CuriosityStream (CURI) 10-Q 15 Aug 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 11, 2022
Document Information Line Items
Entity Registrant Name	CuriosityStream Inc.
Trading Symbol	CURI
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		52,791,993
Amendment Flag	false
Entity Central Index Key	0001776909
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
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
Title of 12(b) Security	Common Stock, par value $0.0001
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 22,761	$ 15,216
Restricted cash	500	2,331
Short-term investments in debt securities	54,506	65,833
Accounts receivable	11,600	23,493
Other current assets	2,474	6,413
Total current assets	91,841	113,286
Investments in debt securities		15,430
Investments in equity method investees	11,140	9,987
Property and equipment, net	1,272	1,342
Content assets, net	78,855	72,682
Intangibles, net	316	1,369
Goodwill		2,793
Operating lease right-of-use assets	3,835
Other assets	588	689
Total assets	187,847	217,578
Current liabilities
Content liabilities	5,976	9,684
Accounts payable	9,552	3,428
Accrued expenses and other liabilities	10,122	12,429
Deferred revenue	22,297	22,430
Total current liabilities	47,947	47,971
Warrant liability	1,323	5,661
Non-current operating lease liabilities	4,821
Other liabilities	699	2,011
Total liabilities	54,790	55,643
Stockholders’ equity (deficit)
Preferred stock, $0.0001 par value – 1,000 shares authorized as of June 30, 2022 and December 31, 2021; zero shares issued and outstanding as of June 30, 2022 and December 31, 2021
Common stock, $0.0001 par value – 125,000 shares authorized as of June 30, 2022 and December 31, 2021; 52,786 shares issued and outstanding as of June 30, 2022; 52,677 issued and outstanding as of December 31, 2021	5	5
Additional paid-in capital	355,555	352,334
Accumulated other comprehensive loss	(452)	(222)
Accumulated deficit	(222,051)	(190,182)
Total stockholders’ equity (deficit)	133,057	161,935
Total liabilities and stockholders’ equity (deficit)	$ 187,847	$ 217,578

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares shares in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000	1,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	125,000	125,000
Common stock, shares issued	52,786	52,677
Common stock, shares outstanding	52,786	52,677

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenues	$ 22,348	$ 15,344	$ 39,975	$ 25,280
Operating expenses
Cost of revenues	12,988	5,722	24,838	9,880
Advertising and marketing	11,208	11,520	25,976	23,769
General and administrative	10,603	9,153	21,106	17,885
Impairment of goodwill and intangible assets	3,603		3,603
Total operating expenses	38,402	26,395	75,523	51,534
Operating loss	(16,054)	(11,051)	(35,548)	(26,254)
Change in fair value of warrant liability	478	1,764	4,338	(2,022)
Interest and other (expense) income	(29)	1,036	(86)	1,296
Equity interests loss	(316)		(472)
Loss before income taxes	(15,921)	(8,251)	(31,768)	(26,980)
Provision for income taxes	56	53	101	79
Net loss	$ (15,977)	$ (8,304)	$ (31,869)	$ (27,059)
Net loss per share
Basic (in Dollars per share)	$ (0.3)	$ (0.16)	$ (0.6)	$ (0.54)
Diluted (in Dollars per share)	$ (0.3)	$ (0.19)	$ (0.6)	$ (0.54)
Weighted average number of common shares outstanding
Basic (in Shares)	52,775	52,567	52,762	50,327
Diluted (in Shares)	52,775	52,968	52,762	50,327

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (15,977)	$ (8,304)	$ (31,869)	$ (27,059)
Other comprehensive income (loss)
Unrealized gain (loss) on available for sale securities	3	(769)	(230)	(1,223)
Total comprehensive loss	$ (15,974)	$ (9,073)	$ (32,099)	$ (28,282)

Consolidated Statements of Stoc

Consolidated Statements of Stockholder’s Equity (Deficit) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock	Preferred Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Total
Balance at Dec. 31, 2020	$ 4		$ 197,507	$ 10	$ (152,547)	$ 44,974
Balance (in Shares) at Dec. 31, 2020	40,289
Net loss					(27,059)	(27,059)
Stock-based compensation, net			3,838			3,838
Stock-based compensation, net (in Shares)	3
Issuance of Common Stock	$ 1		94,100			94,101
Issuance of Common Stock (in Shares)	7,475
Common Stock issuance costs			(707)			(707)
Exercise of Options			437			437
Exercise of Options (in Shares)	103
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)				(1,223)		(1,223)
Balance at Jun. 30, 2021	$ 5		349,597	(1,213)	(179,606)	168,783
Balance (in Shares) at Jun. 30, 2021	52,583
Balance at Mar. 31, 2021	$ 5		347,967	(444)	(171,302)	176,226
Balance (in Shares) at Mar. 31, 2021	52,549
Net loss					(8,304)	(8,304)
Stock-based compensation, net			1,515			1,515
Stock-based compensation, net (in Shares)	3
Exercise of Options			115			115
Exercise of Options (in Shares)	31
Other comprehensive income (loss)				(769)		(769)
Balance at Jun. 30, 2021	$ 5		349,597	(1,213)	(179,606)	168,783
Balance (in Shares) at Jun. 30, 2021	52,583
Balance at Dec. 31, 2021	$ 5		352,334	(222)	(190,182)	161,935
Balance (in Shares) at Dec. 31, 2021	52,677
Net loss					(31,869)	(31,869)
Stock-based compensation, net			3,221			3,221
Stock-based compensation, net (in Shares)	109
Other comprehensive income (loss)				(230)		(230)
Balance at Jun. 30, 2022	$ 5		355,555	(452)	(222,051)	133,057
Balance (in Shares) at Jun. 30, 2022	52,786
Balance at Mar. 31, 2022	$ 5		353,985	(455)	(206,074)	147,461
Balance (in Shares) at Mar. 31, 2022	52,767
Net loss					(15,977)	(15,977)
Stock-based compensation, net			1,570			1,570
Stock-based compensation, net (in Shares)	19
Other comprehensive income (loss)				3		3
Balance at Jun. 30, 2022	$ 5		$ 355,555	$ (452)	$ (222,051)	$ 133,057
Balance (in Shares) at Jun. 30, 2022	52,786

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities
Net loss		$ (31,869)	$ (27,059)
Adjustments to reconcile net loss to net cash used in operating activities
Change in fair value of warrant liability		(4,338)	2,022
Additions to content assets		(25,303)	(22,199)
Change in content liabilities		(3,708)	4,465
Amortization of content assets		19,130	6,989
Depreciation and amortization expenses		441	217
Impairment of goodwill and intangible assets		3,603
Amortization of premiums and accretion of discounts associated with investments in debt securities, net		758	352
Stock-based compensation		3,382	3,860
Equity interests loss		472
Other non-cash items		211
Changes in operating assets and liabilities
Accounts receivable		11,893	(3,526)
Other assets		4,040	185
Accounts payable		6,146	1,773
Accrued expenses and other liabilities		(2,850)	1,091
Deferred revenue		(157)	8,474
Net cash used in operating activities		(18,149)	(23,356)
Cash flows from investing activities
Purchases of property and equipment		(120)	(175)
Business acquisitions			(4,000)
Investment in equity method investees		(1,625)
Sales of investments in debt securities		2,893	4,882
Maturities of investments in debt securities		24,373	11,980
Purchases of investments in debt securities		(1,497)	(141,644)
Net cash provided by (used in) investing activities		24,024	(128,957)
Cash flows from financing activities
Exercise of stock options			409
Exercise of warrants			54,898
Payments related to tax withholding		(161)	(22)
Proceeds from issuance of Common Stock			94,101
Payment of offering costs			(707)
Net cash (used in) provided by financing activities		(161)	148,679
Net increase in cash, cash equivalents and restricted cash		5,714	(3,634)
Cash, cash equivalents and restricted cash, beginning of period		17,547	17,384
Cash, cash equivalents and restricted cash, end of period		23,261	13,750
Supplemental disclosure:
Cash paid for taxes		398	30
Cash paid for operating leases		219	43
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	6 Months Ended
	Jun. 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 (SVoD) platform accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via the distributor’s platform or system. The online library available for streaming spans the entire category of factual entertainment including science, history, society, nature, lifestyle, and technology. 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 program sales 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	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of presentation and summary of significant accounting policies	Note 2 — Basis of presentation and 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 Certain amounts presented in prior periods have been reclassified to conform to the current period presentation. 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. GAAP requires management to make estimates and assumptions that affect amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Significant areas in which management uses estimates include content asset amortization, the assessment of the recoverability of content assets, equity method investments, intangible assets and goodwill, the fair value of assets and liabilities for allocation of the purchase price of companies acquired, and the fair value of share-based awards and liability classified warrants. 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 receivable are typically unsecured and are derived from revenues earned from customers primarily located in the United States. 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 7 for significant assumptions which the Company used in the fair value model for the Private Placement Warrants. 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, Leases (Topic 842), which supersedes the historical lease guidance under Accounting Standards Codification (ASC) 840. Topic 842 increases transparency and comparability among organizations by requiring the recognition of lease assets and lease liabilities on the balance sheet and disclosure of key information about leasing arrangements for both lessees and lessors. The Company adopted the new standard effective January 1, 2022, using the modified retrospective method and electing to use the package of practical expedients permitted under the transition guidance, which allows for the carry forward of historical lease classification for existing leases on the adoption date and does not require the assessment of existing lease contracts to determine whether the contracts contain a lease or initial direct costs. Prior periods were not retrospectively adjusted. The adoption of this standard resulted in the recognition of operating lease liabilities of $5.3 million with corresponding right-of-use (ROU) assets in the amount of $4.0 million, net of existing deferred rent and lease incentives of $1.3 million. The Company did not have any finance lease liabilities as of the adoption date. There was no cumulative effect adjustment to the opening balance of accumulated deficit as of January 1, 2022. Adoption of this new guidance did not have an impact on the unaudited consolidated statements of operations or cash flows. Refer to Note 12 for further information regarding the impact of adoption of Topic 842 on the Company’s unaudited consolidated financial statements. Accounting Standards Effective in Future Periods In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Credit Losses (Topic 326)

Equity Investments

Equity Investments	6 Months Ended
	Jun. 30, 2022
Equity Investments [Abstract]
Equity Investments	Note 3 – Equity Investments Spiegel TV Geschichte und Wissen GmbH & Co. KG (the “Spiegel Venture”) In July 2021, the Company acquired 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, operates two documentary channels, together with various SVoD services, which provide factual content to pay television audiences in Germany. The Company has not received any dividends from the Spiegel Venture as of June 30, 2022. Watch Nebula LLC (“Nebula”) On August 23, 2021, the Company purchased a 12% ownership interest in Watch Nebula LLC for $6.0 million. Nebula is an SVoD technology platform built for and by a group of content creators. The Company is committed to purchasing an additional 13% ownership interest through eight quarterly payments of $0.8 million, which after each payment, the Company will obtain an additional 1.625% of equity ownership interests. 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 June 30, 2022. The Company’s carrying values for its equity method investments as of June 30, 2022 and December 31, 2021 is as follows: Spiegel Nebula Total (in thousands) Balance at December 31, 2021 $ 3,089 $ 6,898 $ 9,987 Investments in equity method investees (1) - 1,625 1,625 Equity interests loss (122 ) (350 ) (472 ) Balance at June 30, 2022 $ 2,967 $ 8,173 $ 11,140 (1) Nebula’s investment in equity method investees balance includes an accrual of $0.8 million also reported in Accrued expenses and other liabilities as of June 30, 2022.

Balance Sheet Components

Balance Sheet Components	6 Months Ended
	Jun. 30, 2022
Balance Sheet Components [Abstract]
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 June 30, 2022 and December 31, 2021 is as follows: June 30, December 31, 2022 2021 (in thousands) Cash and cash equivalents $ 22,761 $ 15,216 Restricted cash 500 2,331 Cash and cash equivalents and restricted cash $ 23,261 $ 17,547 At June 30, 2022, restricted cash includes cash deposits required by a bank as collateral related to corporate credit card agreements of $0.5 million. 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 (see Note 6). On May 11, 2022, the One Day University (ODU) holdback of $0.5 million was paid to 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 June 30, 2022 As of December 31, 2021 Cash and Short-term Investments Total Cash and Short-term Investments Total (in thousands) (in thousands) Level 1 Securities Money market funds $ 12,064 $ - $ - $ 12,064 $ 11,709 $ - $ - $ 11,709 U.S. Government debt securities - 9,471 - 9,471 - 13,582 - 13,582 Total Level 1 Securities 12,064 9,471 - 21,535 11,709 13,582 - 25,291 Level 2 Securities Corporate debt securities - 45,035 - 45,035 - 50,641 15,430 66,071 Municipal debt securities - - - - - 1,610 - 1,610 Total Level 2 Securities - 45,035 - 45,035 - 52,251 15,430 67,681 Total $ 12,064 $ 54,506 $ - $ 66,570 $ 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 June 30, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (in thousands) Debt Securities: Corporate $ 45,461 $ - $ (426 ) $ 45,035 U.S. Government 9,497 - (26 ) 9,471 Total $ 54,958 $ - $ (452 ) $ 54,506 As of December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (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 six months ended June 30, 2022 or 2021. Content assets Content assets consisted of the following: As of June 30, December 31, (in thousands) Licensed content, net Released, less amortization $ 12,345 $ 11,406 Prepaid and unreleased 6,413 9,119 18,758 20,525 Produced content, net Released, less amortization 26,711 18,507 In production 33,386 33,650 60,097 52,157 Total $ 78,855 $ 72,682 As of June 30, 2022, $5.4 million, $3.3 million, and $1.6 million of the $12.3 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 June 30, 2022, $7.2 million, $6.9 million, and $6.0 million of the $26.7 million unamortized cost of the produced content that has been released is expected to be amortized in each of the next three years. In accordance with its accounting policy for content assets, the following tables represent the amortization of content assets: Three Months Ended Six Months Ended 2022 2021 2022 2021 (in thousands) (in thousands) Licensed content $ 1,798 $ 1,595 $ 4,797 $ 3,278 Produced content 8,293 2,658 14,333 3,711 Total $ 10,091 $ 4,253 $ 19,130 $ 6,989 Goodwill and intangible assets Changes in goodwill for the six months ended June 30, 2022 is as follows (in thousands): Balance at December 31, 2021 $ 2,793 Impairment of goodwill 2,793 Balance at June 30, 2022 $ - During the three months ended June 30, 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. 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 three months ended June 30, 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 7, the Private Placement Warrants are classified as a non-current liability and reported at fair value at each reporting period. The fair value of the Private Placement Warrants as of June 30, 2022 and December 31, 2021, was as follows: As of As of (in thousands) Level 3 Private Placement Warrants $ 1,323 $ 5,661 Total Level 3 $ 1,323 $ 5,661

Revenue

Revenue	6 Months Ended
	Jun. 30, 2022
Revenue [Abstract]
Revenue	Note 5 — Revenue The following table sets forth the Company’s revenues disaggregated by type for the three and six months ended June 30, 2022 and 2021, as well as the relative percentage of each revenue type to total revenue. Three Months Ended Six Months Ended 2022 2021 2022 2021 (in thousands) (in thousands) Subscriptions – O&O Service $ 7,912 35 % $ 4,705 31 % $ 15,218 38 % $ 8,671 34 % Subscriptions – App Services 1,010 5 % 975 6 % 2,058 5 % 1,886 7 % Subscriptions – Total 8,922 40 % 5,680 37 % 17,276 43 % 10,557 41 % License Fees – Affiliates 5,079 23 % 4,579 30 % 9,989 25 % 9,082 36 % License Fees – Program Sales (1) 6,655 30 % 5,031 33 % 10,904 27 % 5,517 22 % License Fees – Total 11,734 53 % 9,610 63 % 20,893 52 % 14,599 58 % Other – Total (1)(2) 1,692 7 % 54 0 % 1,806 5 % 124 1 % Total Revenues $ 22,348 $ 15,344 $ 39,975 $ 25,280 (1) For the three and six months ended June 30, 2022, total related party revenue was $2.1 million, consisting of $0.5 million for the three and six months ended June 30, 2022 for content licensed by the Company to the Spiegel Venture included in License fee – Program Sales and $1.6 million for the three and six months ended June 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 six months ended June 30, 2022 includes other marketing services for $0.1 million and $0.2 million, respectively. Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at June 30, 2022 are as follows: Remainder of For the years ending December 31, 2022 2023 2024 2025 2026 Thereafter Total (in thousands) Remaining Performance Obligations $ 10,192 $ 7,962 $ 5,035 $ 3,339 $ 23 $ 158 $ 26,709 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 program sales in advance of the related content being made available to the customer, and unredeemed gift certificates and other prepaid subscriptions that have not been redeemed. Total deferred revenues were $23.0 million and $23.2 million at June 30, 2022 and December 31, 2021, respectively. Revenues of $6.2 and $16.1 million were recognized during the three and six months ended June 30, 2022, related to the balance of deferred revenue at December 31, 2021.

Paycheck Protection Program Loa

Paycheck Protection Program Loan	6 Months Ended
	Jun. 30, 2022
Paycheck Protection Program Loan [Abstract]
Paycheck Protection Program Loan	Note 6 — Paycheck Protection Program Loan On May 1, 2020, the Company applied for and received funding from the Paycheck Protection Program (“PPP”) in the amount of $1.2 million under the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) (the “PPP Loan”). The PPP Loan was set to mature in May 2022 and bore interest at a rate of 1.0% per annum. The PPP provides that the use of the PPP Loan amount shall be limited to certain qualifying expenses and may be partially or wholly forgiven in accordance with the requirements set forth in the CARES Act. The amount of loan proceeds eligible for forgiveness takes into account a number of factors, including the amount of loan proceeds used by the Company during the specified period after the loan origination for certain purposes including payroll costs, rent payments on certain leases, and certain qualified utility payments. The Company elected to recognize earnings as funds are applied to covered expenses and classify the application of funds as a reduction of the related expense in the unaudited consolidated statement of operations. On April 16, 2022, the Company received the loan forgiveness letter from the Small Business Administration (SBA) stating that the loan has been forgiven in full, including applicable interest. Following receipt of the loan forgiveness notification letter, funds of $1.2 million were released from escrow, and the Company reclassified this amount from restricted cash to cash and cash equivalents on the unaudited consolidated balance sheet.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2022
Stockholders' Equity Note [Abstract]
Stockholders' equity	Note 7 — Stockholders’ equity Common Stock As of June 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 June 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 our business combination that closed on October 14, 2020 (the “Public Warrants”) and B) 3,676,000 Private Placement Warrants outstanding. Private Placement Warrants are liability-classified, and the Public Warrants are equity-classified. 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 will expire 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 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. 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 six months ended June 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 (CURI) $ 1.69 $ 5.93 Expected volatility 89.00 % 58.00 % Expected warrant term (years) 3.3 3.8 Risk-free interest rate 2.99 % 1.12 % Dividend yield 0 % 0 % Fair Value per Private Placement Warrant $ 0.36 $ 1.54 The change in fair value of the private placement warrant liability for the three and six months ended June 30, 2022 resulted in a gain of $0.5 million and $4.3 million, respectively, and for the three and six months ended June 30, 2021 resulted in a gain of $1.8 million and a loss of $2.0 million, respectively.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings (loss) per share	Note 8 — 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 Six months ended 2022 2021 2022 2021 (in thousands) (in thousands) Numerator - Basic EPS: Net loss $ (15,977 ) $ (8,304 ) $ (31,869 ) $ (27,059 ) Denominator - Basic EPS: Weighted–average shares – Basic 52,775 52,567 52,762 50,327 Net loss per share – Basic $ (0.30 ) $ (0.16 ) $ (0.60 ) $ (0.54 ) Numerator - Diluted EPS: Net loss $ (15,977 ) $ (8,304 ) $ (31,869 ) $ (27,059 ) Decrease in fair value of Private Placement Warrants - (1,764 ) - - Net loss – Diluted (15,977 ) (10,068 ) (31,869 ) (27,059 ) Denominator - Diluted EPS: Weighted–average shares – Basic 52,775 52,567 52,762 50,327 Incremental common shares from assumed exercise of Private Placement Warrants - 402 - - Weighted–average shares – Diluted 52,775 52,968 52,762 50,327 Net loss per share – Diluted $ (0.30 ) $ (0.19 ) $ (0.60 ) $ (0.54 ) For the three and six months ended June 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 at June 30, 2022 and 2021. Antidilutive shares excluded: Three months ended Six months ended 2022 2021 2022 2021 (in thousands) (in thousands) Options 5,244 4,737 5,244 4,737 Restricted Stock Units 1,114 772 1,114 772 Warrants 6,730 3,054 6,730 6,730 13,088 8,563 13,088 12,239

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-based compensation	Note 9 — 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 six months ended June 30, 2022: Stock Options Restricted Stock Units Number of Number of Weighted- Number of Weighted - Average (in thousands, except per share data) Balance at December 31, 2021 1,821 4,747 $ 7.61 850 $ 11.41 Granted (1,370 ) 821 3.18 549 3.15 Options exercised and RSUs vested 39 - - (104 ) 11.28 Forfeited or expired 505 (324 ) 8.20 (181 ) 11.66 Balance at June 30, 2022 995 5,244 $ 6.88 1,114 $ 7.17 There were no options exercised during the three and six months ended June 30, 2022. The intrinsic value of options exercised during the three and six months ended June 30, 2021 was $0.3 and $1.3 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 six months ended June 30, 2022 and 2021 were as follows: Three months ended Six months ended 2022 2021 2022 2021 Dividend yield 0 % N/A 0 % 0 % Expected volatility 65% - 70 % N/A 60% - 70 % 60 % Expected term (years) 6.25 N/A 6.00 - 6.50 2.50 - 6.25 Risk-free interest rate 2.81% - 2.95 % N/A 1.40% - 2.95 % 0.14% - 1.11 % Weighted average grant date fair value $ 1.12 N/A $ 1.91 $ 6.61 (in thousands) (in thousands) Stock-based compensation - Options $ 946 $ 910 $ 1,914 $ 2,729 Stock-based compensation - RSUs $ 648 $ 627 $ 1,468 $ 1,131 Stock-based compensation cost is measured at the grant date, based on the fair value of the award, and is recognized on a straight-line basis over the requisite service period.

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jun. 30, 2022
Segment and Geographic Information [Abstract]
Segment and geographic information	Note 10 — 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 Six months ended 2022 2021 2022 2021 United States $ 14,704 66 % $ 12,111 79 % $ 26,503 66 % $ 19,266 76 % International: United Kingdom 2,533 11 % 210 1 % 4,434 11 % 379 2 % Other 5,111 23 % 3,023 20 % 9,038 23 % 5,635 22 % Total International 7,644 34 % 3,233 21 % 13,472 34 % 6,014 24 % 22,348 100 % 15,344 100 % 39,975 100 % 25,280 100 %

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Related party transactions	Note 11 — Related party transactions Equity investments As described in Note 5, the Company recognized $0.5 million of revenue related to the Spiegel Venture during the three and six months ended June 30, 2022. As described in Note 5, the Company recognized $1.6 million of revenue related to advertising services rendered to Nebula during the three and six months ended June 30, 2022. The Company incurred $1.0 and $2.0 million for the three and six months ended June 30, 2022, respectively, 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.

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	Note 12 — Leases The Company adopted the new leases guidance contained in Topic 842 effective January 1, 2022 using the modified retrospective method. Therefore, the reported results for the three and six months ended June 30, 2022 and the financial position as of June 30, 2022 reflect the application of this new guidance, while the reported results for the three and six months ended June 30, 2021 and the financial position as of December 31, 2021 were not adjusted and continue to be reported under the prior lease accounting guidance in effect for the prior periods. Company as a Lessee The Company has entered into 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 has elected to not separate lease and non-lease components, as such all amounts paid under the lease are classified as either fixed or variable lease payments. Fixed leases payments were included in the calculation of ROU assets and leases liabilities and variable lease payments are recognized as lease expense. The Company has determined that no renewal clauses are reasonably certain of being exercised and have not included any renewal periods within the lease term for this lease. At June 30, 2022, the Company had operating lease ROU assets of $3.8 million, current lease liabilities of $0.3 million, and non-current lease liabilities of $4.8 million. In measuring operating lease liabilities, the Company used a weighted average discount rate of 4.4% in existence as of the January 1, 2022 adoption date. The weighted average remaining lease term at June 30, 2022 was 10.7 years. Components of Lease Cost The Company’s total operating lease cost for the three and six months ended June 30, 2022 was comprised of the following (in thousands): Three months ended Six months ended Operating lease cost $ 121 $ 242 Short-term lease cost 18 36 Variable lease cost 13 24 Total lease cost $ 152 $ 302 Maturity of Lease Liabilities As of June 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 six months of 2022 $ 268 2023 543 2024 557 2025 571 2026 585 Thereafter 3,946 Total Lease Payments $ 6,470 Less: imputed interest (1,326 ) Present value of total lease liabilities $ 5,144 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 income in the accompanying consolidated statements of operations. For the three and six months ended June 30, 2022, operating lease income from the Company’s sublet was less than $0.1 million. As of June 30, 2022, total remaining future minimum lease payments receivable on the Company’s operating lease was $0.6 million.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Note 13 — Commitments and contingencies Content commitments At June 30, 2022, the Company had $18.9 million of content obligations comprised of $6.0 million included in content liabilities in the accompanying unaudited consolidated balance sheets, and $12.9 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 $16.4 million and $2.5 million are expected to be paid during the six months ending December 31, 2022 and the year ending December 31, 2023, respectively. At 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 $29.4 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 commitments under creative talent and employment agreements. An obligation for the licensed and commissioned content is incurred at the time the Company enters into an agreement to obtain future titles. Once a title becomes available, a content liability is generally recorded. Certain agreements include the obligation to license rights for unknown future titles, the ultimate quantity and/or fees for which are not yet determinable as of the reporting date. Advertising commitments The Company has certain commitments with regards to future advertising and marketing expenses as stated in the various licensee agreements. 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 $10.8 million as of June 30, 2022, of which $10.1 million, $0.5 million and $0.2 million are expected to be paid during the six months ending December 31, 2022 and years ending December 31, 2023 and 2024, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income taxes	Note 14 — Income taxes The Company recorded a provision for income taxes of $0.1 million for the three and six months ended June 30, 2022 and 2021, primarily related to foreign withholding income taxes. The Company’s provision for income taxes differs from the federal statutory rate primarily due to the Company being in a full valuation allowance position and not recognizing a tax benefit attributable to generated losses for either federal or state income tax purposes.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 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 Certain amounts presented in prior periods have been reclassified to conform to the current period presentation. 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. GAAP requires management to make estimates and assumptions that affect amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Significant areas in which management uses estimates include content asset amortization, the assessment of the recoverability of content assets, equity method investments, intangible assets and goodwill, the fair value of assets and liabilities for allocation of the purchase price of companies acquired, and the fair value of share-based awards and liability classified warrants.
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 receivable are typically unsecured and are derived from revenues earned from customers primarily located in the United States.
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 7 for significant assumptions which the Company used in the fair value model for the Private Placement Warrants. 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, Leases (Topic 842), which supersedes the historical lease guidance under Accounting Standards Codification (ASC) 840. Topic 842 increases transparency and comparability among organizations by requiring the recognition of lease assets and lease liabilities on the balance sheet and disclosure of key information about leasing arrangements for both lessees and lessors. The Company adopted the new standard effective January 1, 2022, using the modified retrospective method and electing to use the package of practical expedients permitted under the transition guidance, which allows for the carry forward of historical lease classification for existing leases on the adoption date and does not require the assessment of existing lease contracts to determine whether the contracts contain a lease or initial direct costs. Prior periods were not retrospectively adjusted. The adoption of this standard resulted in the recognition of operating lease liabilities of $5.3 million with corresponding right-of-use (ROU) assets in the amount of $4.0 million, net of existing deferred rent and lease incentives of $1.3 million. The Company did not have any finance lease liabilities as of the adoption date. There was no cumulative effect adjustment to the opening balance of accumulated deficit as of January 1, 2022. Adoption of this new guidance did not have an impact on the unaudited consolidated statements of operations or cash flows. Refer to Note 12 for further information regarding the impact of adoption of Topic 842 on the Company’s unaudited consolidated financial statements. Accounting Standards Effective in Future Periods In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Credit Losses (Topic 326)

Equity Investments (Tables)

Equity Investments (Tables)	6 Months Ended
	Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of equity method investments	Spiegel Nebula Total (in thousands) Balance at December 31, 2021 $ 3,089 $ 6,898 $ 9,987 Investments in equity method investees (1) - 1,625 1,625 Equity interests loss (122 ) (350 ) (472 ) Balance at June 30, 2022 $ 2,967 $ 8,173 $ 11,140 (1) Nebula’s investment in equity method investees balance includes an accrual of $0.8 million also reported in Accrued expenses and other liabilities as of June 30, 2022.

Balance Sheet Components (Table

Balance Sheet Components (Tables)	6 Months Ended
	Jun. 30, 2022
Balance Sheet Component [Abstract]
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	June 30, December 31, 2022 2021 (in thousands) Cash and cash equivalents $ 22,761 $ 15,216 Restricted cash 500 2,331 Cash and cash equivalents and restricted cash $ 23,261 $ 17,547
Schedule of investments in debt securities at fair value	As of June 30, 2022 As of December 31, 2021 Cash and Short-term Investments Total Cash and Short-term Investments Total (in thousands) (in thousands) Level 1 Securities Money market funds $ 12,064 $ - $ - $ 12,064 $ 11,709 $ - $ - $ 11,709 U.S. Government debt securities - 9,471 - 9,471 - 13,582 - 13,582 Total Level 1 Securities 12,064 9,471 - 21,535 11,709 13,582 - 25,291 Level 2 Securities Corporate debt securities - 45,035 - 45,035 - 50,641 15,430 66,071 Municipal debt securities - - - - - 1,610 - 1,610 Total Level 2 Securities - 45,035 - 45,035 - 52,251 15,430 67,681 Total $ 12,064 $ 54,506 $ - $ 66,570 $ 11,709 $ 65,833 $ 15,430 $ 92,972
Schedule of corporate, u.s. government, and municipal debt securities	As of June 30, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (in thousands) Debt Securities: Corporate $ 45,461 $ - $ (426 ) $ 45,035 U.S. Government 9,497 - (26 ) 9,471 Total $ 54,958 $ - $ (452 ) $ 54,506 As of December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (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 June 30, December 31, (in thousands) Licensed content, net Released, less amortization $ 12,345 $ 11,406 Prepaid and unreleased 6,413 9,119 18,758 20,525 Produced content, net Released, less amortization 26,711 18,507 In production 33,386 33,650 60,097 52,157 Total $ 78,855 $ 72,682
Schedule of company amortized licensed content costs	Three Months Ended Six Months Ended 2022 2021 2022 2021 (in thousands) (in thousands) Licensed content $ 1,798 $ 1,595 $ 4,797 $ 3,278 Produced content 8,293 2,658 14,333 3,711 Total $ 10,091 $ 4,253 $ 19,130 $ 6,989
Schedule of Changes in goodwill	Balance at December 31, 2021 $ 2,793 Impairment of goodwill 2,793 Balance at June 30, 2022 $ -
Schedule of private placement warrants	As of As of (in thousands) Level 3 Private Placement Warrants $ 1,323 $ 5,661 Total Level 3 $ 1,323 $ 5,661

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue [Abstract]
Schedule of revenues disaggregated	Three Months Ended Six Months Ended 2022 2021 2022 2021 (in thousands) (in thousands) Subscriptions – O&O Service $ 7,912 35 % $ 4,705 31 % $ 15,218 38 % $ 8,671 34 % Subscriptions – App Services 1,010 5 % 975 6 % 2,058 5 % 1,886 7 % Subscriptions – Total 8,922 40 % 5,680 37 % 17,276 43 % 10,557 41 % License Fees – Affiliates 5,079 23 % 4,579 30 % 9,989 25 % 9,082 36 % License Fees – Program Sales (1) 6,655 30 % 5,031 33 % 10,904 27 % 5,517 22 % License Fees – Total 11,734 53 % 9,610 63 % 20,893 52 % 14,599 58 % Other – Total (1)(2) 1,692 7 % 54 0 % 1,806 5 % 124 1 % Total Revenues $ 22,348 $ 15,344 $ 39,975 $ 25,280
Schedule of revenues expected to be recognized in the future related to performance obligations	Remainder of For the years ending December 31, 2022 2023 2024 2025 2026 Thereafter Total (in thousands) Remaining Performance Obligations $ 10,192 $ 7,962 $ 5,035 $ 3,339 $ 23 $ 158 $ 26,709

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 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 (CURI) $ 1.69 $ 5.93 Expected volatility 89.00 % 58.00 % Expected warrant term (years) 3.3 3.8 Risk-free interest rate 2.99 % 1.12 % Dividend yield 0 % 0 % Fair Value per Private Placement Warrant $ 0.36 $ 1.54

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings (loss) per share	Three months ended Six months ended 2022 2021 2022 2021 (in thousands) (in thousands) Numerator - Basic EPS: Net loss $ (15,977 ) $ (8,304 ) $ (31,869 ) $ (27,059 ) Denominator - Basic EPS: Weighted–average shares – Basic 52,775 52,567 52,762 50,327 Net loss per share – Basic $ (0.30 ) $ (0.16 ) $ (0.60 ) $ (0.54 ) Numerator - Diluted EPS: Net loss $ (15,977 ) $ (8,304 ) $ (31,869 ) $ (27,059 ) Decrease in fair value of Private Placement Warrants - (1,764 ) - - Net loss – Diluted (15,977 ) (10,068 ) (31,869 ) (27,059 ) Denominator - Diluted EPS: Weighted–average shares – Basic 52,775 52,567 52,762 50,327 Incremental common shares from assumed exercise of Private Placement Warrants - 402 - - Weighted–average shares – Diluted 52,775 52,968 52,762 50,327 Net loss per share – Diluted $ (0.30 ) $ (0.19 ) $ (0.60 ) $ (0.54 )
Schedule of antidilutive shares excluded	Antidilutive shares excluded: Three months ended Six months ended 2022 2021 2022 2021 (in thousands) (in thousands) Options 5,244 4,737 5,244 4,737 Restricted Stock Units 1,114 772 1,114 772 Warrants 6,730 3,054 6,730 6,730 13,088 8,563 13,088 12,239

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Stock-Based Compensation (Tables) [Line Items]
Schedule of stock option and restricted stock unit	Stock Options Restricted Stock Units Number of Number of Weighted- Number of Weighted - Average (in thousands, except per share data) Balance at December 31, 2021 1,821 4,747 $ 7.61 850 $ 11.41 Granted (1,370 ) 821 3.18 549 3.15 Options exercised and RSUs vested 39 - - (104 ) 11.28 Forfeited or expired 505 (324 ) 8.20 (181 ) 11.66 Balance at June 30, 2022 995 5,244 $ 6.88 1,114 $ 7.17
Schedule of assumptions used to value the company's stock options grants	As of As of Exercise Price $ 11.50 $ 11.50 Stock Price (CURI) $ 1.69 $ 5.93 Expected volatility 89.00 % 58.00 % Expected warrant term (years) 3.3 3.8 Risk-free interest rate 2.99 % 1.12 % Dividend yield 0 % 0 % Fair Value per Private Placement Warrant $ 0.36 $ 1.54
RSU [Member]
Stock-Based Compensation (Tables) [Line Items]
Schedule of assumptions used to value the company's stock options grants	Three months ended Six months ended 2022 2021 2022 2021 Dividend yield 0 % N/A 0 % 0 % Expected volatility 65% - 70 % N/A 60% - 70 % 60 % Expected term (years) 6.25 N/A 6.00 - 6.50 2.50 - 6.25 Risk-free interest rate 2.81% - 2.95 % N/A 1.40% - 2.95 % 0.14% - 1.11 % Weighted average grant date fair value $ 1.12 N/A $ 1.91 $ 6.61 (in thousands) (in thousands) Stock-based compensation - Options $ 946 $ 910 $ 1,914 $ 2,729 Stock-based compensation - RSUs $ 648 $ 627 $ 1,468 $ 1,131

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Schedule of revenue by geographic location	Three months ended Six months ended 2022 2021 2022 2021 United States $ 14,704 66 % $ 12,111 79 % $ 26,503 66 % $ 19,266 76 % International: United Kingdom 2,533 11 % 210 1 % 4,434 11 % 379 2 % Other 5,111 23 % 3,023 20 % 9,038 23 % 5,635 22 % Total International 7,644 34 % 3,233 21 % 13,472 34 % 6,014 24 % 22,348 100 % 15,344 100 % 39,975 100 % 25,280 100 %

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Schedule of total operating lease cost	Three months ended Six months ended Operating lease cost $ 121 $ 242 Short-term lease cost 18 36 Variable lease cost 13 24 Total lease cost $ 152 $ 302
Schedule of maturities of our operating lease liabilities	Remaining six months of 2022 $ 268 2023 543 2024 557 2025 571 2026 585 Thereafter 3,946 Total Lease Payments $ 6,470 Less: imputed interest (1,326 ) Present value of total lease liabilities $ 5,144

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Jun. 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	3,835
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	Jun. 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%
Ownership amount	$ 6
Ownership descriptions	The Company is committed to purchasing an additional 13% ownership interest through eight quarterly payments of $0.8 million, which after each payment, the Company will obtain an additional 1.625% of equity ownership interests. 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.
Accrued expenses and other liabilities		$ 0.8

Equity Investments (Details) -

Equity Investments (Details) - Schedule of equity method investments $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Schedule of Equity Method Investments [Line Items]
Beginning balance	$ 9,987
Investments in equity method investees	1,625	[1]
Equity interests loss	(472)
Ending balance	11,140
Spiegel Venture [Member]
Schedule of Equity Method Investments [Line Items]
Beginning balance	3,089
Investments in equity method investees		[1]
Equity interests loss	(122)
Ending balance	2,967
Nebula [Member]
Schedule of Equity Method Investments [Line Items]
Beginning balance	6,898
Investments in equity method investees	1,625	[1]
Equity interests loss	(350)
Ending balance	$ 8,173
[1]Nebula’s investment in equity method investees balance includes an accrual of $0.8 million also reported in Accrued expenses and other liabilities as of June 30, 2022.

Balance Sheet Components (Detai

Balance Sheet Components (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2022	May 11, 2022	Apr. 16, 2022
Disclosure Text Block Supplement [Abstract]
Holdback for indemnification	$ 0.5
Cash and cash equivalents		$ 0.5	$ 1.2
Unamortized cost of the licensed 2022	5.4
Unamortized cost of the licensed 2023	3.3
Unamortized cost of the licensed 2024	1.6
Unamortized cost of the licensed 2025	12.3
Unamortized cost of the produced content 2022	7.2
Unamortized cost of the produced content 2023	6.9
Unamortized cost of the produced content 2024	6
Unamortized cost of the produced content 2025	26.7
Goodwill impairment charge	2.8
Asset impairment charge	$ 0.8

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	Jun. 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	$ 22,761	$ 15,216
Restricted cash	500	2,331
Cash, cash equivalents and restricted cash	$ 23,261	$ 17,547

Balance Sheet Components (Det_3

Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value [Line Items]
Cash and Cash Equivalents	$ 12,064	$ 11,709
Short-term Investments	54,506	65,833
Investments (non-current)		15,430
Total	66,570	92,972
Level 1 Securities [Member]
Balance Sheet Components (Details) - Schedule of investments in debt securities at fair value [Line Items]
Cash and Cash Equivalents	12,064	11,709
Short-term Investments	9,471	13,582
Investments (non-current)
Total	21,535	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	9,471	13,582
Investments (non-current)
Total	9,471	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	12,064	11,709
Short-term Investments
Investments (non-current)
Total	12,064	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	45,035	52,251
Investments (non-current)		15,430
Total	45,035	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	45,035	50,641
Investments (non-current)		15,430
Total	45,035	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	Jun. 30, 2022	Dec. 31, 2021
Debt Securities:
Amortized Cost	$ 54,958	$ 81,485
Gross Unrealized Gains
Gross Unrealized Losses	(452)	(222)
Estimated Fair Value	54,506	81,263
Corporate [Member]
Debt Securities:
Amortized Cost	45,461	66,281
Gross Unrealized Gains
Gross Unrealized Losses	(426)	(210)
Estimated Fair Value	45,035	66,071
Municipalities [Member]
Debt Securities:
Amortized Cost	9,497	1,610
Gross Unrealized Gains
Gross Unrealized Losses	(26)
Estimated Fair Value	$ 9,471	1,610
U.S. Government [Member]
Debt Securities:
Amortized Cost		13,594
Gross Unrealized Gains
Gross Unrealized Losses		(12)
Estimated Fair Value		$ 13,582

Balance Sheet Components (Det_5

Balance Sheet Components (Details) - Schedule of content assets - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Licensed content, net
Licensed content, net	$ 18,758	$ 20,525
Produced content, net
Produced content, net	60,097	52,157
Total	78,855	72,682
Released, less amortization [Member]
Licensed content, net
Licensed content, net	12,345	11,406
Produced content, net
Produced content, net	26,711	18,507
Prepaid and unreleased [Member]
Licensed content, net
Licensed content, net	6,413	9,119
In production [Member]
Produced content, net
Produced content, net	$ 33,386	$ 33,650

Balance Sheet Components (Det_6

Balance Sheet Components (Details) - Schedule of company amortized licensed content costs - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Balance Sheet Components (Details) - Schedule of company amortized licensed content costs [Line Items]
Amortization of content assets	$ 10,091	$ 4,253	$ 19,130	$ 6,989
Licensed content [Member]
Balance Sheet Components (Details) - Schedule of company amortized licensed content costs [Line Items]
Amortization of content assets	1,798	1,595	4,797	3,278
Produced content [Member]
Balance Sheet Components (Details) - Schedule of company amortized licensed content costs [Line Items]
Amortization of content assets	$ 8,293	$ 2,658	$ 14,333	$ 3,711

Balance Sheet Components (Det_7

Balance Sheet Components (Details) - Schedule of Changes in goodwill $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Schedule of Changes in goodwill [Abstract]
Balance at December 31,2021	$ 2,793
Impairment of goodwill	2,793
Balance at June 30, 2022

Balance Sheet Components (Det_8

Balance Sheet Components (Details) - Schedule of private placement warrants - Level 3 [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Level 3
Total Level 3	$ 1,323	$ 5,661
Private Placement Warrants [Member]
Level 3
Total Level 3	$ 1,323	$ 5,661

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Revenue [Abstract]
Total related party revenue	$ 2.1	$ 2.1
Content licensed	0.5	0.5
Marketing services	1.6	1.6
Other marketing services	0.1	0.2
Deferred revenues	23	23	$ 23.2
Revenues recognized	$ 6.2	$ 16.1

Revenue (Details) - Schedule of

Revenue (Details) - Schedule of revenues disaggregated - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Subscriptions – Total		$ 8,922	$ 5,680	$ 17,276	$ 10,557
Subscriptions – Total, percentage		40%	37%	43%	41%
License Fees – Total		$ 11,734	$ 9,610	$ 20,893	$ 14,599
License Fees – Total, percentage		53%	63%	52%	58%
Other – Total	[1],[2]	$ 1,692	$ 54	$ 1,806	$ 124
Other – Total, percentage	[1],[2]	7%	0%	5%	1%
Total Revenues		$ 22,348	$ 15,344	$ 39,975	$ 25,280
O&O Service [Member]
Disaggregation of Revenue [Line Items]
Subscriptions – Total		$ 7,912	$ 4,705	$ 15,218	$ 8,671
Subscriptions – Total, percentage		35%	31%	38%	34%
App Services [Member]
Disaggregation of Revenue [Line Items]
Subscriptions – Total		$ 1,010	$ 975	$ 2,058	$ 1,886
Subscriptions – Total, percentage		5%	6%	5%	7%
Affiliates [Member]
Disaggregation of Revenue [Line Items]
License Fees – Total		$ 5,079	$ 4,579	$ 9,989	$ 9,082
License Fees – Total, percentage		23%	30%	25%	36%
Program Sales [Member]
Disaggregation of Revenue [Line Items]
License Fees – Total	[1]	$ 6,655	$ 5,031	$ 10,904	$ 5,517
License Fees – Total, percentage	[1]	30%	33%	27%	22%
[1]For the six months ended June 30, 2022, total related party revenue was $2.1 million consisting of $0.5 million for content licensed by the Company to the Spiegel Venture included in License fee – Program Sales and $1.6 million for marketing services rendered to Nebula, which is included in Other revenue.[2]In addition to (1) above, Other revenue for the six months ended June 30, 2022 includes other marketing services for $0.2 million.

Revenue (Details) - Schedule _2

Revenue (Details) - Schedule of revenues expected to be recognized in the future related to performance obligations $ in Thousands	Jun. 30, 2022 USD ($)
Schedule of revenues expected to be recognized in the future related to performance obligations [Abstract]
2022	$ 10,192
2023	7,962
2024	5,035
2025	3,339
2026	23
Thereafter	158
Total	$ 26,709

Paycheck Protection Program L_2

Paycheck Protection Program Loan (Details) - USD ($) $ in Millions		6 Months Ended
	May 01, 2020	Jun. 30, 2022
Paycheck Protection Program Loan [Abstract]
Funding from paycheck protection program	$ 1.2
PPP loan maturity date		The PPP Loan was set to mature in May 2022 and bore interest at a rate of 1.0% per annum.
Restricted cash and cash equivalents		$ 1.2

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 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)	$ (478)	$ (1,764)	$ (4,338)	$ 2,022
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	$ 1,800	$ 4,300	$ 2,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Schedule of the black-scholes option pricing model - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Schedule of the black-scholes option pricing model [Abstract]
Exercise Price	$ 11.5	$ 11.5
Stock Price (CURI)	$ 1.69	$ 5.93
Expected volatility	89%	58%
Expected warrant term (years)	3 years 3 months 18 days	3 years 9 months 18 days
Risk-free interest rate	2.99%	1.12%
Dividend yield	0%	0%
Fair Value per Private Placement Warrant	$ 0.36	$ 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator - Basic EPS:
Net loss	$ (15,977)	$ (8,304)	$ (31,869)	$ (27,059)
Denominator - Basic EPS:
Weighted–average shares – Basic	52,775	52,567	52,762	50,327
Net loss per share – Basic	$ (0.3)	$ (0.16)	$ (0.6)	$ (0.54)
Numerator - Diluted EPS:
Net loss	$ (15,977)	$ (8,304)	$ (31,869)	$ (27,059)
Decrease in fair value of Private Placement Warrants		(1,764)
Net loss – Diluted	$ (15,977)	$ (10,068)	$ (31,869)	$ (27,059)
Denominator - Diluted EPS:
Weighted–average shares – Basic	52,775	52,567	52,762	50,327
Incremental common shares from assumed exercise of Private Placement Warrants		402
Weighted–average shares – Diluted	52,775	52,968	52,762	50,327
Net loss per share – Diluted	$ (0.3)	$ (0.19)	$ (0.6)	$ (0.54)

Earnings (Loss) Per Share (D_2

Earnings (Loss) Per Share (Details) - Schedule of antidilutive shares excluded - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	13,088	8,563	13,088	12,239
Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	5,244	4,737	5,244	4,737
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	1,114	772	1,114	772
Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	6,730	3,054	6,730	6,730

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 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	$ 300,000	$ 0	$ 1,300,000
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	6 Months Ended
	Jun. 30, 2022 $ / shares 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	995
Number of Shares, Outstanding at ending balance	5,244
Weighted- Average Exercise Price Stock Options, Outstanding at ending balance (in Dollars per share) | $ / shares	$ 6.88
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	39
Number of Shares, Options exercised and RSUs vested
Weighted- Average Exercise Price, Options exercised and RSUs vested (in Dollars per share) | $ / shares
Number of Shares Available for Issuance Under the Plan, Forfeited or expired	505
Number of Shares, Forfeited or expired	(324)
Weighted- Average Exercise Price Stock Options, Forfeited or expired (in Dollars per share) | $ / shares	$ 8.2
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	1,114
Weighted- Average Grant Date Fair Value, Outstanding at ending balance (in Dollars per share) | $ / shares	$ 7.17
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	(104)
Weighted- Average Grant Date Fair Value, Options exercised and RSUs vested (in Dollars per share) | $ / shares	$ 11.28
Number of Shares, Forfeited or expired	(181)
Weighted- Average Grant Date Fair Value, Forfeited or expired (in Dollars per share) | $ / shares	$ 11.66

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 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%
Expected term (years)	6 years 3 months
Risk-free interest rate
Weighted average grant date fair value (in Dollars per share)	$ 1.12		$ 1.91	$ 6.61
Stock-based compensation - Options (in Dollars)	$ 946	$ 910	$ 1,914	$ 2,729
Stock-based compensation - RSUs (in Dollars)	$ 648	$ 627	$ 1,468	$ 1,131
Minimum [Member]
Stock-Based Compensation (Details) - Schedule of assumptions used to value the company's stock options grants [Line Items]
Expected volatility	65%		60%
Expected term (years)			6 years	2 years 6 months
Risk-free interest rate	2.81%		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%		70%
Expected term (years)			6 years 6 months	6 years 3 months
Risk-free interest rate	2.95%		2.95%	1.11%

Segment and Geographic Inform_3

Segment and Geographic Information (Details)	6 Months Ended
	Jun. 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 22,348	$ 15,344	$ 39,975	$ 25,280
Revenue by geographic percentage	100%	100%	100%	100%
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 14,704	$ 12,111	$ 26,503	$ 19,266
Revenue by geographic percentage	66%	79%	66%	76%
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 2,533	$ 210	$ 4,434	$ 379
Revenue by geographic percentage	11%	1%	11%	2%
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 5,111	$ 3,023	$ 9,038	$ 5,635
Revenue by geographic percentage	23%	20%	23%	22%
Total International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue by geographic	$ 7,644	$ 3,233	$ 13,472	$ 6,014
Revenue by geographic percentage	34%	21%	34%	24%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Spiegel Venture [Member]
Related Party Transactions (Details) [Line Items]
Recognized revenues	$ 0.5
Incurred advertising services	1.6	$ 1.6
Nebula [Member]
Related Party Transactions (Details) [Line Items]
Incurred advertising services	$ 1	$ 2

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Leases (Details) [Line Items]
Operating lease agreement description		The Company has entered into a non-cancellable operating lease agreement for office space, which expires in 2033.
Operating lease right of use asset	$ 3,835	$ 3,835
Current lease liabilities	300	300
Non-current lease liabilities	$ 4,821	$ 4,821
Weighted average discount rate percentage	4.40%	4.40%
Weighted average remaining lease term	10 years 8 months 12 days	10 years 8 months 12 days
Operating lease income	$ 100	$ 100
Future minimum lease payment	600	600
Operating Lease [Member]
Leases (Details) [Line Items]
Operating lease right of use asset	$ 3,800	$ 3,800

Leases (Details) - Schedule of

Leases (Details) - Schedule of total operating lease cost - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Schedule of total operating lease cost [Abstract]
Operating lease cost	$ 121	$ 242
Short-term lease cost	18	36
Variable lease cost	13	24
Total lease cost	$ 152	$ 302

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of maturities of our operating lease liabilities $ in Thousands	Jun. 30, 2022 USD ($)
Schedule of maturities of our operating lease liabilities [Abstract]
Remaining six months of 2022	$ 268
2023	543
2024	557
2025	571
2026	585
Thereafter	3,946
Total Lease Payments	6,470
Less: imputed interest	(1,326)
Present value of total lease liabilities	$ 5,144

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2021
Commitments and Contingencies (Details) [Line Items]
Content obligations		$ 18.9			$ 39
Current content liabilities		6			9.7
Content assets obligations		12.9			$ 29.4
Advertising commitments		$ 10.8
Forecast [Member]
Commitments and Contingencies (Details) [Line Items]
Content obligations	$ 16.4			$ 2.5
Advertising obligations	$ 10.1		$ 0.2	$ 0.5

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 0.1	$ 0.1	$ 0.1	$ 0.1