XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total Revenues $ 1,565,642 $ 1,685,828 $ 5,135,530 $ 3,011,465
Costs and Expenses:        
In-person (exclusive of depreciation and amortization) 1,112,645 1,249,640 4,002,312 2,442,750
Multiplatform content (exclusive of depreciation and amortization) 31,010 87,373 95,507 214,258
Selling and marketing expenses 54,445 87,755 185,614 216,428
General and administrative expenses 2,397,901 3,385,418 8,470,193 9,659,425
Depreciation and amortization (328,739) 806,137 1,288,106 2,495,939
Impairment of digital assets 164,411
Total Costs and Expenses 3,267,262 5,616,323 14,206,143 15,028,800
Loss From Operations (1,701,620) (3,930,495) (9,070,613) (12,017,335)
Other Income (Expense):        
Gain on forgiveness of PPP loans and interest 912,475 912,475
Other income (expense), net 34,073 54,434 (45,859) 69,413
Interest income (expense), net 25,316 (11,809) 34,093 (269,411)
Total Other Expense 59,389 955,100 (11,766) 712,477
Loss from continuing operations (1,642,231) (2,975,395) (9,082,379) (11,304,858)
(Loss) income from discontinued operations, net of tax provision:        
Loss from discontinued operations before the sale of WPT (3,151,740) (1,099,033)
Gain on sale of WPT 80,429,729 80,429,729
Income from discontinued operations 77,277,989 79,330,696
Net (loss) income $ (1,642,231) $ 74,302,594 $ (9,082,379) $ 68,025,838
Basic and Diluted Net (Loss) Income per Common Share        
Continuing operations (in Dollars per share) $ (0.04) $ (0.08) $ (0.23) $ (0.29)
Discontinued operations, net of tax (in Dollars per share) $ 1.98 $ 2.03
Weighted Average Number of Common Shares Outstanding:        
Basic and Diluted (in Shares) 39,094,696 39,056,403 39,092,133 38,989,671
Comprehensive Loss        
Net (Loss) Income $ (1,642,231) $ 74,302,594 $ (9,082,379) $ 68,025,838
Other comprehensive (loss) income:        
Foreign currency translation adjustments (31,747) (22,031) (90,378) 35,889
Total Comprehensive Loss (1,673,978) 74,280,563 (9,172,757) 68,061,727
In-person [Member]        
Revenues:        
Total Revenues 1,551,963 1,455,867 4,884,400 2,627,781
Multiplatform content [Member]        
Revenues:        
Total Revenues $ 13,679 $ 229,961 $ 251,130 $ 383,684