Annual report pursuant to Section 13 and 15(d)

Document and Entity Information

v3.20.1
Document and Entity Information - USD ($)
12 Months Ended
Dec. 31, 2019
Mar. 13, 2020
Jun. 30, 2019
Cover [Abstract]      
Entity Registrant Name Allied Esports Entertainment, Inc.    
Entity Central Index Key 0001708341    
Amendment Flag true    
Amendment Description This Amendment No. 1 to the Annual Report on Form 10-K/A (the "Report" or "Amended Form 10-K") of Allied Esports Entertainment Inc. (the "Company") amends the Company's Annual Report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission on March 16, 2020 (the "Original Form 10-K") to correct an inadvertent error in the weighted average shares outstanding in the financial statements for the year ended December 31, 2019. The Company incorrectly stated the weighted average number of shares outstanding – basic and diluted for the year ended December 31, 2019 as 18,098,797 rather than the correct number of 16,159,444. The Company also incorrectly stated the basic and diluted net loss per common share for the year ended December 31, 2019 as $(0.92) rather than the correct amount of $(1.04). As a result, the following items in the original filing have been amended: Part II, Item 8. Financial Statements, Consolidated Statements of Operations; and Part II, Item 8. Notes to Consolidated Financial Statements, Note 3 – Significant Accounting Policies, Net Loss Per Common Share In accordance with applicable generally accepted accounting principles, the Company has calculated and recognized adjustments accordingly. The following table shows the effect of the restatement on the Company's financial statements for the year ended December 31, 2019: Year Ended December 31, 2019 As Previously Reported Restated Weighted average common shares outstanding used to compute net loss per share, basic and diluted 18,098,797 16,159,144 Basic and diluted net loss per common share $ (0.92 ) $ (1.04 ) In addition, an updated press release reflecting the foregoing corrections and corrections to the weighted average number of shares outstanding – basic and diluted, and basic and diluted net loss per common share, for the quarters ended December 31, 2019 and 2018 is filed as Exhibit 99.1 to this Form 10-K/A, which supersedes the press release filed by the Company on March 16, 2020. Except as specifically noted above, this Form 10-K/A does not modify or update the Original 10-K or modify or update any related or other disclosures as originally filed, other than as required to reflect the effects of the amendment discussed above. Management has discussed the matters set forth above with the Company's independent registered public accounting firm. On March 17, 2020, the Company's Chief Financial Officer concluded that the financial statements and other financial data for the year ended December 31, 2019, as reported in the Original Form 10-K, should not be relied upon because of the error described above which has been corrected in the Amended Form 10-K/A. Additionally, investors, analysts and other persons should not rely upon any press releases, investor presentations or other communications that relate to that information.     
Current Fiscal Year End Date --12-31    
Document Type 10-K/A    
Document Period End Date Dec. 31, 2019    
Document Fiscal Period Focus FY    
Document Fiscal Year Focus 2019    
Entity Well-known Seasoned Issuer No    
Entity Voluntary Filers No    
Entity Current reporting Status Yes    
Entity Filer Category Accelerated Filer    
Entity Small Business true    
Entity Shell Company false    
Entity Emerging Growth Company true    
Entity Ex Transition Period false    
Entity Common Stock, Shares Outstanding   23,934,871  
Entity File Number 001-38226    
Entity Interactive Data Current Yes    
Entity Incorporation State Country Code DE    
Entity Public Float     $ 101,430,761