The Arena Group Holdings, Inc. (AREN) 10-Q 16 Aug 21 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2021	Aug. 13, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	1-12471
Entity Registrant Name	THEMAVEN, INC.
Entity Central Index Key	0000894871
Entity Tax Identification Number	68-0232575
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	225 Liberty Street
Entity Address, Address Line Two	27th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10281
City Area Code	212
Local Phone Number	321-5002
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		263,441,879

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 6,722,864	$ 9,033,872
Restricted cash	500,809	500,809
Accounts receivable, net	14,715,524	16,497,626
Subscription acquisition costs, current portion	36,606,560	28,146,895
Royalty fees, current portion	15,000,000	15,000,000
Prepayments and other current assets	8,856,607	4,667,263
Total current assets	82,402,364	73,846,465
Property and equipment, net	1,092,030	1,129,438
Operating lease right-of-use assets	17,918,322	18,292,196
Platform development, net	8,056,575	7,355,608
Royalty fees, net of current portion	3,750,000	11,250,000
Subscription acquisition costs, net of current portion	18,682,545	13,358,585
Acquired and other intangible assets, net	61,599,855	71,501,835
Other long-term assets	1,451,897	1,330,812
Goodwill	23,595,779	16,139,377
Total assets	218,549,367	214,204,316
Current liabilities:
Accounts payable	8,232,790	8,228,977
Accrued expenses and other	17,745,191	14,718,193
Line of credit	4,929,583	7,178,791
Unearned revenue	71,898,175	61,625,676
Subscription refund liability	4,772,991	4,035,531
Operating lease liabilities	953,635	1,059,671
Liquidated damages payable	10,932,094	9,568,091
Warrant derivative liabilities	1,452,838	1,147,895
Total current liabilities	120,917,297	107,562,825
Unearned revenue, net of current portion	28,160,455	23,498,597
Restricted stock liabilities, net of current portion	1,027,801	1,995,810
Operating lease liabilities, net of current portion	19,496,691	19,886,083
Other long-term liabilities	1,050,284	753,365
Deferred tax liabilities	807,659	210,832
Long-term debt	61,110,728	62,194,272
Total liabilities	232,570,915	216,101,784
Commitments and contingencies (Note 13)
Mezzanine equity:
Total mezzanine equity	18,415,992	18,415,992
Stockholders’ deficiency:
Common stock, $0.01 par value, authorized 1,000,000,000 shares; issued and outstanding: 263,175,743 and 229,085,167 shares at June 30, 2021 and December 31, 2020, respectively	2,631,757	2,290,851
Common stock to be issued	10,809	10,809
Additional paid-in capital	173,313,043	139,658,166
Accumulated deficit	(208,393,149)	(162,273,286)
Total stockholders’ deficiency	(32,437,540)	(20,313,460)
Total liabilities, mezzanine equity and stockholders’ deficiency	218,549,367	214,204,316
Series G Redeemable And Convertible Preferred Stock [Member]
Mezzanine equity:
Total mezzanine equity	168,496	168,496
Series H Convertible Preferred Stock [Member]
Mezzanine equity:
Total mezzanine equity	$ 18,247,496	$ 18,247,496

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	263,175,743	229,085,167
Common stock, shares outstanding	263,175,743	229,085,167
Series G Redeemable And Convertible Preferred Stock [Member]
Temporary equity, par value	$ 0.01	$ 0.01
Temporary equity, liquidation preference per share value	$ 1,000	$ 1,000
Temporary equity, shares authorized	1,800	1,800
Temporary equity, liquidation preference value	$ 168,496	$ 168,496
Temporary equity, shares issued	168,496	168,496
Temporary equity, shares outstanding	168,496	168,496
Temporary equity, common shares issuable upon conversion	$ 188,791	$ 188,791
Series H Convertible Preferred Stock [Member]
Temporary equity, par value	$ 0.01	$ 0.01
Temporary equity, liquidation preference per share value	$ 1,000	$ 1,000
Temporary equity, shares authorized	23,000	23,000
Temporary equity, liquidation preference value	$ 19,597,000	$ 19,597,000
Temporary equity, shares issued	19,597	19,597
Temporary equity, shares outstanding	19,597	19,597
Temporary equity, common shares issuable upon conversion	$ 59,384,849	$ 59,384,849

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Revenue	$ 34,746,512	$ 23,090,940	$ 68,361,993	$ 53,503,793
Cost of revenue (includes amortization of developed technology and platform development for six months ended 2021 and 2020 of $4,324,357 and $4,259,333, respectively)	23,595,819	24,874,179	51,804,191	51,613,012
Gross profit (loss)	11,150,693	(1,783,239)	16,557,802	1,890,781
Operating expenses
Selling and marketing	14,881,455	8,409,343	32,410,164	17,769,281
General and administrative	15,567,647	7,270,511	21,206,477	17,680,716
Depreciation and amortization	3,963,332	4,127,126	7,926,566	8,223,806
Total operating expenses	34,412,434	19,806,980	61,543,207	43,673,803
Loss from operations	(23,261,741)	(21,590,219)	(44,985,405)	(41,783,022)
Other (expense) income
Change in valuation of warrant derivative liabilities	360,093	243,276	(304,943)	382,495
Change in valuation of embedded derivative liabilities		2,922,000		4,543,000
Interest expense	(2,362,709)	(4,116,407)	(5,182,680)	(7,916,135)
Interest income	471	1,640	471	3,383
Liquidated damages	(1,109,369)	(621,619)	(1,364,003)	(1,167,674)
Gain upon debt extinguishment	5,716,697		5,716,697
Total other expense	2,605,183	(1,571,110)	(1,134,458)	(4,154,931)
Loss before income taxes	(20,656,558)	(23,161,329)	(46,119,863)	(45,937,953)
Income taxes
Net loss	$ (20,656,558)	$ (23,161,329)	$ (46,119,863)	$ (45,937,953)
Basic and diluted net loss per common stock	$ (0.09)	$ (0.59)	$ (0.20)	$ (1.17)
Weighted average number of common stock outstanding – basic and diluted	242,283,035	39,217,524	236,226,197	39,171,629

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Unaudited) (Parenthetical) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Amortization cost of developed technology and platform development	$ 4,324,357	$ 4,259,333

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity Deficiency (Unaudited) - USD ($)	Common Stock [Member]	Common Stock To Be Issued [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2019	$ 371,190	$ 39,383	$ 35,562,766	$ (73,041,323)	$ (37,067,984)
Beginning balance, shares at Dec. 31, 2019	37,119,117	3,938,287
Issuance of restricted stock awards to the board of directors	$ 5,625		(5,625)
Issuance of restricted stock awards to the board of directors, shares	562,500
Common stock withheld for taxes	$ (2,069)		(167,412)		(169,481)
Common stock withheld for taxes, shares	(206,881)
Issuance of restricted stock units in connection with the acquisition of LiftIgniter			500,000		500,000
Issuance of restricted stock units in connection with the acquisition of LiftIgniter, Shares
Stock-based compensation			3,930,172		3,930,172
Net loss				(22,776,624)	(22,776,624)
Ending balance, value at Mar. 31, 2020	$ 374,746	$ 39,383	39,819,901	(95,817,947)	(55,583,917)
Ending balance, shares at Mar. 31, 2020	37,474,736	3,938,287
Beginning balance, value at Dec. 31, 2019	$ 371,190	$ 39,383	35,562,766	(73,041,323)	(37,067,984)
Beginning balance, shares at Dec. 31, 2019	37,119,117	3,938,287
Issuance of common stock in connection with private placement
Issuance of common stock in connection with professional services
Net loss					(45,937,953)
Ending balance, value at Jun. 30, 2020	$ 385,902	$ 25,879	43,992,975	(118,979,276)	(74,574,520)
Ending balance, shares at Jun. 30, 2020	38,590,363	2,587,893
Beginning balance, value at Mar. 31, 2020	$ 374,746	$ 39,383	39,819,901	(95,817,947)	(55,583,917)
Beginning balance, shares at Mar. 31, 2020	37,474,736	3,938,287
Issuance of common stock in connection with the acquisition of Say Media	$ 13,504	$ (13,504)
Issuance of common stock in connection with the acquisition of Say Media, shares	1,350,394	(1,350,394)
Common stock withheld for taxes	$ (2,348)		(109,992)		(112,340)
Common stock withheld for taxes, shares	(234,767)
Stock-based compensation			4,283,066		4,283,066
Net loss				(23,161,329)	(23,161,329)
Ending balance, value at Jun. 30, 2020	$ 385,902	$ 25,879	43,992,975	(118,979,276)	(74,574,520)
Ending balance, shares at Jun. 30, 2020	38,590,363	2,587,893
Beginning balance, value at Dec. 31, 2020	$ 2,290,851	$ 10,809	139,658,166	(162,273,286)	(20,313,460)
Beginning balance, shares at Dec. 31, 2020	229,085,167	1,080,930
Issuance of restricted stock awards to the board of directors	$ 8,052		(8,052)
Issuance of restricted stock awards to the board of directors, shares	805,165
Repurchase of restricted stock classified as liabilities	$ (1,331)		1,331
Repurchase restricted stock classified as liabilities, shares	(133,068)
Issuance of restricted stock units in connection with the acquisition of LiftIgniter	$ 2,567		(2,567)
Issuance of restricted stock units in connection with the acquisition of LiftIgniter, Shares	256,661
Issuance of common stock in connection with professional services	$ 3,125		121,875		125,000
Issuance of common stock in connection with professional services, shares	312,500
Stock-based compensation			5,408,207		5,408,207
Net loss				(25,463,305)	(25,463,305)
Ending balance, value at Mar. 31, 2021	$ 2,303,264	$ 10,809	145,178,960	(187,736,591)	(40,243,558)
Ending balance, shares at Mar. 31, 2021	230,326,425	1,080,930
Beginning balance, value at Dec. 31, 2020	$ 2,290,851	$ 10,809	139,658,166	(162,273,286)	(20,313,460)
Beginning balance, shares at Dec. 31, 2020	229,085,167	1,080,930
Issuance of common stock in connection with private placement					20,005,000
Issuance of common stock in connection with professional services					125,000
Net loss					(46,119,863)
Ending balance, value at Jun. 30, 2021	$ 2,631,757	$ 10,809	173,313,043	(208,393,149)	(32,437,540)
Ending balance, shares at Jun. 30, 2021	263,175,743	1,080,930
Beginning balance, value at Mar. 31, 2021	$ 2,303,264	$ 10,809	145,178,960	(187,736,591)	(40,243,558)
Beginning balance, shares at Mar. 31, 2021	230,326,425	1,080,930
Issuance of restricted stock in connection with the acquisition of The Spun	$ 42,857		(42,857)
Issuance of restricted stock in connection with the acquisition of The Spun, shares	4,285,714
Issuance of restricted stock awards to the board of directors	$ 822		(822)
Issuance of restricted stock awards to the board of directors, shares	82,158
Cashless exercise of common stock	$ 849		(849)
Cashless exercise of common stock, shares	84,891
Common stock withheld for taxes	$ (490)		(40,630)		(41,120)
Common stock withheld for taxes, shares	(48,952)
Repurchase of restricted stock classified as liabilities	$ (1,331)		1,331
Repurchase restricted stock classified as liabilities, shares	(133,068)
Issuance of common stock in connection with private placement	$ 285,786		19,551,971		19,837,757
Issuance of common stock in connection with private placement, shares	28,578,575
Stock-based compensation			8,665,939		8,665,939
Net loss				(20,656,558)	(20,656,558)
Ending balance, value at Jun. 30, 2021	$ 2,631,757	$ 10,809	$ 173,313,043	$ (208,393,149)	$ (32,437,540)
Ending balance, shares at Jun. 30, 2021	263,175,743	1,080,930

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Cash flows from operating activities
Net loss	$ (20,656,558)	$ (25,463,305)	$ (23,161,329)	$ (22,776,624)	$ (46,119,863)	$ (45,937,953)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property and equipment					219,726	396,966
Amortization of platform development and intangible assets					12,031,197	12,086,173
Gain upon debt extinguishment	(5,716,697)				(5,716,697)
Amortization of debt discounts					1,000,882	3,206,982
Change in valuation of warrant derivative liabilities	(360,093)		(243,276)		304,943	(382,495)
Change in valuation of embedded derivative liabilities			(2,922,000)			(4,543,000)
Accrued interest					3,632,271	4,385,240
Liquidated damages					1,364,003	1,167,674
Stock-based compensation					13,215,394	7,343,575
Other					(759,977)	(141,188)
Change in operating assets and liabilities net of effect of business combination:
Accounts receivable					4,375,402	5,852,029
Subscription acquisition costs					(13,783,625)	(9,975,651)
Royalty fees					7,500,000	7,500,000
Prepayments and other current assets					(4,059,777)	(156,872)
Other long-term assets					(121,085)	(714,062)
Accounts payable					3,813	(1,167,051)
Accrued expenses and other					1,714,013	(4,279,568)
Unearned revenue					14,934,357	6,806,829
Subscription refund liability					737,460	133,677
Operating lease liabilities					(404,173)	998,010
Net cash used in operating activities					(9,931,736)	(17,420,685)
Cash flows from investing activities
Purchases of property and equipment					(182,318)	(1,065,223)
Capitalized platform development					(1,971,432)	(2,061,081)
Payments for acquisition of business, net of cash acquired					(7,056,949)	(315,289)
Net cash used in investing activities					(9,210,699)	(3,441,593)
Cash flows from financing activities
Proceeds from long-term debt						11,702,725
Borrowings (repayments) under line of credit					(2,249,208)	3,243,882
Proceeds from common stock private placement	19,837,757				20,005,000
Payments of issuance costs from common stock private placement					(167,243)
Payment for taxes related to repurchase of restricted common stock					(41,120)	(281,821)
Payment of restricted stock liabilities					(716,002)
Net cash provided by financing activities					16,831,427	14,664,786
Net decrease in cash, cash equivalents, and restricted cash					(2,311,008)	(6,197,492)
Cash, cash equivalents, and restricted cash – beginning of period		9,534,681		$ 9,473,090	9,534,681	9,473,090	$ 9,473,090
Cash, cash equivalents, and restricted cash – end of period	$ 7,223,673		$ 3,275,598		7,223,673	3,275,598	$ 9,534,681
Supplemental disclosure of cash flow information
Cash paid for interest					289,483	323,913
Cash paid for income taxes
Noncash investing and financing activities
Reclassification of stock-based compensation to platform development					858,752	869,663
Issuance of common stock in connection with professional services		$ 125,000			125,000
Deferred cash payments in connection with acquisition of The Spun					1,639,016
Assumption of liabilities in connection with acquisition of The Spun					1,500
Debt discount on delayed draw term note						913,865
Restricted stock units issued in connection with acquisition of LiftIgniter						500,000
Assumption of liabilities in connection with acquisition of LiftIgniter						$ 140,381

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The condensed consolidated financial statements include the accounts of TheMaven, Inc. and its wholly owned subsidiaries (“Maven” or the “Company”), after eliminating all significant intercompany balances and transactions. The Company does not have any off-balance sheet arrangements. The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the SEC. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements, which are included in Maven’s Annual Report on Form 10-K (the “Form 10-K”) for the year ended December 31, 2020, filed with the SEC on August 16, 2021. The condensed consolidated financial statements as of December 31, 2020, and for the three months ended June 30, 2021 and 2020, are unaudited but, in management’s opinion, include all adjustments necessary for a fair presentation of the results of interim periods. All such adjustments are of a normal recurring nature. The year-end condensed consolidated balance sheet as of December 31, 2020, was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. The results of operations for interim periods are not necessarily indicative of the results to be expected for the entire fiscal year. The Company’s impact during the first quarter of 2021 by the novel coronavirus (“COVID-19”) pandemic has been to a lesser extent than in 2020. Beginning in 2021, restrictions on non-essential work activity have begun to lift and sporting and other events have begun to be held, with attendance closer to pre-pandemic levels, which has resulted in an increase in traffic and advertising revenue. The Company expects a continued modest growth in advertising revenue back toward pre-pandemic levels, however, such growth depends on future developments, including the duration and spread of the COVID-19 pandemic, whether related group gathering and sports event advisories and restrictions will be put in place again, and the extent and effectiveness of containment and other actions taken, including the percentage of the population that receives COVID-19 vaccinations. Reclassifications Certain prior year amounts have been reclassified to conform to the fiscal 2020 presentation. Use of Estimates Preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Actual results could differ materially from these estimates. On an ongoing basis, the Company evaluates its estimates, including those related to the allowance for credit losses, fair values of financial instruments, capitalization of platform development, intangible assets and goodwill, useful lives of intangible assets and property and equipment, income taxes, fair value of assets acquired and liabilities assumed in the business acquisitions, determination of the fair value of stock-based compensation and valuation of derivatives liabilities and contingent liabilities, among others. The Company bases its estimates on assumptions, both historical and forward looking, that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Contract Modifications The Company occasionally enters into amendments to previously executed contracts that constitute contract modifications. The Company assesses each of these contract modifications to determine: ● if the additional services and goods are distinct from the services and goods in the original arrangement; and ● if the amount of consideration expected for the added services or goods reflects the stand-alone selling price of those services and goods. A contract modification meeting both criteria is accounted for as a separate contract. A contract modification not meeting both criteria is considered a change to the original contract and is accounted for on either a prospective basis as a termination of the existing contract and the creation of a new contract, or a cumulative catch-up basis (see Note 3 and Note 12). Recently Adopted Accounting Standards In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40) In October 2020, the FASB issued ASU 2020-08, Codification Improvements to Subtopic 310-20 – Receivables – Nonrefundable Fees and Other Costs In October 2020, the FASB issued ASU 2020-10, Codification Improvements Loss per Common Share Basic loss per share is computed using the weighted average number of common shares outstanding during the period and excludes any dilutive effects of common stock equivalent shares, such as stock options, restricted stock, and warrants. All restricted stock awards are considered outstanding but is included in the computation of basic loss per common share only when the underlying restrictions expire, the shares are no longer forfeitable, and are thus vested. All restricted stock units are included in the computation of basic loss per common share only when the underlying restrictions expire, the shares are no longer forfeitable, and are thus vested. Contingently issuable shares are included in basic loss per common share only when there are no circumstances under which those shares would not be issued. Diluted loss per common share is computed using the weighted average number of common shares outstanding and common stock equivalent shares outstanding during the period using the treasury stock method. Common stock equivalent shares are excluded from the computation if their effect is anti-dilutive. The Company excluded the outstanding securities summarized below (capitalized terms are described herein), which entitle the holders thereof to acquire shares of the Company’s common stock, from its calculation of net income loss per common share, as their effect would have been anti-dilutive. Schedule of Net Income (Loss) Per Common Share As of June 30, 2021 2020 Series G convertible preferred stock 188,791 188,791 Series H Preferred Stock 59,384,849 58,787,879 Series I Preferred Stock - 46,200,000 Series J Preferred Stock - 28,571,428 Indemnity shares of common stock - 412,500 Restricted Stock Awards 4,444,047 1,433,332 Financing Warrants 2,882,055 2,882,055 ABG Warrants 21,989,844 21,989,844 AllHipHop warrants 125,000 - Publisher Partner Warrants 789,541 789,541 Restricted Stock Units - 2,399,997 Common Stock Awards 6,872,890 8,033,936 Common Equity Awards 160,352,784 82,744,480 Outside Options 3,050,000 2,986,000 Total 260,079,801 257,419,783

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Acquisitions	2. Acquisitions College Spun Media Incorporated 11,829,893 in cash and the issuance of an aggregate of 4,285,714 restricted shares of the Company’s common stock, with one-half of the shares vesting on the first anniversary of the closing date and the remaining one-half of the shares vesting on the second anniversary of the closing date, subject to a customary working capital adjustment based on cash and accounts receivable as of the closing date. The cash payment consists of: (i) $ 10,829,893 paid at closing (of the cash paid at closing, $ 829,893 represents adjusted cash pursuant to the working capital adjustments), and (ii) $ 500,000 to be paid on the first anniversary of the closing and $ 500,000 to be paid on the second anniversary date of the closing. The vesting of shares of the Company’s common stock is subject to the continued employment of certain selling employees. The Spun operates in the United States. The composition of the preliminary purchase price is as follows: Schedule of Preliminary Purchase Price Cash $ 10,829,893 Deferred cash payments 1,639,016 Total purchase consideration $ 12,468,909 The Company incurred $ 128,076 The preliminary purchase price allocation resulted in the following amounts being allocated to the assets acquired and liabilities assumed at the closing date of the acquisition based upon their respective fair values as summarized below: Summary of Price Allocation for Acquisition Cash $ 3,772,944 Accounts receivable 1,833,323 Other current assets 4,567 Goodwill 7,456,402 Accrued expenses (1,500 ) Deferred tax liabilities (596,827 ) Net assets acquired $ 12,468,909 The excess of purchase price over the fair value amounts assigned to the assets acquired and liabilities assumed represents goodwill from the acquisition. Goodwill is recorded as a non-current asset that is not amortized but is subject to an annual review for impairment. No portion of the goodwill will be deductible for tax purposes. Petametrics Inc. 184,087 on February 19, 2020, in connection with the repayment of all outstanding indebtedness, (2) at closing, a cash payment of $ 131,202 , (3) collections of certain accounts receivable, (4) on the first anniversary date of the closing, the issuance of restricted stock units for an aggregate of up to 312,500 shares of the Company’s common stock (of which 256,661 shares of the Company’s common stock were issued during the three months ended June 30, 2021 and 55,839 are to be issued), and (5) on the second anniversary date of the closing, the issuance of restricted stock units for an aggregate of up to 312,500 shares of the Company’s common stock. The composition of the purchase price is as follows: Schedule of Preliminary Purchase Price Cash $ 315,289 Indemnity restricted stock units for shares of common stock 500,000 Total purchase consideration $ 815,289 The purchase price allocation resulted in the following amounts being allocated to the assets acquired and liabilities assumed at the closing date of the acquisition based upon their respective fair values as summarized below: Summary of Price Allocation for Acquisition Accounts receivable $ 37,908 Developed technology 917,762 Accounts payable (53,494 ) Unearned revenue (86,887 ) Net assets acquired $ 815,289 The useful life for the developed technology is three years ( 3.0

Balance Sheet Components

Balance Sheet Components	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Balance Sheet Components	3. Balance Sheet Components The components of certain balance sheet amounts are as follows: Accounts Receivable 758,228 892,352 Subscription Acquisition Costs 36,606,560 28,146,895 18,682,545 13,358,585 Certain contract amendments resulted in a modification to the subscription acquisition costs that will be recognized on a prospective basis in the same proportion as the revenue that has not yet been recognized (further details are provided under the heading Contract Balances Property and Equipment Schedule of Property and Equipment As of June 30, 2021 December 31, 2020 Office equipment and computers $ 1,523,610 $ 1,341,292 Furniture and fixtures 19,997 19,997 Leasehold improvements 345,516 345,516 Gross property and equipment costs 1,889,123 1,706,805 Less accumulated depreciation and amortization (797,093 ) (577,367 ) Net property and equipment $ 1,092,030 $ 1,129,438 Depreciation and amortization expense for the three months ended June 30, 2021 and 2020 was $ 109,912 and $ 102,067 , respectively. Depreciation and amortization expense for the six months ended June 30, 2021 and 2020 was $ 219,726 and $ 241,830 , respectively. Depreciation and amortization expense is included in selling and marketing expenses and general and administrative expenses, as appropriate, on the consolidated statements of operations. Platform Development Summary of Platform Development Costs June 30, 2021 December 31, 2020 As of June 30, 2021 December 31, 2020 Platform development $ 18,857,612 $ 16,027,428 Less accumulated amortization (10,801,037 ) (8,671,820 ) Net platform development $ 8,056,575 $ 7,355,608 A summary of platform development activity for the six months ended June 30, 2021 and year ended December 31, 2020 is as follows: Summary of Platform Development Cost Activity June 30, 2021 December 31, 2020 As of June 30, 2021 December 31, 2020 Platform development beginning of period $ 16,027,428 $ 10,678,692 Payroll-based costs capitalized during the period 1,971,432 3,750,541 Total capitalized costs 17,998,860 14,429,233 Stock-based compensation 858,752 1,608,995 Dispositions - (10,800 ) Platform development end of period $ 18,857,612 $ 16,027,428 Amortization expense for the three months ended June 30, 2021 and 2020, was $ 1,060,372 1,037,834 2,129,217 1,958,658 Intangible Assets Schedule of Intangible Assets Subjects to Amortization As of June 30, 2021 As of December 31, 2020 Carrying Amount Accumulated Amortization Net Carrying Amount Carrying Amount Accumulated Amortization Net Carrying Amount Developed technology $ 19,070,857 $ (10,478,880 ) $ 8,591,977 $ 19,070,857 $ (8,283,740 ) $ 10,787,117 Noncompete agreement 480,000 (480,000 ) - 480,000 (480,000 ) - Trade name 3,328,000 (642,642 ) 2,685,358 3,328,000 (503,342 ) 2,824,658 Subscriber relationships 73,458,799 (25,363,643 ) 48,095,156 73,458,799 (18,105,041 ) 55,353,758 Advertiser relationships 2,240,000 (451,453 ) 1,788,547 2,240,000 (332,515 ) 1,907,485 Database 1,140,000 (721,183 ) 418,817 1,140,000 (531,183 ) 608,817 Subtotal amortizable intangible assets 99,717,656 (38,137,801 ) 61,579,855 99,717,656 (28,235,821 ) 71,481,835 Website domain name 20,000 - 20,000 20,000 - 20,000 Total intangible assets $ 99,737,656 $ (38,137,801 ) $ 61,599,855 $ 99,737,656 $ (28,235,821 ) $ 71,501,835 Amortization expense for the three months ended June 30, 2021 and 2020 was $ 4,950,990 5,094,791 9,901,980 10,127,515 No

Leases

Leases	6 Months Ended
	Jun. 30, 2021
Leases
Leases	4. Leases The Company’s leases are primarily comprised of real estate leases for the use of office space, with certain lease arrangements that contain equipment. The Company determines whether an arrangement contains a lease at inception. Lease assets and liabilities are recognized upon commencement of the lease based on the present value of the future minimum lease payments over the lease term. The lease term includes options to extend the lease when it is reasonably certain that the Company will exercise that option. Substantially all of the leases are long-term operating leases for facilities with fixed payment terms between 1.5 12.8 The table below presents supplemental information related to operating leases: Schedule of Supplemental Information Related to Operating Leases Six Months Ended June 30, 2021 Operating cash flows for operating leases $ 1,938,629 Noncash lease liabilities arising from obtaining operating leased assets during the period $ - Weighted-average remaining lease term 10.80 Weighted-average discount rate 13.59 % The Company generally utilizes its incremental borrowing rate based on information available at the commencement of the lease in determining the present value of future payments since the implicit rate for most of the Company’s leases is not readily determinable. Variable lease expense includes rental increases that are not fixed, such as those based on amounts paid to the lessor based on cost or consumption, such as maintenance and utilities. Operating lease costs recognized for the three months ended June 30, 2021 and 2020 were $ 906,838 1,062,181 1,815,303 2,100,085 Maturities of operating lease liabilities as of June 30, 2021 are summarized as follows: Summary of Maturity of Lease Liabilities Years Ending December 31, 2021 (remaining six months of the year) $ 1,866,224 2022 3,525,158 2023 3,528,696 2024 3,526,406 2025 3,740,591 Thereafter 23,822,981 Minimum lease payments 40,010,056 Less imputed interest (19,559,730 ) Present value of operating lease liabilities $ 20,450,326 Current portion of operating lease liabilities $ 953,635 Long-term portion of operating lease liabilities 19,496,691 Total operating lease liabilities $ 20,450,326

Line of Credit

Line of Credit	6 Months Ended
	Jun. 30, 2021
Line Of Credit
Line of Credit	5. Line of Credit FastPay Credit Facility 15,000,000 line of credit for working capital purposes secured by a first lien on all of the Company’s cash and accounts receivable and a second lien on all other assets. Borrowings under the facility bear interest at the LIBOR Rate plus 8.50 % and have a final maturity of February 6, 2022 . The balance outstanding as of June 30, 2021 and December 31, 2020 was $ 4,929,583 and $ 7,178,791 , respectively. As of the date these condensed consolidated financial statements were issued or were available to be issued the balance outstanding was approximately $ 6,500,000.

Restricted Stock Liabilities

Restricted Stock Liabilities	6 Months Ended
	Jun. 30, 2021
Restricted Stock Liabilities
Restricted Stock Liabilities	6. Restricted Stock Liabilities On December 15, 2020, the Company entered into an amendment for certain restricted stock awards and units that were previously issued to certain employees in connection with a previous merger. Pursuant to the amendment, the Company committed to repurchase 1,064,549 vested restricted stock awards as of December 31, 2020 at a price of $ 4.00 per share in 24 equal monthly installments on the second business day of each calendar month beginning January 4, 2021, subject to certain conditions. The following table presents the components of the restricted stock liabilities as of June 30, 2021 and December 31, 2020: Schedule of Components of Restricted Stock Liabilities As of June 30, 2021 December 31, 2020 Restricted stock liabilities recorded upon modification of the restricted stock awards and units ( 1,064,549 4.00 $ 4,258,196 $ 4,258,196 Less imputed interest (457,462 ) (457,462 ) Present value of restricted stock liabilities 3,800,734 3,800,734 Less payments (excluding imputed interest) (893,427 ) (177,425 ) Restricted stock liabilities $ 2,907,307 $ 3,623,309 Current portion of restricted stock liabilities $ 1,879,506 $ 1,627,499 Long-term portion of restricted stock liabilities 1,027,801 1,995,810 Total restricted stock liabilities $ 2,907,307 $ 3,819,560

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	7. Fair Value Measurements The Company estimates the fair value of financial instruments using available market information and valuation methodologies the Company believes to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts the Company would realize upon disposition. The fair value hierarchy consists of three broad levels of inputs that may be used to measure fair value, which are described below: ● Level 1 Quoted prices (unadjusted) in active markets for identical assets or liabilities; ● Level 2 Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable; and ● Level 3 Assets or liabilities for which fair value is based on valuation models with significant unobservable pricing inputs and which result in the use of management estimates. The Company accounts for certain warrants (as described under the heading Common Stock Warrants These warrants and the embedded conversion features are classified as Level 3 within the fair-value hierarchy. Inputs to the valuation model include the Company’s publicly quoted stock price, the stock volatility, the risk-free interest rate, the remaining life of the warrants, notes and debentures, the exercise price or conversion price, and the dividend rate. The Company uses the closing stock price of its common stock over an appropriate period of time to compute stock volatility. Warrant Derivative Liabilities The following table presents the assumptions used for the warrant derivative liabilities under the Black-Scholes option-pricing model: Schedule of Warrant Derivative Liabilities As of June 30, 2021 As of December 31, 2020 Strome Warrants B. Riley Warrants Strome Warrants B. Riley Warrants Expected life 1.96 4.30 2.45 4.79 Risk-free interest rate 0.25 % 0.67 % 0.13 % 0.36 % Volatility factor 147.10 % 134.44 % 150.55 % 140.95 % Dividend rate 0 % 0 % 0 % 0 % Transaction date closing market price $ 0.78 $ 0.78 $ 0.60 $ 0.60 Exercise price $ 0.50 $ 1.00 $ 0.50 $ 1.00 The following table represents the carrying amounts and change in valuation for the Company’s warrants accounted for as a derivative liability and classified within Level 3 of the fair-value hierarchy: Schedule of Valuation Activity for Warrants Accounted for Derivative Liability As of and for the Six Months Ended June 30, 2021 As of and for the Six Months Ended June 30, 2020 Carry Amount at Beginning of Period Change in Valuation Carrying Amount at End of Period Carry Amount at Beginning of Period Change in Valuation Carrying Amount at End of Period Strome Warrants $ 704,707 $ 185,156 $ 889,863 $ 1,036,687 $ (260,345 ) $ 776,342 B. Riley Warrants 443,188 119,787 562,975 607,513 (122,150 ) 485,363 Total $ 1,147,895 $ 304,943 $ 1,452,838 $ 1,644,200 $ (382,495 ) $ 1,261,705 For the three months ended June 30, 2021 and 2020, the change in valuation of warrant derivative liabilities recognized as other income on the condensed consolidated statement of operations, was $ 360,093 243,276 ($304,943) 382,495 Embedded Derivative Liabilities For the three months ended June 30, 2020, the change in valuation of embedded derivative liabilities recognized as other income on the condensed consolidated statements of operations was $ 2,922,000 4,543,000

Long-term Debt

Long-term Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Long-term Debt	8. Long-term Debt 12% Second Amended Senior Secured Notes Below is a summary of the various amended and restated notes, as well as various amendments thereto, to the 12 June 10, 2019 $20,000,000 ● Amended and restated note issued on June 14, 2019, where the Company received gross proceeds of $48,000,000 $68,000,000 June 14, 2022 ● First amendment to the amended and restated note issued on August 27, 2019, where the Company received gross proceeds of $3,000,000 ● Second amendment to the amended and restated note issued on February 27, 2020, where the Company issued a $3,000,000 ● Second amended and restated note issued on March 24, 2020, where the Company was permitted to enter into a 15.0 $12,000,000 ● First amendment to second amended and restated note issued on March 24, 2020 was entered into on October 23, 2020 (“Amendment 1”), where the maturity date was changed to December 31, 2022, subject to certain acceleration conditions and interest payable on the notes on September 30, 2020, December 31, 2020, March 31, 2021, June 30, 2021, September 30, 2021, and December 31, 2021 will be payable in-kind in arrears on the last day of such fiscal quarter. Alternatively, at the option of the holder, such interest amounts originally could have been paid in shares of Series K convertible preferred stock (the “Series K Preferred Stock”); however, after December 18, 2020, the date the Series K Preferred Stock converted into shares of the Company’s common stock, such interest amounts can be converted into shares of the Company’s common stock based upon the conversion rate specified in the Certificate of ● Second amendment to the second amended and restated note issued March 24, 2020 was entered into on May 19, 2021 (“Amendment 2”), with BRF Finance Co., LLC, an affiliated entity of B. Riley Financial, Inc. (“B. Riley”), in its capacity as agent for the purchasers and as purchaser, pursuant to which: (i) the interest rate on the 12 % Second Amended Senior Secured Notes decreased from a rate of 12% per annum to a rate of 10 % per annum; and (ii) the Company agreed that within one (1) business day after receipt of cash proceeds from any issuance of equity interests, it will prepay the certain obligations in an amount equal to such cash proceeds, net of underwriting discounts and commissions; provided, that, this mandatory prepayment obligation does not apply to any proceeds that the Company received from shares of the Company’s common stock issued pursuant to the securities purchase agreement (as further described below under the heading Common Stock Private Placement Collectively the amended and restated notes and amendments thereto and the second amended and restated notes and Amendment 1 and Amendment 2 thereto are referred to as the “12% Second Amended Senior Secured Notes,” with all borrowings collateralized by substantially all assets of the Company. Delayed Draw Term Note On March 24, 2020, the Company entered into a 15% delayed draw term note (the “Delayed Draw Term Note”) pursuant to the second amended and restated note purchase agreement, in the aggregate principal amount of $12,000,000. On March 24, 2020, the Company drew down $6,913,865 $793,109 $6,000,000 $8,000,000 March 31, 2021 On October 23, 2020, pursuant to the terms of Amendment 1, the maturity date of the Delayed Draw Term Note was changed from March 31, 2021 to March 31, 2022. Amendment 1 also provided that the holder, could originally elect, in lieu of receipt of cash for payment of all or any portion of the interest due or cash payments up to a certain conversion portion of the Delayed Draw Term Note, to receive shares of Series K Preferred Stock; however, after December 18, 2020, the date the Series K Preferred Stock converted into shares of the Company’s common stock, the holder may elect, in lieu of receipt of cash for such amounts, shares of the Company’s common stock at the price the Company last sold shares of the Company’s common stock. On May 19, 2021, pursuant to Amendment 2, the interest rate on the Delayed Draw Term Note decreased from a rate of 15 10 Paycheck Protection Program Loan On April 6, 2020, the Company entered into a note agreement with JPMorgan Chase Bank, N.A. (“JPMorgan Chase”) under the recently enacted Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) administered by the U.S. Small Business Administration (“SBA”) (the “Paycheck Protection Program Loan”). The Company received total proceeds of $5,702,725 under the Paycheck Protection Program Loan. In accordance with the requirements of the CARES Act, the Company used proceeds from the Paycheck Protection Program Loan primarily for payroll costs. The Paycheck Protection Program Loan was scheduled to mature on April 6, 2022 , with a 0.98 % interest rate and is subject to the terms and conditions applicable to loans administered by the SBA under the CARES Act. On June 22, 2021, the SBA authorized full forgiveness of $5,702,725 under the Paycheck Protection Program Loan; thus the Company will not need to make any payments on the Paycheck Protection Program Loan that JPMorgan Chase facilitates as an SBA lender. JPMorgan Chase will apply the forgiveness amount the SBA authorized, plus all accrued interest, to the Company’s Paycheck Protection Program Loan. The requirements under this program are established by the SBA. All requests for Paycheck Protection Program Loan forgiveness are subject to SBA eligibility. The Company recorded a gain upon debt extinguishment of $5,716,697 (including accrued interest) pursuant to the forgiveness on the condensed consolidated statements of operations within other income (expense). Further details as of the date these condensed consolidated financial statements were issued or were available to be issued are provided under the heading Long-term Debt The following table summarizes the long-term debt: Schedule of Long Term Debt As of June 30, 2021 As of December 31, 2020 Principal Unamortized Carrying Principal Unamortized Carrying 12% Second Amended Senior Secured Note, as amended, due on December 31, 2022 $ 59,743,851 $ (2,773,709 ) $ 56,970,142 $ 56,296,091 $ (3,739,690 ) $ 52,556,401 Delayed Draw Term Note, as amended, due on March 31, 2022 4,464,857 (324,271 ) 4,140,586 4,294,318 (359,172 ) 3,935,146 Paycheck Protection Program Loan, scheduled to mature April 6, 2022, however, fully forgiven on June 22, 2021 - - - 5,702,725 - 5,702,725 Total $ 64,208,708 $ (3,097,980 ) $ 61,110,728 $ 66,293,134 $ (4,098,862 ) $ 62,194,272

Preferred Stock

Preferred Stock	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Preferred Stock	9. Preferred Stock On May 4, 2021, a special committee of the Board declared a dividend of one preferred stock purchase right to be paid to the stockholders of record at the close of business on May 14, 2021 for (i) each outstanding share of the Company’s common stock and (ii) each share of the Company’s common stock issuable upon conversion of each share of the Company’s Series H convertible preferred stock (the “Series H Preferred Stock”). Each preferred stock purchase right entitles the registered holder to purchase, subject to a rights agreement, from the Company one one-thousandth of a share of the Company’s newly created Series L Junior Participating Preferred Stock, par value $0.01 per share (the “Series L Preferred Stock”), at a price of $4.00 , subject to certain adjustments. The Series L Preferred Stock will be entitled, when, as and if declared, to a preferential per share quarterly dividend payment equal to the greater of (i) $1.00 per share or (ii) 1,000 times the aggregate per share amount of all cash dividends, and 1,000 times the aggregate per share amount (payable in kind) of all non-cash dividends or other distributions paid to the holders of the Company’s common stock. The Series L Preferred Stock will be entitled to 1,000 votes on all matters submitted to a vote of the stockholders of the Company. In the event of any merger, consolidation or other transaction in which shares of the Company’s common stock are converted or exchanged, the Series L Preferred Stock will be entitled to receive 1,000 times the amount received per one share of the Company’s common stock.

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Stockholders’ Equity	10. Stockholders’ Equity Common Stock The Company has the authority to issue 1,000,000,000 $0.01 Common Stock Private Placement On May 20, 2021 and May 25, 2021, the Company entered into securities purchase agreements with several accredited investors, pursuant to which the Company sold an aggregate of 21,435,718 $0.70 $15,005,000 7,142,857 $0.70 $5,000,000 $167,244 $100,000 $19,837,757 Pursuant to the registration rights agreements entered into in connection with the securities purchase agreements, the Company agreed to register the shares of the Company’s common stock issued in the private placements. The Company committed to file the registration statement on the earlier of: (i) in the event the Company does not obtain a waiver from the holders of the shares of the Company’s common stock that were issued upon the conversion of the Series K Preferred Stock (the “Waiver”), within ten (10) calendar days following the date the Company’s registration statement(s) on Form S-1, registering for resale shares of the Company’s common stock that were issued in connection with offerings prior to the date of the registration rights agreement (the “Prior Registration Statements”), is declared effective by the SEC; and (ii) in the event the Company does obtain the Waiver, the earliest practicable date on which the Company is permitted by the SEC guidance to file the initial registration statement following the filing of the Prior Registration Statements (the “Filing Date”). The Company also committed to cause the registration statement to become effective by no later than 90 days after the Filing Date (or, in the event of a full review by the staff of the SEC, 120 days following the Filing Date). The registration rights agreement provides for Registration Rights Damages upon the occurrence of certain events up to a maximum amount of 6% of the aggregate amount invested pursuant to the securities purchase agreements. The securities purchase agreements included a provision that requires the Company to maintain its periodic filings with the SEC in order to satisfy the public information requirements under Rule 144(c) of the Securities Act. If the Company fails for any reason to satisfy the current public information requirement at any time during the period commencing from the twelve (12) month anniversary of the date the Company becomes current in its filing obligations and ending at such time that all of the common stock may be sold without the requirement for the Company to be in compliance with Rule 144(c)(1) and otherwise without restriction or limitation pursuant to Rule 144, if the Company (i) shall fail for any reason to satisfy the current public information requirement under Rule 144(c) or (ii) has ever been an issuer described in Rule 144(i)(1)(i) or becomes an issuer in the future, and the Company shall fail to satisfy any condition set forth in Rule 144(i)(2) (a “Public Information Failure”) then, in addition to such purchaser’s other available remedies, the Company shall pay to a purchaser, in cash, as partial liquidated damages and not as a penalty, an amount in cash equal to one percent (1.0%) of the aggregate subscription amount of the purchaser’s shares then held by the purchaser on the day of a Public Information Failure and on every thirtieth (30th) day (pro-rated for periods totaling less than thirty days) thereafter until the earlier of (a) the date such Public Information Failure is cured up to a maximum of five (5) 30-day periods and (b) such time that such public information is no longer required for the purchasers to transfer the shares pursuant to Rule 144. Public Information Failure Damages shall be paid on the earlier of (i) the last day of the calendar month during which such Public Information Failure Damages are incurred and (ii) the third (3rd) business day after the event or failure giving rise to the Public Information Failure Damages is cured. In the event the Company fails to make Public Information Failure Damages in a timely manner, such Public Information Failure Damages shall bear interest at the rate of 1.0% per month (prorated for partial months) until paid in full. Common Stock Warrants The Company issued warrants to purchase shares of the Company’s common stock to MDB Capital Group, LLC (the “MDB Warrants”), L2 Capital, LLC (the “L2 Warrants”), Strome Mezzanine Fund LP (the “Strome Warrants”), and B. Riley Financial, Inc. (the “B. Riley Warrants”) in connection with various financing transactions (collectively, the “Financing Warrants”). The Financing Warrants outstanding and exercisable as of June 30, 2021 are summarized as follows: Summary of Warrant Activity Outstanding Classified as Classified within Derivative Stockholders’ Total Exercise Expiration Liabilities Equity Exercisable Price Date (Shares) (Shares) (Shares) MDB Warrants $ 0.20 November 4, 2021 - 327,490 327,490 Strome Warrants 0.50 June 15, 2023 1,500,000 - 1,500,000 B. Riley Warrants 1.00 October 18, 2025 875,000 - 875,000 MDB Warrants 1.15 October 19, 2022 - 119,565 119,565 MDB Warrants 2.50 October 19, 2022 - 60,000 60,000 Total outstanding and exercisable 2,375,000 507,055 2,882,055 The intrinsic value of exercisable but unexercised in-the-money stock warrants as of June 30, 2021 was $ 609,944 0.78

Compensation Plans

Compensation Plans	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Compensation Plans	11. Compensation Plans The Company provides stock-based compensation in the form of (a) stock awards to employees and directors, comprised of restricted stock awards and restricted stock units (collectively referred to as the “Restricted Stock Awards”), (b) stock option grants to employees, directors and consultants (referred to as the “Common Stock Awards”) (c) stock option awards, restricted stock awards, unrestricted stock awards, and stock appreciation rights to employees, directors and consultants (collectively the “Common Equity Awards”), (d) stock option awards outside of the 2016 Stock Incentive Plan and 2019 Equity Incentive Plan to certain officers, directors and employees (referred to as the “Outside Options”), (e) common stock warrants to the Company’s publisher partners (referred to as the “Publisher Partner Warrants”), and (f) common stock warrants to ABG-SI, LLC (referred to as the “ABG Warrants”). Stock-based compensation and equity-based expense charged to operations or capitalized during the three months ended June 30, 2021 and 2020 are summarized as follows: Summary of Stock-based Compensation Restricted Common Common Publisher Stock Stock Equity Outside Partner ABG Awards Awards Awards Options Warrants Warrants Totals During the Three Months Ended June 30, 2021 Cost of revenue $ 24,570 $ 19,202 $ 1,708,404 $ 1,455 $ - $ - $ 1,753,631 Selling and marketing - 4,891 1,507,535 74,372 - - 1,586,798 General and administrative 141,897 101,939 4,135,866 - - 396,251 4,775,953 Total costs charged to operations 166,467 126,032 7,351,805 75,827 - 396,251 8,116,382 Capitalized platform development 4,125 2,351 540,917 2,164 - - 549,557 Total stock-based compensation $ 170,592 $ 128,383 $ 7,892,722 $ 77,991 $ - $ 396,251 $ 8,665,939 During the Three Months Ended June 30, 2020 Cost of revenue $ 35,750 $ 27,970 $ 1,073,674 $ 1,967 $ 27,623 $ - $ 1,166,984 Selling and marketing 298,187 23,783 701,925 43,489 - - 1,067,384 General and administrative 135,332 138,156 819,916 95,394 - 360,289 1,549,087 Total costs charged to operations 469,269 189,909 2,595,515 140,850 27,623 360,289 3,783,455 Capitalized platform development 75,709 80,608 341,642 1,652 - - 499,611 Total stock-based compensation $ 544,978 270,517 $ 2,937,157 $ 142,502 $ 27,623 $ 360,289 $ 4,283,066 Restricted Common Common Publisher Stock Stock Equity Outside Partner ABG Awards Awards Awards Options Warrants Warrants Totals During the Six Months Ended June 30, 2021 Cost of revenue $ 49,030 $ 146,265 $ 2,998,778 $ 3,496 $ - $ - $ 3,197,569 Selling and marketing - 9,929 2,479,048 149,178 - - 2,638,155 General and administrative 145,342 219,266 6,262,481 - - 752,581 7,379,670 Total costs charged to operations 194,372 375,460 11,740,307 152,674 - 752,581 13,215,394 Capitalized platform development 8,948 5,071 840,951 3,782 - - 858,752 Total stock-based compensation $ 203,320 $ 380,531 $ 12,581,258 $ 156,456 $ - $ 752,581 $ 14,074,146 During the Six Months Ended June 30, 2020 Cost of revenue $ 73,326 $ 97,766 $ 2,083,266 $ 3,173 $ 35,662 $ - $ 2,293,193 Selling and marketing 597,402 59,511 1,380,204 98,867 - - 2,135,984 General and administrative 158,252 309,828 1,575,163 150,577 - 720,578 2,914,398 Total costs charged to operations 828,980 467,105 5,038,633 252,617 35,662 720,578 7,343,575 Capitalized platform development 145,992 121,765 597,643 4,263 - - 869,663 Total stock-based compensation $ 974,972 588,870 $ 5,636,276 $ 256,880 $ 35,662 $ 720,578 $ 8,213,238 Unrecognized compensation expense and expected weighted-average period to be recognized related to the stock-based compensation awards and equity-based awards as of June 30, 2021 was as follows: Schedule of Unrecognized Compensation Expense Restricted Common Common Publisher Stock Stock Equity Outside Partner ABG Awards Awards Awards Options Warrants Warrants Totals Unrecognized compensation expense $ 3,178,298 $ 98,636 $ 62,311,494 $ 214,592 $ - $ 3,076,571 $ 68,879,591 Expected weighted-average period expected to be recognized (in years) 1.93 0.19 2.30 0.69 - 1.88 2.25 Pursuant to an amendment with ABG-SI, LLC on June 4, 2021, the exercise price of 10,994,922 0.42 0.84 Further details as of the date these condensed consolidated financial statements were issued or were available to be issued are provided under the heading Compensation Plans

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	12. Revenue Recognition Disaggregation of Revenue The following table provides information about disaggregated revenue by product line, geographical market and timing of revenue recognition: Schedule of Disaggregation of Revenue Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Revenue by product line: Advertising $ 13,548,069 $ 7,541,616 $ 24,622,494 $ 19,379,600 Digital subscriptions 7,690,111 6,089,450 14,774,592 11,626,697 Magazine circulation 12,642,018 8,629,166 27,352,041 21,166,698 Other 866,314 830,708 1,612,866 1,330,798 Total $ 34,746,512 $ 23,090,940 $ 68,361,993 $ 53,503,793 Revenue by geographical market: United States $ 33,360,160 $ 22,049,636 $ 65,934,337 $ 51,331,766 Other 1,386,352 1,041,304 2,427,656 2,172,027 Total $ 34,746,512 $ 23,090,940 $ 68,361,993 $ 53,503,793 Revenue by timing of recognition: At point in time $ 27,056,401 $ 17,001,490 $ 53,587,401 $ 41,877,096 Over time 7,690,111 6,089,450 14,774,592 11,626,697 Total $ 34,746,512 $ 23,090,940 $ 68,361,993 $ 53,503,793 Contract Balances The timing of the Company’s performance under its various contracts often differs from the timing of the customer’s payment, which results in the recognition of a contract asset or a contract liability. A contract asset is recognized when a good or service is transferred to a customer and the Company does not have the contractual right to bill for the related performance obligations. A contract liability is recognized when consideration is received from the customer prior to the transfer of goods or services. The following table provides information about contract balances: Schedule of Contract with Customer, Asset and Liability As of June 30, 2021 December 31, 2020 Unearned revenue (short-term contract liabilities): Digital subscriptions $ 19,358,809 $ 15,039,331 Magazine circulation 52,539,366 46,586,345 $ 71,898,175 $ 61,625,676 Unearned revenue (long-term contract liabilities): Digital subscriptions $ 685,039 $ 593,136 Magazine circulation 27,297,916 22,712,961 Other 177,500 192,500 $ 28,160,455 $ 23,498,597 Unearned Revenue $35,652,466 During January and February of 2020, the Company modified certain digital and magazine subscription contracts that prospectively changed the frequency of the related issues required to be delivered on a yearly basis. The Company determined that the remaining digital content and magazines to be delivered are distinct from the digital content or magazines already provided under the original contract. As a result, the Company in effect established a new contract that included only the remaining digital content or magazines. Accordingly, the Company allocated the remaining performance obligations in the contracts as consideration from the original contract that has not yet been recognized as revenue.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	13. Commitments and Contingencies Revenue Guarantees On a select basis, the Company has provided revenue share guarantees to certain independent publishers that transition their publishing operations from another platform to theMaven.net or maven.io. These arrangements generally guarantee the publisher a monthly amount of income for a period of 12 to 24 months from inception of the publisher contract that is the greater of (a) a fixed monthly minimum, or (b) the calculated earned revenue share. $1,803,597 $2,628,477 $3,566,954 $5,002,564 Claims and Litigation From time to time, the Company may be subject to claims and litigation arising in the ordinary course of business. The Company is not currently a party to any pending or threatened legal proceedings that it believes would reasonably be expected to have a material adverse effect on the Company’s business, financial condition, results of operations or cash flows. Liquidated Damages The following table summarizes the contingent obligations with respect to the liquidated damages as of the date these condensed consolidated financial statements were issued or were available to be issued: Schedule of Liquidating Damages Registration Rights Damages Public Information Failure Damages Accrued Interest Balance Series H Preferred Stock $ - $ 5,236 $ 93,575 $ 98,811 12% Convertible Debentures - - 36,320 36,320 Series I Preferred Stock - - 111,184 111,184 Series J Preferred Stock 240,000 240,000 108,059 588,059 Series K Preferred Stock - 661,680 11,221 672,901 Total $ 240,000 $ 906,916 $ 360,359 $ 1,507,275

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events The Company performed an evaluation of subsequent events through the date of filing of these condensed consolidated financial statements with the SEC. Other than the below described subsequent events, there were no material subsequent events which affected, or could affect, the amounts or disclosures on the condensed consolidated financial statements . Compensation Plans From July 2021 through the date these condensed consolidated financial statements were issued or were available to be issued, the Company granted common stock options exercisable for a totaling of 693,888 shares of its common stock, all of which remain outstanding. Long-term Debt 12% Second Amended Senior Secured Notes 60.1 48.8 10.8 0.5 Delayed Draw Term Note – The balance outstanding under the Delayed Draw Term Note as of the date these condensed consolidated financial statements were issued or were available to be issued was approximately $ 4.6 3.6 1.0

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated financial statements include the accounts of TheMaven, Inc. and its wholly owned subsidiaries (“Maven” or the “Company”), after eliminating all significant intercompany balances and transactions. The Company does not have any off-balance sheet arrangements. The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the SEC. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements, which are included in Maven’s Annual Report on Form 10-K (the “Form 10-K”) for the year ended December 31, 2020, filed with the SEC on August 16, 2021. The condensed consolidated financial statements as of December 31, 2020, and for the three months ended June 30, 2021 and 2020, are unaudited but, in management’s opinion, include all adjustments necessary for a fair presentation of the results of interim periods. All such adjustments are of a normal recurring nature. The year-end condensed consolidated balance sheet as of December 31, 2020, was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. The results of operations for interim periods are not necessarily indicative of the results to be expected for the entire fiscal year. The Company’s impact during the first quarter of 2021 by the novel coronavirus (“COVID-19”) pandemic has been to a lesser extent than in 2020. Beginning in 2021, restrictions on non-essential work activity have begun to lift and sporting and other events have begun to be held, with attendance closer to pre-pandemic levels, which has resulted in an increase in traffic and advertising revenue. The Company expects a continued modest growth in advertising revenue back toward pre-pandemic levels, however, such growth depends on future developments, including the duration and spread of the COVID-19 pandemic, whether related group gathering and sports event advisories and restrictions will be put in place again, and the extent and effectiveness of containment and other actions taken, including the percentage of the population that receives COVID-19 vaccinations.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform to the fiscal 2020 presentation.
Use of Estimates	Use of Estimates Preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Actual results could differ materially from these estimates. On an ongoing basis, the Company evaluates its estimates, including those related to the allowance for credit losses, fair values of financial instruments, capitalization of platform development, intangible assets and goodwill, useful lives of intangible assets and property and equipment, income taxes, fair value of assets acquired and liabilities assumed in the business acquisitions, determination of the fair value of stock-based compensation and valuation of derivatives liabilities and contingent liabilities, among others. The Company bases its estimates on assumptions, both historical and forward looking, that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.
Contract Modifications	Contract Modifications The Company occasionally enters into amendments to previously executed contracts that constitute contract modifications. The Company assesses each of these contract modifications to determine: ● if the additional services and goods are distinct from the services and goods in the original arrangement; and ● if the amount of consideration expected for the added services or goods reflects the stand-alone selling price of those services and goods. A contract modification meeting both criteria is accounted for as a separate contract. A contract modification not meeting both criteria is considered a change to the original contract and is accounted for on either a prospective basis as a termination of the existing contract and the creation of a new contract, or a cumulative catch-up basis (see Note 3 and Note 12).
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40) In October 2020, the FASB issued ASU 2020-08, Codification Improvements to Subtopic 310-20 – Receivables – Nonrefundable Fees and Other Costs In October 2020, the FASB issued ASU 2020-10, Codification Improvements
Loss per Common Share	Loss per Common Share Basic loss per share is computed using the weighted average number of common shares outstanding during the period and excludes any dilutive effects of common stock equivalent shares, such as stock options, restricted stock, and warrants. All restricted stock awards are considered outstanding but is included in the computation of basic loss per common share only when the underlying restrictions expire, the shares are no longer forfeitable, and are thus vested. All restricted stock units are included in the computation of basic loss per common share only when the underlying restrictions expire, the shares are no longer forfeitable, and are thus vested. Contingently issuable shares are included in basic loss per common share only when there are no circumstances under which those shares would not be issued. Diluted loss per common share is computed using the weighted average number of common shares outstanding and common stock equivalent shares outstanding during the period using the treasury stock method. Common stock equivalent shares are excluded from the computation if their effect is anti-dilutive. The Company excluded the outstanding securities summarized below (capitalized terms are described herein), which entitle the holders thereof to acquire shares of the Company’s common stock, from its calculation of net income loss per common share, as their effect would have been anti-dilutive. Schedule of Net Income (Loss) Per Common Share As of June 30, 2021 2020 Series G convertible preferred stock 188,791 188,791 Series H Preferred Stock 59,384,849 58,787,879 Series I Preferred Stock - 46,200,000 Series J Preferred Stock - 28,571,428 Indemnity shares of common stock - 412,500 Restricted Stock Awards 4,444,047 1,433,332 Financing Warrants 2,882,055 2,882,055 ABG Warrants 21,989,844 21,989,844 AllHipHop warrants 125,000 - Publisher Partner Warrants 789,541 789,541 Restricted Stock Units - 2,399,997 Common Stock Awards 6,872,890 8,033,936 Common Equity Awards 160,352,784 82,744,480 Outside Options 3,050,000 2,986,000 Total 260,079,801 257,419,783

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Schedule of Net Income (Loss) Per Common Share	The Company excluded the outstanding securities summarized below (capitalized terms are described herein), which entitle the holders thereof to acquire shares of the Company’s common stock, from its calculation of net income loss per common share, as their effect would have been anti-dilutive. Schedule of Net Income (Loss) Per Common Share As of June 30, 2021 2020 Series G convertible preferred stock 188,791 188,791 Series H Preferred Stock 59,384,849 58,787,879 Series I Preferred Stock - 46,200,000 Series J Preferred Stock - 28,571,428 Indemnity shares of common stock - 412,500 Restricted Stock Awards 4,444,047 1,433,332 Financing Warrants 2,882,055 2,882,055 ABG Warrants 21,989,844 21,989,844 AllHipHop warrants 125,000 - Publisher Partner Warrants 789,541 789,541 Restricted Stock Units - 2,399,997 Common Stock Awards 6,872,890 8,033,936 Common Equity Awards 160,352,784 82,744,480 Outside Options 3,050,000 2,986,000 Total 260,079,801 257,419,783

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2021
Business Acquisition [Line Items]
Schedule of Preliminary Purchase Price	The composition of the preliminary purchase price is as follows: Schedule of Preliminary Purchase Price Cash $ 10,829,893 Deferred cash payments 1,639,016 Total purchase consideration $ 12,468,909
Summary of Price Allocation for Acquisition	The preliminary purchase price allocation resulted in the following amounts being allocated to the assets acquired and liabilities assumed at the closing date of the acquisition based upon their respective fair values as summarized below: Summary of Price Allocation for Acquisition Cash $ 3,772,944 Accounts receivable 1,833,323 Other current assets 4,567 Goodwill 7,456,402 Accrued expenses (1,500 ) Deferred tax liabilities (596,827 ) Net assets acquired $ 12,468,909
Petametrics Inc [Member]
Business Acquisition [Line Items]
Schedule of Preliminary Purchase Price	The composition of the purchase price is as follows: Schedule of Preliminary Purchase Price Cash $ 315,289 Indemnity restricted stock units for shares of common stock 500,000 Total purchase consideration $ 815,289
Summary of Price Allocation for Acquisition	The purchase price allocation resulted in the following amounts being allocated to the assets acquired and liabilities assumed at the closing date of the acquisition based upon their respective fair values as summarized below: Summary of Price Allocation for Acquisition Accounts receivable $ 37,908 Developed technology 917,762 Accounts payable (53,494 ) Unearned revenue (86,887 ) Net assets acquired $ 815,289

Balance Sheet Components (Table

Balance Sheet Components (Tables)	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Property and Equipment	Property and Equipment Schedule of Property and Equipment As of June 30, 2021 December 31, 2020 Office equipment and computers $ 1,523,610 $ 1,341,292 Furniture and fixtures 19,997 19,997 Leasehold improvements 345,516 345,516 Gross property and equipment costs 1,889,123 1,706,805 Less accumulated depreciation and amortization (797,093 ) (577,367 ) Net property and equipment $ 1,092,030 $ 1,129,438
Summary of Platform Development Costs	Platform Development Summary of Platform Development Costs June 30, 2021 December 31, 2020 As of June 30, 2021 December 31, 2020 Platform development $ 18,857,612 $ 16,027,428 Less accumulated amortization (10,801,037 ) (8,671,820 ) Net platform development $ 8,056,575 $ 7,355,608
Summary of Platform Development Cost Activity	A summary of platform development activity for the six months ended June 30, 2021 and year ended December 31, 2020 is as follows: Summary of Platform Development Cost Activity June 30, 2021 December 31, 2020 As of June 30, 2021 December 31, 2020 Platform development beginning of period $ 16,027,428 $ 10,678,692 Payroll-based costs capitalized during the period 1,971,432 3,750,541 Total capitalized costs 17,998,860 14,429,233 Stock-based compensation 858,752 1,608,995 Dispositions - (10,800 ) Platform development end of period $ 18,857,612 $ 16,027,428
Schedule of Intangible Assets Subjects to Amortization	Intangible Assets Schedule of Intangible Assets Subjects to Amortization As of June 30, 2021 As of December 31, 2020 Carrying Amount Accumulated Amortization Net Carrying Amount Carrying Amount Accumulated Amortization Net Carrying Amount Developed technology $ 19,070,857 $ (10,478,880 ) $ 8,591,977 $ 19,070,857 $ (8,283,740 ) $ 10,787,117 Noncompete agreement 480,000 (480,000 ) - 480,000 (480,000 ) - Trade name 3,328,000 (642,642 ) 2,685,358 3,328,000 (503,342 ) 2,824,658 Subscriber relationships 73,458,799 (25,363,643 ) 48,095,156 73,458,799 (18,105,041 ) 55,353,758 Advertiser relationships 2,240,000 (451,453 ) 1,788,547 2,240,000 (332,515 ) 1,907,485 Database 1,140,000 (721,183 ) 418,817 1,140,000 (531,183 ) 608,817 Subtotal amortizable intangible assets 99,717,656 (38,137,801 ) 61,579,855 99,717,656 (28,235,821 ) 71,481,835 Website domain name 20,000 - 20,000 20,000 - 20,000 Total intangible assets $ 99,737,656 $ (38,137,801 ) $ 61,599,855 $ 99,737,656 $ (28,235,821 ) $ 71,501,835

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Leases
Schedule of Supplemental Information Related to Operating Leases	The table below presents supplemental information related to operating leases: Schedule of Supplemental Information Related to Operating Leases Six Months Ended June 30, 2021 Operating cash flows for operating leases $ 1,938,629 Noncash lease liabilities arising from obtaining operating leased assets during the period $ - Weighted-average remaining lease term 10.80 Weighted-average discount rate 13.59 %
Summary of Maturity of Lease Liabilities	Maturities of operating lease liabilities as of June 30, 2021 are summarized as follows: Summary of Maturity of Lease Liabilities Years Ending December 31, 2021 (remaining six months of the year) $ 1,866,224 2022 3,525,158 2023 3,528,696 2024 3,526,406 2025 3,740,591 Thereafter 23,822,981 Minimum lease payments 40,010,056 Less imputed interest (19,559,730 ) Present value of operating lease liabilities $ 20,450,326 Current portion of operating lease liabilities $ 953,635 Long-term portion of operating lease liabilities 19,496,691 Total operating lease liabilities $ 20,450,326

Restricted Stock Liabilities (T

Restricted Stock Liabilities (Tables)	6 Months Ended
	Jun. 30, 2021
Restricted Stock Liabilities
Schedule of Components of Restricted Stock Liabilities	The following table presents the components of the restricted stock liabilities as of June 30, 2021 and December 31, 2020: Schedule of Components of Restricted Stock Liabilities As of June 30, 2021 December 31, 2020 Restricted stock liabilities recorded upon modification of the restricted stock awards and units ( 1,064,549 4.00 $ 4,258,196 $ 4,258,196 Less imputed interest (457,462 ) (457,462 ) Present value of restricted stock liabilities 3,800,734 3,800,734 Less payments (excluding imputed interest) (893,427 ) (177,425 ) Restricted stock liabilities $ 2,907,307 $ 3,623,309 Current portion of restricted stock liabilities $ 1,879,506 $ 1,627,499 Long-term portion of restricted stock liabilities 1,027,801 1,995,810 Total restricted stock liabilities $ 2,907,307 $ 3,819,560

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Warrant Derivative Liabilities	The following table presents the assumptions used for the warrant derivative liabilities under the Black-Scholes option-pricing model: Schedule of Warrant Derivative Liabilities As of June 30, 2021 As of December 31, 2020 Strome Warrants B. Riley Warrants Strome Warrants B. Riley Warrants Expected life 1.96 4.30 2.45 4.79 Risk-free interest rate 0.25 % 0.67 % 0.13 % 0.36 % Volatility factor 147.10 % 134.44 % 150.55 % 140.95 % Dividend rate 0 % 0 % 0 % 0 % Transaction date closing market price $ 0.78 $ 0.78 $ 0.60 $ 0.60 Exercise price $ 0.50 $ 1.00 $ 0.50 $ 1.00
Schedule of Valuation Activity for Warrants Accounted for Derivative Liability	The following table represents the carrying amounts and change in valuation for the Company’s warrants accounted for as a derivative liability and classified within Level 3 of the fair-value hierarchy: Schedule of Valuation Activity for Warrants Accounted for Derivative Liability As of and for the Six Months Ended June 30, 2021 As of and for the Six Months Ended June 30, 2020 Carry Amount at Beginning of Period Change in Valuation Carrying Amount at End of Period Carry Amount at Beginning of Period Change in Valuation Carrying Amount at End of Period Strome Warrants $ 704,707 $ 185,156 $ 889,863 $ 1,036,687 $ (260,345 ) $ 776,342 B. Riley Warrants 443,188 119,787 562,975 607,513 (122,150 ) 485,363 Total $ 1,147,895 $ 304,943 $ 1,452,838 $ 1,644,200 $ (382,495 ) $ 1,261,705

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Long Term Debt	The following table summarizes the long-term debt: Schedule of Long Term Debt As of June 30, 2021 As of December 31, 2020 Principal Unamortized Carrying Principal Unamortized Carrying 12% Second Amended Senior Secured Note, as amended, due on December 31, 2022 $ 59,743,851 $ (2,773,709 ) $ 56,970,142 $ 56,296,091 $ (3,739,690 ) $ 52,556,401 Delayed Draw Term Note, as amended, due on March 31, 2022 4,464,857 (324,271 ) 4,140,586 4,294,318 (359,172 ) 3,935,146 Paycheck Protection Program Loan, scheduled to mature April 6, 2022, however, fully forgiven on June 22, 2021 - - - 5,702,725 - 5,702,725 Total $ 64,208,708 $ (3,097,980 ) $ 61,110,728 $ 66,293,134 $ (4,098,862 ) $ 62,194,272

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Summary of Warrant Activity	The Financing Warrants outstanding and exercisable as of June 30, 2021 are summarized as follows: Summary of Warrant Activity Outstanding Classified as Classified within Derivative Stockholders’ Total Exercise Expiration Liabilities Equity Exercisable Price Date (Shares) (Shares) (Shares) MDB Warrants $ 0.20 November 4, 2021 - 327,490 327,490 Strome Warrants 0.50 June 15, 2023 1,500,000 - 1,500,000 B. Riley Warrants 1.00 October 18, 2025 875,000 - 875,000 MDB Warrants 1.15 October 19, 2022 - 119,565 119,565 MDB Warrants 2.50 October 19, 2022 - 60,000 60,000 Total outstanding and exercisable 2,375,000 507,055 2,882,055

Compensation Plans (Tables)

Compensation Plans (Tables)	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Summary of Stock-based Compensation	Stock-based compensation and equity-based expense charged to operations or capitalized during the three months ended June 30, 2021 and 2020 are summarized as follows: Summary of Stock-based Compensation Restricted Common Common Publisher Stock Stock Equity Outside Partner ABG Awards Awards Awards Options Warrants Warrants Totals During the Three Months Ended June 30, 2021 Cost of revenue $ 24,570 $ 19,202 $ 1,708,404 $ 1,455 $ - $ - $ 1,753,631 Selling and marketing - 4,891 1,507,535 74,372 - - 1,586,798 General and administrative 141,897 101,939 4,135,866 - - 396,251 4,775,953 Total costs charged to operations 166,467 126,032 7,351,805 75,827 - 396,251 8,116,382 Capitalized platform development 4,125 2,351 540,917 2,164 - - 549,557 Total stock-based compensation $ 170,592 $ 128,383 $ 7,892,722 $ 77,991 $ - $ 396,251 $ 8,665,939 During the Three Months Ended June 30, 2020 Cost of revenue $ 35,750 $ 27,970 $ 1,073,674 $ 1,967 $ 27,623 $ - $ 1,166,984 Selling and marketing 298,187 23,783 701,925 43,489 - - 1,067,384 General and administrative 135,332 138,156 819,916 95,394 - 360,289 1,549,087 Total costs charged to operations 469,269 189,909 2,595,515 140,850 27,623 360,289 3,783,455 Capitalized platform development 75,709 80,608 341,642 1,652 - - 499,611 Total stock-based compensation $ 544,978 270,517 $ 2,937,157 $ 142,502 $ 27,623 $ 360,289 $ 4,283,066 Restricted Common Common Publisher Stock Stock Equity Outside Partner ABG Awards Awards Awards Options Warrants Warrants Totals During the Six Months Ended June 30, 2021 Cost of revenue $ 49,030 $ 146,265 $ 2,998,778 $ 3,496 $ - $ - $ 3,197,569 Selling and marketing - 9,929 2,479,048 149,178 - - 2,638,155 General and administrative 145,342 219,266 6,262,481 - - 752,581 7,379,670 Total costs charged to operations 194,372 375,460 11,740,307 152,674 - 752,581 13,215,394 Capitalized platform development 8,948 5,071 840,951 3,782 - - 858,752 Total stock-based compensation $ 203,320 $ 380,531 $ 12,581,258 $ 156,456 $ - $ 752,581 $ 14,074,146 During the Six Months Ended June 30, 2020 Cost of revenue $ 73,326 $ 97,766 $ 2,083,266 $ 3,173 $ 35,662 $ - $ 2,293,193 Selling and marketing 597,402 59,511 1,380,204 98,867 - - 2,135,984 General and administrative 158,252 309,828 1,575,163 150,577 - 720,578 2,914,398 Total costs charged to operations 828,980 467,105 5,038,633 252,617 35,662 720,578 7,343,575 Capitalized platform development 145,992 121,765 597,643 4,263 - - 869,663 Total stock-based compensation $ 974,972 588,870 $ 5,636,276 $ 256,880 $ 35,662 $ 720,578 $ 8,213,238
Schedule of Unrecognized Compensation Expense	Unrecognized compensation expense and expected weighted-average period to be recognized related to the stock-based compensation awards and equity-based awards as of June 30, 2021 was as follows: Schedule of Unrecognized Compensation Expense Restricted Common Common Publisher Stock Stock Equity Outside Partner ABG Awards Awards Awards Options Warrants Warrants Totals Unrecognized compensation expense $ 3,178,298 $ 98,636 $ 62,311,494 $ 214,592 $ - $ 3,076,571 $ 68,879,591 Expected weighted-average period expected to be recognized (in years) 1.93 0.19 2.30 0.69 - 1.88 2.25

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table provides information about disaggregated revenue by product line, geographical market and timing of revenue recognition: Schedule of Disaggregation of Revenue Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Revenue by product line: Advertising $ 13,548,069 $ 7,541,616 $ 24,622,494 $ 19,379,600 Digital subscriptions 7,690,111 6,089,450 14,774,592 11,626,697 Magazine circulation 12,642,018 8,629,166 27,352,041 21,166,698 Other 866,314 830,708 1,612,866 1,330,798 Total $ 34,746,512 $ 23,090,940 $ 68,361,993 $ 53,503,793 Revenue by geographical market: United States $ 33,360,160 $ 22,049,636 $ 65,934,337 $ 51,331,766 Other 1,386,352 1,041,304 2,427,656 2,172,027 Total $ 34,746,512 $ 23,090,940 $ 68,361,993 $ 53,503,793 Revenue by timing of recognition: At point in time $ 27,056,401 $ 17,001,490 $ 53,587,401 $ 41,877,096 Over time 7,690,111 6,089,450 14,774,592 11,626,697 Total $ 34,746,512 $ 23,090,940 $ 68,361,993 $ 53,503,793
Schedule of Contract with Customer, Asset and Liability	The following table provides information about contract balances: Schedule of Contract with Customer, Asset and Liability As of June 30, 2021 December 31, 2020 Unearned revenue (short-term contract liabilities): Digital subscriptions $ 19,358,809 $ 15,039,331 Magazine circulation 52,539,366 46,586,345 $ 71,898,175 $ 61,625,676 Unearned revenue (long-term contract liabilities): Digital subscriptions $ 685,039 $ 593,136 Magazine circulation 27,297,916 22,712,961 Other 177,500 192,500 $ 28,160,455 $ 23,498,597

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Liquidating Damages	The following table summarizes the contingent obligations with respect to the liquidated damages as of the date these condensed consolidated financial statements were issued or were available to be issued: Schedule of Liquidating Damages Registration Rights Damages Public Information Failure Damages Accrued Interest Balance Series H Preferred Stock $ - $ 5,236 $ 93,575 $ 98,811 12% Convertible Debentures - - 36,320 36,320 Series I Preferred Stock - - 111,184 111,184 Series J Preferred Stock 240,000 240,000 108,059 588,059 Series K Preferred Stock - 661,680 11,221 672,901 Total $ 240,000 $ 906,916 $ 360,359 $ 1,507,275

Schedule of Net Income (Loss) P

Schedule of Net Income (Loss) Per Common Share (Details) - shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	260,079,801	257,419,783
Series G Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	188,791	188,791
Series H Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	59,384,849	58,787,879
Series l Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount		46,200,000
Series J Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount		28,571,428
Indemnity Shares of Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount		412,500
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	4,444,047	1,433,332
Financing Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	2,882,055	2,882,055
ABG Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	21,989,844	21,989,844
AllHipHop Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	125,000
Publisher Partner Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	789,541	789,541
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount		2,399,997
Common Stock Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	6,872,890	8,033,936
Common Equity Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	160,352,784	82,744,480
Outside Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	3,050,000	2,986,000

Schedule of Preliminary Purchas

Schedule of Preliminary Purchase Price (Details) - USD ($)	Jun. 04, 2021	Mar. 09, 2020	Jun. 30, 2021	Jun. 30, 2020
Business Acquisition [Line Items]
Cash			$ 7,056,949	$ 315,289
College Spun Media Incorporated [Member]
Business Acquisition [Line Items]
Cash	$ 10,829,893
Indemnity restricted stock units for shares of common stock	1,639,016
Total purchase consideration	$ 12,468,909
Petametrics Inc [Member]
Business Acquisition [Line Items]
Cash		$ 315,289
Indemnity restricted stock units for shares of common stock		500,000
Total purchase consideration		$ 815,289

Summary of Price Allocation for

Summary of Price Allocation for Acquisition (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Goodwill	$ 23,595,779	$ 16,139,377
College Spun Media Incorporated [Member]
Business Acquisition [Line Items]
Cash	3,772,944
Accounts receivable	1,833,323
Other current assets	4,567
Goodwill	7,456,402
Accrued expenses	(1,500)
Deferred tax liabilities	(596,827)
Net assets acquired	12,468,909
Petametrics Inc [Member]
Business Acquisition [Line Items]
Accounts receivable	37,908
Net assets acquired	815,289
Developed technology	917,762
Accounts payable	(53,494)
Unearned revenues	$ (86,887)

Acquisitions (Details Narrative

Acquisitions (Details Narrative) - USD ($)	Jun. 04, 2021	Mar. 09, 2020	Feb. 19, 2020	Jun. 30, 2021	Jun. 30, 2021
Developed Technology Rights [Member]
Business Acquisition [Line Items]
Developed technology useful life					3 years
College Spun Media Incorporated [Member]
Business Acquisition [Line Items]
Cash Acquired from Acquisition	$ 11,829,893
Stock Issued During Period, Shares, Restricted Stock Award, Gross	4,285,714
Incurred costs	$ 128,076
College Spun Media Incorporated [Member] | Closing [Member]
Business Acquisition [Line Items]
Payments to Acquire Productive Assets	10,829,893
College Spun Media Incorporated [Member] | Closing [Member] | Working Capital Adjustment [Member]
Business Acquisition [Line Items]
Payments to Acquire Productive Assets	$ 829,893
College Spun Media Incorporated [Member] | First Anniversary Date [Member]
Business Acquisition [Line Items]
Stock Issued During Period, Shares, Purchase of Assets	500,000
College Spun Media Incorporated [Member] | Second Anniversary Date [Member]
Business Acquisition [Line Items]
Stock Issued During Period, Shares, Purchase of Assets	500,000
Petametrics Inc [Member]
Business Acquisition [Line Items]
Payments to Acquire Productive Assets			$ 184,087
Stock Issued During Period, Shares, New Issues				256,661
[custom:StockIssuedDuringPeriodSharesNewIssued]				55,839
Petametrics Inc [Member] | Closing [Member]
Business Acquisition [Line Items]
Payments to Acquire Productive Assets		$ 131,202
Petametrics Inc [Member] | First Anniversary Date [Member]
Business Acquisition [Line Items]
Stock Issued During Period, Shares, Purchase of Assets		312,500
Petametrics Inc [Member] | Second Anniversary Date [Member]
Business Acquisition [Line Items]
Stock Issued During Period, Shares, Purchase of Assets		312,500

Schedule of Property and Equipm

Schedule of Property and Equipment (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Lessor, Lease, Description [Line Items]
Gross property and equipment costs	$ 1,889,123	$ 1,706,805
Less accumulated depreciation and amortization	(797,093)	(577,367)
Net property and equipment	1,092,030	1,129,438
Office Equipment and Computers [Member]
Lessor, Lease, Description [Line Items]
Gross property and equipment costs	1,523,610	1,341,292
Furniture and Fixtures [Member]
Lessor, Lease, Description [Line Items]
Gross property and equipment costs	19,997	19,997
Leasehold Improvements [Member]
Lessor, Lease, Description [Line Items]
Gross property and equipment costs	$ 345,516	$ 345,516

Summary of Platform Development

Summary of Platform Development Costs (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Lessor, Lease, Description [Line Items]
Platform development	$ 1,889,123	$ 1,706,805
Less accumulated amortization	(797,093)	(577,367)
Net platform development	1,092,030	1,129,438
Platform Development [Member]
Lessor, Lease, Description [Line Items]
Platform development	18,857,612	16,027,428	$ 10,678,692
Less accumulated amortization	(10,801,037)	(8,671,820)
Net platform development	$ 8,056,575	$ 7,355,608

Summary of Platform Developme_2

Summary of Platform Development Cost Activity (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Lessor, Lease, Description [Line Items]
Platform development beginning of period	$ 1,706,805
Stock-based compensation	13,215,394	$ 7,343,575
Platform development end of period	1,889,123		$ 1,706,805
Platform Development [Member]
Lessor, Lease, Description [Line Items]
Platform development beginning of period	16,027,428	$ 10,678,692	10,678,692
Payroll-based costs capitalized during the period	1,971,432		3,750,541
Total capitalized costs	17,998,860		14,429,233
Stock-based compensation	858,752		1,608,995
Dispositions			(10,800)
Platform development end of period	$ 18,857,612		$ 16,027,428

Schedule of Intangible Assets S

Schedule of Intangible Assets Subjects to Amortization (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 99,737,656	$ 99,737,656
Intangible assets, accumulated amortization	(38,137,801)	(28,235,821)
Intangible assets, net	61,599,855	71,501,835
Developed Technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	19,070,857	19,070,857
Intangible assets, accumulated amortization	(10,478,880)	(8,283,740)
Intangible assets, net	8,591,977	10,787,117
Noncompete Agreements [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	480,000	480,000
Intangible assets, accumulated amortization	(480,000)	(480,000)
Intangible assets, net
Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	3,328,000	3,328,000
Intangible assets, accumulated amortization	(642,642)	(503,342)
Intangible assets, net	2,685,358	2,824,658
Subscriber Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	73,458,799	73,458,799
Intangible assets, accumulated amortization	(25,363,643)	(18,105,041)
Intangible assets, net	48,095,156	55,353,758
Advertiser Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	2,240,000	2,240,000
Intangible assets, accumulated amortization	(451,453)	(332,515)
Intangible assets, net	1,788,547	1,907,485
Database Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	1,140,000	1,140,000
Intangible assets, accumulated amortization	(721,183)	(531,183)
Intangible assets, net	418,817	608,817
Subtotal Amortizable Intangible Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	99,717,656	99,717,656
Intangible assets, accumulated amortization	(38,137,801)	(28,235,821)
Intangible assets, net	61,579,855	71,481,835
Website Domain Name [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	20,000	20,000
Intangible assets, accumulated amortization
Intangible assets, net	$ 20,000	$ 20,000

Balance Sheet Components (Detai

Balance Sheet Components (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Allowance for doubtful accounts	$ 758,228		$ 758,228		$ 892,352
Subscription acquisition costs	36,606,560		36,606,560		28,146,895
Subscription acquisition costs, net of current portion	18,682,545		18,682,545		$ 13,358,585
Depreciation, Depletion and Amortization	109,912	$ 102,067	219,726	$ 241,830
Amortization expense	1,060,372	1,037,834	2,129,217	1,958,658
Amortization expense of intangible asset	$ 4,950,990	$ 5,094,791	9,901,980	10,127,515
Impairment charges			$ 0	$ 0

Schedule of Supplemental Inform

Schedule of Supplemental Information Related to Operating Leases (Details)	6 Months Ended
	Jun. 30, 2021USD ($)
Leases
Operating cash flows for operating leases	$ 1,938,629
Noncash lease liabilities arising from obtaining operating leased assets
Weighted-average remaining lease term	10 years 9 months 18 days
Weighted-average discount rate	13.59%

Summary of Maturity of Lease Li

Summary of Maturity of Lease Liabilities (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Leases
2021 (remaining six months of the year)	$ 1,866,224
2022	3,525,158
2023	3,528,696
2024	3,526,406
2025	3,740,591
Thereafter	23,822,981
Minimum lease payments	40,010,056
Less imputed interest	(19,559,730)
Total operating lease liabilities	20,450,326
Current portion of operating lease liabilities	953,635	$ 1,059,671
Long-term portion of operating lease liabilities	$ 19,496,691	$ 19,886,083

Leases (Details Narrative)

Leases (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters [Line Items]
Operating lease, cost	$ 906,838	$ 1,062,181	$ 1,815,303	$ 2,100,085
Minimum [Member]
SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters [Line Items]
Lease term	1 year 6 months		1 year 6 months
Maximum [Member]
SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters [Line Items]
Lease term	12 years 9 months 18 days		12 years 9 months 18 days

Line of Credit (Details Narrati

Line of Credit (Details Narrative) - USD ($)	Feb. 27, 2020	Jun. 30, 2021	Dec. 31, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding		$ 6,500,000
Financing and Security Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Line of Credit Facility, Expiration Date	Feb. 6, 2022
Line of Credit Facility, Fair Value of Amount Outstanding		$ 4,929,583	$ 7,178,791
Financing and Security Agreement [Member] | Prime Rates [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Line of Credit Facility, Interest Rate During Period	8.50%
Financing and Security Agreement [Member] | Fast Pay Credit Facility [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Long-term Line of Credit	$ 15,000,000

Restricted Stock Liabilities -

Restricted Stock Liabilities - Schedule of Components of Restricted Stock Liabilities (Details) (Parenthetical) - $ / shares	Dec. 15, 2020	Jun. 30, 2021
Restricted Stock Liabilities
Number of shares vested	1,064,549	1,064,549
Purchase price per share	$ 4	$ 4

Schedule of Components of Restr

Schedule of Components of Restricted Stock Liabilities (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Restricted Stock Liabilities
Restricted stock liabilities recorded upon modification of the restricted stock awards and units (1,064,549 restricted stock to be purchased at $4.00 per share)	$ 4,258,196	$ 4,258,196
Less imputed interest	(457,462)	(457,462)
Present value of restricted stock liabilities	3,800,734	3,800,734
Less payments (excluding imputed interest)	(893,427)	(177,425)
Restricted stock liabilities	2,907,307	3,623,309
Current portion of restricted stock liabilities	1,879,506	1,627,499
Long-term portion of restricted stock liabilities	1,027,801	1,995,810
Total restricted stock liabilities	$ 2,907,307	$ 3,819,560

Restricted Stock Liabilities (D

Restricted Stock Liabilities (Details Narrative) - $ / shares	Dec. 15, 2020	Jun. 30, 2021
Restricted Stock Liabilities
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	1,064,549	1,064,549
[custom:PurchasePricePerShare-0]	$ 4	$ 4

Schedule of Warrant Derivative

Schedule of Warrant Derivative Liabilities (Details)	Jun. 30, 2021	Dec. 31, 2020
Measurement Input, Expected Term [Member] | Strome Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants term	1 year 11 months 15 days	2 years 5 months 12 days
Measurement Input, Expected Term [Member] | B. Riley Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants term	4 years 3 months 18 days	4 years 9 months 14 days
Measurement Input, Risk Free Interest Rate [Member] | Strome Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0.0025	0.0013
Measurement Input, Risk Free Interest Rate [Member] | B. Riley Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0.0067	0.0036
Measurement Input, Price Volatility [Member] | Strome Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	1.4710	1.5055
Measurement Input, Price Volatility [Member] | B. Riley Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	1.3444	1.4095
Measurement Input, Expected Dividend Rate [Member] | Strome Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0	0
Measurement Input, Expected Dividend Rate [Member] | B. Riley Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0	0
Transaction Date Closing Market [Member] | Strome Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0.78	0.60
Transaction Date Closing Market [Member] | B. Riley Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0.78	0.60
Measurement Input, Exercise Price [Member] | Strome Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0.50	0.50
Measurement Input, Exercise Price [Member] | B. Riley Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	1	1

Schedule of Valuation Activity

Schedule of Valuation Activity for Warrants Accounted for Derivative Liability (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Strome Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Carrying value beginning period	$ 704,707	$ 1,036,687
Change in valuation of warrant derivative liabilities	185,156	(260,345)
Carrying value at end of the period	889,863	776,342
B. Riley Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Carrying value beginning period	443,188	607,513
Change in valuation of warrant derivative liabilities	119,787	(122,150)
Carrying value at end of the period	562,975	485,363
Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Carrying value beginning period	1,147,895	1,644,200
Change in valuation of warrant derivative liabilities	304,943	(382,495)
Carrying value at end of the period	$ 1,452,838	$ 1,261,705

Fair Value Measurements (Detail

Fair Value Measurements (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Change in valuation of warrant derivative liabilities	$ 360,093	$ 243,276	$ (304,943)	$ 382,495
Change in valuation of embedded derivative liabilities		$ 2,922,000		$ 4,543,000

Schedule of Long Term Debt (Det

Schedule of Long Term Debt (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Short-term Debt [Line Items]
Principal Balance (including accrued interest)	$ 64,208,708	$ 66,293,134
Unamortized discount and debt issuance cost	(3,097,980)	(4,098,862)
Carrying value	61,110,728	62,194,272
Delayed Draw Term Note [Member]
Short-term Debt [Line Items]
Principal Balance (including accrued interest)	4,464,857	4,294,318
Unamortized discount and debt issuance cost	(324,271)	(359,172)
Carrying value	4,140,586	3,935,146
12% Amended Senior Secured Notes [Member]
Short-term Debt [Line Items]
Principal Balance (including accrued interest)	59,743,851	56,296,091
Unamortized discount and debt issuance cost	(2,773,709)	(3,739,690)
Carrying value	56,970,142	52,556,401
Payroll Protection Program Loan [Member]
Short-term Debt [Line Items]
Principal Balance (including accrued interest)		5,702,725
Unamortized discount and debt issuance cost
Carrying value		$ 5,702,725

Long-term Debt (Details Narrati

Long-term Debt (Details Narrative) - USD ($)	Jun. 22, 2021	Apr. 06, 2020	Mar. 24, 2020	Mar. 24, 2020	Mar. 19, 2020	Feb. 27, 2020	Aug. 27, 2019	Jun. 14, 2019	Jun. 10, 2019
Delayed Draw Term Note [Member]
Debt Instrument [Line Items]
Percentage of decrease in interest					10.00%
12% Amended Senior Secured Notes [Member]
Debt Instrument [Line Items]
Proceeds from issuance of debt						$ 3,000,000	$ 3,000,000
12% Amended Senior Secured Notes [Member] | Delayed Draw Term Note [Member]
Debt Instrument [Line Items]
Debt instrument interest rate			15.00%	15.00%	15.00%
Proceeds from issuance of debt			$ 6,913,865
Debt maturity date			Mar. 31, 2021
Principal amount of debt			$ 12,000,000	$ 12,000,000
Legal fees			793,109
Net proceeds from issuance of debt			6,000,000
12% Amended Senior Secured Notes [Member] | Delayed Draw Term Note [Member] | Maximum [Member]
Debt Instrument [Line Items]
Principal amount of debt			$ 8,000,000	$ 8,000,000
12% Amended Senior Secured Notes [Member] | B R F Finance Co L L C [Member]
Debt Instrument [Line Items]
Debt instrument interest rate			12.00%	12.00%
Percentage of decrease in interest				10.00%
Twelve Senior Secured Note [Member]
Debt Instrument [Line Items]
Proceeds from issuance of debt									$ 20,000,000
Twelve Senior Secured Note [Member] | Amended And Restated Note Purchase Agreement [Member]
Debt Instrument [Line Items]
Proceeds from issuance of debt								$ 48,000,000	$ 68,000,000
Debt maturity date									Jun. 14, 2022
Payroll Protection Program Loan [Member]
Debt Instrument [Line Items]
Debt instrument interest rate		0.98%
Debt maturity date		Apr. 6, 2022
Proceeds from Bank Debt		$ 5,702,725
Debt Instrument, Decrease, Forgiveness	$ 5,702,725
Gain (Loss) on Extinguishment of Debt	$ 5,716,697

Preferred Stock (Details Narrat

Preferred Stock (Details Narrative) - Series L Preferred Stock [Member]	May 04, 2021$ / shares
Class of Stock [Line Items]
Shares Issued, Price Per Share	$ 0.01
Preferred Stock, Voting Rights	1,000 times the aggregate per share amount of all cash dividends, and 1,000 times the aggregate per share amount (payable in kind) of all non-cash dividends or other distributions paid to the holders of the Company’s common stock. The Series L Preferred Stock will be entitled to 1,000 votes on all matters submitted to a vote of the stockholders of the Company. In the event of any merger, consolidation or other transaction in which shares of the Company’s common stock are converted or exchanged, the Series L Preferred Stock will be entitled to receive 1,000 times the amount received per one share of the Company’s common stock.
Purchase Agreements [Member]
Class of Stock [Line Items]
Shares Issued, Price Per Share	$ 4

Summary of Warrant Activity (De

Summary of Warrant Activity (Details)	Jun. 30, 2021$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financing Warrants Classified as Derivative Liabilities (Shares)	2,375,000
Financing Warrants Classified within Stockholders' Equity (Shares)	507,055
Total Exercisable Financing Warrants (Shares)	2,882,055
M D B Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financing Warrants Exercise Price | $ / shares	$ 0.20
Financing Warrants Expiration Date	Nov. 4, 2021
Financing Warrants Classified as Derivative Liabilities (Shares)
Financing Warrants Classified within Stockholders' Equity (Shares)	327,490
Total Exercisable Financing Warrants (Shares)	327,490
Strome Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financing Warrants Exercise Price | $ / shares	$ 0.50
Financing Warrants Expiration Date	Jun. 15, 2023
Financing Warrants Classified as Derivative Liabilities (Shares)	1,500,000
Financing Warrants Classified within Stockholders' Equity (Shares)
Total Exercisable Financing Warrants (Shares)	1,500,000
B. Riley Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financing Warrants Exercise Price | $ / shares	$ 1
Financing Warrants Expiration Date	Oct. 18, 2025
Financing Warrants Classified as Derivative Liabilities (Shares)	875,000
Financing Warrants Classified within Stockholders' Equity (Shares)
Total Exercisable Financing Warrants (Shares)	875,000
M D B Warrants One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financing Warrants Exercise Price | $ / shares	$ 1.15
Financing Warrants Expiration Date	Oct. 19, 2022
Financing Warrants Classified as Derivative Liabilities (Shares)
Financing Warrants Classified within Stockholders' Equity (Shares)	119,565
Total Exercisable Financing Warrants (Shares)	119,565
M D B Warrants Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financing Warrants Exercise Price | $ / shares	$ 2.50
Financing Warrants Expiration Date	Oct. 19, 2022
Financing Warrants Classified as Derivative Liabilities (Shares)
Financing Warrants Classified within Stockholders' Equity (Shares)	60,000
Total Exercisable Financing Warrants (Shares)	60,000

Stockholders_ Equity (Details N

Stockholders’ Equity (Details Narrative) - USD ($)	Jun. 02, 2021	May 25, 2021	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock authorized			1,000,000,000	1,000,000,000		1,000,000,000
Common stock par value			$ 0.01	$ 0.01		$ 0.01
Proceeds from issuance of private placement			$ 19,837,757	$ 20,005,000
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Aggregate intrinsic value			$ 609,944	$ 609,944
Common stock, price per share			$ 0.78	$ 0.78
Securities Purchase Agreements [Member] | Accredited Investors [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued for sale	7,142,857	21,435,718
Stock issued price per share	$ 0.70	$ 0.70
Proceeds from issuance of private placement	$ 5,000,000	$ 15,005,000
Legal fees		167,244
Securities Purchase Agreements [Member] | B Riley [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Proceeds from issuance of private placement		19,837,757
Legal fees		$ 100,000

Summary of Stock-based Compensa

Summary of Stock-based Compensation (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost of revenue	$ 23,595,819	$ 24,874,179	$ 51,804,191	$ 51,613,012
Selling and marketing	14,881,455	8,409,343	32,410,164	17,769,281
General and administrative	15,567,647	7,270,511	21,206,477	17,680,716
Total stock-based compensation			13,215,394	7,343,575
Stock Based Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost of revenue	1,753,631	1,166,984	3,197,569	2,293,193
Selling and marketing	1,586,798	1,067,384	2,638,155	2,135,984
General and administrative	4,775,953	1,549,087	7,379,670	2,914,398
Total costs charged to operations	8,116,382	3,783,455	13,215,394	7,343,575
Capitalized platform development	549,557	499,611	858,752	869,663
Total stock-based compensation	8,665,939	4,283,066	14,074,146	8,213,238
Stock Based Compensation [Member] | Publisher Partner Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost of revenue		27,623		35,662
Selling and marketing
General and administrative
Total costs charged to operations		27,623		35,662
Capitalized platform development
Total stock-based compensation		27,623		35,662
Stock Based Compensation [Member] | ABG Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost of revenue
Selling and marketing
General and administrative	396,251	360,289	752,581	720,578
Total costs charged to operations	396,251	360,289	752,581	720,578
Capitalized platform development
Total stock-based compensation	396,251	360,289	752,581	720,578
Restricted Stock [Member] | Stock Based Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost of revenue	24,570	35,750	49,030	73,326
Selling and marketing		298,187		597,402
General and administrative	141,897	135,332	145,342	158,252
Total costs charged to operations	166,467	469,269	194,372	828,980
Capitalized platform development	4,125	75,709	8,948	145,992
Total stock-based compensation	170,592	544,978	203,320	974,972
Common Stock Awards [Member] | Stock Based Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost of revenue	19,202	27,970	146,265	97,766
Selling and marketing	4,891	23,783	9,929	59,511
General and administrative	101,939	138,156	219,266	309,828
Total costs charged to operations	126,032	189,909	375,460	467,105
Capitalized platform development	2,351	80,608	5,071	121,765
Total stock-based compensation	128,383	270,517	380,531	588,870
Common Equity Awards [Member] | Stock Based Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost of revenue	1,708,404	1,073,674	2,998,778	2,083,266
Selling and marketing	1,507,535	701,925	2,479,048	1,380,204
General and administrative	4,135,866	819,916	6,262,481	1,575,163
Total costs charged to operations	7,351,805	2,595,515	11,740,307	5,038,633
Capitalized platform development	540,917	341,642	840,951	597,643
Total stock-based compensation	7,892,722	2,937,157	12,581,258	5,636,276
Outside Options [Member] | Stock Based Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost of revenue	1,455	1,967	3,496	3,173
Selling and marketing	74,372	43,489	149,178	98,867
General and administrative		95,394		150,577
Total costs charged to operations	75,827	140,850	152,674	252,617
Capitalized platform development	2,164	1,652	3,782	4,263
Total stock-based compensation	$ 77,991	$ 142,502	$ 156,456	$ 256,880

Schedule of Unrecognized Compen

Schedule of Unrecognized Compensation Expense (Details) - Stock Based Compensation [Member]	6 Months Ended
	Jun. 30, 2021USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 68,879,591
Weighted average period expected to be recognized (in years)	2 years 3 months
Publisher Partner Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense
ABG Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 3,076,571
Weighted average period expected to be recognized (in years)	1 year 10 months 17 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 3,178,298
Weighted average period expected to be recognized (in years)	1 year 11 months 4 days
Common Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 98,636
Weighted average period expected to be recognized (in years)	2 months 8 days
Common Equity Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 62,311,494
Weighted average period expected to be recognized (in years)	2 years 3 months 18 days
Outside Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 214,592
Weighted average period expected to be recognized (in years)	8 months 8 days

Compensation Plans (Details Nar

Compensation Plans (Details Narrative) - $ / shares	Jun. 04, 2021	Jun. 03, 2021
ABG Warrants [Member]
Class of Warrant or Right [Line Items]
Exercise price	$ 0.84	$ 0.42
ABG Warrants [Member]
Class of Warrant or Right [Line Items]
Number of warrants	10,994,922

Schedule of Disaggregation of R

Schedule of Disaggregation of Revenue (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Total revenue	$ 34,746,512	$ 23,090,940	$ 68,361,993	$ 53,503,793
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue	27,056,401	17,001,490	53,587,401	41,877,096
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue	7,690,111	6,089,450	14,774,592	11,626,697
UNITED STATES
Disaggregation of Revenue [Line Items]
Total revenue	33,360,160	22,049,636	65,934,337	51,331,766
Other [Member]
Disaggregation of Revenue [Line Items]
Total revenue	1,386,352	1,041,304	2,427,656	2,172,027
Advertising [Member]
Disaggregation of Revenue [Line Items]
Total revenue	13,548,069	7,541,616	24,622,494	19,379,600
Digital Subscriptions [Member]
Disaggregation of Revenue [Line Items]
Total revenue	7,690,111	6,089,450	14,774,592	11,626,697
Magazine Circulation [Member]
Disaggregation of Revenue [Line Items]
Total revenue	12,642,018	8,629,166	27,352,041	21,166,698
Service, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenue	$ 866,314	$ 830,708	$ 1,612,866	$ 1,330,798

Schedule of Contract with Custo

Schedule of Contract with Customer, Asset and Liability (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Unearned revenue	$ 71,898,175	$ 61,625,676
Unearned revenue, net of current portion	28,160,455	23,498,597
Digital Subscriptions [Member]
Disaggregation of Revenue [Line Items]
Unearned revenue	19,358,809	15,039,331
Unearned revenue, net of current portion	685,039	593,136
Magazine Circulation [Member]
Disaggregation of Revenue [Line Items]
Unearned revenue	52,539,366	46,586,345
Unearned revenue, net of current portion	27,297,916	22,712,961
Service, Other [Member]
Disaggregation of Revenue [Line Items]
Unearned revenue, net of current portion	$ 177,500	$ 192,500

Revenue Recognition (Details Na

Revenue Recognition (Details Narrative)	Jun. 30, 2021USD ($)
Revenue from Contract with Customer [Abstract]
Unearned revenue	$ 35,652,466

Schedule of Liquidating Damages

Schedule of Liquidating Damages (Details) - Contingent Obligations [Member]	Jun. 30, 2021USD ($)
Loss Contingencies [Line Items]
Registration Rights Damages	$ 240,000
Public Information Failure Damages	906,916
Accrued interest	360,359
Totals	1,507,275
Series H Preferred Stock [Member]
Loss Contingencies [Line Items]
Registration Rights Damages
Public Information Failure Damages	5,236
Accrued interest	93,575
Totals	98,811
Twelve Percent Convertible Debentures [Member]
Loss Contingencies [Line Items]
Registration Rights Damages
Public Information Failure Damages
Accrued interest	36,320
Totals	36,320
Series I Convertible Preferred Stock [Member]
Loss Contingencies [Line Items]
Registration Rights Damages
Public Information Failure Damages
Accrued interest	111,184
Totals	111,184
Series J Preferred Stock [Member]
Loss Contingencies [Line Items]
Registration Rights Damages	240,000
Public Information Failure Damages	240,000
Accrued interest	108,059
Totals	588,059
Series K Preferred Stock [Member]
Loss Contingencies [Line Items]
Registration Rights Damages
Public Information Failure Damages	661,680
Accrued interest	11,221
Totals	$ 672,901

Commitments and Contingencies_2

Commitments and Contingencies (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Loss Contingencies [Line Items]
Revenue guarantee description			These arrangements generally guarantee the publisher a monthly amount of income for a period of 12 to 24 months from inception of the publisher contract that is the greater of (a) a fixed monthly minimum, or (b) the calculated earned revenue share.
Revenue	$ 34,746,512	$ 23,090,940	$ 68,361,993	$ 53,503,793
Publisher Partner Guarantees [Member]
Loss Contingencies [Line Items]
Revenue	$ 1,803,597	$ 2,628,477	$ 3,566,954	$ 5,002,564

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	1 Months Ended
	Jul. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Subsequent Event [Line Items]
Debt original amount		$ 64,208,708	$ 66,293,134
12% Amended Senior Secured Notes [Member]
Subsequent Event [Line Items]
Debt original amount		$ 59,743,851	$ 56,296,091
Subsequent Event [Member] | 12% Amended Senior Secured Notes [Member]
Subsequent Event [Line Items]
Debt original amount	$ 60,100,000
Principal amount of debt	48,800,000
Payment of in-kind interest	10,800,000
Accrued interest	500,000
Subsequent Event [Member] | Delayed Draw Term Note [Member]
Subsequent Event [Line Items]
Debt original amount	4,600,000
Principal amount of debt	3,600,000
Payment of in-kind interest	$ 1,000,000
Subsequent Event [Member] | Common Stock Options and Restricted Stock Units [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	693,888