Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses and Other Current Liabilities

v3.21.1
Accrued Expenses and Other Current Liabilities
3 Months Ended
Mar. 31, 2021
Accrued Expenses and Other Current Liabilities [Abstract]  
Accrued Expenses and Other Current Liabilities

Note 5 – Accrued Expenses and Other Current Liabilities

 

Accrued expenses and other current liabilities consist of the following:

 

    March 31,     December 31,  
    2021     2020  
Compensation expense   $ 1,356,094 (1)   $ 1,010,734 (1)
Rent     336,632       148,919  
Event costs    
-
      26,926  
Legal and professional fees     354,350       307,135  
Unclaimed player prizes     14,425       45,171  
Other accrued expenses     90,545       265,751  
Warrant liabilities     39,300       3,000  
Other current liabilities     62,845       179,381  
    $ 2,254,191     $ 1,987,017  

 

(1) Accrued compensation expense as of March 31, 2021 and December 31, 2020 includes approximately $571,000 which is payable to the employees of the Company’s continuing operations for their 2020 services, contingent upon the closing of the sale of WPT.