Related-Party Transactions

9 Months Ended

Sep. 30, 2022

Related Party Transactions [Abstract]

Related-Party Transactions

Related-Party Transactions

Subsequent to the Company's acquisition of certain assets of Fair Share Gaming, LLC (“Fair Share”), G3 Gaming, LLC (“G3”), Tom’s Amusement Company, Inc., (“Tom's Amusements”), and American Video Gaming, LLC, and Erickson Amusements, Inc. (collectively referred to as “AVG”), the sellers became employees of the Company.

Consideration payable to the Fair Share seller was $1.2 million and $2.4 million as of September 30, 2022 and December 31, 2021, respectively. Payments to the Fair Share seller under the acquisition agreement were $1.5 million and $0.7 million during the nine months ended September 30, 2022 and 2021, respectively.

Consideration payable to the G3 sellers was $0.4 million as of September 30, 2022 and December 31, 2021. There were no payments to the G3 sellers under the acquisition agreement during the nine months ended September 30, 2022 and 2021.

Consideration payable to the Tom's Amusements seller was $0.1 million and $1.5 million as of September 30, 2022 and December 31, 2021, respectively. Payments to the Tom's Amusements seller under the acquisition agreement were $1.4 million during the nine months ended September 30, 2022. There were no payments to the Tom's Amusements seller during the nine months ended September 30, 2021.

Consideration payable to the AVG seller was $0.4 million as of September 30, 2022 and December 31, 2021. There were no payments to the AVG seller during the nine months ended September 30, 2022 and 2021.

The Company engaged Much Shelist, P.C. (“Much Shelist”), as its legal counsel for general legal and business matters. An attorney at Much Shelist is a related party to management of the Company. Accel paid Much Shelist $0.2 million and $0.1 million for the nine months ended September 30, 2022 and 2021, respectively. These payments were included in general and administrative expenses within the condensed consolidated statements of operations and comprehensive income.