Sow Good (SOWG) 10-K/A 15 May 20 2019 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Mar. 25, 2020	Jun. 30, 2019
Cover [Abstract]
Entity Registrant Name	Black Ridge Oil & Gas, Inc.
Entity Central Index Key	0001490161
Document Type	10-K/A
Document Period End Date	Dec. 31, 2019
Amendment Flag	true
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity File Number	000-53952
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	NV
Entity Public Float			$ 10,694,484
Entity Common Stock, Shares Outstanding		1,600,484
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Amendment description	To correct the presentation of unrealized losses

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 108,756	$ 1,503,500
Accounts receivable	0	13
Receivable from Allied Esports Entertainment, Inc.	505	0
Prepaid expenses	47,151	42,685
Current assets from discontinued operations	0	11,250
Total current assets	156,412	1,557,448
Property and equipment:
Property and equipment	134,202	128,156
Less accumulated depreciation	(127,803)	(126,931)
Total property and equipment, net	6,399	1,225
Investment in Allied Esports Entertainment, Inc.	6,982,300	0
Non-current assets from discontinued operations	0	141,307,307
Total assets	7,145,111	142,865,980
Current liabilities:
Accounts payable	35,727	31,938
Accrued expenses	14,220	5,691
Deferred compensation	1,396,460	0
Current liabilities of discounted operations	0	621,722
Total current liabilities	1,446,407	659,351
Long term liabilities	0	0
Total liabilities	1,446,407	659,351
Commitments and contingencies
Redeemable non-controlling interest	0	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, 1,600,508 shares issued and outstanding	1,600	1,600
Additional paid-in capital	37,054,503	36,953,977
Accumulated deficit	(31,357,399)	(35,487,902)
Total stockholders' equity	5,698,704	1,467,675
Total liabilities, redeemable non-controlling interest and stockholders' equity	$ 7,145,111	$ 142,865,980

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 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	1,600,484	1,600,484
Common stock, shares outstanding	1,600,484	1,600,484

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Total revenues	$ 466,595	$ 0
General and administrative expenses
Salaries and benefits	1,172,745	1,199,729
Stock-based compensation	100,526	310,731
Deferred compensation	1,396,460	0
Professional services	132,505	105,796
Other general and administrative expenses	259,968	250,088
Total general and administrative expenses	3,062,204	1,866,344
Depreciation and amortization	872	9,472
Total operating expenses	3,063,076	1,875,816
Net operating loss	(2,596,481)	(1,875,816)
Other income (expense):
Gain on deconsolidation of subsidiary	20,448,687	0
Settlement income	0	2,250,000
Settlement expense	0	(112,500)
Other income	51	1,996
Loss on investment in Allied Esports Entertainment, Inc.	(4,968,175)
Total other income	15,480,563	2,139,496
Net income before provision for income taxes	12,884,082	263,680
Provision for income taxes	0	0
Net income from continuing operations, net of tax	12,884,082	263,680
Net income (loss) from discontinued operations	(7,421,050)	1,261,200
Net income before non-controlling interest	5,463,032	1,524,880
Less net income attributable to redeemable non-controlling interest	(1,332,529)	(1,868,894)
Net income (loss) attributable to Black Ridge Oil & Gas, Inc.	$ 4,130,503	$ (344,014)
Weighted average common shares outstanding - basic	1,600,484	1,600,484
Weighted average common shares outstanding - fully diluted	1,601,346	1,600,484
Net income per common share - basic	$ 2.58	$ (.21)
Net income per common share - fully diluted	$ 2.58	$ (0.21)
Management Fee Income [Member]
Total revenues	$ 466,595	$ 0

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)	Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning balance, shares at Dec. 31, 2017	0	1,600,334
Beginning balance, value at Dec. 31, 2017	$ 0	$ 1,600	$ 36,642,796	$ (35,143,888)	$ 1,500,508
Common stock options granted for services to employees and directors			310,731		310,731
Exercise of stock warrants, shares		150
Exercise of stock warrants, value		$ 0	450		450
Net income attributable to Black Ridge Oil & Gas, Inc.				(344,014)	(344,014)
Ending balance, shares at Dec. 31, 2018	0	1,600,484
Ending balance, value at Dec. 31, 2018	$ 0	$ 1,600	36,953,977	(35,487,902)	1,467,675
Common stock options granted for services to employees and directors			100,526		100,526
Net income attributable to Black Ridge Oil & Gas, Inc.				4,130,503	4,130,503
Other comprehensive income					(4,968,175)
Ending balance, shares at Dec. 31, 2019	0	1,600,484
Ending balance, value at Dec. 31, 2019	$ 0	$ 1,600	$ 37,054,503	$ (31,357,399)	$ 5,698,704

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) attributable to Black Ridge Oil & Gas, Inc.	$ 4,130,503	$ (344,014)
Net (income) loss from discontinued operations	7,421,050	(1,261,200)
Net income attributable to redeemable non-controlling interest	1,332,529	1,868,894
Adjustments to reconcile net loss attributable to Black Ridge Oil & Gas, Inc. to net cash provided by (used in) operating activities:
Gain on deconsolidation of subsidiary	(20,448,687)	0
Depreciation and amortization	872	9,472
Loss on investment in Allied Esports Entertainment, Inc.	4,968,175
Amortization of stock options	100,526	310,731
Deferred compensation	1,396,460	0
Decrease (increase) in current assets:
Accounts receivable	13	1,598
Accounts receviable, related party	(505)	2,940
Prepaid expenses	(4,466)	(6,961)
Increase (decrease) in current liabilities:
Accounts payable	3,789	(13,856)
Accrued expenses	8,529	(4,078)
Net cash provided by (used in) operating activities of continuing operations	(1,091,212)	563,526
Net cash used in operating activities of discontinued operations	(8,618,568)	(751,462)
Net cash used in operating activities	(9,709,780)	(187,936)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash disposed in deconsolidation	(9,991,684)	0
Purchase of property and equipment	(6,046)	0
Net cash used in investing activities of continuing operations	(9,997,730)	0
Net cash provided by investing activities of discontinued operations	16,880,792	213,897
Net cash provided by investing activities	6,883,062	213,897
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of stock warrants	0	450
Net cash provided by financing activities from continuing operations	0	450
Net cash provided by financing activities from discontinuing operations	1,431,974	0
Net cash provided by financing activities	1,431,974	450
NET CHANGE IN CASH AND CASH EQUIVALENTS	(1,394,744)	26,411
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	1,503,500	1,477,089
CASH AND CASH EQUIVALENTS AT END OF PERIOD	108,756	1,503,500
SUPPLEMENTAL INFORMATION:
Interest paid	0	0
Income taxes paid	0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Recognition of subsidiary equity upon deconsolidation	8,498,212	0
Non-cash investing and financing activities in discontinued operations	$ 229,914,415	$ 0

1. Organization and Nature of B

1. Organization and Nature of Business	12 Months Ended
	Dec. 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” and “BROG”) became an independent company in April 2010. We became a publicly traded company when our shares began trading on July 1, 2010. From October 2010 through August 2019, 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 and /or managing similar assets for third parties. 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 1,439,400 shares. The proceeds were used to sponsor 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 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, On December 19, 2018, BRAC entered into a business combination agreement and the business combination closed on August 9, 2019, as discussed in Note 4. Following the close of the business combination the Company commenced a strategic review to identify, review and explore alternatives for the Company, including a merger, acquisition, or a business combination. The Company currently owns 2,685,500 shares of Allied Esports Entertainment, Inc. (NASDAQ: AESE), the surviving entity after BRAC’s business combination (“Sponsor Shares”). 537,100 of the Sponsor Shares are subject to distribution rights to officers and directors under the 2018 Management Incentive Plan dated March 6, 2018. The Company is evaluating plans for the remaining Sponsor Shares which could include a distribution of some or all of the Sponsor Share proceeds after expiration of the lock-up agreement on August 9, 2020, presuming that as of such date AESE has repaid or converted amounts it owes pursuant to the bridge financing Note Purchase Agreement and Notes dated as of October 11, 2018 and May 17, 2019.

2. Summary of Significant Accou

2. Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 Summary of Significant Accounting Policies Basis of Accounting Our financial statements are prepared using the accrual method of accounting as generally accepted in the United States of America (U.S. GAAP) and the rules of the Securities and Exchange Commission (SEC). 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. (“BRAC”) Delaware Subsidiary (1) (1) Wholly-owned subsidiary through October 10, 2017, the date of BRAC’s IPO, after which it was consolidated as a variable interest entity through August 9, 2019, the date of BRAC’s business combination. BRAC was renamed Allied Esports Entertainment, Inc. (‘AESE”) on the date of its business combination and all references to the surviving entity following the business combination are hereafter referred to as such. The Company had determined that AESE, following its IPO, was a variable interest entity (“VIE”) and that the Company was the primary beneficiary of the VIE. The Company determined that, due to the redemption feature associated with the IPO shares, that the IPO shareholders were indirectly protected from the operating expenses of BRAC and it had the power to direct the activities of BRAC through the date BRAC afforded the stockholders the opportunity to vote to approve the proposed business combination. Therefore, BRAC’s operations are included in the BROG’s consolidated financial statements herein through August 9 2019. BRAC’s IPO shareholders are reflected in our Consolidated Financial Statements as a non-controlling interest through BRAC’s business combination on August 9, 2019. Under guidance in ASC 810-10-05-8 (“Consolidation of VIEs”) the Company’s management has determined that BRAC, following its merger, should no longer be consolidated for financial statement purposes as the Company no longer had the power to direct the activities of BRAC. Following BRAC’s business combination, the Company’s investment in AESE is accounted for using the cost method as AESE no longer was considered a VIE and the Company now owned 12.4% of the outstanding common stock of AESE. All significant inter-company transactions have been eliminated in the preparation of these financial statements. The parent company, BROG, and BRAC, for the period it was consolidated, are 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. Reclassifications In the current year, the income, expense and cash flows from BRAC during the period they were consolidated have been classified as discontinued operations. For comparative purposes amounts in the prior periods have been reclassified to conform to current year presentation. Additionally, the assets and liabilities from BRAC are shown on the balance sheet as assets and liabilities for discontinued operations. Segment Reporting FASB ASC 280-10-50 requires annual and interim reporting for an enterprise’s operating segments and related disclosures about its products, services, geographic areas and major customers. An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenues and expenses, and about which separate financial information is regularly evaluated by the chief operating decision maker in deciding how to allocate resources. The Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations. 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 December 31, 2019 and 2018 were $-0- and $2,312, respectively. Restricted Cash and Securities held in Trust Account The Company had $2,312 of cash equivalents and $141,304,995 of marketable securities on December 31, 2018 held in the Trust Account which was restricted for the benefit of the AESE’s IPO shareholders to be available for those shareholders in the event they elected to redeem their shares following an approved business combination. 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 $-0- and $1,119,770 in excess of FDIC and SIPC insured limits at December 31, 2019 and 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. On December 22, 2017 the U.S. Tax Cuts and Jobs Act of 2017 (“Tax Reform”) was signed into law. As a result of Tax Reform, the U.S. statutory rate was lowered from 35% to 21% effective January 1, 2018, among other changes. ASC Topic 740 requires companies to recognize the effect of tax law changes in the period of enactment; therefore, the Company was required to value its deferred tax assets and liabilities at the new rate. The SEC issued Staff Accounting Bulletin No. 118 (“SAB 108”) to address the application of GAAP in situations when a registrant does not have the necessary information available, prepared or analyzed (including computations) in reasonable detail to complete the accounting for certain effects of Tax Reform. The ultimate impact may differ from the provisional amount, possibly materially, as a result of additional analysis, changes in interpretations and assumptions the Company has made, additional regulatory guidance that may be issued and actions the Company may take as a result of Tax Reform. 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 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 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 long-lived assets related to continuing operations. Depreciation expense was $872 and $9,472 for the years ended December 31, 2019 and 2018, respectively. Revenue Concentration All of the Company’s revenue earned came from management fees earned through its management services agreement with BRAC, which ceased as of December 31, 2019. Revenue Recognition The Company recognizes management fee income as services are provided. Basic and Diluted Earnings (Loss) Per Share Basic earnings (loss) per share (“EPS”) are computed by dividing net income (the numerator) by the weighted average number of common shares outstanding for the period (the denominator). Diluted EPS is computed by dividing net income 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. The reconciliation of the denominators used to calculate basic EPS and diluted EPS for the years ended December 31, 2019 and 2018 are as follows: Years Ended December 31, 2019 2018 Weighted average common shares outstanding – basic 1,600,484 1,600,484 Plus: Potentially dilutive common shares: Stock options and warrants 862 – Weighted average common shares outstanding – diluted 1,601,346 1,600,484 For 2019 and 2018, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share. Stock options and warrants excluded from the calculation of diluted EPS because their effect was anti-dilutive were 34,204 and 37,245 of December 31, 2019 and 2018, respectively. Stock-Based Compensation Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, are to be recognized in the income statement based on their fair values. Pro forma disclosure is no longer an alternative. Amortization of the fair values of stock options issued for services and compensation totaled $100,526 and $310,731 for the years ended December 31, 2019 and 2018, respectively. The fair values of stock options were determined 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 and are being amortized over the related implied service term, or vesting period. Uncertain Tax Positions In accordance with ASC 740, “Income Taxes” (“ASC 740”), the Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be capable of withstanding examination by the taxing authorities based on the technical merits of the position. 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 can 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. The Company 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 From time to time, 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, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company's financial statements upon adoption. In July 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases In January 2016, the FASB issued ASU 2016-01, Financial Instruments Technical Corrections and Improvements to Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities The provisions within this Update require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option. This amendment excludes from net income gains or losses that the entity may not realize because those financial liabilities are not usually transferred or settled at their fair values before maturity. The amendments in this Update require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or in the accompanying notes to the financial statements. For public business entities, the amendments in ASU 2016-01 are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this standard had a material impact on the Company’s consolidated financial statements beginning in the year ended December 31, 2019.

3. Going Concern

3. Going Concern	12 Months Ended
	Dec. 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 December 31, 2019, the Company had a cash balance of $108,756 and negative working capital of $1,289,995 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 debt 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. BRAC's IPO, Consolidation of

4. BRAC's IPO, Consolidation of BRAC and Non-controlling Interest	12 Months Ended
	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
BRAC's IPO, Consolidation of BRAC and Non-controlling Interest	Note 4 – 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 IPO, 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 prior to the BRAC’s merger on August 9, 2019. 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 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 BRAC meeting the conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of the Investment Company Act, as determined by BRAC, 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 prior to the BRAC’s merger on August 9, 2019. 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”). The Extension Meeting On July 9, 2019, BRAC held a special meeting of its stockholders (the “Meeting”). At the Meeting, BRAC’s stockholders considered a proposal to adopt and approve an amendment to BRAC’s amended and restated certificate of incorporation (the “Charter”) to extend the date that BRAC had to consummate a business combination (the “Extension”) to August 10, 2019. The amendment was approved by the stockholders and filed with the Secretary of State of the State of Delaware on July 9, 2019. In connection with this vote, the holders of 9,246,727 shares of BRAC’s common stock properly exercised their right to convert their shares into cash at a conversion price of approximately $10.29 per share resulting in $95,125,574 in Trust Account assets being distributed back to shareholders. In connection with the Extension, BROG loaned $30,000 to BRAC to be placed in the Trust Account for the benefit of the public shares that were not converted. The loan was non-interest bearing and evidenced by a promissory note issued by BRAC on the same date. The loan was repaid on August 12, 2019. Business Combination Agreement On December 19, 2018, BRAC entered into the Business Combination Agreement with Merger Sub, Allied Esports, Ourgame, Noble and Primo. The Business Combination Agreement was amended on August 5, 2019 and the Business Combination Agreement as amended is referred to as the Amended Business Combination Agreement. The merger closed on August 9, 2019 (the “Closing Date”). Subject to the Amended Business Combination Agreement, (i) Noble merged 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 merged with 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 resulted 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 transactions strategically combined 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. The Business Combination Agreement, which originally called for a debt repayment to Ourgame of $35,000,000 was amended to call for BRAC to (i) assume $10,000,000 of the debt obligations of Ourgame and Noble (including an additional $1,200,000 of accrued interest) and (ii) repay Ourgame the remaining balance of $23,800,000 by paying $3,500,000 in cash to Ourgame and its designees, issuing to Ourgame and its designees 2,928,679 shares of BRAC’s common stock and Ourgame retaining $1,000,000 of the proceeds of such loans to pay its transaction expenses incurred in the Merger. In connection with entering into the Amendment, BROG, as BRAC’s founder, agreed to transfer an aggregate of 600,000 shares of BRAC’s common stock held by it to Ourgame. Additionally, In July and August 2019, BRAC and BROG entered into several share purchase agreements (the “Purchase Agreements”) with several parties (collectively referred to as the “Purchasers”). Pursuant to the Purchase Agreements, the Purchasers agreed to purchase an aggregate of $18,000,000 of shares of BRAC’s common stock in open market or privately negotiated transactions. If the Purchasers were unable to purchase the full $18,000,000 of shares of common stock in open market or privately negotiated transactions, BRAC will issue to the Purchasers newly issued shares at the Closing at a per-share price equal to the per-share amount held in BRAC’s trust account ($10.30 per share), and having an aggregate value equal to the difference between $18,000,000 and the dollar amount of shares purchased by them in the open market or in privately negotiated transactions. At the Closing, BRAC agreed to issue to the Purchasers 1.5 shares of common stock for every 10 shares purchased by them under the Purchase Agreements. Additionally, BROG agreed to transfer an aggregate of 720,000 shares held by it of BRAC common stock to the Purchasers. Pursuant to the Purchase Agreements, BRAC is required to file a registration statement with the SEC as promptly as practicable following the closing of the merger to register the resale of any securities purchased by the Purchasers that are not already registered and cause such registration statement to become effective as soon as possible. The Purchasers included a $3 million investment from Lyle Berman, a member of the board of directors of both BRAC and BROG and the largest shareholder of BROG. Additionally, $5 million will be held in an escrow account and its usage will be limited to specific capital projects. Consummation of the transactions contemplated by the Amended Business Combination Agreement was subject to certain closing conditions including, among others, (i) approval by the stockholders of BRAC, and (ii) that BRAC have available cash in an amount not less than $22,000,000 after payment to stockholders who elect to redeem their shares of common stock in accordance with the provisions of BRAC’s charter documents. This second condition was waived by Ourgame prior to the close. Consolidation of BRAC and Non-controlling Interest The Company determined that BRAC, following its IPO, was 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 had 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, the consolidated financial statements contain the operations of the BRAC from its inception on May 9, 2017 through the date of the merger, when BRAC was determined to no longer be a VIE. BRAC’s IPO shareholders are reflected in our Consolidated Financial Statements as a redeemable non-controlling interest prior to the merger. 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. During the period in which BRAC was consolidated, 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. Deconsolidation of BRAC Additionally, US GAAP (ASC 810-10-40) provides guidance on “Derecognition” of a previously consolidated entity or entities. Under this guidance, the Company shall account for the deconsolidation of a subsidiary or derecognition of a group of assets specified in ASC 810-10-40-3A by recognizing a gain or loss in net income attributable to the parent, measured as the difference between the combination of: a) The fair value of: · any consideration received. In this case, the Company received no consideration. · any retained non-controlling investment in the former subsidiary or group of assets at the date the subsidiary is deconsolidated, or the group of assets is derecognized. In this case the fair value of the BRAC common stock at the close of the business combination was $11,950,475, and; b) The carrying amount of the former subsidiaries assets and liabilities or the carrying amount of the group of assets. With the above guidance the Company determined that the effect of the deconsolidation of BRAC produced a gain of $20,448,687, which is a non-cash adjustment. Intercompany Transactions and Eliminations BROG was paid a management fee by AESE of $10,000 per month as part of an administrative services agreement, which commenced October 5, 2017 and ended on the date of the merger, for general and administrative services including the cost of office space and personnel dedicated to AESE. BROG was also reimbursed for any out-of-pocket expenses, particularly travel, incurred in connection with activities on AESE’s behalf, including but not limited to identifying potential target businesses and performing due diligence on suitable business combinations. AESE paid a total of $72,903 to BROG for such services in 2019, prior to the merger and while AESE remained a VIE and was consolidated. The management services income of BROG and the management services expense of AESE as well as any balances due between the companies for such services or reimbursements were eliminated in consolidation. Management fees earned by BROG of $466,595 subject to the management services agreement between AESE and BROG in effect subsequent to the merger are not eliminated.

5. Related Party

5. Related Party	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party	Note 5 – Related Party 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% As of December 31, 2019, and following the AESE merger on August 9, 2019, the Company owned 2,685,500 shares of AESE common stock. As a result, 537,100 shares of AESE common stock (the “AESE Shares”) are committed to employees and directors of the Company. Employees and directors are required to remain in their positions for a one-year period, with certain exceptions, to receive the granted shares. The AESE Shares had a fair market value of $1,396,460 on December 31, 2019. The Company recognized the full expense related to the Plan immediately upon the AESE merger date. Compensation expense of $2,309,095 was recognized upon merger and was adjusted on December 31, 2019 to $1,396,460 due to changes in the AESE market price between the August 9, 2019 merger and December 31, 2019. Subsequent adjustments will be required each quarter to adjust the deferred compensation liability until the shares can be transferred to the employees. Shares Transferred to Purchasers of BRAC Common Stock As presented in Note 5, In July and August 2019, BRAC and BROG entered into several share purchase agreements (the “Purchase Agreements”) with several parties (collectively referred to as the “Purchasers”). Pursuant to the Purchase Agreements, the Purchasers agreed to purchase an aggregate of $18,000,000 of shares of BRAC’s common stock in open market or privately negotiated transactions. If the Purchasers were unable to purchase the full $18,000,000 of shares of common stock in open market or privately negotiated transactions, BRAC will issue to the Purchasers newly issued shares at the Closing at a per-share price equal to the per-share amount held in BRAC’s trust account ($10.30 per share), and having an aggregate value equal to the difference between $18,000,000 and the dollar amount of shares purchased by them in the open market or in privately negotiated transactions. At the Closing, BRAC agreed to issue to the Purchasers 1.5 shares of common stock for every 10 shares purchased by them under the Purchase Agreements. Additionally, the Company agreed to transfer an aggregate of 720,000 shares held by it of BRAC common stock to the Purchasers. The Purchasers included a $3 million investment from Lyle Berman, a member of the board of directors of both BRAC and BROG and the largest shareholder of BROG. Mr. Berman received 43,800 bonus shares of BRAC common stock issued by BRAC and 120,000 shares of BRAC common stock transferred from the Company. BRAC Convertible Loans In order to finance transaction costs in connection with an intended initial business combination, BROG had loaned AESE an aggregate $750,000 in the form of convertible notes. The notes were unsecured, non-interest bearing and payable upon the consummation by AESE 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 could be converted, at BROG’s option, to units at a price of $10.00 per unit. The terms of the units were identical to the units issued by BRAC in its IPO, except the warrants included in such units could be exercised on a cashless basis, in each case so long as they continued to be held by BROG or its permitted transferees. BROG elected to convert $600,000 of the principal balance of the convertible promissory notes and received 60,000 units consisting of 66,000 shares of AESE common stock (after conversion of the stock rights into 6,000 shares) and 60,000 warrants. The remaining $150,000 was repaid to BROG at the date of merger.

6. Fair Value of Financial Inst

6. Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 6 – Fair Value of Financial Instruments 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 has cash and cash equivalents and a revolving credit facility that must be measured under the 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 balances sheet as of December 31, 2019 and 2018: Fair Value Measurements at December 31, 2019 Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 108,756 $ – $ – Investment in Allied Esports Entertainment, Inc. 6,982,300 – – Total assets 7,091,056 – – Liabilities None – – – Total liabilities – – – $ 7,091,056 $ – $ – Fair Value Measurements at December 31, 2018 Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 1,503,500 $ – $ – Restricted cash and investments held in trust 141,307,307 – – Total assets 142,810,807 – – Liabilities None – – – Total liabilities – – – $ 142,810,807 $ – $ – There were no transfers of financial assets or liabilities between Level 1 and Level 2 inputs for the years ended December 31, 2019 and 2018.

7. Prepaid Expenses

7. Prepaid Expenses	12 Months Ended
	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses	Note 7 – Prepaid Expenses Prepaid expenses consist of the following: December 31, 2019 2018 Prepaid insurance costs $ 21,090 $ 17,501 Prepaid employee benefits 11,587 11,865 Prepaid office and other costs 14,474 13,319 Total prepaid expenses $ 47,151 $ 42,685

8. Property and Equipment

8. Property and Equipment	12 Months Ended
	Dec. 31, 2019
Property and equipment:
Property and Equipment	Note 8 – Property and Equipment Property and equipment at December 31, 2019 and 2018, consisted of the following: December 31, 2019 2018 Property and equipment $ 134,202 $ 128,156 Less: Accumulated depreciation and amortization (127,803 ) (126,931 ) Total property and equipment, net $ 6,399 $ 1,225 Depreciation of property and equipment was $872 and $9,472 for the years ended December 31, 2019 and 2018, respectively.

9. Investments in Allied Esport

9. Investments in Allied Esports Entertainment, Inc.	12 Months Ended
	Dec. 31, 2019
Investments, All Other Investments [Abstract]
Investments in Allied Esports Entertainment, Inc.	Note 9 – Investment in Allied Esports Entertainment, Inc. Following the close of BRAC’s merger, the Company retained 2,685,500 shares of AESE common stock with a value, based on the closing stock of $4.45 on the merger, of $11,950,475. As noted above, in Note 5 - Related Party Transactions, 20% or 537,100, of the shares are committed to be released to employees one year from the date of the merger, or on August 19, 2020. Therefore, the Company recorded compensation expense and recorded a deferred compensation liability of $1,396,460 to recognize the commitment to employees. As of December 31, 2019, the market value of the Company’s investment in AESE’s common stock was $6,982,300, based on the closing stock price of $2.60 per share. Thus, we recognized a loss of $4,968,175, and adjusted the compensation expense and deferred compensation expense to $1,396,460 to reflect the change in the market value of the stock committed to employees and directors. The balance in deferred compensation will be adjusted quarterly to reflect changes in the market value of the AESE common stock committed to them.

10. Stockholders' Equity

10. Stockholders' Equity	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Stockholders' Equity	Note 10 – Stockholders’ Equity Reverse Stock Split On February 21, 2020, the Company effected a 1-for-300 . · Stockholders owning 300 or more shares of Common Stock will receive (1) one share of Common Stock for every 300 shares owned and (2) cash in lieu of fractional shares upon the surrender of such stockholder’s shares; · Stockholders owning between 25 and 300 shares of Common Stock will have their ownership of shares of Common Stock rounded up to one share; and · Stockholders owning fewer than 25 shares of Common Stock will receive cash in lieu of fractional shares upon the surrender of such stockholders’ shares and will no longer own shares of Common Stock. Any cash payment in lieu of fractional shares were based on the volume weighted average of the closing sales prices of the Company’s Common Stock on the OTCQB operated by OTC Markets Group Inc. (the “OTCQB”) during regular trading hours for the five consecutive trading days immediately preceding the Effective Date. The Company was authorized to issue 500,000,000 shares of common stock prior to the Reverse Stock Split, which remains unaffected. The Reverse Stock Split did not have any effect on the stated par value of the common stock, or the Company’s authorized preferred stock. Unless otherwise stated, all share and per share information in this Annual Report on Form 10-K/A has been retroactively adjusted to reflect the Reverse Stock Split. 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 December 31, 2019 and 2018, a total of 1,600,484 shares of common stock have been issued. No shares were issued during 2019, and the Company issued 150 shares of common stock as a result of warrant exercises during 2018.

11. Options

11. Options	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Options	Note 11 – Options Options Granted No options were granted during the years ended December 31, 2019 and 2018. The Company recognized a total of $100,526, and $310,731 of compensation expense during the years ended December 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 $14,396 as of December 31, 2019. Options Cancelled or Forfeited An aggregate 1,284 and 206 options with a weighted average strike price of $27.18 and $152.71 per share were forfeited by former employees during the years ended December 31, 2019 and 2018, respectively. Options Expired An aggregate 457 and 40 options with a weighted average strike price of $9.51 and $24.00 per share expired during the years ended December 31, 2019 and 2018, respectively. Options Exercised No options were exercised during the years ended December 31, 2019 and 2018. The following is a summary of information about the Stock Options outstanding at December 31, 2019. Shares Underlying Shares Underlying Options Outstanding Options Exercisable Weighted Shares Average Weighted Shares Weighted Underlying Remaining Average Underlying Average Range of Options Contractual Exercise Options Exercise Exercise Prices Outstanding Life Price Exercisable Price $9.33 - $300.00 34,204 4.76 years $89.31 33,758 $88.26 The following is a summary of activity of outstanding stock options: Weighted Average Number Exercise of Shares Prices Balance, December 31, 2017 36,191 $ 87.00 Options expired (40 ) (24.00 ) Options cancelled (206 ) (153.00 ) Options granted – – Options exercised – – Balance, December 31, 2018 35,945 87.00 Options expired (457 ) (9.51 ) Options cancelled (1,284 ) (27.18 ) Options granted – – Options exercised – – Balance, December 31, 2019 34,204 $ 89.31 Exercisable, December 31, 2019 33,758 $ 88.26

12. Warrants

12. Warrants	12 Months Ended
	Dec. 31, 2019
Warrants and Rights Note Disclosure [Abstract]
Warrants	Note 12 – Warrants Warrants Granted No warrants were granted during the years ended December 31, 2019 and 2018. Warrants Cancelled No warrants were cancelled during the years ended December 31, 2019 and 2018. Warrants Expired No warrants expired during the years ended December 31, 2019 and 2018. Warrants Exercised No warrants were exercised during the year ended December 31, 2019. During the year ended December 31, 2018, there were 150 warrants exercised at $3.00 per share resulting in proceeds of $450. The following is a summary of activity of outstanding warrants: Weighted Average Number Exercise of Shares Prices Balance, December 31, 2017 1,450 $ 3.00 Warrants expired – – Warrants cancelled – – Warrants granted – – Warrants exercised (150 ) (3.00 ) Balance, December 31, 2018 1,300 3.00 Warrants expired – – Warrants cancelled – – Warrants granted – – Warrants exercised – – Balance, December 31, 2019 1,300 $ 3.00 Exercisable, December 31, 2019 1,300 $ 3.00

13. Settlement Income

13. Settlement Income	12 Months Ended
	Dec. 31, 2019
Settlement Income
Settlement Income	Note 13 – Settlement Income On August 21, 2018, the Company entered into an agreement to modify the terms of the Settlement Agreement and Release entered into as of September 27, 2012 between the Company, Peerless Media, Ltd. and ElectraWorks, Ltd. Based on the new agreement, the Company received $2.25 million and agreed to terminate its rights to any additional payments under the original Settlement Agreement.

14. Income Taxes

14. Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 14 – Income Taxes We account for income taxes under the provisions of ASC Topic 740, Income taxes, Our provision for income taxes for the years ended December 31, 2019 and 2018 consisted of the following: December 31, 2019 2018 Current taxes $ – $ – Deferred taxes – – Net income tax provision (benefit) $ – $ – The effective income tax rate for the years ended December 31, 2019 and 2018 consisted of the following: December 31, 2019 2018 Federal statutory income tax rate 21.0% 21.0% State income taxes 7.7% 7.7% Permanent differences 0.1% 0.1% Change in valuation allowance (28.8% ) (28.8% ) Net effective income tax rate 0.0% 0.0% The components of the deferred tax assets and liabilities as of December 31, 2019 and 2018 are as follows: December 31, 2019 2018 Deferred tax assets: Federal and state net operating loss carryovers $ 7,692,561 $ 7,402,252 Stock compensation 2,327,142 2,294,552 Property and equipment 34 459 Deferred compensation 401,371 – Reorganization costs 38,508 38,508 Total deferred tax assets $ 10,459,616 $ 9,735,771 Deferred tax liabilities: Unrealized gain on investment in Allied Esports Entertainment, Inc. (4,449,409 ) – Total deferred liabilities (4,449,409 ) – Net deferred tax assets (liabilities) 6,010,207 9,735,771 Less: valuation allowance (6,010,207 ) (9,735,771 ) Deferred tax assets (liabilities) $ – $ – As of December 31, 2019, the Company has net operating loss carryover of approximately $26,764,183. Under existing Federal law, a portion of the net operating loss may be utilized to offset taxable income through the year ended December 31, 2037. A portion of the net operating loss carryover begins to expire in 2030. For tax years beginning after December 31, 2017, pursuant to the enactment of the Tax Cuts and Jobs Act (“TCJA”) net operating losses now carry forward indefinitely but are limited to offsetting 80% of taxable income in a tax year. Of the total net operating loss as of December 31, 2019, approximately $1,010,052 of the Company’s NOL is subject to the TCJA net operating loss provisions. ASC Topic 740 provides that a valuation allowance is recognized if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax asset will not be realized. In 2019, BROG increased its valuation allowance from $9,735,771 to $6,010,207 to adjust for the decrease in net deferred tax assets primarily due to an unrealized gain recorded for book purposes related to the investment in Allied Esports Entertainment, Inc. The Company believes it is more likely than not that the benefit of these remaining assets will not be realized. The Company did not place a valuation allowance on deferred tax asset for BRAC related to the capitalized merger and acquisition costs. The Company files annual US Federal income tax returns and annual income tax returns for the state of Minnesota. We are not subject to income tax examinations by tax authorities for years before 2014 for all returns. Income taxing authorities have conducted no formal examinations of our past federal or state income tax returns and supporting records. The Company adopted the provisions of ASC Topic 740 regarding uncertainty in income taxes. The Company has found no significant uncertain tax positions as of any date on or before December 31, 2019.

15. Commitments

15. Commitments	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments	Note 15 – Commitments The Company is involved in various inquiries, administrative proceedings and litigation relating to matters arising in the normal course of business. The Company 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. Management is not able to estimate the minimum loss to be incurred, if any, as a result of the final outcome of the matters arising in the normal course of business but believes they are not likely to have a material adverse effect upon the Company’s financial position or results of operations and, accordingly, no provision for loss has been recorded. 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.

16. Subsequent Events

16. Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 16 – Subsequent Events The Company evaluates events that have occurred after the balance sheet date through the date hereof, which these financial statements were issued. No events occurred of a material nature that would have required adjustments to or disclosure in these financial statements except as follows: On February 26, 2020, the Company’s Board of Directors granted an aggregate amount of 240,000 stock options pursuant to the 2020 Equity Plan to purchase shares of the Company’s common stock to several officers, directors, and employees at an exercise price of $5.41 per share, which represents the closing price of the Company’s shares on the OTCQB marketplace on February 20, 2020. The officers and directors receiving grants and the amounts of such grants were as follows: Stock Option Name and Title Shares Granted Ken DeCubellis, Chief Executive Officer and Interim Chief Financial Officer 60,377 Michael Eisele, Chief Operating Officer 42,264 Bradley Berman, Chairman of the Board and Director 24,151 Joseph Lahti, Director 24,151 Benjamin Oehler, Director 24,151 Lyle Berman, Director 24,151 Total: 199,245 All of the stock options granted under the 2020 Equity Plan presented in the table above will vest in five equal installments, commencing one year from the date of grant on February 26, 2021, and continuing for the next four anniversaries thereof until fully vested. On February 18, 2020, the Company filed a Certificate of Amendment to its Articles of Incorporation with the Secretary of State of Nevada to effect the Company’s previously announced 300-for-one reverse stock split of the Company’s issued and outstanding common stock, par value $0.0001 per share. The Reverse Stock Split, effective as of February 21, 2020, converts every 300 shares of the Company’s issued and outstanding Common Stock into one share of Common Stock. Pursuant to the Amended Articles, no fractional shares will be issued for any fraction of a share of common stock that would otherwise have resulted from the Reverse Stock Split. Following the Effective Date: · Stockholders owning 300 or more shares of Common Stock will receive (1) one share of Common Stock for every 300 shares owned and (2) cash in lieu of fractional shares upon the surrender of such stockholder’s shares; · Stockholders owning between 25 and 300 shares of Common Stock will have their ownership of shares of Common Stock rounded up to one share; and · Stockholders owning fewer than 25 shares of Common Stock will receive cash in lieu of fractional shares upon the surrender of such stockholders’ shares and will no longer own shares of Common Stock. Any cash payment in lieu of fractional shares are based on the volume weighted average of the closing sales prices of the Company’s Common Stock on the OTCQB operated by OTC Markets Group Inc. during regular trading hours for the five consecutive trading days immediately preceding the Effective Date. On January 2, 2020, the Company deposited 500,000 shares of its holdings of Allied Esports Entertainment Inc. (NASDAQ: AESE) pursuant to its brokerage account agreement with RBC Capital Markets, LLC. Under this standard brokerage agreement, the Company will be able to borrow funds secured by the value of the AESE shares pursuant to a standard margin account arrangement. The current value of the deposited AESE shares is $1,200,000 based on a closing price of $2.40 as of March 5, 2020. On March 12, 2020, the Company entered into a business loan agreement with Cadence Bank, N.A. (“Cadence”), as lender encompassing a $700,000 Promissory Note issued to Cadence (the “Note”), a Security Agreement by the Company in favor of Cadence and limited commercial guarantees by the Company’s Chief Executive Officer and Interim Chief Financial Officer and members of the Company’s Board of Directors (the “Guarantors”) (collectively, the “Cadence Loan”). The Note bears interest at a rate of 0.500 percentage points over the prime rate as published in the Wall Street Journal, currently 4.25% per annum, payable monthly, and is due on March 9, 2021. The Note may be repaid at any time without penalty. The Note is secured by all of the Company’s rights, title and interests in and to 500,000 shares of the common stock of Allied Esports Entertainment Inc. (NASDAQ: AESE) currently owned by the Company and held in the Company’s brokerage account with RBC Capital Markets, LLC. In consideration for their willingness to serve as guarantors of the Cadence Loan, the Company issued warrants to each of the Guarantors (the “Guarantor Warrants”) for the purchase of the Company’s common stock. The Guarantor Warrants entitle each Guarantor to purchase 26,250 shares of the Company's common stock (the “Warrant Shares”) at an exercise price of $4.00 per share. The Guarantor Warrants expire on March 12, 2030.

17. Explanation of our Restatem

17. Explanation of our Restatement	12 Months Ended
	Dec. 31, 2019
Accounting Changes and Error Corrections [Abstract]
Explanation of our Restatement	Note 17 – Explanation of our Restatement he Company is filing this Amendment No. 1 on Form 10-K/A to its Annual Report for the Annual period ended December 31, 2019, which was filed with the Securities and Exchange Commission (“SEC”) on March 25, 2020 (the “Original Report”) in response to certain issues set forth in our Current Report on Form 8-K filed with the SEC on May 15, 2020 (the “Form 8-K”). The financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2019 require restatement in order to correct the presentation of unrealized losses on our investment in Allied Esports Entertainment, Inc. In accordance with Accounting Standards Update No. 2016-01 – Financial Instruments – Overall (Subtopic 825-10) BLACK RIDGE OIL & GAS, INC. CONSOLIDATED BALANCE SHEETS As Originally Reported As Restated December 31, December 31, 2019 Adjusted 2019 ASSETS Current assets: Cash and cash equivalents $ 108,756 $ – $ 108,756 Receivable from Allied Esports Entertainment, Inc. 505 – 505 Prepaid expenses 47,151 – 47,151 Total current assets 156,412 – 156,412 Property and equipment: Property and equipment 134,202 – 134,202 Less accumulated depreciation (127,803 ) – (127,803 ) Total property and equipment, net 6,399 – 6,399 Investment in Allied Esports Entertainment, Inc. 6,982,300 – 6,982,300 Total assets $ 7,145,111 $ – $ 7,145,111 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 35,727 $ – $ 35,727 Accrued expenses 14,220 – 14,220 Deferred compensation 1,396,460 – 1,396,460 Total current liabilities 1,446,407 – 1,446,407 Long term liabilities – – – Total liabilities 1,446,407 – 1,446,407 Commitments and contingencies – – – Stockholders' equity: Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued and outstanding – – – Common stock, $0.001 par value, 500,000,000 shares authorized, 1,600,484 shares issued and outstanding 1,600 – 1,600 Additional paid-in capital 37,054,503 – 37,054,503 Accumulated other comprehensive income (4,968,175 ) 4,968,175 – Accumulated deficit (26,389,224 ) (4,968,175 ) (31,357,399 ) Total stockholders' equity 5,698,704 – 5,698,704 Total liabilities, redeemable non-controlling interest and stockholders' equity $ 7,145,111 $ – $ 7,145,111 The accompanying notes are an integral part of these financial statements. BLACK RIDGE OIL & GAS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS As Originally Reported Adjusted As Restated Management fee income $ 466,595 $ – $ 466,595 Total revenues 466,595 – 466,595 Operating expenses: General and administrative expenses: Salaries and benefits 1,172,745 – 1,172,745 Stock-based and compensation 100,526 – 100,526 Deferred compensation 1,396,460 – 1,396,460 Professional services 132,505 – 132,505 Other general and administrative expenses 259,968 – 259,968 Total general and administrative expenses 3,062,204 – 3,062,204 Depreciation and amortization 872 – 872 Total operating expenses 3,063,076 – 3,063,076 Net operating loss (2,596,481 ) – (2,596,481 ) Other income (expense): Gain on deconsolidation of subsidiary 20,448,687 – 20,448,687 Other income 51 – 51 Loss on investment in Allied Esports Entertainment, Inc. – (4,968,175 ) (4,968,175 ) Total other income 20,448,738 (4,968,175 ) 15,480,563 Net income before provision for income taxes 17,852,257 (4,968,175 ) 12,884,082 Provision for income taxes – – – Net income from continuing operations, net of tax 17,852,257 (4,968,175 ) 12,884,082 Net income (loss) from discontinued operations (7,421,050 ) – (7,421,050 ) Net income before non-controlling interest 10,431,207 (4,968,175 ) 5,463,032 Less net income attributable to redeemable non-controlling interest (1,332,529 ) – (1,332,529 ) Net income (loss) attributable to Black Ridge Oil & Gas, Inc. $ 9,098,678 $ (4,968,175 ) $ 4,130,503 Other comprehensive income: Unrealized loss on investments $ (4,968,175 ) $ 4,968,175 $ – Net other comprehensive income (loss) attributed to Black Ridge Oil & Gas, Inc. $ 4,130,503 $ 4,130,503 $ – Weighted average common shares outstanding - basic 1,600,484 – 1,600,484 Weighted average common shares outstanding - fully diluted 1,601,346 – 1,601,346 Net income per common share - basic $ 5.68 $ (3.10 ) $ 2.58 Net income per common share - fully diluted $ 5.68 $ (3.10 ) $ 2.58 The accompanying notes are an integral part of these financial statements. BLACK RIDGE OIL & GAS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS As Originally Reported Adjusted As Restated CASH FLOWS FROM OPERATING ACTIVITIES Net income attributable to Black Ridge Oil & Gas, Inc. $ 9,098,678 $ (4,968,175 ) $ 4,130,503 Net loss from discontinued operations 7,421,050 – 7,421,050 Net income attributable to redeemable non-controlling interest 1,332,529 – 1,332,529 Adjustments to reconcile net loss attributable to Black Ridge Oil & Gas, Inc. to net cash provided by (used in) operating activities: Gain on deconsolidation of subsidiary (20,448,687 ) – (20,448,687 ) Depreciation and amortization 872 – 872 Loss on investment in Allied Esports Entertainment, Inc. – 4,968,175 4,968,175 Amortization of stock options 100,526 – 100,526 Deferred compensation 1,396,460 – 1,396,460 Decrease (increase) in current assets: Accounts receivable 13 – 13 Accounts receivable, related party (505 ) – (505 ) Prepaid expenses (4,466 ) – (4,466 ) Increase (decrease) in current liabilities: Accounts payable 3,789 – 3,789 Accrued expenses 8,529 – 8,529 Net cash provided by (used in) operating activities of continuing operations (1,091,212 ) – (1,091,212 ) Net cash used in operating activities of discontinued operations (8,618,568 ) – (8,618,568 ) Net cash used in operating activities (9,709,780 ) – (9,709,780 ) CASH FLOWS FROM INVESTING ACTIVITIES Cash disposed in deconsolidation (9,991,684 ) – (9,991,684 ) Purchase of property and equipment (6,046 ) – (6,046 ) Net cash used in investing activities of continuing operations (9,997,730 ) – (9,997,730 ) Net cash provided by investing activities of discontinued operations 16,880,792 – 16,880,792 Net cash provided by investing activities 6,883,062 – 6,883,062 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from exercise of stock warrants – – – Net cash provided by financing activities from continuing operations – – – Net cash provided by financing activities from discontinued operations 1,431,974 – 1,431,974 Net cash provided by financing activities 1,431,974 – 1,431,974 NET CHANGE IN CASH AND CASH EQUIVALENTS (1,394,744 ) – (1,394,744 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,503,500 – 1,503,500 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 108,756 $ – $ 108,756 SUPPLEMENTAL INFORMATION: Interest paid $ – $ – $ – Income taxes paid $ – $ – $ – NON-CASH INVESTING AND FINANCING ACTIVITIES: Unrealized loss on investment in AESE $ 4,968,175 $ (4,968,175 ) $ – Recognition of subsidiary equity upon deconsolidation $ 8,498,212 $ – $ 8,498,212 Non-cash investing and financing activities in discontinued operations $ 229,914,415 $ – $ 229,914,415 The accompanying notes are an integral part of these financial statements.

2. Summary of Significant Acc_2

2. Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Accounting	Basis of Accounting Our financial statements are prepared using the accrual method of accounting as generally accepted in the United States of America (U.S. GAAP) and the rules of the Securities and Exchange Commission (SEC).
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. (“BRAC”) Delaware Subsidiary (1) (1) Wholly-owned subsidiary through October 10, 2017, the date of BRAC’s IPO, after which it was consolidated as a variable interest entity through August 9, 2019, the date of BRAC’s business combination. BRAC was renamed Allied Esports Entertainment, Inc. (‘AESE”) on the date of its business combination and all references to the surviving entity following the business combination are hereafter referred to as such. The Company had determined that AESE, following its IPO, was a variable interest entity (“VIE”) and that the Company was the primary beneficiary of the VIE. The Company determined that, due to the redemption feature associated with the IPO shares, that the IPO shareholders were indirectly protected from the operating expenses of BRAC and it had the power to direct the activities of BRAC through the date BRAC afforded the stockholders the opportunity to vote to approve the proposed business combination. Therefore, BRAC’s operations are included in the BROG’s consolidated financial statements herein through August 9 2019. BRAC’s IPO shareholders are reflected in our Consolidated Financial Statements as a non-controlling interest through BRAC’s business combination on August 9, 2019. Under guidance in ASC 810-10-05-8 (“Consolidation of VIEs”) the Company’s management has determined that BRAC, following its merger, should no longer be consolidated for financial statement purposes as the Company no longer had the power to direct the activities of BRAC. Following BRAC’s business combination, the Company’s investment in AESE is accounted for using the cost method as AESE no longer was considered a VIE and the Company now owned 12.4% of the outstanding common stock of AESE. All significant inter-company transactions have been eliminated in the preparation of these financial statements. The parent company, BROG, and BRAC, for the period it was consolidated, are 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.
Reclassifications	Reclassifications In the current year, the income, expense and cash flows from BRAC during the period they were consolidated have been classified as discontinued operations. For comparative purposes amounts in the prior periods have been reclassified to conform to current year presentation. Additionally, the assets and liabilities from BRAC are shown on the balance sheet as assets and liabilities for discontinued operations.
Segment Reporting	Segment Reporting FASB ASC 280-10-50 requires annual and interim reporting for an enterprise’s operating segments and related disclosures about its products, services, geographic areas and major customers. An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenues and expenses, and about which separate financial information is regularly evaluated by the chief operating decision maker in deciding how to allocate resources. The Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations.
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 December 31, 2019 and 2018 were $-0- and $2,312, respectively.
Restricted cash and securities held in Trust Account	Restricted Cash and Securities held in Trust Account The Company had $2,312 of cash equivalents and $141,304,995 of marketable securities on December 31, 2018 held in the Trust Account which was restricted for the benefit of the AESE’s IPO shareholders to be available for those shareholders in the event they elected to redeem their shares following an approved business combination.
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 $-0- and $1,119,770 in excess of FDIC and SIPC insured limits at December 31, 2019 and 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. On December 22, 2017 the U.S. Tax Cuts and Jobs Act of 2017 (“Tax Reform”) was signed into law. As a result of Tax Reform, the U.S. statutory rate was lowered from 35% to 21% effective January 1, 2018, among other changes. ASC Topic 740 requires companies to recognize the effect of tax law changes in the period of enactment; therefore, the Company was required to value its deferred tax assets and liabilities at the new rate. The SEC issued Staff Accounting Bulletin No. 118 (“SAB 108”) to address the application of GAAP in situations when a registrant does not have the necessary information available, prepared or analyzed (including computations) in reasonable detail to complete the accounting for certain effects of Tax Reform. The ultimate impact may differ from the provisional amount, possibly materially, as a result of additional analysis, changes in interpretations and assumptions the Company has made, additional regulatory guidance that may be issued and actions the Company may take as a result of Tax Reform.
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 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 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 long-lived assets related to continuing operations. Depreciation expense was $872 and $9,472 for the years ended December 31, 2019 and 2018, respectively.
Revenue Concentration	Revenue Concentration All of the Company’s revenue earned came from management fees earned through its management services agreement with BRAC, which ceased as of December 31, 2019.
Revenue Recognition	Revenue Recognition The Company recognizes management fee income as services are provided.
Basic and Diluted Earnings Per Share	Basic and Diluted Earnings (Loss) Per Share Basic earnings (loss) per share (“EPS”) are computed by dividing net income (the numerator) by the weighted average number of common shares outstanding for the period (the denominator). Diluted EPS is computed by dividing net income 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. The reconciliation of the denominators used to calculate basic EPS and diluted EPS for the years ended December 31, 2019 and 2018 are as follows: Years Ended December 31, 2019 2018 Weighted average common shares outstanding – basic 1,600,484 1,600,484 Plus: Potentially dilutive common shares: Stock options and warrants 862 – Weighted average common shares outstanding – diluted 1,601,346 1,600,484 For 2019 and 2018, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share. Stock options and warrants excluded from the calculation of diluted EPS because their effect was anti-dilutive were 34,204 and 37,245 of December 31, 2019 and 2018, respectively.
Stock-Based Compensation	Stock-Based Compensation Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, are to be recognized in the income statement based on their fair values. Pro forma disclosure is no longer an alternative. Amortization of the fair values of stock options issued for services and compensation totaled $100,526 and $310,731 for the years ended December 31, 2019 and 2018, respectively. The fair values of stock options were determined 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 and are being amortized over the related implied service term, or vesting period.
Uncertain Tax Positions	Uncertain Tax Positions In accordance with ASC 740, “Income Taxes” (“ASC 740”), the Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be capable of withstanding examination by the taxing authorities based on the technical merits of the position. 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 can 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. The Company 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 From time to time, 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, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company's financial statements upon adoption. In July 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases In January 2016, the FASB issued ASU 2016-01, Financial Instruments Technical Corrections and Improvements to Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities The provisions within this Update require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option. This amendment excludes from net income gains or losses that the entity may not realize because those financial liabilities are not usually transferred or settled at their fair values before maturity. The amendments in this Update require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or in the accompanying notes to the financial statements. For public business entities, the amendments in ASU 2016-01 are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this standard had a material impact on the Company’s consolidated financial statements beginning in the year ended December 31, 2019.

2. Summary of Significant Acc_3

2. Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of entities	Name of entity State of Incorporation Relationship Black Ridge Oil and Gas, Inc. Nevada Parent Black Ridge Acquisition Corp. (“BRAC”) Delaware Subsidiary (1)
Schedule of weighted average common shares	Years Ended December 31, 2019 2018 Weighted average common shares outstanding – basic 1,600,484 1,600,484 Plus: Potentially dilutive common shares: Stock options and warrants 862 – Weighted average common shares outstanding – diluted 1,601,346 1,600,484

5. Related Party (Tables)

5. Related Party (Tables)	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Percentage of BRAC Shares Owned by the Company Granted to the Grantee	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%

6. Fair Value of Financial In_2

6. Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Valuation of financial instruments at fair value	Fair Value Measurements at December 31, 2019 Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 108,756 $ – $ – Investment in Allied Esports Entertainment, Inc. 6,982,300 – – Total assets 7,091,056 – – Liabilities None – – – Total liabilities – – – $ 7,091,056 $ – $ – Fair Value Measurements at December 31, 2018 Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 1,503,500 $ – $ – Restricted cash and investments held in trust 141,307,307 – – Total assets 142,810,807 – – Liabilities None – – – Total liabilities – – – $ 142,810,807 $ – $ –

7. Prepaid Expenses (Tables)

7. Prepaid Expenses (Tables)	12 Months Ended
	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of prepaid expenses	December 31, 2019 2018 Prepaid insurance costs $ 21,090 $ 17,501 Prepaid employee benefits 11,587 11,865 Prepaid office and other costs 14,474 13,319 Total prepaid expenses $ 47,151 $ 42,685

8. Property and Equipment (Tabl

8. Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Property and equipment:
Property and equipment	December 31, 2019 2018 Property and equipment $ 134,202 $ 128,156 Less: Accumulated depreciation and amortization (127,803 ) (126,931 ) Total property and equipment, net $ 6,399 $ 1,225

11. Options (Tables)

11. Options (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Schedule of options outstanding and exercisable	Shares Underlying Shares Underlying Options Outstanding Options Exercisable Weighted Shares Average Weighted Shares Weighted Underlying Remaining Average Underlying Average Range of Options Contractual Exercise Options Exercise Exercise Prices Outstanding Life Price Exercisable Price $9.33 - $300.00 34,204 4.76 years $89.31 33,758 $88.26
Schedule of option activity	Weighted Average Number Exercise of Shares Prices Balance, December 31, 2017 36,191 $ 87.00 Options expired (40 ) (24.00 ) Options cancelled (206 ) (153.00 ) Options granted – – Options exercised – – Balance, December 31, 2018 35,945 87.00 Options expired (457 ) (9.51 ) Options cancelled (1,284 ) (27.18 ) Options granted – – Options exercised – – Balance, December 31, 2019 34,204 $ 89.31 Exercisable, December 31, 2019 33,758 $ 88.26

12. Warrants (Tables)

12. Warrants (Tables)	12 Months Ended
	Dec. 31, 2019
Warrants and Rights Note Disclosure [Abstract]
Schedule of warrant activity	Weighted Average Number Exercise of Shares Prices Balance, December 31, 2017 1,450 $ 3.00 Warrants expired – – Warrants cancelled – – Warrants granted – – Warrants exercised (150 ) (3.00 ) Balance, December 31, 2018 1,300 3.00 Warrants expired – – Warrants cancelled – – Warrants granted – – Warrants exercised – – Balance, December 31, 2019 1,300 $ 3.00 Exercisable, December 31, 2019 1,300 $ 3.00

14. Income Taxes (Tables)

14. Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense	December 31, 2019 2018 Current taxes $ – $ – Deferred taxes – – Net income tax provision (benefit) $ – $ –
Schedule of effective income tax rate	December 31, 2019 2018 Federal statutory income tax rate 21.0% 21.0% State income taxes 7.7% 7.7% Permanent differences 0.1% 0.1% Change in valuation allowance (28.8% ) (28.8% ) Net effective income tax rate 0.0% 0.0%
Schedule of deferred tax assets and liabilities	December 31, 2019 2018 Deferred tax assets: Federal and state net operating loss carryovers $ 7,692,561 $ 7,402,252 Stock compensation 2,327,142 2,294,552 Property and equipment 34 459 Deferred compensation 401,371 – Reorganization costs 38,508 38,508 Total deferred tax assets $ 10,459,616 $ 9,735,771 Deferred tax liabilities: Unrealized gain on investment in Allied Esports Entertainment, Inc. (4,449,409 ) – Total deferred liabilities (4,449,409 ) – Net deferred tax assets (liabilities) 6,010,207 9,735,771 Less: valuation allowance (6,010,207 ) (9,735,771 ) Deferred tax assets (liabilities) $ – $ –

17. Explanation of our Restat_2

17. Explanation of our Restatement (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Changes and Error Corrections [Abstract]
Restatement tables	As Originally Reported As Restated December 31, December 31, 2019 Adjusted 2019 ASSETS Current assets: Cash and cash equivalents $ 108,756 $ – $ 108,756 Receivable from Allied Esports Entertainment, Inc. 505 – 505 Prepaid expenses 47,151 – 47,151 Total current assets 156,412 – 156,412 Property and equipment: Property and equipment 134,202 – 134,202 Less accumulated depreciation (127,803 ) – (127,803 ) Total property and equipment, net 6,399 – 6,399 Investment in Allied Esports Entertainment, Inc. 6,982,300 – 6,982,300 Total assets $ 7,145,111 $ – $ 7,145,111 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 35,727 $ – $ 35,727 Accrued expenses 14,220 – 14,220 Deferred compensation 1,396,460 – 1,396,460 Total current liabilities 1,446,407 – 1,446,407 Long term liabilities – – – Total liabilities 1,446,407 – 1,446,407 Commitments and contingencies – – – Stockholders' equity: Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued and outstanding – – – Common stock, $0.001 par value, 500,000,000 shares authorized, 1,600,484 shares issued and outstanding 1,600 – 1,600 Additional paid-in capital 37,054,503 – 37,054,503 Accumulated other comprehensive income (4,968,175 ) 4,968,175 – Accumulated deficit (26,389,224 ) (4,968,175 ) (31,357,399 ) Total stockholders' equity 5,698,704 – 5,698,704 Total liabilities, redeemable non-controlling interest and stockholders' equity $ 7,145,111 $ – $ 7,145,111 The accompanying notes are an integral part of these financial statements. BLACK RIDGE OIL & GAS, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Year Ended December 31, 2019 (Restated) BLACK RIDGE OIL & GAS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS As Originally Reported Adjusted As Restated Management fee income $ 466,595 $ – $ 466,595 Total revenues 466,595 – 466,595 Operating expenses: General and administrative expenses: Salaries and benefits 1,172,745 – 1,172,745 Stock-based and compensation 100,526 – 100,526 Deferred compensation 1,396,460 – 1,396,460 Professional services 132,505 – 132,505 Other general and administrative expenses 259,968 – 259,968 Total general and administrative expenses 3,062,204 – 3,062,204 Depreciation and amortization 872 – 872 Total operating expenses 3,063,076 – 3,063,076 Net operating loss (2,596,481 ) – (2,596,481 ) Other income (expense): Gain on deconsolidation of subsidiary 20,448,687 – 20,448,687 Other income 51 – 51 Loss on investment in Allied Esports Entertainment, Inc. – (4,968,175 ) (4,968,175 ) Total other income 20,448,738 (4,968,175 ) 15,480,563 Net income before provision for income taxes 17,852,257 (4,968,175 ) 12,884,082 Provision for income taxes – – – Net income from continuing operations, net of tax 17,852,257 (4,968,175 ) 12,884,082 Net income (loss) from discontinued operations (7,421,050 ) – (7,421,050 ) Net income before non-controlling interest 10,431,207 (4,968,175 ) 5,463,032 Less net income attributable to redeemable non-controlling interest (1,332,529 ) – (1,332,529 ) Net income (loss) attributable to Black Ridge Oil & Gas, Inc. $ 9,098,678 $ (4,968,175 ) $ 4,130,503 Other comprehensive income: Unrealized loss on investments $ (4,968,175 ) $ 4,968,175 $ – Net other comprehensive income (loss) attributed to Black Ridge Oil & Gas, Inc. $ 4,130,503 $ 4,130,503 $ – Weighted average common shares outstanding - basic 1,600,484 – 1,600,484 Weighted average common shares outstanding - fully diluted 1,601,346 – 1,601,346 Net income per common share - basic $ 5.68 $ (3.10 ) $ 2.58 Net income per common share - fully diluted $ 5.68 $ (3.10 ) $ 2.58 The accompanying notes are an integral part of these financial statements. BLACK RIDGE OIL & GAS, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Year Ended December 31, 2019 (Restated) BLACK RIDGE OIL & GAS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS As Originally Reported Adjusted As Restated CASH FLOWS FROM OPERATING ACTIVITIES Net income attributable to Black Ridge Oil & Gas, Inc. $ 9,098,678 $ (4,968,175 ) $ 4,130,503 Net loss from discontinued operations 7,421,050 – 7,421,050 Net income attributable to redeemable non-controlling interest 1,332,529 – 1,332,529 Adjustments to reconcile net loss attributable to Black Ridge Oil & Gas, Inc. to net cash provided by (used in) operating activities: Gain on deconsolidation of subsidiary (20,448,687 ) – (20,448,687 ) Depreciation and amortization 872 – 872 Loss on investment in Allied Esports Entertainment, Inc. – 4,968,175 4,968,175 Amortization of stock options 100,526 – 100,526 Deferred compensation 1,396,460 – 1,396,460 Decrease (increase) in current assets: Accounts receivable 13 – 13 Accounts receivable, related party (505 ) – (505 ) Prepaid expenses (4,466 ) – (4,466 ) Increase (decrease) in current liabilities: Accounts payable 3,789 – 3,789 Accrued expenses 8,529 – 8,529 Net cash provided by (used in) operating activities of continuing operations (1,091,212 ) – (1,091,212 ) Net cash used in operating activities of discontinued operations (8,618,568 ) – (8,618,568 ) Net cash used in operating activities (9,709,780 ) – (9,709,780 ) CASH FLOWS FROM INVESTING ACTIVITIES Cash disposed in deconsolidation (9,991,684 ) – (9,991,684 ) Purchase of property and equipment (6,046 ) – (6,046 ) Net cash used in investing activities of continuing operations (9,997,730 ) – (9,997,730 ) Net cash provided by investing activities of discontinued operations 16,880,792 – 16,880,792 Net cash provided by investing activities 6,883,062 – 6,883,062 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from exercise of stock warrants – – – Net cash provided by financing activities from continuing operations – – – Net cash provided by financing activities from discontinued operations 1,431,974 – 1,431,974 Net cash provided by financing activities 1,431,974 – 1,431,974 NET CHANGE IN CASH AND CASH EQUIVALENTS (1,394,744 ) – (1,394,744 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,503,500 – 1,503,500 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 108,756 $ – $ 108,756 SUPPLEMENTAL INFORMATION: Interest paid $ – $ – $ – Income taxes paid $ – $ – $ – NON-CASH INVESTING AND FINANCING ACTIVITIES: Unrealized loss on investment in AESE $ 4,968,175 $ (4,968,175 ) $ – Recognition of subsidiary equity upon deconsolidation $ 8,498,212 $ – $ 8,498,212 Non-cash investing and financing activities in discontinued operations $ 229,914,415 $ – $ 229,914,415

1. Organization and Nature of_2

1. Organization and Nature of Business (Details Narrative) - USD ($)	9 Months Ended		12 Months Ended
	Oct. 10, 2017	Sep. 26, 2017	Dec. 31, 2019	Aug. 09, 2019
Stock issued new, shares			0
Equity Raise [Member]
Stock issued new, shares		431,819,910
Proceeds from sale of equity		$ 5,051,675
BRAC [Member] | Private Placement [Member]
Proceeds from sale of equity	$ 4,450,000
Units sold	445,000
Ownership percentage	22.00%
BRAC [Member] | IPO [Member] | Over Allotment Option [Member]
Proceeds from IPO	$ 138,000,000
AESE [Member]
Balance of Shares owned			2,685,000	2,685,000

2. Summary of Significant Acc_4

2. Summary of Significant Accounting Policies (Details - Principles of Consolidation)	12 Months Ended
	Dec. 31, 2019
State of Incorporation	NV
Black Ridge Oil and Gas, Inc.
State of Incorporation	NV
Black Ridge Acqusition Corp.
State of Incorporation	DE	[1]
[1]	Wholly-owned subsidiary through October 10, 2017, the date of BRAC's IPO, after which it was consolidated as a variable interest entity through August 9, 2019, the date of BRAC's business combination. BRAC was renamed Allied Esports Entertainment, Inc. ("AESE") on the date of its business combination and all references to the surviving entity following the business combination are hereafter referred to as such.

2. Summary of Significant Acc_5

2. Summary of Significant Accounting Policies (Details - Basic and Diluted Loss Per Share) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Weighted average common shares outstanding - basic	1,600,484	1,600,484
Plus potentially diluted common shares, Stocks and Warrants	862	0
Weighted average common shares outstanding - fully diluted	1,601,346	1,600,484

2. Summary of Significant Acc_6

2. Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash equivalents	$ 0	$ 2,312
Assets held in trust	0	141,307,307
Cash uninsured amount	0	1,119,770
Depreciation expense	$ 872	$ 9,472
Stock excluded from calculation of diluted EPS	34,204	37,245
Cash [Member]
Assets held in trust	$ 0	$ 2,312
Marketable Securities [Member]
Assets held in trust		$ 141,304,995

3. Going Concern (Details Narra

3. Going Concern (Details Narrative) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash	$ 108,756	$ 1,503,500	$ 1,477,089
Working capital	$ (1,289,995)

4. BRAC's IPO, Consolidation _2

4. BRAC's IPO, Consolidation of BRAC and Non-controlling Interest (Details Narrative) - USD ($)	6 Months Ended	7 Months Ended	12 Months Ended
	Jul. 09, 2019	Aug. 09, 2019	Dec. 31, 2019	Dec. 31, 2018
Gain on deconsolidation			$ 20,448,687	$ 0
BRAC Shareholders [Member]
Stock converted, shares converted	9,246,727
BRAC Shareholders [Member] | Trust Account Assets [Member]
Proceeds from stock converted	$ 95,125,574
BRAC [Member] | Purchasers [Member]
Investment shares transferred		720,000

5. Related Party (Details-AESE

5. Related Party (Details-AESE Shares Owned by the Company Granted to the Grantee) - shares	Dec. 31, 2019	Aug. 09, 2019	Oct. 04, 2017
Mr. Joe Lahti [Member]
Percentage of AESE Shares Owned by the Company to be Granted to the Grantee			1.60%
Mr. James Moe [Member]
Percentage of AESE Shares Owned by the Company to be Granted to the Grantee			2.10%
Mr. Benjamin Oehler [Member]
Percentage of AESE Shares Owned by the Company to be Granted to the Grantee			1.60%
Mr. Lyle Berman [Member]
Percentage of AESE Shares Owned by the Company to be Granted to the Grantee			1.60%
Mr. Michael Eisele [Member]
Percentage of AESE Shares Owned by the Company to be Granted to the Grantee			2.80%
Mr. Kenneth DeCubellis [Member]
Percentage of AESE Shares Owned by the Company to be Granted to the Grantee			4.00%
Mr. Bradley Berman [Member]
Percentage of AESE Shares Owned by the Company to be Granted to the Grantee			1.60%
AESE [Member]
Investment shares owned	2,685,000	2,685,000
AESE [Member] | Committed Shares [Member]
Investment shares owned	537,100	537,100

5. Related Party (Details Narra

5. Related Party (Details Narrative) - USD ($)	7 Months Ended	12 Months Ended
	Aug. 09, 2019	Dec. 31, 2019	Dec. 31, 2018
Compensation expense	$ 2,309,095	$ 1,396,460	$ 0
AESE [Member]
Investment shares owned		2,685,500
Investment shares, value		$ 1,396,460
Employees and Directors [Member] | AESE [Member]
Investment shares owned		537,100
BRAC [Member] | Purchasers [Member]
Investment shares transferred	720,000
AESE [Member]
Investment shares owned	2,685,000	2,685,000
Investment shares, value	$ 11,950,475	$ 6,982,300
Convertible note receivable issued	750,000
Note converted, amount converted	$ 600,000
Note converted, shares received	66,000
Note converted, warrants received	60,000
Proceeds from repayment of note receivable	$ 150,000

6. Fair Value of Financial In_3

6. Fair Value of Financial Instruments (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Fair Value Inputs Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 7,091,056	$ 142,810,807
Liabilities	0	0
Net assets over liabilities	7,091,056	142,810,807
Fair Value Inputs Level 1 [Member] | Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	982,300
Fair Value Inputs Level 1 [Member] | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	108,756	1,503,500
Fair Value Inputs Level 1 [Member] | Restricted cash and investments held in trust [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		141,307,307
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Net assets over liabilities	0	0
Fair Value, Inputs, Level 2 [Member] | Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0
Fair Value, Inputs, Level 2 [Member] | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Fair Value, Inputs, Level 2 [Member] | Restricted cash and investments held in trust [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Net assets over liabilities	0	0
Fair Value, Inputs, Level 3 [Member] | Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0
Fair Value, Inputs, Level 3 [Member] | Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 0	0
Fair Value, Inputs, Level 3 [Member] | Restricted cash and investments held in trust [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		$ 0

7. Prepaid Expenses (Details)

7. Prepaid Expenses (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid insurance costs	$ 21,090	$ 17,501
Prepaid employee benefits	11,587	11,865
Prepaid office and other costs	14,474	13,319
Total prepaid expenses	$ 47,151	$ 42,685

8. Property and Equipment (Deta

8. Property and Equipment (Details-Property and equipment) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Property and equipment:
Property and equipment	$ 134,202	$ 128,156
Less: Accumulated depreciation and amortization	(127,803)	(126,931)
Total property and equipment, net	$ 6,399	$ 1,225

8. Property and Equipment (De_2

8. Property and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Property and equipment:
Depreciation expense	$ 872	$ 9,472

9. Investments in Allied Espo_2

9. Investments in Allied Esports Entertainment, Inc. (Details Narrative) - USD ($)	7 Months Ended	12 Months Ended
	Aug. 09, 2019	Dec. 31, 2019	Dec. 31, 2018
Compensation expense		$ 2,809,033
Deferred compensation	$ 2,309,095	1,396,460	$ 0
Realized loss on investment		$ (4,968,175)
AESE [Member]
Investment shares owned	2,685,000	2,685,000
Investment shares owned, fair value	$ 11,950,475	$ 6,982,300
Shares transferred for merger	1,320,000
Merger incentive expense	$ 5,874,000
AESE [Member] | Committed Shares [Member]
Investment shares owned	537,100	537,100

10. Stockholders' Equity (Detai

10. Stockholders' Equity (Details Narrative) - $ / shares	2 Months Ended	12 Months Ended
	Feb. 21, 2020	Dec. 31, 2019	Dec. 31, 2018
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		1,600,484	1,600,484
Stock issued during period, shares		0
Subsequent Event [Member]
Reverse stock split	On February 21, 2020, the Company effected a 1-for-300 reverse stock split
Warrant Exercises [Member]
Stock issued for warrant exercises, shares			150

11. Options (Details - option s

11. Options (Details - option summary) - Stock Options [Member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Options Outstanding	34,204	35,945	36,191
Weighted Average Exercise Price	$ 89.31	$ 87	$ 87
Options Exercisable	33,758
Weighted Average Exercise Price	$ 88.26
$0.03 - $1.00 [Member]
Range of Exercise Price, Lower	9.33
Range of Exercise Price, Upper	$ 300
Options Outstanding		34,204
Weighted Average Remaining Contractual Life	4 years 9 months 3 days
Weighted Average Exercise Price		$ 89.31
Options Exercisable		33,758
Weighted Average Exercise Price		$ 88.26

11. Options (Details - option a

11. Options (Details - option activity) - Stock Options [Member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Number of Options
Number of Options Outstanding, Beginning	35,945	36,191
Number of Options Expired	(457)	(40)
Number of Options Cancelled	(1,284)	(206)
Number of Options Granted	0	0
Number of Options Exercised	0	0
Number of Options Outstanding, Ending	34,204	35,945
Number of Options Exercisable, Ending	33,758
Weighted Average Exercise Price
Weighted Average Exercise Price Outstanding, Beginning	$ 87	$ 87
Weighted Average Exercise Price Expired	(9.51)	(24)
Weighted Average Exercise Price Cancelled	(27.18)	(153)
Weighted Average Exercise Price Granted
Weighted Average Exercise Price Exercised
Weighted Average Exercise Price Outstanding, Ending	89.31	$ 87
Weighted Average Exercise Price Exercisable, Ending	$ 88.26

11. Options (Details Narrative)

11. Options (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Stock-based compensation	$ 100,526	$ 310,731
Stock Options [Member]
Options Granted	0	0
Stock-based compensation	$ 100,526	$ 310,731
Unamortized share based compensation	$ 14,396
Options exercised	0	0
Options forfeited	1,284	206
Weighed average strike price options forfeited	$ 27.18	$ 152.71
Options expired	457	40
Weighted average strike price options expired	$ 9.51	$ 24

12. Warrants (Details-Warrants

12. Warrants (Details-Warrants Outstanding) - Warrants [Member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Shares
Warrants outstanding, beginning balance	1,300	1,450
Warrants expired	0	0
Warrants cancelled	0	0
Warrants granted	0	0
Warrants exercised	0	(150)
Warrants outstanding, ending balance	1,300	1,300
Warrants exercisable	1,300
Weighted Average Exercise Price
Weighted price, beginning balance	$ 3	$ 3
Weighted price, warrants expired
Weighted price, warrants cancelled
Weighted price, warrants granted
Weighted price, warrants exercised		(3)
Warrants outstanding, ending balance	3	$ 3
Weighted price, warrants exercisable	$ 3

12. Warrants (Details Narrative

12. Warrants (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Proceeds from warrants exercised	$ 0	$ 450
Warrants [Member]
Warrants Exercised	0	150
Proceeds from warrants exercised		$ 450

14. Income Taxes (Details-Incom

14. Income Taxes (Details-Income Tax Provision) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Current taxes	$ 0	$ 0
Deferred taxes	0	0
Net income tax provision (benefit)	$ 0	$ 0

14. Income Taxes (Details-Effec

14. Income Taxes (Details-Effective tax rate)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Federal statutory income tax rate	21.00%	21.00%
State income taxes	7.70%	7.70%
Permanent differences	0.10%	0.10%
Change in valuation allowance	(28.80%)	(28.80%)
Net effective income tax rate	0.00%	0.00%

14. Income Taxes (Details-Defer

14. Income Taxes (Details-Deferred Tax Assets) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Federal and state net operating loss carryovers	$ 7,692,561	$ 7,402,252
Stock compensation	2,327,142	2,294,552
Property and equipment	34	459
Deferred compensation	401,371	0
Reorganization costs	38,508	38,508
Total deferred tax assets	10,459,616	9,735,771
Deferred tax liabilities:
Unrealized marketable equity securities held in trust account	(4,449,409)	0
Total deferred liabilities	(4,449,409)	0
Net deferred tax assets (liabilities)	6,010,207	9,735,771
Less: valuation allowance	(6,010,207)	(9,735,771)
Deferred tax assets (liabilities)	$ 0	$ 0

14. Income Taxes (Details Narra

14. Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2019USD ($)
Net operating loss carryforward	$ 26,764,183
NOL beginning expiration date	Dec. 31, 2037
TCJA [Member]
Net operating loss carryforward	$ 1,010,052

16. Subsequent Events (Details)

16. Subsequent Events (Details) - USD ($)	Jan. 02, 2020	Mar. 12, 2020	Feb. 26, 2020	Feb. 21, 2020	Dec. 31, 2019	Dec. 31, 2018	Mar. 20, 2020	Mar. 05, 2020	Dec. 31, 2017
Subsequent Event [Member]
Reverse stock split				On February 21, 2020, the Company effected a 1-for-300 reverse stock split
Promissory Note [Member] | Subsequent Event [Member]
Debt face amount		$ 700,000
Debt stated interest rate		0.500 percentage points over the prime rate per WSJ
Debt maturity date		Mar. 9, 2021
AESE [Member]
Value of investment shares					$ 1,396,460
AESE [Member] | Subsequent Event [Member] | Brokerage account with RBC Capital [Member]
Investment shares transferred	500,000
Value of investment shares								$ 1,200,000
Stock Options [Member]
Options granted, gross					0	0
Stock Options [Member] | Subsequent Event [Member]
Options granted			199,245
Options granted, gross			240,000
Stock Options [Member] | Bradley Berman [Member] | Subsequent Event [Member]
Options granted			24,151
Stock Options [Member] | Ken DeCubellis [Member] | Subsequent Event [Member]
Options granted			60,377
Stock Options [Member] | Benjamin Oehler [Member] | Subsequent Event [Member]
Options granted			24,151
Stock Options [Member] | Lyle Berman [Member] | Subsequent Event [Member]
Options granted			24,151
Stock Options [Member] | Joseph Lahti [Member] | Subsequent Event [Member]
Options granted			24,151
Stock Options [Member] | Michael Eisele [Member] | Subsequent Event [Member]
Options granted			42,264
Warrants [Member]
Warrant exercise price					$ 3	$ 3			$ 3
Warrants [Member] | Promissory Note [Member] | Subsequent Event [Member]
Warrants issued		26,250
Warrant exercise price							$ 4
Warrant expiration date							Mar. 12, 2030

17. Explanation of our Restat_3

17. Explanation of our Restatement (Details - Balance Sheet) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash and cash equivalents	$ 108,756	$ 1,503,500	$ 1,477,089
Receivable from Allied Esports Entertainment, Inc.	505	0
Prepaid expenses	47,151	42,685
Total current assets	156,412	1,557,448
Property and equipment	134,202	128,156
Less accumulated depreciation	(127,803)	(126,931)
Total property and equipment, net	6,399	1,225
Investment in Allied Esports Entertainment, Inc.	6,982,300	0
Total assets	7,145,111	142,865,980
Accounts payable	35,727	31,938
Accrued expenses	14,220	5,691
Deferred compensation	1,396,460	0
Total current liabilities	1,446,407	659,351
Long term liabilities	0	0
Total liabilities	1,446,407	659,351
Commitments and contingencies
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, 1,600,484 shares issued and outstanding	1,600	1,600
Additional paid-in capital	37,054,503	36,953,977
Accumulated other comprehensive income	0
Accumulated deficit	(31,357,399)	(35,487,902)
Total stockholders' equity	5,698,704	1,467,675	$ 1,500,508
Total liabilities, redeemable non-controlling interest and stockholders' equity	7,145,111	142,865,980
Scenario Previously Reported [Member]
Cash and cash equivalents	108,756	1,503,500
Receivable from Allied Esports Entertainment, Inc.	505
Prepaid expenses	47,151
Total current assets	156,412
Property and equipment	134,202
Less accumulated depreciation	(127,803)
Total property and equipment, net	6,399
Investment in Allied Esports Entertainment, Inc.	6,982,300
Total assets	7,145,111
Accounts payable	35,727
Accrued expenses	14,220
Deferred compensation	1,396,460
Total current liabilities	1,446,407
Long term liabilities	0
Total liabilities	1,446,407
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued and outstanding	0
Common stock, $0.001 par value, 500,000,000 shares authorized, 1,600,484 shares issued and outstanding	1,600
Additional paid-in capital	37,054,503
Accumulated other comprehensive income	(4,968,175)
Accumulated deficit	(26,389,224)
Total stockholders' equity	5,698,704
Total liabilities, redeemable non-controlling interest and stockholders' equity	7,145,111
Restatement Adjustment [Member]
Cash and cash equivalents	0	$ 0
Receivable from Allied Esports Entertainment, Inc.	0
Prepaid expenses	0
Total current assets	0
Property and equipment	0
Less accumulated depreciation	0
Total property and equipment, net	0
Investment in Allied Esports Entertainment, Inc.	0
Total assets	0
Accounts payable	0
Accrued expenses	0
Deferred compensation	0
Total current liabilities	0
Long term liabilities	0
Total liabilities	0
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued and outstanding	0
Common stock, $0.001 par value, 500,000,000 shares authorized, 1,600,484 shares issued and outstanding	0
Additional paid-in capital	0
Accumulated other comprehensive income	4,968,175
Accumulated deficit	(4,968,175)
Total stockholders' equity	0
Total liabilities, redeemable non-controlling interest and stockholders' equity	$ 0

17. Explanation of our Restat_4

17. Explanation of our Restatement (Details - Statement of Operations) - USD ($)	7 Months Ended	12 Months Ended
	Aug. 09, 2019	Dec. 31, 2019	Dec. 31, 2018
Total revenues		$ 466,595	$ 0
Salaries and benefits		1,172,745	1,199,729
Stock-based compensation		100,526	310,731
Deferred compensation	$ 2,309,095	1,396,460	0
Professional services		132,505	105,796
Other general and administrative expenses		259,968	250,088
Total general and administrative expenses		3,062,204	1,866,344
Depreciation and amortization		872	9,472
Total operating expenses		3,063,076	1,875,816
Net operating loss		(2,596,481)	(1,875,816)
Gain on deconsolidation of subsidiary		20,448,687	0
Other income		51	1,996
Loss on investment in Allied Esports Entertainment, Inc.		(4,968,175)
Total other income		15,480,563	2,139,496
Net income before provision for income taxes		12,884,082	263,680
Provision for income taxes		0	0
Net income from continuing operations, net of tax		12,884,082	263,680
Net income (loss) from discontinued operations		(7,421,050)	1,261,200
Net income before non-controlling interest		5,463,032	1,524,880
Less net income attributable to redeemable non-controlling interest		(1,332,529)	(1,868,894)
Net income (loss) attributable to Black Ridge Oil & Gas, Inc.		4,130,503	$ (344,014)
Unrealized loss on investments		0
Net other comprehensive income (loss) attributed to Black Ridge Oil & Gas, Inc.		$ 0
Weighted average common shares outstanding - basic		1,600,484	1,600,484
Weighted average common shares outstanding - fully diluted		1,601,346	1,600,484
Net income per common share - basic		$ 2.58	$ (.21)
Net income per common share - fully diluted		$ 2.58	$ (0.21)
Management Fee Income [Member]
Total revenues		$ 466,595	$ 0
Scenario Previously Reported [Member]
Total revenues		466,595
Salaries and benefits		1,172,745
Stock-based compensation		100,526
Deferred compensation		1,396,460
Professional services		132,505
Other general and administrative expenses		259,968
Total general and administrative expenses		3,062,204
Depreciation and amortization		872
Total operating expenses		3,063,076
Net operating loss		(2,596,481)
Gain on deconsolidation of subsidiary		20,448,687
Other income		51
Loss on investment in Allied Esports Entertainment, Inc.		0
Total other income		20,448,738
Net income before provision for income taxes		17,852,257
Provision for income taxes		0
Net income from continuing operations, net of tax		17,852,257
Net income (loss) from discontinued operations		(7,421,050)
Net income before non-controlling interest		10,431,207
Less net income attributable to redeemable non-controlling interest		(1,332,529)
Net income (loss) attributable to Black Ridge Oil & Gas, Inc.		9,098,678
Unrealized loss on investments		(4,968,175)
Net other comprehensive income (loss) attributed to Black Ridge Oil & Gas, Inc.		$ 4,130,503
Weighted average common shares outstanding - basic		1,600,484
Weighted average common shares outstanding - fully diluted		1,601,346
Net income per common share - basic		$ 5.68
Net income per common share - fully diluted		$ 5.68
Scenario Previously Reported [Member] | Management Fee Income [Member]
Total revenues		$ 466,595
Restatement Adjustment [Member]
Total revenues		0
Salaries and benefits		0
Stock-based compensation		0
Deferred compensation		0
Professional services		0
Other general and administrative expenses		0
Total general and administrative expenses		0
Depreciation and amortization		0
Total operating expenses		0
Net operating loss		0
Gain on deconsolidation of subsidiary		0
Other income		0
Loss on investment in Allied Esports Entertainment, Inc.		(4,968,175)
Total other income		(4,968,175)
Net income before provision for income taxes		(4,968,175)
Provision for income taxes		0
Net income from continuing operations, net of tax		(4,968,175)
Net income (loss) from discontinued operations		0
Net income before non-controlling interest		(4,968,175)
Less net income attributable to redeemable non-controlling interest		0
Net income (loss) attributable to Black Ridge Oil & Gas, Inc.		(4,968,175)
Unrealized loss on investments		4,968,175
Net other comprehensive income (loss) attributed to Black Ridge Oil & Gas, Inc.		$ 4,130,503
Weighted average common shares outstanding - basic		0
Weighted average common shares outstanding - fully diluted		0
Net income per common share - basic		$ (3.10)
Net income per common share - fully diluted		$ (3.10)
Restatement Adjustment [Member] | Management Fee Income [Member]
Total revenues		$ 0

17. Explanation of our Restat_5

17. Explanation of our Restatement (Details - Cash Flow) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income attributable to Black Ridge Oil & Gas, Inc.	$ 4,130,503	$ (344,014)
Net loss from discontinued operations	7,421,050	(1,261,200)
Net income attributable to redeemable non-controlling interest	1,332,529	1,868,894
Adjustments to reconcile net loss attributable to Black Ridge Oil & Gas, Inc. to net cash provided by (used in) operating activities:
Gain on deconsolidation of subsidiary	(20,448,687)	0
Depreciation and amortization	872	9,472
Loss on investment in Allied Esports Entertainment, Inc.	4,968,175
Amortization of stock options	100,526	310,731
Deferred compensation	1,396,460	0
Decrease (increase) in current assets:
Accounts receivable	13	1,598
Accounts receivable, related party	(505)	2,940
Prepaid expenses	(4,466)	(6,961)
Increase (decrease) in current liabilities:
Accounts payable	3,789	(13,856)
Accrued expenses	8,529	(4,078)
Net cash provided by (used in) operating activities of continuing operations	(1,091,212)	563,526
Net cash used in operating activities of discontinued operations	(8,618,568)	(751,462)
Net cash used in operating activities	(9,709,780)	(187,936)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash disposed in deconsolidation	(9,991,684)	0
Purchase of property and equipment	(6,046)	0
Net cash used in investing activities of continuing operations	(9,997,730)	0
Net cash provided by investing activities of discontinued operations	16,880,792	213,897
Net cash provided by investing activities	6,883,062	213,897
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of stock warrants	0	450
Net cash provided by financing activities from continuing operations	0	450
Net cash provided by financing activities from discontinued operations	1,431,974	0
Net cash provided by financing activities	1,431,974	450
NET CHANGE IN CASH AND CASH EQUIVALENTS	(1,394,744)	26,411
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	1,503,500	1,477,089
CASH AND CASH EQUIVALENTS AT END OF PERIOD	108,756	1,503,500
SUPPLEMENTAL INFORMATION:
Interest paid	0	0
Income taxes paid	0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES:
custom:UnrealizedLossOnInvestmentInAese	0
Recognition of subsidiary equity upon deconsolidation	8,498,212	0
Non-cash investing and financing activities in discontinued operations	229,914,415	0
Scenario Previously Reported [Member]
CASH FLOWS FROM OPERATING ACTIVITIES
Net income attributable to Black Ridge Oil & Gas, Inc.	9,098,678
Net loss from discontinued operations	7,421,050
Net income attributable to redeemable non-controlling interest	1,332,529
Adjustments to reconcile net loss attributable to Black Ridge Oil & Gas, Inc. to net cash provided by (used in) operating activities:
Gain on deconsolidation of subsidiary	(20,448,687)
Depreciation and amortization	872
Loss on investment in Allied Esports Entertainment, Inc.	0
Amortization of stock options	100,526
Deferred compensation	1,396,460
Decrease (increase) in current assets:
Accounts receivable	13
Accounts receivable, related party	(505)
Prepaid expenses	(4,466)
Increase (decrease) in current liabilities:
Accounts payable	3,789
Accrued expenses	8,529
Net cash provided by (used in) operating activities of continuing operations	(1,091,212)
Net cash used in operating activities of discontinued operations	(8,618,568)
Net cash used in operating activities	(9,709,780)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash disposed in deconsolidation	(9,991,684)
Purchase of property and equipment	(6,046)
Net cash used in investing activities of continuing operations	(9,997,730)
Net cash provided by investing activities of discontinued operations	16,880,792
Net cash provided by investing activities	6,883,062
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of stock warrants	0
Net cash provided by financing activities from continuing operations	0
Net cash provided by financing activities from discontinued operations	1,431,974
Net cash provided by financing activities	1,431,974
NET CHANGE IN CASH AND CASH EQUIVALENTS	(1,394,744)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	1,503,500
CASH AND CASH EQUIVALENTS AT END OF PERIOD	108,756	1,503,500
SUPPLEMENTAL INFORMATION:
Interest paid	0
Income taxes paid	0
NON-CASH INVESTING AND FINANCING ACTIVITIES:
custom:UnrealizedLossOnInvestmentInAese	4,968,175
Recognition of subsidiary equity upon deconsolidation	8,498,212
Non-cash investing and financing activities in discontinued operations	229,914,415
Restatement Adjustment [Member]
CASH FLOWS FROM OPERATING ACTIVITIES
Net income attributable to Black Ridge Oil & Gas, Inc.	(4,968,175)
Net loss from discontinued operations	0
Net income attributable to redeemable non-controlling interest	0
Adjustments to reconcile net loss attributable to Black Ridge Oil & Gas, Inc. to net cash provided by (used in) operating activities:
Gain on deconsolidation of subsidiary	0
Depreciation and amortization	0
Loss on investment in Allied Esports Entertainment, Inc.	4,968,175
Amortization of stock options	0
Deferred compensation	0
Decrease (increase) in current assets:
Accounts receivable	0
Accounts receivable, related party	0
Prepaid expenses	0
Increase (decrease) in current liabilities:
Accounts payable	0
Accrued expenses	0
Net cash provided by (used in) operating activities of continuing operations	0
Net cash used in operating activities of discontinued operations	0
Net cash used in operating activities	0
CASH FLOWS FROM INVESTING ACTIVITIES
Cash disposed in deconsolidation	0
Purchase of property and equipment	0
Net cash used in investing activities of continuing operations	0
Net cash provided by investing activities of discontinued operations	0
Net cash provided by investing activities	0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of stock warrants	0
Net cash provided by financing activities from continuing operations	0
Net cash provided by financing activities from discontinued operations	0
Net cash provided by financing activities	0
NET CHANGE IN CASH AND CASH EQUIVALENTS	0
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	0
CASH AND CASH EQUIVALENTS AT END OF PERIOD	0	$ 0
SUPPLEMENTAL INFORMATION:
Interest paid	0
Income taxes paid	0
NON-CASH INVESTING AND FINANCING ACTIVITIES:
custom:UnrealizedLossOnInvestmentInAese	(4,968,175)
Recognition of subsidiary equity upon deconsolidation	0
Non-cash investing and financing activities in discontinued operations	$ 0