Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2021 | Nov. 12, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001621672 | |
Entity Registrant Name | Super League Gaming, Inc. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 001-38819 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 47-1990734 | |
Entity Address, Address Line One | 2912 Colorado Ave., Suite #203 | |
Entity Address, City or Town | Santa Monica | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 90404 | |
City Area Code | 949 | |
Local Phone Number | 574-3860 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | false | |
Entity Shell Company | false | |
Title of 12(b) Security | Common Stock, par value $0.001 per share | |
Trading Symbol | SLGG | |
Security Exchange Name | NASDAQ | |
Entity Common Stock, Shares Outstanding | 35,778,259 |
Consolidated Condensed Balance
Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Current Assets | ||
Cash and cash equivalents | $ 24,512,000 | $ 7,942,000 |
Accounts receivable | 3,598,000 | 588,000 |
Prepaid expenses and other current assets | 1,210,000 | 837,000 |
Total current assets | 29,320,000 | 9,367,000 |
Property and equipment, net | 113,000 | 138,000 |
Intangible and other assets, net | 23,305,000 | 1,907,000 |
Goodwill | 46,125,000 | 2,565,000 |
Total assets | 98,863,000 | 13,977,000 |
Current Liabilities | ||
Accounts payable and accrued expenses | 4,100,000 | 1,829,000 |
Deferred revenue | 154,000 | 0 |
Total current liabilities | 4,254,000 | 1,829,000 |
Deferred taxes | 551,000 | 0 |
Long term note payable | 0 | 1,208,000 |
Total liabilities | 4,805,000 | 3,037,000 |
Commitments and contingencies | ||
Stockholders’ Equity | ||
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding | 0 | 0 |
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 35,778,259 and 15,483,010 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively. | 45,000 | 25,000 |
Additional paid-in capital | 212,172,000 | 115,459,000 |
Accumulated deficit | (118,159,000) | (104,544,000) |
Total stockholders’ equity | 94,058,000 | 10,940,000 |
Total liabilities and stockholders’ equity | $ 98,863,000 | $ 13,977,000 |
Consolidated Condensed Balanc_2
Consolidated Condensed Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Sep. 30, 2021 | Dec. 31, 2020 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, authorized (in shares) | 10,000,000 | 10,000,000 |
Preferred stock, issued (in shares) | 0 | 0 |
Preferred stock, outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, issued (in shares) | 35,778,259 | 15,483,010 |
Common stock, outstanding (in shares) | 35,778,259 | 15,483,010 |
Consolidated Condensed Statemen
Consolidated Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Revenue | $ 3,605,000 | $ 718,000 | $ 5,478,000 | $ 1,285,000 |
COST OF REVENUES | 2,250,000 | 327,000 | 3,125,000 | 560,000 |
GROSS PROFIT | 1,355,000 | 391,000 | 2,353,000 | 725,000 |
OPERATING EXPENSES | ||||
Selling, marketing and advertising | 2,818,000 | 1,476,000 | 6,236,000 | 4,005,000 |
Engineering, technology and development | 3,113,000 | 1,430,000 | 7,215,000 | 5,109,000 |
General and administrative | 2,397,000 | 1,782,000 | 6,814,000 | 5,615,000 |
Total operating expenses | 8,328,000 | 4,688,000 | 20,265,000 | 14,729,000 |
NET OPERATING LOSS | (6,973,000) | (4,297,000) | (17,912,000) | (14,004,000) |
OTHER INCOME (EXPENSE) | ||||
Accrued interest expense | 0 | (3,000) | (5,000) | (5,000) |
Gain on loan forgiveness | 0 | 0 | 1,213,000 | 0 |
Other | 4,000 | 2,000 | 11,000 | 17,000 |
Total other income (expense) | 4,000 | (1,000) | 1,219,000 | 12,000 |
Loss before benefit from income taxes | (6,969,000) | (4,298,000) | (16,693,000) | (13,992,000) |
Benefit from income taxes | 5,000 | 0 | 3,078,000 | 0 |
NET LOSS | $ (6,964,000) | $ (4,298,000) | $ (13,615,000) | $ (13,992,000) |
Net loss attributable to common stockholders - basic and diluted | ||||
Basic and diluted loss per common share (in dollars per share) | $ (0.20) | $ (0.36) | $ (0.49) | $ (1.39) |
Weighted-average number of shares outstanding, basic and diluted (in shares) | 35,530,759 | 12,063,778 | 27,571,287 | 10,084,002 |
Consolidated Condensed Statem_2
Consolidated Condensed Statements of Stockholders' Equity (Unaudited) - USD ($) | Common Stock [Member]January 2021 Offering [Member] | Common Stock [Member]February 2021 Offering [Member] | Common Stock [Member]March 2021 Offering [Member] | Common Stock [Member]May 2020 Offering [Member] | Common Stock [Member]August 2020 Offering [Member] | Common Stock [Member]Mobcrush Acquisition [Member] | Common Stock [Member]Bannerfy Acquisition [Member] | Common Stock [Member]Framerate Acquisition [Member] | Common Stock [Member] | Additional Paid-in Capital [Member]January 2021 Offering [Member] | Additional Paid-in Capital [Member]February 2021 Offering [Member] | Additional Paid-in Capital [Member]March 2021 Offering [Member] | Additional Paid-in Capital [Member]May 2020 Offering [Member] | Additional Paid-in Capital [Member]August 2020 Offering [Member] | Additional Paid-in Capital [Member]Mobcrush Acquisition [Member] | Additional Paid-in Capital [Member]Bannerfy Acquisition [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Mobcrush Acquisition [Member] | Total |
Balance, beginning of period (in shares) at Dec. 31, 2019 | 8,573,922 | |||||||||||||||||||
Issuance of common stock (in shares) | 0 | 0 | 0 | 1,825,000 | 4,988,981 | |||||||||||||||
Equity Consideration at closing – common stock (in shares) | 0 | 32,936 | ||||||||||||||||||
Stock-based compensation (in shares) | 62,171 | |||||||||||||||||||
Balance, end of period (in shares) at Sep. 30, 2020 | 15,483,010 | |||||||||||||||||||
Balance, beginning of period at Dec. 31, 2019 | $ 18,000 | $ 99,237,000 | $ (85,812,000) | |||||||||||||||||
Issuance of common stock | $ 0 | $ 0 | $ 2,000 | $ 5,000 | $ 0 | $ 0 | $ 0 | $ 5,951,000 | $ 8,398,000 | |||||||||||
Common stock issued for Acquisition | $ 0 | $ 0 | ||||||||||||||||||
Stock-based compensation | 1,429,000 | |||||||||||||||||||
Stock option exercises | 10,000 | |||||||||||||||||||
Other | ||||||||||||||||||||
Net loss | (13,992,000) | $ (13,992,000) | ||||||||||||||||||
Balance, end of period at Sep. 30, 2020 | $ 25,000 | 115,025,000 | (99,804,000) | 15,246,000 | ||||||||||||||||
Balance, beginning of period (in shares) at Jun. 30, 2020 | 10,460,696 | |||||||||||||||||||
Issuance of common stock (in shares) | 0 | 0 | 0 | 0 | 4,988,981 | |||||||||||||||
Equity Consideration at closing – common stock (in shares) | 0 | 0 | 0 | |||||||||||||||||
Stock-based compensation (in shares) | 33,333 | |||||||||||||||||||
Balance, end of period (in shares) at Sep. 30, 2020 | 15,483,010 | |||||||||||||||||||
Balance, beginning of period at Jun. 30, 2020 | $ 20,000 | 106,237,000 | (95,506,000) | |||||||||||||||||
Issuance of common stock | $ 0 | $ 0 | $ 5,000 | 0 | 0 | 0 | 0 | 8,398,000 | ||||||||||||
Common stock issued for Acquisition | 0 | 0 | ||||||||||||||||||
Stock-based compensation | 380,000 | |||||||||||||||||||
Stock option exercises | 10,000 | |||||||||||||||||||
Other | ||||||||||||||||||||
Net loss | (4,298,000) | (4,298,000) | ||||||||||||||||||
Balance, end of period at Sep. 30, 2020 | $ 25,000 | 115,025,000 | (99,804,000) | $ 15,246,000 | ||||||||||||||||
Balance, beginning of period (in shares) at Dec. 31, 2020 | 15,483,010 | 15,483,010 | ||||||||||||||||||
Issuance of common stock (in shares) | 3,076,924 | 2,926,830 | 1,512,499 | 0 | ||||||||||||||||
Equity Consideration at closing – common stock (in shares) | 12,067,571 | 415,855 | ||||||||||||||||||
Stock-based compensation (in shares) | 295,570 | |||||||||||||||||||
Balance, end of period (in shares) at Sep. 30, 2021 | 35,778,259 | 35,778,259 | ||||||||||||||||||
Balance, beginning of period at Dec. 31, 2020 | $ 25,000 | 115,459,000 | (104,544,000) | $ 10,940,000 | ||||||||||||||||
Issuance of common stock | $ 3,000 | $ 3,000 | $ 2,000 | $ 0 | 7,924,000 | 11,927,000 | 13,540,000 | 0 | ||||||||||||
Common stock issued for Acquisition | $ 12,000 | 59,843,000 | 1,768,000 | |||||||||||||||||
Stock-based compensation | 1,608,000 | |||||||||||||||||||
Stock option exercises | 111,000 | |||||||||||||||||||
Other | (8,000) | |||||||||||||||||||
Net loss | (13,615,000) | $ 2,300,000 | (13,615,000) | |||||||||||||||||
Balance, end of period at Sep. 30, 2021 | $ 45,000 | 212,172,000 | (118,159,000) | $ 94,058,000 | ||||||||||||||||
Balance, beginning of period (in shares) at Jun. 30, 2021 | 35,340,633 | |||||||||||||||||||
Issuance of common stock (in shares) | 0 | 0 | 0 | 0 | ||||||||||||||||
Equity Consideration at closing – common stock (in shares) | 415,855 | |||||||||||||||||||
Stock-based compensation (in shares) | 21,771 | |||||||||||||||||||
Balance, end of period (in shares) at Sep. 30, 2021 | 35,778,259 | 35,778,259 | ||||||||||||||||||
Balance, beginning of period at Jun. 30, 2021 | $ 45,000 | 209,703,000 | (111,195,000) | |||||||||||||||||
Issuance of common stock | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | ||||||||||||
Common stock issued for Acquisition | $ 0 | $ 0 | $ 1,768,000 | |||||||||||||||||
Stock-based compensation | 636,000 | |||||||||||||||||||
Stock option exercises | 73,000 | |||||||||||||||||||
Other | (8,000) | |||||||||||||||||||
Net loss | (6,964,000) | $ 2,100,000 | $ (6,964,000) | |||||||||||||||||
Balance, end of period at Sep. 30, 2021 | $ 45,000 | $ 212,172,000 | $ (118,159,000) | $ 94,058,000 |
Consolidated Condensed Statem_3
Consolidated Condensed Statements of Stockholders' Equity (Unaudited) (Parentheticals) | Sep. 30, 2020$ / shares |
Common Stock [Member] | January 2021 Offering [Member] | |
Stock issued, price per share (in dollars per share) | $ 2.60 |
Common Stock [Member] | February 2021 Offering [Member] | |
Stock issued, price per share (in dollars per share) | 4.10 |
Common Stock [Member] | March 2021 Offering [Member] | |
Stock issued, price per share (in dollars per share) | 9 |
Common Stock [Member] | May 2020 Offering [Member] | |
Stock issued, price per share (in dollars per share) | 3.50 |
Common Stock [Member] | August 2020 Offering [Member] | |
Stock issued, price per share (in dollars per share) | 1.85 |
Additional Paid-in Capital [Member] | January 2021 Offering [Member] | |
Stock issued, price per share (in dollars per share) | 2.60 |
Additional Paid-in Capital [Member] | February 2021 Offering [Member] | |
Stock issued, price per share (in dollars per share) | 4.10 |
Additional Paid-in Capital [Member] | March 2021 Offering [Member] | |
Stock issued, price per share (in dollars per share) | 9 |
Additional Paid-in Capital [Member] | May 2020 Offering [Member] | |
Stock issued, price per share (in dollars per share) | 3.50 |
Additional Paid-in Capital [Member] | August 2020 Offering [Member] | |
Stock issued, price per share (in dollars per share) | $ 1.85 |
Consolidated Condensed Statem_4
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (13,615,000) | $ (13,992,000) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation and amortization | 1,962,000 | 1,098,000 |
Stock-based compensation | 1,609,000 | 1,570,000 |
Gain on loan forgiveness (Note 5) | (1,213,000) | 0 |
Change in valuation allowance (Note 4) | (3,078,000) | 0 |
Changes in assets and liabilities: | ||
Accounts receivable | (1,664,000) | (679,000) |
Prepaid expenses and other current assets | (225,000) | (430,000) |
Accounts payable and accrued expenses | (78,000) | (125,000) |
Deferred revenue | 24,000 | (121,000) |
Accrued interest on note payable | 5,000 | 5,000 |
Net cash used in operating activities | (16,273,000) | (12,674,000) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchase of property and equipment | (12,000) | (7,000) |
Capitalization of software development costs | (560,000) | (877,000) |
Acquisition of other intangible assets | (176,000) | (104,000) |
Net cash used in investing activities | (658,000) | (988,000) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from issuance of common stock, net of issuance costs (Note 6) | 33,390,000 | 14,356,000 |
Proceeds from note payable (Note 5) | 0 | 1,200,000 |
Proceeds from common stock option exercises | 111,000 | 10,000 |
Net cash provided by financing activities | 33,501,000 | 15,566,000 |
INCREASE IN CASH | 16,570,000 | 1,904,000 |
Cash - beginning of period | 7,942,000 | 8,442,000 |
Cash - end of period | 24,512,000 | 10,346,000 |
Mobcrush Acquisition [Member] | ||
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | 2,300,000 | |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Cash acquired in connection with Mobcrush Acquisition (Note 4) | 586,000 | 0 |
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES | ||
Issuance of common stock in connection with Acquisition | 59,855,000 | 0 |
Bannerfy Acquisition [Member] | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Cash paid in connection with Bannerfy Acquisition, net (Note 4) | (496,000) | 0 |
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES | ||
Issuance of common stock in connection with Acquisition | 1,705,000 | 0 |
Framerate Acquisition [Member] | ||
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES | ||
Issuance of common stock in connection with Acquisition | $ 0 | $ 245,000 |
Note 1 - Description of Busines
Note 1 - Description of Business | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | 1. DESCRIPTION OF BUSINESS Super League Gaming, Inc. (“Super League,” the “Company,” “we,” “us” or “our”) is a leading metaverse and creator economy platform at the intersection of gaming and pop culture focused on tools and offerings that empower creators, energize players, and entertain fans. Our solutions provide incomparable access to an audience consisting of players in the largest global metaverse environments, fans of hundreds of thousands of gaming influencers, and viewers of gameplay content across major social media and digital video platforms. Fueled by proprietary and patented technology systems, our creator-centric offerings include content tools that power live stream multicasting, a leading metaverse advertising platform, a social media banner monetization platform, and a virtual cloud-based video production division, Virtualis Studios. Combined with vibrant in-game Minecraft communities, a network of highly viewed channels and original shows on Instagram, TikTok, Snap, YouTube, and Twitch, and an award-winning esports invitational tournament series, Super League’s properties deliver powerful opportunities for brands and advertisers to achieve impactful marketing outcomes with gamers of all ages. Super League was incorporated on October 1, 2014 June 15, 2015. 2012, Acquisition of Bannerfy, LTD On August 24, 2021 ( 4. one In accordance with the acquisition method of accounting, the financial results of Super League presented herein include the financial results of Bannerfy for the period from the Bannerfy Closing Date to the end of the current period presented herein. Refer to Note 4 Acquisition of Mobcrush Streaming, Inc. On June 1, 2021 ( one six In accordance with the acquisition method of accounting, the financial results of Super League presented herein include the financial results of Mobcrush for the period from the Mobcrush Closing Date to the end of the current period presented herein. Refer to Note 4 |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10 8 03 X. December 31, 2020 10 December 31, 2020, March 19, 2021. The year-end consolidated condensed balance sheet data was derived from audited financial statements, but does not The consolidated condensed interim financial statements of Super League include all adjustments of a normal recurring nature which, in the opinion of management, are necessary for a fair statement of Super League’s financial position as of September 30, 2021, three nine September 30, 2021 not Reclassifications Certain reclassifications to operating expense line items have been made to prior year amounts for consistency and comparability with the current year’s consolidated condensed financial statements presentation. These reclassifications had no Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. The Company believes that, of the significant accounting policies described herein, the accounting policies associated with revenue recognition, impairment of goodwill and intangibles, stock-based compensation expense, capitalized internal-use-software costs, accounting for business combinations, and accounting for income taxes and valuation allowances against net deferred tax assets, require its most difficult, subjective or complex judgments. Revenue Recognition Revenue is recognized when the Company transfers promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods and services. In this regard, revenue is recognized when: (i) the parties to the contract have approved the contract (in writing, orally, or in accordance with other customary business practices) and are committed to perform their respective obligations; (ii) the entity can identify each party’s rights regarding the goods or services to be transferred; (iii) the entity can identify the payment terms for the goods or services to be transferred; (iv) the contract has commercial substance (that is, the risk, timing, or amount of the entity’s future cash flows is expected to change as a result of the contract); and (v) it is probable that the entity will collect substantially all of the consideration to which it will be entitled in exchange for the goods or services that will be transferred to the customer. Transaction prices are based on the amount of consideration to which we expect to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third not Super League generates revenues from (i) advertising, serving as a marketing channel for brands and advertisers to reach their target audiences of gamers across our network, (ii) content, curating and distributing esports and entertainment content for our own network of digital channels and media and entertainment partner channels and (iii) direct to consumer offers including digital subscriptions, digital goods, gameplay access fees and merchandise sales. Revenue billed or collected in advance is recorded as deferred revenue until the event occurs or until applicable performance obligations are satisfied. Advertising and Sponsorships Advertising revenue primarily consists of direct sales activity along with sales of programmatic display and video advertising units to third For advertising arrangements that include performance obligations satisfied over time, customers typically simultaneously receive and consume the benefits under the arrangement as we satisfy our performance obligations, over the applicable contract term. As such, revenue is recognized over the contract term based upon estimates of progress toward complete satisfaction of the contract performance obligations (typically utilizing a time, effort or delivery-based method of estimation). Revenue from shorter term advertising arrangements that provide for a contractual delivery or performance date is recognized when performance is substantially complete and or delivery occurs. Payments are typically due from customers during the term of the arrangement for longer-term campaigns, and once delivery is complete for shorter-term campaigns. Sponsorship revenue arrangements may twelve For sponsorship arrangements that include performance obligations satisfied over time, customers typically simultaneously receive and consume the benefits under the agreement as we satisfy our performance obligations, over the applicable contract term. As such, revenue is recognized over the contract term based upon estimates of progress toward complete satisfaction of the contract performance obligations (typically utilizing a time, effort or delivery-based method of estimation). Payments are typically due from customers during the term of the arrangement. Revenue from sponsorship arrangements for one Content Content sales revenue is generated in connection with our curation and distribution of esports and entertainment content for our own network of digital channels and media and entertainment partner channels. We distribute three 1 2 3 third For content arrangements that include performance obligations satisfied over time, customers typically simultaneously receive and consume the benefits under the arrangement as we satisfy our performance obligations, over the applicable contract term. As such, revenue is recognized over the contract term based upon estimates of progress toward complete satisfaction of the contract performance obligations (typically utilizing a time, effort or delivery-based method of estimation). Revenue from shorter term content sales arrangements that provide for a contractual delivery or performance date is recognized when performance is substantially complete and or delivery occurs. Payments are typically due from customers during the term of the arrangement for longer-term campaigns, and once delivery is complete for shorter-term campaigns. Payments are typically due from customers during the term of the arrangement for longer-term campaigns, and once delivery is complete for shorter-term campaigns. Direct to Consumer Direct to consumer revenues primarily consist of primarily monthly digital subscription fees, and sales of digital goods and merchandise. Subscription revenue is recognized in the period the services are rendered. Payments are typically due from customers at the point of sale. InPvP Platform Generated Sales Transactions Revenue for digital goods sold on the platform is recognized when Microsoft (our partner) collects the revenue and facilitates the transaction on the platform. Revenue for such arrangements includes all revenue generated, bad debt, make goods, and refunds of all transactions managed via the platform by Microsoft. The revenue is recognized on a monthly basis. Payments are made to the Company monthly based on the reconciled sales revenue generated. Revenue was comprised of the following for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Advertising and sponsorships $ 2,360,000 $ 299,000 $ 3,279,000 $ 373,000 Content sales 618,000 378,000 1,273,000 817,000 Direct to consumer 627,000 41,000 926,000 95,000 $ 3,605,000 $ 718,000 $ 5,478,000 $ 1,285,000 For the three nine September 30, 2021, three nine September 30, 2020, Cost of Revenues Cost of revenues includes direct costs incurred in connection with the satisfaction of performance obligations under our revenue arrangements including internal and third Advertising Gaming experience and Super League brand related advertising costs include the cost of ad production, social media, print media, marketing, promotions, and merchandising. The Company expenses advertising costs as incurred. Advertising costs are included in selling, marketing and advertising expenses in the accompanying statements of operations. Advertising expenses for the three nine September 30, 2021 three nine September 30, 2020 Engineering, Technology and Development Costs Components of our platform are available on a “free to use,” “always on basis,” and are utilized and offered as an audience acquisition tool, as a means of growing our audience, engagement, viewership, players and community. Engineering, technology and development related operating expenses includes the costs described below, incurred in connection with our audience acquisition and viewership expansion activities. Engineering, technology and development related operating expenses include (i) allocated internal engineering personnel expenses, including salaries, noncash stock compensation, taxes and benefits, (ii) third Acquisitions Acquisition Method. 805, 805” Cost Accumulation Model. not 805 not third not Contingent consideration, representing an obligation of the acquirer to transfer additional assets or equity interests to the seller if future events occur or conditions are met, is recognized when probable and reasonably estimable. Contingent consideration recognized is included in the initial cost of the assets acquired, with subsequent changes in the recorded amount of contingent consideration recognized as an adjustment to the cost basis of the acquired assets. Subsequent changes are allocated to the acquired assets based on their relative fair value. Depreciation and/or amortization of adjusted assets are recognized as a cumulative catch-up adjustment, as if the additional amount of consideration that is no Contingent consideration that is paid to sellers that remain employed by the acquirer and linked to future services is generally considered compensation cost and recorded in the statement of operations in the post-combination period. Intangible Assets Intangible assets primarily consist of (i) internal-use software development costs, (ii) domain name, copyright and patent registration costs, (iii) commercial licenses and branding rights, (iv) developed technology acquired, (v) partner, customer, creator and influencer related intangible assets acquired and (vi) other intangible assets, which are recorded at cost (or in accordance with the acquisition method or cost accumulation methods described above) and amortized using the straight-line method over the estimated useful lives of the assets, ranging from three Software development costs incurred to develop internal-use software during the application development stage are capitalized and amortized on a straight-line basis over the software’s estimated useful life, which is generally three Impairment of Long-Lived Assets The Company assesses the recoverability of long-lived assets whenever events or changes in circumstances indicate that their carrying value may not no no not Goodwill Goodwill represents the excess of the purchase price of the acquired business over the acquisition date fair value of the net assets acquired. Goodwill is tested for impairment at the reporting unit level (operating segment or one December 31) not If a potential impairment exists, a calculation is performed to determine the fair value of existing goodwill. This calculation can be based on quoted market prices and / or valuation models, which consider the estimated future undiscounted cash flows resulting from the reporting unit, and a discount rate commensurate with the risks involved. Third party appraised values may may When conducting the Company’s annual or interim goodwill impairment assessment, we initially perform a qualitative evaluation of whether it is more likely than not not 350 350” 350, not no At September 30, 2021, September 30, 2021, September 31, 2021 September 30, 2021, no Stock-Based Compensation Compensation expense for stock-based awards is measured at the grant date, based on the estimated fair value of the award, and is recognized as an expense, typically on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity award) which is generally two four Grants of equity-based awards (including warrants) to non-employees in exchange for consulting or other services are accounted for using the grant date fair value of the equity instruments issued. Noncash stock-based compensation expense for the periods presented was included in the following financial statement line items: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Sales, marketing and advertising $ 289,000 $ 272,000 $ 708,000 $ 668,000 Engineering, technology and development 41,000 51,000 98,000 199,000 General and administrative 306,000 147,000 803,000 703,000 Total noncash stock compensation expense $ 636,000 $ 470,000 $ 1,609,000 $ 1,570,000 Equity Financing Costs Specific incremental costs directly attributable to a proposed or actual offering of securities or debt are deferred and charged against the gross proceeds of the financing. In the event that the proposed or actual financing is not not three nine September 30, 2021, three nine September 30, 2020, Reportable Segments The Company utilizes the management approach to identify the Company’s operating segments and measure the financial information disclosed, based on information reported internally to the Chief Operating Decision Maker (“CODM”) to make resource allocation and performance assessment decisions. An operating segment of a public entity has all the following characteristics: ( 1 may 2 3 1 2 A reportable segment is an identified operating segment that also exceeds the quantitative thresholds described in the applicable standard. Based on the applicable criteria under the standard, including quantitative thresholds, management has determined that the Company has one Concentration of Credit Risks Financial instruments that potentially subject the Company to concentrations of credit risk are cash equivalents, investments and accounts receivable. The Company places its cash equivalents and investments primarily in highly rated money market funds. Cash equivalents are also invested in deposits with certain financial institutions and may, not Risks and Uncertainties Concentrations 10% 10% 10% Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Number of customers > 10% of revenues / percent of revenues Two / 34 % Two / 43 % Two / 25 % Two / 54 % Revenue concentrations were comprised of the following revenue categories: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Advertising and sponsorships 19 % 28 % 12 % 40 % Direct to consumer 15 % 15 % 13 % 14 % 34 % 43 % 25 % 54 % September 30, 2021 December 31, 2020 Number of customers > 10% of accounts receivable / percent of accounts receivable Two / 34 % Four / 61 % Number of vendors > 10% of accounts payable / percent of accounts payable Two / 29 % One / 55 % Earnings (Loss) Per Share Basic earnings (loss) per share is computed by dividing the income or loss by the weighted-average number of outstanding shares of common stock for the applicable period. Diluted earnings per share is computed by dividing the income or loss by the weighted-average number of outstanding shares of common stock for the applicable period, including the dilutive effect of common stock equivalents. Potentially dilutive common stock equivalents primarily consist of employee stock options, warrants issued to employees and non-employees in exchange for services and warrants issued in connection with financings. All outstanding stock options, restricted stock units and warrants, totaling 5,041,000 and 4,470,000 at September 30, 2021 December 31, 2020, Recent Accounting Guidance Recent Accounting Pronouncements - Not February 2016, December 15, 2021 Recent Accounting Pronouncements - Adopted. June 2016, first December 31, 2021. not |
Note 3 - Intangible and Other A
Note 3 - Intangible and Other Assets | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 3. INTANGIBLE AND OTHER ASSETS Intangible and other assets consisted of the following for the periods presented: September 30, 2021 December 31, 2020 (Unaudited) Capitalized software development costs $ 3,835,000 $ 3,275,000 Trade name 189,000 189,000 Domain 68,000 68,000 Copyrights and other 610,000 435,000 Intangible assets acquired in connection with Mobcrush Acquisition (Note 4) 19,500,000 - Developed technology acquired in connection with Bannerfy Acquisition (Note 4) 3,068,000 - 27,270,000 3,967,000 Less: accumulated amortization (3,965,000 ) (2,060,000 ) Intangible and other assets, net $ 23,305,000 $ 1,907,000 Amortization expense for the three nine September 30, 2021 three nine September 30, 2021 three nine September 30, 2020 |
Note 4 - Acquisitions
Note 4 - Acquisitions | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 4. ACQUISITIONS Acquisition of Bannerfy, LTD On August 11, 2021, August 24, 2021, Pursuant to the Bannerfy Purchase Agreement, upon the consummation of the Bannerfy Acquisition (the “Bannerfy Closing”), the Company paid an initial payment (subject to a holdback as described below) of $2.45 million (the "Bannerfy Closing Consideration"), paid or to be paid as follows (i) $525,000 in the form of a cash payment, and (ii) $1.92 million in the form of shares of the Company's common stock, at a price per share of $4.10, the closing price of the Company’s common stock on the effective date of the Bannerfy Purchase Agreement, as reported on the Nasdaq Capital Market. Pursuant to the terms of the Bannerfy Purchase Agreement, $275,000 of the Bannerfy Closing Consideration (“Holdback Amount”), was withheld from the Bannerfy Closing Consideration to satisfy any indemnifiable losses incurred by the Company (as defined in the Bannerfy Purchase Agreement) prior to the first no first $4.10. In accordance with the Bannerfy Purchase Agreement, all remaining portions of the Bannerfy Purchase Price subsequent to the payment of the Bannerfy Closing Consideration, up to approximately $4.55 million (the "Contingent Consideration"), is payable upon the achievement of certain revenue and gross profit thresholds for the remainder of the 2021 December 31, 2022, December 31, 2023 ( 2021, 2022 2023 $4.10 The Bannerfy Acquisition was accounted for in accordance with ASC 805. 805, not not 805, Transaction costs incurred in connection with the Bannerfy Acquisition totaled $62,000, which are included as a component of the purchase price paid in connection with the Bannerfy Acquisition. The Bannerfy Purchase Price paid as of September 30, 2021, $2.45 $62,000 seven not Aggregated amortization expense for each of the three nine September 30, 2021, The Company hired the former director of Bannerfy (“Bannerfy Executive”), who was also a selling shareholder of Bannerfy. Pursuant to the provisions of the Bannerfy Purchase Agreement, in the event that the Bannerfy Executive ceases to be an employee, during any of the Earnout Periods, as a consequence of his resignation or termination for cause, as defined in the Bannerfy Purchase Agreement, the Bannerfy Executive shall only be entitled to such percentage of any Contingent Consideration payment which would otherwise be payable to him on a prorated basis based on the number of months employed during the applicable Earnout Period. Under ASC 805, not The Bannerfy Acquisition was treated for tax purposes as a nontaxable transaction and, as such, the historical tax bases of the acquired assets and assumed liabilities, net operating losses, and other tax attributes of Bannerfy will carryover. As a result, there is no not 805, 740, 740” Book Basis Tax Basis Difference Intangible assets acquired 2,512,000 - (2,512,000 ) Estimated net operating loss carryforwards - Bannerfy 144,000 144,000 Net deferred tax liability - pretax (2,368,000 ) Estimated tax rate 19 % Estimated net deferred tax liability – Pursuant to ASC 740 (1) $ (556,000 ) ( 1 Pursuant to ASC 740, Acquisition of Mobcrush On March 9, 2021, April 20, 2021, ( On June 1, 2021, 2014 The Merger was approved by the board of directors of each of the Company and Mobcrush, and was approved by the stockholders of Mobcrush. For purposes of complying with Nasdaq Listing Rule 5635, Transaction costs incurred by the Company relating to the Merger totaled $636,000 and were expensed as incurred in accordance with the acquisition method of accounting. In accordance with the acquisition method of accounting, the financial results of Super League presented herein include the financial results of Mobcrush from the Mobcrush Closing Date to the end of the current period presented herein (the "Stub Period"). Total revenues and net loss for Mobcrush operations, for the Stub Period, included in the consolidated statements of operations for each of the three nine September 30, 2021 The Company determined that the Merger constitutes a business acquisition as defined by Accounting Standards Codification (“ASC”) 805, Business Combinations 805. 820, Fair Value Measurements and Disclosures 820” The following table summarizes the determination of the fair value of the purchase price consideration paid in connection with the Merger: Equity Consideration at closing – common stock 12,067,571 Super League closing stock price per share on the Mobcrush Closing Date $4.96 Fair value of common stock issued $ 59,855,000 The fair value of the Company Common Stock used in determining the estimated fair value of the Merger Consideration was $4.96 per share based on the closing price of Company Common Stock on June 1, 2021, The purchase price allocation was based upon a preliminary estimate of the fair value of the assets acquired and the liabilities assumed by the Company in connection with the Merger, as follows: Amount Assets Acquired and Liabilities Assumed: Cash $ 586,000 Accounts receivable 1,266,000 Prepaids 141,000 Property and equipment 13,000 Identifiable intangible assets 19,500,000 Accounts payable and accrued expenses (2,008,000 ) Deferred revenue (130,000 ) Net deferred income tax liability (3,073,000 ) Identifiable net assets acquired 16,295,000 Goodwill 43,560,000 Total purchase price $ 59,855,000 The following table presents details of the fair values of the acquired intangible assets of Mobcrush: Estimated Useful Life (in years) Amount Preferred partner relationship 7 10,700,000 Developed technology 5 3,900,000 Influencers/content creators 5 2,000,000 Advertiser and agency relationships 5 1,900,000 Trademarks 7 500,000 Customer relationships 5 500,000 Total intangible assets acquired $ 19,500,000 Aggregated amortization expense for the three nine September 30, 2021, Pursuant to the terms of the Merger Agreement, immediately prior to the effective time of the Merger, each vested option to acquire shares of Mobcrush common stock held by former Mobcrush employees was exercised so that, at the effective time of the Merger, shares of Mobcrush Common Stock issued upon exercise of these vested options received shares of Company Common Stock issuable as Merger Consideration. Unvested options to acquire shares of Mobcrush common stock that were outstanding immediately prior to the Mobcrush Closing Date were canceled, and a number of options to purchase shares of Company Common Stock were issued to replace the cancelled unvested Mobcrush options in a manner consistent with options historically granted by Super League under the Super League 2014 Pursuant to the terms of the Mobcrush Merger Agreement, 514,633 shares of the Company's common stock were reserved for Replacement Option grants to the former Mobcrush employees retained by the Company in connection with the Merger. As of September 30, 2021, 805, not not 718, Stock based Compensation, three nine September 30, 2021, Management is primarily responsible for determining the fair value of the tangible and identifiable intangible assets acquired and liabilities assumed as of the Mobcrush Closing Date. Management considered a number of factors, including reference to a preliminary independent analysis of estimated fair values solely for the purpose of allocating the purchase price to the assets acquired and liabilities assumed. The analysis included a preliminary discounted cash flow analysis which estimated the future net cash flows expected to result from the respective assets acquired as of the Mobcrush Closing Date. A discount rate consistent with the risks associated with achieving the estimated net cash flows was used to estimate the present value of future estimated net cash flows. The Company is in the process of finalizing the estimates and assumptions developed in connection with the independent analysis of estimated fair values of intangible assets acquired solely for the purpose of allocating the purchase price to the assets acquired and liabilities assumed. Any adjustments to the fair values of intangibles assets acquired, or estimates of economic useful lives of the intangible assets acquired, could impact the carrying value of those assets and related goodwill, as well as the estimates of periodic amortization of intangible assets acquired to be reflected in the statement of operations. In addition, the Company is in the process of finalizing its estimate and analysis of the fair values of certain tax attributes acquired. Any adjustments to the preliminary estimates of tax attributes acquired will increase or decrease the estimated net deferred tax liability recorded in connection with the acquisition method of accounting, with an offsetting adjustment to goodwill. The Merger was treated for tax purposes as a nontaxable transaction and, as such, the historical tax bases of the acquired assets and assumed liabilities, net operating losses, and other tax attributes of Mobcrush will carryover. As a result, no no Book Basis Tax Basis Difference Intangible assets acquired 19,500,000 2,635,000 $ (16,865,000 ) Tangible assets acquired 13,000 (13,000 ) Estimated net operating loss carryforwards - Mobcrush - 5,895,000 5,895,000 Net deferred tax liability - pretax (10,983,000 ) Estimated tax rate 27.98 % Estimated net deferred tax liability $ (3,073,000 ) Release of Valuation Allowance nine September 30, 2021. $3,073,000 The following unaudited pro forma combined results of operations for the periods presented are provided for illustrative purposes only. The unaudited pro forma combined statements of operations for the three nine September 30, 2021 2020, January 1, 2020. not Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Revenue $ 3,605,000 $ 2,138,000 $ 8,782,000 $ 5,765,000 Net Loss (6,964,000 ) (6,468,000 ) (16,119,000 ) (21,895,000 ) Pro forma adjustments primarily relate to the amortization of identifiable intangible assets acquired over the estimated economic useful life as described above, the expensing of stock options issued to former Mobcrush employees acquired in connection with the Merger, the exclusion of interest expense related to convertible debt of Mobcrush not The unaudited pro forma combined statements of operations for the periods presented herein have been adjusted to give effect to pro forma events that are expected to have a continuing impact on the combined results. As such, the income tax benefit related to the release of valuation allowance reflected in the statement of income for the nine September 30, 2021, $3,073,000, not Acquisition of Framerate, Inc. On June 3, 2019, June 6, 2019 ( In addition to the issuance of the Closing Shares, the Merger Agreement provided for the issuance of up to an additional $980,000 worth of shares of the Company’s common stock at the same price per share as the Closing Shares (the “Earn-Out Shares”) in the event Framerate achieves certain performance-based milestones during the two June 6, 2021 ( June 2020, one The Company hired the former Chief Executive of Framerate (“Framerate Executive”), who was also a selling shareholder of Framerate. Under ASC 805, not two second July 2020 |
Note 5 - Note Payable
Note 5 - Note Payable | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 5. NOTE PAYABLE Long-Term Note Payable On May 4, 2020, May 4, 2022, The PPP Loan was accounted for as a financial liability in accordance with FASB ASC 470, Debt. 1 2 In May 2021, |
Note 6 - Stockholder's Equity
Note 6 - Stockholder's Equity | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 6. STOCKHOLDERS EQUITY Financing Activities Year to Date September 30, 2021 In January 2021, In February 2021, In March 2021, The offerings described above were made pursuant to an effective shelf registration statement on Form S- 3, April 10, 2020 ( No. 333 237626 may On September 3, 2021, Sales Agreement two may Offering Shares 3 SEC September 3, 2021 ( Form S- 3 3, 3 Subject to the terms and conditions of the Sales Agreement, the Agents will use their commercially reasonable efforts to sell the Shares from time to time, based upon the Company’s instructions. Under the Sales Agreement, the Agents may 415 1933, Securities Act may The Company has no may one 3 Under the terms of the Sales Agreement, the Agents will be entitled to an aggregate commission at a fixed rate of 3.0% of the gross sales price of Shares sold under the Sales Agreement. The Company intends to use the net proceeds from any “at-the-market” offering primarily for working capital and general corporate purposes, including sales and marketing activities, product development and capital expenditures. The Company may Year to Date September 30, 2020 In May 2020, 3 In August 2020, 1 No. 333 248248 462 30 September 2020, |
Note 7 - Subsequent Events
Note 7 - Subsequent Events | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 7. SUBSEQUENT EVENTS The Company evaluated subsequent events for their potential impact on the consolidated condensed financial statements and disclosures through the date the consolidated condensed financial statements were available to be issued and determined that, except as set forth below, no Bloxbiz Co. Acquisition On October 4, 2021 ( At closing, the Company paid an aggregate total of $6.0 million to Bloxbiz and the Founders (the “Bloxbiz Closing Consideration”), of which $3.0 million was paid in the form of cash (the “Bloxbiz Closing Cash Consideration”) and $3.0 million was paid in the form of shares of the Company's common stock, at a per share price of $2.91, the closing price of the Company's common stock on the Bloxbiz Closing Date, as reported on the Nasdaq Capital Market (the “Bloxbiz Stock Consideration”). Pursuant to the terms and subject to the conditions of the Bloxbiz Purchase Agreement, up to aggregate amount $11.5 million will be payable to Bloxbiz and the Founders in connection with the achievement of certain revenue milestones for the period from the Bloxbiz Closing Date until December 31, 2022 December 31, 2023 ( The Bloxbiz Acquisition was approved by the board of directors of each of the Company and Bloxbiz, and was approved by the stockholders of Bloxbiz. The foregoing description of the Bloxbiz Purchase Agreement does not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2021 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10 8 03 X. December 31, 2020 10 December 31, 2020, March 19, 2021. The year-end consolidated condensed balance sheet data was derived from audited financial statements, but does not The consolidated condensed interim financial statements of Super League include all adjustments of a normal recurring nature which, in the opinion of management, are necessary for a fair statement of Super League’s financial position as of September 30, 2021, three nine September 30, 2021 not |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications Certain reclassifications to operating expense line items have been made to prior year amounts for consistency and comparability with the current year’s consolidated condensed financial statements presentation. These reclassifications had no |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. The Company believes that, of the significant accounting policies described herein, the accounting policies associated with revenue recognition, impairment of goodwill and intangibles, stock-based compensation expense, capitalized internal-use-software costs, accounting for business combinations, and accounting for income taxes and valuation allowances against net deferred tax assets, require its most difficult, subjective or complex judgments. |
Revenue from Contract with Customer [Policy Text Block] | Revenue Recognition Revenue is recognized when the Company transfers promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods and services. In this regard, revenue is recognized when: (i) the parties to the contract have approved the contract (in writing, orally, or in accordance with other customary business practices) and are committed to perform their respective obligations; (ii) the entity can identify each party’s rights regarding the goods or services to be transferred; (iii) the entity can identify the payment terms for the goods or services to be transferred; (iv) the contract has commercial substance (that is, the risk, timing, or amount of the entity’s future cash flows is expected to change as a result of the contract); and (v) it is probable that the entity will collect substantially all of the consideration to which it will be entitled in exchange for the goods or services that will be transferred to the customer. Transaction prices are based on the amount of consideration to which we expect to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third not Super League generates revenues from (i) advertising, serving as a marketing channel for brands and advertisers to reach their target audiences of gamers across our network, (ii) content, curating and distributing esports and entertainment content for our own network of digital channels and media and entertainment partner channels and (iii) direct to consumer offers including digital subscriptions, digital goods, gameplay access fees and merchandise sales. Revenue billed or collected in advance is recorded as deferred revenue until the event occurs or until applicable performance obligations are satisfied. Advertising and Sponsorships Advertising revenue primarily consists of direct sales activity along with sales of programmatic display and video advertising units to third For advertising arrangements that include performance obligations satisfied over time, customers typically simultaneously receive and consume the benefits under the arrangement as we satisfy our performance obligations, over the applicable contract term. As such, revenue is recognized over the contract term based upon estimates of progress toward complete satisfaction of the contract performance obligations (typically utilizing a time, effort or delivery-based method of estimation). Revenue from shorter term advertising arrangements that provide for a contractual delivery or performance date is recognized when performance is substantially complete and or delivery occurs. Payments are typically due from customers during the term of the arrangement for longer-term campaigns, and once delivery is complete for shorter-term campaigns. Sponsorship revenue arrangements may twelve For sponsorship arrangements that include performance obligations satisfied over time, customers typically simultaneously receive and consume the benefits under the agreement as we satisfy our performance obligations, over the applicable contract term. As such, revenue is recognized over the contract term based upon estimates of progress toward complete satisfaction of the contract performance obligations (typically utilizing a time, effort or delivery-based method of estimation). Payments are typically due from customers during the term of the arrangement. Revenue from sponsorship arrangements for one Content Content sales revenue is generated in connection with our curation and distribution of esports and entertainment content for our own network of digital channels and media and entertainment partner channels. We distribute three 1 2 3 third For content arrangements that include performance obligations satisfied over time, customers typically simultaneously receive and consume the benefits under the arrangement as we satisfy our performance obligations, over the applicable contract term. As such, revenue is recognized over the contract term based upon estimates of progress toward complete satisfaction of the contract performance obligations (typically utilizing a time, effort or delivery-based method of estimation). Revenue from shorter term content sales arrangements that provide for a contractual delivery or performance date is recognized when performance is substantially complete and or delivery occurs. Payments are typically due from customers during the term of the arrangement for longer-term campaigns, and once delivery is complete for shorter-term campaigns. Payments are typically due from customers during the term of the arrangement for longer-term campaigns, and once delivery is complete for shorter-term campaigns. Direct to Consumer Direct to consumer revenues primarily consist of primarily monthly digital subscription fees, and sales of digital goods and merchandise. Subscription revenue is recognized in the period the services are rendered. Payments are typically due from customers at the point of sale. InPvP Platform Generated Sales Transactions Revenue for digital goods sold on the platform is recognized when Microsoft (our partner) collects the revenue and facilitates the transaction on the platform. Revenue for such arrangements includes all revenue generated, bad debt, make goods, and refunds of all transactions managed via the platform by Microsoft. The revenue is recognized on a monthly basis. Payments are made to the Company monthly based on the reconciled sales revenue generated. Revenue was comprised of the following for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Advertising and sponsorships $ 2,360,000 $ 299,000 $ 3,279,000 $ 373,000 Content sales 618,000 378,000 1,273,000 817,000 Direct to consumer 627,000 41,000 926,000 95,000 $ 3,605,000 $ 718,000 $ 5,478,000 $ 1,285,000 For the three nine September 30, 2021, three nine September 30, 2020, |
Cost of Goods and Service [Policy Text Block] | Cost of Revenues Cost of revenues includes direct costs incurred in connection with the satisfaction of performance obligations under our revenue arrangements including internal and third |
Advertising Cost [Policy Text Block] | Advertising Gaming experience and Super League brand related advertising costs include the cost of ad production, social media, print media, marketing, promotions, and merchandising. The Company expenses advertising costs as incurred. Advertising costs are included in selling, marketing and advertising expenses in the accompanying statements of operations. Advertising expenses for the three nine September 30, 2021 three nine September 30, 2020 |
Research, Development, and Computer Software, Policy [Policy Text Block] | Engineering, Technology and Development Costs Components of our platform are available on a “free to use,” “always on basis,” and are utilized and offered as an audience acquisition tool, as a means of growing our audience, engagement, viewership, players and community. Engineering, technology and development related operating expenses includes the costs described below, incurred in connection with our audience acquisition and viewership expansion activities. Engineering, technology and development related operating expenses include (i) allocated internal engineering personnel expenses, including salaries, noncash stock compensation, taxes and benefits, (ii) third |
Business Combinations Policy [Policy Text Block] | Acquisitions Acquisition Method. 805, 805” Cost Accumulation Model. not 805 not third not Contingent consideration, representing an obligation of the acquirer to transfer additional assets or equity interests to the seller if future events occur or conditions are met, is recognized when probable and reasonably estimable. Contingent consideration recognized is included in the initial cost of the assets acquired, with subsequent changes in the recorded amount of contingent consideration recognized as an adjustment to the cost basis of the acquired assets. Subsequent changes are allocated to the acquired assets based on their relative fair value. Depreciation and/or amortization of adjusted assets are recognized as a cumulative catch-up adjustment, as if the additional amount of consideration that is no Contingent consideration that is paid to sellers that remain employed by the acquirer and linked to future services is generally considered compensation cost and recorded in the statement of operations in the post-combination period. |
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | Intangible Assets Intangible assets primarily consist of (i) internal-use software development costs, (ii) domain name, copyright and patent registration costs, (iii) commercial licenses and branding rights, (iv) developed technology acquired, (v) partner, customer, creator and influencer related intangible assets acquired and (vi) other intangible assets, which are recorded at cost (or in accordance with the acquisition method or cost accumulation methods described above) and amortized using the straight-line method over the estimated useful lives of the assets, ranging from three Software development costs incurred to develop internal-use software during the application development stage are capitalized and amortized on a straight-line basis over the software’s estimated useful life, which is generally three |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Impairment of Long-Lived Assets The Company assesses the recoverability of long-lived assets whenever events or changes in circumstances indicate that their carrying value may not no no not |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Goodwill Goodwill represents the excess of the purchase price of the acquired business over the acquisition date fair value of the net assets acquired. Goodwill is tested for impairment at the reporting unit level (operating segment or one December 31) not If a potential impairment exists, a calculation is performed to determine the fair value of existing goodwill. This calculation can be based on quoted market prices and / or valuation models, which consider the estimated future undiscounted cash flows resulting from the reporting unit, and a discount rate commensurate with the risks involved. Third party appraised values may may When conducting the Company’s annual or interim goodwill impairment assessment, we initially perform a qualitative evaluation of whether it is more likely than not not 350 350” 350, not no At September 30, 2021, September 30, 2021, September 31, 2021 September 30, 2021, no |
Compensation Related Costs, Policy [Policy Text Block] | Stock-Based Compensation Compensation expense for stock-based awards is measured at the grant date, based on the estimated fair value of the award, and is recognized as an expense, typically on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity award) which is generally two four Grants of equity-based awards (including warrants) to non-employees in exchange for consulting or other services are accounted for using the grant date fair value of the equity instruments issued. Noncash stock-based compensation expense for the periods presented was included in the following financial statement line items: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Sales, marketing and advertising $ 289,000 $ 272,000 $ 708,000 $ 668,000 Engineering, technology and development 41,000 51,000 98,000 199,000 General and administrative 306,000 147,000 803,000 703,000 Total noncash stock compensation expense $ 636,000 $ 470,000 $ 1,609,000 $ 1,570,000 |
Stockholders' Equity, Policy [Policy Text Block] | Equity Financing Costs Specific incremental costs directly attributable to a proposed or actual offering of securities or debt are deferred and charged against the gross proceeds of the financing. In the event that the proposed or actual financing is not not three nine September 30, 2021, three nine September 30, 2020, |
Segment Reporting, Policy [Policy Text Block] | Reportable Segments The Company utilizes the management approach to identify the Company’s operating segments and measure the financial information disclosed, based on information reported internally to the Chief Operating Decision Maker (“CODM”) to make resource allocation and performance assessment decisions. An operating segment of a public entity has all the following characteristics: ( 1 may 2 3 1 2 A reportable segment is an identified operating segment that also exceeds the quantitative thresholds described in the applicable standard. Based on the applicable criteria under the standard, including quantitative thresholds, management has determined that the Company has one |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risks Financial instruments that potentially subject the Company to concentrations of credit risk are cash equivalents, investments and accounts receivable. The Company places its cash equivalents and investments primarily in highly rated money market funds. Cash equivalents are also invested in deposits with certain financial institutions and may, not Risks and Uncertainties Concentrations 10% 10% 10% Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Number of customers > 10% of revenues / percent of revenues Two / 34 % Two / 43 % Two / 25 % Two / 54 % Revenue concentrations were comprised of the following revenue categories: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Advertising and sponsorships 19 % 28 % 12 % 40 % Direct to consumer 15 % 15 % 13 % 14 % 34 % 43 % 25 % 54 % September 30, 2021 December 31, 2020 Number of customers > 10% of accounts receivable / percent of accounts receivable Two / 34 % Four / 61 % Number of vendors > 10% of accounts payable / percent of accounts payable Two / 29 % One / 55 % |
Earnings Per Share, Policy [Policy Text Block] | Earnings (Loss) Per Share Basic earnings (loss) per share is computed by dividing the income or loss by the weighted-average number of outstanding shares of common stock for the applicable period. Diluted earnings per share is computed by dividing the income or loss by the weighted-average number of outstanding shares of common stock for the applicable period, including the dilutive effect of common stock equivalents. Potentially dilutive common stock equivalents primarily consist of employee stock options, warrants issued to employees and non-employees in exchange for services and warrants issued in connection with financings. All outstanding stock options, restricted stock units and warrants, totaling 5,041,000 and 4,470,000 at September 30, 2021 December 31, 2020, |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Guidance Recent Accounting Pronouncements - Not February 2016, December 15, 2021 Recent Accounting Pronouncements - Adopted. June 2016, first December 31, 2021. not |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Advertising and sponsorships $ 2,360,000 $ 299,000 $ 3,279,000 $ 373,000 Content sales 618,000 378,000 1,273,000 817,000 Direct to consumer 627,000 41,000 926,000 95,000 $ 3,605,000 $ 718,000 $ 5,478,000 $ 1,285,000 |
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Sales, marketing and advertising $ 289,000 $ 272,000 $ 708,000 $ 668,000 Engineering, technology and development 41,000 51,000 98,000 199,000 General and administrative 306,000 147,000 803,000 703,000 Total noncash stock compensation expense $ 636,000 $ 470,000 $ 1,609,000 $ 1,570,000 |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Number of customers > 10% of revenues / percent of revenues Two / 34 % Two / 43 % Two / 25 % Two / 54 % Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Advertising and sponsorships 19 % 28 % 12 % 40 % Direct to consumer 15 % 15 % 13 % 14 % 34 % 43 % 25 % 54 % September 30, 2021 December 31, 2020 Number of customers > 10% of accounts receivable / percent of accounts receivable Two / 34 % Four / 61 % Number of vendors > 10% of accounts payable / percent of accounts payable Two / 29 % One / 55 % |
Note 3 - Intangible and Other_2
Note 3 - Intangible and Other Assets (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | September 30, 2021 December 31, 2020 (Unaudited) Capitalized software development costs $ 3,835,000 $ 3,275,000 Trade name 189,000 189,000 Domain 68,000 68,000 Copyrights and other 610,000 435,000 Intangible assets acquired in connection with Mobcrush Acquisition (Note 4) 19,500,000 - Developed technology acquired in connection with Bannerfy Acquisition (Note 4) 3,068,000 - 27,270,000 3,967,000 Less: accumulated amortization (3,965,000 ) (2,060,000 ) Intangible and other assets, net $ 23,305,000 $ 1,907,000 |
Note 4 - Acquisitions (Tables)
Note 4 - Acquisitions (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Business Acquisition, Estimate Deferred Tax Liabilities [Table Text Block] | Book Basis Tax Basis Difference Intangible assets acquired 2,512,000 - (2,512,000 ) Estimated net operating loss carryforwards - Bannerfy 144,000 144,000 Net deferred tax liability - pretax (2,368,000 ) Estimated tax rate 19 % Estimated net deferred tax liability – Pursuant to ASC 740 (1) $ (556,000 ) Book Basis Tax Basis Difference Intangible assets acquired 19,500,000 2,635,000 $ (16,865,000 ) Tangible assets acquired 13,000 (13,000 ) Estimated net operating loss carryforwards - Mobcrush - 5,895,000 5,895,000 Net deferred tax liability - pretax (10,983,000 ) Estimated tax rate 27.98 % Estimated net deferred tax liability $ (3,073,000 ) |
Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block] | Equity Consideration at closing – common stock 12,067,571 Super League closing stock price per share on the Mobcrush Closing Date $4.96 Fair value of common stock issued $ 59,855,000 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Amount Assets Acquired and Liabilities Assumed: Cash $ 586,000 Accounts receivable 1,266,000 Prepaids 141,000 Property and equipment 13,000 Identifiable intangible assets 19,500,000 Accounts payable and accrued expenses (2,008,000 ) Deferred revenue (130,000 ) Net deferred income tax liability (3,073,000 ) Identifiable net assets acquired 16,295,000 Goodwill 43,560,000 Total purchase price $ 59,855,000 |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] | Estimated Useful Life (in years) Amount Preferred partner relationship 7 10,700,000 Developed technology 5 3,900,000 Influencers/content creators 5 2,000,000 Advertiser and agency relationships 5 1,900,000 Trademarks 7 500,000 Customer relationships 5 500,000 Total intangible assets acquired $ 19,500,000 |
Business Acquisition, Pro Forma Information [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Revenue $ 3,605,000 $ 2,138,000 $ 8,782,000 $ 5,765,000 Net Loss (6,964,000 ) (6,468,000 ) (16,119,000 ) (21,895,000 ) |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | |
Advertising Expense | $ 131,000 | $ 22,000 | $ 379,000 | $ 73,000 | |
Number of Reportable Segments | 1 | ||||
Goodwill, Ending Balance | 46,125,000 | $ 46,125,000 | $ 2,565,000 | ||
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount | 17,200,000 | 17,200,000 | |||
Payments of Financing Costs, Total | $ 215,000 | $ 434,000 | $ 215,000 | $ 1,203,000 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 5,041,000 | 4,470,000 | |||
Computer Software, Intangible Asset [Member] | |||||
Finite-Lived Intangible Asset, Useful Life (Year) | 3 years | ||||
Minimum [Member] | |||||
Finite-Lived Intangible Asset, Useful Life (Year) | 3 years | ||||
Maximum [Member] | |||||
Finite-Lived Intangible Asset, Useful Life (Year) | 10 years | ||||
Transferred at Point in Time [Member] | |||||
Percentage of Revenue | 23.00% | 65.00% | 29.00% | 55.00% | |
Transferred over Time [Member] | |||||
Percentage of Revenue | 77.00% | 35.00% | 71.00% | 45.00% |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Revenue | $ 3,605,000 | $ 718,000 | $ 5,478,000 | $ 1,285,000 |
Advertising and Sponsorships [Member] | ||||
Revenue | 2,360,000 | 299,000 | 3,279,000 | 373,000 |
Content Sales [Member] | ||||
Revenue | 618,000 | 378,000 | 1,273,000 | 817,000 |
Direct To Consumer [Member] | ||||
Revenue | $ 627,000 | $ 41,000 | $ 926,000 | $ 95,000 |
Note 2 - Summary of Significa_5
Note 2 - Summary of Significant Accounting Policies - Noncash Stock-based Compensation Expense (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Noncash stock compensation expense | $ 636,000 | $ 470,000 | $ 1,609,000 | $ 1,570,000 |
Selling and Marketing Expense [Member] | ||||
Noncash stock compensation expense | 289,000 | 272,000 | 708,000 | 668,000 |
Research and Development Expense [Member] | ||||
Noncash stock compensation expense | 41,000 | 51,000 | 98,000 | 199,000 |
General and Administrative Expense [Member] | ||||
Noncash stock compensation expense | $ 306,000 | $ 147,000 | $ 803,000 | $ 703,000 |
Note 2 - Summary of Significa_6
Note 2 - Summary of Significant Accounting Policies - Concentrations Risk (Details) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | |||||
Number of customers | 2 | 2 | 2 | 2 | |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Two Customers [Member] | |||||
Concentration risk, percentage | 34.00% | 43.00% | 25.00% | 54.00% | |
Revenue Benchmark [Member] | Product Concentration Risk [Member] | Advertising and Sponsorships [Member] | |||||
Concentration risk, percentage | 19.00% | 28.00% | 12.00% | 40.00% | |
Revenue Benchmark [Member] | Product Concentration Risk [Member] | Direct To Consumer [Member] | |||||
Concentration risk, percentage | 15.00% | 15.00% | 13.00% | 14.00% | |
Revenue Benchmark [Member] | Product Concentration Risk [Member] | Advertising and Sponsorships and Direct To Consumer [Member] | |||||
Concentration risk, percentage | 34.00% | 43.00% | 25.00% | 54.00% | |
Accounts Receivable [Member] | Customer Concentration Risk [Member] | |||||
Number of customers | 2 | ||||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Two Customers [Member] | |||||
Concentration risk, percentage | 34.00% | ||||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Four Customers [Member] | |||||
Number of customers | 4 | ||||
Concentration risk, percentage | 61.00% | ||||
Accounts Payable [Member] | Supplier Concentration Risk [Member] | |||||
Number of customers | 2 | ||||
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Two Vendors [Member] | |||||
Concentration risk, percentage | 29.00% | ||||
Accounts Payable [Member] | Supplier Concentration Risk [Member] | One Vendor [Member] | |||||
Number of customers | 1 | ||||
Concentration risk, percentage | 55.00% |
Note 3 - Intangible and Other_3
Note 3 - Intangible and Other Assets (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Amortization of Intangible Assets, Total | $ 1,110,000 | $ 1,857,000 | ||
Cost of Sales [Member] | ||||
Amortization of Intangible Assets, Total | $ 33,000 | $ 217,000 | $ 49,000 | $ 1,013,000 |
Note 3 - Intangible and Other_4
Note 3 - Intangible and Other Assets - Intangible and Other Assets (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Intangible assets, gross | $ 27,270,000 | $ 3,967,000 |
Less: accumulated amortization | (3,965,000) | (2,060,000) |
Intangible and other assets, net | 23,305,000 | 1,907,000 |
Capitalized Software Development Costs [Member] | ||
Intangible assets, gross | 3,835,000 | 3,275,000 |
Trade Name Cost [Member] | ||
Intangible assets, gross | 189,000 | 189,000 |
Domain [Member] | ||
Intangible assets, gross | 68,000 | 68,000 |
Copyrights [Member] | ||
Intangible assets, gross | 610,000 | 435,000 |
Intangible Assets Acquired In Connection With Mobcrush Acquisition [Member] | ||
Intangible assets, gross | 19,500,000 | 0 |
Intangible Assets Acquired in Connection With Bannerfy Acquisition [Member] | ||
Intangible assets, gross | $ 3,068,000 | $ 0 |
Note 4 - Acquisitions (Details
Note 4 - Acquisitions (Details Textual) - USD ($) | Aug. 24, 2021 | Jun. 06, 2021 | Jun. 01, 2021 | Jun. 06, 2019 | Jul. 31, 2020 | Jun. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Aug. 24, 2021 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 |
Amortization of Intangible Assets, Total | $ 1,110,000 | $ 1,857,000 | ||||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||
Net Income (Loss) Attributable to Parent, Total | $ (6,964,000) | $ (4,298,000) | $ (13,615,000) | $ (13,992,000) | ||||||||
Super League Closing Stock Price Per Share On the Closing Date (in dollars per share) | $ 4.96 | |||||||||||
Share-based Payment Arrangement, Expense | 636,000 | 470,000 | 1,609,000 | 1,570,000 | ||||||||
Income Tax Expense (Benefit), Total | $ (5,000) | $ 0 | (3,078,000) | $ 0 | ||||||||
Deferred Compensation Arrangement with Individual, Compensation Expense | $ 90,000 | |||||||||||
Merger Agreement [Member] | ||||||||||||
Income Tax Expense (Benefit), Total | $ (3,073,000) | |||||||||||
Former Mobcrush Employees [Member] | ||||||||||||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 514,633 | 514,633 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 415,000 | |||||||||||
Share-based Payment Arrangement, Expense | $ 96,000 | $ 136,000 | ||||||||||
Mobcrush Acquisition [Member] | ||||||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | 0.001 | |||||||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | |||||||||||
Developed Technology Rights [Member] | ||||||||||||
Amortization of Intangible Assets, Total | 36,000 | 36,000 | ||||||||||
Bannerfy Acquisition [Member] | ||||||||||||
Business Combination Consideration Transferred Including Contingent Consideration | $ 7,000,000 | |||||||||||
Business Combination, Consideration Transferred, Total | 2,450,000 | |||||||||||
Payments to Acquire Businesses, Gross | 525,000 | |||||||||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 1,920,000 | |||||||||||
Business Acquisition, Share Price (in dollars per share) | $ 4.10 | $ 4.10 | ||||||||||
Business Combination, Holdback Amount | $ 275,000 | |||||||||||
Business Combination, Holdback Amount, Cash Portion | 55,000 | |||||||||||
Business Combination, Holdback Amount, Common Stock Portion | 220,000 | |||||||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | $ 4,550,000 | $ 4,550,000 | ||||||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High, Percent, Remainder of Fiscal Year | 8.00% | 8.00% | ||||||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High, Percent, Year One | 38.00% | 38.00% | ||||||||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High, Percent, Year Two | 54.00% | 54.00% | ||||||||||
Business Combination, Contingent Consideration, Percent Payable in Cash | 21.00% | 21.00% | ||||||||||
Business Combination, Contingent Consideration, Percent Payable in Common Stock | 79.00% | 79.00% | ||||||||||
Business Combination, Acquisition Related Costs | $ 62,000 | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities | $ 556,000 | $ 556,000 | ||||||||||
Bannerfy Acquisition [Member] | Base Rate [Member] | ||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 1.00% | |||||||||||
Bannerfy Acquisition [Member] | Developed Technology Rights [Member] | ||||||||||||
Finite-Lived Intangible Asset, Useful Life (Year) | 7 years | |||||||||||
Mobcrush Acquisition [Member] | ||||||||||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 59,855,000 | |||||||||||
Business Acquisition, Share Price (in dollars per share) | $ 4.96 | |||||||||||
Business Combination, Acquisition Related Costs | $ 636,000 | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities | $ 3,073,000 | |||||||||||
Amortization of Intangible Assets, Total | 817,000 | 1,100,000 | ||||||||||
Business Combination, Right To Receive Common Stock, Shares For Each Cancelled Common Stock And Preferred Stock, Share Of Acquiree (in dollars per share) | $ 0.528 | |||||||||||
Stock Issued During Period, Shares, Acquisitions (in shares) | 12,067,571 | |||||||||||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 514,633 | |||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | 12,582,204 | |||||||||||
Net Income (Loss) Attributable to Parent, Total | $ 2,100,000 | $ 2,300,000 | ||||||||||
Merger Agreement [Member] | ||||||||||||
Payments to Acquire Businesses, Gross | $ 1,500,000 | |||||||||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 1,000,000 | |||||||||||
Framerate Acquisition [Member] | ||||||||||||
Business Acquisition, Share Price (in dollars per share) | $ 7.4395 | |||||||||||
Stock Issued During Period, Shares, Acquisitions (in shares) | 32,936 | |||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | 980,000 | 134,422 | ||||||||||
Business Combination, Contingent Consideration, Liability, Total | $ 454,000 | |||||||||||
Deferred Compensation Arrangement with Individual, Compensation Expense | $ 200,000 |
Note 4 - Acquisitions - Estimat
Note 4 - Acquisitions - Estimated Net Deferred Tax Liability (Details) - USD ($) | Aug. 24, 2021 | Jun. 01, 2021 |
Bannerfy Acquisition [Member] | ||
Intangible assets acquired | $ 2,512,000 | |
Intangible assets acquired | (2,512,000) | |
Estimated net operating loss carryforwards - Bannerfy | 144,000 | |
Net deferred tax liability - pretax | $ (2,368,000) | |
Estimated tax rate | 19.00% | |
Estimated net deferred tax liability – Pursuant to ASC 740(1) | $ (556,000) | |
Intangible assets acquired | 2,512,000 | |
Intangible assets acquired | (2,512,000) | |
Estimated net operating loss carryforwards - Mobcrush | $ 144,000 | |
Mobcrush Acquisition [Member] | ||
Intangible assets acquired | $ 19,500,000 | |
Intangible assets acquired | (16,865,000) | |
Estimated net operating loss carryforwards - Bannerfy | 5,895,000 | |
Net deferred tax liability - pretax | $ (10,983,000) | |
Estimated tax rate | 27.98% | |
Estimated net deferred tax liability – Pursuant to ASC 740(1) | $ (3,073,000) | |
Intangible assets acquired | 19,500,000 | |
Intangible assets acquired | 2,635,000 | |
Intangible assets acquired | (16,865,000) | |
Tangible assets acquired | 13,000 | |
Tangible assets acquired | (13,000) | |
Estimated net operating loss carryforwards - Mobcrush | $ 5,895,000 |
Note 4 - Acquisitions - Fair Va
Note 4 - Acquisitions - Fair Value of Purchase Price Consideration (Details) - Mobcrush Acquisition [Member] | Jun. 01, 2021USD ($)$ / sharesshares |
Equity Consideration at closing – common stock (in shares) | shares | 12,067,571 |
Super League closing stock price per share on the Mobcrush Closing Date (in dollars per share) | $ / shares | $ 4.96 |
Fair value of common stock issued | $ | $ 59,855,000 |
Note 4 - Acquisitions - Fair _2
Note 4 - Acquisitions - Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) | Sep. 30, 2021 | Jun. 01, 2021 | Dec. 31, 2020 |
Goodwill | $ 46,125,000 | $ 2,565,000 | |
Mobcrush Acquisition [Member] | |||
Cash | $ 586,000 | ||
Accounts receivable | 1,266,000 | ||
Prepaids | 141,000 | ||
Tangible assets acquired | 13,000 | ||
Intangible assets acquired | 19,500,000 | ||
Accounts payable and accrued expenses | (2,008,000) | ||
Deferred revenue | (130,000) | ||
Net deferred income tax liability | (3,073,000) | ||
Identifiable net assets acquired | 16,295,000 | ||
Goodwill | 43,560,000 | ||
Total purchase price | $ 59,855,000 |
Note 4 - Acquisitions - Fair _3
Note 4 - Acquisitions - Fair Values of Acquired Intangible Assets (Details) - Mobcrush Acquisition [Member] | Jun. 01, 2021USD ($) |
Intangible assets acquired, amount | $ 19,500,000 |
Preferred Partner Relationship [Member] | |
Intangible assets acquired, estimated useful life (Year) | 7 years |
Intangible assets acquired, amount | $ 10,700,000 |
Developed Technology Rights [Member] | |
Intangible assets acquired, estimated useful life (Year) | 5 years |
Intangible assets acquired, amount | $ 3,900,000 |
Influencers Content Creators [Member] | |
Intangible assets acquired, estimated useful life (Year) | 5 years |
Intangible assets acquired, amount | $ 2,000,000 |
Advertiser and Agency Relationships [Member] | |
Intangible assets acquired, estimated useful life (Year) | 5 years |
Intangible assets acquired, amount | $ 1,900,000 |
Trademarks [Member] | |
Intangible assets acquired, estimated useful life (Year) | 7 years |
Intangible assets acquired, amount | $ 500,000 |
Customer Relationships [Member] | |
Intangible assets acquired, estimated useful life (Year) | 5 years |
Intangible assets acquired, amount | $ 500,000 |
Note 4 - Acquisitions - Pro For
Note 4 - Acquisitions - Pro Forma Combined Statements of Operations (Details) - Mobcrush Acquisition [Member] - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Revenue | $ 3,605,000 | $ 2,138,000 | $ 8,782,000 | $ 5,765,000 |
Net Loss | $ (6,964,000) | $ (6,468,000) | $ (16,119,000) | $ (21,895,000) |
Note 5 - Note Payable (Details
Note 5 - Note Payable (Details Textual) - USD ($) | May 04, 2020 | May 31, 2021 | Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 |
Proceeds from Notes Payable, Total | $ 0 | $ 1,200,000 | ||||
Gain (Loss) on Extinguishment of Debt, Total | $ 0 | $ 0 | $ 1,213,000 | $ 0 | ||
Paycheck Protection Program CARES Act [Member] | ||||||
Proceeds from Notes Payable, Total | $ 1,200,047 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 1.00% | |||||
Gain (Loss) on Extinguishment of Debt, Total | $ 1,213,000 |
Note 6 - Stockholder's Equity (
Note 6 - Stockholder's Equity (Details Textual) - USD ($) | Sep. 03, 2021 | Mar. 31, 2021 | Feb. 28, 2021 | Jan. 31, 2021 | Sep. 30, 2020 | Aug. 31, 2020 | May 31, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 |
Proceeds From Issuance of Common Stock, Net of Issuance Costs | $ 33,390,000 | $ 14,356,000 | ||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 | ||||||||
January 2021 Offering [Member] | ||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 3,076,924 | |||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 2.60 | |||||||||
Proceeds From Issuance of Common Stock, Net of Issuance Costs | $ 8,000,000 | |||||||||
Payments of Stock Issuance Costs | $ 73,000 | |||||||||
February 2021 Offering [Member] | ||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 2,926,830 | |||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 4.10 | |||||||||
Proceeds From Issuance of Common Stock, Net of Issuance Costs | $ 12,000,000 | |||||||||
Payments of Stock Issuance Costs | $ 70,000 | |||||||||
March 2021 Offering [Member] | ||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 1,512,499 | |||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 9 | |||||||||
Proceeds From Issuance of Common Stock, Net of Issuance Costs | $ 13,600,000 | |||||||||
Payments of Stock Issuance Costs | $ 72,000 | |||||||||
Sales Agreement [Member] | ||||||||||
Stock Issuance Program, Authorized Amount | $ 75,000,000 | |||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | |||||||||
Stock Issuance Program, Commission Percent | 3.00% | |||||||||
May 2020 Offering [Member] | ||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 1,825,000 | |||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 3.50 | |||||||||
Proceeds From Issuance of Common Stock, Net of Issuance Costs | $ 6,000,000 | |||||||||
May 2020 Offering [Member] | Differentiate From $319,000 [Member] | ||||||||||
Payments of Stock Issuance Costs | 319,000 | |||||||||
Payments of Other Offering Expenses | $ 116,000 | |||||||||
August 2020 Offering [Member] | ||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 4,540,541 | |||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 1.85 | |||||||||
Proceeds From Issuance of Common Stock, Net of Issuance Costs | $ 7,600,000 | |||||||||
Payments of Stock Issuance Costs | 588,000 | |||||||||
Payments of Other Offering Expenses | $ 180,000 | |||||||||
Over-Allotment Option [Member] | ||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 448,440 | |||||||||
Proceeds From Issuance of Common Stock, Net of Issuance Costs | $ 771,000 | |||||||||
Payments of Stock Issuance Costs | $ 58,000 | |||||||||
Stock Issuance Program, Authorized Shares (in shares) | 681,081 |
Note 7 - Subsequent Events (Det
Note 7 - Subsequent Events (Details Textual) - Bloxbiz [Member] - Subsequent Event [Member] $ / shares in Units, $ in Millions | Oct. 04, 2021USD ($)$ / shares |
Business Combination, Consideration Transferred, Total | $ 6 |
Payments to Acquire Businesses, Gross | 3 |
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 3 |
Business Acquisition, Share Price (in dollars per share) | $ / shares | $ 2.91 |
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | $ 11.5 |