Touchpoint (TGHI) 10-Q 18 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 17, 2020
Document and Entity Information [Abstract]
Entity Registrant Name	Touchpoint Group Holdings Inc.
Entity Central Index Key	0000225211
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Entity Current reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity shell Company	false
Entity Emerging Growth Company	false
Entity Common Stock Shares Outstanding		39,787,393
Entity File Number	001-36530
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	DE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash	$ 191	$ 258
Accounts receivable, net	250	80
Prepaid compensation	550	550
Other receivable	229
Advances to acquisition target	210	210
Other current assets	182	88
Current assets of continued operations	1,612	1,186
Current assets of discontinued operations	1	29
Total current assets	1,613	1,215
Other receivable	250	250
Property and equipment, net	3
Intangible assets, net	1,702	1,992
Goodwill	419	419
Prepaid compensation, net of current portion	642	917
Non current assets of discontinued operations	5	34
Total assets	4,634	4,827
Current liabilities:
Accounts payable	665	530
Accrued expenses	257	200
Accrued compensation	553	388
Loans payable	558	290
Amount due to related parties	19	19
Promissory notes, related parties	1,000	1,000
Current liabilities of continued operations	3,052	2,427
Current liabilities of discontinued operations	11	428
Total current liabilities	3,063	2,855
Total liabilities	3,063	2,855
Temporary Equity – redeemable common stock outstanding 33,944 shares	605	605
Preferred stock:
$0.0001 par value, authorized 50,000,000; No shares issued and outstanding
Common stock:
$0.0001 par value, authorized 200,000,000; 34,987,393 and 4,098,914 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively	4	2
Additional paid-in capital	62,224	61,749
Accumulated deficit	(62,208)	(61,362)
Accumulated other comprehensive loss	(24)	(24)
Total Touchpoint Group Holdings, Inc. stockholders' (deficit) equity	(4)	365
Equity attributable to non-controlling interest	970	1,002
Total stockholders' equity	966	1,367
Total liabilities and stockholders' equity	$ 4,634	$ 4,827

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Redeemable common stock outstanding	33,944	33,944
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	34,987,393	4,098,914
Common stock, shares outstanding	34,987,393	4,098,914

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue	$ 150	$ 48	$ 190	$ 48
Cost of revenue:
Total cost of revenue	139	166	278	280
Gross profit (deficit)	11	(118)	(88)	(232)
Expenses:
General and administrative	742	690	1,241	1,580
Total expenses	742	690	1,241	1,580
Loss from operations	(731)	(808)	(1,329)	(1,812)
Other income and expense:
Interest expense	(74)	(18)	(122)	(35)
Interest income		6	3	10
Foreign exchange	(1)	(1)	(2)	(2)
Other (expense) income	(2)		604	553
Total other income and expense	(77)	(13)	483	526
Loss before discontinued operations	(808)	(821)	(846)	(1,286)
Loss from discontinued operations		(329)		(554)
Net loss for the period	(808)	(1,150)	(846)	(1,840)
Net loss attributable to non-controlling interest		66		100
Net loss attributable to Touchpoint Group Holdings Inc. common stockholders	$ (808)	$ (1,084)	$ (846)	$ (1,740)
Earnings per share
Basic and diluted net loss per share - continuing operations	$ (0.03)	$ (0.23)	$ (0.05)	$ (0.36)
Basic and diluted net loss per share - Discontinued operations		$ (0.09)		$ (0.16)
Weighted average number of shares outstanding
Basic and diluted	27,354	3,601	18,034	3,567
Software and production costs
Cost of revenue:
Total cost of revenue				$ 4
Amortization of intangible assets
Cost of revenue:
Total cost of revenue	$ 139	$ 166	$ 278	$ 276

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net loss	$ (808)	$ (1,084)	$ (846)	$ (1,740)
Other comprehensive income:
Foreign currency translation adjustment loss				11
Total comprehensive loss	$ (808)	$ (1,084)	$ (846)	$ (1,729)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Mezzanine Equity	Common Stock	Additional Paid-In Capital	Stock Subscription Receivable	Accumulated Deficit	Accumulated Other Comprehensive Income	Stock Subscription Receivable	Non-Controlling Interest	Total
Balance at Dec. 31, 2018	$ 605	$ 2	$ 62,606	$ (1,425)	$ (54,854)	$ (35)		$ 1,571	$ 7,865
Balance, shares at Dec. 31, 2018	34	3,502
Net loss					(656)			(34)	(690)
Foreign currency translation						11			11
Disposal of interest in Banana Whale Studios PTE Limited								(449)	(449)
Balance at Mar. 31, 2019	$ 605	$ 2	62,606	(1,425)	(55,510)	(24)		1,088	6,737
Balance, shares at Mar. 31, 2019	34	3,502
Balance at Dec. 31, 2018	$ 605	$ 2	62,606	(1,425)	(54,854)	(35)		1,571	7,865
Balance, shares at Dec. 31, 2018	34	3,502
Foreign currency translation									11
Balance at Jun. 30, 2019	$ 605	$ 2	62,883	(1,425)	(56,594)	(24)		1,022	5,864
Balance, shares at Jun. 30, 2019	34	3,784
Balance at Mar. 31, 2019	$ 605	$ 2	62,606	(1,425)	(55,510)	(24)		1,088	6,737
Balance, shares at Mar. 31, 2019	34	3,502
Net loss					(1,084)			(66)	(1,150)
Foreign currency translation
Disposal of interest in Banana Whale Studios PTE Limited									127
Issuance of shares for contract modification			127
Issuance of shares for contract modification, shares		82
Issuance of shares for services			150						150
Issuance of shares for services, shares		200
Balance at Jun. 30, 2019	$ 605	$ 2	62,883	(1,425)	(56,594)	(24)		1,022	5,864
Balance, shares at Jun. 30, 2019	34	3,784
Balance at Dec. 31, 2019	$ 605	$ 2	61,749		(61,362)	(24)		1,002	1,367
Balance, shares at Dec. 31, 2019	34	4,099
Return of shares
Return of shares, shares		(474)
Issuance of shares on partial conversion of note payable			71						71
Issuance of shares on partial conversion of note payable, shares		5,476
Correction of shares not subject to reverse split
Correction of shares not subject to reverse split, shares		2,400
Shares issued for financing commitment		$ 8							8
Shares issued for financing commitment,Shares		206
Recission of shares on disposal of Banana Whale Studios PTE Limited			(2)					(32)	(34)
Recission of shares on disposal of Banana Whale Studios PTE Limited, shares		(89)
Balance at Mar. 31, 2020	$ 605	$ 2	61,826		(61,400)	(24)		970	1,374
Balance, shares at Mar. 31, 2020	34	11,618
Balance at Dec. 31, 2019	$ 605	$ 2	61,749		(61,362)	(24)		1,002	1,367
Balance, shares at Dec. 31, 2019	34	4,099
Foreign currency translation
Balance at Jun. 30, 2020	$ 605	$ 4	62,224		(62,208)	(24)		970	966
Balance, shares at Jun. 30, 2020	34	34,955
Balance at Mar. 31, 2020	$ 605	$ 2	61,826		(61,400)	(24)		970	1,374
Balance, shares at Mar. 31, 2020	34	11,618
Net loss					(808)				(808)
Foreign currency translation
Shares issuance for cash			20						20
Shares issuance for cash, shares		646
Issuance of shares on partial conversion of note payable		$ 1	28						29
Issuance of shares on partial conversion of note payable, shares		7,337
Shares issued for financing commitment			26						26
Shares issued for financing commitment,Shares		354
Shares issued for services to be provided		$ 1	324						325
Shares issued for services to be provided, shares		15,000
Balance at Jun. 30, 2020	$ 605	$ 4	$ 62,224		$ (62,208)	$ (24)		$ 970	$ 966
Balance, shares at Jun. 30, 2020	34	34,955

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net loss for the period	$ (846)	$ (1,286)
Adjustment to reconcile net loss for the period to net cash flows from operating activities:
Shares issued for financing commitment	34
Amortization of intangible assets	278	276
Gain on sale of interest in subsidiary	(604)	(553)
Shares issued for services to be provided	256
Shares issued for contract modification		127
Loan discount	57
Forgiveness of note receivable	3
Amortization of shares issued for services	329	423
Changes in operating assets and liabilities:
Accounts receivable	(173)	(40)
Other assets	(30)	(64)
Accounts payable and accrued expenses	354	167
Net cash flows from operating activities – continuing operations	(342)	(950)
Net cash flows from operating activities – discontinued operations		(323)
Net cash flows from operating activities	(342)	(1,273)
Cash used in investing activities:
Cash advances to acquisition target		(126)
Proceeds from sale of interest in subsidiary		1,500
Purchase of intangible assets	(10)
Purchase of fixed assets	(3)
Net cash flows from investing activities - continuing operations	(13)	1,374
Net cash flows from investing activities - discontinued operations		(168)
Net cash flows from investing activities	(13)	1,206
Cash flows from financing activities:
Proceeds from issuance of shares	20
Repayment of loans	(190)
Proceeds from note receivable	3
Proceeds from loan	455	503
Net cashflows from financing activities – continuing operations	288	503
Net cashflows from financing activities – discontinued operations		48
Net cashflows from financing activities	288	551
(Decrease) increase in cash during the period	(67)	484
Foreign exchange effect on cash		10
Cash at beginning of the period	258	353
Cash at end of the period	191	847
Non-cash financing transactions:
Common stock issued for business combinations		14,220
Common stock issued for conversion of debt		$ 406

Description of Business, Organi

Description of Business, Organization and Principles of Consolidation	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business, Organization and Principles of Consolidation	Note 1. Description of Business, Organization and Principles of Consolidation Description of Business On September 26, 2019, the Company changed its name from One Horizon Group, Inc. to Touchpoint Group Holdings, Inc. (the "Company"). The Company has the following businesses: (i) Touchpoint Connect Limited ("Touchpoint") – Touchpoint is a newly formed wholly owned subsidiary that offers a white label product which is a fan engagement platform designed to enhance the fan experience and drive commercial aspects of the sport and entertainment business. (ii) Love Media House - The Company is in negotiations to sell its interests in Love Media House, Inc. ("Love Media House") and as such, it is considered to be discontinued operations. (iii) Browning - In February 2020, the Company sold all of its interest in Browning Productions & Entertainment, Inc. ("Browning") and its results for 2019 and through the sale in 2020 are treated as discontinued operations. (iv) 123 Wish, Inc. – 123Wish, Inc. ("123Wish") is considered dormant. All of its operations have been moved to Touchpoint. The Company is based in the United States of America and the United Kingdom. Interim Period Financial Statements The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States ("GAAP") for interim financial information and with the Securities and Exchange Commission's (the "SEC") instructions. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. The results of operations reflect interim adjustments, all of which are of a normal recurring nature and, in the opinion of management, are necessary for a fair presentation of the results for such interim period. The results reported in these interim condensed consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. Certain information and note disclosure normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the SEC's rules and regulations. These unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the SEC on April 24, 2020. Current Structure of the Company The Company has the following subsidiaries: Subsidiary name % Owned ● 123Wish, Inc. (considered dormant) 51 % ● One Horizon Hong Kong Ltd 100 % ● Horizon Network Technology Co. Ltd 100 % ● Love Media House, Inc (discontinued operations) 100 % ● Touchpoint Connect Limited 100 % In addition to the subsidiaries listed above, Suzhou Aishuo Network Information Co., Ltd ("Suzhou Aishuo") is a limited liability company, organized in China and controlled by the Company via various contractual arrangements. Suzhou Aishuo is treated as one of our subsidiaries for financial reporting purposes in accordance with GAAP. All significant intercompany balances and transactions have been eliminated in consolidation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Liquidity and Capital Resources Historically, the Company has incurred net losses and negative cash flows from operations which raise substantial doubt about the Company's ability to continue as a going concern. The Company has principally financed these losses from the sale of equity securities and the issuance of debt instruments. The Company will be required to raise additional funds through various sources, such as equity and debt financings. While the Company believes it is probable that such financings could be secured, there can be no assurance the Company will be able to secure additional sources of funds to support its operations, or if such funds are available, that such additional financing will be sufficient to meet the Company's needs or on terms acceptable to us. At June 30, 2020, the Company had cash of approximately $191,000. Together with the Company's current operational plan and budget, and expected financings, the Company believes that it is probable that it will have sufficient cash to fund its operations into at least the first quarter of 2021. However, actual results could differ materially from the Company's projections. On August 5 Basis of Accounting and Presentation These condensed consolidated financial statements have been prepared in conformity with GAAP. Foreign Currency Translation The reporting currency of the Company is the United States dollar. Assets and liabilities other than those denominated in U.S. dollars, primarily in the United Kingdom, are translated into United States dollars at the rate of exchange at the balance sheet date. Revenues and expenses are translated at the average rate of exchange throughout the period. Gains or losses from these translations are reported as a separate component of other comprehensive income (loss) until all or a part of the investment in the subsidiaries is sold or liquidated. The translation adjustments do not recognize the effect of income tax because the Company expects to reinvest the amounts indefinitely in operations. Transaction gains and losses that arise from exchange-rate fluctuations on transactions denominated in a currency other than the functional currency are included in general and administrative expenses. Cash Cash and cash equivalents include bank demand deposit accounts and highly liquid short-term investments with maturities of three months or less when purchased. Cash consists of checking accounts held at financial institutions in the U.S. and the United Kingdom which balances may exceed insured limits at times. The Company has not experienced any losses related to these balances, and management believes the credit risk to be minimal. Accounts Receivable, Revenue Recognition and Concentrations Performance Obligations Revenue Recognition — Discontinued operations 1. Love Media House derives income from recording and video services. Income is recognized when the recording and video services are performed and the final customer product is delivered and the point at which the performance obligation is satisfied. These revenues are non-refundable. 2. Browning derives income from the advertising associated with the airing of television series produced by Browning and also licenses income from the showing of series on certain channels based on the number of viewers attracted. Advertising revenue is recognized when the series to which the advertising relates is aired. — Continuing operations 3. Touchpoint – Revenue for the sale of the software license is recognized when the customer has use of the services and has access to use the software. Revenue from maintenance services is recognized over time as the services are provided and charged. The Company does not have off-balance sheet credit exposure related to its customers. As of June 30, 2020 six customers accounted for 100% of the accounts receivable balance and as of December 31, 2019, two customers accounted for 68% of the accounts receivable balance. Four customers accounted for 100% of the revenue for the six months ended June 30, 2020 and two customers accounted for 100% of the revenue for the six months ended June 30, 2019. Intangible Assets Intangible assets include software development costs and acquired technology and are amortized on a straight-line basis over the estimated useful lives ranging from four to five years. The Company periodically evaluates whether changes have occurred that would require revision of the remaining estimated useful life. The Company performs periodic reviews of its capitalized intangible assets to determine if the assets have continuing value to the Company. Impairment of Other Long-Lived Assets The Company evaluates the recoverability of its property and equipment and other long-lived assets whenever events or changes in circumstances indicate impairment may have occurred. An impairment loss is recognized when the net book value of such assets exceeds the estimated future undiscounted cash flows attributed to the assets or the business to which the assets relate. Impairment losses, if any, are measured as the amount by which the carrying value exceeds the fair value of the assets. No impairment charge has been determined during the respective three and six months ended June 30, 2020. As set out in Note 3, during the year ended December 31, 2019, the Company recorded an impairment charge related to the Company's discontinued operations of $2.4 million. Income Taxes Deferred income tax assets and liabilities are determined based on temporary differences between financial reporting and tax bases of assets and liabilities, operating loss, and tax credit carryforwards, and are measured using the enacted income tax rates and laws that will be in effect when the differences are expected to be recovered or settled. Realization of certain deferred income tax assets is dependent upon generating sufficient taxable income in the appropriate jurisdiction. The Company records a valuation allowance to reduce deferred income tax assets to amounts that are more likely than not to be realized. The initial recording and any subsequent changes to valuation allowances are based on a number of factors (positive and negative evidence). The Company considers its actual historical results to have a stronger weight than other, more subjective, indicators when considering whether to establish or reduce a valuation allowance. Net Loss per Share Basic net loss per share is calculated by dividing the net loss attributable to common shareholders by the weighted average number of common shares outstanding in the period. Diluted loss per share takes into consideration common shares outstanding (computed under basic loss per share) and potentially dilutive securities. For the three and six month periods ended June 30, 2020 and 2019, outstanding warrants are antidilutive because of net losses, and as such, their effect has not been included in the calculation of diluted net loss per share. Common shares issuable are considered outstanding as of the original approval date for purposes of earnings per share computations. Accumulated Other Comprehensive Income (Loss) Other comprehensive income (loss), as defined, includes net income (loss), foreign currency translation adjustment, and all changes in equity (net assets) during a period from nonowner sources. To date, the Company has not had any significant transactions that are required to be reported in other comprehensive income (loss), except for foreign currency translation adjustments. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the fiscal period. The Company makes estimates for, among other items, useful lives for depreciation and amortization, determination of future cash flows associated with impairment testing for long-lived assets, determination of the fair value of stock options and warrants, determining fair values of assets acquired and liabilities assumed in business combinations, valuation allowance for deferred tax assets, allowances for doubtful accounts, and potential income tax assessments and other contingencies. The Company bases its estimates on historical experience, current conditions, and other assumptions that it believes to be reasonable under the circumstances. Actual results could differ from those estimates and assumptions. Recently adopted Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes," which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. ASU 2019-12 is effective for us for annual periods beginning January 1, 2021. We are currently reviewing the provisions of this new pronouncement, and the impact, if any, the adoption of this guidance has on our financial position and results of operations. In January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment s fair value. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company adopted the ASU on January 1, 2020. The amendment did not have an impact on our consolidated financial condition or results of operations. Other receivables Other receivables of the Company consisted of receivables from Banana Whale Studios Pte Ltd. ("Banana Whale") and Browning for the balances of amounts outstanding from the sale of the former subsidiaries. The aggregate balances as of June 30, 2020 and December 31, 2019 were $454,000 and $250,000 respectively (see Note 3). Other receivables comprise the following (in thousands): June 30, December 31, (unaudited) Banana Whale $ 250 $ 250 Browning Production & Entertainment, Inc. 204 - $ 454 $ 250 On February 14, 2020, the Company completed the sale of its interest in Browning to William J. Browning, the holder of the remaining Browning shares. Under the sale agreement, Browning and Mr. Browning agreed to repay advances totaling $210,000, made to Browning by the Company, over a 24-month period ending January 31, 2022 with an early repayment discount, equal to the amount of payment received, given during the six months ending August 31, 2020. Commencing September 1, 2020, the then balance outstanding is to be repaid in equal instalments over the remaining 18 months together with interest of 1% per month. During the six months ended June 30, 2020 the Company received $3,000 and in addition credited Browning with an additional $1,000 repayment discount. In June 2020, Mr. Browning returned the 89,333 shares of Company common stock issued under the original acquisition for cancellation by the Company. During the six months ended June 30, 2020, the Company realized a gain of $606,000 on the sale of its 51% interest in Browning.

Discontinued operations

Discontinued operations	6 Months Ended
	Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Discontinued operations	Note 3. Discontinued operations On January 1, 2019 the Company sold its 51% interest in Banana Whale to a third party in return for $1,500,000 in cash, a promissory note in the principal amount of $500,000 (the "Banana Whale Note") and the return of 295,322 shares of the Company's common stock issued upon acquisition. In December 2019, an agreement regarding the remaining amount due on the Banana Whale Note of $500,000 was reached pursuant to which the Company received $250,000 in December 2019. In addition, the balance is payable over the two years ending December 2021 whereby the Company will receive an amount equal to 25% of reported EBITDA each quarter up to a maximum amount of $250,000 in the aggregate. As of June 30, 2020, no payments have been received. During the year ended December 31, 2019, the Company decided to sell its interests in its subsidiaries, Love Media House and Browning. In connection with this determination, the Company concluded the intangible assets related to these subsidiaries were impaired. Accordingly, the Company recorded an impairment charge of approximately $2.4 million which was included in the loss from discontinued operations for the year ended December 31, 2019. On February 18, 2020, the Company completed the sale of its interest in Browning to William J. Browning, the holder of the remaining Browning shares. Under the Recission Agreement, Browning and Mr. Browning agreed to repay advances totaling $210,000, made to Browning by the Company, over a 24-month period ending January 31, 2022 with an early repayment discount, equal to the amount of payment received during the six months ending August 31, 2020. Commencing September 1, 2020, the then balance outstanding is to be repaid in equal instalments over the remaining 18 months together with interest of 1% per month. During the three months ended March 31, 2020, the Company received $1,000 and in addition credited Browning with an additional $1,000 repayment discount reducing the outstanding principal to $204,000 as of June 30, 2020. In June 2020, Mr. Browning returned the 89,333 shares of Company common stock issued under the original acquisition. The shares have now been cancelled by the Company. During the six months ended June 30, 2020, the Company realized a gain of $606,000 on the sale of its 51% interest in Browning. The Company has accounted for the operations of Love Media House and Browning as discontinued operations. The Statements of Operations for the three and six months ended June 30, 2020 and 2019 for discontinued operations is as follows (in thousands, unaudited) Three Months ended Six Months ended 2020 2019 2020 2019 Revenue $ - 206 $ - 407 Cost of revenue: Software and production costs - 89 - 167 Amortization - 50 - 100 - 139 - 267 Gross Profit - 67 - 140 Expenses General and administrative - 388 - 682 Depreciation - 4 - 5 Other expenses - 4 - 7 - 396 - 694 Loss from Discontinued Operations $ - (329 ) $ - (554 ) The balance sheet of discontinued operations as of June 30, 2020 and December 31, 2019 is as follows (in thousands) June 30, December 31, 2020 2019 (unaudited) Current Assets Cash $ - $ 2 Other current assets 1 27 1 29 Property and equipment 5 34 $ 6 $ 63 Current Liabilities Accounts payable and accrued expenses $ - $ 36 Deferred revenue - 15 Loans payable - 115 Finance contracts, due within one year - 51 Notes payable – related parties 11 211 $ 11 $ 428

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 4. Intangible Assets Intangible assets consists of the following (in thousands): June 30 December 31 2020 2019 (unaudited) Touchpoint software $ 2,938 $ 2,950 Goodwill 419 419 3,357 3,369 Less accumulated amortization (1,236 ) (958 ) Intangible assets, net $ 2,121 $ 2,411

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Notes Payable	Note 5. Notes payable a) The promissory notes due to Zhanming Wu ($500,000) and the Company's CEO, Mark White ($500,000), both considered related parties, including accrued interest of 7% per annum from issuance, were due for repayment on August 31, 2019. Such payments were not made and the parties are in negotiations to extend the maturity dates of the promissory notes. There can be no guarantee that commercially reasonable terms will agreed upon. As of June 30, 2020, the counterparties had not demanded repayment of the promissory notes. b) The remaining principal balance of $10,000 of the $500,000 loan received from Century River Limited, a company controlled by the Company's CEO, Mark White was repaid on June 10, 2020. c) Bespoke Growth Partners Convertible Note #1 In July 2019, the Company issued a convertible promissory note in the original principal amount of $100,000 to Bespoke Growth Partners. The loan was due on January 26, 2020 and bore interest of 20% per annum. During the six months ended June 30, 2020 the Company repaid $84,210 of principal and $16,061 of interest on the note by issuing an aggregate of 12,813,123 shares of Company common stock to Bespoke Growth Partners. The balance owing as at June 30, 2020 was $15,790. d) Bespoke Growth Partners Convertible Note #2 In November 2019, the Company issued a convertible promissory note in the original principal amount of $300,000 to Bespoke Growth Partners. The note was due on May 21, 2020 with an interest rate of 20% per annum. The net loan proceeds will be $200,000, after the loan discount of $100,000. During the six months ended June 30, 2020 the Company received proceeds under the note of $175,000. The balance outstanding as at June 30, 2020, including pro-rata loan discount, was $262,500. e) Labrys Fund The loan payable to Labrys Fund LP ("Labrys") in the amount of $180,000 was repaid in full on January 24, 2020. f) Geneva Roth Remark Holdings, Inc. In May 2020, the Company issued a convertible promissory note in the principal amount of $133,000 to Geneva Roth Remark Holdings, Inc. The note is due May 19, 2021 and has an interest rate of 10% per annum. The promissory note is convertible, at the option of the holder, after 180 days into common shares of the Company at a discount of 35%. The balance owing as a June 30, 2020 is $133,000. g) Firstfire Global Opportunities Fund, LLC. In June 2020, the Company issued a convertible promissory note in the principal amount of $145,000 to Firstfire Global Opportunities Fund, LLC. The note is due June 15, 2021 and has an interest rate of 10% per annum. The promissory note is convertible, at the option of the holder, after 180 days into common shares of the Company at a discount of 35%. The balance owing as a June 30, 2020 is $145,000.

Share Capital

Share Capital	6 Months Ended
	Jun. 30, 2020
Stockholders' Equity Note [Abstract]
Share Capital	Note 6. Share Capital Common Stock The Company is authorized to issue 200 million shares of common stock, par value of $0.0001. During the six months ended June 30, 2020, the Company issued shares of common stock as follows: ● 12,813,132 shares of common stock, with an aggregate fair value of $100,271, in partial settlement of principal and interest owing to Bespoke Growth Partners, ● 2,400,000 shares of common stock to adjust shares issued in 2019 for consulting services which were not subject to reverse split, ● 559,673 shares of common stock for a commitment fee payable to Crown under the agreement dated in July 2019, ● 645,757 shares of common stock for cash of $19,969, ● 5,000,000 shares of common stock, with a fair value of $60,000, for services to be provided, ● 5,000,000 shares of common stock, with a fair value of $68,500, for services to be provided, ● 2,000,000 shares of common stock, with a fair value of $27,400, for services to be provided, and ● 3,000,000 shares of common stock, with a fair value of $169,500, for services to be provided. During the six months ended June 30, 2020, 563,760 shares of common stock were returned to the Company for cancellation of stock issued during the acquisitions of Banana Whale and Browning and loan payable to Labrys. During the year ended December 31, 2019, the Company issued shares of common stock as follows: ● 81,933 shares of common stock, with an aggregate fair value of $126,760, as additional compensation related to acquisition of Browning, ● 200,000 shares of common stock, with an aggregate fair value of $150,000, for consulting services to be provided, ● 100,000 shares of common stock with a fair value of $38,750 for consulting services to be provided, ● 179,104 shares of common stock as security against the loan payable to Labrys which shares were returned to the Company for cancellation in February 2020, and ● 370,000 shares of common stock for a commitment fee payable to Crown. During the year ended December 31, 2019, 340,000 shares of common stock, issued in December 2018 were returned to the Company for cancellation and the related share subscription due was cancelled. Stock Purchase Warrants As at June 30, 2020, the Company had reserved 2,890 shares of its common stock for the outstanding warrants with weighted average exercise price of $20.00. These warrants expired in July 2020. During the six months ended June 30, 2020, no warrants were issued, forfeited or exercised.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 7. Stock-Based Compensation The shareholders approved a stock option plan on August 6, 2013, the 2013 Equity Incentive Plan ("2013 Plan"). The 2013 Plan is for the issuance of stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards, dividend equivalents, cash bonuses and other stock-based awards to employees, directors and consultants of the Company. There have been no options issued in the six months ended June 30, 2020 and 2019 and there are no options outstanding as at June 30, 2020. In March 2018 the Company adopted an Equity Incentive Plan ("the 2018 Plan") to provide additional incentives to the employees, directors and consultants of the Company to promote the success of the Company's business. During the six months ended June 30, 2020, no common stock of the Company was issued under the 2018 Plan.

Legal Proceedings

Legal Proceedings	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	Note 8. Legal Proceedings The Company has received a claim from the landlord of a property leased by Maham LLC ("Maham"), under which the Company is a guarantor. The Company has retained counsel, is in discussions with the landlord regarding the claim and is discussing a solution to Maham's financial difficulty. The Company has also been served a claim from the former management of Love Media House regarding a claim for unpaid wages. The Company disputes the validity of the claim in its entirety.

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent event	Note 9. Subsequent event Effective July 15, 2020, the Company filed a preliminary information statement on Schedule 14C in connection with the approval of the following actions taken by the Company's Board of Directors and by written consent of the holders of a majority of the voting power of the issued and outstanding capital stock of the Company: 1. Election of seven directors to the Company's Board to serve until the Company's 2021 annual meeting of stockholders or until their successors are elected and qualified; 2. Amendment of the Company's certificate of incorporation, as amended (the "Certificate"), to increase the number of authorized shares of common stock from 200,000,000 to 750,000,000; 3. Holding of a non-binding advisory vote on executive compensation; and 4. Holding of a non-binding advisory vote on the frequency of executive compensation advisory votes (collectively with the matters identified in Items 1 through 3 above, the "Corporate Actions"). The purpose of the information statement is to notify stockholders that on July 14, 2020, stockholders holding a majority of the voting power of our issued and outstanding shares of capital stock executed a written consent approving the Corporate Actions. The written consent that the Company received constitutes the only stockholder approval required for the Corporate Actions under Delaware law and our Certificate and bylaws. As a result, no further action by any other stockholder is required to approve the Corporate Actions. Prior to effecting the Corporate Actions, the Company must file a definitive information statement on Schedule 14C with the SEC, mail the definitive information statement to stockholders of record entitled to notice, and wait at least 20 calendar days following such mailing. Effective August 7, 2020 the Company issued a convertible promissory note in the principal amount of $125,000 to EMA Financial, LLC. The note is due October 30, 2021 and has an interest rate of 10% per annum. The promissory note is convertible, at the option of the holder, after 180 days into common shares of the Company at a discount of 35%.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Liquidity and Capital Resources	Liquidity and Capital Resources Historically, the Company has incurred net losses and negative cash flows from operations which raise substantial doubt about the Company's ability to continue as a going concern. The Company has principally financed these losses from the sale of equity securities and the issuance of debt instruments. The Company will be required to raise additional funds through various sources, such as equity and debt financings. While the Company believes it is probable that such financings could be secured, there can be no assurance the Company will be able to secure additional sources of funds to support its operations, or if such funds are available, that such additional financing will be sufficient to meet the Company's needs or on terms acceptable to us. At June 30, 2020, the Company had cash of approximately $191,000. Together with the Company's current operational plan and budget, and expected financings, the Company believes that it is probable that it will have sufficient cash to fund its operations into at least the first quarter of 2021. However, actual results could differ materially from the Company's projections. On August 5
Basis of Accounting and Presentation	Basis of Accounting and Presentation These condensed consolidated financial statements have been prepared in conformity with GAAP.
Foreign Currency Translation	Foreign Currency Translation The reporting currency of the Company is the United States dollar. Assets and liabilities other than those denominated in U.S. dollars, primarily in the United Kingdom, are translated into United States dollars at the rate of exchange at the balance sheet date. Revenues and expenses are translated at the average rate of exchange throughout the period. Gains or losses from these translations are reported as a separate component of other comprehensive income (loss) until all or a part of the investment in the subsidiaries is sold or liquidated. The translation adjustments do not recognize the effect of income tax because the Company expects to reinvest the amounts indefinitely in operations. Transaction gains and losses that arise from exchange-rate fluctuations on transactions denominated in a currency other than the functional currency are included in general and administrative expenses.
Cash	Cash Cash and cash equivalents include bank demand deposit accounts and highly liquid short-term investments with maturities of three months or less when purchased. Cash consists of checking accounts held at financial institutions in the U.S. and the United Kingdom which balances may exceed insured limits at times. The Company has not experienced any losses related to these balances, and management believes the credit risk to be minimal.
Accounts Receivable, Concentrations and Revenue Recognition	Accounts Receivable, Revenue Recognition and Concentrations Performance Obligations Revenue Recognition — Discontinued operations 1. Love Media House derives income from recording and video services. Income is recognized when the recording and video services are performed and the final customer product is delivered and the point at which the performance obligation is satisfied. These revenues are non-refundable. 2. Browning derives income from the advertising associated with the airing of television series produced by Browning and also licenses income from the showing of series on certain channels based on the number of viewers attracted. Advertising revenue is recognized when the series to which the advertising relates is aired. — Continuing operations 3. Touchpoint – Revenue for the sale of the software license is recognized when the customer has use of the services and has access to use the software. Revenue from maintenance services is recognized over time as the services are provided and charged. The Company does not have off-balance sheet credit exposure related to its customers. As of June 30, 2020 six customers accounted for 100% of the accounts receivable balance and as of December 31, 2019, two customers accounted for 68% of the accounts receivable balance. Four customers accounted for 100% of the revenue for the six months ended June 30, 2020 and two customers accounted for 100% of the revenue for the six months ended June 30, 2019.
Intangible Assets	Intangible Assets Intangible assets include software development costs and acquired technology and are amortized on a straight-line basis over the estimated useful lives ranging from four to five years. The Company periodically evaluates whether changes have occurred that would require revision of the remaining estimated useful life. The Company performs periodic reviews of its capitalized intangible assets to determine if the assets have continuing value to the Company.
Impairment of Other Long-Lived Assets	Impairment of Other Long-Lived Assets The Company evaluates the recoverability of its property and equipment and other long-lived assets whenever events or changes in circumstances indicate impairment may have occurred. An impairment loss is recognized when the net book value of such assets exceeds the estimated future undiscounted cash flows attributed to the assets or the business to which the assets relate. Impairment losses, if any, are measured as the amount by which the carrying value exceeds the fair value of the assets. No impairment charge has been determined during the respective three and six months ended June 30, 2020. As set out in Note 3, during the year ended December 31, 2019, the Company recorded an impairment charge related to the Company's discontinued operations of $2.4 million.
Income Taxes	Income Taxes Deferred income tax assets and liabilities are determined based on temporary differences between financial reporting and tax bases of assets and liabilities, operating loss, and tax credit carryforwards, and are measured using the enacted income tax rates and laws that will be in effect when the differences are expected to be recovered or settled. Realization of certain deferred income tax assets is dependent upon generating sufficient taxable income in the appropriate jurisdiction. The Company records a valuation allowance to reduce deferred income tax assets to amounts that are more likely than not to be realized. The initial recording and any subsequent changes to valuation allowances are based on a number of factors (positive and negative evidence). The Company considers its actual historical results to have a stronger weight than other, more subjective, indicators when considering whether to establish or reduce a valuation allowance.
Net Loss per Share	Net Loss per Share Basic net loss per share is calculated by dividing the net loss attributable to common shareholders by the weighted average number of common shares outstanding in the period. Diluted loss per share takes into consideration common shares outstanding (computed under basic loss per share) and potentially dilutive securities. For the three and six month periods ended June 30, 2020 and 2019, outstanding warrants are antidilutive because of net losses, and as such, their effect has not been included in the calculation of diluted net loss per share. Common shares issuable are considered outstanding as of the original approval date for purposes of earnings per share computations.
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Other comprehensive income (loss), as defined, includes net income (loss), foreign currency translation adjustment, and all changes in equity (net assets) during a period from nonowner sources. To date, the Company has not had any significant transactions that are required to be reported in other comprehensive income (loss), except for foreign currency translation adjustments.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the fiscal period. The Company makes estimates for, among other items, useful lives for depreciation and amortization, determination of future cash flows associated with impairment testing for long-lived assets, determination of the fair value of stock options and warrants, determining fair values of assets acquired and liabilities assumed in business combinations, valuation allowance for deferred tax assets, allowances for doubtful accounts, and potential income tax assessments and other contingencies. The Company bases its estimates on historical experience, current conditions, and other assumptions that it believes to be reasonable under the circumstances. Actual results could differ from those estimates and assumptions.
Recently adopted Accounting Pronouncements	Recently adopted Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes," which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. ASU 2019-12 is effective for us for annual periods beginning January 1, 2021. We are currently reviewing the provisions of this new pronouncement, and the impact, if any, the adoption of this guidance has on our financial position and results of operations. In January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment s fair value. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company adopted the ASU on January 1, 2020. The amendment did not have an impact on our consolidated financial condition or results of operations.
Other receivables	Other receivables Other receivables of the Company consisted of receivables from Banana Whale Studios Pte Ltd. ("Banana Whale") and Browning for the balances of amounts outstanding from the sale of the former subsidiaries. The aggregate balances as of June 30, 2020 and December 31, 2019 were $454,000 and $250,000 respectively (see Note 3). Other receivables comprise the following (in thousands): June 30, December 31, (unaudited) Banana Whale $ 250 $ 250 Browning Production & Entertainment, Inc. 204 - $ 454 $ 250 On February 14, 2020, the Company completed the sale of its interest in Browning to William J. Browning, the holder of the remaining Browning shares. Under the sale agreement, Browning and Mr. Browning agreed to repay advances totaling $210,000, made to Browning by the Company, over a 24-month period ending January 31, 2022 with an early repayment discount, equal to the amount of payment received, given during the six months ending August 31, 2020. Commencing September 1, 2020, the then balance outstanding is to be repaid in equal instalments over the remaining 18 months together with interest of 1% per month. During the six months ended June 30, 2020 the Company received $3,000 and in addition credited Browning with an additional $1,000 repayment discount. In June 2020, Mr. Browning returned the 89,333 shares of Company common stock issued under the original acquisition for cancellation by the Company. During the six months ended June 30, 2020, the Company realized a gain of $606,000 on the sale of its 51% interest in Browning.

Description of Business, Orga_2

Description of Business, Organization and Principles of Consolidation (Tables)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of subsidiaries	Subsidiary name % Owned ● 123Wish, Inc. (considered dormant) 51 % ● One Horizon Hong Kong Ltd 100 % ● Horizon Network Technology Co. Ltd 100 % ● Love Media House, Inc. (discontinued operations) 100 % ● Touchpoint Connect Limited (formed in September 2019) 100 %

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Schedule of other receivables	June 30, December 31, (unaudited) Banana Whale $ 250 $ 250 Browning Production & Entertainment, Inc. 204 - $ 454 $ 250

Discontinued operations (Tables

Discontinued operations (Tables)	6 Months Ended
	Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Schedule of financial statements including discontinued operations	Three Months ended Six Months ended 2020 2019 2020 2019 Revenue $ - 206 $ - 407 Cost of revenue: Software and production costs - 89 - 167 Amortization - 50 - 100 - 139 - 267 Gross Profit - 67 - 140 Expenses General and administrative - 388 - 682 Depreciation - 4 - 5 Other expenses - 4 - 7 - 396 - 694 Loss from Discontinued Operations $ - (329 ) $ - (554 ) June 30, December 31, 2020 2019 (unaudited) Current Assets Cash $ - $ 2 Other current assets 1 27 1 29 Property and equipment 5 34 $ 6 $ 63 Current Liabilities Accounts payable and accrued expenses $ - $ 36 Deferred revenue - 15 Loans payable - 115 Finance contracts, due within one year - 51 Notes payable – related parties 11 211 $ 11 $ 428

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	June 30 December 31 2020 2019 (unaudited) Touchpoint software $ 2,938 $ 2,950 Goodwill 419 419 3,357 3,369 Less accumulated amortization (1,236 ) (958 ) Intangible assets, net $ 2,121 $ 2,411

Description of Business, Orga_3

Description of Business, Organization and Principles of Consolidation (Details)	Jun. 30, 2020
123Wish, Inc. (considered dormant) [Member]
Percentage of owned subsidiary	51.00%
One Horizon Hong Kong Ltd [Member]
Percentage of owned subsidiary	100.00%
Horizon Network Technology Co. Ltd [Member]
Percentage of owned subsidiary	100.00%
Love Media House, Inc (discontinued operations) [Member]
Percentage of owned subsidiary	100.00%
Touchpoint Connect Limited [Member]
Percentage of owned subsidiary	100.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Other receivables	$ 454	$ 250
Banana Whale [Member]
Other receivables	250	250
Browning Production & Entertainment, Inc. [Member]
Other receivables	$ 204

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details Textual) $ in Thousands	1 Months Ended		6 Months Ended		12 Months Ended
	Feb. 14, 2020	Aug. 05, 2019	Jun. 30, 2020USD ($)Customershares	Jun. 30, 2019Customer	Dec. 31, 2019USD ($)Customer
Summary of significant accounting policies (Textual)
Cash			$ 191
Description of committed to purchase	The Company completed the sale of its interest in Browning to William J. Browning, the holder of the remaining Browning shares. Under the sale agreement, Browning and Mr. Browning agreed to repay advances totaling $210,000, made to Browning by the Company, over a 24-month period ending January 31, 2022 with an early repayment discount, equal to the amount of payment received, given during the six months ending August 31, 2020. Commencing September 1, 2020, the then balance outstanding is to be repaid in equal instalments over the remaining 18 months together with interest of 1% per month. During the six months ended June 30, 2020 the Company received $3,000 and in addition credited Browning with an additional $1,000 repayment discount.
Impairment charge					$ 2,400
Aggregate balances			454		$ 250
Payments received			$ 3,000
Common stock issued under the original acquisition for cancellation | shares			89,333
Repayment discount			$ 1,000
Realized a gain on the sale			$ 606
Interest in browning			51.00%
Maximum [Member]
Summary of significant accounting policies (Textual)
Intangible asset useful life			5 years
Minimum [Member]
Summary of significant accounting policies (Textual)
Intangible asset useful life			4 years
Customer Concentration Risk [Member] | Accounts Receivable [Member]
Summary of significant accounting policies (Textual)
Number of customers | Customer			6		2
Percentage of concentration risk			100.00%		68.00%
Customer Concentration Risk [Member] | Revenue [Member]
Summary of significant accounting policies (Textual)
Number of customers | Customer			4	2
Percentage of concentration risk			100.00%	100.00%
Equity Purchase Agreement [Member] | Crown Bridge Partners, LLC [Member]
Summary of significant accounting policies (Textual)
Description of committed to purchase		The Company entered into an equity purchase agreement ("Equity Purchase Agreement") with Crown Bridge Partners, LLC ("Crown"), whereby Crown is expected to purchase up to $10.0 million of new common stock from the Company at the Company's option during the next three years. The amount is determined by the market value of trades and priced at an 18% discount to average market price. As of June 30, 2020, 645,757 shares have been sold under the Equity Purchase Agreement for net cash proceeds of $19,969.

Discontinued operations (Detail

Discontinued operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Discontinued Operations
Revenue		$ 206		$ 407
Cost of revenue:
Software and production costs		89		167
Amortization		50		100
Total cost of revenue		139		267
Gross Profit		67		140
Expenses
General and administrative		388		682
Depreciation		4		5
Other expenses		4		7
Total expenses		396		694
Loss from Discontinued Operations		$ (329)		$ (554)

Discontinued operations (Deta_2

Discontinued operations (Details 1) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current Assets
Cash		$ 2
Other current assets	1	27
Total current assets of discontinued operations	1	29
Property and equipment	5	34
Total assets of discontinued operations	6	63
Current Liabilities
Accounts payable and accrued expenses		36
Deferred revenue		15
Loans payable		115
Finance contracts, due within one year		51
Notes payable - related parties	11	211
Total current liabilities disposal	$ 11	$ 428

Discontinued operations (Deta_3

Discontinued operations (Details Textual) - USD ($) $ in Thousands	Jan. 02, 2019	Jun. 30, 2020	Feb. 18, 2020	Jun. 30, 2020	Dec. 31, 2019
Discontinued operations (Textual)
Promissory notes payable					$ 250
Common stock issued under original acquisition				563,760
Payments received				$ 3,000
Repayment discount				1,000
Outstanding principal		$ 204		$ 204
William J. Browning [Member]
Discontinued operations (Textual)
Ownership percentage acquired		51.00%		51.00%
Gain on disposition of business				$ 606
Balance payable, description			The Company completed the sale of its interest in Browning to William J. Browning, the holder of the remaining Browning shares. Under the Recission Agreement, Browning and Mr. Browning agreed to repay advances totaling $210,000, made to Browning by the Company, over a 24-month period ending January 31, 2022 with an early repayment discount, equal to the amount of payment received during the six months ending August 31, 2020. Commencing September 1, 2020, the then balance outstanding is to be repaid in equal instalments over the remaining 18 months together with interest of 1% per month. During the three months ended March 31, 2020, the Company received $1,000 and in addition credited Browning with an additional $1,000 repayment discount reducing the outstanding principal to $204,000 as of June 30, 2020.
Common stock issued under original acquisition		89,333
Banana Whale Studios PTE Ltd. [Member]
Discontinued operations (Textual)
Ownership percentage acquired	51.00%
Number of shares issued upon acquisition	295,322
Cash	$ 1,500
Promissory notes payable	$ 500
Balance payable, description					An agreement regarding the remaining amount due on the Banana Whale Note of $500,000 was reached pursuant to which the Company received $250,000 in December 2019. In addition, the balance is payable over the two years ending December 2021 whereby the Company will receive an amount equal to 25% of reported EBITDA each quarter up to a maximum amount of $250,000 in the aggregate. As of June 30, 2020, no payments have been received.
Banana Whale Studios PTE Ltd. [Member] | Discontinued Operations [Member]
Discontinued operations (Textual)
Impairment charge					$ 2,400

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Intangible Assets (Textual)
Intangible assets, gross	$ 3,357	$ 3,369
Less accumulated amortization	(1,236)	(958)
Intangible assets, net	2,121	2,411
Touchpoint software [Member]
Intangible Assets (Textual)
Intangible assets, gross	2,938	2,950
Goodwill [Member]
Intangible Assets (Textual)
Intangible assets, gross	$ 419	$ 419

Notes Payable (Details)

Notes Payable (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended		12 Months Ended
	May 31, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Nov. 30, 2019	Jul. 31, 2019
Notes Payable (Textual)
Issuance of common stock				340,000
Loan discount		$ 57
Loan Payable Two [Member] | Firstfire Global Opportunities Fund, LLC [Member]
Notes Payable (Textual)
Debt principal amount		$ 145
Debt interest percentage		10.00%
Maturity date		Jun. 15, 2021
Balance owing		$ 145
Loan Payable Two [Member] | Geneva Roth Remark Holdings, Inc. [Member]
Notes Payable (Textual)
Debt principal amount	$ 133
Debt interest percentage	10.00%
Maturity date	May 19, 2021
Balance owing		133
Loan Payable Two [Member] | Bespoke Growth Partners [Member]
Notes Payable (Textual)
Debt principal amount		300			$ 300
Loan payable		$ 200
Debt interest percentage		20.00%
Maturity date		May 21, 2020
Balance owing		$ 2,625
Loan discount		100
Proceeds from note		$ 175
7% Convertible Notes Payable Due August 31, 2019 [Member]
Notes Payable (Textual)
Debt interest percentage		7.00%
Loan Payable [Member] | Bespoke Growth Partners [Member]
Notes Payable (Textual)
Debt principal amount		$ 100				$ 100
Loan payable		$ 84,210
Debt interest percentage		20.00%
Maturity date		Jan. 26, 2020
Issuance of common stock		12,813,123
Interest		$ 16,061
Balance owing		15,790
Mark White [Member]
Notes Payable (Textual)
Debt principal amount		10
Loan payable		$ 500
Debt interest percentage		3.00%
Proceeds from note		$ 500
Mark White [Member] | 7% Convertible Notes Payable Due August 31, 2019 [Member]
Notes Payable (Textual)
Debt principal amount		500
Zhanming Wu [Member] | 7% Convertible Notes Payable Due August 31, 2019 [Member]
Notes Payable (Textual)
Debt principal amount		500
Labrys Fund [Member]
Notes Payable (Textual)
Loan payable		$ 180
Maturity date		Jan. 24, 2020

Share Capital (Details)

Share Capital (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	6 Months Ended	12 Months Ended
	Jul. 31, 2019	Jun. 30, 2020	Dec. 31, 2019
Share Capital (Textual)
Common stock, authorized		200,000,000	200,000,000
Common stock, par value (in dollars per share)		$ 0.0001	$ 0.0001
Number of shares issued for services		5,000,000
Number of value issued for services		$ 68,500
Common stock shares			340,000
Exercise price (in dollars per share)		$ 20
Number of shares issues upon acquisition		563,760
Reserved shares of common stock		2,890
Stock purchase warrants, description		These warrants expired in July 2020.
Common Stock [Member]
Share Capital (Textual)
Number of shares issued for services		5,000,000
Number of value issued for services		$ 60,000
Common stock shares, cash		$ 19,969
Common stock shares		645,757
Common Stock One [Member]
Share Capital (Textual)
Fair value of issued shares for services		$ 27,400
Common stock shares		2,000,000
Common Stock Two [Member]
Share Capital (Textual)
Fair value of issued shares for services		$ 169,500
Common stock shares		3,000,000
Crownbridge Partners [Member]
Share Capital (Textual)
Common stock shares			370,000
Browning Production & Entertainment [Member]
Share Capital (Textual)
Common stock shares			81,933
Fair value of services			$ 126,760
Labrys Fund LP [Member]
Share Capital (Textual)
Common stock shares			179,104
Bespoke Growth Partners [Member]
Share Capital (Textual)
Common stock shares		12,813,132
Fair value of services		$ 100,271
Crown [Member]
Share Capital (Textual)
Common stock shares	559,673
Consulting Services [Member]
Share Capital (Textual)
Common stock shares		2,400,000	200,000
Fair value of services			$ 150,000
Consulting Services One [Member]
Share Capital (Textual)
Common stock shares			100,000
Fair value of services			$ 38,750

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event [Member] - shares	Aug. 07, 2020	Jul. 15, 2020
Minimum [Member]
Subsequent Events (Textual)
Authorized shares of common		200,000,000
Subsequent event, description	The Company issued a convertible promissory note in the principal amount of $125,000 to EMA Financial, LLC. The note is due October 30, 2021 and has an interest rate of 10% per annum. The promissory note is convertible, at the option of the holder, after 180 days into common shares of the Company at a discount of 35%.
Maximum [Member]
Subsequent Events (Textual)
Authorized shares of common		750,000,000