Chicken Soup for the Soul Entertainment (CSSEQ) 10-K 19 Apr 24 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Apr. 12, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 24.1
Auditor Firm ID	5905
Auditor Name	Rosenfield and Company, PLLC
Auditor Location	New York, New York
Entity Central Index Key	0001679063
Document Fiscal Period Focus	FY
Amendment Flag	false
Class A Common Stock and Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		32,388,203
Class A Common Stock
Document Information [Line Items]
Title of 12(b) Security	Class A common stock
Trading Symbol	CSSE
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		24,733,697
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
Trading Symbol	CSSEL
Security Exchange Name	NASDAQ
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, $0.0001 par value per share
Trading Symbol	CSSEP
Security Exchange Name	NASDAQ
9.50% Notes Due 2025
Document Information [Line Items]
Title of 12(b) Security	9.50% Notes Due 2025
Trading Symbol	CSSEN
Security Exchange Name	NASDAQ
Class Z Warrants
Document Information [Line Items]
Title of 12(g) Security	Class Z Warrants
Trading Symbol	CSSEZ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash, cash equivalents and restricted cash of $3,292,737 and $3,706,153 respectively	$ 3,316,652	$ 18,738,395
Accounts receivable, net of allowance for doubtful accounts of $7,986,617 and $1,277,597, respectively	142,088,225	113,963,425
Prepaid expenses and other current assets	10,390,282	13,196,180
Operating lease right-of-use assets	10,721,375	16,315,342
Content assets, net	71,614,094	126,090,508
Intangible assets, net	35,937,646	305,425,709
Goodwill	120,494,059	260,748,057
Other assets, net	27,738,292	29,401,793
Total assets	422,300,625	883,879,409
LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY
Accounts payable	91,809,542	50,960,682
Accrued expenses	78,779,505	87,817,015
Programming obligations	67,573,966	55,883,788
Film library acquisition obligations	45,961,877	39,750,121
Accrued participation costs	48,276,487	28,695,713
Debt, net	546,205,200	479,653,611
Contingent consideration	5,245,384	7,311,949
Put option obligation	3,693,337	11,400,000
Operating lease liabilities	13,570,976	18,079,469
Total liabilities	925,862,510	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; 6,897,048 and 4,496,345 shares issued and outstanding, respectively; redemption value of $172,426,200 and $112,408,625, respectively	689	450
Additional paid-in capital	409,150,852	355,185,280
Accumulated deficit	(884,303,830)	(247,752,446)
Accumulated other comprehensive income	(91,657)	47,528
Class A common stock held in treasury, at cost (2,433,042 shares, respectively)	(28,165,913)	(28,165,913)
Total stockholders' (deficit) equity	(503,406,388)	79,317,224
Noncontrolling interests	(155,497)	430,715
Total (deficit) equity	(503,561,885)	79,747,939
Total liabilities and equity	422,300,625	883,879,409
Affiliated Entity
LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY
Other liabilities	5,537,842	3,778,936
Nonrelated Party
LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY
Other liabilities	19,208,394	20,800,186
Class A Common Stock
Stockholders' (Deficit) Equity:
Common stock value	2,705	1,559
Class B Common Stock
Stockholders' (Deficit) Equity:
Common stock value	$ 766	$ 766

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Restricted cash	$ 3,292,737	$ 3,706,153
Allowance for doubtful accounts	$ 7,986,617	$ 1,277,597
Treasury Stock, Common, Shares	2,433,042
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	6,897,048	4,496,345
Preferred Stock, Shares Outstanding	6,897,048	4,496,345
Preferred Stock, Redemption Amount	$ 172,426,200	$ 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	27,166,739	15,621,562
Common Stock, Shares, Outstanding	24,733,697	13,198,720
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

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Consolidated Statements of Operations
Net revenues	$ 294,406,894	$ 252,810,110
Costs and expenses
Operating	305,559,802	215,820,880
Selling, general and administrative	108,218,745	93,537,386
Amortization and depreciation	37,800,035	20,716,325
Impairment of intangible assets and goodwill	380,809,786	3,500,000
Management and license fees	18,419,974	18,400,648
Merger, transaction, and other costs		17,503,791
Total costs and expenses	850,808,342	369,479,030
Operating loss	(556,401,448)	(116,668,920)
Interest expense	76,111,297	27,840,340
Other non-operating income, net	(3,841,527)	(5,259,102)
Loss before income taxes and preferred dividends	(628,671,218)	(139,250,158)
Income tax benefit	(5,703,272)	(37,301,242)
Net loss before noncontrolling interests and preferred dividends	(622,967,946)	(101,948,916)
Net loss attributable to noncontrolling interests	(452,310)	(404,664)
Net loss attributable to Chicken Soup for the Soul Entertainment, Inc.	(622,515,636)	(101,544,252)
Less: preferred dividends	14,035,748	9,745,950
Net loss available to common stockholders	$ (636,551,384)	$ (111,290,202)
Net loss per common share:
Basic (in dollars per share)	$ (22.36)	$ (6.45)
Diluted (in dollars per share)	$ (22.36)	$ (6.45)
Weighted-average common shares outstanding:
Basic	28,467,334	17,261,460
Diluted	28,467,334	17,261,460

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Consolidated Statements of Comprehensive Loss
Net loss	$ (622,967,946)	$ (101,948,916)
Other comprehensive income (loss):
Foreign currency translation adjustments	(273,087)	86,365
Comprehensive loss attributable to noncontrolling interests	133,902	(39,408)
Comprehensive loss	$ (623,107,131)	$ (101,901,959)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' 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 Lincoln Park	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	Accumulated Deficit	Treasury Stock	Accumulated Other Comprehensive Income	Noncontrolling Interests Locomotive Global Inc.	Noncontrolling Interests	Locomotive Global Inc.	1091 Media, LLC	Redbox Entertainment Inc.	Lincoln Park	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												3,382,529										3,382,529
Share based compensation - common stock												255,000										255,000
Share based compensation - Redbox												2,232,182										2,232,182
Issuance of common stock, net				$ 45								3,630,422										3,630,467
Issuance of common stock, net (in shares)				456,573
Issuance of preferred stock, net								$ 72				17,079,943										17,080,015
Issuance of preferred stock, net (in shares)								718,027
Stock options exercised				$ 4								301,696										301,700
Stock options exercised (in shares)				40,000
Warrant exercise - HPS				$ 98								(98)
Warrant exercise - HPS (in shares)				1,011,530
Warrant Issued - HPS												14,920,068										14,920,068
Stock issued under ESPP				$ 2								200,589										200,591
Stock issued under ESPP (in shares)				27,934
Locomotive business combination / 1091 business combination / Redbox business combination	$ 37	$ 466					$ 8		$ 5,283,705	$ 68,482,415						$ 144,118		$ 144,118	$ 5,283,750	$ 68,482,881
Locomotive business combination / 1091 business combination / Redbox business combination (in shares)	375,000	4,662,195					80,000
Acquisition of subsidiary noncontrolling interest				$ 8
Acquisition of subsidiary noncontrolling interest												(2,200,000)										(2,199,992)
Acquisition of subsidiary noncontrolling interest (in shares)				84,000
Purchase of treasury stock														(13,956,022)								(13,956,022)
Dividends on preferred stock													(9,745,950)									(9,745,950)
RSU vesting, net of shares withheld for payroll taxes												1,007,484		(1,007,484)
Net loss attributable to noncontrolling interests																	(404,664)					(318,299)
Other comprehensive loss, net															86,365							(39,408)
Comprehensive loss attributable to noncontrolling interests															(39,408)		39,408					39,408
Net Income (Loss)													(101,544,252)									(101,544,252)
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												1,813,348										1,813,348
Share based compensation - common stock												297,500										297,500
Issuance of common stock, net			$ 50	$ 880							$ 1,469,950	17,186,814									$ 1,470,000	17,187,694
Issuance of common stock, net (in shares)			500,000	8,899,581	500,000
Issuance of preferred stock, net								$ 239				26,750,555										26,750,794
Issuance of preferred stock, net (in shares)								2,400,703
Stock issued under ESPP				$ 14								268,532										268,546
Stock issued under ESPP (in shares)				119,669
Stock issued for management fees				$ 202								6,178,873										6,179,075
Stock issued for management fees (in shares)				2,025,927
Dividends on preferred stock													(14,035,748)									(14,035,748)
Net loss attributable to noncontrolling interests																	(452,310)					(452,310)
Other comprehensive loss, net															(273,087)							(273,087)
Comprehensive loss attributable to noncontrolling interests															133,902		(133,902)					(133,902)
Net Income (Loss)													(622,515,636)									(622,515,636)
Balance at Dec. 31, 2023				$ 2,705		$ 766		$ 689				$ 409,150,852	$ (884,303,830)	$ (28,165,913)	$ (91,657)		$ (155,497)					$ (503,561,885)
Balance (in shares) at Dec. 31, 2023				27,166,739		7,654,506		6,897,048

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from Operating Activities:
Net loss	$ (622,967,946)	$ (101,948,916)
Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation	2,110,848	5,869,711
Content asset impairment and amortization	96,485,866	74,523,774
Amortization of deferred financing and debt discount costs	4,339,932	1,057,175
Amortization and depreciation of intangibles, property and equipment	37,800,035	23,565,986
Bad debt and video return expense	8,301,800	3,316,112
Impairment of intangible assets and goodwill	380,809,786	3,500,000
Loss on debt extinguishment		485,541
Deferred income taxes	(5,948,090)	(35,092,120)
Non-cash settlement of management and licensing fees	6,179,075
Interest expense added to debt	59,277,142
Changes in operating assets and liabilities:
Trade accounts receivable	(36,374,993)	(34,663,305)
Prepaid expenses and other assets	8,293,034	(14,091,077)
Content assets	(35,836,142)	(92,632,179)
Accounts payable, accrued expenses and other payables	35,317,575	18,049,218
Film library acquisition and programming obligations	22,159,328	69,318,793
Accrued participation costs	19,580,774	21,070,077
Other liabilities	(2,834,591)	(5,265,790)
Net cash used in operating activities	(23,306,567)	(62,937,000)
Cash flows from Investing Activities:
Expenditures for property and equipment	(6,660,318)	(5,811,993)
Business combination, net of cash acquired		6,249,074
Net cash (used in) provided by investing activities	(6,660,318)	437,081
Cash flows from Financing Activities:
Repurchase of common stock		(13,956,022)
Payment of contingent consideration	(2,066,565)	(7,150,000)
Payment of put option obligation	(7,706,663)
Acquisition of noncontrolling interests		(749,992)
Payments on capital leases	(1,287,332)	(879,384)
Proceeds from 9.50% notes due 2025, net		11,094,946
Payments for film acquisition advances	(10,364,515)	(31,329,102)
Proceeds from other debt and advances	5,840,124	2,562,911
Payments on other debt and advances	(3,157,728)	(1,479,558)
Proceeds from issuance of preferred stock	26,750,794	17,080,015
Proceeds from revolving loan		55,313,051
Proceeds from film acquisition advances		8,521,115
Proceeds from exercise of stock options and warrants		502,291
Increase in due to affiliated companies	1,758,906	3,288,977
Dividends paid to preferred stockholders	(13,548,165)	(9,583,871)
Net cash provided by financing activities	14,818,229	36,865,844
Effect of foreign exchanges on cash, cash equivalents and restricted cash	(273,087)	86,365
Net decrease in cash, cash equivalents and restricted cash	(15,421,743)	(25,547,710)
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	3,316,652	18,738,395
Supplemental data:
Cash paid for interest	6,455,969	5,375,480
Non-cash investing activities:
Property and equipment in accounts payable and accrued expenses	571,768	676,187
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		14,920,068
Non-cash settlement of management and licensing fees	6,179,075
Non-cash film acquisition advance	11,025,372	$ 18,339,885
PIK interest added to HPS debt	59,277,142
Class A Common Stock
Cash flows from Financing Activities:
Proceeds from issuance of Class A common stock	$ 18,599,373	$ 3,630,467
Class A Common Stock | 1091 Media, LLC
Non-cash financing activities:
Preferred stock issued for Crackle Plus acquisition		3,303,750
Preferred Stock | 1091 Media, LLC
Non-cash financing activities:
Preferred stock issued for Crackle Plus acquisition		1,980,000

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical)	Dec. 31, 2023	Dec. 31, 2022	Apr. 20, 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%	9.50%

Description of the Business

Description of the Business	12 Months Ended
	Dec. 31, 2023
Description of the Business
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 nearly 170 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. 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 Discs TM 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. During the year ended December 31, 2023, the Company generated negative cash flows from operations of $(23.3) million, a net loss available to common stockholders of $(636.6) million and has an accumulated deficit of $(884.3) million. 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. ​ 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 and operate our combined business operations 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, cost synergies between the companies, and the ability to consummate certain accounts receivable financing. The corresponding rebound in demand for physical kiosk rentals was expected to return to approximately a third ​ Several factors negatively affected the planned integration of Redbox’s operations into our company, including a) longer than anticipated period of unavailability of sufficient new titles as a result of the on-going impacts of COVID and industries strikes, b) undisclosed preacquisition issues within Redbox, and c) disputes that arose with our lender as described in our Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2023. ​ As the flow of theatrical releases began to increase following Covid, we believe that our inability to secure accounts receivable financing for the reasons describe in our most recent 10-Q hampered our 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 this working capital shortfall, the Company factored its short-dated receivables but was unable to factor its long-term receivables, which prevented us from making up the short-fall. 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 ongoing 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. As a result of the Company’s diminished capital position, 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 and certain of its lenders. These financing partners have the ability to evict us from facilities, repossess vehicles or call their debt, but none have done so to date. ​ While we believe that, if we are able to consummate the series of strategic financing transactions that we believe are available to us in the near term (as more generally described in Note 19 “ Proposed Mutual Forbearance Agreement & Strategic Initiatives ​ On March 25, 2024, the Company received a staff determination from The Nasdaq Stock Market (“Nasdaq”) to delist the Company’s securities from the Nasdaq Capital Market (the “Staff Determination”). As disclosed previously, the Company received three separate notices from Nasdaq advising the Company that it is not in compliance with certain Nasdaq listing requirements. The notices include the failure of our Class A common stock to trade at or above the Nasdaq required minimum $1 threshold for 30 consecutive days, maintain a public float above $5 million on its Class A common stock (CSSE) and maintain equity of $10 million. The Company appealed the Staff Determination on April 1, 2024 and expects the hearing to occur within 45 days after the date of its hearing request. The hearing request will stay the delisting of the Company’s securities pending the appeal and the Company’s securities will continue to be listed on the Nasdaq Capital Market until a decision is made. In the meantime, the Company is considering various strategic options to remedy its noncompliance with Nasdaq Listing Rules described above. 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. ​ As described in this Annual Report on Form 10-K, we are cautiously optimistic that (1) we will enter into a mutual forbearance agreement with respect to the mutual claims between our Company and our lender, (2) that these mutual claims will be resolved satisfactorily and (3) such resolution, if resolved, may improve our Company’s capital position, including through a possible reduction in our indebtedness. See Note 19 Subsequent Events section “ Proposed Mutual Forbearance Agreement & Strategic Initiatives ​

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company and its wholly and majority owned subsidiaries in which a controlling financial interest is maintained and variable interest entities (“VIEs”), where the Company is considered the primary beneficiary, after the elimination of intercompany transactions. The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (‘‘GAAP’’). Reclassifications Certain amounts reported for prior years have been reclassified to conform to the current year’s presentation. The reclassifications have no effect on the reported net loss. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. The Company’s significant estimates include those related to revenue recognition, ultimate revenues, future cash flows of long-lived asset groups and the fair value of indefinite lived intangibles and goodwill. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents include highly liquid investments with original maturities of three months or less and consist primarily of money market funds. Such investments are stated at cost, which approximates fair value. For the years ended December 31, 2023 and 2022, restricted cash was $3.3 million and $3.7 million, respectively. Restricted cash represents funds held-on-deposit with third party financial institutions, which are insured in excess of the restricted balance. Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation. 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 is recognized using the straight-line method over the following approximate useful lives: ​ ​ ​ ​ ​ ​ ​ Useful Life Redbox kiosks and components ​ ​ 3 - 5 years ​ Computers and software ​ ​ 2 - 3 years ​ Leasehold improvements (shorter of life of asset or remaining lease term) ​ ​ 3 - 6 years ​ Office furniture and equipment ​ ​ 5 - 7 years ​ Vehicles ​ ​ 3 - 4 years ​ ​ The value of the Company’s property and equipment as of December 31, 2023 is included in Other assets, net on the Consolidated Balance Sheets and is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2023 ​ ​ 2022 Redbox kiosks and components ​ $ 14,926,015 ​ ​ $ 13,707,512 Computers and software ​ 18,535,824 ​ ​ 13,857,011 Leasehold improvements (shorter of life of asset or remaining lease term) ​ 5,127,377 ​ ​ 5,119,077 Office furniture and equipment ​ 1,306,881 ​ ​ 1,287,104 Vehicles ​ 3,794,296 ​ ​ 2,747,604 Property and equipment, at cost ​ ​ 43,690,393 ​ ​ ​ 36,718,308 Less: accumulated depreciation and amortization ​ ​ (19,980,292) ​ ​ ​ (11,570,457) Property and equipment, net ​ $ 23,710,101 ​ ​ $ 25,147,851 ​ During the years ended December 31, 2023 and 2022, the Company recorded depreciation and amortization expense of $10.7 million and $9.5 million, 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, Stockholder’s Equity, 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 kiosk occupies to its original condition upon removal of a 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 ARO liabilities are included in Other liabilities on the Consolidated Balance Sheets, and were $14.3 million and $13.7 million as of December 31, 2023 and 2022, respectively. Fair Value Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measurements, a three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies, is as follows: Level 1—Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2—Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3—Valuations based on unobservable inputs reflecting the Company’s own assumptions. These valuations require significant judgment and estimates. At December 31, 2023 and 2022, the fair value of the Company’s financial instruments including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses, approximated their carrying value due primarily to the relative short-term nature of these instruments. Certain liabilities, including Contingent consideration are measured at fair value on a recurring basis. Other assets and liabilities, including television and film content costs, goodwill, intangible assets are adjusted to fair value after initial recognition, only if an impairment charge is recognized. Impairment charges, if applicable, are generally determined using a discounted cash flow (DCF), which is a Level 3 valuation technique. Foreign Currency Translation Assets and liabilities of the Company’s foreign subsidiaries with a functional currency other than the U.S. Dollar are translated into U.S. Dollars using applicable exchange rates at the balance sheet date. Revenue and expenses are translated at average exchange rates effective during the year. The resulting foreign currency translation gains and losses are included as a component of accumulated other comprehensive gain within Stockholders’ Equity on the Company’s Consolidated Balance Sheets. Assets and liabilities of the Company’s foreign subsidiaries for which the functional currency is not the U.S. Dollar are re-measured into U.S. Dollars using applicable exchange rates at the balance sheet date, except nonmonetary assets and liabilities, which are re-measured at the historical exchange rates prevailing when acquired. Revenue and expenses are re-measured at average exchange rates effective during the year. Foreign currency translation gains and losses from re-measurement are included in Other non-operating (income) expense in the accompanying Consolidated Statements of Operations. The amounts of net gain (loss) on foreign currency re-measurement recognized were immaterial for all periods presented. Business Combinations The Company accounts for acquisitions of businesses using the acquisition method of accounting. The purchase price is allocated to the identifiable net assets acquired, including intangible assets, liabilities assumed and contingent liabilities acquired, as well as amounts attributed to noncontrolling interests, are recorded at fair value. The excess of the purchase price over the amount allocated to the identifiable assets and liabilities, if any, is recorded as goodwill. Any transaction costs are expensed as incurred. Determining the fair value of assets acquired and liabilities assumed requires significant judgment, including the selection of valuation methodologies, estimates of future revenue and cash flows and discount rates. See Note 4, Business Combinations, for additional information. Accounts Receivable Accounts receivable are stated at the amounts management expects to collect and are stated net of allowance for uncollectible accounts and video returns. An allowance for doubtful accounts is recorded based on a combination of historical experience, expected economic conditions and industry trends. For the years ended December 31, 2023 and 2022, the provision for doubtful accounts charged to operating expense was $7.0 million and $0.4 million, respectively. See Notes 18 and 19 for additional information regarding customer concentration of credit risk. Sales of Receivables During the 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 year ended December 31, 2023, the Company sold $47.3 million of receivables, received $40.2 million of cash and incurred discount fees of approximately $2.0 million. The amount receivable from our factoring partners on December 31, 2023 is approximately $1.6 million and our collection support efforts have been de minimis, therefore, no servicing asset or liability is provided for . Content Assets The Company produces original productions and acquires rights to films and television programming to exhibit on the Company’s AVOD Networks and to distribute to third parties, including sub-distributors. The Company also develops and produces programming for third parties. Original Productions Content assets related to original productions include the unamortized costs of completed, in-process, or in-development long-form and short-form video content produced by the Company. For video content, the Company’s capitalized costs include all direct production and financing costs, capitalized interest when applicable, and production overhead. The costs of producing video content are amortized using the individual-film-forecast method. These costs are amortized in the proportion that current period’s revenue bears to management’s estimate of ultimate revenue expected to be recognized from each production. For an episodic television series, the period over which ultimate revenue is estimated cannot exceed ten years following the date of delivery of the first episode, or, if still in production, five years from the date of delivery of the most recent episode, if later. Film Library The film library includes the cost of acquiring individual title distribution rights or an acquired film library. Films are amortized using the individual-film-forecast-computation method. The film library is stated at the lower of unamortized cost or fair value. Amortization is based upon management’s best estimate of total future, or ultimate revenue. Amortization is adjusted when necessary to reflect increases or decreases in forecasted ultimate revenues. Ultimate revenues for individual films is no longer than 10 years and for an acquired film library, no longer than 20 years. Monetization & Recoverability of Content Content assets (licensed and produced) are predominantly monetized individually and therefore are reviewed at the individual level when an event or change in circumstance indicates a change in the expected usefulness of the content or the fair value may be less than the unamortized cost. The determination of the predominant monetization strategy is made at commencement of the production or license period and the classification of the monetization strategy as individual or group only changes if there is a significant change to the title’s monetization strategy relative to its initial assessment. Original productions, films and acquired film libraries are stated at the lower of amortized cost or estimated fair value. The valuation of content is reviewed at the individual title level or acquired library level, when an event or change in circumstances indicates that the fair value may be less than its unamortized cost and the valuation is based on a DCF methodology with assumptions for cash flows. Key inputs employed in the DCF methodology include estimates of a film ultimate revenue and costs as well as a discount rate. The discount rate utilized in the DCF is based on the required return for an equity investor in a small film distribution company plus a risk premium associated the risk associated with acquiring an individual film. An impairment charge is recorded in the amount by which the unamortized costs exceed the estimated fair value. Estimates of future revenue involve measurement uncertainties and it is therefore possible that reductions in the carrying value of film library costs may be required because of changes in management’s future revenue estimates. See Note 8, Content Assets, for additional information. Licensed Program Rights and Obligations Programming rights acquired under license agreements are recorded as an asset and a corresponding liability upon commencement of the license period. The programming rights are amortized over the license period based on the expected monetization of each show, straight-line, or a ratable basis. Programming obligations represent the gross commitment amounts to be paid to program suppliers over the life of the contracts and includes revenue shares owed on content monetization across our direct to consumer physical and VOD platforms. License fees payable to suppliers based on a percentage of advertising revenue generated are reflected in Accounts payable. Impairment of Long-Lived Assets The Company reviews its long-lived assets, other than goodwill and intangible assets with indefinite lives, for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset grouping may not be recoverable. If the sum of the expected future cash flows, undiscounted and without interest, is less than the carrying amount of the asset, an impairment loss is recognized as the amount by which the carrying amount of the asset exceeds its fair value. The expected cash flows are based on assumptions regarding the Company’s future business outlook and where appropriate, include a residual value based on a revenue market multiple. While the Company continues to review and analyze many factors that can impact its business prospects in the future, its analyses are subjective and are based on conditions existing at and trends leading up to the time the assumptions are made. Actual results could differ from these assumptions. See Note 9, Intangible Assets and Goodwill, for additional information. Goodwill and Intangible Assets Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination which are not individually identified and is allocated to the Company’s reporting units. The Company does not amortize goodwill. Intangible assets with finite lives, which primarily consist of acquired customer bases, non-compete agreements, content rights, brand value, contractual and partner agreements are generally amortized on a straight-line basis over their estimated lives, which range from 3 to 15 years. Amortization expense is included in Amortization and depreciation in the Consolidated Statements of Operations. Goodwill and other intangible assets with indefinite lives are tested for impairment on an annual basis and between annual tests if events occur or circumstances change that would more likely than not reduce the fair value its carrying amount. If the carrying value of goodwill or an indefinite-lived intangible asset exceeds fair value, an impairment charge is recognized. The fair value of the Company’s reporting units or indefinite lived intangible assets are based on assumptions regarding its future business outlook. The Company continues to review and analyze many factors that can impact its business prospects in the future, its analyses are subjective and are based on conditions existing at and trends leading up to the time the assumptions are made. Actual results could differ from these assumptions. See Note 9, Intangible Assets and Goodwill, for additional information. Income Taxes The Company records income taxes under the asset and liability method in accordance with FASB ASC Section 740. Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred taxes are also recognized for operating losses that are available to offset future taxable income. A valuation allowance is established, when necessary, to reduce net deferred tax assets to the amount expected to be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be realized or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. The Company accounts for uncertain tax positions in accordance with the authoritative guidance issued by the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740: Income Taxes by the taxing authority, based on the technical merits of the position or expiration of statutes. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. In addition, the authoritative guidance addresses de-recognition, classification, interest and penalties on income taxes, accounting in interim periods, and also requires increased disclosures. The Company includes interest and penalties related to its uncertain tax positions as part of income tax expense within its Consolidated Statements of Operations. At December 31, 2023 and 2022, the liabilities related to total unrecognized tax benefits were $0.0 million and $0.1 million, respectively. See Note 13, Income Taxes, for additional information. 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 decrement 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 December 31, 2023 and 2022 respectively, $4.3 million and $7.3 million was 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 December 31, 2023 and 2022 respectively, $2.1 million and $2.3 million of revenue was deferred related to Perks and is included in Accrued expenses in the accompanying Consolidated Balance Sheets. Film Library Acquisition Obligations Film library acquisition obligations represent amounts due in connection with acquiring film distribution rights that have been delivered. Pursuant to the film distribution rights agreements, the Company’s right to distribute films may revert to the licensor if the Company is unable to satisfy its financial obligations with respect to the acquisition of the related distribution rights. See Note 15, Commitments and Contingencies, for additional information. Accrued Participation Costs Parties involved in the production of a title may be compensated in part by contingent payments based on the financial results of a title pursuant to contractual formulas (participations) and by contingent amounts due under provisions of collective bargaining agreements (residuals). Such costs are collectively referred to as participation costs. Participations may be given to creative talent, such as actors or writers, or to entities from whom distribution rights are licensed. Such amounts are estimated based on film ultimate revenues or airings. Related Party Transactions – Due To/Due From Affiliated Companies The Company follows subtopic 850-10 of the FASB ASC for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 the related parties include subsidiaries and affiliates of the Company and Chicken Soup for the Soul Holdings, LLC (“CSS”), the Company’s parent company. The financial statements and accompanying notes include disclosures of material related party agreements and transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. See Note 14, Related Party Transactions, for additional information. Revenue Recognition Revenue from contracts with customers is recognized as contractual performance obligations are satisfied; generally, this occurs at the point in time when the customer has the ability to direct the use and obtain substantially all the benefits of that good or service. The Company’s contractual performance obligations include the licensing or sale of content, production services, or delivery of online advertisements. Revenue is measured at contract inception as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services to customers. The Company also generates revenue through its Redbox Service business by providing installation, merchandising and break-fix services to other kiosk operators. The performance obligations are normally satisfied at the time the service is provided. Revenue from 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. Revenue from a direct sale out of the kiosk of previously rented movies is recognized at the time of sale. Revenue from On Demand rentals or purchases is also recognized at the time of sale. See Note 5, Revenue Recognition, for additional information. Share-Based Compensation The Company’s policy is to issue new shares for purchases under its Long-term Incentive Plan. Share-based compensation expense is estimated at the grant date based on a stock option’s fair value. The determination of the share-based compensation expense related to stock options is calculated using a Black-Scholes-Merton option pricing model and is affected by the Company’s stock price, expected stock price volatility over the term of the awards, expected term, risk free interest rate and expected dividends. The Company records forfeitures as they occur. See Note 6, Share-Based Compensation, for additional information. Employee Benefits CSSE employees participate in a 401(k) plan administered by CSS. The Company’s contributions to the plan were $1.5 million and $0.6 million in 2023 and 2022. Redbox had historically sponsored a 401(k) plan for all of its eligible employees that was merged into CSSE’s plan as of January 1, 2023. The plan includes optional employee contributions as a percentage of eligible earnings, subject to Internal Revenue Service limitations. The Company matches up to 100% on the first 3% of participating employees’ contributions and 50% on each of the next 2% (up to a maximum of 4% when the participant contributes at least 5%). Matching contributions to the 401(k) plan are expensed as incurred. Advertising Costs Advertising costs are expensed as incurred and included in Selling, general and administrative expenses on the Consolidated Statements of Operations. Advertising expense was $9.1 million and $8.2 million for the years ended December 31, 2023 and 2022, respectively. Treasury Stock Treasury stock is accounted for using the cost method. Earnings (Loss) Per Share Basic earnings (loss) per share is computed based on the weighted average number of shares of all classes of common stock outstanding during the period. Diluted earnings (loss) per share is computed based on the weighted average number of common shares outstanding during the period increased, when applicable, by dilutive common stock equivalents, comprised of Class Z warrants, Class I warrants, Class II warrants, Class III-A warrants, Class III-B warrants, Redbox’s public and private warrants and stock options outstanding. When the Company has a net loss, dilutive common stock equivalents are not included as they would be anti-dilutive. In computing the effect of dilutive common stock equivalents, the Company uses the treasury stock method to calculate the related incremental shares. See Note 7, Earnings Per Share, for additional information.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2023
Recent Accounting Pronouncements
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 a direct material impact on our financial statements. Recently Issued Accounting Pronouncements Not Yet Adopted 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. The Company does not expect the adoption to have a material impact on our consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment reporting, which requires disclosure of incremental segment information on an annual and interim basis. The standard is effective for years beginning after December 15, 2023, and interim periods beginning after December 15, 2024, and early adoption is permitted. The Company does not expect the adoption to have a material impact on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Improvements to income tax disclosures, which requires disclosure of disaggregated income taxes paid by jurisdiction, enhances disclosures in the effective tax rate reconciliation and modifies other income tax-related disclosures. The amendments are effective for annual periods beginning after December 15, 2024. The Company is currently evaluating the effect of adopting this guidance on its 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 consolidated financial statements.

Business Combination

Business Combination	12 Months Ended
	Dec. 31, 2023
Business Combination
Business Combination	Note 4 – Business Combination 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, Debt, and Note 16, Stockholder’s Equity, 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, transaction, and other costs on the Consolidated Statement of Operations 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts recognized as of acquisition date (as previously reported) ​ ​ Measurement period adjustments ​ Purchase price allocation Assets acquired: ​ ​ ​ ​ ​ ​ ​ ​ Cash, cash equivalents and restricted cash ​ $ 12,921,550 ​ $ — $ 12,921,550 Accounts receivable ​ ​ 17,704,843 ​ ​ 51,607 ​ 17,756,450 Content library ​ ​ 21,241,822 ​ ​ (594,668) ​ 20,647,154 Prepaid expenses and other assets ​ ​ 16,783,468 ​ ​ (343,566) ​ 16,439,902 Property and equipment ​ 15,504,940 ​ — 15,504,940 Right-of-use assets ​ ​ 7,183,735 ​ ​ — ​ 7,183,735 Intangible assets (1) ​ ​ 291,200,000 ​ ​ — ​ 291,200,000 Goodwill ​ 215,284,816 ​ (3,352,082) 211,932,734 Total assets acquired ​ ​ 597,825,174 ​ ​ (4,238,709) ​ 593,586,465 ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities assumed: ​ ​ ​ ​ ​ ​ ​ ​ Debt ​ ​ 359,854,921 ​ ​ — ​ 359,854,921 Accounts payable and accrued expenses ​ ​ 91,644,772 ​ ​ (4,238,709) ​ 87,406,063 Operating lease liabilities ​ ​ 7,183,736 ​ ​ — ​ 7,183,736 Financing lease liabilities ​ ​ 2,241,304 ​ ​ — ​ 2,241,304 Other liabilities ​ ​ 66,895,293 ​ ​ — ​ 66,895,293 Total liabilities assumed ​ ​ 527,820,026 ​ ​ (4,238,709) ​ 523,581,317 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net assets acquired ​ $ 70,005,148 ​ $ — $ 70,005,148 (1) The weighted-average useful life of intangible assets acquired is approximately 14 years . The purchase price allocations for this transaction were formalized during the fiscal year ended December 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 require several 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 rate. 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 $7.9 million is deductible for income tax purposes. 1091 Pictures Acquisitions 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 purchase price allocation is preliminary and subject to change up to one year after the date of acquisition and could result in changes to the amounts recorded below. The preliminary 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 purchase price allocations for this transaction were formalized during the fiscal year ended December 2023 and there were no material changes to the amounts previously reported at acquisition. 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 to 36 months. Financial Impact of Acquisitions The following tables illustrate the stand-alone financial performance attributable to the acquisitions included in the Company’s consolidated statement of operations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023 ​ ​ ​ Redbox ​ ​ 1091 ​ ​ Total Net revenue ​ $ 151,046,990 ​ $ 25,662,405 ​ $ 176,709,395 Net income (loss) ​ $ (454,028,894) ​ $ 4,275,804 ​ $ (449,753,090) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 ​ ​ ​ Redbox ​ ​ 1091 ​ ​ Total Net revenue ​ $ 86,322,726 ​ $ 40,992,549 ​ $ 127,315,275 Net income (loss) ​ $ (35,870,971) ​ $ 24,034,837 ​ $ (11,836,134) ​ 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. ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ December 31, 2022 Net revenue ​ $ 409,200,000 ​ Net loss ​ $ (287,625,000) ​ ​ Pro forma net losses for the year ended December 31, 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 respective periods.

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2023
Revenue Recognition
Revenue Recognition	Note 5 – Revenue Recognition The following tables disaggregate the Company’s revenue by source: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ % of ​ ​ ​ ​ % of ​ ​ 2023 revenue 2022 revenue ​ Revenue: ​ ​ ​ VOD and streaming ​ $ 104,004,498 36 % $ 144,484,749 57 % Retail ​ ​ 112,795,918 ​ 38 % ​ 67,756,426 ​ 27 % Licensing and other ​ 77,606,478 26 % 40,568,935 16 % Net revenue ​ $ 294,406,894 100 % $ 252,810,110 100 % ​ VOD and streaming VOD and streaming revenue included in this revenue source is generated as the Company exhibits content through the Crackle Plus and Redbox streaming services including AVOD, FAST, TVOD platforms available via connected TV’s, smartphones, tablets, gaming consoles and the web through the Company’s owned and operated platforms, as well as third-party platforms. The Company generates streaming revenues for its networks in three primary ways, selling advertisers video ad inventory on its AVOD and FAST streaming services, selling advertisers the ability to present content to its viewers, often with fewer commercials, and selling advertisers product and content integrations and sponsorships related to its original productions, as well as revenues from the Company’s 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 the Company’s 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, licensing of ancillary content rights, including fees related to the intellectual property infringement and content services revenue, including development, non-writing executive producer fees and production services. For all customer contracts, the Company evaluates whether it is the principal (i.e., report revenue on a gross basis) or the agent (i.e., report revenue on a net basis). Generally, the Company reports revenue for show productions, acquired distribution rights for films, the sub-licensing of acquired distribution rights and advertising placed on CSSE properties on a gross basis (the amount billed to its customers is recorded as revenue, and the amount paid to the Company’s vendors is recorded as a cost of revenue). The Company is the principal because it controls the assets or contractual distribution right before it is transferred to its customers. The Company controls are evidenced by its sole ability to monetize the asset, being primary obligor to its customers, having discretion in establishing pricing, or a combination of these factors. The Company also generates revenue through agency relationships in which revenue is reported net of agency commissions and publisher payments in arrangements where the Company does not own the asset in the form of content or ad inventory. In the ordinary course of business and as part of its content acquisition strategy, the Company will acquire a film or the worldwide rights to distribute a film, to improve its overall film library offering and generate attractive risk adjusted film returns. The Company will sometimes look to sub-license rights to distributors when it is attractive to do so in order to reduce the risk associated with the acquisition of rights. Performance obligations The unit of measure under ASC 606 is a performance obligation, which is a promise in a contract to transfer a distinct or series of distinct goods or services to a customer. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. Company contracts have either a single performance obligation as the promise to transfer services is not separately identifiable from other promises in the contracts and is, therefore, not distinct, or have multiple performance obligations, most commonly due to the contract covering multiple service offerings. For contracts with multiple performance obligations, the contract’s transaction price can generally be readily allocated to each performance obligation based upon the selling price of each distinct service in the contract. In cases where estimates are needed to allocate the transaction price, the Company uses historical experience and projections based on currently available information. Contract balances Contract balances include the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2023 ​ 2022 Accounts receivable, net ​ $ 10,948,965 ​ $ 39,467,049 Contract assets (included in accounts receivable) ​ ​ 131,139,260 ​ ​ 74,496,376 Total accounts receivable, net ​ $ 142,088,225 ​ $ 113,963,425 ​ ​ ​ ​ ​ ​ ​ Deferred revenue (included in accrued expenses) ​ $ 18,588,944 ​ $ 12,043,508 Revenue recognized from beginning balance within reporting period ​ $ 4,453,586 ​ ​ ​ ​ Contract assets are primarily comprised of unbilled receivables that are generally paid over time in accordance with the terms of the Company’s contracts with customers and are transferred to accounts receivable when the timing and right to payment becomes unconditional. Contract liabilities or deferred revenues relate to advance consideration received from customers under the terms of its contractual arrangements in advance of satisfaction of the contractual performance obligation. The Company generally receives payments from customers based upon contractual billing schedules and arrangements. Contract receivables are recognized in the period the Company performs the agreed upon performance obligations and the Company’s right to consideration becomes unconditional. Payment terms vary by the type and location of the customer and the goods or services provided. The term between invoicing and when payment is due not generally significant, but can extend from 1 - 5 years where a significant financing component exists with a minimum guarantee or a fixed license fee. A contract asset results when goods or services have been transferred to the customer, but payment is contingent upon a future event, other than the passage of time (i.e. type of unbilled receivable). Given the nature of its business from time to time the Company engages with distributors for terms that include minimum guarantees, that may include a significant financing component, which are contractually paid over a period of time at a variable rate of payment – based on sales and net cash collections made by the distributor from third parties. These minimum guarantees are generally collectible via royalty payments on a monthly or quarterly basis over the term of the contractual arrangement. The Company records deferred revenue (also referred to as contract liabilities under Topic 606) when cash payments are received in advance of the Company satisfying its performance obligations. The Company’s deferred revenue balances primarily relate to advance payments received related to content distribution rights agreements, production sponsorship arrangements and Redbox’s loyalty and promotional programs. These contract liabilities are recognized as revenue when the related performance obligations are satisfied. No significant changes in the timeframe of the satisfaction of contract liabilities have occurred during the year ended December 31, 2023. Arrangements with multiple performance obligations In contracts with multiple performance obligations, the Company identifies each performance obligation and evaluates whether the performance obligations are distinct within the context of the contract at contract inception. When multiple performance obligations are identified, the Company identifies how control transfers to the customer for each distinct contract obligation and determines the period when the obligations are satisfied. If obligations are satisfied in the same period, no allocation of revenue is deemed to be necessary. In the event performance obligations within a bundled contract do not run concurrently, the Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company generally determines standalone selling prices based on the prices charged to customers or by using expected cost-plus margins. Performance obligations that are not distinct at contract inception are combined.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2023
Share-Based Compensation
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 on June 30, 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 The Company recognizes these 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 years ended December 31, 2023 and 2022, the Company recognized $1.8 million and $3.4 million, respectively, of non-cash share-based compensation expense in Selling, general and administrative expense in the Consolidated Statements of Operations. Stock options activity as of December 31, 2023 and 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ Weighted ​ Average ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ Aggregate ​ ​ Number of ​ Exercise ​ Contract ​ Intrinsic ​ Stock Options Price Term (Yrs.) Value Outstanding at December 31, 2021 1,377,339 ​ $ 16.13 3.37 ​ $ 2,579,201 Granted 322,500 ​ ​ 8.32 ​ ​ ​ Forfeited (88,793) ​ ​ 19.27 ​ ​ ​ Exercised (40,000) ​ ​ 7.54 ​ ​ ​ Expired (60,000) ​ ​ 9.60 ​ ​ ​ Outstanding at December 31, 2022 1,511,046 ​ $ 14.89 ​ 3.15 ​ $ — Granted — ​ ​ — — ​ — Forfeited (218,500) ​ ​ 19.27 16.62 ​ — Exercised — ​ ​ — — ​ — Expired — ​ — — ​ — Outstanding at December 31, 2023 1,292,546 ​ $ 14.41 ​ 2.10 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and exercisable at December 31, 2022 889,623 ​ $ 14.02 2.62 ​ $ — Vested and exercisable at December 31, 2023 938,292 ​ $ 14.18 1.77 ​ $ — ​ As of December 31, 2023, the Company had unrecognized pre-tax compensation expense of $1.6 million related to non-vested stock options under the Plan of which $1.4 million and $0.2 million will be recognized in 2024 and 2025, respectively. In addition to the compensation expense discussed above, the Company also recognized stock-based compensation in 2022 in connection with the Redbox Merger which upon completion triggered accelerated vesting under the Redbox plans. There is $2.2 million of additional compensation expense in Selling, general and administrative expenses in the Consolidated Statements of Operations, for the year ended December 31, 2022. The Company used the following weighted average assumptions to estimate the fair value of stock options granted for the periods presented as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ Weighted Average Assumptions: 2023 (a) 2022 ​ Expected dividend yield ​ — % ​ — ​ Expected equity volatility ​ — % ​ 80.7 ​ Expected term (years) ​ — ​ 5 ​ Risk-free interest rate ​ — % ​ 3.27 ​ Exercise price per stock option ​ $ — ​ $ 9.52 ​ Market price per share ​ $ — ​ $ 9.52 ​ Weighted average fair value per stock option ​ $ — ​ $ 5.45 ​ (a) There were no stock options granted during the year ended December 31, 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 grants 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 year ended December 31, 2023 and 2022, the Company recognized in Selling, general and administrative expense, non-cash share-based compensation expense relating to stock grants of $0.3 million and $0.3 million, respectively.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	12 Months Ended
	Dec. 31, 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 antidilutive. A net loss available to common stockholders causes all potentially dilutive securities to be antidilutive and are not included. There were no anti-dilutive stock options or warrants for the year end December 31, 2023. Basic and diluted loss per share are computed as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 Net loss available to common stockholders ​ $ (636,551,384) ​ $ (111,290,202) ​ ​ ​ ​ ​ ​ ​ Basic weighted-average common shares outstanding ​ 28,467,334 ​ 17,261,460 Dilutive effect of options and warrants ​ — ​ — Weighted-average diluted common shares outstanding ​ 28,467,334 ​ 17,261,460 ​ ​ ​ ​ ​ ​ ​ Basic and diluted loss per share ​ $ (22.36) ​ $ (6.45) ​ ​ ​ ​ ​ ​ ​ Anti-dilutive stock options and warrants ​ $ — ​ $ 356,969 ​

Content Assets

Content Assets	12 Months Ended
	Dec. 31, 2023
Content Assets [Abstract]
Content Assets	Note 8 – Content Assets Content assets consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2023 ​ 2022 Original productions: ​ ​ ​ ​ ​ ​ Programming costs released ​ $ 34,311,305 ​ $ 31,081,500 In production ​ - ​ 806,009 In development ​ 8,089,560 ​ 8,377,649 Less: accumulated amortization (a) ​ ​ (41,630,180) ​ ​ (31,651,552) Programming costs, net ​ ​ 770,685 ​ ​ 8,613,606 ​ ​ ​ ​ ​ ​ ​ Film library: ​ ​ ​ ​ ​ ​ Film library acquisition costs ​ ​ 242,143,403 ​ ​ 208,982,878 Less: accumulated amortization (b) ​ ​ (181,745,110) ​ ​ (125,967,305) Film library costs, net ​ ​ 60,398,293 ​ ​ 83,015,573 ​ ​ ​ ​ ​ ​ ​ Licensed program rights: ​ ​ ​ ​ ​ ​ Programming rights ​ ​ 63,001,943 ​ ​ 56,288,723 Less: accumulated amortization (c) ​ ​ (52,556,827) ​ ​ (21,827,394) Programming rights, net ​ ​ 10,445,116 ​ ​ 34,461,329 Content assets, net ​ $ 71,614,094 ​ $ 126,090,508 (a) (b) (c) ​ Original productions programming costs consists 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, including impairments of content assets is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ December 31, ​ 2023 ​ 2022 Original productions ​ $ 9,978,628 ​ $ 4,080,670 Film library ​ ​ 34,098,668 ​ ​ 40,269,681 Licensed program rights ​ ​ 30,729,433 ​ ​ 21,020,971 Content asset impairment ​ 21,679,137 ​ 9,152,452 Total content asset amortization ​ $ 96,485,866 ​ $ 74,523,774 ​ For the years ended December 31, 2023 and 2022, the Company recognized content impairment charges of $21.7 million and $9.2 million, respectively. The impairments in 2023 principally relate to the under monetization of film distribution rights in certain international territories and lower expected future monetization of domestic AVOD rights due to a contract modification in the fourth quarter of 2023 with a distributor, as well as lower performance on certain releases in 2023. The $9.2 million impairment of original programs and film distribution rights in 2022 related to lower monetization in 2022 resulting in decreased future revenues.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Note 9 – Intangible Assets and Goodwill Intangible assets, consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Net ​ ​ ​ Carrying ​ ​ Accumulated ​ ​ Accumulated ​ ​ Carrying ​ ​ ​ Amount ​ ​ Amortization ​ ​ Impairment ​ ​ Amount December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Crackle Plus content rights ​ $ 1,708,270 ​ $ 1,708,270 ​ $ - ​ $ - Crackle Plus brand value ​ ​ 18,807,004 ​ ​ 12,157,467 ​ ​ 6,649,537 ​ ​ - Crackle Plus partner agreements ​ ​ 4,005,714 ​ ​ 3,705,285 ​ ​ 300,429 ​ ​ - Distribution network ​ ​ 3,600,000 ​ ​ 3,100,000 ​ ​ - ​ ​ 500,000 Locomotive contractual rights ​ ​ 1,206,870 ​ ​ 886,767 ​ ​ - ​ ​ 320,103 1091 intangible assets ​ ​ 2,810,000 ​ ​ 1,894,444 ​ ​ - ​ ​ 915,556 Redbox - Trade names and trademarks ​ ​ 82,700,000 ​ ​ 6,628,240 ​ ​ 52,798,000 ​ ​ 23,273,760 Redbox - Technology ​ ​ 30,800,000 ​ ​ 5,317,606 ​ ​ 17,150,000 ​ ​ 8,332,394 Redbox - Customer Relationships ​ ​ 177,700,000 ​ ​ 16,025,417 ​ ​ 160,103,750 ​ ​ 1,570,833 Popcornflix brand value ​ ​ 7,163,943 ​ ​ 732,789 ​ ​ 5,406,154 ​ ​ 1,025,000 Total definite lived intangibles ​ ​ 330,501,801 ​ ​ 52,156,285 ​ ​ 242,407,870 ​ ​ 35,937,646 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 ​ $ 52,156,285 ​ $ 247,407,870 ​ $ 35,937,646 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $25.6 million and $15.1 million for the years ended December 31, 2023, and 2022, respectively. As of December 31, 2023 amortization expense for the next 5 years is expected be: ​ ​ ​ ​ ​ 2024 ​ $ 6,008,065 2025 ​ 4,157,686 2026 ​ 3,429,631 2027 ​ 3,429,631 2028 ​ ​ 3,173,381 Beyond ​ ​ 15,739,252 Total ​ $ 35,937,646 ​ Total goodwill on the Consolidated Balance Sheets was $120.5 million and $260.7 million as of December 31, 2023 and December 31, 2022, respectively. Changes in the carrying amount of goodwill by reporting units for the years ended December 31, 2023 and 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ Digital ​ Distribution & Production Retail Beginning balance ​ $ 155,069,845 ​ $ 26,552,214 ​ $ 79,125,998 ​ Adjustments ​ ​ — ​ — ​ ​ (3,352,082) ​ Accumulated impairment losses ​ ​ (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 ​ ​ Goodwill and Intangible Asset Impairment As part of the Company finalizing its valuation of Redbox during 2023, $136.2 million of the $215.3 million of goodwill was allocated to Online Networks reporting unit which was renamed Digital reporting unit in 2023. The residual $79.1 million remained in the Redbox reporting unit which was renamed Retail reporting unit. Goodwill relating to the Company’s three reporting units and other intangible assets with indefinite lives are reviewed for impairment on an annual basis at December 31, 2023, or more frequently if events or circumstances indicate the carrying amount may not be recoverable. For annual impairment tests at December 31, 2023, the Company performs a qualitative or quantitative assessment, as required, for its reporting units and the indefinite lived intangibles. At September 30, 2023, the Company undertook and interim test 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. 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 units based on Level 3 inputs. The analysis for the Distribution & Production reporting unit indicated that there was no impairment condition. 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 associated with the reporting units and determined that there was an intangible impairment of $243.9 million across certain intangibles and an and a goodwill impairment of $136.9 million across the Digital and Retail reporting units. At December 31, 2023, the Company qualitatively determined there was no impairment condition related to its goodwill. A sustained deterioration in business further, including our inability to consummate additional financings under our strategic initiatives discussed elsewhere, could result in additional impairments in the future, which could have a material adverse effect on our business, financial condition and results of operations. For our 2022 assessment, the Company performed a qualitative assessment of its CSS indefinite lived brand intangible and determined it was not impaired. The Company weighed the relative impact of market-specific and macroeconomic factors, as well as factors specific to the indefinite lived asset. Based on the qualitative assessments, the Company concluded that the fair value of the indefinite lived intangible asset is greater than its carrying value, and therefore, performing a quantitative test was unnecessary. The Company performed a quantitative test on its Popcornflix indefinite lived intangible at December 31, 2022, the Company recognized an impairment In 2022, the Company performed a quantitative assessment of the Distribution & Production reporting unit. The Company weighed the relative impact of market-specific and macroeconomic factors, as well as factors specific to the reporting unit. Based on the quantitative assessment, the Company concluded that the fair value of the reporting unit is greater than its carrying value therefore there was no impairment. The Company performed a qualitative and quantitative test for its Online Networks reporting unit. The Online Networks reporting unit had a negative equity value as of December 31, 2022 and therefore was not deemed to be impaired, as the reporting unit’s fair value exceeds the carrying value.

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	Note 10 – Leases The following amounts were recorded on the Consolidated Balance Sheets relating to the Company’s operating and finance leases. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ ​ 2023 ​ ​ 2022 Right-of-Use Assets ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets ​ $ 10,721,375 ​ $ 16,315,342 ​ ​ ​ ​ ​ ​ ​ Lease Liabilities: ​ ​ ​ ​ ​ ​ Operating lease liabilities ​ $ 13,570,976 ​ $ 18,079,469 ​ ​ ​ ​ ​ ​ ​ Finance Lease cost ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets ​ $ 1,743,370 ​ $ 827,191 Interest on lease liabilities ​ ​ 172,888 ​ ​ 35,633 Total finance lease cost ​ $ 1,916,258 ​ $ 862,824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ December 31, ​ ​ ​ 2023 ​ ​ 2022 Operating leases ​ ​ ​ ​ ​ ​ Weighted average remaining lease term ​ ​ 5.0 years ​ ​ 5.9 years Weighted average discount rate ​ ​ 12% ​ ​ 7% Finance Leases ​ ​ ​ ​ ​ ​ Weighted average remaining lease term ​ ​ 2.6 years ​ ​ 1.1 years Weighted average discount rate ​ ​ 6% ​ ​ 4% ​ As the Company’s leases do not provide an implicit interest rate, the Company uses its 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. The Company has operating leases primarily for office space. Lease costs are generally fixed, with certain contracts containing escalations in the lessors’ annual costs. During fiscal year 2023, certain leases were modified due to non-payment of rent which triggered remeasurement and reduction of lease liability and right-of-use assets. At December 31, 2023, the Company is in default of its primary office leases, distribution center lease and car fleet lease, providing the ability for lessors the ability to evict the Company from its premises or repossess the vehicles. For the years ended December 31, 2023, and 2022, rent expense including short-term leases was $7.4 million and $4.2 million, respectively. Operating lease expense included in rent expense was $4.6 million and $3.0 million respectively. Cash paid for amounts included in operating lease liabilities was $3.5 million and $3.1 million as of December 31, 2023 and December 31, 2022, respectively. The expected future payments relating to the operating and finance lease liabilities at December 31, 2023 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating ​ Financing 2024 $ 5,333,922 $ 1,814,953 2025 ​ ​ 3,981,337 ​ ​ 1,561,380 2026 ​ ​ 2,104,048 ​ ​ 1,213,515 2027 ​ ​ 1,643,022 ​ ​ 261,544 2028 ​ 1,495,221 ​ — Thereafter ​ 3,735,105 ​ — Total minimum payments ​ ​ 18,292,655 ​ ​ 4,851,392 Less: amounts representing interest ​ ​ (4,721,679) ​ ​ (469,080) Present value of minimum payments ​ $ 13,570,976 ​ $ 4,382,312 ​

Debt

Debt	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Debt	Note 11 – Debt Long-term debt for the periods presented was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2023 ​ 2022 HPS term ​ $ 382,911,682 ​ $ 335,342,705 HPS revolving loan ​ ​ 94,070,501 ​ ​ 82,362,336 Notes due 2025 ​ ​ 44,855,900 ​ ​ 44,855,900 Film acquisition advances ​ ​ 29,105,770 ​ ​ 27,837,565 MUFG Bank, LTD film financing facility ​ ​ 5,969,896 ​ ​ 6,577,243 Other debt ​ ​ 5,477,912 ​ ​ 3,204,255 Total gross debt ​ ​ 562,391,661 ​ ​ 500,180,004 Less: debt issuance costs and discounts ​ ​ (16,186,461) ​ ​ (20,526,393) Total debt, net ​ ​ 546,205,200 ​ ​ 479,653,611 Less: current portion ​ (34,588,027) ​ (18,798,515) Total long-term debt, net ​ $ 511,617,173 ​ $ 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. As of December 31, 2023, the total outstanding debt had a net book value of $477.0 million ($382.9 million under the term loan and $94.1 million under the revolving credit facility) where the total PIK interest of approximately $71.2 million has been deferred and compounded and added to the principal balance including an additional $59.3 million during the year ended December 31, 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 for customary overhead, legal, accounting and other professional fees and expenses; taxes; customary salary, bonus and other benefits. We have entered into a term sheet providing for a mutual forbearance from prosecution of bilateral claims of default and rights by both our principal lender and our company pending consummation of certain refinancing and further capitalization transactions that, if successful, will result in settlement of all obligations to, and claims by and against, our principal lender, in the coming months. We are pressing forward expeditiously and assertively with documentation of these transactions, and pressing to finalize all documents necessary to make these transactions and resolutions happen. However, we cannot assure you that the underlying disputes will ultimately be resolved in a manner that is satisfactory to us or which does not cause us material harm. See Note 19 Subsequent Events under the section entitled “ Proposed Mutual Forbearance Agreement & Strategic Initiatives 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 December 31, 2023. Additionally, there was a letter of credit arrangement of $0.3 million during fiscal 2022 that served as a security deposit for leased warehouse space and was pledged by an equal amount of cash pledged as collateral which was no longer maintained in 2023. The Company’s letter of credit arrangements collateral is classified as restricted cash and reflects balances of $2.9 million and $3.4 million as of December 31, 2023, and 2022 respectively. 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 Union Bank 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. During 2023, 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. As of December 31, 2023, and December 31, 2022, the outstanding balance was $6.4 million and $6.1 million, respectively. At December 31, 2023, the loan is past due and accruing interest at a default rate of 15% . 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 $26.9 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 December 31, 2023, the outstanding balance was $22.7 million. MidCap Revolving Loan On May 21, 2021, the Company entered into a credit agreement with Midcap Financial Trust. The credit agreement provides the Company with a revolving loan in an aggregate principal amount not to exceed $30,000,000 at any time outstanding. On the closing date, the Company made an initial draw down on the loan of $18,272,931 in connection with funding the SEI acquisition. The availability under the loan at any time is subject to the borrowing base, which is equal to 85% of the eligible accounts receivable minus the sum of all reserves and is adjusted monthly, as necessary. The loan bears interest at 4% plus the greater of LIBOR or 0.75% per annum. In addition, the loan contains an unused line fee of 0.5% per annum and a collateral management fee of 0.504% per annum. Interest and fees on the loan are payable in arrears on the first day of each month and on the maturity of the loan. The Credit Agreement and other loan documents contain customary representations and warranties and affirmative and negative covenants. Under the Credit Agreement, the Company is required to maintain minimum liquidity in the form of borrowing base availability or cash on hand in an aggregate amount of not less than $6,000,000. As of December 31, 2022, the Company paid off all of the outstanding balances and closed this loan. MUFG Union Bank Film Financing Facility On December 29, 2020, Redbox Entertainment, LLC entered into a four-year, $20 million film financing facility with MUFG Union Bank (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, 2023. Borrowings outstanding under the Union Film Financing Facility as of December 31, 2023, and December 31, 2022 were $5.9 million and $6.6 million, respectively. Borrowings under the Union Film Financing Facility bear interest at either the alternate base rate or LIBOR (based on an interest period selected by the Company of one month, three months or six 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 ½ of 1.0%, and (iii) daily one month LIBOR plus 1.0%. The film financing facility borrowings that are LIBOR loans bear interest at a per annum rate equal to the applicable LIBOR plus a margin of 0.50%. The borrowing interest rate for the Union Film Financing Facility was 8.2% and 7.1% as of December 31, 2023, and December 31, 2022, respectively. 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. Debt Maturities As of December 31, 2023, the expected aggregate maturities of debt for each of the next five years are as follows: ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ $ 34,588,016 2025 ​ 143,551,002 2026 ​ 1,100,753 2027 ​ 383,151,890 2028 ​ ​ - Beyond ​ ​ - Total ​ $ 562,391,661 ​

Put Option Obligation

Put Option Obligation	12 Months Ended
	Dec. 31, 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 is 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 October 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 December 31, 2023, the Company has paid $7,706,633 under the amended payment agreement and the outstanding amount of $3,793,337 is past due. Upon payment, the Company will own 100% of CSS AVOD. See Note 1 for additional information. As of December 31, 2023, the 5% interest in CSS AVOD, Inc. consists of the following: ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2023 Put Option Obligation ​ $ 3,693,337 Noncontrolling Interests ​ 100,000 Total ​ $ 3,793,337 ​

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 13 – Income Taxes The Company’s current and deferred income tax provision are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 Current provision: ​ ​ Federal ​ $ 16,296 ​ $ — States ​ ​ 228,522 ​ ​ (343,361) Total current provision ​ $ 244,818 ​ $ (343,361) Deferred provision: ​ ​ Deferred income tax benefit ​ $ (5,948,090) ​ $ (36,957,881) Total deferred benefit ​ (5,948,090) ​ (36,957,881) Total income tax benefit ​ $ (5,703,272) ​ $ (37,301,242) ​ The provision for income taxes is different from amounts computed by applying the U.S. statutory rates to consolidated loss before taxes. The significant reason for these differences is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 ​ 2022 Federal statutory rate of 21% ​ ​ 21.00 % ​ ​ 21.00 % Increase (decrease) resulting from: ​ ​ ​ ​ ​ ​ State and local taxes ​ 4.25 ​ ​ 4.40 ​ Valuation Allowance ​ ​ (18.97) ​ ​ ​ 3.30 ​ Transaction Costs ​ ​ — ​ ​ ​ (0.90) ​ Impairment ​ ​ (5.30) ​ ​ ​ — ​ Other ​ (0.08) ​ ​ (1.00) ​ Actual tax provision ​ ​ 0.90 % ​ ​ 26.80 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred income taxes reflect the “temporary differences” between the financial statement carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes and net operating losses, adjusted by the relevant tax rate. The components of the deferred tax assets and liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2023 ​ 2022 Deferred tax assets: ​ ​ Net operating loss carry-forwards ​ $ 64,385,856 ​ $ 36,323,046 Section 163(j) carryover ​ ​ 25,110,095 ​ ​ 6,325,013 ROU liabilities ​ ​ 3,411,689 ​ ​ 4,582,241 Compensatory accruals ​ ​ 2,642,369 ​ ​ 3,228,997 ARO liabilities ​ ​ 3,588,499 ​ ​ 3,461,123 Other liabilities ​ ​ 4,260,392 ​ ​ 3,800,018 Property plant & equipment ​ ​ 4,642,718 ​ ​ 3,374,008 Film library and other intangibles ​ 31,298,536 ​ 18,608,104 Other liabilities ​ ​ 9,378,778 ​ ​ — Total deferred tax assets ​ $ 148,718,932 ​ $ 79,702,550 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ ​ ​ ROU assets ​ ​ (2,695,311) ​ ​ (4,135,123) Intangible assets ​ ​ — ​ ​ (51,706,018) Indefinite lived intangibles ​ ​ — ​ ​ (2,195,876) Goodwill ​ ​ (594,165) ​ ​ (987,618) Other assets ​ (909,699) ​ (1,334,703) Total deferred tax liabilities ​ ​ (4,199,175) ​ ​ (60,359,338) Valuation allowance ​ ​ (144,519,757) ​ (25,291,302) Net deferred tax asset (liabilities) ​ $ — ​ $ (5,948,090) ​ The Company and its subsidiaries have combined net operating losses of approximately $258.0 million, $10.8 million of which were incurred before 2018 and expire between 2031 and 2037 with the balance of $247.2 million having no expiration under changes made by the Tax Cuts and Jobs Act but may only be utilized generally to offset 80 percent of taxable income. The ultimate realization of the tax benefit from net operating losses is dependent upon future taxable income, if any, of the Company. Internal Revenue Code Section 382 imposes limitations on the use of net operating loss carryovers when the stock ownership of one or more 5% stockholders (stockholders owning 5% or more of the Company’s outstanding capital stock) has increased by more than 50 percentage points. Additionally, the separate-return-limitation-year (SRLY) rules that apply to consolidated returns may limit the utilization of losses in a given year when consolidated tax returns are filed. Management has determined that because of a recent history of recurring losses, the ultimate realization of the net operating loss carryovers is not assured and has recorded a valuation allowance. Public trading of the Company’s stock poses a risk of an additional successive ownership change beyond the control of the Company that could trigger a limitation of the use of the loss carryover. The valuation allowance increased by $119.2 million and decreased by $6.1 million for the years ended December 31, 2023 and 2022, respectively. As of December 31, 2023, the Company's effective income tax rate was a benefit of 0.9%, which differed from the federal statutory rate of 21.0% primarily due to the increase of the Company’s valuation allowance. As of December 31, 2022, the Company’s effective income tax rate was 26.8% primarily due to a change in the Company’s valuation allowance as a result of the acquired deferred tax liability of Redbox. ​ The Company evaluates its 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 December 31, 2023, the Company determined that its deferred tax assets are not more likely than not to be realized and has recorded a full valuation allowance. 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, 2023 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. These tax law changes have not had a material adverse effect on the Company’s results of operations. Unrecognized Tax Benefits The aggregate changes in the balance of unrecognized tax benefits were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2023 ​ 2022 ​ ​ ​ Balance, beginning of the period ​ $ 123,168 ​ $ — Adjustments for accrual to return differences ​ ​ (86,192) ​ ​ ​ Additions based on tax positions related to the current year ​ ​ — ​ ​ 86,192 Additions for tax positions related to prior years ​ ​ — ​ ​ 36,976 Reductions for tax positions related to prior years ​ ​ (27,246) ​ ​ — Balance, end of period ​ $ 9,730 ​ $ 123,168 ​ The Company recognizes interest and penalties, if any, related to income tax matters in income tax expense. The Company accrued interest of $0.0 million and $0.0 million for the years ended December 31, 2023 and 2022, respectively. At December 31, 2023 and 2022, $0.0 million and $0.1 million, respectively, of unrecognized tax benefits would favorably impact the effective tax rate if recognized.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 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 December 31, 2023, CSS directly owns approximately 100% of the Company’s Class B common stock and 3,668,942 shares of the Company’s Class A common stock. On a combined basis, CSS ownership of common stock represents an ownership interest of 35.0% of the total outstanding common stock and 79.2% 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 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. A summary of the relevant ongoing agreements is as follows: CSS Management Services Agreement The Company is a party to a Management Services Agreement with CSS (the “Management Agreement”). Under the terms of the Management Agreement, the Company is provided with the operational expertise of the CSS companies’ personnel, including its chief executive officer, chief financial officer, chief accounting officer, chief strategy officer, and senior brand advisor, and with other services, including accounting, legal, marketing, management, data access and back-office systems. The Management Agreement also requires CSS to provide headquarter office space and equipment usage. Under the terms of the Management Agreement, the Company pays a quarterly fee to CSS equal to 5% of the net revenue as reported under GAAP for each fiscal quarter. The term of the Management Agreement is five years, with automatic one-year renewals thereafter unless either party elects to terminate by delivering written notice at least 90 days prior to the end of the then current term. The Management Agreement is terminable earlier by either party by reason of certain prescribed and uncured defaults by the other party. The Management Agreement will automatically terminate in the event of the Company’s bankruptcy or a bankruptcy of CSS or if the Company no longer has licensed rights from CSS under the License Agreement described below. CSS License Agreement and Marketing Support Fee The Company is a party to a trademark and intellectual property license agreement with CSS (the “License Agreement”). Under the terms of the License Agreement, the Company has been granted a perpetual, exclusive license to utilize the Brand and related content, such as stories published in the Chicken Soup for the Soul books, for visual exploitation worldwide. Under the License Agreement, the Company pays a license fee to CSS equal to 4% of net revenue for each fiscal quarter. In addition, CSS provides marketing support for the Company’s productions through its email distribution, blogs and other marketing and public relations resources. The Company pays a quarterly fee to CSS for those services equal to 1% of net revenue as reported under GAAP for each fiscal quarter for such support. Modification of CSS Management and License Agreements 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 2,025,927 shares of Class A common stock to CSS under the modification as of December 31, 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 December 31, 2023, $6.2 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 $6.6 million of future management and license fees will be offset by the issuance of Class A common stock to CSS in the periods after December 31, 2023. For the years ended December 31, 2023 and 2022, the Company recorded management fee expense of $9.2 million and $9.2 million, respectively, payable to CSS. For the years ended December 31, 2023 and 2022, the Company recorded a combined license and marketing support fee expense of $9.2 million and $9.2 million, respectively, payable to CSS. 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 December 31, 2023 and 2022, the Company had an intercompany payable with affiliated companies. ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2023 ​ 2022 Due to affiliated companies ​ $ 5,537,842 ​ $ 3,778,936 Total due to/due from affiliated companies ​ $ 5,537,842 ​ $ 3,778,936 ​ Other Related Parties In the ordinary course of business, the Company is involved in arms-length transactions with certain minority shareholders of a consolidated subsidiary related to the licensing of television and film programming properties. For the years ended December 31, 2023 and 2022, the amount of revenue recognized was $0 and $0 million, respectively. At December 31, 2023 and 2022, the Company had accounts receivable of $3.5 million and $4.8 million, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 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 the Company enters into agreements to obtain future titles. Once a title is delivered, accepted and becomes available for exploitation, a content liability is recorded on the consolidated balance sheet. As of December 31, 2023, the Company had $161.9 million in content obligations, comprised of $46.0 million of film library acquisition obligations, $67.6 million of programming obligations and $48.3 million of accrued participation costs. As of December 31, 2022, the Company had $124.3 million in content obligations, comprised of $39.8 million of 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 which are expected to be fulfilled in the normal course of business have. 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 December 31, 2023 is presented in the following table. The Company does not include any estimated obligation for these future titles beyond the known minimum amount. Future minimum payments off-balance sheet content commitments as of December 31, 2023 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ 2024 ​ 2025 and thereafter Minimum estimated content commitments $ 25,865,517 ​ $ 25,865,517 ​ $ - ​ Acquisition of Sonar Assets The Company owes contingent consideration related to the acquisition of Sonar of $5.3 million at December 31, 2023. The liability is an estimate and is payable upon the collection of receipts from defined receivables, noncontracted TV business receipts and profit participation on a slate of development projects. Additionally, the Company has a Put Obligation for $11,500,000 to acquire 5% of the shares of CSS AVOD Inc., that can be triggered any time during the three-year period immediately following the 18-month anniversary of the asset purchase agreement which was exercised during fiscal 2023. See Note 12, Put Option Obligation, for additional information. Legal and Other Matters During fiscal 2023, the Company is currently subject to numerous litigations and other potential litigations and claims due to unpaid vendor payments because of the capital shortfalls. We are a defendant in numerous commercial actions claiming breach of contract and other causes, including breach of contract relating to the content relationships, company leases, and advertising relationships. ​ BBC v. Screen Media and CSSE, New York Court ​ SPHE Scan Based Trading v. CSSE Redbox and Crackle Plus, California Court - ​ Universal City Studios v. Redbox, Superior Court of Los Angeles County, California - ​ We have entered into a term sheet providing for a mutual forbearance from the prosecution of bilateral claims of default and rights by both our principal lender and our company pending consummation of certain refinancing and further capitalization transactions that, if successful, will result in settlement of all obligations to, and claims by and against, our principal lender, in the coming months. We are pressing forward expeditiously and assertively with documentation of these transactions, and pressing to finalize all documents necessary to make these transactions and resolutions happen. However, we cannot assure you that the underlying disputes will ultimately be resolved in a manner that is satisfactory to us or which does not cause us material harm. See Note 19 Subsequent Events under the section entitled “ Proposed Mutual Forbearance Agreement & Strategic Initiatives” While we believe that, if we are able to consummate the series of strategic financing transactions that we believe are available to us in the near term (as more generally described in Note 1 under the section entitled “ Substantial Doubt Exists Regarding Our Ability To Continue As A Going Concern Proposed Mutual Forbearance Agreement & Strategic Initiatives” ​ Other than the items discussed above, we believe that the other matters that the Company is currently subject to litigation are not significant, and, in the opinion of our management, are not likely to have a material adverse effect on the Company in adjudicated or settled in a manner adverse to the Company. 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	12 Months Ended
	Dec. 31, 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 25, 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 December 31, 2023, the Company had $3,474,299 of authorization remaining under the $30,000,000 stock repurchase program. During 2023, The Company did not repurchase any shares. During 2022, the Company repurchased 1,410,036 shares of common stock at an average price of $9.90. 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. 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 December 31, 2023 the Company sold 500,000 shares of Class A common stock to Lincoln Park for net proceeds of $1,470,000. Shares Issued In Lieu of Payment During the year ended December 31, 2023, the Company issued an aggregate of 2,025,927 shares of Class A common stock to its parent (CSS) in lieu of $6,179,075 cash for fees due under the CSS Management Agreement and the CSS License Agreement. See Note 14, for more information. During the year ended December 31, 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 Issuance for Redbox Merger On August 11, 2022, the Company acquired all the outstanding equity interests of Redbox. In conjunction with the merger, the Company issued 4,662,195 shares of its Class A common stock. See Note 4, Business Combinations, for additional information. Common and Preferred Stock Issuance for 1091 On March 4, 2022, the Company acquired all the outstanding equity interests of 1091. In conjunction with the merger, the Company issued 375,000 shares of its Class A common stock and 80,000 shares of its preferred stock. See Note 4, Business Combinations, for additional information. At the Market Offerings and Private Placements During the years ended December 31, 2023 and 2022, the Company completed the sale of an aggregate of 3,375,897 and 376,163 shares, respectively of Class A common stock, generating net proceeds of $5,820,404 and $3,706,926 in the respective periods. During the year ended December 31, 2023, the Company completed the sale of an aggregate of 1,198,965 shares of Series A preferred stock, generating net proceeds of $18,774,269. During the year ended December 31, 2022, the Company completed the sale of an aggregate of 718,027 shares, respectively of Series A preferred stock, generating net proceeds of $16,699,901 during the period. Noncontrolling Interests Noncontrolling interests represent an equity interest in consolidated subsidiaries, including CSS AVOD, Locomotive Global and Landmark Studio Group. On September 8, 2021, the Company purchased an additional 25,000 units of common equity in Landmark Studio Group from Cole investments VII, LLC for $6,000,000. On March 3, 2022, the Company purchased the remaining equity interest in Landmark Studio Group in exchange for 84,000 shares of Class A common stock and $2,200,000, of which $1,450,000 is payable two years from the acquisition date. The purchase increased the Company’s ownership in Landmark Studio Group from 78.5% to 100%. In October 2021, the Company acquired a 51% stake in Locomotive Global Inc., a film production services company in India. Voting Rights Common Stock Holders of shares of Class A Common Stock and Class B Common Stock have substantially identical rights, except that holders of shares of Class A Common Stock are entitled to one vote per share and holders of shares of Class B Common Stock are entitled to ten votes per share. Holders of shares of Class A Common Stock and Class B Common Stock vote together as a single class on all matters (including the election of directors) submitted to a vote of stockholders, unless otherwise required by law or charter. Preferred Stock Holders of Series A Preferred Stock generally have no voting rights except for the right to add two members to the board of directors if dividends payable on the outstanding Series A Preferred Stock are in arrears for eighteen Dividend Rights Common Stock Shares of Class A Common Stock and Class B Common Stock shall be treated equally, identically and ratably, on a per share basis, with respect to any dividends or distributions as may be declared and paid from time to time by the Board of Directors out of any assets legally available thereof. Preferred Stock Holders of the Series A Preferred Stock will receive cumulative cash dividends at a rate of 9.75% per annum, as and when declared by the Board of Directors. See Note 19 Subsequent Events for additional information regarding suspension of preferred dividends. No Preemptive or Similar Rights The Company’s common stock is not entitled to preemptive rights and is not subject to conversion, redemption or sinking fund provisions. Right to Receive Liquidation Distributions Subject to the preferential or other rights of any holders of preferred stock then outstanding, including the Series A Preferred Stock, upon dissolution, liquidation or winding up, whether voluntary or involuntary, holders of Class A Common Stock and Class B Common Stock will be entitled to receive ratably all of the Company’s assets available for distribution to the stockholders unless disparate or different treatment of the shares of each such class with respect to distributions upon any such liquidation, dissolution or winding up is approved in advance by the affirmative vote (or written consent if action by written consent of stockholders is permitted at such time under the certificate of incorporation) of the holders of a majority of the outstanding shares of Class A Common Stock and Class B Common Stock, each voting separately as a class. Warrants Warrant activity as of December 31, 2023 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ Average ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ ​ Outstanding ​ ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Exercise ​ Contract Warrants at December 31, 2022 ​ Issued ​ ​ Exercised ​ Expired ​ at December 31, 2023 ​ Price Term (Yrs.) Class W 526,362 ​ — ​ ​ — ​ (526,362) ​ — ​ $ — ​ — Class Z 123,109 ​ — ​ ​ — ​ — ​ 123,109 ​ ​ 12.00 ​ 0.50 CSSE Class I 800,000 ​ — ​ ​ — ​ — ​ 800,000 ​ ​ 8.13 ​ 0.37 CSSE Class II 1,200,000 ​ — ​ ​ — ​ — ​ 1,200,000 ​ ​ 9.67 ​ 0.37 CSSE Class III-A 380,000 ​ — ​ ​ — ​ — ​ 380,000 ​ ​ 11.61 ​ 0.37 CSSE Class III-B 1,620,000 ​ — ​ ​ — ​ — ​ 1,620,000 ​ ​ 11.61 ​ 0.37 Redbox Public (CSSEL) (1) ​ 1,039,183 ​ — ​ ​ — ​ — ​ 1,039,183 ​ ​ 132.18 ​ 2.82 Redbox Private (1) ​ 339,065 ​ — ​ ​ — ​ — ​ 339,065 ​ ​ 132.18 ​ 2.82 Total ​ 6,027,719 ​ — ​ ​ — ​ (526,362) ​ 5,501,357 ​ $ 32.75 ​ 0.98 (1) The number of warrants is shown on an as converted basis based on the exchange ratio of 0.087 , the gross warrants are 11,944,627 public and 3,897,303 private. In connection with the HPS Credit Agreement, the Company issued HPS and affiliates a five-year warrant (“Credit Facility Warrants”) to purchase up to an aggregate of 1,011,530 shares of the Company’s Class A common stock, at a per-share exercise price of $0.0001. All the Credit Facility Warrants were exercised in September 2022. 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 $3,473,184. As of December 31, 2023, the fair market value of the warrants was $0.01 or $9,923. For year ended December 31, 2023, the Company recognized a gain of $15,299 on the change in fair value of the warrant liabilities in Other income (expense), net in the Company’s Consolidated Statements of Operations.

Segment and Geographic Informat

Segment and Geographic Information	12 Months Ended
	Dec. 31, 2023
Segment and Geographic Information [Abstract]
Segment and Geographic Information	Note 17 – Segment 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, the production and distribution of video content, and currently operates in the United States and internationally. Net revenue generated in the United States accounted for approximately 83% and 95% of total net revenue for the years ended December 31, 2023 and 2022, respectively. All of the Company’s long-lived assets are based in the United States. ​

Customer Concentrations

Customer Concentrations	12 Months Ended
	Dec. 31, 2023
Risks and Uncertainties [Abstract]
Customer Concentrations	Note 18 – Customer Concentrations Customers with concentrations in excess of 10% of Net revenue and Gross accounts receivable for the years ended and as of December 31, 2023 and 2022 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, Revenues 2023 ​ 2022 Customer A ​ 14 % ​ — % Customer B ​ 11 % ​ — % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ Accounts Receivable ​ 2023 ​ 2022 ​ Customer A 32 % ​ — % Customer B 27 % ​ — % Customer C ​ — % ​ 14 % Customer D ​ — % ​ 12 % ​

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 19 – Subsequent Events Series A Preferred Stock On January 5, 2024, the Company’s Board of Directors determined to temporarily suspend the payment of monthly cash dividends on the Company’s Series A Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred Stock”) beginning with the payment scheduled for on or around January 15, 2024. The suspension of these dividends will defer approximately $1.2 million in cash dividend payments each month. Pursuant to Section 4 of the Certificate of Designations of the Series A Preferred Stock, dividends on the Series A Preferred Stock will continue to accumulate whether or not the Company has earnings, there are funds legally available for the payment of those dividends, or those dividends are declared by the Board of Directors. No interest, or sum in lieu of interest, will be payable in respect of any dividend payment or payments on the Series A Preferred Stock which may be in arrears, and holders of the Series A Preferred Stock will not be entitled to any dividends in excess of the full cumulative dividends. Any dividend payment made on the Series A Preferred Stock shall first be credited against the earliest accumulated but unpaid dividend due with respect to the Series A Preferred Stock. Interest Payments on 9.50% Notes On January 9, 2024, the Company notified U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as Trustee (the “Trustee”), with respect to the Company’s 9.50% Notes due 2025 (the “Notes”), of the Company’s intent to make a special payment on January 30, 2024 (the “Special Distribution Date”) in the amount of $1,074,042.20, representing all accrued and unpaid interest that was due and not paid to the Note holders on the original interest payment due date of January 2, 2024 (an aggregate of $1,065,327.23), plus interest on such interest (an aggregate of $8,714.97) at the same rate prescribed by the Notes (the “Special Payment”). The record date for the Special Payment is January 19, 2024 (the “Special Record Date”). Subject to receipt of such funds from the Company, the Trustee will distribute an aggregate of $1,074,042.20 pro rata to holders as of the Special Record Date. On April 4, 2024, the Company notified U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as Trustee (the “Trustee”), with respect to the Company’s 9.50% Notes due 2025 (the “Notes”), of the Company’s intent to make a special payment on April 30, 2024 (the “Special Distribution Date”) in the amount of $1,074,042.20, representing all accrued and unpaid interest that was due and not paid to the Note holders on the original interest payment due date of April 1, 2024 (an aggregate of $1,065,327.23), plus interest on such interest (an aggregate of $8,714.97) at the same rate prescribed by the Notes (the “Special Payment”). The record date for the Special Payment is April 16, 2024 (the “Special Record Date”). Subject to receipt of such funds from the Company, the Trustee will distribute an aggregate of $1,074,042.20 pro rata to holders as of the Special Record Date. Nasdaq Delisting Notice On March 25, 2024, the Company received a staff determination from The Nasdaq Stock Market (“Nasdaq”) to delist the Company’s securities from the Nasdaq Capital Market (the “Staff Determination”). As disclosed previously, the Company received three separate notices from Nasdaq advising the Company that it is not in compliance with certain Nasdaq listing requirements. The notices include the failure of our Class A common stock to trade at or above the Nasdaq required minimum $1 threshold for 30 consecutive days, maintain a public float above $5M on its Class A common stock (CSSE) and maintain equity of $10 million. The Company appealed the Staff Determination on April 1, 2024 and expects the hearing to occur within 45 days after the date of its hearing request. The hearing request will stay the delisting of the Company’s securities pending the appeal and the Company’s securities will continue to be listed on the Nasdaq Capital Market until a decision is made. In the meantime, the Company is considering various strategic options to remedy its noncompliance with Nasdaq Listing Rules described above. 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. ​ Accounts Receivable In March 2023 a customer who has a $50 million outstanding balance related to a content licensing agreement approached us about expanding and amending the terms of the agreement. The proposal includes modifying the form of consideration to include a non-cash component. As of the date of this filing, there are no changes to the terms of the agreement. Proposed Mutual Forbearance Agreement & Strategic Initiatives In April 2024, as an integral part of our strategic initiatives to improve the capital position of our Company and resolve our mutual disputes with our principal lender, we established a framework with such lender, pursuant to which we would waive certain claims and the lenders under our credit facility would forbear (the “Forbearance”) for a period of time (the “Mutual Forbearance Period”) from exercising any remedies they may have under such credit facility in order to allow our company approximately 60 days to pursue certain proposed transactions (“Proposed Transactions”). The Proposed Transactions include (a) a $50 million sublicense (the “Proposed Sublicense”) and (b) a $125 million agreement with a third party comprised of a $65 million line of credit and a $60 million equipment lease to Redbox secured by assets owned by Redbox (the “Proposed Redbox Facility”). We would be required to apply a portion of the aggregate net proceeds of the Proposed Transactions to the prepayment of a portion of the outstanding loans under our credit facility on a pro rata basis (the “Initial Prepayment”). ​ In the event the Proposed Transactions are consummated and the Initial Prepayment is made prior to the expiration of the Mutual Forbearance Period, the Mutual Forbearance Period would be extended until September 30, 2024 (the “Extended Mutual Forbearance Period”) during which time we would be required to prepay an additional amount under the credit facility. If these additional payments are made during the Extended Mutual Forbearance Period and the lenders have collectively received the specified amount in combined cash and permitted asset value (the “Payment Threshold”), all remaining amounts due and owing under the credit facility shall be deemed satisfied and paid in full, constituting a reduction that represented the majority of aggregate stated principal and interest. ​ The proposed agreement is subject to certain condition precedents, which management expects to meet in the near term. Under the proposed agreement, should the Company fail to make the payments timely or default under the existing credit agreement, the Mutual Forbearance Period will terminate and HPS will be able to pursue certain remedies to be outlined in the agreement, and to exercise their existing rights under the credit facility. Similarly, the Company would in that circumstance be free to pursue its claims against the principal lender, as well as any other legal courses of action it might deem necessary or appropriate in such circumstance. ​ ​

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company and its wholly and majority owned subsidiaries in which a controlling financial interest is maintained and variable interest entities (“VIEs”), where the Company is considered the primary beneficiary, after the elimination of intercompany transactions. The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (‘‘GAAP’’).
Reclassifications	Reclassifications Certain amounts reported for prior years have been reclassified to conform to the current year’s presentation. The reclassifications have no effect on the reported net loss.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. The Company’s significant estimates include those related to revenue recognition, ultimate revenues, future cash flows of long-lived asset groups and the fair value of indefinite lived intangibles and goodwill. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include highly liquid investments with original maturities of three months or less and consist primarily of money market funds. Such investments are stated at cost, which approximates fair value. For the years ended December 31, 2023 and 2022, restricted cash was $3.3 million and $3.7 million, respectively. Restricted cash represents funds held-on-deposit with third party financial institutions, which are insured in excess of the restricted balance.
Property and Equipment	Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation. 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 is recognized using the straight-line method over the following approximate useful lives: ​ ​ ​ ​ ​ ​ ​ Useful Life Redbox kiosks and components ​ ​ 3 - 5 years ​ Computers and software ​ ​ 2 - 3 years ​ Leasehold improvements (shorter of life of asset or remaining lease term) ​ ​ 3 - 6 years ​ Office furniture and equipment ​ ​ 5 - 7 years ​ Vehicles ​ ​ 3 - 4 years ​ ​ The value of the Company’s property and equipment as of December 31, 2023 is included in Other assets, net on the Consolidated Balance Sheets and is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2023 ​ ​ 2022 Redbox kiosks and components ​ $ 14,926,015 ​ ​ $ 13,707,512 Computers and software ​ 18,535,824 ​ ​ 13,857,011 Leasehold improvements (shorter of life of asset or remaining lease term) ​ 5,127,377 ​ ​ 5,119,077 Office furniture and equipment ​ 1,306,881 ​ ​ 1,287,104 Vehicles ​ 3,794,296 ​ ​ 2,747,604 Property and equipment, at cost ​ ​ 43,690,393 ​ ​ ​ 36,718,308 Less: accumulated depreciation and amortization ​ ​ (19,980,292) ​ ​ ​ (11,570,457) Property and equipment, net ​ $ 23,710,101 ​ ​ $ 25,147,851 ​ During the years ended December 31, 2023 and 2022, the Company recorded depreciation and amortization expense of $10.7 million and $9.5 million, 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, Stockholder’s Equity, 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 kiosk occupies to its original condition upon removal of a 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 ARO liabilities are included in Other liabilities on the Consolidated Balance Sheets, and were $14.3 million and $13.7 million as of December 31, 2023 and 2022, respectively.
Fair Value	Fair Value Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measurements, a three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies, is as follows: Level 1—Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2—Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3—Valuations based on unobservable inputs reflecting the Company’s own assumptions. These valuations require significant judgment and estimates. At December 31, 2023 and 2022, the fair value of the Company’s financial instruments including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses, approximated their carrying value due primarily to the relative short-term nature of these instruments. Certain liabilities, including Contingent consideration are measured at fair value on a recurring basis. Other assets and liabilities, including television and film content costs, goodwill, intangible assets are adjusted to fair value after initial recognition, only if an impairment charge is recognized. Impairment charges, if applicable, are generally determined using a discounted cash flow (DCF), which is a Level 3 valuation technique.
Foreign Currency Translation	Foreign Currency Translation Assets and liabilities of the Company’s foreign subsidiaries with a functional currency other than the U.S. Dollar are translated into U.S. Dollars using applicable exchange rates at the balance sheet date. Revenue and expenses are translated at average exchange rates effective during the year. The resulting foreign currency translation gains and losses are included as a component of accumulated other comprehensive gain within Stockholders’ Equity on the Company’s Consolidated Balance Sheets. Assets and liabilities of the Company’s foreign subsidiaries for which the functional currency is not the U.S. Dollar are re-measured into U.S. Dollars using applicable exchange rates at the balance sheet date, except nonmonetary assets and liabilities, which are re-measured at the historical exchange rates prevailing when acquired. Revenue and expenses are re-measured at average exchange rates effective during the year. Foreign currency translation gains and losses from re-measurement are included in Other non-operating (income) expense in the accompanying Consolidated Statements of Operations. The amounts of net gain (loss) on foreign currency re-measurement recognized were immaterial for all periods presented.
Business Combinations	Business Combinations The Company accounts for acquisitions of businesses using the acquisition method of accounting. The purchase price is allocated to the identifiable net assets acquired, including intangible assets, liabilities assumed and contingent liabilities acquired, as well as amounts attributed to noncontrolling interests, are recorded at fair value. The excess of the purchase price over the amount allocated to the identifiable assets and liabilities, if any, is recorded as goodwill. Any transaction costs are expensed as incurred. Determining the fair value of assets acquired and liabilities assumed requires significant judgment, including the selection of valuation methodologies, estimates of future revenue and cash flows and discount rates. See Note 4, Business Combinations, for additional information.
Accounts Receivable	Accounts Receivable Accounts receivable are stated at the amounts management expects to collect and are stated net of allowance for uncollectible accounts and video returns. An allowance for doubtful accounts is recorded based on a combination of historical experience, expected economic conditions and industry trends. For the years ended December 31, 2023 and 2022, the provision for doubtful accounts charged to operating expense was $7.0 million and $0.4 million, respectively. See Notes 18 and 19 for additional information regarding customer concentration of credit risk.
Sales of Receivables	Sales of Receivables During the 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 year ended December 31, 2023, the Company sold $47.3 million of receivables, received $40.2 million of cash and incurred discount fees of approximately $2.0 million. The amount receivable from our factoring partners on December 31, 2023 is approximately $1.6 million and our collection support efforts have been de minimis, therefore, no servicing asset or liability is provided for .
Content Assets	Content Assets The Company produces original productions and acquires rights to films and television programming to exhibit on the Company’s AVOD Networks and to distribute to third parties, including sub-distributors. The Company also develops and produces programming for third parties. Original Productions Content assets related to original productions include the unamortized costs of completed, in-process, or in-development long-form and short-form video content produced by the Company. For video content, the Company’s capitalized costs include all direct production and financing costs, capitalized interest when applicable, and production overhead. The costs of producing video content are amortized using the individual-film-forecast method. These costs are amortized in the proportion that current period’s revenue bears to management’s estimate of ultimate revenue expected to be recognized from each production. For an episodic television series, the period over which ultimate revenue is estimated cannot exceed ten years following the date of delivery of the first episode, or, if still in production, five years from the date of delivery of the most recent episode, if later.
Film Library	Film Library The film library includes the cost of acquiring individual title distribution rights or an acquired film library. Films are amortized using the individual-film-forecast-computation method. The film library is stated at the lower of unamortized cost or fair value. Amortization is based upon management’s best estimate of total future, or ultimate revenue. Amortization is adjusted when necessary to reflect increases or decreases in forecasted ultimate revenues. Ultimate revenues for individual films is no longer than 10 years and for an acquired film library, no longer than 20 years.
Monetization & Recoverability of Content	Monetization & Recoverability of Content Content assets (licensed and produced) are predominantly monetized individually and therefore are reviewed at the individual level when an event or change in circumstance indicates a change in the expected usefulness of the content or the fair value may be less than the unamortized cost. The determination of the predominant monetization strategy is made at commencement of the production or license period and the classification of the monetization strategy as individual or group only changes if there is a significant change to the title’s monetization strategy relative to its initial assessment. Original productions, films and acquired film libraries are stated at the lower of amortized cost or estimated fair value. The valuation of content is reviewed at the individual title level or acquired library level, when an event or change in circumstances indicates that the fair value may be less than its unamortized cost and the valuation is based on a DCF methodology with assumptions for cash flows. Key inputs employed in the DCF methodology include estimates of a film ultimate revenue and costs as well as a discount rate. The discount rate utilized in the DCF is based on the required return for an equity investor in a small film distribution company plus a risk premium associated the risk associated with acquiring an individual film. An impairment charge is recorded in the amount by which the unamortized costs exceed the estimated fair value. Estimates of future revenue involve measurement uncertainties and it is therefore possible that reductions in the carrying value of film library costs may be required because of changes in management’s future revenue estimates. See Note 8, Content Assets, for additional information.
Licensed Program Rights and Obligations	Licensed Program Rights and Obligations Programming rights acquired under license agreements are recorded as an asset and a corresponding liability upon commencement of the license period. The programming rights are amortized over the license period based on the expected monetization of each show, straight-line, or a ratable basis. Programming obligations represent the gross commitment amounts to be paid to program suppliers over the life of the contracts and includes revenue shares owed on content monetization across our direct to consumer physical and VOD platforms. License fees payable to suppliers based on a percentage of advertising revenue generated are reflected in Accounts payable.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company reviews its long-lived assets, other than goodwill and intangible assets with indefinite lives, for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset grouping may not be recoverable. If the sum of the expected future cash flows, undiscounted and without interest, is less than the carrying amount of the asset, an impairment loss is recognized as the amount by which the carrying amount of the asset exceeds its fair value. The expected cash flows are based on assumptions regarding the Company’s future business outlook and where appropriate, include a residual value based on a revenue market multiple. While the Company continues to review and analyze many factors that can impact its business prospects in the future, its analyses are subjective and are based on conditions existing at and trends leading up to the time the assumptions are made. Actual results could differ from these assumptions. See Note 9, Intangible Assets and Goodwill, for additional information.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination which are not individually identified and is allocated to the Company’s reporting units. The Company does not amortize goodwill. Intangible assets with finite lives, which primarily consist of acquired customer bases, non-compete agreements, content rights, brand value, contractual and partner agreements are generally amortized on a straight-line basis over their estimated lives, which range from 3 to 15 years. Amortization expense is included in Amortization and depreciation in the Consolidated Statements of Operations. Goodwill and other intangible assets with indefinite lives are tested for impairment on an annual basis and between annual tests if events occur or circumstances change that would more likely than not reduce the fair value its carrying amount. If the carrying value of goodwill or an indefinite-lived intangible asset exceeds fair value, an impairment charge is recognized. The fair value of the Company’s reporting units or indefinite lived intangible assets are based on assumptions regarding its future business outlook. The Company continues to review and analyze many factors that can impact its business prospects in the future, its analyses are subjective and are based on conditions existing at and trends leading up to the time the assumptions are made. Actual results could differ from these assumptions. See Note 9, Intangible Assets and Goodwill, for additional information.
Income Taxes	Income Taxes The Company records income taxes under the asset and liability method in accordance with FASB ASC Section 740. Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred taxes are also recognized for operating losses that are available to offset future taxable income. A valuation allowance is established, when necessary, to reduce net deferred tax assets to the amount expected to be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be realized or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. The Company accounts for uncertain tax positions in accordance with the authoritative guidance issued by the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740: Income Taxes by the taxing authority, based on the technical merits of the position or expiration of statutes. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. In addition, the authoritative guidance addresses de-recognition, classification, interest and penalties on income taxes, accounting in interim periods, and also requires increased disclosures. The Company includes interest and penalties related to its uncertain tax positions as part of income tax expense within its Consolidated Statements of Operations. At December 31, 2023 and 2022, the liabilities related to total unrecognized tax benefits were $0.0 million and $0.1 million, respectively. See Note 13, Income Taxes, for additional information.
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 decrement 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 December 31, 2023 and 2022 respectively, $4.3 million and $7.3 million was 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 December 31, 2023 and 2022 respectively, $2.1 million and $2.3 million of revenue was deferred related to Perks and is included in Accrued expenses in the accompanying Consolidated Balance Sheets.
Film Library Acquisition Obligations	Film Library Acquisition Obligations Film library acquisition obligations represent amounts due in connection with acquiring film distribution rights that have been delivered. Pursuant to the film distribution rights agreements, the Company’s right to distribute films may revert to the licensor if the Company is unable to satisfy its financial obligations with respect to the acquisition of the related distribution rights. See Note 15, Commitments and Contingencies, for additional information.
Accrued Participation Costs	Accrued Participation Costs Parties involved in the production of a title may be compensated in part by contingent payments based on the financial results of a title pursuant to contractual formulas (participations) and by contingent amounts due under provisions of collective bargaining agreements (residuals). Such costs are collectively referred to as participation costs. Participations may be given to creative talent, such as actors or writers, or to entities from whom distribution rights are licensed. Such amounts are estimated based on film ultimate revenues or airings.
Related Party Transactions - Due To/Due From Affiliated Companies	Related Party Transactions – Due To/Due From Affiliated Companies The Company follows subtopic 850-10 of the FASB ASC for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 the related parties include subsidiaries and affiliates of the Company and Chicken Soup for the Soul Holdings, LLC (“CSS”), the Company’s parent company. The financial statements and accompanying notes include disclosures of material related party agreements and transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. See Note 14, Related Party Transactions, for additional information.
Revenue Recognition	Revenue Recognition Revenue from contracts with customers is recognized as contractual performance obligations are satisfied; generally, this occurs at the point in time when the customer has the ability to direct the use and obtain substantially all the benefits of that good or service. The Company’s contractual performance obligations include the licensing or sale of content, production services, or delivery of online advertisements. Revenue is measured at contract inception as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services to customers. The Company also generates revenue through its Redbox Service business by providing installation, merchandising and break-fix services to other kiosk operators. The performance obligations are normally satisfied at the time the service is provided. Revenue from 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. Revenue from a direct sale out of the kiosk of previously rented movies is recognized at the time of sale. Revenue from On Demand rentals or purchases is also recognized at the time of sale. See Note 5, Revenue Recognition, for additional information.
Share-Based Compensation	Share-Based Compensation The Company’s policy is to issue new shares for purchases under its Long-term Incentive Plan. Share-based compensation expense is estimated at the grant date based on a stock option’s fair value. The determination of the share-based compensation expense related to stock options is calculated using a Black-Scholes-Merton option pricing model and is affected by the Company’s stock price, expected stock price volatility over the term of the awards, expected term, risk free interest rate and expected dividends. The Company records forfeitures as they occur. See Note 6, Share-Based Compensation, for additional information.
Employee Benefits	Employee Benefits CSSE employees participate in a 401(k) plan administered by CSS. The Company’s contributions to the plan were $1.5 million and $0.6 million in 2023 and 2022. Redbox had historically sponsored a 401(k) plan for all of its eligible employees that was merged into CSSE’s plan as of January 1, 2023. The plan includes optional employee contributions as a percentage of eligible earnings, subject to Internal Revenue Service limitations. The Company matches up to 100% on the first 3% of participating employees’ contributions and 50% on each of the next 2% (up to a maximum of 4% when the participant contributes at least 5%). Matching contributions to the 401(k) plan are expensed as incurred.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred and included in Selling, general and administrative expenses on the Consolidated Statements of Operations. Advertising expense was $9.1 million and $8.2 million for the years ended December 31, 2023 and 2022, respectively.
Treasury Stock	Treasury Stock Treasury stock is accounted for using the cost method.
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic earnings (loss) per share is computed based on the weighted average number of shares of all classes of common stock outstanding during the period. Diluted earnings (loss) per share is computed based on the weighted average number of common shares outstanding during the period increased, when applicable, by dilutive common stock equivalents, comprised of Class Z warrants, Class I warrants, Class II warrants, Class III-A warrants, Class III-B warrants, Redbox’s public and private warrants and stock options outstanding. When the Company has a net loss, dilutive common stock equivalents are not included as they would be anti-dilutive. In computing the effect of dilutive common stock equivalents, the Company uses the treasury stock method to calculate the related incremental shares. See Note 7, Earnings Per Share, for additional information.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies
Schedule of property and equipment useful lives	​ ​ ​ ​ ​ ​ ​ Useful Life Redbox kiosks and components ​ ​ 3 - 5 years ​ Computers and software ​ ​ 2 - 3 years ​ Leasehold improvements (shorter of life of asset or remaining lease term) ​ ​ 3 - 6 years ​ Office furniture and equipment ​ ​ 5 - 7 years ​ Vehicles ​ ​ 3 - 4 years ​
Schedule of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2023 ​ ​ 2022 Redbox kiosks and components ​ $ 14,926,015 ​ ​ $ 13,707,512 Computers and software ​ 18,535,824 ​ ​ 13,857,011 Leasehold improvements (shorter of life of asset or remaining lease term) ​ 5,127,377 ​ ​ 5,119,077 Office furniture and equipment ​ 1,306,881 ​ ​ 1,287,104 Vehicles ​ 3,794,296 ​ ​ 2,747,604 Property and equipment, at cost ​ ​ 43,690,393 ​ ​ ​ 36,718,308 Less: accumulated depreciation and amortization ​ ​ (19,980,292) ​ ​ ​ (11,570,457) Property and equipment, net ​ $ 23,710,101 ​ ​ $ 25,147,851

Business Combination (Tables)

Business Combination (Tables)	12 Months Ended
	Dec. 31, 2023
Schedule of stand-alone financial performance	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023 ​ ​ ​ Redbox ​ ​ 1091 ​ ​ Total Net revenue ​ $ 151,046,990 ​ $ 25,662,405 ​ $ 176,709,395 Net income (loss) ​ $ (454,028,894) ​ $ 4,275,804 ​ $ (449,753,090) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 ​ ​ ​ Redbox ​ ​ 1091 ​ ​ Total Net revenue ​ $ 86,322,726 ​ $ 40,992,549 ​ $ 127,315,275 Net income (loss) ​ $ (35,870,971) ​ $ 24,034,837 ​ $ (11,836,134)
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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts recognized as of acquisition date (as previously reported) ​ ​ Measurement period adjustments ​ Purchase price allocation Assets acquired: ​ ​ ​ ​ ​ ​ ​ ​ Cash, cash equivalents and restricted cash ​ $ 12,921,550 ​ $ — $ 12,921,550 Accounts receivable ​ ​ 17,704,843 ​ ​ 51,607 ​ 17,756,450 Content library ​ ​ 21,241,822 ​ ​ (594,668) ​ 20,647,154 Prepaid expenses and other assets ​ ​ 16,783,468 ​ ​ (343,566) ​ 16,439,902 Property and equipment ​ 15,504,940 ​ — 15,504,940 Right-of-use assets ​ ​ 7,183,735 ​ ​ — ​ 7,183,735 Intangible assets (1) ​ ​ 291,200,000 ​ ​ — ​ 291,200,000 Goodwill ​ 215,284,816 ​ (3,352,082) 211,932,734 Total assets acquired ​ ​ 597,825,174 ​ ​ (4,238,709) ​ 593,586,465 ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities assumed: ​ ​ ​ ​ ​ ​ ​ ​ Debt ​ ​ 359,854,921 ​ ​ — ​ 359,854,921 Accounts payable and accrued expenses ​ ​ 91,644,772 ​ ​ (4,238,709) ​ 87,406,063 Operating lease liabilities ​ ​ 7,183,736 ​ ​ — ​ 7,183,736 Financing lease liabilities ​ ​ 2,241,304 ​ ​ — ​ 2,241,304 Other liabilities ​ ​ 66,895,293 ​ ​ — ​ 66,895,293 Total liabilities assumed ​ ​ 527,820,026 ​ ​ (4,238,709) ​ 523,581,317 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net assets acquired ​ $ 70,005,148 ​ $ — $ 70,005,148 (1) The weighted-average useful life of intangible assets acquired is approximately 14 years .
Schedule of proforma financial information	​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ December 31, 2022 Net revenue ​ $ 409,200,000 ​ Net loss ​ $ (287,625,000) ​
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)	12 Months Ended
	Dec. 31, 2023
Revenue Recognition
Schedule of disaggregate of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ % of ​ ​ ​ ​ % of ​ ​ 2023 revenue 2022 revenue ​ Revenue: ​ ​ ​ VOD and streaming ​ $ 104,004,498 36 % $ 144,484,749 57 % Retail ​ ​ 112,795,918 ​ 38 % ​ 67,756,426 ​ 27 % Licensing and other ​ 77,606,478 26 % 40,568,935 16 % Net revenue ​ $ 294,406,894 100 % $ 252,810,110 100 %
Schedule of contract balances	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2023 ​ 2022 Accounts receivable, net ​ $ 10,948,965 ​ $ 39,467,049 Contract assets (included in accounts receivable) ​ ​ 131,139,260 ​ ​ 74,496,376 Total accounts receivable, net ​ $ 142,088,225 ​ $ 113,963,425 ​ ​ ​ ​ ​ ​ ​ Deferred revenue (included in accrued expenses) ​ $ 18,588,944 ​ $ 12,043,508 Revenue recognized from beginning balance within reporting period ​ $ 4,453,586 ​ ​ ​

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Compensation
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, 2021 1,377,339 ​ $ 16.13 3.37 ​ $ 2,579,201 Granted 322,500 ​ ​ 8.32 ​ ​ ​ Forfeited (88,793) ​ ​ 19.27 ​ ​ ​ Exercised (40,000) ​ ​ 7.54 ​ ​ ​ Expired (60,000) ​ ​ 9.60 ​ ​ ​ Outstanding at December 31, 2022 1,511,046 ​ $ 14.89 ​ 3.15 ​ $ — Granted — ​ ​ — — ​ — Forfeited (218,500) ​ ​ 19.27 16.62 ​ — Exercised — ​ ​ — — ​ — Expired — ​ — — ​ — Outstanding at December 31, 2023 1,292,546 ​ $ 14.41 ​ 2.10 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and exercisable at December 31, 2022 889,623 ​ $ 14.02 2.62 ​ $ — Vested and exercisable at December 31, 2023 938,292 ​ $ 14.18 1.77 ​ $ — ​
Schedule of weighted average assumptions to estimate the fair value of stock options	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ Weighted Average Assumptions: 2023 (a) 2022 ​ Expected dividend yield ​ — % ​ — ​ Expected equity volatility ​ — % ​ 80.7 ​ Expected term (years) ​ — ​ 5 ​ Risk-free interest rate ​ — % ​ 3.27 ​ Exercise price per stock option ​ $ — ​ $ 9.52 ​ Market price per share ​ $ — ​ $ 9.52 ​ Weighted average fair value per stock option ​ $ — ​ $ 5.45 ​ (a) There were no stock options granted during the year ended December 31, 2023. ​

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings (Loss) Per Share [Abstract]
Schedule of components of basic and diluted loss per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 Net loss available to common stockholders ​ $ (636,551,384) ​ $ (111,290,202) ​ ​ ​ ​ ​ ​ ​ Basic weighted-average common shares outstanding ​ 28,467,334 ​ 17,261,460 Dilutive effect of options and warrants ​ — ​ — Weighted-average diluted common shares outstanding ​ 28,467,334 ​ 17,261,460 ​ ​ ​ ​ ​ ​ ​ Basic and diluted loss per share ​ $ (22.36) ​ $ (6.45) ​ ​ ​ ​ ​ ​ ​ Anti-dilutive stock options and warrants ​ $ — ​ $ 356,969 ​

Content Assets, net (Tables)

Content Assets, net (Tables)	12 Months Ended
	Dec. 31, 2023
Content Assets [Abstract]
Schedule of content assets	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2023 ​ 2022 Original productions: ​ ​ ​ ​ ​ ​ Programming costs released ​ $ 34,311,305 ​ $ 31,081,500 In production ​ - ​ 806,009 In development ​ 8,089,560 ​ 8,377,649 Less: accumulated amortization (a) ​ ​ (41,630,180) ​ ​ (31,651,552) Programming costs, net ​ ​ 770,685 ​ ​ 8,613,606 ​ ​ ​ ​ ​ ​ ​ Film library: ​ ​ ​ ​ ​ ​ Film library acquisition costs ​ ​ 242,143,403 ​ ​ 208,982,878 Less: accumulated amortization (b) ​ ​ (181,745,110) ​ ​ (125,967,305) Film library costs, net ​ ​ 60,398,293 ​ ​ 83,015,573 ​ ​ ​ ​ ​ ​ ​ Licensed program rights: ​ ​ ​ ​ ​ ​ Programming rights ​ ​ 63,001,943 ​ ​ 56,288,723 Less: accumulated amortization (c) ​ ​ (52,556,827) ​ ​ (21,827,394) Programming rights, net ​ ​ 10,445,116 ​ ​ 34,461,329 Content assets, net ​ $ 71,614,094 ​ $ 126,090,508 (a) (b) (c) ​
Schedule of content asset amortization	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ December 31, ​ 2023 ​ 2022 Original productions ​ $ 9,978,628 ​ $ 4,080,670 Film library ​ ​ 34,098,668 ​ ​ 40,269,681 Licensed program rights ​ ​ 30,729,433 ​ ​ 21,020,971 Content asset impairment ​ 21,679,137 ​ 9,152,452 Total content asset amortization ​ $ 96,485,866 ​ $ 74,523,774

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets, net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Net ​ ​ ​ Carrying ​ ​ Accumulated ​ ​ Accumulated ​ ​ Carrying ​ ​ ​ Amount ​ ​ Amortization ​ ​ Impairment ​ ​ Amount December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Crackle Plus content rights ​ $ 1,708,270 ​ $ 1,708,270 ​ $ - ​ $ - Crackle Plus brand value ​ ​ 18,807,004 ​ ​ 12,157,467 ​ ​ 6,649,537 ​ ​ - Crackle Plus partner agreements ​ ​ 4,005,714 ​ ​ 3,705,285 ​ ​ 300,429 ​ ​ - Distribution network ​ ​ 3,600,000 ​ ​ 3,100,000 ​ ​ - ​ ​ 500,000 Locomotive contractual rights ​ ​ 1,206,870 ​ ​ 886,767 ​ ​ - ​ ​ 320,103 1091 intangible assets ​ ​ 2,810,000 ​ ​ 1,894,444 ​ ​ - ​ ​ 915,556 Redbox - Trade names and trademarks ​ ​ 82,700,000 ​ ​ 6,628,240 ​ ​ 52,798,000 ​ ​ 23,273,760 Redbox - Technology ​ ​ 30,800,000 ​ ​ 5,317,606 ​ ​ 17,150,000 ​ ​ 8,332,394 Redbox - Customer Relationships ​ ​ 177,700,000 ​ ​ 16,025,417 ​ ​ 160,103,750 ​ ​ 1,570,833 Popcornflix brand value ​ ​ 7,163,943 ​ ​ 732,789 ​ ​ 5,406,154 ​ ​ 1,025,000 Total definite lived intangibles ​ ​ 330,501,801 ​ ​ 52,156,285 ​ ​ 242,407,870 ​ ​ 35,937,646 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 ​ $ 52,156,285 ​ $ 247,407,870 ​ $ 35,937,646 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	​ ​ ​ ​ ​ 2024 ​ $ 6,008,065 2025 ​ 4,157,686 2026 ​ 3,429,631 2027 ​ 3,429,631 2028 ​ ​ 3,173,381 Beyond ​ ​ 15,739,252 Total ​ $ 35,937,646
Schedule of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ Digital ​ Distribution & Production Retail Beginning balance ​ $ 155,069,845 ​ $ 26,552,214 ​ $ 79,125,998 ​ Adjustments ​ ​ — ​ — ​ ​ (3,352,082) ​ Accumulated impairment losses ​ ​ (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)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Schedule of amounts recorded in condensed consolidated balance sheet	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ ​ 2023 ​ ​ 2022 Right-of-Use Assets ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets ​ $ 10,721,375 ​ $ 16,315,342 ​ ​ ​ ​ ​ ​ ​ Lease Liabilities: ​ ​ ​ ​ ​ ​ Operating lease liabilities ​ $ 13,570,976 ​ $ 18,079,469 ​ ​ ​ ​ ​ ​ ​ Finance Lease cost ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets ​ $ 1,743,370 ​ $ 827,191 Interest on lease liabilities ​ ​ 172,888 ​ ​ 35,633 Total finance lease cost ​ $ 1,916,258 ​ $ 862,824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ December 31, ​ ​ ​ 2023 ​ ​ 2022 Operating leases ​ ​ ​ ​ ​ ​ Weighted average remaining lease term ​ ​ 5.0 years ​ ​ 5.9 years Weighted average discount rate ​ ​ 12% ​ ​ 7% Finance Leases ​ ​ ​ ​ ​ ​ Weighted average remaining lease term ​ ​ 2.6 years ​ ​ 1.1 years Weighted average discount rate ​ ​ 6% ​ ​ 4%
Schedule of expected future payments relating to our operating lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating ​ Financing 2024 $ 5,333,922 $ 1,814,953 2025 ​ ​ 3,981,337 ​ ​ 1,561,380 2026 ​ ​ 2,104,048 ​ ​ 1,213,515 2027 ​ ​ 1,643,022 ​ ​ 261,544 2028 ​ 1,495,221 ​ — Thereafter ​ 3,735,105 ​ — Total minimum payments ​ ​ 18,292,655 ​ ​ 4,851,392 Less: amounts representing interest ​ ​ (4,721,679) ​ ​ (469,080) Present value of minimum payments ​ $ 13,570,976 ​ $ 4,382,312 ​
Schedule of expected future payments relating to our finance lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating ​ Financing 2024 $ 5,333,922 $ 1,814,953 2025 ​ ​ 3,981,337 ​ ​ 1,561,380 2026 ​ ​ 2,104,048 ​ ​ 1,213,515 2027 ​ ​ 1,643,022 ​ ​ 261,544 2028 ​ 1,495,221 ​ — Thereafter ​ 3,735,105 ​ — Total minimum payments ​ ​ 18,292,655 ​ ​ 4,851,392 Less: amounts representing interest ​ ​ (4,721,679) ​ ​ (469,080) Present value of minimum payments ​ $ 13,570,976 ​ $ 4,382,312 ​

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of debt	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2023 ​ 2022 HPS term ​ $ 382,911,682 ​ $ 335,342,705 HPS revolving loan ​ ​ 94,070,501 ​ ​ 82,362,336 Notes due 2025 ​ ​ 44,855,900 ​ ​ 44,855,900 Film acquisition advances ​ ​ 29,105,770 ​ ​ 27,837,565 MUFG Bank, LTD film financing facility ​ ​ 5,969,896 ​ ​ 6,577,243 Other debt ​ ​ 5,477,912 ​ ​ 3,204,255 Total gross debt ​ ​ 562,391,661 ​ ​ 500,180,004 Less: debt issuance costs and discounts ​ ​ (16,186,461) ​ ​ (20,526,393) Total debt, net ​ ​ 546,205,200 ​ ​ 479,653,611 Less: current portion ​ (34,588,027) ​ (18,798,515) Total long-term debt, net ​ $ 511,617,173 ​ $ 460,855,096
Schedule of aggregate maturities of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ $ 34,588,016 2025 ​ 143,551,002 2026 ​ 1,100,753 2027 ​ 383,151,890 2028 ​ ​ - Beyond ​ ​ - Total ​ $ 562,391,661 ​

Put Option Obligation (Tables)

Put Option Obligation (Tables)	12 Months Ended
	Dec. 31, 2023
CSS AVOD Inc.
Business Acquisition [Line Items]
Schedule of Options Indexed to Issuer's Equity [Table Text Block]	​ ​ ​ ​ ​ ​ December 31, ​ ​ 2023 Put Option Obligation ​ $ 3,693,337 Noncontrolling Interests ​ 100,000 Total ​ $ 3,793,337 ​

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of current and deferred income tax provision	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 Current provision: ​ ​ Federal ​ $ 16,296 ​ $ — States ​ ​ 228,522 ​ ​ (343,361) Total current provision ​ $ 244,818 ​ $ (343,361) Deferred provision: ​ ​ Deferred income tax benefit ​ $ (5,948,090) ​ $ (36,957,881) Total deferred benefit ​ (5,948,090) ​ (36,957,881) Total income tax benefit ​ $ (5,703,272) ​ $ (37,301,242)
Schedule of reconciliation of effective income tax rate	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 ​ 2022 Federal statutory rate of 21% ​ ​ 21.00 % ​ ​ 21.00 % Increase (decrease) resulting from: ​ ​ ​ ​ ​ ​ State and local taxes ​ 4.25 ​ ​ 4.40 ​ Valuation Allowance ​ ​ (18.97) ​ ​ ​ 3.30 ​ Transaction Costs ​ ​ — ​ ​ ​ (0.90) ​ Impairment ​ ​ (5.30) ​ ​ ​ — ​ Other ​ (0.08) ​ ​ (1.00) ​ Actual tax provision ​ ​ 0.90 % ​ ​ 26.80 % ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of components of deferred tax assets and liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2023 ​ 2022 Deferred tax assets: ​ ​ Net operating loss carry-forwards ​ $ 64,385,856 ​ $ 36,323,046 Section 163(j) carryover ​ ​ 25,110,095 ​ ​ 6,325,013 ROU liabilities ​ ​ 3,411,689 ​ ​ 4,582,241 Compensatory accruals ​ ​ 2,642,369 ​ ​ 3,228,997 ARO liabilities ​ ​ 3,588,499 ​ ​ 3,461,123 Other liabilities ​ ​ 4,260,392 ​ ​ 3,800,018 Property plant & equipment ​ ​ 4,642,718 ​ ​ 3,374,008 Film library and other intangibles ​ 31,298,536 ​ 18,608,104 Other liabilities ​ ​ 9,378,778 ​ ​ — Total deferred tax assets ​ $ 148,718,932 ​ $ 79,702,550 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ ​ ​ ROU assets ​ ​ (2,695,311) ​ ​ (4,135,123) Intangible assets ​ ​ — ​ ​ (51,706,018) Indefinite lived intangibles ​ ​ — ​ ​ (2,195,876) Goodwill ​ ​ (594,165) ​ ​ (987,618) Other assets ​ (909,699) ​ (1,334,703) Total deferred tax liabilities ​ ​ (4,199,175) ​ ​ (60,359,338) Valuation allowance ​ ​ (144,519,757) ​ (25,291,302) Net deferred tax asset (liabilities) ​ $ — ​ $ (5,948,090)
Schedule of aggregate changes in the balance of unrecognized tax benefits	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2023 ​ 2022 ​ ​ ​ Balance, beginning of the period ​ $ 123,168 ​ $ — Adjustments for accrual to return differences ​ ​ (86,192) ​ ​ ​ Additions based on tax positions related to the current year ​ ​ — ​ ​ 86,192 Additions for tax positions related to prior years ​ ​ — ​ ​ 36,976 Reductions for tax positions related to prior years ​ ​ (27,246) ​ ​ — Balance, end of period ​ $ 9,730 ​ $ 123,168

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Schedule of intercompany receivable and payable	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2023 ​ 2022 Due to affiliated companies ​ $ 5,537,842 ​ $ 3,778,936 Total due to/due from affiliated companies ​ $ 5,537,842 ​ $ 3,778,936

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of estimated content commitments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ 2024 ​ 2025 and thereafter Minimum estimated content commitments $ 25,865,517 ​ $ 25,865,517 ​ $ -

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2023 ​ Price Term (Yrs.) Class W 526,362 ​ — ​ ​ — ​ (526,362) ​ — ​ $ — ​ — Class Z 123,109 ​ — ​ ​ — ​ — ​ 123,109 ​ ​ 12.00 ​ 0.50 CSSE Class I 800,000 ​ — ​ ​ — ​ — ​ 800,000 ​ ​ 8.13 ​ 0.37 CSSE Class II 1,200,000 ​ — ​ ​ — ​ — ​ 1,200,000 ​ ​ 9.67 ​ 0.37 CSSE Class III-A 380,000 ​ — ​ ​ — ​ — ​ 380,000 ​ ​ 11.61 ​ 0.37 CSSE Class III-B 1,620,000 ​ — ​ ​ — ​ — ​ 1,620,000 ​ ​ 11.61 ​ 0.37 Redbox Public (CSSEL) (1) ​ 1,039,183 ​ — ​ ​ — ​ — ​ 1,039,183 ​ ​ 132.18 ​ 2.82 Redbox Private (1) ​ 339,065 ​ — ​ ​ — ​ — ​ 339,065 ​ ​ 132.18 ​ 2.82 Total ​ 6,027,719 ​ — ​ ​ — ​ (526,362) ​ 5,501,357 ​ $ 32.75 ​ 0.98 (1) The number of warrants is shown on an as converted basis based on the exchange ratio of 0.087 , the gross warrants are 11,944,627 public and 3,897,303 private.

Customer Concentrations (Tables

Customer Concentrations (Tables)	12 Months Ended
	Dec. 31, 2023
Customer Concentration Risk
Schedules of concentration risk with net revenue and gross accounts receivable	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, Revenues 2023 ​ 2022 Customer A ​ 14 % ​ — % Customer B ​ 11 % ​ — % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ Accounts Receivable ​ 2023 ​ 2022 ​ Customer A 32 % ​ — % Customer B 27 % ​ — % Customer C ​ — % ​ 14 % Customer D ​ — % ​ 12 % ​

Description of the Business (De

Description of the Business (Details)	12 Months Ended
	Dec. 31, 2023 item segment location
Description of the Business
Number of flagship	3
Number of channels	170
Number of self service kiosks operated	27,800
Number of reportable segments | segment	1
Number of countries and territories worldwide the company has a presence | location	56

Description of the Business - B

Description of the Business - Business Update, Going Concern and Strategic Alternatives (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Aug. 31, 2022	Apr. 20, 2022	Jul. 17, 2020
Business Acquisition, Contingent Consideration [Line Items]
Net Cash Provided by (Used in) Operating Activities	$ (23,306,567)	$ (62,937,000)
Net loss available to common stockholders	(636,551,384)	(111,290,202)
Retained Earnings (Accumulated Deficit)	$ (884,303,830)	$ (247,752,446)
Corresponding rebound in demand for physical kiosk rentals, expected to return	33%
9.50% Notes Due 2025
Business Acquisition, Contingent Consideration [Line Items]
Interest rate	9.50%
9.75% Series A Cumulative Redeemable Perpetual Preferred Stock
Business Acquisition, Contingent Consideration [Line Items]
Preferred Stock, Dividend Rate, Percentage	9.75%
9.50% Notes Due 2025
Business Acquisition, Contingent Consideration [Line Items]
Interest rate	9.50%	9.50%		9.50%	9.50%
Redbox Entertainment Inc.
Business Acquisition, Contingent Consideration [Line Items]
Debt acquired	$ 359,854,921		$ 359,900,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Restricted cash	$ 3,300,000	$ 3,700,000
Provision for doubtful accounts	$ 7,000,000	400,000
Holdback period for invoice amount of factoring arrangement	180 days
Amount of receivables sold	$ 47,300,000
Proceeds from sale of receivables	40,200,000
Discount fees incurred on sale of receivables	2,000,000
Servicing asset	0
Servicing liability	$ 0
Period following the date of delivery of the first episode over with the ultimate revenue may be estimated	10 years
Period from date of delivery of most recent episode if still in production the ultimate revenue may be estimated	5 years
Unrecognized tax benefits	$ 9,730	123,168
Advertising expense	$ 9,100,000	8,200,000
Minimum
Estimate of useful lives	3 years
Maximum
Amount receivable from factoring partners	$ 1,600,000
Period of ultimate revenue estimated for individual films	10 years
Period of ultimate revenue estimated for acquired film library	20 years
Estimate of useful lives	15 years
Accrued expenses
Deferred promotional codes and gift cards	$ 4,300,000	7,300,000
Deferred loyalty program	2,100,000	2,300,000
Other liabilities
Asset retirement obligation	$ 14,300,000	$ 13,700,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Property and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	$ 43,690,393	$ 36,718,308
Accumulated depreciation and amortization	(19,980,292)	(11,570,457)
Property and equipment, net	23,710,101	25,147,851
Depreciation and amortization expense	10,700,000	9,500,000
Redbox kiosks and components
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	$ 14,926,015	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	$ 18,535,824	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	$ 5,127,377	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	$ 3,794,296	$ 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

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Employee Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Employee Benefits
Employees' contributions	3%
Participant contribution	5%
Contribution to the Redbox 401(k) plan	$ 1.5	$ 0.6
Scenario One
Employee Benefits
Employers' contributions	100%
Employees' contributions	2%
Scenario Two
Employee Benefits
Employers' contributions	50%
Employees' contributions	4%

Business Combination - Purchase

Business Combination - Purchase Price Consideration Allocation (Details) - USD ($)		12 Months Ended
	Mar. 04, 2022	Dec. 31, 2023
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
Class A Common Stock | 1091 Media, LLC
Business Acquisition [Line Items]
Equity consideration	3,303,750
Series A Preferred Stock | 1091 Media, LLC
Business Acquisition [Line Items]
Equity consideration	$ 1,980,000
Common Stock | Class A Common Stock | Redbox Entertainment Inc.
Business Acquisition [Line Items]
Equity consideration		$ 65,828,719

Business Combination - Purcha_2

Business Combination - Purchase Price to Fair Value of Net Assets Acquired of Redbox (Details) - USD ($)	Dec. 31, 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
Redbox Entertainment Inc. | Amounts recognized as of acquisition date (as previously reported)
Assets acquired:
Cash, cash equivalents and restricted cash	12,921,550
Accounts receivable	17,704,843
Content library	21,241,822
Prepaid expenses and other assets	16,783,468
Property and equipment	15,504,940
Right-of-use assets	7,183,735
Intangible assets(1)	291,200,000
Goodwill	215,284,816
Total assets acquired	597,825,174
Liabilities assumed:
Debt	359,854,921
Accounts payable and accrued expenses	91,644,772
Operating lease liabilities	7,183,736
Financing lease liabilities	2,241,304
Other liabilities	66,895,293
Total liabilities assumed	527,820,026
Net assets acquired	70,005,148
Redbox Entertainment Inc. | Measurement period adjustments
Assets acquired:
Accounts receivable	51,607
Content library	(594,668)
Prepaid expenses and other assets	(343,566)
Goodwill	(3,352,082)
Total assets acquired	(4,238,709)
Liabilities assumed:
Accounts payable and accrued expenses	(4,238,709)
Total liabilities assumed	$ (4,238,709)

Business Combination - Purcha_3

Business Combination - Purchase Price to Fair Value of Net Assets Acquired of 1091 Pictures (Details) - USD ($)	Dec. 31, 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
Net assets acquired			$ 11,956,226

Business Combination - Addition

Business Combination - Additional Information (Details)				12 Months Ended
	Aug. 11, 2022 USD ($) shares	Aug. 10, 2022 USD ($)	Mar. 04, 2022 USD ($) country item shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Oct. 31, 2021
Exchange ratio				0.087
Contingent consideration				$ 5,245,384	$ 7,311,949
Net revenue				176,709,395	127,315,275
Net loss				(449,753,090)	(11,836,134)
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		$ 700,000
Purchase price consideration				70,005,148
Intangibles				291,200,000
Weighted-average useful life of intangible assets	14 years
Net revenue				151,046,990	86,322,726
Net loss				(454,028,894)	(35,870,971)
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
Fair value of RSUs	$ 2,900,000
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				25,662,405	40,992,549
Net loss				$ 4,275,804	$ 24,034,837
1091 Media, LLC | Minimum
Estimated useful lives			24 years
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
CSS AVOD Inc.
Percentage of shares of common stock				5%
Cash consideration				$ 11,500,000
Locomotive Global Inc.
Percentage of shares of common stock						51%

Business Combination - Standalo

Business Combination - Standalone financial performance (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net revenue	$ 176,709,395	$ 127,315,275
Net income (loss)	(449,753,090)	(11,836,134)
Redbox Entertainment Inc.
Net revenue	151,046,990	86,322,726
Net income (loss)	(454,028,894)	(35,870,971)
1091 Media, LLC
Net revenue	25,662,405	40,992,549
Net income (loss)	$ 4,275,804	$ 24,034,837

Business Combination - Pro Form

Business Combination - Pro Forma Revenue (Details) - Redbox Entertainment Inc.	12 Months Ended
	Dec. 31, 2022 USD ($)
Business Acquisition [Line Items]
Net revenue	$ 409,200,000
Net loss	$ (287,625,000)

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregates our revenue by major operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Net revenues	$ 294,406,894	$ 252,810,110
Revenue
Disaggregation of Revenue [Line Items]
Net revenues	$ 294,406,894	$ 252,810,110
Revenue | Customer Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage	100%	100%
VOD and streaming
Disaggregation of Revenue [Line Items]
Total revenue	$ 104,004,498	$ 144,484,749
VOD and streaming | Customer Concentration Risk [Member] | Revenue | Customer Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage	36%	57%
Retail
Disaggregation of Revenue [Line Items]
Total revenue	$ 112,795,918	$ 67,756,426
Retail | Revenue | Customer Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage	38%	27%
Licensing and other
Disaggregation of Revenue [Line Items]
Total revenue	$ 77,606,478	$ 40,568,935
Licensing and other | Customer Concentration Risk [Member] | Revenue | Customer Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage	26%	16%

Revenue Recognition - Contract

Revenue Recognition - Contract assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]
Accounts receivable, net	$ 10,948,965	$ 39,467,049
Contract assets (included in accounts receivable)	131,139,260	74,496,376
Total accounts receivable, net	142,088,225	113,963,425
Deferred revenue (included in accrued expenses)	18,588,944	$ 12,043,508
Revenue recognized from beginning balance within reporting period	$ 4,453,586

Revenue Recognition - Additiona

Revenue Recognition - Additional information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Net revenues	$ 294,406,894	$ 252,810,110
Revenue, Remaining Performance Obligation, Optional Exemption, Performance Obligation [true false]	true
Revenue, Practical Expedient, Incremental Cost of Obtaining Contract [true false]	true
Minimum
Disaggregation of Revenue [Line Items]
Contract receivable extension term	1 year
Maximum
Disaggregation of Revenue [Line Items]
Contract receivable extension term	5 years

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Options, Options Granted	0
Stock Option
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	1,377,339
Number of Stock Options, Options Granted		322,500
Number of Stock Options, Options Forfeited	(218,500)	(88,793)
Number of Stock Options, Options Exercised		(40,000)
Number of Stock Options, Options Expired		(60,000)
Number of Stock Options, Total outstanding at the end of the period	1,292,546	1,511,046	1,377,339
Number of Stock Options, Total vested and exercisable	938,292	889,623
Weighted Average Exercise Price, Beginning of period	$ 14.89	$ 16.13
Weighted Average Exercise Price, Granted		8.32
Weighted Average Exercise Price, Forfeited	19.27	19.27
Weighted Average Exercise Price, Exercised		7.54
Weighted Average Exercise Price, Expired		9.60
Weighted Average Exercise Price, End of period	14.41	14.89	$ 16.13
Weighted Average Exercise Price, Vested and Exercisable	$ 14.18	$ 14.02
Weighted Average Remaining Contract Term, Total outstanding	2 years 1 month 6 days	3 years 1 month 24 days	3 years 4 months 13 days
Weighted Average Remaining Contract Term, Options forfeited	16 years 7 months 13 days
Weighted Average Remaining Contract Term Exercise Price, Vested and Exercisable	1 year 9 months 7 days	2 years 7 months 13 days
Aggregate Intrinsic Value, Total outstanding Balance, Beginning of the period		$ 2,579,201
Aggregate Intrinsic Value, Total outstanding Balance, End of the period			$ 2,579,201

Share-Based Compensation - Weig

Share-Based Compensation - Weighted average assumptions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Valuation assumptions:
Expected equity volatility		80.70%
Expected term (years)		5 years
Risk-free interest rate		3.27%
Exercise price per stock option		$ 9.52
Market price per share		9.52
Weighted average fair value per stock option		$ 5.45
Number of Stock Options, Options Granted	0

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) $ in Millions			1 Months Ended	12 Months Ended
	Aug. 11, 2022 USD ($)	Jan. 01, 2017 shares	Jun. 30, 2022 shares	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) director	Dec. 31, 2022 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						$ 1.6
Number of directors receiving stock in-lieu of cash | director						2
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				$ 0.2	$ 1.4
Straight-line [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense recognized						$ 1.8	$ 3.4
Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense recognized						$ 0.3	$ 0.3
Redbox Entertainment Inc. | Selling, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accelerated stock based compensation expense	$ 2.2

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net loss available to common stockholders	$ (636,551,384)	$ (111,290,202)
Basic weighted-average common shares outstanding	28,467,334	17,261,460
Weighted-average diluted common shares outstanding	28,467,334	17,261,460
Basic loss per share	$ (22.36)	$ (6.45)
Diluted loss per share	$ (22.36)	$ (6.45)
Stock Options And Warrants [Member]
Anti-dilutive stock options or warrants	0	356,969

Content Assets, net (Details)

Content Assets, net (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Content Assets [Abstract]
Programming costs released	$ 34,311,305	$ 31,081,500
In production		806,009
In development	8,089,560	8,377,649
Less: accumulated amortization	(41,630,180)	(31,651,552)
Programming costs, net	770,685	8,613,606
Film library acquisition costs	242,143,403	208,982,878
Less: accumulated amortization	(181,745,110)	(125,967,305)
Film library costs, net	60,398,293	83,015,573
Programming rights	63,001,943	56,288,723
Less: accumulated amortization	(52,556,827)	(21,827,394)
Programming rights, net	10,445,116	34,461,329
Content assets, net	71,614,094	126,090,508
Television Programming Costs Impairment, Original Productions	10,352,207	10,352,207
Television Programming Costs Impairment, Acquired Film Library	30,274,236	8,595,099
Licensed Programming Rights	0	0
Content asset impairment	$ 21,679,137	$ 9,152,452

Content Assets, net - Amortizat

Content Assets, net - Amortization (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Content Assets [Abstract]
Original productions	$ 9,978,628	$ 4,080,670
Film library	34,098,668	40,269,681
Licensed program rights	30,729,433	21,020,971
Content asset impairment	21,679,137	9,152,452
Total content asset amortization	$ 96,485,866	74,523,774
Content asset impairment charges of original programs nnd film distribution rights, decreased monetization		$ 9,200,000

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill - Finite-lived (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023
Gross Carrying Amount	$ 330,501,801	$ 330,501,801
Accumulated Amortization	26,576,092	52,156,285
Impairment of definite intangible assets	3,500,000	242,407,870
Indefinite lived intangible assets accumulated impairment		5,000,000
Impairment of Intangible Assets	3,500,000	247,407,870
Net Carrying Amount	300,425,709	35,937,646
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	305,425,709	35,937,646
Intangible Assets, Net (Excluding Goodwill)	260,700,000	120,500,000
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	9,739,341	12,157,467
Impairment of definite intangible assets		6,649,537
Net Carrying Amount	9,067,663
Crackle Plus partner agreements
Gross Carrying Amount	4,005,714	4,005,714
Accumulated Amortization	2,904,143	3,705,285
Impairment of definite intangible assets		300,429
Net Carrying Amount	1,101,571
Distribution network
Gross Carrying Amount	3,600,000	3,600,000
Accumulated Amortization	1,900,000	3,100,000
Net Carrying Amount	1,700,000	500,000
Locomotive contractual rights
Gross Carrying Amount	1,206,870	1,206,870
Accumulated Amortization	484,477	886,767
Net Carrying Amount	722,393	320,103
1091 intangible asset
Gross Carrying Amount	2,810,000	2,810,000
Accumulated Amortization	861,111	1,894,444
Net Carrying Amount	1,948,889	915,556
Trade names and trademarks
Gross Carrying Amount	82,700,000	82,700,000
Accumulated Amortization	2,067,500	6,628,240
Impairment of definite intangible assets		52,798,000
Net Carrying Amount	80,632,500	23,273,760
Technology
Gross Carrying Amount	30,800,000	30,800,000
Accumulated Amortization	1,650,000	5,317,606
Impairment of definite intangible assets		17,150,000
Net Carrying Amount	29,150,000	8,332,394
Customer Relationships
Gross Carrying Amount	177,700,000	177,700,000
Accumulated Amortization	5,261,250	16,025,417
Impairment of definite intangible assets		160,103,750
Net Carrying Amount	172,438,750	1,570,833
Popcornflix brand value
Gross Carrying Amount	7,163,943	7,163,943
Accumulated Amortization		732,789
Impairment of definite intangible assets	3,500,000	5,406,154
Net Carrying Amount	3,663,943	1,025,000
Impairment of definite intangible assets	3,500,000
Chicken Soup for the Soul Brand
Indefinite lived intangible assets accumulated impairment		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 ($)	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 6,008,065
2025	4,157,686
2026	3,429,631
2027	3,429,631
2028	3,173,381
Beyond	15,739,252
Amortization expense	$ 35,937,646	$ 300,425,709

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill - Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill, Beginning Balance	$ 260,748,057
Accumulated impairment losses	(136,900,000)
Goodwill, Ending Balance	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	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
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	$ 211,932,734	$ 79,125,998

Intangible Assets and Goodwil_5

Intangible Assets and Goodwill - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)
Amortization expense	$ 25,600,000	$ 15,100,000
Intangible assets	120,500,000	260,700,000
Goodwill	$ 120,494,059	260,748,057
Number of reporting units | segment	3
Goodwill and intangible asset impairment	$ 380,809,786	3,500,000
Impairment of intangible assets	243,900,000
Goodwill, Impairment Loss	136,900,000
Digital reporting unit
Goodwill	136,200,000
Retail reporting unit
Goodwill	79,100,000
Redbox Entertainment Inc.
Goodwill	211,932,734	79,125,998
Goodwill, Impairment Loss	75,773,916
Redbox Entertainment Inc. | Amounts recognized as of acquisition date (as previously reported)
Goodwill	$ 215,284,816
Popcornflix brand value
Impairment of definite intangible assets		$ 3,500,000
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]	Business Combination, Acquisition Related Costs
Useful lives	5 years
Goodwill, Impairment Loss	$ 0

Leases - Balance sheet (Details

Leases - Balance sheet (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Right-of-Use Assets
Operating lease right-of-use assets	$ 10,721,375	$ 16,315,342
Lease Liabilities:
Operating lease liabilities	13,570,976	18,079,469
Finance Lease cost
Amortization of right-of-use assets	1,743,370	827,191
Interest of lease liabilities	172,888	35,633
Total finance lease cost	$ 1,916,258	$ 862,824
Operating leases, weighted average remaining lease term (in years)	5 years	5 years 10 months 24 days
Operating leases, weighted average discount rate (as percentage)	12%	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)	6%	4%

Leases - Future payments of ope

Leases - Future payments of operating and finance lease liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Operating
2024	$ 5,333,922
2025	3,981,337
2026	2,104,048
2027	1,643,022
2028	1,495,221
Thereafter	3,735,105
Total minimum payments	18,292,655
Less amounts representing interest	(4,721,679)
Present value of minimum payments	13,570,976	$ 18,079,469
Financing
2024	1,814,953
2025	1,561,380
2026	1,213,515
2027	261,544
Total minimum payments	4,851,392
Less amounts representing interest	(469,080)
Present value of minimum payments	$ 4,382,312
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities.

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Rent expenses	$ 7.4	$ 4.2
Cash paid for operating lease	3.5	3.1
Operating lease expense	$ 4.6	$ 3

Debt - Schedule (Details)

Debt - Schedule (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Total gross debt	$ 562,391,661	$ 500,180,004
Less: debt issuance costs and discounts	(16,186,461)	(20,526,393)
Total debt, net	546,205,200	479,653,611
Less: current portion	(34,588,027)	(18,798,515)
Total long-term debt, net	511,617,173	460,855,096
HPS Term Loan
Total gross debt	382,911,682	335,342,705
HPS Revolving Loan
Total gross debt	94,070,501	82,362,336
Film Acquisition Advance
Total gross debt	29,105,770	27,837,565
MUFG Bank Film Financing Facility
Total gross debt	5,969,896	6,577,243
9.50% Notes Due 2025
Total gross debt	44,855,900	44,855,900
Film Acquisition Advance
Other debt	5,477,912	3,204,255
Total debt, net	$ 6,400,000	$ 6,100,000

Debt - Future principal payment

Debt - Future principal payments (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
2024	$ 34,588,016
2025	143,551,002
2026	1,100,753
2027	383,151,890
Total debt	$ 562,391,661	$ 500,180,004

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)								12 Months Ended
	Sep. 19, 2022	Aug. 11, 2022	May 05, 2022	May 21, 2021	Dec. 29, 2020	Aug. 27, 2020	Jul. 17, 2020	Dec. 31, 2023	Dec. 31, 2022	Apr. 20, 2022	Apr. 15, 2022	Jan. 31, 2022	Dec. 22, 2020	Aug. 05, 2020
Outstanding debt								$ 562,391,661	$ 500,180,004
Payment of interest due								59,277,142
Adjustment for Class W warrants issued									14,920,068
Outstanding balance								$ 546,205,200	479,653,611
HPS Credit Agreement
Debt instrument interest payment term								18 months
Outstanding debt								$ 477,000,000
PIK interests								71,200,000
Additional amount of PIK interest								59,300,000
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								$ 94,100,000
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%	7.25%
Interest rate		1%
Line of credit interest rate at period		10.30%
Percentage of interest rate on additional borrowings	10.85%
Revolving Loan.
Interest rate				0.75%
Revolving Loan. | LIBOR
Interest rate				4%
Revolving Loan. | Midcap Financial Trust, Credit Agreement
Original principal amount				$ 30,000,000
Amount withdrawn				$ 18,272,931
Percentage of loan available with respect to borrowing base				85%
Unused line fee percentage				0.50%
Collateral management fee percentage				0.504%
Minimum cash liquidity				$ 6,000,000
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								2,900,000	3,400,000
MUFG Bank Film Financing Facility
Additional borrowing capacity								0
Outstanding debt								5,969,896	6,577,243
Commitment fee on term loan					$ 0.0050
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								$ 5,900,000	$ 6,600,000
Line of credit interest rate at period								8.20%	7.10%
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					6 months
MUFG Bank Film Financing Facility | Base Rate
Margin on base rate					0.01%
MUFG Bank Film Financing Facility | LIBOR
Margin on base rate					0.005%
MUFG Bank Film Financing Facility | Fed Funds Effective Rate Overnight Index Swap Rate
Margin on base rate					0.01%
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				$ 21,000,000			$ 10,400,000				$ 1,100,000
Interest rate							9.50%	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
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%
Long-term debt term						2 years
Outstanding balance								$ 6,400,000	6,100,000
Percentage of interest accruing								15%
Film Acquisition Advance | Media Entertainment Partners
Original principal amount												$ 26,900,000
Interest rate												12%
Long-term debt term												30 months
Outstanding balance								$ 22,700,000
Period for reacquiring film rights								6 years
Commercial Loan
Repayments of commercial loan							$ 13,333,333
Term Loan | HPS Credit Agreement
Outstanding debt								$ 382,900,000
Debt instrument term		5 years
Line of credit		$ 325,800,000
Class A Common Stock
Proceeds from issuance of Class A common stock								$ 18,599,373	$ 3,630,467

Put Option Obligation (Details)

Put Option Obligation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Feb. 28, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Put option obligation	$ 3,693,337		$ 11,400,000
CSS AVOD Inc.
Business Acquisition [Line Items]
Percentage of shares of common stock	5%
Cash consideration	$ 11,500,000
Notice period	60 days
Election period	3 years
CSS AVOD Inc. | Midcap Capital Fund, LLC
Business Acquisition [Line Items]
Percentage of shares of common stock	100%	5%
Cash consideration	$ 7,706,633
Consideration payable	3,793,337	$ 11,500,000
CSS AVOD Inc. | Put Option
Business Acquisition [Line Items]
Put option obligation	3,793,337
CSS AVOD Inc. | Put Option | Parent
Business Acquisition [Line Items]
Put option obligation	3,693,337
CSS AVOD Inc. | Put Option | Noncontrolling Interests
Business Acquisition [Line Items]
Put option obligation	$ 100,000

Income Taxes - Current and Defe

Income Taxes - Current and Deferred Income Tax Provision (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Current provision:
Federal	$ 16,296
States	228,522	$ (343,361)
Total current provision	244,818	(343,361)
Deferred provision:
Deferred income tax benefit	(5,948,090)	(36,957,881)
Total deferred benefit	(5,948,090)	(36,957,881)
Total income tax benefit	$ (5,703,272)	$ (37,301,242)

Income Taxes - Income Tax Recon

Income Taxes - Income Tax Reconciliation (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Federal statutory rate of 21%	21%	21%
Increase (decrease) resulting from:
State and local taxes	4.25%	4.40%
Valuation Allowance	(18.97%)	3.30%
Transaction Costs		(0.90%)
Impairment	(5.30%)
Other	(0.08%)	(1.00%)
Actual tax provision	0.90%	26.80%

Income Taxes - Deferred taxes (

Income Taxes - Deferred taxes (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Net operating loss carry-forwards	$ 64,385,856	$ 36,323,046
Section 163(j) carryover	25,110,095	6,325,013
ROU liabilities	3,411,689	4,582,241
Compensatory accruals	2,642,369	3,228,997
ARO liabilities	3,588,499	3,461,123
Other liabilities	4,260,392	3,800,018
Property plant & equipment	4,642,718	3,374,008
Film library and other intangibles	31,298,536	18,608,104
Other liabilities	9,378,778
Total deferred tax assets	148,718,932	79,702,550
Valuation allowance	(144,519,757)	(25,291,302)
Deferred tax liabilities:
ROU assets	(2,695,311)	(4,135,123)
Intangible assets		(51,706,018)
Indefinite lived intangibles		(2,195,876)
Goodwill	(594,165)	(987,618)
Other assets	(909,699)	(1,334,703)
Total deferred tax liabilities	(4,199,175)	(60,359,338)
Valuation allowance	(144,519,757)	(25,291,302)
Net deferred tax asset (liabilities)	$ 0	$ (5,948,090)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net operating losses	$ 258,000,000	$ 10,800,000
Operating loss carryforwards with no expiration	$ 247,200,000
Percentage of operating loss carryforwards offset on taxable income	80
Deferred tax asset valuation allowance	$ 119,200,000	$ (6,100,000)
Effective income tax rate	0.90%	26.80%
Federal statutory rate of 21%	21%	21%
Deferred tax liability	$ 4,199,175	$ 60,359,338
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 119,200,000	$ (6,100,000)
Redbox Entertainment Inc.
Effective income tax rate	0.90%	26.80%
Federal statutory rate of 21%	21%

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized Tax Benefits, Beginning Balance	$ 123,168
Adjustments for accrual to return differences	(86,192)
Additions based on tax positions related to the current year		$ 86,192
Additions for tax positions related to prior years		36,976
Reductions for tax positions related to prior years	(27,246)
Unrecognized Tax Benefits, Ending Balance	9,730	123,168
Accrued interest and penalties	0	0
Unrecognized tax benefits that would impact effective tax rate	$ 0	$ 100,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Related Party Transactions [Abstract]
Due to affiliated companies	$ 5,537,842	$ 3,778,936

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)	1 Months Ended		12 Months Ended
	Mar. 31, 2023	Aug. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Percentage of revenue fees earned applied to limited revenue categories		10%
Share Price				$ 9.52
Management And License Fees			$ 18,419,974	$ 18,400,648
Accounts Receivable, Net			$ 142,088,225	113,963,425
Quarterly management fees as a percent of net revenue			5%
Period prior to end of current term that notice must be received to terminate			90 days
CSS
Related Party Transaction [Line Items]
Percentage of voting interest by parent			79.20%
Percentage of revenue earned paid to related party			10%
CSS management agreement and CSS license agreement
Related Party Transaction [Line Items]
Aggregate fees payable under the management and license agreement	$ 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
Share Price			$ 3.05
Value of shares issuable in lieu of payments			$ 6,600,000
Management Agreement
Related Party Transaction [Line Items]
Agreement term			5 years
Agreement renewal term			1 year
CSS
Related Party Transaction [Line Items]
License and marketing support fee expense			$ 9,200,000	9,200,000
CSS | License Agreement
Related Party Transaction [Line Items]
Quarterly license fee as a percent of net revenue			4
Quarterly marketing fees as a percent of net revenue			1%
CSS | Management and license fees
Related Party Transaction [Line Items]
Management And License Fees			$ 9,200,000	9,200,000
Minority Shareholders Of Subsidiary
Related Party Transaction [Line Items]
Revenues			0	0
Accounts Receivable, Net			$ 3,500,000	$ 4,800,000
Class A common stock
Related Party Transaction [Line Items]
Common Stock, Shares, Outstanding			24,733,697	13,198,720
Class A common stock | CSS management agreement and CSS license agreement
Related Party Transaction [Line Items]
Shares issued			2,025,927
Fees payable through issuance of common stock			$ 6,200,000
Class A common stock | CSS
Related Party Transaction [Line Items]
Shares issued			3,668,942
Class A common stock | CSS | Management and license fees
Related Party Transaction [Line Items]
Shares issued			2,025,927
Class B Common Stock
Related Party Transaction [Line Items]
Common Stock, Shares, Outstanding			7,654,506	7,654,506
Class B Common Stock | CSS
Related Party Transaction [Line Items]
Noncontrolling interests percent			100%
Common Stock | CSS
Related Party Transaction [Line Items]
Noncontrolling interests percent			35%
Common Stock | Class A common stock
Related Party Transaction [Line Items]
Shares issued			8,899,581	456,573

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Programming obligations	$ 67,573,966	$ 55,883,788
Contingent consideration	5,245,384	7,311,949
BBC v. Screen Media and CSSE
Loss contingency, damages sought, value	9,000,000
Loss contingency accrual	7,400,000
SPHE Scan Based Trading v. CSSE, Redbox and Crackle Plus
Loss contingency, estimate of possible loss	$ 23,800,000
SPHE Scan Based Trading v. CSSE, Redbox and Crackle Plus | Maximum
Loss contingency, damages sought	$30
Universal City Studios v. Redbox, Superior Court of Los Angeles County | Maximum
Loss contingency, damages sought, value	$ 16,800,000
Content Acquisition, Licensing And Production
Content obligation	161,900,000	124,300,000
Library acquisition	46,000,000	39,800,000
Programming obligations	67,600,000	55,800,000
Minimum estimated content commitments	48,300,000	$ 28,700,000
Contingent consideration	5,300,000
CSS AVOD Inc.
Cash consideration	$ 11,500,000
Percentage of shares of common stock	5%
Commencement period	18 months

Commitments and Contingencies_2

Commitments and Contingencies - Future minimum payments (Details) - Acquisition of Content and Distribution Rights	Dec. 31, 2023 USD ($)
Other Commitments [Line Items]
2024	$ 25,865,517
Minimum estimated content payments	$ 25,865,517

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details)

12 Months Ended

Apr. 03, 2023 USD ($) $ / shares shares

Mar. 12, 2023 USD ($)

Aug. 11, 2022 shares

Jun. 30, 2022 shares

Jun. 29, 2022 shares

Mar. 04, 2022 shares

Mar. 03, 2022 USD ($) shares

Sep. 08, 2021 USD ($) shares

Dec. 31, 2023 USD ($) Vote D director $ / shares shares

Dec. 31, 2022 USD ($) $ / shares shares

Feb. 25, 2022 USD ($)

Feb. 24, 2022 USD ($)

Sep. 07, 2021

Number of shares authorized | shares

200,000,000

100,000,000

Preferred stock, shares authorized | shares

40,000,000

Stock repurchase program, shares authorized value

$ 3,474,299

$ 30,000,000

$ 10,000,000

Stock Repurchased During Period, Value

30,000,000

Issuance of common stock, net

17,187,694

$ 3,630,467

Stock issued for management fees

$ 6,179,075

Stock issued to directors in lieu of cash | director

2

Exchange ratio

0.087

Acquisition of noncontrolling interests

(749,992)

Elimination of noncontrolling interests

$ 2,199,992

Market price per share | $ / shares

$ 9.52

Landmark Studios Group

Sale of stock consideration payable

$ 1,450,000

Term of sale of stock consideration payable

2 years

Elimination of noncontrolling interests

$ 2,200,000

Redbox Entertainment Inc.

Exchange ratio

0.087

Director

Stock issued for management fees (in shares) | shares

35,714

Stock issued for management fees

$ 42,500

At the Market Offering

Proceeds from sale of stock

$ 5,820,404

$ 3,706,926

Dividend percentage (as a percent)

9.75%

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

Common Units [Member]

Shares issued | shares

25,000

Acquisition of noncontrolling interests

$ (6,000,000)

HPS

Term of warrants

5 years

Number of securities called by warrants or rights | shares

1,011,530

Redbox warrants

Warrants Classified as Liabilities, Warrants Assumed | shares

15,841,930

Warrants Classified as Liabilities, Price Per Share Prior To Assumptions | $ / shares

$ 11.50

Warrants Classified as Liabilities, Warrant Conversion Into Share Ratio

11.494

Warrants Classified as Liabilities, Exchange Ratio

0.087

Term of warrants

5 years

Warrant price | $ / shares

$ 2.52

Fair market value of warrants per warrant

$ 0.01

Fair market value of warrants

9,923

Warrants and rights outstanding

$ 3,473,184

Number of securities called by each warrants or rights | shares

1

Fair value adjustment of warrants

$ 15,299

Redbox Public (CSSEL)

Warrants Classified as Liabilities, Aggregate Exercise Price | $ / shares

$ 132.18

Warrant redemption price per share | $ / shares

$ 0.01

Warrant redemption term

30 days

Number of securities called by each warrants or rights | shares

1

Class A Common Stock

Common stock, shares authorized | shares

140,000,000

140,000,000

140,000,000

Proceeds from issuance of common stock

$ 18,599,373

$ 3,630,467

Common stock voting rights

one

Number of votes per share | Vote

1

Preferred stock number of votes | Vote

0

Number of members that may be added to the board of directors if preferred dividends in arrears for extended period | director

2

Period of consecutive or non-consecutive periods the dividends payable in arrears will allow for the addition of members to the board of directors by the holders of the Series A Preferred stock

18 months

Class A Common Stock | Landmark Studios Group

Acquisition of subsidiary noncontrolling interest (in shares) | shares

84,000

Class A Common Stock | Redbox Entertainment Inc.

Number of shares issued in business acquisition | shares

4,662,195

Class A Common Stock | 1091 Media, LLC

Number of shares issued in business acquisition | shares

375,000

Class A Common Stock | At the Market Offering

Shares issued | shares

3,375,897

376,163

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

Shares issued | shares

3,668,942

Class A Common Stock | CSS | Management and license fees

Shares issued | shares

2,025,927

Issuance of common stock, net

$ 6,179,075

Class A Common Stock | CSS | Public Offering | Management and license fees

Aggregate fees payable under the management and license agreement

$ 3,800,000

Class A Common Stock | Redbox Public (CSSEL)

Common stock at a price | $ / shares

$ 206.90

Number of trading days | D

20

Number of trading days prior to notice of redemption | D

30

Class B Common Stock

Common stock, shares authorized | shares

20,000,000

20,000,000

20,000,000

Number of votes per share | Vote

10

Preferred Stock | 1091 Media, LLC

Number of shares issued in business acquisition | shares

80,000

Preferred Stock | At the Market Offering

Shares issued | shares

718,027

Proceeds from sale of stock

$ 16,699,901

Series A Preferred Stock

Preferred stock, shares authorized | shares

10,000,000

10,000,000

10,000,000

Series A Preferred Stock | At the Market Offering

Shares issued | shares

1,198,965

Proceeds from sale of stock

$ 18,774,269

Landmark Studios Group

Noncontrolling interests percent

100%

78.50%

Stock Repurchase Program | Class A Common Stock

Number of stock repurchased | shares

1,410,036

Market price per share | $ / shares

$ 9.90

Stockholders' Equity - Warrants

Stockholders' Equity - Warrants (Details)	12 Months Ended
	Dec. 31, 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	11 months 23 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	6 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	4 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	4 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	4 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	4 months 13 days
HPS
Class of Warrant or Right [Line Items]
Weighted Average Exercise Price | $ / shares	$ 0.0001
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	2 years 9 months 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	2 years 9 months 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 and Geographic Inform_2

Segment and Geographic Information (Details) - segment	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Number of reportable segments	1
Sales Revenue, Net [Member] | UNITED STATES | Customer Concentration Risk
Concentration risk percentage	83%	95%

Customer Concentrations (Detail

Customer Concentrations (Details) - Customer Concentration Risk	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Customer A | Accounts Receivable
Concentration Risk, Percentage	32%
Customer A | Revenue
Concentration Risk, Percentage	14%
Customer B | Accounts Receivable
Concentration Risk, Percentage	27%
Customer B | Revenue
Concentration Risk, Percentage	11%
Customer C | Accounts Receivable
Concentration Risk, Percentage		14%
Customer D | Accounts Receivable
Concentration Risk, Percentage		12%

Subsequent Events (Details)

Subsequent Events (Details)

1 Months Ended

12 Months Ended

Apr. 30, 2024 USD ($)

Mar. 25, 2024 letter

Jan. 30, 2024 USD ($)

Jan. 19, 2024 USD ($)

Apr. 30, 2024 USD ($)

Apr. 19, 2024 USD ($)

Dec. 31, 2023

Apr. 01, 2024 USD ($)

Jan. 09, 2024

Jan. 05, 2024 USD ($)

Jan. 02, 2024 USD ($)

Mar. 31, 2023 USD ($)

Dec. 31, 2022

Apr. 20, 2022

Jul. 17, 2020

Content Licensing Agreement

Subsequent Events

Outstanding accounts receivable

$ 50,000,000

9.50% Notes Due 2025

Subsequent Events

Interest rate (as a percent)

9.50%

9.50%

9.50%

9.50%

Series A Cumulative Redeemable Perpetual Preferred Stock

Subsequent Events

Dividend percentage (as a percent)

9.75%

Subsequent Event

Subsequent Events

Number of notice received | letter

3

Subsequent Event | Proposed Mutual Forbearance Agreement [Member]

Subsequent Events

Forbearance Period

60 days

Proposed Transactions, Proposed Sublicense Amount

$ 50,000,000

Proposed Transactions, Third Party Agreement Amount

125,000,000

Proposed Transactions, agreement with third party line of credit

65,000,000

Proposed Transactions, equipment lease

$ 60,000,000

Subsequent Event | 9.50% Notes Due 2025

Subsequent Events

Interest rate (as a percent)

9.50%

9.50%

Dividend percentage (as a percent)

9.75%

Subsequent Event | 9.50% Notes Due 2025 | U.S. Bank National Association

Subsequent Events

Interest rate (as a percent)

9.50%

9.50%

Special payment

$ 1,074,042.20

$ 1,074,042.20

$ 1,074,042.20

$ 1,074,042.20

Interest payable

$ 1,065,327.23

$ 1,065,327.23

$ 1,065,327.23

Interest payable on interest

$ 8,714.97

$ 8,714.97

Subsequent Event | Series A Cumulative Redeemable Perpetual Preferred Stock

Subsequent Events

Cash dividend payment

$ 1,200,000

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (622,515,636)	$ (101,544,252)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false