Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

v3.21.1
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Significant Accounting Policies (Tables) [Line Items]
Schedule of estimated useful lives of property and equipment
Computer equipment 3 - 5 years
Production equipment 5 years
Furniture and Fixtures 3 - 5 years
Software 1 - 5 years
Gaming Truck 5 years
Leasehold Improvements 10 years

Schedule of anti-diluted shares
December 31,
2020 2019
Restricted common shares 199,143
-
Options 2,430,000 2,480,000
Warrants 20,091,549 18,637,003
Convertible debt 439,811 (1) 1,647,058
Equity purchase options 600,000 600,000
Contingent consideration shares 269,231 3,846,153
24,029,734 27,210,214

In-person [Member]
Significant Accounting Policies (Tables) [Line Items]
Schedule of revenue recognition
For the Years Ended
December 31,
2020 2019
Event revenue $ 574,536 $ 3,544,868
Sponsorship revenue 1,730,198 2,081,029
Food and beverage revenue 310,826 1,158,004
Ticket and gaming revenue 349,526 543,204
Merchandising revenue 22,209 171,014
Other revenue 1,068 244
Total in-person revenue $ 2,988,363 $ 7,498,363

Multiplatform Revenue [Member]
Significant Accounting Policies (Tables) [Line Items]
Schedule of revenue recognition
For the Years Ended
December 31,
2020 2019
Distribution revenue $ 222,442 $
-
Content revenue
-
50,000
Total multiplatform revenue $ 222,442 $ 50,000

Adjustment under 606 [Member]
Significant Accounting Policies (Tables) [Line Items]
Schedule of revenue recognition
For the Years Ended
December 31,
2020 2019
Revenues Recognized at a Point in Time:
Event revenue $ 574,536 $ 3,544,868
Distribution revenue 222,442
-
Food and beverage revenue 310,826 1,158,004
Ticket and gaming revenue 349,526 543,204
Merchandising revenue 22,209 171,014
Content revenue
-
50,000
Other revenue 1,068 244
Total Revenues Recognized at a Point in Time 1,480,607 5,467,334
Revenues Recognized Over a Period of Time:
Sponsorship revenue 1,730,198 2,081,029
Total Revenues Recognized Over a Period of Time 1,730,198 2,081,029
Total Revenues $ 3,210,805 $ 7,548,363