Quarterly report pursuant to Section 13 or 15(d)

Convertible Debt and Convertible Debt, Related Party (Details Textual)

v3.20.1
Convertible Debt and Convertible Debt, Related Party (Details Textual) - USD ($)
1 Months Ended 3 Months Ended
Aug. 05, 2019
Mar. 31, 2020
Mar. 31, 2019
Convertible Debt and Convertible Debt, Related Party (Textual)
Amortization of debt discount $ 64,192
Unamortized debt discount 102,192
Amendment and acknowledgement agreement, description The convertible notes (the “Notes”) are secured by the assets of the Company and mature on August 23, 2020 (the “Maturity Date”). The Notes are convertible into shares of AESE common stock at any time at a conversion price of $8.50 per share. Further, the minimum interest to be paid under each Note shall be the greater of (a) 18 months of accrued interest at 12% per annum; or (b) the sum of the actual interest accrued plus 6 months of additional interest at 12% per annum. In the event of default, the Notes shall become immediately due and payable upon the written notice of the holder.
Convertible Debt [Member]
Convertible Debt and Convertible Debt, Related Party (Textual)
Amortization of debt discount 64,192
Interest expense $ 682,940 $ 0
Shares of common stock, description If any holder elects to convert their Note into common stock, they would be entitled to receive additional shares of common stock equal to the product of (i) 3,846,153 shares, multiplied by (ii) that holder’s investment amount, divided by (iii) $100,000,000, if at any time within five years after the Closing Date, the last exchange-reported sale price of common stock trades at or above $13.00 for thirty (30) consecutive calendar days.