2024 Q2 Form 10-Q Financial Statement
#000121390024042927 Filed on May 14, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
Revenue | $4.700M | $4.191M | $6.137M |
YoY Change | -23.3% | 34.32% | 143.23% |
Cost Of Revenue | $1.709M | $974.4K | $1.631M |
YoY Change | 7.64% | -33.22% | -2.41% |
Gross Profit | $2.991M | $3.217M | $4.506M |
YoY Change | -34.12% | 93.65% | 428.8% |
Gross Profit Margin | 63.64% | 76.75% | 73.43% |
Selling, General & Admin | $7.199M | $6.150M | $7.539M |
YoY Change | -32.68% | -50.91% | -3.49% |
% of Gross Profit | 240.72% | 191.19% | 167.31% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $4.181M | $4.159M | $4.580M |
YoY Change | 23.96% | 62.87% | 75.02% |
% of Gross Profit | 139.81% | 129.28% | 101.63% |
Operating Expenses | $13.09M | $11.28M | $12.12M |
YoY Change | -16.39% | -36.2% | 26.99% |
Operating Profit | -$8.390M | -$7.092M | -$7.617M |
YoY Change | -11.94% | -51.31% | -12.39% |
Interest Expense | -$7.596M | $6.522M | -$8.883M |
YoY Change | 114.39% | 79.53% | 107.37% |
% of Operating Profit | |||
Other Income/Expense, Net | -$7.099M | -$7.538M | $196.1K |
YoY Change | 88.5% | 56.18% | -80.69% |
Pretax Income | -$15.49M | -$14.63M | -$19.90M |
YoY Change | 16.52% | -24.56% | 9.42% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$15.49M | -$14.63M | -$20.16M |
YoY Change | 16.52% | -24.56% | 8.94% |
Net Earnings / Revenue | -329.58% | -349.06% | -328.54% |
Basic Earnings Per Share | -$2.41 | -$2.30 | |
Diluted Earnings Per Share | -$2.41 | -$2.30 | -$3.18 |
COMMON SHARES | |||
Basic Shares Outstanding | 6.526M shares | 6.502M shares | 6.435M shares |
Diluted Shares Outstanding | 6.528M shares | 6.486M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.455M | $2.713M | $3.243M |
YoY Change | -84.37% | -63.31% | -87.53% |
Cash & Equivalents | $6.443M | $6.884M | $11.82M |
Short-Term Investments | |||
Other Short-Term Assets | $7.147M | $8.109M | $3.514M |
YoY Change | 114.08% | 114.32% | 5.2% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.131M | $1.268M | $1.108M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $9.733M | $12.09M | $7.866M |
YoY Change | -36.33% | -12.88% | -74.76% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $339.2M | $341.6M | $344.4M |
YoY Change | -8.55% | 35.13% | 38.4% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $2.411M | $2.476M | |
YoY Change | -86.69% | -93.19% | |
Other Assets | $4.988M | $4.171M | $8.573M |
YoY Change | -33.87% | -42.91% | 14.31% |
Total Long-Term Assets | $427.2M | $427.5M | $434.0M |
YoY Change | -1.98% | -4.43% | 2.09% |
TOTAL ASSETS | |||
Total Short-Term Assets | $9.733M | $12.09M | $7.866M |
Total Long-Term Assets | $427.2M | $427.5M | $434.0M |
Total Assets | $436.9M | $439.6M | $441.9M |
YoY Change | -3.14% | -4.68% | -3.16% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $26.67M | $23.36M | $21.83M |
YoY Change | 65.76% | 38.93% | 24.18% |
Accrued Expenses | $3.326M | $3.321M | $3.441M |
YoY Change | -2.81% | -2.83% | 0.8% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $62.98M | ||
YoY Change | 4.82% | ||
Total Short-Term Liabilities | $32.86M | $29.41M | $89.54M |
YoY Change | -59.54% | -63.98% | 9.29% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $296.9M | $287.5M | $219.5M |
YoY Change | 52.07% | 49.79% | 28.15% |
Other Long-Term Liabilities | $8.970M | $9.035M | $6.084M |
YoY Change | -39.52% | -41.0% | -48.4% |
Total Long-Term Liabilities | $305.9M | $296.6M | $225.6M |
YoY Change | 45.6% | 43.08% | 23.22% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $32.86M | $29.41M | $89.54M |
Total Long-Term Liabilities | $305.9M | $296.6M | $225.6M |
Total Liabilities | $338.8M | $326.0M | $315.2M |
YoY Change | 16.29% | 12.82% | 18.91% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$247.3M | -$231.5M | -$216.6M |
YoY Change | 37.34% | 39.03% | 47.48% |
Common Stock | $655.00 | $650.00 | $643.00 |
YoY Change | 15.72% | 15.04% | 14.82% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $99.13M | $114.6M | $127.7M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $436.9M | $439.6M | $441.9M |
YoY Change | -3.14% | -4.68% | -3.16% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$15.49M | -$14.63M | -$20.16M |
YoY Change | 16.52% | -24.56% | 8.94% |
Depreciation, Depletion And Amortization | $4.181M | $4.159M | $4.580M |
YoY Change | 23.96% | 62.87% | 75.02% |
Cash From Operating Activities | -$2.833M | -$2.500M | -$7.390M |
YoY Change | -65.19% | -78.34% | 1.15% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $811.1K | $11.09M | $7.761M |
YoY Change | -91.89% | 14.62% | -55.15% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $1.510K | $8.127M | $4.490K |
YoY Change | -99.99% | -154.18% | -100.03% |
Cash From Investing Activities | -$809.6K | -$2.968M | -$7.756M |
YoY Change | -107.93% | -87.97% | -77.36% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 3.202M | $512.8K | 15.21M |
YoY Change | 3898.11% | -97.05% | -64.21% |
NET CHANGE | |||
Cash From Operating Activities | -2.833M | -$2.500M | -7.390M |
Cash From Investing Activities | -809.6K | -$2.968M | -7.756M |
Cash From Financing Activities | 3.202M | $512.8K | 15.21M |
Net Change In Cash | -440.8K | -$4.955M | 59.69K |
YoY Change | -120.5% | -73.67% | -93.46% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.833M | -$2.500M | -$7.390M |
Capital Expenditures | $811.1K | $11.09M | $7.761M |
Free Cash Flow | -$3.644M | -$13.59M | -$15.15M |
YoY Change | -79.91% | -35.94% | -38.44% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6486044 | shares |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.30 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5629086 | shares |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.48 | |
CY2024Q1 | dei |
Document Quarterly Report
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|
true | |
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Document Period End Date
DocumentPeriodEndDate
|
2024-03-31 | |
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|
2024 | |
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Document Transition Report
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|
false | |
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Entity Registrant Name
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|
HALL OF FAME RESORT & ENTERTAINMENT COMPANY | |
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|
DE | |
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Entity Tax Identification Number
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84-3235695 | |
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2014 Champions Gateway | |
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Canton | |
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OH | |
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44708 | |
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(330) | |
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458–9176 | |
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|
7672 | shares |
CY2024Q1 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
266000 | usd |
CY2024Q1 | hofv |
Adjustments To Additional Paid In Capital Modification Of Warrants In Connection With Irg Restructuring
AdjustmentsToAdditionalPaidInCapitalModificationOfWarrantsInConnectionWithIRGRestructuring
|
1666000 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-14630176 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
113603707 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
191258112 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
651034 | usd |
CY2023Q1 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
8741 | shares |
CY2023Q1 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
266000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-19392374 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
172250772 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-14630176 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-19392374 | usd |
CY2024Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
4158750 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2553360 | usd |
CY2024Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
955322 | usd |
CY2023Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
855891 | usd |
CY2024Q1 | us-gaap |
Accretion Expense
AccretionExpense
|
1798295 | usd |
CY2023Q1 | us-gaap |
Accretion Expense
AccretionExpense
|
1681073 | usd |
CY2023Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
1145000 | usd |
CY2023Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
273523 | usd |
CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
29952 | usd |
CY2024Q1 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
2905941 | usd |
CY2023Q1 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
1127491 | usd |
CY2024Q1 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
-140041 | usd |
CY2023Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-100000 | usd |
CY2024Q1 | us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
49000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
-238000 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
96469 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
651034 | usd |
CY2024Q1 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
124429 | usd |
CY2023Q1 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
128143 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
189474 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
888740 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
3106777 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1588240 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
977566 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-875060 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-76608 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-78508 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
1432932 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
-110903 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
3015367 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
3184424 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2476875 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-11542932 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
30021129 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
|
15021129 | usd |
CY2024Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
8126634 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
11094441 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
9679007 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2967807 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-24679007 | usd |
CY2024Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
8722258 | usd |
CY2023Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
20500000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
10962096 | usd |
CY2023Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
312431 | usd |
CY2023Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1537342 | usd |
CY2024Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
747396 | usd |
CY2023Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
1093750 | usd |
CY2024Q1 | us-gaap |
Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
|
3500000 | usd |
CY2023Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
150000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
512766 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
17406477 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-4931916 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-18815462 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
11816083 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
33516382 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6884167 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
14700920 | usd |
CY2024Q1 | us-gaap |
Cash
Cash
|
2713210 | usd |
CY2023Q1 | us-gaap |
Cash
Cash
|
7395025 | usd |
CY2024Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
4170957 | usd |
CY2023Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
7305895 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6884167 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
14700920 | usd |
CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1739082 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
2644324 | usd |
CY2024Q1 | hofv |
Accrued Interest Rolled Into Notes Payable In Connection With Modification
AccruedInterestRolledIntoNotesPayableInConnectionWithModification
|
9028091 | usd |
CY2024Q1 | hofv |
Penny Warrants Received In Consideration Of Sports Betting Agreement
PennyWarrantsReceivedInConsiderationOfSportsBettingAgreement
|
1666000 | usd |
CY2024Q1 | hofv |
Proceeds From Sale Of Assets Held In Escrow
ProceedsFromSaleOfAssetsHeldInEscrow
|
1500000 | usd |
CY2024Q1 | hofv |
Accrued Series B Preferred Stock Dividends
AccruedSeriesBPreferredStockDividends
|
116000 | usd |
CY2023Q1 | hofv |
Accrued Series B Preferred Stock Dividends
AccruedSeriesBPreferredStockDividends
|
116000 | usd |
CY2024Q1 | 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; text-indent: 0.45pt">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 DoubleTree by Hilton located in downtown Canton and the Hall of Fame Village, which is a multi-use sports, entertainment, and media destination centered around the PFHOF’s campus. The Company is pursuing a differentiation strategy across three business verticals, including destination-based assets, HOF Village Media Group, LLC (“Hall of Fame Village Media”), and gaming.</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"></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"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-decoration:underline">Liquidity and Going Concern</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 March 31, 2024 and the Company’s accumulated deficit was $231.5 million as of such date. Since inception, the Company’s operations have been funded principally through the issuance of debt and equity. As of March 31, 2024, the Company had approximately $2.7 million of unrestricted cash and $4.2 million of restricted cash. During the three months ended March 31, 2024, the Company used cash for operating activities of $2.5 million. The Company has approximately $90.6 million of debt coming due through May 14, 2025. In April 2024, IRG and its affiliated lenders agreed to extend the maturity of $51.6 million of principal of its debt until March 31, 2025. On May 10, 2024, the Company amended its waterpark ground lease to provide for a cure period resulting from the Company not making a payment due in May 2024 (see Note 14 Subsequent Events).</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 expects that it will need to raise additional financing to accomplish its development plan and fund its working capital. 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, or it may not be able to continue to fund its ongoing operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern to meet its obligations as they come due for at least one year from the issuance of these condensed consolidated financial statements. The accompanying condensed consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties.</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">Basis of Presentation</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">The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and Rule 10 of Regulation S-X under the Securities Act of 1933, as amended (the “Securities Act”). Accordingly, they do not include all of the information and notes required by U.S. GAAP. However, in the opinion of the management of the Company, all adjustments necessary for a fair presentation of the financial position and operating results have been included in these statements. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Form 10-K for the year ended December 31, 2023, filed on March 25, 2024. Operating results for the three months ended March 31, 2024 are not necessarily indicative of the results that may be expected for any subsequent quarters or for the year ending December 31, 2024.</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">Consolidation</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">The condensed consolidated financial statements include the accounts and activity of the Company and its wholly owned subsidiaries. Investments in a variable interest entity in which the Company is not the primary beneficiary, or where the Company does not own a majority interest but has the ability to exercise significant influence over operating and financial policies, are accounted for using the equity method. All intercompany profits, transactions, and balances have been eliminated in consolidation.</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 owns a 60% interest in Mountaineer GM, LLC (“Mountaineer”), whose results are consolidated into the Company’s results of operations. The portion of Mountaineer’s net income (loss) that is not attributable to the Company is included in non-controlling interest.</p> | |
CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-231500000 | usd |
CY2024Q1 | us-gaap |
Cash
Cash
|
2700000 | usd |
CY2024Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
4200000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2500000 | usd |
CY2024Q1 | us-gaap |
Debt Securities
DebtSecurities
|
90600000 | usd |
CY2024Q1 | us-gaap |
Debt Default Longterm Debt Amount
DebtDefaultLongtermDebtAmount
|
51600000 | usd |
CY2024Q1 | 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="background-color: white"><span style="text-decoration:underline">Reclassification</span></span></p><p style="text-align: justify; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><span style="background-color: white">Certain financial statement line items of the Company’s historical presentation have been reclassified to conform to the corresponding financial statement line items. These reclassifications have no material impact on the historical operating loss, net loss, total assets, total liabilities, or stockholders’ equity previously reported.</span></p> | |
CY2024Q1 | 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">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 credit losses, depreciation, costs capitalized to project development costs, useful lives of long-lived assets, impairment, 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> | |
CY2024Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
4170957 | usd |
CY2023Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
8572730 | usd |
CY2024Q1 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
2000000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
2000000 | usd |
CY2024Q1 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
243964 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
243081 | usd |
CY2024Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
|
0.50 | pure |
CY2024Q1 | us-gaap |
Payments For Film Costs
PaymentsForFilmCosts
|
0 | usd |
CY2023Q1 | us-gaap |
Payments For Film Costs
PaymentsForFilmCosts
|
1305000 | usd |
CY2023Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
1145000 | usd |
CY2024Q1 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
176000 | usd |
CY2023Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
225000 | usd |
CY2024Q1 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
2000000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
2000000 | usd |
CY2023Q4 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
225000 | usd |
CY2024Q1 | us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
-49000 | usd |
CY2024Q1 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
176000 | usd |
CY2024Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
14341768 | shares |
CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6070274 | shares |
CY2024Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
416792643 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
433450980 | usd |
CY2024Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
75166540 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
76746918 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
341626103 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
356704062 | usd |
CY2024Q1 | hofv |
Project Development Costs
ProjectDevelopmentCosts
|
69932439 | usd |
CY2023Q4 | hofv |
Project Development Costs
ProjectDevelopmentCosts
|
59366200 | usd |
CY2024Q1 | hofv |
Interest Rate Of Held For Sale
InterestRateOfHeldForSale
|
0.80 | pure |
CY2023Q4 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
12325227 | usd |
CY2024Q1 | us-gaap |
Depreciation
Depreciation
|
4158750 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
2553360 | usd |
CY2024Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
10915894 | usd |
CY2023Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
9163643 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
|
349655 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
|
6031376 | usd |
CY2024Q1 | us-gaap |
Theatrical Film Costs Development
TheatricalFilmCostsDevelopment
|
200000 | usd |
CY2023Q4 | us-gaap |
Theatrical Film Costs Development
TheatricalFilmCostsDevelopment
|
200000 | usd |
CY2024Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
230362032 | usd |
CY2024Q1 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
8708175 | usd |
CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
221653857 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
229185010 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
9652069 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
219532941 | usd |
CY2024Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
955322 | usd |
CY2023Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
855891 | usd |
CY2024Q1 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
2905941 | usd |
CY2023Q1 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
1127491 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturity Date
LongTermDebtMaturityDate
|
2030-07-01 | |
CY2024Q1 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
1257424 | usd |
CY2023Q4 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
804713 | usd |
CY2024Q1 | hofv |
Percentage Of Extension Fee
PercentageOfExtensionFee
|
0.01 | pure |
CY2024Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
1830000 | usd |
CY2024Q1 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
2000000 | usd |
CY2024Q1 | us-gaap |
Derivative Fixed Interest Rate
DerivativeFixedInterestRate
|
0.0265 | pure |
CY2020Q3 | us-gaap |
Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
|
82397 | shares |
CY2021Q2 | us-gaap |
Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
|
181818 | shares |
CY2023Q2 | us-gaap |
Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
|
275000 | shares |
CY2024Q1 | us-gaap |
Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
|
101006 | shares |
CY2023Q1 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
110000 | shares |
CY2023Q4 | us-gaap |
Common Stock Discount On Shares
CommonStockDiscountOnShares
|
39016766 | usd |
CY2023Q4 | hofv |
Underwriting Agreement Duration Period
UnderwritingAgreementDurationPeriod
|
P90D | |
CY2022Q1 | us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
151.8 | |
CY2024Q1 | hofv |
Relative Rights Of Equity Percentage
RelativeRightsOfEquityPercentage
|
0.07 | pure |
CY2023Q1 | us-gaap |
Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
|
1000 | |
CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1600000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
800 | shares |
CY2023Q1 | us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
1000 | |
CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
800000 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
800 | shares |
CY2023Q2 | us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
1000 | |
CY2023Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
800000 | usd |
CY2020Q4 | hofv |
Agreement Term
AgreementTerm
|
P10Y | |
CY2021Q2 | us-gaap |
Retail Land Sales Installment Method Sales Value
RetailLandSalesInstallmentMethodSalesValue
|
103095 | usd |
CY2021Q2 | hofv |
Number Of Notes Payable
NumberOfNotesPayable
|
1 | pure |
CY2022Q3 | hofv |
Online Market Access Agreement Term
OnlineMarketAccessAgreementTerm
|
P10Y | |
CY2024Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
3500000 | usd |
CY2023Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
3600000 | usd |
CY2024Q1 | hofv |
Activation Fund Reserves
ActivationFundReserves
|
243661 | usd |
CY2023Q4 | hofv |
Activation Fund Reserves
ActivationFundReserves
|
126685 | usd |
CY2024Q1 | us-gaap |
Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
|
8150932 | usd |
CY2023Q4 | us-gaap |
Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
|
5441640 | usd |
CY2024Q1 | us-gaap |
Deposit Liability Current
DepositLiabilityCurrent
|
463906 | usd |
CY2023Q4 | us-gaap |
Deposit Liability Current
DepositLiabilityCurrent
|
290357 | usd |
CY2024Q1 | us-gaap |
Other Liabilities
OtherLiabilities
|
8858499 | usd |
CY2023Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
5858682 | usd |
CY2024Q1 | 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> | |
CY2024Q1 | us-gaap |
Loans Payable
LoansPayable
|
2726806 | usd |
CY2023Q4 | us-gaap |
Loans Payable
LoansPayable
|
1293874 | usd |
CY2024Q1 | hofv |
Percentage Of Development Costs
PercentageOfDevelopmentCosts
|
0.04 | pure |
CY2024Q1 | us-gaap |
Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
|
600000 | usd |
CY2024Q1 | us-gaap |
Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
|
600000 | usd |
CY2024Q1 | us-gaap |
Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
|
600000 | usd |
CY2024Q1 | us-gaap |
Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
|
600000 | usd |
CY2024Q1 | us-gaap |
Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
|
750000 | usd |
CY2024Q1 | us-gaap |
Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
|
6000000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
229820 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
304603 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
301400 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
301400 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
328600 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
39116467 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
40582290 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
37261281 | usd |
CY2024Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
3321009 | usd |
CY2024Q1 | us-gaap |
Other Commitment
OtherCommitment
|
9150000 | usd |
CY2024Q1 | hofv |
Annual License Fee
AnnualLicenseFee
|
0 | usd |
CY2023Q1 | hofv |
Annual License Fee
AnnualLicenseFee
|
300000 | usd |
CY2023Q1 | us-gaap |
Loans Receivable With Fixed Rates Of Interest1
LoansReceivableWithFixedRatesOfInterest1
|
28000000 | usd |
CY2023Q1 | us-gaap |
Area Of Land
AreaOfLand
|
1.64 | sqm |
CY2024Q1 | hofv |
Percentage Of Bear Interest
PercentageOfBearInterest
|
0.125 | pure |
CY2024Q1 | us-gaap |
Percentage Of Unamortized Film Costs
PercentageOfUnamortizedFilmCosts
|
0.25 | pure |
CY2024Q1 | hofv |
Common Stock Issued To Related Party Maximum Requirement Percentage
CommonStockIssuedToRelatedPartyMaximumRequirementPercentage
|
0.1999 | pure |
CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
7274397 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
7387693 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
3321009 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
3440630 | usd |
CY2024Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
124429 | usd |
CY2023Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
128143 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-76608 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-78508 | usd |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P90Y7M6D | |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P91Y2M12D | |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.10 | pure |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.10 | pure |
CY2024Q1 | us-gaap |
Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
|
80558858 | usd |
CY2023Q4 | us-gaap |
Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
|
79219467 | usd |
CY2024Q1 | us-gaap |
Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
5945920 | usd |
CY2023Q4 | us-gaap |
Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
5056214 | usd |
CY2024Q1 | us-gaap |
Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
|
74612938 | usd |
CY2023Q4 | us-gaap |
Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
|
74163253 | usd |
CY2024Q1 | us-gaap |
Lease Income
LeaseIncome
|
641577 | usd |
CY2023Q1 | us-gaap |
Lease Income
LeaseIncome
|
94540 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
|
874956 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
1174695 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
1184837 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
1170697 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
1002686 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
|
4216921 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
9624792 | usd |
CY2022Q3 | us-gaap |
Sale Leaseback Transaction Lease Term
SaleLeasebackTransactionLeaseTerm
|
P99Y | |
CY2022Q3 | us-gaap |
Payments For Rent
PaymentsForRent
|
307125 | usd |
CY2022Q3 | hofv |
Annual Increases
AnnualIncreases
|
0.02 | pure |
CY2022Q4 | us-gaap |
Payments For Rent
PaymentsForRent
|
4375000 | usd |
CY2024Q1 | us-gaap |
Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
|
0.1025 | pure |
CY2024Q1 | us-gaap |
Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
|
2500000 | usd |
CY2024Q1 | hofv |
Percentage Of Beneficial Membership Interest
PercentageOfBeneficialMembershipInterest
|
0.20 | pure |
CY2024Q1 | us-gaap |
Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
|
1000000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
65867451 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
2324731722 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
2258864271 | usd |
CY2023Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
60675230 | usd |
CY2023Q1 | us-gaap |
Lease Cost
LeaseCost
|
2202986526 | usd |
CY2023Q1 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
2142311296 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
usd | |
CY2023Q1 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
usd | |
CY2024Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
usd | |
CY2024Q1 | us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
usd | |
CY2024Q1 | us-gaap |
Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
|
usd | |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
usd | |
CY2024Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
usd | |
CY2023Q1 | us-gaap |
Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
|
usd | |
CY2024Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
usd | |
CY2024Q1 | hofv |
Purchase Price Of Sale On Business
PurchasePriceOfSaleOnBusiness
|
10000000 | usd |
CY2024Q1 | hofv |
Amount Of Increments
AmountOfIncrements
|
500000 | usd |
CY2024Q1 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
-140041 | usd |
CY2024Q1 | us-gaap |
Business Combination Price Of Acquisition Expected
BusinessCombinationPriceOfAcquisitionExpected
|
10000000 | usd |
CY2024Q1 | hofv |
Business Combination Workingcapitaladjustment
BusinessCombinationWorkingcapitaladjustment
|
214222 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
9785778 | usd |
CY2024Q1 | hofv |
Business Acquisition Transaction Costs
BusinessAcquisitionTransactionCosts
|
159144 | usd |
CY2024Q1 | hofv |
Business Combination Book Value Of Net Assets Sold
BusinessCombinationBookValueOfNetAssetsSold
|
12213120 | usd |
CY2024Q1 | hofv |
Business Combination Investment Retained
BusinessCombinationInvestmentRetained
|
2446445 | usd |
CY2024Q1 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
-140041 | usd |
CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
usd | |
CY2024Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
usd | |
CY2023Q1 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
usd | |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
usd | |
CY2024Q1 | hofv |
Stock Issued During Period Value Vesting Of Restricted Stock Units
StockIssuedDuringPeriodValueVestingOfRestrictedStockUnits
|
usd | |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
usd | |
CY2023Q1 | hofv |
Stock Issued During Period Value Vesting Of Restricted Stock Units
StockIssuedDuringPeriodValueVestingOfRestrictedStockUnits
|
usd | |
CY2023Q1 | hofv |
Stock Issued During Period Vlaue Cancellation Of Fractional
StockIssuedDuringPeriodVlaueCancellationOfFractional
|
usd | |
CY2024Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
usd | |
CY2024Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
usd | |
CY2024Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
CY2023Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
CY2023Q1 | hofv |
Accrued Interest Rolled Into Notes Payable In Connection With Modification
AccruedInterestRolledIntoNotesPayableInConnectionWithModification
|
usd | |
CY2023Q1 | hofv |
Penny Warrants Received In Consideration Of Sports Betting Agreement
PennyWarrantsReceivedInConsiderationOfSportsBettingAgreement
|
usd | |
CY2023Q1 | hofv |
Proceeds From Sale Of Assets Held In Escrow
ProceedsFromSaleOfAssetsHeldInEscrow
|
usd | |
CY2024Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
usd | |
CY2024Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2024Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2024Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2024Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001708176 |