Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.21.1
Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Schedule of anti-diluted shares
    For the Three Months Ended
March 31,
 
    2021     2020  
Restricted common shares     199,143      
-
 
Common shares subscribed    
-
      1,018,848  
Options     2,430,000       2,360,000  
Warrants     20,091,549       18,637,003  
Convertible debt     235,294       1,647,058  
Equity purchase options     600,000       600,000  
Contingent consideration shares     269,231       3,846,153  
      23,825,217       28,109,062  

 

Schedule of roll forward of the company’s level 3 instruments
Balance, December 31, 2020   $ 3,000  
Change in fair value of sponsor warrants     36,300  
Balance, March 31, 2021   $ 39,300  

  

Schedule of key inputs into the black-scholes model at the relevant measurement dates
    March 31,     December 31,  
Input   2021     2020  
Risk-free rate     0.35 %     0.27 %
Remaining term in years     3.36       3.61  
Expected volatility     45.0 %     42.0 %
Exercise price   $ 11.50     $ 11.50  
Fair value of common stock   $ 2.88     $ 1.58  

 

Schedule of revenue recognition
    For the Three Months Ended  
    March 31,  
    2021     2020  
             
Revenues Recognized at a Point in Time:                
Event revenue   $ 110,441     $ 223,447  
Food and beverage revenue     70,704       232,299  
Ticket and gaming revenue     68,644       138,687  
Sponsorship revenue    
-
      2,502  
Merchandising revenue     6,945       18,049  
Other revenue    
-
      104  
Total Revenues Recognized at a Point in Time     256,734       615,088  
                 
Revenues Recognized Over a Period of Time:                
Sponsorship revenue     244,294       442,653  
Total Revenues Recognized Over a Period of Time     244,294       442,653  
Total Revenues   $ 501,028     $ 1,057,741