Financial reports / Hall of Fame Resort & Entertainment Company | Tables in SEC filings

HOFV Hall of Fame Resort & Entertainment Company

Quarterly report

	Series B Convertible Preferred stock				Series C Convertible Preferred stock				Common Stock				Additional Paid-In		Accumulated		Total Equity Attributable to HOFRE		Non-controlling		Total Stockholders’
	Shares		Amount		Shares		Amount		Shares		Amount		Capital		Deficit		Stockholders		Interest		Equity
Balance as of January 1, 2024		200	$	-		15,000	$	2		6,437,020	$	643	$	344,335,489	$	(216,643,882)	$	127,692,252	$	(954,838)	$	126,737,414

Stock-based compensation on RSU and restricted stock awards		-		-		-		-		-		-		96,469		-		96,469		-		96,469
Vesting of restricted stock units, net of 7,672 shares withheld for taxes		-		-		-		-		65,417		7		(7)		-		-		-		-
Preferred stock dividend		-		-		-		-		-		-		-		(266,000)		(266,000)		-		(266,000)
Warrants issued for financing liability proceeds		-		-		-		-		-		-		1,666,000		-		1,666,000		-		1,666,000
Net loss		-		-		-		-		-		-		-		(14,621,588)		(14,621,588)		(8,588)		(14,630,176)

Balance as of March 31, 2024		200	$	-		15,000	$	2		6,502,437	$	650	$	346,097,951	$	(231,531,470)	$	114,567,133	$	(963,426)	$	113,603,707

Stock-based compensation on RSU and restricted stock awards		-		-		-		-		-		-		205,994		-		205,994		-		205,994
Vesting of restricted stock units, net of 0 shares withheld for taxes		-		-		-		-		854		-		-		-		-		-		-
Sale of shares under ATM		-		-		-		-		37,457		5		113,423		-		113,428		-		113,428
Issuance of restricted stock awards		-		-		-		-		5,000		-		-		-		-		-		-
Automatic conversion of Series B Preferred Stock		(200)		-		-		-		2,971		-		-		-		-		-		-
Preferred stock dividend		-		-		-		-		-		-		-		(266,000)		(266,000)		-		(266,000)
Net loss		-		-		-		-		-		-		-		(15,488,982)		(15,488,982)		-		(15,488,982)

Balance as of June 30, 2024		-	$	-		15,000	$	2		6,548,719	$	655	$	346,417,368	$	(247,286,452)	$	99,131,573	$	(963,426)	$	98,168,147

Stock-based compensation on RSU and restricted stock awards		-	$	-		-	$	-		-		-		219,980	$	-	$	219,980		-	$	219,980
Vesting of restricted stock units, net of 0 shares withheld for taxes		-		-		-		-		7,548		-		-		-		-		-		-
Issuance of restricted stock awards		-		-		-		-		568		-		-		-		-		-		-
Preferred stock dividend		-		-		-		-		-		-		-		(266,000)		(266,000)		-		(266,000)
Net loss		-		-		-		-		-		-		-		(4,420,330)		(4,420,330)		-		(4,420,330)

Balance as of September 30, 2024		-	$	-		15,000	$	2		6,556,835	$	655	$	346,637,348	$	(251,972,782)	$	94,665,223	$	(963,426)	$	93,701,797

Balance as of January 1, 2023		200	$	-		15,000	$	2		5,604,869	$	560	$	339,038,466	$	(146,898,343)	$	192,140,685	$	(882,573)	$	191,258,112

Stock-based compensation on RSU and restricted stock awards		-		-		-		-		-		-		651,034		-		651,034		-		651,034
Issuance of restricted stock awards		-		-		-		-		6,207		1		(1)		-		-		-		-
Vesting of restricted stock units, net of 8,741 shares withheld for taxes		-		-		-		-		46,255		5		(5)		-		-		-		-
Cancellation of fractional shares		-		-		-		-		(10,433)		(1)		1		-		-		-		-
Preferred stock dividend		-		-		-		-		-		-		-		(266,000)		(266,000)		-		(266,000)
Net loss		-		-		-		-		-		-		-		(19,343,797)		(19,343,797)		(48,577)		(19,392,374)

Balance as of March 31, 2023		200	$	-		15,000	$	2		5,646,898	$	565	$	339,689,495	$	(166,508,140)	$	173,181,922	$	(931,150)	$	172,250,772

Stock-based compensation on RSU and restricted stock awards		-		-		-		-		-		-		1,086,017		-		1,086,017		-		1,086,017
Issuance of restricted stock awards		-		-		-		-		4,881		-		-		-		-		-		-
Vesting of restricted stock units, net of 5,012 shares withheld for taxes		-		-		-		-		10,789		1		(1)		-		-		-		-
Sale of shares under ATM		-		-		-		-		4,878		-		39,261		-		39,261		-		39,261
Preferred stock dividends		-		-		-		-		-		-		-		(266,000)		(266,000)		-		(266,000)
Net loss		-		-		-		-		-		-		-		(13,287,617)		(13,287,617)		(5,795)		(13,293,412)

Balance as of June 30, 2023		200	$	-		15,000	$	2		5,667,446	$	566	$	340,814,772	$	(180,061,757)	$	160,753,583	$	(936,945)	$	159,816,638

Stock-based compensation on RSU and restricted stock awards		-		-		-		-		-		-		783,159		-		783,159		-		783,159
Issuance of restricted stock awards		-		-		-		-		4,230		1		(1)		-		-		-		-
Vesting of restricted stock units, net of 696 shares withheld for taxes		-		-		-		-		3,293		-		-		-		-		-		-
Preferred stock dividends		-		-		-		-		-		-		-		(266,000)		(266,000)		-		(266,000)
Net loss		-		-		-		-		-		-		-		(16,153,075)		(16,153,075)		(11,277)		(16,164,352)

Balance as of September 30, 2023		200	$	-		15,000	$	2		5,674,969	$	567	$	341,597,930	$	(196,480,832)	$	145,117,667	$	(948,222)	$	144,169,445

	September 30, 2024		December 31, 2023
Due to IRG Member	$	2,495,904	$	1,127,390
Due to PFHOF		415,128		166,484
Total	$	2,911,032	$	1,293,874

	September 30,		December 31,
	2024		2023
Operating leases:
Right-of-use assets	$	7,189,073	$	7,387,693
Lease liability		3,326,875		3,440,630

Financing leases:
Right-of-use assets	$	79,204	$	-
Lease liability		72,709		-

For The Years Ending December 31,
2024 (three months)	$	75,350
2025		301,400
2026		301,400
2027		301,400
2028		328,600
Thereafter		39,116,467
Total future minimum lease payments, undiscounted		40,424,617
Less: imputed interest		(37,097,742)
Present value of future minimum lease payments	$	3,326,875

	For the Three Months Ended September 30,
	2024		2023

Revenues
Sponsorships, net of activation costs	$	684,180	$	689,753
Event, rents, restaurant and other revenue		4,639,785		5,763,583
Hotel revenues		2,177,661		2,291,493
Total revenues		7,501,626		8,744,829

Operating expenses
Operating expenses		8,604,054		12,409,390
Hotel operating expenses		1,847,014		1,814,053
Depreciation expense		4,202,042		4,559,899
Total operating expenses		14,653,110		18,783,342

Loss from operations		(7,151,484)		(10,038,513)

Other income (expense)
Interest expense, net		(5,902,062)		(6,026,801)
Amortization of discount on note payable		(1,092,996)		(1,419,684)
Change in fair value of warrant liability		16,000		968,000
Change in fair value of interest rate swap		-		203,850
Loss on sale of asset		(5,674)		-
Other income		9,763,126		148,796
Loss from equity method investments		(47,240)		-
Total other income (expense)		2,731,154		(6,125,839)

Net loss	$	(4,420,330)	$	(16,164,352)

Preferred stock dividends		(266,000)		(266,000)
Loss attributable to non-controlling interest		-		11,277

Net loss attributable to HOFRE stockholders	$	(4,686,330)	$	(16,419,075)

Net loss per share, basic and diluted	$	(0.72)	$	(2.89)

Weighted average shares outstanding, basic and diluted		6,551,352		5,672,602

Table search / Financial reports / Hall of Fame Resort & Entertainment Company

138 results

Top filers

Top filing types

Recent filing years