XML 73 R61.htm IDEA: XBRL DOCUMENT v3.22.1
Related Party Transactions (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended
Jul. 31, 2021
Aug. 01, 2020
Jul. 20, 2020
Jun. 30, 2020
Jun. 05, 2020
Oct. 01, 2019
Dec. 31, 2021
Jul. 31, 2021
Dec. 31, 2020
Jul. 31, 2020
Sep. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 30, 2021
Dec. 24, 2021
Dec. 21, 2021
Jul. 01, 2020
Repayments of related party debt                       $ 100,000        
Debt interest bear percentage 5.00%             5.00%                  
Consulting fee amount                       120,000          
Obligation paid               $ 5,455,782     $ 17,600,000            
Obligations $ 12,116,718           $ 3,600,000 12,116,718 $ 29,400,000     3,600,000 29,400,000        
Debt instrument, maturity date Dec. 12, 2022                                
Advances amount                       400,000        
Fintech Debt Corp [Member]                                  
Business combination, consideration transferred $ 4,176,102.11                                
Mr. Hall [Member]                                  
Debt interest bear percentage             100.00%         100.00%          
Consulting fee amount                       $ 250,000          
Obligation paid 2,354,736                                
Obligations 12,116,718             12,116,718                  
Alexander Fletcherl [Member]                                  
Consulting fee amount                       200,000          
Joseph A. De Perio [Member]                                  
Obligation paid 1,060,264                                
Obligations 5,455,782             $ 5,455,782                  
Joseph A. De Perio and George E. Hall [Member]                                  
Business combination, consideration transferred $ 400,000                                
Board of Directors Chairman [Member]                                  
Compensation services amount                       425,000 655,000        
Sport-BLX, Inc. [Member]                                  
Payments for rent             $ 25,000                    
Sport-BLX, Inc. [Member] | Hall [Member]                                  
Payments for rent                 $ 40,000                
Sport-BLX, Inc. [Member] | Unsecured Demand Note - 4 [Member]                                  
Principal amount       $ 150,000                          
Debt interest bear percentage       8.00%                          
Sport-BLX, Inc. [Member] | Demand Note 5 [Member] | Mr De Perio [Member]                                  
Principal amount       $ 40,000                          
Debt interest bear percentage       8.00%                          
Sport-BLX, Inc. [Member] | Demand Note 6 [Member]                                  
Principal amount       $ 213,793     213,793         213,793          
Debt interest bear percentage       8.00%                          
Orix [Member] | Promissory Notes [Member] | Adara Enterprises Inc [Member]                                  
Principal amount           $ 13,000,000                      
Sale of stock, total consideration           $ 17,562,700                      
Stock percentage           20.10%                      
GEH Sport LLC [Member] | Mr. Hall [Member]                                  
Interest rate                                 $ 1.00
Sports Entertainment Fund LP [Member] | Promissory Notes [Member]                                  
Commodities operator registration cash                   $ 1,790,000              
Sport BLX [Member]                                  
Sale of proprietary securities                               $ 225,000  
Repurchase of securities                             $ 1,500,000    
Sport BLX [Member] | Mr. Hall [Member]                                  
Repayments of related party debt                       82,000          
Advances amount                       132,000          
Fintech Debt Corp [Member]                                  
Sale of proprietary securities                           $ 137,038      
Repurchase of debt securities                             $ 126,000    
Services Agreement and Management Services Agreement [Member]                                  
Repayments of related party debt                       2,400,000          
Services Agreement and Management Services Agreement [Member] | Selling, General and Administrative Expenses [Member]                                  
Expenses from transactions with related party                       0 $ 312,500        
Subscription Agreement [Member]                                  
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]                                  
Ownership percentage         65.50%                        
Subscription Agreement [Member] | Mr De Perio [Member]                                  
Ownership percentage         28.10%                        
Sport BLX Borrowed [Member]                                  
Disposition interest                       137,038          
Sport BLX Borrowed [Member] | Demand Note 4 [Member]                                  
Principal amount             150,000         150,000          
Sport BLX Borrowed [Member] | Mr De Perio [Member] | Demand Note 5 [Member]                                  
Principal amount       $ 40,000                          
Debt interest bear percentage       8.00%                          
Debt instrument, maturity date       Jul. 01, 2021                          
Sport BLX Borrowed Demand [Member] | Demand Note 5 [Member]                                  
Principal amount             $ 40,000         $ 40,000          
Software Assignment Agreement [Member] | GEH Capital LLC [Member]                                  
Quantitative trading software     $ 1,750,000                            
Management Services Agreement [Member] | Sport BLX [Member]                                  
Acquisition related costs   $ 15,000