| Accrued Expenses and Other Current Liabilities |
Note 3 – Accrued Expenses and Other
Current Liabilities
Accrued expenses and other current liabilities
consist of the following:
| |
|
March 31, |
|
|
December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Compensation expense |
|
$ |
2,411,357 |
|
|
$ |
2,202,621 |
|
| Current portion of deferred rent |
|
|
160,993 |
|
|
|
198,504 |
|
| Event costs |
|
|
465,051 |
|
|
|
8,874 |
|
| Legal and professional fees |
|
|
406,027 |
|
|
|
368,691 |
|
| Warrant liabilities |
|
|
4,500 |
|
|
|
3,200 |
|
| Other accrued expenses |
|
|
145,732 |
|
|
|
172,858 |
|
| Other current liabilities |
|
|
30,671 |
|
|
|
11,497 |
|
| Total |
|
$ |
3,624,331 |
|
|
$ |
2,966,245 |
|
| Less: non current portion of accrued compensation expense |
|
|
(208,333 |
) |
|
|
- |
|
| Accrued expenses and other current liabilities |
|
$ |
3,415,998 |
|
|
$ |
2,966,245 |
|
| |
|
|
|
|
|
|
|
|
| Accrued expenses, related party(1) |
|
$ |
1,800,000 |
|
|
$ |
1,800,000 |
|
| (1) | | Represents amounts accrued to reimburse a principal shareholder for costs incurred in connection with specified Company transactions, including $1,300,000 incurred in connection with the sale of WPT. |
|