CuriosityStream (CURI) 10-Q 10 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Nov. 09, 2022
Document Information [Line Items]
Entity Registrant Name	CURIOSITYSTREAM INC.
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		52,806,115
Amendment Flag	false
Entity Central Index Key	0001776909
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Sep. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-39139
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-1797523
Entity Address, Address Line One	8484 Georgia Ave
Entity Address, Address Line Two	Suite 700
Entity Address, City or Town	Silver Spring
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20910
City Area Code	301
Local Phone Number	755-2050
Entity Interactive Data Current	Yes
Common Stock [Member]
Document Information [Line Items]
Trading Symbol	CURI
Title of 12(b) Security	Common Stock, par value $0.0001
Security Exchange Name	NASDAQ
Warrant [Member]
Document Information [Line Items]
Trading Symbol	CURIW
Title of 12(b) Security	Warrants, each exercisable for one share of Common Stock at an exercise price of $11.50 per share
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 46,826	$ 15,216
Restricted cash	500	2,331
Short-term investments in debt securities	16,947	65,833
Accounts receivable, net	17,151	23,493
Other current assets	1,561	6,413
Total current assets	82,985	113,286
Investments in debt securities		15,430
Investments in equity method investees	11,045	9,987
Property and equipment, net	1,183	1,342
Content assets, net	74,901	72,682
Intangibles, net	283	1,369
Goodwill		2,793
Operating lease right-of-use assets	3,769
Other assets	546	689
Total assets	174,712	217,578
Current liabilities
Content liabilities	4,978	9,684
Accounts payable	7,594	3,428
Accrued expenses and other liabilities	7,463	12,429
Deferred revenue	17,786	22,430
Total current liabilities	37,821	47,971
Warrant liability	809	5,661
Non-current operating lease liabilities	4,735
Other liabilities	866	2,011
Total liabilities	44,231	55,643
Stockholders' equity (deficit)
Common stock, $0.0001 par value – 125,000 shares authorized as of September 30, 2022 and December 31, 2021; 52,802 shares issued and outstanding as of September 30, 2022; 52,677 issued and outstanding as of December 31, 2021	5	5
Additional paid-in capital	357,211	352,334
Accumulated other comprehensive loss	(182)	(222)
Accumulated deficit	(226,553)	(190,182)
Total stockholders' equity (deficit)	130,481	161,935
Total liabilities and stockholders' equity (deficit)	$ 174,712	$ 217,578

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares shares in Thousands	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	125,000	125,000
Common stock, shares issued	52,802	52,677
Common stock, shares outstanding	52,802	52,677

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Revenues	$ 23,569	$ 18,705	$ 63,544	$ 43,985
Operating expenses
Cost of revenues	13,566	9,553	38,404	19,433
Advertising and marketing	5,626	9,320	31,602	33,089
General and administrative	8,757	8,058	29,863	25,943
Impairment of goodwill and intangible assets			3,603
Total operating expenses	27,949	26,931	103,472	78,465
Operating loss	(4,380)	(8,226)	(39,928)	(34,480)
Change in fair value of warrant liability	514	8,345	4,852	6,323
Interest and other (expense) income	(478)	595	(564)	1,891
Equity interests (loss) income	(94)	165	(566)	165
(Loss) income before income taxes	(4,438)	879	(36,206)	(26,101)
Provision for income taxes	64	49	165	128
Net (loss) income	$ (4,502)	$ 830	$ (36,371)	$ (26,229)
Net (loss) income per share
Basic (in Dollars per share)	$ (0.09)	$ 0.02	$ (0.69)	$ (0.51)
Diluted (in Dollars per share)	$ (0.09)	$ (0.14)	$ (0.69)	$ (0.63)
Weighted average number of common shares outstanding
Basic (in Shares)	52,793	52,593	52,773	51,091
Diluted (in Shares)	52,793	52,677	52,773	51,736

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (4,502)	$ 830	$ (36,371)	$ (26,229)
Other comprehensive income (loss)
Unrealized gain (loss) on available for sale securities	270	(200)	40	(1,423)
Total comprehensive (loss) income	$ (4,232)	$ 630	$ (36,331)	$ (27,652)

Consolidated Statements of Stoc

Consolidated Statements of Stockholder's Equity (Deficit) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Balance at Dec. 31, 2020	$ 44,974	$ 4	$ 197,507	$ 10	$ (152,547)
Balance (in Shares) at Dec. 31, 2020		40,289
Net loss	(26,229)				(26,229)
Stock-based compensation, net	5,357		5,357
Stock-based compensation, net (in Shares)		12
Issuance of Common Stock	94,101	$ 1	94,100
Issuance of Common Stock (in Shares)		7,475
Common Stock issuance costs	(707)		(707)
Exercise of Options	497		497
Exercise of Options (in Shares)		118
Exercise of Warrants	54,422		54,422
Exercise of Warrants (in Shares)		4,733
Cancellation of escrow shares
Cancellation of escrow shares (in Shares)		(20)
Other comprehensive income (loss)	(1,423)			(1,423)
Balance at Sep. 30, 2021	170,992	$ 5	351,176	(1,413)	(178,776)
Balance (in Shares) at Sep. 30, 2021		52,607
Balance at Jun. 30, 2021	168,783	$ 5	349,597	(1,213)	(179,606)
Balance (in Shares) at Jun. 30, 2021		52,583
Net loss	830				830
Stock-based compensation, net	1,519		1,519
Stock-based compensation, net (in Shares)		9
Exercise of Options	60		60
Exercise of Options (in Shares)		15
Other comprehensive income (loss)	(200)			(200)
Balance at Sep. 30, 2021	170,992	$ 5	351,176	(1,413)	(178,776)
Balance (in Shares) at Sep. 30, 2021		52,607
Balance at Dec. 31, 2021	161,935	$ 5	352,334	(222)	(190,182)
Balance (in Shares) at Dec. 31, 2021		52,677
Net loss	(36,371)				(36,371)
Stock-based compensation, net	4,877		4,877
Stock-based compensation, net (in Shares)		125
Other comprehensive income (loss)	40			40
Balance at Sep. 30, 2022	130,481	$ 5	357,211	(182)	(226,553)
Balance (in Shares) at Sep. 30, 2022		52,802
Balance at Jun. 30, 2022	133,057	$ 5	355,555	(452)	(222,051)
Balance (in Shares) at Jun. 30, 2022		52,786
Net loss	(4,502)				(4,502)
Stock-based compensation, net	1,656		1,656
Stock-based compensation, net (in Shares)		16
Other comprehensive income (loss)	270			270
Balance at Sep. 30, 2022	$ 130,481	$ 5	$ 357,211	$ (182)	$ (226,553)
Balance (in Shares) at Sep. 30, 2022		52,802

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net loss		$ (36,371)	$ (26,229)
Adjustments to reconcile net loss to net cash used in operating activities
Change in fair value of warrant liability		(4,852)	(6,323)
Additions to content assets		(31,729)	(40,954)
Change in content liabilities		(4,706)	5,390
Amortization of content assets		29,510	14,143
Depreciation and amortization expenses		573	403
Impairment of goodwill and intangible assets		3,603
Amortization of premiums and accretion of discounts associated with investments in debt securities, net		1,087	638
Stock-based compensation		5,055	5,446
Equity interests loss (income)		566	(165)
Other non-cash items		288
Changes in operating assets and liabilities
Accounts receivable		6,342	(6,046)
Other assets		4,994	274
Accounts payable		4,188	1,943
Accrued expenses and other liabilities		(4,792)	641
Deferred revenue		(4,500)	9,042
Net cash used in operating activities		(30,744)	(41,797)
Cash flows from investing activities
Purchases of property and equipment		(130)	(291)
Business acquisitions			(5,362)
Investment in equity method investees		(2,438)	(9,260)
Payment of transaction costs - equity investments		0	(304)
Sales of investments in debt securities		22,893	15,676
Maturities of investments in debt securities		41,873	50,792
Purchases of investments in debt securities		(1,497)	(151,861)
Net cash provided by (used in) investing activities		60,701	(100,610)
Cash flows from financing activities
Exercise of stock options			497
Exercise of warrants			54,898
Payments related to tax withholding		(178)	(89)
Proceeds from issuance of Common Stock			94,101
Payment of offering costs			(707)
Net cash (used in) provided by financing activities		(178)	148,700
Net increase in cash, cash equivalents and restricted cash		29,779	6,293
Cash, cash equivalents and restricted cash, beginning of period		17,547	17,384
Cash, cash equivalents and restricted cash, end of period		47,326	23,677
Supplemental disclosure:
Cash paid for taxes		571	31
Cash paid for operating leases		352	173
Right-of-use assets obtained in exchange for new operating lease liabilities	[1]	$ 3,965
[1]Includes adoption of new leasing guidance effective January 1, 2022. See Note 12 for further details.

Organization and Business

Organization and Business	9 Months Ended
	Sep. 30, 2022
Organization and Business [Abstract]
Organization and business	Note 1 — Organization and business The principal business of CuriosityStream Inc. (the “Company” or “CuriosityStream”) is to provide customers with access to high quality factual content via a direct subscription video on-demand The Company’s content assets are available directly through its owned and operated website (“O&O Service”), mobile applications developed for iOS and Android operating systems (“App Services”), and via the platforms and systems of third-party partners in exchange for license fees. The Company offers subscribers a monthly or annual subscription. The price for a subscription varies depending on the streaming resolution (e.g., HD or 4K) and the length of the subscription (e.g., monthly or annual) selected by the customer. As an additional part of the Company’s App Services, it has built applications to make its service accessible on almost every major customer device, including streaming media players like Roku, Apple TV and Amazon Fire TV, all major smart TV brands (e.g., LG, Vizio, Samsung, Sony) and gaming consoles. In addition, CuriosityStream has affiliate agreement relationships with, and its content assets are available through, certain multichannel video programming distributors (“MVPDs”) and virtual MVPDs (“vMVPDs”). The Company also has distribution agreements which grant other media companies certain distribution rights to the Company’s programs, referred to as content licensing deals. The Company also sells selected rights (such as in territories or on platforms that are not currently being exploited by the Company) to content created before production begins.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of presentation and summary of significant accounting policies	Note 2 — Basis of presentation an d summary of significant accounting policies Basis of presentation The accompanying unaudited consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) and are consistent in all material respects with those applied in the Company’s consolidated financial statements as of and for the year ended December 31, 2021. In the opinion of management, the unaudited consolidated financial statements include all adjustments of a normal recurring nature necessary for the fair presentation of the Company’s financial position, results of operations, and cash flows. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes and Management’s Discussion and Analysis of Financial Condition, and Results of Operations 10-K There have been no material changes in the Company’s significant accounting policies other than the effects of adopting new accounting guidance related to leases (see below) compared to the significant accounting policies described in the Company’s consolidated financial statements as of and for the year ended December 31, 2021. Use of estimates The preparation of consolidated financial statements in conformity with U.S. Reclassification Certain comparative figures have been reclassified to conform to the current year presentation. Concentration of risk Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash, cash equivalents, investments, and accounts receivable. The Company maintains its cash, cash equivalents, and investments with high credit quality financial institutions; at times, such balances with the financial institutions may exceed the applicable FDIC-insured limits. Accounts receivables, net are typically unsecured and are derived from revenues earned from customers primarily located in the United States and Germany. Fair value measurement of financial instruments Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The applicable accounting guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors market participants would use in valuing the asset or liability. The guidance establishes three levels of inputs that may be used to measure fair value: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurements. The Company reviews the fair value hierarchy classification at each reporting period. Changes in the observability of valuation inputs may result in a reclassification of levels for certain securities within the fair value hierarchy. The Company’s assets measured at fair value on a recurring basis include its investments in money market funds and corporate, U.S. government, and municipal debt securities. Level 1 inputs were derived by using unadjusted quoted prices for identical assets in active markets and were used to value the Company’s investments in money market funds and U.S. government debt securities. Level 2 inputs were derived using prices for similar investments and were used to value the Company’s investments in corporate and municipal debt securities. The Company’s liabilities measured at fair value on a recurring basis include its private placement warrants issued to Software Acquisition Holdings LLC in a private placement that closed concurrently with the Company’s initial public offering (the “Private Placement Warrants”). The fair value of the Private Placement Warrants is considered a Level 3 valuation and is determined using the Black-Scholes valuation model. Refer to Note 6 The Company’s remaining financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses and other liabilities are carried at cost, which approximates fair value because of the short-term maturity of these instruments. Recently Issued and Adopted Financial Accounting Standards As an emerging growth company (“EGC”), the Jumpstart Our Business Startups Act (“JOBS Act”) allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act until such time as the Company is no longer considered to be an EGC. In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Accounting Standards Codification (“ASC”) 840 Topic 842 The adoption of this standard resulted in the recognition of operating lease liabilities of $5.3 million, with corresponding right-of-use 1 Topic 842 Accounting Standards Effective in Future Periods In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Credit Losses (“Topic 326”) (“ASU 2016-13”) available-for-sale ASU 2016-13 ASU 2016-13

Equity Investments

Equity Investments	9 Months Ended
	Sep. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity Investments	Note 3 – Equity Investments Spiegel TV Geschichte und Wissen GmbH & Co. KG (the “Spiegel Venture”) In July 2021, the Company acquired a 32% ownership in the Spiegel Venture for $3.3 million. The Spiegel Venture, which prior to the Company’s equity purchase was jointly owned and operated by Spiegel TV and Autentic, operate two documentary channels, together with various SVoD s e Watch Nebula LLC (“Nebula”) On August 23, 2021, the Company purchased a 12% ownership interest in Nebula for $6.0 million. Nebula is an SVoD technology platform built for and by a group of content creators. Should Nebula meet certain quarterly targets through the third quarter of 2023, the Company is obligated to purchase additional ownership interests, each for a payment of $0.8 million, which after each payment the Company will obtain an additional 1.625% of equity ownership interests. During the nine months ended September 30, 2022, the Company purchased additional equity interests totaling 3.25%, and during the year ended December 31, 2021, the Company purchased additional equity interests subsequent to the initial investment totaling 1.625%. These additional equity interest purchases have increased the Company’s total ownership interest in Nebula to 16.875% as of September 30, 2022. Prior to the Company’s investment, Nebula was a 100% wholly owned subsidiary of Standard Broadcast LLC (“Standard”). The Company obtained 25% of the representation on Nebula’s Board of Directors, providing the Company with significant influence, but not a controlling interest. The Company has not received dividends from Nebula as of September 30, 2022. The Company’s carrying values for its equity method investments as of September 30, 2022, and December 31, 2021, is as follows: Spiegel Nebula Total (in thousands) Balance, December 31, 2021 $ 3,089 $ 6,898 $ 9,987 Investments in equity method investees — 1,624 1,624 Equity interests loss (127 ) (439 ) (566 ) Balance, September 30, 2022 $ 2,962 $ 8,083 $ 11,045

Balance Sheet Components

Balance Sheet Components	9 Months Ended
	Sep. 30, 2022
Balance Sheet Components [Line Items]
Balance sheet components	Note 4 —Balance sheet components Cash and cash equivalents and restricted cash A reconciliation of the Company’s cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows as of September 30, 2022, and December 31, 2021 is as follows: September 30, December 31, 2022 2021 (in thousands) Cash and cash equivalents $ 46,826 $ 15,216 Restricted cash 500 2,331 Cash, cash equivalents and restricted cash $ 47,326 $ 17,547 As of September 30, 2022, restricted cash includes cash deposits required by a bank as collateral related to corporate credit card agreements of $0.5 million. On March 4, 2022, the Now You Know Media Inc. (“Learn25”) holdback of $0.2 million was paid to the previous owners of Learn25 from escrow funds previously classified as restricted cash. On April 16, 2022, the Paycheck Protection Program (PPP) loan was forgiven, and $1.2 million of funds were released from escrow to the Company and reclassified from restricted cash to cash and cash equivalents. On May 11, 2022, the One Day University (“ODU”) holdback of $0.5 million was paid to the previous owners of ODU from escrow funds previously classified as restricted cash. Investments in debt securities The Company’s investments in debt securities at fair value based on unadjusted quoted market prices (Level 1) and quoted prices for comparable assets (Level 2) are: As of September 30, 2022 As of December 31, 2021 Cash and Short-term Investments (non-current) Total Cash and Short-term Investments (non-current) Total (in thousands) (in thousands) Level 1 Securities Money market funds $ 15,607 $ — $ — $ 15,607 $ 11,709 $ — $ — $ 11,709 U.S. Government debt securities — 1,996 — 1,996 — 13,582 — 13,582 Total Level 1 Securities 15,607 1,996 — 17,603 11,709 13,582 — 25,291 Level 2 Securities Corporate debt securities — 14,951 — 14,951 — 50,641 15,430 66,071 Municipal debt securities — — — — — 1,610 — 1,610 Total Level 2 Securities — 14,951 — 14,951 — 52,251 15,430 67,681 Total $ 15,607 $ 16,947 $ — $ 32,554 $ 11,709 $ 65,833 $ 15,430 $ 92,972 The following tables summarize the Company’s corporate, U.S. government, and municipal debt securities: As of September 30, 2022 Amortized Cost Gross Gross Unrealized Estimated (in thousands) Debt Securities: Corporate $ 15,129 $ — $ (178 ) $ 14,951 U.S. Government 2,000 — (4 ) 1,996 Total $ 17,129 $ — $ (182 ) $ 16,947 As of December 31, 2021 Amortized Cost Gross Gross Unrealized Estimated (in thousands) Debt Securities: Corporate $ 66,281 $ — $ (210 ) $ 66,071 U.S. Government 13,594 — (12 ) 13,582 Municipalities 1,610 — — 1,610 Total $ 81,485 $ — $ (222 ) $ 81,263 There were no material realized gains or losses recorded during the three and nine months ended September 30, 2022 or 2021. Content assets Content assets consisted of the following: As of September 30, December 31, (in thousands) Licensed content, net Released, less amortization $ 11,783 $ 11,406 Prepaid and unreleased 5,774 9,119 17,557 20,525 Produced content, net Released, less amortization 33,726 18,507 In production 23,618 33,650 57,344 52,157 Total $ 74,901 $ 72,682 As of September 30, 2022, $5.3 million, $3.1 million, and $1.5 million of the $11.8 million unamortized cost of the licensed content that has been released is expected to be amortized in each of the next three years. As of September 30, 2022, $9.1 million, $8.6 million, and $7.6 million of the $33.7 million unamortized cost of the produced content that has been released is expected to be amortized in each of the next three years. Content amortization is included within Cost of revenues on the unaudited consolidated statement of operations. In accordance with its accounting policy for content assets, the following tables represent the amortization of content assets: Three Months Ended September 30, Nine months Ended September 30, 2022 2021 2022 2021 (in thousands) (in thousands) Licensed content $ 1,793 $ 2,091 $ 6,590 $ 5,369 Produced content 8,588 5,063 22,920 8,774 Total $ 10,381 $ 7,154 $ 29,510 $ 14,143 Goodwill and intangible assets Changes in goodwill for the nine months ended September 30, 2022 is as follows (in thousands): Balance, December 31,2021 $ 2,793 Impairment of Goodwill 2,793 Balance, September 30, 2022 $ — During the second quarter of 2022, the Company experienced a sustained decrease in its share price, and this triggering event was an indication that it was more likely than not that the fair value of the Company’s single reporting unit was below its carrying value. The Company performed an interim goodwill impairment test of its goodwill as of June 30, 2022 and recognized a goodwill impairment charge of $2.8 million during the three months ended June 30, 2022 as the fair value of the reporting unit was less than the related carrying value. This charge is included in impairment of goodwill and intangible assets on the Company’s unaudited consolidated statements of operations for the nine months ended September 30, 2022. The determination of the fair value of the Company’s reporting unit was based on a combination of the income and the market approach. The Company applied equal weighting to each of the approaches in determining the fair value of the reporting unit. Under the income approach, the Company utilized discounted cash flows of forecasted future cash flows based on future operational expectations and discounted these cash flows to reflect their relative risk. The cash flows used are consistent with those the Company uses in its internal planning, which reflect actual business trends experienced and the Company’s long-term business strategy. Under the market approach, the Company utilized the guideline public company method and guideline transaction method to develop valuation multiples and compare the Company to similar publicly traded companies. The significant assumptions under each of the approaches include, among others: revenue projections (which are dependent on future customer subscriptions and content licensing agreements), operating expenses, discount rate, control premium and a terminal growth rate. The cash flows used to determine the fair values are dependent on a number of significant management assumptions, such as the Company’s expectations of future performance and the expected future economic environment, which are partly based upon the Company’s historical experience. The Company also considered its market capitalization in assessing the reasonableness of the reporting unit fair value. During the second quarter of 2022, the Company also determined there were impairment indicators with respect to certain of the Company’s definite-lived intangible assets. As a result, the Company performed an impairment test by comparing the carrying values of the intangible assets to their respective fair values, which were determined based on forecasted future cash flows. As a result of this impairment test, the Company recorded an impairment charge of $0.8 million during the three months ended June 30, 2022, which is reflected as a component of impairment of goodwill and intangible assets on the Company’s unaudited consolidated statements of operations. Warrant liability As described in Note 6 non-current As of As of (in thousands) Level 3 Private Placement Warrants $ 809 $ 5,661 Total Level 3 $ 809 $ 5,661

Revenue

Revenue	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Note 5 — Revenue The following table sets forth the Company’s revenues disaggregated by type for the three and nine months ended September 30, 2022, and 2021, as well as the relative percentage of each revenue type to total revenue. Three Months Ended September 30, Nine months Ended September 30, 2022 2021 2022 2021 (in thousands, except percentages) (in thousands, except percentages) Subscriptions – O&O Service $ 7,890 33 % $ 5,382 29 % $ 23,110 36 % $ 14,053 32 % Subscriptions – App Services 960 4 % 1,003 5 % 3,018 5 % 2,889 7 % Subscriptions – Total 8,850 37 % 6,385 34 % 26,128 41 % 16,942 39 % License Fees – Affiliates 3,752 16 % 4,631 25 % 13,741 22 % 13,713 31 % License Fees – Content Licensing (1) 10,790 46 % 6,760 36 % 21,692 34 % 12,277 28 % License Fees – Total 14,542 62 % 11,391 61 % 35,433 56 % 25,990 59 % Other – Total (1)(2) 177 1 % 929 5 % 1,983 3 % 1,053 2 % Total Revenues $ 23,569 $ 18,705 $ 63,544 $ 43,985 (1) For the three and nine months ended September 30, 2022, total related party revenue was $2.2 million and $4.3 million, respectively. This consisted of $2.2 million and $2.7 million for the three and nine months ended September 30, 2022, respectively, for content licensed by the Company to the Spiegel Venture included in License Fees – Content Licensing (2) In addition to (1) above, Other revenue for the three and nine months ended September 30, 2022 includes other marketing services for $0.2 million and $0.4 million, respectively. Revenues expected to be recognized in the future related to performance obligations that are unsatisfied as of September 30, 2022 are as follows: Remainder For the years ending December 31, 2022 2023 2024 2025 2026 Thereafter Total (in thousands) Remaining Performance Obligations $ 4,806 $ 8,126 $ 5,004 $ 3,338 $ 26 $ 184 $ 21,484 These amounts include only fixed consideration or minimum guarantees and do not include amounts related to (i) contracts with an original expected term of one year or less or (ii) licenses of content that are solely based on sales or usage-based royalties. Contract liabilities (i.e., deferred revenue) consists of subscriber and affiliate license fees billed that have not been recognized, amounts contractually billed or collected for content licensing million as of September 30, 2022 and December 31, 2021, respectively, with the non-current portion of $0.9 million and $0.8 million as of September 30, 2022 and December 31, 2021, respectively, included in other liabilities on the unaudited consolidated balance sheets. The decrease in deferred revenue is primarily due to revenue recognized during the nine months ended September 30, 2022 related to content licensing Revenues of $4.5 million and million were recognized during the three and nine months ended September 30, 2022, respectively, related to the balance of deferred revenue as of December 31, 2021.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
Stockholders' equity	Note 6 — Stockholders’ equity Common and Preferred Stock As of September 30, 2022 and December 31, 2021, the Company has authorized the issuance of 126,000,000 shares of capital stock, par value of $0.0001 per share, consisting of (a) 125,000,000 shares of common stock, and (b) 1,000,000 shares of preferred stock. Warrants As of September 30, 2022, the Company had (A ) 3,054,203 publicly traded warrants that were (i) sold as part of the units of Software Acquisition Group Inc. in its initial public offering on November 22, 2019 and (ii) issued to the PIPE Investors in connection with the business combination that closed on October 14, 2020 (the “Public Warrants”) and ( Each whole warrant entitles the registered holder to purchase one share of the Company’s common stock at an exercise price of $11.50 per share. All Warrants expire on October 14, 2025. The Company has the right to redeem the outstanding Public Warrants in whole and not in part at a price of $0.01 per warrant upon a minimum of 30 days’ prior written notice of redemption, if and only if the last sale price of the Company’s common stock matched or exceeded $18.00 per share for any 20 trading days within a 30-trading The Private Placement Warrants are identical to the Public Warrants except that, so long as they are held by Software Acquisition Group LLC or its permitted transferees: (i) they will not be redeemable by the Company; (ii) they may be exercised by the holders on a cashless basis; and (iii) they are subject to registration rights. There were no exercises of warrants during the three and nine months ended September 30, 2022. The warrant liability related to the Private Placement Warrants is recorded at fair value as of each reporting date with the change in fair value reported within other income (expense) in the accompanying unaudited consolidated statements of operations as “Change in fair value of warrant liability” until the warrants are exercised, expired or other facts and circumstances lead the warrant liability to be reclassified to stockholder’s equity (deficit). The fair value of the warrant liability for the Private Placement Warrants was estimated using a Black-Scholes pricing model using Level 3 inputs. The significant assumptions used in preparing the Black-Scholes option pricing model are as follows: As of As of Exercise Price $ 11.50 $ 11.50 Stock Price (Company) $ 1.46 $ 5.93 Expected volatility 86.00 % 58.00 % Expected warrant term (years) 3.0 3.8 Risk-free interest rate 4.25 % 1.12 % Dividend yield 0 % 0 % Fair Value per Private Placement Warrant $ 0.22 $ 1.54 The change in fair value of the private placement warrant liability for the three and nine months ended September 30, 2022 resulted in a gain of $0.5 million and $4.9 million, respectively, and for the three and nine months ended September 30, 2021 resulted in a gain of $8.3 million and $6.3 million, respectively.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings (loss) per share	Note 7 — Earnings (loss) per share Basic and diluted earnings (loss) per share calculations are calculated on the basis of the weighted average number of shares of the Company’s common stock outstanding during the respective periods. Diluted earnings (loss) per share give effect to all dilutive potential common shares outstanding during the period using the treasury stock method for stock options and other potentially dilutive securities. In computing diluted earnings (loss) per share, the average fair value of the Company’s common stock for the period is used to determine the number of shares assumed to be purchased from the exercise price of the options. Purchases of treasury stock reduce the outstanding shares commencing on the date that the stock is purchased. Common stock equivalents are excluded from the calculation when a loss is incurred as their effect would be anti-dilutive. Three months ended Nine months ended 2022 2021 2022 2021 (in thousands) (in thousands) Numerator - Basic EPS: Net (loss) income $ (4,502 ) $ 830 $ (36,371 ) $ (26,229 ) Denominator – Weighted–average shares – 52,793 52,593 52,773 51,091 Net (loss) income per share – $ (0.09 ) $ 0.02 $ (0.69 ) $ (0.51 ) Numerator - Diluted EPS: Net (loss) income $ (4,502 ) $ 830 $ (36,371 ) $ (26,229 ) Decrease in fair value of Private Placement Warrants $ — $ (8,345 ) $ — $ (6,323 ) Net loss – (4,502 ) (7,515 ) (36,371 ) (32,552 ) Denominator - Diluted EPS: Weighted–average shares – 52,793 52,593 52,773 51,091 Incremental common shares from assumed exercise of Private Placement Warrants — 85 — 645 Weighted–average shares – 52,793 52,677 52,773 51,736 Net loss per share – Diluted $ (0.09 ) $ (0.14 ) $ (0.69 ) $ (0.63 ) For the three and nine months ended September 30, 2022 and 2021, the following share equivalents were excluded from the computation of diluted net loss per share as the inclusion of such shares would be anti-dilutive. Common shares issuable for warrants, options, and restricted stock units (“RSUs”) represent the total amount of outstanding warrants, stock options, and restricted stock units as of September 30, 2022 and 2021, where antidilutive. Antidilutive shares excluded: Three months ended Nine months ended 2022 2021 2022 2021 (in thousands) (in thousands) Options 5,190 4,775 5,190 4,775 Restricted Stock Units 1,047 923 1,047 923 Warrants 6,730 3,054 6,730 3,054 12,967 8,752 12,967 8,752

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-based compensation	Note 8 — Stock-based compensation The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. The fair value is recognized in earnings over the period during which an employee is required to provide the service. The Company accounts for forfeitures as they occur. CuriosityStream 2020 Omnibus Plan In October 2020, the Board of Directors of the Company adopted the CuriosityStream 2020 Omnibus Plan (the “2020 Plan”). Upon adoption of the 2020 Plan, a total of 7,725,000 shares were approved to be issued as stock options, share appreciation rights, RSUs and restricted stock. The following table summarizes stock option and RSU activity, prices, and values for the nine months ended September 30, 2022: Stock Options Restricted Stock Units Number of Number Weighted- Number Weighted- (in thousands, except per share data) Balance as of 1,821 4,747 $ 7.61 850 $ 11.41 Granted (1,370 ) 821 3.18 549 3.15 Options exercised and RSUs vested 49 — — (130 ) 11.17 Forfeited or expired 600 (378 ) 7.61 (222 ) 11.51 Balance as of 1,100 5,190 $ 6.91 1,047 $ 6.96 There were no options exercised during the three and nine months ended September 30, 2022. The intrinsic value of options exercised during the three and nine months ended September 30, 2021 was $0.1 and $1.4 million, respectively. Options generally have a four-year vesting period with 25% of the shares vesting on each anniversary date. When options are exercised, the Company’s policy is to issue previously unissued shares of Common Stock to satisfy share option exercises. RSUs generally have a four-year or a quarterly vesting period with 1/48 th The fair value of stock option awards is estimated using the Black-Scholes option pricing model, which includes a number of assumptions including Company’s estimates of stock price volatility, employee stock option exercise behaviors, future dividend payments, and risk-free interest rates. The expected term of options granted is the estimated period of time from the beginning of the vesting period to the date of expected exercise or other settlement, based on historical exercises and post-vesting terminations. The Company generally estimates expected term based on the midpoint between the vesting date and the end of the contractual term, also known as the simplified method, given the lack of historical exercise behavior. The Company uses its own historical volatility as well as the historical volatility of similar public companies for estimating volatility. The risk-free interest rate is estimated using the rate of return on U.S. Treasury securities with maturities that approximate to the expected term of the option. The Company does not currently anticipate declaring any dividends. Assumptions used to value the options granted and the resulting weighted-average grant date fair value and stock-based compensation expense for the three and nine months ended September 30, 2022 and 2021 were as follows: Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 Dividend yield N/A 0 % 0 % 0 % Expected volatility N/A 60 % 60% - 70 % 60 % Expected term (years) N/A 6.25 6.00 - 6.50 2.50 - 6.25 Risk-free interest rate N/A 1.01 % 1.40% - 2.95 % 0.14% - 1.11 % Weighted average grant date fair value N/A $ 6.51 $ 1.91 $ 6.58 (in thousands) (in thousands) Stock-based compensation - Options $ 999 $ 882 $ 2,913 $ 3,611 Stock-based compensation - RSUs $ 674 $ 704 $ 2,142 $ 1,835

Segment and Geographic Informat

Segment and Geographic Information	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment and geographic information	Note 9 — Segment and geographic information The Company operates as one reporting segment. The Company’s chief operating decision maker (“CODM”) is its chief executive officer, who reviews financial information presented on an entity-wide basis for purposes of making operating decisions, assessing financial performance and allocating resources. All long-lived tangible assets are located in the United States. Revenue by geographic location, based on the location of the customers, with one foreign country individually comprising greater than 10% of total revenue, is as follows: Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 (in thousands, except percentages) (in thousands, except percentages) United States $ 13,845 59 % $ 10,665 57 % $ 40,348 63 % $ 29,931 68 % International: Germany 3,287 14 % 1,894 10 % 4,704 8 % 3,007 7 % Other 6,437 27 % 6,146 33 % 18,492 29 % 11,047 25 % Total International 9,724 41 % 8,040 43 % 23,196 37 % 14,054 32 % 23,569 100 % 18,705 100 % 63,544 100 % 43,985 100 %

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Related party transactions	Note 10 — Related party transactions Equity investments As described in Note 5, the Company recognized $2.2 million and $2.7 million of revenue related to the Spiegel Venture during the three and nine months ended September 30, 2022, respectively. The Company recognized $1.5 million of revenue during the three and nine months ended September 30, 2021. As described in Note 5, the Company recognized $1.6 million of revenue related to advertising services rendered to Nebula during the nine months ended September 30, 2022 . No revenue was recognized by the Company for the three months ended September 30, 2022, or for the three and nine months ended September 30, 2021. The Company incurred $1.1 million and $3.1 million for the three and nine months ended September 30, 2022, respectively, and $0.3 million during the three and nine months ended September 30, 2021, in revenue share to Nebula from subscription sales related to the Bundled Marketing and Premium Tier Agreement. This revenue share is recorded in Cost of revenues on the unaudited consolidated statement of operations. The Bundled and Premium Tier subscriptions bundles the Nebula SVoD subscription with the CuriosityStream subscription for a single subscription fee through the CuriosityStream Premium Tier. Sublease income The Company sublets a portion of its office space to a related party, Hendricks Investment Holdings, LLC (“HIH”), which is managed by various members of the Company’s Board of Directors. The Company accounts for the arrangement as an operating lease. Please refer to Note 1 1

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases	Note 11 — Leases The Company adopted the new leases guidance contained in Topic 842 Company as a Lessee The Company is party to a non-cancellable operating lease agreement for office space, which expires in 2033. The Company’s operating lease for this office space includes fixed rent payments and variable lease payments, which are primarily related to common area maintenance and utility charges. The Company elected not to separate lease and non-lease As of September 30, 2022, the Company had operating lease ROU assets of $3.8 million, current lease liabilities of $0.3 million, and non-current Components of Lease Cost The Company’s total operating lease cost for the three and nine months ended September 30, 2022 was comprised of the following (in thousands): Three months ended Nine months ended Operating lease cost $ 121 $ 363 Short-term lease cost 6 42 Variable lease cost 12 36 Total lease cost $ 139 $ 441 Maturity of Lease Liabilities As of September 30, 2022, maturities of our operating lease liabilities, which do not include short-term leases and variable lease payments, are as follows (in thousands): Remaining three months of 2022 $ 134 2023 543 2024 557 2025 571 2026 585 Thereafter 3,946 Total Lease Payments 6,336 Less: imputed interest (1,271 ) Present value of total lease liabilities $ 5,065 Company as Lessor The Company sublets a portion of its office space to a related party and accounts for the arrangement as an operating lease. Related party sublease rental income is recognized on a straight-line basis and is included in Interest and other (expense) income in the accompanying unaudited consolidated statements of operations. For the three and nine months ended September 30, 2022, operating lease income from the Company’s sublet was immaterial. As of September 30, 2022, total remaining future minimum lease payments receivable on the Company’s operating lease was

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Note 12 — Commitments and contingencies Content commitments As of September 30, 2022, the Company had $16.5 million of content obligations comprised of $5.0 million included in content liabilities in the accompanying unaudited consolidated balance sheets, and $11.5 million of obligations that are not reflected in the accompanying consolidated balance sheets as they did not yet meet the asset recognition criteria for content assets. Content obligations of $9.8 million are expected to be paid through December 31, 2022, and $6.7 million during the year ending December 31, As of December 31, 2021, the Company had $39.0 million of content obligations comprised of $9.7 million included in current content liabilities in the accompanying unaudited consolidated balance sheets and $29.3 million of obligations that are not reflected in the accompanying unaudited consolidated balance sheets as they did not yet meet the asset recognition criteria for content assets. Content obligations include amounts related to licensed, commissioned and internally produced streaming content. An obligation for the production of content includes non-cancelable Advertising commitments The Company has certain commitments with respect to future advertising and marketing expenses as stated in the various licensee agreements to which the Company is party. Certain of the agreements do not specify the amount of advertising and marketing commitment; however, the total commitments for agreements which do specify the amount are $7.1 million as of September 30, 2022, of which $6.0 million is expected to be paid through December 31, 2022, and $0.6 million and $0.5 million are 31,

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income taxes	Note 13 — Income taxes The Company recorded a provision for income taxes of $0.1 million for the three months ended September 30, 2022 and 2021, and $0.2 million and $0.1 million for the nine months ended September 30, 2022 and 2021, respectively,

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying unaudited consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) and are consistent in all material respects with those applied in the Company’s consolidated financial statements as of and for the year ended December 31, 2021. In the opinion of management, the unaudited consolidated financial statements include all adjustments of a normal recurring nature necessary for the fair presentation of the Company’s financial position, results of operations, and cash flows. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes and Management’s Discussion and Analysis of Financial Condition, and Results of Operations 10-K There have been no material changes in the Company’s significant accounting policies other than the effects of adopting new accounting guidance related to leases (see below) compared to the significant accounting policies described in the Company’s consolidated financial statements as of and for the year ended December 31, 2021.
Use of estimates	Use of estimates The preparation of consolidated financial statements in conformity with U.S.
Reclassification	Reclassification Certain comparative figures have been reclassified to conform to the current year presentation.
Concentration of risk	Concentration of risk Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash, cash equivalents, investments, and accounts receivable. The Company maintains its cash, cash equivalents, and investments with high credit quality financial institutions; at times, such balances with the financial institutions may exceed the applicable FDIC-insured limits. Accounts receivables, net are typically unsecured and are derived from revenues earned from customers primarily located in the United States and Germany.
Fair value measurement of financial instruments	Fair value measurement of financial instruments Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The applicable accounting guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors market participants would use in valuing the asset or liability. The guidance establishes three levels of inputs that may be used to measure fair value: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurements. The Company reviews the fair value hierarchy classification at each reporting period. Changes in the observability of valuation inputs may result in a reclassification of levels for certain securities within the fair value hierarchy. The Company’s assets measured at fair value on a recurring basis include its investments in money market funds and corporate, U.S. government, and municipal debt securities. Level 1 inputs were derived by using unadjusted quoted prices for identical assets in active markets and were used to value the Company’s investments in money market funds and U.S. government debt securities. Level 2 inputs were derived using prices for similar investments and were used to value the Company’s investments in corporate and municipal debt securities. The Company’s liabilities measured at fair value on a recurring basis include its private placement warrants issued to Software Acquisition Holdings LLC in a private placement that closed concurrently with the Company’s initial public offering (the “Private Placement Warrants”). The fair value of the Private Placement Warrants is considered a Level 3 valuation and is determined using the Black-Scholes valuation model. Refer to Note 6 The Company’s remaining financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses and other liabilities are carried at cost, which approximates fair value because of the short-term maturity of these instruments.
Recently Issued and Adopted Financial Accounting Standards	Recently Issued and Adopted Financial Accounting Standards As an emerging growth company (“EGC”), the Jumpstart Our Business Startups Act (“JOBS Act”) allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act until such time as the Company is no longer considered to be an EGC. In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Accounting Standards Codification (“ASC”) 840 Topic 842 The adoption of this standard resulted in the recognition of operating lease liabilities of $5.3 million, with corresponding right-of-use 1 Topic 842 Accounting Standards Effective in Future Periods In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Credit Losses (“Topic 326”) (“ASU 2016-13”) available-for-sale ASU 2016-13 ASU 2016-13

Equity Investments (Tables)

Equity Investments (Tables)	9 Months Ended
	Sep. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of equity method investments	Spiegel Nebula Total (in thousands) Balance, December 31, 2021 $ 3,089 $ 6,898 $ 9,987 Investments in equity method investees — 1,624 1,624 Equity interests loss (127 ) (439 ) (566 ) Balance, September 30, 2022 $ 2,962 $ 8,083 $ 11,045

Balance Sheet Components (Table

Balance Sheet Components (Tables)	9 Months Ended
	Sep. 30, 2022
Balance Sheet Components [Line Items]
Schedule of cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows	September 30, December 31, 2022 2021 (in thousands) Cash and cash equivalents $ 46,826 $ 15,216 Restricted cash 500 2,331 Cash, cash equivalents and restricted cash $ 47,326 $ 17,547
Schedule of investments in debt securities at fair value	As of September 30, 2022 As of December 31, 2021 Cash and Short-term Investments (non-current) Total Cash and Short-term Investments (non-current) Total (in thousands) (in thousands) Level 1 Securities Money market funds $ 15,607 $ — $ — $ 15,607 $ 11,709 $ — $ — $ 11,709 U.S. Government debt securities — 1,996 — 1,996 — 13,582 — 13,582 Total Level 1 Securities 15,607 1,996 — 17,603 11,709 13,582 — 25,291 Level 2 Securities Corporate debt securities — 14,951 — 14,951 — 50,641 15,430 66,071 Municipal debt securities — — — — — 1,610 — 1,610 Total Level 2 Securities — 14,951 — 14,951 — 52,251 15,430 67,681 Total $ 15,607 $ 16,947 $ — $ 32,554 $ 11,709 $ 65,833 $ 15,430 $ 92,972
Schedule of corporate, u.s. government, and municipal debt securities	As of September 30, 2022 Amortized Cost Gross Gross Unrealized Estimated (in thousands) Debt Securities: Corporate $ 15,129 $ — $ (178 ) $ 14,951 U.S. Government 2,000 — (4 ) 1,996 Total $ 17,129 $ — $ (182 ) $ 16,947 As of December 31, 2021 Amortized Cost Gross Gross Unrealized Estimated (in thousands) Debt Securities: Corporate $ 66,281 $ — $ (210 ) $ 66,071 U.S. Government 13,594 — (12 ) 13,582 Municipalities 1,610 — — 1,610 Total $ 81,485 $ — $ (222 ) $ 81,263
Schedule of content assets	As of September 30, December 31, (in thousands) Licensed content, net Released, less amortization $ 11,783 $ 11,406 Prepaid and unreleased 5,774 9,119 17,557 20,525 Produced content, net Released, less amortization 33,726 18,507 In production 23,618 33,650 57,344 52,157 Total $ 74,901 $ 72,682
Schedule of company amortized licensed content costs	Three Months Ended September 30, Nine months Ended September 30, 2022 2021 2022 2021 (in thousands) (in thousands) Licensed content $ 1,793 $ 2,091 $ 6,590 $ 5,369 Produced content 8,588 5,063 22,920 8,774 Total $ 10,381 $ 7,154 $ 29,510 $ 14,143
Schedule of Changes in goodwill	Balance, December 31,2021 $ 2,793 Impairment of Goodwill 2,793 Balance, September 30, 2022 $ —
Schedule of private placement warrants	As of As of (in thousands) Level 3 Private Placement Warrants $ 809 $ 5,661 Total Level 3 $ 809 $ 5,661

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Schedule of revenues disaggregated	Three Months Ended September 30, Nine months Ended September 30, 2022 2021 2022 2021 (in thousands, except percentages) (in thousands, except percentages) Subscriptions – O&O Service $ 7,890 33 % $ 5,382 29 % $ 23,110 36 % $ 14,053 32 % Subscriptions – App Services 960 4 % 1,003 5 % 3,018 5 % 2,889 7 % Subscriptions – Total 8,850 37 % 6,385 34 % 26,128 41 % 16,942 39 % License Fees – Affiliates 3,752 16 % 4,631 25 % 13,741 22 % 13,713 31 % License Fees – Content Licensing (1) 10,790 46 % 6,760 36 % 21,692 34 % 12,277 28 % License Fees – Total 14,542 62 % 11,391 61 % 35,433 56 % 25,990 59 % Other – Total (1)(2) 177 1 % 929 5 % 1,983 3 % 1,053 2 % Total Revenues $ 23,569 $ 18,705 $ 63,544 $ 43,985
Schedule of revenues expected to be recognized in the future related to performance obligations	Remainder For the years ending December 31, 2022 2023 2024 2025 2026 Thereafter Total (in thousands) Remaining Performance Obligations $ 4,806 $ 8,126 $ 5,004 $ 3,338 $ 26 $ 184 $ 21,484

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
Schedule of the black-scholes option pricing model	As of As of Exercise Price $ 11.50 $ 11.50 Stock Price (Company) $ 1.46 $ 5.93 Expected volatility 86.00 % 58.00 % Expected warrant term (years) 3.0 3.8 Risk-free interest rate 4.25 % 1.12 % Dividend yield 0 % 0 % Fair Value per Private Placement Warrant $ 0.22 $ 1.54

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings (loss) per share	Three months ended Nine months ended 2022 2021 2022 2021 (in thousands) (in thousands) Numerator - Basic EPS: Net (loss) income $ (4,502 ) $ 830 $ (36,371 ) $ (26,229 ) Denominator – Weighted–average shares – 52,793 52,593 52,773 51,091 Net (loss) income per share – $ (0.09 ) $ 0.02 $ (0.69 ) $ (0.51 ) Numerator - Diluted EPS: Net (loss) income $ (4,502 ) $ 830 $ (36,371 ) $ (26,229 ) Decrease in fair value of Private Placement Warrants $ — $ (8,345 ) $ — $ (6,323 ) Net loss – (4,502 ) (7,515 ) (36,371 ) (32,552 ) Denominator - Diluted EPS: Weighted–average shares – 52,793 52,593 52,773 51,091 Incremental common shares from assumed exercise of Private Placement Warrants — 85 — 645 Weighted–average shares – 52,793 52,677 52,773 51,736 Net loss per share – Diluted $ (0.09 ) $ (0.14 ) $ (0.69 ) $ (0.63 )
Schedule of antidilutive shares excluded

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Stock-Based Compensation (Tables) [Line Items]
Schedule of stock option and restricted stock unit	Stock Options Restricted Stock Units Number of Number Weighted- Number Weighted- (in thousands, except per share data) Balance as of 1,821 4,747 $ 7.61 850 $ 11.41 Granted (1,370 ) 821 3.18 549 3.15 Options exercised and RSUs vested 49 — — (130 ) 11.17 Forfeited or expired 600 (378 ) 7.61 (222 ) 11.51 Balance as of 1,100 5,190 $ 6.91 1,047 $ 6.96
Schedule of assumptions used to value the company's stock options grants	Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 Dividend yield N/A 0 % 0 % 0 % Expected volatility N/A 60 % 60% - 70 % 60 % Expected term (years) N/A 6.25 6.00 - 6.50 2.50 - 6.25 Risk-free interest rate N/A 1.01 % 1.40% - 2.95 % 0.14% - 1.11 % Weighted average grant date fair value N/A $ 6.51 $ 1.91 $ 6.58 (in thousands) (in thousands) Stock-based compensation - Options $ 999 $ 882 $ 2,913 $ 3,611 Stock-based compensation - RSUs $ 674 $ 704 $ 2,142 $ 1,835

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Schedule of revenue by geographic location	Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 (in thousands, except percentages) (in thousands, except percentages) United States $ 13,845 59 % $ 10,665 57 % $ 40,348 63 % $ 29,931 68 % International: Germany 3,287 14 % 1,894 10 % 4,704 8 % 3,007 7 % Other 6,437 27 % 6,146 33 % 18,492 29 % 11,047 25 % Total International 9,724 41 % 8,040 43 % 23,196 37 % 14,054 32 % 23,569 100 % 18,705 100 % 63,544 100 % 43,985 100 %

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Schedule of total operating lease cost	Three months ended Nine months ended Operating lease cost $ 121 $ 363 Short-term lease cost 6 42 Variable lease cost 12 36 Total lease cost $ 139 $ 441
Schedule of maturities of our operating lease liabilities	Remaining three months of 2022 $ 134 2023 543 2024 557 2025 571 2026 585 Thereafter 3,946 Total Lease Payments 6,336 Less: imputed interest (1,271 ) Present value of total lease liabilities $ 5,065

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Basis of Presentation and Summary of Significant Accounting Policies (Details) [Line Items]
Operating lease liability	$ 5,300
Right-of-use assets	3,769
Deferred rent and lease incentives	1,300
Operating Lease Liabilities [Member]
Basis of Presentation and Summary of Significant Accounting Policies (Details) [Line Items]
Right-of-use assets	$ 4,000

Equity Investments (Details)

Equity Investments (Details) - USD ($) $ in Millions	1 Months Ended
	Aug. 23, 2021	Sep. 30, 2022	Jul. 31, 2021
Spiegel Venture [Member]
Equity Investments Details Line Items
Ownership percentage			32%
Ownership amount			$ 3.3
Nebula [Member]
Equity Investments Details Line Items
Ownership percentage	12%	16.875%
Ownership amount	$ 6
Ownership descriptions	Nebula is an SVoD technology platform built for and by a group of content creators. Should Nebula meet certain quarterly targets through the third quarter of 2023, the Company is obligated to purchase additional ownership interests, each for a payment of $0.8 million, which after each payment the Company will obtain an additional 1.625% of equity ownership interests. During the nine months ended September 30, 2022, the Company purchased additional equity interests totaling 3.25%, and during the year ended December 31, 2021, the Company purchased additional equity interests subsequent to the initial investment totaling 1.625%. These additional equity interest purchases have increased the Company’s total ownership interest in Nebula to 16.875% as of September 30, 2022. Prior to the Company’s investment, Nebula was a 100% wholly owned subsidiary of Standard Broadcast LLC (“Standard”). The Company obtained 25% of the representation on Nebula’s Board of Directors, providing the Company with significant influence, but not a controlling interest.
Equity investments		$ 0.8

Equity Investments (Details) -

Equity Investments (Details) - Schedule of equity method investments $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Schedule Of Equity Method Investments Line Items
Beginning balance	$ 9,987
Investments in equity method investees	1,624
Equity interests loss	(566)
Ending balance	11,045
Spiegel Venture Member
Schedule Of Equity Method Investments Line Items
Beginning balance	3,089
Investments in equity method investees
Equity interests loss	(127)
Ending balance	2,962
Nebula Member
Schedule Of Equity Method Investments Line Items
Beginning balance	6,898
Investments in equity method investees	1,624
Equity interests loss	(439)
Ending balance	$ 8,083

Balance Sheet Components (Detai

Balance Sheet Components (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2022	Sep. 30, 2022	May 11, 2022	Apr. 16, 2022	Mar. 04, 2022
Balance Sheet Components [Line Items]
Holdback for indemnification		$ 0.5
Cash and cash equivalents			$ 0.5	$ 1.2
Unamortized cost of the licensed 2022		5.3
Unamortized cost of the licensed 2023		3.1
Unamortized cost of the licensed 2024		1.5
Unamortized cost of the licensed, Total		11.8
Unamortized cost of the produced content 2022		9.1
Unamortized cost of the produced content 2023		8.6
Unamortized cost of the produced content 2024		7.6
Unamortized cost of the produced content, Total		$ 33.7
Goodwill impairment charge	$ 2.8
Asset impairment charge	$ 0.8
Now You Know Media Inc [Member]
Balance Sheet Components [Line Items]
Cash and cash equivalents					$ 0.2

Balance Sheet Components (Det_2

Balance Sheet Components (Details) - Schedule of cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Schedule of cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows [Abstract]
Cash and cash equivalents	$ 46,826	$ 15,216
Restricted cash	500	2,331
Cash, cash equivalents and restricted cash	$ 47,326	$ 17,547

Balance Sheet Components (Det_3

Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value [Line Items]
Cash and Cash Equivalents	$ 15,607	$ 11,709
Short-term Investments	16,947	65,833
Investments (non-current)		15,430
Total	32,554	92,972
Municipal debt securities [Member]
Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value [Line Items]
Total
Level 1 Securities [Member]
Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value [Line Items]
Cash and Cash Equivalents	15,607	11,709
Short-term Investments	1,996	13,582
Investments (non-current)
Total	17,603	25,291
Level 1 Securities [Member] | U.S. Government debt securities [Member]
Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value [Line Items]
Cash and Cash Equivalents
Short-term Investments	1,996	13,582
Investments (non-current)
Total	1,996	13,582
Level 1 Securities [Member] | Money market funds [Member]
Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value [Line Items]
Cash and Cash Equivalents	15,607	11,709
Short-term Investments
Investments (non-current)
Total	15,607	11,709
Level 2 Securities [Member]
Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value [Line Items]
Cash and Cash Equivalents
Short-term Investments	14,951	52,251
Investments (non-current)		15,430
Total	14,951	67,681
Level 2 Securities [Member] | Corporate debt securities [Member]
Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value [Line Items]
Cash and Cash Equivalents
Short-term Investments	14,951	50,641
Investments (non-current)		15,430
Total	14,951	66,071
Level 2 Securities [Member] | Municipal debt securities [Member]
Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value [Line Items]
Cash and Cash Equivalents
Short-term Investments		1,610
Investments (non-current)
Total		$ 1,610

Balance Sheet Components (Det_4

Balance Sheet Components (Details) - Schedule of corporate, u.s. government, and municipal debt securities - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Securities:
Amortized Cost	$ 17,129	$ 81,485
Gross Unrealized Gains
Gross Unrealized Losses	(182)	(222)
Estimated Fair Value	16,947	81,263
Corporate [Member]
Debt Securities:
Amortized Cost	15,129	66,281
Gross Unrealized Gains
Gross Unrealized Losses	(178)	(210)
Estimated Fair Value	14,951	66,071
Municipalities [Member]
Debt Securities:
Amortized Cost		1,610
Gross Unrealized Gains
Gross Unrealized Losses
Estimated Fair Value		1,610
U.S. Government [Member]
Debt Securities:
Amortized Cost	2,000	13,594
Gross Unrealized Gains
Gross Unrealized Losses	(4)	(12)
Estimated Fair Value	$ 1,996	$ 13,582

Balance Sheet Components (Det_5

Balance Sheet Components (Details) - Schedule of content assets - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Licensed content, net
Licensed content, net	$ 17,557	$ 20,525
Produced content, net
Produced content, net	57,344	52,157
Total	74,901	72,682
Released, less amortization [Member]
Licensed content, net
Licensed content, net	11,783	11,406
Produced content, net
Produced content, net	33,726	18,507
Prepaid and unreleased [Member]
Licensed content, net
Licensed content, net	5,774	9,119
In production [Member]
Produced content, net
Produced content, net	$ 23,618	$ 33,650

Balance Sheet Components (Det_6

Balance Sheet Components (Details) - Schedule of company amortized licensed content costs - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Balance Sheet Components (Details) - Schedule of company amortized licensed content costs [Line Items]
Amortization of content assets	$ 10,381	$ 7,154	$ 29,510	$ 14,143
Licensed content [Member]
Balance Sheet Components (Details) - Schedule of company amortized licensed content costs [Line Items]
Amortization of content assets	1,793	2,091	6,590	5,369
Produced content [Member]
Balance Sheet Components (Details) - Schedule of company amortized licensed content costs [Line Items]
Amortization of content assets	$ 8,588	$ 5,063	$ 22,920	$ 8,774

Balance Sheet Components (Det_7

Balance Sheet Components (Details) - Schedule of Changes in goodwill $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Schedule of Changes in goodwill [Abstract]
Balance at December 31,2021	$ 2,793
Impairment of goodwill	2,793
Balance at September 30, 2022

Balance Sheet Components (Det_8

Balance Sheet Components (Details) - Schedule of private placement warrants - Level 3 [Member] - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Level 3
Total Level 3	$ 809	$ 5,661
Private Placement Warrants [Member]
Level 3
Total Level 3	$ 809	$ 5,661

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Dec. 31, 2021
Total related party revenue	$ 2.2	$ 4.3
Content licensed	2.2	2.7
Marketing services		1.6
Other marketing services	0.2	0.4
Deferred revenues	18.7	18.7	$ 23.2
Revenues recognized	4.5	20.6
Deferred revenues noncurrent	$ 0.9	$ 0.9	$ 0.8

Revenue (Details) - Schedule of

Revenue (Details) - Schedule of revenues disaggregated - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Subscriptions – Total		$ 8,850	$ 6,385	$ 26,128	$ 16,942
Subscriptions – Total, percentage		37%	34%	41%	39%
License Fees – Total		$ 14,542	$ 11,391	$ 35,433	$ 25,990
License Fees – Total, percentage		62%	61%	56%	59%
Other – Total	[1],[2]	$ 177	$ 929	$ 1,983	$ 1,053
Other – Total, percentage	[1],[2]	1%	5%	3%	2%
Total Revenues		$ 23,569	$ 18,705	$ 63,544	$ 43,985
O&O Service [Member]
Disaggregation of Revenue [Line Items]
Subscriptions – Total		$ 7,890	$ 5,382	$ 23,110	$ 14,053
Subscriptions – Total, percentage		33%	29%	36%	32%
App Services [Member]
Disaggregation of Revenue [Line Items]
Subscriptions – Total		$ 960	$ 1,003	$ 3,018	$ 2,889
Subscriptions – Total, percentage		4%	5%	5%	7%
Affiliates [Member]
Disaggregation of Revenue [Line Items]
License Fees – Total		$ 3,752	$ 4,631	$ 13,741	$ 13,713
License Fees – Total, percentage		16%	25%	22%	31%
Content Licensing
Disaggregation of Revenue [Line Items]
License Fees – Total	[1]	$ 10,790	$ 6,760	$ 21,692	$ 12,277
License Fees – Total, percentage	[1]	46%	36%	34%	28%
[1]For the three and nine months ended September 30, 2022, total related party revenue was $2.2 million and $4.2 million, respectively. This consisted of $2.2 million and $2.6 million for the three and nine months ended September 30, 2022, respectively, for content licensed by the Company to the Spiegel Venture included in License Fees – Content Licensing. Total related party revenue also includes $1.6 million for the nine months ended September 30, 2022 for marketing services rendered to Nebula, which is included in Other revenue.[2]In addition to (1) above, Other revenue for the three and nine months ended September 30, 2022 includes other marketing services for $0.1 million and $0.3 million, respectively.

Revenue (Details) - Schedule _2

Revenue (Details) - Schedule of revenues expected to be recognized in the future related to performance obligations $ in Thousands	Sep. 30, 2022 USD ($)
Schedule of revenues expected to be recognized in the future related to performance obligations [Abstract]
2022	$ 4,806
2023	8,126
2024	5,004
2025	3,338
2026	26
Thereafter	184
Total	$ 21,484

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Stockholders' Equity (Details) [Line Items]
Shares of capital stock	126,000,000		126,000,000		126,000,000
Capital stock, par value (in Dollars per share)	$ 0.0001		$ 0.0001		$ 0.0001
Exercise price (in Dollars per share)	$ 11.5		$ 11.5
Warrants expire, date	Oct. 14, 2025		Oct. 14, 2025
Warrants, description			The Company has the right to redeem the outstanding Public Warrants in whole and not in part at a price of $0.01 per warrant upon a minimum of 30 days’ prior written notice of redemption, if and only if the last sale price of the Company’s common stock matched or exceeded $18.00 per share 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 sent the notice of redemption to the warrant holders.
Change in fair value of warrant liability (in Dollars)	$ (514)	$ (8,345)	$ (4,852)	$ (6,323)
Common Stock [Member]
Stockholders' Equity (Details) [Line Items]
Number of shares authorized	125,000,000		125,000,000
Preferred Stock [Member]
Stockholders' Equity (Details) [Line Items]
Number of shares authorized	1,000,000		1,000,000
Public Warrants [Member]
Stockholders' Equity (Details) [Line Items]
Number of warrants outstanding	3,054,203		3,054,203
Private Placement Warrant [Member]
Stockholders' Equity (Details) [Line Items]
Number of warrants outstanding	3,676,000		3,676,000
Change in fair value of warrant liability (in Dollars)	$ 500	$ 8,300	$ 4,900	$ 6,300

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Schedule of the black-scholes option pricing model - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Schedule of the black-scholes option pricing model [Abstract]
Exercise Price	$ 11.5	$ 11.5
Stock Price (Company)	$ 1.46	$ 5.93
Expected volatility	86%	58%
Expected warrant term (years)	3 years	3 years 9 months 18 days
Risk-free interest rate	4.25%	1.12%
Dividend yield	0%	0%
Fair Value per Private Placement Warrant	$ 0.22	$ 1.54

Earnings (Loss) Per Share (Det

Earnings (Loss) Per Share (Details) - Schedule of basic and diluted earnings (loss) per share - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator - Basic EPS:
Net (loss) income	$ (4,502)	$ 830	$ (36,371)	$ (26,229)
Denominator – Basic EPS:
Weighted–average shares – Basic	52,793	52,593	52,773	51,091
Net (loss) income per share – Basic	$ (0.09)	$ 0.02	$ (0.69)	$ (0.51)
Numerator - Diluted EPS:
Net (loss) income	$ (4,502)	$ 830	$ (36,371)	$ (26,229)
Decrease in fair value of Private Placement Warrants		(8,345)		(6,323)
Net loss – Diluted	$ (4,502)	$ (7,515)	$ (36,371)	$ (32,552)
Denominator - Diluted EPS:
Weighted–average shares – Basic	52,793	52,593	52,773	51,091
Incremental common shares from assumed exercise of Private Placement Warrants		85		645
Weighted–average shares – Diluted	52,793	52,677	52,773	51,736
Net loss per share – Diluted	$ (0.09)	$ (0.14)	$ (0.69)	$ (0.63)

Earnings (Loss) Per Share (D_2

Earnings (Loss) Per Share (Details) - Schedule of antidilutive shares excluded - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	12,967	8,752	12,967	8,752
Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	5,190	4,775	5,190	4,775
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	1,047	923	1,047	923
Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	6,730	3,054	6,730	3,054

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-Based Payment Arrangement [Abstract]
Number of shares approved to be issued (in Shares)	7,725,000		7,725,000
Intrinsic value of options exercised	$ 0	$ 100,000	$ 0	$ 1,400,000
Vesting period percentage			25%
Shares vesting percentage			6.25%

Stock-Based Compensation (Det_2

Stock-Based Compensation (Details) - Schedule of stock option and restricted stock unit shares in Thousands	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Stock-Based Compensation (Details) - Schedule of stock option and restricted stock unit [Line Items]
Number of Shares, Options exercised and RSUs vested
Weighted- Average Exercise Price, Options exercised and RSUs vested (in Dollars per share) | $ / shares
Stock Options [Member]
Stock-Based Compensation (Details) - Schedule of stock option and restricted stock unit [Line Items]
Number of Shares Available for Issuance Under the Plan, Outstanding at beginning balance	1,821
Number of Shares, Outstanding at beginning balance	4,747
Weighted- Average Exercise Price, Outstanding at beginning balance (in Dollars per share) | $ / shares	$ 7.61
Number of Shares Available for Issuance Under the Plan, Outstanding at ending balance	1,100
Number of Shares, Outstanding at ending balance	5,190
Weighted- Average Exercise Price Stock Options, Outstanding at ending balance (in Dollars per share) | $ / shares	$ 6.91
Number of Shares Available for Issuance Under the Plan, Granted	(1,370)
Number of Shares, Granted	821
Weighted- Average Exercise Price, Granted (in Dollars per share) | $ / shares	$ 3.18
Number of Shares Available for Issuance Under the Plan, Options exercised and RSUs vested	49
Number of Shares Available for Issuance Under the Plan, Forfeited or expired	600
Number of Shares, Forfeited or expired	(378)
Weighted- Average Exercise Price Stock Options, Forfeited or expired (in Dollars per share) | $ / shares	$ 7.61
Restricted Stock Units [Member]
Stock-Based Compensation (Details) - Schedule of stock option and restricted stock unit [Line Items]
Number of Shares, Outstanding at beginning balance	850
Weighted- Average Grant Date Fair Value, Outstanding at beginning balance (in Dollars per share) | $ / shares	$ 11.41
Number of Shares, Outstanding at ending balance	1,047
Weighted- Average Grant Date Fair Value, Outstanding at ending balance (in Dollars per share) | $ / shares	$ 6.96
Number of Shares, Granted	549
Weighted- Average Grant Date Fair Value, Granted (in Dollars per share) | $ / shares	$ 3.15
Number of Shares, Options exercised and RSUs vested	(130)
Weighted- Average Grant Date Fair Value, Options exercised and RSUs vested (in Dollars per share) | $ / shares	$ 11.17
Number of Shares, Forfeited or expired	(222)
Weighted- Average Grant Date Fair Value, Forfeited or expired (in Dollars per share) | $ / shares	$ 11.51

Stock-Based Compensation (Det_3

Stock-Based Compensation (Details) - Schedule of assumptions used to value the company's stock options grants - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Stock-Based Compensation (Details) - Schedule of assumptions used to value the company's stock options grants [Line Items]
Dividend yield		0%	0%	0%
Expected volatility		60%		60%
Expected term (years)		6 years 3 months
Risk-free interest rate		1.01%
Weighted average grant date fair value (in Dollars per share)		$ 6.51	$ 1.91	$ 6.58
Stock-based compensation - Options (in Dollars)	$ 999	$ 882	$ 2,913	$ 3,611
Stock-based compensation - RSUs (in Dollars)	$ 674	$ 704	$ 2,142	$ 1,835
Minimum [Member]
Stock-Based Compensation (Details) - Schedule of assumptions used to value the company's stock options grants [Line Items]
Expected volatility			60%
Expected term (years)			6 years	2 years 6 months
Risk-free interest rate			1.40%	0.14%
Maximum [Member]
Stock-Based Compensation (Details) - Schedule of assumptions used to value the company's stock options grants [Line Items]
Expected volatility			70%
Expected term (years)			6 years 6 months	6 years 3 months
Risk-free interest rate			2.95%	1.11%

Segment and Geographic Inform_3

Segment and Geographic Information (Details)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Reporting segment	1
Foreign country percentage	10%

Segment and Geographic Inform_4

Segment and Geographic Information (Details) - Schedule of revenue by geographic location - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 23,569	$ 18,705	$ 63,544	$ 43,985
Revenue by geographic percentage	100%	100%	100%	100%
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 13,845	$ 10,665	$ 40,348	$ 29,931
Revenue by geographic percentage	59%	57%	63%	68%
Germany [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 3,287	$ 1,894	$ 4,704	$ 3,007
Revenue by geographic percentage	14%	10%	8%	7%
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 6,437	$ 6,146	$ 18,492	$ 11,047
Revenue by geographic percentage	27%	33%	29%	25%
Total International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 9,724	$ 8,040	$ 23,196	$ 14,054
Revenue by geographic percentage	41%	43%	37%	32%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Related Party Transactions Details Line Items
Recognized revenues	$ 2.2		$ 4.3
Spiegel Venture [Member]
Related Party Transactions Details Line Items
Recognized revenues	2.2	$ 1.5	2.7	$ 1.5
Nebula [Member]
Related Party Transactions Details Line Items
Revenue share from subscription sales	1.1	0.3	3.1	0.3
Revenue from Advertising Services	$ 0	$ 0	$ 1.6	$ 0

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Leases (Details) [Line Items]
Operating lease agreement description	The Company is party to a non-cancellable operating lease agreement for office space, which expires in 2033.
Operating lease right-of-use assets	$ 3,769
Current lease liabilities	300
Non-current lease liabilities	$ 4,735
Weighted average discount rate percentage	4.40%
Weighted average remaining lease term	10 years 4 months 24 days
Future minimum lease payment	$ 600
Operating Lease [Member[
Leases (Details) [Line Items]
Operating lease right-of-use assets	$ 3,800

Leases (Details) - Schedule of

Leases (Details) - Schedule of total operating lease cost - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Schedule of total operating lease cost [Abstract]
Operating lease cost	$ 121	$ 363
Short-term lease cost	6	42
Variable lease cost	12	36
Total lease cost	$ 139	$ 441

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of maturities of our operating lease liabilities $ in Thousands	Sep. 30, 2022 USD ($)
Schedule of maturities of our operating lease liabilities [Abstract]
Remaining three months of 2022	$ 134
2024	557
2023	543
2025	571
2026	585
Thereafter	3,946
Total Lease Payments	6,336
Less: imputed interest	(1,271)
Present value of total lease liabilities	$ 5,065

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies (Details) [Line Items]
Content obligations	$ 16.5				$ 39
Current content liabilities	5				9.7
Content assets obligations	11.5				$ 29.3
Advertising commitments	$ 7.1
Forecast [Member]
Commitments and Contingencies (Details) [Line Items]
Content obligations			$ 6.7	$ 9.8
Advertising obligations		$ 0.5	$ 0.6	$ 6

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 0.1	$ 0.1	$ 0.2	$ 0.1