Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Schedule Of Property, Plant and Equipment Estimated Useful Life [Table Text Block]
Property and equipment are recorded at cost, less accumulated depreciation. Depreciation is calculated using the straight-line method over the related assets’ estimated useful lives:
 
Promotion equipment
2 to 3 years
Production equipment
2 to 3 years
Equipment, furniture and other      
2 to 3 years
Leasehold improvements          
lesser of related lease term or 5 years
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following table sets forth the Company’s segment revenue, operating expenses and operating (loss) for the year ended December 31, 2017.
 
Year Ended December 31, 2017
 
Promotion
 
Ticket Service
 
Athlete Management
 
Corporate
 
Total
 
Revenue
 
$
3,026,148
 
$
221,183
 
$
934,043
 
$
36,330
 
$
4,217,704
 
Operating expenses
 
 
8,854,001
 
 
333,584
 
 
1,041,002
 
 
5,262,716
 
 
15,491,303
 
Operating loss
 
$
(5,827,853)
 
$
(112,401)
 
$
(106,959)
 
$
(5,226,386)
 
$
(11,273,599)