Significant Accounting Policies (Tables)
|
3 Months Ended |
Mar. 31, 2022 |
Significant Accounting Policies (Tables) [Line Items] |
|
Schedule of roll forward of the company’s level 3 instruments |
Balance, January 1, 2022 |
|
$ |
3,200 |
|
Change in fair value of sponsor warrants |
|
|
1,300 |
|
Balance, March 31, 2022 |
|
$ |
4,500 |
|
|
Schedule of key inputs into the black-scholes model at the relevant measurement dates |
|
|
March 31, |
|
|
December 31, |
|
Input |
|
2022 |
|
|
2021 |
|
Risk-free rate |
|
|
2.44 |
% |
|
|
0.97 |
% |
Remaining term in years |
|
|
2.36 |
|
|
|
2.61 |
|
Expected volatility |
|
|
51.0 |
% |
|
|
46.0 |
% |
Exercise price |
|
$ |
11.50 |
|
|
$ |
11.50 |
|
Fair value of common stock |
|
$ |
1.73 |
|
|
$ |
1.81 |
|
|
Schedule of basic and diluted net loss per common share |
|
|
For the Three Months Ended |
|
|
|
March 31, |
|
|
|
2022 |
|
|
2021 |
|
Numerator: |
|
|
|
|
|
|
Net loss - continuing operations |
|
$ |
(3,751,197 |
) |
|
$ |
(4,973,718 |
) |
Net income - discontinued operations |
|
$ |
- |
|
|
$ |
1,637,042 |
|
|
|
|
|
|
|
|
|
|
Denominator: |
|
|
|
|
|
|
|
|
Weighted-average common shares outstanding |
|
|
39,116,907 |
|
|
|
39,162,811 |
|
Less: weighted-averages unvested restricted shares |
|
|
(52,444 |
) |
|
|
(199,143 |
) |
Denominator for basic and diluted net loss per share |
|
$ |
39,064,463 |
|
|
$ |
38,963,668 |
|
|
|
|
|
|
|
|
|
|
Basic and Diluted Net (Loss) Income per Common Share |
|
|
|
|
|
|
|
|
Continuing operations |
|
$ |
(0.10 |
) |
|
$ |
(0.13 |
) |
Discontinued operations, net of tax |
|
$ |
- |
|
|
$ |
0.04 |
|
|
Schedule of weighted average dilutive common shares |
|
|
For the Three Months Ended |
|
|
|
March 31, |
|
|
|
2022 |
|
|
2021 |
|
Restricted common shares |
|
|
- |
|
|
|
199,143 |
|
Options |
|
|
2,415,000 |
|
|
|
2,430,000 |
|
Warrants |
|
|
20,091,549 |
|
|
|
20,091,549 |
|
Convertible debt |
|
|
- |
|
|
|
235,294 |
|
Equity purchase options |
|
|
600,000 |
|
|
|
600,000 |
|
Contingent consideration shares (1) |
|
|
192,308 |
|
|
|
269,231 |
|
|
|
|
23,298,857 |
|
|
|
23,825,217 |
|
|
Schedule of multiplatform revenue |
|
|
For the Three Months Ended |
|
|
|
March 31, |
|
|
|
2022 |
|
|
2021 |
|
NFT revenue |
|
$ |
208,758 |
|
|
$ |
- |
|
Distribution revenue |
|
|
230 |
|
|
|
- |
|
Total multiplatform revenue |
|
$ |
208,988 |
|
|
$ |
- |
|
|
Schedule of changes in Ether holdings |
Balance, December 31, 2021 |
|
$ |
- |
|
Purchases |
|
|
36,746 |
|
Received from customers |
|
|
177,946 |
|
Impairment loss |
|
|
- |
|
Foreign currency translation |
|
|
4,093 |
|
Balance, March 31, 2022 |
|
$ |
218,785 |
|
|
In-person [Member] |
|
Significant Accounting Policies (Tables) [Line Items] |
|
Schedule of revenue recognition |
|
|
For the Three Months Ended |
|
|
|
March 31, |
|
|
|
2022 |
|
|
2021 |
|
Event revenue |
|
$ |
536,597 |
|
|
$ |
110,441 |
|
Sponsorship revenue |
|
|
1,326,250 |
|
|
|
244,294 |
|
Food and beverage revenue |
|
|
201,318 |
|
|
|
70,704 |
|
Ticket and gaming revenue |
|
|
117,779 |
|
|
|
68,644 |
|
Merchandising revenue |
|
|
21,122 |
|
|
|
6,945 |
|
Total in-person revenue |
|
$ |
2,203,066 |
|
|
$ |
501,028 |
|
|
Adjustment under 606 [Member] |
|
Significant Accounting Policies (Tables) [Line Items] |
|
Schedule of revenue recognition |
|
|
For the Three Months Ended |
|
|
|
March 31, |
|
|
|
2022 |
|
|
2021 |
|
|
|
|
|
|
|
|
Revenues Recognized at a Point in Time: |
|
|
|
|
|
|
Event revenue |
|
$ |
536,597 |
|
|
$ |
110,441 |
|
NFT revenue |
|
|
208,758 |
|
|
|
- |
|
Food and beverage revenue |
|
|
201,318 |
|
|
|
70,704 |
|
Ticket and gaming revenue |
|
|
117,779 |
|
|
|
68,644 |
|
Merchandising revenue |
|
|
21,122 |
|
|
|
6,945 |
|
Sponsorship revenue |
|
|
- |
|
|
|
2,502 |
|
Distribution revenue |
|
|
230 |
|
|
|
- |
|
Total Revenues Recognized at a Point in Time |
|
|
1,085,804 |
|
|
|
259,236 |
|
|
|
|
|
|
|
|
|
|
Revenues Recognized Over a Period of Time: |
|
|
|
|
|
|
|
|
Sponsorship revenue |
|
|
1,326,250 |
|
|
|
241,792 |
|
Total Revenues Recognized Over a Period of Time |
|
|
1,326,250 |
|
|
|
241,792 |
|
Total Revenues |
|
$ |
2,412,054 |
|
|
$ |
501,028 |
|
|