Annual report pursuant to Section 13 and 15(d)

Accrued Expenses and Other Current Liabilities

v3.21.1
Accrued Expenses and Other Current Liabilities
 12 Months Ended
Dec. 31, 2020
Accrued Expenses and Other Current Liabilities [Abstract]
Accrued Expenses and Other Current Liabilities

Note 9 – Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following:

December 31,
2020 2019
Compensation expense $ 1,010,734 (1) $ 459,420
Rent 148,919 68,182
Event costs 26,926 112,963
Legal and professional fees 307,135 154,474
Unclaimed player prizes 45,171 4,599
Other accrued expenses 268,751 170,135
Other current liabilities 179,381 262,168
$ 1,987,017 $ 1,231,941

(1) Accrued compensation expense 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. See Note 14 – Commitments and Contingencies, 2020 Cash Bonus Payments.