Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.21.1
Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]
Schedule of anti-diluted shares
For the Three Months Ended
March 31,
2021 2020
Restricted common shares 199,143
-
Common shares subscribed
-
1,018,848
Options 2,430,000 2,360,000
Warrants 20,091,549 18,637,003
Convertible debt 235,294 1,647,058
Equity purchase options 600,000 600,000
Contingent consideration shares 269,231 3,846,153
23,825,217 28,109,062

Schedule of roll forward of the company’s level 3 instruments
Balance, December 31, 2020 $ 3,000
Change in fair value of sponsor warrants 36,300
Balance, March 31, 2021 $ 39,300

Schedule of key inputs into the black-scholes model at the relevant measurement dates
March 31, December 31,
Input 2021 2020
Risk-free rate 0.35 % 0.27 %
Remaining term in years 3.36 3.61
Expected volatility 45.0 % 42.0 %
Exercise price $ 11.50 $ 11.50
Fair value of common stock $ 2.88 $ 1.58

Schedule of revenue recognition
For the Three Months Ended
March 31,
2021 2020
Revenues Recognized at a Point in Time:
Event revenue $ 110,441 $ 223,447
Food and beverage revenue 70,704 232,299
Ticket and gaming revenue 68,644 138,687
Sponsorship revenue
-
2,502
Merchandising revenue 6,945 18,049
Other revenue
-
104
Total Revenues Recognized at a Point in Time 256,734 615,088
Revenues Recognized Over a Period of Time:
Sponsorship revenue 244,294 442,653
Total Revenues Recognized Over a Period of Time 244,294 442,653
Total Revenues $ 501,028 $ 1,057,741