Significant Accounting Policies (Tables)
|
6 Months Ended |
Jun. 30, 2022 |
|---|
| Significant Accounting Policies (Tables) [Line Items] |
|
| Schedule of roll forward of the company’s level 3 instruments |
| Balance, January 1, 2022 |
|
$ |
3,200 |
|
| Change in fair value of sponsor warrants |
|
|
1,300 |
|
| Balance, March 31, 2022 |
|
|
4,500 |
|
| Change in fair value of sponsor warrants |
|
|
65,500 |
|
| Balance, June 30, 2022 |
|
$ |
70,000 |
|
|
| Schedule of key inputs into the black-scholes model at the relevant measurement dates |
| |
|
June 30, |
|
|
December 31, |
|
| Input |
|
2022 |
|
|
2021 |
|
| Risk-free rate |
|
|
2.92 |
% |
|
|
0.97 |
% |
| Remaining term in years |
|
|
2.11 |
|
|
|
2.61 |
|
| Expected volatility |
|
|
97.0 |
% |
|
|
46.0 |
% |
| Exercise price |
|
$ |
11.50 |
|
|
$ |
11.50 |
|
| Fair value of common stock |
|
$ |
1.43 |
|
|
$ |
1.81 |
|
|
| Schedule of basic and diluted net loss per common share |
| |
|
For the Three Months Ended |
|
|
For the Six Months Ended |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss - continuing operations |
|
$ |
(3,688,951 |
) |
|
$ |
(4,333,491 |
) |
|
$ |
(7,440,148 |
) |
|
$ |
(9,307,209 |
) |
| Net income - discontinued operations |
|
$ |
- |
|
|
$ |
1,393,411 |
|
|
$ |
- |
|
|
$ |
3,030,453 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted-average common shares outstanding |
|
|
39,116,907 |
|
|
|
39,162,811 |
|
|
|
39,116,907 |
|
|
|
39,154,895 |
|
| Less: weighted-average unvested restricted shares |
|
|
- |
|
|
|
(199,143 |
) |
|
|
(26,077 |
) |
|
|
(199,143 |
) |
| Denominator for basic and diluted net loss per share |
|
|
39,116,907 |
|
|
|
38,963,668 |
|
|
|
39,090,830 |
|
|
|
38,955,752 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic and Diluted Net (Loss) Income per Common Share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Continuing operations |
|
$ |
(0.09 |
) |
|
$ |
(0.11 |
) |
|
$ |
(0.19 |
) |
|
$ |
(0.24 |
) |
| Discontinued operations, net of tax |
|
$ |
- |
|
|
$ |
0.04 |
|
|
$ |
- |
|
|
$ |
0.08 |
|
|
| Schedule of weighted average dilutive common shares |
| |
|
As of June 30, |
|
| |
|
2022 |
|
|
2021 |
|
| Restricted common shares |
|
|
- |
|
|
|
199,143 |
|
| Options |
|
|
2,415,000 |
|
|
|
2,552,500 |
|
| Warrants |
|
|
20,091,549 |
|
|
|
20,091,549 |
|
| Convertible debt |
|
|
- |
|
|
|
235,294 |
|
| Equity purchase options |
|
|
600,000 |
|
|
|
600,000 |
|
| Contingent consideration shares (1) |
|
|
192,308 |
|
|
|
269,231 |
|
| |
|
|
23,298,857 |
|
|
|
23,947,717 |
|
|
| Schedule of multiplatform revenue |
| |
|
For the Three Months Ended |
|
|
For the Six Months Ended |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| NFT revenue |
|
$ |
27,690 |
|
|
$ |
- |
|
|
$ |
236,448 |
|
|
$ |
- |
|
| Distribution revenue |
|
|
773 |
|
|
|
153,723 |
|
|
|
1,003 |
|
|
|
153,723 |
|
| Total multiplatform revenue |
|
$ |
28,463 |
|
|
$ |
153,723 |
|
|
$ |
237,451 |
|
|
$ |
153,723 |
|
|
| Schedule of changes in digital assets |
| Balance, December 31, 2021 |
|
$ |
- |
|
| Purchases |
|
|
41,026 |
|
| Received from customers |
|
|
228,245 |
|
| Expenses paid using digital assets |
|
|
(41,026 |
) |
| Impairment loss |
|
|
(164,411 |
) |
| Balance, June 30, 2022 |
|
$ |
63,834 |
|
|
| In-person [Member] |
|
| Significant Accounting Policies (Tables) [Line Items] |
|
| Schedule of revenue recognition |
| |
|
For the Three Months Ended |
|
|
For the Six Months Ended |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| Event revenue |
|
$ |
664,547 |
|
|
$ |
307,470 |
|
|
$ |
1,201,144 |
|
|
$ |
417,911 |
|
| Sponsorship revenue |
|
|
156,250 |
|
|
|
129,237 |
|
|
|
1,482,500 |
|
|
|
373,531 |
|
| Food and beverage revenue |
|
|
158,342 |
|
|
|
100,104 |
|
|
|
359,660 |
|
|
|
170,808 |
|
| Ticket and gaming revenue |
|
|
133,372 |
|
|
|
129,311 |
|
|
|
251,151 |
|
|
|
197,955 |
|
| Merchandising revenue |
|
|
16,860 |
|
|
|
4,664 |
|
|
|
37,982 |
|
|
|
11,609 |
|
| Other revenue |
|
|
- |
|
|
|
100 |
|
|
|
- |
|
|
|
100 |
|
| Total in-person revenue |
|
$ |
1,129,371 |
|
|
$ |
670,886 |
|
|
$ |
3,332,437 |
|
|
$ |
1,171,914 |
|
|
| Adjustment under 606 [Member] |
|
| Significant Accounting Policies (Tables) [Line Items] |
|
| Schedule of revenue recognition |
| |
|
For the Three Months Ended |
|
|
For the Six Months Ended |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues Recognized at a Point in Time: |
|
|
|
|
|
|
|
|
|
|
|
|
| Event revenue |
|
$ |
664,547 |
|
|
$ |
307,470 |
|
|
$ |
1,201,144 |
|
|
$ |
417,911 |
|
| NFT revenue |
|
|
27,690 |
|
|
|
- |
|
|
|
236,448 |
|
|
|
- |
|
| Food and beverage revenue |
|
|
158,342 |
|
|
|
100,104 |
|
|
|
359,660 |
|
|
|
170,808 |
|
| Ticket and gaming revenue |
|
|
133,372 |
|
|
|
129,311 |
|
|
|
251,151 |
|
|
|
197,955 |
|
| Merchandising revenue |
|
|
16,860 |
|
|
|
4,664 |
|
|
|
37,982 |
|
|
|
11,609 |
|
| Distribution revenue |
|
|
773 |
|
|
|
153,723 |
|
|
|
1,003 |
|
|
|
153,723 |
|
| Other revenue |
|
|
- |
|
|
|
100 |
|
|
|
- |
|
|
|
100 |
|
| Total Revenues Recognized at a Point in Time |
|
|
1,001,584 |
|
|
|
695,372 |
|
|
|
2,087,388 |
|
|
|
952,106 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues Recognized Over a Period of Time: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sponsorship revenue |
|
|
156,250 |
|
|
|
129,237 |
|
|
|
1,482,500 |
|
|
|
373,531 |
|
| Total Revenues Recognized Over a Period of Time |
|
|
156,250 |
|
|
|
129,237 |
|
|
|
1,482,500 |
|
|
|
373,531 |
|
| Total Revenues |
|
$ |
1,157,834 |
|
|
$ |
824,609 |
|
|
$ |
3,569,888 |
|
|
$ |
1,325,637 |
|
|