2022 Q4 Form 10-Q Financial Statement
#000121390022072201 Filed on November 14, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
Revenue | $2.523M | $8.664M | $3.482M |
YoY Change | -16.16% | 148.83% | 107.26% |
Cost Of Revenue | $1.671M | $1.810M | $1.525M |
YoY Change | 220.87% | 18.68% | |
Gross Profit | $852.2K | $6.855M | $1.957M |
YoY Change | -65.76% | 250.22% | 16.5% |
Gross Profit Margin | 33.78% | 79.11% | 56.21% |
Selling, General & Admin | $7.812M | $13.84M | $8.934M |
YoY Change | 18.04% | 54.97% | -0.63% |
% of Gross Profit | 916.7% | 201.97% | 456.46% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $2.617M | $2.651M | $2.994M |
YoY Change | -21.0% | -11.45% | -63.49% |
% of Gross Profit | 307.07% | 38.67% | 152.95% |
Operating Expenses | $9.546M | $18.53M | $12.15M |
YoY Change | -7.32% | 52.5% | 1.77% |
Operating Profit | -$8.694M | -$9.867M | -$10.19M |
YoY Change | 11.3% | -3.21% | -0.64% |
Interest Expense | -$4.284M | $1.670M | $20.16M |
YoY Change | -124.6% | -91.71% | -650.84% |
% of Operating Profit | |||
Other Income/Expense, Net | $1.016M | -$1.093M | $20.16M |
YoY Change | -105.42% | ||
Pretax Income | -$18.19M | -$10.96M | $8.218M |
YoY Change | -289.39% | -233.36% | -124.21% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$18.51M | -$10.96M | $8.359M |
YoY Change | -290.72% | -231.11% | -124.66% |
Net Earnings / Revenue | -733.52% | -126.49% | 240.06% |
Basic Earnings Per Share | -$0.09 | $0.09 | |
Diluted Earnings Per Share | -$3.36 | -$0.09 | $81.52K |
COMMON SHARES | |||
Basic Shares Outstanding | 121.3M shares | 117.6M shares | 95.04M shares |
Diluted Shares Outstanding | 118.4M shares | 102.5M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $26.02M | $15.91M | $13.21M |
YoY Change | 153.01% | 20.48% | 67.19% |
Cash & Equivalents | $33.52M | $32.60M | $28.49M |
Short-Term Investments | |||
Other Short-Term Assets | $3.340M | $3.285M | $8.569M |
YoY Change | -60.0% | -61.67% | 26.02% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.811M | $3.569M | $1.670M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $31.17M | $22.77M | $23.45M |
YoY Change | 48.41% | -2.9% | 46.55% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $248.8M | $234.3M | $147.3M |
YoY Change | 37.88% | 59.06% | 16.07% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $21.10M | ||
YoY Change | |||
Other Assets | $7.500M | $16.69M | $15.28M |
YoY Change | 5.56% | 9.21% | -3.89% |
Total Long-Term Assets | $425.1M | $398.6M | $309.1M |
YoY Change | 34.41% | 28.96% | 16.71% |
TOTAL ASSETS | |||
Total Short-Term Assets | $31.17M | $22.77M | $23.45M |
Total Long-Term Assets | $425.1M | $398.6M | $309.1M |
Total Assets | $456.3M | $421.3M | $332.5M |
YoY Change | 35.28% | 26.72% | 18.41% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $17.58M | $23.78M | $18.06M |
YoY Change | 45.0% | 31.65% | 15.77% |
Accrued Expenses | $3.413M | $3.409M | |
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $60.09M | $14.72M | |
YoY Change | |||
Total Short-Term Liabilities | $81.93M | $45.62M | $19.89M |
YoY Change | 487.76% | 129.35% | 11.74% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $171.3M | $163.7M | $84.36M |
YoY Change | 69.02% | 94.02% | -21.96% |
Other Long-Term Liabilities | $11.79M | $261.7K | $37.42M |
YoY Change | -99.3% | ||
Total Long-Term Liabilities | $183.1M | $261.7K | $121.8M |
YoY Change | -99.79% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $81.93M | $45.62M | $19.89M |
Total Long-Term Liabilities | $183.1M | $261.7K | $121.8M |
Total Liabilities | $265.0M | $216.1M | $141.2M |
YoY Change | 99.71% | 53.11% | 8.01% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$146.9M | -$128.4M | |
YoY Change | 46.97% | ||
Common Stock | $560.00 | $12.12K | |
YoY Change | -94.26% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $192.1M | $206.1M | $191.3M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $456.3M | $421.3M | $332.5M |
YoY Change | 35.28% | 26.72% | 18.41% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$18.51M | -$10.96M | $8.359M |
YoY Change | -290.72% | -231.11% | -124.66% |
Depreciation, Depletion And Amortization | $2.617M | $2.651M | $2.994M |
YoY Change | -21.0% | -11.45% | -63.49% |
Cash From Operating Activities | -$7.307M | -$3.008M | -$7.989M |
YoY Change | 1313.18% | -62.35% | -67.19% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $17.31M | -$37.84M | -$16.23M |
YoY Change | -160.92% | 133.13% | -42.22% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$16.96M | $0.00 | |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$34.27M | -$37.84M | -$16.23M |
YoY Change | 20.63% | 133.13% | -80.59% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $94.99K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 42.49M | 55.62M | -20.96M |
YoY Change | 138.42% | -365.4% | -117.02% |
NET CHANGE | |||
Cash From Operating Activities | -7.307M | -3.008M | -7.989M |
Cash From Investing Activities | -34.27M | -37.84M | -16.23M |
Cash From Financing Activities | 42.49M | 55.62M | -20.96M |
Net Change In Cash | 913.2K | 14.77M | -45.18M |
YoY Change | -108.23% | -132.7% | -397.61% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$7.307M | -$3.008M | -$7.989M |
Capital Expenditures | $17.31M | -$37.84M | -$16.23M |
Free Cash Flow | -$24.61M | $34.83M | $8.241M |
YoY Change | -188.25% | 322.64% | 120.36% |
Facts In Submission
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Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
|
-3610738 | usd | |
us-gaap |
Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
|
-3725347 | usd | |
CY2022Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-1838000 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-73842561 | usd | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10959482 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8217749 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-27977976 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-102418590 | usd | |
CY2022Q3 | us-gaap |
Dividends Preferred Stock Stock
DividendsPreferredStockStock
|
266000 | usd |
CY2021Q3 | us-gaap |
Dividends Preferred Stock Stock
DividendsPreferredStockStock
|
212844 | usd |
us-gaap |
Dividends Preferred Stock Stock
DividendsPreferredStockStock
|
798000 | usd | |
us-gaap |
Dividends Preferred Stock Stock
DividendsPreferredStockStock
|
342844 | usd | |
CY2022Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-101202 | usd |
CY2021Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-141011 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-337166 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-301221 | usd | |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-11124280 | usd |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
8145916 | usd |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-28438810 | usd | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-102460213 | usd | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.09 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.25 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.16 | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
118437440 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
95044250 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
112327645 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
88382322 | shares | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.09 | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.08 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.25 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.16 | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
118437440 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
102540809 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
112327645 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
88382322 | shares | |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
165081721 | usd |
CY2021Q1 | hofv |
Contribution From Shareholders
ContributionFromShareholders
|
1386543 | usd |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
27561998 | usd |
CY2021Q1 | hofv |
Capital Raise Net Of Offering Costs
CapitalRaiseNetOfOfferingCosts
|
4184998 | usd |
CY2021Q1 | hofv |
Stock Issue During Period Value Exercise Of Warrants
StockIssueDuringPeriodValueExerciseOfWarrants
|
73572577 | usd |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-126097471 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
145690366 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
1620149 | usd |
CY2021Q2 | hofv |
Stock Issue During Period Value Exercise Of Warrants
StockIssueDuringPeriodValueExerciseOfWarrants
|
3116405 | usd |
CY2021Q2 | hofv |
Sale Of Series B Preferred Stock And Warrant
SaleOfSeriesBPreferredStockAndWarrant
|
15200000 | usd |
CY2021Q2 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
130000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
15461132 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
180958052 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
1494332 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
72500 | usd |
CY2021Q3 | hofv |
Stock Issue During Period Value Exercise Of Warrants
StockIssueDuringPeriodValueExerciseOfWarrants
|
315160 | usd |
CY2021Q3 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
212844 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8217749 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
190844949 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
204578244 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
1287695 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
28500 | usd |
CY2022Q1 | hofv |
Sale Of Common Stock Under At The Market Offering
SaleOfCommonStockUnderAtTheMarketOffering
|
14234932 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
803061 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
1088515 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
3736000 | usd |
CY2022Q1 | hofv |
Stock Issued During Period Value Of Preferred Stock Dividend
StockIssuedDuringPeriodValueOfPreferredStockDividend
|
266000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7923469 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
217567478 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
1254724 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
75419 | usd |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
18709 | usd |
CY2022Q2 | hofv |
Sale Of Common Stock Under At The Market Offering
SaleOfCommonStockUnderAtTheMarketOffering
|
3748282 | usd |
CY2022Q2 | hofv |
Stock Issued During Period Value Of Preferred Stock Dividend
StockIssuedDuringPeriodValueOfPreferredStockDividend
|
266000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9095025 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
213303587 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
706960 | usd |
CY2022Q3 | hofv |
Sale Of Common Stock Under At The Market Offering
SaleOfCommonStockUnderAtTheMarketOffering
|
2420303 | usd |
CY2022Q3 | hofv |
Stock Issued During Period Value Of Preferred Stock Dividend
StockIssuedDuringPeriodValueOfPreferredStockDividend
|
266000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10959482 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
205205368 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-27977976 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-102418590 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
9420585 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
8886648 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
3610738 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
3725349 | usd | |
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
2659044 | usd | |
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
1500382 | usd | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
1748448 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-148472 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
390400 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-9011000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
67565942 | usd | |
hofv |
Change In Fair Value Of Interest Rate
ChangeInFairValueOfInterestRate
|
128000 | usd | |
us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
3277879 | usd | |
us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
4573524 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
134111 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1201990 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
125208 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-719172 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
1648247 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
16092721 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-2537410 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-13436 | usd | |
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
2740818 | usd | |
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
105112 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
1659949 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-1231141 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2413959 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-20245591 | usd | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
77862339 | usd | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
42328949 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-77862339 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-42328949 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
68807100 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
6900000 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
8238479 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
25762598 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
5447177 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
515000 | usd | |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
15200000 | usd | |
us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
31746996 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
23485200 | usd | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
450000 | usd | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
43333 | usd | |
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
15588519 | usd | |
hofv |
Proceeds From Sale Of Common Stock Under Atm
ProceedsFromSaleOfCommonStockUnderATM
|
20403517 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
90663480 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
51011265 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
15215100 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-11563275 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
17388040 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
40053461 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
32603140 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
28490186 | usd |
CY2022Q3 | us-gaap |
Cash
Cash
|
15913191 | usd |
CY2021Q3 | us-gaap |
Cash
Cash
|
13208269 | usd |
CY2022Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
16689949 | usd |
CY2021Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
15281917 | usd |
CY2022Q3 | hofv |
Cash And Restricted Cash
CashAndRestrictedCash
|
32603140 | usd |
CY2021Q3 | hofv |
Cash And Restricted Cash
CashAndRestrictedCash
|
28490186 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
4466500 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
2358770 | usd | |
hofv |
Project Development Cost Acquired Through Accounts Payable And Accrued Expenses Net
ProjectDevelopmentCostAcquiredThroughAccountsPayableAndAccruedExpensesNet
|
3346580 | usd | |
hofv |
Project Development Cost Acquired Through Accounts Payable And Accrued Expenses Net
ProjectDevelopmentCostAcquiredThroughAccountsPayableAndAccruedExpensesNet
|
239429 | usd | |
hofv |
Settlement Of Warrant Liability
SettlementOfWarrantLiability
|
53518942 | usd | |
hofv |
Amendment Of Series C Warrant Liability For Equity Classification
AmendmentOfSeriesCWarrantLiabilityForEquityClassification
|
3336000 | usd | |
hofv |
Amendment Of Series C And D Warrants
AmendmentOfSeriesCAndDWarrants
|
400000 | usd | |
hofv |
Initial Value Of Warrants Accounted For As Liabilities
InitialValueOfWarrantsAccountedForAsLiabilities
|
7741955 | usd | |
hofv |
Amounts Due To Affiliate Exchanged For Notes Payable
AmountsDueToAffiliateExchangedForNotesPayable
|
348000 | usd | |
hofv |
Amounts Due To Affiliate Exchanged For Notes Payable
AmountsDueToAffiliateExchangedForNotesPayable
|
299511 | usd | |
hofv |
Amounts Due To Affiliate Exchanged For Note Payable
AmountsDueToAffiliateExchangedForNotePayable
|
850000 | usd | |
hofv |
Shares Issued In Connection With Amendment Of Notes Payable
SharesIssuedInConnectionWithAmendmentOfNotesPayable
|
803061 | usd | |
hofv |
Warrants Issued In Connection With Amendment Of Notes Payable
WarrantsIssuedInConnectionWithAmendmentOfNotesPayable
|
1088515 | usd | |
hofv |
Shares Issued In Connection With Issuance Of Notes Payable
SharesIssuedInConnectionWithIssuanceOfNotesPayable
|
75419 | usd | |
hofv |
Warrants Issued In Connection With Issuance Of Notes Payable
WarrantsIssuedInConnectionWithIssuanceOfNotesPayable
|
18709 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif"><b>Note 1: Organization and Nature of Business</b></span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><span style="text-decoration:underline">Organization and Nature of Business</span></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif">Hall of Fame Resort & Entertainment Company, a Delaware corporation (together with its subsidiaries, unless the context indicates otherwise, the “Company” or “HOFRE”), was incorporated in Delaware as GPAQ Acquisition Holdings, Inc., a wholly owned subsidiary of our legal predecessor, Gordon Pointe Acquisition Corp. (“GPAQ”), a special purpose acquisition company.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On July 1, 2020, the Company consummated a business combination with HOF Village, LLC, a Delaware limited liability company (“HOF Village”), pursuant to an Agreement and Plan of Merger dated September 16, 2019 (as amended on November 6, 2019, March 10, 2020 and May 22, 2020, the “Merger Agreement”), by and among the Company, GPAQ, GPAQ Acquiror Merger Sub, Inc., a Delaware corporation (“Acquiror Merger Sub”), GPAQ Company Merger Sub, LLC, a Delaware limited liability company (“Company Merger Sub”), HOF Village and HOF Village Newco, LLC, a Delaware limited liability company (“Newco”). The transactions contemplated by the Merger Agreement are referred to as the “Business Combination”.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The Company is a resort and entertainment company leveraging the power and popularity of professional football and its legendary players in partnership with the National Football Museum, Inc., doing business as the Pro Football Hall of Fame (“PFHOF”). Headquartered in Canton, Ohio, the Company owns the Hall of Fame Village powered by Johnson Controls, a multi-use sports, entertainment, and media destination centered around the PFHOF’s campus. The Company is pursuing a differentiation strategy across three pillars, including destination-based assets, HOF Village Media Group, LLC (“Hall of Fame Village Media”), and gaming . The Company is located in the only tourism development district in the state of Ohio.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif">The Company has entered into several agreements with PFHOF, an affiliate of the Company, and certain government entities, which outline the rights and obligations of each of the parties with regard to the property on which the Hall of Fame Village powered by Johnson Controls sits, portions of which are owned by the Company and portions of which are net leased to the Company by government and quasi-governmental entities (see Note 9 for additional information). Under these agreements, the PFHOF and the lessor entities are entitled to use portions of the Hall of Fame Village powered by Johnson Controls on a direct-cost basis.</span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><span style="text-decoration:underline">COVID-19</span></span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Since 2020, the world has been impacted by the novel coronavirus (“COVID-19”) pandemic. The COVID-19 pandemic and measures to prevent its spread have impacted the Company’s business in a number of ways, most significantly with regard to a reduction in the number of events and attendance at events at Tom Benson Hall of Fame Stadium and ForeverLawn Sports Complex, which has also negatively impacted the Company’s ability to sell sponsorships. Further, the COVID-19 pandemic has caused a number of supply chain disruptions, which have negatively impacted the Company’s ability to obtain the materials needed to complete construction <span style="font-size: 10pt">as </span>well as increases in the costs of materials and labor. The continued impact of these disruptions and the ultimate extent of their adverse impact on the Company’s financial and operating results will continue to be dictated by the length of time that such disruptions continue, which will, in turn, depend on the currently unpredictable duration and severity of the impacts of the COVID-19 pandemic, and among other things, the impact of governmental actions imposed in response to the COVID-19 pandemic as well as individuals’ and companies’ risk tolerance regarding health matters going forward and developing strain mutations. </span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><span style="text-decoration:underline">Liquidity</span></span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has sustained recurring losses through September 30, 2022. Since inception, the Company’s operations have been funded principally through the issuance of debt and equity. As of September 30, 2022, the Company had approximately $16 million of unrestricted cash and cash equivalents and $16.7 million of restricted cash. The Company has approximately $18.7 million of debt coming due through December 31, 2023.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On March 1, 2022, the Company and ErieBank agreed to extend the MKG DoubleTree Loan (as defined in Note 4) in principal amount of $15,300,000 to September 13, 2023. See Note 4, Notes Payable, for more information on this transaction.</span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On March 1, 2022, the Company executed a series of transactions with affiliates of Industrial Realty Group, LLC, a Nevada limited liability company that is controlled by the Company’s director Stuart Lichter (“IRG”), and JKP Financial LLC (“JKP”), whereby the IRG affiliates and JKP extended certain of the Company’s debt in aggregate principal amount of $22,853,831 to March 31, 2024. See Note 4, Notes Payable, for more information on this transaction.</span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On June 16, 2022, the Company entered into a loan agreement with CH Capital Lending LLC, which is an affiliate of the Company’s director Stuart Lichter (“CH Capital Lending”), whereby CH Capital Lending agreed to lend the Company $10,500,000.</span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On June 16, 2022, the Company entered into a loan agreement with Stark Community Foundation, whereby Stark Community Foundation agreed to lend to the Company $5,000,000. Through September 30, 2022, the total of $5,000,000 has been provided to the Company. See Stark Community Foundation Loan under Note 4, Notes Payable, for more information on this transaction.</span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On July 1, 2022, the Company entered into an Energy Project Cooperative Agreement (the “EPC Agreement”) with Canton Regional Energy Special Improvement District, Inc., SPH Canton St, LLC, an affiliate of Stonehill Strategic Capital, LLC and City of Canton, Ohio. Under the EPC Agreement, the Company was provided $33,387,844 in Property Assessed Clean Energy (“PACE”) financing.</span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On August 31, 2022, the Company entered into a Business Loan Agreement (the “Business Loan Agreement”) with Stark County Port Authority (“Stark Port Authority”), pursuant to which the Company borrowed $5,000,000 (the “SCPA Loan”).</span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On September 15, 2022, the Company entered into a Business Loan Agreement with the City of Canton, Ohio (“City of Canton”), pursuant to which the Company borrowed $5,000,000 (the “Canton Loan”).</span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On September 27, 2022, the Company entered into a loan agreement with The Huntington National Bank, pursuant to which the lender agreed to loan up to $10,000,000 to the Subsidiary Borrowers, which may be drawn upon the Project achieving certain debt service coverage ratios. To date the Company has not received any funding from this loan agreement.</span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On September 27, 2022, the Company received approximately $14.7 million in proceeds from a failed sale-leaseback, net of financing costs and amounts held by the Landlord for future debt service. The Company recorded this transaction as a financing liability on the accompanying consolidated balance sheet. See Note 12.</span></p><p style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On October 19, 2022, HOF Village Center for Performance, LLC and HOF Village Newco, LLC, subsidiaries of the Company, entered an Ohio Enterprise Bond Fund transaction (“OEBF”) with the State of Ohio and Stark County Port Authority. The OEBF issued $7,500,000 of Series 2022-3 bonds, the proceeds of which were loaned to the Stark County Port Authority and used to purchase Series 2022A bonds.</span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt; text-align: justify">On November 7, 2022, the Company received approximately $49 million in net proceeds from a failed sale-leaseback, net of financing costs. See Note 13, Subsequent Events, for more information on this transaction.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b> </b></span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The Company believes that, as a result of the Company’s demonstrated historical ability to finance and refinance debt, the transactions described above and its current ongoing negotiations, it will have sufficient cash and future financing to meet its funding requirements over the next 12 months from the issuance of these unaudited condensed consolidated financial statements. Notwithstanding, the Company expects that it will need to raise additional financing to accomplish its development plan over the next several years. The Company is seeking to obtain additional funding through debt, construction lending, and equity financing. There are no assurances that the Company will be able to raise capital on terms acceptable to the Company or at all, or that cash flows generated from its operations will be sufficient to meet its current operating costs. If the Company is unable to obtain sufficient amounts of additional capital, it may be required to reduce the scope of its planned development, which could harm its financial condition and operating results.</span></p> | ||
us-gaap |
Land Purchase Options Description
LandPurchaseOptionsDescription
|
The Company has entered into several agreements with PFHOF, an affiliate of the Company, and certain government entities, which outline the rights and obligations of each of the parties with regard to the property on which the Hall of Fame Village powered by Johnson Controls sits, portions of which are owned by the Company and portions of which are net leased to the Company by government and quasi-governmental entities (see Note 9 for additional information). | ||
us-gaap |
Debt Conversion Description
DebtConversionDescription
|
The Company has approximately $18.7 million of debt coming due through December 31, 2023. | ||
CY2022Q1 | hofv |
Principal Amount
PrincipalAmount
|
15300000 | usd |
CY2022Q1 | hofv |
Aggregate Amount
AggregateAmount
|
22853831 | usd |
CY2022Q3 | hofv |
Energy Project Cooperative Agreement Description
EnergyProjectCooperativeAgreementDescription
|
On July 1, 2022, the Company entered into an Energy Project Cooperative Agreement (the “EPC Agreement”) with Canton Regional Energy Special Improvement District, Inc., SPH Canton St, LLC, an affiliate of Stonehill Strategic Capital, LLC and City of Canton, Ohio. Under the EPC Agreement, the Company was provided $33,387,844 in Property Assessed Clean Energy (“PACE”) financing. | |
CY2022Q3 | us-gaap |
Loans Assumed1
LoansAssumed1
|
10000000 | usd |
CY2022Q3 | us-gaap |
Financing Receivable Sale
FinancingReceivableSale
|
14700000 | usd |
CY2022Q4 | us-gaap |
Notes Issued1
NotesIssued1
|
7500000 | usd |
CY2022Q4 | us-gaap |
Loans And Leases Receivable Gain Loss On Sales Net
LoansAndLeasesReceivableGainLossOnSalesNet
|
49000000 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><span style="text-decoration:underline">Use of Estimates</span></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates and assumptions for the Company relate to bad debt, depreciation, costs capitalized to project development costs, useful lives of assets, stock-based compensation, and fair value of financial instruments (including the fair value of the Company’s warrant liability). Management adjusts such estimates when facts and circumstances dictate. Actual results could differ from those estimates.</span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif"><b> </b></span></p> | ||
CY2022Q3 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
16689949 | usd |
CY2021Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
7105057 | usd |
CY2022Q3 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
3312500 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
0 | usd |
hofv |
Recognized Measured Benefit
RecognizedMeasuredBenefit
|
0.50 | pure | |
CY2022Q3 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
152233 | usd |
CY2021Q3 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
125042 | usd |
us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
551579 | usd | |
us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
472916 | usd | |
CY2022Q3 | hofv |
Fair Value Of Aggregate Warrant Liabilities
FairValueOfAggregateWarrantLiabilities
|
1322000 | usd |
CY2021Q4 | hofv |
Fair Value Of Aggregate Warrant Liabilities
FairValueOfAggregateWarrantLiabilities
|
13669000 | usd |
CY2022Q3 | us-gaap |
Interest Rate Fair Value Hedge Liability At Fair Value
InterestRateFairValueHedgeLiabilityAtFairValue
|
128000 | usd |
CY2021Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
13669000 | usd |
hofv |
Settlement Of Warrants Exercised
SettlementOfWarrantsExercised
|
-3336000 | usd | |
hofv |
Change In Fair Value Outstanding
ChangeInFairValueOutstanding
|
-9011000 | usd | |
CY2022Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
1322000 | usd |
hofv |
Subsequent Measurement Exercise Price
SubsequentMeasurementExercisePrice
|
1.4 | ||
CY2021Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
8145916 | usd |
CY2021Q3 | hofv |
Reverse Change In Fair Value Of Warrant Liabilitiesin Dollars
ReverseChangeInFairValueOfWarrantLiabilitiesinDollars
|
-16363170 | usd |
CY2021Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-8217254 | usd |
CY2021Q3 | us-gaap |
Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
|
95044250 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
7496560 | shares |
CY2021Q3 | us-gaap |
Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
|
102540809 | shares |
CY2021Q3 | us-gaap |
Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
|
0.09 | |
CY2021Q3 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
-0.08 | |
CY2022Q3 | hofv |
Antidilutive Securities
AntidilutiveSecurities
|
81607417 | shares |
CY2021Q3 | hofv |
Antidilutive Securities
AntidilutiveSecurities
|
38691751 | shares |
hofv |
Antidilutive Securities
AntidilutiveSecurities
|
81607417 | shares | |
hofv |
Antidilutive Securities
AntidilutiveSecurities
|
52489246 | shares | |
CY2022Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
7700000 | usd |
CY2022Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
3400000 | usd |
CY2022Q1 | us-gaap |
Prepaid Rent
PrepaidRent
|
4400000 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
293352312 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
230104137 | usd |
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
59064160 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
49643575 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
234288152 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
180460562 | usd |
CY2022Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
139989064 | usd |
CY2021Q4 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
128721480 | usd |
CY2022Q3 | us-gaap |
Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
|
2650719 | usd |
CY2021Q3 | us-gaap |
Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
|
2993581 | usd |
us-gaap |
Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
|
9420585 | usd | |
us-gaap |
Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
|
8886648 | usd | |
us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
|
52560589 | usd | |
us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
|
39514231 | usd | |
CY2022Q3 | us-gaap |
Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
|
27687727 | usd |
us-gaap |
Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
|
40556269 | usd | |
CY2022Q3 | us-gaap |
Theatrical Film Costs Development
TheatricalFilmCostsDevelopment
|
464000 | usd |
CY2021Q4 | us-gaap |
Theatrical Film Costs Development
TheatricalFilmCostsDevelopment
|
464000 | usd |
CY2022Q3 | hofv |
Notes Payable Gross
NotesPayableGross
|
181385301 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
17716012 | usd |
CY2022Q3 | us-gaap |
Other Notes Payable Current
OtherNotesPayableCurrent
|
163669289 | usd |
CY2021Q4 | hofv |
Notes Payable Gross
NotesPayableGross
|
115721706 | usd |
CY2021Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
14361510 | usd |
CY2021Q4 | us-gaap |
Other Notes Payable Current
OtherNotesPayableCurrent
|
101360196 | usd |
CY2022Q3 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
1132440 | usd |
CY2021Q3 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
1326620 | usd |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
3610738 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
3725347 | usd | |
us-gaap |
Dividends Paidinkind
DividendsPaidinkind
|
2659044 | usd | |
us-gaap |
Dividends Paidinkind
DividendsPaidinkind
|
1500382 | usd | |
CY2020Q3 | us-gaap |
Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
|
15300000 | usd |
CY2022Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
1590563 | usd |
CY2021Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
1669560 | usd |
hofv |
Conversion Price Per Share
ConversionPricePerShare
|
1.09 | ||
CY2022Q1 | us-gaap |
Payments Of Loan Costs
PaymentsOfLoanCosts
|
38000 | usd |
CY2022Q1 | hofv |
Conversion Price Per Share
ConversionPricePerShare
|
1.5 | |
CY2022Q1 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
8347839 | usd |
CY2022Q1 | hofv |
Payable Percentage
PayablePercentage
|
0.04 | pure |
hofv |
Description Of Notes Payable
DescriptionOfNotesPayable
|
As part of the consideration for the amendment: (i) the Company issued in a transaction exempt from registration pursuant to Section 4(a)(2) of the Securities Act: (A) 330,000 shares of Common Stock to CH Capital Lending, and (B) a warrant to purchase 1,000,000 shares of Common Stock (“Series E Warrant”) to CH Capital Lending, (ii) the Company was required to, subject to approval of its board of directors, create a series of preferred stock, to be known as 7.00% Series C Convertible Preferred Stock (“Series C Preferred Stock”), and, upon the request of CH Capital Lending, exchange each share of the Company’s Series B Convertible Preferred Stock, that is held by CH Capital Lending for one share of Series C Preferred Stock, and (iii) the Company and CH Capital Lending amended and restated the Series C Warrants and Series D Warrants that the Company issued to CH Capital Lending. | ||
hofv |
Expire Date
ExpireDate
|
2027-03-01 | ||
CY2022Q2 | us-gaap |
Securities Loaned
SecuritiesLoaned
|
4000000 | usd |
CY2022Q2 | hofv |
Commitment Fee Shares
CommitmentFeeShares
|
the consideration for making the Loan, on June 8, 2022, the Company issued to MLF: (A) 125,000 shares (the “Commitment Fee Shares”) of Common Stock, and (B) a warrant to purchase 125,000 shares of Common Stock (“Series G Warrants”). The exercise price of the Series G Warrants will be $1.50 per share. The Series G Warrants will become exercisable one year after issuance, subject to certain terms and conditions set forth in the Series G Warrants. Unexercised Series G Warrants will expire five years after issuance. The exercise price of the Series G Warrants will be subject to a weighted-average antidilution adjustment. | |
CY2022Q2 | hofv |
Receive Amount
ReceiveAmount
|
3200000 | usd |
hofv |
Receive Amount
ReceiveAmount
|
1059994 | usd | |
CY2022Q2 | hofv |
Loan Agreement Amount
LoanAgreementAmount
|
5000000 | usd |
hofv |
Debt Instrument Interest Rate Effective Percentages
DebtInstrumentInterestRateEffectivePercentages
|
0.05 | pure | |
CY2022Q2 | us-gaap |
Securities Borrowed
SecuritiesBorrowed
|
10500000 | usd |
CY2022Q2 | hofv |
Debt Instrument Interest Rate Effective Percentages
DebtInstrumentInterestRateEffectivePercentages
|
0.12 | pure |
us-gaap |
Cost Of Goods Sold Direct Financing Lease
CostOfGoodsSoldDirectFinancingLease
|
33387844 | usd | |
CY2022Q3 | us-gaap |
Incentive To Lessee
IncentiveToLessee
|
29565729 | usd |
us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
3221927 | usd | |
us-gaap |
Sale Leaseback Transaction Transaction Costs Financing Activities
SaleLeasebackTransactionTransactionCostsFinancingActivities
|
600187 | usd | |
CY2022Q3 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.06 | pure |
us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
6542 | usd | |
CY2022Q3 | us-gaap |
Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
|
1314913 | usd |
CY2022Q3 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
10030000 | usd |
CY2022Q3 | us-gaap |
Deposit Assets
DepositAssets
|
9895197 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
|
5000000 | usd |
CY2022Q3 | hofv |
Debt Instrument Interest Rate Effective Percentages
DebtInstrumentInterestRateEffectivePercentages
|
0.06 | pure |
CY2022Q3 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.05 | pure |
CY2022Q3 | us-gaap |
Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
|
5000000 | usd |
CY2022Q3 | hofv |
Loan Percentage
LoanPercentage
|
0.06 | pure |
CY2022Q3 | hofv |
Per Annum Interest
PerAnnumInterest
|
0.05 | pure |
CY2022Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
10000000 | usd |
hofv |
Principal Loan Percentage
PrincipalLoanPercentage
|
0.0015 | pure | |
CY2022Q3 | hofv |
Loan Proceeds Percentage
LoanProceedsPercentage
|
0.025 | pure |
hofv |
Loan Agreement Amount
LoanAgreementAmount
|
50000 | usd | |
hofv |
Loan Agreement Excess Amount
LoanAgreementExcessAmount
|
50000 | usd | |
CY2022Q3 | hofv |
Per Annum Interest
PerAnnumInterest
|
0.05 | pure |
hofv |
Loan Percentage
LoanPercentage
|
0.65 | pure | |
CY2022Q3 | hofv |
Agreement Amount
AgreementAmount
|
10000000 | usd |
CY2022Q3 | us-gaap |
Investment Interest Rate
InvestmentInterestRate
|
0.04 | pure |
CY2022Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
8780840 | usd |
CY2022Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
16889801 | usd |
CY2022Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
35375531 | usd |
CY2022Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
32284792 | usd |
CY2022Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
2028797 | usd |
CY2022Q3 | us-gaap |
Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
|
86025540 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
181385301 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
17716012 | usd |
CY2022Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
163669289 | usd |
CY2020Q4 | hofv |
Increase Of Authorized Shares Description
IncreaseOfAuthorizedSharesDescription
|
On November 3, 2020, the Company’s stockholders approved an amendment to the Company’s charter to increase the authorized shares of Common Stock from 100,000,000 to 300,000,000. Consequently, the Company’s charter allows the Company to issue up to 300,000,000 shares of Common Stock and to issue and designate its rights, without stockholder approval, of up to 5,000,000 shares of preferred stock, par value $0.0001. | |
CY2022Q3 | us-gaap |
Shares Held In Employee Stock Option Plan Committed To Be Released
SharesHeldInEmployeeStockOptionPlanCommittedToBeReleased
|
639093 | shares |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
654759 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
2814220 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
2406265 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
2317265 | usd |
CY2020Q3 | hofv |
Amended And Restated Sponsorship And Naming Rights Agreement Description
AmendedAndRestatedSponsorshipAndNamingRightsAgreementDescription
|
On July 2, 2020, the Company entered into an Amended and Restated Sponsorship and Naming Rights Agreement (the “Naming Rights Agreement”) among Newco, PFHOF and Johnson Controls, Inc. (“JCI”), that amended and restated the Sponsorship and Naming Rights Agreement, dated as of November 17, 2016 (the “Original Sponsorship Agreement”). Among other things, the Amended Sponsorship Agreement: (i) reduced the total amount of fees payable to Newco during the term of the Amended Sponsorship Agreement from $135 million to $99 million; (ii) restricted the activation proceeds from rolling over from year to year with a maximum amount of activation proceeds in one agreement year to be $750,000; and (iii) renamed the “Johnson Controls Hall of Fame Village” to “Hall of Fame Village powered by Johnson Controls”. This is a prospective change, which the Company reflected beginning in the third quarter of 2020. | |
CY2020Q4 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
217000000 | usd |
us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
195000000 | usd | |
CY2021 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
199000000 | usd |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
3312500 | usd | |
CY2022Q3 | us-gaap |
Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
|
5197917 | usd |
CY2021Q4 | us-gaap |
Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
|
1885417 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
|
2167265 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
|
6271792 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
16631566 | usd |
CY2022Q3 | hofv |
Revenue Recognized Net
RevenueRecognizedNet
|
748033 | usd |
CY2021Q3 | hofv |
Revenue Recognized Net
RevenueRecognizedNet
|
1554454 | usd |
hofv |
Revenue Recognized Net
RevenueRecognizedNet
|
2020095 | usd | |
hofv |
Revenue Recognized Net
RevenueRecognizedNet
|
4538292 | usd | |
CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.02 | pure |
CY2019Q4 | hofv |
Base Management Fees
BaseManagementFees
|
10000 | usd |
CY2019Q4 | hofv |
Commencement Date
CommencementDate
|
2024-10-22 | |
CY2022Q3 | hofv |
Management Fee Payables
ManagementFeePayables
|
51466 | usd |
CY2021Q3 | hofv |
Management Fee Payables
ManagementFeePayables
|
30000 | usd |
hofv |
Management Fee Payables
ManagementFeePayables
|
114310 | usd | |
hofv |
Management Fee Payables
ManagementFeePayables
|
90000 | usd | |
CY2021Q1 | us-gaap |
Escrow Deposit
EscrowDeposit
|
2000000 | usd |
CY2021Q2 | us-gaap |
Retail Land Sales Installment Method Sales Value
RetailLandSalesInstallmentMethodSalesValue
|
103095 | usd |
CY2022Q3 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
3588974 | usd |
CY2021Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
3537347 | usd |
CY2022Q3 | hofv |
Deferred Sponsorship Revenue
DeferredSponsorshipRevenue
|
1549931 | usd |
CY2021Q4 | hofv |
Deferred Sponsorship Revenue
DeferredSponsorshipRevenue
|
203278 | usd |
CY2022Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
261669 | usd |
CY2022Q3 | us-gaap |
Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
|
5400574 | usd |
CY2021Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
|
3740625 | usd |
us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<p style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif"><b>Note 8: Contingencies</b></span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif">During the normal course of its business, the Company is subject to occasional legal proceedings and claims. The Company does not have any pending litigation that, separately or in the aggregate, would, in the opinion of management, have a material adverse effect on its results of operations, financial condition, or cash flows.</span></p> | ||
CY2022Q3 | us-gaap |
Due From Related Parties
DueFromRelatedParties
|
3709773 | usd |
CY2021Q4 | us-gaap |
Due From Related Parties
DueFromRelatedParties
|
1818955 | usd |
CY2022Q3 | hofv |
Percentage Of Development Costs
PercentageOfDevelopmentCosts
|
0.04 | pure |
CY2020Q1 | hofv |
Financing From Constellation
FinancingFromConstellation
|
9900000 | usd |
CY2016Q1 | hofv |
Membership Purchase Agreement Description
MembershipPurchaseAgreementDescription
|
On March 10, 2016, the Company entered into a license agreement with PFHOF, whereby the Company has the ability to license and use certain intellectual property from PFHOF in exchange for the Company paying a fee based on certain sponsorship revenues and expenses. | |
CY2018Q4 | hofv |
License Agreement Description
LicenseAgreementDescription
|
the license agreement was amended to change the calculation of the fee to be 20% of eligible sponsorship revenue. The license agreement was further amended in a First Amended and Restated License Agreement, dated September 16, 2019. The license agreement expires on December 31, 2033. | |
CY2020Q3 | hofv |
Media License Agreement Description
MediaLicenseAgreementDescription
|
On July 1, 2020, the Company entered into an Amended and Restated Media License Agreement that terminates on December 31, 2034. In consideration of a license to use certain intellectual property of PFHOF, the Company agreed to pay PFHOF minimum guaranteed license fees of $1,250,000 each year during the term. After the first five years of the agreement, the minimum guarantee shall increase by 3% on a year-over-year basis. | |
CY2021Q1 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
1750000 | usd |
CY2022Q2 | hofv |
Global License Agreement Description
GlobalLicenseAgreementDescription
|
The Global License Agreement requires Newco to pay PFHOF an annual license fee of $900,000 in the first contract year, inclusive of calendar years 2021 and 2022; an annual license fee of $600,000 in each of contract years two through six; and an annual license fee of $750,000 per year starting in contract year seven through the end of the initial term. The Global License Agreement also provides for an additional license royalty payment by Newco to PFHOF for certain usage above specified financial thresholds, as well as a commitment to support PFHOF museum attendance through Newco’s and its affiliates’ ticket sales for certain concerts and youth sports tournaments. The Global License Agreement has an initial term through December 31, 2036, subject to automatic renewal for successive five-year terms, unless timely notice of non-renewal is provided by either party. | |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
318750 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
600000 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
600000 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
600000 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
600000 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
7350000 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
10068750 | usd |
CY2022Q3 | hofv |
Paid Annual License Fee
PaidAnnualLicenseFee
|
212500 | usd |
CY2021Q3 | hofv |
Paid Annual License Fee
PaidAnnualLicenseFee
|
0 | usd |
hofv |
Paid Annual License Fee
PaidAnnualLicenseFee
|
581250 | usd | |
hofv |
Paid Annual License Fee
PaidAnnualLicenseFee
|
0 | usd | |
CY2022Q1 | us-gaap |
Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
|
7741946 | usd |
CY2022Q1 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
3383807 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
386279 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
238723 | usd | |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P91Y9M18D | |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.10 | pure |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
79574 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
333004 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
311900 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
311900 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
311900 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
41436900 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
42785178 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
39376286 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
3408892 | usd |
CY2022Q3 | hofv |
Sale Leaseback Repayable Term
SaleLeasebackRepayableTerm
|
P99Y | |
CY2022Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
307125 | usd |
CY2022Q3 | hofv |
Lease Percentage
LeasePercentage
|
0.02 | pure |
CY2022Q3 | us-gaap |
Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
|
0.1025 | pure |
us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
14720879 | usd | |
us-gaap |
Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
|
867641 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
2631481 | usd | |
CY2022Q3 | us-gaap |
Capital Leases Future Minimum Payments Due In Rolling Year Three
CapitalLeasesFutureMinimumPaymentsDueInRollingYearThree
|
313268 | usd |
CY2022Q3 | us-gaap |
Capital Leases Future Minimum Payments Due In Rolling Year Four
CapitalLeasesFutureMinimumPaymentsDueInRollingYearFour
|
1278131 | usd |
CY2022Q3 | us-gaap |
Capital Leases Future Minimum Payments Due In Rolling Year Five
CapitalLeasesFutureMinimumPaymentsDueInRollingYearFive
|
1303694 | usd |
CY2022Q3 | us-gaap |
Capital Leases Future Minimum Payments Due In Rolling After Year Five
CapitalLeasesFutureMinimumPaymentsDueInRollingAfterYearFive
|
367649843 | usd |
CY2022Q3 | us-gaap |
Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
|
370544936 | usd |
CY2022Q3 | us-gaap |
Receivable With Imputed Interest Net Amount
ReceivableWithImputedInterestNetAmount
|
355824057 | usd |
CY2022Q3 | us-gaap |
Capital Leased Assets Gross
CapitalLeasedAssetsGross
|
14720879 | usd |
CY2022Q3 | us-gaap |
Derivative Cap Interest Rate
DerivativeCapInterestRate
|
0.05413 | pure |
us-gaap |
Defined Benefit Plan Administration Expenses
DefinedBenefitPlanAdministrationExpenses
|
6077738 | usd | |
hofv |
Discriptionof Agreement
DiscriptionofAgreement
|
The term is approximately 24.75 years with the first debt service payment due December 1, 2022 and final payment December 1, 2046. | ||
hofv |
Construction Loan Description
ConstructionLoanDescription
|
The Hotel Construction Loan will bear interest at a variable rate per annum equal to the one-month Term SOFR plus 6%, subject to a SOFR floor equal to the greater of (i) 4% and (ii) prevailing SOFR at closing of the Hotel Construction Loan. Payments of interest only will be made during the initial two-year term, with a payments of principal and interest based on a 25-year amortization during the extension term, if applicable. Hotel will pay 1% of the Hotel Construction Loan amount as an origination fee, payable in full at closing. The Hotel Construction Loan definitive documentation will have representations, warranties and events of default usual and customary for such type of loan. | ||
us-gaap |
Payments For Fees
PaymentsForFees
|
4500000 | usd | |
CY2022Q3 | us-gaap |
Shares Issued
SharesIssued
|
2000000 | shares |
CY2022Q3 | us-gaap |
Share Price
SharePrice
|
0.0001 | |
hofv |
Interest Rate Percentage
InterestRatePercentage
|
0.08 | pure | |
hofv |
Official Closing Price Percentage
OfficialClosingPricePercentage
|
1.05 | pure | |
hofv |
Market Price Percentage
MarketPricePercentage
|
0.0058 | pure | |
hofv |
Common Stock Description
CommonStockDescription
|
In the IRG Letter Agreement, IRGLLC and the Company agreed to comply with all federal and state securities laws and Nasdaq listing rules and to insert “blocker” provisions for the above-described re-pricing of the warrants and the conversion provisions, such that the total cumulative number of shares of Common Stock that may be issued to IRGLLC and its affiliated and related parties pursuant to the IRG Letter Agreement may not exceed the requirements of Nasdaq Listing Rule 5635(d) (“Nasdaq 19.99% Cap”), except that such limitation will not apply following Approval (defined below). | ||
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
usd | |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
usd | |
CY2021Q4 | hofv |
Convertible Preferred Stock Value2
ConvertiblePreferredStockValue2
|
usd | |
CY2021Q3 | hofv |
Gain Loss On Forgiveness Of Debt
GainLossOnForgivenessOfDebt
|
usd | |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
usd | |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
|
usd | |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
usd | |
CY2022Q1 | hofv |
Stock Issued During Period Value Of Preferred Stock Dividends
StockIssuedDuringPeriodValueOfPreferredStockDividends
|
usd | |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
|
usd | |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
usd | |
hofv |
Amendment Of Series C Warrant Liability For Equity Classification
AmendmentOfSeriesCWarrantLiabilityForEquityClassification
|
usd | ||
hofv |
Amendment Of Series C And D Warrants
AmendmentOfSeriesCAndDWarrants
|
usd | ||
hofv |
Initial Value Of Warrants Accounted For As Liabilities
InitialValueOfWarrantsAccountedForAsLiabilities
|
usd | ||
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
usd | ||
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
usd | ||
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
usd | ||
us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
usd | ||
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
usd | ||
hofv |
Proceeds From Sale Of Common Stock Under Atm
ProceedsFromSaleOfCommonStockUnderATM
|
usd | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | ||
hofv |
Settlement Of Warrant Liability
SettlementOfWarrantLiability
|
usd | ||
hofv |
Shares Issued In Connection With Amendment Of Notes Payable
SharesIssuedInConnectionWithAmendmentOfNotesPayable
|
usd | ||
hofv |
Warrants Issued In Connection With Amendment Of Notes Payable
WarrantsIssuedInConnectionWithAmendmentOfNotesPayable
|
usd | ||
hofv |
Shares Issued In Connection With Issuance Of Notes Payable
SharesIssuedInConnectionWithIssuanceOfNotesPayable
|
usd | ||
CY2022Q3 | us-gaap |
Capital Leases Future Minimum Payments Next Rolling Twelve Months
CapitalLeasesFutureMinimumPaymentsNextRollingTwelveMonths
|
usd | |
CY2022Q3 | us-gaap |
Capital Leases Future Minimum Payments Due In Rolling Year Two
CapitalLeasesFutureMinimumPaymentsDueInRollingYearTwo
|
usd | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001708176 |