Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
In-person $ 1,455,867 $ 595,932 $ 2,627,781 $ 2,274,135
Multiplatform content 229,961 951 383,684 951
Total Revenues 1,685,828 596,883 3,011,465 2,275,086
Costs and Expenses:        
In-person (exclusive of depreciation and amortization) 1,249,640 640,409 2,442,750 2,134,964
Multiplatform content (exclusive of depreciation and amortization) 87,373 214,258
Online operating expenses 37,462 34,577 134,009 148,977
Selling and marketing expenses 87,755 52,788 216,428 185,004
General and administrative expenses 3,196,736 2,270,018 8,444,054 8,039,358
Stock-based compensation 151,220 508,268 1,081,362 4,729,643
Depreciation and amortization 806,137 905,580 2,495,939 2,715,007
Impairment of investment in ESA 1,138,631
Total Costs and Expenses 5,616,323 4,411,640 15,028,800 19,091,584
Loss From Operations (3,930,495) (3,814,757) (12,017,335) (16,816,498)
Other Income (Expense):        
Gain on forgiveness of PPP loans and interest 912,475 912,475
Other income (expense), net 54,434 (2,973) 69,413 (5,432)
Conversion inducement expense (5,247,531)
Extinguishment loss on acceleration of debt redemption (1,733,768) (1,733,768)
Interest expense (11,809) (1,488,517) (269,411) (3,033,524)
Total Other Income (Expense) 955,100 (3,225,258) 712,477 (10,020,255)
Loss from continuing operations (2,975,395) (7,040,015) (11,304,858) (26,836,753)
(Loss) income from discontinued operations, net of tax provision:        
(Loss) income from discontinued operations before sale of WPT (3,151,740) 491,138 (1,099,033) 630,678
Gain on sale of WPT 80,429,729 80,429,729
Income from discontinued operations 77,277,989 491,138 79,330,696 630,678
Net income (loss) $ 74,302,594 $ (6,548,877) $ 68,025,838 $ (26,206,075)
Basic and Diluted Net (Loss) Income per Common Share        
Continuing operations (in Dollars per share) $ (0.08) $ (0.24) $ (0.29) $ (1.01)
Discontinued operations, net of tax (in Dollars per share) $ 1.98 $ 0.02 $ 2.04 $ 0.02
Weighted Average Number of Common Shares Outstanding:        
Basic (in Shares) 39,043,863 29,626,222 38,970,267 26,508,006
Diluted (in Shares) 39,043,863 29,626,222 38,970,267 26,508,006
Comprehensive Loss        
Net Income (Loss) $ 74,302,594 $ (6,548,877) $ 68,025,838 $ (26,206,075)
Other comprehensive (loss) income:        
Foreign currency translation adjustments (22,031) 45,358 35,889 45,548
Total Comprehensive Income (Loss) $ 74,280,563 $ (6,503,519) $ 68,061,727 $ (26,160,527)