Rumble (RUM) 10-Q 14 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	May 08, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Information [Line Items]
Entity Registrant Name	RUMBLE INC.
Entity Central Index Key	0001830081
Entity File Number	001-40079
Entity Tax Identification Number	85-1087461
Entity Incorporation, State or Country Code	DE
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	444 Gulf of Mexico Dr
Entity Address, City or Town	Longboat Key
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	34228
Entity Phone Fax Numbers [Line Items]
City Area Code	(941)
Local Phone Number	210-0196
Class A common stock, par value $0.0001 per share
Entity Listings [Line Items]
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	RUM
Security Exchange Name	NASDAQ
Warrants to purchase one share of Class A common stock
Entity Listings [Line Items]
Title of 12(b) Security	Warrants to purchase one share of Class A common stock
Trading Symbol	RUMBW
Security Exchange Name	NASDAQ
Class A Common Stock
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		116,936,025
Class C Common Stock
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		165,153,628
Class D Common Stock
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		105,782,403

Condensed Consolidated Interim

Condensed Consolidated Interim Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenues	$ 17,733,456	$ 17,615,375
Expenses
Cost of services (content, hosting and other)	31,828,354	26,014,365
General and administrative	9,322,379	8,595,096
Research and development	4,527,792	2,617,659
Sales and marketing	3,296,742	3,335,565
Amortization and depreciation	2,426,142	681,074
Changes in fair value of contingent consideration	1,336,589
Total expenses	52,737,998	41,243,759
Loss from operations	(35,004,542)	(23,628,384)
Interest income	2,521,952	3,307,927
Other expense	(69,708)	(15,906)
Changes in fair value of warrant liability	(10,737,895)	(8,331,750)
Loss before income taxes	(43,290,193)	(28,668,113)
Income tax recovery	153
Net loss	$ (43,290,040)	$ (28,668,113)
Loss per share – basic (in Dollars per share)	$ (0.21)	$ (0.14)
Weighted-average number of common shares used in computing net loss per share - basic (in Shares)	201,904,263	202,717,669
Share-based compensation expense included in expenses:
Cost of services (content, hosting, and other)	$ 388,910	$ 509,075
General and administrative	3,975,871	1,694,551
Research and development	270,872	67,098
Sales and marketing	127,241	38,486
Total share-based compensation expense	$ 4,762,894	$ 2,309,210

Condensed Consolidated Interi_2

Condensed Consolidated Interim Statements of Operations (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Loss per share – diluted	$ (0.21)	$ (0.14)
Weighted-average number of common shares used in computing net loss per share - diluted	201,904,263	202,717,669

Condensed Consolidated Interi_3

Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 182,699,695	$ 218,338,658
Marketable securities	1,135,200	1,135,200
Accounts receivable	5,986,320	5,440,447
Prepaid expenses and other	15,471,149	13,090,072
Total current assets	205,292,364	238,004,377
Other non-current assets	1,879,819	1,626,802
Property and equipment, net	18,995,562	19,689,987
Right-of-use assets, net	2,782,685	2,473,903
Intangible assets, net	23,400,743	23,262,428
Goodwill	10,655,391	10,655,391
Total assets	263,006,564	295,712,888
Current liabilities
Accounts payable and accrued liabilities	20,550,598	24,713,203
Deferred revenue	7,014,763	7,003,891
Lease liabilities	1,227,589	975,844
Contingent consideration	1,635,974	863,643
Total current liabilities	30,428,924	33,556,581
Lease liabilities, long-term	1,677,058	1,630,837
Contingent consideration, net of current portion	1,269,975	705,717
Warrant liability	18,434,500	7,696,605
Other liability	500,000	500,000
Total liabilities	52,310,457	44,089,740
Commitments and contingencies (Note 13)
Shareholders' equity
Preferred shares ($0.0001 par value per share, 20,000,000 shares authorized, no shares issued or outstanding)
Common shares ($0.0001 par value per share, 700,000,000 Class A shares authorized, 115,126,700 and 114,926,700 shares issued and outstanding, as of March 31, 2024 and December 31, 2023, respectively; 170,000,000 Class C authorized, 165,153,621 and 165,353,621shares issued and outstanding, as of March 31, 2024 and December 31, 2023, respectively; 110,000,000 Class D authorized, 105,782,403 and 105,782,403 shares issued and outstanding, as of March 31, 2024 and December 31, 2023, respectively)	768,523	768,523
Accumulated deficit	(188,493,203)	(145,203,163)
Additional paid-in capital	398,420,787	396,057,788
Shareholders’ equity	210,696,107	251,623,148
Total liabilities and shareholders’ equity	$ 263,006,564	$ 295,712,888

Condensed Consolidated Interi_4

Condensed Consolidated Interim Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Preferred shares, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred shares, shares authorized	20,000,000	20,000,000
Preferred shares, shares issued
Preferred shares, shares outstanding
Class A Common Stock
Common shares, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common shares, shares authorized	700,000,000	700,000,000
Common shares, shares issued	115,126,700	114,926,700
Common shares, shares outstanding	115,126,700	114,926,700
Class C Common Stock
Common shares, shares authorized	170,000,000	170,000,000
Common shares, shares issued	165,153,621	165,353,621
Common shares, shares outstanding	165,153,621	165,353,621
Class D Common Stock
Common shares, shares authorized	110,000,000	110,000,000
Common shares, shares issued	105,782,403	105,782,403
Common shares, shares outstanding	105,782,403	105,782,403

Condensed Consolidated Interi_5

Condensed Consolidated Interim Statements of Shareholders Equity (Unaudited) - USD ($)	Common Stock Class A	Common Stock Class C	Common Stock Class D	Additional Paid-in Capital	Accumulated Deficit	Total
Balance at Dec. 31, 2022	$ 741,013	$ 16,766	$ 10,578	$ 367,649,123	$ (28,782,701)	$ 339,634,779
Balance (in Shares) at Dec. 31, 2022	111,467,763	167,662,214	105,782,403
Share-based compensation				2,309,210		2,309,210
Loss for the period					(28,668,113)	(28,668,113)
Balance at Mar. 31, 2023	$ 741,013	$ 16,766	$ 10,578	369,958,333	(57,450,814)	313,275,876
Balance (in Shares) at Mar. 31, 2023	111,467,763	167,662,214	105,782,403
Balance at Dec. 31, 2023	$ 741,410	$ 16,535	$ 10,578	396,057,788	(145,203,163)	251,623,148
Balance (in Shares) at Dec. 31, 2023	114,926,700	165,353,621	105,782,403
Issuance of Class A Common Stock in exchange for Class C Common Stock	$ 20	$ (20)
Issuance of Class A Common Stock in exchange for Class C Common Stock (in Shares)	200,000	(200,000)
Share-based compensation				2,362,999		2,362,999
Loss for the period					(43,290,040)	(43,290,040)
Balance at Mar. 31, 2024	$ 741,430	$ 16,515	$ 10,578	$ 398,420,787	$ (188,493,203)	$ 210,696,107
Balance (in Shares) at Mar. 31, 2024	115,126,700	165,153,621	105,782,403

Condensed Consolidated Interi_6

Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating activities
Net loss for the period	$ (43,290,040)	$ (28,668,113)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization and depreciation	2,426,142	681,074
Share-based compensation	4,762,894	2,309,210
Non-cash interest expense	51,888	7,459
Amortization on right-of-use assets	270,625	145,359
Change in fair value of warrants	10,737,895	8,331,750
Change in fair value of contingent consideration	1,336,589
Changes in operating assets and liabilities:
Accounts receivable	(545,873)	(763,356)
Prepaid expenses and other	(2,662,371)	2,273,291
Accounts payable and accrued liabilities	(6,650,105)	3,263,004
Deferred revenue	10,872	2,595,644
Operating lease liabilities	(305,051)	(154,323)
Net cash used in operating activities	(33,856,535)	(9,979,001)
Investing activities
Purchase of property and equipment	(426,692)	(1,841,205)
Purchase of intangible assets	(1,355,736)	(144,431)
Net cash used in investing activities	(1,782,428)	(1,985,636)
Decrease in cash and cash equivalents during the period	(35,638,963)	(11,964,637)
Cash and cash equivalents, beginning of period	218,338,658	337,169,279
Cash and cash equivalents, end of period	182,699,695	325,204,642
Supplemental cash flow information:
Cash paid for lease liabilities	305,051	158,067
Non-cash investing and financing activities:
Property and equipment in accounts payable and accrued liabilities	253,862	435,388
Recognition of operating right-of-use assets in exchange for operating lease liabilities	579,407
Share-based compensation capitalized related to intangible assets	$ 87,604

Overview and Basis of Presentat

Overview and Basis of Presentation	3 Months Ended
	Mar. 31, 2024
Overview and Basis of Presentation [Abstract]
Overview and Basis of Presentation	1. Overview and Basis of Presentation Nature of Operations On December 1, 2021, Rumble Inc., a corporation formed under the laws of the Province of Ontario, Canada (“Legacy Rumble”) and CF Acquisition VI, a Delaware corporation (“CFVI”) entered into a business agreement (the “Business Combination Agreement”). On September 16, 2022, pursuant to the terms of the Business Combination Agreement, Legacy Rumble and CFVI announced the completion of a transaction whereby CFVI was renamed Rumble Inc. and Legacy Rumble was renamed Rumble Canada Inc. Rumble Inc. (“Rumble” or the “Company”) is a high growth, video sharing platform and cloud services provider designed to help content creators manage, distribute, and monetize their content by connecting them with brands, publishers, and directly to their subscribers and followers. The Company’s registered office is located at 444 Gulf of Mexico Drive, Longboat Key, Florida, 34228. The Company’s shares of Class A common stock and warrants are traded on The Nasdaq Global Market (“Nasdaq”) under the symbol “RUM” and “RUMBW”, respectively. Basis of Presentation The accompanying unaudited condensed consolidated interim financial statements (the “financial statements”) are prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and include the results of the Company and its wholly-owned subsidiaries. Any reference in these notes to applicable guidance is meant to refer to the authoritative guidance found in the Accounting Standards Codification (“ASC”) and Accounting Standards Update (“ASU”). All intercompany balances and transactions have been eliminated upon consolidation. These financial statements are presented in U.S. dollars, which is the functional currency of the Company. These financial statements should be read in conjunction with the Company’s annual consolidated financial statements for the year ended December 31, 2023 (“Annual Financial Statements”). These financial statements have been prepared using the same accounting policies that were described in Note 2 to the Annual Financial Statements. Use of Estimates The preparation of these financial statements in conformity with U.S. GAAP requires management to make certain estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities, as of the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, the Company evaluates the estimates used, which include but are not limited to the: allowance for credit losses; valuation of share-based compensation awards; estimates in the determination of the fair value of assets acquired and liabilities assumed in connection with acquisitions; fair value of financial instruments including warrant liability and contingent consideration; discount rate in determining lease liabilities; valuation of long-lived assets and their associated useful lives, valuation of goodwill; and the realization of tax assets, estimates of tax liabilities, and valuation of deferred taxes. These estimates, judgments, and assumptions are reviewed periodically and the impact of any revisions are reflected in the financial statements in the period in which such revisions are made. Actual results could differ materially from those estimates, judgments, or assumptions, and such differences could be material to the Company’s consolidated financial position and results of operations.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Prior Period Reclassifications Certain amounts in expenses and other income (expenses) in prior periods have been reclassified to conform with current period presentation. The reclassification has no impact on net loss, loss per share or total shareholders’ equity.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2024
Acquisitions [Abstract]
Acquisitions	3. Acquisitions Acquisition of Callin Corp. On May 15, 2023 (the “Acquisition Date”), the Company acquired 100% of the outstanding equity of Callin Corp. (“Callin”), a podcasting and live streaming platform. Callin creates a seamless experience for its users to create, discover, and consume live and recorded content. The Company has determined that Callin meets the definition of a business and has accounted for the acquisition as a business combination. The fair value of the assets acquired and the liabilities assumed by the Company in connection with the acquisition is as follows: Total consideration $ 18,226,572 Net assets acquired: Cash $ 1,000,989 Accounts receivable 10,939 Prepaid expenses 200,651 Property and equipment 37,841 Software and technology 9,352,000 Accounts payable, accruals, and other liabilities (1,137,814 ) Deferred tax liability (1,230,526 ) Total net assets acquired $ 8,234,080 Goodwill $ 9,992,492 The fair value of the consideration consists of the following: Fair Value Shares issued $ 6,055,409 Shares to be issued 3,747,209 Replacement awards 15,578 Contingent consideration (liability) – retention payments 3,491,741 Contingent consideration (equity) – milestone 1 2,490,152 Contingent consideration (equity) – milestone 2 2,356,483 Contingent consideration payable 70,000 Total consideration $ 18,226,572 Under the terms of the acquisition agreement, the Company is required to issue upfront share consideration of 981,243 shares of Class A Common Stock to the preferred shareholders and SAFE note holders of Callin, of which 963,337 shares had been issued as of March 31, 2024. The fair value of the Company’s Class A Common Stock on the acquisition date was $9.99 per share. In addition, the Company issued rights to four payments each consisting of 375,000 contingently issuable shares of Class A Common Stock to the common shareholders, series FF preferred shareholders, option holders and continuing employees of Callin contingent on the following conditions being met: ● Retention payment 1: Services are provided by a selling shareholder for 12 months; ● Retention payment 2: Services are provided by a selling shareholder for 24 months; ● Milestone payment 1: Within 12 months, certain feature development and technical performance criteria are achieved, and the acquired technology is integrated into the Company’s existing software; and ● Milestone payment 2: Within 24 months, certain feature development and technical performance criteria are achieved. In assessing what is part of the business combination, the Company has determined that because the two retention payments are contingent on a selling shareholder providing services post-combination, the portion of those tranches earned by the party providing services should be reflected in the Company’s financial statements as post-combination expense. In addition, where future services are required by employees in order to earn rights to the contingent consideration, such rights are being accounted for either entirely as post-combination expense or as replacement awards where the rights replace unvested options or restricted series FF preferred shares that were originally granted by Callin. Rights to contingent consideration held by non-accredited investors will be settled in cash at $8.92 per share. For the remainder, the four tranches of contingently issuable shares have been accounted for as contingent consideration. The following table shows the breakdown of the contingently issuable shares: Number of Shares Contingent consideration 903,689 Share-based compensation (Note 11) 596,311 Total contingently issuable shares 1,500,000 The fair value of the contingent consideration has been estimated as follows: Retention payments 1 and 2 The Company has determined that retention payments 1 and 2 are one unit of account requiring the Company to issue a variable number of shares that is not indexed to the Company’s stock. As a result, the consideration that is contingent on one of the selling shareholder’s providing services has been classified as a liability. The contingent consideration is classified Level 3 in the fair value hierarchy. The key inputs into the fair value determination are the probability of achieving the milestones, which impacts the expected number of shares to be issued, and the share price on the acquisition date. At the acquisition date, management estimated the number of shares to be issued is 349,523. The Company has recognized a change in fair value of this contingent consideration of $1,336,589 due to the change in the Company’s stock price and the probability of each contingency being met for the three months ended March 31, 2024. Milestone payments 1 and 2 The Company has determined that milestone payments 1 and 2 are separate units of account because a fixed number of shares will be issued if each contingency is met, and meeting one contingency is not dependent on the other. The key inputs into the fair value determination are the probability of each contingency being met, and the share price on the acquisition date. As of March 31, 2024, milestone payment 1 was met resulting in 375,000 contingently issuable shares of Class A Common Stock. Subsequent to period end, milestone payment 1 will be settled through the issuance of 288,556 shares of Class A Common Stock and cash of $771,362. The acquired goodwill relates to Callin’s workforce and synergies that are expected to be realized upon the integration of Callin’s technology with the Rumble platform. Such synergies will include the ability to leverage the creator relationships that Rumble has secured to date and will allow for a greater ability to establish brand recognition and monetization of the Callin platform in the future. The goodwill is not expected to be deductible for tax purposes.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Mar. 31, 2024
Revenue from Contracts with Customers [Abstract]
Revenue from Contracts with Customers	4. Revenue from Contracts with Customers The following table presents revenues disaggregated by type: Three months ended 2024 2023 Advertising $ 11,277,988 $ 14,336,450 Other services and cloud 6,455,468 3,278,925 Total revenues $ 17,733,456 $ 17,615,375 The Company recognizes revenue either at a point in time, or over time, depending upon the characteristics of the contract. During the three months ended March 31, 2024, revenue recognized at a point in time compared to over time was $6,513,404 and $11,220,052, respectively. During the three months ended March 31, 2023, revenue recognized at a point in time compared to over time was $5,076,588 and $12,538,787, respectively. Deferred Revenue Deferred revenue recorded at March 31, 2024 is expected to be fully recognized by March 31, 2025. The deferred revenue balance as of March 31, 2024 and December 31, 2023 was $7,014,763 and $7,003,891, respectively.

Cash, Cash Equivalents, and Mar

Cash, Cash Equivalents, and Marketable Securities	3 Months Ended
	Mar. 31, 2024
Cash, Cash Equivalents, and Marketable Securities [Abstract]
Cash, Cash Equivalents, and Marketable Securities	5 Cash, Cash Equivalents, and Marketable Securities Cash and cash equivalents as of March 31, 2024 and December 31, 2023 consist of the following: March 31, December 31, Contracted 2024 2023 Maturity Balance Balance Cash Demand $ 7,147,101 $ 11,632,839 Treasury bills and money market funds Demand 175,552,594 206,705,819 $ 182,699,695 $ 218,338,658 Marketable securities consist of term deposits of $1,135,200 and $1,135,200 as at March 31, 2024 and December 31, 2023, respectively. The Company did not have any long-term investments as at March 31, 2024 or December 31, 2023. As of March 31, 2024, the Company entered into a guarantee/ standby letter of credit in the amount of $1,362,500 which will be used towards the issuance of credit for running the Company’s day-to-day business operations (December 31, 2023 – $1,362,500).

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2024
Property and Equipment [Abstract]
Property and Equipment	6. Property and Equipment March 31, December 31, Computer hardware $ 22,386,791 $ 21,969,345 Furniture and fixtures 121,077 121,077 Leasehold improvements 1,921,147 1,911,901 24,429,015 24,002,323 Accumulated depreciation (5,433,453 ) (4,312,336 ) Net carrying value $ 18,995,562 $ 19,689,987 Depreciation expense on property and equipment was $1,121,117 and $530,071 for the three months ended March 31, 2024 and 2023, respectively.

Right-of-Use Assets and Lease L

Right-of-Use Assets and Lease Liabilities	3 Months Ended
	Mar. 31, 2024
Right-of-Use Assets and Lease Liabilities [Abstract]
Right-of-Use Assets and Lease Liabilities	7. Right-of-Use Assets and Lease Liabilities The Company leases several facilities and data centers under non-cancelable operating leases. These leases have original lease periods expiring between 2024 and 2027. The lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. March 31, December 31, Accumulated Accumulated Cost Amortization Cost Amortization Right-of-use assets $ 4,412,591 $ (1,629,906 ) $ 3,833,184 $ (1,359,281 ) Net book value $ 2,782,685 $ 2,473,903 Operating lease costs were $322,513 and $152,818 for the three months ended March 31, 2024 and 2023, respectively, and are included in general and administration expenses in the condensed consolidated interim statements of operations. As of March 31, 2024, the weighted-average remaining lease term and weighted-average incremental borrowing rate for the operating leases were 2.40 years and 7.71%, respectively (December 31, 2023 – 2.65 years and 7.52%). The following shows the future minimum lease payments for the remaining years under the lease arrangement as of March 31, 2024. 2024 $ 1,018,169 2025 1,264,698 2026 801,890 2027 48,863 3,133,620 Less: imputed interest* 228,973 2,904,647 Current portion $ 1,227,589 Long-term portion $ 1,677,058 * Imputed interest represents the difference between undiscounted cash flows and cash flows

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2024
Intangible Assets [Abstract]
Intangible Assets	8. Intangible Assets March 31, 2024 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intellectual property $ 461,663 $ (108,524 ) $ 353,139 Domain name 500,448 (94,359 ) 406,089 Brand 1,284,000 (312,469 ) 971,531 Software and technology 21,103,759 (2,665,937 ) 18,437,822 Internal software development 3,238,654 (281,134 ) 2,957,520 Assembled workforce 366,188 (91,546 ) 274,642 $ 26,954,712 $ (3,553,969 ) $ 23,400,743 December 31, 2023 Gross Accumulated Amortization Net Intellectual property $ 461,663 $ (101,023 ) $ 360,640 Domain name 500,448 (86,019 ) 414,429 Brand 1,284,000 (280,369 ) 1,003,631 Software and technology 20,894,389 (1,618,906 ) 19,275,483 Internal software development 2,004,684 (116,854 ) 1,887,830 Assembled workforce 366,188 (45,773 ) 320,415 $ 25,511,372 $ (2,248,944 ) $ 23,262,428 Amortization expense related to intangible assets was $1,305,025 and 151,003 for the three months ended March 31, 2024 and 2023, respectively. For intangible assets held as of March 31, 2024, future amortization expense is as follows: 2024 $ 4,107,120 2025 5,347,279 2026 5,023,302 2027 4,616,107 2028 3,664,483 Thereafter 642,452 $ 23,400,743

Other Liability

Other Liability	3 Months Ended
	Mar. 31, 2024
Other Liability [Abstract]
Other Liability	9. Other Liability The Company has received certain amounts from a third party to assist with certain operating expenditures of the Company. These amounts are to be repaid upon settlement of those expenditures, are non-interest bearing, and have been treated as a long-term liability. As of March 31, 2024, an amount of $500,000 related to these expenses was recorded in other liability (December 31, 2023 – $500,000).

Shareholders_ Equity

Shareholders’ Equity	3 Months Ended
	Mar. 31, 2024
Shareholders’ Equity [Abstract]
Shareholders’ Equity	10. Shareholders’ Equity The Company is authorized to issue 1,000,000,000 shares, consisting of: (i) 700,000,000 shares of Class A Common Stock with a par value of $0.0001 per share; (ii) 170,000,000 shares of Class C Common Stock with a par value of $0.0001 per share; (iii) 110,000,000 shares of Class D Common Stock with a par value of $0.0001 per share; and (iv) 20,000,000 shares of preferred stock with a par value of $0.0001 per share. The following shares of common stock are issued and outstanding at: March 31, 2024 December 31, 2023 Number Amount Number Amount Class A Common Stock 115,126,700 $ 741,430 114,926,700 $ 741,410 Class C Common Stock 165,153,621 16,515 165,353,621 16,535 Class D Common Stock 105,782,403 10,578 105,782,403 10,578 Balance 386,062,724 $ 768,523 386,062,724 $ 768,523 Former holders of Legacy Rumble’s common shares are eligible to receive up to an aggregate of 105,000,000 additional shares of the Company’s Class A Common Stock, of which 76,412,604 shares are currently held in escrow and 28,587,396 shares will be issued if and when the contingency is met. Similarly, the Sponsor’s common shares are eligible to receive up to an aggregate of 1,973,750 additional shares of the Company’s Class A Common Stock, which will be issued if and when the contingency is met. The holders are eligible to the shares if the closing price of the Company’s Class A Common Stock is greater than or equal to $15.00 and $17.50, respectively (with 50% released at each target, or if the latter target is reached first, 100%) for a period of 20 trading days during any 30 trading-day period. The term will expire September 16, 2027. If there is a change in control prior to September 16, 2027 resulting in a per share price equal to or in excess of the $15.00 and $17.50 share price milestones not previously met, then the Company shall issue the earnout shares to the holders.

Share-Based Compensation Expens

Share-Based Compensation Expense	3 Months Ended
	Mar. 31, 2024
Share-Based Compensation Expense [Abstract]
Share-Based Compensation Expense	11. Share-Based Compensation Expense The Company’s stock award plans consist of: Rumble Inc. Amended and Restated Stock Option Plan The Company maintains a long-term incentive plan, the Rumble Inc. Amended and Restated Stock Option Plan (the “Stock Option Plan”). The Stock Option Plan governs the terms and conditions of the outstanding awards previously granted under the Stock Option Plan, as well as all options to purchase Legacy Rumble Class A common shares or Legacy Rumble Class B common shares which were converted into options to purchase shares of Class A Common Stock in connection with the Business Combination. As of March 31, 2024, there were 58,165,382 shares of Class A Common Stock reserved for future issuance under the Stock Option Plan. Rumble Inc. 2022 Stock Incentive Plan The Rumble Inc. 2022 Stock Incentive Plan (the “Stock Incentive Plan”) was approved by the board of directors and the stockholders of the Company, and became effective, on September 16, 2022. The Company initially reserved 27,121,733 shares of Common Stock for issuance under the Stock Incentive Plan, subject to a ten-year an evergreen feature. As of March 31, 2024, there were 36,361,367 shares of Class A Common Stock reserved for future issuance under the Stock Incentive Plan. Restricted Stock Units The following table reflects the continuity of unvested restricted stock units (“RSUs”) transactions: Number Weighted Average Grant Date Fair Value Outstanding, December 31, 2023 1,631,338 $ 10.55 Granted 744,681 8.50 Forfeited (7,022 ) 7.95 Outstanding, March 31, 2024 2,368,997 $ 9.91 The total unrecognized compensation cost for the RSUs issued is $15,434,778 which is expected to be recognized over a weighted-average period of 1.21 years. Stock Options The following table reflects the continuity of stock option transactions: Three months ended March 31, 2024 Service Conditions Performance Conditions Number Weighted Average Exercise Price Number Weighted Average Exercise Price Outstanding, beginning of year 65,004,839 $ 0.50 358,249 $ 9.42 Forfeited (5,092,785 ) 4.76 - - Outstanding, end of period 59,912,054 $ 0.41 358,249 $ 9.42 Vested and exercisable 58,141,104 $ 0.14 - $ - The aggregate intrinsic value of stock options is calculated as the difference between the exercise price of the stock options and the fair value of the Company’s Class A Common Stock for those stock options that had exercise prices lower than the fair value of the Company’s Class A Common Stock. As of March 31, 2024, the aggregate intrinsic value of options outstanding was $487,203,412 and the aggregate intrinsic value of the options vested and exercisable was $486,756,597. The total unrecognized compensation cost for options with a service only condition and options with a performance condition as of March 31, 2024 was $10,011,998 and $3,000,000, respectively. For the options with a service only condition, as of March 31, 2024, the cost is expected to be recognized over a weighted average period of 2.43 years. As of March 31, 2024, the Company has determined that it is not probable that the conditions related to the performance-based stock options will be met, and therefore, the Company has not recognized the related expense in the consolidated statement of operations. The weighted average grant date fair value of the outstanding options with a service only condition and options with a performance condition as of March 31, 2024 was $0.95 and $8.37, respectively. Rights to Contingent Consideration Share-based compensation expense recognized in the condensed consolidated interim statement of operations related to the rights to contingent consideration was $1,723,580 and $ nil As of March 31, 2024, there was $1,151,495 and $101,575 of total unrecognized compensation cost related to rights with a service only condition, and rights with a performance condition, respectively. That cost is expected to be recognized over a weighted average period of 0.95 and 1.10 years, respectively.

Loss Per Share

Loss Per Share	3 Months Ended
	Mar. 31, 2024
Loss Per Share [Abstract]
Loss per Share	12. Loss per Share Basic loss per share is computed by dividing net loss attributable to the Company by the weighted-average number of Class A and Class C Common Stock issued and outstanding, excluding those held in escrow as these are contingently issuable shares and have been excluded from the calculation during the three months ended March 31, 2024 and 2023. Shares of Class D Common Stock do not share in earnings and not participating securities (i.e., non-economic shares) and therefore, have been excluded from the calculation of weighted-average number of shares outstanding. Diluted loss per share is computed giving effect to all potentially dilutive shares. Diluted loss per share for all periods presented is the same as basic loss per share as the inclusion of potentially issuable shares would be antidilutive.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies [Abstract]
Commitments and Contingencies	13. Commitments and Contingencies Commitments The Company has non-cancelable contractual commitments of approximately $84 million as of March 31, 2024, which are primarily related to programming and content, leases, and other service arrangements. The majority of commitments will be paid over three years commencing in 2024. Legal Proceedings In the normal course of business, to facilitate transactions in services and products, the Company indemnifies certain parties. The Company has agreed to hold certain parties harmless against losses arising from a breach of representations or covenants, or out of intellectual property infringement or other claims made against certain parties. Several of these agreements limit the time within which an indemnification claim can be made and the amount of the claim. In addition, the Company has entered into indemnification agreements with its officers and directors, and its bylaws contain similar indemnification obligations to its agents. Furthermore, many of the Company’s agreements with its customers and partners require the Company to indemnify them for certain intellectual property infringement claims against them, which would increase costs as a result of defending such claims, and may require that we pay significant damages if there were an adverse ruling in any such claims. Customers and partners may discontinue the use of the Company’s services and technologies as a result of injunctions or otherwise, which could result in loss of revenues and adversely impact the business. It is not possible to make a reasonable estimate of the maximum potential amount under these indemnification agreements due to the unique facts and circumstances involved in each particular agreement. As of March 31, 2024, there were no material indemnification claims that were probable or reasonably possible. As of March 31, 2024, Rumble had received notification of a lawsuit against the Company and one of its shareholders seeking a variety of relief including rescission of a share redemption sale agreement with the Company or damages alleged to be worth $419.0 million. The Company is defending the claim and considers that the likelihood that it will be required to make a payment to plaintiffs to be remote.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2024
Fair Value Measurements [Abstract]
Fair Value Measurements	14. Fair Value Measurements The following table summarizes the liabilities measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Warrant Liability Marketable Securities Contingent Consideration December 31, 2023 $ 7,696,605 $ 1,135,200 $ 1,569,360 Change in fair value 10,737,895 - 1,336,589 March 31, 2024 $ 18,434,500 $ 1,135,200 $ 2,905,949 Warrant liability Warrant liability consists of warrants issued by the Company in public offerings, private placements, and forward purchase contracts. As of March 31, 2024, the number of warrants outstanding and weighted-average exercise price were 8,050,000 warrants and $11.50, respectively (December 31, 2023 – 8,050,000 and $11.50). The warrants are exercisable and will expire on September 16, 2027, or earlier upon redemption or liquidation. All warrants are publicly traded. Contingent consideration The contingent consideration liability arose in May 2023 from the Callin acquisition. Refer to Note 3. The increase in fair value during the year is attributable to changes in the Company’s stock price and the increased probability of each contingency being met.

Credit and Concentration Risks

Credit and Concentration Risks	3 Months Ended
	Mar. 31, 2024
Credit and Concentration Risks [Abstract]
Credit and Concentration Risks	15. Credit and Concentration Risks Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The Company is exposed to credit risk resulting from the possibility that a customer or counterparty to a financial instrument defaults on their financial obligations or if there is a concentration of transactions carried out with the same counterparty. Financial instruments that potentially subject the Company to concentrations of credit risk include cash, cash equivalents, marketable securities and accounts receivable. The Company’s cash, cash equivalents, and marketable securities are held in reputable banks in its country of domicile and management believes the risk of loss to be remote. We maintain cash balances that exceed the insured limits by the Federal Deposit Insurance Corporation and the Canada Deposit Insurance Corporation. The Company is exposed to credit risk in the event of default by its customers. Accounts receivables are recorded at the invoiced amount, do not bear interest, and do not require collateral. For the three months ended March 31, 2024 and 2023, one customer accounted for $2,675,574 and $9,168,526 or 15% and 52% of revenue, respectively. As of March 31, 2024, one customer accounted for 9% of accounts receivable (December 31, 2023– 35%).

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Related Party Transactions	16. Related Party Transactions The Company’s related parties include directors, shareholders and key management. Compensation to related parties totaled $3,345,147 and $2,951,232 for the three months ended March 31, 2024 and 2023, respectively. Of the total compensation, the Company paid share-based compensation to key management amounting to $2,202,232 and $1,673,431, respectively. The Company has a vendor relationship with Cosmic Inc. and Kosmik Development Skopje doo (“Cosmic”) to provide content moderation and software development services. Cosmic is controlled by Chris Pavlovski, our Chairman and Chief Executive Officer, and Ryan Milnes, a member of our board of directors, each of whom holds a significant number of Rumble shares. The Company incurred related party expenses for these services of $779,478 and $564,649 during the three months ended March 31, 2024 and 2023, respectively. There were no other related party transactions during these periods.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2024
Segment Information [Abstract]
Segment Information	17. Segment Information Disclosure requirements about segments of an enterprise establish standards for reporting information regarding operating segments in annual financial statements. These requirements include presenting selected information for each segment. Operating segments are identified as components of an enterprise for which separate discrete financial information is available for evaluation by the chief operating decision-maker in making decisions regarding how to allocate resources and assess performance. The Company’s chief decision-maker is its chief executive officer. The Company and its chief decision-maker view the Company’s operations and manage its business as one operating segment. The following presents the revenue by geographic region: For the three months ended 2024 2023 United States $ 16,958,276 $ 16,155,288 Canada 182,281 64,512 Other 592,899 1,395,575 $ 17,733,456 $ 17,615,375 The Company tracks assets by physical location. Long-lived assets consists of property and equipment, net, and are shown below: March 31, December 31, United States $ 18,673,636 $ 19,334,231 Canada 321,926 355,756 $ 18,995,562 $ 19,689,987

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	18. Subsequent Events Subsequent to the end of the quarter, milestone 2 was met related to the Callin acquisition described in Note 3. The obligation will be settled by issuing shares and cash. On May 13, 2024, we filed an antitrust lawsuit against Google in the United States District Court for the Northern District of California related to Google’s monopolization of the online advertising market. This lawsuit is separate and distinct from the self-preferencing lawsuit filed in January 2021. In accordance with ASC 855, the Company’s management reviewed all material events through May 14, 2024, and there were no material subsequent events other than those disclosed above.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (43,290,040)	$ (28,668,113)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 31, 2024
Summary of Significant Accounting Policies [Abstract]
Prior Period Reclassifications	Prior Period Reclassifications Certain amounts in expenses and other income (expenses) in prior periods have been reclassified to conform with current period presentation. The reclassification has no impact on net loss, loss per share or total shareholders’ equity.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2024
Acquisitions [Abstract]
Schedule of Fair Value of the Assets Acquired and the Liabilities	The fair value of the assets acquired and the liabilities assumed by the Company in connection with the acquisition is as follows: Total consideration $ 18,226,572 Net assets acquired: Cash $ 1,000,989 Accounts receivable 10,939 Prepaid expenses 200,651 Property and equipment 37,841 Software and technology 9,352,000 Accounts payable, accruals, and other liabilities (1,137,814 ) Deferred tax liability (1,230,526 ) Total net assets acquired $ 8,234,080 Goodwill $ 9,992,492
Schedule of Fair Value of the Consideration	The fair value of the consideration consists of the following: Fair Value Shares issued $ 6,055,409 Shares to be issued 3,747,209 Replacement awards 15,578 Contingent consideration (liability) – retention payments 3,491,741 Contingent consideration (equity) – milestone 1 2,490,152 Contingent consideration (equity) – milestone 2 2,356,483 Contingent consideration payable 70,000 Total consideration $ 18,226,572
Schedule of Contingently Issuable Shares	The following table shows the breakdown of the contingently issuable shares: Number of Shares Contingent consideration 903,689 Share-based compensation (Note 11) 596,311 Total contingently issuable shares 1,500,000

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2024
Revenue from Contracts with Customers [Abstract]
Schedule of Revenues Disaggregated	The following table presents revenues disaggregated by type: Three months ended 2024 2023 Advertising $ 11,277,988 $ 14,336,450 Other services and cloud 6,455,468 3,278,925 Total revenues $ 17,733,456 $ 17,615,375

Cash, Cash Equivalents, and M_2

Cash, Cash Equivalents, and Marketable Securities (Tables)	3 Months Ended
	Mar. 31, 2024
Cash, Cash Equivalents, and Marketable Securities [Abstract]
Schedule of Cash and Cash Equivalents	Cash and cash equivalents as of March 31, 2024 and December 31, 2023 consist of the following: March 31, December 31, Contracted 2024 2023 Maturity Balance Balance Cash Demand $ 7,147,101 $ 11,632,839 Treasury bills and money market funds Demand 175,552,594 206,705,819 $ 182,699,695 $ 218,338,658

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2024
Property and Equipment [Abstract]
Schedule of Property and Equipment	March 31, December 31, Computer hardware $ 22,386,791 $ 21,969,345 Furniture and fixtures 121,077 121,077 Leasehold improvements 1,921,147 1,911,901 24,429,015 24,002,323 Accumulated depreciation (5,433,453 ) (4,312,336 ) Net carrying value $ 18,995,562 $ 19,689,987

Right-of-Use Assets and Lease_2

Right-of-Use Assets and Lease Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
Right-of-Use Assets and Lease Liabilities [Abstract]
Schedule of Leases Several Facilities	The Company leases several facilities and data centers under non-cancelable operating leases. These leases have original lease periods expiring between 2024 and 2027. The lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. March 31, December 31, Accumulated Accumulated Cost Amortization Cost Amortization Right-of-use assets $ 4,412,591 $ (1,629,906 ) $ 3,833,184 $ (1,359,281 ) Net book value $ 2,782,685 $ 2,473,903
Schedule of Future Minimum Lease Payments	The following shows the future minimum lease payments for the remaining years under the lease arrangement as of March 31, 2024. 2024 $ 1,018,169 2025 1,264,698 2026 801,890 2027 48,863 3,133,620 Less: imputed interest* 228,973 2,904,647 Current portion $ 1,227,589 Long-term portion $ 1,677,058 * Imputed interest represents the difference between undiscounted cash flows and cash flows

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Intangible Assets [Abstract]
Schedule of Intangible Assets	March 31, 2024 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intellectual property $ 461,663 $ (108,524 ) $ 353,139 Domain name 500,448 (94,359 ) 406,089 Brand 1,284,000 (312,469 ) 971,531 Software and technology 21,103,759 (2,665,937 ) 18,437,822 Internal software development 3,238,654 (281,134 ) 2,957,520 Assembled workforce 366,188 (91,546 ) 274,642 $ 26,954,712 $ (3,553,969 ) $ 23,400,743 December 31, 2023 Gross Accumulated Amortization Net Intellectual property $ 461,663 $ (101,023 ) $ 360,640 Domain name 500,448 (86,019 ) 414,429 Brand 1,284,000 (280,369 ) 1,003,631 Software and technology 20,894,389 (1,618,906 ) 19,275,483 Internal software development 2,004,684 (116,854 ) 1,887,830 Assembled workforce 366,188 (45,773 ) 320,415 $ 25,511,372 $ (2,248,944 ) $ 23,262,428
Schedule of Estimated Future Amortization Expense	For intangible assets held as of March 31, 2024, future amortization expense is as follows: 2024 $ 4,107,120 2025 5,347,279 2026 5,023,302 2027 4,616,107 2028 3,664,483 Thereafter 642,452 $ 23,400,743

Shareholders_ Equity (Tables)

Shareholders’ Equity (Tables)	3 Months Ended
	Mar. 31, 2024
Shareholders’ Equity [Abstract]
Schedule of Common Stock Issued and Outstanding	The following shares of common stock are issued and outstanding at: March 31, 2024 December 31, 2023 Number Amount Number Amount Class A Common Stock 115,126,700 $ 741,430 114,926,700 $ 741,410 Class C Common Stock 165,153,621 16,515 165,353,621 16,535 Class D Common Stock 105,782,403 10,578 105,782,403 10,578 Balance 386,062,724 $ 768,523 386,062,724 $ 768,523

Share-Based Compensation Expe_2

Share-Based Compensation Expense (Tables)	3 Months Ended
	Mar. 31, 2024
Share-Based Compensation Expense [Abstract]
Schedule of Unvested Restricted Stock Units (“RSUs”) Transactions	The following table reflects the continuity of unvested restricted stock units (“RSUs”) transactions: Number Weighted Average Grant Date Fair Value Outstanding, December 31, 2023 1,631,338 $ 10.55 Granted 744,681 8.50 Forfeited (7,022 ) 7.95 Outstanding, March 31, 2024 2,368,997 $ 9.91
Schedule of Stock Option Transactions	The following table reflects the continuity of stock option transactions: Three months ended March 31, 2024 Service Conditions Performance Conditions Number Weighted Average Exercise Price Number Weighted Average Exercise Price Outstanding, beginning of year 65,004,839 $ 0.50 358,249 $ 9.42 Forfeited (5,092,785 ) 4.76 - - Outstanding, end of period 59,912,054 $ 0.41 358,249 $ 9.42 Vested and exercisable 58,141,104 $ 0.14 - $ -

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Measurements [Abstract]
Schedule of Liabilities Measured at Fair Value on a Recurring Basis	The following table summarizes the liabilities measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Warrant Liability Marketable Securities Contingent Consideration December 31, 2023 $ 7,696,605 $ 1,135,200 $ 1,569,360 Change in fair value 10,737,895 - 1,336,589 March 31, 2024 $ 18,434,500 $ 1,135,200 $ 2,905,949

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Information [Abstract]
Schedule of Revenue by Geographic Region	The following presents the revenue by geographic region: For the three months ended 2024 2023 United States $ 16,958,276 $ 16,155,288 Canada 182,281 64,512 Other 592,899 1,395,575 $ 17,733,456 $ 17,615,375
Schedule of Long-Lived Assets	The Company tracks assets by physical location. Long-lived assets consists of property and equipment, net, and are shown below: March 31, December 31, United States $ 18,673,636 $ 19,334,231 Canada 321,926 355,756 $ 18,995,562 $ 19,689,987

Acquisitions (Details)

Acquisitions (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	May 15, 2023
Acquisitions (Details) [Line Items]
Contingently issuable shares	375,000
Investor settle cash (in Dollars per share)	$ 8.92
Number of share issued	349,523
Contingent consideration (in Dollars)	$ 1,336,589
Callin [Member]
Acquisitions (Details) [Line Items]
Acquired percentage		100%
Share issued	963,337
Class A Common Stock [Member]
Acquisitions (Details) [Line Items]
Consideration share	981,243
Acquisition per share (in Dollars per share)	$ 9.99
Contingently issuable shares	375,000
Cash (in Dollars)	$ 771,362
Class A Common Stock [Member] | Business Acquisition [Member]
Acquisitions (Details) [Line Items]
Share issued	288,556

Acquisitions (Details) - Schedu

Acquisitions (Details) - Schedule of Fair Value of the Assets Acquired and the Liabilities	3 Months Ended
	Mar. 31, 2024 USD ($)
Schedule of Fair Value of the Assets Acquired and the Liabilities [Abstract]
Total consideration	$ 18,226,572
Net assets acquired:
Cash	1,000,989
Accounts receivable	10,939
Prepaid expenses	200,651
Property and equipment	37,841
Software and technology	9,352,000
Accounts payable, accruals, and other liabilities	(1,137,814)
Deferred tax liability	(1,230,526)
Total net assets acquired	8,234,080
Goodwill	$ 9,992,492

Acquisitions (Details) - Sche_2

Acquisitions (Details) - Schedule of Fair Value of the Consideration	3 Months Ended
	Mar. 31, 2024 USD ($) shares
Schedule of Estimate of Fair Value [Abstract]
Shares issued (in Shares) | shares	6,055,409
Shares to be issued	$ 3,747,209
Replacement awards	15,578
Contingent consideration (liability) – retention payments	3,491,741
Contingent consideration (equity) – milestone 1	2,490,152
Contingent consideration (equity) – milestone 2	2,356,483
Contingent consideration payable	70,000
Total consideration	$ 18,226,572

Acquisitions (Details) - Sche_3

Acquisitions (Details) - Schedule of Contingently Issuable Shares	3 Months Ended
	Mar. 31, 2024 shares
Schedule of Contingently Issuable Shares [Abstract]
Contingent consideration	903,689
Share-based compensation (Note 11)	596,311
Total contingently issuable shares	1,500,000

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Revenue from Contracts with Customers [Line Items]
Revenue recognized	$ 11,220,052	$ 12,538,787
Deferred revenue balance	7,014,763		$ 7,003,891
Transferred over Time [Member]
Revenue from Contracts with Customers [Line Items]
Revenue recognized	$ 6,513,404	$ 5,076,588

Revenue from Contracts with C_4

Revenue from Contracts with Customers (Details) - Schedule of Revenues Disaggregated - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 17,733,456	$ 17,615,375
Advertising [Member]
Disaggregation of Revenue [Line Items]
Total revenues	11,277,988	14,336,450
Other Services and Cloud [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 6,455,468	$ 3,278,925

Cash, Cash Equivalents, and M_3

Cash, Cash Equivalents, and Marketable Securities (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Cash, Cash Equivalents, and Marketable Securities [Line Items]
Term deposits	$ 1,135,200	$ 1,135,200
Letter of Credit [Member]
Cash, Cash Equivalents, and Marketable Securities [Line Items]
Issuance of credit amount	$ 1,362,500	$ 1,362,500

Cash, Cash Equivalents, and M_4

Cash, Cash Equivalents, and Marketable Securities (Details) - Schedule of Cash and Cash Equivalents - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Schedule of Cash and Cash Equivalents [Abstract]
Cash,Contracted Maturity	Demand
Cash, Balance	$ 7,147,101	$ 11,632,839
Treasury bills and money market funds,Contracted Maturity	Demand
Treasury bills and money market funds, Balance	$ 175,552,594	206,705,819
Cash, Cash Equivalents	$ 182,699,695	$ 218,338,658

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Property and Equipment [Abstract]
Property and equipment	$ 1,121,117	$ 530,071

Property and Equipment (Detai_2

Property and Equipment (Details) - Schedule of Property and Equipment - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Schedule of Property and Equipment [Line Items]
Property, Plant and Equipment	$ 24,429,015	$ 24,002,323
Accumulated depreciation	(5,433,453)	(4,312,336)
Net carrying value	18,995,562	19,689,987
Computer Hardware [Member]
Schedule of Property and Equipment [Line Items]
Property, Plant and Equipment	22,386,791	21,969,345
Furniture and Fixtures [Member]
Schedule of Property and Equipment [Line Items]
Property, Plant and Equipment	121,077	121,077
Leasehold Improvements [Member]
Schedule of Property and Equipment [Line Items]
Property, Plant and Equipment	$ 1,921,147	$ 1,911,901

Right-of-Use Assets and Lease_3

Right-of-Use Assets and Lease Liabilities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Right-of-Use Assets and Lease Liabilities [Abstract]
Operating expenses	$ 322,513	$ 152,818
Weighted-average remaining lease term	2 years 4 months 24 days		2 years 7 months 24 days
Weighted-average incremental borrowing rate	7.71%		7.52%

Right-of-Use Assets and Lease_4

Right-of-Use Assets and Lease Liabilities (Details) - Schedule of Leases Several Facilities - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Schedule of Right of Use Assets and Lease Liabilities [Abstract]
Cost, Right-of-use assets	$ 4,412,591	$ 3,833,184
Accumulated Depreciation, Right-of-use assets	(1,629,906)	(1,359,281)
Accumulated Depreciation, Net book value	$ 2,782,685	$ 2,473,903

Right-of-Use Assets and Lease_5

Right-of-Use Assets and Lease Liabilities (Details) - Schedule of Future Minimum Lease Payments - USD ($)		Mar. 31, 2024	Dec. 31, 2023
Schedule of Future Minimum Lease Payments [Abstract]
2024		$ 1,018,169
2025		1,264,698
2026		801,890
2027		48,863
Total		3,133,620
Less: imputed interest	[1]	228,973
Total right of use assets and lease liabilities		2,904,647
Current portion		1,227,589	$ 975,844
Long-term portion		$ 1,677,058	$ 1,630,837
[1] Imputed interest represents the difference between undiscounted cash flows and cash flows

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Intangible Assets [Abstract]
Amortization expense	$ 1,305,025	$ 151,003

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of Intangible Assets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount	$ 26,954,712	$ 25,511,372
Accumulated Amortization	(3,553,969)	(2,248,944)
Net Carrying Amount	23,400,743	23,262,428
Intellectual Property [Member]
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount	461,663	461,663
Accumulated Amortization	(108,524)	(101,023)
Net Carrying Amount	353,139	360,640
Domain name [Member]
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount	500,448	500,448
Accumulated Amortization	(94,359)	(86,019)
Net Carrying Amount	406,089	414,429
Brand [Member]
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount	1,284,000	1,284,000
Accumulated Amortization	(312,469)	(280,369)
Net Carrying Amount	971,531	1,003,631
Technology [Member]
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount	21,103,759	20,894,389
Accumulated Amortization	(2,665,937)	(1,618,906)
Net Carrying Amount	18,437,822	19,275,483
Internal-use software [Member]
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount	3,238,654	2,004,684
Accumulated Amortization	(281,134)	(116,854)
Net Carrying Amount	2,957,520	1,887,830
Assembled Workforce [Member]
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount	366,188	366,188
Accumulated Amortization	(91,546)	(45,773)
Net Carrying Amount	$ 274,642	$ 320,415

Intangible Assets (Details) -_2

Intangible Assets (Details) - Schedule of Estimated Future Amortization Expense - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Schedule of Estimated Future Amortization Expense [Abstract]
2024	$ 4,107,120
2025	5,347,279
2026	5,023,302
2027	4,616,107
2028	3,664,483
Thereafter	642,452
Net	$ 23,400,743	$ 23,262,428

Other Liability (Details)

Other Liability (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Other Liability [Abstract]
Other liability	$ 500,000	$ 500,000

Shareholders_ Equity (Details)

Shareholders’ Equity (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Shareholders’ Equity [Line Items]
Preferred stock par value	$ 0.0001	$ 0.0001
Additional shares	1,973,750
Target percentage	100%
Price of per share	$ 15
Share price	$ 17.5
Common Stock [Member]
Shareholders’ Equity [Line Items]
Shares authorized	1,000,000,000
Class A Common Stock
Shareholders’ Equity [Line Items]
Shares authorized	700,000,000	700,000,000
Common stock par value	$ 0.0001	$ 0.0001
Additional shares	105,000,000
Share held	$ 76,412,604
Target percentage	50%
Class A Common Stock | Sponsor [Member]
Shareholders’ Equity [Line Items]
Qualifying transaction, description	The term will expire September 16, 2027. If there is a change in control prior to September 16, 2027 resulting in a per share price equal to or in excess of the $15.00 and $17.50 share price milestones not previously met, then the Company shall issue the earnout shares to the holders.
Class A Common Stock | Minimum [Member]
Shareholders’ Equity [Line Items]
Closing price	$ 15
Class A Common Stock | Maximum [Member]
Shareholders’ Equity [Line Items]
Closing price	$ 17.5
Class C Common Stock
Shareholders’ Equity [Line Items]
Shares authorized	170,000,000	170,000,000
Class C Common Stock | Mr. Pavlovski [Member]
Shareholders’ Equity [Line Items]
Common stock par value	$ 0.0001
Class D Common Stock
Shareholders’ Equity [Line Items]
Shares authorized	110,000,000
Common stock par value	$ 0.0001
Common Stock [Member] | Class A Common Stock
Shareholders’ Equity [Line Items]
Shares authorized	700,000,000
Common stock shares issued	28,587,396
Preferred Stock [Member]
Shareholders’ Equity [Line Items]
Shares authorized	20,000,000
Preferred stock par value	$ 0.0001

Shareholders_ Equity (Details)

Shareholders’ Equity (Details) - Schedule of Common Stock Issued and Outstanding - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Schedule of Common Stock Issued and Outstanding [Line Items]
Number of common shares	386,062,724	386,062,724
Amount of common shares	$ 768,523	$ 768,523
Class A Common Stock [Member]
Schedule of Common Stock Issued and Outstanding [Line Items]
Number of common shares	115,126,700	114,926,700
Amount of common shares	$ 741,430	$ 741,410
Class C Common Stock [Member]
Schedule of Common Stock Issued and Outstanding [Line Items]
Number of common shares	165,153,621	165,353,621
Amount of common shares	$ 16,515	$ 16,535
Class D Common Stock [Member]
Schedule of Common Stock Issued and Outstanding [Line Items]
Number of common shares	105,782,403	105,782,403
Amount of common shares	$ 10,578	$ 10,578

Share-Based Compensation Expe_3

Share-Based Compensation Expense (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 16, 2022
Share-Based Compensation Expense (Details) [Line Items]
Weighted-average	11 months 12 days
Aggregate intrinsic value	$ 487,203,412
Aggregate intrinsic value of vested and exercisable	486,756,597
Unrecognized compensation cost	$ 10,011,998
Weighted-average period	2 years 5 months 4 days
Fair value of the outstanding option (in Dollars per share)	$ 0.95
Deferred Compensation Arrangement with Individual, Compensation Expense	$ 1,723,580
Total unrecognized compensation	$ 1,151,495
Share-Based Compensation [Member]
Share-Based Compensation Expense (Details) [Line Items]
Recognized share-based compensation expense
Rights to Contingent Consideration [Member]
Share-Based Compensation Expense (Details) [Line Items]
Weighted-average period	1 year 1 month 6 days
Total unrecognized compensation	$ 101,575
RSU [Member]
Share-Based Compensation Expense (Details) [Line Items]
Unrecognized compensation cost	$ 15,434,778
Weighted-average	1 year 2 months 15 days
Equity Option [Member]
Share-Based Compensation Expense (Details) [Line Items]
Unrecognized compensation cost	$ 3,000,000
Fair value of the outstanding option (in Dollars per share)	$ 8.37
Class A Common Stock [Member]
Share-Based Compensation Expense (Details) [Line Items]
Aggregate shares (in Shares)	36,361,367
Class A Common Stock [Member] | Equity Option [Member]
Share-Based Compensation Expense (Details) [Line Items]
Aggregate shares (in Shares)	58,165,382
Common Stock [Member]
Share-Based Compensation Expense (Details) [Line Items]
Company share issued (in Shares)			27,121,733

Share-Based Compensation Expe_4

Share-Based Compensation Expense (Details) - Schedule of Unvested Restricted Stock Units (“RSUs”) Transactions - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Share-Based Compensation Expense (Details) - Schedule of Unvested Restricted Stock Units (“RSUs”) Transactions [Line Items]
Number, Outstanding beginning | shares	1,631,338
Weighted Average Grant Date Fair Value, Outstanding beginning | $ / shares	$ 10.55
Number, Outstanding ending | shares	2,368,997
Weighted Average Grant Date Fair Value, Outstanding ending | $ / shares	$ 9.91
Number, Granted | shares	744,681
Weighted Average Grant Date Fair Value, Granted | $ / shares	$ 8.5
Number, Forfeited | shares	(7,022)
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	$ 7.95

Share-Based Compensation Expe_5

Share-Based Compensation Expense (Details) - Schedule of Stock Option Transactions	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Service Conditions [Member]
Share-Based Compensation Expense (Details) - Schedule of Stock Option Transactions [Line Items]
Number, Outstanding Beginning	65,004,839
Weighted Average Exercise Price, Outstanding Beginning (in Dollars per share) | $ / shares	$ 0.5
Number, Forfeited	(5,092,785)
Weighted Average Exercise Price, Forfeited (in Dollars per share) | $ / shares	$ 4.76
Number, Outstanding ending	59,912,054
Weighted Average Exercise Price, Outstanding, ending (in Dollars per share) | $ / shares	$ 0.41
Number, Vested and exercisable	58,141,104
Weighted Average Exercise Price, Vested and exercisable (in Dollars per share) | $ / shares	$ 0.14
Performance Conditions [Member]
Share-Based Compensation Expense (Details) - Schedule of Stock Option Transactions [Line Items]
Number, Outstanding Beginning	358,249
Weighted Average Exercise Price, Outstanding Beginning (in Dollars per share) | $ / shares	$ 9.42
Number, Forfeited
Number, Outstanding ending	358,249
Weighted Average Exercise Price, Outstanding, ending (in Dollars per share) | $ / shares	$ 9.42

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Commitments and Contingencies [Abstract]
Commitments amount	$ 84
Damages alleged amount	$ 419

Fair Value Measurements (Detail

Fair Value Measurements (Details) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Fair Value Measurements [Abstract]
Number of warrants outstanding	8,050,000	8,050,000
Weighted-average exercise price	$ 11.5	$ 11.5

Fair Value Measurements (Deta_2

Fair Value Measurements (Details) - Schedule of Liabilities Measured at Fair Value on a Recurring Basis	3 Months Ended
	Mar. 31, 2024 USD ($)
Warrant Liability [Member] | Level 1 [Member]
Schedule of Liabilities Measured at Fair Value on a Recurring Basis [Line Items]
Beginning Balance	$ 7,696,605
Change in fair value	10,737,895
Ending Balance	18,434,500
Marketable Securities [Member] | Level 2 [Member]
Schedule of Liabilities Measured at Fair Value on a Recurring Basis [Line Items]
Beginning Balance	1,135,200
Change in fair value
Ending Balance	1,135,200
Contingent Consideration [Member] | Level 3 [Member]
Schedule of Liabilities Measured at Fair Value on a Recurring Basis [Line Items]
Beginning Balance	1,569,360
Change in fair value	1,336,589
Ending Balance	$ 2,905,949

Credit and Concentration Risks

Credit and Concentration Risks (Details) - USD ($)		3 Months Ended
	Dec. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Credit and Concentration Risks [Line Items]
Revenue (in Dollars)		$ 2,675,574	$ 9,168,526
Customer Concentration Risk [Member] | One Customer [Member] | Revenue Benchmark [Member]
Credit and Concentration Risks [Line Items]
Concentration risk, percentage		15%
Customer Concentration Risk [Member] | One Customer [Member] | Accounts Receivable [Member]
Credit and Concentration Risks [Line Items]
Concentration risk, percentage		9%
Customer Concentration Risk [Member] | Two Customer [Member] | Revenue Benchmark [Member]
Credit and Concentration Risks [Line Items]
Concentration risk, percentage			52%
Customer Concentration Risk [Member] | Two Customer [Member] | Accounts Receivable [Member]
Credit and Concentration Risks [Line Items]
Concentration risk, percentage	35%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Related Party Transactions [Line Items]
Compensation expenses	$ 2,202,232	$ 1,673,431
Incurred related party expenses	779,478	564,649
Related Party [Member]
Related Party Transactions [Line Items]
Compensation expenses	$ 3,345,147	$ 2,951,232

Segment Information (Details)

Segment Information (Details)	3 Months Ended
	Mar. 31, 2024
Segment Information [Abstract]
Number of operating segment	1

Segment Information (Details) -

Segment Information (Details) - Schedule of Revenue by Geographic Region - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Revenue by Geographic Region [Line Items]
Revenue by geographic region	$ 17,733,456	$ 17,615,375
United States [Member]
Schedule of Revenue by Geographic Region [Line Items]
Revenue by geographic region	16,958,276	16,155,288
Canada [Member]
Schedule of Revenue by Geographic Region [Line Items]
Revenue by geographic region	182,281	64,512
Other [Member]
Schedule of Revenue by Geographic Region [Line Items]
Revenue by geographic region	$ 592,899	$ 1,395,575

Segment Information (Details)_2

Segment Information (Details) - Schedule of Long-Lived Assets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Long lived assets, net	$ 18,995,562	$ 19,689,987
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long lived assets, net	18,673,636	19,334,231
Canada [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long lived assets, net	$ 321,926	$ 355,756