Formation of LiveXLive Tickets, Inc. and Acquisition of Wantickets' Assets (Tables)

3 Months Ended

Jun. 30, 2017

Formation of LiveXLive Tickets, Inc. and Acquisition of Wantickets' Assets [Abstract]

Schedule of preliminary allocation of the purchase price of the assets acquired

Asset Type	Fair Value
Fixed Assets	$	109,000
Trademark/Trade Name		431,100
Software		1,003,600
Customer Relationships		368,600
Domain Names		106,400
Goodwill		1,321,300
Purchase Price	$	3,340,000

Schedule of unaudited pro forma results of operations

	Unaudited Pro-Forma
	Three Months Ended			Three Months Ended
	June 30,			June 30,
	2017			2016
Revenue	$	386,020		$	979,000
Cost of revenue		91,891			247,000
Gross Margin		294,129			732,000
Operating expenses:
Selling, general and administrative		2,406,949			1,869,886
Related party expenses		90,000			90,000
Total operating expenses		2,496,949			1,959,886
Loss from operations		(2,202,820	)		(1,227,886	)
Other income (expense):
Interest expense, net		(634,949	)		(701,268	)
Earnings from investment in OCHL		-			83,184
Total other income (expense)		(634,949	)		(618,084	)
Net loss	$	(2,837,769	)	$	(1,845,970	)
Net loss per share – basic and diluted	$	(0.03	)	$	(0.02	)
Weighted average common shares – basic and diluted		106,584,364			92,596,918