Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses and Other Current Liabilities

v3.22.2
Accrued Expenses and Other Current Liabilities
3 Months Ended
Mar. 31, 2022
Accrued Expenses and Other Current Liabilities [Abstract]  
Accrued Expenses and Other Current Liabilities

Note 3 – Accrued Expenses and Other Current Liabilities 

 

Accrued expenses and other current liabilities consist of the following:

 

    March 31,     December 31,  
    2022     2021  
Compensation expense   $ 2,411,357     $ 2,202,621  
Current portion of deferred rent     160,993       198,504  
Event costs     465,051       8,874  
Legal and professional fees     406,027       368,691  
Warrant liabilities     4,500       3,200  
Other accrued expenses     145,732       172,858  
Other current liabilities     30,671       11,497  
Total   $ 3,624,331     $ 2,966,245  
Less: non current portion of accrued compensation expense     (208,333 )    
-
 
Accrued expenses and other current liabilities   $ 3,415,998     $ 2,966,245  
                 
Accrued expenses, related party(1)   $ 1,800,000     $ 1,800,000  

 

(1)   Represents amounts accrued to reimburse a principal shareholder for costs incurred in connection with specified Company transactions, including $1,300,000 incurred in connection with the sale of WPT.