Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

v3.21.1
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Significant Accounting Policies (Tables) [Line Items]  
Schedule of estimated useful lives of property and equipment
Computer equipment   3 - 5 years
Production equipment   5 years
Furniture and Fixtures   3 - 5 years
Software   1 - 5 years
Gaming Truck   5 years
Leasehold Improvements   10 years

 

Schedule of anti-diluted shares
    December 31,  
    2020     2019  
Restricted common shares     199,143      
-
 
Options     2,430,000       2,480,000  
Warrants     20,091,549       18,637,003  
Convertible debt     439,811 (1)      1,647,058  
Equity purchase options     600,000       600,000  
Contingent consideration shares     269,231       3,846,153  
      24,029,734       27,210,214  

In-person [Member]  
Significant Accounting Policies (Tables) [Line Items]  
Schedule of revenue recognition
    For the Years Ended  
    December 31,  
    2020     2019  
Event revenue   $ 574,536     $ 3,544,868  
Sponsorship revenue     1,730,198       2,081,029  
Food and beverage revenue     310,826       1,158,004  
Ticket and gaming revenue     349,526       543,204  
Merchandising revenue     22,209       171,014  
Other revenue     1,068       244  
Total in-person revenue   $ 2,988,363     $ 7,498,363  

Multiplatform Revenue [Member]  
Significant Accounting Policies (Tables) [Line Items]  
Schedule of revenue recognition
    For the Years Ended  
    December 31,  
    2020     2019  
Distribution revenue   $ 222,442     $
-
 
Content revenue    
-
      50,000  
Total multiplatform revenue   $ 222,442     $ 50,000  

 

Adjustment under 606 [Member]  
Significant Accounting Policies (Tables) [Line Items]  
Schedule of revenue recognition
    For the Years Ended  
    December 31,  
    2020     2019  
Revenues Recognized at a Point in Time:                
Event revenue   $ 574,536     $ 3,544,868  
Distribution revenue     222,442      
-
 
Food and beverage revenue     310,826       1,158,004  
Ticket and gaming revenue     349,526       543,204  
Merchandising revenue     22,209       171,014  
Content revenue    
-
      50,000  
Other revenue     1,068       244  
Total Revenues Recognized at a Point in Time     1,480,607       5,467,334  
                 
Revenues Recognized Over a Period of Time:                
Sponsorship revenue     1,730,198       2,081,029  
Total Revenues Recognized Over a Period of Time     1,730,198       2,081,029  
Total Revenues   $ 3,210,805     $ 7,548,363