Description of Business, Organization and Principles of Consolidation

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description of Business, Organization and Principles of Consolidation

Note 1. Description of Business, Organization and Principles of Consolidation

Description of Business

On September 26, 2019, the Company changed its name from One Horizon Group, Inc. to Touchpoint Group Holdings, Inc. (the "Company"). The Company has the following businesses:

(i) Touchpoint Connect Limited ("Touchpoint") – a newly formed wholly owned subsidiary that offers a white label product which is a fan engagement platform designed to enhance the fan experience and drive commercial aspects of the sport and entertainment business.

(ii)	The Company is in negotiations to sell its interests in Love Media House, Inc. ("Love Media House") and as such, it is considered to be discontinued operations. See Note 3 for more information.
(iii)	The Company signed agreements in February 2020 completing the sale of its interest in Browning Productions & Entertainment, Inc. ("Browning") and its results for 2019 are treated as discontinued operations. See Note 3 for more information.
(iv)	123 Wish, Inc. is considered dormant. All operations have been moved to Touchpoint.

The Company is based in the United States of America, Hong Kong, China and the United Kingdom.

Current Structure of the Company

The Company has the following subsidiaries: 

Subsidiary name	% Owned
● 123Wish, Inc. (considered dormant)		51	%
● One Horizon Hong Kong Ltd		100	%
● Horizon Network Technology Co. Ltd		100	%
● Love Media House, Inc. (discontinued operations)		100	%
● Touchpoint Connect Limited (formed in September 2019)		100	%
● Browning Productions & Entertainment, Inc. (discontinued operations and disposed of in February 2020)		51	%

In addition to the subsidiaries listed above, Suzhou Aishuo Network Information Co., Ltd ("Suzhou Aishuo") is a limited liability company organized in China and controlled by the Company via various contractual arrangements. Suzhou Aishuo is treated as one of our subsidiaries for financial reporting purposes in accordance with GAAP.

All significant intercompany balances and transactions have been eliminated in consolidation.