Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets    
Cash $ 10,543,015 $ 424,223
Restricted cash 5,000,000 5,000,000
Accounts receivable 62,297 271,142
Prepaid expenses and other current assets 618,876 909,766
Current assets held for sale 47,286,263 45,363,817
Total Current Assets 63,510,451 51,968,948
Property and equipment, net 8,386,189 9,275,729
Intangible assets, net 29,820 30,818
Deposits 625,000 625,000
Total Assets 72,551,460 61,900,495
Current Liabilities    
Accounts payable 1,090,025 901,353
Deposit for sale of WPT 10,000,000  
Accrued expenses and other current liabilities 2,254,191 1,987,017
Accrued interest, current portion 256,249 152,899
Due to affiliates 11,968,377 9,433,975
Deferred revenue 98,903 57,018
Bridge note payable 1,421,096 1,421,096
Convertible debt, net of discount, current portion 1,000,000 1,000,000
Convertible debt, related party, net of discount, current portion 1,000,000 1,000,000
Loans payable, current portion 814,960 539,055
Current liabilities held for sale 9,248,465 9,169,247
Total Current Liabilities 39,152,266 25,661,660
Deferred rent 1,827,909 1,693,066
Accrued interest, non-current portion   193,939
Convertible debt, net of discount, non-current portion   578,172
Loans payable, non-current portion 92,169 368,074
Total Liabilities 41,072,344 28,494,911
Commitments and Contingencies
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized, none issued and outstanding
Common stock, $0.0001 par value; 100,000,000 shares authorized, 39,162,811 and 38,506,844 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 3,917 3,851
Additional paid in capital 196,872,987 195,488,181
Accumulated deficit (165,614,090) (162,277,414)
Accumulated other comprehensive income 216,302 190,966
Total Stockholders’ Equity 31,479,116 33,405,584
Total Liabilities and Stockholders’ Equity $ 72,551,460 $ 61,900,495