Consolidated Financial Statements Details |
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Organization Consolidation And Presentation Of Financial Statements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Financial Statements Details |
NOTE 7. CONSOLIDATED FINANCIAL STATEMENTS DETAILS Consolidated Balance Sheets Details Accounts Receivable, Net Accounts receivable consisted of the following:
The amount that the Company invoices and collects from advertising clients includes the cost of the advertisement placed for them with broadcasters and the amount of the commission earned by the Company. The average commission earned by the Company is less than 15% of the total amount invoiced and collected from the advertising clients.
Property, Equipment and Improvements, Net Property, equipment and improvements consisted of the following:
Depreciation expense was $1,087 and $725 for the years ended December 31, 2019 and 2018, respectively. Accounts Payable Accounts payable consisted of the following:
Accounts payable – Advertising reflects the amounts due to broadcasters for advertisements placed on behalf of the Company’s advertising clients.
Consolidated Statements of Operations and Comprehensive Loss Details Net Revenues Net revenues for the periods presented were comprised of the following:
During the years ended December 31, 2019 and 2018, the Company’s advertising business made $216,483 and $145,352 in gross media placements, of which $200,709 and $121,143, respectively, were billed directly to clients. Of the amounts billed directly to clients, $177,930 and $105,737 represented media-related costs netted against billings during the years ended December 31, 2019 and 2018, respectively.
Disaggregated Revenue in 2019
Net revenues disaggregated for the year ended December 31, 2019 were as follows:
Other Income, Net Other income, net for the periods presented was comprised of the following:
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