Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Details)

v3.21.2
Commitments and Contingencies (Details)
1 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended
Jul. 13, 2021
USD ($)
$ / shares
shares
Jul. 06, 2021
Nov. 05, 2020
May 29, 2021
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Aug. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Sep. 19, 2029
shares
Sep. 19, 2021
shares
Nov. 21, 2019
USD ($)
Commitments and Contingencies (Textual)
Expense reimbursement request $ 2,300,000
Lease and rent description On November 5, 2020, Allied Esports entered into an amendment of its lease of event space in Las Vegas Nevada (the “Amended Las Vegas Lease”), pursuant to which (i) $299,250 of deferred minimum monthly rent and additional rent due under the lease for the period from April 1, 2020 through June 3, 2020 must be paid in its entirety by December 31, 2021; (ii) the monthly rent to be paid for the period from June 25, 2020 through December 31, 2020 (the “Rent Relief Period) was reduced to an amount equal to 20% of gross sales (excluding food sales) at the event space (the “Percentage Rent”), (iii) the initial term of the lease was extended for two additional months until May 31, 2023, and (iv) the option period to extend the lease was extended to between April 1, 2022 and September 30, 2022.
Minimum rent payment $ 194,000
Severance pay $ 400,000
Accelerated vesting of unvested stock option $ 225,000
Compensation for non-executive directors On July 6, 2021, the Board approved the following compensation for non-executive directors: (i) annual $30,000 fee for director services; (ii) annual $10,000 fee for non-chair committee services (capped at $10,000 per director); and (iii) annual $15,000 fee for committee chairs (capped at $15,000 per director).
Lease of Irvine [Member]
Commitments and Contingencies (Textual)
Lease description The lease expires on October 1, 2033. Current base rent pursuant to the Irvine Lease is $41,027 per month, increasing to $58,495 per month over the term of the lease.
lease of Los Angeles [Member]
Commitments and Contingencies (Textual)
Lease description The lease expires on November 30, 2031. Current base rent pursuant to the LA Lease is $38,533.50 per month, increasing to $51,785.80 per month over the term on the lease.
With in-person [Member]
Commitments and Contingencies (Textual)
Aggregate rent expense $ 317,550 $ 353,887 $ 891,977 $ 1,068,440
Mr Kim’s [Member] | Ms Rogers [Member]
Commitments and Contingencies (Textual)
Accelerated vesting shares (in Shares) | shares 10,000
General and Administrative Expense [Member]
Commitments and Contingencies (Textual)
Aggregate rent expense 46,535 95,304 219,161 313,377
Ms. Wu [Member]
Commitments and Contingencies (Textual)
Cost-of-living adjustments $ 500,000
Incentive bonus of annual salary 60.00%
Bonus payable received $ 200,000
Restricted common stock $ 80,000
Shares option vested Aug. 16, 2022
Number of purchase of share option (in Shares) | shares 200,000
Exercise price per share (in Dollars per share) | $ / shares $ 2.21
Mr. Ng [Member]
Commitments and Contingencies (Textual)
Accelerated vesting shares (in Shares) | shares 10,000
Forecast [Member]
Commitments and Contingencies (Textual)
Vested outstanding shares issued (in Shares) | shares 20,000
Forecast [Member] | Mr. Ng [Member]
Commitments and Contingencies (Textual)
Vested outstanding shares issued (in Shares) | shares 20,000
Minimum [Member]
Commitments and Contingencies (Textual)
Number of board of directors 10
Maximum [Member]
Commitments and Contingencies (Textual)
Number of board of directors 11
Aggregate Rent Expense [Member]
Commitments and Contingencies (Textual)
Aggregate rent expense $ 364,085 $ 449,191 $ 1,111,138 $ 1,381,817