Annual report pursuant to Section 13 and 15(d)

Business Combinations (Tables)

v3.20.1
Business Combinations (Tables)
12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Schedule of assets acquired, liabilities assumed and preliminary purchase allocation [Table Text Block]
          Fair Value  
Cash           $ 5,441,437  
Goodwill             8,366,467  
Identifiable intangible assets:                
Ticketing software     64,000          
Promoter relationships     176,000          
Total identifiable intangible assets             240,000  
Account payable             (2,282,413 )
Aggregate purchase price           $ 11,765,491  
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
        December 31, 2019  
Intangible assets   Useful life   Gross assets     Accumulated
amortization
    Net  
Ticketing software   5 years   $ 64,000     $ (11,733 )   $ 52,267  
Promoter relationships   7 years     176,000       (23,048 )     152,952  
Total intangible assets       $ 240,000     $ (34,781 )   $ 205,219  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Year ending December 31,      
2020   $ 37,943  
2021     37,943  
2022     37,943  
2023     37,943  
2024    

26,209

 
Thereafter    

27,238

 
Total   $ 205,219  
Schedule of Goodwill [Table Text Block]
    Fair Value  
December 31, 2018   $ -  
Preliminary goodwill related to the acquisition of Alliance MMA     8,466,282  
Measurement period adjustment     (99,815 )
December 31, 2019   $ 8,366,467