a TVOD service offering digital rental or purchase of new release and catalog movies; Redbox Free On Demand, an AVOD service providing free movies and TV shows on demand; and Redbox Free Live TV, an FLTV service giving access to approximately 180 linear channels. Redbox also generates service revenue by providing installation, merchandising and break-fix services to other kiosk businesses, and by selling third-party display advertising via its mobile app, website, and e-mails, as well as display and video advertising at the kiosk. ​ The Company is managed by the Company’s CEO, Mr. William J. Rouhana, Jr, and has historically operated and reported as one segment the production and distribution of video content. The Company currently operates in the United States and India and derives its revenue primarily in the United States. The Company distributes content in over 56 countries and territories worldwide. ​ Substantial Doubt Exists Regarding Our Ability To Continue As A Going Concern ​ The accompanying consolidated financial statements and notes have been prepared assuming the Company will continue as a going concern. For the nine months ended September 30, 2023, the Company generated negative cash flows from operations of $21.4 million and has a deficit of $783.4 million at September 30, 2023. ​ CSSE’s merger with Redbox occurred in August 2022. The merger included the assumption of $359.9 million of debt. The ability to service this debt was predicated on a partial return to pre-COVID levels in the number and cadence of theatrical releases that were available to the company for its kiosk network, as well as cost synergies. The corresponding rebound in demand for physical kiosk rentals was expected to return to approximately a third ​ The Company’s operating plan and budget called for the Company to obtain a working capital loan of up to $40 million secured by a first lien on the Company’s accounts receivable. A working capital loan meeting this criteria is specifically contemplated and permitted under the terms of the Company’s primary credit facility, and was expected to be sufficient to enable the Company to take advantage of the expected rebound in theatrical releases which was set to occur in the late spring of 2023. ​ While the Company was offered a loan facility by a reputable private lending fund on terms compliant with the credit facility, the new loan facility was not approved by the Company’s primary lender. Thus, as the flow of theatrical releases began to increase following Covid, the Company’s inability to secure the accounts receivable loan hampered its ability to pay for and secure new content, which began to strain relationships with the Company’s creditors, including content providers. As a result, the Company was unable to pay for all the movies that were offered to it by its providers, and as a result operating results failed to meet management’s expectations, particularly in Redbox’s kiosk rentals, resulting in insufficient cash flows and a significant working capital deficit hampering our ability to operate the business efficiently. ​ In order to partially replace the working capital shortfall resulting from the lack of the aforementioned working capital loan, the Company factored its short-dated receivables but was unable to factor its long-term receivables (which we expected to create additional liquidity generally sufficient to cover the shortfall). Also, the Company launched initiatives to improve its efficiency and reduce its cost structure, including, but not limited to, (i) optimizing its kiosk network, (ii) evaluating and implementing workforce reductions across its supply chain and corporate teams and (iii) maximizing cost synergies across the combined businesses. ​ The combination of these factors has resulted in asserted defaults and/or contractual terminations with critical content and service providers, impacting our ability to procure and monetize content efficiently across our distribution platforms. Due to the on-going impact of the above factors on our current and future results of operations, cash flows and financial condition, there is substantial doubt as to the ability of the Company to continue as a going concern. ​ In order to address these conditions, the Company has undertaken and is evaluating a number of strategic initiatives that management believes can provide sufficient financing to fund its operations. The Company has: i) hired an investment bank, Solomon Partners, and other advisors to help sell assets and to assess strategic alternatives to maximize the value for all shareholders; ii) procured three additional non-binding term sheets from third-party lenders, two for $50 million ​ The Company has evaluated the impact of the additional financing and restructuring actions and initiatives described above on its ability to continue as a going concern. Absent an amendment to the terms of our primary credit facility and a viable solution under one of the Company’s strategic alternatives, the Company intends to exercise all remedies available to it. ​ Our consolidated financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should we be unable to continue as a going concern. ​ Subsequent Events ​ Although the Company raised $5.9 million through private placements of its Series A Preferred Stock in the fourth quarter, the Company’s capital resources continued to worsen. The Company believes this is a continuing consequence of a breach by our primary lender of the Company’s credit facility. As a result of its diminished capital position, in the fourth quarter, the Company has received an increasing number of termination and/or non-renewal notices from content suppliers and other service providers, including receiving default notices under certain of its leases (offices, distribution facility, and its car fleet). The Company's inability to timely pay content providers has materially diminished the content available across the Company's distribution platforms and has had significant adverse effects on the Company's overall business and financial condition. ​ The Company intends to pursue all remedies available to it although there is no certainty of the remedies or recoveries the Company will be able to obtain, if any, and the timing of same. The Company also is working, and believes it may be able, to favorably renegotiate its material obligations; however, if the Company is unable to renegotiate acceptable terms or thereafter meet payment obligations under any renegotiated terms, the cumulative impact could have a continuing adverse impact on the Company’s operations and its financial position. As previously noted, the Company is evaluating all available strategic alternatives. ​ The Company has received two notices from Nasdaq advising the Company that it is not in compliance with certain Nasdaq listing requirements. This includes the failure of our Class A common stock to trade at or above the Nasdaq required minimum $1 threshold for 30 consecutive days. If the stock price does not increase to a level that satisfies this requirement, the Company intends to meet the minimum bid requirement through a reverse stock split. In November 2023, the Company failed to timely file its third quarter Form 10-Q with the SEC. The Company believes that it will hereafter timely file all required Exchange Act reports with the SEC, and will engage with Nasdaq on this requirement, there can be no assurance, however, that the Company’s filing of this Form 10-Q and undertaking to timely file all future reports will satisfy Nasdaq. If the Company is not be able to cure and meet the listing requirements with Nasdaq its Class A common stock (CSSE), 9.75% Series A Cumulative Redeemable Preferred Perpetual Stock (CSSEP), Common Stock Purchase Warrant (CSSEL) and 9.50% Notes due 2025 (CSSEN) may cease to be publicly traded on the Nasdaq Global Market. In such event the Company intends to list such securities on another Nasdaq market, although there can be no assurance the Company will meet the criteria of any other market or will be able to secure listing thereon. ​

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Summary of Significant Accounting Policies
Basis of Presentation and Summary of Significant Accounting Policies	Note 2 – Basis of Presentation and Summary of Significant Accounting Policies The accompanying interim condensed consolidated financial statements of Chicken Soup for the Soul Entertainment, Inc. and subsidiaries have been prepared in conformity with accounting principles generally accepted in the United States and are consistent in all material respects with those applied in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2023. These condensed consolidated financial statements are unaudited and have been prepared by the Company following the rules and regulations of the SEC. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted as permitted by such rules and regulations; however, the Company believes the disclosures are adequate to make the information presented not misleading. The interim financial information is unaudited, but reflects all normal recurring adjustments that are, in the opinion of management, necessary to fairly present the information set forth herein. The interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Interim results are not necessarily indicative of the results for a full year. The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and judgments that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant items subject to such estimates and assumptions include revenue recognition, estimated film ultimate revenues, impairment of intangible assets and goodwill, allowance for doubtful accounts, intangible assets, share-based compensation expense, valuation allowance for net deferred tax assets and amortization of programming and film library costs. The Company bases its estimates on historical experience and on various other assumptions that the Company believes to be reasonable under the circumstances. On a regular basis, the Company evaluates the assumptions, judgments, and estimates. Actual results may differ from these estimates. There have been no material changes in the Company’s significant accounting policies as compared to the significant accounting policies described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, except for the adoption ASU No. 2011-03, Transfers and Servicing (Topic 860): Reconsideration of Effective Control for Repurchase Agreements Sale of Receivables Reclassifications Certain amounts have been reclassified to conform to the current period’s presentation. Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include restricted cash of $3.7 million at September 30, 2023 and December 31, 2022. See Note 11 for additional information. Sale of Receivables During the quarter ended September 30, 2023, the Company began factoring its accounts receivable on a nonrecourse basis with various finance partners. These agreements contain customary representations and warranties, with certain agreements providing for a specific percentage holdback on an invoice until the earlier of collection by the transferee or 180 days, as well as obligating the Company to provide support to the transferee’s collection efforts in the event of nonpayment by our customer. As the Company does not maintain effective control over the transferred receivables, these transfers are derecognized from our Consolidated Balance Sheet. During the three and nine months ended September 30, 2023, the Company sold $18.4 million of receivables, received $17.0 million of cash and incurred discount fees of $0.9 million. The amount receivable from our factoring partners at September 30, 2023 is less than $1 million and our collection support efforts have been de minimis, therefore, no servicing Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization. Expenditures that extend the life, increase the capacity, or improve the efficiency of property and equipment are capitalized, while expenditures for repairs and maintenance are expensed as incurred. Depreciation and amortization are recognized using the straight-line method over the following approximate useful lives: ​ ​ ​ ​ ​ ​ ​ Useful Life Redbox kiosks and components ​ ​ 3 ​ Computers and software ​ ​ 2 ​ Leasehold improvements (shorter of life of asset or remaining lease term) ​ ​ 3 ​ Office furniture and equipment ​ ​ 5 ​ Vehicles ​ ​ 3 ​ ​ The value of the Company’s property and equipment as of September 30, 2023 and December 31, 2022 is included in Other assets, net on the Consolidated Balance Sheets and is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2023 ​ ​ 2022 Redbox kiosks and components ​ $ 13,163,000 ​ ​ $ 13,707,512 Computers and software ​ 18,867,700 ​ ​ 13,857,011 Leasehold improvements (shorter of life of asset or remaining lease term) ​ 5,119,077 ​ ​ 5,119,077 Office furniture and equipment ​ 1,306,881 ​ ​ 1,287,104 Vehicles ​ 1,631,026 ​ ​ 2,747,604 Property and equipment, at cost ​ ​ 40,087,684 ​ ​ ​ 36,718,308 Less: accumulated depreciation and amortization ​ ​ (17,412,376) ​ ​ ​ (11,570,457) Property and equipment, net ​ $ 22,675,308 ​ ​ $ 25,147,851 ​ During the three and nine months ended September 30, 2023 the Company recorded depreciation and amortization expense of $2,752,131 and $9,531,130, respectively. During the three and nine months ended September, 2022, the Company recorded depreciation and amortization expense of $1,854,480 and $2,021,295, respectively. Internal-Use Software The Company capitalizes costs incurred to develop or obtain internal-use software during the application development stage. Capitalization of software development costs occurs after the preliminary project stage is complete, management authorizes the project, and it is probable that the project will be completed, and the software will be used for the function intended. The Company expenses costs incurred for training, data conversion, and maintenance, as well as spending in the post-implementation stage. A subsequent addition, modification or upgrade to internal-use software is capitalized only to the extent that it enables the software to perform a task it previously could not perform. The internal-use software is included in computers and software under property and equipment in the Company’s Consolidated Balance Sheets. The Company amortizes internal-use software over its estimated useful life on a straight-line basis. Assumed Redbox Warrant Liabilities The Company classified its Redbox public and private placement warrants as a liability at their fair value. This liability is subject to remeasurement at each balance sheet date. With each such re-measurement, the warrant liability will be adjusted to fair value, with the change in fair value recognized in the Company’s Statements of Operations in Other non-operating income, net. The public warrants are valued at a market price based on a quoted price in an active market. As both the public and private warrants have mostly the same characteristics the quoted price is used to remeasure all of the warrants. See Note 16 for additional information. Asset Retirement Obligations The asset retirement obligation (“ARO”) represents the estimated amounts the Company is obligated to pay to return the space a Redbox kiosk occupies to its original condition upon removal of the kiosk. The Company utilizes current retirement costs to estimate the expected cash outflows for retirement obligations. The timing of kiosk removals cannot be reasonably determined. The Company’s $12.6 million of ARO liabilities are included in Other liabilities on the Consolidated Balance Sheets. Promotional Codes and Gift Cards Redbox offers its consumers the option to purchase stored value products in the form of bulk promotional codes and electronic gift cards. There are no expiration dates on these products and the Company does not charge service fees that cause a decrease to customer balances in the case of gift cards. Cash receipts from the sale of promotional codes and gift cards are recorded as deferred revenue in Accrued expenses and recognized as revenue upon redemption. Additionally, the Company recognizes revenue from non-redeemed or partially redeemed promotional codes and gift cards in proportion to the historical redemption patterns, referred to as “breakage.” Estimated breakage revenue is recognized over time in proportion to actual promotional code and gift card redemptions and is not material in any period presented. As of September 30, 2023 and December 31, 2022, $7.4 million and $7.3 million, respectively, were deferred related to purchased but unredeemed promotional codes and gift cards and are included in Accrued expenses in the accompanying Consolidated Balance Sheets. Loyalty Program Redbox Perks allows members to earn points based on transactional and non-transactional activities with Redbox. As customers accumulate points, the Company defers revenue based on its estimate of both the amount of consideration paid by Perks members to earn awards and the value of the eventual award it expects the members to redeem. The Company defers an appropriate amount of revenue in order to properly recognize revenue from Perks members in relation to the benefits of the program. The Company also estimates the quantity of points that will not be redeemed by Perks members (“breakage”). Breakage reduces the amount of revenue deferred from loyalty points over the period of, and in proportion to, the actual redemptions of loyalty points based on observed historical breakage and consumer rental patterns. As of September 30, 2023 and December 31, 2022, $1.7 million and $2.3 million, respectively, of revenue was deferred related to Perks and is included in Accrued expenses in the accompanying Consolidated Balance Sheets.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2023
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 3 – Recent Accounting Pronouncements Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”), which requires an entity to assess impairment of its financial instruments based on its estimate of expected credit losses. Since the issuance of ASU 2016-13, the FASB released several amendments to improve and clarify the implementation guidance. The provisions of ASU 2016-13 and the related amendments are effective for fiscal years (and interim reporting periods within those years) beginning after December 15, 2022 (fiscal year 2023 for the Company). Entities are required to apply these changes through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The adoption did not have a direct material impact on our financial statements. In October 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU 2021-08”) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which requires an acquirer in a business combination to recognize and measure contract assets and contract liabilities in accordance with Accounting Standards Codification Topic 606, Revenue from Contracts with Customers. The adoption did not have an immediate direct impact on our financial statements. Recently Issued Accounting Standards In June 2022, the FASB issued ASU No. 2022-03, “Fair Value Measurements (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions,” which clarifies and amends the guidance of measuring the fair value of equity securities subject to contractual restrictions that prohibit the sale of the equity securities. The guidance will be effective for fiscal years beginning after December 15, 2023 and interim periods within those fiscal years. We do not expect the adoption to have a material impact on our consolidated financial statements. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the condensed consolidated financial statements.

Business Combination

Business Combination	9 Months Ended
	Sep. 30, 2023
Business Combinations [Abstract]
Business Combination	Note 4 – Business Combinations Merger with Redbox Entertainment Inc . On August 11, 2022, the Company acquired all the outstanding equity interests of Redbox. Immediately prior to the merger closing, CSSE entered into a definitive financing arrangement with HPS Investment Partners, LLC (“HPS”), that amended Redbox’s existing credit facility and the Company issued a warrant to HPS to acquire 4.5% of CSSE on a fully diluted post-merger basis. See Note 11 and Note 16 for additional information. On closing of the merger, based on the exchange rate of 0.087 for each outstanding Redbox Class A common share, each vested and unvested restricted stock units and the common units of Redbox’s Redwood Intermediate LLC subsidiary, the Company issued an aggregate of approximately 4.7 million shares of Class A common stock and assumed the outstanding warrants of Redbox. Included in the Class A common stock were 199,231 shares issued in connection with the acceleration and settlement of outstanding Redbox’s restricted stock units, or RSUs. The preliminary fair value of the Redbox RSUs was $2.9 million, of which $0.7 million was associated with services rendered prior to the acquisition and the remaining $2.2 million was expensed upon the acceleration of vesting immediately following the completion of the acquisition. The results of operations and financial position of Redbox are included in the Company’s consolidated financial statements from the date of acquisition. The Company’s transaction costs of $17.5 million were expensed as incurred in the merger and transaction costs on the Consolidated Statement of Operations for the year ended December 31, 2022. The transaction was accounted for as a business combination. The purchase price consideration is determined with reference to the value of equity that the Company issued to the Redbox shareholders. The preliminary purchase price was calculated as follows: ​ ​ ​ ​ ​ Class A common stock $ 65,828,719 ​ Class A common stock issued upon vesting of Redbox RSUs ​ 703,244 ​ Class A common stock warrants issued to Redbox warrant holders ​ 3,473,185 ​ Total merger consideration $ 70,005,148 ​ ​ The acquisition of Redbox has been accounted for using the acquisition method of accounting, which requires that assets acquired, and liabilities assumed be recognized at their fair values as of the acquisition date. The following table summarizes the preliminary allocation of the purchase price to the assets acquired and liabilities assumed as of the acquisition date and subject to change up to one year after the date of acquisition and could result in changes to the amounts recorded below: ​ ​ ​ ​ ​ Assets acquired: ​ ​ ​ Cash, cash equivalents and restricted cash ​ $ 12,921,550 Accounts receivable ​ ​ 17,756,450 Content library ​ ​ 20,647,154 Prepaid expenses and other assets ​ ​ 16,439,902 Property and equipment ​ 15,504,940 Right-of-use assets ​ ​ 7,183,735 Intangible assets (1) ​ ​ 291,200,000 Goodwill ​ 211,932,734 Total assets acquired ​ ​ 593,586,465 ​ ​ ​ ​ Liabilities assumed: ​ ​ ​ Debt ​ ​ 359,854,921 Accounts payable and accrued expenses ​ ​ 87,406,063 Operating lease liabilities ​ ​ 7,183,736 Financing lease liabilities ​ ​ 2,241,304 Other liabilities ​ ​ 66,895,293 Total liabilities assumed ​ ​ 523,581,317 ​ ​ ​ ​ Net assets acquired ​ $ 70,005,148 (1) The weighted-average useful life of the intangible assets acquired is approximately 14 years . The above allocation of the purchase price was based upon certain preliminary valuations and other analyses. The purchase price allocations for this transaction were formalized in the third quarter of 2023. The identifiable intangible assets included customer relationships, technology and trade names and are being amortized on a straight-line basis ranging from 3 years to 15 years . The valuation methods requires judgments and assumptions to determine the fair value of intangible assets, including growth rates, discount rates, customer attrition rates, expected levels of cash flows, and tax rates. Key assumptions used included revenue projections for fiscal 2022 through 2037, a tax rate of 25% , a discount rate of 11% - 12% , and a royalty rate of 2% . The technology intangible asset was valued using the estimated replacement cost method. Goodwill is attributable to the workforce of Redbox as well as expected future growth into new and existing markets and approximately $7.9 million is deductible for income tax purposes. Unaudited Pro Forma Financial Information The following table reflects the pro forma operating results for the Company which gives effect to the acquisition of Redbox as if it had occurred on January 1, 2022. The pro forma results are based on assumptions that the Company believes are reasonable under the circumstances. The pro forma results are not necessarily indicative of future results. The pro forma financial information includes the historical results of the Company and Redbox adjusted for certain items, which are described below, and does not include the effects of any synergies or cost reduction initiatives related to the acquisition. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, 2022 ​ September 30, 2022 Net revenue ​ $ 99,561,227 ​ ​ $ 295,625,227 ​ Net loss ​ $ (57,047,000) ​ ​ $ (167,863,000) ​ ​ Pro forma net loss for the three and nine months ended September, 2022 reflect adjustments primarily related to acquisition costs, interest expense, the amortization of intangible assets and stock-based compensation expense. The unaudited pro forma financial information is not necessarily indicative of what the Company’s consolidated results would have been if the acquisition had been completed at the beginning of the period. 1091 Pictures Acquisition On March 4, 2022, the Company consummated its acquisition of certain of the assets of 1091 Media, LLC , including all of the outstanding equity of its operating subsidiary, TOFG LLC, which does business under the name 1091 Pictures (“1091 Pictures”). 1091 Pictures provides full-service distribution services to film and series owners, including access to platforms that reach more than 100 countries, and related marketing support, and has a library of approximately 4,000 licensed films and television shows. The Company paid consideration of $13,283,750 through the payment of $8,000,000 in cash, the issuance of 375,000 shares of the Company’s Class A common stock and the issuance of 80,000 shares of the Company’s Series A preferred stock. The Company has allocated the purchase price to the identifiable net assets acquired, including intangible assets and liabilities assumed, based on the estimated fair values at the date of acquisition. The excess of the purchase price over the amount allocated to the identifiable assets and liabilities was recorded as goodwill. The allocation of the purchase price to the fair values of the assets acquired and liabilities assumed at the date of the acquisition was as follows: ​ ​ ​ ​ ​ ​ ​ ​ Accounts receivable, net ​ $ 4,677,133 Content assets ​ ​ 4,695,000 Other assets ​ ​ 49,347 Intangibles ​ ​ 2,810,000 Goodwill ​ ​ 5,476,711 Total assets acquired ​ 17,708,191 Accounts payable and accrued expenses ​ 129,244 Revenue share payable ​ ​ 1,623,177 Accrued third-party share ​ ​ 3,999,544 Total liabilities assumed ​ 5,751,965 Net assets acquired ​ $ 11,956,226 ​ ​ ​ ​ ​ ​ Cash consideration ​ $ 8,000,000 Equity consideration - Class A common stock ​ ​ 3,303,750 Equity consideration - Series A Preferred Stock ​ ​ 1,980,000 Purchase price consideration ​ ​ 13,283,750 Less: cash acquired ​ ​ (1,327,524) Total Estimated Purchase Price ​ $ 11,956,226 ​ The $2,810,000 of acquired intangibles represents the estimated fair value of the quality control certification process, trademarks, technology and noncompete agreements. These definite lived intangible assets are being amortized on a straight-line basis over their estimated useful life of 24 Financial Impact of Acquisitions The following tables illustrate the stand-alone financial performance attributable to acquisitions included in the Company’s condensed consolidated statement of operations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2023 ​ ​ ​ Redbox ​ ​ 1091 ​ ​ Total Net revenue ​ $ 36,089,934 ​ $ 4,536,617 ​ $ 40,626,551 Net income (loss) ​ $ (393,023,009) ​ $ 481,206 ​ $ (392,541,803) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2022 ​ ​ ​ Redbox ​ ​ 1091 ​ ​ Total Net revenue ​ $ 31,585,586 ​ $ 8,211,291 ​ $ 39,796,877 Net income (loss) ​ $ (9,542,257) ​ $ 788,526 ​ $ (8,753,731) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2023 ​ ​ ​ Redbox ​ ​ 1091 ​ ​ Total Net revenue ​ $ 122,357,732 ​ $ 22,630,380 ​ $ 144,988,112 Net income (loss) ​ $ (446,241,369) ​ $ 3,914,763 ​ $ (442,326,606) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2022 ​ ​ ​ Redbox ​ ​ 1091 ​ ​ Total Net revenue ​ $ 31,585,586 ​ $ 14,466,526 ​ $ 46,052,112 Net income (loss) ​ $ (9,542,257) ​ $ 566,867 ​ $ (8,975,390) ​

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2023
Revenue Recognition [Abstract]
Revenue Recognition	Note 5 – Revenue Recognition The following table disaggregates our revenue by source: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ ​ ​ ​ ​ ​ % of ​ ​ ​ ​ % of ​ ​ 2023 revenue 2022 revenue ​ Revenue: ​ ​ ​ ​ VOD and streaming ​ $ 21,760,898 33 % $ 30,895,649 43 % Retail ​ ​ 27,532,500 ​ 42 % ​ 25,658,906 ​ 35 % Licensing and other ​ 16,430,488 25 % 15,837,708 22 % Net revenue ​ $ 65,723,886 100 % $ 72,392,263 100 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ % of ​ ​ ​ ​ % of ​ ​ 2023 revenue 2022 revenue ​ Revenue: ​ ​ ​ VOD and streaming ​ $ 88,096,073 34 % $ 81,753,377 59 % Retail ​ ​ 90,752,363 ​ 36 % ​ 25,658,906 ​ 18 % Licensing and other ​ 76,384,806 30 % 31,823,124 23 % Net revenue ​ $ 255,233,242 100 % $ 139,235,407 100 % ​ VOD and streaming VOD and streaming revenue is generated as the Company exhibits content through the Crackle Plus and Redbox streaming services including AVOD, FAST and TVOD platforms available via connected TV’s, smartphones, tablets, gaming consoles and the web through our owned and operated platforms, as well as third-party platforms. The Company generates streaming revenues for our networks in three primary ways, selling advertisers video ad inventory on our AVOD and FAST streaming services, selling advertisers the ability to present content to our viewers, often with fewer commercials, and selling advertisers product and content integrations and sponsorships related to our original productions, as well as revenues from our direct-to-consumer TVOD platform. In addition, this revenue source includes third-party streaming platform license revenues, including TVOD, AVOD, FAST and SVOD related revenues. Retail Revenue from Redbox movie rentals is recognized for the period that the movie is rented and is recorded net of promotional discounts offered to the Company’s consumers, uncollected amounts and refunds that it grants to its customers. The sale of previously rented movies out of our kiosks is recognized at the time of sale. On rental transactions for which the related movie has not yet been returned to the kiosk at month-end, revenue is recognized with a corresponding receivable recorded in the balance sheet, net of a reserve for potentially uncollectable amounts that is considered a reduction from gross revenue as collectability is not reasonably assured. Licensing and other Licensing and other revenue included in this revenue source is generated as the Company licenses movies and television series worldwide, through Screen Media Ventures and 1091 Pictures, through license agreements across channels, including theatrical and home video. Additionally, Licensing and other also includes the sale of content, other revenue related to the Company’s intellectual property, and content services revenue, including development, non-writing executive producer fees and production services. Contract balances include the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2023 ​ 2022 Accounts receivable, net ​ $ 22,038,271 ​ $ 39,467,049 Contract assets (included in accounts receivable) ​ ​ 135,714,087 ​ ​ 74,496,376 Total accounts receivable, net ​ $ 157,752,358 ​ $ 113,963,425 ​ ​ ​ ​ ​ ​ ​ Deferred revenue (included in accrued expenses) ​ $ (19,040,485) ​ $ (12,043,508) ​ ​ During the three months ending September 30, 2023, customer A represented 23% of the total revenue. During the nine months ending September 30, 2023, customers A and B represented 12% and 16% of the total revenue, respectively. As of September 30, 2023 customers A and B represented 25% and 31%, respectively, of the total accounts receivable, net. As of December 31, 2022 customers C and D represented 14% and 12%, respectively, of the total accounts receivable, net.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2023
Share-Based Compensation [Abstract]
Share-Based Compensation	Note 6 – 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 5,000,000 common stock equivalents, inclusive of an additional 2,500,000 shares authorized by the shareholders of the Company in September, 2022, subject to the terms and conditions of the Plan. The Plan generally provides for quarterly and bi-annual vesting over terms ranging from two three years The Company recognizes stock options granted under the Plan 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 September 30, 2023 and 2022, the Company recognized $770,235 and $798,600, respectively, and for the nine months ended September 30, 2023 and 2022, the Company recognized $2,215,669 and $2,625,756, respectively, of non-cash share-based compensation expense in selling, general and administrative expenses in the condensed consolidated statements of operations. Stock options activity through September 30, 2023 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ Weighted ​ Average ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ Aggregate ​ ​ Number of ​ Exercise ​ Contract ​ Intrinsic ​ Stock Options Price Term (Yrs.) Value Outstanding at December 31, 2022 1,511,046 ​ $ 14.89 ​ 3.15 ​ $ — Granted — ​ ​ — — ​ — Forfeited (37,000) ​ ​ 19.27 — ​ — Exercised — ​ ​ — — ​ — Expired — ​ — — ​ — Outstanding at September 30, 2023 1,474,046 ​ $ 14.62 ​ 2.38 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and exercisable at December 31, 2022 889,623 ​ $ 14.02 2.62 ​ $ — Vested and exercisable at September 30, 2023 1,053,417 ​ $ 14.35 2.05 ​ $ — ​ As of September 30, 2023 the Company had unrecognized pre-tax compensation expense of $2,649,523 related to non-vested stock options under the Plan of which $770,235, $1,709,556, and $169,732 will be recognized in 2023, 2024 and 2025, respectively. We used the following weighted average assumptions to estimate the fair value of stock options granted for the periods presented as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, Weighted Average Assumptions: 2023 (a) 2022 Expected dividend yield ​ — % ​ — % Expected equity volatility ​ — % ​ 68.9 % Expected term (years) ​ — ​ 5 ​ Risk-free interest rate ​ — % ​ 2.66 % Exercise price per stock option ​ $ — ​ $ 8.82 ​ Market price per share ​ $ — ​ $ 8.82 ​ Weighted average fair value per stock option ​ $ — ​ $ 4.89 ​ ​ ​ (a) There were no stock options granted during the nine months ended September 30, 2023. ​ The risk-free rates are based on the implied yield available on U.S. 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 under the Plan to directors, employees and third-party consultants that provide services to the Company. The value is based on the market price of the stock on the date granted and amortized over the vesting period. For the three months ended September 30, 2023 and 2022, the Company recognized in selling, general and administrative expense, non-cash share-based compensation expense relating to common stock grants of $63,750 and $63,750, respectively. For the nine months ended September 30, 2023 and 2022, the Company recognized in selling, general and administrative expense, non-cash share-based compensation expense relating to common stock grants of $191,250 and $191,250, respectively. In addition to the share-based compensation, two of the Company’s directors received stock in-lieu of their cash payments during the three months ended September 30, 2023 in the amount $42,500.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2023
Earnings (Loss) Per Share [Abstract]
Earnings (Loss) Per Share	Note 7 – Earnings (Loss) Per Share Basic earnings (loss) per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of common shares outstanding and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares include stock options and warrants outstanding during the period, using the treasury stock method. Potentially dilutive common shares are excluded from the computations of diluted earnings per share if their effect would be anti-dilutive. A net loss available to common stockholders causes all potentially dilutive securities to be anti-dilutive and are not included. There were no anti-dilutive stock options or warrants for the three and six month periods ending September 30, 2023. Basic and diluted loss per share is computed as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ 2023 2022 Net loss available to common stockholders ​ $ (433,354,738) ​ $ (20,060,247) ​ ​ ​ ​ ​ ​ ​ Basic weighted-average common shares outstanding ​ 31,442,984 ​ 17,802,522 Dilutive effect of options and warrants ​ — ​ — Weighted-average diluted common shares outstanding ​ 31,442,984 ​ 17,802,522 ​ ​ ​ ​ ​ ​ ​ Basic and diluted loss per share ​ $ (13.78) ​ $ (1.13) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ 2023 2022 Net loss available to common stockholders ​ $ (535,664,270) ​ $ (54,970,397) ​ ​ ​ ​ ​ ​ ​ Basic weighted-average common shares outstanding ​ 27,256,807 ​ 16,040,097 Dilutive effect of options and warrants ​ — ​ — Weighted-average diluted common shares outstanding ​ 27,256,807 ​ 16,040,097 ​ ​ ​ ​ ​ ​ ​ Basic and diluted loss per share ​ $ (19.65) ​ $ (3.43) ​

Content Assets, net

Content Assets, net	9 Months Ended
	Sep. 30, 2023
Content Assets [Abstract]
Content Assets, net	Note 8 – Content Assets, net Content assets, net consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2023 ​ 2022 Original productions: ​ ​ ​ ​ ​ ​ Programming costs released ​ $ 34,305,804 ​ $ 31,081,500 In production ​ 65,170 ​ 806,009 In development ​ 8,642,704 ​ 8,377,649 Less: accumulated amortization (a) ​ ​ (34,198,041) ​ ​ (31,651,552) Programming costs, net ​ ​ 8,815,637 ​ ​ 8,613,606 ​ ​ ​ ​ ​ ​ ​ Film library: ​ ​ ​ ​ ​ ​ Film library acquisition costs ​ ​ 225,021,820 ​ ​ 208,982,878 Less: accumulated amortization (b) ​ ​ (153,635,072) ​ ​ (125,967,305) Film library costs, net ​ ​ 71,386,748 ​ ​ 83,015,573 ​ ​ ​ ​ ​ ​ ​ Licensed program rights: ​ ​ ​ ​ ​ ​ Programming rights ​ ​ 73,214,666 ​ ​ 56,288,723 Less: accumulated amortization (c) ​ ​ (48,096,257) ​ ​ (21,827,394) Programming rights, net ​ ​ 25,118,409 ​ ​ 34,461,329 Content assets, net ​ $ 105,320,794 ​ $ 126,090,508 (a) (b) (c) Original productions programming costs consist primarily of episodic television programs which are available for distribution through a variety of platforms, including Crackle. Amounts capitalized include development costs, production costs and direct production overhead costs. Film library consists primarily of the cost of acquiring film distribution rights and related acquisition costs. Costs related to original productions and film library are amortized in the proportion that revenues bear to management’s estimates of the ultimate revenues expected to be recognized from various forms of exploitation. Licensed program rights consist of licenses to various titles which the Company makes available for streaming on Crackle and Redbox’s kiosks and streaming services for an agreed upon license period. Amortization of content assets is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ Nine Months Ended ​ ​ September 30, ​ ​ September 30, ​ ​ 2023 ​ 2022 ​ 2023 ​ 2022 Original productions ​ $ 717,144 ​ $ 520,471 ​ ​ $ 1,524,057 ​ $ 1,583,994 Film library ​ ​ 2,568,656 ​ ​ 7,008,740 ​ ​ ​ 24,026,165 ​ ​ 19,874,419 Licensed program rights ​ ​ 4,679,600 ​ ​ 8,119,792 ​ ​ ​ 19,211,720 ​ ​ 9,336,227 Content asset impairment ​ 8,079,575 ​ — ​ ​ 11,721,177 ​ — Total content asset amortization ​ $ 16,044,975 ​ $ 15,649,003 ​ ​ $ 56,483,119 ​ $ 30,794,640 ​ During the three and nine months ended September 30, 2023 the Company recorded content impairments of $8,079,575 and $11,721,177, respectively. The impairment in the third quarter of 2023 principally relates to a $7.1 million write-off related to a commercial dispute with a third-party licensor and the incremental charges for the nine months reflect, adjustments related to film ultimates in the first half of the year. During the three and nine months ended September 30, 2022, the Company did not record any impairments related to content assets.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Note 9 – Intangible Assets and Goodwill Intangible assets, net, consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Net ​ ​ ​ Carrying ​ ​ Accumulated ​ ​ ​ ​ ​ Carrying ​ ​ ​ Amount ​ ​ Amortization ​ ​ Impairment ​ ​ Amount September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Crackle Plus content rights ​ $ 1,708,270 ​ $ 1,708,270 ​ $ - ​ $ - Crackle Plus brand value ​ ​ 18,807,004 ​ ​ 11,754,380 ​ ​ 2,753,000 ​ ​ 4,299,624 Crackle Plus partner agreements ​ ​ 4,005,714 ​ ​ 3,505,000 ​ ​ - ​ ​ 500,714 Distribution network ​ ​ 3,600,000 ​ ​ 2,800,000 ​ ​ - ​ ​ 800,000 Locomotive contractual rights ​ ​ 1,206,870 ​ ​ 786,194 ​ ​ - ​ ​ 420,676 1091 intangible assets ​ ​ 2,810,000 ​ ​ 1,636,111 ​ ​ - ​ ​ 1,173,889 Redbox - Trade names and trademarks ​ ​ 82,700,000 ​ ​ 6,202,500 ​ ​ 52,798,000 ​ ​ 23,699,500 Redbox - Technology ​ ​ 30,800,000 ​ ​ 4,950,000 ​ ​ 17,150,000 ​ ​ 8,700,000 Redbox - Customer Relationships ​ ​ 177,700,000 ​ ​ 15,783,750 ​ ​ 160,103,750 ​ ​ 1,812,500 Popcornflix brand value ​ ​ 7,163,943 ​ ​ 549,591 ​ ​ 3,500,000 ​ ​ 3,114,352 Total definite lived intangibles ​ ​ 330,501,801 ​ ​ 49,675,796 ​ ​ 236,304,750 ​ ​ 44,521,255 Chicken Soup for the Soul Brand ​ ​ 5,000,000 ​ ​ - ​ ​ 5,000,000 ​ ​ - Total indefinite lived intangibles ​ ​ 5,000,000 ​ ​ - ​ ​ 5,000,000 ​ ​ - Total ​ $ 335,501,801 ​ $ 49,675,796 ​ $ 241,304,750 ​ $ 44,521,255 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Crackle Plus content rights ​ $ 1,708,270 ​ $ 1,708,270 ​ $ — ​ $ — Crackle Plus brand value ​ ​ 18,807,004 ​ ​ 9,739,341 ​ ​ — ​ ​ 9,067,663 Crackle Plus partner agreements ​ ​ 4,005,714 ​ ​ 2,904,143 ​ ​ — ​ ​ 1,101,571 Distribution network ​ ​ 3,600,000 ​ ​ 1,900,000 ​ ​ — ​ ​ 1,700,000 Locomotive contractual rights ​ ​ 1,206,870 ​ ​ 484,477 ​ ​ — ​ ​ 722,393 1091 intangible assets ​ ​ 2,810,000 ​ ​ 861,111 ​ ​ — ​ ​ 1,948,889 Redbox - Trade names and trademarks ​ ​ 82,700,000 ​ ​ 2,067,500 ​ ​ — ​ ​ 80,632,500 Redbox - Technology ​ ​ 30,800,000 ​ ​ 1,650,000 ​ ​ — ​ ​ 29,150,000 Redbox - Customer Relationships ​ ​ 177,700,000 ​ ​ 5,261,250 ​ ​ — ​ ​ 172,438,750 Popcornflix brand value ​ ​ 7,163,943 ​ ​ — ​ ​ 3,500,000 ​ ​ 3,663,943 Total definite lived intangibles ​ ​ 330,501,801 ​ ​ 26,576,092 ​ ​ 3,500,000 ​ ​ 300,425,709 Chicken Soup for the Soul Brand ​ ​ 5,000,000 ​ ​ — ​ ​ — ​ ​ 5,000,000 Total indefinite lived intangibles ​ ​ 5,000,000 ​ ​ — ​ ​ — ​ ​ 5,000,000 Total ​ $ 335,501,801 ​ $ 26,576,092 ​ $ 3,500,000 ​ $ 305,425,709 ​ Amortization expense was $7.7 million and $4.5 million for the three months ended September 30, 2023 and 2022, respectively, and $23.1 million and $7.7 million for the nine months ended September 30, 2023 and 2022, respectively. As of September 30, 2023 amortization expense for the next five years is expected be: ​ ​ ​ ​ ​ Remainder of 2023 ​ $ 2,480,491 2024 ​ 8,397,392 2025 ​ 6,246,585 2026 ​ 4,577,986 2027 ​ ​ 3,906,169 2028 ​ ​ 3,173,381 Beyond ​ ​ 15,739,251 Total ​ $ 44,521,255 ​ Total goodwill on our Condensed Consolidated Balance Sheets was $120.5 million and $260.7 million as of September 30, 2023 and December 31, 2022, respectively, and is comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ Digital ​ Distribution & Production Retail Beginning balance ​ $ 155,069,845 ​ $ 26,552,214 ​ $ 79,125,998 ​ Adjustments ​ ​ — ​ — ​ ​ (3,352,082) ​ Accumulated impairments ​ ​ (61,128,000) ​ ​ — ​ ​ (75,773,916) ​ Total ​ $ 93,941,845 ​ $ 26,552,214 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Digital ​ Distribution & Production Retail Beginning balance ​ $ 18,911,027 ​ $ 21,075,503 ​ $ — ​ Acquisitions ​ 136,158,818 ​ 5,476,711 ​ ​ 79,125,998 ​ Total ​ $ 155,069,845 ​ $ 26,552,214 ​ $ 79,125,998 ​ ​ During the quarter ended September 30, 2023, the Company undertook a review of its goodwill across its reporting units due to operating results not meeting management’s expectations, particularly Redbox’s kiosk rentals. The Company performed a qualitative and quantitative assessment, as required, for its reporting units, goodwill and the indefinite lived intangibles. The Company utilized a discounted cash flow method that estimates the free cash flow available to both debt and equity investors to determine the enterprise value of the reporting unit. The analysis for the Distribution & Production reporting unit indicated that there were no impairment conditions. The analysis for the Digital and Retail reporting units indicated an impairment condition existed. As such, the Company evaluated the recoverability of the long-lived assets in the reporting units and determined that there was an intangible impairment of $237.8 million and goodwill was impaired by $136.9 million across the two units for the three and nine months ended September 30, 2023.

Leases

Leases	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Leases	Note 10 – Leases At September 30, 2023, the following amounts were recorded on the Condensed Consolidated Balance Sheets relating to our operating and finance leases. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ 2023 ​ ​ 2022 Right-of-Use Assets ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets ​ $ 13,690,157 ​ $ 16,315,342 ​ ​ ​ ​ ​ ​ ​ Lease Liabilities: ​ ​ ​ ​ ​ ​ Operating lease liabilities ​ $ 15,180,113 ​ $ 18,079,469 ​ ​ ​ ​ ​ ​ ​ Finance Lease cost ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets ​ $ 1,347,679 ​ $ 827,191 Interest on lease liabilities ​ ​ 111,178 ​ ​ 35,633 Total finance lease cost ​ $ 1,458,857 ​ $ 862,824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ December 31, ​ ​ ​ 2023 ​ ​ 2022 Operating leases ​ ​ ​ ​ ​ ​ Weighted average remaining lease term ​ ​ 5.6 years ​ ​ 5.9 years Weighted average discount rate ​ ​ 7% ​ ​ 7% Finance Leases ​ ​ ​ ​ ​ ​ Weighted average remaining lease term ​ ​ 2.6 years ​ ​ 1.1 years Weighted average discount rate ​ ​ 5% ​ ​ 4% ​ As our leases do not provide an implicit interest rate, we use our incremental borrowing rate based on the information available at the lease commencement date. Upon transition to ASC Topic 842, the Company used the incremental borrowing rate on January 1, 2022 for all operating leases that commenced prior to that date. We have operating leases primarily for office space. Lease costs are generally fixed, with certain contracts containing escalations in the lessors’ annual costs. See Note 1, Subsequent Events . For the three months ended September 30, 2023, and 2022, rent expense including short-term leases was $2.0 million and $1.4 million, respectively, and $5.5 million and $2.7 million, for the nine months ended September 30, 2023 and 2022, respectively. Cash paid for amounts included in operating lease liabilities was $3.8 million as of September 30, 2023. The expected future payments relating to our operating and finance lease liabilities at September 30, 2023 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating ​ Financing Remainder of 2023 $ 1,182,546 $ 365,927 2024 ​ ​ 4,195,546 ​ ​ 1,420,853 2025 ​ ​ 3,675,921 ​ ​ 1,164,873 2026 ​ ​ 2,104,048 ​ ​ 817,008 2027 ​ 1,643,022 ​ 65,969 2028 ​ ​ 1,495,221 ​ ​ — Thereafter ​ 3,735,105 ​ — Total minimum payments ​ ​ 18,031,409 ​ ​ 3,834,630 Less amounts representing interest ​ ​ 2,851,296 ​ ​ 318,717 Present value of minimum payments ​ $ 15,180,113 ​ $ 3,515,913 ​

Debt

Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt	Note 11 – Debt Debt, net for the periods presented was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2023 ​ 2022 HPS term ​ $ 369,900,033 ​ $ 335,342,705 HPS revolving loan ​ ​ 90,881,204 ​ ​ 82,362,336 Notes due 2025 ​ ​ 44,855,900 ​ ​ 44,855,900 Film acquisition advances ​ ​ 30,996,179 ​ ​ 27,837,565 MUFG Bank, LTD film financing facility ​ ​ 6,186,413 ​ ​ 6,577,243 Other debt ​ ​ 5,934,595 ​ ​ 3,204,255 Total gross debt ​ ​ 548,754,324 ​ ​ 500,180,004 Less: debt issuance costs and discounts ​ ​ (17,402,238) ​ ​ (20,526,393) Total debt, net ​ ​ 531,352,086 ​ ​ 479,653,611 Less: current portion ​ (22,169,834) ​ (18,798,515) Total long-term debt, net ​ $ 509,182,252 ​ $ 460,855,096 ​ HPS Credit Agreement On August 11, 2022, concurrently with the consummation of the Redbox merger transaction described in Note 4, the Company entered into an Amended and Restated Credit Agreement (“HPS Credit Agreement”) by and among the Company, as primary borrower, Redbox Automated, as co-borrower, the Lenders named therein, and HPS Investment Partners LLC, as administrative agent, and collateral agent (“HPS”). Pursuant to the terms of the HPS Credit Agreement, the Company obtained (i) a term loan facility consisting of the conversion, and assumption by us, of all “Senior Obligations” under (and as defined in) the HPS Credit Agreement (other than any outstanding Sixth Amendment Incremental Revolving Loans under (and as defined in) the credit agreement (the “Redbox Credit Agreement”), dated as of October 20, 2017, by and among Redwood Intermediate, LLC, Redbox Automated, Redwood Incentives LLC, the lenders party thereto and HPS, as amended from time to time thereafter, with the sixth amendment thereto occurring on April 15, 2022 (this last amendment being referred to as the “Sixth Amendment”) and (ii) an $80 million revolving credit facility (with any outstanding Sixth Amendment Incremental Revolving Loans under the Redbox Credit Agreement as amended by the Sixth Amendment being deemed, and assumed by us as, revolving loans thereunder), combined all together referred to as the “Senior Facilities”. Interest is payable on the Senior Facilities entirely in cash or, for a period of up to 18 months, could be paid by increasing the principal amount of the Senior Facilities (PIK Interest), or through a combination of cash and PIK Interest. The applicable margin for borrowings under the HPS Term Loan and Revolving Credit Facility is 7.25% plus the greater of SOFR or 1.0% per annum. In addition, the loan contains an unused line fee of 3.625% per annum. Interest and fees on the loan are payable in arrears on the payment dates and on the maturity of the loan. The maturity of the revolving credit facility is 30 months or February 11, 2025 and the term loan is 5 years or August 11, 2027. Beginning in August of 2024 the Company may be subject to quarterly payments based upon any excess cash flow. At the closing, the Company assumed $357.5 million of debt ($325.8 million under a term loan and $31.7 million funded under an $80 million revolving credit facility) and drew down $25.9 million on the revolving credit facility, all at an interest rate of SOFR plus 7.25% (10.3%). On September 19, 2022, the Company made an additional draw under the revolving facility of $22.3 million with an interest rate of SOFR plus 7.25% (10.85%). Furthermore, the Company issued a warrant to HPS to acquire 4.5% of the fully diluted shares of the Company’s common stock (known as Class A common stock and Class B common stock as a single class) and paid closing costs of $1.2 million. The warrant was valued at $14.9 million and is included in debt issuance costs and is being amortized over the life of the debt. Since August 11, 2022, the Company has elected to add PIK interest accrued on the outstanding debt, resulting in an increase to the Senior Facilities. The total outstanding debt had a net book value of $460.8 million ($369.9 million under the term loan and $90.9 million under the revolving credit facility). The total PIK interest of approximately $55.0 million has been deferred and compounded and added to the principal balance including an additional $43.1 million during the nine months ended September 30, 2023. Dividend Restrictions & Covenants The Credit Agreement contains certain customary affirmative covenants and negative covenants, including a limitation on the Company’s ability to pay dividends on its Class A Common Stock or make other restricted payments. The covenant prohibiting dividends and other restricted payments has certain limited exceptions, including customary overhead, legal, accounting and other professional fees and expenses; taxes; customary salary, bonus and other benefits. Prepayments & Collateral The Senior Facilities require CSSE to prepay outstanding term loan borrowings, subject to certain exceptions, with: ● ● ● CSSE may voluntarily repay outstanding loans that are funded solely by internally generated cash from business operations under the Senior Facilities at any time, without prepayment premium or penalty, except customary “breakage” costs with respect to SOFR rate loans. All obligations under the Senior Facilities are unconditionally guaranteed by each of CSSE’s existing and future direct and indirect material, wholly-owned domestic subsidiaries, subject to certain exceptions. The obligations of the Company and its subsidiary guarantors under the HPS Credit Agreement are secured by a first priority lien in substantially all of the assets of the Company and its subsidiaries, subject to certain exceptions. Letters of Credit Under the HPS Credit Agreement, the Company has a letter of credit arrangement to provide for the issuance of standby letters of credit. The arrangement supports the collateral requirements for insurance claims and is good for one year to be renewed annually if necessary. The letter of credit is cash-collateralized at 105% in the amount of $2.9 million as of September 30, 2023. Additionally, there is a letter of credit arrangement of $0.3 million that serves as a security deposit for leased warehouse space and is pledged by an equal amount of cash pledged as collateral. The Company’s letter of credit arrangements collateral is classified as restricted cash and reflects balances of $3.2 million as of September 30, 2023. 9.50% Notes Due 2025 On July 17, 2020, the Company completed a public offering of 9.50% Notes due 2025 (the “Notes”) in the aggregate principal amount of $21,000,000. On August 5, 2020, the Company sold an additional $1,100,000 of July Notes pursuant to the partial exercise of the overallotment option. The Notes bear interest at 9.50% per annum, payable every March 31, June 30, September 30, and December 31, and at maturity. The Notes mature on July 31, 2025. The sale of the Notes resulted in net proceeds of approximately $20,995,000 after deducting underwriting discounts and commissions of approximately $1,105,000. The Company used $13,333,333 of the net proceeds to repay the outstanding principal under the Commercial Loan. On December 22, 2020, the Company completed a public offering of 9.50% Notes due 2025 (the “December Notes”) in the aggregate principal amount of $9,387,750. On December 29, 2020, the Company sold an additional $1,408,150 of December Notes pursuant to the partial exercise of the overallotment option. The stated principal of $25.00 per note was discounted 2% to the public offering price of $24.50 per note. On April 20, 2022, the Company completed a public offering of 9.50% Notes due 2025 (the “Notes”) in the aggregate principal amount of $10,400,000. On May 5, 2022, the Company sold an additional $1,560,000 of Notes pursuant to the exercise of the overallotment option. The stated principal of $25.00 per note was discounted 2% to the public offering price of $24.85 per note. The sale of the Notes resulted in net proceeds of approximately $11,094,946 after deducting underwriting discounts and commissions of approximately $865,054. The 9.50% Notes are not secured by any of our assets. As a result, the Notes are effectively subordinated to all of our existing and future secured indebtedness, such as any new loan facility or other indebtedness to which we grant a security interest, including our film acquisition advances and our MUFG Bank, LTD film financing facility. Film Acquisition Advances: Great Point Media Limited On August 27, 2020, the Company entered into a Film Acquisition Advance Agreement with Great Point Media Limited (“GPM”). GPM advanced to the Company $10.2 million of acquisition advances on August 28, 2020 (the “Acquisition Advance”) and may, directly, or through affiliated entities, fund additional acquisition advances in the future. Pursuant to the agreement, GPM has formed a US-based special purpose vehicle (the “SPV”), which has been assigned the territorial licenses and distribution rights in certain films and productions owned or to be acquired by Screen Media Ventures Inc., CSSE’s wholly owned subsidiary. The Company pays the SPV on a quarterly basis adjusted gross receipts generated on each of the assigned productions during the two-year term of the agreement, until the SPV has recouped the full Acquisition Advance for each of the productions together with interest and additional participation amounts on gross receipts generated by the productions. The Acquisition Advance bears interest at 10% per annum compounded monthly on the amount outstanding. In the event the SPV has not recouped the full Acquisition Advance from gross receipts generated within the two-year contractual term, the Company shall pay the remaining balance outstanding, if any, by no later than January 14, 2023. As of September 30, 2023 and December 31, 2022, the outstanding balance was $6.5 million and $6.1 million, respectively. Subsequently, the facility was amended such that the remaining balance is payable the later of when defined contractual receipts are collected or when loan is fully repaid by the Company. All other terms shall remain unaffected. Film Acquisition Advances: Media Entertainment Partners In January 2022, the Company began entering into individual film acquisition advance agreements with Media Entertainment Partners (“MEP”). Under the agreements, MEP financed the Company $33.1 million of acquisition advances and may, directly, or through affiliated entities, fund additional acquisition advances in the future. Pursuant to an arrangement, MEP has formed a US-based special purpose vehicle (the “SPV”), which has been assigned the territorial licenses and distribution rights in certain films and productions owned or to be acquired by Screen Media Ventures Inc., CSSE’s wholly owned subsidiary. Generally, the Company will pay the SPV on a quarterly basis over 30 months the advance plus interest at 12% per annum compounded monthly on the amount outstanding. Under the distribution agreement with the SPV, after Screen Media Venture’s recoupment, the SPV is entitled to receive a profit participation in the net receipts of the film and, provides Screen Media Venture a bargain purchase option to reacquire the film rights after 6 years. As of September 30, 2023 and December 31, 2022, the outstanding balance was $24.5 million and $21.7 million, respectively. MUFG Bank, LTD Film Financing Facility On December 29, 2020, Redbox Entertainment, LLC entered into a four-year, $20 million film financing facility with MUFG Bank, LTD (formerly known as Union Bank) (the “Union Film Financing Facility”). The facility is used exclusively to pay for minimum guarantees, license fees and related distribution expenses for original content obtained under the Company’s Redbox Entertainment label. On April 15, 2022, Redbox agreed, pursuant to the Voting and Support Agreement, to (i) permanently reduce a portion of the Union Revolving Credit Facility in an amount equal to $10.6 million (and the Company made such reduction) and (ii) among other agreements, refrain from borrowing under the Union Film Financing Facility without the consent of Aspen and Redwood Holdco, LP (other than with respect to certain scheduled borrowings and borrowings to cover interest, fees and expenses). There is no additional availability under the Union Film Financing Facility as of December 31, 2022. Borrowings outstanding under the Union Film Financing Facility as of the merger on August 11, 2022 and at December 31, 2022 was $6.6 million and as of September 30, 2023 $6.2 million. Borrowings under the Union Film Financing Facility bear interest at either the alternate base rate or SOFR (based on an interest period selected by the Company of one month, three months or nine months) in each case plus a margin. The alternate base rate loans bear interest at a per annum rate equal to the greatest of (i) the base rate in effect on such date, (ii) the federal funds effective rate in effect on such day plus 0.50%, and (iii) daily one month SOFR plus 1.10%. The film financing facility borrowings that are SOFR loans bear interest at a per annum rate equal to the applicable SOFR plus an applicable margin. The borrowing interest rate for the Union Film Financing Facility was 8.09% as of September 30, 2023. In addition to paying interest on outstanding principal under the Union Film Financing Facility, the Company is required to pay a commitment fee at 0.50% per annum to the lenders in respect of the unutilized commitments thereunder. As of September 30, 2023, the expected aggregate maturities of debt for each of the next five years are as follows: ​ ​ ​ ​ ​ ​ ​ ​ Remainder of 2023 ​ $ 9,640,530 2024 ​ 28,235,901 2025 ​ 140,162,063 2026 ​ 754,341 2027 ​ ​ 369,961,489 Beyond ​ ​ — Total ​ $ 548,754,324 ​

Put Option Obligation

Put Option Obligation	9 Months Ended
	Sep. 30, 2023
Put Option Obligation [Abstract]
Put Option Obligation	Note 12 – Put Option Obligation As part of the additional purchase price for the Sonar Entertainment, Inc business acquisition, the Company issued a 5% interest in CSS AVOD, Inc. and a Put Option that, if exercised, requires the Company to repurchase these shares of CSS AVOD, Inc. from the investor for $11,500,000 in cash. The Put Option was exercisable, with 60 day’s written notice, by the investor at any time during a three-year period commencing on October 8, 2022 and expiring on November 7, 2025 (“Put Election Period”). In February 2023, MidCap Financial Trust exercised their Put Option resulting in the Put Price of $11,500,000 payable by May 2023, in exchange for Midcap’s Financial Trust’s 5% interest in CSS AVOD. As of September 30, 2023, the Company has paid $7,300,000 under the amended payment agreement and the outstanding amount is past due. Upon payment, the Company will own 100% of CSS AVOD. See Note 1 for additional information. As of September 30, 2023, the 5% interest in CSS AVOD, Inc. consists of the following, ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2023 Put Option Obligation ​ $ 4,100,000 Noncontrolling Interests ​ 94,247 Total ​ $ 4,194,247 ​

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 13 – Income Taxes For the nine months ended September 30, 2023, the Company’s effective income tax rate was 1.0%, which differed from the federal statutory rate of 21.0% primarily due to the Company’s valuation allowance and state income taxes. For the nine months ended September, 2022, the Company’s effective income tax rate was 35.9% which differed from the federal statutory rate of 21.0% primarily due to the release of a portion of the Company’s valuation allowance as a result of the acquired deferred tax liability of Redbox. In connection with the Redbox acquisition, the Company recorded a deferred tax liability of $40.2 million, which enabled the Company to release a portion of the beginning of year’s valuation allowance of $27.4 million. The Company evaluates its net deferred tax assets on a quarterly basis to determine if they can be realized and establishes a valuation allowance when it is more likely than not that all or a portion of the net deferred tax asset may not be realized. At September 30, 2023, the Company determined that a portion of its deferred tax assets are not more likely than not to be realized. The Company maintains a valuation allowance against the net operating loss carryovers of A Sharp and Pivot Share, since it was determined that it is more likely than not, based on available objective evidence, that these separate filing jurisdictions would have insufficient taxable income in the current or carryforward periods under the tax laws to realize the future tax benefits for this portion of its deferred tax assets. On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (“IRA”) into law. The IRA contains several revisions to the Internal Revenue Code, including a 15% corporate minimum income tax and a 1% excise tax on corporate stock repurchases in tax years beginning after December 31, 2022 with certain exclusions for (a) repurchased shares for withholding taxes on vested restricted stock units (“RSUs”) and (b) treasury shares reissued in the same tax year for settlement of stock option exercises or vesting of RSUs. While these tax law changes have no immediate effect and are not expected to have a material adverse effect on our results of operations going forward, we will continue to evaluate its impact as further information becomes available.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Note 14 – Related Party Transactions Chicken Soup For The Soul Productions, LLC Chicken Soup For The Soul Productions LLC (“CSS”) is the parent and controlling stockholder of the Company. At September 30, 2023, CSS directly owns 100% of the Company’s Class B common stock and 3,496,552 shares of the Company’s Class A common stock. On a combined basis CSS has an ownership interest of 35.2% of the total outstanding common stock and 90.6% control of the voting power of the Company. CSS is controlled by Mr. William J. Rouhana, Jr., the Company’s CEO. The Company has agreements with CSS and its affiliated companies that provide the Company with access to important assets and resources including key personnel and office space. The assets and resources provided are included as a part of a management services agreement and a license agreement, where combined, the Company pays 10% of its net revenue earned to CSS. Beginning in August 2022 until certain conditions are met, under the terms of the HPS Credit Facility, the 10% fee as it relates to Redbox’s net revenues is applied to certain limited revenue categories. In March of 2023, the Company entered into a modification of the CSS Management Agreement and CSS License Agreement pursuant to which (a) $3.45 million of the aggregate fees under the CSS Management Agreement and CSS License Agreement that have been earned by CSS in the first quarter of 2023 and (b) 25% (or $12.75 million) of the next $51 million of such fees that will be earned by CSS after April 1, 2023 shall be paid through the issuance by our Company of shares of our Class A common stock. The Company has issued an aggregate of 1,853,537 shares of Class A common stock to CSS under the modification as of September 30, 2023. The shares that shall become issuable in the future under clause (b) shall be issued each fiscal quarter as such fees are earned at a fixed price of $3.05 per share. As of September 30, 2023, $5.7 million of accrued and payable management and license fees have been satisfied through the issuance to CSS shares of Class A common stock, and an aggregate of $7.1 million of future management and license fees will be offset by the issuance of Class A common stock to CSS in the periods after September 30, 2023. For the three and nine months ended September 30, 2023 and 2022, the Company recorded management and license fees of $3.9 million and $16.7 million, respectively, and $4.8 million and $11.5 million, respectively. Due To/From Affiliated Companies ​ The Company is part of CSS’s central cash management system whereby payroll and benefits are administered by CSS and the related expenses are charged to its subsidiaries and funds are transferred between affiliates to fulfill joint liquidity needs and business initiatives. Settlements fluctuate period over period due to timing of liquidity needs. As of September 30, 2023 and December 31, 2022, the intercompany payable, with affiliated companies is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2023 ​ 2022 Due to affiliated companies ​ $ 3,222,990 ​ $ 3,778,936 Total due to/due from affiliated companies ​ $ 3,222,990 ​ $ 3,778,936 ​ Other Related Parties In the ordinary course of business, the Company is involved in transactions with certain minority shareholders of a consolidated subsidiary related to licensing of television and film programming properties. For the three and nine months ended September 30, 2023 and 2022 the amount of revenue recognized was $0 and $0, respectively. At September 30, 2023 and December 31, 2022, the Company had accounts receivable from these parties $3.5 million and $4.8 million, respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 15 – Commitments and Contingencies Content Obligations Content obligations include amounts related to the acquisition, licensing, and production of content. An obligation for the acquisition and licensing of content is incurred at the time we enter into an agreement to obtain future titles. Once a title is delivered, accepted and becomes available for exploitation, a content liability is recorded on the condensed consolidated balance sheet. As of September 30, 2023, the Company had $154.1 million of content obligations, comprised of $38.0 million in film library acquisition obligations, $66.3 million of programming obligations and $49.8 million of accrued participation costs. As of December 31, 2022, the Company had $124.3 million of content obligations, comprised of $39.8 million in film library acquisition obligations, $55.8 million of programming obligations and $28.7 million of accrued participation costs. In the ordinary course of business, the Company from time to time enters into contractual arrangements under which it agrees to commitments with producers and other content providers for the acquisition of content and distribution rights which are in production or have not yet been completed, delivered to, and accepted by the Company ready for exploitation. Based on those contractual arrangements, generally, the Company is committed but is not contractually liable to transfer any financial consideration until final delivery and acceptance has occurred. These commitments are expected to be fulfilled in the normal course of business. Additionally, the Company licenses minimum quantities of theatrical and direct-to-video titles under licensing agreements with certain movie content providers. The total estimated content commitments under the terms of the Company’s distribution and license agreements in effect as of September 30, 2023 is presented in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ 2023 ​ 2024 ​ 2025 and thereafter Minimum estimated content commitments $ 47,017,970 ​ $ 39,340,820 ​ $ 7,677,150 ​ $ — ​ Acquisition of Sonar Assets The Company owes contingent consideration related to the acquisition of Sonar of $6.7 million at September 30, 2023. The liability is an estimate and is payable upon the collection of receipts from defined receivables, noncontracted TV business receipts and profit participations on a slate of development projects. See Note 12 for additional information. Legal and Other Matters The Company is currently subject to numerous litigation matters relating to among other items, various content vendor contracts. The Company also is in default under various office and equipment leases and other agreements. While management believes that no single action or default in and of itself would be materially adverse to the Company or its business, financial condition, operating results, or cash flows, in the aggregate these actions and defaults could have such material adverse effect. Legal proceedings (both existing proceedings and any additional proceedings arising from such defaults) are subject to inherent uncertainties, and an unfavorable outcome could include monetary damages, loss of office access, loss of equipment use, and other adverse consequences, and excessive verdicts can result from litigation, and as such, could result in further material adverse impacts on our business, financial position, results of operations, and /or cash flows. Additionally, although the Company has specific insurance for certain potential risks, the Company may in the future incur judgments or enter into settlements of claims which may have a material adverse impact on its business, financial condition, or results of operations in the future. ​

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Stockholders' Equity	Note 16 – Stockholders’ Equity Amendment to Authorized Shares On June 30, 2022, the shareholders of the Company approved an increase in the total authorized shares from 100,000,000 to 200,000,000, comprised of 140,000,000 million shares of Class A common stock, 20,000,000 share of Class B common stock and 40,000,000 shares of preferred stock, of which, 10,000,000 are classified as Series A preferred stock. Treasury Stock On February 28, 2022, the Board of Directors increased the total authorization under the Company’s stock repurchase program by $10,000,000 to $30,000,000. At September 30, 2023, the Company had $3,474,299 of authorization remaining under the stock repurchase program. At the Market Offerings and Private Placements During the nine months ended September 30, 2023, the Company completed the sale of an aggregate of 1,179,704 shares of Series A preferred stock, generating net proceeds of $18,563,758. During the nine months ended September 30, 2022, the Company completed the sale of an aggregate of 295,173 shares of Class A preferred stock, generating net proceeds of $7,116,965. During the nine months ended September 30, 2023, the Company completed the sale of an aggregate of 3,375,897 shares of Class A common stock, generating net proceeds of $5,820,404. During the nine months ended September 30, 2022, the Company completed the sale of an aggregate of 332,734 shares of Class A common stock, generating net proceeds of $3,339,883. Public Offering On April 3, 2023, the Company issued 4,688,015 shares of its Class A common stock at a price of $2.30 per share, resulting in net proceeds of $10.4 million. The Company used the proceeds of this offering for general corporate purposes and working capital, including payment of an aggregate of approximately $3.8 million due to CSS under the CSS Management Agreement and CSS License Agreement for 2022. Shares Issued In Lieu of Payment During the nine months ended September 30, 2023, the Company issued an aggregate of 1,853,537 shares of Class A common stock to its parent (CSS) in lieu of $5,653,100 cash for fees due under the CSS Management Agreement and the CSS License Agreement. See Note 14, for more information. During the nine months ended September 30, 2023 the Company issued 35,714 shares valued at $42,500 in lieu of cash payments to two of the Company’s Directors. Common Stock Purchase Agreement On March 12, 2023, the Company, entered into a purchase agreement (the “Purchase Agreement”) with Lincoln Park Capital Fund, LLC (“Lincoln Park” or “Investor”), which provides that, upon the terms and subject to the conditions and limitations set forth therein, the Company may sell to Lincoln Park up to $50,000,000 of shares (the “Purchase Shares”) of the Company’s Class A common stock (the “Class A common stock”) over the thirty-six As of September 30, 2023 the Company sold 500,000 shares of Class A common stock to Lincoln Park for net proceeds of $1,470,000. Warrants Warrant activity for the nine months ended September 30, 2023 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ Average ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ ​ Outstanding ​ ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Exercise ​ Contract Warrants at December 31, 2022 ​ Issued ​ ​ Exercised ​ Expired ​ at September 30, 2023 ​ Price Term (Yrs.) Class W 526,362 ​ — ​ ​ — ​ (526,362) ​ — ​ $ — ​ — Class Z 123,109 ​ — ​ ​ — ​ — ​ 123,109 ​ ​ 12.00 ​ 0.75 CSSE Class I 800,000 ​ — ​ ​ — ​ — ​ 800,000 ​ ​ 8.13 ​ 0.62 CSSE Class II 1,200,000 ​ — ​ ​ — ​ — ​ 1,200,000 ​ ​ 9.67 ​ 0.62 CSSE Class III-A 380,000 ​ — ​ ​ — ​ — ​ 380,000 ​ ​ 11.61 ​ 0.62 CSSE Class III-B 1,620,000 ​ — ​ ​ — ​ — ​ 1,620,000 ​ ​ 11.61 ​ 0.62 Redbox Public (CSSEL) (1) ​ 1,039,183 ​ — ​ ​ — ​ — ​ 1,039,183 ​ ​ 132.18 ​ 3.07 Redbox Private (1) ​ 339,065 ​ — ​ ​ — ​ — ​ 339,065 ​ ​ 132.18 ​ 3.07 Total ​ 6,027,719 ​ — ​ ​ — ​ (526,362) ​ 5,501,357 ​ $ 32.75 ​ 1.24 ​ (1) The number of warrants is shown on an as converted basis based on exchange ratio of 0.087 , the gross warrants are 11,944,627 public and 3,897,303 private. Warrants Classified as Liabilities In connection with the merger of Redbox, the Company assumed all of Redbox’s 15,841,930 outstanding Public and Private Placement Warrants. The Redbox warrants prior to assumption had entitled the holder to purchase one whole share of Redbox Class A common stock at a price of $11.50 per share, subject to adjustment. As a result of the mergers and adjustment caused thereby, 11.494 warrants (the “Per Share Warrant Requirement”) are required to purchase one whole share of Company Class A common stock at an aggregate exercise price of $132.18 per share, subject to adjustment. This was calculated by dividing the pre-merger $11.50 per-share exercise price of the Redbox warrants by the 0.087 Exchange Ratio. No fractional shares will be issued upon exercise of the warrants, with shares of Company Class A common stock issued upon exercise of such warrants rounded up to nearest whole share based on the total shares of Company Class A common stock being exercised and, subject to the Per Share Warrant Requirement. The public warrants expire five years after issuance (October 24, 2026) or earlier upon redemption or liquidation. The Company may redeem the public warrants under the following conditions: • In whole and not in part; • At a price of $0.01 per warrant; • Upon not less than 30 days’ prior written notice of redemption (the “30-day redemption period”) to each warrant holder; and • if, and only if, the last reported sale price of the Company’s Class A common stock equals or exceeds $206.90 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company gives proper notice of such redemption and provided certain other conditions are met. The redemption criteria discussed above prevent a redemption call unless there is at the time of the call a significant premium to the warrant exercise price. If the foregoing conditions are satisfied and the Company issues a notice of redemption of the warrants, each warrant holder will be entitled to exercise its warrant prior to the scheduled redemption date. However, the price of the Company’s Class A common stock may fall below the $206.90 redemption trigger price (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) as well as the $132.18 warrant exercise price after the redemption notice is issued. The Private Placement Warrants are identical to the Public Warrants, except that the Private Placement Warrants are exercisable on a cashless basis and are non-redeemable so long as they are held by the initial purchasers or their permitted transferees. If the Private Placement Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants. As both the terms of the Private and Public warrants are substantively the same, the Company has determined to use the fair market value of the Public warrants to value all of the warrants. At the time of initial recording the warrants, they were valued at $2.52 per warrant or approximately $3.5 million. As of September 30, 2023 the fair market value of the warrants was $0.01 or $14 thousand. For the three and nine months ended September 30, 2023, the change in value was $10 thousand and $10.3 thousand, respectively. For the three and nine months ended September 30, 2023, the change in value was $3.4 million.

Segment Reporting and Geographi

Segment Reporting and Geographic Information	9 Months Ended
	Sep. 30, 2023
Segment and Geographic Information [Abstract]
Segment Reporting and Geographic Information	Note 17 – Segment Reporting and Geographic Information The Company’s reportable segments have been determined based on the distinct nature of its operations, the Company’s internal management structure, and the financial information that is evaluated regularly by the Company’s chief operating decision maker. The Company operates in one reportable segment and currently operates in the United States and internationally. Net revenue generated in the United States accounted for approximately 99% and 98% of total net revenue for three months ended September 30, 2023 and 2022, respectively, and 80% and 91% of total net revenue for nine months ended September 30, 2023 and 2022, respectively. All of the Company’s long-lived assets are based in the United States.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Summary of Significant Accounting Policies
Reclassifications	Reclassifications Certain amounts have been reclassified to conform to the current period’s presentation.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include restricted cash of $3.7 million at September 30, 2023 and December 31, 2022. See Note 11 for additional information.
Sale of Receivables	Sale of Receivables During the quarter ended September 30, 2023, the Company began factoring its accounts receivable on a nonrecourse basis with various finance partners. These agreements contain customary representations and warranties, with certain agreements providing for a specific percentage holdback on an invoice until the earlier of collection by the transferee or 180 days, as well as obligating the Company to provide support to the transferee’s collection efforts in the event of nonpayment by our customer. As the Company does not maintain effective control over the transferred receivables, these transfers are derecognized from our Consolidated Balance Sheet. During the three and nine months ended September 30, 2023, the Company sold $18.4 million of receivables, received $17.0 million of cash and incurred discount fees of $0.9 million. The amount receivable from our factoring partners at September 30, 2023 is less than $1 million and our collection support efforts have been de minimis, therefore, no servicing
Property and Equipment	Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization. Expenditures that extend the life, increase the capacity, or improve the efficiency of property and equipment are capitalized, while expenditures for repairs and maintenance are expensed as incurred. Depreciation and amortization are recognized using the straight-line method over the following approximate useful lives: ​ ​ ​ ​ ​ ​ ​ Useful Life Redbox kiosks and components ​ ​ 3 ​ Computers and software ​ ​ 2 ​ Leasehold improvements (shorter of life of asset or remaining lease term) ​ ​ 3 ​ Office furniture and equipment ​ ​ 5 ​ Vehicles ​ ​ 3 ​ ​ The value of the Company’s property and equipment as of September 30, 2023 and December 31, 2022 is included in Other assets, net on the Consolidated Balance Sheets and is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2023 ​ ​ 2022 Redbox kiosks and components ​ $ 13,163,000 ​ ​ $ 13,707,512 Computers and software ​ 18,867,700 ​ ​ 13,857,011 Leasehold improvements (shorter of life of asset or remaining lease term) ​ 5,119,077 ​ ​ 5,119,077 Office furniture and equipment ​ 1,306,881 ​ ​ 1,287,104 Vehicles ​ 1,631,026 ​ ​ 2,747,604 Property and equipment, at cost ​ ​ 40,087,684 ​ ​ ​ 36,718,308 Less: accumulated depreciation and amortization ​ ​ (17,412,376) ​ ​ ​ (11,570,457) Property and equipment, net ​ $ 22,675,308 ​ ​ $ 25,147,851 ​ During the three and nine months ended September 30, 2023 the Company recorded depreciation and amortization expense of $2,752,131 and $9,531,130, respectively. During the three and nine months ended September, 2022, the Company recorded depreciation and amortization expense of $1,854,480 and $2,021,295, respectively.
Internal-Use Software	Internal-Use Software The Company capitalizes costs incurred to develop or obtain internal-use software during the application development stage. Capitalization of software development costs occurs after the preliminary project stage is complete, management authorizes the project, and it is probable that the project will be completed, and the software will be used for the function intended. The Company expenses costs incurred for training, data conversion, and maintenance, as well as spending in the post-implementation stage. A subsequent addition, modification or upgrade to internal-use software is capitalized only to the extent that it enables the software to perform a task it previously could not perform. The internal-use software is included in computers and software under property and equipment in the Company’s Consolidated Balance Sheets. The Company amortizes internal-use software over its estimated useful life on a straight-line basis.
Assumed Redbox Warrant Liabilities	Assumed Redbox Warrant Liabilities The Company classified its Redbox public and private placement warrants as a liability at their fair value. This liability is subject to remeasurement at each balance sheet date. With each such re-measurement, the warrant liability will be adjusted to fair value, with the change in fair value recognized in the Company’s Statements of Operations in Other non-operating income, net. The public warrants are valued at a market price based on a quoted price in an active market. As both the public and private warrants have mostly the same characteristics the quoted price is used to remeasure all of the warrants. See Note 16 for additional information.
Asset Retirement Obligations	Asset Retirement Obligations The asset retirement obligation (“ARO”) represents the estimated amounts the Company is obligated to pay to return the space a Redbox kiosk occupies to its original condition upon removal of the kiosk. The Company utilizes current retirement costs to estimate the expected cash outflows for retirement obligations. The timing of kiosk removals cannot be reasonably determined. The Company’s $12.6 million of ARO liabilities are included in Other liabilities on the Consolidated Balance Sheets.
Promotional Codes and Gift Cards	Promotional Codes and Gift Cards Redbox offers its consumers the option to purchase stored value products in the form of bulk promotional codes and electronic gift cards. There are no expiration dates on these products and the Company does not charge service fees that cause a decrease to customer balances in the case of gift cards. Cash receipts from the sale of promotional codes and gift cards are recorded as deferred revenue in Accrued expenses and recognized as revenue upon redemption. Additionally, the Company recognizes revenue from non-redeemed or partially redeemed promotional codes and gift cards in proportion to the historical redemption patterns, referred to as “breakage.” Estimated breakage revenue is recognized over time in proportion to actual promotional code and gift card redemptions and is not material in any period presented. As of September 30, 2023 and December 31, 2022, $7.4 million and $7.3 million, respectively, were deferred related to purchased but unredeemed promotional codes and gift cards and are included in Accrued expenses in the accompanying Consolidated Balance Sheets.
Loyalty Program	Loyalty Program Redbox Perks allows members to earn points based on transactional and non-transactional activities with Redbox. As customers accumulate points, the Company defers revenue based on its estimate of both the amount of consideration paid by Perks members to earn awards and the value of the eventual award it expects the members to redeem. The Company defers an appropriate amount of revenue in order to properly recognize revenue from Perks members in relation to the benefits of the program. The Company also estimates the quantity of points that will not be redeemed by Perks members (“breakage”). Breakage reduces the amount of revenue deferred from loyalty points over the period of, and in proportion to, the actual redemptions of loyalty points based on observed historical breakage and consumer rental patterns. As of September 30, 2023 and December 31, 2022, $1.7 million and $2.3 million, respectively, of revenue was deferred related to Perks and is included in Accrued expenses in the accompanying Consolidated Balance Sheets.

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2023
Summary of Significant Accounting Policies
Schedule of property and equipment useful lives	​ ​ ​ ​ ​ ​ ​ Useful Life Redbox kiosks and components ​ ​ 3 ​ Computers and software ​ ​ 2 ​ Leasehold improvements (shorter of life of asset or remaining lease term) ​ ​ 3 ​ Office furniture and equipment ​ ​ 5 ​ Vehicles ​ ​ 3 ​
Schedule of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2023 ​ ​ 2022 Redbox kiosks and components ​ $ 13,163,000 ​ ​ $ 13,707,512 Computers and software ​ 18,867,700 ​ ​ 13,857,011 Leasehold improvements (shorter of life of asset or remaining lease term) ​ 5,119,077 ​ ​ 5,119,077 Office furniture and equipment ​ 1,306,881 ​ ​ 1,287,104 Vehicles ​ 1,631,026 ​ ​ 2,747,604 Property and equipment, at cost ​ ​ 40,087,684 ​ ​ ​ 36,718,308 Less: accumulated depreciation and amortization ​ ​ (17,412,376) ​ ​ ​ (11,570,457) Property and equipment, net ​ $ 22,675,308 ​ ​ $ 25,147,851

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	Sep. 30, 2023
Schedule of proforma financial information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, 2022 ​ September 30, 2022 Net revenue ​ $ 99,561,227 ​ ​ $ 295,625,227 ​ Net loss ​ $ (57,047,000) ​ ​ $ (167,863,000) ​
Schedule of stand-alone financial performance	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2023 ​ ​ ​ Redbox ​ ​ 1091 ​ ​ Total Net revenue ​ $ 36,089,934 ​ $ 4,536,617 ​ $ 40,626,551 Net income (loss) ​ $ (393,023,009) ​ $ 481,206 ​ $ (392,541,803) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2022 ​ ​ ​ Redbox ​ ​ 1091 ​ ​ Total Net revenue ​ $ 31,585,586 ​ $ 8,211,291 ​ $ 39,796,877 Net income (loss) ​ $ (9,542,257) ​ $ 788,526 ​ $ (8,753,731) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2023 ​ ​ ​ Redbox ​ ​ 1091 ​ ​ Total Net revenue ​ $ 122,357,732 ​ $ 22,630,380 ​ $ 144,988,112 Net income (loss) ​ $ (446,241,369) ​ $ 3,914,763 ​ $ (442,326,606) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2022 ​ ​ ​ Redbox ​ ​ 1091 ​ ​ Total Net revenue ​ $ 31,585,586 ​ $ 14,466,526 ​ $ 46,052,112 Net income (loss) ​ $ (9,542,257) ​ $ 566,867 ​ $ (8,975,390) ​
Redbox Entertainment Inc.
Schedule of preliminary allocation of the purchase price	​ ​ ​ ​ ​ Class A common stock $ 65,828,719 ​ Class A common stock issued upon vesting of Redbox RSUs ​ 703,244 ​ Class A common stock warrants issued to Redbox warrant holders ​ 3,473,185 ​ Total merger consideration $ 70,005,148 ​
Schedule of fair values of assets acquired	​ ​ ​ ​ ​ Assets acquired: ​ ​ ​ Cash, cash equivalents and restricted cash ​ $ 12,921,550 Accounts receivable ​ ​ 17,756,450 Content library ​ ​ 20,647,154 Prepaid expenses and other assets ​ ​ 16,439,902 Property and equipment ​ 15,504,940 Right-of-use assets ​ ​ 7,183,735 Intangible assets (1) ​ ​ 291,200,000 Goodwill ​ 211,932,734 Total assets acquired ​ ​ 593,586,465 ​ ​ ​ ​ Liabilities assumed: ​ ​ ​ Debt ​ ​ 359,854,921 Accounts payable and accrued expenses ​ ​ 87,406,063 Operating lease liabilities ​ ​ 7,183,736 Financing lease liabilities ​ ​ 2,241,304 Other liabilities ​ ​ 66,895,293 Total liabilities assumed ​ ​ 523,581,317 ​ ​ ​ ​ Net assets acquired ​ $ 70,005,148 (1) The weighted-average useful life of the intangible assets acquired is approximately 14 years .
1091 Media, LLC
Schedule of preliminary allocation of the purchase price	​ ​ ​ ​ ​ ​ ​ ​ Accounts receivable, net ​ $ 4,677,133 Content assets ​ ​ 4,695,000 Other assets ​ ​ 49,347 Intangibles ​ ​ 2,810,000 Goodwill ​ ​ 5,476,711 Total assets acquired ​ 17,708,191 Accounts payable and accrued expenses ​ 129,244 Revenue share payable ​ ​ 1,623,177 Accrued third-party share ​ ​ 3,999,544 Total liabilities assumed ​ 5,751,965 Net assets acquired ​ $ 11,956,226 ​ ​ ​ ​ ​ ​ Cash consideration ​ $ 8,000,000 Equity consideration - Class A common stock ​ ​ 3,303,750 Equity consideration - Series A Preferred Stock ​ ​ 1,980,000 Purchase price consideration ​ ​ 13,283,750 Less: cash acquired ​ ​ (1,327,524) Total Estimated Purchase Price ​ $ 11,956,226

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue Recognition [Abstract]
Schedule of disaggregate of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ ​ ​ ​ ​ ​ % of ​ ​ ​ ​ % of ​ ​ 2023 revenue 2022 revenue ​ Revenue: ​ ​ ​ ​ VOD and streaming ​ $ 21,760,898 33 % $ 30,895,649 43 % Retail ​ ​ 27,532,500 ​ 42 % ​ 25,658,906 ​ 35 % Licensing and other ​ 16,430,488 25 % 15,837,708 22 % Net revenue ​ $ 65,723,886 100 % $ 72,392,263 100 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ % of ​ ​ ​ ​ % of ​ ​ 2023 revenue 2022 revenue ​ Revenue: ​ ​ ​ VOD and streaming ​ $ 88,096,073 34 % $ 81,753,377 59 % Retail ​ ​ 90,752,363 ​ 36 % ​ 25,658,906 ​ 18 % Licensing and other ​ 76,384,806 30 % 31,823,124 23 % Net revenue ​ $ 255,233,242 100 % $ 139,235,407 100 %
Schedule of contract balances	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2023 ​ 2022 Accounts receivable, net ​ $ 22,038,271 ​ $ 39,467,049 Contract assets (included in accounts receivable) ​ ​ 135,714,087 ​ ​ 74,496,376 Total accounts receivable, net ​ $ 157,752,358 ​ $ 113,963,425 ​ ​ ​ ​ ​ ​ ​ Deferred revenue (included in accrued expenses) ​ $ (19,040,485) ​ $ (12,043,508)

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Compensation [Abstract]
Schedule of stock options activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ Weighted ​ Average ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ Aggregate ​ ​ Number of ​ Exercise ​ Contract ​ Intrinsic ​ Stock Options Price Term (Yrs.) Value Outstanding at December 31, 2022 1,511,046 ​ $ 14.89 ​ 3.15 ​ $ — Granted — ​ ​ — — ​ — Forfeited (37,000) ​ ​ 19.27 — ​ — Exercised — ​ ​ — — ​ — Expired — ​ — — ​ — Outstanding at September 30, 2023 1,474,046 ​ $ 14.62 ​ 2.38 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and exercisable at December 31, 2022 889,623 ​ $ 14.02 2.62 ​ $ — Vested and exercisable at September 30, 2023 1,053,417 ​ $ 14.35 2.05 ​ $ —
Schedule of weighted average assumptions to estimate the fair value of stock options	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, Weighted Average Assumptions: 2023 (a) 2022 Expected dividend yield ​ — % ​ — % Expected equity volatility ​ — % ​ 68.9 % Expected term (years) ​ — ​ 5 ​ Risk-free interest rate ​ — % ​ 2.66 % Exercise price per stock option ​ $ — ​ $ 8.82 ​ Market price per share ​ $ — ​ $ 8.82 ​ Weighted average fair value per stock option ​ $ — ​ $ 4.89 ​ ​ ​ (a) There were no stock options granted during the nine months ended September 30, 2023.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings (Loss) Per Share [Abstract]
Schedule of components of basic and diluted loss per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ 2023 2022 Net loss available to common stockholders ​ $ (433,354,738) ​ $ (20,060,247) ​ ​ ​ ​ ​ ​ ​ Basic weighted-average common shares outstanding ​ 31,442,984 ​ 17,802,522 Dilutive effect of options and warrants ​ — ​ — Weighted-average diluted common shares outstanding ​ 31,442,984 ​ 17,802,522 ​ ​ ​ ​ ​ ​ ​ Basic and diluted loss per share ​ $ (13.78) ​ $ (1.13) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ 2023 2022 Net loss available to common stockholders ​ $ (535,664,270) ​ $ (54,970,397) ​ ​ ​ ​ ​ ​ ​ Basic weighted-average common shares outstanding ​ 27,256,807 ​ 16,040,097 Dilutive effect of options and warrants ​ — ​ — Weighted-average diluted common shares outstanding ​ 27,256,807 ​ 16,040,097 ​ ​ ​ ​ ​ ​ ​ Basic and diluted loss per share ​ $ (19.65) ​ $ (3.43) ​

Content Assets, net (Tables)

Content Assets, net (Tables)	9 Months Ended
	Sep. 30, 2023
Content Assets [Abstract]
Schedule of content assets	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2023 ​ 2022 Original productions: ​ ​ ​ ​ ​ ​ Programming costs released ​ $ 34,305,804 ​ $ 31,081,500 In production ​ 65,170 ​ 806,009 In development ​ 8,642,704 ​ 8,377,649 Less: accumulated amortization (a) ​ ​ (34,198,041) ​ ​ (31,651,552) Programming costs, net ​ ​ 8,815,637 ​ ​ 8,613,606 ​ ​ ​ ​ ​ ​ ​ Film library: ​ ​ ​ ​ ​ ​ Film library acquisition costs ​ ​ 225,021,820 ​ ​ 208,982,878 Less: accumulated amortization (b) ​ ​ (153,635,072) ​ ​ (125,967,305) Film library costs, net ​ ​ 71,386,748 ​ ​ 83,015,573 ​ ​ ​ ​ ​ ​ ​ Licensed program rights: ​ ​ ​ ​ ​ ​ Programming rights ​ ​ 73,214,666 ​ ​ 56,288,723 Less: accumulated amortization (c) ​ ​ (48,096,257) ​ ​ (21,827,394) Programming rights, net ​ ​ 25,118,409 ​ ​ 34,461,329 Content assets, net ​ $ 105,320,794 ​ $ 126,090,508 (a) (b) (c)
Schedule of content asset amortization	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ Nine Months Ended ​ ​ September 30, ​ ​ September 30, ​ ​ 2023 ​ 2022 ​ 2023 ​ 2022 Original productions ​ $ 717,144 ​ $ 520,471 ​ ​ $ 1,524,057 ​ $ 1,583,994 Film library ​ ​ 2,568,656 ​ ​ 7,008,740 ​ ​ ​ 24,026,165 ​ ​ 19,874,419 Licensed program rights ​ ​ 4,679,600 ​ ​ 8,119,792 ​ ​ ​ 19,211,720 ​ ​ 9,336,227 Content asset impairment ​ 8,079,575 ​ — ​ ​ 11,721,177 ​ — Total content asset amortization ​ $ 16,044,975 ​ $ 15,649,003 ​ ​ $ 56,483,119 ​ $ 30,794,640

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets, net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Net ​ ​ ​ Carrying ​ ​ Accumulated ​ ​ ​ ​ ​ Carrying ​ ​ ​ Amount ​ ​ Amortization ​ ​ Impairment ​ ​ Amount September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Crackle Plus content rights ​ $ 1,708,270 ​ $ 1,708,270 ​ $ - ​ $ - Crackle Plus brand value ​ ​ 18,807,004 ​ ​ 11,754,380 ​ ​ 2,753,000 ​ ​ 4,299,624 Crackle Plus partner agreements ​ ​ 4,005,714 ​ ​ 3,505,000 ​ ​ - ​ ​ 500,714 Distribution network ​ ​ 3,600,000 ​ ​ 2,800,000 ​ ​ - ​ ​ 800,000 Locomotive contractual rights ​ ​ 1,206,870 ​ ​ 786,194 ​ ​ - ​ ​ 420,676 1091 intangible assets ​ ​ 2,810,000 ​ ​ 1,636,111 ​ ​ - ​ ​ 1,173,889 Redbox - Trade names and trademarks ​ ​ 82,700,000 ​ ​ 6,202,500 ​ ​ 52,798,000 ​ ​ 23,699,500 Redbox - Technology ​ ​ 30,800,000 ​ ​ 4,950,000 ​ ​ 17,150,000 ​ ​ 8,700,000 Redbox - Customer Relationships ​ ​ 177,700,000 ​ ​ 15,783,750 ​ ​ 160,103,750 ​ ​ 1,812,500 Popcornflix brand value ​ ​ 7,163,943 ​ ​ 549,591 ​ ​ 3,500,000 ​ ​ 3,114,352 Total definite lived intangibles ​ ​ 330,501,801 ​ ​ 49,675,796 ​ ​ 236,304,750 ​ ​ 44,521,255 Chicken Soup for the Soul Brand ​ ​ 5,000,000 ​ ​ - ​ ​ 5,000,000 ​ ​ - Total indefinite lived intangibles ​ ​ 5,000,000 ​ ​ - ​ ​ 5,000,000 ​ ​ - Total ​ $ 335,501,801 ​ $ 49,675,796 ​ $ 241,304,750 ​ $ 44,521,255 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Crackle Plus content rights ​ $ 1,708,270 ​ $ 1,708,270 ​ $ — ​ $ — Crackle Plus brand value ​ ​ 18,807,004 ​ ​ 9,739,341 ​ ​ — ​ ​ 9,067,663 Crackle Plus partner agreements ​ ​ 4,005,714 ​ ​ 2,904,143 ​ ​ — ​ ​ 1,101,571 Distribution network ​ ​ 3,600,000 ​ ​ 1,900,000 ​ ​ — ​ ​ 1,700,000 Locomotive contractual rights ​ ​ 1,206,870 ​ ​ 484,477 ​ ​ — ​ ​ 722,393 1091 intangible assets ​ ​ 2,810,000 ​ ​ 861,111 ​ ​ — ​ ​ 1,948,889 Redbox - Trade names and trademarks ​ ​ 82,700,000 ​ ​ 2,067,500 ​ ​ — ​ ​ 80,632,500 Redbox - Technology ​ ​ 30,800,000 ​ ​ 1,650,000 ​ ​ — ​ ​ 29,150,000 Redbox - Customer Relationships ​ ​ 177,700,000 ​ ​ 5,261,250 ​ ​ — ​ ​ 172,438,750 Popcornflix brand value ​ ​ 7,163,943 ​ ​ — ​ ​ 3,500,000 ​ ​ 3,663,943 Total definite lived intangibles ​ ​ 330,501,801 ​ ​ 26,576,092 ​ ​ 3,500,000 ​ ​ 300,425,709 Chicken Soup for the Soul Brand ​ ​ 5,000,000 ​ ​ — ​ ​ — ​ ​ 5,000,000 Total indefinite lived intangibles ​ ​ 5,000,000 ​ ​ — ​ ​ — ​ ​ 5,000,000 Total ​ $ 335,501,801 ​ $ 26,576,092 ​ $ 3,500,000 ​ $ 305,425,709
Schedule of future amortization expense	​ ​ ​ ​ ​ Remainder of 2023 ​ $ 2,480,491 2024 ​ 8,397,392 2025 ​ 6,246,585 2026 ​ 4,577,986 2027 ​ ​ 3,906,169 2028 ​ ​ 3,173,381 Beyond ​ ​ 15,739,251 Total ​ $ 44,521,255
Schedule of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ Digital ​ Distribution & Production Retail Beginning balance ​ $ 155,069,845 ​ $ 26,552,214 ​ $ 79,125,998 ​ Adjustments ​ ​ — ​ — ​ ​ (3,352,082) ​ Accumulated impairments ​ ​ (61,128,000) ​ ​ — ​ ​ (75,773,916) ​ Total ​ $ 93,941,845 ​ $ 26,552,214 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Digital ​ Distribution & Production Retail Beginning balance ​ $ 18,911,027 ​ $ 21,075,503 ​ $ — ​ Acquisitions ​ 136,158,818 ​ 5,476,711 ​ ​ 79,125,998 ​ Total ​ $ 155,069,845 ​ $ 26,552,214 ​ $ 79,125,998 ​

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Schedule of amounts recorded in condensed consolidated balance sheet	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ 2023 ​ ​ 2022 Right-of-Use Assets ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets ​ $ 13,690,157 ​ $ 16,315,342 ​ ​ ​ ​ ​ ​ ​ Lease Liabilities: ​ ​ ​ ​ ​ ​ Operating lease liabilities ​ $ 15,180,113 ​ $ 18,079,469 ​ ​ ​ ​ ​ ​ ​ Finance Lease cost ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets ​ $ 1,347,679 ​ $ 827,191 Interest on lease liabilities ​ ​ 111,178 ​ ​ 35,633 Total finance lease cost ​ $ 1,458,857 ​ $ 862,824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ December 31, ​ ​ ​ 2023 ​ ​ 2022 Operating leases ​ ​ ​ ​ ​ ​ Weighted average remaining lease term ​ ​ 5.6 years ​ ​ 5.9 years Weighted average discount rate ​ ​ 7% ​ ​ 7% Finance Leases ​ ​ ​ ​ ​ ​ Weighted average remaining lease term ​ ​ 2.6 years ​ ​ 1.1 years Weighted average discount rate ​ ​ 5% ​ ​ 4%
Schedule of expected future payments relating to our operating lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating ​ Financing Remainder of 2023 $ 1,182,546 $ 365,927 2024 ​ ​ 4,195,546 ​ ​ 1,420,853 2025 ​ ​ 3,675,921 ​ ​ 1,164,873 2026 ​ ​ 2,104,048 ​ ​ 817,008 2027 ​ 1,643,022 ​ 65,969 2028 ​ ​ 1,495,221 ​ ​ — Thereafter ​ 3,735,105 ​ — Total minimum payments ​ ​ 18,031,409 ​ ​ 3,834,630 Less amounts representing interest ​ ​ 2,851,296 ​ ​ 318,717 Present value of minimum payments ​ $ 15,180,113 ​ $ 3,515,913 ​
Schedule of expected future payments relating to our finance lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating ​ Financing Remainder of 2023 $ 1,182,546 $ 365,927 2024 ​ ​ 4,195,546 ​ ​ 1,420,853 2025 ​ ​ 3,675,921 ​ ​ 1,164,873 2026 ​ ​ 2,104,048 ​ ​ 817,008 2027 ​ 1,643,022 ​ 65,969 2028 ​ ​ 1,495,221 ​ ​ — Thereafter ​ 3,735,105 ​ — Total minimum payments ​ ​ 18,031,409 ​ ​ 3,834,630 Less amounts representing interest ​ ​ 2,851,296 ​ ​ 318,717 Present value of minimum payments ​ $ 15,180,113 ​ $ 3,515,913 ​

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of debt	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2023 ​ 2022 HPS term ​ $ 369,900,033 ​ $ 335,342,705 HPS revolving loan ​ ​ 90,881,204 ​ ​ 82,362,336 Notes due 2025 ​ ​ 44,855,900 ​ ​ 44,855,900 Film acquisition advances ​ ​ 30,996,179 ​ ​ 27,837,565 MUFG Bank, LTD film financing facility ​ ​ 6,186,413 ​ ​ 6,577,243 Other debt ​ ​ 5,934,595 ​ ​ 3,204,255 Total gross debt ​ ​ 548,754,324 ​ ​ 500,180,004 Less: debt issuance costs and discounts ​ ​ (17,402,238) ​ ​ (20,526,393) Total debt, net ​ ​ 531,352,086 ​ ​ 479,653,611 Less: current portion ​ (22,169,834) ​ (18,798,515) Total long-term debt, net ​ $ 509,182,252 ​ $ 460,855,096
Schedule of aggregate maturities of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ Remainder of 2023 ​ $ 9,640,530 2024 ​ 28,235,901 2025 ​ 140,162,063 2026 ​ 754,341 2027 ​ ​ 369,961,489 Beyond ​ ​ — Total ​ $ 548,754,324 ​

Put Option Obligation (Tables)

Put Option Obligation (Tables)	9 Months Ended
	Sep. 30, 2023
CSS AVOD Inc.
Business Acquisition [Line Items]
Schedule of Options Indexed to Issuer's Equity [Table Text Block]	​ ​ ​ ​ ​ ​ September 30, ​ ​ 2023 Put Option Obligation ​ $ 4,100,000 Noncontrolling Interests ​ 94,247 Total ​ $ 4,194,247 ​

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Schedule of intercompany receivable and payable	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2023 ​ 2022 Due to affiliated companies ​ $ 3,222,990 ​ $ 3,778,936 Total due to/due from affiliated companies ​ $ 3,222,990 ​ $ 3,778,936

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of estimated content commitments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ 2023 ​ 2024 ​ 2025 and thereafter Minimum estimated content commitments $ 47,017,970 ​ $ 39,340,820 ​ $ 7,677,150 ​ $ —

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
Schedule of warrant activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ Average ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ ​ Outstanding ​ ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Exercise ​ Contract Warrants at December 31, 2022 ​ Issued ​ ​ Exercised ​ Expired ​ at September 30, 2023 ​ Price Term (Yrs.) Class W 526,362 ​ — ​ ​ — ​ (526,362) ​ — ​ $ — ​ — Class Z 123,109 ​ — ​ ​ — ​ — ​ 123,109 ​ ​ 12.00 ​ 0.75 CSSE Class I 800,000 ​ — ​ ​ — ​ — ​ 800,000 ​ ​ 8.13 ​ 0.62 CSSE Class II 1,200,000 ​ — ​ ​ — ​ — ​ 1,200,000 ​ ​ 9.67 ​ 0.62 CSSE Class III-A 380,000 ​ — ​ ​ — ​ — ​ 380,000 ​ ​ 11.61 ​ 0.62 CSSE Class III-B 1,620,000 ​ — ​ ​ — ​ — ​ 1,620,000 ​ ​ 11.61 ​ 0.62 Redbox Public (CSSEL) (1) ​ 1,039,183 ​ — ​ ​ — ​ — ​ 1,039,183 ​ ​ 132.18 ​ 3.07 Redbox Private (1) ​ 339,065 ​ — ​ ​ — ​ — ​ 339,065 ​ ​ 132.18 ​ 3.07 Total ​ 6,027,719 ​ — ​ ​ — ​ (526,362) ​ 5,501,357 ​ $ 32.75 ​ 1.24 ​ (1) The number of warrants is shown on an as converted basis based on exchange ratio of 0.087 , the gross warrants are 11,944,627 public and 3,897,303 private.

Description of the Business (De

Description of the Business (Details)	9 Months Ended
	Sep. 30, 2023 USD ($) item	Sep. 30, 2023 USD ($) item country	Sep. 30, 2023 USD ($) item segment	Dec. 31, 2022 USD ($)
Number of flagship	3	3	3
Number of channels	180	180	180
Number of reportable segments	1		1
Number of countries and territories worldwide the company has a presence | country		56
Deficit | $	$ (783,416,716)	$ (783,416,716)	$ (783,416,716)	$ (247,752,446)
Redbox Entertainment Inc.
Number of self service kiosks operated	28,000	28,000	28,000

Description of the Business - B

Description of the Business - Business Update, Going Concern and Strategic Alternatives (Details)	9 Months Ended
	Sep. 30, 2023 USD ($) Lender	Sep. 30, 2022 USD ($)	Aug. 11, 2023 USD ($)	Dec. 31, 2022 USD ($)	Aug. 31, 2022 USD ($)
Business Acquisition, Contingent Consideration [Line Items]
Corresponding rebound in demand for physical kiosk rentals, expected to return	33%
Net Cash Provided by (Used in) Operating Activities	$ (21,392,070)	$ (51,196,199)
Retained Earnings (Accumulated Deficit)	(783,416,716)			$ (247,752,446)
Working Capital	$ 40,000,000
Non-binding term sheets [Member]
Business Acquisition, Contingent Consideration [Line Items]
Number of third-party lenders | Lender	3
Debt Instrument, Unused Borrowing Capacity, Amount	$ 195,000,000
Two non-binding term sheets [Member]
Business Acquisition, Contingent Consideration [Line Items]
Number of third-party lenders | Lender	2
First non-binding term sheets [Member]
Business Acquisition, Contingent Consideration [Line Items]
Debt Instrument, Unused Borrowing Capacity, Amount	$ 50,000,000
Second non-binding term sheets [Member]
Business Acquisition, Contingent Consideration [Line Items]
Debt Instrument, Unused Borrowing Capacity, Amount	$ 50,000,000
Third non-binding term sheets [Member]
Business Acquisition, Contingent Consideration [Line Items]
Number of third-party lenders | Lender	1
Debt Instrument, Unused Borrowing Capacity, Amount	$ 145,000,000
Redbox Entertainment Inc.
Business Acquisition, Contingent Consideration [Line Items]
Debt acquired			$ 359,854,921		$ 359,900,000

Description of the Business - S

Description of the Business - Subsequent Events (Details) - Subsequent Event $ in Millions	3 Months Ended
	Dec. 20, 2023 USD ($) letter
Subsequent Event [Line Items]
Number of Notices From Nasdaq | letter	2
Series A Preferred Stock
Subsequent Event [Line Items]
Proceeds from Issuance of Private Placement | $	$ 5.9
9.50% Notes Due 2025
Subsequent Event [Line Items]
Preferred Stock, Dividend Rate, Percentage	9.75%
Debt Instrument, Interest Rate, Stated Percentage	9.50%

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Restricted cash	$ 3,657,070		$ 3,657,070		$ 3,706,153
Holdback period for invoice amount of factoring arrangement	180 days
Amount of receivables sold	$ 18,400,000		18,400,000
Proceeds from sale of receivables	17,000,000		17,000,000
Discount fees incurred on sale of receivables	900,000		900,000
Servicing asset	0		0
Servicing liability	0		0
Depreciation and Amortization Expense, Fixed Assets	2,752,131	$ 1,854,480	9,531,130	$ 2,021,295
Accrued expenses
Disaggregation of Revenue [Line Items]
Deferred promotional codes and gift cards	7,400,000		7,400,000		7,300,000
Deferred loyalty program	1,700,000		1,700,000		$ 2,300,000
Other liabilities
Disaggregation of Revenue [Line Items]
Asset retirement obligation	12,600,000		12,600,000
Maximum
Disaggregation of Revenue [Line Items]
Amount receivable from factoring partners	$ 1,000,000		$ 1,000,000

Basis of Presentation and Sum_5

Basis of Presentation and Summary of Significant Accounting Policies - Property and Equipment (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	$ 40,087,684	$ 36,718,308
Accumulated depreciation and amortization	(17,412,376)	(11,570,457)
Property and equipment, net	22,675,308	25,147,851
Redbox kiosks and components
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	$ 13,163,000	13,707,512
Redbox kiosks and components | Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Redbox kiosks and components | Maximum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Computers and software
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	$ 18,867,700	13,857,011
Computers and software | Minimum
Property, Plant and Equipment [Line Items]
Useful life	2 years
Computers and software | Maximum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Leasehold improvements (shorter of life of asset or remaining lease term)
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	$ 5,119,077	5,119,077
Leasehold improvements (shorter of life of asset or remaining lease term) | Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Leasehold improvements (shorter of life of asset or remaining lease term) | Maximum
Property, Plant and Equipment [Line Items]
Useful life	6 years
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	$ 1,306,881	1,287,104
Office furniture and equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Office furniture and equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful life	7 years
Vehicles
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	$ 1,631,026	$ 2,747,604
Vehicles | Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Vehicles | Maximum
Property, Plant and Equipment [Line Items]
Useful life	4 years

Business Combination - Purchase

Business Combination - Purchase Price Consideration Allocation (Details) - USD ($)	Aug. 11, 2022	Mar. 04, 2022
Redbox Entertainment Inc.
Business Acquisition [Line Items]
Warrant consideration	$ 3,473,185
Total	70,005,148
1091 Media, LLC
Business Acquisition [Line Items]
Cash consideration		$ 8,000,000
Total		13,283,750
Less: cash acquired		(1,327,524)
Total Estimated Purchase Price		11,956,226
RSUs | Redbox Entertainment Inc.
Business Acquisition [Line Items]
Equity consideration	703,244
Common Stock | Class A Common Stock | Redbox Entertainment Inc.
Business Acquisition [Line Items]
Equity consideration	$ 65,828,719
Common Stock | Class A Common Stock | 1091 Media, LLC
Business Acquisition [Line Items]
Equity consideration		3,303,750
Preferred Stock | Series A Preferred Stock | 1091 Media, LLC
Business Acquisition [Line Items]
Equity consideration		$ 1,980,000

Business Combination - Purcha_2

Business Combination - Purchase Price to Fair Value of Net Assets Acquired of Redbox (Details) - USD ($)	Sep. 30, 2023	Aug. 11, 2023	Dec. 31, 2022	Aug. 31, 2022
Assets acquired:
Goodwill	$ 120,494,059		$ 260,748,057
Redbox Entertainment Inc.
Assets acquired:
Cash, cash equivalents and restricted cash		$ 12,921,550
Accounts receivable		17,756,450
Content library		20,647,154
Prepaid expenses and other assets		16,439,902
Property and equipment		15,504,940
Right-of-use assets		7,183,735
Intangible assets(1)		291,200,000
Goodwill		211,932,734	$ 79,125,998
Total assets acquired		593,586,465
Liabilities assumed:
Debt		359,854,921		$ 359,900,000
Accounts payable and accrued expenses		87,406,063
Operating lease liabilities		7,183,736
Financing lease liabilities		2,241,304
Other liabilities		66,895,293
Total liabilities assumed		523,581,317
Net assets acquired		$ 70,005,148

Business Combination - Purcha_3

Business Combination - Purchase Price to Fair Value of Net Assets Acquired (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022	Mar. 04, 2022
Purchase price consideration allocated to fair value of net assets acquired:
Goodwill	$ 120,494,059	$ 260,748,057
1091 Media, LLC
Purchase price consideration allocated to fair value of net assets acquired:
Accounts receivable, net			$ 4,677,133
Content assets			4,695,000
Other assets			49,347
Intangibles			2,810,000
Goodwill			5,476,711
Total assets acquired			17,708,191
Accounts payable and accrued expenses			129,244
Revenue share payable			1,623,177
Accrued third party share			3,999,544
Total liabilities assumed			5,751,965
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net			$ 11,956,226

Business Combination - Addition

Business Combination - Additional Information (Details)					3 Months Ended		9 Months Ended
	Aug. 11, 2022 USD ($) shares	Aug. 10, 2022 USD ($)	Mar. 04, 2022 USD ($) item country shares	May 21, 2021 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Aug. 11, 2023 USD ($)	Dec. 31, 2022 USD ($)
Exchange ratio					0.087		0.087
Contingent consideration					$ 6,677,449		$ 6,677,449			$ 7,311,949
Net revenue					40,626,551	$ 39,796,877	144,988,112	$ 46,052,112
Net loss					(392,541,803)	(8,753,731)	(442,326,606)	(8,975,390)
1091 Media, LLC
Number of countries full service distribution provided | country			100
Number of licensed films | item			4,000
Redbox Entertainment Inc.
Percentage of shares of common stock	4.50%
Exchange ratio	0.087
Fair value of RSUs	$ 2,900,000	$ 700,000
Purchase price consideration	$ 70,005,148
Intangibles									$ 291,200,000
Weighted-average useful life of intangible assets	14 years
Net revenue					36,089,934	31,585,586	122,357,732	31,585,586
Net loss					(393,023,009)	(9,542,257)	(446,241,369)	(9,542,257)
Expected tax deductible amount	$ 7,900,000
Redbox Entertainment Inc. | Selling, general and administrative
Accelerated stock based compensation expense	2,200,000
Transaction Costs	$ 17,500,000
Redbox Entertainment Inc. | Tax rate
Fair value measurements of intangible assets	25
Redbox Entertainment Inc. | Royalty rate
Fair value measurements of intangible assets	2
Redbox Entertainment Inc. | Minimum
Estimated useful lives	3 years
Redbox Entertainment Inc. | Minimum | Discount rate
Fair value measurements of intangible assets	11
Redbox Entertainment Inc. | Maximum
Estimated useful lives	15 years
Redbox Entertainment Inc. | Maximum | Discount rate
Fair value measurements of intangible assets	12
Redbox Entertainment Inc. | RSUs
Number of shares issued | shares	199,231
Redbox Entertainment Inc. | Common Stock | Class A Common Stock
Number of shares issued | shares	4,700,000
1091 Media, LLC
Purchase price consideration			$ 13,283,750
Cash consideration			8,000,000
Intangibles			2,810,000
Cash Acquired from Acquisition			$ 1,327,524
Net revenue					4,536,617	8,211,291	22,630,380	14,466,526
Net loss					481,206	$ 788,526	3,914,763	$ 566,867
1091 Media, LLC | Minimum
Estimated useful lives			24 months
1091 Media, LLC | Maximum
Estimated useful lives			36 months
1091 Media, LLC | Common Stock | Class A Common Stock
Number of shares issued | shares			375,000
1091 Media, LLC | Preferred Stock | Series A Preferred Stock
Number of shares issued | shares			80,000
Sonar Entertainment Inc.
Contingent consideration					$ 6,700,000		$ 6,700,000
CSS AVOD Inc.
Percentage of shares of common stock				5%	5%		5%
Cash consideration				$ 11,500,000

Business Combination - Pro Form

Business Combination - Pro Forma Revenue (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2023
Business Combinations [Abstract]
Net revenue	$ 99,561,227	$ 295,625,227
Net loss	$ (57,047,000)	$ (167,863,000)

Business Combination - Standalo

Business Combination - Standalone financial performance (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net revenue	$ 40,626,551	$ 39,796,877	$ 144,988,112	$ 46,052,112
Net income (loss)	(392,541,803)	(8,753,731)	(442,326,606)	(8,975,390)
Redbox Entertainment Inc.
Net revenue	36,089,934	31,585,586	122,357,732	31,585,586
Net income (loss)	(393,023,009)	(9,542,257)	(446,241,369)	(9,542,257)
1091 Media, LLC
Net revenue	4,536,617	8,211,291	22,630,380	14,466,526
Net income (loss)	$ 481,206	$ 788,526	$ 3,914,763	$ 566,867

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregates our revenue by major operations (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Net revenues	$ 65,723,886	$ 72,392,263	$ 255,233,242	$ 139,235,407
Revenue
Disaggregation of Revenue [Line Items]
Net revenues	$ 65,723,886	$ 72,392,263	$ 255,233,242	$ 139,235,407
Revenue | Customer Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage	100%	100%	100%	100%
VOD and streaming
Disaggregation of Revenue [Line Items]
Net revenues	$ 21,760,898	$ 30,895,649	$ 88,096,073	$ 81,753,377
VOD and streaming | Customer Concentration Risk [Member] | Revenue | Customer Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage	33%	43%	34%	59%
Retail
Disaggregation of Revenue [Line Items]
Net revenues	$ 27,532,500	$ 25,658,906	$ 90,752,363	$ 25,658,906
Retail | Customer Concentration Risk [Member] | Revenue | Customer Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage	42%	35%	36%	18%
Licensing and other
Disaggregation of Revenue [Line Items]
Net revenues	$ 16,430,488	$ 15,837,708	$ 76,384,806	$ 31,823,124
Licensing and other | Customer Concentration Risk [Member] | Revenue | Customer Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage	25%	22%	30%	23%

Revenue Recognition - Contract

Revenue Recognition - Contract assets (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]
Accounts receivable, net	$ 22,038,271	$ 39,467,049
Contract assets (included in accounts receivable)	135,714,087	74,496,376
Total accounts receivable, net	157,752,358	113,963,425
Deferred revenue (included in accrued expenses)	$ (19,040,485)	$ (12,043,508)

Revenue Recognition - Additiona

Revenue Recognition - Additional information (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Net revenues	$ 65,723,886	$ 72,392,263	$ 255,233,242	$ 139,235,407
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage			25%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer B [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage			31%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer C [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage					14%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer D [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage					12%
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage	23%		12%
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Customer B [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage			16%

Share-Based Compensation (Detai

Share-Based Compensation (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Options, Options granted	0
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	1,511,046
Number of Stock Options, Options forfeited	(37,000)
Number of Stock Options, Total outstanding at the end of the period	1,474,046	1,511,046
Number of Stock Options, Total vested and exercisable	1,053,417	889,623
Weighted Average Exercise Price, Beginning of period	$ 14.89
Weighted Average Exercise Price, Forfeited	19.27
Weighted Average Exercise Price, End of period	14.62	$ 14.89
Weighted Average Exercise Price, Vested and Exercisable	$ 14.35	$ 14.02
Weighted Average Remaining Contract Term, Total outstanding	2 years 4 months 17 days	3 years 1 month 24 days
Weighted Average Remaining Contract Term Exercise Price, Vested and Exercisable	2 years 18 days	2 years 7 months 13 days

Share-Based Compensation - Weig

Share-Based Compensation - Weighted average assumptions (Details) - $ / shares	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Valuation assumptions:
Expected equity volatility		68.90%
Expected term (years)		5 years
Risk-free interest rate		2.66%
Exercise price per stock option		$ 8.82
Market price per share		8.82
Weighted average fair value per stock option		$ 4.89
Number of Stock Options, Options granted	0

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details)		3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 01, 2017 shares	Sep. 30, 2023 USD ($) director	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) director	Sep. 30, 2022 USD ($) shares	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock equivalents authorized under Plan | shares	5,000,000
Additional shares authorized under the plan | shares					2,500,000
Unrecognized pre-tax compensation expense		$ 2,649,523		$ 2,649,523
Number of directors receiving stock in-lieu of cash | director		2		2
Amount of cash payment settled		$ 42,500
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for share-based plan	2 years
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for share-based plan	3 years
Scenario, Forecast [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense recognized						$ 169,732	$ 1,709,556	$ 770,235
Straight-line [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense recognized		770,235	$ 798,600	$ 2,215,669	$ 2,625,756
Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense recognized		$ 63,750	$ 63,750	$ 191,250	$ 191,250

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net loss available to common stockholders	$ (433,354,738)	$ (20,060,247)	$ (535,664,270)	$ (54,970,397)
Basic weighted-average common shares outstanding	31,442,984	17,802,522	27,256,807	16,040,097
Weighted-average diluted common shares outstanding	31,442,984	17,802,522	27,256,807	16,040,097
Basic loss per share	$ (13.78)	$ (1.13)	$ (19.65)	$ (3.43)
Diluted loss per share	$ (13.78)	$ (1.13)	$ (19.65)	$ (3.43)
Stock Option
Anti-dilutive stock options or warrants	0		0
Warrant
Anti-dilutive stock options or warrants	0		0

Content Assets, net (Details)

Content Assets, net (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Content Assets [Abstract]
Programming costs released	$ 34,305,804		$ 34,305,804		$ 31,081,500
In production	65,170		65,170		806,009
In development	8,642,704		8,642,704		8,377,649
Accumulated amortization	(34,198,041)		(34,198,041)		(31,651,552)
Programming costs, net	8,815,637		8,815,637		8,613,606
Film library acquisition costs	225,021,820		225,021,820		208,982,878
Accumulated amortization	(153,635,072)		(153,635,072)		(125,967,305)
Film library costs, net	71,386,748		71,386,748		83,015,573
Programming rights	73,214,666		73,214,666		56,288,723
Accumulated amortization	(48,096,257)		(48,096,257)		(21,827,394)
Programming rights, net	25,118,409		25,118,409		34,461,329
Content assets, net	105,320,794		105,320,794		126,090,508
Television Programming Costs Impairment, Original Productions			11,374,639		10,352,207
Television Programming Costs Impairment, Acquired Film Library			12,236,701		8,595,099
Licensed Programming Rights			7,057,143		$ 0
Content asset impairment	$ 8,079,575	$ 0	$ 11,721,177	$ 0

Content Assets, net - Amortizat

Content Assets, net - Amortization (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Content Assets [Abstract]
Original productions	$ 717,144	$ 520,471	$ 1,524,057	$ 1,583,994
Film library	2,568,656	7,008,740	24,026,165	19,874,419
Licensed program rights	4,679,600	8,119,792	19,211,720	9,336,227
Content asset impairment	8,079,575	0	11,721,177	0
Total content asset amortization	16,044,975	$ 15,649,003	$ 56,483,119	$ 30,794,640
Content assets impairment, write off commercial dispute and incremental charges	$ 7,100,000

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill - Finite-lived (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Gross Carrying Amount	$ 330,501,801	$ 330,501,801
Accumulated Amortization	49,675,796	26,576,092
Impairment of definite intangible assets	236,304,750	3,500,000
Impairment of Indefinite intangible asset	5,000,000
Impairment of Intangible Assets	241,304,750	3,500,000
Net Carrying Amount	44,521,255	300,425,709
Gross carrying amount, indefinite lived intangible assets	5,000,000
Indefinite lived intangible assets		5,000,000
Finite and indefinite intangible assets, Gross Carrying Amount	335,501,801	335,501,801
Finite and indefinite intangible assets, Net Carrying Amount	44,521,255	305,425,709
Crackle Plus content rights
Gross Carrying Amount	1,708,270	1,708,270
Accumulated Amortization	1,708,270	1,708,270
Crackle Plus brand value
Gross Carrying Amount	18,807,004	18,807,004
Accumulated Amortization	11,754,380	9,739,341
Impairment of definite intangible assets	2,753,000
Net Carrying Amount	4,299,624	9,067,663
Crackle Plus partner agreements
Gross Carrying Amount	4,005,714	4,005,714
Accumulated Amortization	3,505,000	2,904,143
Net Carrying Amount	500,714	1,101,571
Distribution network
Gross Carrying Amount	3,600,000	3,600,000
Accumulated Amortization	2,800,000	1,900,000
Net Carrying Amount	800,000	1,700,000
Locomotive contractual rights
Gross Carrying Amount	1,206,870	1,206,870
Accumulated Amortization	786,194	484,477
Net Carrying Amount	420,676	722,393
1091 intangible asset
Gross Carrying Amount	2,810,000	2,810,000
Accumulated Amortization	1,636,111	861,111
Net Carrying Amount	1,173,889	1,948,889
Trade names and trademarks
Gross Carrying Amount	82,700,000	82,700,000
Accumulated Amortization	6,202,500	2,067,500
Impairment of definite intangible assets	52,798,000
Net Carrying Amount	23,699,500	80,632,500
Technology
Gross Carrying Amount	30,800,000	30,800,000
Accumulated Amortization	4,950,000	1,650,000
Impairment of definite intangible assets	17,150,000
Net Carrying Amount	8,700,000	29,150,000
Customer Relationships
Gross Carrying Amount	177,700,000	177,700,000
Accumulated Amortization	15,783,750	5,261,250
Impairment of definite intangible assets	160,103,750
Net Carrying Amount	1,812,500	172,438,750
Popcornflix brand value
Gross Carrying Amount	7,163,943	7,163,943
Accumulated Amortization	549,591
Impairment of definite intangible assets	3,500,000	3,500,000
Net Carrying Amount	3,114,352	3,663,943
Chicken Soup for the Soul Brand
Impairment of Indefinite intangible asset	5,000,000
Gross carrying amount, indefinite lived intangible assets	$ 5,000,000
Indefinite lived intangible assets		$ 5,000,000

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill - Amortization Expense (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2023	$ 2,480,491
2024	8,397,392
2025	6,246,585
2026	4,577,986
2027	3,906,169
2028	3,173,381
Beyond	15,739,251
Amortization expense	$ 44,521,255	$ 300,425,709

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill - Goodwill (Details) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Goodwill, Beginning Balance		$ 260,748,057
Accumulated impairment losses	$ (136,900,000)	(136,900,000)
Goodwill, Ending Balance	120,494,059	120,494,059	$ 260,748,057
Online networks
Goodwill, Beginning Balance		155,069,845	18,911,027
Acquisitions			136,158,818
Accumulated impairment losses		(61,128,000)
Goodwill, Ending Balance	93,941,845	93,941,845	155,069,845
Distribution and Production
Goodwill, Beginning Balance		26,552,214	21,075,503
Acquisitions			5,476,711
Goodwill, Ending Balance	$ 26,552,214	26,552,214	26,552,214
Redbox Entertainment Inc.
Goodwill, Beginning Balance		79,125,998
Adjustments		(3,352,082)
Acquisitions			79,125,998
Accumulated impairment losses		$ (75,773,916)
Goodwill, Ending Balance			$ 79,125,998

Intangible Assets and Goodwil_5

Intangible Assets and Goodwill - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) item	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) item	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 7,700,000	$ 4,500,000	$ 23,100,000	$ 7,700,000
Number of reporting units | item	2		2
Goodwill and intangible asset impairment	$ 374,706,666		$ 374,706,666
Impairment of intangible assets	237,800,000		237,800,000
Goodwill, Impairment Loss	136,900,000		136,900,000
Goodwill	$ 120,494,059		$ 120,494,059		$ 260,748,057

Leases - Balance sheet (Details

Leases - Balance sheet (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Right-of-Use Assets
Operating lease right-of-use assets	$ 13,690,157	$ 16,315,342
Lease Liabilities:
Operating lease liabilities	15,180,113	18,079,469
Finance Lease cost
Amortization of right-of-use assets	1,347,679	827,191
Interest of lease liabilities	111,178	35,633
Total finance lease cost	$ 1,458,857	$ 862,824
Operating leases, weighted average remaining lease term (in years)	5 years 7 months 6 days	5 years 10 months 24 days
Operating leases, weighted average discount rate (as percentage)	7%	7%
Finance Leases, weighted average remaining lease term (in years)	2 years 7 months 6 days	1 year 1 month 6 days
Finance Leases, weighted average discount rate (as percentage)	5%	4%

Leases - Future payments of ope

Leases - Future payments of operating and finance lease liabilities (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Operating
Remainder of 2023	$ 1,182,546
2024	4,195,546
2025	3,675,921
2026	2,104,048
2027	1,643,022
2028	1,495,221
Thereafter	3,735,105
Total minimum payments	18,031,409
Less amounts representing interest	2,851,296
Present value of minimum payments	15,180,113	$ 18,079,469
Financing
Remainder of 2023	365,927
2024	1,420,853
2025	1,164,873
2026	817,008
2027	65,969
Total minimum payments	3,834,630
Less amounts representing interest	318,717
Present value of minimum payments	$ 3,515,913
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities.

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Rent expenses	$ 2	$ 1.4	$ 5.5	$ 2.7
Cash paid for operating lease			$ 3.8

Debt - Schedule (Details)

Debt - Schedule (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Total gross debt	$ 548,754,324	$ 500,180,004
Less: debt issuance costs and discounts	(17,402,238)	(20,526,393)
Total debt, net	531,352,086	479,653,611
Less: current portion	(22,169,834)	(18,798,515)
Total long-term debt, net	509,182,252	460,855,096
HPS Term Loan
Total gross debt	369,900,033	335,342,705
HPS Revolving Loan
Total gross debt	90,881,204	82,362,336
MUFG Bank Film Financing Facility
Total gross debt	6,186,413	6,577,243
9.50% Notes Due 2025
Total gross debt	44,855,900	44,855,900
Film Acquisition Advance
Other debt	5,934,595	3,204,255
Total gross debt	30,996,179	27,837,565
Total debt, net	$ 6,500,000	$ 6,100,000

Debt - Future principal payment

Debt - Future principal payments (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Remainder of 2023	$ 9,640,530
2024	28,235,901
2025	140,162,063
2026	754,341
2027	369,961,489
Total debt	$ 548,754,324	$ 500,180,004

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)

9 Months Ended

Aug. 11, 2022

May 05, 2022

Apr. 20, 2022

Dec. 29, 2020

Jul. 17, 2020

Sep. 30, 2023

Sep. 30, 2022

Dec. 31, 2022

May 15, 2022

Jan. 31, 2022

Dec. 22, 2020

Aug. 27, 2020

Aug. 05, 2020

Outstanding debt

$ 548,754,324

$ 500,180,004

Payment of interest due

43,076,196

Outstanding balance

$ 531,352,086

479,653,611

HPS Credit Agreement

Debt instrument interest payment term

18 months

Outstanding debt

$ 460,800,000

PIK interests

55,000,000

Additional amount of PIK interest

43,100,000

Line of credit

$ 357,500,000

Revolving credit facility | HPS Credit Agreement

Unused line fee percentage

3.625%

Additional borrowing capacity

$ 80,000,000

Proceeds from revolving credit facility

25,900,000

Additional proceeds from line of credit

$ 22,300,000

Outstanding debt

$ 90,900,000

Debt instrument term

30 months

Line of credit

$ 31,700,000

Maximum borrowing capacity

$ 80,000,000

Revolving credit facility | HPS Credit Agreement | SOFR

Margin on base rate

7.25%

Interest rate

1%

Line of credit facility, interest rate

10.30%

Percentage of interest rate on additional borrowings

10.85%

Standby Letters of Credit | HPS Credit Agreement

Percentage of cash collateral for letters of credit

105%

Term of collateral pledged

1 year

Average balance

$ 2,900,000

Standby Letters of Credit | HPS Credit Agreement | Asset Pledged as Collateral

Contingently liable for letter of credit

300,000

Average balance

3,200,000

MUFG Bank Film Financing Facility

Additional borrowing capacity

0

Outstanding debt

6,186,413

6,577,243

Commitment fee on term loan

$ 0.50

Debt instrument term

4 years

Line Of credit facility reduced amount

$ 10,600,000

Line of credit current borrowing capacity

$ 20,000,000

Line of credit

$ 6,200,000

6,600,000

Line of credit interest rate at period

8.09%

MUFG Bank Film Financing Facility | Scenario One

Debt instrument term

1 month

MUFG Bank Film Financing Facility | Scenario Two

Debt instrument term

3 months

MUFG Bank Film Financing Facility | Scenario Three

Debt instrument term

9 months

MUFG Bank Film Financing Facility | SOFR

Margin on base rate

1.10%

MUFG Bank Film Financing Facility | Fed Funds Effective Rate Overnight Index Swap Rate

Margin on base rate

0.50%

Redbox Entertainment Inc.

Percentage of shares of common stock

4.50%

Redbox Entertainment Inc. | HPS Credit Agreement

Percentage of shares of common stock

4.50%

Payments for merger related costs

$ 1,200,000

Fair value of warrant

$ 14,900,000

9.50% Notes Due 2025

Original principal amount

$ 1,560,000

$ 10,400,000

$ 21,000,000

$ 1,100,000

Interest rate

9.50%

9.50%

9.50%

Proceeds from issuance of Class A common stock

11,094,946

$ 20,995,000

Payment of preferred stock issuance costs

$ 865,054

1,105,000

Percentage of cash collateral for letters of credit

9.50%

Outstanding debt

$ 44,855,900

44,855,900

Stated principal per note

$ 25

Discounted percentage

2%

Offering price per note

$ 24.85

9.50% Notes Due 2025 December Notes

Original principal amount

$ 1,408,150

$ 9,387,750

Interest rate

9.50%

Stated principal per note

$ 25

Discounted percentage

2%

Offering price per note

$ 24.50

Film Acquisition Advance

Original principal amount

$ 10,200,000

Interest rate

10%

Outstanding debt

30,996,179

27,837,565

Long-term debt term

2 years

Outstanding balance

6,500,000

6,100,000

Film Acquisition Advance | Media Entertainment Partners

Original principal amount

$ 33,100,000

Interest rate

12%

Long-term debt term

30 months

Outstanding balance

$ 24,500,000

$ 21,700,000

Period for reacquiring film rights

6 years

Commercial Loan

Repayments of commercial loan

$ 13,333,333

Term Loan | HPS Credit Agreement

Outstanding debt

$ 369,900,000

Debt instrument term

5 years

Line of credit

$ 325,800,000

Class A Common Stock

Proceeds from issuance of Class A common stock

$ 18,726,244

$ 3,533,563

Put Option Obligation (Details)

Put Option Obligation (Details) - CSS AVOD Inc. - USD ($)		9 Months Ended
	May 21, 2021	Sep. 30, 2023	Feb. 28, 2023
Business Acquisition [Line Items]
Percentage of shares of common stock	5%	5%
Cash consideration	$ 11,500,000
Notice period	60 days
Election period	3 years
Midcap Capital Fund, LLC
Business Acquisition [Line Items]
Percentage of shares of common stock		100%	5%
Cash consideration		$ 7,300,000
Consideration payable			$ 11,500,000
Put Option
Business Acquisition [Line Items]
Option Contract Indexed to Equity, Settlement, Cash, Amount		4,194,247
Put Option | Parent
Business Acquisition [Line Items]
Option Contract Indexed to Equity, Settlement, Cash, Amount		4,100,000
Put Option | Noncontrolling Interests
Business Acquisition [Line Items]
Option Contract Indexed to Equity, Settlement, Cash, Amount		$ 94,247

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Effective income tax rate	1%	35.90%
Federal statutory rate of 21%	21%	21%
Redbox Entertainment Inc.
Deferred tax asset valuation allowance		$ (27.4)
Deferred tax liability		$ 40.2

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Related Party Transactions [Abstract]
Due to affiliated companies	$ 3,222,990	$ 3,778,936
Total due to/due from affiliated companies	$ 3,222,990	$ 3,778,936

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)	1 Months Ended		3 Months Ended					9 Months Ended
	Mar. 31, 2023	Aug. 31, 2022	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Apr. 03, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Share Price						$ 8.82			$ 8.82
Management And License Fees			$ 3,886,794			$ 4,774,758		$ 16,665,284	$ 11,459,073
CSS
Related Party Transaction [Line Items]
Percentage of voting interest by parent								90.60%
CSS management agreement and CSS license agreement
Related Party Transaction [Line Items]
Shares issued								1,853,537
Aggregate fees payable under the management and license agreement	$ 3,450,000				$ 3,450,000
Percentage of fees payable through the issuance of common stock	25%
Fees payable through issuance of common stock	$ 12,750,000
Amount of fees earned in second quarter	$ 51,000,000				$ 51,000,000
Share Price			$ 3.05					$ 3.05
Value of shares issuable in lieu of payments			$ 7,100,000					$ 7,100,000
CSS
Related Party Transaction [Line Items]
Percentage of revenue earned paid to related party								10%
Percentage of revenue fees earned applied to limited revenue categories		10%
CSS | Management and license fees
Related Party Transaction [Line Items]
Aggregate fees payable under the management and license agreement										$ 3,800,000
Management And License Fees			3,900,000			4,800,000		$ 16,700,000	11,500,000
Minority Shareholders Of Subsidiary
Related Party Transaction [Line Items]
Revenue from related parties			0			$ 0		0	$ 0
Accounts receivable outstanding			$ 3,500,000					$ 3,500,000			$ 4,800,000
Class A common stock | CSS
Related Party Transaction [Line Items]
Shares issued								3,496,552
Class A common stock | CSS management agreement and CSS license agreement
Related Party Transaction [Line Items]
Shares issued								1,853,537
Fees payable through issuance of common stock								$ 5,700,000
Class A common stock | CSS | Management and license fees
Related Party Transaction [Line Items]
Shares issued								1,853,537
Class B Common Stock | CSS
Related Party Transaction [Line Items]
Noncontrolling interests percent			100%					100%
Common Stock | CSS
Related Party Transaction [Line Items]
Noncontrolling interests percent			35.20%					35.20%
Common Stock | Class A common stock
Related Party Transaction [Line Items]
Shares issued			35,714	7,978,888	359,831	219,095	155,871

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Programming obligations	$ 66,309,363	$ 55,883,788
Contingent consideration	6,677,449	7,311,949
Content Acquisition, Licensing And Production
Content obligation	154,100,000	124,300,000
Library acquisition	38,000,000	39,800,000
Programming obligations	66,300,000	55,800,000
Minimum estimated content commitments	49,800,000	$ 28,700,000
Sonar Entertainment Inc.
Contingent consideration	$ 6,700,000

Commitments and Contingencies_2

Commitments and Contingencies - Estimated Commitments (Details) - Acquisition of Content and Distribution Rights	Sep. 30, 2023 USD ($)
Other Commitments [Line Items]
2023	$ 39,340,820
2024	7,677,150
Minimum estimated content payments	$ 47,017,970

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details)					3 Months Ended					9 Months Ended
	Apr. 03, 2023 USD ($) $ / shares shares	Mar. 12, 2023 USD ($)	Jun. 30, 2022 shares	Jun. 29, 2022 shares	Sep. 30, 2023 USD ($) D director $ / shares shares	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($) shares	Sep. 30, 2023 USD ($) D director $ / shares shares	Sep. 30, 2022 USD ($) shares	Dec. 31, 2022 shares	Aug. 11, 2022	Feb. 28, 2022 USD ($)	Feb. 27, 2022 USD ($)
Number of shares authorized | shares			200,000,000	100,000,000
Stock repurchase program, shares authorized value														$ 30,000,000	$ 10,000,000
Remaining stock repurchase plan authorized					$ 3,474,299					$ 3,474,299
Issuance of common stock, net					150,000	$ 15,100,439	$ 1,887,241	$ 2,255,770	$ 1,120,419
Stock issued as payment for management and licensing fees					$ 971,698	$ 1,231,587	3,450,000
Stock issued to directors in lieu of cash | director					2					2
Exchange ratio					0.087					0.087
Redbox Entertainment Inc.
Exchange ratio													0.087
Director
Stock issued as payment for management and licensing fees (in shares) | shares										35,714
Stock issued as payment for management and licensing fees										$ 42,500
Lincoln Park
Issuance of common stock, net							$ 1,470,000
Term of shares offering		36 months
Lincoln Park | Maximum
Aggregate value of shares to be issued		$ 50,000,000
CSS | Management and license fees
Aggregate fees payable under the management and license agreement	$ 3,800,000
Redbox warrants
Warrants Classified as Liabilities, Warrants Assumed | shares					15,841,930					15,841,930
Warrants Classified as Liabilities, Price Per Share Prior To Assumptions | $ / shares					$ 11.50					$ 11.50
Warrants Classified as Liabilities, Warrant Conversion Into Share Ratio					11.494					11.494
Warrants Classified as Liabilities, Exchange Ratio					0.087					0.087
Term of warrants					5 years					5 years
Warrant price | $ / shares					$ 2.52					$ 2.52
Fair market value of warrants per warrant					$ 0.01					$ 0.01
Fair market value of warrants					14,000					14,000
Warrants and rights outstanding					$ 3,500,000					$ 3,500,000
Number of securities called by each warrants or rights | shares					1					1
Fair value adjustment of warrants					$ 10,000			$ 3,400,000		$ 10,300	$ 3,400,000
Redbox Public (CSSEL)
Warrants Classified as Liabilities, Aggregate Exercise Price | $ / shares					$ 132.18					$ 132.18
Warrant redemption price per share | $ / shares					$ 0.01					$ 0.01
Warrant redemption term										30 days
Number of securities called by each warrants or rights | shares					1					1
Class A Common Stock
Common stock, shares authorized | shares			140,000,000		140,000,000				140,000,000	140,000,000		140,000,000
Proceeds from issuance of common stock										$ 18,726,244	$ 3,533,563
Class A Common Stock | At the Market Offering
Shares issued | shares										3,375,897	332,734
Proceeds from sale of stock										$ 5,820,404	$ 3,339,883
Class A Common Stock | Lincoln Park
Shares issued | shares										500,000
Proceeds from issuance of common stock										$ 1,470,000
Class A Common Stock | Public Offering
Shares issued | shares	4,688,015
Common stock at a price | $ / shares	$ 2.30
Proceeds from issuance of common stock	$ 10,400,000
Class A Common Stock | CSS | Management and license fees
Shares issued | shares										1,853,537
Issuance of common stock, net										$ 5,653,100
Class A Common Stock | Redbox Public (CSSEL)
Common stock at a price | $ / shares					$ 206.90					$ 206.90
Number of trading days | D					20					20
Number of trading days prior to notice of redemption | D					30					30
Class B Common Stock
Common stock, shares authorized | shares			20,000,000		20,000,000				20,000,000	20,000,000		20,000,000
Preferred Stock
Preferred stock, shares authorized | shares			40,000,000						40,000,000
Series A Preferred Stock
Preferred stock, shares authorized | shares			10,000,000		10,000,000				10,000,000	10,000,000		10,000,000
Series A Preferred Stock | At the Market Offering
Shares issued | shares										1,179,704	295,173
Proceeds from sale of stock										$ 18,563,758	$ 7,116,965

Stockholders' Equity - Warrants

Stockholders' Equity - Warrants (Details)	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Outstanding	6,027,719
Class of Warrants or Rights Expired	(526,362)
Class of Warrant or Right, Outstanding	5,501,357
Weighted Average Exercise Price | $ / shares	$ 32.75
Class of Warrant or Right, Weighted Average Remaining Contact Term	1 year 2 months 26 days
Class W
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Outstanding	526,362
Class of Warrants or Rights Expired	(526,362)
Class Z
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Outstanding	123,109
Class of Warrant or Right, Outstanding	123,109
Weighted Average Exercise Price | $ / shares	$ 12
Class of Warrant or Right, Weighted Average Remaining Contact Term	9 months
CSSE Class I
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Outstanding	800,000
Class of Warrant or Right, Outstanding	800,000
Weighted Average Exercise Price | $ / shares	$ 8.13
Class of Warrant or Right, Weighted Average Remaining Contact Term	7 months 13 days
CSSE Class II
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Outstanding	1,200,000
Class of Warrant or Right, Outstanding	1,200,000
Weighted Average Exercise Price | $ / shares	$ 9.67
Class of Warrant or Right, Weighted Average Remaining Contact Term	7 months 13 days
CSSE Class III A
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Outstanding	380,000
Class of Warrant or Right, Outstanding	380,000
Weighted Average Exercise Price | $ / shares	$ 11.61
Class of Warrant or Right, Weighted Average Remaining Contact Term	7 months 13 days
CSSE Class III B
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Outstanding	1,620,000
Class of Warrant or Right, Outstanding	1,620,000
Weighted Average Exercise Price | $ / shares	$ 11.61
Class of Warrant or Right, Weighted Average Remaining Contact Term	7 months 13 days
Redbox Public (CSSEL)
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Outstanding	1,039,183
Class of Warrant or Right, Outstanding	1,039,183
Weighted Average Exercise Price | $ / shares	$ 132.18
Class of Warrant or Right, Weighted Average Remaining Contact Term	3 years 25 days
Redbox Private
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Outstanding	339,065
Class of Warrant or Right, Outstanding	339,065
Weighted Average Exercise Price | $ / shares	$ 132.18
Class of Warrant or Right, Weighted Average Remaining Contact Term	3 years 25 days
Public Warrant
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Outstanding	11,944,627
Private Warrant
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Outstanding	3,897,303

Segment Reporting and Geograp_2

Segment Reporting and Geographic Information (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023 item	Sep. 30, 2023	Sep. 30, 2023 segment	Sep. 30, 2022
Number of reportable segments			1		1
Sales Revenue, Net [Member] | UNITED STATES | Customer Concentration Risk
Concentration risk percentage	99%	98%		80%		91%