9. Investments in Allied Esports Entertainment, Inc.	12 Months Ended
Dec. 31, 2019
Investments, All Other Investments [Abstract]
Investments in Allied Esports Entertainment, Inc.	Note 9 – Investment in Allied Esports Entertainment, Inc. Following the close of BRAC’s merger, the Company retained 2,685,500 shares of AESE common stock with a value, based on the closing stock of $4.45 on the merger, of $11,950,475. As noted above, in Note 5 - Related Party Transactions, 20% or 537,100, of the shares are committed to be released to employees one year from the date of the merger, or on August 19, 2020. Therefore, the Company recorded compensation expense and recorded a deferred compensation liability of $1,396,460 to recognize the commitment to employees. As of December 31, 2019, the market value of the Company’s investment in AESE’s common stock was $6,982,300, based on the closing stock price of $2.60 per share. Thus, we recorded an unrealized loss of $4,968,175, as part of other comprehensive income, and adjusted the compensation expense and deferred compensation expense to $1,396,460 to reflect the change in the market value of the stock committed to employees and directors. The balance in deferred compensation will be adjusted quarterly to reflect changes in the market value of the AESE common stock committed to them.

9. Investments in Allied Esports Entertainment, Inc.

12 Months Ended

Dec. 31, 2019

Investments, All Other Investments [Abstract]

Investments in Allied Esports Entertainment, Inc.

Note 9 – Investment in Allied Esports Entertainment, Inc.

Following the close of BRAC’s merger, the Company retained 2,685,500 shares of AESE common stock with a value, based on the closing stock of $4.45 on the merger, of $11,950,475. As noted above, in Note 5 - Related Party Transactions, 20% or 537,100, of the shares are committed to be released to employees one year from the date of the merger, or on August 19, 2020. Therefore, the Company recorded compensation expense and recorded a deferred compensation liability of $1,396,460 to recognize the commitment to employees.

As of December 31, 2019, the market value of the Company’s investment in AESE’s common stock was $6,982,300, based on the closing stock price of $2.60 per share. Thus, we recorded an unrealized loss of $4,968,175, as part of other comprehensive income, and adjusted the compensation expense and deferred compensation expense to $1,396,460 to reflect the change in the market value of the stock committed to employees and directors. The balance in deferred compensation will be adjusted quarterly to reflect changes in the market value of the AESE common stock committed to them.