Business Combination (Details Textual) |
1 Months Ended | 12 Months Ended | ||
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Jan. 31, 2018
USD ($)
Arenas
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Dec. 31, 2019
USD ($)
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Mar. 31, 2020
USD ($)
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Dec. 31, 2018
USD ($)
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Business Combination (Textual) | ||||
Ownership interest | 18.20% | |||
Additional cash purchase | $ 1,337,454 | |||
Interest in ESA | 64.20% | |||
Controlling interest | 82.40% | |||
Goodwill | $ 4,337,660 | $ 4,083,621 | $ 4,083,621 | $ 4,083,621 |
Business combination, description | Pursuant to the terms of the Contribution Agreement, in the event that Allied Esports failed to contribute the minimum funding commitments noted above, Allied Esports would be required to convey a portion of its membership interests in ESA to the minority investors of ESA. Effective August 1, 2018, Allied Esports entered into an amendment to the agreement with the non-controlling interest members of ESA (who are not related parties to Allied Esports) to reduce Allied Esports’s ongoing contribution requirements, and accordingly, conveyed a majority of its membership interests in ESA to the minority investors, and only retained a 25% non-voting interest in ESA. Additionally, as part of the amendment, Allied Esports reduced its funding commitment to $1,803,126. As of August 1, 2018, Allied Esports derecognized the assets, liabilities and equity of ESA since Allied Esports no longer had a controlling interest in ESA. See Note 6 – Other Assets for additional details. The deconsolidation of ESA is not considered a discontinued operation, because deconsolidation of ESA does not meet the criteria for discontinued operations under ASC 205-20 “Presentation of Financial Statements, Discontinued Operations”. | |||
Acquistion | $ 40,000,000 | |||
Number of arenas | Arenas | 12 | |||
Customer list relationships | $ 940,000 | |||
Aggregate of trade names | $ 140,000 |
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- Definition Business combination description. No definition available.
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- Definition Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Trade Names. No definition available.
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- Definition Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Customer List. No definition available.
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- Definition Business Combination (Textual). No definition available.
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- Definition Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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