Hall of Fame Resort & Entertainment (HOFV) 10-Q 12 Aug 21 2021 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Aug. 05, 2021
Document Information Line Items
Entity Registrant Name	HALL OF FAME RESORT & ENTERTAINMENT COMPANY
Trading Symbol	HOFV
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		94,993,462
Amendment Flag	false
Entity Central Index Key	0001708176
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-38363
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-3235695
Entity Address, Address Line One	2626 Fulton Drive NW
Entity Address, City or Town	Canton
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44718
City Area Code	(330)
Local Phone Number	458–9176
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Assets
Cash	$ 61,908,208	$ 7,145,661
Restricted cash	11,759,884	32,907,800
Accounts receivable, net	869,421	1,545,089
Prepaid expenses and other assets	8,954,346	6,920,851
Property and equipment, net	150,151,539	154,355,763
Project development costs	126,595,920	107,969,139
Total assets	360,239,318	310,844,303
Liabilities
Notes payable, net	103,534,759	98,899,367
Accounts payable and accrued expenses	12,825,686	20,538,190
Due to affiliate	1,901,992	1,723,556
Warrant liability	55,805,000	19,112,000
Other liabilities	5,213,829	5,489,469
Total liabilities	179,281,266	145,762,582
Commitments and contingencies (Note 6 and 7)
Stockholders’ equity
Undesignated preferred stock, $0.0001 par value; 4,932,200 shares authorized; no shares issued or outstanding at June 30, 2021 and December 31, 2020
Series B convertible preferred stock, $0.0001 par value; 15,200 shares designated; 15,200 and 0 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	2
Common stock, $0.0001 par value; 300,000,000 shares authorized; 94,872,068 and 64,091,266 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	9,488	6,410
Additional paid-in capital	298,752,278	172,112,688
Accumulated deficit	(117,447,000)	(6,840,871)
Total equity attributable to HOFRE	181,314,768	165,278,227
Non-controlling interest	(356,716)	(196,506)
Total equity	180,958,052	165,081,721
Total liabilities and stockholders’ equity	$ 360,239,318	$ 310,844,303

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	4,932,200	4,932,200
Preferred stock, shares issued
Preferred stock, shares outstanding
Series B convertible preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Series B convertible preferred stock, shares authorized	15,200	15,200
Series B convertible preferred stock, shares issued	15,200	0
Series B convertible preferred stock, shares outstanding	15,200	0
Common stock par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	94,872,068	64,091,266
Common stock, shares outstanding	94,872,068	64,091,266

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues
Sponsorships, net of activation costs	$ 1,508,402	$ 1,660,928	$ 2,983,838	$ 3,321,856
Rents and cost recoveries	55,078	42,657	96,961	317,437
Event revenues	5,057		6,719	27,833
Hotel revenues	795,222		1,191,560
Total revenues	2,363,759	1,703,585	4,279,078	3,667,126
Operating expenses
Property operating expenses	6,219,781	2,428,283	12,228,780	9,112,269
Hotel operating expenses	1,596,989		2,363,154
Commission expense	260,583	607,126	427,250	1,057,980
Depreciation expense	2,972,130	2,723,303	5,893,067	5,445,423
Total operating expenses	11,049,483	5,758,712	20,912,251	15,615,672
Loss from operations	(8,685,724)	(4,055,127)	(16,633,173)	(11,948,546)
Other income (expense)
Interest expense	(1,004,419)	(2,199,785)	(1,959,727)	(4,209,795)
Amortization of discount on note payable	(1,164,613)	(3,443,333)	(2,398,727)	(6,677,746)
Change in fair value of warrant liability	26,315,888		(90,035,112)
Gain on forgiveness of debt			390,400
Total other income (expense)	24,146,856	(5,643,118)	(94,003,166)	(10,887,541)
Net income (loss)	15,461,132	(9,698,245)	(110,636,339)	(22,836,087)
Series B preferred stock dividends	(130,000)		(130,000)
Non-controlling interest	209,921		160,210
Net income (loss) attributable to HOFRE stockholders	$ 15,541,053	$ (9,698,245)	$ (110,606,129)	$ (22,836,087)
Net income (loss) per share, basic (in Dollars per share)	$ 0.16	$ (1.78)	$ (1.30)	$ (4.20)
Weighted average shares outstanding, basic (in Shares)	94,397,222	5,436,000	84,978,294	5,436,000
Net income (loss) per share, diluted (in Dollars per share)		$ (1.78)	$ (1.30)	$ (4.20)
Weighted average shares outstanding, diluted (in Shares)	107,353,272	5,436,000	84,978,294	5,436,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes In Stockholders’ Equity (Unaudited) - USD ($)	Series B Convertible Preferred stockConvertible Preferred stock	Common Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Total Equity Attributable to HOFRE Stockholders	Non-controlling Interest	Total
Balance at Dec. 31, 2019		$ 544		$ 34,948,795	$ 34,949,339		$ 34,949,339
Balance (in Shares) at Dec. 31, 2019		5,436,000
Net income (loss)				(9,698,245)	(9,698,245)		(9,698,245)
Balance at Mar. 31, 2020		$ 544		25,250,550	25,251,094		25,251,094
Balance (in Shares) at Mar. 31, 2020		5,436,000
Contribution from members				3,699,000	3,699,000		3,699,000
Net income (loss)				(13,137,842)	(13,137,842)		(13,137,842)
Balance at Jun. 30, 2020		$ 544		15,811,708	15,812,252		15,812,252
Balance (in Shares) at Jun. 30, 2020		5,436,000
Balance at Dec. 31, 2020		$ 6,410	172,112,688	(6,840,871)	165,278,227	(196,506)	165,081,721
Balance (in Shares) at Dec. 31, 2020		64,091,266
Stock-based compensation on RSU and restricted stock awards			1,386,543		1,386,543		1,386,543
February 12, 2021 Capital Raise, net of offering costs		$ 1,224	27,560,774		27,561,998		27,561,998
February 12, 2021 Capital Raise, net of offering costs (in Shares)		12,244,897
February 18, 2021 Overallotment, net of offering costs		$ 184	4,184,814		4,184,998		4,184,998
February 18, 2021 Overallotment, net of offering costs (in Shares)		1,836,734
Exercise of Warrants		$ 1,601	73,570,976		73,572,577		73,572,577
Exercise of Warrants (in Shares)		16,005,411
Net income (loss)				(126,147,182)	(126,147,182)	49,711	(126,097,471)
Balance at Mar. 31, 2021		$ 9,419	278,815,795	(132,988,053)	145,837,161	(146,795)	145,690,366
Balance (in Shares) at Mar. 31, 2021		94,178,308
Issuance of vested RSUs		$ 2	(2)
Issuance of vested RSUs (in Shares)		24,028
Sale of Series B preferred stock and warrants	$ 2		15,199,998		15,200,000		15,200,000
Sale of Series B preferred stock and warrants (in Shares)	15,200
Series B preferred stock dividends				(130,000)	(130,000)		(130,000)
Stock-based compensation on RSU and restricted stock awards			1,620,149		1,620,149		1,620,149
Exercise of Warrants		$ 67	3,116,338		3,116,405		3,116,405
Exercise of Warrants (in Shares)		669,732
Net income (loss)				15,671,053	15,671,053	(209,921)	15,461,132
Balance at Jun. 30, 2021	$ 2	$ 9,488	$ 298,752,278	$ (117,447,000)	$ 181,314,768	$ (356,716)	$ 180,958,052
Balance (in Shares) at Jun. 30, 2021	15,200	94,872,068

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash Flows From Operating Activities
Net loss	$ (110,636,339)	$ (22,836,087)
Adjustments to reconcile net loss to cash flows used in operating activities
Depreciation expense	5,893,067	5,445,423
Amortization of note discounts	2,398,727	6,677,746
Interest paid in kind	952,012	2,199,714
Gain on forgiveness of debt	(390,400)
Change in fair value of warrant liability	90,035,112
Stock-based compensation expense	3,006,692
Changes in operating assets and liabilities:
Accounts receivable	675,668	(346,185)
Prepaid expenses and other assets	(2,033,495)	(3,550,720)
Accounts payable and accrued expenses	(2,060,008)	2,121,854
Due to affiliates	178,436	(3,619,101)
Other liabilities	(275,640)	3,441,126
Net cash used in operating activities	(12,256,168)	(10,466,230)
Cash Flows From Investing Activities
Additions to project development costs and property and equipment	(26,098,120)	(14,688,633)
Purchase of leasehold improvements		(156,390)
Net cash used in investing activities	(26,098,120)	(14,845,023)
Cash Flows From Financing Activities
Proceeds from notes payable	6,000,000	36,014,210
Repayments of notes payable	(4,309,947)	(5,572,102)
Payment of financing costs	(15,000)	(135,268)
Proceeds from sale of Series B preferred stock and warrants	15,200,000
Proceeds from equity raises, net of offering costs	31,746,996
Proceeds from exercise of warrants	23,346,870
Net cash provided by financing activities	71,968,919	30,306,840
Net increase in cash and restricted cash	33,614,631	4,995,587
Cash and restricted cash, beginning of period	40,053,461	8,614,592
Cash and restricted cash, end of period	73,668,092	13,610,179
Cash	61,908,208	2,149,500
Restricted Cash	11,759,884	11,460,679
Total cash and restricted cash	73,668,092	13,610,179
Supplemental disclosure of cash flow information
Cash paid during the year for interest	1,702,523	1,463,074
Cash paid for income taxes
Non-cash investing and financing activities
Project development cost acquired through accounts payable and accrued expenses, net	5,782,496	2,184,718
Settlement of warrant liability	53,342,112
Non-cash contribution from PFHOF in shared services agreement		3,699,000
Accrued dividends	$ 130,000

Organization and Nature of Busi

Organization and Nature of Business	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Organization and Nature of Business	Note 1: Organization and Nature of Business Organization and Nature of Business Hall of Fame Resort & Entertainment Company, a Delaware corporation (together with its subsidiaries, unless the context indicates otherwise, the “Company” or “HOFRE”), was incorporated in Delaware as GPAQ Acquisition Holdings, Inc., a wholly owned subsidiary of our legal predecessor, Gordon Pointe Acquisition Corp. (“GPAQ”), a special purpose acquisition company. On July 1, 2020, the Company consummated a business combination with HOF Village, LLC, a Delaware limited liability company (“HOF Village”), pursuant to an Agreement and Plan of Merger dated September 16, 2019 (as amended on November 6, 2019, March 10, 2020 and May 22, 2020, the “Merger Agreement”), by and among the Company, GPAQ, GPAQ Acquiror Merger Sub, Inc., a Delaware corporation (“Acquiror Merger Sub”), GPAQ Company Merger Sub, LLC, a Delaware limited liability company (“Company Merger Sub”), HOF Village and HOF Village Newco, LLC, a Delaware limited liability company (“Newco”). The transactions contemplated by the Merger Agreement are referred to as the “Business Combination”. The Company is a resort and entertainment company leveraging the power and popularity of professional football and its legendary players in partnership with the National Football Museum, Inc., doing business as the Pro Football Hall of Fame (“PFHOF”). Headquartered in Canton, Ohio, the Company owns the Hall of Fame Village powered by Johnson Controls, a multi-use sports, entertainment and media destination centered around the PFHOF’s campus. The Company is creating a diversified set of revenue streams through developing themed attractions, premier entertainment programming, sponsorships and media. The Company has entered into several agreements with PFHOF, an affiliate of HOFRE, and certain government entities, which outline the rights and obligations of each of the parties with regard to the property on which the Hall of Fame Village powered by Johnson Controls sits, portions of which are owned by the Company and portions of which are net leased to the Company by the government entities (see Note 7 for additional information). Under these agreements, the PFHOF and the government entities are entitled to use portions of the Hall of Fame Village powered by Johnson Controls on a direct-cost basis. COVID-19 Since 2020, the world has been, and continues to be, impacted by the novel coronavirus (“COVID-19”) pandemic. COVID-19 and measures to prevent its spread impacted the Company’s business in a number of ways, most significantly with regard to a reduction in the number of events and attendance at events at Tom Benson Hall of Fame Stadium and National Youth Football and Sports Complex, which negatively impacts the Company’s ability to sell sponsorships. Also, the Company opened its newly renovated DoubleTree by Hilton in Canton in November 2020, but the occupancy rate has been negatively impacted by the pandemic. The impact of these disruptions and the extent of their adverse impact on the Company’s financial and operating results will be dictated by the length of time that such disruptions continue, which will, in turn, depend on the currently unknowable duration and severity of the impacts of COVID-19, and among other things, the impact of governmental actions imposed in response to COVID-19 and individuals’ and companies’ risk tolerance regarding health matters going forward and developing strain mutations. With the State of Ohio relaxing restrictions and travel beginning to increase, the Company is targeting more events through the second half of 2021 and moving forward. Liquidity The Company has sustained recurring losses and negative cash flows from operations through June 30, 2021. In addition, the Company has significant debt obligations maturing in the 12 month period subsequent to the date these unaudited condensed consolidated financial statements are issued. Since inception, the Company’s operations have been funded principally through the issuance of debt and equity. As of June 30, 2021, the Company had approximately $62 million of unrestricted cash and cash equivalents and $12 million of restricted cash, respectively. On June 4, 2021, the Company completed a private placement with CH Capital Lending, LLC pursuant to which the Company sold to CH Capital Lending, LLC preferred stock and warrants to purchase shares of the Company’s common stock par value $0.0001 per share (“Common Stock”), for a purchase price of $15 million. See Note 5 for more information. In addition, during February 2021, the Company received approximately $34.5 million gross proceeds from the issuance of shares of its Common Stock, before offering costs. The Company believes that, as a result of these transactions and its current ongoing negotiations, it currently has sufficient cash and future financing to meet its funding requirements over the next twelve months. Notwithstanding, the Company expects that it will need to raise additional financing to accomplish its development plan over the next several years. The Company is seeking to obtain additional funding through debt, construction lending, and equity financing. There are no assurances that the Company will be able to raise capital on terms acceptable to the Company or at all, or that cash flows generated from its operations will be sufficient to meet its current operating costs. If the Company is unable to obtain sufficient amounts of additional capital, it may be required to reduce the scope of its planned development, which could harm its financial condition and operating results.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2: Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and Rule 10 of SEC Regulation S–X. Accordingly, they do not include all of the information and notes required by U.S. GAAP. However, in the opinion of the management of the Company, all adjustments necessary for a fair presentation of the financial position and operating results have been included in these statements. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Form 10-K/A for the year ended December 31, 2020, filed on May 12, 2021. Operating results for the three and six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for any subsequent quarters or for the year ending December 31, 2021. Consolidation The unaudited condensed consolidated financial statements include the accounts and activity of the Company, and its wholly owned subsidiaries. Investments in a variable interest entity in which the Company is not the primary beneficiary, or where the Company does not own a majority interest but has the ability to exercise significant influence over operating and financial policies, are accounted for using the equity method. All intercompany profits, transactions and balances have been eliminated in consolidation. The Company owns a 60% interest in Mountaineer GM, LLC (“Mountaineer”), whose results are consolidated into the Company’s results of operations. The Company acquired 60% of the equity interests in Mountaineer for a purchase price of $100 from one of its related parties. The portion of Mountaineer’s net income (loss) that is not attributable to the Company is included in non-controlling interest. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Use of Estimates The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates and assumptions for the Company relate to bad debt, depreciation, costs capitalized to project development costs, useful lives of assets, stock-based compensation, fair value of financial instruments, and estimates and assumptions used to measure impairment. Management adjusts such estimates when facts and circumstances dictate. Actual results could differ from those estimates. Warrant Liability The Company accounts for warrants for shares of the Company’s Common Stock that are not indexed to its own stock as liabilities at fair value on the balance sheet. Such warrants are subject to remeasurement at each balance sheet date and any change in fair value is recognized as a component of other expense on the statement of operations. The Company will continue to adjust the liability for changes in fair value until the earlier of the exercise or expiration of such Common Stock warrants. At that time, the portion of the warrant liability related to such Common Stock warrants will be reclassified to additional paid-in capital. Property and Equipment and Project Development Costs Property and equipment are recorded at historical cost and are depreciated using the straight-line method over the estimated useful lives of the assets. During the construction period, the Company capitalizes all costs related to the development of the Hall of Fame Village powered by Johnson Controls. Project development costs include predevelopment costs, amortization of finance costs, real estate taxes, insurance, and other project costs incurred during the period of development. The capitalization of costs began during the preconstruction period, which the Company defines as activities that are necessary to the development of the project. The Company ceases cost capitalization when a portion of the project is held available for occupancy and placed into service. This usually occurs upon substantial completion of all costs necessary to bring a portion of the project to the condition needed for its intended use, but no later than one year from the completion of major construction activity. The Company will continue to capitalize only those costs associated with the portion still under construction. Capitalization will also cease if activities necessary for the development of the project have been suspended. As of June 30, 2021, the second two phases of the project remained subject to such capitalization. The Company reviews its property and equipment and projects under development for impairment whenever events or changes indicate that the carrying value of the long-lived assets may not be fully recoverable. In cases where the Company does not expect to recover its carrying costs, an impairment charge is recorded. The Company measures and records impairment losses on its long-lived assets when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than their carrying amount. Considerable judgment by management is necessary to estimate undiscounted future operating cash flows and fair values and, accordingly, actual results could vary significantly from such estimates. Net Income (Loss) Per Common Share Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the periods. Diluted net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of common shares outstanding during the period. The Company’s potentially dilutive Common Stock equivalent shares, which include incremental common shares issuable upon (i) the exercise of outstanding stock options and warrants, (ii) vesting of restricted stock units and restricted stock awards, (iii) conversion of preferred stock, and (iv) the conversion of convertible notes are only included in the calculation of diluted net loss per share when their effect is dilutive. For the three months ended June 30, 2021, the Company calculated net income per share, diluted, as follows: For the Numerator for net income per share Net income attributable to common stock – basic $ 15,541,053 Reverse: change in fair value of warrant liabilities (15,025,888 ) Net income available to common stockholders – diluted $ 515,165 Denominator for net income per share Weighted average shares outstanding – basic 94,397,222 Unvested restricted stock awards 477,286 Unvested restricted stock units 3,220,972 Warrants to purchase shares of common stock, treasury method 9,257,792 Weighted average shares outstanding – diluted 107,353,272 Net income per share – basic $ 0.16 Net income per share – diluted $ 0.00 For the six months ended June 30, 2021, and for the three and six months ended June 30, 2020, the Company was in a loss position and therefore all potentially dilutive securities would be anti-dilutive and the calculations are presented on the accompanying condensed consolidated statements of operations. For the three and six months ended June 30, 2021, the following outstanding Common Stock equivalents have been excluded from the calculation of net income (loss) per share because their impact would be anti-dilutive. The Company was not a public entity as of June 30, 2020; therefore, no warrants, restricted stock awards, restricted stock units, or convertible debt were potentially dilutive securities. For the For the Warrants to purchase shares of Common Stock 27,214,854 41,112,349 Restricted stock awards to purchase shares of Common Stock - 477,286 Restricted stock units to purchase shares of Common Stock - 3,220,972 Shares of Common Stock issuable upon conversion of convertible notes 3,321,706 3,321,706 Total anti-dilutive securities 30,536,561 48,132,313 Revenue Recognition The Company follows ASC 606, Revenue with Contracts with Customers. The Company generates revenues from various streams such as sponsorship agreements, rents, cost recoveries, events, hotel operation, Hall of Fantasy League, and through the sale of non-fungible tokens. The sponsorship arrangements, in which the customer sponsors a play area or event and receives specified brand recognition and other benefits over a set period of time, recognized revenue on a straight-line basis over the time period specified in the contract. Refer to Note 6 for more details. Revenue for rents, cost recoveries and events are recognized at the time the respective event or service has been performed. A performance obligation is a promise in a contract to transfer a distinct good or service to a customer. If the contract does not specify the revenue by performance obligation, the Company allocates the transaction price to each performance obligation based on its relative standalone selling price. Such prices are generally determined using prices charged to customers or using the Company’s expected cost plus margin. Revenue is recognized as the Company’s performance obligations are satisfied. If consideration is received in advance of the Company’s performance, including amounts which are refundable, recognition of revenue is deferred until the performance obligation is satisfied or amounts are no longer refundable. The Company’s owned hotel revenues primarily consist of hotel room sales, revenue from accommodations sold in conjunction with other services (e.g. packages reservations), food and beverage sales and other ancillary goods and services (e.g. parking) related to owned hotel properties. Revenue is recognized when rooms are occupied or goods and services have been delivered or rendered, respectively. Payment terms typically align with when the goods and services are provided. Although the transaction prices of hotel room sales, goods and other services are generally fixed and based on the respective room reservation or other agreement, an estimate to reduce the transaction price is required if a discount is expected to be provided to the customer. For package reservations, the transaction price is allocated to the performance obligations within the package based on the estimated standalone selling prices of each component. Advertising The Company expenses all advertising and marketing costs as they are incurred. Total advertising and marketing costs for the three months ended June 30, 2021 and 2020 were $72,016 and $49,908, respectively, and for the six months ended June 30, 2021 and 2020 were $347,874 and $267,595, respectively, which are recorded as property operating expenses on the Company’s unaudited condensed consolidated statements of operations. Software Development Costs The Company recognizes all costs incurred to establish technological feasibility of a computer software product to be sold, leased, or otherwise marketed as research and development costs. Prior to the point of reaching technological feasibility, all costs shall be charged to expense when incurred. Once the development of the product establishes technological feasibility, the Company will begin capitalizing these costs. Management exercises its judgement in determining when technological feasibility is established based on when a product design and working model have been completed and the completeness of the working model and its consistency with the product design have been confirmed through testing. Accounting for Real Estate Investments Upon the acquisition of real estate properties, a determination is made as to whether the acquisition meets the criteria to be accounted for as an asset or business combination. The determination is primarily based on whether the assets acquired, and liabilities assumed meet the definition of a business. The determination of whether the assets acquired, and liabilities assumed meet the definition of a business include a single or similar asset threshold. In applying the single or similar asset threshold, if substantially all the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets, the assets acquired, and liabilities assumed are not considered a business. Most of the Company’s acquisitions meet the single or similar asset threshold, due to the fact that substantially all the fair value of the gross assets acquired is attributable to the real estate acquired. Acquired real estate properties accounted for as asset acquisitions are recorded at cost, including acquisition and closing costs. The Company allocates the cost of real estate properties to the tangible and intangible assets and liabilities acquired based on their estimated relative fair values. The Company determines the fair value of tangible assets, such as land, building, furniture, fixtures and equipment, using a combination of internal valuation techniques that consider comparable market transactions, replacement costs and other available information and fair value estimates provided by third party valuation specialists, depending upon the circumstances of the acquisition. The Company determines the fair value of identified intangible assets or liabilities, which typically relate to in-place leases, using a combination of internal valuation techniques that consider the terms of the in-place leases, current market data for comparable leases, and fair value estimates provided by third party valuation specialists, depending upon the circumstances of the acquisition. If a transaction is determined to be a business combination, the assets acquired, liabilities assumed, and any identified intangibles are recorded at their estimated fair values on the transaction date, and transaction costs are expensed in the period incurred. Fair Value Measurement The Company follows Accounting Standards Codification (“ASC”) 820–10 “Fair Value Measurement” of the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification to measure the fair value of its financial instruments and disclosures about fair value of its financial instruments. ASC 820–10 establishes a framework for measuring fair value and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, ASC 820–10 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The three (3) levels of fair value hierarchy defined by ASC 820–10 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. Financial assets or liabilities are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts of the Company’s financial assets and liabilities, such as cash, prepaid expenses and other current assets, accounts payable and accrued expenses approximate their fair values due to the short-term nature of these instruments. The Company uses Levels 1 and 3 of the fair value hierarchy to measure the fair value of its warrant liabilities. The Company revalues such liabilities at every reporting period and recognizes gains or losses as change in fair value of warrant liabilities in the unaudited condensed consolidated statements of operations that are attributable to the change in the fair value of the warrant liabilities. The following table provides the financial liabilities measured on a recurring basis and reported at fair value on the balance sheet as of June 30, 2021 and December 31, 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: Level June 30, December 31, Warrant liabilities – Public Warrants 1 $ 15,920,000 $ 4,130,000 Warrant liabilities – Private Warrants 3 1,550,000 420,000 Warrant liabilities – November Warrants 3 10,629,000 9,781,000 Warrant liabilities – December Warrants 3 27,706,000 4,781,000 Fair value of aggregate warrant liabilities as of June 30, 2021 $ 55,805,000 $ 19,112,000 The Public Warrants are classified as Level 1 due to the use of an observable market quote in the active market. Level 3 financial liabilities consist of the Private Warrants, November Warrants, and December Warrants, for which there is no current market for these securities and the determination of fair value requires significant judgment or estimation. Changes in fair value measurement categorized within Level 3 of the fair value hierarchy are analyzed each period based on changes in estimates or assumptions and recorded as appropriate. Subsequent measurement The following table presents the changes in fair value of the warrant liabilities: Public Warrants Private Warrants November Warrants December Warrants Total Warrant Liability Fair value as of January 1, 2021 $ 4,130,000 $ 420,000 $ 9,781,000 $ 4,781,000 $ 19,112,000 Settlement of warrants exercised - - (53,342,112 ) - (53,342,112 ) Change in fair value, exercised - - 45,400,119 - 45,400,119 Change in fair value, outstanding 11,790,000 1,130,000 8,789,993 22,925,000 44,634,993 Fair value as of June 30, 2021 $ 15,920,000 $ 1,550,000 $ 10,629,000 $ 27,706,000 $ 55,805,000 The key inputs into the Black Scholes valuation model for the Level 3 valuations as of June 30, 2021 and December 31, 2020 are below: June 30, 2021 December 31, 2020 Private Warrants November Warrants December Warrants Private Warrants November Warrants December Warrants Term (years) 4.0 4.4 4.5 4.5 4.9 5.0 Stock price $ 3.93 $ 3.93 $ 3.93 $ 1.23 $ 1.23 $ 1.23 Exercise price $ 11.50 $ 1.40 $ 1.40 $ 11.50 $ 1.40 $ 1.40 Dividend yield 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % Expected volatility 49.5 % 49.5 % 49.5 % 70.7 % 49.5 % 49.5 % Risk free interest rate 0.9 % 0.9 % 0.9 % 0.3 % 0.3 % 0.3 % Number of shares 2,103,573 3,860,570 10,036,925 1,480,000 20,535,713 10,036,925 Value (per share) $ 0.74 $ 2.75 $ 2.76 $ 0.28 $ 0.48 $ 0.48 Recent Accounting Pronouncements In February 2016, FASB issued Accounting Standards Update (“ASU”) No. 2016-02, Leases Classification for both lessees and lessors is based on an assessment of whether risks and rewards as well as substantive control have been transferred through a lease contract. ASU 2016-02 also requires qualitative and quantitative disclosures to assess the amount, timing and uncertainty of cash flows arising from leases. The Company is currently evaluating the impact of the pending adoption of this new standard on its condensed consolidated financial statements. In March 2019, the FASB issued ASU 2019-01, “ Leases (Topic 842): Codification Improvements Financial Instruments – Credit Losses (Topic 326): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases Subsequent Events Subsequent events have been evaluated through August 12, 2021, the date the condensed consolidated financial statements were issued. Except for as disclosed in Note 4, no events have been identified requiring disclosure or recording.

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 3: Property and Equipment Property and equipment consists of the following: Useful Life June 30, December 31, Land $ 2,300,564 $ 535,954 Land improvements 25 years 31,078,211 31,078,211 Building and improvements 15 to 39 years 157,913,580 158,020,145 Equipment 5 to 10 years 2,196,680 2,165,882 Property and equipment, gross 193,489,035 191,800,192 Less: accumulated depreciation (43,337,496 ) (37,444,429 ) Property and equipment, net $ 150,151,539 $ 154,355,763 Project development costs $ 126,595,920 $ 107,969,139 For the three months ended June 30, 2021 and 2020, the Company recorded depreciation expense of $2,972,130 and $2,721,303, respectively, and for the six months ended June 30, 2021 and 2020, of $5,893,067 and $5,445,423, respectively. For the six months ended June 30, 2021 and 2020, the Company incurred $18,626,781 and $16,873,351 of capitalized project development costs, respectively.

Notes Payable, net

Notes Payable, net	6 Months Ended
	Jun. 30, 2021
Notes Payable Net [Abstract]
Notes Payable, net	Note 4: Notes Payable, net Notes payable, net consisted of the following at June 30, 2021: Gross Discount Net Interest Rate Maturity Date TIF loan $ 9,554,000 $ (1,639,373 ) $ 7,914,627 5.20 % 7/31/2048 Preferred equity loan 2,700,000 - 2,700,000 7.00 % 10/9/2025 City of Canton Loan 3,500,000 (7,100 ) 3,492,900 5.00 % 7/1/2027 New Market/SCF 2,999,989 - 2,999,989 4.00 % 12/30/2024 Constellation EME 7,723,333 - 7,723,333 6.05 % 12/31/2022 JKP Capital loan 6,953,831 (9,260 ) 6,944,571 12.00 % 12/2/2021 MKG DoubleTree Loan 15,300,000 (264,849 ) 15,035,151 5.00 % 3/31/2022 Convertible PIPE Notes, plus PIK accrual 22,919,773 (12,571,254 ) 10,348,519 10.00 % 3/31/2025 Canton Cooperative Agreement 2,670,000 (178,041 ) 2,491,959 3.85 % 5/15/2040 Aquarian Mortgage Loan 40,000,000 (1,004,569 ) 38,995,431 10.00 % 11/30/2021 Constellation EME #2 4,888,279 - 4,888,279 5.93 % 4/30/2026 Total $ 119,209,205 $ (15,674,446 ) $ 103,534,759 Notes payable, net consisted of the following at December 31, 2020: Gross Discount Net TIF loan $ 9,654,000 $ (1,666,725 ) $ 7,987,275 Syndicated unsecured term loan 170,090 - 170,090 Preferred equity loan 1,800,000 - 1,800,000 Naming rights securitization loan 1,821,559 (113,762 ) 1,707,797 City of Canton Loan 3,500,000 (7,681 ) 3,492,319 New Market/SCF 2,999,989 - 2,999,989 Constellation EME 9,900,000 - 9,900,000 Paycheck protection plan loan 390,400 - 390,400 JKP Capital loan 6,953,831 (13,887 ) 6,939,944 MKG DoubleTree Loan 15,300,000 (443,435 ) 14,856,565 Convertible PIPE Notes, plus PIK accrual 21,797,670 (13,475,202 ) 8,322,468 Canton Cooperative Agreement 2,670,000 (181,177 ) 2,488,823 Aquarian Mortgage Loan 40,000,000 (2,156,303 ) 37,843,697 Total $ 116,957,539 $ (18,058,172 ) $ 98,899,367 During the three months ended June 30, 2021 and 2020, the Company recorded amortization of note discounts of $1,164,613 and $3,443,333, respectively, and for the six months ended June 30, 2021 and 2020, of $2,398,727 and $6,677,746, respectively. During the three months ended June 30, 2021 and 2020, the Company recorded paid-in-kind interest of $741,243 and $1,646,811, respectively. During the six months ended June 30, 2021 and 2020, the Company recorded paid-in-kind interest of $952,012 and $2,199,714, respectively. For more information on the notes payable above, please see Note 4 of the Company’s Annual Report on Form 10-K/A, as filed on May 12, 2021. Accrued Interest on Notes Payable As of June 30, 2021 and December 31, 2020, accrued interest on notes payable, were as follows: June 30, December 31, TIF loan $ 11,154 $ - Preferred equity loan 193,919 27,125 New Market/SCF 44,472 - Constellation EME - 248,832 Paycheck protection plan loan - 2,706 City of Canton Loan 1,507 4,472 JKP Capital Note 834,166 416,836 MKG Doubletree loan - 67,716 Canton Cooperative Agreement 36,078 20,593 Aquarian Mortgage Loan - 333,333 Total $ 1,121,296 $ 1,121,613 The amounts above were included in accounts payable and accrued expenses and other liabilities on the Company’s unaudited condensed consolidated balance sheet, as follows: June 30, December 31, Accounts payable and accrued expenses $ 927,377 $ 1,094,488 Other liabilities 193,919 27,125 $ 1,121,296 $ 1,121,613 7.00% Series A Cumulative Redeemable Preferred Stock (“Preferred Equity Loan”) On April 1, 2021, the Company received $900,000 in advance of a subscription agreement to purchase shares of 7.00% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”). On August 12, 2021, the Company entered into a subscription agreement with American Capital Center, LLC (the “Investor”) to issue to the Investor 900 shares of Series A Preferred Stock at a price of $1,000 per share for an aggregate purchase price of $900,000. The Company had 1,800 shares of Series A Preferred Stock outstanding and 52,800 shares of Series A Preferred Stock authorized as of June 30, 2021 and December 31, 2020. This preferred stock is required to be redeemed in cash after five years from the date of issuance and is recorded in notes payable, net on the Company’s unaudited condensed consolidated balance sheet. Paycheck Protection Program Loan On April 22, 2020, the Company obtained a Paycheck Protection Program Loan (“PPP Loan”) for $390,400. The PPP Loan had a fixed interest rate of 1%, and required the Company to make 18 monthly payments beginning on November 22, 2020, with a maturity date of April 22, 2022, subject to debt forgiveness provisions from the Small Business Association. On February 1, 2021, the Company obtained notice from the Small Business Association that the full outstanding amount of the PPP Loan was forgiven. During the six months ended June 30, 2021, the Company recognized the forgiveness of the PPP Loan as “Gain on Forgiveness of Debt” in the Company’s unaudited condensed consolidated statement of operations. Convertible PIPE Notes On July 1, 2020, concurrently with the closing of the Business Combination, the Company entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with certain funds managed by Magnetar Financial, LLC and other purchasers (together, the “Purchasers”), pursuant to which the Company agreed to issue and sell to the Purchasers in a private placement (the “Private Placement”) $20,721,293 in aggregate principal amount of the Company’s 8.00% Convertible Notes due 2025 (the “PIPE Notes”). Interest on PIPE Notes is payable quarterly in either cash or an increase in the principal amount of PIPE Notes (“PIK Interest”). If the Company pays interest as PIK Interest, the interest rate for such payment is 10%, rather than 8%. Pursuant to the terms of the Note Purchase Agreement, the PIPE Notes may be converted into shares of Common Stock at a conversion price equal to $6.90 per share. There are also Note Redemption Warrants that may be issued pursuant to the Note Purchase Agreement upon redemption of the PIPE Notes that will be exercisable for a number of shares of Common Stock to be determined at the time any such warrant is issued. The exercise price per share of Common Stock of any warrant will be set at the time such warrant is issued pursuant to the Note Purchase Agreement. Constellation EME #2 On February 1, 2021, the Company entered into a loan facility with Constellation whereby it may borrow up to $5,100,000 (the “Constellation EME #2”). The proceeds of the Constellation EME #2 are to be held in escrow by a custodian to fund future development costs. The proceeds will be released from escrow as development costs are incurred. The maturity date is April 30, 2026 and payments are due in 60 monthly installments totaling $6,185,716, with an effective interest rate of 8.7%. The Company also has a sponsorship agreement with Constellation. Refer to Note 6 for additional information. Future Minimum Principal Payments The minimum required principal payments on notes payable outstanding as of June 30, 2021 are as follows: For the years ending December 31, Amount 2021 (six months) $ 49,985,458 2022 21,810,248 2023 1,448,706 2024 4,596,930 2025 27,256,596 Thereafter 14,111,267 Total Gross Principal Payments $ 119,209,205 Less: Discount (15,674,446 ) Total Net Principal Payments $ 103,534,759 The Company has various debt covenants that

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Note 5: Stockholders’ Equity Authorized Capital On November 3, 2020, the Company’s stockholders approved an amendment to the Company’s charter to increase the authorized shares of Common Stock from 100,000,000 to 300,000,000. Consequently, the Company’s charter allows the Company to issue up to 300,000,000 shares of Common Stock and to issue and designate its rights of, without stockholder approval, up to 5,000,000 shares of preferred stock, par value $0.0001. Series A Preferred Stock Designation On October 8, 2020, the Company filed a Certificate of Designations with the Secretary of State of the State of Delaware to establish preferences, limitations and relative rights of the Series A Preferred Stock. The number of authorized shares of Series A Preferred Stock is 52,800. Series B Preferred Stock Designation On May 13, 2021, the Company filed a Certificate of Designations with the Secretary of State of the State of Delaware to establish preferences, limitations and relative rights of the 7.00% Series B Preferred Stock (as defined below). The number of authorized shares of Series B Preferred Stock is 15,200. 7.00% Series B Convertible Preferred Stock The Company had 15,200 and 0 shares of 7.00% Series B Convertible Preferred Stock (“Series B Preferred Stock”) outstanding and 15,200 and 0 shares authorized as of June 30, 2021 and December 31, 2020, respectively. On the third anniversary of the date on which shares of Series B Preferred Stock are first issued (the “Automatic Conversion Date”), each share of Series B Preferred Stock, except to the extent previously converted pursuant to an Optional Conversion (as defined below), shall automatically be converted into shares of Common Stock (the “Automatic Conversion”). At any time following the date on which shares of Series B Preferred Stock are first issued, and from time to time prior to the Automatic Conversion Date, each holder of Series B Preferred Stock shall have the right, but not the obligation, to elect to convert all or any portion of such holder’s shares of Series B Preferred Stock into shares of Common Stock, on terms similar to the Automatic Conversion (any such conversion, an “Optional Conversion”). 2020 Omnibus Incentive Plan On July 1, 2020, in connection with the closing of the Business Combination, the Company’s omnibus incentive plan (the “2020 Omnibus Incentive Plan”) became effective immediately upon the closing of the Business Combination. The 2020 Omnibus Incentive Plan was previously approved by the Company’s stockholders and Board of Directors. Subject to adjustment, the maximum number of shares of Common Stock authorized for issuance under the 2020 Omnibus Incentive Plan was 1,812,727 shares. On June 2, 2021, the Company held its 2021 Annual Meeting whereby the Company’s stockholders approved an amendment to the 2020 Omnibus Incentive Plan to increase by four million the number of shares of Common Stock, par value $0.0001 per share, of the Company that will be available for issuance under the 2020 Omnibus Incentive Plan, resulting in a maximum of 5,812,727 shares that can be issued under the amended Plan. The amendment to the Plan was previously approved by the board of directors of the Company, and the amended Plan became effective on June 2, 2021. As of June 30, 2021, 2,323,237 shares remained available for issuance under the 2020 Omnibus Incentive Plan. Issuance of Restricted Stock Awards The Company’s activity in restricted Common Stock was as follows for the six months ended June 30, 2021: Number of Weighted Non–vested at January 1, 2021 477,286 $ 9.30 Granted 24,028 $ 4.93 Vested (24,028 ) $ 4.93 Non–vested at June 30, 2021 477,286 $ 9.30 For the three months ended June 30, 2021 and 2020, the Company recorded $673,005 and $0, respectively, in employee and director stock-based compensation expense, and for the six months ended June 30, 2021 and 2020, $1,227,551 and $0, respectively. As of June 30, 2021, unamortized stock-based compensation costs related to restricted share arrangements was $2,218,187 and will be recognized over a weighted average period of 1.0 year. Issuance of Restricted Stock Units During the six months ended June 30, 2021, the Company granted an aggregate of 1,734,197 Restricted Stock Units (“RSUs”) to its employees and directors under the 2020 Omnibus Incentive Plan. The RSUs were valued at the value of the Company’s Common Stock on the date of grant, which was a range of $1.98 to $5.29 for these awards. The RSUs granted to employees vest one third on the first anniversary of their grant, one third on the second anniversary of their grant, and one third on the third anniversary of their grant. The RSUs granted to directors vest one year from the date of grant. The Company’s activity in restricted stock units was as follows for six months ended June 30, 2021: Number of Weighted average Non–vested at January 1, 2021 1,499,933 $ 2.49 Granted 1,734,197 $ 2.00 Vested - Forfeited (13,158 ) 1.98 Non–vested at June 30, 2021 3,220,972 $ 2.24 For the three months ended June 30, 2021 and 2020, the Company recorded $947,144 and $0, respectively, in employee and director stock-based compensation expense, and for the six months ended June 30, 2021 and 2020, $1,779,141 and $0, respectively, which is a component of property operating expenses in the unaudited condensed consolidated statement of operations. As of June 30, 2021, unamortized stock-based compensation costs related to restricted stock units was $4,880,493 and will be recognized over a weighted average period of 1.9 years. Warrants The Company’s warrant activity was as follows for the six months ended June 30, 2021: Number of Shares Weighted Average Exercise Price (USD) Weighted Average Contractual Life (years) Intrinsic Value (USD) Outstanding - January 1, 2021 55,303,832 $ 5.92 4.73 Granted 2,483,660 $ 6.90 Exercised (16,675,143 ) $ 1.40 Outstanding – June 30, 2021 41,112,349 $ 7.81 4.09 $ 35,160,662 Exercisable – June 30, 2021 38,628,689 $ 7.87 4.17 $ 35,160,662 During the six months ended June 30, 2021, warrants to purchase 16,675,143 shares of Common Stock were exercised with an exercise price of $1.40 per share. These exercises resulted in cash proceeds to the Company of $23,346,870 and the settlement of the Company’s warrant liability of $53,342,112. February 2021 Public Offering and Over-allotment On February 12, 2021, the Company closed its public offering of 12,244,897 shares of Common Stock at a public offering price of $2.45 per share pursuant to the terms of the underwriting agreement between the Company and Maxim Group LLC, entered into on February 9, 2021 (the “Underwriting Agreement”). On February 18, 2021, the Company closed the sale of an additional 1,836,734 shares of Common Stock at $2.45 per share pursuant to the exercise of the underwriters’ over-allotment option in connection with its public offering that closed on February 12, 2021. Under the terms of the Underwriting Agreement, each of the Company’s executive officers, directors and stockholders of more than 5% of the outstanding Common Stock signed lock-up agreements pursuant to which each agreed, subject to certain exceptions, not to transact in the Common Stock for a period of 90 days following February 12, 2021. Gross proceeds including the over-allotment, before underwriting discounts and commissions and estimated offering expenses, are approximately $34.5 million. Private Placement of Preferred Stock and Warrants to Purchase Common Stock On June 4, 2021, in accordance with the previously announced Securities Purchase Agreement, dated May 13, 2021, between the Company and IRG, LLC, as assigned by IRG, LLC to CH Capital Lending, LLC, and the binding term sheet dated January 28, 2021, the Company issued and sold to CH Capital Lending, LLC for a purchase price of $15 million in a private placement (the “New Private Placement”) (i) 15,000 shares of Series B Preferred Stock, which are convertible into shares of Common Stock, having an aggregate liquidation preference of $15 million plus any accrued but unpaid dividends to the date of payment, and (ii) 2,450,980 Series D Warrants, with a term of three years, exercisable six months after issuance, each exercisable for one share of Common Stock at an exercise price of $6.90 per share, subject to certain adjustments. Also on June 4, 2021, the Company closed a securities purchase agreement with another purchaser for 200 shares of Series B Preferred Stock and 32,680 Series D Warrants.

Sponsorship Revenue and Associa

Sponsorship Revenue and Associated Commitments	6 Months Ended
	Jun. 30, 2021
Sponsorship Revenue And Associated Commitments Disclosure [Abstract]
Sponsorship Revenue and Associated Commitments	Note 6: Sponsorship Revenue and Associated Commitments Johnson Controls, Inc. On July 2, 2020, the Company entered into an Amended and Restated Sponsorship and Naming Rights Agreement (the “Amended Sponsorship Agreement”) among Newco, PFHOF and Johnson Controls, Inc. (“JCI”), that amended and restated the Sponsorship and Naming Rights Agreement, dated as of November 17, 2016 (the “Original Sponsorship Agreement”). Among other things, the Amended Sponsorship Agreement: (i) reduced the total amount of fees payable to Newco during the term of the Amended Sponsorship Agreement from $135 million to $99 million; (ii) restricted the activation proceeds from rolling over from year to year with a maximum amount of activation proceeds in one agreement year to be $750,000; and (iii) renamed the “Johnson Controls Hall of Fame Village” to “Hall of Fame Village powered by Johnson Controls”. This is a prospective change, which the Company reflected beginning in the third quarter of 2020. JCI has the right to terminate the Amended Sponsorship Agreement if Phase II is not substantially complete by January 2, 2024 . As of June 30, 2021, scheduled future cash to be received and required activation spend under the non-cancellable period of the Amended Sponsorship Agreement is as follows: Unrestricted Activation Total 2021 (six months) $ 2,947,917 $ 500,000 $ 3,447,917 Total $ 2,947,917 $ 500,000 $ 3,447,917 As services are provided, the Company is recognizing revenue on a straight-line basis over the expected term of the Amended Sponsorship Agreement. During the three months ended June 30, 2021 and 2020, the Company recognized $1,121,385 and $1,237,347 of net sponsorship revenue related to this deal, respectively, and for the six months ended June 30, 2021 and 2020, $2,230,447 and $2,474,694, respectively. Accounts receivable from JCI totaled $0 and $0 at June 30, 2021 and December 31, 2020, respectively. Aultman Health Foundation In 2016, the Company and PFHOF entered into a 10-year licensing agreement with Aultman Health Foundation (“Aultman”) allowing Aultman use of the HOF Village and PFHOF marks and logos. Under terms of the agreement, the Company will receive $2.5 million in cash sponsorship funds. Of those funds, the Company is contractually obligated to spend $700,000 as activation expenses for the benefit of Aultman. As services are provided, the Company is recognizing revenue on a straight-line basis over the expected term of the agreement. During the three months ended June 30, 2021 and 2020, the Company recognized $0 and $44,852 of net sponsorship revenue related to this deal, respectively, and for the six months ended June 30, 2021 and 2020, $4,491 and $89,704, respectively. Accounts receivable from Aultman totaled $0 and $0 at June 30, 2021 and December 31, 2020, respectively. On January 12, 2021, the Company notified Aultman that the Company terminated as to itself, effective as of January 26, 2021, the Sponsorship Agreement, dated December 6, 2016, among Aultman, PFHOF and the Company. As such, the Company will no longer be receiving future sponsorship payments from Aultman. First Data Merchant Services LLC In December 2018, the Company and PFHOF entered into an 8-year licensing agreement with First Data Merchant Services LLC (“First Data”) and Santander Bank. As of June 30, 2021, scheduled future cash to be received under the agreement are as follows: Year ending December 31: 2021 (six months) $ - 2022 150,000 2023 150,000 2024 150,000 2025 150,000 Thereafter 150,000 Total $ 750,000 As services are provided, the Company is recognizing revenue on a straight-line basis over the expected term of the agreement. During the three months ended June 30, 2021 and 2020, the Company recognized $37,042 and $37,042 of net sponsorship revenue related to this deal, respectively, and for the six months ended June 30, 2021 and 2020, $73,677 and $74,084, respectively. As of June 30, 2021 and December 31, 2020, accounts receivable from First Data totaled $0 and $58,141, respectively. Constellation NewEnergy, Inc. On December 19, 2018 the Company and PFHOF entered into a sponsorship and services agreement with Constellation (the “Constellation Sponsorship Agreement”) whereby Constellation and its affiliates will provide the gas and electric needs in exchange for certain sponsorship rights. The original term of the Company’s Constellation Sponsorship Agreement was through December 31, 2028, however, in June 2020, the Company entered into an amended contract with Constellation which extended the term of the Constellation Sponsorship Agreement through December 31, 2029. The Constellation Sponsorship Agreement provides for certain rights to Constellation and its employees, to benefit from the relationship with the Company from discounted pricing, marketing efforts, and other benefits as detailed in the agreement. The Constellation Sponsorship Agreement also provides for Constellation to pay sponsorship income and to provide activation fee funds. Activation fee funds are to be used in the year received and do not roll forward for future years as unspent funds. The amounts are due by March 31 of the year to which they apply, which is represented in the chart below. The Constellation Sponsorship Agreement includes certain contingencies reducing the sponsorship fee amount owed by Constellation if construction is not on pace with the timeframe noted in the Constellation Sponsorship Agreement. The Company also has a note payable with Constellation. Refer to Note 4 for additional information. As of June 30, 2021, scheduled future cash to be received and required activation spend under the Constellation Sponsorship Agreement are as follows: Unrestricted Activation Total 2021 (six months) $ - $ - $ - 2022 1,396,000 200,000 1,596,000 2023 1,423,220 200,000 1,623,220 2024 1,257,265 166,000 1,423,265 2025 1,257,265 166,000 1,423,265 Thereafter 5,029,057 664,000 5,693,057 Total $ 10,362,807 $ 1,396,000 $ 11,758,807 As services are provided, the Company is recognizing revenue on a straight-line basis over the expected term of the Constellation Sponsorship Agreement. During the three months ended June 30, 2021 and 2020, the Company recognized $292,378 and $326,736 of net sponsorship revenue related to this deal, respectively, and for the six months ended June 30, 2021 and 2020, $581,543 and $653,473, respectively. Accounts receivable from Constellation totaled $383,410 and $1,101,867 at June 30, 2021 and December 31, 2020, respectively. Turf Nation, Inc. During October 2018, the Company entered into a 5-year sponsorship agreement with Turf Nation, Inc. (“Turf Nation”). Under the terms of the agreement, the Company will receive payments over the term based on the sale of Turf Nation products based on rates defined in the sponsorship agreement. The minimum guaranteed fee per year beginning in 2020 is $50,000 per year. As services are provided, the Company is recognizing revenue on a straight-line basis over the expected term of the agreement. During the three months ended June 30, 2021 and 2020, the Company recognized $14,951 and $14,951 of net sponsorship revenue related to this deal, respectively, and for the six months ended June 30, 2021 and 2020, $29,737 and $29,901, respectively. Accounts receivable from Turf Nation totaled $161,829 and $132,092 at June 30, 2021 and December 31, 2020, respectively.

Other Commitments

Other Commitments	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Other Commitments	Note 7: Other Commitments Canton City School District The Company has entered into cooperative agreements with certain governmental entities that support the development of the project overall, where the Company is an active participant in the agreement activity, and the Company would benefit from the success of the activity. The Company had a commitment to the Canton City School District (“CCSD”) to provide a replacement for their Football Operations Center (“FOC”) and to construct a Heritage Project (“Heritage”). The commitment was defined in the Operations and Use Agreement for HOF Village Complex dated as of February 26, 2016. Project and Ground Leases Three wholly owned subsidiaries of the Company have project leases with the Stark County Port Authority to lease project improvements and ground leased property at the Tom Benson Hall of Fame Stadium, youth fields, and parking areas. On November 25, 2020, the Company entered into an amendment to its Stark County Port Authority lease, whereby the lease term was extended from January 31, 2056 to September 30, 2114. The future minimum lease commitments under non-cancellable operating leases described below reflect the amendment that was entered into on November 25, 2020, excluding the amounts yet to be paid from escrow for the FOC noted above, as follows: Year ending December 31: 2021 (six months) $ 165,950 2022 321,900 2023 321,900 2024 321,900 2025 321,900 Thereafter 41,320,800 Total $ 42,774,350 Rent expense on operating leases totaled $85,189 and $99,279 during the three months ended June 30, 2021 and 2020, respectively, and for the six months ended June 30, 2021 and 2020, $163,164 and $200,228, respectively, and is recorded as a component of property operating expenses on the Company’s unaudited condensed consolidated statement of operations. SMG Management Agreement On September 1, 2019, the Company entered into a Service Agreement with SMG to manage the Tom Benson Hall of Fame Stadium operations. Under that agreement, the Company incurs an annual management fee of $200,000. Management fee expense for the three months ended June 30, 2021 and 2020 was $50,000, and for the six months ended June 30, 2021 and 2020, $100,000, respectively, which is included in property operating expenses on the Company’s unaudited condensed consolidated statements of operations. The agreement term shall end on December 31, 2022. Employment Agreements The Company has employment agreements with many of its key executive officers that usually have terms between one year and three years. Management Agreement with Crestline Hotels & Resorts On October 22, 2019, the Company entered into a management agreement with Crestline Hotels & Resorts (“Crestline”). The Company appointed and engaged Crestline as the Company’s exclusive agent to supervise, direct and control management and operation of the DoubleTree Canton Downtown Hotel. In consideration of the services performed by Crestline, the Company agreed to the greater of: 2% of gross revenues or $10,000 per month in base management fees and other operating expenses. The agreement will be terminated on the fifth anniversary of the commencement date, or October 22, 2024. For the three months ended June 30, 2021 and 2020, the Company paid and incurred $30,000 and $0, respectively, in management fees, and for the six months ended June 30, 2021 and 2020, $60,000 and $0, respectively. Constellation EME Express Equipment Services Program On February 1, 2021, the Company entered into a contract with Constellation whereby Constellation will sell and/or deliver materials and equipment purchased by the Company. The Company is required to provide $2,000,000 to an escrow account held by Constellation, representing adequate assurance of future performance. Constellation will invoice the Company in 60 monthly installments, which began in April 2021 for $103,095.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2021
Loss Contingency [Abstract]
Contingencies	Note 8: Contingencies During the normal course of its business, the Company is subject to occasional legal proceedings and claims. The Company does not have any pending litigation that, separately or in the aggregate, would, in the opinion of management, have a material adverse effect on its results of operations, financial condition or cash flows.

Related-Party Transactions

Related-Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related-Party Transactions	Note 9: Related-Party Transactions Due to Affiliates Due to affiliates consisted of the following at June 30, 2021 and December 31, 2020: June 30, December 31, Due to IRG Member $ 1,293,146 $ 1,456,521 Due to IRG Affiliate 316,900 140,180 Due to PFHOF 291,946 126,855 Total $ 1,901,992 $ 1,723,556 IRG Canton Village Member, LLC, a member of HOF Village, LLC controlled by our director Stuart Lichter (the “IRG Member”) and an affiliate provide certain supporting services to the Company. As noted in the Operating Agreement of HOF Village, LLC, an affiliate of the IRG Member, IRG Canton Village Manager, LLC, the manager of HOF Village, LLC controlled by our director Stuart Lichter, may earn a master developer fee calculated as 4.0% of development costs incurred for the Hall of Fame Village powered by Johnson Controls, including, but not limited to site assembly, construction supervision, and project financing. These development costs incurred are netted against certain costs incurred for general project management. For the three months ended June 30, 2021 and 2020, costs incurred under these arrangements were $20 and $80,174, respectively, and for the six months ended June 30, 2021 and 2020, costs incurred were $40 and $208,946, respectively, which were included in Project Development Costs. The amounts due to the IRG Member above are for development fees, human resources support, and the Company’s engagement with them to identify and obtain naming rights sponsorships and other entitlement partners for the Company. The Company and IRG Member have an arrangement whereby the Company pays IRG Member $15,000 per month plus commissions. For both the three months ended June 30, 2021 and 2020, the Company incurred $45,000 in costs to this affiliate, respectively, and for the six months ended June 30, 2021 and 2020, the Company incurred $90,000, respectively. The amounts above due to related party advances are non-interest bearing advances from an affiliate of IRG Member due on demand. The Company is currently in discussions with this affiliate to establish repayment terms of these advances, however, there could be no assurance that the Company and IRG Member will come to terms acceptable to both parties. On January 13, 2020, the Company secured $9.9 million in financing from Constellation through its Efficiency Made Easy (“EME”) program to implement energy efficient measures and to finance the construction of the Constellation Center for Excellence and other enhancements, as part of Phase II development. The Hanover Insurance Company provided a guarantee bond to guarantee the Company’s payment obligations under the financing, and Stuart Lichter and two trusts affiliated with Mr. Lichter have agreed to indemnify The Hanover Insurance Company for payments made under the guarantee bond. The amounts above due to PFHOF relate to advances to and from PFHOF, including costs for onsite sponsorship activation, sponsorship sales support, shared services, event tickets, and expense reimbursements. License Agreement On March 10, 2016, the Company entered into a license agreement with PFHOF, whereby the Company has the ability to license and use certain intellectual property from PFHOF in exchange for the Company paying a fee based on certain sponsorship revenue and expenses. On December 11, 2018, the license agreement was amended to change the calculation of the fee to be 20% of eligible sponsorship revenue. The license agreement was further amended in a First Amended and Restated License Agreement, dated September 16, 2019. The license agreement expires on December 31, 2033. During the three months ended June 30, 2021 and 2020, the Company recognized expenses of $105,221 and $464,618, respectively, and for the six months ended June 30, 2021 and 2020, $210,442 and $1,466,222, respectively, which are included in property operating expenses on the Company’s unaudited condensed consolidated statements of operations. Media License Agreement On November 11, 2019, the Company entered into a Media License Agreement with PFHOF. On July 1, 2020, the Company entered into an Amended and Restated Media License Agreement that terminates on December 31, 2034. In consideration of a license to use certain intellectual property of PFHOF, the Company agreed to pay to PFHOF minimum guaranteed license fees of $1,250,000 each year during the term. After the first five years of the agreement, the minimum guarantee shall increase by 3% on a year-ove r-year basis. The first annual minimum payment is due July 1, 2021, subject to potential acceleration in the event of earlier use. As of August 12, 2021, the Company has not yet made this payment and is in the process of renegotiating this agreement. There were no license fees incurred during the three and six months ended June 30, 2021 and 2020 under the Media License Agreement. Other Liabilities Other liabilities consisted of the following at June 30, 2021 and December 31, 2020: June 30, December 31, Activation fund reserves $ 4,066,492 $ 3,780,343 Deferred revenue 1,147,337 1,709,126 Total $ 5,213,829 $ 5,489,469 Purchase of Real Property from PFHOF On February 3, 2021, the Company purchased for $1.75 million certain parcels of real property from PFHOF located at the site of the Hall of Fame Village powered by Johnson Controls. In connection with the purchase, the Company granted certain easements to PFHOF to ensure accessibility to the PFHOF museum. Shared Services Agreement with PFHOF On March 9, 2021, the Company entered into an additional Shared Services Agreement with PFHOF, which supplements the existing Shared Services Agreement by, among other things, providing for the sharing of costs for activities relating to shared services.

Concentrations

Concentrations	6 Months Ended
	Jun. 30, 2021
Risks and Uncertainties [Abstract]
Concentrations	Note 10: Concentrations For the three months ended June 30, 2021, two customers represented approximately 47% and 12% of the Company’s total revenue. For the three months ended June 30, 2020, two customers represented approximately 73% and 19% of the Company’s total revenue. For the six months ended June 30, 2021, two customers represented approximately 52% and 14% of the Company’s total revenue. For the six months ended June 30, 2020, two customers represented approximately 68% and 18% of the Company’s total revenue. At June 30, 2021, four customers represented approximately 44%, 30%, 14%, and 11% of the Company’s accounts receivable. At December 31, 2020, two customers represented approximately 71% and 15% of the Company’s accounts receivable. At any point in time, the Company can have funds in their operating accounts and restricted cash accounts that are with third party financial institutions. These balances in the U.S. may exceed the Federal Deposit Insurance Corporation insurance limits. While the Company monitors the cash balances in their operating accounts, these cash and restricted cash balances could be impacted if the underlying financial institutions fail or could be subject to other adverse conditions in the financial markets.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and Rule 10 of SEC Regulation S–X. Accordingly, they do not include all of the information and notes required by U.S. GAAP. However, in the opinion of the management of the Company, all adjustments necessary for a fair presentation of the financial position and operating results have been included in these statements. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Form 10-K/A for the year ended December 31, 2020, filed on May 12, 2021. Operating results for the three and six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for any subsequent quarters or for the year ending December 31, 2021.
Consolidation	Consolidation The unaudited condensed consolidated financial statements include the accounts and activity of the Company, and its wholly owned subsidiaries. Investments in a variable interest entity in which the Company is not the primary beneficiary, or where the Company does not own a majority interest but has the ability to exercise significant influence over operating and financial policies, are accounted for using the equity method. All intercompany profits, transactions and balances have been eliminated in consolidation. The Company owns a 60% interest in Mountaineer GM, LLC (“Mountaineer”), whose results are consolidated into the Company’s results of operations. The Company acquired 60% of the equity interests in Mountaineer for a purchase price of $100 from one of its related parties. The portion of Mountaineer’s net income (loss) that is not attributable to the Company is included in non-controlling interest.
Emerging Growth Company	Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.
Use of Estimates	Use of Estimates The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates and assumptions for the Company relate to bad debt, depreciation, costs capitalized to project development costs, useful lives of assets, stock-based compensation, fair value of financial instruments, and estimates and assumptions used to measure impairment. Management adjusts such estimates when facts and circumstances dictate. Actual results could differ from those estimates.
Warrant Liability	Warrant Liability The Company accounts for warrants for shares of the Company’s Common Stock that are not indexed to its own stock as liabilities at fair value on the balance sheet. Such warrants are subject to remeasurement at each balance sheet date and any change in fair value is recognized as a component of other expense on the statement of operations. The Company will continue to adjust the liability for changes in fair value until the earlier of the exercise or expiration of such Common Stock warrants. At that time, the portion of the warrant liability related to such Common Stock warrants will be reclassified to additional paid-in capital.
Property and Equipment and Project Development Costs	Property and Equipment and Project Development Costs Property and equipment are recorded at historical cost and are depreciated using the straight-line method over the estimated useful lives of the assets. During the construction period, the Company capitalizes all costs related to the development of the Hall of Fame Village powered by Johnson Controls. Project development costs include predevelopment costs, amortization of finance costs, real estate taxes, insurance, and other project costs incurred during the period of development. The capitalization of costs began during the preconstruction period, which the Company defines as activities that are necessary to the development of the project. The Company ceases cost capitalization when a portion of the project is held available for occupancy and placed into service. This usually occurs upon substantial completion of all costs necessary to bring a portion of the project to the condition needed for its intended use, but no later than one year from the completion of major construction activity. The Company will continue to capitalize only those costs associated with the portion still under construction. Capitalization will also cease if activities necessary for the development of the project have been suspended. As of June 30, 2021, the second two phases of the project remained subject to such capitalization. The Company reviews its property and equipment and projects under development for impairment whenever events or changes indicate that the carrying value of the long-lived assets may not be fully recoverable. In cases where the Company does not expect to recover its carrying costs, an impairment charge is recorded. The Company measures and records impairment losses on its long-lived assets when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than their carrying amount. Considerable judgment by management is necessary to estimate undiscounted future operating cash flows and fair values and, accordingly, actual results could vary significantly from such estimates.
Net Income (Loss) Per Common Share	Net Income (Loss) Per Common Share Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the periods. Diluted net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of common shares outstanding during the period. The Company’s potentially dilutive Common Stock equivalent shares, which include incremental common shares issuable upon (i) the exercise of outstanding stock options and warrants, (ii) vesting of restricted stock units and restricted stock awards, (iii) conversion of preferred stock, and (iv) the conversion of convertible notes are only included in the calculation of diluted net loss per share when their effect is dilutive. For the three months ended June 30, 2021, the Company calculated net income per share, diluted, as follows: For the Numerator for net income per share Net income attributable to common stock – basic $ 15,541,053 Reverse: change in fair value of warrant liabilities (15,025,888 ) Net income available to common stockholders – diluted $ 515,165 Denominator for net income per share Weighted average shares outstanding – basic 94,397,222 Unvested restricted stock awards 477,286 Unvested restricted stock units 3,220,972 Warrants to purchase shares of common stock, treasury method 9,257,792 Weighted average shares outstanding – diluted 107,353,272 Net income per share – basic $ 0.16 Net income per share – diluted $ 0.00 For the six months ended June 30, 2021, and for the three and six months ended June 30, 2020, the Company was in a loss position and therefore all potentially dilutive securities would be anti-dilutive and the calculations are presented on the accompanying condensed consolidated statements of operations. For the three and six months ended June 30, 2021, the following outstanding Common Stock equivalents have been excluded from the calculation of net income (loss) per share because their impact would be anti-dilutive. The Company was not a public entity as of June 30, 2020; therefore, no warrants, restricted stock awards, restricted stock units, or convertible debt were potentially dilutive securities. For the For the Warrants to purchase shares of Common Stock 27,214,854 41,112,349 Restricted stock awards to purchase shares of Common Stock - 477,286 Restricted stock units to purchase shares of Common Stock - 3,220,972 Shares of Common Stock issuable upon conversion of convertible notes 3,321,706 3,321,706 Total anti-dilutive securities 30,536,561 48,132,313
Revenue Recognition	Revenue Recognition The Company follows ASC 606, Revenue with Contracts with Customers. The Company generates revenues from various streams such as sponsorship agreements, rents, cost recoveries, events, hotel operation, Hall of Fantasy League, and through the sale of non-fungible tokens. The sponsorship arrangements, in which the customer sponsors a play area or event and receives specified brand recognition and other benefits over a set period of time, recognized revenue on a straight-line basis over the time period specified in the contract. Refer to Note 6 for more details. Revenue for rents, cost recoveries and events are recognized at the time the respective event or service has been performed. A performance obligation is a promise in a contract to transfer a distinct good or service to a customer. If the contract does not specify the revenue by performance obligation, the Company allocates the transaction price to each performance obligation based on its relative standalone selling price. Such prices are generally determined using prices charged to customers or using the Company’s expected cost plus margin. Revenue is recognized as the Company’s performance obligations are satisfied. If consideration is received in advance of the Company’s performance, including amounts which are refundable, recognition of revenue is deferred until the performance obligation is satisfied or amounts are no longer refundable. The Company’s owned hotel revenues primarily consist of hotel room sales, revenue from accommodations sold in conjunction with other services (e.g. packages reservations), food and beverage sales and other ancillary goods and services (e.g. parking) related to owned hotel properties. Revenue is recognized when rooms are occupied or goods and services have been delivered or rendered, respectively. Payment terms typically align with when the goods and services are provided. Although the transaction prices of hotel room sales, goods and other services are generally fixed and based on the respective room reservation or other agreement, an estimate to reduce the transaction price is required if a discount is expected to be provided to the customer. For package reservations, the transaction price is allocated to the performance obligations within the package based on the estimated standalone selling prices of each component.
Advertising	Advertising The Company expenses all advertising and marketing costs as they are incurred. Total advertising and marketing costs for the three months ended June 30, 2021 and 2020 were $72,016 and $49,908, respectively, and for the six months ended June 30, 2021 and 2020 were $347,874 and $267,595, respectively, which are recorded as property operating expenses on the Company’s unaudited condensed consolidated statements of operations.
Software Development Costs	Software Development Costs The Company recognizes all costs incurred to establish technological feasibility of a computer software product to be sold, leased, or otherwise marketed as research and development costs. Prior to the point of reaching technological feasibility, all costs shall be charged to expense when incurred. Once the development of the product establishes technological feasibility, the Company will begin capitalizing these costs. Management exercises its judgement in determining when technological feasibility is established based on when a product design and working model have been completed and the completeness of the working model and its consistency with the product design have been confirmed through testing.
Accounting for Real Estate Investments	Accounting for Real Estate Investments Upon the acquisition of real estate properties, a determination is made as to whether the acquisition meets the criteria to be accounted for as an asset or business combination. The determination is primarily based on whether the assets acquired, and liabilities assumed meet the definition of a business. The determination of whether the assets acquired, and liabilities assumed meet the definition of a business include a single or similar asset threshold. In applying the single or similar asset threshold, if substantially all the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets, the assets acquired, and liabilities assumed are not considered a business. Most of the Company’s acquisitions meet the single or similar asset threshold, due to the fact that substantially all the fair value of the gross assets acquired is attributable to the real estate acquired. Acquired real estate properties accounted for as asset acquisitions are recorded at cost, including acquisition and closing costs. The Company allocates the cost of real estate properties to the tangible and intangible assets and liabilities acquired based on their estimated relative fair values. The Company determines the fair value of tangible assets, such as land, building, furniture, fixtures and equipment, using a combination of internal valuation techniques that consider comparable market transactions, replacement costs and other available information and fair value estimates provided by third party valuation specialists, depending upon the circumstances of the acquisition. The Company determines the fair value of identified intangible assets or liabilities, which typically relate to in-place leases, using a combination of internal valuation techniques that consider the terms of the in-place leases, current market data for comparable leases, and fair value estimates provided by third party valuation specialists, depending upon the circumstances of the acquisition. If a transaction is determined to be a business combination, the assets acquired, liabilities assumed, and any identified intangibles are recorded at their estimated fair values on the transaction date, and transaction costs are expensed in the period incurred.
Fair Value Measurement	Fair Value Measurement The Company follows Accounting Standards Codification (“ASC”) 820–10 “Fair Value Measurement” of the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification to measure the fair value of its financial instruments and disclosures about fair value of its financial instruments. ASC 820–10 establishes a framework for measuring fair value and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, ASC 820–10 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The three (3) levels of fair value hierarchy defined by ASC 820–10 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. Financial assets or liabilities are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts of the Company’s financial assets and liabilities, such as cash, prepaid expenses and other current assets, accounts payable and accrued expenses approximate their fair values due to the short-term nature of these instruments. The Company uses Levels 1 and 3 of the fair value hierarchy to measure the fair value of its warrant liabilities. The Company revalues such liabilities at every reporting period and recognizes gains or losses as change in fair value of warrant liabilities in the unaudited condensed consolidated statements of operations that are attributable to the change in the fair value of the warrant liabilities. The following table provides the financial liabilities measured on a recurring basis and reported at fair value on the balance sheet as of June 30, 2021 and December 31, 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: Level June 30, December 31, Warrant liabilities – Public Warrants 1 $ 15,920,000 $ 4,130,000 Warrant liabilities – Private Warrants 3 1,550,000 420,000 Warrant liabilities – November Warrants 3 10,629,000 9,781,000 Warrant liabilities – December Warrants 3 27,706,000 4,781,000 Fair value of aggregate warrant liabilities as of June 30, 2021 $ 55,805,000 $ 19,112,000 The Public Warrants are classified as Level 1 due to the use of an observable market quote in the active market. Level 3 financial liabilities consist of the Private Warrants, November Warrants, and December Warrants, for which there is no current market for these securities and the determination of fair value requires significant judgment or estimation. Changes in fair value measurement categorized within Level 3 of the fair value hierarchy are analyzed each period based on changes in estimates or assumptions and recorded as appropriate. Subsequent measurement The following table presents the changes in fair value of the warrant liabilities: Public Warrants Private Warrants November Warrants December Warrants Total Warrant Liability Fair value as of January 1, 2021 $ 4,130,000 $ 420,000 $ 9,781,000 $ 4,781,000 $ 19,112,000 Settlement of warrants exercised - - (53,342,112 ) - (53,342,112 ) Change in fair value, exercised - - 45,400,119 - 45,400,119 Change in fair value, outstanding 11,790,000 1,130,000 8,789,993 22,925,000 44,634,993 Fair value as of June 30, 2021 $ 15,920,000 $ 1,550,000 $ 10,629,000 $ 27,706,000 $ 55,805,000 The key inputs into the Black Scholes valuation model for the Level 3 valuations as of June 30, 2021 and December 31, 2020 are below: June 30, 2021 December 31, 2020 Private Warrants November Warrants December Warrants Private Warrants November Warrants December Warrants Term (years) 4.0 4.4 4.5 4.5 4.9 5.0 Stock price $ 3.93 $ 3.93 $ 3.93 $ 1.23 $ 1.23 $ 1.23 Exercise price $ 11.50 $ 1.40 $ 1.40 $ 11.50 $ 1.40 $ 1.40 Dividend yield 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % Expected volatility 49.5 % 49.5 % 49.5 % 70.7 % 49.5 % 49.5 % Risk free interest rate 0.9 % 0.9 % 0.9 % 0.3 % 0.3 % 0.3 % Number of shares 2,103,573 3,860,570 10,036,925 1,480,000 20,535,713 10,036,925 Value (per share) $ 0.74 $ 2.75 $ 2.76 $ 0.28 $ 0.48 $ 0.48
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, FASB issued Accounting Standards Update (“ASU”) No. 2016-02, Leases Classification for both lessees and lessors is based on an assessment of whether risks and rewards as well as substantive control have been transferred through a lease contract. ASU 2016-02 also requires qualitative and quantitative disclosures to assess the amount, timing and uncertainty of cash flows arising from leases. The Company is currently evaluating the impact of the pending adoption of this new standard on its condensed consolidated financial statements. In March 2019, the FASB issued ASU 2019-01, “ Leases (Topic 842): Codification Improvements Financial Instruments – Credit Losses (Topic 326): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases
Subsequent Events	Subsequent Events Subsequent events have been evaluated through August 12, 2021, the date the condensed consolidated financial statements were issued. Except for as disclosed in Note 4, no events have been identified requiring disclosure or recording.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Schedule of calculated net income per share, basic and diluted	For the Numerator for net income per share Net income attributable to common stock – basic $ 15,541,053 Reverse: change in fair value of warrant liabilities (15,025,888 ) Net income available to common stockholders – diluted $ 515,165 Denominator for net income per share Weighted average shares outstanding – basic 94,397,222 Unvested restricted stock awards 477,286 Unvested restricted stock units 3,220,972 Warrants to purchase shares of common stock, treasury method 9,257,792 Weighted average shares outstanding – diluted 107,353,272 Net income per share – basic $ 0.16 Net income per share – diluted $ 0.00
Schedule of outstanding Common Stock equivalents have been excluded from the calculation of net income (loss) per share	For the For the Warrants to purchase shares of Common Stock 27,214,854 41,112,349 Restricted stock awards to purchase shares of Common Stock - 477,286 Restricted stock units to purchase shares of Common Stock - 3,220,972 Shares of Common Stock issuable upon conversion of convertible notes 3,321,706 3,321,706 Total anti-dilutive securities 30,536,561 48,132,313
Schedule of financial liabilities measured on a recurring basis and reported at fair value	Level June 30, December 31, Warrant liabilities – Public Warrants 1 $ 15,920,000 $ 4,130,000 Warrant liabilities – Private Warrants 3 1,550,000 420,000 Warrant liabilities – November Warrants 3 10,629,000 9,781,000 Warrant liabilities – December Warrants 3 27,706,000 4,781,000 Fair value of aggregate warrant liabilities as of June 30, 2021 $ 55,805,000 $ 19,112,000
Schedule of changes in the fair value of warrant liabilities	Public Warrants Private Warrants November Warrants December Warrants Total Warrant Liability Fair value as of January 1, 2021 $ 4,130,000 $ 420,000 $ 9,781,000 $ 4,781,000 $ 19,112,000 Settlement of warrants exercised - - (53,342,112 ) - (53,342,112 ) Change in fair value, exercised - - 45,400,119 - 45,400,119 Change in fair value, outstanding 11,790,000 1,130,000 8,789,993 22,925,000 44,634,993 Fair value as of June 30, 2021 $ 15,920,000 $ 1,550,000 $ 10,629,000 $ 27,706,000 $ 55,805,000
Schedule of valuation model for the level 3 valuations	June 30, 2021 December 31, 2020 Private Warrants November Warrants December Warrants Private Warrants November Warrants December Warrants Term (years) 4.0 4.4 4.5 4.5 4.9 5.0 Stock price $ 3.93 $ 3.93 $ 3.93 $ 1.23 $ 1.23 $ 1.23 Exercise price $ 11.50 $ 1.40 $ 1.40 $ 11.50 $ 1.40 $ 1.40 Dividend yield 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % Expected volatility 49.5 % 49.5 % 49.5 % 70.7 % 49.5 % 49.5 % Risk free interest rate 0.9 % 0.9 % 0.9 % 0.3 % 0.3 % 0.3 % Number of shares 2,103,573 3,860,570 10,036,925 1,480,000 20,535,713 10,036,925 Value (per share) $ 0.74 $ 2.75 $ 2.76 $ 0.28 $ 0.48 $ 0.48

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Useful Life June 30, December 31, Land $ 2,300,564 $ 535,954 Land improvements 25 years 31,078,211 31,078,211 Building and improvements 15 to 39 years 157,913,580 158,020,145 Equipment 5 to 10 years 2,196,680 2,165,882 Property and equipment, gross 193,489,035 191,800,192 Less: accumulated depreciation (43,337,496 ) (37,444,429 ) Property and equipment, net $ 150,151,539 $ 154,355,763 Project development costs $ 126,595,920 $ 107,969,139

Notes Payable, net (Tables)

Notes Payable, net (Tables)	6 Months Ended
	Jun. 30, 2021
Notes Payable Net [Abstract]
Schedule of notes payable, net	Gross Discount Net Interest Rate Maturity Date TIF loan $ 9,554,000 $ (1,639,373 ) $ 7,914,627 5.20 % 7/31/2048 Preferred equity loan 2,700,000 - 2,700,000 7.00 % 10/9/2025 City of Canton Loan 3,500,000 (7,100 ) 3,492,900 5.00 % 7/1/2027 New Market/SCF 2,999,989 - 2,999,989 4.00 % 12/30/2024 Constellation EME 7,723,333 - 7,723,333 6.05 % 12/31/2022 JKP Capital loan 6,953,831 (9,260 ) 6,944,571 12.00 % 12/2/2021 MKG DoubleTree Loan 15,300,000 (264,849 ) 15,035,151 5.00 % 3/31/2022 Convertible PIPE Notes, plus PIK accrual 22,919,773 (12,571,254 ) 10,348,519 10.00 % 3/31/2025 Canton Cooperative Agreement 2,670,000 (178,041 ) 2,491,959 3.85 % 5/15/2040 Aquarian Mortgage Loan 40,000,000 (1,004,569 ) 38,995,431 10.00 % 11/30/2021 Constellation EME #2 4,888,279 - 4,888,279 5.93 % 4/30/2026 Total $ 119,209,205 $ (15,674,446 ) $ 103,534,759 Gross Discount Net TIF loan $ 9,654,000 $ (1,666,725 ) $ 7,987,275 Syndicated unsecured term loan 170,090 - 170,090 Preferred equity loan 1,800,000 - 1,800,000 Naming rights securitization loan 1,821,559 (113,762 ) 1,707,797 City of Canton Loan 3,500,000 (7,681 ) 3,492,319 New Market/SCF 2,999,989 - 2,999,989 Constellation EME 9,900,000 - 9,900,000 Paycheck protection plan loan 390,400 - 390,400 JKP Capital loan 6,953,831 (13,887 ) 6,939,944 MKG DoubleTree Loan 15,300,000 (443,435 ) 14,856,565 Convertible PIPE Notes, plus PIK accrual 21,797,670 (13,475,202 ) 8,322,468 Canton Cooperative Agreement 2,670,000 (181,177 ) 2,488,823 Aquarian Mortgage Loan 40,000,000 (2,156,303 ) 37,843,697 Total $ 116,957,539 $ (18,058,172 ) $ 98,899,367
Schedule of accrued interest on notes payable	June 30, December 31, TIF loan $ 11,154 $ - Preferred equity loan 193,919 27,125 New Market/SCF 44,472 - Constellation EME - 248,832 Paycheck protection plan loan - 2,706 City of Canton Loan 1,507 4,472 JKP Capital Note 834,166 416,836 MKG Doubletree loan - 67,716 Canton Cooperative Agreement 36,078 20,593 Aquarian Mortgage Loan - 333,333 Total $ 1,121,296 $ 1,121,613
Schedule of accounts payable and accrued expenses and other liabilities	June 30, December 31, Accounts payable and accrued expenses $ 927,377 $ 1,094,488 Other liabilities 193,919 27,125 $ 1,121,296 $ 1,121,613
Schedule of principal payments on notes payable outstanding	For the years ending December 31, Amount 2021 (six months) $ 49,985,458 2022 21,810,248 2023 1,448,706 2024 4,596,930 2025 27,256,596 Thereafter 14,111,267 Total Gross Principal Payments $ 119,209,205 Less: Discount (15,674,446 ) Total Net Principal Payments $ 103,534,759

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Schedule of restricted common stock	Number of Weighted Non–vested at January 1, 2021 477,286 $ 9.30 Granted 24,028 $ 4.93 Vested (24,028 ) $ 4.93 Non–vested at June 30, 2021 477,286 $ 9.30
Schedule of restricted stock units	Number of Weighted average Non–vested at January 1, 2021 1,499,933 $ 2.49 Granted 1,734,197 $ 2.00 Vested - Forfeited (13,158 ) 1.98 Non–vested at June 30, 2021 3,220,972 $ 2.24
Schedule of warrant activity	Number of Shares Weighted Average Exercise Price (USD) Weighted Average Contractual Life (years) Intrinsic Value (USD) Outstanding - January 1, 2021 55,303,832 $ 5.92 4.73 Granted 2,483,660 $ 6.90 Exercised (16,675,143 ) $ 1.40 Outstanding – June 30, 2021 41,112,349 $ 7.81 4.09 $ 35,160,662 Exercisable – June 30, 2021 38,628,689 $ 7.87 4.17 $ 35,160,662

Sponsorship Revenue and Assoc_2

Sponsorship Revenue and Associated Commitments (Tables)	6 Months Ended
	Jun. 30, 2021
Sponsorship Revenue And Associated Commitments Disclosure [Abstract]
Schedule of future cash to be received and required activation spend under the non-cancellable period of the agreement	Unrestricted Activation Total 2021 (six months) $ 2,947,917 $ 500,000 $ 3,447,917 Total $ 2,947,917 $ 500,000 $ 3,447,917
Schedule of future cash to be received under the agreement	2021 (six months) $ - 2022 150,000 2023 150,000 2024 150,000 2025 150,000 Thereafter 150,000 Total $ 750,000
Schedule of future cash to be received and required activation spend under the agreement	Unrestricted Activation Total 2021 (six months) $ - $ - $ - 2022 1,396,000 200,000 1,596,000 2023 1,423,220 200,000 1,623,220 2024 1,257,265 166,000 1,423,265 2025 1,257,265 166,000 1,423,265 Thereafter 5,029,057 664,000 5,693,057 Total $ 10,362,807 $ 1,396,000 $ 11,758,807

Other Commitments (Tables)

Other Commitments (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum lease commitments under non-cancellable operating leases	2021 (six months) $ 165,950 2022 321,900 2023 321,900 2024 321,900 2025 321,900 Thereafter 41,320,800 Total $ 42,774,350

Related-Party Transactions (Tab

Related-Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Schedule of due to affiliates	June 30, December 31, Due to IRG Member $ 1,293,146 $ 1,456,521 Due to IRG Affiliate 316,900 140,180 Due to PFHOF 291,946 126,855 Total $ 1,901,992 $ 1,723,556
Schedule of other liabilities	June 30, December 31, Activation fund reserves $ 4,066,492 $ 3,780,343 Deferred revenue 1,147,337 1,709,126 Total $ 5,213,829 $ 5,489,469

Organization and Nature of Bu_2

Organization and Nature of Business (Details) - USD ($)	Jun. 04, 2021	Feb. 28, 2021	Jun. 30, 2021	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Organization and Nature of Business (Details) [Line Items]
Agreement rights , description				The Company has entered into several agreements with PFHOF, an affiliate of HOFRE, and certain government entities, which outline the rights and obligations of each of the parties with regard to the property on which the Hall of Fame Village powered by Johnson Controls sits, portions of which are owned by the Company and portions of which are net leased to the Company by the government entities (see Note 7 for additional information).
Cash and cash equivalents			$ 61,908,208	$ 61,908,208	$ 7,145,661	$ 2,149,500
Restricted cash			$ 11,759,884	$ 11,759,884	$ 32,907,800	$ 11,460,679
Common stock, par value per share (in Dollars per share)			$ 0.0001	$ 0.0001	$ 0.0001
Gross proceeds from issuance of shares of common stock			$ 15,200,000
CH Capital Lending, LLC [Member]
Organization and Nature of Business (Details) [Line Items]
Common stock, par value per share (in Dollars per share)	$ 0.0001
IRG, LLC [Member]
Organization and Nature of Business (Details) [Line Items]
Purchase price	$ 15,000,000
Gross proceeds from issuance of shares of common stock		$ 34,500,000
Liquidity [Member]
Organization and Nature of Business (Details) [Line Items]
Cash and cash equivalents			62,000,000	$ 62,000,000
Restricted cash			$ 12,000,000	$ 12,000,000

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Summary of Significant Accounting Policies (Details) [Line Items]
Advertising and marketing costs	$ 72,016	$ 49,908
Property operating expenses			$ 347,874	$ 267,595
Mountaineer GM, LLC [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Ownership percentage	60.00%		60.00%
Purchase price			$ 100
Business Combination [Member] | Mountaineer GM, LLC [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Acquired equity interest percentage	60.00%		60.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of calculated net income per share, basic and diluted - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Numerator for net income per share
Net income attributable to common stock – basic (in Dollars)	$ 15,541,053
Reverse: change in fair value of warrant liabilities (in Dollars)	(15,025,888)
Net income available to common stockholders – diluted (in Dollars)	$ 515,165
Denominator for net income per share
Weighted average shares outstanding – basic	94,397,222	5,436,000	84,978,294	5,436,000
Unvested restricted stock awards	477,286
Unvested restricted stock units	3,220,972
Warrants to purchase shares of common stock, treasury method	9,257,792		9,257,792
Weighted average shares outstanding – diluted	107,353,272	5,436,000	84,978,294	5,436,000
Net income per share – basic (in Dollars per share)	$ 0.16
Net income per share – diluted (in Dollars per share)	$ 0

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of outstanding Common Stock equivalents have been excluded from the calculation of net income (loss) per share - shares	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities	30,536,561	48,132,313
Warrants to purchase shares of Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities	27,214,854	41,112,349
Restricted stock awards to purchase shares of Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities		477,286
Restricted stock units to purchase shares of Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities		3,220,972
Shares issuable upon conversion of convertible notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities	3,321,706	3,321,706

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of financial liabilities measured on a recurring basis and reported at fair value - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of aggregate warrant liabilities as of June 30, 2021	$ 55,805,000	$ 19,112,000
Warrant liabilities – Public Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities	15,920,000	4,130,000
Warrant liabilities – Private Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities	1,550,000	420,000
Warrant liabilities – November Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities	10,629,000	9,781,000
Warrant liabilities – December Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities	$ 27,706,000	$ 4,781,000

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details) - Schedule of changes in the fair value of warrant liabilities	6 Months Ended
	Jun. 30, 2021USD ($)
Summary of Significant Accounting Policies (Details) - Schedule of changes in the fair value of warrant liabilities [Line Items]
Fair value as of January 1, 2021	$ 19,112,000
Settlement of warrants exercised	(53,342,112)
Change in fair value, exercised	45,400,119
Change in fair value, outstanding	44,634,993
Fair value as of June 30, 2021	55,805,000
Public Warrants [Member]
Summary of Significant Accounting Policies (Details) - Schedule of changes in the fair value of warrant liabilities [Line Items]
Fair value as of January 1, 2021	4,130,000
Settlement of warrants exercised
Change in fair value, exercised
Change in fair value, outstanding	11,790,000
Fair value as of June 30, 2021	15,920,000
Private Warrants [Member]
Summary of Significant Accounting Policies (Details) - Schedule of changes in the fair value of warrant liabilities [Line Items]
Fair value as of January 1, 2021	420,000
Settlement of warrants exercised
Change in fair value, exercised
Change in fair value, outstanding	1,130,000
Fair value as of June 30, 2021	1,550,000
November Warrants [Member]
Summary of Significant Accounting Policies (Details) - Schedule of changes in the fair value of warrant liabilities [Line Items]
Fair value as of January 1, 2021	9,781,000
Settlement of warrants exercised	(53,342,112)
Change in fair value, exercised	45,400,119
Change in fair value, outstanding	8,789,993
Fair value as of June 30, 2021	10,629,000
December Warrants [Member]
Summary of Significant Accounting Policies (Details) - Schedule of changes in the fair value of warrant liabilities [Line Items]
Fair value as of January 1, 2021	4,781,000
Settlement of warrants exercised
Change in fair value, exercised
Change in fair value, outstanding	22,925,000
Fair value as of June 30, 2021	$ 27,706,000

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Details) - Schedule of valuation model for the level 3 valuations - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Private Warrants [Member]
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Term (years)	4 years	4 years 6 months
Stock price	$ 3.93	$ 1.23
Exercise price	$ 11.50	$ 11.50
Dividend yield	0.00%	0.00%
Expected volatility	49.50%	70.70%
Risk free interest rate	0.90%	0.30%
Number of shares	2,103,573	1,480,000
Value (per share)	$ 0.74	$ 0.28
November Warrants [Member]
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Term (years)	4 years 4 months 24 days	4 years 10 months 24 days
Stock price	$ 3.93	$ 1.23
Exercise price	$ 1.40	$ 1.40
Dividend yield	0.00%	0.00%
Expected volatility	49.50%	49.50%
Risk free interest rate	0.90%	0.30%
Number of shares	3,860,570	20,535,713
Value (per share)	$ 2.75	$ 0.48
December Warrants [Member]
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Term (years)	4 years 6 months	5 years
Stock price	$ 3.93	$ 1.23
Exercise price	$ 1.40	$ 1.40
Dividend yield	0.00%	0.00%
Expected volatility	49.50%	49.50%
Risk free interest rate	0.90%	0.30%
Number of shares	10,036,925	10,036,925
Value (per share)	$ 2.76	$ 0.48

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 2,972,130	$ 2,721,303	$ 5,893,067	$ 5,445,423
Capitalized project development costs			$ 18,626,781	$ 16,873,351

Property and Equipment (Detai_2

Property and Equipment (Details) - Schedule of property and equipment - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 193,489,035	$ 191,800,192
Less: accumulated depreciation	(43,337,496)	(37,444,429)
Property and equipment, net	150,151,539	154,355,763
Project development costs	126,595,920	107,969,139
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,300,564	535,954
Land improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful Life	25 years
Property and equipment, gross	$ 31,078,211	31,078,211
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	157,913,580	158,020,145
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,196,680	$ 2,165,882
Minimum [Member] | Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful Life	15 years
Minimum [Member] | Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful Life	5 years
Maximum [Member] | Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful Life	39 years
Maximum [Member] | Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful Life	10 years

Notes Payable, net (Details)

Notes Payable, net (Details) - USD ($)	Aug. 12, 2021	Apr. 02, 2021	Jul. 01, 2020	Apr. 22, 2021	Feb. 01, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Apr. 22, 2020
Notes Payable, net (Details) [Line Items]
Amortization of note discounts						$ 1,164,613	$ 3,443,333	$ 2,398,727	$ 6,677,746
Paid-in-kind interest						$ 741,243	$ 1,646,811	$ 952,012	2,199,714
Preferred Stock dividend rate								7.00%
Note purchase agreement, description			the closing of the Business Combination, the Company entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with certain funds managed by Magnetar Financial, LLC and other purchasers (together, the “Purchasers”), pursuant to which the Company agreed to issue and sell to the Purchasers in a private placement (the “Private Placement”) $20,721,293 in aggregate principal amount of the Company’s 8.00% Convertible Notes due 2025 (the “PIPE Notes”). Interest on PIPE Notes is payable quarterly in either cash or an increase in the principal amount of PIPE Notes (“PIK Interest”). If the Company pays interest as PIK Interest, the interest rate for such payment is 10%, rather than 8%. Pursuant to the terms of the Note Purchase Agreement, the PIPE Notes may be converted into shares of Common Stock at a conversion price equal to $6.90 per share. There are also Note Redemption Warrants that may be issued pursuant to the Note Purchase Agreement upon redemption of the PIPE Notes that will be exercisable for a number of shares of Common Stock to be determined at the time any such warrant is issued. The exercise price per share of Common Stock of any warrant will be set at the time such warrant is issued pursuant to the Note Purchase Agreement.
Convertible Notes Payable [Member]
Notes Payable, net (Details) [Line Items]
Paid-in-kind interest								$ 952,012	$ 2,199,714
Paycheck Protection Program Loan [Member]
Notes Payable, net (Details) [Line Items]
PPP Loan amount											$ 390,400
Notes payable, description				The PPP Loan had a fixed interest rate of 1%, and required the Company to make 18 monthly payments beginning on November 22, 2020, with a maturity date of April 22, 2022, subject to debt forgiveness provisions from the Small Business Association.
Constellation EME #2 [Member]
Notes Payable, net (Details) [Line Items]
Mortgage loan					$ 5,100,000
Description of notes payable					The maturity date is April 30, 2026 and payments are due in 60 monthly installments totaling $6,185,716, with an effective interest rate of 8.7%.
Series A Cumulative Redeemable Preferred Stock [Member]
Notes Payable, net (Details) [Line Items]
Preferred Stock dividend rate		7.00%
Amount of preferred stock shares issued		$ 900,000
Series A Cumulative Redeemable Preferred Stock [Member] | Subsequent Event [Member]
Notes Payable, net (Details) [Line Items]
Amount of preferred stock shares issued	$ 900,000
Preferred stock shares issued (in Shares)	900
Aggregate purchase price	$ 1,000
Series A Preferred Stock [Member]
Notes Payable, net (Details) [Line Items]
Preferred stock outstanding (in Shares)										1,800
Preferred stock authorized (in Shares)										52,800
Preferred stock redeemable term								This preferred stock is required to be redeemed in cash after five years from the date of issuance and is recorded in notes payable, net on the Company’s unaudited condensed consolidated balance sheet.

Notes Payable, net (Details) -

Notes Payable, net (Details) - Schedule of notes payable, net - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	$ 119,209,205	$ 116,957,539
Discount	(15,674,446)	(18,058,172)
Net	103,534,759	98,899,367
TIF loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	9,554,000	9,654,000
Discount	(1,639,373)	(1,666,725)
Net	$ 7,914,627	7,987,275
Interest Rate	5.20%
Maturity Date	Jul. 31, 2048
Preferred equity loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	$ 2,700,000	1,800,000
Discount
Net	$ 2,700,000	1,800,000
Interest Rate	7.00%
Maturity Date	Oct. 9, 2025
City of Canton Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	$ 3,500,000	3,500,000
Discount	(7,100)	(7,681)
Net	$ 3,492,900	3,492,319
Interest Rate	5.00%
Maturity Date	Jul. 1, 2027
New Market/SCF [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	$ 2,999,989	2,999,989
Discount
Net	$ 2,999,989	2,999,989
Interest Rate	4.00%
Maturity Date	Dec. 30, 2024
Constellation EME [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	$ 7,723,333	9,900,000
Discount
Net	$ 7,723,333	9,900,000
Interest Rate	6.05%
Maturity Date	Dec. 31, 2022
JKP Capital loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	$ 6,953,831	6,953,831
Discount	(9,260)	(13,887)
Net	$ 6,944,571	6,939,944
Interest Rate	12.00%
Maturity Date	Dec. 2, 2021
MKG DoubleTree Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	$ 15,300,000	15,300,000
Discount	(264,849)	(443,435)
Net	$ 15,035,151	14,856,565
Interest Rate	5.00%
Maturity Date	Mar. 31, 2022
Convertible PIPE Notes, plus PIK accrual [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	$ 22,919,773	21,797,670
Discount	(12,571,254)	(13,475,202)
Net	$ 10,348,519	8,322,468
Interest Rate	10.00%
Maturity Date	Mar. 31, 2025
Canton Cooperative Agreement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	$ 2,670,000	2,670,000
Discount	(178,041)	(181,177)
Net	$ 2,491,959	2,488,823
Interest Rate	3.85%
Maturity Date	May 15, 2040
Aquarian Mortgage Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	$ 40,000,000	40,000,000
Discount	(1,004,569)	(2,156,303)
Net	$ 38,995,431	37,843,697
Interest Rate	10.00%
Maturity Date	Nov. 30, 2021
Constellation EME #2 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross	$ 4,888,279
Discount
Net	$ 4,888,279
Interest Rate	5.93%
Maturity Date	Apr. 30, 2026
Syndicated unsecured term loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross		170,090
Discount
Net		170,090
Naming rights securitization loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross		1,821,559
Discount		(113,762)
Net		1,707,797
Paycheck protection plan loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross		390,400
Discount
Net		$ 390,400

Notes Payable, net (Details) _2

Notes Payable, net (Details) - Schedule of accrued interest on notes payable - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Notes Payable, net (Details) - Schedule of accrued interest on notes payable [Line Items]
Total	$ 1,121,296	$ 1,121,613
TIF loan [Member]
Notes Payable, net (Details) - Schedule of accrued interest on notes payable [Line Items]
Total	11,154
Preferred equity loan [Member]
Notes Payable, net (Details) - Schedule of accrued interest on notes payable [Line Items]
Total	193,919	27,125
New Market/SCF [Member]
Notes Payable, net (Details) - Schedule of accrued interest on notes payable [Line Items]
Total	44,472
Constellation EME [Member]
Notes Payable, net (Details) - Schedule of accrued interest on notes payable [Line Items]
Total		248,832
Paycheck protection plan loan [Member]
Notes Payable, net (Details) - Schedule of accrued interest on notes payable [Line Items]
Total		2,706
City of Canton Loan [Member]
Notes Payable, net (Details) - Schedule of accrued interest on notes payable [Line Items]
Total	1,507	4,472
JKP Capital Note [Member]
Notes Payable, net (Details) - Schedule of accrued interest on notes payable [Line Items]
Total	834,166	416,836
MKG Doubletree loan [Member]
Notes Payable, net (Details) - Schedule of accrued interest on notes payable [Line Items]
Total		67,716
Canton Cooperative Agreement [Member]
Notes Payable, net (Details) - Schedule of accrued interest on notes payable [Line Items]
Total	36,078	20,593
Aquarian Mortgage Loan [Member]
Notes Payable, net (Details) - Schedule of accrued interest on notes payable [Line Items]
Total		$ 333,333

Notes Payable, net (Details) _3

Notes Payable, net (Details) - Schedule of accounts payable and accrued expenses and other liabilities - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Schedule of accounts payable and accrued expenses and other liabilities [Abstract]
Accounts payable and accrued expenses	$ 927,377	$ 1,094,488
Other liabilities	193,919	27,125
Accounts payable and accrued expenses and other liabilities	$ 1,121,296	$ 1,121,613

Notes Payable, net (Details) _4

Notes Payable, net (Details) - Schedule of principal payments on notes payable outstanding	Jun. 30, 2021USD ($)
Schedule of principal payments on notes payable outstanding [Abstract]
2021 (six months)	$ 49,985,458
2022	21,810,248
2023	1,448,706
2024	4,596,930
2025	27,256,596
Thereafter	14,111,267
Total Gross Principal Payments	119,209,205
Less: Discount	(15,674,446)
Total Net Principal Payments	$ 103,534,759

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)

Nov. 03, 2020

Oct. 08, 2020

Jul. 01, 2020

Feb. 18, 2021

Jan. 28, 2021

Jun. 30, 2021

Jun. 30, 2020

Jun. 30, 2021

Jun. 30, 2020

Jul. 02, 2021

May 13, 2021

Mar. 31, 2021

Feb. 12, 2021

Dec. 31, 2020

Stockholders' Equity (Details) [Line Items]

Increase of authorized shares, description

the Company’s stockholders approved an amendment to the Company’s charter to increase the authorized shares of Common Stock from 100,000,000 to 300,000,000. Consequently, the Company’s charter allows the Company to issue up to 300,000,000 shares of Common Stock and to issue and designate its rights of, without stockholder approval, up to 5,000,000 shares of preferred stock, par value $0.0001.

Preferred stock, shares authorized

4,932,200

4,932,200

4,932,200

Preferred stock, shares outstanding

Common stock, par value

$ 0.0001

$ 0.0001

$ 0.0001

Warrants exercised

16,675,143

Exercise price

$ 1.40

$ 1.40

Cash proceeds from warrants exercises

$ 23,346,870

Proceeds from warrant liability

$ 53,342,112

Shares issued

94,872,068

94,872,068

64,091,266

Gross proceeds

$ 34,500,000

Preferred stock and warrants to purchase common stock, description

the Company and IRG, LLC, as assigned by IRG, LLC to CH Capital Lending, LLC, and the binding term sheet dated January 28, 2021, the Company issued and sold to CH Capital Lending, LLC for a purchase price of $15 million in a private placement (the “New Private Placement”) (i) 15,000 shares of Series B Preferred Stock, which are convertible into shares of Common Stock, having an aggregate liquidation preference of $15 million plus any accrued but unpaid dividends to the date of payment, and (ii) 2,450,980 Series D Warrants, with a term of three years, exercisable six months after issuance, each exercisable for one share of Common Stock at an exercise price of $6.90 per share, subject to certain adjustments. Also on June 4, 2021, the Company closed a securities purchase agreement with another purchaser for 200 shares of Series B Preferred Stock and 32,680 Series D Warrants.

Restricted Common Stock [Member]

Stockholders' Equity (Details) [Line Items]

Stock–based compensation expense

$ 673,005

$ 0

1,227,551

0

Share-based Payment Arrangement, Option [Member]

Stockholders' Equity (Details) [Line Items]

Related to restricted share arrangements

$ 2,218,187

Weighted average period

1 year

Restricted Stock Units [Member]

Stockholders' Equity (Details) [Line Items]

Stock–based compensation expense

$ 947,144

$ 0

$ 1,779,141

$ 0

Related to restricted share arrangements

$ 4,880,493

Weighted average period

1 year 10 months 24 days

Employees and Directors [Member] | Restricted Stock Units [Member]

Stockholders' Equity (Details) [Line Items]

Restricted stock shares

1,734,197

Series A Preferred Stock [Member]

Stockholders' Equity (Details) [Line Items]

Relative rights, percentage

7.00%

Series B Preferred Stock [Member]

Stockholders' Equity (Details) [Line Items]

Preferred stock, shares authorized

15,200

7% Series B Convertible Preferred Stock [Member]

Stockholders' Equity (Details) [Line Items]

Preferred stock, shares authorized

15,200

15,200

0

Preferred stock, shares outstanding

15,200

15,200

0

Convertible preferred stock, percentage

7.00%

Minimum [Member] | Restricted Stock Units [Member]

Stockholders' Equity (Details) [Line Items]

Issuance of restricted stock units per share

$ 1.98

$ 1.98

Maximum [Member] | Restricted Stock Units [Member]

Stockholders' Equity (Details) [Line Items]

Issuance of restricted stock units per share

$ 5.29

$ 5.29

2020 Omnibus Incentive Plan [Member]

Stockholders' Equity (Details) [Line Items]

Common stock authorized for issuance shares

1,812,727

Common stock, par value

$ 0.0001

Shares issued

5,812,727

Shares remained available for issuance

2,323,237

February 2021 Public Offering and Over-allotment [Member]

Stockholders' Equity (Details) [Line Items]

Shares issued

12,244,897

Price per share

$ 2.45

$ 2.45

Additional shares of common stock

1,836,734

Outstanding Common Stock, percentage

5.00%

Authorized Capital [Member] | Series A Preferred Stock [Member]

Stockholders' Equity (Details) [Line Items]

Preferred stock, shares authorized

52,800

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Schedule of restricted common stock - Restricted Common Stock [Member]	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Stockholders' Equity (Details) - Schedule of restricted common stock [Line Items]
Number of shares, Non-vested, Beginning balance | shares	477,286
Weighted average grant date fair value, Non-vested, Beginning balance | $ / shares	$ 9.30
Number of shares, Granted | shares	24,028
Weighted average grant date fair value, Granted | $ / shares	$ 4.93
Number of shares, Vested | shares	(24,028)
Weighted average grant date fair value, Vested | $ / shares	$ 4.93
Number of shares, Non-vested, Ending balance | shares	477,286
Weighted average grant date fair value, Non-vested, Ending balance | $ / shares	$ 9.30

Stockholders' Equity (Details_2

Stockholders' Equity (Details) - Schedule of restricted stock units - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Stockholders' Equity (Details) - Schedule of restricted stock units [Line Items]
Number of shares, Non-vested, Beginning balance	1,499,933
Weighted average grant date fair value, Non-vested, Beginning balance (in Dollars per share) | $ / shares	$ 2.49
Number of shares, Granted	1,734,197
Weighted average grant date fair value, Granted (in Dollars per share) | $ / shares	$ 2
Number of shares, Vested
Number of shares, Forfeited	(13,158)
Weighted average grant date fair value, Forfeited (in Dollars per share) | $ / shares	$ 1.98
Number of shares, Non-vested, Ending balance	3,220,972
Weighted average grant date fair value, Non-vested, Ending balance (in Dollars per share) | $ / shares	$ 2.24

Stockholders' Equity (Details_3

Stockholders' Equity (Details) - Schedule of warrant activity - Warrant Activity [Member]	6 Months Ended
	Jun. 30, 2021USD ($)$ / sharesshares
Class of Warrant or Right [Line Items]
Number of shares Outstanding, Beginning balance | shares	55,303,832
Weighted Average Exercise Price, Beginning balance | $ / shares	$ 5.92
Weighted Average Contractual Life (years), Beginning balance	4 years 8 months 23 days
Number of shares Outstanding, Granted | shares	2,483,660
Weighted Average Exercise Price, Granted | $ / shares	$ 6.90
Number of Shares, Exercised | shares	(16,675,143)
Weighted Average Exercise Price, Exercised | $ / shares	$ 1.40
Number of shares Outstanding, Ending balance | shares	41,112,349
Weighted Average Exercise Price, Ending balance | $ / shares	$ 7.81
Weighted Average Contractual Life (years), Ending balance	4 years 1 month 2 days
Intrinsic Value, Ending balance | $	$ 35,160,662
Number of shares, Exercisable | shares	38,628,689
Weighted Average Exercise Price, Exercisable | $ / shares	$ 7.87
Weighted Average Contractual Life (years), Exercisable	4 years 2 months 1 day
Intrinsic Value, Exercisable | $	$ 35,160,662

Sponsorship Revenue and Assoc_3

Sponsorship Revenue and Associated Commitments (Details) - USD ($)	Jul. 02, 2020	Dec. 31, 2018	Oct. 31, 2018	Dec. 31, 2016	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2016	Dec. 31, 2020
Sponsorship Revenue and Associated Commitments (Details) [Line Items]
Amended and restated sponsorship and naming rights agreement description	the Company entered into an Amended and Restated Sponsorship and Naming Rights Agreement (the “Amended Sponsorship Agreement”) among Newco, PFHOF and Johnson Controls, Inc. (“JCI”), that amended and restated the Sponsorship and Naming Rights Agreement, dated as of November 17, 2016 (the “Original Sponsorship Agreement”). Among other things, the Amended Sponsorship Agreement: (i) reduced the total amount of fees payable to Newco during the term of the Amended Sponsorship Agreement from $135 million to $99 million; (ii) restricted the activation proceeds from rolling over from year to year with a maximum amount of activation proceeds in one agreement year to be $750,000; and (iii) renamed the “Johnson Controls Hall of Fame Village” to “Hall of Fame Village powered by Johnson Controls”. This is a prospective change, which the Company reflected beginning in the third quarter of 2020.
Cash					$ 61,908,208	$ 2,149,500	$ 61,908,208	$ 2,149,500		$ 7,145,661
Johnson Controls, Inc [Member]
Sponsorship Revenue and Associated Commitments (Details) [Line Items]
Revenue recognized, net					1,121,385	1,237,347	2,230,447	2,474,694
Accounts receivable					0		0			0
Aultman Health Foundation [Member]
Sponsorship Revenue and Associated Commitments (Details) [Line Items]
Revenue recognized, net					0	44,852	4,491	89,704
Accounts receivable					0		0			0
Licensing agreement term				10 years
Cash				$ 2,500,000					$ 2,500,000
Activation expenses									$ 700,000
First Data Merchant Services LLC [Member]
Sponsorship Revenue and Associated Commitments (Details) [Line Items]
Revenue recognized, net					37,042	37,042	73,677	74,084
Accounts receivable					0		0			58,141
Licensing agreement term		8 years
Constellation NewEnergy, Inc. [Member]
Sponsorship Revenue and Associated Commitments (Details) [Line Items]
Revenue recognized, net					292,378	326,736	581,543	653,473
Accounts receivable					383,410		383,410			1,101,867
Turf Nation, Inc. [Member]
Sponsorship Revenue and Associated Commitments (Details) [Line Items]
Revenue recognized, net					14,951	$ 14,951	29,737	$ 29,901
Accounts receivable					$ 161,829		$ 161,829			$ 132,092
Sponsorship agreement Term			5 years
Minimum guaranteed fee			$ 50,000

Sponsorship Revenue and Assoc_4

Sponsorship Revenue and Associated Commitments (Details) - Schedule of future cash to be received and required activation spend under the non-cancellable period of the agreement - Johnson Controls, Inc [Member]	Jun. 30, 2021USD ($)
Sponsorship Revenue and Associated Commitments (Details) - Schedule of future cash to be received and required activation spend under the non-cancellable period of the agreement [Line Items]
2021 (six months)	$ 3,447,917
Total	3,447,917
Unrestricted [Member]
Sponsorship Revenue and Associated Commitments (Details) - Schedule of future cash to be received and required activation spend under the non-cancellable period of the agreement [Line Items]
2021 (six months)	2,947,917
Total	2,947,917
Activation [Member]
Sponsorship Revenue and Associated Commitments (Details) - Schedule of future cash to be received and required activation spend under the non-cancellable period of the agreement [Line Items]
2021 (six months)	500,000
Total	$ 500,000

Sponsorship Revenue and Assoc_5

Sponsorship Revenue and Associated Commitments (Details) - Schedule of future cash to be received under the agreement - First Data Merchant Services LLC [Member]	Jun. 30, 2021USD ($)
Sponsorship Revenue and Associated Commitments (Details) - Schedule of future cash to be received under the agreement [Line Items]
2021 (six months)
2022	150,000
2023	150,000
2024	150,000
2025	150,000
Thereafter	150,000
Total	$ 750,000

Sponsorship Revenue and Assoc_6

Sponsorship Revenue and Associated Commitments (Details) - Schedule of future cash to be received and required activation spend under the agreement - Constellation New Energy, Inc [Member]	Jun. 30, 2021USD ($)
Sponsorship Revenue and Associated Commitments (Details) - Schedule of future cash to be received and required activation spend under the agreement [Line Items]
2021 (six months)
2022	1,596,000
2023	1,623,220
2024	1,423,265
2025	1,423,265
Thereafter	5,693,057
Total	11,758,807
Unrestricted [Member]
Sponsorship Revenue and Associated Commitments (Details) - Schedule of future cash to be received and required activation spend under the agreement [Line Items]
2021 (six months)
2022	1,396,000
2023	1,423,220
2024	1,257,265
2025	1,257,265
Thereafter	5,029,057
Total	10,362,807
Activation [Member]
Sponsorship Revenue and Associated Commitments (Details) - Schedule of future cash to be received and required activation spend under the agreement [Line Items]
2021 (six months)
2022	200,000
2023	200,000
2024	166,000
2025	166,000
Thereafter	664,000
Total	$ 1,396,000

Other Commitments (Details)

Other Commitments (Details) - USD ($)	Sep. 01, 2019	Apr. 30, 2021	Oct. 22, 2019	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Feb. 01, 2021
Other Commitments (Details) [Line Items]
Operating leases, rent expense				$ 85,189	$ 99,279	$ 163,164	$ 200,228
Management fee expense				30,000	0	60,000	0
Revenue percentage			2.00%
Base management fees			$ 10,000
Commencement date			Oct. 22, 2024
Escrow deposit								$ 2,000,000
Monthly installments		$ 103,095
SMG Management Agreement [Member]
Other Commitments (Details) [Line Items]
Management fee expense	$ 200,000			$ 50,000	$ 50,000	$ 100,000	$ 100,000

Other Commitments (Details) - S

Other Commitments (Details) - Schedule of future minimum lease commitments under non-cancellable operating leases	Jun. 30, 2021USD ($)
Schedule of future minimum lease commitments under non-cancellable operating leases [Abstract]
2021 (six months)	$ 165,950
2022	321,900
2023	321,900
2024	321,900
2025	321,900
Thereafter	41,320,800
Total	$ 42,774,350

Related-Party Transactions (Det

Related-Party Transactions (Details) - USD ($)	Jul. 01, 2020	Jan. 13, 2020	Dec. 11, 2018	Mar. 10, 2016	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Feb. 03, 2021
Related-Party Transactions (Details) [Line Items]
Percentage of development costs					4.00%		4.00%
Costs incurred					$ 20	$ 80,174	$ 40	$ 208,946
Commissions fee							15,000
Financing from constellation		$ 9,900,000
Membership purchase agreement, description				On March 10, 2016, the Company entered into a license agreement with PFHOF, whereby the Company has the ability to license and use certain intellectual property from PFHOF in exchange for the Company paying a fee based on certain sponsorship revenue and expenses.
License agreement, description			the license agreement was amended to change the calculation of the fee to be 20% of eligible sponsorship revenue. The license agreement was further amended in a First Amended and Restated License Agreement, dated September 16, 2019. The license agreement expires on December 31, 2033. During the three months ended June 30, 2021 and 2020, the Company recognized expenses of $105,221 and $464,618, respectively, and for the six months ended June 30, 2021 and 2020, $210,442 and $1,466,222, respectively, which are included in property operating expenses on the Company’s unaudited condensed consolidated statements of operations.
Media license agreement, description	the Company entered into an Amended and Restated Media License Agreement that terminates on December 31, 2034. In consideration of a license to use certain intellectual property of PFHOF, the Company agreed to pay to PFHOF minimum guaranteed license fees of $1,250,000 each year during the term. After the first five years of the agreement, the minimum guarantee shall increase by 3% on a year-over-year basis.
Purchase for parcels of real property									$ 1,750,000
IRG [Member]
Related-Party Transactions (Details) [Line Items]
Costs incurred					$ 45,000	90,000
IRG [Member]
Related-Party Transactions (Details) [Line Items]
Costs incurred						$ 45,000	$ 90,000

Related-Party Transactions (D_2

Related-Party Transactions (Details) - Schedule of due to affiliates - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Related-Party Transactions (Details) - Schedule of due to affiliates [Line Items]
Total	$ 1,901,992	$ 1,723,556
Due to IRG Member [Member]
Related-Party Transactions (Details) - Schedule of due to affiliates [Line Items]
Total	1,293,146	1,456,521
Due to IRG Affiliate [Member]
Related-Party Transactions (Details) - Schedule of due to affiliates [Line Items]
Total	316,900	140,180
Due to PFHOF [Member]
Related-Party Transactions (Details) - Schedule of due to affiliates [Line Items]
Total	$ 291,946	$ 126,855

Related-Party Transactions (D_3

Related-Party Transactions (Details) - Schedule of other liabilities - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Schedule of other liabilities [Abstract]
Activation fund reserves	$ 4,066,492	$ 3,780,343
Deferred revenue	1,147,337	1,709,126
Total	$ 5,213,829	$ 5,489,469

Concentrations (Details)

Concentrations (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Customer Two [Member]
Concentrations (Details) [Line Items]
Number of customer			2	2
Customer Four [Member]
Concentrations (Details) [Line Items]
Number of customer			4
Sponsorship revenue [Member]
Concentrations (Details) [Line Items]
Number of customer	2	2
Sponsorship revenue [Member] | Customer One [Member]
Concentrations (Details) [Line Items]
Concentration risk percentage	47%	73%	52%	68%
Sponsorship revenue [Member] | Customer Two [Member]
Concentrations (Details) [Line Items]
Concentration risk percentage	12%	19%	14%	18%
Accounts Receivable [Member]
Concentrations (Details) [Line Items]
Number of customer					2
Accounts Receivable [Member] | Customer One [Member]
Concentrations (Details) [Line Items]
Concentration risk percentage			44%		71%
Accounts Receivable [Member] | Customer Two [Member]
Concentrations (Details) [Line Items]
Concentration risk percentage			30%		15%
Accounts Receivable [Member] | Customer Four [Member]
Concentrations (Details) [Line Items]
Concentration risk percentage			11%
Accounts Receivable [Member] | Customer Three [Member]
Concentrations (Details) [Line Items]
Concentration risk percentage			14%