Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.20.1
Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2020
Schedule of antidiluted shares

    For the Three Months Ended
March 31,
 
    2020     2019  
Common shares subscribed     1,018,848       -  
Options     2,360,000       -  
Warrants     18,637,003       3,800,000  
Convertible debt     1,647,058       -  
Unit purchase options     600,000       600,000  
Contingent consideration shares     3,846,153       -  
      28,109,062       4,400,000  

Adjustment under 606 [Member]  
Schedule of revenue recognition
    For the Three Months Ended  
    March 31,  
    2020     2019  
             
Revenues Recognized at a Point in Time:            
Event revenue   $ 1,470,628       1,679,759  
Distribution revenue     456,919       434,749  
Social gaming revenue     261,924       104,784  
Food and beverage revenue     232,299       371,866  
Sponsorship revenue     2,502       67,295  
Ticket and gaming revenue     138,687       172,039  
Merchandising revenue     18,049       50,572  
Music royalty revenue     373,739       299,369  
Online advertising revenue     1,955       -  
Other revenue     10,546       4,045  
Total Revenues Recognized at a Point in Time     2,967,248       3,184,478  
                 
Revenues Recognized Over a Period of Time:                
Subscription revenue     1,286,789       1,227,623  
Sponsorship revenue     826,937       773,614  
Virtual product revenue     924,315       923,495  
Licensing revenue     39,764       125,838  
Total Revenues Recognized Over a Period of Time     3,077,805       3,0550,570  
Total Revenues   $ 6,045,053     $ 6,235,048  
In-person [Member]  
Schedule of revenue recognition
  For the Three Months Ended  
    March 31,  
    2020     2019  
Event revenue   $ 1,470,628     $ 1,679,759  
Sponsorship revenue     445,155       473,405  
Food and beverage revenue     232,299       371,866  
Ticket and gaming revenue     138,687       172,039  
Merchandising revenue     18,049       50,572  
Other revenue     104       -  
Total in-person revenue   $ 2,304,922     $ 2,747,641  
Multiplatform Content [Member]  
Schedule of revenue recognition
    For the Three Months Ended  
    March 31,  
    2020     2019  
Distribution revenue   $ 456,919       434,749  
Sponsorship revenue     384,284       367,504  
Music royalty revenue     373,739       299,369  
Online advertising revenue     1,955       -  
Total multiplatform content revenue   $ 1,216,897     $ 1,101,622  
Interactive Product [Member]  
Schedule of revenue recognition

    For the Three Months Ended  
    March 31,  
    2020     2019  
Subscription revenue   $ 1,286,789     $ 1,227,623  
Virtual product revenue     924,315       923,495  
Social gaming revenue     261,924       104,784  
Licensing revenue     39,764       125,838  
Other revenue     10,442       4,045  
Total interactive revenue   $ 2,523,234     $ 2,385,785