Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2021 |
Sep. 30, 2020 |
Sep. 30, 2021 |
Sep. 30, 2020 |
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| Revenues: | ||||
| In-person | $ 1,455,867 | $ 595,932 | $ 2,627,781 | $ 2,274,135 |
| Multiplatform content | 229,961 | 951 | 383,684 | 951 |
| Total Revenues | 1,685,828 | 596,883 | 3,011,465 | 2,275,086 |
| Costs and Expenses: | ||||
| In-person (exclusive of depreciation and amortization) | 1,249,640 | 640,409 | 2,442,750 | 2,134,964 |
| Multiplatform content (exclusive of depreciation and amortization) | 87,373 | 214,258 | ||
| Online operating expenses | 37,462 | 34,577 | 134,009 | 148,977 |
| Selling and marketing expenses | 87,755 | 52,788 | 216,428 | 185,004 |
| General and administrative expenses | 3,196,736 | 2,270,018 | 8,444,054 | 8,039,358 |
| Stock-based compensation | 151,220 | 508,268 | 1,081,362 | 4,729,643 |
| Depreciation and amortization | 806,137 | 905,580 | 2,495,939 | 2,715,007 |
| Impairment of investment in ESA | 1,138,631 | |||
| Total Costs and Expenses | 5,616,323 | 4,411,640 | 15,028,800 | 19,091,584 |
| Loss From Operations | (3,930,495) | (3,814,757) | (12,017,335) | (16,816,498) |
| Other Income (Expense): | ||||
| Gain on forgiveness of PPP loans and interest | 912,475 | 912,475 | ||
| Other income (expense), net | 54,434 | (2,973) | 69,413 | (5,432) |
| Conversion inducement expense | (5,247,531) | |||
| Extinguishment loss on acceleration of debt redemption | (1,733,768) | (1,733,768) | ||
| Interest expense | (11,809) | (1,488,517) | (269,411) | (3,033,524) |
| Total Other Income (Expense) | 955,100 | (3,225,258) | 712,477 | (10,020,255) |
| Loss from continuing operations | (2,975,395) | (7,040,015) | (11,304,858) | (26,836,753) |
| (Loss) income from discontinued operations, net of tax provision: | ||||
| (Loss) income from discontinued operations before sale of WPT | (3,151,740) | 491,138 | (1,099,033) | 630,678 |
| Gain on sale of WPT | 80,429,729 | 80,429,729 | ||
| Income from discontinued operations | 77,277,989 | 491,138 | 79,330,696 | 630,678 |
| Net income (loss) | $ 74,302,594 | $ (6,548,877) | $ 68,025,838 | $ (26,206,075) |
| Basic and Diluted Net (Loss) Income per Common Share | ||||
| Continuing operations (in Dollars per share) | $ (0.08) | $ (0.24) | $ (0.29) | $ (1.01) |
| Discontinued operations, net of tax (in Dollars per share) | $ 1.98 | $ 0.02 | $ 2.04 | $ 0.02 |
| Weighted Average Number of Common Shares Outstanding: | ||||
| Basic (in Shares) | 39,043,863 | 29,626,222 | 38,970,267 | 26,508,006 |
| Diluted (in Shares) | 39,043,863 | 29,626,222 | 38,970,267 | 26,508,006 |
| Comprehensive Loss | ||||
| Net Income (Loss) | $ 74,302,594 | $ (6,548,877) | $ 68,025,838 | $ (26,206,075) |
| Other comprehensive (loss) income: | ||||
| Foreign currency translation adjustments | (22,031) | 45,358 | 35,889 | 45,548 |
| Total Comprehensive Income (Loss) | $ 74,280,563 | $ (6,503,519) | $ 68,061,727 | $ (26,160,527) |
| X | ||||||||||
- Definition The reduction in the conversion price and the increase in interest payable to induce conversion of certain convertible debt converted during the period. No definition available.
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- Definition Gain on forgiveness of PPP loans and interest. No definition available.
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- Definition Amount of Gain on sale. No definition available.
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- Definition In-person revenue is comprised of event revenue, sponsorship revenue, merchandising revenue, and other revenue. No definition available.
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- Definition Cost of in-person revenues, exclusive of depreciation and amortization. No definition available.
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- Definition Multiplatform content revenue is comprised of distribution revenue, sponsorship revenue, music royalty revenue, online advertising revenue and content revenue. No definition available.
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- Definition The amount of multiplatform content. No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of tax expense (benefit), after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to noncontrolling interests. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of tax expense (benefit) allocated to other comprehensive income (loss) attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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- References No definition available.
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