Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Purchased Identifiable Intangible Assets (Tables)

v3.10.0.1
Goodwill and Purchased Identifiable Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill [Table Text Block]
The change in the carrying amount of goodwill for the six months ended June 30, 2018 is as follows:
 
Balance as of December 31, 2017
 
$
1,522,605
 
Impairment – goodwill
 
 
(1,522,605)
 
Balance as of June 30, 2018
 
$
—
 
Schedule of Finite-Lived Intangible Assets [Table Text Block]
The change in the carrying amounts of intangible assets for the six months ended June 30, 2018 is as follows:
 
Balance as of December 31, 2017
 
$
472,250
 
Amortization
 
 
58,667
 
Impairment – intangibles
 
 
413,583
 
Balance as of June 30, 2018
 
$
—
 
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
Identified intangible assets consist of the following:
 
 
 
 
 
June 30, 2018
 
December 31, 2017
 
Intangible assets
 
Useful Life
 
Gross
Assets
 
Accumulated
Amortization
 
Net
 
Gross
Assets
 
Accumulated
Amortization
 
Net
 
Ticketing software
 
3 years
 
$
90,000
 
$
(52,500)
 
$
37,500
 
$
90,000
 
$
(37,500)
 
$
52,500
 
Trademark and brand
 
3 years
 
 
50,000
 
 
(25,000)
 
 
25,000
 
 
50,000
 
 
(16,667)
 
 
33,333
 
Fighter contracts
 
3 years
 
 
140,000
 
 
(21,000)
 
 
119,000
 
 
140,000
 
 
(14,000)
 
 
126,000
 
Promoter relationships
 
6 years
 
 
277,099
 
 
(57,516)
 
 
219,583
 
 
277,099
 
 
(31,682)
 
 
245,417
 
Sponsor relationships
 
4 years
 
 
20,000
 
 
(7,500)
 
 
12,500
 
 
20,000
 
 
(5,000)
 
 
15,000
 
Total intangible assets, gross
 
 
 
$
577,099
 
$
(163,516)
 
$
413,583
 
$
577,099
 
$
(104,849)
 
$
472,250