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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues    
Sponsorships, net of activation costs $ 6,023,863 $ 6,424,201
Rents and cost recoveries 305,302 474,020
Event and other revenues 681,408 38,750
Hotel revenues 3,759,811 162,183
Total revenues 10,770,384 7,099,154
Operating expenses    
Property operating expenses 27,780,351 26,631,821
Hotel operating expenses 4,408,691 419,595
Commission expense 1,020,774 1,671,964
Impairment expense 1,748,448  
Depreciation expense 12,199,148 11,085,230
Total operating expenses 47,157,412 39,808,610
Loss from operations (36,387,028) (32,709,456)
Other income (expense)    
Interest expense, net (3,580,840) (5,718,473)
Amortization of discount on note payable (5,160,242) (10,570,974)
Change in fair value of warrant liability (48,075,943) 26,733,116
Business combination costs   (19,137,165)
Gain (loss) on extinguishment of debt 390,400 (4,282,220)
Total other expense (56,426,625) (12,975,716)
Net loss (92,813,653) (45,685,172)
Series B preferred stock dividends (697,575)
Loss attributable to non-controlling interest 400,260 196,506
Net loss attributable to HOFRE stockholders $ (93,110,968) $ (45,488,666)
Net loss per share, basic and diluted (in Dollars per share) $ (1.03) $ (1.71)
Weighted average shares outstanding, basic and diluted (in Shares) 90,295,878 26,644,449