Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2020 | Aug. 14, 2020 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2020 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 33-20111 | |
Entity Registrant Name | SPYR, Inc. | |
Entity Central Index Key | 0000829325 | |
Entity Tax Identification Number | 75-2636283 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 4643 S. Ulster St. | |
Entity Address, Address Line Two | Suite 1510 | |
Entity Address, City or Town | Denver | |
Entity Address, State or Province | CO | |
Entity Address, Country | US | |
Entity Address, Postal Zip Code | 80237 | |
City Area Code | 303 | |
Local Phone Number | 991-8000 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 202,130,131 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2020 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Current Assets: | ||
Cash and cash equivalents | $ 13,000 | $ 10,000 |
Accounts receivable, net | 14,000 | 77,000 |
Prepaid expenses | 2,000 | 15,000 |
Trading securities, at market value | 2,000 | 1,000 |
Total Current Assets | 31,000 | 103,000 |
Property and equipment, net | 41,000 | 59,000 |
Capitalized gaming assets and licensing rights, net | 100,000 | 100,000 |
Intangible assets, net | 5,000 | 6,000 |
Operating lease right-of-use asset | 45,000 | 80,000 |
Other assets | 13,000 | 13,000 |
TOTAL ASSETS | 235,000 | 361,000 |
Current Liabilities: | ||
Accounts payable and accrued liabilities | 2,083,000 | 1,834,000 |
Related party short-term advances | 1,149,000 | 1,115,000 |
Related party line of credit | 1,168,000 | 1,134,000 |
Convertible notes payable, net | 570,000 | 550,000 |
SBA PPP Note Payable, current portion | 28,000 | |
Operating lease liability - current portion | 23,000 | 92,000 |
Current liabilities of discontinued operations | 22,000 | 22,000 |
Total Current Liabilities | 5,043,000 | 4,747,000 |
SBA PPP Note Payable | 43,000 | |
Operating lease liability | 54,000 | |
Total Liabilities | 5,140,000 | 4,747,000 |
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of June 30, 2020 and December 31, 2019, 20,000 Class E shares issued and outstanding as of June 30, 2020 and December 31, 2019 | 13 | 13 |
Common stock, $0.0001 par value, 750,000,000 shares authorized 202,130,131 and 200,880,131 shares issued and outstanding as of June 30, 2020 and December 31, 2019 | 20,213 | 20,088 |
Additional paid-in capital | 53,534,774 | 53,509,899 |
Accumulated deficit | (58,460,000) | (57,916,000) |
Total Stockholders' Equity (Deficit) | (4,905,000) | (4,386,000) |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | 235,000 | 361,000 |
Preferred Class A [Member] | ||
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of June 30, 2020 and December 31, 2019, 20,000 Class E shares issued and outstanding as of June 30, 2020 and December 31, 2019 | 11 | 11 |
Total Stockholders' Equity (Deficit) | 11 | 11 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | 11 | 11 |
Preferred Class E [Member] | ||
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of June 30, 2020 and December 31, 2019, 20,000 Class E shares issued and outstanding as of June 30, 2020 and December 31, 2019 | 2 | 2 |
Total Stockholders' Equity (Deficit) | 2 | 2 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $ 2 | $ 2 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2020 | Dec. 31, 2019 |
Preferred stock, par value per share | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, par value per share | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 750,000,000 | 750,000,000 |
Common stock, shares issued | 202,130,131 | 200,880,131 |
Common stock, shares outstanding | 202,130,131 | 200,880,131 |
Preferred Class A [Member] | ||
Preferred stock, par value per share | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 107,636 | 107,636 |
Preferred stock, shares outstanding | 107,636 | 107,636 |
Preferred Class E [Member] | ||
Preferred stock, par value per share | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 20,000 | 20,000 |
Preferred stock, shares outstanding | 20,000 | 20,000 |
Condensed Consolidated Statemen
Condensed Consolidated Statements Of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Income Statement [Abstract] | ||||
Revenues | $ 9,000 | $ 3,000 | $ 34,000 | |
Related party service revenues | 185,000 | 52,000 | ||
Gross Margin | 9,000 | 188,000 | 86,000 | |
Expenses | ||||
Labor and related expenses | 151,000 | 195,000 | 336,000 | 521,000 |
Rent | 28,000 | 36,000 | 65,000 | 74,000 |
Depreciation and amortization | 9,000 | 11,000 | 19,000 | 22,000 |
Professional fees | 11,000 | 16,000 | 53,000 | 66,000 |
Research and development | 9,000 | 26,000 | ||
Other general and administrative | 69,000 | 84,000 | 154,000 | 164,000 |
Total Operating Expenses | 268,000 | 351,000 | 627,000 | 873,000 |
Operating Loss | (268,000) | (342,000) | (439,000) | (787,000) |
Other Expense | ||||
Interest Expense | 55,000 | 187,000 | 110,000 | 190,000 |
Gain on disposition of assets | 1,000 | 1,000 | ||
SBA EIDL grant | (3,000) | (3,000) | ||
Unrealized gain (loss) on trading securities | 2,000 | 1,000 | (2,000) | |
Total Other Expense | (49,000) | (187,000) | (105,000) | (192,000) |
Net Loss | $ (317,000) | $ (529,000) | $ (544,000) | $ (979,000) |
Net Loss | ||||
Basic and Diluted earnings per share | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted Average Common Shares | ||||
Basic and Diluted | 202,130,131 | 199,697,988 | 201,910,351 | 199,405,960 |
Consolidated Statements Of Chan
Consolidated Statements Of Changes In Stockholders' Equity (Deficit) (Unaudited) - USD ($) | Preferred Class A [Member] | Preferred Class E [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] | Total |
Balance preferred stock, shares at Dec. 31, 2018 | 107,636 | 20,000 | ||||
Balance common stock, shares at Dec. 31, 2018 | 198,305,131 | |||||
Balance, value at Dec. 31, 2018 | $ 11 | $ 2 | $ 19,830 | $ 53,265,157 | $ (55,951,000) | $ (2,666,000) |
Fair value of common stock issued for employee compensation, shares | 1,250,000 | |||||
Fair value of common stock issued for employee compensation, value | $ 125 | 130,875 | 131,000 | |||
Net loss | (450,000) | (450,000) | ||||
Balance preferred stock , shares at Mar. 31, 2019 | 107,636 | 20,000 | ||||
Balance common stock, shares at Mar. 31, 2019 | 199,555,131 | |||||
Balance, value at Mar. 31, 2019 | $ 11 | $ 2 | $ 19,955 | 53,396,032 | (56,401,000) | (2,985,000) |
Balance preferred stock, shares at Dec. 31, 2018 | 107,636 | 20,000 | ||||
Balance common stock, shares at Dec. 31, 2018 | 198,305,131 | |||||
Balance, value at Dec. 31, 2018 | $ 11 | $ 2 | $ 19,830 | 53,265,157 | (55,951,000) | (2,666,000) |
Net loss | (979,000) | |||||
Balance preferred stock , shares at Jun. 30, 2019 | 107,636 | 20,000 | ||||
Balance common stock, shares at Jun. 30, 2019 | 200,055,131 | |||||
Balance, value at Jun. 30, 2019 | $ 11 | $ 2 | $ 20,005 | 53,445,982 | (56,930,000) | (3,464,000) |
Balance preferred stock, shares at Mar. 31, 2019 | 107,636 | 20,000 | ||||
Balance common stock, shares at Mar. 31, 2019 | 199,555,131 | |||||
Balance, value at Mar. 31, 2019 | $ 11 | $ 2 | $ 19,955 | 53,396,032 | (56,401,000) | (2,985,000) |
Fair value of common stock issued for conversion of notes payable, shares | 500,000 | |||||
Fair value of common stock issued for conversion of notes payable, value | $ 50 | 49,950 | 50,000 | |||
Net loss | (529,000) | (529,000) | ||||
Balance preferred stock , shares at Jun. 30, 2019 | 107,636 | 20,000 | ||||
Balance common stock, shares at Jun. 30, 2019 | 200,055,131 | |||||
Balance, value at Jun. 30, 2019 | $ 11 | $ 2 | $ 20,005 | 53,445,982 | (56,930,000) | $ (3,464,000) |
Balance preferred stock, shares at Dec. 31, 2019 | 107,636 | 20,000 | ||||
Balance common stock, shares at Dec. 31, 2019 | 200,880,131 | 200,880,131 | ||||
Balance, value at Dec. 31, 2019 | $ 11 | $ 2 | $ 20,088 | 53,509,899 | (57,916,000) | $ (4,386,000) |
Fair value of common stock issued for employee compensation, shares | 1,250,000 | |||||
Fair value of common stock issued for employee compensation, value | $ 125 | 24,875 | 25,000 | |||
Net loss | (227,000) | (227,000) | ||||
Balance preferred stock , shares at Mar. 31, 2020 | 107,636 | 20,000 | ||||
Balance common stock, shares at Mar. 31, 2020 | 202,130,131 | |||||
Balance, value at Mar. 31, 2020 | $ 11 | $ 2 | $ 20,213 | 53,534,774 | (58,143,000) | $ (4,588,000) |
Balance preferred stock, shares at Dec. 31, 2019 | 107,636 | 20,000 | ||||
Balance common stock, shares at Dec. 31, 2019 | 200,880,131 | 200,880,131 | ||||
Balance, value at Dec. 31, 2019 | $ 11 | $ 2 | $ 20,088 | 53,509,899 | (57,916,000) | $ (4,386,000) |
Net loss | $ (544,000) | |||||
Balance preferred stock , shares at Jun. 30, 2020 | 107,636 | 20,000 | ||||
Balance common stock, shares at Jun. 30, 2020 | 202,130,131 | 202,130,131 | ||||
Balance, value at Jun. 30, 2020 | $ 11 | $ 2 | $ 20,213 | 53,534,774 | (58,460,000) | $ (4,905,000) |
Balance preferred stock, shares at Mar. 31, 2020 | 107,636 | 20,000 | ||||
Balance common stock, shares at Mar. 31, 2020 | 202,130,131 | |||||
Balance, value at Mar. 31, 2020 | $ 11 | $ 2 | $ 20,213 | 53,534,774 | (58,143,000) | (4,588,000) |
Net loss | (317,000) | $ (317,000) | ||||
Balance preferred stock , shares at Jun. 30, 2020 | 107,636 | 20,000 | ||||
Balance common stock, shares at Jun. 30, 2020 | 202,130,131 | 202,130,131 | ||||
Balance, value at Jun. 30, 2020 | $ 11 | $ 2 | $ 20,213 | $ 53,534,774 | $ (58,460,000) | $ (4,905,000) |
Consolidated Statements Of Cash
Consolidated Statements Of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2020 | Jun. 30, 2019 | |
Cash Flows From Operating Activities: | ||
Net loss | $ (544,000) | $ (979,000) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation and amortization | 19,000 | 22,000 |
Common stock issued for employee compensation | 25,000 | 131,000 |
Amortization of debt discount on convertible notes payable | 62,000 | |
SBA EIDL grant | (3,000) | |
Unrealized (gain) loss on trading securities | 1,000 | (2,000) |
Changes in operating assets and liabilities: | ||
Decrease in accounts receivables | (63,000) | (38,000) |
Decrease in prepaid expenses | (13,000) | (3,000) |
(Increase) Decrease in operating lease right-of-use asset | 20,000 | (4,000) |
Increase in accounts payable and accrued liabilities | 249,000 | 39,000 |
Increase in accrued interest on short-term advances - related party | 34,000 | 16,000 |
Increase in accrued interest on line of credit - related party | 34,000 | 33,000 |
Increase in accrued interest and liquidated damages on convertible notes | 20,000 | 147,000 |
Net Cash Used in Operating Activities | (71,000) | (490,000) |
Cash Flows From Investing Activities: | ||
Purchase of property and equipment | 5,000 | |
Sale of property and equipment | 5,000 | |
Net Cash Used in Investing Activities | ||
Cash Flows From Financing Activities: | ||
Proceeds from short-term advances - related party | 489,000 | |
Proceeds from SBA EIDL grant | 3,000 | |
Proceeds from SBA PPP note payable | 71,000 | |
Net Cash Provided by Financing Activities | 74,000 | 489,000 |
Net increase (decrease) in Cash, cash equivalents, and restricted cash | 3,000 | (1,000) |
Cash, cash equivalents, and restricted cash at beginning of period | 10,000 | 24,000 |
Cash, cash equivalents, and restricted cash at end of period | 13,000 | 23,000 |
Supplemental Disclosure of Interest and Income Taxes Paid: | ||
Interest paid during the year | 1,000 | |
Income taxes paid during the year | ||
Supplemental Disclosure of Non-cash Investing and Financing Activities: | ||
Partial conversion of notes payable to common stock | $ 50,000 |
Organization And Summary Of Sig
Organization And Summary Of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2020 | |
Organization And Summary Of Significant Accounting Policies | |
Organization and Summary of Significant Accounting Policies | NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Interim Financial Statements The accompanying condensed consolidated financial statements of SPYR, Inc. and subsidiaries (the “Company”) are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the 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 filed with the SEC. The condensed consolidated balance sheet as of December 31, 2019 included herein was derived from the audited consolidated financial statements as of that date, but does not include all disclosures, including notes, required by GAAP. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments necessary to fairly present the Company's financial position and results of operations for the interim periods reflected. Except as noted, all adjustments contained herein are of a normal recurring nature. Results of operations for the fiscal periods presented herein are not necessarily indicative of fiscal year-end results. Principles of Consolidation The consolidated financial statements include the accounts of SPYR, Inc. and its wholly-owned subsidiaries, SPYR APPS, LLC, a Nevada Limited Liability Company, E.A.J.: PHL, Airport Inc., a Pennsylvania corporation (discontinued operations, see Note 7), and Branded Foods Concepts, Inc., a Nevada corporation. Intercompany accounts and transactions have been eliminated. Going Concern The accompanying financial statements have been prepared under the assumption that the Company will continue as a going concern. Such assumption contemplates the realization of assets and satisfaction of liabilities in the normal course of business, however, the issues described below raise substantial doubt about the Company's ability to do so. As shown in the accompanying financial statements, for the six months ended June 30, 2020, the Company recorded a net loss from continuing operations of $544,000 and have current liabilities of $5,043,000. As of June 30, 2020, our cash balance was $13,000. These issues raise substantial doubt about the Company's ability to continue as a going concern. The Company intends to utilize cash on hand, shareholder loans and other forms of financing such as the sale of additional equity and debt securities, capital leases and other credit facilities to conduct its ongoing business, and to also conduct strategic business development, marketing analysis, due diligence investigations into possible acquisitions, and software development costs and implementation of our business plans generally. The Company also plans to diversify, through acquisition or otherwise, in other unrelated business areas and is exploring opportunities to do so. Historically, we have financed our operations primarily through sales of our common stock and debt financing. If our financing goals for our products do not materialize as planned and The ability of the Company to continue as a going concern is dependent upon the success of future capital offerings or alternative financing arrangements and expansion of its operations. The accompanying financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. Management is actively pursuing additional sources of financing sufficient to generate enough cash flow to fund its operations through calendar year 2020. However, management cannot make any assurances that such financing will be secured. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates and assumptions used by management affected impairment analysis for trading securities, fixed assets, intangible assets, capitalized licensing rights, amounts of potential liabilities, and valuation of issuance of equity securities. Actual results could differ from those estimates. Earnings (Loss) Per Share The basic and fully diluted shares for the three months ended June 30, 2020 are the same because the inclusion of the potential shares (Class A – 26,909,028, Class E – 1,852,538, Options – 8,999,900, Warrants – 9,000,000) would have had an anti-dilutive effect due to the Company generating a loss for the three months ended June 30, 2020. The basic and fully diluted shares for the three months ended June 30, 2019 are the same because the inclusion of the potential shares (Class A – 26,909,028, Class E – 1,107,420, Options – 12,449,900, Warrants – 9,000,000) would have had an anti-dilutive effect due to the Company generating a loss for the three months ended June 30, 2019. The basic and fully diluted shares for the six months ended June 30, 2020 are the same because the inclusion of the potential shares (Class A – 26,909,028, Class E – 1,852,538, Options – 8,999,900, Warrants – 9,000,000) would have had an anti-dilutive effect due to the Company generating a loss for the six months ended June 30, 2020. The basic and fully diluted shares for the six months ended June 30, 2019 are the same because the inclusion of the potential shares (Class A – 26,909,028, Class E – 1,107,420, Options – 12,449,900, Warrants – 9,000,000) would have had an anti-dilutive effect due to the Company generating a loss for the six months ended June 30, 2019. Capitalized Gaming Assets and Licensing Rights As of June 30, 2020, the Company's capitalized gaming assets consist of Battlewack: Idle Lords which requires additional development before it can be released. As such, the Company does not expect amortization expense related to capitalized gaming assets and licensing rights until existing or future gaming assets, through development or acquisition, are placed into service. Software Development Costs Costs incurred for software development are expensed as incurred. During the six months ended June 30, 2020 and 2019, the Company incurred $0 and $26,000 in software development costs paid to independent gaming software developers. Accounts Receivable The following is a summary of receivables at June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Game revenue due from in app purchases, net of app store fees and allowance for doubtful accounts $ 14,000 $ 27,000 Game revenue due from in app advertising — — Related party professional service revenues — 50,000 Other Receivables — — Total Accounts Receivable $ 14,000 $ 77,000 Accounts receivable are carried at their estimated collectible amounts and are not subject to any interest or finance charges. Allowance for Doubtful Accounts The Company evaluates the collectability of accounts receivable based on a combination of factors. In cases where the Company becomes aware of circumstances that may impair a specific customer's ability to meet its financial obligations subsequent to the original sale, the Company will recognize an allowance against amounts due, and thereby reduce the net recognized receivable to the amount the Company reasonably believes will be collected. For all other customers, the Company recognizes an allowance for doubtful accounts based on the length of time the receivables are past due and consideration of other factors such as industry conditions, the current business environment and the Company's historical payment experience. An allowance for doubtful accounts is established as losses are estimated to have occurred through a provision for bad debts charged to earnings. This evaluation is inherently subjective and requires estimates that are susceptible to significant revisions as more information becomes available. As of June 30, 2020, management has recorded an allowance for doubtful accounts in the amount of approximately $12,000. Concentration of Credit Risk The Company has no significant off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements. The Company maintains the majority of its cash balances with financial institutions, in the form of demand deposits. The Company believes that no significant concentration of credit risk exists with respect to these cash balances because of its assessment of the creditworthiness and financial viability of the financial institutions. The Company grants credit to its game revenue and service revenue customers. The Company typically does not require collateral from customers. Credit risk is limited due to the financial strength of the customers comprising the Company's customer. The Company monitors exposure of credit losses and maintains allowances for anticipated losses considered necessary under the circumstances (See “Allowance for Doubtful Accounts” above). Major Customers The Company had two related party customers who comprised 0% and 98% of net revenue during the six months ended June 30, 2020, and 60% and 0% of net revenue during the six months ended June 30, 2019. The loss of these customers would adversely impact the business of the Company. Net Revenue % Gross Accounts Receivable Six Months Ended June 30, Six Months Ended June 30, As of June 30, As of December 31, 2020 2019 2020 2019 Customer A 0 % 60 % $ — $ — Customer B 98 % 0 % — 50,000 Total 98 % 60 % $ — $ 50,000 Recent Accounting Standards The recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future consolidated financial statements. |
Related Party Transactions
Related Party Transactions | 6 Months Ended |
Jun. 30, 2020 | |
Debt Disclosure [Abstract] | |
Related Party Transactions | NOTE 2 - RELATED PARTY TRANSACTIONS During 2017, the Company obtained a revolving line of credit from Berkshire Capital Management Co., Inc. Berkshire is controlled by Joseph Fiore, majority shareholder and former chairman of the board of directors of the Company. The line of credit allows the Company to borrow up to $1,000,000 with interest at 6% per annum. The loan is secured by a first lien on all the assets of the Company and its wholly owned subsidiary SPYR APPS, LLC. Repayment on the loan is due December 31, 2020. As of June 30, 2020, the Company has borrowed $1,000,000 and accrued interest of $168,000. During 2018 and 2019 the Company received $1,062,000 in the form of short-term advances from Berkshire Capital Management Co., Inc. The short-term advances are due upon demand. Interest on the short-term advances has been accrued at 6% per annum through June 30, 2020 in the amount of $87,000 for a total balance due as of June 30, 2020 of $1,149,000. During the six months ended June 30, 2019, the Company, received $52,000 in revenue for professional services rendered to a related Company whose directors are also officers of SPYR, Inc. and whose majority shareholder is Berkshire Capital Management Co., Inc. During the six months ended June 30, 2020, the Company, received $185,000 in revenue for professional services rendered to Berkshire Capital Management Co., Inc. |
Convertible Notes
Convertible Notes | 6 Months Ended |
Jun. 30, 2020 | |
Debt Disclosure [Abstract] | |
Convertible Notes | NOTE 3 – CONVERTIBLE NOTES On April 20, 2018, (modified May 22, 2018) the Company issued a $165,000 (originally $158,000) convertible note with original issue discount (OID) of $15,000 and bearing interest at 8% per annum. The amended maturity date of the note was June 1, 2019 and was convertible on or after October 17, 2018 into the Company's restricted common stock at $0.20 per share at the holder's request. The OID is recorded as a discount to the debt agreement. The Company determined the note to contain a beneficial conversion feature valued as $104,000 based on the intrinsic per share value of the conversion feature. This beneficial conversion feature was recorded as a discount to the debt agreement. The noteholder was also granted detachable 3-year warrants to purchase 200,000 shares of the company's restricted common stock at an exercise price of $0.375 per share, 200,000 shares of the company's restricted common stock at an exercise price of $0.50 per share, and 100,000 shares of the company's restricted common stock at an exercise price of $0.625 per share. The warrants were valued at $126,000 using the Black-Scholes pricing model and were recorded as a discount to the debt agreement. The noteholder was also issued 116,000 shares of the company's restricted common stock valued at $34,000 based upon the closing price of the Company stock on the date of the modified agreement and recorded as a discount to the debt agreement. On May 10, 2019, the Company amended the note to extend the due date to June 1, 2019, provide for a partial conversion of $25,000 of the outstanding principal balance into common shares of the Company at a conversion price of $0.10 per share for a total of 250,000 shares, and waive any prior alleged or actual defaults under the note. The note is in default for late payment. The Company has accrued approximately $134,000 in interest and liquidated damages for this note through June 30, 2020. At June 30, 2020 and December 31, 2019, the principal balance together with total accrued interest and liquidated damages is recorded on the Company's consolidated balance sheet net of discounts at $274,000 and $254,000, respectively. On May 22, 2018, the Company issued a $275,000 convertible note with original issue discount (OID) of $25,000 and bearing a one-time interest charge at 8%. The amended maturity date of the note was December 31, 2019 and is convertible into the Company's restricted common stock at $0.25 per share at the holder's request. The OID is recorded as a discount to the debt agreement. The Company determined the note to contain a beneficial conversion feature valued as $40,000 based on the intrinsic per share value of the conversion feature. This beneficial conversion feature was recorded as a discount to the debt agreement. The noteholder was also granted detachable 5-year warrants to purchase 500,000 shares of the company's restricted common stock at an exercise price of $2.00 per share. The warrants were valued at $45,000 using the Black-Scholes pricing model and were recorded as a discount to the debt agreement. The noteholder was also issued 200,000 shares of the company's restricted common stock valued at $58,000 based upon the closing price of the Company stock on the date of the agreement and recorded as a discount to the debt agreement. On May 10, 2019, the Company amended the note to extend the due date to September 1, 2019, provide for a partial conversion of $25,000 of the outstanding principal balance into common shares of the Company at a conversion price of $0.10 per share for a total of 250,000 shares, and waive any prior alleged or actual defaults under the note. On October 11, 2019, the Company amended the note to extend the due date to December 31, 2019, provide for a partial conversion of $50,000 of the outstanding principal balance into common shares of the Company at a conversion price of $0.10 per share for a total of 500,000 shares, and waive any prior alleged or actual defaults under the note. The Company has accrued approximately $96,000 in interest and liquidated damages for this note through June 30, 2020. At June 30, 2020 and December 31, 2019, the principal balance together with total accrued interest and liquidated damages is recorded on the Company's consolidated balance sheet net of discounts at $296,000 and $296,000, respectively. The following table summarized the Company's convertible notes payable as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Beginning Balance $ 550,000 $ 432,000 Proceeds from the issuance of convertible notes, net of issuance discounts — — Repayments — — Conversion of notes payable into common stock — (100,000 ) Amortization of discounts — 62,000 Liquidated damages 7,000 134,000 Accrued Interest 13,000 22,000 Convertible notes payable, net $ 570,000 $ 550,000 Convertible notes, short term $ 340,000 $ 340,000 Accrued interest and damages $ 230,000 $ 210,000 Debt discounts $ — $ — |
Long Term Debt
Long Term Debt | 6 Months Ended |
Jun. 30, 2020 | |
Long Term Debt | |
Long Term - Debt | NOTE 4 - LONG TERM-DEBT On May 12, 2020 the Company received a Paycheck Protection Program loan from the U.S. Small Business Administration in the approximate amount of $71,000. The loan agreement provides for six months principal and interest deferral. The interest rate is 1%. Under the terms of the loan, up to 100% of the loan may be forgiven conditioned upon meeting certain requirements for the use of funds. Any amount not forgiven must be repaid in eighteen monthly consecutive principal and interest payments beginning December 2020. As of June 30, 2020, the balance due on this note was approximately $71,000. |
Commitments And Contingencies
Commitments And Contingencies | 6 Months Ended |
Jun. 30, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | NOTE 5 – COMMITMENTS AND CONTINGENCIES Operating Leases The Company leases approximately 5,169 square feet at 4643 South Ulster Street, Denver, Colorado pursuant to an amended lease dated May 21, 2015 and expiring on December 31, 2020. Under the lease, the Company pays annual base rent on an escalating scale ranging from $143,000 to $152,000. On May 1, 2020, the Company entered into an amended lease agreement with its landlord. Under the terms of the amendment, the landlord agreed to waive rent, certain rent adjustments and parking for the period April 1, 2020 through June 30, 2020 and extend the term of the lease by three months. On July 29, 2020, the Company entered into another amended lease agreement with its landlord. Under the terms of the amendment, the landlord agreed to waive rent, certain rent adjustments and parking for the period July 1, 2020 through August 31, 2020 and extend the term of the lease by two months. As a result of these amendments, the lease term date, which was December 31, 2020, is now May 31, 2021. In addition, the due date of certain other rent adjustments due April 8, 2020 was deferred. The rent adjustments of approximately $5,000 were due 50% on June 1, 2020 and 50% on July 1, 2020. Legal Proceedings We are involved in certain legal proceedings that arise from time to time in the ordinary course of our business. Except for income tax contingencies, we record accruals for contingencies to the extent that our management concludes that the occurrence is probable and that the related amounts of loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. Information about material legal proceedings follows: Settlements On June 18, 2018 the Company was named as a defendant in a case filed in the United States District Court for the Southern District of New York: Securities and Exchange Commission vs. Joseph A. Fiore, Berkshire Capital Management Co., Inc., and Eat at Joe's, Ltd. n/k/a SPYR, Inc.(“Defendants”). Joseph A. Fiore was the Chairman of our Board of Directors and is a significant shareholder. Mr. Fiore resigned from his positions as Chairman of the Board and as a Director of the Company effective August 1, 2018. The suit alleged that Mr. Fiore, during 2013 and 2014, while he was the Company's Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors, engaged in improper conduct on behalf of the defendants named in the case related to the Company's sales of securities in Plandai Biotechnology, Inc. The Commission alleged that Mr. Fiore and the Company unlawfully benefited through the sales of those securities. The Commission also alleged that from 2013 to 2014, the Company's primary business was investing and that it failed to register as an investment company, resulting in an alleged violation of Section 7(a) of the Investment Company Act of 1940. The suit sought to disgorge Joseph A. Fiore, Berkshire Capital Management Co., Inc., and the Company of alleged profits on the sale of the securities and civil fines related to the Company's failure to register as an investment company with the Commission. Pursuant to a settlement agreement among the parties, on April 14, 2020, final judgment was entered in the case: Securities and Exchange Commission vs. Joseph A. Fiore, Berkshire Capital Management, Inc. and Eat at Joes, Inc., n/k/a SPYR, Inc. On April 23, 2020, Joseph Fiore/Berkshire Capital Management, Inc. satisfied the Company's joint and several liability obligation by paying to the Commission the agreed upon sum of Two Million Dollars pursuant to a settlement agreement between Joseph Fiore/Berkshire Capital Management, Inc. and the Company, which settlement agreement was entered into on April 15, 2020. The Company has until April 14, 2021 to satisfy its remaining financial obligation to the Commission, an agreed upon civil penalty of Five Hundred Thousand Dollars ($500,000). The $500,000 liability is reported as part of accounts payable and accrued liabilities on the accompanying condensed consolidated balance sheets as of June 30, 2020 and December 31, 2019 and was recorded as litigation settlement costs on the consolidated statements of operations on the Company's form 10K for the year ended December 31, 2019. In electing to settle with the Commission, the Company neither admitted nor denied liability to any of the Commission's allegations in its complaint, and in consideration for the Commission discontinuing its action, the Company, along with the two other defendants Joseph Fiore and Berkshire Capital Management agreed to be jointly and severally liable for disgorgement of profits and prejudgment interest in the amount of two million dollars, and to each be solely liable to pay a civil penalty in the amount of five hundred thousand dollars. [1] Judgments On or about January 24, 2019, SPYR APPS, LLC entered into an agreement with one of its vendors, Shatter Storm Studios, to whom it owed $84,250 for artwork related to the Steven Universe game. Pursuant to the terms of that agreement, SPYR APPS, LLC needed to make payment in the amount of $85,000 to cover the principal owed and attorneys' fees together plus 6% interest in that amount by December 1, 2019. Should SPYR APPS, LLC not make the required payment on or before December 1, 2019, it consented to entry of judgment in favor of Shatter Storm Studios for the amount owed. SPYR APPS, LLC did not make the payment and on January 27, 2020 Shatter Storm Studios initiated Case No. 1:200cv-00217 in the U.S. District Court for the District of Colorado seeking entry of the consent judgment against SPYR APPS, LLC. The judgment was not contested by SPYR APPS, LLC and judgment in the amount of $85,000 plus post judgment interest at the rate of 6% was entered on March 17, 2020. The $85,000 plus accrued interest and attorneys' fees has been reported as part of accounts payable and accrued liabilities. The balance due as of June 30, 2020 and December 31, 2019 was approximately $91,000 and $90,000, respectively. [1] Covid-19 On January 30, 2020, the World Health Organization declared the coronavirus outbreak a "Public Health Emergency of International Concern" and on March 10, 2020, declared it to be a pandemic. Actions taken around the world to help mitigate the spread of the coronavirus include restrictions on travel, and quarantines in certain areas, and forced closures for certain types of public places and businesses. The coronavirus and actions taken to mitigate it have had and are expected to continue to have an adverse impact on the economies and financial markets of many countries, including the geographical area in which the Company operates. While it is unknown how long these conditions will last and what the complete financial effect will be to the company, the Company is anticipating potential reductions in revenue, labor and supply shortages, difficulty meeting debt covenants, delays in collecting accounts receivable and paying liabilities and changes in the fair value of assets and liabilities. Our concentrations due to major customers and the necessity for fund raising activities make it reasonably possible that we are vulnerable to the risk of a near-term severe impact. Additionally, it is reasonably possible that estimates made in the financial statements have been, or will be, materially and adversely impacted in the near term as a result of these conditions, including potential credit losses on receivables and investments; impairment losses related to capitalized gaming assets and other long-lived assets; and contingent obligations. |
Equity Transactions
Equity Transactions | 6 Months Ended |
Jun. 30, 2020 | |
Equity [Abstract] | |
Equity Transactions | NOTE 6 – EQUITY TRANSACTIONS Common Stock: Six Months Ended June 30, 2019 During the six months ended June 30, 2019, the Company issued an aggregate of 1,250,000 shares of restricted common stock to employees with a total fair value of $131,000 for services rendered. The shares issued are non-refundable and deemed earned upon issuance. As a result, the Company expensed the entire $131,000 upon issuance. The shares issued were valued at the date earned under the respective agreement based upon closing market price of the Company's common stock. Six Months Ended June 30, 2020 During the six months ended June 30, 2020, the Company issued an aggregate of 1,250,000 shares of restricted common stock to employees with a total fair value of $25,000 for services rendered. The shares issued are non-refundable and deemed earned upon issuance. As a result, the Company expensed the entire $25,000 upon issuance. The shares issued were valued at the date earned under the respective agreement based upon closing market price of the Company's common stock. Options: The following table summarizes common stock options activity: Weighted Average Exercise Options Price December 31, 2019 9,299,900 $ 0.57 Granted — — Exercised — — Expired (300,000 ) 1.00 Outstanding, June 30, 2020 8,999,900 $ 0.56 Exercisable, June 30, 2020 8,999,900 $ 0.56 The weighted average exercise prices, remaining lives for options granted, and exercisable as of June 30, 2020 were as follows: Outstanding Options Exercisable Options Options Weighted Weighted Exercise Price Life Average Exercise Average Exercise Per Share Shares (Years) Price Shares Price $0.50 8,000,000 0.17 $0.50 8,000,000 $0.50 $1.00 999,900 0.07 – 1.61 $1.00 999,900 $1.00 8,999,900 $0.56 8,999,900 $0.56 At June 30, 2020, the Company's closing stock price was $0.05 per share. As all outstanding options had an exercise price greater than $0.05 per share, there was no intrinsic value of the options outstanding at June 30, 2020. Warrants: The following table summarizes common stock warrants activity: Weighted Average Exercise Warrants Price Outstanding, December 31, 2019 9,000,000 $ 0.46 Granted — — Exercised — — Forfeited — — Outstanding, June 30, 2020 9,000,000 $ 0.46 Exercisable, June 30, 2020 9,000,000 $ 0.46 The weighted average exercise prices, remaining lives for warrants granted, and exercisable as of June 30, 2020, were as follows: Outstanding and Exercisable Warrants Warrants Exercise Price Life Per Share Shares (Years) $ 0.01 600,000 0.50 $ 0.15 1,200,000 0.53 $ 0.25 1,000,000 3.03 $ 0.375 200,000 0.81 $ 0.40 1,200,000 0.53 $ 0.50 3,000,000 0.33 – 3.03 $ 0.625 100,000 0.81 $ 0.75 1,250,000 0.91 – 3.03 $ 1.00 250,000 0.91 $ 2.00 200,000 2.89 9,000,000 At June 30, 2020, the Company's closing stock price was $0.05 per share. The Company had 600,000 warrants outstanding with exercise prices less than $0.01 with an intrinsic value of $24,000 at June 30, 2020. Shares Reserved: At June 30, 2020, the Company has reserved 30,000,000 shares of common stock in connection with 2 convertible notes with detachable warrants and 3,500,000 shares of common stock in connection with the court approved settlement agreement for a total of 33,500,000 reserved shares of common stock. |
Discontinued Operations
Discontinued Operations | 6 Months Ended |
Jun. 30, 2020 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Discontinued Operations | NOTE 7 – DISCONTINUED OPERATIONS Restaurant Through our other wholly owned subsidiary, E.A.J.: PHL Airport, Inc., we owned and operated the restaurant “Eat at Joe's®,” which was located in the Philadelphia International Airport since 1997. Our lease in the Philadelphia Airport expired in April 2017. Concurrent with expiration of the lease the restaurant closed. Pursuant to current accounting guidelines, the restaurant segment is reported as discontinued operations. The assets and liabilities of our discontinued restaurant segment's discontinued operations as of June 30, 2020 and December 31, 2019 consisted of $0 assets and $22,000 in accounts payable and accrued liabilities. There were no operations for our discontinued restaurant segment during the six months ended June 30, 2020 and 2019. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2020 | |
Accounting Policies [Abstract] | |
Subsequent Events | NOTE 8 – SUBSEQUENT EVENTS On July 23, 2020, the Company amended the related party revolving line of credit from Berkshire Capital Management Co., Inc. to extend the due date to December 31, 2020. On May 1, 2020, the Company entered into an amended lease agreement with its landlord. Under the terms of the amendment, the landlord agreed to waive rent, certain rent adjustments and parking for the period April 1, 2020 through June 30, 2020 and extend the term of the lease by three months. On July 29, 2020, the Company entered into another amended lease agreement with its landlord. Under the terms of the amendment, the landlord agreed to waive rent, certain rent adjustments and parking for the period July 1, 2020 through August 31, 2020 and extend the term of the lease by two months. As a result of these amendments, the lease term date, which was December 31, 2020, is now May 31, 2021. |
Organization And Summary Of S_2
Organization And Summary Of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2020 | |
Disclosure Organization And Summary Of Significant Accounting Policies Policies Abstract | |
Interim Financial Statements | Interim Financial Statements The accompanying condensed consolidated financial statements of SPYR, Inc. and subsidiaries (the “Company”) are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the 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 filed with the SEC. The condensed consolidated balance sheet as of December 31, 2019 included herein was derived from the audited consolidated financial statements as of that date, but does not include all disclosures, including notes, required by GAAP. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments necessary to fairly present the Company's financial position and results of operations for the interim periods reflected. Except as noted, all adjustments contained herein are of a normal recurring nature. Results of operations for the fiscal periods presented herein are not necessarily indicative of fiscal year-end results. |
Principles of Consolidation | Principles of Consolidation The consolidated financial statements include the accounts of SPYR, Inc. and its wholly-owned subsidiaries, SPYR APPS, LLC, a Nevada Limited Liability Company, E.A.J.: PHL, Airport Inc., a Pennsylvania corporation (discontinued operations, see Note 7), and Branded Foods Concepts, Inc., a Nevada corporation. Intercompany accounts and transactions have been eliminated. |
Going Concern | Going Concern The accompanying financial statements have been prepared under the assumption that the Company will continue as a going concern. Such assumption contemplates the realization of assets and satisfaction of liabilities in the normal course of business, however, the issues described below raise substantial doubt about the Company's ability to do so. As shown in the accompanying financial statements, for the six months ended June 30, 2020, the Company recorded a net loss from continuing operations of $544,000 and have current liabilities of $5,043,000. As of June 30, 2020, our cash balance was $13,000. These issues raise substantial doubt about the Company's ability to continue as a going concern. The Company intends to utilize cash on hand, shareholder loans and other forms of financing such as the sale of additional equity and debt securities, capital leases and other credit facilities to conduct its ongoing business, and to also conduct strategic business development, marketing analysis, due diligence investigations into possible acquisitions, and software development costs and implementation of our business plans generally. The Company also plans to diversify, through acquisition or otherwise, in other unrelated business areas and is exploring opportunities to do so. Historically, we have financed our operations primarily through sales of our common stock and debt financing. If our financing goals for our products do not materialize as planned and The ability of the Company to continue as a going concern is dependent upon the success of future capital offerings or alternative financing arrangements and expansion of its operations. The accompanying financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. Management is actively pursuing additional sources of financing sufficient to generate enough cash flow to fund its operations through calendar year 2020. However, management cannot make any assurances that such financing will be secured. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates and assumptions used by management affected impairment analysis for trading securities, fixed assets, intangible assets, capitalized licensing rights, amounts of potential liabilities, and valuation of issuance of equity securities. Actual results could differ from those estimates. |
Earnings (Loss) Per Share | Earnings (Loss) Per Share The basic and fully diluted shares for the three months ended June 30, 2020 are the same because the inclusion of the potential shares (Class A – 26,909,028, Class E – 1,852,538, Options – 8,999,900, Warrants – 9,000,000) would have had an anti-dilutive effect due to the Company generating a loss for the three months ended June 30, 2020. The basic and fully diluted shares for the three months ended June 30, 2019 are the same because the inclusion of the potential shares (Class A – 26,909,028, Class E – 1,107,420, Options – 12,449,900, Warrants – 9,000,000) would have had an anti-dilutive effect due to the Company generating a loss for the three months ended June 30, 2019. The basic and fully diluted shares for the six months ended June 30, 2020 are the same because the inclusion of the potential shares (Class A – 26,909,028, Class E – 1,852,538, Options – 8,999,900, Warrants – 9,000,000) would have had an anti-dilutive effect due to the Company generating a loss for the six months ended June 30, 2020. The basic and fully diluted shares for the six months ended June 30, 2019 are the same because the inclusion of the potential shares (Class A – 26,909,028, Class E – 1,107,420, Options – 12,449,900, Warrants – 9,000,000) would have had an anti-dilutive effect due to the Company generating a loss for the six months ended June 30, 2019. |
Capitalized Gaming Assets and Licensing Rights | Capitalized Gaming Assets and Licensing Rights As of June 30, 2020, the Company's capitalized gaming assets consist of Battlewack: Idle Lords which requires additional development before it can be released. As such, the Company does not expect amortization expense related to capitalized gaming assets and licensing rights until existing or future gaming assets, through development or acquisition, are placed into service. |
Software Development Costs | Software Development Costs Costs incurred for software development are expensed as incurred. During the six months ended June 30, 2020 and 2019, the Company incurred $0 and $26,000 in software development costs paid to independent gaming software developers. |
Account Receivable | Accounts Receivable The following is a summary of receivables at June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Game revenue due from in app purchases, net of app store fees and allowance for doubtful accounts $ 14,000 $ 27,000 Game revenue due from in app advertising — — Related party professional service revenues — 50,000 Other Receivables — — Total Accounts Receivable $ 14,000 $ 77,000 Accounts receivable are carried at their estimated collectible amounts and are not subject to any interest or finance charges. |
Allowance for Doubtful Accounts | Allowance for Doubtful Accounts The Company evaluates the collectability of accounts receivable based on a combination of factors. In cases where the Company becomes aware of circumstances that may impair a specific customer's ability to meet its financial obligations subsequent to the original sale, the Company will recognize an allowance against amounts due, and thereby reduce the net recognized receivable to the amount the Company reasonably believes will be collected. For all other customers, the Company recognizes an allowance for doubtful accounts based on the length of time the receivables are past due and consideration of other factors such as industry conditions, the current business environment and the Company's historical payment experience. An allowance for doubtful accounts is established as losses are estimated to have occurred through a provision for bad debts charged to earnings. This evaluation is inherently subjective and requires estimates that are susceptible to significant revisions as more information becomes available. As of June 30, 2020, management has recorded an allowance for doubtful accounts in the amount of approximately $12,000. |
Concentration of Credit Risk | Concentration of Credit Risk The Company has no significant off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements. The Company maintains the majority of its cash balances with financial institutions, in the form of demand deposits. The Company believes that no significant concentration of credit risk exists with respect to these cash balances because of its assessment of the creditworthiness and financial viability of the financial institutions. The Company grants credit to its game revenue and service revenue customers. The Company typically does not require collateral from customers. Credit risk is limited due to the financial strength of the customers comprising the Company's customer. The Company monitors exposure of credit losses and maintains allowances for anticipated losses considered necessary under the circumstances (See “Allowance for Doubtful Accounts” above). Major Customers The Company had two related party customers who comprised 0% and 98% of net revenue during the six months ended June 30, 2020, and 60% and 0% of net revenue during the six months ended June 30, 2019. The loss of these customers would adversely impact the business of the Company. Net Revenue % Gross Accounts Receivable Six Months Ended June 30, Six Months Ended June 30, As of June 30, As of December 31, 2020 2019 2020 2019 Customer A 0 % 60 % $ — $ — Customer B 98 % 0 % — 50,000 Total 98 % 60 % $ — $ 50,000 |
Recent Accounting Standards | Recent Accounting Standards The recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future consolidated financial statements. |
Organziation And Summary Of Sig
Organziation And Summary Of Significiant Accounting Policies (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Organziation And Summary Of Significiant Accounting Policies | |
Summary of Accounts Receivables | The following is a summary of receivables at June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Game revenue due from in app purchases, net of app store fees and allowance for doubtful accounts $ 14,000 $ 27,000 Game revenue due from in app advertising — — Related party professional service revenues — 50,000 Other Receivables — — Total Accounts Receivable $ 14,000 $ 77,000 |
Summary of Concentration of Credit Risk | The Company had two related party customers who comprised 0% and 98% of net revenue during the six months ended June 30, 2020, and 60% and 0% of net revenue during the six months ended June 30, 2019. The loss of these customers would adversely impact the business of the Company. Net Revenue % Gross Accounts Receivable Six Months Ended June 30, Six Months Ended June 30, As of June 30, As of December 31, 2020 2019 2020 2019 Customer A 0 % 60 % $ — $ — Customer B 98 % 0 % — 50,000 Total 98 % 60 % $ — $ 50,000 |
Convertible Notes (Tables)
Convertible Notes (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Disclosure Segment Reporting Details Abstract | |
Summary of Convertible Notes Payable | The following table summarized the Company's convertible notes payable as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Beginning Balance $ 550,000 $ 432,000 Proceeds from the issuance of convertible notes, net of issuance discounts — — Repayments — — Conversion of notes payable into common stock — (100,000 ) Amortization of discounts — 62,000 Liquidated damages 7,000 134,000 Accrued Interest 13,000 22,000 Convertible notes payable, net $ 570,000 $ 550,000 Convertible notes, short term $ 340,000 $ 340,000 Accrued interest and damages $ 230,000 $ 210,000 Debt discounts $ — $ — |
Equity Transactions (Tables)
Equity Transactions (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Disclosure Common Stock Transactions Tables Abstract | |
Summary of Common Stock Options Activity | The following table summarizes common stock options activity: Weighted Average Exercise Options Price December 31, 2019 9,299,900 $ 0.57 Granted — — Exercised — — Expired (300,000 ) 1.00 Outstanding, June 30, 2020 8,999,900 $ 0.56 Exercisable, June 30, 2020 8,999,900 $ 0.56 |
Schedule of Weighted Average Excerise Price Range | The weighted average exercise prices, remaining lives for options granted, and exercisable as of June 30, 2020 were as follows: Outstanding Options Exercisable Options Options Weighted Weighted Exercise Price Life Average Exercise Average Exercise Per Share Shares (Years) Price Shares Price $0.50 8,000,000 0.17 $0.50 8,000,000 $0.50 $1.00 999,900 0.07 – 1.61 $1.00 999,900 $1.00 8,999,900 $0.56 8,999,900 $0.56 |
Summary of Common Stock Warrants Activity | The following table summarizes common stock warrants activity: Weighted Average Exercise Warrants Price Outstanding, December 31, 2019 9,000,000 $ 0.46 Granted — — Exercised — — Forfeited — — Outstanding, June 30, 2020 9,000,000 $ 0.46 Exercisable, June 30, 2020 9,000,000 $ 0.46 |
Schedule of Warrants Weighted Average Excerise Price Range | The weighted average exercise prices, remaining lives for warrants granted, and exercisable as of June 30, 2020, were as follows: Outstanding and Exercisable Warrants Warrants Exercise Price Life Per Share Shares (Years) $ 0.01 600,000 0.50 $ 0.15 1,200,000 0.53 $ 0.25 1,000,000 3.03 $ 0.375 200,000 0.81 $ 0.40 1,200,000 0.53 $ 0.50 3,000,000 0.33 – 3.03 $ 0.625 100,000 0.81 $ 0.75 1,250,000 0.91 – 3.03 $ 1.00 250,000 0.91 $ 2.00 200,000 2.89 9,000,000 |
Organization And Summary Of S_3
Organization And Summary Of Significant Accounting Policies (Summary Of Accounts Receivables) (Details) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Accounts Receivable | $ 14,000 | $ 77,000 |
Related Party Professional Service Revenues [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Accounts Receivable | 50,000 | |
Game Revenue Due From In App Purchases net of app store fees and allowance for doubtful accounts[Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Accounts Receivable | 14,000 | 27,000 |
Game Revenue Due From In App Advertising [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Accounts Receivable | ||
Other Receivables [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Accounts Receivable |
Organization And Summary Of S_4
Organization And Summary Of Significant Accounting Policies (Concentrations Of Credit Risk) (Details) - USD ($) | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | |
Customer A [Member] | |||
Concentration Risk [Line Items] | |||
Gross Accounts Receivable | |||
Customer B [Member] | |||
Concentration Risk [Line Items] | |||
Gross Accounts Receivable | 50,000 | ||
Major Customers [Member] | |||
Concentration Risk [Line Items] | |||
Gross Accounts Receivable | $ 50,000 | ||
Net Revenue [Member] | Customer A [Member] | |||
Concentration Risk [Line Items] | |||
Concentration risk percentage | 0.00% | 60.00% | |
Net Revenue [Member] | Customer B [Member] | |||
Concentration Risk [Line Items] | |||
Concentration risk percentage | 98.00% | 0.00% | |
Net Revenue [Member] | Major Customers [Member] | |||
Concentration Risk [Line Items] | |||
Concentration risk percentage | 98.00% | 60.00% |
Convertible Notes (Details)
Convertible Notes (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2020 | Dec. 31, 2019 | |
Short-term Debt [Line Items] | ||
Beginning Balance | $ 550,000 | |
Convertible notes payable, net | 570,000 | $ 550,000 |
Convertible Notes Payable [Member] | ||
Short-term Debt [Line Items] | ||
Beginning Balance | 550,000 | 432,000 |
Proceeds from the issuance of convertible notes, net of issuance discounts | ||
Repayments | ||
Conversion of notes payable into common stock | (100,000) | |
Amortization of discounts | 62,000 | |
Liquidated damages | 7,000 | 134,000 |
Accrued Interest | 13,000 | 22,000 |
Convertible notes payable, net | 570,000 | 550,000 |
Convertible notes, short term | 340,000 | 340,000 |
Accrued interest and damages | 230,000 | 210,000 |
Debt discounts |
Equity Transactions (Summary Of
Equity Transactions (Summary Of Common Stock Options Activity) (Details) | 6 Months Ended |
Jun. 30, 2020$ / sharesshares | |
Options | |
December 31, 2019 | shares | 9,299,900 |
Granted | shares | |
Exercised | shares | |
Expired | shares | 300,000 |
Outstanding, June 30, 2020 | shares | 8,999,900 |
Exercisable, June 30, 2020 | shares | 8,999,900 |
Weighted Average Exercise Price | |
December 31, 2019 | $ / shares | $ 0.57 |
Granted | $ / shares | |
Exercised | $ / shares | |
Expired | $ / shares | 1 |
Outstanding, June 30, 2020 | $ / shares | 0.56 |
Exercisable, June 30, 2020 | $ / shares | $ 0.56 |
Equity Transactions (Schedule O
Equity Transactions (Schedule Of Weighted Average Excerise Price Range) (Details) | 6 Months Ended |
Jun. 30, 2020$ / sharesshares | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding Options, Shares | shares | 8,999,900 |
Outstanding Options, Weighted Average Exercise Price | $ / shares | $ 0.56 |
Exercisable Options, Shares | shares | 8,999,900 |
Exercisable Options, Weighted Average Exercise Price | $ / shares | $ 0.56 |
Stock Options [Member] | Exercise Price Per Share $0.50 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding Options, Shares | shares | 8,000,000 |
Outstanding Options, Life (Years) | 2 months 1 day |
Outstanding Options, Weighted Average Exercise Price | $ / shares | $ 0.50 |
Exercisable Options, Shares | shares | 8,000,000 |
Exercisable Options, Weighted Average Exercise Price | $ / shares | $ 0.50 |
Stock Options [Member] | Exercise Price Per Share $1.00 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding Options, Shares | shares | 999,900 |
Outstanding Options, Weighted Average Exercise Price | $ / shares | $ 1 |
Exercisable Options, Shares | shares | 999,900 |
Exercisable Options, Weighted Average Exercise Price | $ / shares | $ 1 |
Stock Options [Member] | Exercise Price Per Share $1.00 [Member] | Minimum [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding Options, Life (Years) | 25 days |
Stock Options [Member] | Exercise Price Per Share $1.00 [Member] | Maximum [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding Options, Life (Years) | 1 year 7 months 10 days |
Equity Transactions (Summary _2
Equity Transactions (Summary Of Common Stock Warrants Activity) (Details) - Warrants [Member] | 6 Months Ended |
Jun. 30, 2020$ / sharesshares | |
Warrants | |
Outstanding, December 31, 2019 | shares | 9,000,000 |
Granted | shares | |
Exercised | shares | |
Forfeited | shares | |
Exercisable, June 30, 2020 | shares | 9,000,000 |
Weighted Average Exercise Price | |
Outstanding, December 31, 2019 | $ 0.46 |
Granted | |
Exercised | |
Forfeited | |
Outstanding, June 30, 2020 | 0.46 |
Exercisable, June 20, 2020 | $ 0.46 |
Equity Transactions (Schedule_2
Equity Transactions (Schedule Of Warrants Weighted Average Excerise Price Range) (Details) | 6 Months Ended |
Jun. 30, 2020$ / sharesshares | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 8,999,900 |
Warrants Exercise Price, Per Share | $ / shares | $ 0.01 |
Warrants [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 9,000,000 |
Warrants [Member] | Exercise Price Per Share $0.01 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 600,000 |
Outstanding and Exercisable Warrants, Life (Years) | 6 months |
Warrants Exercise Price, Per Share | $ / shares | $ 0.01 |
Warrants [Member] | Exercise Price Per Share $0.15 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 1,200,000 |
Outstanding and Exercisable Warrants, Life (Years) | 6 months 11 days |
Warrants Exercise Price, Per Share | $ / shares | $ 0.15 |
Warrants [Member] | Exercise Price Per Share $0.25 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 1,000,000 |
Outstanding and Exercisable Warrants, Life (Years) | 3 years 11 days |
Warrants Exercise Price, Per Share | $ / shares | $ 0.25 |
Warrants [Member] | Exercise Price Per Share $0.375 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 200,000 |
Outstanding and Exercisable Warrants, Life (Years) | 9 months 22 days |
Warrants Exercise Price, Per Share | $ / shares | $ 0.375 |
Warrants [Member] | Exercise Price Per Share $0.40 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 1,200,000 |
Outstanding and Exercisable Warrants, Life (Years) | 6 months 11 days |
Warrants Exercise Price, Per Share | $ / shares | $ 0.40 |
Warrants [Member] | Exercise Price Per Share $0.50 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 3,000,000 |
Warrants Exercise Price, Per Share | $ / shares | $ 0.50 |
Warrants [Member] | Exercise Price Per Share $0.50 [Member] | Minimum [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Life (Years) | 3 months 29 days |
Warrants [Member] | Exercise Price Per Share $0.50 [Member] | Maximum [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Life (Years) | 3 years 11 days |
Warrants [Member] | Exercise Price Per Share $0.625 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 100,000 |
Outstanding and Exercisable Warrants, Life (Years) | 9 months 22 days |
Warrants Exercise Price, Per Share | $ / shares | $ 0.625 |
Warrants [Member] | Exercise Price Per Share $0.75 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 1,250,000 |
Warrants Exercise Price, Per Share | $ / shares | $ 0.75 |
Warrants [Member] | Exercise Price Per Share $0.75 [Member] | Minimum [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Life (Years) | 10 months 28 days |
Warrants [Member] | Exercise Price Per Share $0.75 [Member] | Maximum [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Life (Years) | 3 years 11 days |
Warrants [Member] | Exercise Price Per Share $1.00 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 250,000 |
Outstanding and Exercisable Warrants, Life (Years) | 10 months 28 days |
Warrants Exercise Price, Per Share | $ / shares | $ 1 |
Warrants [Member] | Exercise Price Per Share $2.00 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 200,000 |
Outstanding and Exercisable Warrants, Life (Years) | 2 years 10 months 20 days |
Warrants Exercise Price, Per Share | $ / shares | $ 2 |
Organization And Summary Of S_5
Organization And Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Allowance for doubtful accounts | $ 12,000 | $ 12,000 | ||
Class A Preferred Stock [Member] | ||||
Antidilutive shares excluded from computation of basic earnings per share | 26,909,028 | 26,909,028 | 26,909,028 | 26,909,028 |
Class E Preferred Stock [Member] | ||||
Antidilutive shares excluded from computation of basic earnings per share | 1,852,538 | 1,107,420 | 1,852,538 | 1,107,420 |
Stock Options [Member] | ||||
Antidilutive shares excluded from computation of basic earnings per share | 8,999,900 | 12,449,900 | 8,999,900 | 12,449,900 |
Warrants [Member] | ||||
Antidilutive shares excluded from computation of basic earnings per share | 9,000,000 | 9,000,000 | 9,000,000 | 9,000,000 |
Related Party Transactions (Nar
Related Party Transactions (Narrative) (Details) - USD ($) | Jun. 30, 2020 | Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2017 | Dec. 31, 2019 | Jun. 30, 2020 |
Short-term Debt [Line Items] | ||||||||
Proceeds from short-term advances - related party | $ 489,000 | |||||||
Related Party Service Revenues | 185,000 | 52,000 | ||||||
Berkshire Capital Management Co., Inc. - A Company Controlled By Joseph Fiore, Majority Shareholder And Former Chairman Of The Board Of Directors [Member] | Revolving Line Of Credit Dated September 05, 2017 [Member] | ||||||||
Short-term Debt [Line Items] | ||||||||
Line of credit borrowing capacity | $ 1,000,000 | |||||||
Line of credit interest rate | 6.00% | |||||||
Line of credit collateral security | The loan is secured by a first lien on all the assets of the Company and its wholly owned subsidiary SPYR APPS, LLC. | |||||||
Line of credit due date | Dec. 31, 2020 | |||||||
Proceeds from line of credit | $ 1,000,000 | |||||||
Accrued interest | 168,000 | 168,000 | 168,000 | $ 168,000 | ||||
Berkshire Capital Management Co., Inc. - A Company Controlled By Joseph Fiore, Majority Shareholder And Former Chairman Of The Board Of Directors [Member] | Short-Term Advances [Member] | ||||||||
Short-term Debt [Line Items] | ||||||||
Accrued interest | $ 87,000 | $ 87,000 | $ 87,000 | $ 87,000 | ||||
Interest rate | 6.00% | 6.00% | 6.00% | 6.00% | ||||
Proceeds from short-term advances - related party | $ 1,062,000 | $ 1,149,000 | ||||||
Debt instrument description | Short-term advances are due upon demand. | |||||||
A Related Company - A Company Related To Officers Of The Company And Majority Owner Is Berkshire Capital Management Co, Inc [Member] | ||||||||
Short-term Debt [Line Items] | ||||||||
Related Party Service Revenues | $ 185,000 | $ 52,000 |
Convertible Notes (Narrative) (
Convertible Notes (Narrative) (Details) - USD ($) | Oct. 11, 2019 | May 10, 2019 | May 22, 2018 | Apr. 20, 2018 | Jun. 30, 2019 | Jun. 30, 2020 | Dec. 31, 2019 |
Short-term Debt [Line Items] | |||||||
Exercise price of warrants | $ 0.01 | ||||||
Convertible notes payable | $ 570,000 | $ 550,000 | |||||
Stock issued during the period in connection with debt, value | $ 50,000 | ||||||
Common Stock [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Stock issued during the period in connection with debt, shares | 500,000 | ||||||
Stock issued during the period in connection with debt, value | $ 50 | ||||||
Warrants [Member] | |||||||
Short-term Debt [Line Items] | |||||||
No of stock or warrants granted | |||||||
Warrants [Member] | Exercise Price Per Share $2.00 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Exercise price of warrants | $ 2 | ||||||
Convertible Note Dated April 20, 2018 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Debt instrument face amount | $ 158,000 | ||||||
Original issue discount | $ 15,000 | ||||||
Debt instrument interest rate | 8.00% | ||||||
Debt maturity date | Jun. 1, 2019 | Jun. 1, 2019 | |||||
Debt instrument conversion terms | Convertible on or after October 17, 2018 into the Company's restricted common stock at $0.20 per share at the holde's request. | ||||||
Debt instrument beneficial conversion feature | $ 104,000 | ||||||
Accrued interest | $ 134,000 | ||||||
Convertible notes payable | 274,000 | 254,000 | |||||
Convertible Note Dated April 20, 2018 [Member] | Common Stock [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Value of principal portion of debt converted into shares | $ 25,000 | ||||||
Debt conversion price per share | $ 0.10 | ||||||
No of shares of common stock issued in conversion of debt | 250,000 | ||||||
Convertible Note Dated April 20, 2018 [Member] | Warrants [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Award terms | The noteholder was also granted detachable 3-year warrants to purchase 200,000 shares of the company's restricted common stock at an exercise price of $0.375 per share, 200,000 shares of the company's restricted common stock at an exercise price of $0.50 per share, and 100,000 shares of the company's restricted common stock at an exercise price of $0.625 per share. | ||||||
Fair value of warrants | $ 126,000 | ||||||
Convertible Note Dated April 20, 2018 [Member] | Warrants [Member] | Exercise Price Per Share $0.375 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
No of stock or warrants granted | 200,000 | ||||||
Exercise price of warrants | $ 0.375 | ||||||
Convertible Note Dated April 20, 2018 [Member] | Warrants [Member] | Exercise Price Per Share $0.50 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
No of stock or warrants granted | 200,000 | ||||||
Exercise price of warrants | $ 0.50 | ||||||
Convertible Note Dated April 20, 2018 [Member] | Warrants [Member] | Exercise Price Per Share $0.625 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
No of stock or warrants granted | 100,000 | ||||||
Exercise price of warrants | $ 0.625 | ||||||
Convertible Note Dated April 20, 2018 [Member] | Restricted Common Stock [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Stock issued during the period in connection with debt, shares | 116,000 | ||||||
Stock issued during the period in connection with debt, value | $ 34,000 | ||||||
Convertible Note Dated May 22, 2018 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Debt instrument face amount | $ 165,000 | ||||||
Convertible Note Dated May 22, 2018 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Debt instrument face amount | 275,000 | ||||||
Original issue discount | $ 25,000 | ||||||
Debt instrument interest rate | 8.00% | ||||||
Debt maturity date | Dec. 31, 2019 | Sep. 1, 2019 | Dec. 31, 2019 | ||||
Debt instrument conversion terms | Convertible into the Company's restricted common stock at $0.25 per share at the holder's request. | ||||||
Debt instrument beneficial conversion feature | $ 40,000 | ||||||
Accrued interest | 96,000 | ||||||
Convertible notes payable | $ 296,000 | $ 296,000 | |||||
Convertible Note Dated May 22, 2018 [Member] | Common Stock [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Value of principal portion of debt converted into shares | $ 50,000 | $ 25,000 | |||||
Debt conversion price per share | $ 0.10 | $ 0.10 | |||||
No of shares of common stock issued in conversion of debt | 500,000 | 250,000 | |||||
Convertible Note Dated May 22, 2018 [Member] | Warrants [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Award terms | The noteholder was also granted detachable 5-year warrants to purchase 500,000 shares of the company's restricted common stock at an exercise price of $2.00 per share. | ||||||
Fair value of warrants | $ 45,000 | ||||||
Convertible Note Dated May 22, 2018 [Member] | Warrants [Member] | Exercise Price Per Share $2.00 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
No of stock or warrants granted | 500,000 | ||||||
Exercise price of warrants | $ 2 | ||||||
Convertible Note Dated May 22, 2018 [Member] | Restricted Common Stock [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Stock issued during the period in connection with debt, shares | 200,000 | ||||||
Stock issued during the period in connection with debt, value | $ 58,000 |
Long Term Debt (Narrative) (Det
Long Term Debt (Narrative) (Details) - Notes Payable To U.S. Small Business Administration [Member] - USD ($) | May 12, 2020 | Jun. 30, 2020 |
Debt instrument face amount | $ 71,000 | |
Debt instrument interest rate | 1.00% | |
Debt instrument description | The loan agreement provides for six months principal and interest deferral. The interest rate is 1%. Under the terms of the loan, up to 100% of the loan may be forgiven conditioned upon meeting certain requirements for the use of funds. Any amount not forgiven must be repaid in eighteen monthly consecutive principal and interest payments beginning December 2020. | |
Notes payable | $ 71,000 |
Commitments And Contingencies (
Commitments And Contingencies (Narrative) (Details) - USD ($) | May 01, 2020 | Apr. 23, 2020 | Jan. 24, 2019 | May 21, 2015 | Jun. 30, 2020 | Apr. 08, 2020 | Mar. 17, 2020 | Dec. 31, 2019 |
Other Commitments [Line Items] | ||||||||
Accounts payable and accrued liabilities | $ 2,083,000 | $ 1,834,000 | ||||||
January 24, 2019, SPYR APPS, LLC [Member] | ||||||||
Other Commitments [Line Items] | ||||||||
Agreement description | SPYR APPS, LLC entered into an agreement with one of its vendors, Shatter Storm Studios, to whom it owed $84,250 for artwork related to the Steven Universe game. Pursuant to the terms of that agreement, SPYR APPS, LLC needed to make payment in the amount of $85,000 to cover the principal owed and attorneys' fees together plus 6% interest in that amount by December 1, 2019. Should SPYR APPS, LLC not make the required payment on or before December 1, 2019, it consented to entry of judgment in favor of Shatter Storm Studios for the amount owed. SPYR APPS, LLC did not make the payment and on January 27, 2020 Shatter Storm Studios initiated Case No. 1:200cv-00217 in the U.S. District Court for the District of Colorado seeking entry of the consent judgment against SPYR APPS, LLC. The judgment is not being contested by SPYR APPS, LLC, but has not yet been entered. The $85,000 plus accrued interest and attorneys' fees has been reported as part of accounts payable and accrued liabilities. The balance due as of December 31, 2019 was approximately $90,000. | |||||||
Principal owed and attorneys' fees | $ 84,250 | $ 85,000 | ||||||
Interest Rate | 6.00% | 6.00% | ||||||
Accounts payable and accrued liabilities | $ 91,000 | $ 90,000 | ||||||
Joseph Fiore/Berkshire Capital Management, Inc [Member] | ||||||||
Other Commitments [Line Items] | ||||||||
Settlement agreement terms | The Company's joint and several liability obligation by paying to the Commission the agreed upon sum of Two Million Dollars pursuant to a settlement agreement between Joseph Fiore/Berkshire Capital Management, Inc. and the Company, which settlement agreement was entered into on April 15, 2020. The Company has until April 14, 2021 to satisfy its remaining financial obligation to the Commission, an agreed upon civil penalty of Five Hundred Thousand Dollars ($500,000). The $500,000 liability is reported as part of accounts payable and accrued liabilities on the accompanying condensed consolidated balance sheets as of June 30, 2020 and December 31, 2019 and was recorded as litigation settlement costs on the consolidated statements of operations on the Company's form 10K for the year ended December 31, 2019. | |||||||
Litigation settlement costs | $ 500,000 | |||||||
Operating Lease Dated May 21, 2015 [Member] | ||||||||
Other Commitments [Line Items] | ||||||||
Lease commitment terms | The rent adjustments of approximately $5,000 are due 50% on June 1, 2020 and 50% on July 1, 2020. | The Company leases approximately 5,169 square feet at 4643 South Ulster Street, Denver, Colorado pursuant to an amended lease dated May 21, 2015 | ||||||
Lease expiration date | Dec. 31, 2020 | |||||||
Agreement description | The Company entered into an amended lease agreement with its landlord. Under the terms of the amendment, the landlord agreed to waive rent, certain rent adjustments and parking for the period April 1, 2020 through June 30, 2020 and extend the term of the lease by three months. On July 29, 2020, the Company entered into another amended lease agreement with its landlord. Under the terms of the amendment, the landlord agreed to waive rent, certain rent adjustments and parking for the period July 1, 2020 through August 31, 2020 and extend the term of the lease by two months. As a result of these amendments, the lease term date, which was December 31, 2020, is now May 31, 2021. In addition, the due date of certain other rent adjustments due April 8, 2020 was deferred. The rent adjustments of approximately $5,000 were due 50% on June 1, 2020 and 50% on July 1, 2020. | |||||||
Operating Lease Dated May 21, 2015 [Member] | Minimum [Member] | ||||||||
Other Commitments [Line Items] | ||||||||
Annual base rent | $ 143,000 | |||||||
Operating Lease Dated May 21, 2015 [Member] | Maximum [Member] | ||||||||
Other Commitments [Line Items] | ||||||||
Annual base rent | $ 152,000 | |||||||
Operating Amended Lease Dated May 21, 2015 [Member] | ||||||||
Other Commitments [Line Items] | ||||||||
Other rent adjustments | $ 5,000 |
Equity Transactions (Common Sto
Equity Transactions (Common Stock Issued During Year Ended December 31, 2018 And 2019) (Narrative) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2020 | Mar. 31, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Stock issued to employees for services, value | $ 25,000 | $ 131,000 | ||
Share based compensation | $ 25,000 | $ 131,000 | ||
Restricted Common Stock [Member] | Employees [Member] | ||||
Stock issued to employees for services, shares | 1,250,000 | 1,250,000 | ||
Stock issued to employees for services, value | $ 25,000 | $ 131,000 | ||
Share based compensation | $ 25,000 | $ 131,000 |
Equity Transactions (Options) (
Equity Transactions (Options) (Narrative) (Details) | Jun. 30, 2020$ / shares |
Stock Options [Member] | |
Options exercise price per share | $ 0.05 |
Equity Transactions (Warrants)
Equity Transactions (Warrants) (Narrative) (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2020 | Jun. 30, 2020 | |
Warrants outstanding | 600,000 | |
Intrinsic value of warrants | $ 24,000 | |
Exercise price of warrants | $ 0.01 | |
Shares reserved in conncetion with 2 convertible notes with detachable warrants | 30,000,000 | |
Warrants [Member] | ||
Description of shares reserved with court approves settlement | 3,500,000 shares of common stock in connection with the court approved settlement agreement for a total of 33,500,000 reserved shares of common stock. | |
Warrants [Member] | ||
Share price | $ 0.05 |
Discontinued Operations (Narrat
Discontinued Operations (Narrative) (Details) - Discontinued Operations [Member] - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Assets | $ 0 | $ 0 |
Accounts payable and accrued liabilities | $ 22,000 | $ 22,000 |
Subsequent Events (Narrative) (
Subsequent Events (Narrative) (Details) | 1 Months Ended |
Jul. 23, 2020 | |
Subsequent Event [Member] | Berkshire Capital Management Co., Inc. - A Company Controlled By Joseph Fiore, Majority Shareholder And Former Chairman Of The Board Of Directors [Member] | Revolving Line Of Credit Dated September 05, 2017 [Member] | |
Debt instrument extended maturity date | The Company amended the related party revolving line of credit from Berkshire Capital Management Co., Inc. to extend the due date to December 31, 2020 |