2023 Q1 Form 10-K Financial Statement
#000121390023023180 Filed on March 27, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $3.120M | $2.523M | $15.98M |
YoY Change | 48.13% | -16.16% | 48.36% |
Cost Of Revenue | $1.459M | $1.671M | $5.950M |
YoY Change | 26.54% | 220.87% | 34.96% |
Gross Profit | $1.661M | $852.2K | $10.03M |
YoY Change | 74.24% | -65.76% | 57.66% |
Gross Profit Margin | 53.24% | 33.78% | 62.77% |
Selling, General & Admin | $12.53M | $7.812M | $35.98M |
YoY Change | 66.46% | 18.04% | 29.52% |
% of Gross Profit | 754.18% | 916.7% | 358.77% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $2.553M | $2.617M | $12.04M |
YoY Change | -21.25% | -21.0% | -1.33% |
% of Gross Profit | 153.7% | 307.07% | 120.02% |
Operating Expenses | $17.69M | $9.546M | $53.97M |
YoY Change | 62.13% | -7.32% | 31.63% |
Operating Profit | -$14.57M | -$8.694M | -$37.99M |
YoY Change | 46.31% | 11.3% | 9.68% |
Interest Expense | $3.633M | -$4.284M | $5.377M |
YoY Change | 66.6% | -124.6% | -109.46% |
% of Operating Profit | |||
Other Income/Expense, Net | -$4.827M | $1.016M | -$8.178M |
YoY Change | -201.61% | -85.51% | |
Pretax Income | -$19.39M | -$18.19M | -$46.17M |
YoY Change | 144.75% | -289.39% | -50.26% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$19.39M | -$18.51M | -$46.17M |
YoY Change | 144.75% | -290.72% | -50.04% |
Net Earnings / Revenue | -621.46% | -733.52% | -288.92% |
Basic Earnings Per Share | -$3.48 | -$9.01 | |
Diluted Earnings Per Share | -$3.48 | -$3.36 | -$8.50 |
COMMON SHARES | |||
Basic Shares Outstanding | 5.647M shares | 121.3M shares | 5.208M shares |
Diluted Shares Outstanding | 5.629M shares | 5.208M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $7.395M | $26.02M | $26.02M |
YoY Change | 24.38% | 153.01% | 153.01% |
Cash & Equivalents | $14.70M | $33.52M | |
Short-Term Investments | |||
Other Short-Term Assets | $3.784M | $3.340M | $3.340M |
YoY Change | -28.02% | -60.0% | -60.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $2.700M | $1.811M | $1.811M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $13.88M | $31.17M | $31.17M |
YoY Change | 2.65% | 48.41% | 48.41% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $252.8M | $248.8M | $256.4M |
YoY Change | 35.05% | 37.88% | 42.07% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $36.37M | $21.10M | $21.10M |
YoY Change | |||
Other Assets | $7.306M | $7.500M | $7.500M |
YoY Change | 7.32% | 5.56% | 5.56% |
Total Long-Term Assets | $447.3M | $425.1M | $425.1M |
YoY Change | 31.71% | 34.41% | 34.41% |
TOTAL ASSETS | |||
Total Short-Term Assets | $13.88M | $31.17M | $31.17M |
Total Long-Term Assets | $447.3M | $425.1M | $425.1M |
Total Assets | $461.2M | $456.3M | $456.3M |
YoY Change | 30.6% | 35.28% | 35.28% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $16.82M | $17.58M | $17.58M |
YoY Change | 13.66% | 45.0% | 45.0% |
Accrued Expenses | $3.418M | $3.413M | $3.413M |
YoY Change | 2.89% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $60.68M | $60.09M | $60.09M |
YoY Change | |||
Total Short-Term Liabilities | $81.65M | $81.93M | $81.93M |
YoY Change | 291.38% | 487.76% | 487.76% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $191.9M | $171.3M | $171.3M |
YoY Change | 85.04% | 69.02% | 69.02% |
Other Long-Term Liabilities | $15.31M | $11.79M | $11.79M |
YoY Change | 39.89% | -32.27% | |
Total Long-Term Liabilities | $207.3M | $183.1M | $183.1M |
YoY Change | 80.73% | 54.17% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $81.65M | $81.93M | $81.93M |
Total Long-Term Liabilities | $207.3M | $183.1M | $183.1M |
Total Liabilities | $288.9M | $265.0M | $264.2M |
YoY Change | 114.22% | 99.71% | 99.95% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$166.5M | -$146.9M | |
YoY Change | 46.97% | ||
Common Stock | $565.00 | $560.00 | |
YoY Change | -94.26% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $173.2M | $192.1M | $192.1M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $461.2M | $456.3M | $456.3M |
YoY Change | 30.6% | 35.28% | 35.28% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$19.39M | -$18.51M | -$46.17M |
YoY Change | 144.75% | -290.72% | -50.04% |
Depreciation, Depletion And Amortization | $2.553M | $2.617M | $12.04M |
YoY Change | -21.25% | -21.0% | -1.33% |
Cash From Operating Activities | -$11.54M | -$7.307M | -$4.893M |
YoY Change | -549.55% | 1313.18% | -76.43% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $9.679M | $17.31M | $95.17M |
YoY Change | -149.03% | -160.92% | -234.54% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$15.00M | -$16.96M | -$16.96M |
YoY Change | |||
Cash From Investing Activities | -$24.68M | -$34.27M | -$112.1M |
YoY Change | 25.02% | 20.63% | 58.52% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $150.0K | $750.0K | |
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $17.41M | 42.49M | $133.1M |
YoY Change | 38.84% | 138.42% | 93.44% |
NET CHANGE | |||
Cash From Operating Activities | -$11.54M | -7.307M | -$4.893M |
Cash From Investing Activities | -$24.68M | -34.27M | -$112.1M |
Cash From Financing Activities | $17.41M | 42.49M | $133.1M |
Net Change In Cash | -$18.82M | 913.2K | $16.13M |
YoY Change | 305.96% | -108.23% | -171.16% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$11.54M | -$7.307M | -$4.893M |
Capital Expenditures | $9.679M | $17.31M | $95.17M |
Free Cash Flow | -$21.22M | -$24.61M | -$100.1M |
YoY Change | -195.14% | -188.25% | -300.24% |
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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165081721 | usd |
CY2021 | hofv |
Contribution From Shareholders
ContributionFromShareholders
|
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CY2021 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
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Capital Raise Net Of Offering Costs
CapitalRaiseNetOfOfferingCosts
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Sale Of Series B Preferred Stock And Warrant
SaleOfSeriesBPreferredStockAndWarrant
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Sale Of Common Stock Under At The Market Offering
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Dividends Preferred Stock
DividendsPreferredStock
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Profit Loss
ProfitLoss
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CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022 | hofv |
Contribution From Shareholders
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CY2022 | us-gaap |
Stock Issued During Period Value Share Based Compensation
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Sale Of Shares Under Atm
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Shares Issued In Connection With Modification Of Notes Payable
SharesIssuedInConnectionWithModificationOfNotesPayable
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Warrants Issued In Connection With Modification Of Notes Payable
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CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
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CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
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CY2022 | us-gaap |
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Sale Of Series B Preferred Stock And Warrant
SaleOfSeriesBPreferredStockAndWarrant
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022 | us-gaap |
Profit Loss
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CY2021 | us-gaap |
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CY2022 | us-gaap |
Depreciation And Amortization
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Depreciation And Amortization
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CY2022 | us-gaap |
Amortization Of Debt Discount Premium
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CY2021 | us-gaap |
Amortization Of Debt Discount Premium
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CY2022 | hofv |
Amortization Of Financing Liability
AmortizationOfFinancingLiability
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Bad Debt Expense
BadDebtExpense
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CY2021 | us-gaap |
Asset Impairment Charges
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CY2022 | us-gaap |
Gain Loss On Sale Of Investments
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Paid In Kind Interest
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CY2021 | us-gaap |
Paid In Kind Interest
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Gain On Forgiveness Of Debt
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Fair Value Adjustment Of Warrants
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CY2021 | us-gaap |
Fair Value Adjustment Of Warrants
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CY2022 | us-gaap |
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CY2022 | us-gaap |
Employee Benefits And Share Based Compensation
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CY2021 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
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CY2022 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
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CY2022 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
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CY2022 | us-gaap |
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CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
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CY2022 | us-gaap |
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IncreaseDecreaseInPrepaidExpensesOther
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CY2021 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
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CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
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CY2022 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
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CY2021 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
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CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
2939079 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
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CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
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CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
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CY2022 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
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CY2021 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
70734055 | usd |
CY2022 | us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
16960598 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
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CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
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CY2022 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
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CY2021 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
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CY2022 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
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CY2022 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
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CY2021 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
39941576 | usd |
CY2022 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
11559606 | usd |
CY2021 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1569779 | usd |
CY2022 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
750000 | usd |
CY2021 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
193333 | usd |
CY2022 | hofv |
Proceeds From Sale Of Common Stock Under Atm
ProceedsFromSaleOfCommonStockUnderATM
|
20777893 | usd |
CY2021 | hofv |
Proceeds From Sale Of Common Stock Under Atm
ProceedsFromSaleOfCommonStockUnderATM
|
3099602 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
15200000 | usd |
CY2021 | us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
31746996 | usd |
CY2022 | hofv |
Proceeds From Loan And Lease Originations And Principal Collections
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections
|
65588519 | usd |
CY2022 | hofv |
Payments For Proceeds From Loans And Lease
PaymentsForProceedsFromLoansAndLease
|
729166 | usd |
CY2021 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
23485200 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
133149377 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
68831263 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
16128342 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-22665421 | 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 |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
33516382 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
17388040 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
26016547 | usd |
CY2021Q4 | us-gaap |
Cash
Cash
|
10282983 | usd |
CY2022Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
7499835 | usd |
CY2021Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
7105057 | usd |
CY2022Q4 | hofv |
Cash And Restricted Cash
CashAndRestrictedCash
|
33516382 | usd |
CY2021Q4 | hofv |
Cash And Restricted Cash
CashAndRestrictedCash
|
17388040 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
7377808 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
3068627 | usd |
CY2022 | hofv |
Project Development Cost Acquired Through Accounts Payable And Accrued Expenses Net
ProjectDevelopmentCostAcquiredThroughAccountsPayableAndAccruedExpensesNet
|
3346580 | usd |
CY2021 | hofv |
Project Development Cost Acquired Through Accounts Payable And Accrued Expenses Net
ProjectDevelopmentCostAcquiredThroughAccountsPayableAndAccruedExpensesNet
|
5929913 | usd |
CY2021 | hofv |
Settlement Of Warrant Liability
SettlementOfWarrantLiability
|
53518943 | usd |
CY2022 | hofv |
Reclassify Amounts From Capitalized Development Costs To Property And Equipment
ReclassifyAmountsFromCapitalizedDevelopmentCostsToPropertyAndEquipment
|
53752242 | usd |
CY2021 | hofv |
Reclassify Amounts From Capitalized Development Costs To Property And Equipment
ReclassifyAmountsFromCapitalizedDevelopmentCostsToPropertyAndEquipment
|
34938544 | usd |
CY2022 | hofv |
Amendment Of Series C Warrant Liability For Equity Classification
AmendmentOfSeriesCWarrantLiabilityForEquityClassification
|
3336000 | usd |
CY2022 | hofv |
Amendment Of Series C And D Warrants
AmendmentOfSeriesCAndDWarrants
|
400000 | usd |
CY2022 | hofv |
Accrued Dividends
AccruedDividends
|
314000 | usd |
CY2021 | hofv |
Accrued Dividends
AccruedDividends
|
504242 | usd |
CY2021 | hofv |
Atm Proceeds Receivable
ATMProceedsReceivable
|
374377 | usd |
CY2022 | hofv |
Initial Value Of Right Of Use Asset Upon Adoption Of Asc842
InitialValueOfRightOfUseAssetUponAdoptionOfASC842
|
7741955 | usd |
CY2022 | hofv |
Amounts Due To Affiliate Exchanged For Note Payable
AmountsDueToAffiliateExchangedForNotePayable
|
3978762 | usd |
CY2022 | hofv |
Accrued Interest Rolled Into Notes Payable In Connection With Modification
AccruedInterestRolledIntoNotesPayableInConnectionWithModification
|
1437458 | usd |
CY2022 | hofv |
Shares Of Common Stock Issued For Accounts Payable
SharesOfCommonStockIssuedForAccountsPayable
|
803061 | usd |
CY2022 | hofv |
Warrants Issued In Connection With Amendment Of Notes Payable
WarrantsIssuedInConnectionWithAmendmentOfNotesPayable
|
1088515 | usd |
CY2022 | hofv |
Shares Issued In Connection With Issuance Of Notes Payable
SharesIssuedInConnectionWithIssuanceOfNotesPayable
|
75419 | usd |
CY2022 | hofv |
Warrants Issued In Connection With Issuance Of Notes Payable
WarrantsIssuedInConnectionWithIssuanceOfNotesPayable
|
18709 | usd |
CY2022 | hofv |
Shares Issued In Connection With Irg Debt Restructuring
SharesIssuedInConnectionWithIRGDebtRestructuring
|
1310000 | usd |
CY2022 | hofv |
Increase In Fair Value Of Warrants In Connection With Irg Debt Restructuring
IncreaseInFairValueOfWarrantsInConnectionWithIRGDebtRestructuring
|
2670000 | usd |
CY2022 | hofv |
Penny Warrants Received In Consideration Of Sports Betting Agreement
PennyWarrantsReceivedInConsiderationOfSportsBettingAgreement
|
4000000 | usd |
CY2022 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Note 1: Organization, Nature of Business, and Liquidity</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-decoration:underline">Organization and Nature of Business</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.45pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.45pt">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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.45pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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”.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.45pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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, 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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.45pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.45pt">The Company has entered into multiple agreements with PFHOF, 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 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 on a direct-cost basis.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.45pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-decoration:underline">Reverse Stock Split</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 27, 2022, the Company effectuated a reverse stock split of its shares of common stock at a ratio of 1-for-22. See Note 5, Stockholders’ Equity, for additional information. As a result, the number of shares and income (loss) per share disclosed throughout this Annual Report on Form 10-K have been retrospectively adjusted to reflect the reverse stock split.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-decoration:underline">COVID-19</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 as 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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-decoration:underline">Liquidity</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has sustained recurring losses through December 31, 2022. Since inception, the Company’s operations have been funded principally through the issuance of debt and equity. As of December 31, 2022, the Company had approximately $26 million of unrestricted cash, $7.5 million of restricted cash, and $17 million of liquid investments held to maturity, consisting primarily of U.S. treasury securities. The Company has approximately $16.9 million of debt coming due through March 27, 2024.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has entered into the following financing transactions. See Notes 4, 12 and 15, for more information on these transactions.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 December 31, 2022, the total of $5,000,000 has been provided to the Company.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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”).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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”).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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, which may be drawn upon the retail center project achieving certain debt service coverage ratios. To date the Company has not received any funding from this loan agreement.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 2022-A bonds.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 7, 2022, the Company announced it received a $15.8 million Transformational Mixed-Use Development (TMUD) tax credit award from the Ohio Tax Credit Authority and the Ohio Department of Development for construction of the waterpark and Hilton Tapestry hotel.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In January 2023, the Company sold 2,400 shares of the Company’s 7.00% Series A Cumulative Redeemable Preferred Stock, par value $0.0001 per share for an aggregate purchase price of $2,400,000.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February 2, 2023, the Company received proceeds from the issuance by Stark County Port Authority of $18,000,000 principal amount Tax Increment Financing Revenue Bonds, Series 2023.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 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.</p> | |
CY2022 | us-gaap |
Land Purchase Options Description
LandPurchaseOptionsDescription
|
The Company has entered into multiple agreements with PFHOF, 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 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). | |
CY2022Q4 | us-gaap |
Other Investments
OtherInvestments
|
17000000 | usd |
CY2022Q4 | us-gaap |
Debt Securities
DebtSecurities
|
16900000 | usd |
CY2022Q1 | hofv |
Principal Value
PrincipalValue
|
15300000 | usd |
CY2022Q1 | hofv |
Principal Amount
PrincipalAmount
|
22853831 | usd |
CY2022Q2 | us-gaap |
Increase Decrease In Securities Lending Payable
IncreaseDecreaseInSecuritiesLendingPayable
|
5000000 | usd |
CY2022Q4 | us-gaap |
Investments And Cash
InvestmentsAndCash
|
5000000 | usd |
CY2022Q3 | us-gaap |
Property Management Fee Revenue
PropertyManagementFeeRevenue
|
33387844 | usd |
CY2022Q3 | us-gaap |
Securities Loaned
SecuritiesLoaned
|
10000000 | usd |
CY2022Q3 | hofv |
Construction Financing Amount
ConstructionFinancingAmount
|
14700000 | usd |
CY2022Q4 | us-gaap |
Stock Issued1
StockIssued1
|
7500000 | usd |
CY2022Q4 | us-gaap |
Loans And Leases Receivable Gain Loss On Sales Net
LoansAndLeasesReceivableGainLossOnSalesNet
|
49000000 | usd |
CY2022Q4 | us-gaap |
Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
|
15800000 | usd |
CY2022 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-decoration:underline">Reclassification</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain financial statement line items of the Company’s historical presentation have been reclassified to conform to the corresponding financial statement line items in 2022. These reclassifications have no material impact on the historical operating loss, net loss, total assets, total liabilities, or Stockholders’ equity previously reported.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p> | |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-decoration:underline">Use of Estimates</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 113.15pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the 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 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 long-lived assets, potential impairment, accounting for debt modifications and extinguishments, evaluating the Company’s sale-leaseback transactions, 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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022 | us-gaap |
Related Parties Amount In Cost Of Sales
RelatedPartiesAmountInCostOfSales
|
1748448 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
7499835 | usd |
CY2021Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
7105057 | usd |
CY2022Q4 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
17033515 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
4067754 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
5575700 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
0 | usd |
CY2022 | hofv |
Unrecognized Tax Benefits Percentage
UnrecognizedTaxBenefitsPercentage
|
0.50 | pure |
CY2022 | hofv |
Antidilutive Securities
AntidilutiveSecurities
|
5841811 | shares |
CY2021 | hofv |
Antidilutive Securities
AntidilutiveSecurities
|
2357169 | shares |
CY2022Q1 | hofv |
Operating Leases Right Of Use Asset
OperatingLeasesRightOfUseAsset
|
7700000 | usd |
CY2022 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | pure |
CY2022 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
484468 | usd |
CY2021 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
611843 | usd |
CY2022Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
3400000 | usd |
CY2022Q1 | us-gaap |
Prepaid Rent
PrepaidRent
|
4400000 | usd |
CY2022Q4 | hofv |
Fair Value Of Aggregate Warrant Liabilities
FairValueOfAggregateWarrantLiabilities
|
911000 | usd |
CY2021Q4 | hofv |
Fair Value Of Aggregate Warrant Liabilities
FairValueOfAggregateWarrantLiabilities
|
13669000 | usd |
CY2022Q4 | us-gaap |
Interest Rate Fair Value Hedge Liability At Fair Value
InterestRateFairValueHedgeLiabilityAtFairValue
|
200000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
4067754 | usd |
CY2021Q4 | hofv |
Fair Value Warrant Liabilities
FairValueWarrantLiabilities
|
13669000 | usd |
CY2022 | hofv |
Settlement Of Warrants Exercised
SettlementOfWarrantsExercised
|
-3336000 | usd |
CY2022 | hofv |
Change In Fair Value Outstanding
ChangeInFairValueOutstanding
|
-9422000 | usd |
CY2022Q4 | hofv |
Fair Value Warrant Liabilities
FairValueWarrantLiabilities
|
911000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
310503989 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
230104137 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
61677136 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
49643575 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
248826853 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
180460562 | usd |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
140138924 | usd |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
128721480 | usd |
CY2022 | us-gaap |
Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
|
12037374 | usd |
CY2021 | us-gaap |
Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
|
12199148 | usd |
CY2022 | us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
|
65221191 | usd |
CY2021 | us-gaap |
Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
|
58581466 | usd |
CY2022 | us-gaap |
Development Costs
DevelopmentCosts
|
53803747 | usd |
CY2021 | us-gaap |
Development Costs
DevelopmentCosts
|
36080677 | usd |
CY2022Q4 | us-gaap |
Theatrical Film Costs Development
TheatricalFilmCostsDevelopment
|
982000 | usd |
CY2021Q4 | us-gaap |
Theatrical Film Costs Development
TheatricalFilmCostsDevelopment
|
464000 | usd |
CY2022Q4 | hofv |
Notes Payable Gross
NotesPayableGross
|
185195572 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
13879712 | usd |
CY2022Q4 | hofv |
Notes Payables
NotesPayables
|
171315860 | usd |
CY2021Q4 | hofv |
Notes Payable Gross
NotesPayableGross
|
115721706 | usd |
CY2021Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
14361510 | usd |
CY2021Q4 | hofv |
Notes Payables
NotesPayables
|
101360196 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
-6250721 | usd |
CY2021 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
-5160242 | usd |
CY2022 | us-gaap-sup |
Interest Income Operating Paid In Kind
InterestIncomeOperatingPaidInKind
|
3969092 | usd |
CY2021 | us-gaap-sup |
Interest Income Operating Paid In Kind
InterestIncomeOperatingPaidInKind
|
2091990 | usd |
CY2022 | hofv |
Redeemed Cash
RedeemedCash
|
P5Y | |
CY2022 | us-gaap |
Derivative Average Remaining Maturity1
DerivativeAverageRemainingMaturity1
|
P3Y | |
CY2022Q1 | us-gaap |
Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
|
7400000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
966062 | usd |
CY2021Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
1669560 | usd |
CY2022Q1 | us-gaap |
Fair Value Option Ineligible Items Aggregate Carrying Amount
FairValueOptionIneligibleItemsAggregateCarryingAmount
|
1437459 | usd |
CY2022Q1 | us-gaap |
Investment Maturity Date
InvestmentMaturityDate
|
2024-03-31 | |
CY2022Q1 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
30.8 | |
CY2022Q4 | us-gaap |
Limited Liability Company Llc Preferred Unit Issued
LimitedLiabilityCompanyLLCPreferredUnitIssued
|
39091 | shares |
CY2022 | hofv |
Aggregate Loss
AggregateLoss
|
148472 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
10030000 | usd |
CY2022 | us-gaap |
Sale Leaseback Transaction Imputed Interest Rate
SaleLeasebackTransactionImputedInterestRate
|
0.052 | pure |
CY2022Q4 | us-gaap |
Investment Company Fee Paid Indirectly
InvestmentCompanyFeePaidIndirectly
|
9700000 | usd |
CY2022Q4 | us-gaap |
Loans Held For Sale Maturity Date
LoansHeldForSaleMaturityDate
|
2025-03-31 | |
CY2022Q4 | us-gaap |
Property Management Fee Percent Fee
PropertyManagementFeePercentFee
|
0.01 | pure |
CY2022 | us-gaap |
Stock Dividends Shares
StockDividendsShares
|
90909 | shares |
CY2022Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
4500000 | usd |
CY2022 | us-gaap |
Debt Instrument Interest Rate Increase Decrease
DebtInstrumentInterestRateIncreaseDecrease
|
0.125 | pure |
CY2022Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
12.77 | |
CY2022Q4 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
|
12.77 | |
CY2022 | hofv |
Agreement
Agreement
|
0.1999 | pure |
CY2022 | hofv |
Conversion
Conversion
|
0.10 | pure |
CY2022 | us-gaap |
Gain Loss Recognized On Assets Transferred To Separate Account
GainLossRecognizedOnAssetsTransferredToSeparateAccount
|
6228579 | usd |
CY2022Q2 | us-gaap |
Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
|
4000000 | usd |
CY2022Q2 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
6.5 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Other Shares
StockholdersEquityOtherShares
|
5681 | shares |
CY2022Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
5681 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
16744801 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
46404272 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
30877498 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
3655408 | usd |
CY2022Q4 | hofv |
Lender Loan
LenderLoan
|
10000000 | usd |
CY2022Q3 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
10000000 | usd |
CY2022Q3 | us-gaap |
Investment Interest Rate
InvestmentInterestRate
|
0.04 | pure |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
4281371 | usd |
CY2022Q4 | us-gaap |
Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
|
83232222 | usd |
CY2022Q4 | hofv |
Convertible Preferred Stock Value
ConvertiblePreferredStockValue
|
usd | |
CY2022Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
185195572 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
13879712 | usd |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
171315860 | usd |
CY2022Q4 | us-gaap |
Fair Value Option Ineligible Items Aggregate Carrying Amount
FairValueOptionIneligibleItemsAggregateCarryingAmount
|
118344 | usd |
CY2020Q4 | hofv |
Increase Of Authorized Shares Description
IncreaseOfAuthorizedSharesDescription
|
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. | |
CY2022Q4 | us-gaap |
Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
|
67.32 | |
CY2022Q4 | us-gaap |
Shares Held In Employee Stock Option Plan Committed To Be Released
SharesHeldInEmployeeStockOptionPlanCommittedToBeReleased
|
29039 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1861715 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
159.48 | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P3Y7M2D | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
141934 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
12.77 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2003649 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
149.09 | |
CY2022 | hofv |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 Ending Balance
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2EndingBalance
|
P2Y10M9D | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1929843 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
154.3 | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P2Y9M21D | |
CY2022Q4 | us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
12.77 | |
CY2022Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
3511185 | usd |
CY2021Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
|
usd | |
CY2022 | us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
151.8 | |
CY2022Q4 | us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
12.77 | |
CY2022 | hofv |
Sponsorship Agreement Amount
SponsorshipAgreementAmount
|
135000000 | usd |
CY2022 | hofv |
Agreement Year
AgreementYear
|
P1Y | |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
750000 | usd |
CY2020Q4 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
217000000 | usd |
CY2022 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
195000000 | usd |
CY2021 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
199000000 | usd |
CY2020Q2 | hofv |
Received Amount
ReceivedAmount
|
4750000 | usd |
CY2022Q4 | us-gaap |
Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
|
6635417 | usd |
CY2021Q4 | us-gaap |
Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
|
1885417 | 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 | |
CY2022 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
154131 | usd |
CY2021 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
120000 | usd |
CY2021Q1 | us-gaap |
Escrow Deposit
EscrowDeposit
|
2000000 | usd |
CY2021Q2 | us-gaap |
Retail Land Sales Installment Method Sales Value
RetailLandSalesInstallmentMethodSalesValue
|
103095 | usd |
CY2022Q3 | hofv |
Agreement Term
AgreementTerm
|
P10Y | |
CY2021Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
3537347 | usd |
CY2022Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
6867970 | usd |
CY2021Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
203278 | usd |
CY2022 | hofv |
Deposits And Other Liabilities
DepositsAndOtherLiabilities
|
300549 | usd |
CY2022Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
10679704 | usd |
CY2021Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
3740625 | usd |
CY2022 | us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Note 8: Contingencies</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify"> </p><p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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.</p> | |
CY2022Q4 | hofv |
Due To Related Parties Current1
DueToRelatedPartiesCurrent1
|
855485 | usd |
CY2021Q4 | hofv |
Due To Related Parties Current1
DueToRelatedPartiesCurrent1
|
1818955 | usd |
CY2022Q4 | hofv |
Percentage Of Development Costs
PercentageOfDevelopmentCosts
|
0.04 | pure |
CY2022Q4 | us-gaap |
Bridge Loan
BridgeLoan
|
3127304 | usd |
CY2018Q4 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.20 | pure |
CY2022 | us-gaap |
Proceeds From License Fees Received
ProceedsFromLicenseFeesReceived
|
1250000 | usd |
CY2022Q4 | us-gaap |
Policyholder Account Balance Guaranteed Minimum Credit Rating
PolicyholderAccountBalanceGuaranteedMinimumCreditRating
|
0.03 | pure |
CY2021Q1 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
1750000 | usd |
CY2022 | hofv |
License Fee Description
LicenseFeeDescription
|
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. | |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
600000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
600000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
600000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
600000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
600000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
6750000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
9750000 | usd |
CY2022 | hofv |
Proceeds From License Fees Paid
ProceedsFromLicenseFeesPaid
|
900000 | usd |
CY2021 | hofv |
Proceeds From License Fees Paid
ProceedsFromLicenseFeesPaid
|
0 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
|
5865396 | usd |
CY2022 | hofv |
Lessee Operating Lease Liability Payments Due After Year Six
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearSix
|
6005734 | usd |
CY2022 | hofv |
Hotel Construction Loan Description
HotelConstructionLoanDescription
|
(a) a first priority perfected mortgage encumbering the Hotel Property; (b) a first priority perfected assignment of leases and rents with respect to the Hotel Property; (c) a first priority perfected assignment of all permits, licenses, entitlements, approvals, and contracts with respect to the Hotel Property; (d) UCC-1 financing statements (all personal property, fixture filing and accounts and reserves); (e) equity pledge; and (f) all other agreements and assurances customary in similar financings by IRGInc. 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. | |
CY2022 | us-gaap |
Payments For Fees
PaymentsForFees
|
4500000 | usd |
CY2022Q4 | us-gaap |
Shares Issued
SharesIssued
|
90909 | shares |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022 | hofv |
Irg Affiliate Lender Loans Description
IRGAffiliateLenderLoansDescription
|
(i) all IRG Affiliate Lender loans will bear interest at 12.5% per annum, compounded monthly, with payment required monthly at 8% per annum, and with the remaining interest accrued and deferred until maturity; (ii) the price at which the principal and accumulated and unpaid interest under the IRG Affiliated Lender loans is convertible into shares of Common Stock will be reset to a price equal to $12.77 per share; (iii) the Company and its subsidiaries will record a blanket junior mortgage on all real estate owned or leased by the Company and its subsidiaries, whether fee or leasehold estates, other than those parcels for which existing lenders prohibit junior financing; (iv) the Company agreed to acknowledge an existing pledge of the Company’s 100% membership interest in HOFV Newco and reflect that such pledge secures all amounts due under the IRG Affiliate Lender Loans; (v) all IRG Affiliate Lender loans will be cross-collateralized and cross-defaulted; (vi) the Company and its subsidiaries will covenant not to assign, pledge, mortgage, encumber or hypothecate any of the underlying assets, membership interests in affiliated entities or IP rights without IRGLLC’s written consent; (vii) prior development fees owed by the Company to IRGLLC will be accrued and added to the Bridge Loan, and future development fees owed by the Company to IRGLLC will be paid as when due; and (viii) the Company will pay to IRGLLC 25% of all contractual dispute cash settlements collected by the Company with regard to existing contractual disputes in settlement discussions, which shall be applied to outstanding IRG Affiliate Lender loans, first against accrued interest and other charges and then against principal. | |
CY2022 | hofv |
Irg Letter Agreement Description
IRGLetterAgreementDescription
|
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). In addition, the provisions of the IRG Letter Agreement are limited by Nasdaq Listing Rule 5635(c). If the number of shares of Common Stock issued to IRGLLC and its affiliated and related parties pursuant to the IRG Letter Agreement and the agreements modified thereunder exceeds the Nasdaq 19.99% Cap, then the Company will use reasonable efforts to obtain stockholder approval of the issuance of shares in excess of the Nasdaq 19.99% Cap, no later than the next stockholder meeting (the “Approval”). | |
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 |
CY2022Q4 | hofv |
Lessee Operating Lease Liability Payments Due Year Seven
LesseeOperatingLeaseLiabilityPaymentsDueYearSeven
|
6149455 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
2177367616 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
2204080276 | usd |
CY2022Q4 | hofv |
Imputed Interest
ImputedInterest
|
-2143992369 | usd |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
470171 | usd |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
318298 | usd |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P91Y6M | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.10 | pure |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
333004 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
311900 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
311900 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
311900 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
311900 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
41125000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
42705604 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
39292394 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
3413210 | usd |
CY2022Q3 | us-gaap |
Capital Leases Indemnification Agreements Payments
CapitalLeasesIndemnificationAgreementsPayments
|
307125 | usd |
CY2022Q3 | hofv |
Annual Increases
AnnualIncreases
|
0.02 | pure |
CY2022Q4 | us-gaap |
Capital Leases Indemnification Agreements Payments
CapitalLeasesIndemnificationAgreementsPayments
|
4375000 | usd |
CY2022Q4 | us-gaap |
Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
|
0.1025 | pure |
CY2022 | us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
60087907 | usd |
CY2022Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
2204080276 | usd |
CY2022 | srt |
Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
|
2143992368 | usd |
CY2022Q4 | us-gaap |
Ground Leases Net
GroundLeasesNet
|
2631481 | usd |
CY2022 | us-gaap |
Investment Company Voluntary Fee Waived
InvestmentCompanyVoluntaryFeeWaived
|
4120000 | usd |
CY2022 | hofv |
Third Parties Cost
ThirdPartiesCost
|
940166 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
4019531 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
4672544 | usd |
CY2022 | hofv |
Lessee Operating Lease Liability Payments Due Total
LesseeOperatingLeaseLiabilityPaymentsDueTotal
|
60087907 | usd |
CY2022Q4 | hofv |
Us Federal Tax Loss Carryforward
USFederalTaxLossCarryforward
|
33046546 | usd |
CY2021Q4 | hofv |
Us Federal Tax Loss Carryforward
USFederalTaxLossCarryforward
|
12785012 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
3109971 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
1204422 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
1709988 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
1122020 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
|
768657 | usd |
CY2021Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
|
1251926 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
|
175345 | usd |
CY2022 | us-gaap |
Conversion Gains And Losses On Foreign Investments
ConversionGainsAndLossesOnForeignInvestments
|
15566 | usd |
CY2022Q4 | hofv |
Finance Leases Right Of Use Asset
FinanceLeasesRightOfUseAsset
|
-1737381 | usd |
CY2022Q4 | hofv |
Lease Liabilites
LeaseLiabilites
|
784185 | usd |
CY2021Q4 | us-gaap |
Prepaid Rent
PrepaidRent
|
998606 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
36335563 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
12860922 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
36335563 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
12860922 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
|
157364504 | usd |
CY2022 | hofv |
Us Federal Net Operating Loss Carryforwards Begins To Expire
USFederalNetOperatingLossCarryforwardsBeginsToExpire
|
Indefinite | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
157466908 | usd |
CY2022 | hofv |
Us Local Net Operating Loss Carryforwards Begins To Expire
USLocalNetOperatingLossCarryforwardsBeginsToExpire
|
P2026Y | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
|
60881008 | usd |
CY2021 | hofv |
Us Federal Net Operating Loss Carryforwards Begins To Expire
USFederalNetOperatingLossCarryforwardsBeginsToExpire
|
Indefinite | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
60983412 | usd |
CY2021 | hofv |
Us Local Net Operating Loss Carryforwards Begins To Expire
USLocalNetOperatingLossCarryforwardsBeginsToExpire
|
P2026Y | |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
23474643 | usd |
CY2021 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
10693798 | usd |
CY2021 | us-gaap |
Other Income
OtherIncome
|
usd | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.02 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.02 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
|
-0.003 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
|
0.001 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
|
0.001 | pure |
CY2022 | hofv |
Note Extinguishment
NoteExtinguishment
|
0.018 | pure |
CY2021 | hofv |
Note Extinguishment
NoteExtinguishment
|
-0.001 | pure |
CY2022 | hofv |
Compensation Limitation
CompensationLimitation
|
0.007 | pure |
CY2022 | hofv |
Change In Fair Value Of Warrant Liabilities
ChangeInFairValueOfWarrantLiabilities
|
0.047 | pure |
CY2021 | hofv |
Change In Fair Value Of Warrant Liabilities
ChangeInFairValueOfWarrantLiabilities
|
-0.119 | pure |
CY2022 | hofv |
Other Permanent Differences
OtherPermanentDifferences
|
0.256 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.509 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.116 | pure |
CY2022 | us-gaap |
Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
|
192271 | usd |
CY2021 | us-gaap |
Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
|
178621 | usd |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
1000 | |
CY2023Q1 | us-gaap |
Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
|
1600000 | usd |
CY2022 | hofv |
Purchase Price Percentage
PurchasePricePercentage
|
0.02 | pure |
CY2022Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2021Q4 | us-gaap |
Other Short Term Investments
OtherShortTermInvestments
|
usd | |
CY2021Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
usd | |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
usd | |
CY2021Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
usd | |
CY2021Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
usd | |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2021Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2021 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
usd | |
CY2021 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
usd | |
CY2021 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
usd | |
CY2021 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
usd | |
CY2022 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
|
usd | |
CY2022 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
usd | |
CY2022 | hofv |
Stock Issued During Period Value Of Preferred Stock Dividends
StockIssuedDuringPeriodValueOfPreferredStockDividends
|
usd | |
CY2021 | hofv |
Amortization Of Financing Liability
AmortizationOfFinancingLiability
|
usd | |
CY2021 | hofv |
Bad Debt Expense
BadDebtExpense
|
usd | |
CY2022 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
usd | |
CY2021 | us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
usd | |
CY2021 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
usd | |
CY2021 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
usd | |
CY2021 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
usd | |
CY2021 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
usd | |
CY2021 | us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
usd | |
CY2022 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
usd | |
CY2022 | us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
usd | |
CY2021 | hofv |
Proceeds From Loan And Lease Originations And Principal Collections
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections
|
usd | |
CY2021 | hofv |
Payments For Proceeds From Loans And Lease
PaymentsForProceedsFromLoansAndLease
|
usd | |
CY2022 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
usd | |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
CY2021 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
CY2022 | hofv |
Settlement Of Warrant Liability
SettlementOfWarrantLiability
|
usd | |
CY2021 | hofv |
Amendment Of Series C Warrant Liability For Equity Classification
AmendmentOfSeriesCWarrantLiabilityForEquityClassification
|
usd | |
CY2021 | hofv |
Amendment Of Series C And D Warrants
AmendmentOfSeriesCAndDWarrants
|
usd | |
CY2022 | hofv |
Atm Proceeds Receivable
ATMProceedsReceivable
|
usd | |
CY2021 | hofv |
Initial Value Of Right Of Use Asset Upon Adoption Of Asc842
InitialValueOfRightOfUseAssetUponAdoptionOfASC842
|
usd | |
CY2021 | hofv |
Amounts Due To Affiliate Exchanged For Note Payable
AmountsDueToAffiliateExchangedForNotePayable
|
usd | |
CY2021 | hofv |
Shares Of Common Stock Issued For Accounts Payable
SharesOfCommonStockIssuedForAccountsPayable
|
usd | |
CY2021 | hofv |
Warrants Issued In Connection With Amendment Of Notes Payable
WarrantsIssuedInConnectionWithAmendmentOfNotesPayable
|
usd | |
CY2021 | hofv |
Shares Issued In Connection With Issuance Of Notes Payable
SharesIssuedInConnectionWithIssuanceOfNotesPayable
|
usd | |
CY2021 | hofv |
Warrants Issued In Connection With Issuance Of Notes Payable
WarrantsIssuedInConnectionWithIssuanceOfNotesPayable
|
usd | |
CY2021 | hofv |
Shares Issued In Connection With Irg Debt Restructuring
SharesIssuedInConnectionWithIRGDebtRestructuring
|
usd | |
CY2021 | hofv |
Penny Warrants Received In Consideration Of Sports Betting Agreement
PennyWarrantsReceivedInConsiderationOfSportsBettingAgreement
|
usd | |
CY2021Q4 | us-gaap |
Interest Rate Fair Value Hedge Liability At Fair Value
InterestRateFairValueHedgeLiabilityAtFairValue
|
usd | |
CY2021Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
usd | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
usd | |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
usd | |
CY2021 | hofv |
Deposits And Other Liabilities
DepositsAndOtherLiabilities
|
usd | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
|
usd | |
CY2021 | us-gaap |
Conversion Gains And Losses On Foreign Investments
ConversionGainsAndLossesOnForeignInvestments
|
usd | |
CY2021Q4 | hofv |
Finance Leases Right Of Use Asset
FinanceLeasesRightOfUseAsset
|
usd | |
CY2022Q4 | us-gaap |
Prepaid Rent
PrepaidRent
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
|
pure | |
CY2021 | hofv |
Other Permanent Differences
OtherPermanentDifferences
|
pure | |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
pure | |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
pure | |
CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001708176 |