Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of straight-line basis over the estimated useful lives of the assets
Asset Class   Estimated useful lives  
Video and studio equipment   5 years  
Website and internally developed software   3 years  
Computer and electronics   5 years  
Vehicles   5 years  
Furniture and fixtures   5 years  
Leasehold improvements   Lesser of useful life or lease term  

 
Schedule of computation of basic and diluted income (loss) per share
    For the year ended
December 31,		  
    2020     2019  
Net income (loss)   $ 2,113,829     $ (655,840 )
Less: Preferred stocks dividends     442,697       500,000  
Less: Deemed Preferred dividends     15,000,000       -  
Loss available to common shareholders     (13,328,868 )     (1,155,840 )
                 
Weighted average number of shares (basic and diluted)     25,860,097       24,950,958  
Basic and diluted earnings per share   $ (0.52 )   $ (0.05 )