GlassBridge Enterprises (GLAE) 10-K 7 Apr 23 2022 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Mar. 29, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	1-14310
Entity Registrant Name	GLASSBRIDGE ENTERPRISES, INC.
Entity Central Index Key	0001014111
Entity Tax Identification Number	41-1838504
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	18 East 50th Street
Entity Address, Address Line Two	FL7
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
City Area Code	(212)
Local Phone Number	220-3300
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 0.2
Entity Common Stock Shares Outstanding		25,170
Documents Incorporated by Reference	Selected portions of the registrant’s definitive proxy statement on Schedule 14A for the registrant’s 2023 annual meeting of stockholders are incorporated by reference into Part III of this Annual Report on Form 10-K
ICFR Auditor Attestation Flag	false
Auditor Name	Turner, Stone & Company, L.L.P
Auditor Location	Dallas, Texas
Auditor Firm ID	76

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net revenue	$ 0.1	$ 0.1
Operating expenses:
Selling, general and administrative	3.1	6
Restructuring and other		0.3
Total operating expenses	3.1	6.3
Operating loss from continuing operations	(3)	(6.2)
Other income (expense):
Interest expense	(0.3)	(2)
Gain on Chapter 11 reorganization		20.4
Bank Loan forgiveness		0.4
Other income, net	0.3	0.4
Total other income		19.2
Income (loss) from continuing operations before income taxes	(3)	13
Income tax
Income (loss) from continuing operations	(3)	13
Discontinued operations:
Loss from discontinued operations, net of income taxes		(0.7)
Gain on sale and deconsolidation of discontinued business, net of income taxes		16.7
Loss from discontinued operations, net of income taxes		16
Net income (loss)	$ (3)	$ 29
Income (loss) per common share — basic and diluted:
Continuing operations	$ (113.64)	$ 511.81
Discontinued operations		629.92
Net income (loss)	$ (113.64)	$ 1,141.73
Weighted average common shares outstanding:
Basic and diluted (in thousands)	26,400	25,400

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1.2	$ 4.1
Accounts receivable, net	0.1	0.1
Total current assets	1.3	4.2
Investment in Arrive, cost (See Note 6 – Arrive Investment)	12.8	12.8
Other assets and other investments (See Note 6 – Arrive Investment)	0.5	0.2
Total assets	14.6	17.2
Current liabilities:
Accounts payable	1.2	1.1
Other current liabilities	0.4	0.4
Total current liabilities	1.6	1.5
GHI LLC note payable	3.7	3.4
Deferred tax liabilities	0.2	0.2
Total liabilities	5.5	5.1
See Note 13 – Litigation, Commitments and Contingencies
Shareholders’ equity:
Preferred stock, $.01 par value, authorized 200,000 shares, none issued and outstanding
Common stock, $.01 par value, authorized 50,000 shares
Additional paid-in capital	1,073	1,073
Accumulated deficit	(1,039)	(1,036)
Treasury stock, at cost 2,927 shares at December 31, 2022; 2,927 shares at December 31, 2021	(24.9)	(24.9)
Total shareholders’ equity	9.1	12.1
Total liabilities and shareholders’ equity	$ 14.6	$ 17.2

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	200,000	200,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	50,000	50,000
Common stock, shares issued	28,097	28,097
Common stock, shares outstanding	25,170	25,170
Treasury stock shares	2,927	2,927

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Deficit) - USD ($) $ in Millions	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2020		$ 1,059.6	$ (1,065)	$ (24.9)	$ 22.7	$ (7.6)
Balance, shares at Dec. 31, 2020	28,097			2,927
Net income (loss)			29		(0.7)	28.3
Deconsolidation of subsidiary					(22)	(22)
Sale of warrants		0.2				0.2
Extinguishment of Stock Purchase Agreement Notes Payable, related party		10				10
Extinguishment of related party debt		3.2				3.2
Balance at Dec. 31, 2021		1,073	(1,036)	$ (24.9)		12.1
Balance, shares at Dec. 31, 2021	28,097			2,927
Net income (loss)			(3)			(3)
Balance at Dec. 31, 2022		$ 1,073	$ (1,039)	$ (24.9)		$ 9.1
Balance, shares at Dec. 31, 2022	28,097			2,927

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash Flows from Operating Activities:
Net income (loss)	$ (3)	$ 29
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization		0.3
Payment-in-Kind interest	0.3	0.1
Gain on Chapter 11 reorganization		(20.4)
Gain on sale and deconsolidation of SportBLX		(16.7)
Bank Loan forgiveness		(0.4)
Change in non-controlling interest		(0.7)
Changes in operating assets and liabilities:
Other current assets		0.4
Other assets	(0.1)	0.1
Accounts payable	0.1	0.1
Other liabilities		1.6
Net cash used in operating activities	(2.7)	(6.6)
Cash Flows from Investing Activities:
Purchase of investments	(0.2)
Proceeds from sale of unsecured claims from related party pursuant to Chapter 11 reorganization		0.5
Proceeds from sale of platform code to a related party		0.2
Proceeds from sale of SportBLX to a related party		0.2
Collection of notes receivable from related party pursuant to Chapter 11 reorganization		0.7
Proceeds from bankruptcy trust pursuant to Chapter 11 reorganization		6.6
Proceeds received for the assignment of related party notes receivable and accrued interest to Fintech Debt Corp		0.4
Net cash provided by (used in) investing activities	(0.2)	8.6
Cash Flows from Financing Activities:
Proceeds from ESW debtor-in-possession note payable		0.3
Proceeds from GHI LLC note payable		3.3
Payment to satisfy in full the Stock Purchase Agreement notes payable		(3.4)
Payment to satisfy $1,500,000 of related party debt		(0.1)
Proceeds from sale of warrants		0.2
Net cash provided by financing activities		0.3
Net change in cash and cash equivalents	(2.9)	2.3
Cash and cash equivalents — beginning of year	4.1	1.8
Cash and cash equivalents — end of year (a)	1.2	4.1
Supplemental disclosures of cash paid during the year:
Income taxes (net of refunds received)		(0.6)
Interest expense	0.1	0.6
Non-cash investing and financing activities during the period:
Extinguishment of ESW note payable in Chapter 11 reorganization		(11)
Extinguishment of debtor-in-possession loan in Chapter 11 reorganization		(0.3)
Forgiveness of Bank Loan		(0.4)
Extinguishment of Stock Purchase Agreement Notes Payable		(14.2)
Recognition of related party debt and accrued interest payable to Fintech Debt Corp.		4.6
Extinguishment of related party debt and accrued interest payable to Fintech Debt Corp.		(4.6)
Total non-cash investing and financing activities during the period		(25.9)
Current assets:
Cash and cash equivalents	1.2	4.1
Total cash and cash equivalents	$ 1.2	$ 4.1

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical)	Dec. 31, 2021 USD ($)
Statement of Cash Flows [Abstract]
Due to related party debt	$ 1,500,000

Background and Basis of Present

Background and Basis of Presentation	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background and Basis of Presentation	Note 1 — Background and Basis of Presentation Background GlassBridge Enterprises, Inc. owns and operates an asset management business through various subsidiaries. As used in this document, the terms “GlassBridge”, “the Company”, “we”, “us”, and “our” mean GlassBridge Enterprises, Inc. and its subsidiaries unless the context indicates otherwise. The Company’s continued operations and ultimate ability to continue as a going concern will depend on its ability to enhance revenue and operating results, enter into strategic relationships or raise additional capital. The Company can provide no assurances that all or any of such plans will occur; and if the Company is unable to return to profitability or otherwise raise sufficient capital, there would be a material adverse effect on its business. In July 2020, the Company and certain of its subsidiaries completed a series of transactions that resulted among other things, in the Company’s reacquiring shares of Adara Enterprises, Corp. (“Adara” or “AEC”) sold in October 2019; disposing of obligations incurred in connection with the sale; and entering into a Loan and Security Agreement (the “ESW Loan Agreement”). In January 2021, Adara received notice from ESW Holdings, Inc. (“ESW”) that Adara had defaulted on its obligation to pay at maturity, i.e., on January 20, 2021, $ 11,000,000 30 8,500,000 8.5 325,000 The Company received distributions from the bankruptcy estate totaling $ 6,594,703 17,909 no Adara has historically been one of the subsidiaries through which the Company has operated its asset management business. The Company, however, remains committed to its asset management business and holds various investments and assets, including Arrive LLC (“Arrive”), in other subsidiaries. On December 30, 2021 the Company completed the disposition of its entire interest in SportBLX, selling all of its shares to Fintech Debt Corp. (“FDC”) for $ 137,038 Basis of Presentation The financial statements are presented on a consolidated basis and include the accounts of the Company, its wholly-owned subsidiaries, and entities in which the Company owns or controls fifty percent or more of the voting shares and has the right to control. The results of entities disposed of are included in the Consolidated Financial Statements up to the date of the disposal and, where appropriate, these operations have been reflected as discontinued operations. Our Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). All inter-company balances and transactions have been eliminated in consolidation and, in the opinion of management, all normal recurring adjustments necessary for a fair presentation have been included in the results reported. The operating results of the Sports Technology Platform, are presented in our Consolidated Statements of Operations as discontinued operations for all periods presented. Our continuing operations in each period presented represents our “Asset Management Business” as well as corporate expenses and activities not directly attributable to the Sports Technology Platform. Assets and liabilities directly associated with the Sports Technology Platform that are not part of our ongoing operations have been separately presented on the face of our Consolidated Balance Sheets for all periods presented. See Note 4 - Discontinued Operations

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 — Summary of Significant Accounting Policies Use of Estimates Foreign Currency Cash Equivalents Restricted Cash no Investments Fair Value Measurements Trade Accounts Receivable and Allowances Intangible Assets Impairment of Long-Lived Assets Restructuring Revenue Recognition Income Taxes We record income taxes using the asset and liability approach. Under this approach, deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the book and tax basis of assets and liabilities. We measure deferred tax assets and liabilities using the enacted statutory tax rates that are expected to apply in the years in which the temporary differences are expected to be recovered or paid. We regularly assess the likelihood that our deferred tax assets will be recovered in the future. In accordance with accounting rules, a valuation allowance is recorded to the extent we conclude a deferred tax asset is not considered to be more-likely-than-not to be realized. We consider all positive and negative evidence related to the realization of the deferred tax assets in assessing the need for a valuation allowance. If we determine it is more-likely-than-not that we will not realize all or part of our deferred tax assets, an adjustment to the deferred tax asset will be charged to earnings in the period such determination is made. Our income tax returns are subject to review by various taxing authorities. As such, we record accruals for items that we believe may be challenged by these taxing authorities. The threshold for recognizing the benefit of a tax return position in the consolidated financial statements is that the position must be more-likely-than-not to be sustained by the taxing authorities based solely on the technical merits of the position. If the recognition threshold is met, the tax benefit is measured and recognized as the largest amount of tax benefit that, in our judgment, is greater than 50 percent likely to be realized. Treasury Stock Stock-Based Compensation The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model. The assumptions used in the valuation model are supported primarily by historical indicators and current market conditions. Expected volatilities are based on historical volatility of our stock and are calculated using the historical weekly close rate for a period of time equal to the expected term. The risk-free rate for the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. We use historical data and management judgment to estimate option exercise and employee termination activity within the valuation model. The expected term of stock options granted is based on historical data and represents the period of time that stock options granted are expected to be outstanding. It is calculated on an aggregated basis and estimated based on an analysis of options already exercised and any foreseeable trends or changes in recipients’ behavior. In determining the expected term, we consider the vesting period of the awards, the contractual term of the awards, historical average holding periods, stock price history, impacts from recent restructuring initiatives and the relative weight for each of these factors. The dividend yield, if applicable, is based on the latest dividend payments made on or announced by the date of the grant. Forfeitures are estimated based on historical experience and current demographics. See Note 9 - Stock-Based Compensation Income (Loss) per Common Share Diluted income (loss) per common share is computed on the basis of the weighted average basic shares outstanding plus the dilutive effect of our stock-based compensation plans using the “treasury stock” method. Since the exercise price of our stock options is greater than the average market price of the Company’s common stock for the period, we did not include dilutive common equivalent shares for these instruments in the computation of diluted income (loss) per common share because the effect would be anti-dilutive. See Note 3 - Income (Loss) per Common Share New Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates (“ASUs”) issued by the Financial Accounting Standards Board (“FASB”). The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the consolidated financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Income (Loss) per Common Share

Income (Loss) per Common Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Income (Loss) per Common Share	Note 3 — Income (Loss) per Common Share The following table sets forth the computation of the weighted average basic and diluted income (loss) per share: Schedule of Computation of Weighted Average Basic and Diluted Income (Loss) Per Share 2022 2021 Years Ended December 31, 2022 2021 (In millions, except share and per share amounts) Numerator: Income (loss) from continuing operations $ (3.0 ) $ 13.0 Loss from discontinued operations, net of income taxes — (0.7 ) Gain on sale and deconsolidation of discontinued business, net of income taxes — 16.7 Net income (loss) $ (3.0 ) $ 29.0 Denominator: Weighted average number of shares outstanding during the period - basic and dilutive (in thousands) 26.4 25.4 Income (loss) per common share — basic and diluted: Continuing operations $ (113.64 ) $ 511.81 Discontinued operations — 629.92 Net income (loss) $ (113.64 ) $ 1,141.73 The Company has 1,360 Stock-Based Compensation

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Note 4 — Discontinued Operations The Sports Technology Platform On December 30, 2021, the Company completed a series of transactions for the purpose of disposing of its interest in SportBLX, as described below: ● On December 21, 2021, SportBLX sold proprietary code to S-BLX Securities, a related party, for $ 225,000 ● On December 24, 2021, SportBLX repurchased $ 1,500,000 126,000 ● Finally, on December 30, 2021, the Company completed the disposition of its entire interest in SportBLX, selling all of its shares to FDC for $ 137,038 As a result of these transactions, the Company recorded a net gain on the sale and deconsolidation of SportBLX of $16.7 million for the year ended December 31, 2021, the components of which are described in the table below. Schedule of Discontinued Operations (in millions) Sale of proprietary code to S-BLX Securities $ 0.2 Gain on repurchase of SportBLX debt from FDC 1.4 Sale of SportBLX to FDC Proceeds 0.1 Basis in SportBLX 1.3 Goodwill (8.3 ) Non-controlling interest 22.0 Net gain on the sale and deconsolidation of SportBLX $ 16.7 Results of Discontinued Operations The operating results for the Sports Technology Platform are presented in our Consolidated Statements of Operations as discontinued operations for all periods presented and reflect revenues and expenses that are directly attributable to these businesses that were eliminated from our ongoing operations. The key components of the results of discontinued operations were as follows: Schedule of Key Components of Discontinued Operations 2022 2021 For the Years Ended December 31, 2022 2021 (In millions) Net revenue $ — $ — Operating expenses: Selling, general and administrative — 1.1 Restructuring and other — (0.6 ) Total operating expenses — 0.5 Operating loss from discontinued operations — (0.5 ) Other expense: Interest expense — (0.2 ) Total other expense — (0.2 ) Loss from discontinued operations, before income taxes — (0.7 ) Gain on sale and deconsolidation of discontinued business — 16.7 Income tax — — Income (loss) from discontinued operations, net of income taxes $ — $ 16.0 Restructuring and other includes the net loss attributable to the noncontrolling interest of $ 0.6 The income tax benefit related to discontinued operations was $ 0.0 Income Taxes

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Balance Sheet Information	Note 5 — Supplemental Balance Sheet Information Additional supplemental balance sheet information is provided below. Other current assets were $ 0.0 Other current liabilities (included as a separate line item in our Consolidated Balance Sheets) include the following: Schedule of Other Current Liabilities 2022 2021 December 31, 2022 2021 (In millions) Accrued payroll $ 0.2 $ 0.2 Other current liabilities 0.2 0.2 Total other current liabilities $ 0.4 $ 0.4 Other current liabilities, as of December 31, 2022 and 2021, include insurance and corporate liability accruals.

Arrive Investment

Arrive Investment	12 Months Ended
	Dec. 31, 2022
Investments, All Other Investments [Abstract]
Arrive Investment	Note 6 — Arrive Investment Arrive is a company that was formed in partnership with Roc Nation with the intent of building a new platform and brand focused on early stage, high growth opportunities. Roc Nation is a full-service entertainment company, inclusive of artist and athlete management, label, publishing, touring, film/TV and new ventures. Arrive seeks to leverage these relationships to invest in proprietary opportunities and provide services including, but not limited to, marketing, promotion or strategic advice for its portfolio investments. The Company holds two separate Arrive investments described below. ● Investment in Arrive of $ 12.8 million as of December 31, 2022 and 2021 represents an investment in the Arrive operating company, Arrive I LLC. The Company’s investment entitles the Company to appoint one of five Arrive Board members and gives the Company priority for distributions of current income and investment proceeds. In addition, the Company is entitled to receive between 18% and 20% of all general partner consideration on pooled investment vehicles managed by Arrive, whether characterized as management fees or incentive fees. ● Other assets of $ 0.5 0.2 The Company did not record any unrealized gains or losses during the years ended December 31, 2022 or 2021 related to these investments. The Company is not required to contribute additional capital to either of the investments. Historically, the Company accounted for such investments under the cost method of accounting. The adoption of ASU No. 2016-01 in the first quarter of 2018 effectively eliminated the cost method of accounting, and the carrying value of this investment is written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. Our strategic investment in equity securities does not have a readily determinable fair value; therefore, the new guidance was adopted prospectively. As of December 31, 2022, there were no indicators of impairment for this investment. The Company will assess the investment for potential impairment, quarterly.

Debt

Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt	Note 7 — Debt Debt and notes payable consists of the following: Schedule of Debt and Notes Payable 2022 2021 Years Ended December 31, 2022 2021 (In millions) GHI LLC note payable $ 3.7 $ 3.4 Other liabilities 0.2 0.2 Total long term debt $ 3.9 $ 3.6 The Company entered into a Term Loan and Security Agreement (“GHI Loan Agreement”) with Gazellek Holdings I, LLC (“GHI LLC”), pursuant to which GHI LLC lent $ 3,450,000 7 August 2, 2024 The Company is required to prepay the loan upon receiving proceeds from future indebtedness exceeding $ 5,000,000 Upon the occurrence of an event of default, the loan bears interest at a rate 5% above of the then-effective interest rate and, at GHI LLC’s option, is payable either in cash or in cash and shares of Company common stock, valued at market, equal to up to 10% of the outstanding principal amount of the loan. A default fee equal to 0.5% of the outstanding principal applies if any default exists for 10 days or more. As of December 31, 2022, we were in compliance with all covenants under the loan. Scheduled maturities of the Company’s long-term debt, as they exist as of December 31, 2022, in each of the next five fiscal years and thereafter are as follows: Schedule of Long-term Debt Maturities Fiscal years ending in (in millions) 2023 $ — 2024 3.9 2025 — 2026 — 2027 — 2028 and thereafter — Total $ 3.9

Restructuring and Other Expense

Restructuring and Other Expense	12 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Restructuring and Other Expense	Note 8 — Restructuring and Other Expense Restructuring expenses generally include severance and related charges, lease termination costs and other costs related to restructuring programs. Employee-related severance charges are largely based upon distributed employment policies and substantive severance plans. Generally, these charges are reflected in the period in which the Board approves the associated actions, the actions are probable, and the amounts are estimable which may occur prior to the communication to the affected employee(s). This estimate considers all information available as of the date the consolidated financial statements are issued. Restructuring and other expense was $ 0.0 0.3 0.3

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 9 — Stock-Based Compensation The Company had no stock compensation expense for the years ended December 31, 2022 and 2021. Schedule of Stock-Based Compensation for Continuing Operations The 2011 Incentive Plan was approved and adopted by our stockholders on May 4, 2011 and became effective immediately. The 2011 Incentive Plan was amended and approved by our stockholders on May 8, 2013. The 2011 Incentive Plan permits the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, dividend equivalents, performance awards, stock awards and other stock-based awards. The number of shares available for awards, as well as the terms of outstanding awards, is subject to adjustments as provided in the 2011 Incentive Plan for stock splits, stock dividends, recapitalization and other similar events. Awards were able to be granted under the 2011 Incentive Plan until the earlier to occur of May 3, 2021 or the date on which all shares available for awards under the 2011 Incentive Plan have been granted; provided, however, that incentive stock options may not be granted after February 10, 2021. Prior to its expiration, the aggregate number of shares of our common stock issuable under all stock-based awards made under the 2011 Incentive Plan was 4,671 Stock-based compensation awards issued under the 2011 Incentive Plan generally have a term of ten years and, for employees, vest over a three-year period. Exercise prices of awards issued under these plans are equal to the fair value of the Company’s stock on the date of grant. As of December 31, 2022, there were 1,360 no Stock Options The following table summarizes our stock option activity: Summary of Stock Option Activity Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding December 31, 2020 1,360 $ 106.00 8.7 Outstanding December 31, 2021 1,360 $ 106.00 7.7 Outstanding December 31, 2022 1,360 $ 106.00 6.7 Exercisable as of December 31, 2022 1,360 $ 106.00 6.7 The Company did no t grant any options during the years ended December 31, 2022 and 2021. There were no options exercised in 2021 or 2022. As of December 31, 2022 there are 1,360 shares outstanding and exercisable. The aggregate intrinsic value of all outstanding stock options was $ 0.0 million as of December 31, 2022. Total stock-based compensation expense associated with stock options related to continuing operations recognized in our Consolidated Statements of Operations for the years ended December 31, 2022 and 2021 was $ 0.0 No related stock-based compensation was capitalized as part of an asset for the years ended December 31, 2022 or 2021.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 10 — Income Taxes The components of income (loss) from continuing operations before income taxes were as follows: Schedule of Loss from Continuing Operations Before Income Taxes 2022 2021 Years Ended December 31, 2022 2021 (In millions) U.S. $ (3.0 ) $ 13.0 International — — Total $ (3.0 ) $ 13.0 The components of the income tax (provision) benefit from continuing operations were as follows: Schedule of Components of Income Tax Expense (Benefit) 2022 2021 Years Ended December 31, 2022 2021 (In millions) Current Federal $ — $ — International — — Deferred International — — Total $ — $ — The income tax provision differs from the amount computed by applying the statutory United States income tax rate (21 percent) because of the following items: Schedule of Income Tax Rate Reconciliation 2022 2021 Years Ended December 31, 2022 2021 (In millions) Tax at statutory U.S. tax rate $ (0.6 ) $ 6.1 State income taxes, net of federal benefit (0.1 ) 1.2 Net effect of subsidiary deconsolidations – Adara reorganization and SportBLX sale — 67.4 Valuation allowances (9.1 ) (74.7 ) Adjustment prior year tax loss carryover 9.8 — Income tax (provision) benefit $ — $ — The 2020 tax law change that had the most significant impact was in the CARES Act, which accelerated the refund schedule for alternative minimum tax credit carryovers. The Company had recorded a tax benefit of $ 2.2 0.6 Tax laws require certain items to be included in our tax returns at different times than the items are reflected in our results of operations. Some of these items are temporary differences that will reverse over time. We record the tax effect of temporary differences as deferred tax assets and deferred tax liabilities in our Consolidated Balance Sheets. In 2022 and 2021 the net cash paid for income taxes, relating to both continuing and discontinued operations, was $ 0.0 The components of net deferred tax assets and liabilities were as follows: Schedule of Deferred Tax Assets and Liabilities 2022 2021 As of December 31, 2022 2021 (In millions) Tax credit carryforwards 3.9 4.1 Net operating loss carryforwards 64.3 72.9 Intangible assets and investments 0.3 0.4 Capital losses 35.2 35.5 Other, net 44.4 44.3 Total deferred tax assets 148.1 157.2 Valuation allowance (148.1 ) (157.2 ) Net deferred tax assets — — Unremitted earnings of foreign subsidiaries (0.2 ) (0.2 ) Total deferred tax liabilities (0.2 ) (0.2 ) Valuation allowance — — Total deferred tax liabilities (0.2 ) (0.2 ) Net deferred tax liabilities $ (0.2 ) $ (0.2 ) We regularly assess the likelihood that our deferred tax assets will be recovered in the future. A valuation allowance is recorded to the extent we conclude a deferred tax asset is not considered more-likely-than-not to be realized. We consider all positive and negative evidence related to the realization of the deferred tax assets in assessing the need for a valuation allowance. Our accounting for deferred tax consequences represents our best estimate of future events. A valuation allowance established or revised as a result of our assessment is recorded through income tax provision in our Consolidated Statements of Operations. Changes in our current estimates due to unanticipated events, or other factors, could have a material effect on our financial condition and results of operations. We maintain a valuation allowance related to our deferred tax assets. The valuation allowance was $ 148.1 157.2 The net deferred tax liability not offset by valuation allowance of $ 0.2 The table below shows the components of our deferred tax balances as they are recorded on our Consolidated Balance Sheets: Schedule of Components of Deferred Tax Balances 2022 2021 As of December 31 2022 2021 (In millions) Deferred tax liability - non-current (0.2 ) (0.2 ) Total $ (0.2 ) $ (0.2 ) Federal net operating loss carryforwards totaling $ 270.5 2029 110 The Company’s $142.1 million in federal net operating loss carryforwards generated through 2017 continue to be subject to historical tax rules that allow carryforward for 20 years from origin, with the ability to offset 100 percent of future taxable income. Subsequent year tax losses have an indefinite life. The Company performed an analysis to confirm that none of the federal net operating loss carryovers should be limited by Section 382. This limitation could result if there is a more than 50 percent ownership shift in the GlassBridge shares within a three-year testing period. We have federal capital losses of $ 140.8 3.6 Our income tax returns are subject to review by various U.S. and foreign taxing authorities. As such, we record accruals for items that we believe may be challenged by these taxing authorities. The threshold for recognizing the benefit of a tax return position in the consolidated financial statements is that the position must be more-likely-than-not to be sustained by the taxing authorities based solely on the technical merits of the position. If the recognition threshold is met, the tax benefit is measured and recognized as the largest amount of tax benefit that, in our judgment, is greater than 50 percent likely to be realized. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: Schedule of Unrecognized Tax Benefits Reconciliation 2022 2021 (In Millions) Beginning Balance $ 0.2 $ 0.2 Additions: Additions for tax positions of current years — — Additions for tax positions of prior years — — Reductions: Reductions for tax positions of prior years — — Settlements with taxing authorities — — Reductions due to lapse of statute of limitations — — Total 0.2 0.2 Our federal income tax returns for 2019 through 2021 are subject to examination by the Internal Revenue Service. For state purposes, the statutes of limitation vary by jurisdiction. With few exceptions, we are no longer subject to examination for years before 2016.

Shareholders_ Equity

Shareholders’ Equity	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Shareholders’ Equity	Note 11 — Shareholders’ Equity Treasury Stock On November 14, 2016, our Board authorized a share repurchase program under which we may repurchase up to 2,500 Since the inception of the November 14, 2016 authorization, we have repurchased 780 0.3 1,720 During the years ended December 31, 2022 and 2021, the Company did not purchase any treasury shares. The treasury stock held as of December 31, 2022 was acquired at an average price of $ 8,496.47 Schedule of Treasury Stock Treasury Shares Balance as of December 31, 2020 2,927 Purchases — Forfeitures and other — Balance as of December 31, 2021 2,927 Purchases — Forfeitures and other — Balance as of December 31, 2022 2,927 382 Rights Agreement On November 30, 2021, the Board of Directors adopted a rights plan intended to avoid an “ownership change” within the meaning of Section 382 of the Code, and thereby preserve the current ability of the Company to utilize certain net operating loss carryforwards and other tax benefits of the Company and its subsidiaries (the “Tax Benefits”). If the Company experiences an “ownership change,” as defined in Section 382 of Code, the Company’s ability to fully utilize the Tax Benefits on an annual basis will be substantially limited, and the timing of the usage of the Tax Benefits and such other benefits could be substantially delayed, which could therefore significantly impair the value of those assets. The rights plan is intended to act as a deterrent to any person or group acquiring “beneficial ownership” of 4.9 As part of the Rights Agreement, the Board authorized and declared a dividend distribution of one right (a Right) for each outstanding share of the Company’s common stock, to stockholders of record at the close of business on December 1, 2021. Each Right entitles the holder to purchase from the Company a unit consisting of one one-hundredth of a share (a “Unit”) of Series A Participating Preferred Stock, par value $ 0.01 1,000.00 Under the Rights Agreement, an Acquiring Person is any person or group of affiliated or associated persons (a “Person”) who is or becomes the beneficial owner of 4.9 4.9 0.5 The Rights Agreement provides that a Person shall not become an Acquiring Person for purpose of the Rights Agreement in a transaction that the Board determines is exempt from the Rights Agreement, which determination shall be made in the sole and absolute discretion of the Board, upon request by any Person prior to the date upon which such Person would otherwise become an Acquiring Person, including, without limitation, if the Board determines that (i) neither the beneficial ownership of shares of common stock by such Person, directly or indirectly, as a result of such transaction nor any other aspect of such transaction would jeopardize or endanger the availability to the Company of the Tax Benefits or (ii) such transaction is otherwise in the best interests of the Company. Initially, the Rights will not be exercisable and will be attached to all common stock representing shares then outstanding, and no separate Rights certificates will be distributed. Subject to certain exceptions specified in the Rights Agreement, the Rights will separate from the common stock and become exercisable and a distribution date (a “Distribution Date”) will occur upon the earlier of (i) 10 business days (or such later date as the Board shall determine) following a public announcement that a Person has become an Acquiring Person or (ii) 10 business days (or such later date as the Board shall determine) following the commencement of a tender offer, exchange offer or other transaction that, upon consummation thereof, would result in a Person becoming an Acquiring Person. Until the Distribution Date, common stock held in book-entry form, or in the case of certificated shares, common stock certificates, will evidence the Rights and will contain a notation to that effect. Any transfer of shares of common stock prior to the Distribution Date will constitute a transfer of the associated Rights. After the Distribution Date, the Rights may be transferred on the books and records of the Rights Agent as provided in the Rights Agreement. If on or after the Distribution Date, a Person is or becomes an Acquiring Person, each holder of a Right, other than certain Rights including those beneficially owned by the Acquiring Person (which will have become void), will have the right to receive upon exercise common stock (or, in certain circumstances, cash, property or other securities of the Company) having a value equal to two times the Purchase Price. In the event that, at any time following the first date of a public announcement that a Person has become an Acquiring Person or that discloses information which reveals the existence of an Acquiring Person or such earlier date as a majority of the Board becomes aware of the existence of an Acquiring Person (any such date, the Stock Acquisition Date), (i) the Company engages in a merger or other business combination transaction in which the Company is not the surviving corporation, (ii) the Company engages in a merger or other business combination transaction in which the Company is the surviving corporation and the common stock of the Company is changed or exchanged or (iii) 50 At any time following the Stock Acquisition Date and prior to an Acquiring Person obtaining shares that would lead to a more than 50 The Rights and the Rights Agreement will expire on the earliest of (i) 5:00 P.M. New York City time on December 1, 2024, (ii) the time at which the Rights are redeemed or exchanged pursuant to the Rights Agreement, (iii) the date on which the Board determines that the Rights Agreement is no longer necessary for the preservation of material valuable Tax Benefits or is no longer in the best interest of the Company and its stockholders, and (iv) the beginning of a taxable year to which the Board determines that no Tax Benefits may be carried forward. At any time until the earlier of the Distribution Date or the expiration date of the Rights, the Company may redeem the Rights in whole, but not in part, at a price of $ 0.001 0.001

Business Segment Information an

Business Segment Information and Geographic Data	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Business Segment Information and Geographic Data	Note 12 — Business Segment Information and Geographic Data The Sports Technology Platform business is presented in our Consolidated Statements of Operations as discontinued operations and is not included in segment results for all periods presented. See Note 4 - Discontinued Operations As of December 31, 2022, the asset management business is our only reportable segment. We evaluate segment performance based on revenue and operating loss. The operating loss reported in our segments excludes corporate and other unallocated amounts. Although such amounts are excluded from the business segment results, they are included in reported consolidated results. The corporate and unallocated operating loss includes costs which are not allocated to the business segments in management’s evaluation of segment performance such as litigation settlement expense, corporate expense and other expenses. Restructuring expenses of $ 0.3 Schedule of Net Revenue, Operating Loss from Continuing Operations and Assets by Segment 2022 2021 Years Ended December 31, 2022 2021 (In millions) Operating income (loss) from continuing operations Asset management business $ (1.3 ) $ (2.0 ) Total segment operating loss (1.3 ) (2.0 ) Corporate and unallocated (1.7 ) (4.2 ) Total operating loss (3.0 ) (6.2 ) Interest expense (0.3 ) (2.0 ) Gain on Chapter 11 reorganization — 20.4 Bank Loan forgiveness — 0.4 Other income (expense), net 0.3 0.4 Income (loss) from continuing operations before income taxes $ (3.0 ) $ 13.0 December 31, December 31, 2022 2021 (In millions) Assets Asset management business $ 13.5 $ 13.2 Total segment assets 13.5 13.2 Corporate and unallocated 1.1 4.0 Total consolidated assets $ 14.6 $ 17.2

Litigation, Commitments and Con

Litigation, Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Litigation, Commitments and Contingencies	Note 13 — Litigation, Commitments and Contingencies Plaintiff Cypress Holdings, III L.P. (“Cypress”) filed an action against GlassBridge Enterprises, Inc. in New York Supreme Court, which was removed to the United States District Court, Southern District of New York, on February 14, 2022, captioned Cypress Holdings, III L.P. v. Sport-BLX, Inc. et al., 1:22-cv-01243-LGS (S.D.N.Y.). In its Second Amended Complaint, Cypress purports to assert claims against SportBLX, Mr. Hall, and Mr. De Perio for securities fraud and related issues and seeks compensatory damages, punitive damages and attorneys’ fees, in connection with solicitations of investments in SportBLX. Cypress also purports to allege that GlassBridge Enterprises, Inc. is liable for unjust enrichment, tortious interference with contract, aiding and abetting a breach of fiduciary duty and minority shareholder oppression. Cypress also purports to assert claims against Messrs. Strauss and Ruchalski for breach of fiduciary duty and corporate waste, as well as additional claims against Clinton Group Inc., Cesar Baez, Christopher Johnson, and Sport-BLX Securities, Inc. arising from solicitations of investments in SportBLX. The matter is presently in the discovery phase and GlassBridge Enterprises, Inc., and Messrs. Strauss and Ruchalski, intend to defend themselves vigorously. As of December 30, 2021, GlassBridge Enterprises, Inc. sold all of its interest in SportBLX and SportBLX ceased to be a subsidiary. Indemnification Obligations In the normal course of business, we periodically enter into agreements that incorporate general indemnification language. Performance under these indemnities would generally be triggered by a breach of terms of the contract or by a supportable third-party claim. There have historically been no material losses related to such indemnifications. As of December 31, 2022, and 2021, estimated liability amounts associated with such indemnifications were not material. Environmental Matters Our legacy business operations and indemnification obligations resulting from our spinoff from 3M Company (“3M”) subject us to liabilities arising from a wide range of federal, state and local environmental laws. For example, from time to time we have received correspondence from 3M notifying us that we may have a duty to defend and indemnify 3M with respect to certain environmental claims such as remediation costs. Environmental remediation costs are accrued when a probable liability has been determined and the amount of such liability has been reasonably estimated. These accruals are reviewed periodically as remediation and investigatory activities proceed and are adjusted accordingly. We did not have any environmental accruals as of December 31, 2022. Compliance with environmental regulations has not had a material adverse effect on our financial results. Operating Leases The Company does not have any long-term lease obligations as of December 31, 2022.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 14 — Related Party Transactions On July 31, 2021, Mr. Hall and Mr. De Perio agreed to accept $ 2,354,736 1,060,264 12,116,718 5,455,782 December 12, 2022 5 12,116,718 5,455,782 Also on July 31, 2021, as part of the settlement of the Stock Purchase Agreement, the Company assigned obligations owed to it from SportBLX, totaling $ 4,176,102 400,000 The net gain on the settlement of the Stock Purchase Agreement and the assignment of obligations to FDC are related party gains, and, as such, were recorded as equity transactions in the Consolidated Balance Sheets, rather than recognized as income in the Consolidated Statements of Operations. On December 30, 2021, the Company completed a series of transactions for the purpose of disposing of its interest in SportBLX, described below: ● On December 21, 2021, SportBLX sold proprietary code to S-BLX Securities, a related party, for $ 225,000 ● On December 24, 2021, SportBLX repurchased $ 1,500,000 126,000 ● Finally, on December 30, 2021, the Company completed the disposition of its entire interest in SportBLX, selling all of its shares to FDC for $ 137,038 The compensation for the Board of Directors of GlassBridge for their board services totaled $ 210,000 425,000 There was no non-wage compensation for the officers of GlassBridge for the years ended December 31, 2022 and 2021, respectively.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 15 — Subsequent Events Management of the Company has performed a review of all events and transactions occurring after the consolidated balance sheet date to determine if there were any such events or transactions requiring adjustment to or disclosure in the accompanying consolidated financial statements, noting that no such events or transactions occurred other than the following item: On March 12, 2023, Signature Bank, New York, NY, with whom the Company holds several accounts, was closed by the New York State Department of Financial Services and the Federal Deposit Insurance Corporation (“FDIC”) was named Receiver. To protect depositors, the FDIC transferred all the deposits and substantially all of the assets of Signature Bank to Signature Bridge Bank, National Association (“Signature Bridge Bank”), a full-service bank operated by the FDIC. Depositors automatically became customers of Signature Bridge Bank and continued to have uninterrupted customer service and access to their funds in the same manner as before. Depositors of the institution were made whole and the Company did not incur any losses as a result of the closure.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates
Foreign Currency	Foreign Currency
Cash Equivalents	Cash Equivalents
Restricted Cash	Restricted Cash no
Investments	Investments
Fair Value Measurements	Fair Value Measurements
Trade Accounts Receivable and Allowances	Trade Accounts Receivable and Allowances
Intangible Assets	Intangible Assets
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets
Restructuring	Restructuring
Revenue Recognition	Revenue Recognition
Income Taxes	Income Taxes We record income taxes using the asset and liability approach. Under this approach, deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the book and tax basis of assets and liabilities. We measure deferred tax assets and liabilities using the enacted statutory tax rates that are expected to apply in the years in which the temporary differences are expected to be recovered or paid. We regularly assess the likelihood that our deferred tax assets will be recovered in the future. In accordance with accounting rules, a valuation allowance is recorded to the extent we conclude a deferred tax asset is not considered to be more-likely-than-not to be realized. We consider all positive and negative evidence related to the realization of the deferred tax assets in assessing the need for a valuation allowance. If we determine it is more-likely-than-not that we will not realize all or part of our deferred tax assets, an adjustment to the deferred tax asset will be charged to earnings in the period such determination is made. Our income tax returns are subject to review by various taxing authorities. As such, we record accruals for items that we believe may be challenged by these taxing authorities. The threshold for recognizing the benefit of a tax return position in the consolidated financial statements is that the position must be more-likely-than-not to be sustained by the taxing authorities based solely on the technical merits of the position. If the recognition threshold is met, the tax benefit is measured and recognized as the largest amount of tax benefit that, in our judgment, is greater than 50 percent likely to be realized.
Treasury Stock	Treasury Stock
Stock-Based Compensation	Stock-Based Compensation The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model. The assumptions used in the valuation model are supported primarily by historical indicators and current market conditions. Expected volatilities are based on historical volatility of our stock and are calculated using the historical weekly close rate for a period of time equal to the expected term. The risk-free rate for the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. We use historical data and management judgment to estimate option exercise and employee termination activity within the valuation model. The expected term of stock options granted is based on historical data and represents the period of time that stock options granted are expected to be outstanding. It is calculated on an aggregated basis and estimated based on an analysis of options already exercised and any foreseeable trends or changes in recipients’ behavior. In determining the expected term, we consider the vesting period of the awards, the contractual term of the awards, historical average holding periods, stock price history, impacts from recent restructuring initiatives and the relative weight for each of these factors. The dividend yield, if applicable, is based on the latest dividend payments made on or announced by the date of the grant. Forfeitures are estimated based on historical experience and current demographics. See Note 9 - Stock-Based Compensation
Income (Loss) per Common Share	Income (Loss) per Common Share Diluted income (loss) per common share is computed on the basis of the weighted average basic shares outstanding plus the dilutive effect of our stock-based compensation plans using the “treasury stock” method. Since the exercise price of our stock options is greater than the average market price of the Company’s common stock for the period, we did not include dilutive common equivalent shares for these instruments in the computation of diluted income (loss) per common share because the effect would be anti-dilutive. See Note 3 - Income (Loss) per Common Share
New Accounting Pronouncements	New Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates (“ASUs”) issued by the Financial Accounting Standards Board (“FASB”). The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the consolidated financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Income (Loss) per Common Share

Income (Loss) per Common Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Computation of Weighted Average Basic and Diluted Income (Loss) Per Share	The following table sets forth the computation of the weighted average basic and diluted income (loss) per share: Schedule of Computation of Weighted Average Basic and Diluted Income (Loss) Per Share 2022 2021 Years Ended December 31, 2022 2021 (In millions, except share and per share amounts) Numerator: Income (loss) from continuing operations $ (3.0 ) $ 13.0 Loss from discontinued operations, net of income taxes — (0.7 ) Gain on sale and deconsolidation of discontinued business, net of income taxes — 16.7 Net income (loss) $ (3.0 ) $ 29.0 Denominator: Weighted average number of shares outstanding during the period - basic and dilutive (in thousands) 26.4 25.4 Income (loss) per common share — basic and diluted: Continuing operations $ (113.64 ) $ 511.81 Discontinued operations — 629.92 Net income (loss) $ (113.64 ) $ 1,141.73

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations	As a result of these transactions, the Company recorded a net gain on the sale and deconsolidation of SportBLX of $16.7 million for the year ended December 31, 2021, the components of which are described in the table below. Schedule of Discontinued Operations (in millions) Sale of proprietary code to S-BLX Securities $ 0.2 Gain on repurchase of SportBLX debt from FDC 1.4 Sale of SportBLX to FDC Proceeds 0.1 Basis in SportBLX 1.3 Goodwill (8.3 ) Non-controlling interest 22.0 Net gain on the sale and deconsolidation of SportBLX $ 16.7
Schedule of Key Components of Discontinued Operations	The key components of the results of discontinued operations were as follows: Schedule of Key Components of Discontinued Operations 2022 2021 For the Years Ended December 31, 2022 2021 (In millions) Net revenue $ — $ — Operating expenses: Selling, general and administrative — 1.1 Restructuring and other — (0.6 ) Total operating expenses — 0.5 Operating loss from discontinued operations — (0.5 ) Other expense: Interest expense — (0.2 ) Total other expense — (0.2 ) Loss from discontinued operations, before income taxes — (0.7 ) Gain on sale and deconsolidation of discontinued business — 16.7 Income tax — — Income (loss) from discontinued operations, net of income taxes $ — $ 16.0

Supplemental Balance Sheet In_2

Supplemental Balance Sheet Information (Tables)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Other Current Liabilities	Other current liabilities (included as a separate line item in our Consolidated Balance Sheets) include the following: Schedule of Other Current Liabilities 2022 2021 December 31, 2022 2021 (In millions) Accrued payroll $ 0.2 $ 0.2 Other current liabilities 0.2 0.2 Total other current liabilities $ 0.4 $ 0.4

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt and Notes Payable	Debt and notes payable consists of the following: Schedule of Debt and Notes Payable 2022 2021 Years Ended December 31, 2022 2021 (In millions) GHI LLC note payable $ 3.7 $ 3.4 Other liabilities 0.2 0.2 Total long term debt $ 3.9 $ 3.6
Schedule of Long-term Debt Maturities	Scheduled maturities of the Company’s long-term debt, as they exist as of December 31, 2022, in each of the next five fiscal years and thereafter are as follows: Schedule of Long-term Debt Maturities Fiscal years ending in (in millions) 2023 $ — 2024 3.9 2025 — 2026 — 2027 — 2028 and thereafter — Total $ 3.9

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-Based Compensation for Continuing Operations	The Company had no stock compensation expense for the years ended December 31, 2022 and 2021. Schedule of Stock-Based Compensation for Continuing Operations
Summary of Stock Option Activity	The following table summarizes our stock option activity: Summary of Stock Option Activity Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding December 31, 2020 1,360 $ 106.00 8.7 Outstanding December 31, 2021 1,360 $ 106.00 7.7 Outstanding December 31, 2022 1,360 $ 106.00 6.7 Exercisable as of December 31, 2022 1,360 $ 106.00 6.7

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Loss from Continuing Operations Before Income Taxes	The components of income (loss) from continuing operations before income taxes were as follows: Schedule of Loss from Continuing Operations Before Income Taxes 2022 2021 Years Ended December 31, 2022 2021 (In millions) U.S. $ (3.0 ) $ 13.0 International — — Total $ (3.0 ) $ 13.0
Schedule of Components of Income Tax Expense (Benefit)	The components of the income tax (provision) benefit from continuing operations were as follows: Schedule of Components of Income Tax Expense (Benefit) 2022 2021 Years Ended December 31, 2022 2021 (In millions) Current Federal $ — $ — International — — Deferred International — — Total $ — $ —
Schedule of Income Tax Rate Reconciliation	The income tax provision differs from the amount computed by applying the statutory United States income tax rate (21 percent) because of the following items: Schedule of Income Tax Rate Reconciliation 2022 2021 Years Ended December 31, 2022 2021 (In millions) Tax at statutory U.S. tax rate $ (0.6 ) $ 6.1 State income taxes, net of federal benefit (0.1 ) 1.2 Net effect of subsidiary deconsolidations – Adara reorganization and SportBLX sale — 67.4 Valuation allowances (9.1 ) (74.7 ) Adjustment prior year tax loss carryover 9.8 — Income tax (provision) benefit $ — $ —
Schedule of Deferred Tax Assets and Liabilities	The components of net deferred tax assets and liabilities were as follows: Schedule of Deferred Tax Assets and Liabilities 2022 2021 As of December 31, 2022 2021 (In millions) Tax credit carryforwards 3.9 4.1 Net operating loss carryforwards 64.3 72.9 Intangible assets and investments 0.3 0.4 Capital losses 35.2 35.5 Other, net 44.4 44.3 Total deferred tax assets 148.1 157.2 Valuation allowance (148.1 ) (157.2 ) Net deferred tax assets — — Unremitted earnings of foreign subsidiaries (0.2 ) (0.2 ) Total deferred tax liabilities (0.2 ) (0.2 ) Valuation allowance — — Total deferred tax liabilities (0.2 ) (0.2 ) Net deferred tax liabilities $ (0.2 ) $ (0.2 )
Schedule of Components of Deferred Tax Balances	The table below shows the components of our deferred tax balances as they are recorded on our Consolidated Balance Sheets: Schedule of Components of Deferred Tax Balances 2022 2021 As of December 31 2022 2021 (In millions) Deferred tax liability - non-current (0.2 ) (0.2 ) Total $ (0.2 ) $ (0.2 )
Schedule of Unrecognized Tax Benefits Reconciliation	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: Schedule of Unrecognized Tax Benefits Reconciliation 2022 2021 (In Millions) Beginning Balance $ 0.2 $ 0.2 Additions: Additions for tax positions of current years — — Additions for tax positions of prior years — — Reductions: Reductions for tax positions of prior years — — Settlements with taxing authorities — — Reductions due to lapse of statute of limitations — — Total 0.2 0.2

Shareholders_ Equity (Tables)

Shareholders’ Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule of Treasury Stock	Schedule of Treasury Stock Treasury Shares Balance as of December 31, 2020 2,927 Purchases — Forfeitures and other — Balance as of December 31, 2021 2,927 Purchases — Forfeitures and other — Balance as of December 31, 2022 2,927

Business Segment Information _2

Business Segment Information and Geographic Data (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Net Revenue, Operating Loss from Continuing Operations and Assets by Segment	Schedule of Net Revenue, Operating Loss from Continuing Operations and Assets by Segment 2022 2021 Years Ended December 31, 2022 2021 (In millions) Operating income (loss) from continuing operations Asset management business $ (1.3 ) $ (2.0 ) Total segment operating loss (1.3 ) (2.0 ) Corporate and unallocated (1.7 ) (4.2 ) Total operating loss (3.0 ) (6.2 ) Interest expense (0.3 ) (2.0 ) Gain on Chapter 11 reorganization — 20.4 Bank Loan forgiveness — 0.4 Other income (expense), net 0.3 0.4 Income (loss) from continuing operations before income taxes $ (3.0 ) $ 13.0 December 31, December 31, 2022 2021 (In millions) Assets Asset management business $ 13.5 $ 13.2 Total segment assets 13.5 13.2 Corporate and unallocated 1.1 4.0 Total consolidated assets $ 14.6 $ 17.2

Background and Basis of Prese_2

Background and Basis of Presentation (Details Narrative) - USD ($)			1 Months Ended	12 Months Ended
	Dec. 30, 2021	Jun. 15, 2021	Jan. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from bankruptcy received					$ 6,594,703
Proceeds from additional distribution				$ 17,909
Remaining bankruptcy				$ 0
Proceeds from sale of equity	$ 137,038
Adara Enterprises Corp [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sale of stock, consideration received on transaction		$ 8,500,000
ESW Loan Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sale of stock, consideration received on transaction			$ 8,500,000
ESW Loan Agreement [Member] | Adara Enterprises Corp [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Debt instrument, face amount			$ 11,000,000
Sale of stock, consideration received on transaction		$ 325,000
SportBLX Purchase Agreement [Member] | ESW Holdings [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Ownership percentage			30%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Restricted cash current	$ 0	$ 0

Schedule of Computation of Weig

Schedule of Computation of Weighted Average Basic and Diluted Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Income (loss) from continuing operations	$ (3)	$ 13
Loss from discontinued operations, net of income taxes		(0.7)
Gain on sale and deconsolidation of discontinued business, net of income taxes		16.7
Net income (loss)	$ (3)	$ 29
Weighted average number of shares outstanding during the period - basic and dilutive (in thousands)	26,400	25,400
Continuing operations	$ (113.64)	$ 511.81
Discontinued operations		629.92
Net income (loss)	$ (113.64)	$ 1,141.73

Income (Loss) per Common Shar_2

Income (Loss) per Common Share (Details Narrative) - shares	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Number of shares outstanding	1,360	1,360	1,360

Schedule of Discontinued Operat

Schedule of Discontinued Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of proprietary code to S-BLX Securities
Gain on repurchase of SportBLX debt from FDC		1.4
Net gain on the sale and deconsolidation of SportBLX		16.7
Sport BLX [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of proprietary code to S-BLX Securities		0.2
Proceeds		0.1
Basis in SportBLX		1.3
Goodwill		(8.3)
Non-controlling interest		$ 22

Schedule of Key Components of D

Schedule of Key Components of Discontinued Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Net revenue
Operating expenses:
Selling, general and administrative		1.1
Restructuring and other		(0.6)
Total operating expenses		0.5
Operating loss from discontinued operations		(0.5)
Interest expense		(0.2)
Total other expense		(0.2)
Loss from discontinued operations, before income taxes		(0.7)
Gain on sale and deconsolidation of discontinued business		16.7
Income tax
Income (loss) from discontinued operations, net of income taxes		$ 16

Discontinued Operations (Detail

Discontinued Operations (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 30, 2021	Dec. 24, 2021	Dec. 21, 2021
Restructuring and other expense	$ 0	$ 300,000
Net cash paid for income taxes	$ 0	0
Noncontrolling Interest [Member]
Restructuring and other expense		$ 600,000
Sport BLX [Member]
Securities purchased under agreements to resell					$ 225,000
Securities purchased under agreements to resell				$ 1,500,000
Fintech Debt Corp [Member]
Securities purchased under agreements to resell			$ 137,038
Securities sold under agreements to resell securities loaned				$ 126,000

Schedule of Other Current Liabi

Schedule of Other Current Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued payroll	$ 0.2	$ 0.2
Other current liabilities	0.2	0.2
Total other current liabilities	$ 0.4	$ 0.4

Supplemental Balance Sheet In_3

Supplemental Balance Sheet Information (Details Narrative) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other current assets	$ 0	$ 0

Arrive Investment (Details Narr

Arrive Investment (Details Narrative) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Investments, All Other Investments [Abstract]
Investment	$ 12.8	$ 12.8
Management fee description	the Company is entitled to receive between 18% and 20% of all general partner consideration on pooled investment vehicles managed by Arrive, whether characterized as management fees or incentive fees.
Other assets	$ 0.5	$ 0.2

Schedule of Debt and Notes Paya

Schedule of Debt and Notes Payable (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Short-Term Debt [Line Items]
Total long term debt	$ 3.9	$ 3.6
GHILLC Note Payable [Member]
Short-Term Debt [Line Items]
Total long term debt	3.7	3.4
Other Liabilities [Member]
Short-Term Debt [Line Items]
Total long term debt	$ 0.2	$ 0.2

Schedule of Long-term Debt Matu

Schedule of Long-term Debt Maturities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
2023
2024	3.9
2025
2026
2027
2028 and thereafter
Total	$ 3.9	$ 3.6

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)	Aug. 06, 2021	Jul. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Debt interest bear percentage		5%
Debt maturity date		Dec. 12, 2022
GHI Loan Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from indebtedness	$ 5,000,000
Debt description	Upon the occurrence of an event of default, the loan bears interest at a rate 5% above of the then-effective interest rate and, at GHI LLC’s option, is payable either in cash or in cash and shares of Company common stock, valued at market, equal to up to 10% of the outstanding principal amount of the loan. A default fee equal to 0.5% of the outstanding principal applies if any default exists for 10 days or more. As of December 31, 2022, we were in compliance with all covenants under the loan.
GHI Loan Agreement [Member] | Gazellek Holdings I, LLC [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Debt instrument, face amount	$ 3,450,000
Debt interest bear percentage	7%
Debt maturity date	Aug. 02, 2024

Restructuring and Other Expen_2

Restructuring and Other Expense (Details Narrative) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Restructuring and Related Activities [Abstract]
Restructuring and other expense	$ 0	$ 0.3
Restructuring expense		$ 0.3

Summary of Stock Option Activit

Summary of Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Payment Arrangement [Abstract]
Stock Options Outstanding	1,360	1,360	1,360
Weighted Average Exercise Price Outstanding	$ 106	$ 106	$ 106
Weighted Average Remaining Contractual Life (Years), Outstanding	6 years 8 months 12 days	7 years 8 months 12 days	8 years 8 months 12 days
Stock Options Exercisable	1,360
Weighted Average Exercise Price Exercisable	$ 106
Weighted Average Remaining Contractual Life (Years), Exercisable	6 years 8 months 12 days

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares outstanding	1,360	1,360	1,360
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures		0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period		0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value	$ 0
Stock compensation expense	$ 0	$ 0
2011 Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares authorized to award	4,671
Number of shares outstanding	1,360
Number of shares available for grant	0

Schedule of Loss from Continuin

Schedule of Loss from Continuing Operations Before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
U.S.	$ (3)	$ 13
International
Income (loss) from continuing operations before income taxes	$ (3)	$ 13

Schedule of Components of Incom

Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Current
Federal
International
Deferred
International
Total

Schedule of Income Tax Rate Rec

Schedule of Income Tax Rate Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Tax at statutory U.S. tax rate	$ (0.6)	$ 6.1
State income taxes, net of federal benefit	(0.1)	1.2
Net effect of subsidiary deconsolidations – Adara reorganization and SportBLX sale		67.4
Valuation allowances	(9.1)	(74.7)
Adjustment prior year tax loss carryover	9.8
Total

Schedule of Deferred Tax Assets

Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Tax credit carryforwards	$ 3.9	$ 4.1
Net operating loss carryforwards	64.3	72.9
Intangible assets and investments	0.3	0.4
Capital losses	35.2	35.5
Other, net	44.4	44.3
Total deferred tax assets	148.1	157.2
Valuation allowance	(148.1)	(157.2)
Net deferred tax assets
Unremitted earnings of foreign subsidiaries	(0.2)	(0.2)
Total deferred tax liabilities	(0.2)	(0.2)
Valuation allowance
Total deferred tax liabilities	(0.2)	(0.2)
Net deferred tax liabilities	$ (0.2)	$ (0.2)

Schedule of Components of Defer

Schedule of Components of Deferred Tax Balances (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Deferred tax liability - non-current	$ (0.2)	$ (0.2)
Net deferred tax liabilities	$ (0.2)	$ (0.2)

Schedule of Unrecognized Tax Be

Schedule of Unrecognized Tax Benefits Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Unrecognized tax benefits, beginning balance	$ 0.2	$ 0.2
Additions for tax positions of current years
Additions for tax positions of prior years
Reductions for tax positions of prior years
Settlements with taxing authorities
Reductions due to lapse of statute of limitations
Unrecognized tax benefits, ending balance	$ 0.2	$ 0.2

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Feb. 28, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2018
Operating Loss Carryforwards [Line Items]
Minimum tax credit refundable				$ 2.2
Income tax refunds	$ 0.6
Net cash paid for income taxes		$ 0	$ 0
Valuation allowance		148.1	$ 157.2
Deferred tax liability valuation allowance		0.2
Operating loss carryforwards		$ 110
Income tax expiry, description		2029
Income tax examination likelihood ownership percentage		This limitation could result if there is a more than 50 percent ownership shift in the GlassBridge shares within a three-year testing period.
Capital Loss Carryforward [Member] | Expire Between 2022 And 2026 [Member]
Operating Loss Carryforwards [Line Items]
Tax credit carryforward amount		$ 140.8
General Business Tax Credit Carryforward [Member] | Expire Between 2024 and 2032 [Member]
Operating Loss Carryforwards [Line Items]
Tax credit carryforward amount		$ 3.6
Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards [Line Items]
Income tax examination, description		The Company’s $142.1 million in federal net operating loss carryforwards generated through 2017 continue to be subject to historical tax rules that allow carryforward for 20 years from origin, with the ability to offset 100 percent of future taxable income. Subsequent year tax losses have an indefinite life.
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards		$ 270.5

Schedule of Treasury Stock (Det

Schedule of Treasury Stock (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Treasury shares, beginning balance	2,927	2,927
Purchases
Forfeitures and other
Treasury shares, ending balance	2,927	2,927

Shareholders_ Equity (Details N

Shareholders’ Equity (Details Narrative) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
	Nov. 14, 2016	Dec. 31, 2022	Dec. 31, 2021	Dec. 01, 2021	Nov. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, par value		$ 0.01	$ 0.01
Amount in excess of common stock outstanding percentage				0.50%
382 Rights Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Percentage transfer threshold assets, cashflow, and earning power		50%
Ownership percentage for board of exchange rights		50%
Right redemption price		$ 0.001
382 Rights Agreement [Member] | Series A Participating Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, par value				$ 0.01
Price per share				$ 1,000
382 Rights Agreement [Member] | Wells Fargo Bank, N.A [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Ownership percentage				4.90%	4.90%
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Purchase of treasury stock	780
Purchase of treasury stock, value	$ 0.3
Additional number of shares authorized to repurchased			1,720
Average price per share of treasury stock acquired		$ 8,496.47
Treasury Stock [Member] | Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares authorized to repurchased	2,500

Schedule of Net Revenue, Operat

Schedule of Net Revenue, Operating Loss from Continuing Operations and Assets by Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating income (loss) from continuing operations
Total operating loss	$ (3)	$ (6.2)
Interest expense	(0.3)	(2)
Gain on Chapter 11 reorganization		20.4
Bank Loan forgiveness		0.4
Other income (expense), net	0.3	0.4
Income (loss) from continuing operations before income taxes	(3)	13
Total consolidated assets	14.6	17.2
Operating Segments [Member]
Operating income (loss) from continuing operations
Total operating loss	(1.3)	(2)
Total consolidated assets	13.5	13.2
Corporate, Non-Segment [Member]
Operating income (loss) from continuing operations
Total operating loss	(1.7)	(4.2)
Total consolidated assets	1.1	4
Asset Management Income [Member]
Operating income (loss) from continuing operations
Total operating loss	(1.3)	(2)
Total consolidated assets	$ 13.5	$ 13.2

Business Segment Information _3

Business Segment Information and Geographic Data (Details Narrative) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Segment Reporting [Abstract]
Restructuring expenses	$ 0.3

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)			12 Months Ended
	Dec. 30, 2021	Jul. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 24, 2021	Dec. 21, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Long term debt			$ 3,900,000	$ 3,600,000
Debt instrument, maturity date		Dec. 12, 2022
Debt interest bear percentage		5%
Obligations paid				100,000
Sport BLX [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Sale of proprietary securities						$ 225,000
Repurchase of securities					$ 1,500,000
Disposition interest	$ 137,038
Fintech Debt Corp [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Business combination, consideration transferred		$ 4,176,102
Repurchase of debt securities					$ 126,000
George E. Hall [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Proceeds from related party		2,354,736
Long term debt		12,116,718
Obligations paid		12,116,718
Business combination, consideration transferred		400,000
Joseph A. De Perio [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Proceeds from related party		1,060,264
Long term debt		5,455,782
Obligations paid		5,455,782
Business combination, consideration transferred		$ 400,000
Board of Directors [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Compensation services amount			$ 210,000	$ 425,000