Subsequent Events

6 Months Ended

Jun. 30, 2017

Subsequent Events [Abstract]

Subsequent Events

Note 9

Subsequent Events

In June 2017, we entered into a game revenue sharing agreement to provide the use of several simulated shooting lounges at another entertainment company’s location. In July 2017, the simulated shooting lounges were placed into operation. Related revenues will be recorded in the period in which they are earned under Amusement and Other Revenue on the Consolidated Statements of Operations.

In July 2017, we entered into an Equipment Lease (the “Equipment Lease”) through our wholly owned subsidiary, Modern Round, Inc., with related parties, (i) Black Powder Management, L.L.C., and (ii) BK Entertainment LLC, each, a Lessor and collectively, Lessors. Pursuant to the Equipment Lease, we lease from the Lessors $39,500 in equipment related to the game revenue sharing agreement noted above. We lease such equipment for monthly payments of $1,408 over a 36-month term.