| Accrued Expenses and Other Current Liabilities |
Note 5 – Accrued Expenses and
Other Current Liabilities
Accrued expenses and
other current liabilities consist of the following:
| |
|
March 31, |
|
|
December 31, |
|
| |
|
2021 |
|
|
2020 |
|
| Compensation expense |
|
$ |
1,356,094 |
(1) |
|
$ |
1,010,734 |
(1) |
| Rent |
|
|
336,632 |
|
|
|
148,919 |
|
| Event costs |
|
|
- |
|
|
|
26,926 |
|
| Legal and professional fees |
|
|
354,350 |
|
|
|
307,135 |
|
| Unclaimed player prizes |
|
|
14,425 |
|
|
|
45,171 |
|
| Other accrued expenses |
|
|
90,545 |
|
|
|
265,751 |
|
| Warrant liabilities |
|
|
39,300 |
|
|
|
3,000 |
|
| Other current liabilities |
|
|
62,845 |
|
|
|
179,381 |
|
| |
|
$ |
2,254,191 |
|
|
$ |
1,987,017 |
|
| (1) | Accrued compensation expense as of March 31, 2021 and December 31, 2020 includes approximately $571,000 which is payable to the employees of the Company’s continuing operations for their 2020 services, contingent upon the closing of the sale of WPT. |
|