Significant and Critical Accounting Policies and Practices (Tables)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Schedule of Consolidated Interest in Controlling Entities

The consolidated financial statements include all accounts of the entities as of the reporting period ending date(s) and for the reporting period(s) as follows:

Name of consolidated subsidiary or entity	State or other jurisdiction of incorporation or organization	Date of incorporation or formation (date of acquisition, if applicable)	Attributable interest
KTC Corp.	The State of Nevada, U.S.A.	September 20, 2010		100	%
Kicking the Can L.L.C.	The State of Delaware, U.S.A.	April 17, 2009		100	%
Wizard Conventions, Inc.	The State of New York, U.S.A.	February 28, 1997		100	%
Wizard World Digital, Inc.	The State of Nevada, U.S.A.	March 18, 2011		100	%

Financial Liabilities - Derivative Conversion Features and Warrant Liabilities

Financial assets and liabilities measured at fair value on a recurring basis are summarized below and disclosed on the consolidated balance sheets as December 31, 2013:

			Fair Value Measurement Using
	Carrying Value		Level 1		Level 2		Level 3		Total
Derivative conversion features and warrant liabilities	$	-	$	-	$	-	$	-	$	-

Financial assets and liabilities measured at fair value on a recurring basis are summarized below and disclosed on the consolidated balance sheets as of December 31, 2012:

			Fair Value Measurement Using
	Carrying Value		Level 1		Level 2		Level 3		Total
Derivative conversion features and warrant liabilities	$	4,784,035	$	-	$	-	$	4,784,035	$	4,784,035

Schedule of Fair Value of Assets and Liabilities Measured at Recurring Basis Using Significant Unobservable Inputs

The table below provides a summary of the changes in fair value, including net transfers in and/or out, of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the year ended December 31, 2013:

	Fair Value Measurement Using Level 3 Inputs
	Derivative Liabilities			Total
Balance, December 31, 2012	$	4,784,035		$	4,784,035
Total (gains) or losses (realized/unrealized) included in consolidated statements of operations		3,970,952			3,970,952
Purchases, issuances and settlements		-			-
Transfers in and/or out of Level 3		(8,754,987	)		(8,754,987	)
Balance, December 31, 2013	$	-		$	-

The table below provides a summary of the changes in fair value, including net transfers in and/or out, of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the year ended December 31, 2012:

	Fair Value Measurement Using Level 3 Inputs
	Derivative Liabilities			Total
Balance, December 31, 2011	$	1,946,669		$	1,946,669
Total gains or losses (realized/unrealized) included in net loss		1,012,274			1,012,274
Purchases, issuances and settlements		1,849,936			1,849,936
Transfers in and/or out of Level 3		(24,844	)		(24,844	)
Balance, December 31, 2012	$	4,784,035		$	4,784,035

Schedule of Estimated Useful Life

Depreciation is computed by the straight-line method (after taking into account their respective estimated residual values) over the estimated useful lives of the respective assets as follows:

	Estimated Useful Life (Years)
Computer equipment	3
Equipment	5
Furniture and fixture	7
Leasehold improvement	*

(*) Amortized on a straight-line basis over the term of the lease or the estimated useful lives, whichever is shorter.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table shows the potentially outstanding dilutive common shares excluded from the diluted net income (loss) per share calculation as they were anti-dilutive:

	Potentially Outstanding Dilutive Common Shares
	For the Year Ended December 31, 2013		For the Year Ended December 31, 2012
Convertible preferred stock		-		9,775,268
Stock options		4,462,500		3,350,000
Stock purchase warrants		-		7,987,274
Total potentially outstanding dilutive common shares		4,462,500		21,112,542