Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Details 5)

v3.5.0.2
Acquisitions (Details 5) - USD ($)
 3 Months Ended 8 Months Ended 9 Months Ended 11 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Business Acquisition [Line Items]            
Gross profit $ 0 $ 0 $ 0 $ 0    
Operating expenses            
General and administrative expenses 357,826 19,984 25,460 399,356    
Professional and consulting fees 237,585 56,500 183,000 419,996    
Total operating expenses 595,411 76,484 208,460 819,352    
Net income (loss) (595,411) (76,484) $ (208,460) (819,352) $ 208,460 $ (386,456)
Pro Forma [Member]            
Business Acquisition [Line Items]            
Revenue       1,559,000    
Cost of revenues       1,016,000    
Gross profit       543,000    
Operating expenses            
General and administrative expenses       684,000    
Professional and consulting fees       161,000    
Depreciation       28,000    
Amortization       1,127,000    
Total operating expenses       2,000,000    
Net income (loss)       $ (1,457,000)    
Weighted average common shares outstanding       8,888,978    
Net loss per common share       $ 0.18    
Target Companies [Member]            
Business Acquisition [Line Items]            
Revenue       $ 1,559,000    
Cost of revenues       1,016,000    
Gross profit       543,000    
Operating expenses            
General and administrative expenses       285,000    
Professional and consulting fees       52,000    
Depreciation       28,000    
Amortization       0    
Total operating expenses       365,000    
Net income (loss)       178,000    
Shogun [Member] | Target Companies [Member]            
Business Acquisition [Line Items]            
Revenue       302,000    
Cost of revenues       204,000    
Gross profit       98,000    
Operating expenses            
General and administrative expenses       16,000    
Professional and consulting fees       8,000    
Depreciation       0    
Amortization       0    
Total operating expenses       24,000    
Net income (loss)       74,000    
Cagetix LLC [Member]            
Operating expenses            
Total operating expenses 4,377 9,899   21,748 14,677  
Net income (loss) 43,806 9,104   83,863 39,999  
Cagetix LLC [Member] | Target Companies [Member]            
Business Acquisition [Line Items]            
Revenue       106,000    
Cost of revenues       0    
Gross profit       106,000    
Operating expenses            
General and administrative expenses       22,000    
Professional and consulting fees       0    
Depreciation       0    
Amortization       0    
Total operating expenses       22,000    
Net income (loss)       84,000    
CFFC Promotions, LLC [Member]            
Business Acquisition [Line Items]            
Gross profit 12,641 63,808   95,205 198,440  
Operating expenses            
General and administrative expenses 18,054 14,219   65,265 70,758  
Professional and consulting fees 0 13,500   7,500 13,500  
Depreciation 453 1,338   1,359 2,678  
Total operating expenses 18,507 29,057   74,124 86,936  
Net income (loss) (5,866) 34,751   21,081 111,504  
CFFC Promotions, LLC [Member] | Target Companies [Member]            
Business Acquisition [Line Items]            
Revenue       432,000    
Cost of revenues       337,000    
Gross profit       95,000    
Operating expenses            
General and administrative expenses       65,000    
Professional and consulting fees       8,000    
Depreciation       1,000    
Amortization       0    
Total operating expenses       74,000    
Net income (loss)       21,000    
Go Fight Net, Inc [Member]            
Business Acquisition [Line Items]            
Gross profit (2,787) 21,186   109,016 159,681  
Operating expenses            
General and administrative expenses 39,632 41,737   124,631 124,879  
Professional and consulting fees 0 5,245   10,180 9,580  
Depreciation 6,936 9,122   20,808 27,366  
Total operating expenses 46,568 56,104   155,619 161,825  
Net income (loss) (49,355) (34,918)   (46,603) (2,144)  
Go Fight Net, Inc [Member] | Target Companies [Member]            
Business Acquisition [Line Items]            
Revenue       340,000    
Cost of revenues       231,000    
Gross profit       109,000    
Operating expenses            
General and administrative expenses       125,000    
Professional and consulting fees       10,000    
Depreciation       21,000    
Amortization       0    
Total operating expenses       156,000    
Net income (loss)       (47,000)    
Hoosier Fight Club Promotions, LLC [Member] | Target Companies [Member]            
Business Acquisition [Line Items]            
Revenue       193,000    
Cost of revenues       133,000    
Gross profit       60,000    
Operating expenses            
General and administrative expenses       13,000    
Professional and consulting fees       8,000    
Depreciation       0    
Amortization       0    
Total operating expenses       21,000    
Net income (loss)       39,000    
Combat Games MMA [Member] | Target Companies [Member]            
Business Acquisition [Line Items]            
Revenue       90,000    
Cost of revenues       50,000    
Gross profit       40,000    
Operating expenses            
General and administrative expenses       27,000    
Professional and consulting fees       9,000    
Depreciation       6,000    
Amortization       0    
Total operating expenses       42,000    
Net income (loss)       (2,000)    
V3 Fights [Member]            
Business Acquisition [Line Items]            
Gross profit 9,800 7,110   35,230 21,602  
Operating expenses            
General and administrative expenses 5,092 7,711   18,015 28,439  
Professional and consulting fees 390 8,280   9,540 9,750  
Total operating expenses 5,482 15,991   27,555 38,189  
Net income (loss) $ 4,318 $ (8,881)   7,675 $ (16,587)  
V3 Fights [Member] | Target Companies [Member]            
Business Acquisition [Line Items]            
Revenue       97,000    
Cost of revenues       62,000    
Gross profit       35,000    
Operating expenses            
General and administrative expenses       18,000    
Professional and consulting fees       10,000    
Depreciation       0    
Amortization       0    
Total operating expenses       28,000    
Net income (loss)       7,000    
Alliance MMA [Member]            
Business Acquisition [Line Items]            
Revenue       0    
Cost of revenues       0    
Gross profit       0    
Operating expenses            
General and administrative expenses       399,000    
Professional and consulting fees       420,000    
Depreciation       0    
Amortization       0    
Total operating expenses       819,000    
Net income (loss)       (819,000)    
Total Results [Member]            
Business Acquisition [Line Items]            
Revenue       1,559,000    
Cost of revenues       1,016,000    
Gross profit       543,000    
Operating expenses            
General and administrative expenses       684,000    
Professional and consulting fees       472,000    
Depreciation       28,000    
Amortization       0    
Total operating expenses       1,184,000    
Net income (loss)       (641,000)    
Pro Forma Adjusting Entries [Member]            
Business Acquisition [Line Items]            
Revenue       0    
Cost of revenues       0    
Operating expenses            
General and administrative expenses       0    
Professional and consulting fees [1]       (311,000)    
Depreciation       0    
Amortization [2]       1,127,000    
Total operating expenses       975,000    
Net income (loss)       $ (975,000)    
[1] Professional fees. The Target Companies incurred approximately $311,000 of professional fees directly related to the acquisition of prospective targets. These costs will be non-recurring and have been adjusted from the pro forma results.
[2] Amortization of intangible assets. Intangible assets are amortized over their estimated useful lives. The estimated useful lives of acquired intangible assets are based upon the economic benefit expected to be received and the period during which we expect to receive that benefit. A useful life of five years has been assigned to the intellectual property rights of acquired video libraries and three years to the acquired ticketing software and customer and venue relationships based on a number of factors, including contractual agreements, estimated production hours available on video libraries and economic factors pertaining to the combined companies.