Sow Good (SOWG) 10-Q 13 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 10, 2019
Document And Entity Information
Entity Registrant Name	Black Ridge Oil & Gas, Inc.
Entity Central Index Key	0001490161
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity's Reporting Status Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		479,844,900
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 826,525	$ 1,503,500
Accounts receivable	77	13
Prepaid expenses	100,401	53,935
Total current assets	927,003	1,557,448
Property and equipment:
Property and equipment	128,965	128,156
Less accumulated depreciation	(127,374)	(126,931)
Total property and equipment, net	1,591	1,225
Restricted cash and investments held in trust	142,027,742	141,307,307
Total assets	142,956,336	142,865,980
Current liabilities:
Accounts payable	105,906	180,452
Accrued expenses	24,371	5,691
Income tax payable	657,989	472,770
Deferred taxes	1,798	438
Total current liabilities	790,064	659,351
Total liabilities	790,064	659,351
Commitments and contingencies
Redeemable non-controlling interest	141,341,003	140,738,954
Stockholders' equity:
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $0.001 par value, 500,000,000 shares authorized, 479,844,900 shares issued and outstanding	479,845	479,845
Additional paid-in capital	36,503,663	36,475,732
Accumulated deficit	(36,158,239)	(35,487,902)
Total stockholders' equity	825,269	1,467,675
Total liabilities, redeemable non-controlling interest and stockholders' equity	$ 142,956,336	$ 142,865,980

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Stockholders' equity:
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	479,844,900	479,844,900
Common stock, shares outstanding	479,844,900	479,844,900

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS( Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Total revenues	$ 0	$ 0
Operating expenses:
Salaries and benefits	318,110	319,740
Stock compensation	27,931	85,833
Professional services	101,060	84,942
Other general and administrative expenses	250,284	151,881
Total general and administrative expenses	697,385	642,396
Depreciation and amortization	443	2,558
Total operating expenses	697,828	644,954
Net operating loss	(697,828)	(644,954)
Other income (expense):
Interest income	811,335	417,712
Unrealized gain on marketable securities held in Trust Account	4,733	57,914
Loss on disposal of property and equipment	0	0
Other income	51	171
Total other income (expense)	816,119	475,797
Gain (loss) before provision for income taxes	118,291	(169,157)
Provision for income taxes	186,579	94,667
Net loss	(68,288)	(263,824)
Less net income attributable to redeemable non-controlling interest	(602,049)	(369,205)
Net loss attributable to Black Ridge Oil & Gas, Inc.	$ (670,337)	$ (633,029)
Weighted average common shares outstanding - basic and fully diluted	479,844,900	479,799,900
Net loss per common share - basic and fully diluted	$ 0	$ 0
Management Fee Income [Member]
Total revenues	$ 0	$ 0

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Common Stock	Additional Paid-In Capital	Retained Earnings	Total
Beginning balance, shares at Dec. 31, 2017	479,799,900
Beginning balance, value at Dec. 31, 2017	$ 479,800	$ 36,164,596	$ (35,143,888)	$ 1,500,508
Common stock options granted for services to employees and directors		85,833		85,833
Net income			(633,029)	(633,029)
Ending balance, shares at Mar. 31, 2018	479,799,900
Ending balance, value at Mar. 31, 2018	$ 479,800	36,250,429	(35,776,917)	953,312
Beginning balance, shares at Dec. 31, 2018	479,844,900
Beginning balance, value at Dec. 31, 2018	$ 479,845	36,475,732	(35,487,902)	1,467,675
Common stock options granted for services to employees and directors		27,931		27,931
Net income			(670,337)	(670,337)
Ending balance, shares at Mar. 31, 2019	479,844,900
Ending balance, value at Mar. 31, 2019	$ 479,845	$ 36,503,663	$ (36,158,239)	$ 825,269

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss attributable to Black Ridge Oil & Gas, Inc.	$ (670,337)	$ (633,029)
Adjustments to reconcile net loss attributed to Black Ridge Oil & Gas, Inc. to net cash used in operating activities:
Interest income	(811,335)	(417,712)
Unrealized gain on marketable securities held in Trust Account	(4,733)	(57,914)
Net income attributable to redeemable non-controlling interest	602,049	369,205
Depreciation and amortization	443	2,558
Common stock options issued to employees and directors	27,931	85,833
Deferred taxes	1,360	16,646
Decrease (increase) in current assets:
Accounts receivable	(64)	1,041
Prepaid expenses	(46,466)	(25,667)
Increase (decrease) in current liabilities:
Accounts payable	(74,546)	65,549
Accrued expenses	18,680	14,519
Income taxes payable	185,219	78,021
Net cash used in operating activities	(771,799)	(500,950)
CASH FLOWS FROM INVESTING ACTIVITIES
Withdrawal from Trust Account to pay for taxes and franchise fees	95,633	0
Purchase of property and equipment	(809)	0
Net cash provided by investing activities	94,824	0
CASH FLOWS FROM FINANCING ACTIVITIES
Net cash provided by financing activities	0	0
NET CHANGE IN CASH	(676,975)	(500,950)
CASH AT BEGINNING OF PERIOD	1,503,500	1,477,089
CASH AT END OF PERIOD	826,525	976,139
SUPPLEMENTAL INFORMATION:
Interest paid	0	0
Income taxes paid	$ 0	$ 0

1. Organization and Nature of B

1. Organization and Nature of Business	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Business	Note 1 – Organization and Nature of Business Effective April 2, 2012, Ante5, Inc. changed its corporate name to Black Ridge Oil & Gas, Inc., and continues to be quoted on the OTCQB under the trading symbol “ANFC”. Black Ridge Oil & Gas, Inc. (formerly Ante5, Inc.) (the “Company”) became an independent company in April 2010. We became a publicly traded company when our shares began trading on July 1, 2010. Since October 2010, we had been engaged in the business of acquiring oil and gas leases and participating in the drilling of wells in the Bakken and Three Forks trends in North Dakota and Montana. The Company is focused on acquiring, investing in, and managing the oil and gas assets for our partners. We continue to pursue asset acquisitions in all major onshore unconventional shale formations that may be acquired with capital from our existing joint venture partners or other capital providers. On September 26, 2017, the Company finalized an equity raise utilizing a rights offering and backstop agreement, raising net proceeds of $5,051,675 and issuing 431,819,910 shares. The proceeds were used to sponsor the Company’s obligations sponsoring a special purpose acquisition company, discussed below, with the remainder for general corporate purposes. On October 10, 2017, the Company’s sponsored special purpose acquisition company, Black Ridge Acquisition Corp. (“BRAC”), completed an initial public offering (“IPO”) raising $138,000,000 of gross proceeds (including proceeds from the exercise of an over-allotment option by the underwriters on October 18, 2017). In addition, the Company purchased 445,000 BRAC units at $10.00 per unit in a private placement transaction for a total contribution of $4,450,000 in order to fulfill its obligations in sponsoring BRAC.

2. Basis of Presentation and Si

2. Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Note 2 – Basis of Presentation and Significant Accounting Policies The interim condensed consolidated financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to not make the information presented misleading. These statements reflect all adjustments, which in the opinion of management, are necessary for fair presentation of the information contained therein. Except as otherwise disclosed, all such adjustments are of a normal recurring nature. It is suggested that these interim condensed financial statements be read in conjunction with the audited financial statements for the year ended December 31, 2018, which were included in our Annual Report on Form 10-K. The Company follows the same accounting policies in the preparation of interim reports. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the following entities: Name of entity State of Incorporation Relationship Black Ridge Oil and Gas, Inc. Nevada Parent Black Ridge Acquisition Corp. Delaware Subsidiary (1) (1) The Company has determined that BRAC, following its IPO, is a variable interest entity (“VIE”) and that the Company is the primary beneficiary of the VIE. The Company determined that, due to the redemption feature associated with the IPO shares, that the IPO shareholders are indirectly protected from the operating expenses of BRAC and it has the power to direct the activities of BRAC through the date at which BRAC affords the stockholders the opportunity to vote to approve a proposed business combination. Therefore, these consolidated financial statements herein contain the operations of BRAC from its inception on May 9, 2017. BRAC’s IPO shareholders are reflected in our Consolidated Financial Statements as a non-controlling interest. The non-controlling interest was recorded at fair value on October 10, 2017, with an addition on October 18, 2017 as a result of the underwriters’ exercise of their over-allotment option. All significant inter-company transactions have been eliminated in the preparation of these financial statements. The parent company, Black Ridge Oil & Gas, Inc. and Black Ridge Acquisition Corp. will be collectively referred to herein as the “Company” or “Black Ridge”. The Company’s headquarters is in Minneapolis, Minnesota and substantially all of its operations are in the United States. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Environmental Liabilities The Company was formerly a direct owner of assets in the oil and gas industry. The oil and gas industry is subject, by its nature, to environmental hazards and clean-up costs. At this time, management knows of no substantial losses from environmental accidents or events which would have a material effect on the Company. Cash and Cash Equivalents Cash equivalents include money market accounts which have maturities of three months or less. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. Cash equivalents are stated at cost plus accrued interest, which approximates market value. Cash equivalents on hand at March 31, 2019 and December 31, 2018 were $638,654 and $2,312, respectively, all held within the trust account. Restricted cash and securities held in Trust Account The Company had $638,654 of cash equivalents and $141,389,088 of marketable securities on March 31, 2019 and $2,312 of cash equivalents and $141,304,995 of marketable securities on December 31, 2018 held in the Trust Account which is restricted for the benefit of the BRAC’s IPO shareholders to be available for those shareholders in the event they elect to redeem their shares following an approved business combination or upon the dissolution of BRAC. Cash in Excess of FDIC Insured Limits The Company maintains its cash in bank deposit accounts which, at times, may exceed federally insured limits. Accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) and the Securities Investor Protection Corporation (SIPC) up to $250,000 and $500,000, respectively, under current regulations. The Company had approximately $520,305 and $1,119,770 in excess of FDIC and SIPC insured limits at March 31, 2019 and December 31, 2018, respectively. The Company has not experienced any losses in such accounts. Income Taxes The Company recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. The Company provides a valuation allowance for deferred tax assets for which it does not consider realization of such assets to be more likely than not. Basic and Diluted Loss Per Share The basic net loss per share is computed by dividing the net loss (the numerator) by the weighted average number of common shares outstanding for the period (the denominator). Diluted net loss per common share is computed by dividing the net loss by the weighted average number of common shares and potential common shares outstanding (if dilutive) during each period. Potential common shares include stock options, warrants and restricted stock. The number of potential common shares outstanding relating to stock options, warrants and restricted stock is computed using the treasury stock method. For the periods presented, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share. Fair Value of Financial Instruments Under FASB ASC 820-10-05, the Financial Accounting Standards Board establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash, accounts payable and accrued expenses reported on the balance sheets are estimated by management to approximate fair value primarily due to the short term nature of the instruments. The Company had no items that required fair value measurement on a recurring basis. Property and Equipment Property and equipment that are not oil and gas properties are recorded at cost and depreciated using the straight-line method over their estimated useful lives of three to seven years. Expenditures for replacements, renewals, and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Long-lived assets, other than oil and gas properties, are evaluated for impairment to determine if current circumstances and market conditions indicate the carrying amount may not be recoverable. The Company has not recognized any impairment losses on non-oil and gas long-lived assets. Depreciation expense was $443 and $2,558 for the three months ended March 31, 2019 and 2018, respectively. Revenue Recognition The Company recognizes management fee income as services are provided. Stock-Based Compensation The Company adopted FASB guidance on stock based compensation upon inception at April 9, 2010. Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, are recognized in the income statement based on their fair values. Expense related to common stock and stock options issued for services and compensation totaled $27,931 and $85,833 for the three months ended March 31, 2019 and 2018, respectively, using the Black-Scholes options pricing model and an effective term of 6 to 6.5 years based on the weighted average of the vesting periods and the stated term of the option grants and the discount rate on 5 to 7 year U.S. Treasury securities at the grant date. Uncertain Tax Positions Effective upon inception at April 9, 2010, the Company adopted standards for accounting for uncertainty in income taxes. These standards prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. These standards also provide guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Various taxing authorities may periodically audit the Company’s income tax returns. These audits include questions regarding the Company’s tax filing positions, including the timing and amount of deductions and the allocation of income to various tax jurisdictions. In evaluating the exposures connected with these various tax filing positions, including state and local taxes, the Company records allowances for probable exposures. A number of years may elapse before a particular matter, for which an allowance has been established, is audited and fully resolved. Black Ridge Oil & Gas, Inc. has not yet undergone an examination by any taxing authorities. The assessment of the Company’s tax position relies on the judgment of management to estimate the exposures associated with the Company’s various filing positions. Recent Accounting Pronouncements New accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”) that are adopted by the Company as of the specified effective date. If not discussed below, management believes there have been no developments to recently issued accounting standards, including expected dates of adoption and estimated effects on our financial statements, from those disclosed in our Annual Report on Form 10-K for the year ended December 31, 2018. In July 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases

3. Going Concern

3. Going Concern	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	Note 3 – Going Concern As shown in the accompanying financial statements, as of March 31, 2019, the Company had an unrestricted cash balance of $826,525 and total working capital of $136,939. Liabilities including current income taxes and franchise fees of BRAC totaling $686,789 may be paid out of the Trust Account Assets. The Company has no revenue source presently. Based on projections of cash expenditures in the Company’s current business plan, the cash on hand would be insufficient to fund the Company’s general and administrative expenses over the next year. The Company continues to pursue sources of additional capital through various management fee agreements and financing transactions or arrangements, including joint venturing of projects, equity financing or other means. We may not be successful in identifying suitable funding transactions in a sufficient time period or at all, and we may not obtain the capital we require by other means. If we do not succeed in raising additional capital, our resources may not be sufficient to fund our business. The financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company’s ability to continue as a going concern. These financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

4. Rights Offering and Formatio

4. Rights Offering and Formation of Black Ridge Acquisition Corp.	3 Months Ended
	Mar. 31, 2019
Rights Offering And Formation Of Black Ridge Acquisition Corp.
Rights Offering and Formation of Black Ridge Acquisition Corp.	Note 4 – Rights Offering and Formation of Black Ridge Acquisition Corp. The Company filed a Registration Statement on Form S-1 (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) to register the issuance of 431,819,910 shares of common stock in the Rights Offering that was declared effective by the SEC on August 3, 2017. Pursuant to the Rights Offering, the Company distributed, on a pro rata basis, one right for each share of common stock owned by shareholders on August 2, 2017 (the “Record Date”). Each right permitted a shareholder to purchase up to nine shares of common stock at a subscription price of $0.012 per share. The Rights Offering expired on September 8, 2017 (the “Expiration Date”). In connection with the Rights Offering, the Company also entered into a Standby Purchase Agreement (the “Backstop Agreement”) with a consortium of investors, including members of the Company’s board of directors and our Chief Executive Officer (collectively, the “Backstop Purchasers”), who agree to purchase up to $2.9 million of the unsubscribed shares following the completion of the rights offering. On September 26, 2017, the Company completed the Rights Offering, raising gross proceeds of $5,181,839 and issued 431,819,910 shares in connection with the exercise of rights in connection with the Rights Offering and related Backstop Agreement. Under the Rights Offering the Company’s current shareholders exercised rights to purchase 199,811,421 shares of stock for a total of $2,397,737. Under the Backstop Agreement, the Backstop Purchasers purchased 232,008,489 shares of stock for a total of $2,784,102. Additionally, as part of the Backstop agreement, the Company issued 435,000 warrants to purchase its common stock at $0.01 to participants in the Backstop Agreement. The warrants fair value was estimated to be $10,135. Officers and directors of the Company purchased 173,843,308 shares between the Rights Offering and as participants of the Backstop Agreement for $2,086,120 and received 179,376 warrants to purchase shares of common stock at $0.01 per share for their participation in the Backstop Agreement. The remaining 257,976,602 shares were purchased by non-related parties for proceeds of $2,965,555. The warrants issued to related parties fair value was estimated to be $4,179. The Company incurred $130,164 in costs associated with raising capital, which has been netted against stockholders’ equity. On October 10, 2017 and October 18, 2017, in connection with the underwriter exercising its over-allotment option, the Company used $4,450,000 of the net proceeds of the Rights Offering to fulfill its obligation as sponsor of BRAC, as part of BRAC’s IPO. BRAC was formed on May 9, 2017 with the purpose of becoming the special acquisition company as a wholly owned subsidiary of the Company with an initial equity contribution of $25,000. After the IPO, the Company retained ownership of 22% of BRAC’s common stock. The remaining proceeds from the Rights Offering following the sponsorship are being used for general corporate purposes.

5. BRAC's IPO, Consolidation of

5. BRAC's IPO, Consolidation of BRAC and Non-controlling Interest	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
BRAC's IPO, Consolidation of BRAC and Non-controlling Interest	Note 5 – BRAC’s IPO, Consolidation of BRAC and Non-controlling Interest BRAC’s IPO The registration statement for the BRAC’s IPO was declared effective on October 4, 2017. The registration statement was initially declared effective for 10,000,000 units (“Units” and, with respect to the common stock included in the Units being offered, the “Public Shares”), but the offering was increased to 12,000,000 Units pursuant to Rule 462(b) under the Securities Act of 1933, as amended. On October 10, 2017, the Company consummated the Initial Public Offering of 12,000,000 units, generating gross proceeds of $120,000,000. Simultaneous with the closing of the Initial Public Offering, BRAC sold 400,000 units (the “Placement Units”) at a price of $10.00 per Unit in a private placement to BROG, generating gross proceeds of $4,000,000. BROG’s investment in BRAC’s common stock is eliminated in consolidation. Transaction costs relating to the IPO amounted to $2,882,226, consisting of $2,400,000 of underwriting fees and $482,226 of other costs. Following the closing of the IPO on October 10, 2017, an amount of $120,600,000 ($10.05 per Unit) from the net proceeds of the sale of the Units in the IPO and the Placement Units was placed in a trust account (“Trust Account”) and is invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 180 days or less or in any open-ended investment company that holds itself out as a money market fund selected by the Company meeting the conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the consummation of a Business Combination or (ii) the distribution of the Trust Account, as described below. On October 18, 2017, in connection with the underwriters’ exercise of their over-allotment option in full, BRAC sold an additional 1,800,000 Units and sold an additional 45,000 Placement Units to BROG at $10.00 per Unit, generating total proceeds of $18,450,000. Transaction costs for underwriting fees on the sale of the over-allotment units were $360,000. Following the closing, an additional $18,090,000 of the net proceeds ($10.05 per Unit) was placed in the Trust Account, bringing the total aggregate proceeds held in the Trust Account to $138,690,000 ($10.05 per Unit). BROG’s investment in BRAC’s common stock is eliminated in consolidation. BRAC’s management has broad discretion with respect to the specific application of the net proceeds of the IPO and private placement, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the BRAC will be able to complete a Business Combination successfully. Upon the closing of the IPO, $10.05 per Unit sold in the IPO, including some of the proceeds of the Private Placements was deposited in a trust account (“Trust Account”) to be held until the earlier of (i) the consummation of its initial Business Combination or (ii) BRAC’s failure to consummate a Business Combination within 21 months from the consummation of the IPO (the “Combination Period”). Placing funds in the Trust Account may not protect those funds from third party claims against BRAC. Although BRAC will seek to have all vendors, service providers, prospective target businesses or other entities it engages, execute agreements with BRAC waiving any claim of any kind in or to any monies held in the Trust Account, there is no guarantee that such persons will execute such agreements. The Trust Account is maintained by a third party trustee. The remaining net proceeds (not held in the Trust Account) may be used to pay for business, legal and accounting due diligence on prospective acquisitions and continuing general and administrative expenses. Additionally, the interest earned on the Trust Account balance may be released to BRAC for any amounts that are necessary to pay BRAC’s income and other tax obligations and up to $50,000 that may be used to pay for the costs of liquidating BRAC. BROG has agreed that it will be liable to ensure that the proceeds in the Trust Account are not reduced below $10.05 per share by the claims of target businesses or claims of vendors or other entities that are owed money by BRAC for services rendered or contracted for or products sold to BRAC, but there is no assurance that BROG will be able to satisfy its indemnification obligations if it is required to do so. Additionally, the agreement entered into by BROG specifically provides for two exceptions to the indemnity it has given: it will have no liability (1) as to any claimed amounts owed to a target business or vendor or other entity who has executed an agreement with BRAC waiving any right, title, interest or claim of any kind they may have in or to any monies held in the Trust Account, or (2) as to any claims for indemnification by the underwriters of the IPO against certain liabilities, including liabilities under the Securities Act of 1933, as amended. Initial Business Combination Pursuant to the Nasdaq Capital Markets listing rules, BRAC’s initial Business Combination must be with a target business or businesses whose collective fair market value is at least equal to 80% of the balance in the Trust Account at the time of the execution of a definitive agreement for such Business Combination, although this may entail simultaneous acquisitions of several target businesses. The fair market value of the target will be determined by BRAC’s board of directors based upon one or more standards generally accepted by the financial community (such as actual and potential sales, earnings, cash flow and/or book value). The target business or businesses that BRAC acquires may have a collective fair market value substantially in excess of 80% of the Trust Account balance. In order to consummate such a Business Combination, BRAC may issue a significant amount of its debt or equity securities to the sellers of such business and/or seek to raise additional funds through a private offering of debt or equity securities. If BRAC’s securities are not listed on NASDAQ after the IPO, BRAC would not be required to satisfy the 80% requirement. However, BRAC intends to satisfy the 80% requirement even if BRAC’s securities are not listed on NASDAQ at the time of the initial Business Combination. BRAC will provide the public stockholders, who are the holders of the common stock which was sold as part of the Units in the IPO, whether they are purchased in the IPO or in the aftermarket, or “Public Shares”, including BROG to the extent that it purchases such Public Shares (“Public Stockholders”), with an opportunity to redeem all or a portion of their Public Shares of BRAC’s Common stock, irrespective of whether they vote for or against the proposed transaction or if BRAC conducts a tender offer, upon the completion of the initial Business Combination either (1) in connection with a stockholder meeting called to approve the Business Combination, or (ii) by means of a tender offer, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest (net of franchise and income taxes payable, divided by the number of then outstanding Public Shares. The amount in the Trust Account, net of franchise and income taxes payable, currently amounts to $10.24 per Public Share. BRAC will proceed with a Business Combination only if BRAC has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and in the case of a stockholder vote, a majority of the outstanding shares voted are voted in favor of the Business Combination. The decision as to whether BRAC will seek stockholder approval of a proposed Business Combination or conduct a tender offer will be made by BRAC, solely in its discretion, based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise require it to seek stockholder approval under the law or stock exchange listing requirement. If a stockholder vote is not required and BRAC decides not to hold a stockholder vote for business or other legal reasons, BRAC will, pursuant to the proposed amended and restated certificate of incorporation, (i) conduct the redemptions pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, which regulate issuer tender offers, and (ii) file tender offer documents with the SEC prior to completing the initial Business Combination which contain substantially the same financial and other information about the initial Business Combination and the redemption rights as is required under Regulation 14A of the Exchange Act, which regulates the solicitation of proxies. BROG has agreed to vote its Founder Shares and any Public Shares purchased during or after the IPO in favor of the initial Business Combination, and BRAC’s executive officers and directors have also agreed to vote any Public Shares purchased during or after the IPO in favor of the Initial Business Combination. BROG entered into a letter agreement, pursuant to which it agreed to waive its redemption rights with respect to the Founder Shares, shares included in the Placement Units and Public Shares in connection with the completion of the initial Business Combination. In addition, BROG has agreed to waive its rights to liquidating distributions from the Trust Account with respect to the Founder Shares and shares included in the Placement Units if BRAC fails to complete the initial Business Combination within the prescribed time frame. However, if BROG (or any of BRAC’s executive officers, directors or affiliates) acquires Public Shares in or after the IPO, it will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares in the event BRAC does not complete the initial Business Combination within such applicable time period. Proposed Business Combination On December 19, 2018, BRAC entered into a business combination agreement (the “Business Combination Agreement”) with Allied Esports Entertainment, Inc. (“Allied Esports”), Ourgame International Holdings Ltd. (“Ourgame”), Noble Link Global Limited, a wholly-owned subsidiary of Ourgame (“Noble”), and Primo Vital Ltd., also a wholly-owned subsidiary of Ourgame (“Primo”), pursuant to which BRAC will acquire two of Ourgame’s global esports and entertainment assets, Allied Esports International, Inc. (“Allied Esports”) and WPT Enterprises, Inc. (“WPT”) . See Note 16. Failure to Consummate a Business Combination If BRAC is unable to complete the initial Business Combination within the Combination Period, BRAC must: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of franchise fees and income taxes payable divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of BRAC’s remaining stockholders and BRAC’s Board of Directors, dissolve and liquidate, subject in the case of clauses (ii) and (iii) to BRAC’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. Consolidation of BRAC and Non-controlling Interest The Company has determined that BRAC, following its IPO, is a VIE and that the Company is the primary beneficiary of the VIE. The Company determined that, due to the redemption feature associated with the IPO shares, that the IPO shareholders are indirectly protected from the operating expenses of BRAC and BROG has the power to direct the activities of BRAC through the date at which BRAC affords the stockholders the opportunity to vote to approve a proposed business combination. Therefore, these consolidated financial statements contain the operations of the BRAC from its inception on May 9, 2017. BRAC’s IPO shareholders are reflected in our Consolidated Financial Statements as a redeemable non-controlling interest. The non-controlling interest was recorded at fair value on October 10, 2017, with an addition on October 18, 2017 as a result of the underwriters’ exercise of their over-allotment option. The net earnings attributable to the IPO shareholders are subtracted from the net gain (loss) for any period to arrive at the net loss attributable to the Company and the non-controlling interest on the balance sheet is adjusted to include the net earnings attributable to the IPO shareholders. Intercompany transactions and eliminations BROG is paid a management fee by BRAC of $10,000 per month as part of an administrative services agreement, which commenced October 5, 2017, for general and administrative services including the cost of office space and personnel dedicated to BRAC. BROG is reimbursed for any out-of-pocket expenses, particularly travel, incurred in connection with activities on BRAC’s behalf, including but not limited to identifying potential target businesses and performing due diligence on suitable business combinations. There is no cap or ceiling on the reimbursement of out-of-pocket expenses incurred by BRAC. BRAC paid a total of $30,000 to BROG for such services for the three months ended March 31, 2019. The management services income of BROG and the management services expense of BRAC as well as any balances due between the companies for such services or reimbursements were eliminated in consolidation.

6. Prepaid Expenses

6. Prepaid Expenses	3 Months Ended
	Mar. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses	Note 6 – Prepaid Expenses Prepaid expenses consist of the following: March 31, December 31, 2019 2018 Prepaid insurance costs $ 14,461 $ 28,751 Prepaid employee benefits 11,822 11,865 Prepaid office and other costs 74,118 13,319 Total prepaid expenses $ 100,401 $ 53,935

7. Property and Equipment

7. Property and Equipment	3 Months Ended
	Mar. 31, 2019
Property and equipment:
Property and Equipment	Note 7 – Property and Equipment Property and equipment at March 31, 2019 and December 31, 2018, consisted of the following: March 31, December 31, 2019 2018 Property and equipment $ 128,965 $ 128,156 Less: Accumulated depreciation and amortization (127,374 ) (126,931 ) Total property and equipment, net $ 1,591 $ 1,225 The Company recognized depreciation expense of $443 and $2,558 for the three month periods ended March 31, 2019 and 2018, respectively.

8. Related Party Transactions

8. Related Party Transactions	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Note 8 – Related Party Transactions On March 1, 2018, the Board of Directors (the “Board”) of the Company approved and adopted the Black Ridge Gas, Inc. 2018 Management Incentive Plan (the “Plan”) and the form of 2018 Management Incentive Plan Award Agreement (the “Award Agreement”). In connection with the approval of the Plan and Award Agreement, the Board approved the issuance of awards (the “Awards”) to certain individuals including officers and directors (the “Grantees”), representing a percentage of the shares of BRAC held by the Company as of the date of closing of a business combination for the acquisition of a target business as described in the BRAC prospectus dated October 4, 2017, as follows: Percentage of BRAC Shares Owned by the Name Company Granted to the Grantee Bradley Berman 1.6% Lyle Berman 1.6% Benjamin Oehler 1.6% Joe Lahti 1.6% Kenneth DeCubellis 4.0% Michael Eisele 2.8% James Moe 2.1% The Company currently owns 3,895,000 shares of BRAC common stock and has rights to an additional 44,500 shares that would be issued on the date of the closing of a business combination. The actual number of shares of BRAC stock granted to the Grantees will be determined on the date of closing of a business combination and will be issued one year from that date. The Company will recognize no expense related to the Awards until a business combination is probable. The Company has recognized no expense related to the plan as the grant of shares is contingent on a future event. BRAC Loans In order to finance transaction costs in connection with an intended initial business combination, BROG, and its officers, directors or their affiliates may, but are not obligated to, loan BRAC funds as may be required. If BRAC consummates an initial business combination, BRAC would repay such loaned amounts. In the event that the initial business combination does not close, BRAC may use a portion of the working capital held outside the trust account to repay such loaned amounts, but no proceeds from BRAC’s trust account would be used for such repayment. Up to $1,500,000 of such loans may be convertible into units of the post business combination entity at a price of $10.00 per unit at the option of the lender. The units would be identical to the Placement Units. As of March 31, 2019, BROG has loaned BRAC, in the form of a convertible promissory notes, an aggregate $650,000 to cover expenses related to a proposed business combination. The notes are unsecured, non-interest bearing and payable at the consummation by BRAC of a merger, share exchange, asset acquisition, or other similar business combination, with one or more businesses or entities (a “Business Combination”). Upon consummation of a Business Combination, the principal balance of the notes may be converted, at BROG’s option, to units at a price of $10.00 per unit. The terms of the units are identical to the units issued by BRAC in its initial public offering, except the warrants included in such units will be non-redeemable and may be exercised on a cashless basis, in each case so long as they continue to be held by BROG or its permitted transferees. If BROG converts the entire principal balance of the convertible promissory note, it would receive 65,000 units. If a Business Combination is not consummated, the notes will not be repaid by BRAC and all amounts owed thereunder by BRAC will be forgiven except to the extent that BRAC has funds available to it outside of its trust account established in connection with the initial public offering. The issuance of the notes was exempt pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.

9. Fair Value of Financial Inst

9. Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 9 – Fair Value of Financial Instruments The Company adopted FASB ASC 820-10 upon inception at April 9, 2010. Under FASB ASC 820-10-5, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The standard outlines a valuation framework and creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures. Under GAAP, certain assets and liabilities must be measured at fair value, and FASB ASC 820-10-50 details the disclosures that are required for items measured at fair value. The Company had revolving credit facilities that must be measured under the new fair value standard. The Company’s financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows: Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability. The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of March 31, 2019 and December 31, 2018: Fair Value Measurements at March 31, 2019 Level 1 Level 2 Level 3 Assets Restricted cash and investments held in trust $ 142,027,742 $ – $ – Cash and cash equivalents 826,525 – – Total assets 142,854,267 – – Liabilities – – – Total liabilities – – – $ 142,854,267 $ – $ – Fair Value Measurements at December 31, 2018 Level 1 Level 2 Level 3 Assets Restricted cash and investments held in trust $ 141,307,307 Cash and cash equivalents 1,503,500 $ – $ – Total assets 142,810,807 – – Liabilities – – – Total liabilities – – – $ 142,810,807 $ – $ – There were no transfers of financial assets or liabilities between Level 1 and Level 2 inputs for the three months ended March 31, 2019.

10. Stockholders' Equity

10. Stockholders' Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Stockholders' Equity	Note 10 – Stockholders’ Equity Preferred Stock The Company has 20,000,000 authorized shares of $0.001 par value preferred stock. No shares have been issued to date. Common Stock The Company has 500,000,000 authorized shares of $0.001 par value common stock. As of March 31, 2019 and December 31, 2018, 479,844,900 shares of common stock have been issued.

11. Options

11. Options	3 Months Ended
	Mar. 31, 2019
Share-based Payment Arrangement [Abstract]
Options	Note 11 – Options Options Granted No options were granted during the three months ended March 31, 2019 and 2018. The Company recognized a total of $27,931, and $85,833 of compensation expense during the three months ended March 31, 2019 and 2018, respectively, related to common stock options issued to Employees and Directors that are being amortized over the implied service term, or vesting period, of the options. The remaining unamortized balance of these options is $99,853 as of March 31, 2019. Options Exercised No options were exercised during the three months ended March 31, 2019 and 2018. Options Forfeited A total of 125,000 options expired and were forfeited during the three months ended March 31, 2019. No options were forfeited during the three months ended March 31, 2018.

12. Warrants

12. Warrants	3 Months Ended
	Mar. 31, 2019
Warrants and Rights Note Disclosure [Abstract]
Warrants	Note 12 – Warrants Warrants Granted No warrants were granted during the three months ended March 31, 2019 and 2018. Warrants Exercised No warrants were exercised during the three months ended March 31, 2019 and 2018. Outstanding Warrants The Company issued 435,000 warrants (of which 390,000 are outstanding as of March 31, 2019) to purchase shares at $0.01 per share to participants of the Backstop Agreement on September 22, 2017. The Company accounted for the warrants as an expense of the Rights Offering which resulted in a charge directly to stockholders’ equity. The Company estimated the fair value of these warrants to be approximately $10,135 (or $.0233 per warrant) using the Black-Scholes option-pricing model. The fair value of the warrants was estimated as of the date of grant using the following assumptions: (1) expected volatility of 388%, (2) risk-free interest rate of 1.89% and (3) expected life of five years.

13. BRAC Rights and Warrants

13. BRAC Rights and Warrants	3 Months Ended
	Mar. 31, 2019
BRAC Rights and Warrants
BRAC Rights and Warrants	Note 13 - BRAC Rights and Warrants Initial Public Offering Pursuant to its Initial Public Offering and including the subsequent over-allotment option exercised by the underwriter, BRAC sold 13,800,000 Units at a purchase price of $10.00 per Unit. Each Unit consists of one share of common stock, one right (“Public Right”) and one warrant (“Public Warrant”). Each Public Right will convert into one-tenth (1/10) of one share of common stock upon consummation of a Business Combination. Each Public Warrant entitles the holder to purchase one share of common stock at an exercise price of $11.50. Private Placement Simultaneous with the Initial Public Offering and over-allotment option exercise, BROG purchased an aggregate of 445,000 Placement Units at a price of $10.00 per Unit (or an aggregate purchase price of $4,450,000). Each Placement Unit consists of one share of common stock (“Placement Share”), one right (“Placement Right”) and one warrant (each, a “Placement Warrant”) to purchase one share of the common stock at an exercise price of $11.50 per share. The proceeds from the Placement Units were added to the proceeds from the Initial Public Offering held in the Trust Account. If BRAC does not complete a Business Combination within the Combination Period, the proceeds of the sale of the Placement Units will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Placement Rights and Placement Warrants will expire worthless. The Placement Units are identical to the Units sold in the Initial Public Offering except that the Placement Warrants (i) are not redeemable by BRAC and (ii) may be exercised for cash or on a cashless basis, so long as they are held by BROG or any of its permitted transferees. In addition, the Placement Units and their component securities may not be transferable, assignable or salable until after the consummation of a Business Combination, subject to certain limited exceptions. Rights Each holder of a right will receive one-tenth (1/10) of one share of common stock upon consummation of a Business Combination, even if a holder of such right converted all ordinary shares held by it in connection with a Business Combination. No fractional shares will be issued upon exchange of the rights. No additional consideration will be required to be paid by a holder of rights in order to receive its additional shares upon consummation of a Business Combination as the consideration related thereto has been included in the Unit purchase price paid for by investors in the Initial Public Offering. If BRAC enters into a definitive agreement for a Business Combination in which BRAC will not be the surviving entity, the definitive agreement will provide for the holders of rights to receive the same per share consideration the holders of the shares of common stock will receive in the transaction on an as-converted into shares of common stock basis and each holder of rights will be required to affirmatively covert its rights in order to receive 1/10 of a share of common stock underlying each right (without paying additional consideration). The shares of common stock issuable upon exchange of the rights will be freely tradable (except to the extent held by affiliates of BRAC). If BRAC is unable to complete a Business Combination within the Combination Period and BRAC liquidates the funds held in the Trust Account, holders of rights will not receive any of such funds with respect to their rights, nor will they receive any distribution from BRAC’s assets held outside of the Trust Account with respect to such rights, and the rights will expire worthless. Further, there are no contractual penalties for failure to deliver securities to the holders of the rights upon consummation of a Business Combination. Additionally, in no event will BRAC be required to net cash settle the rights. Accordingly, the rights may expire worthless. The rights included in the Private Units sold in the Private Placement are identical to the rights included in the Units sold in the Initial Public Offering, except that, among others, the rights including the shares issuable upon exchange of such rights, are being purchased pursuant to an exemption from the registration requirements of the Securities Act and will become tradable only after certain conditions are met or the resale of such rights (including underlying securities) is registered under the Securities Act. Warrants Warrants may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Warrants. The Warrants will become exercisable on the later of (a) 30 days after the consummation of a Business Combination or (b) October 10, 2018. No Warrants will be exercisable for cash unless BRAC has an effective and current registration statement covering the shares of common stock issuable upon exercise of the Warrants and a current prospectus relating to such shares. Notwithstanding the foregoing, if a registration statement covering the shares of common stock issuable upon the exercise of the Warrants is not effective within 30 days from the consummation of a Business Combination, the holders may, until such time as there is an effective registration statement and during any period when BRAC shall have failed to maintain an effective registration statement, exercise the Warrants on a cashless basis pursuant to an available exemption from registration under the Securities Act. If an exemption from registration is not available, holders will not be able to exercise their Warrants on a cashless basis. The Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation. The Private Warrants will be identical to the Warrants underlying the Units sold in the Initial Public Offering, except the Private Warrants will be exercisable for cash (even if a registration statement covering the shares of common stock issuable upon exercise of such Private Warrants is not effective) or on a cashless basis, at the holder’s option, and will not be redeemable by BRAC, in each case so long as they are still held by BROG or its affiliates. BRAC may call the Warrants for redemption (excluding the Private Warrants but including any outstanding Warrants issued upon exercise of the unit purchase option issued to EarlyBirdCapital), in whole and not in part, at a price of $.01 per Warrant: · at any time while the Warrants are exercisable, · upon not less than 30 days’ prior written notice of redemption to each Warrant holder, · if, and only if, the reported last sale price of the shares of common stock equals or exceeds $18.00 per share, for any 20 trading days within a 30 trading day period ending on the third business day prior to the notice of redemption to Warrant holders, and · if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such Warrants at the time of redemption and for the entire 30-day redemption period and continuing each day thereafter until the date of redemption. If BRAC calls the Warrants for redemption, management will have the option to require all holders that wish to exercise the Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of shares of common stock issuable upon exercise of the Warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, the Warrants will not be adjusted for issuances of shares of common stock at a price below its exercise price. Additionally, in no event will BRAC be required to net cash settle the Warrants. If BRAC is unable to complete a Business Combination within the Combination Period and BRAC liquidates the funds held in the Trust Account, holders of Warrants will not receive any of such funds with respect to their Warrants, nor will they receive any distribution from BRAC’s assets held outside of the Trust Account with respect to such Warrants. Accordingly, the Warrants may expire worthless. Unit Purchase Option On October 10, 2017, BRAC sold to the underwriter and its designees, for $100, an option to purchase up to 600,000 Units exercisable at $11.50 per Unit (or an aggregate exercise price of $6,900,000) commencing on the later of the first anniversary of the effective date of the registration statement related to the Initial Public Offering and the consummation of a Business Combination. The unit purchase option may be exercised for cash or on a cashless basis, at the holder’s option, and expires five years from the effective date of the registration statement related to the Initial Public Offering. The Units issuable upon exercise of this option are identical to those offered in the Initial Public Offering. BRAC accounted for the unit purchase option, inclusive of the receipt of $100 cash payment, as an expense of the Initial Public Offering resulting in a charge directly to stockholders’ equity. BRAC estimated the fair value of this unit purchase option to be approximately $1,778,978 (or $2.97 per Unit) using the Black-Scholes option-pricing model. The fair value of the unit purchase option granted to the underwriters was estimated as of the date of grant using the following assumptions: (1) expected volatility of 35%, (2) risk-free interest rate of 1.94% and (3) expected life of five years. The option and such units purchased pursuant to the option, as well as the common stock underlying such units, the rights included in such units, the common stock that is issuable for the rights included in such units, the warrants included in such units, and the shares underlying such warrants, have been deemed compensation by FINRA and are therefore subject to a 180-day lock-up pursuant to Rule 5110(g)(1) of FINRA’s NASDAQ Conduct Rules. Additionally, the option may not be sold, transferred, assigned, pledged or hypothecated for a one-year period (including the foregoing 180-day period) following the date of Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona fide officers or partners. The option grants to holders demand and “piggy back” rights for periods of five and seven years, respectively, from the effective date of the registration statement with respect to the registration under the Securities Act of the securities directly and indirectly issuable upon exercise of the option. BRAC will bear all fees and expenses attendant to registering the securities, other than underwriting commissions which will be paid for by the holders themselves. The exercise price and number of units issuable upon exercise of the option may be adjusted in certain circumstances including in the event of a stock dividend, or BRAC’s recapitalization, reorganization, merger or consolidation. However, the option will not be adjusted for issuances of ordinary shares at a price below its exercise price.

14. Income Taxes

14. Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 14 – Income Taxes The Company accounts for income taxes under ASC Topic 740, Income Taxes, BROG and BRAC file returns independently and do not file as a consolidated group. We currently estimate that our effective tax rate for the year ending December 31, 2019 will be 0% for BROG and 35.9% for BRAC. For BROG, losses incurred during the period from April 9, 2011 (inception) to March 31, 2019 could be used to offset future tax liabilities. Accounting standards require the consideration of a valuation allowance for deferred tax assets if it is “more likely than not” that some component or all of the benefits of deferred tax assets will not be realized. As of March 31, 2019, net deferred tax assets were $9,735,771, with no deferred tax liability, primarily related to net operating loss carryforwards. A valuation allowance of approximately $9,735,771 was applied to the net deferred tax assets. Therefore BROG has no tax expense for 2019 to date. For BRAC, the tax expense of $186,579 and $94,677 for the three months ended March 31, 2019 and 2018, respectively, was primarily driven by the Company’s interest income offset by general and administrative expenses resulting in income before provision for income taxes. In accordance with FASB ASC 740, the Company has evaluated its tax positions and determined there are no significant uncertain tax positions as of any date on, or before March 31, 2019.

15. Commitments

15. Commitments	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments	Note 15 – Commitments The Company from time to time may be involved in various inquiries, administrative proceedings and litigation relating to matters arising in the normal course of business. The Company is not aware of any inquiries or administrative proceedings and is not currently a defendant in any material litigation and is not aware of any threatened litigation that could have a material effect on the Company. The Company periodically maintains cash balances at banks in excess of federally insured amounts. The extent of loss, if any, to be sustained as a result of any future failure of a bank or other financial institution is not subject to estimation at this time. BRAC’s agreements with underwriters BRAC engaged the underwriters as advisors in connection with its Initial Business Combination to assist it in holding meetings with its shareholders to discuss the potential business combination and the target business’ attributes, introduce it to potential investors that are interested in purchasing its securities, assist it in obtaining shareholder approval for the business combination and assist it with its press releases and public filings in connection with the business combination. BRAC will pay its underwriters a cash fee for such services upon the consummation of its initial business combination in an amount equal to 3.5% of the gross proceeds of its offering (exclusive of any applicable finders’ fees which might become payable). Registration rights The holders of BROG’s shares of BRAC issued and outstanding on the date of BRAC’s Initial Public Offering, as well as the holders of the private units and any units BROG, and its officers, directors or their affiliates may be issued in payment of working capital loans made to BRAC (and all underlying securities), are entitled to registration rights pursuant to a registration rights agreement dated October 4, 2017. The holders of a majority of these securities are entitled to make up to two demands that BRAC register such securities. The holders of the majority of the BROG’s shares can elect to exercise these registration rights at any time commencing three months prior to the date on which these shares of BRAC’s common stock are to be released from escrow. The holders of a majority of the private units and units issued to BROG, and its officers, directors or their affiliates in payment of working capital loans made to us (or underlying securities) can elect to exercise these registration rights at any time after BRAC consummates a business combination. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to our consummation of a business combination. The Company would bear the expenses incurred in connection with the filing of any such registration statements.

16. BRAC's Proposed Business Co

16. BRAC's Proposed Business Combination	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
BRAC's Proposed Business Combination	Note 16 – BRAC’s Proposed Business Combination Business Combination Agreement On December 19, 2018, BRAC entered into the Business Combination Agreement by and among BRAC, Black Ridge Merger Sub, Corp., a Delaware corporation and wholly-owned subsidiary of BRAC formed on December 19, 2018 (“Merger Sub”), Allied Esports, Ourgame, Noble, and Primo. Subject to the Agreement, (i) Noble will merge with and into Allied Esports (the “Redomestication Merger”) with Allied Esports being the surviving entity in such merger and (ii) immediately after the Redomestication Merger, Merger Sub will merge with and into Allied Esports with Allied Esports being the surviving entity of such merger (the “Transaction Merger” and together with the Redomestication Merger, the “Mergers”). The Mergers will result in BRAC acquiring two of Ourgame’s global esports and entertainment assets, Allied Esports and WPT. Allied Esports is a premier esports entertainment company with a global network of dedicated esports properties and content production facilities. WPT is the creator of the World Poker Tour® (WPT®) – the premier name in internationally televised gaming and entertainment with brand presence in land-based tournaments, television, online and mobile. The proposed transaction will seek to strategically combine the globally recognized Allied Esports brand with the three-pronged business model of the iconic World Poker Tour, featuring in-person experiences, multiplatform content and interactive services, to leverage the high-growth opportunities in the global esports industry. Upon consummation of the Mergers (the “Closing”), BRAC will issue to the former owners of Allied Esports and WPT (i) an aggregate of 11,602,754 shares of common stock, par value $0.0001 per share, of BRAC’s common stock and (ii) an aggregate of 3,800,003 warrants to purchase shares of common stock of BRAC. BRAC will also pay Ourgame $35,000,000 to satisfy certain obligations owed to it by Allied Esports assumed in the transaction. In addition to the consideration described above, the former owners of Allied Esports and WPT will be entitled to receive their pro rata portion of an aggregate of an additional 3,846,153 shares of BRAC’s common stock if the last sales price of BRAC’s common stock equals or exceeds $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for thirty (30) consecutive days at any time during the five (5) year period commencing on the date of the Closing (the “Closing Date”). Proposed Changes to the Capital Structure BRAC is seeking shareholder approval to amend its charter to increase the authorized shares of BRAC’s common stock to 65,000,000 shares. Conditions to Consummation of the Business Combination Consummation of the transactions contemplated by the Agreement is subject to certain closing conditions including, among others, (i) approval by the stockholders of BRAC and Ourgame, and (ii) that BRAC have available cash in an amount not less than $80,000,000 after payment to stockholders who elect to redeem their shares of common stock in accordance with the provisions of BRAC’s Charter Documents. Termination The Agreement may be terminated at any time prior to the consummation of the Agreement (whether or not the approval of BRAC’s shareholders has been obtained) by mutual written consent of the Company and Ourgame and Noble and in certain other limited circumstances, including if the Proposed Business Combination has not been consummated by July, 10, 2019.

17. Subsequent Events

17. Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 17 – Subsequent Events The Company evaluates events that have occurred after the balance sheet date through the date these financial statements were issued. No events occurred of a material nature that would have required adjustments to or disclosures in these financial statements.

2. Basis of Presentation and _2

2. Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the following entities: Name of entity State of Incorporation Relationship Black Ridge Oil and Gas, Inc. Nevada Parent Black Ridge Acquisition Corp. Delaware Subsidiary (1) (1) The Company has determined that BRAC, following its IPO, is a variable interest entity (“VIE”) and that the Company is the primary beneficiary of the VIE. The Company determined that, due to the redemption feature associated with the IPO shares, that the IPO shareholders are indirectly protected from the operating expenses of BRAC and it has the power to direct the activities of BRAC through the date at which BRAC affords the stockholders the opportunity to vote to approve a proposed business combination. Therefore, these consolidated financial statements herein contain the operations of BRAC from its inception on May 9, 2017. BRAC’s IPO shareholders are reflected in our Consolidated Financial Statements as a non-controlling interest. The non-controlling interest was recorded at fair value on October 10, 2017, with an addition on October 18, 2017 as a result of the underwriters’ exercise of their over-allotment option. All significant inter-company transactions have been eliminated in the preparation of these financial statements. The parent company, Black Ridge Oil & Gas, Inc. and Black Ridge Acquisition Corp. will be collectively referred to herein as the “Company” or “Black Ridge”. The Company’s headquarters is in Minneapolis, Minnesota and substantially all of its operations are in the United States.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Environmental Liabilities	Environmental Liabilities The Company was formerly a direct owner of assets in the oil and gas industry. The oil and gas industry is subject, by its nature, to environmental hazards and clean-up costs. At this time, management knows of no substantial losses from environmental accidents or events which would have a material effect on the Company.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents include money market accounts which have maturities of three months or less. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. Cash equivalents are stated at cost plus accrued interest, which approximates market value. Cash equivalents on hand at March 31, 2019 and December 31, 2018 were $638,654 and $2,312, respectively, all held within the trust account.
Restricted cash and securities held in Trust Account	Restricted cash and securities held in Trust Account The Company had $638,654 of cash equivalents and $141,389,088 of marketable securities on March 31, 2019 and $2,312 of cash equivalents and $141,304,995 of marketable securities on December 31, 2018 held in the Trust Account which is restricted for the benefit of the BRAC’s IPO shareholders to be available for those shareholders in the event they elect to redeem their shares following an approved business combination or upon the dissolution of BRAC.
Cash in Excess of FDIC Insured Limits	Cash in Excess of FDIC Insured Limits The Company maintains its cash in bank deposit accounts which, at times, may exceed federally insured limits. Accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) and the Securities Investor Protection Corporation (SIPC) up to $250,000 and $500,000, respectively, under current regulations. The Company had approximately $520,305 and $1,119,770 in excess of FDIC and SIPC insured limits at March 31, 2019 and December 31, 2018, respectively. The Company has not experienced any losses in such accounts.
Income Taxes	Income Taxes The Company recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. The Company provides a valuation allowance for deferred tax assets for which it does not consider realization of such assets to be more likely than not.
Basic and Diluted Loss Per Share	Basic and Diluted Loss Per Share The basic net loss per share is computed by dividing the net loss (the numerator) by the weighted average number of common shares outstanding for the period (the denominator). Diluted net loss per common share is computed by dividing the net loss by the weighted average number of common shares and potential common shares outstanding (if dilutive) during each period. Potential common shares include stock options, warrants and restricted stock. The number of potential common shares outstanding relating to stock options, warrants and restricted stock is computed using the treasury stock method. For the periods presented, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Under FASB ASC 820-10-05, the Financial Accounting Standards Board establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash, accounts payable and accrued expenses reported on the balance sheets are estimated by management to approximate fair value primarily due to the short term nature of the instruments. The Company had no items that required fair value measurement on a recurring basis.
Property and Equipment	Property and Equipment Property and equipment that are not oil and gas properties are recorded at cost and depreciated using the straight-line method over their estimated useful lives of three to seven years. Expenditures for replacements, renewals, and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Long-lived assets, other than oil and gas properties, are evaluated for impairment to determine if current circumstances and market conditions indicate the carrying amount may not be recoverable. The Company has not recognized any impairment losses on non-oil and gas long-lived assets. Depreciation expense was $443 and $2,558 for the three months ended March 31, 2019 and 2018, respectively.
Revenue Recognition	Revenue Recognition The Company recognizes management fee income as services are provided.
Stock-Based Compensation	Stock-Based Compensation The Company adopted FASB guidance on stock based compensation upon inception at April 9, 2010. Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, are recognized in the income statement based on their fair values. Expense related to common stock and stock options issued for services and compensation totaled $27,931 and $85,833 for the three months ended March 31, 2019 and 2018, respectively, using the Black-Scholes options pricing model and an effective term of 6 to 6.5 years based on the weighted average of the vesting periods and the stated term of the option grants and the discount rate on 5 to 7 year U.S. Treasury securities at the grant date.
Uncertain Tax Positions	Uncertain Tax Positions Effective upon inception at April 9, 2010, the Company adopted standards for accounting for uncertainty in income taxes. These standards prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. These standards also provide guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Various taxing authorities may periodically audit the Company’s income tax returns. These audits include questions regarding the Company’s tax filing positions, including the timing and amount of deductions and the allocation of income to various tax jurisdictions. In evaluating the exposures connected with these various tax filing positions, including state and local taxes, the Company records allowances for probable exposures. A number of years may elapse before a particular matter, for which an allowance has been established, is audited and fully resolved. Black Ridge Oil & Gas, Inc. has not yet undergone an examination by any taxing authorities. The assessment of the Company’s tax position relies on the judgment of management to estimate the exposures associated with the Company’s various filing positions.
Recent Accounting Pronouncements	Recent Accounting Pronouncements New accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”) that are adopted by the Company as of the specified effective date. If not discussed below, management believes there have been no developments to recently issued accounting standards, including expected dates of adoption and estimated effects on our financial statements, from those disclosed in our Annual Report on Form 10-K for the year ended December 31, 2018. In July 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases

2. Basis of Presentation and _3

2. Basis of Presentation and Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Schedule of entities	The accompanying consolidated financial statements include the accounts of the following entities: Name of entity State of Incorporation Relationship Black Ridge Oil and Gas, Inc. Nevada Parent Black Ridge Acquisition Corp. Delaware Subsidiary (1) (1)

6. Prepaid Expenses (Tables)

6. Prepaid Expenses (Tables)	3 Months Ended
	Mar. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of prepaid expenses	Prepaid expenses consist of the following: March 31, December 31, 2019 2018 Prepaid insurance costs $ 14,461 $ 28,751 Prepaid employee benefits 11,822 11,865 Prepaid office and other costs 74,118 13,319 Total prepaid expenses $ 100,401 $ 53,935

7. Property and Equipment (Tabl

7. Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2019
Property and equipment:
Property and equipment	Property and equipment at March 31, 2019 and December 31, 2018, consisted of the following: March 31, December 31, 2019 2018 Property and equipment $ 128,965 $ 128,156 Less: Accumulated depreciation and amortization (127,374 ) (126,931 ) Total property and equipment, net $ 1,591 $ 1,225

8. Related Party Transactions (

8. Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Percentage of BRAC Shares Owned by the Company Granted to the Grantee	In connection with the approval of the Plan and Award Agreement, the Board approved the issuance of awards (the “Awards”) to certain individuals including officers and directors (the “Grantees”), representing a percentage of the shares of BRAC held by the Company as of the date of closing of a business combination for the acquisition of a target business as described in the BRAC prospectus dated October 4, 2017, as follows: Percentage of BRAC Shares Owned by the Name Company Granted to the Grantee Bradley Berman 1.6% Lyle Berman 1.6% Benjamin Oehler 1.6% Joe Lahti 1.6% Kenneth DeCubellis 4.0% Michael Eisele 2.8% James Moe 2.1%

9. Fair Value of Financial In_2

9. Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Valuation of financial instruments at fair value	The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of March 31, 2019 and December 31, 2018: Fair Value Measurements at March 31, 2019 Level 1 Level 2 Level 3 Assets Restricted cash and investments held in trust $ 142,027,742 $ – $ – Cash and cash equivalents 826,525 – – Total assets 142,854,267 – – Liabilities – – – Total liabilities – – – $ 142,854,267 $ – $ – Fair Value Measurements at December 31, 2018 Level 1 Level 2 Level 3 Assets Restricted cash and investments held in trust $ 141,307,307 Cash and cash equivalents 1,503,500 $ – $ – Total assets 142,810,807 – – Liabilities – – – Total liabilities – – – $ 142,810,807 $ – $ –

1. Organization and Nature of_2

1. Organization and Nature of Business (Details Narrative) - USD ($)	9 Months Ended
	Oct. 10, 2017	Sep. 26, 2017	Mar. 31, 2019	Dec. 31, 2017
BRAC [Member]
Ownership percentage			22.00%	22.00%
Equity Raise [Member]
Stock issued new, shares		431,819,910
Proceeds from sale of equity		$ 5,051,675
IPO [Member] | BRAC [Member] | Over Allotment Option [Member]
Proceeds from IPO	$ 138,000,000
Private Placement [Member] | BRAC [Member]
Proceeds from sale of equity	$ 4,450,000
Units sold	445,000

2. Basis of Presentation and _4

2. Basis of Presentation and Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Cash equivalents	$ 638,654		$ 2,312
Cash Uninsured Amount in Federal Deposit Insurance Corporation	520,305		1,119,770
Depreciation expense	443	$ 2,558
Share based compensation	27,931	$ 85,833
Cash [Member]
Assets held in trust	638,654		2,312
Marketable Securities [Member]
Assets held in trust	$ 141,389,088		$ 141,304,995

3. Going Concern (Details Narra

3. Going Concern (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Cash	$ 826,525	$ 1,503,500	$ 976,139	$ 1,477,089
Working capital	136,939
BRAC [Member]
Liabilities including current income taxes and franchise fees	$ 686,789

4. Rights Offering and Format_2

4. Rights Offering and Formation of Black Ridge Acquisition Corp. (Details) - USD ($)	9 Months Ended
	Oct. 10, 2017	Sep. 26, 2017	Mar. 31, 2019	Dec. 31, 2017
Offering costs netted against equity				$ 130,164
BRAC [Member]
Equity ownership			22.00%	22.00%
Equity contribution	$ 25,000
Warrants issued to Related Parties [Member]
Warrants issued fair value		$ 4,179
Non-Related Parties [Member]
Proceeds from sale of stock		$ 2,965,555
Stock issued in rights offering		257,976,602
Rights Offering and Backstop Agreement [Member]
Proceeds from sale of stock		$ 5,181,839
Stock issued in rights offering		431,819,910
Rights Offering and Backstop Agreement [Member] | Officers And Directors [Member]
Proceeds from sale of stock		$ 2,086,120
Stock issued in rights offering		173,843,308
Warrants issued		179,376
Rights Offering [Member] | Current Shareholders [Member]
Proceeds from sale of stock		$ 2,397,737
Stock issued in rights offering		199,811,421
Backstop Agreement [Member]
Proceeds from sale of stock		$ 2,784,102
Stock issued in rights offering		232,008,489
Warrants issued		435,000
Warrants issued fair value		$ 10,135

5. BRAC's IPO, Consolidation _2

5. BRAC's IPO, Consolidation of BRAC and Non-controlling Interest (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended	10 Months Ended
	Mar. 31, 2019	Oct. 10, 2017	Oct. 18, 2017
Proceeds held in Trust [Member]
Assets held in trust			$ 138,690,090
BRAC [Member]
Management services income	$ 30,000
BRAC [Member] | IPO [Member]
Units sold		12,000,000
Proceeds from units sold		$ 120,000,000
Transaction costs		2,882,226
BRAC [Member] | IPO [Member] | Underwriting fees [Member]
Transaction costs		2,400,000
BRAC [Member] | IPO [Member] | Other Costs [Member]
Transaction costs		482,226
BRAC [Member] | IPO [Member] | Placement Units [Member]
Proceeds from units sold placed in trust		$ 120,600,000
BRAC [Member] | Placement Units [Member]
Units sold		400,000
Proceeds from units sold		$ 4,000,000
BRAC [Member] | Over Allotment Option [Member]
Proceeds from units sold			18,450,000
Transaction costs			$ 360,000
BRAC [Member] | Over Allotment Option [Member] | Placement Units [Member]
Units sold			45,000
BRAC [Member] | Over Allotment Option [Member] | Additional Units [Member]
Units sold			1,800,000

6. Prepaid Expenses (Details)

6. Prepaid Expenses (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid insurance costs	$ 14,461	$ 28,751
Prepaid employee benefits	11,822	11,865
Prepaid office and other costs	74,118	13,319
Total prepaid expenses	$ 100,401	$ 53,935

7 Property and Equipment (Detai

7 Property and Equipment (Details-Property and equipment) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Property and equipment:
Property and equipment	$ 128,965	$ 128,156
Less: Accumulated depreciation and amortization	(127,374)	(126,931)
Total property and equipment, net	$ 1,591	$ 1,225

7. Property and Equipment (Deta

7. Property and Equipment (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Property and equipment:
Depreciation expense	$ 443	$ 2,558

8. Related Party Transactions_2

8. Related Party Transactions (Details-BRAC Shares Owned by the Company Granted to the Grantee)	Oct. 04, 2017
Mr. Bradley Berman [Member]
Percentage of BRAC Shares Owned by the Company Granted to the Grantee	1.60%
Mr. Lyle Berman [Member]
Percentage of BRAC Shares Owned by the Company Granted to the Grantee	1.60%
Mr. Benjamin Oehler [Member]
Percentage of BRAC Shares Owned by the Company Granted to the Grantee	1.60%
Mr. Joe Lahti [Member]
Percentage of BRAC Shares Owned by the Company Granted to the Grantee	1.60%
Mr. Kenneth DeCubellis [Member]
Percentage of BRAC Shares Owned by the Company Granted to the Grantee	4.00%
Mr. Michael Eisele [Member]
Percentage of BRAC Shares Owned by the Company Granted to the Grantee	2.80%
Mr. James Moe [Member]
Percentage of BRAC Shares Owned by the Company Granted to the Grantee	2.10%

8. Related Party Transactions_3

8. Related Party Transactions (Details Narrative) - BRAC [Member]	3 Months Ended
	Mar. 31, 2019USD ($)shares
Common stock owned	3,895,000
Common stock rights owned	44,500
Convertible promissory note issued to BRAC | $	$ 650,000
Stated interest rate	non-interest bearing

9. Fair Value of Financial In_3

9. Fair Value of Financial Instruments (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Level 1 [Member]
Assets
Restricted cash and investments held in trust	$ 142,027,742	$ 141,307,307
Cash and cash equivalents	826,525	1,503,500
Total assets	142,854,267	142,810,807
Liabilities
Total Liabilities	0	0
Total Assets and Liablilties	142,854,267	142,810,807
Level 2 [Member]
Assets
Restricted cash and investments held in trust	0	0
Cash and cash equivalents	0	0
Total assets	0	0
Liabilities
Total Liabilities	0	0
Total Assets and Liablilties	0	0
Level 3 [Member]
Assets
Restricted cash and investments held in trust	0	0
Cash and cash equivalents	0	0
Total assets	0	0
Liabilities
Total Liabilities	0	0
Total Assets and Liablilties	$ 0	$ 0

10. Stockholders' Equity (Detai

10. Stockholders' Equity (Details Narrative) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Equity [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	479,844,900	479,844,900

11. Options (Details Narrative)

11. Options (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share based compensation	$ 27,931	$ 85,833
Unvested unamortized share based compensation	$ 99,853
Stock Options [Member]
Options Granted	0	0
Share based compensation	$ 27,931	$ 85,833
Options exercised	0	0
Options forfeited	125,000	0
Options expired	125,000	0

12. Warrants (Details Narrative

12. Warrants (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Sep. 26, 2017
Warrants Granted	0	0
Warrants Exercised	0	0
Backstop Agreement [Member]
Warrants issued			435,000
Warrants Outstanding	390,000
Warrants issued fair value			$ 10,135
Expected volatility rate			388.00%
Risk-free interest rate			1.89%
Expected life			5 years

13. BRAC Rights and Warrants (D

13. BRAC Rights and Warrants (Details Narrative)	9 Months Ended
	Oct. 10, 2017USD ($)$ / sharesshares
Unit Purchase Option [Member]
Fair value of unit purchase option | $	$ 1,778,978
Fair value of unit purchase option per share | $ / shares	$ 2.97
Expected volatility rate	35.00%
Risk-free interest rate	1.94%
Expected life	5 years
BRAC [Member] | Private Placement [Member]
Proceeds from sale of equity | $	$ 4,450,000
Units sold | shares	445,000
BRAC [Member] | IPO and Over-Allotment Option [Member]
Units sold | shares	13,800,000
Unit description	Each Unit consists of one share of common stock, one right and one warrant.
BlackRidge Oil and Gas [Member] | Placement Units [Member]
Proceeds from sale of equity | $	$ 4,450,000
Units bought | shares	445,000

14. Income Taxes (Details Narra

14. Income Taxes (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2019
Net deferred tax assets	$ 9,735,771
Valuation allowance	9,735,771
Deferred tax liability	0
Tax expense (benefit)	$ 186,579	$ 94,667
BRAC [Member] | Subsequent Event [Member]
Effective tax rate			35.90%
BlackRidge Oil and Gas [Member] | Subsequent Event [Member]
Effective tax rate			0.00%