Eterna Therapeutics (ERNA) 10-Q 20 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 18, 2020
Document And Entity Information
Entity Registrant Name	NTN BUZZTIME INC
Entity Central Index Key	0000748592
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		2,936,769
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current Assets:
Cash and cash equivalents	$ 2,221	$ 3,209
Restricted cash	50	50
Accounts receivable, net of allowances of $838 and $354, respectively	383	1,195
Site equipment to be installed	856	1,090
Prepaid expenses and other current assets	755	526
Total current assets	4,265	6,070
Restricted cash, long-term	150	150
Operating lease right-of-use assets	2,002	2,101
Fixed assets, net	2,489	2,822
Software development costs, net of accumulated amortization of $2,735 and $3,341, respectively	1,749	1,915
Deferred costs	239	274
Goodwill		696
Other assets	120	97
Total assets	11,014	14,125
Current Liabilities:
Accounts payable	787	835
Accrued compensation	236	588
Accrued expenses	237	490
Sales taxes payable	19	131
Income taxes payable	8	3
Current portion of long-term debt, net	1,990	2,739
Current portion of obligations under operating leases	385	409
Current portion of obligations under financing leases	21	21
Current portion of deferred revenue	383	460
Other current liabilities	286	419
Total current liabilities	4,352	6,095
Long-term obligations under operating leases	2,782	2,891
Long-term obligations under financing leases	15	20
Long-term deferred revenue	1	2
Other liabilities	15	26
Total liabilities	7,165	9,034
Shareholders' Equity
Series A 10% cumulative convertible preferred stock, $0.005 par value, $156 liquidation preference, 156 shares authorized, issued and outstanding at March 31, 2020 and December 31, 2019	1	1
Common stock, $0.005 par value, 15,000 shares authorized at March 31, 2020 and December 31, 2019; 2,926 and 2,901 shares issued at March 31, 2020 and December 31, 2019, respectively	15	14
Treasury stock, at cost, 10 shares at March 31, 2020 and December 31, 2019	(456)	(456)
Additional paid-in capital	136,800	136,721
Accumulated deficit	(132,675)	(131,457)
Accumulated other comprehensive income	164	268
Total shareholders' equity	3,849	5,091
Total liabilities and shareholders' equity	$ 11,014	$ 14,125

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts - accounts receivable	$ 838	$ 354
Software accumulated amortization	$ 2,735	$ 3,341
Series A cumulative preferred stock, percentage	10.00%	10.00%
Preferred stock series A, par value per share	$ 0.005	$ 0.005
Preferred stock series A, liquidation preference	$ 156	$ 156
Preferred stock series A, shares authorized	156,000	156,000
Preferred stock series A, shares issued	156,000	156,000
Preferred stock series A, shares outstanding	156,000	156,000
Common stock, par value	$ 0.005	$ 0.005
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	2,926,000	2,901,000
Common stock, shares outstanding	2,926,000	2,901,000
Treasury stock, shares	10,000	10,000

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue from contracts with customers
Total revenue from contracts with customers	$ 2,394	$ 4,832
Operating expenses:
Direct operating costs (includes depreciation and amortization of $461 and $651, respectively)	950	1,484
Selling, general and administrative	3,080	3,468
Impairment of capitalized software	138	1
Impairment of goodwill	662
Depreciation and amortization (excluding depreciation and amortization included in direct operating costs)	85	96
Total operating expenses	4,915	5,049
Operating loss	(2,521)	(217)
Other income (expense), net	1,284	(85)
Loss before income taxes	(1,237)	(302)
Benefit (provision) for income taxes	19	(11)
Net loss	$ (1,218)	$ (313)
Net loss per common share - basic and diluted	$ (0.42)	$ (0.11)
Weighted average shares outstanding - basic and diluted	2,901,000	2,866,000
Comprehensive loss
Net loss	$ (1,218)	$ (313)
Foreign currency translation adjustment	(104)	33
Total comprehensive loss	(1,322)	(280)
Subscription Revenue [Member]
Revenue from contracts with customers
Total revenue from contracts with customers	1,999	3,833
Hardware Revenue [Member]
Revenue from contracts with customers
Total revenue from contracts with customers	16	205
Other Revenue [Member]
Revenue from contracts with customers
Total revenue from contracts with customers	$ 379	$ 794

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Depreciation and amortization - part of direct operating costs	$ 461	$ 651

Condensed Consolidated Statemen

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Series A Cumulative Convertible Preferred Stock [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income [Member]	Total
Balance at Dec. 31, 2018	$ 1	$ 14	$ (456)	$ 136,552	$ (129,394)	$ 200	$ 6,917
Balance, shares at Dec. 31, 2018	156,000	2,875,000
Foreign currency translation adjustment						33	33
Net loss					(313)		(313)
Issuance of common stock upon vesting of restricted stock units net of shares withheld for payroll taxes				(5)			(5)
Issuance of common stock upon vesting of restricted stock units net of shares withheld for payroll taxes, shares		3,000
Non-cash stock based compensation				59			59
Balance at Mar. 31, 2019	$ 1	$ 14	(456)	136,606	(129,707)	233	6,691
Balance, shares at Mar. 31, 2019	156,000	2,878,000
Balance at Dec. 31, 2019	$ 1	$ 14	(456)	136,721	(131,457)	268	5,091
Balance, shares at Dec. 31, 2019	156,000	2,901,000
Foreign currency translation adjustment						(104)	(104)
Net loss					(1,218)		(1,218)
Issuance of common stock upon vesting of restricted stock units net of shares withheld for payroll taxes				(3)			(3)
Issuance of common stock upon vesting of restricted stock units net of shares withheld for payroll taxes, shares		3,000
Issuance of Common stock in lieu of cash compensation, net of shares withheld for payroll taxes		$ 1		43			44
Issuance of Common stock in lieu of cash compensation, net of shares withheld for payroll taxes, shares		22,000
Non-cash stock based compensation				39			39
Balance at Mar. 31, 2020	$ 1	$ 15	$ (456)	$ 136,800	$ (132,675)	$ 164	$ 3,849
Balance, shares at Mar. 31, 2020	156,000	2,926,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows (used in) provided by operating activities:
Net loss	$ (1,218)	$ (313)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	546	747
Provision for doubtful accounts	189	30
Amortization of operating lease right-of-use-assets	73	72
Common stock issued for compensation in lieu of cash payment	61
Stock-based compensation	39	59
Gain of asset sale	(1,265)
Loss from the disposition of assets	188	9
Impairment of capitalized software	138	1
Impairment of goodwill	662
Amortization of debt issuance costs	3	3
Changes in assets and liabilities:
Accounts receivable	723	264
Site equipment to be installed	1	87
Operating lease liabilities	(106)	(28)
Prepaid expenses and other assets	(254)	58
Accounts payable and accrued liabilities	(765)	2
Income taxes payable	7	10
Deferred costs	34	(3)
Deferred revenue	(77)	(184)
Other liabilities	(144)	(34)
Net cash (used in) provided by operating activities	(1,165)	780
Cash flows used in investing activities:
Capital expenditures	(19)	(41)
Capitalized software development expenditures	(121)	(355)
Net cash used in investing activities	(140)	(396)
Cash flows provided by (used in) financing activities:
Proceeds from the sale of assets, net	1,166
Payments on long-term debt	(750)	(250)
Debt issuance costs on long-term debt	(3)
Principal payments on finance leases	(5)	(18)
Payroll tax remitted on net share settlement of equity awards	(20)	(5)
Net cash provided by (used in) financing activities	388	(273)
Effect of exchange rate on cash and cash equivalents	(71)	19
Net (decrease) increase in cash, cash equivalents and restricted cash	(988)	130
Cash, cash equivalents and restricted cash at beginning of period	3,409	2,786
Cash, cash equivalents and restricted cash at end of period	2,421	2,916
Supplemental disclosures of cash flow information: Cash paid during the period for:
Interest	37	71
Income taxes		1
Supplemental disclosure of non-cash investing and financing activities:
Site equipment transferred to fixed assets	66	268
Initial measurement of operating lease right-of-use assets and liabilities		3,458
Reconciliation of cash, cash equivalents and restricted cash at end of period:
Cash and cash equivalents	2,221	2,666
Restricted cash	50	50
Restricted cash, long-term	150	200
Total cash, cash equivalents and restricted cash at end of period	$ 2,421	$ 2,916

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	(1) BASIS OF PRESENTATION Description of Business NTN Buzztime, Inc. (the “Company”) was incorporated in Delaware in 1984 as Alroy Industries and changed its corporate name to NTN Communications, Inc. in 1985. The Company changed its name to NTN Buzztime, Inc. in 2005 to better reflect the growing role of the Buzztime consumer brand. The Company delivers interactive entertainment and innovative technology, including performance analytics, to help its customers acquire, engage and retain its patrons. The Company’s tablets and technology offer engaging solutions to establishments with guests who experience dwell time, such as in bars, restaurants, casinos and senior living centers. Casual dining venues subscribe to the Company’s customizable solution to differentiate themselves via competitive fun by offering guests trivia, card, sports and arcade games. The Company’s platform creates connections among the players and venues, and amplifies guests’ positive experiences, and its in-venue TV network creates one of the largest digital out of home advertising audiences in the United States and Canada. The Company also continues to support its legacy network product line, which it calls its Classic platform. The Company generates revenue by charging subscription fees for its service to network subscribers, by leasing tablet platform equipment to certain network subscribers, by selling tablet platform equipment, by hosting live trivia events, by selling advertising aired on in-venue screens and as part of customized games, by licensing its content for use with third-party equipment, from providing professional services (such as developing certain functionality within the Company’s platform for customers), and from pay-to-play arcade games. At March 31, 2020, 1,396 venues in the U.S. and Canada subscribed to the Company’s interactive entertainment network. See Note 2 for more information regarding the impact of COVID-19 on these venues and the Company’s subscription revenues. Basis of Accounting Presentation The accompanying unaudited interim condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying condensed consolidated financial statements include all adjustments that are necessary, which are of a normal and recurring nature, for a fair presentation for the periods presented of the financial position, results of operations and cash flows of the Company and its wholly-owned subsidiaries: IWN, Inc., IWN, L.P., Buzztime Entertainment, Inc., NTN Wireless Communications, Inc., NTN Software Solutions, Inc., NTN Canada, Inc., and NTN Buzztime, Ltd., all of which, other than NTN Canada, Inc., are dormant subsidiaries. All significant intercompany transactions have been eliminated in consolidation. These condensed consolidated financial statements should be read with the audited consolidated financial statements and notes thereto contained in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2019. The accompanying condensed balance sheet as of December 31, 2019 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements. The results of operations for the three months ended March 31, 2020 are not necessarily indicative of the results to be anticipated for the entire year ending December 31, 2020, or any other period. Reclassifications Certain reclassifications have been made to the prior period’s financial statements to conform to the current period presentation. These reclassifications had no effect on previously reported results of operations or retained earnings.

Covid-19 Update

Covid-19 Update	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Covid-19 Update	(2) COVID-19 UPDATE The negative impact of the COVID-19 pandemic on the restaurant and bar industry was abrupt and substantial, and the Company’s business, cash flows from operations and liquidity suffered, and continues to suffer, materially as a result. In many jurisdictions, including those in which the Company has many customers and prospective customers, restaurants and bars have been ordered by the government to shut down or close all on-site dining since the latter half of March 2020. At its peak, approximately 70% of the Company’s customers requested that their subscriptions to the Company’s services be temporarily suspended. As governmental orders and restrictions impacting restaurants and bars are eased or lifted, the Company expects the temporary subscription suspensions to end, however, even in jurisdictions in which such orders and restrictions are eased or lifted, the Company’s customers could request to continue their subscription suspensions if, for example, such customers choose not to re-open despite being permitted to do so. The Company has experienced material decreases in subscription revenue, advertising revenue and cash flows from operations, which it expects to continue for at least as long as the restaurant and bar industry continues to be negatively impacted by the COVID-19 pandemic, and which may continue thereafter if restaurants and bars seek to reduce their operating costs or are unable to re-open even if restrictions within their states are eased or lifted. The Company cannot predict with certainty whether, when or the manner in which the impact of the pandemic will improve, including when restaurants will be permitted to offer on-site dining or when bars will be permitted to re-open or to what degree, when the Company’s customers will re-open, or if they will subscribe to the Company’s service if and when they do, or if and when there will be a resurgence in COVID-19 transmission or infection after the easing or lifting of stay-at-home orders, and if three is, the impact of such resurgence on the Company’s business. Similarly, the Company cannot predict with certainty the duration of the negative effects of the pandemic on its business and liquidity, however, unless in the very near term the Company’s subscription revenue, advertising revenue and cash flows from operations return to pre-pandemic levels and/or the Company raises substantial capital, the amount of time and the amount of cash the Company has to maintain operations and sustain the negative effects of the pandemic is very limited. See Item 2 “—Liquidity and Capital Resources,” and “Item 1A. Risk Factors” in Part II of this report for additional information regarding the impact of the pandemic on our business and outlook. While the Company expects the effects of COVID-19 to negatively impact its future results of operations, cash flows and financial position, the current level of uncertainty over the economic and operational impacts of COVID-19 means the related financial impact cannot be reasonably estimated at this time. The Company’s consolidated financial statements reflect estimates and assumptions made by management that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the consolidated financial statements and reported amounts of revenue and expenses during the reporting periods presented. Such estimates and assumptions affect, among other things, the allowance for doubtful accounts, site equipment to be installed, fixed assets, capitalized software development, goodwill and right-of-use assets. Events and changes in circumstances arising after the issuance of the financial statements as of and for the three months ended March 31, 2020, including those resulting from the impacts of COVID-19, will be reflected in management’s estimates for future periods

Going Concern Uncertainty

Going Concern Uncertainty	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern Uncertainty	(3) GOING CONCERN UNCERTAINTY In connection with preparing its financial statements as of and for the three months ended March 31, 2020, the Company’s management evaluated whether there are conditions or events, considered in the aggregate, that are known and reasonably knowable that would raise substantial doubt about the Company’s ability to continue as a going concern through twelve months after the date that such financial statements are issued. During the three months ended March 31, 2020, the Company incurred a net loss of $1,218,000, and the Company’s current liabilities exceeded its current assets at March 31, 2020 by $87,000. As of March 31, 2020, the Company had $2,221,000 of unrestricted cash and total debt outstanding of $2,000,000, which was the outstanding principal balance of the Company’s term loan with Avidbank. Under the terms of the amendment to the Company’s loan and security agreement that the Company entered into with Avidbank on March 12, 2020, during 2020, the Company will be required to make monthly payments that, if made in accordance with their terms, will result in the Company paying off the term loan by December 31, 2020. See Note 9 for additional information on this term loan. As discussed further in Note 16, subsequent to March 31, 2020, the Company received $1,625,100 loan (the “PPP Loan”) under the Paycheck Protection Program (the “PPP”) of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) administered by the U.S. Small Business Administration. The Company may use funds from the PPP Loan for payroll costs, costs used to continue group health care benefits, mortgage interest payments, rent payments, utility payments, and interest payments on other debt obligations incurred before February 15, 2020. The Company intends to use the entire PPP Loan for qualifying expenses. Under the terms of the PPP, certain amounts of the PPP Loan may be forgiven if they are used for qualifying expenses as described in the CARES Act. No assurance is provided that the Company will obtain forgiveness of the PPP Loan in whole or in part. As a result of the impact of the COVID-19 pandemic on the Company’s business and taking into account its current financial condition and its existing sources of revenue, unless in the very near term the Company’s subscription revenue, advertising revenue and cash flows from operations returns to pre-pandemic levels and/or the Company raises substantial capital, the Company believes it will have sufficient cash resources to pay forecasted cash outlays through October 2020, assuming the Company delivers a significant hardware order as scheduled during the second quarter of 2020, Avidbank does not take actions to foreclose on the Company’s assets in the event the Company becomes out of compliance with its financial covenants, and the Company is able to continue to successfully manage its working capital deficit by managing the timing of payments to its vendors and other third parties. Based on the factors described above, management concluded that there is substantial doubt regarding the Company’s ability to continue as a going concern through the twelve month period subsequent to the issuance date of these financial statements. Management’s plans for addressing the liquidity shortfall include continuing efforts to raise additional capital through equity financings and alternative sources of debt. However, there can be no assurances that the Company will be able to raise sufficient capital when needed, on acceptable terms, or at all. The accompanying consolidated financial statements have been prepared on a going-concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from uncertainty related to the Company’s ability to continue as a going concern.

Restricted Cash

Restricted Cash	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Restricted Cash	(4) RESTRICTED CASH At the commencement date of the Company’s lease for its corporate headquarters on December 1. 2018, the Company’s bank, Avidbank, issued a $250,000 letter of credit to the lessor as security, which amount will be reduced by $50,000 on December 1 of each year beginning on December 1, 2019, provided there has been no default under the lease. Avidbank required the Company to deposit $250,000 in a restricted cash account maintained with the bank, which amount will be reduced as the amount required under the letter of credit is reduced. The Company recorded the $250,000 deposit as restricted cash on its balance sheet, with $50,000 plus any earned interest being recorded in short-term restricted cash and the balance being recorded in long-term restricted cash. The amount deposited in the restricted cash account does not count toward the covenant in the Avidbank loan and security agreement (see Note 9) that requires the Company to have an aggregate amount of unrestricted cash in deposit accounts or securities accounts maintained with Avidbank of not less than $2,000,000 at all times.

Asset Sale

Asset Sale	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Asset Sale	(5) asset sale On January 13, 2020, the Company entered into an asset purchase agreement with Sporcle, Inc., a Delaware corporation (“Sporcle”), pursuant to which the Company agreed to sell to Sporcle all of its assets necessary for Sporcle to conduct the live-hosted knowledge-based trivia events known as Stump! Trivia and OpinioNation for $1,360,000 in gross proceeds. On the closing date of the transaction (January 31, 2020), the Company received $1,260,000. The remaining $100,000 is being held back until the one-year anniversary of the closing date, or January 31, 2021, to satisfy indemnification claims, if any, for which the Company is liable. The hold-back amount is recorded in accounts receivable in the consolidated balance sheet. The Company recorded a net gain of approximately $1,265,000 in January 2020.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2020
Revenue Recognition [Abstract]
Revenue Recognition	(6) Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) No. 606, Revenue from Contracts with Customers 1. Identify the contract(s) with customers 2. Identify the performance obligations 3. Determine the transaction price 4. Allocate the transaction price to the performance obligations 5. Recognize revenue when the performance obligations have been satisfied ASC No. 606 requires revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services. The Company generates revenue by charging subscription fees to partners for access to its 24/7 trivia network, by selling and leasing tablet and hardware equipment for custom usage beyond trivia/entertainment, by selling digital-out-of-home (DOOH) advertising direct to advertisers and on national ad exchanges, by licensing its entertainment and trivia content to other entities, and by providing professional services such as custom game design or development of new platforms on its existing tablet form factor. Up until February 1, 2020, the Company also generated revenue from hosting live trivia events (see Note 5). In general, when multiple performance obligations are present in a customer contract, the transaction price is allocated to the individual performance obligation based on the relative stand-alone selling prices, and the revenue is recognized when or as each performance obligation has been satisfied. Discounts are treated as a reduction to the overall transaction price and allocated to the performance obligations based on the relative stand-alone selling prices. All revenues are recognized net of sales tax collected from the customer. Revenue Streams The Company disaggregates revenue by material revenue stream as follows: Three months ended March 31, 2020 2019 $ % of Total Revenue $ % of Total Revenue $ Change % Change Subscription revenue 1,999,000 83.5 % 3,833,000 79.3 % (1,834,000 ) (47.8 )% Hardware revenue 16,000 0.7 % 205,000 4.2 % (189,000 ) (92.2 )% Other revenue 379,000 15.8 % 794,000 16.5 % (415,000 ) (52.3 )% Total 2,394,000 100.0 % 4,832,000 100.0 % (2,438,000 ) (50.5 )% The following describes how the Company recognizes revenue under ASC No. 606. Subscription Revenue Costs associated with installing the equipment are considered direct costs. Costs associated with sales commissions are considered incremental costs for obtaining the contract because such costs would not have been incurred without obtaining the contract. The Company expects to recover both costs through future fees it collects and both costs are recorded in deferred costs on the balance sheet and amortized on a straight-line basis. For installation costs that are of an amount that is less than or equal to the deferred installation revenue for the related contract, the amortization period approximates the longer of the contract term and the expected term of the customer relationship. For any excess costs that exceed the deferred revenue, the amortization period of the excess cost is the initial term of the contract, which is generally one to two years because the Company can still recover that excess cost in the initial term of the contract. The Company amortizes commissions over the longer of the contract term and the expected term of the customer relationship. Sales-type Lease Revenue Leases. Equipment Sales Advertising Revenue Content Licensing Live-hosted Trivia Revenue Professional Development Revenue Revenue Concentrations The Company’s customers predominantly range from small independently operated bars and restaurants to bars and restaurants operated by national chains. This results in diverse venue sizes and locations. As of March 31, 2019, 2,632 venues in the U.S. and Canada subscribed to the Company’s interactive entertainment network, of which approximately 46% were Buffalo Wild Wings corporate-owned restaurants and its franchisees. As of March 31, 2020, the Company’s site count declined to 1,396 venues primarily due to the termination of its agreements with Buffalo Wild Wings corporate-owned restaurants and most of its franchisees in November 2019 in accordance with their terms. The table below sets forth the approximate amount of revenue the Company generated from Buffalo Wild Wings corporate-owned restaurants and its franchisees during the three months ended March 31, 2020 and 2019, and the percentage of total revenue that such amount represents for such periods: Three months ended March 31, 2020 2019 Buffalo Wild Wings revenue $ 101,719 $ 1,936,000 Percent of total revenue 4 % 40 % As of March 31, 2020 and December 31, 2019, approximately $178,000 and $158,000, respectively, was included in accounts receivable from Buffalo Wild Wings corporate-owned restaurants and its franchisees. The geographic breakdown of the Company’s revenue for the three months ended March 31, 2020 and 2019 were as follows: Three months ended March 31, 2020 2019 United States $ 2,249,000 $ 4,661,000 Canada 145,000 171,000 Total revenue $ 2,394,000 $ 4,832,000 Contract Assets and Liabilities The Company enters into contracts and may recognize contract assets and liabilities that arise from these contracts. The Company recognizes revenue and corresponding cash for customers who auto pay via their bank account or credit card, or the Company recognizes a corresponding accounts receivable for customers the Company invoices. The Company may receive consideration from customers, per the terms of the contract, prior to transferring goods or services to the customer. In such instances, the Company records a contract liability and recognizes the contract liability as revenue when all revenue recognition criteria are met. The table below shows the balance of contract liabilities as of January 1, 2020 and March 31, 2020, including the change during the period. Deferred Revenue Balance at January 1, 2020 $ 460,000 New performance obligations 180,000 Revenue recognized (256,000 ) Balance at March 31, 2020 384,000 Less non-current portion (1,000 ) Current portion at March 31, 2020 $ 383,000 The Company capitalizes installation costs associated with installing equipment in a customer location and sales commissions as a deferred cost asset on the balance sheet. For installation costs that are of an amount that is less than or equal to the deferred installation revenue for the related contract, the amortization period approximates the longer of the contract term and the expected term of the customer relationship. For any excess installation costs that exceed the deferred revenue, the amortization period of the excess cost is the initial term of the contract, which is generally one to two years because the Company can still recover that excess cost in the initial term of the contract. The Company amortizes commission costs over the longer of the contract term and the expected term of the customer relationship. The table below shows the balance of the unamortized installation cost and sales commissions as of January 1, 2020 and March 31, 2020, including the change during the period. Installation Costs Sales Commissions Total Deferred Costs Balance at January 1, 2020 $ 187,000 $ 87,000 $ 274,000 Incremental costs deferred 68,000 53,000 121,000 Deferred costs recognized (92,000 ) (64,000 ) (156,000 ) Balance at March 31, 2020 163,000 76,000 239,000

Basic and Diluted Earnings Per

Basic and Diluted Earnings Per Common Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Common Share	(7) Basic and Diluted Earnings Per Common Share Basic net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period, without consideration of potential common shares. Diluted net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding plus potential common shares. Stock options, restricted stock units, and other convertible securities are considered potential common shares and are included in the calculation of diluted net loss per share using the treasury method when their effect is dilutive. Options, restricted stock units and convertible preferred stock representing approximately 172,000 and 262,000 shares of common stock were excluded from the computations of diluted net loss per common share for the three months ended March 31, 2020 and 2019, respectively, as their effect was anti-dilutive.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2020
Shareholders' Equity
Shareholders' Equity	(8) SHAREHOLDERS’ EQUITY Equity Incentive Plans The Company’s stock-based compensation plans include the NTN Buzztime, Inc. 2019 Performance Incentive Plan (the “2019 Plan”), the NTN Buzztime, Inc. Amended 2010 Performance Incentive Plan (the “2010 Plan”) and the NTN Buzztime, Inc. 2014 Inducement Plan (the “2014 Plan”). The Company’s board of directors designated its nominating and corporate governance/compensation committee as the administrator of the foregoing plans (the “Plan Administrator”). Among other things, the Plan Administrator selects persons to receive awards and determines the number of shares subject to each award and the terms, conditions, performance measures, if any, and other provisions of the award. The 2019 Plan provides for the issuance of up to 240,000 shares of Company common stock. Awards under the 2019 Plan may be granted to officers, directors, employees and consultants of the Company. Stock options granted under the 2019 Plan may either be incentive stock options or nonqualified stock options, have a term of up to ten years, and are exercisable at a price per share not less than the fair market value on the date of grant. As of March 31, 2020, there were stock options to purchase approximately 2,000 shares of common stock and 108,000 restricted stock units outstanding under the 2019 Plan. As a result of stockholder approval of the 2019 Plan in June 2019, no future grants will be made under the 2010 Plan. All awards that are outstanding under the 2010 Plan will continue to be governed by the 2010 Plan until they are exercised or expire in accordance with the terms of the applicable award or the 2010 Plan. As of March 31, 2020, there were stock options to purchase approximately 32,000 shares of common stock and 18,000 restricted stock units outstanding under the 2010 Plan. The 2014 Plan provides for the grant of up to 85,000 share-based awards to a new employee as an inducement material to the new employee entering into employment with the Company and expires in September 2024. As of March 31, 2020, there were no equity grants outstanding under the 2014 Plan. Stock-Based Compensation The Company records stock-based compensation in accordance with ASC No. 718 , Compensation – Stock Compensation. The Company uses the historical stock price volatility as an input to value its stock options under ASC No. 718. The expected term of stock options represents the period of time options are expected to be outstanding and is based on observed historical exercise patterns of the Company, which the Company believes are indicative of future exercise behavior. For the risk-free interest rate, the Company uses the observed interest rates appropriate for the term of time options are expected to be outstanding. The dividend yield assumption is based on the Company’s history and expectation of dividend payouts. The Company did not grant any stock options and no options were exercised during the three months ended March 31, 2020 or 2019. The Company estimates forfeitures, based on historical activity, at the time of grant and revised if necessary in subsequent periods if actual forfeiture rates differ from those estimates. Stock-based compensation expense for employees during the three months ended March 31, 2020 and 2019 was $39,000 and $59,000, respectively, and is expensed in selling, general and administrative expenses and credited to the additional paid-in-capital account. Outstanding restricted stock units (“RSUs”) are settled in an equal number of shares of common stock on the vesting date of the award. An RSU award is settled only to the extent vested. Vesting generally requires the continued employment or service by the award recipient through the respective vesting date. Because RSUs are settled in an equal number of shares of common stock without any offsetting payment by the recipient, the measurement of cost is based on the quoted market price of the stock at the measurement date, which is the grant date. For the three months ended March 31, 2020 and 2019, the Company granted the following awards: Three months ended RSUs Granted Weighted averge grant date fair value per RSU Vesting terms March 31, 2020 153,000 $ 2.43 12.5% every three months from grant date over two years March 31, 2019 47,000 $ 3.72 16.67% on six month anniversary of grant date, then equal monthly installments over following 30 months The following table shows the number of RSUs that vested and were settled during the three months ended March 31, 2020 and 2019, as well as the number of shares of common stock issued upon settlement. In lieu of paying cash to satisfy withholding taxes due upon the settlement of vested RSUs, an employee may elect to have shares of common stock withheld that would otherwise be issued at settlement, the value of which is equal to the amount of withholding taxes payable. Three months ended March 31, 2020 2019 Restricted stock units vested and settled 4,000 4,000 Common stock issued, net of shares withheld 3,000 3,000

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	(9) DEBT Term Loan In September 2018, the Company entered into a loan and security agreement with Avidbank for a 48-month term loan in the amount of $4,000,000, under which the Company was obligated to make monthly principal payments of approximately $83,000 plus accrued and unpaid interest. In February 2020, the Company made a pre-payment on the term loan of approximately $150,000 following the sale of all of the Company’s assets used to conduct the live-hosted knowledge-based trivia events known as Stump! Trivia and OpinioNation in January 2020 (see Note 5). On March 12, 2020, the Company entered into an amendment to the loan and security agreement. In connection with entering into the amendment, the Company made a $433,000 payment on its term loan, which included the $83,333 monthly principal payment plus accrued interest for March 2020 and a $350,000 principal prepayment, thereby reducing the outstanding principal balance of its term loan to $2,000,000 as of March 31, 2020. The Company incurred approximately $26,000 of debt issuance costs related to loan and security agreement and its amendment, of which approximately $3,000 was related to the amendment. The debt issuance costs are being amortized to interest expense using the effective interest rate method over the life of the loan. The unamortized balance of the debt issuance costs as of March 31, 2020 and December 31, 2019 was $10,000 and $11,000, respectively, and is recorded as a reduction of long-term debt. Under the terms of the amendment, the Company’s financial covenants were changed, the maturity date of its term loan was changed from September 28, 2022 to December 31, 2020, and commencing on April 30, 2020, the Company must make principal plus accrued interest payments on the last day of each month, such that its term loan will be repaid by December 31, 2020. The principal payment the Company must make each month will be $125,000 for each of April, May and June, $300,000 for each of July, August, September, October and November, and $125,000 for December. Under the terms of the original loan and security agreement, the Company’s adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”) was required to be at least $1,000,000 for the trailing six-month period as of the last day of each fiscal quarter and the aggregate amount of unrestricted cash it had in deposit accounts or securities accounts maintained with Avidbank must be not less than $2,000,000 at all times. Under the terms of the amendment, the minimum EBITDA covenant was replaced with a monthly minimum asset coverage ratio covenant, which the Company refers to as the ACR covenant, and the minimum liquidity covenant was amended to provide that the aggregate amount of unrestricted cash the Company has in deposit accounts or securities accounts maintained with Avidbank must be at all times not less than the principal balance outstanding under the term loan. Under the ACR covenant, the ratio of (i) the Company’s unrestricted cash at Avidbank as of the last day of a calendar month plus 75% of its outstanding accounts receivable accounts that are within 90 days of invoice date to (ii) the outstanding principal balance of the term loan on such day must be no less than 1.25 to 1.00. As of March 31, 2020, the Company was in compliance with both of those covenants.

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	(10) LEASES On January 1, 2019, the Company adopted ASC No. 842, Leases ASC No. 842 also allows lessees and lessors to elect certain practical expedients. The Company elected the following practical expedients: ● Transitional practical expedients: ○ The Company need not reassess whether any expired or existing contracts are or contain leases. ○ The Company need not reassess the lease classification for any expired or existing leases (that is, all existing leases that were classified as operating leases in accordance with the previous guidance will be classified as operating leases, and all existing leases that were classified as capital leases in accordance with the previous guidance will be classified as finance leases). ○ The Company need not reassess initial direct costs for any existing leases. ● Hindsight practical expedient. The Company elected the hindsight practical expedient in determining the lease term (that is, when considering lessee options to extend or terminate the lease and to purchase the underlying asset) and in assessing impairment of the Company’s right-of-use assets. ● As a lessor, the Company elected to not separate nonlease components from lease components when both of the following are met: ○ The timing and patterns of transfer for the lease component and nonlease component associated with that lease component are the same; and ○ The lease component, if accounted for separately, would be classified as an operating lease. As Lessee The Company has entered into operating leases for office and production facilities and equipment under agreements that expire at various dates through 2026. Certain of these leases contain renewal provisions and escalating rental clauses and generally require the Company to pay utilities, insurance, taxes and other operating expenses. The Company also has property held under finance leases that expire at various dates through 2021. The Company’s leases do not contain any residual value guarantees or material restrictive covenants. Upon adoption of ASC No. 842, the Company recognized on its consolidated balance sheet as of January 1, 2019 an initial measurement of approximately $3,458,000 of operating lease liabilities, and approximately $2,336,000 of corresponding operating right-of use assets, net of tenant improvement allowances. The initial measurement of the finance leases under ASC No. 842 did not have a material change from the balances of the finance lease liabilities and assets recorded prior to the adoption of ASC No. 842. There was also no cumulative effect adjustment to retained earnings as a result of the transition to ASC No. 842. The Company recorded the initial recognition of the operating leases as a supplemental noncash financing activity on the accompanying consolidated statement of cash flows. The adoption of ASC No. 842 did not have a material impact on the Company’s consolidated statement of operations. The tables below show the beginning balances of the operating lease right-of-use assets and liabilities as of January 1, 2019 and the ending balances as of March 31, 2020, including the changes during the periods. Operating lease right-of-use assets Operating lease right-of use assets at January 1, 2020 $ 2,101,000 Amortization of operating lease right-of-use assets (73,000 ) Write-off of right-of-use asset related to asset sale (Note 5) (26,000 ) Operating lease right-of-use assets at March 31, 2020 $ 2,002,000 Operating lease liabilities Operating lease liabilities at January 1, 2020 $ 3,300,000 Principal payments on operating lease liabilities (106,000 ) Write-off of lease liability related to asset sale (Note 5) (27,000 ) Operating lease liabilities at March 31, 2020 3,167,000 Less non-current portion (2,782,000 ) Current portion at March 31, 2020 $ 385,000 As of March 31, 2020, the Company’s operating leases have a weighted-average remaining lease term of 6.0 years and a weighted-average discount rate of 7.25%. The maturities of the operating lease liabilities are as follows: As of March 31, 2020 2020 $ 450,000 2021 613,000 2022 634,000 2023 655,000 2024 670,000 Thereafter 931,000 Total operating lease payments 3,953,000 Less imputed interest (786,000 ) Present value of operating lease liabilities $ 3,167,000 For the three months ended March 31, 2020 and 20198, total lease expense under operating leases was approximately $134,000 and $135,000, respectively, and was recorded in selling, general and administrative expenses. The tables below show the beginning balances of the finance lease right-of-use assets and liabilities as of January 1, 2020 and the ending balances as of March 31, 2020, including the changes during the periods. The Company’s finance lease right-of-use assets are included in “Fixed assets, net” on the accompanying consolidated balance sheet. Finance lease right-of-use assets Finance lease right-of use assets at January 1, 2020 $ 41,000 Depreciation of finance lease right-of-use assets (5,000 ) Finance lease right-of-use assets at March 31, 2020 $ 36,000 Finace lease liabilities Finance lease liabilities at January 1, 2020 $ 41,000 Principal payments on finance lease liabilities as of March 31, 2020 (5,000 ) Finance lease liabilities at March 31, 2020 36,000 Less non-current portion (21,000 ) Current portion at March 31, 2020 $ 15,000 As of March 31, 2020, the Company’s finance leases have a weighted-average remaining lease term of 1.7 years and a weighted-average discount rate of 5.52%. The maturities of the finance lease liabilities are as follows: As of March 31, 2020 2020 17,000 2021 21,000 Total Finance lease payments 38,000 Less imputed interest (2,000 ) Present value of Finance lease liabilities $ 36,000 For the three months ended March 31, 2020 and 2019, total lease costs under finance leases were approximately $6,000 and $22,000, respectively. As Lessor ASC No. 842 did not make fundamental changes to lease accounting guidance for lessors. Therefore there was no financial statement impact due to the adoption of ASC No. 842. As a lessor, the Company has two types of customer contracts that involve leases: right-to-use operating leases and sales-type leases. Right-to-use operating leases. Revenue from Contracts with Customers, Sales-type leases.

Disposition of Site Equipment t

Disposition of Site Equipment to Be Installed and Fixed Assets	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Disposition of Site Equipment to Be Installed and Fixed Assets	(11) DISPOSITION OF SITE EQUIPMENT TO BE INSTALLED AND FIXED ASSETS Site equipment to be installed consists of fixed assets related to the Company’s tablet platform that have not yet been placed in service and are stated at cost. These assets remain in site equipment to be installed until they are deployed at the Company’s customer sites. For tablet platform customers that are under sales-type lease arrangements, the cost of the equipment is recognized in direct costs upon installation. For all other tablet platform customers, the cost of the equipment is reclassified to fixed assets upon installation and depreciated over its estimated useful life. The Company evaluates the recoverability of site equipment to be installed and fixed assets for impairment whenever events or circumstances indicate that the carrying amounts of such assets may not be recoverable. Recoverability is measured by comparing the carrying amount of an asset or asset group to estimated undiscounted future net cash flows expected to be generated. If the carrying amount of the asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying amount exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values, and third-party independent appraisals, as considered necessary. Based on the Company’s on-going review of its equipment in site equipment to be installed and in fixed assets, the Company determined that it would no longer be deploying some of the Company’s older tablets, related cases and card readers. Accordingly, the Company wrote off approximately $188,000 related to this equipment during the three months ended March 31, 2020. The expense associated with this write-off is in direct operating costs in the Company’s consolidated statement of operations. Due to uncertainty of the longer-term impact COVID-19 will have on the Company’s business, the Company did not record any additional equipment write-offs for the three months ended March 31, 2020, but will continue to monitor the recoverability of these assets and recognize any additional write-offs during the period in which it determines that impairment exists.

Software Development Costs

Software Development Costs	3 Months Ended
	Mar. 31, 2020
Research and Development [Abstract]
Software Development Costs	(12) SOFTWARE DEVELOPMENT COSTS The Company capitalizes costs related to developing certain software programs in accordance with ASC No. 350, Intangibles – Goodwill and Other The Company performed its quarterly review of software development projects for the three months ended March 31, 2020 and 2019, and determined to abandon various software development projects that the Company concluded were no longer a current strategic fit or for which it determined that the marketability of the content had decreased due to obtaining additional information regarding the specific industry for which the content was intended. As a result, the Company recognized an impairment of $138,000 and $1,000 for the three months ended March 31, 2020 and 2019, respectively. Impairment of capitalized software is shown separately on the Company’s consolidated statement of operations. Due to uncertainty of the longer-term impact COVID-19 will have on the Company’s business, the Company did not record any additional software development impairment charges for the three months ended March 31, 2020, but will continue to monitor the recoverability of these assets and recognize any additional write-offs during the period in which it determines that impairment exists.

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	(13) GOODWILL The Company’s goodwill balance of $696,000 as of December 31, 2019 relates to the excess of costs over the fair value of assets the Company acquired in 2003 related to its Canadian business (the “Reporting Unit”). In the Company’s evaluation of impairment indicators as of March 31, 2020, it determined that the uncertainty relating to COVID-19’s impact on the Reporting Unit’s future operating results represented an indicator of impairment. Accordingly, the Company compared the estimated fair value of the Reporting Unit to its carrying value at March 31, 2020, determined that a full impairment loss was warranted and recognized an impairment charge of $662,000 for the three months ended March 31, 2020. There was no goodwill impairment recorded for the three months ended March 31, 2019. In addition to the impairment loss recognized, fluctuations in the amount of goodwill shown on the accompanying balance sheets can occur due to changes in the foreign currency exchange rates used when translating NTN Canada’s financial statement from Canadian dollars to US dollars during consolidation. The following table shows the changes in the carrying amount of goodwill for the three months ended March 31, 2020. Goodwill balance at January 1, 2020 $ 696,000 Effects of foreign currency (34,000 ) Goodwill impairment (662,000 ) Goodwill balance at March 31, 2020 $ -

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2020
Shareholders' Equity
Accumulated Other Comprehensive Income	(14) ACCUMULATED OTHER COMPREHENSIVE INCOME The United States dollar is the Company’s functional currency, except for its operations in Canada where the functional currency is the Canadian dollar. The financial position and results of operations of the Company’s foreign subsidiaries are measured using the foreign subsidiary’s local currency as the functional currency. In accordance with ASC No. 830, Foreign Currency Matters

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	(15) RECENT ACCOUNTING PRONOUNCEMENTS In December 2019, the Financial Accounting Standards Board (the “FASB”) issued ASU No. 2019-12, Income Taxes (Topic 740) – Simplifying the Accounting for Income Taxes. In November 2019, the FASB issued ASU No. 2019-08, Compensation – Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606) In November 2018, the FASB issued ASU No. 2018-18, Collaborative Arrangements (Topic 808): Clarifying the Interaction between Topic 808 and Topic 606. In August 2018, the FASB issued ASU No. 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Event	(16) SUBSEQUENT EVENT Paycheck Protection Program Loan On April 18, 2020, the Company issued a note in the principal amount of $1,625,100 to Level One Bank evidencing the PPP Loan the Company received under CARES Act administered by the U.S. Small Business Administration. The PPP Loan matures on April 18, 2022 and bears interest at a rate of 1.0% per annum. The Company must make monthly interest only payments beginning on November 18, 2020. One final payment of all unforgiven principal plus any accrued unpaid interest is due at maturity. Under the terms of the PPP, the Company may prepay the PPP Loan at any time with no prepayment penalties. The Company may use funds from the PPP Loan for payroll costs, costs used to continue group health care benefits, mortgage interest payments, rent payments, utility payments, and interest payments on other debt obligations incurred before February 15, 2020. The Company intends to use the entire PPP Loan for qualifying expenses. Under the terms of the PPP, certain amounts of the PPP Loan may be forgiven if they are used for qualifying expenses as described in the CARES Act. No assurance is provided that the Company will obtain forgiveness of the loan in whole or in part.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue Recognition [Abstract]
Schedule of Disaggregates Material Revenue	The Company disaggregates revenue by material revenue stream as follows: Three months ended March 31, 2020 2019 $ % of Total Revenue $ % of Total Revenue $ Change % Change Subscription revenue 1,999,000 83.5 % 3,833,000 79.3 % (1,834,000 ) (47.8 )% Hardware revenue 16,000 0.7 % 205,000 4.2 % (189,000 ) (92.2 )% Other revenue 379,000 15.8 % 794,000 16.5 % (415,000 ) (52.3 )% Total 2,394,000 100.0 % 4,832,000 100.0 % (2,438,000 ) (50.5 )% The table below sets forth the approximate amount of revenue the Company generated from Buffalo Wild Wings corporate-owned restaurants and its franchisees during the three months ended March 31, 2020 and 2019, and the percentage of total revenue that such amount represents for such periods: Three months ended March 31, 2020 2019 Buffalo Wild Wings revenue $ 101,719 $ 1,936,000 Percent of total revenue 4 % 40 %
Schedule of Revenues Geographic Breakdown	The geographic breakdown of the Company’s revenue for the three months ended March 31, 2020 and 2019 were as follows: Three months ended March 31, 2020 2019 United States $ 2,249,000 $ 4,661,000 Canada 145,000 171,000 Total revenue $ 2,394,000 $ 4,832,000
Schedule of Contract Liabilities	The table below shows the balance of contract liabilities as of January 1, 2020 and March 31, 2020, including the change during the period. Deferred Revenue Balance at January 1, 2020 $ 460,000 New performance obligations 180,000 Revenue recognized (256,000 ) Balance at March 31, 2020 384,000 Less non-current portion (1,000 ) Current portion at March 31, 2020 $ 383,000
Schedule of Unamortized Installation Cost and Sales Commissions	The table below shows the balance of the unamortized installation cost and sales commissions as of January 1, 2020 and March 31, 2020, including the change during the period. Installation Costs Sales Commissions Total Deferred Costs Balance at January 1, 2020 $ 187,000 $ 87,000 $ 274,000 Incremental costs deferred 68,000 53,000 121,000 Deferred costs recognized (92,000 ) (64,000 ) (156,000 ) Balance at March 31, 2020 163,000 76,000 239,000

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2020
Shareholders' Equity
Summary of Restricted Stock Unit Activity	Outstanding restricted stock units (“RSUs”) are settled in an equal number of shares of common stock on the vesting date of the award. An RSU award is settled only to the extent vested. Vesting generally requires the continued employment or service by the award recipient through the respective vesting date. Because RSUs are settled in an equal number of shares of common stock without any offsetting payment by the recipient, the measurement of cost is based on the quoted market price of the stock at the measurement date, which is the grant date. For the three months ended March 31, 2020 and 2019, the Company granted the following awards: Three months ended RSUs Granted Weighted averge grant date fair value per RSU Vesting terms March 31, 2020 153,000 $ 2.43 12.5% every three months from grant date over two years March 31, 2019 47,000 $ 3.72 16.67% on six month anniversary of grant date, then equal monthly installments over following 30 months
Schedule of Restricted Stock and Common Stock Unit Vested	The following table shows the number of RSUs that vested and were settled during the three months ended March 31, 2020 and 2019, as well as the number of shares of common stock issued upon settlement. In lieu of paying cash to satisfy withholding taxes due upon the settlement of vested RSUs, an employee may elect to have shares of common stock withheld that would otherwise be issued at settlement, the value of which is equal to the amount of withholding taxes payable. Three months ended March 31, 2020 2019 Restricted stock units vested and settled 4,000 4,000 Common stock issued, net of shares withheld 3,000 3,000

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Schedule of Operating Lease Right-of-use Assets and Liabilities	The tables below show the beginning balances of the operating lease right-of-use assets and liabilities as of January 1, 2019 and the ending balances as of March 31, 2020, including the changes during the periods. Operating lease right-of-use assets Operating lease right-of use assets at January 1, 2020 $ 2,101,000 Amortization of operating lease right-of-use assets (73,000 ) Write-off of right-of-use asset related to asset sale (Note 5) (26,000 ) Operating lease right-of-use assets at March 31, 2020 $ 2,002,000 Operating lease liabilities Operating lease liabilities at January 1, 2020 $ 3,300,000 Principal payments on operating lease liabilities (106,000 ) Write-off of lease liability related to asset sale (Note 5) (27,000 ) Operating lease liabilities at March 31, 2020 3,167,000 Less non-current portion (2,782,000 ) Current portion at March 31, 2020 $ 385,000
Schedule of Maturities of Operating Leases	As of March 31, 2020, the Company’s operating leases have a weighted-average remaining lease term of 6.0 years and a weighted-average discount rate of 7.25%. The maturities of the operating lease liabilities are as follows: As of March 31, 2020 2020 $ 450,000 2021 613,000 2022 634,000 2023 655,000 2024 670,000 Thereafter 931,000 Total operating lease payments 3,953,000 Less imputed interest (786,000 ) Present value of operating lease liabilities $ 3,167,000
Schedule of Financing Lease Right-of-use Assets and Liabilities	The Company’s finance lease right-of-use assets are included in “Fixed assets, net” on the accompanying consolidated balance sheet. Finance lease right-of-use assets Finance lease right-of use assets at January 1, 2020 $ 41,000 Depreciation of finance lease right-of-use assets (5,000 ) Finance lease right-of-use assets at March 31, 2020 $ 36,000 Finace lease liabilities Finance lease liabilities at January 1, 2020 $ 41,000 Principal payments on finance lease liabilities as of March 31, 2020 (5,000 ) Finance lease liabilities at March 31, 2020 36,000 Less non-current portion (21,000 ) Current portion at March 31, 2020 $ 15,000
Schedule of Maturities of Financing Leases	As of March 31, 2020, the Company’s finance leases have a weighted-average remaining lease term of 1.7 years and a weighted-average discount rate of 5.52%. The maturities of the finance lease liabilities are as follows: As of March 31, 2020 2020 17,000 2021 21,000 Total Finance lease payments 38,000 Less imputed interest (2,000 ) Present value of Finance lease liabilities $ 36,000

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table shows the changes in the carrying amount of goodwill for the three months ended March 31, 2020. Goodwill balance at January 1, 2020 $ 696,000 Effects of foreign currency (34,000 ) Goodwill impairment (662,000 ) Goodwill balance at March 31, 2020 $ -

Organization of Company (Detail

Organization of Company (Details Narrative)	3 Months Ended
	Mar. 31, 2020Number
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of venues	1,396

Going Concern Uncertainty (Deta

Going Concern Uncertainty (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Apr. 18, 2020
Net loss	$ (1,218,000)	$ (313,000)
Working capital deficit	87,000
Subsequent Event [Member] | Paycheck Protection Program [Member]
Debt instrument principal amount			$ 1,625,100
Avid Bank Term Loan [Member]
Unrestricted cash	2,221,000
Debt instrument principal amount	$ 2,000,000

Restricted Cash (Details Narrat

Restricted Cash (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Restricted cash	$ 50		$ 50
Short-term restricted cash	50	$ 50
Loan and Security Agreement [Member] | Avidbank [Member] | Minimum [Member]
Aggregate amount of unrestricted cash to be maintained	2,000
Avidbank [Member]
Line of credit facility	250
Reduction in line of credit facility	50
Deposit	250
Restricted cash	250
Short-term restricted cash	$ 50

Asset Sale (Details Narrative)

Asset Sale (Details Narrative) - USD ($) $ in Thousands	Jan. 13, 2020	Jan. 31, 2020	Mar. 31, 2020	Mar. 31, 2019
Gain on sale of asset			$ 1,265
Asset Purchase Agreement [Member] | Sporcle, Inc [Member]
Proceeds from sale of asset	$ 1,360	$ 1,260
Remaining amount	$ 100
Sales, description	The remaining $100,000 is being held back until the one-year anniversary of the close date, or January 31, 2021.

Revenue Recognition - (Details

Revenue Recognition - (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Accounts receivable	$ 383	$ 1,195
Buffalo Wild Wing [Member]
Owned percentage	46.00%
Accounts receivable	$ 178		$ 158

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Disaggregates Material Revenue (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Total Revenue	$ 2,394,000	$ 4,832,000
Percent of total revenue	100.00%	100.00%
Change in revenue	$ (2,438,000)
Change in revenue percentage	(50.50%)
Buffalo Wild Wing [Member]
Total Revenue	$ 101,719	$ 1,936,000
Percent of total revenue	4.00%	40.00%
Subscription Revenue [Member]
Total Revenue	$ 1,999,000	$ 3,833,000
Percent of total revenue	83.50%	79.30%
Change in revenue	$ (1,834,000)
Change in revenue percentage	(47.80%)
Hardware Revenue [Member]
Total Revenue	$ 16,000	$ 205,000
Percent of total revenue	0.70%	4.20%
Change in revenue	$ (189,000)
Change in revenue percentage	(92.20%)
Other Revenue [Member]
Total Revenue	$ 379,000	$ 794,000
Percent of total revenue	15.80%	16.50%
Change in revenue	$ (415,000)
Change in revenue percentage	(52.30%)

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Revenues Geographic Breakdown (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Total Revenue	$ 2,394	$ 4,832
United States [Member]
Total Revenue	2,249	4,661
Canada [Member]
Total Revenue	$ 145	$ 171

Revenue Recognition - Schedul_3

Revenue Recognition - Schedule of Contract Liabilities (Details)	3 Months Ended
	Mar. 31, 2020USD ($)
Revenue Recognition [Abstract]
Balance at January 1, 2020	$ 460,000
New performance obligations	180,000
Revenue recognized	(256,000)
Balance at March 31, 2020	384,000
Less non-current portion	(1,000)
Current portion	$ 383,000

Revenue Recognition - Schedul_4

Revenue Recognition - Schedule of Unamortized Installation Cost and Sales Commissions (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Balance at January 1, 2020	$ 274
Incremental costs deferred	121
Deferred costs recognized	(156)
Balance at March 31, 2020	239
Installation Cost [Member]
Balance at January 1, 2020	187
Incremental costs deferred	68
Deferred costs recognized	(92)
Balance at March 31, 2020	163
Sales Commissions [Member]
Balance at January 1, 2020	87
Incremental costs deferred	53
Deferred costs recognized	(64)
Balance at March 31, 2020	$ 76

Basic and Diluted Earnings Pe_2

Basic and Diluted Earnings Per Common Share (Details Narrative) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Antidilutive shares excluded from earnings per share	172,000	262,000

Shareholders' Equity (Details N

Shareholders' Equity (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share based compensation	$ 39	$ 59
2019 Performance Incentive Plan [Member]
Stock option granted terms description	Stock options granted under the 2019 Plan may either be incentive stock options or nonqualified stock options, have a term of up to ten years, and are exercisable at a price per share not less than the fair market value on the date of grant.
2019 Performance Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]
Stock option to purchase common stock	108,000
2019 Performance Incentive Plan [Member] | Common Stock [Member]
Stock option to purchase common stock	2,000
2019 Performance Incentive Plan [Member] | Maximum [Member]
Number of option available for grants	240,000
2010 Performance Incentive Plan [Member] | Common Stock [Member]
Stock option to purchase common stock	32,000
2010 Performance Incentive Plan [Member] | Restricted Stock Units [Member]
Stock option to purchase common stock	18,000
2014 Plan [Member]
Stock option to purchase common stock	85,000
Share-based awards, expiration date	Sep. 30, 2024

Shareholders' Equity - Schedule

Shareholders' Equity - Schedule of Restricted Stock Units and Weighted Average Grant Fair Value (Details) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Shareholders' Equity
Restricted stock units, granted	153,000	47,000
Weighted average grant date fair value per RSU	$ 2.43	$ 3.72
Vesting terms	12.5% every three months from grant date over two years	16.67% on six month anniversary of grant date, then equal monthly installments over following 30 months

Shareholders' Equity - Schedu_2

Shareholders' Equity - Schedule of Restricted Stock and Common Stock Unit Vested (Details) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Shareholders' Equity
Restricted stock units vested and settled	4,000	4,000
Common stock issued, net of shares withheld	3,000	3,000

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)	Mar. 12, 2020	Feb. 29, 2020	Sep. 30, 2018	Mar. 31, 2020	Dec. 31, 2019
Avidbank [Member]
Prepayment of debt		$ 150,000
Avidbank [Member]
Debt issuance costs			$ 3,000
Loan and Security Agreement [Member]
Unamortized debt issuance costs				$ 10,000	$ 11,000
Loan and Security Agreement [Member] | Avid Bank Term Loan [Member]
Debt instrument monthly principal payments	$ 83,333
Prepayment of debt	350,000
Payment of debt	433,000
Debt instrument, reducing the outstanding principal balance				$ 2,000,000
Debt maturity date description				The maturity date of its term loan was changed from September 28, 2022 to December 31, 2020
Debt description				Under the terms of the original loan and security agreement, the Company's adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA") was required to be at least $1,000,000 for the trailing six-month period as of the last day of each fiscal quarter and the aggregate amount of unrestricted cash it had in deposit accounts or securities accounts maintained with Avidbank must be not less than $2,000,000 at all times.
Accounts receivable percentage				75.00%
Debt covenant description				Under the ACR covenant, the ratio of (i) the Company's unrestricted cash at Avidbank as of the last day of a calendar month plus 75% of its outstanding accounts receivable accounts that are within 90 days of invoice date to (ii) the outstanding principal balance of the term loan on such day must be no less than 1.25 to 1.00. As of March 31, 2020, the Company was in compliance with both of those covenants.
Loan and Security Agreement [Member] | Avid Bank Term Loan [Member] | April 2020 [Member]
Debt instrument monthly principal payments	125,000
Loan and Security Agreement [Member] | Avid Bank Term Loan [Member] | May 2020 [Member]
Debt instrument monthly principal payments	125,000
Loan and Security Agreement [Member] | Avid Bank Term Loan [Member] | June 2020 [Member]
Debt instrument monthly principal payments	125,000
Loan and Security Agreement [Member] | Avid Bank Term Loan [Member] | July 2020 [Member]
Debt instrument monthly principal payments	300,000
Loan and Security Agreement [Member] | Avid Bank Term Loan [Member] | August 2020 [Member]
Debt instrument monthly principal payments	300,000
Loan and Security Agreement [Member] | Avid Bank Term Loan [Member] | September 2020 [Member]
Debt instrument monthly principal payments	300,000
Loan and Security Agreement [Member] | Avid Bank Term Loan [Member] | October 2020 [Member]
Debt instrument monthly principal payments	300,000
Loan and Security Agreement [Member] | Avid Bank Term Loan [Member] | November 2020 [Member]
Debt instrument monthly principal payments	300,000
Loan and Security Agreement [Member] | Avid Bank Term Loan [Member] | December 2020 [Member]
Debt instrument monthly principal payments	$ 125,000
Loan and Security Agreement [Member] | Avidbank [Member]
Term of loan			48 months
Term loan amount			$ 4,000,000
Debt instrument monthly principal payments			83,000
Debt issuance costs			$ 26,000

Leases (Details Narrative)

Leases (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Jan. 02, 2019
Operating leases description	The Company has entered into operating leases for office and production facilities and equipment under agreements that expire at various dates through 2026.
Financing leases description	The Company also has property held under finance leases that expire at various dates through 2021.
Operating lease liabilities	$ 3,167		$ 3,300	$ 3,458
Operating lease right-of-use assets	$ 2,002		$ 2,101	$ 2,336
Operating leases weighted-average remaining lease term	6 years
Operating leases weighted-average discount rate lease	7.25%
Financing leases weighted-average remaining lease term	1 year 8 months 12 days
Financing leases weighted-average discount rate lease	5.52%
Financing lease cost	$ 6	$ 22
Selling, General and Administrative Expenses [Member]
Operating lease expense	$ 134	$ 135

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Right-of-use Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Operating lease right-of-use assets, Beginning	$ 2,101
Amortization of operating lease right-of-use assets	(73)	$ (72)
Write-off of right-of-use asset related to asset sale (Note 5)	(26)
Operating lease right-of-use assets, Ending	2,002
Operating lease liabilities, Beginning	3,300
Principal payments on operating lease liabilities	(106)
Write-off of lease liability related to asset sale (Note 5)	(27)
Operating lease liabilities, Ending	3,167
Less non-current portion	(2,782)
Current portion at March 31, 2020	$ 385

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Jan. 02, 2019
Leases [Abstract]
2020	$ 450
2021	613
2022	634
2023	655
2024	670
Thereafter	931
Total operating lease payments	3,953
Less imputed interest	(786)
Present value of operating lease liabilities	$ 3,167	$ 3,300	$ 3,458

Leases - Schedule of Financing

Leases - Schedule of Financing Lease Right-of-use Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Finance lease right-of use assets at January 1, 2020	$ 41
Depreciation of finance lease right-of-use assets	(5)
Finance lease right-of-use assets at March 31, 2020	36
Finance lease liabilities at January 1, 2020	41
Principal payments on finance lease liabilities as of March 31, 2020	(5)	$ (18)
Finance lease liabilities at March 31, 2020	36
Less non-current portion	15
Current portion at March 31, 2020	$ (21)

Leases - Schedule of Maturiti_2

Leases - Schedule of Maturities of Financing Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
2020	$ 17
2021	21
Total Finance lease payments	38
Less imputed interest	(2)
Present value of Finance lease liabilities	$ 36	$ 41

Disposition of Site Equipment_2

Disposition of Site Equipment to Be Installed and Fixed Assets (Details Narrative) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Property, Plant and Equipment [Abstract]
Write off equipment	$ 188

Software Development Costs (Det

Software Development Costs (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Software Development Costs Abstract
Amortization of capitalized software development costs	$ 149,000	$ 97,000
Capitalized software development costs	144,000	177,000
Impairment of capitalized software	$ 138,000	$ 1,000

Goodwill (Details Narrative)

Goodwill (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill balance			$ 696
Impairment loss on goodwill	$ 662

Goodwill - Schedule of Goodwill

Goodwill - Schedule of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill balance at January 1, 2020	$ 696
Effects of Foreign Currency	(34)
Goodwill impairment	(662)
Goodwill balance at March 31, 2020

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Shareholders' Equity
Accumulated foreign currency translation adjustments	$ 164	$ 268

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member] - Paycheck Protection Program [Member]	Apr. 18, 2020USD ($)
Debt instrument, principal amount	$ 1,625,100
Debt maturity date	Apr. 18, 2022
Debt instrument, interest rate	1.00%