XML 52 R40.htm IDEA: XBRL DOCUMENT v3.21.2
Related Party Transactions (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended
Aug. 01, 2020
Jul. 20, 2020
Jun. 30, 2020
Jun. 05, 2020
Oct. 01, 2019
Dec. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Oct. 01, 2020
Mr. Hall [Member]                  
Related Party Transaction [Line Items]                  
Consulting fee               $ 250,000  
Alexander Fletcherl [Member]                  
Related Party Transaction [Line Items]                  
Consulting fee               200,000  
Consulting fee receive               120,000  
Sport-BLX, Inc. [Member] | Mr. Hall [Member]                  
Related Party Transaction [Line Items]                  
Payments for rent           $ 40,000      
Sport-BLX, Inc. [Member] | Unsecured Demand Note - 4 [Member]                  
Related Party Transaction [Line Items]                  
Principal amount     $ 150,000            
Interest rate     8.00%            
Maturity date     Jul. 01, 2021            
Debt maturity, description     Matures upon the earlier to occur of (a) demand by CSO, or (b) July 1, 2021.            
Borrowed secured amount             $ 150,000    
Sport-BLX, Inc. [Member] | Unsecured Demand Note - 5 [Member]                  
Related Party Transaction [Line Items]                  
Principal amount     $ 40,000            
Interest rate     8.00%            
Maturity date     Jul. 01, 2021            
Debt maturity, description     Matures upon the earlier to occur of (a) demand by Mr. De Perio, or (b) July 1, 2021.            
Borrowed secured amount             $ 40,000    
Orix [Member] | Promissory Notes [Member] | Adara Enterprises Inc [Member]                  
Related Party Transaction [Line Items]                  
Principal amount         $ 13,000,000        
Sale of stock, total consideration         $ 17,562,700        
Stock percentage         20.10%        
GEH Sport LLC [Member] | Adara Enterprises Inc [Member]                  
Related Party Transaction [Line Items]                  
Interest rate                 100.00%
Sports & Entertainment Fund L P [Member] | Promissory Notes [Member]                  
Related Party Transaction [Line Items]                  
Commodities operator registration cash                 $ 1,790,000
SportBLX Thoroughbreds Corp [Member] | Series B Common Stock [Member]                  
Related Party Transaction [Line Items]                  
Share issued             6    
Common stock voting rights             100% of the voting shares    
Subscription Agreement [Member]                  
Related Party Transaction [Line Items]                  
Subscription fee description       As consideration for the Securities Subscription, SportBLX received a one-time upfront subscription fee of $150,000 and will receive a monthly subscription fee of $100,000 during the first year of the contract. The fee increases to $137,500, monthly, for the remaining year of the initial term. Thereafter, upon renewal, SportBLX may increase the fee by an amount not to exceed five percent of the previous year's fee. The agreement also provides fees of $75,000 for each new tradable asset listed by the customer on the Platform. The Securities Subscription is effective for a two year term and automatically renews for consecutive one-year renewal terms unless either party provides notice to the other party of its intention not to renew prior to the end of the initial or renewal term. Either party may terminate the agreement for convenience upon 30 days' notice to the other party.          
Upfront subscription fee       $ 150,000          
Monthly subscription fee       100,000          
Subscription fee increases       137,500          
Subscription agreement provides fees       $ 75,000          
Subscription Agreement [Member] | Mr. Hall [Member]                  
Related Party Transaction [Line Items]                  
Ownership percentage       65.50%          
Subscription Agreement [Member] | Mr. De Perio [Member]                  
Related Party Transaction [Line Items]                  
Ownership percentage       28.10%          
Software Assignment Agreement [Member] | AEC Purchased From GEH Capital LLC [Member]                  
Related Party Transaction [Line Items]                  
Quantitative trading software   $ 1,750,000              
Management Services Agreement [Member] | Sport BLX [Member]                  
Related Party Transaction [Line Items]                  
Consulting fee $ 15,000                
Services Agreement and Management Services Agreement [Member]                  
Related Party Transaction [Line Items]                  
Expenses from transactions with related party             $ 2,400,000    
Services Agreement and Management Services Agreement [Member] | Selling, General and Administrative Expenses [Member]                  
Related Party Transaction [Line Items]                  
Expenses from transactions with related party             $ 0 $ 312,500