NATURE OF OPERATIONS AND RECENT DEVELOPMENTS (Details Narrative) - USD ($) |
3 Months Ended | |||
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Mar. 12, 2020 |
Feb. 25, 2020 |
May 06, 2019 |
Mar. 31, 2020 |
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Significant Business Developments [Line Items] | ||||
Common stock redemption description | The redemption of Triangulum’s shares was given effect pursuant to our Articles of Incorporation (the “Articles”), which expressly provide that if certain events occur in relation to a stockholder that is required to undergo a gaming suitability review or similar investigative process, we have the option to purchase all or any part of such stockholder’s shares at a price per share that is equal to the average closing share price over the thirty calendar days preceding the purchase. The average closing share price over the thirty calendar days preceding the redemption was $1.68 per share. | |||
Common stock redemption price per share | $ 1.68 | |||
Drew on revolving loan amount | $ 1,000,000 | $ 1,000,000 | ||
Progressive Games Partners LLC | ||||
Significant Business Developments [Line Items] | ||||
Business acquisition consideration | $ 12,425,000 | |||
Price per share | $ 1.91 | |||
Minimum | Progressive Games Partners LLC | ||||
Significant Business Developments [Line Items] | ||||
Business acquisition, consideration in cash | $ 6,425,000 | |||
Maximum | Progressive Games Partners LLC | ||||
Significant Business Developments [Line Items] | ||||
Business acquisition, consideration in cash | $ 10,425,000 | |||
Promissory Note | ||||
Significant Business Developments [Line Items] | ||||
Debt instrument, face amount | $ 39,096,401 | |||
Triangulum | ||||
Significant Business Developments [Line Items] | ||||
Shares redeemed | 23,271,667 |
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- Definition Significant business developments. No definition available.
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- Definition Price of a single share of a number of saleable stocks paid or offered to be paid in a business combination. No definition available.
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of stock bought back by the entity at the exercise price or redemption price. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total cost of shares repurchased divided by the total number of shares repurchased. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of share repurchase program, including accounting treatment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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