2 unchanged sentences
to the Condensed Consolidated Financial Statements
−Removed: Condensed Consolidated Balance Sheets at June 30, 2021 (unaudited) and December 31, 2020
−Removed: Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2021 and 2020 (unaudited)
−Removed: Condensed Consolidated Statements of Stockholders’ Deficit for the Three Months Ended June 30, 2021 and 2020 (unaudited)
−Removed: Condensed Consolidated Statements of Stockholders’ Deficit for the Six Months Ended June 30, 2021 and 2020 (unaudited)
−Removed: Condensed Consolidated Statements of Cash Flows for Six Months Ended June 30, 2021 and 2020 (unaudited)
+Added: Condensed Consolidated Balance Sheets at September 30, 2021 (unaudited) and December 31, 2020
+Added: Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2021 and 2020 (unaudited)
+Added: Condensed Consolidated Statements of Stockholders’ Deficit for the Three Months Ended September 30, 2021 and 2020 (unaudited)
+Added: Condensed Consolidated Statements of Stockholders’ Deficit for the Nine Months Ended September 30, 2021 and 2020 (unaudited)
+Added: Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2021 and 2020 (unaudited)
Notes to the Condensed Consolidated Financial Statements (unaudited)
1 unchanged sentence
Consolidated Balance Sheets
−Removed: June 30, 2021
−Removed: December 31, 2020
+Added: and cash equivalents
+Added: receivable, net
+Added: convention expenses
Current Assets
−Removed: Cash and cash equivalents
−Removed: Accounts receivable, net
−Removed: Prepaid convention expenses
−Removed: Prepaid expenses
−Removed: Total Current Assets
−Removed: Property and equipment, net
−Removed: Intangibles, net
−Removed: Operating lease right of use asset, net
−Removed: Security deposits
−Removed: Liabilities and Stockholders’ Deficit
+Added: and equipment, net
+Added: lease right of use asset, net
+Added: and Stockholders’ Deficit
+Added: payable and accrued expenses
+Added: lease liability
+Added: promissory note – related party, net
+Added: to CONtv joint venture
Current Liabilities
−Removed: Accounts payable and accrued expenses
−Removed: Unearned revenue
−Removed: Operating lease liability
−Removed: Convertible promissory note – related party, net
−Removed: Due to CONtv joint venture
−Removed: Total Current Liabilities
−Removed: Operating lease liability, net
−Removed: Notes payable, net
−Removed: Convertible debenture, net
−Removed: Total Liabilities
−Removed: Commitments and contingencies
−Removed: Stockholders’ Deficit
−Removed: Preferred stock-Series A Cumulative and Convertible par value $ 0.0001 :
+Added: lease liability, net
+Added: debenture, net
+Added: and contingencies
+Added: Stockholders’
+Added: stock-Series A Cumulative and Convertible par value $ 0.0001 :
500,000 shares authorized;
−Removed: 226,523 and 173,974 shares issued and outstanding, respectively
−Removed: Preferred stock-Series B Cumulative and Convertible par value $ 0.0001 :
+Added: 235,772 and 173,974 shares issued and outstanding,
+Added: stock-Series B Cumulative and Convertible par value $ 0.0001 :
4,500,000 shares authorized;
−Removed: and 288,448 shares issued
−Removed: and outstanding, respectively
+Added: 2,900 and 0 shares issued and outstanding,
Preferred stock, value
−Removed: Common stock par value $ 0.0001 :
+Added: stock par value $ 0.0001 :
100,000,000 shares authorized;
6,494,792 and 3,506,752 shares issued and outstanding, respectively
−Removed: Additional paid-in capital
−Removed: Accumulated deficit
+Added: paid-in capital
( 34,963,303 )
( 30,039,146 )
−Removed: Non-controlling interest
−Removed: Total Stockholders’ Deficit
+Added: Non-controlling
+Added: Stockholders’ Deficit
( 3,022,442 )
( 6,844,909 )
−Removed: Total Liabilities and Stockholders’ Deficit
+Added: Liabilities and Stockholders’ Deficit
accompanying notes to the unaudited condensed consolidated financial statements.
1 unchanged sentence
Consolidated Statements of Operations
−Removed: June 30, 2021
−Removed: June 30, 2020
−Removed: June 30, 2021
−Removed: June 30, 2020
−Removed: For the Three Months Ended
−Removed: For the Six Months Ended
−Removed: June 30, 2021
−Removed: June 30, 2020
−Removed: June 30, 2021
−Removed: June 30, 2020
−Removed: Cost of revenues
+Added: the Three Months Ended
+Added: the Nine Months Ended
+Added: and administrative
operating expenses
−Removed: Share-based compensation
−Removed: Salaries and benefits
−Removed: Consulting fees
−Removed: General and administrative
−Removed: Total operating expenses
−Removed: Loss from operations
+Added: from operations
( 2,192,776 )
( 6,880,485 )
+Added: income (expenses)
+Added: on sale of assets
other income (expenses)
−Removed: Interest expense
−Removed: Total other income (expenses)
−Removed: Loss before income tax provision
+Added: before income tax provision
( 4,924,157 )
( 1,317,883 )
−Removed: Income tax provision
+Added: tax provision
( 4,924,157 )
( 1,317,883 )
−Removed: Series A Preferred dividends
−Removed: Net loss attributable to common stockholders
+Added: A Preferred dividends
+Added: loss attributable to common stockholders
$ ( 392,881 )
2 unchanged sentences
$ ( 1,284,709 )
−Removed: Loss per share - basic
−Removed: Loss per share - diluted
−Removed: Weighted average common shares outstanding - basic
−Removed: Weighted average common shares outstanding - diluted
+Added: per share - basic
+Added: per share - diluted
+Added: average common shares outstanding - basic
+Added: average common shares outstanding - diluted
accompanying notes to the unaudited condensed consolidated financial statements.
1 unchanged sentence
Consolidated Statement of Stockholders’ Deficit
−Removed: the Three Months Ended June 30, 2021
−Removed: Series A Preferred Stock
−Removed: Par value $0.0001
−Removed: Preferred Stock
−Removed: Par value $0.0001
−Removed: Par value $0.0001
+Added: the Three Months Ended September 30, 2021
+Added: A Preferred Stock
+Added: value $0.0001
+Added: value $0.0001
+Added: value $0.0001
Non-controlling
Stockholders’
−Removed: Balance, March 31, 2021
−Removed: $ ( 32,508,021 )
−Removed: $ ( 5,551,492 )
−Removed: Share-based compensation
−Removed: Warrants issued for services
−Removed: Issuance of common stock – net of offering costs
−Removed: Issuance of Series B preferred shares and warrants – net of offering costs
−Removed: Series A Preferred declared dividends
+Added: June 30, 2021
$ ( 34,361,226 )
$ ( 6,724,606 )
−Removed: Balance, June 30, 2021
+Added: issued for services
+Added: of Preferred shares
+Added: of Preferred, shares
+Added: of preferred stock for settlement of accrued liabilities
+Added: of preferred stock for settlement of accrued liabilities
+Added: of common stock – net of offering costs
+Added: of Series B preferred shares and warrants – net of offering costs
+Added: of Series B preferred shares and warrants – net of offering costs , shares
+Added: of Series B preferred shares – net of offering costs
+Added: of Series B preferred shares to common stock
+Added: A Preferred declared dividends
+Added: September 30, 2021
$ ( 34,963,303 )
$ ( 3,022,442 )
−Removed: the Three Months Ended June 30, 2020
+Added: the Three Months Ended September 30, 2020
A Preferred Stock
−Removed: Par value $0.0001
−Removed: Preferred Stock
−Removed: Par value $0.0001
−Removed: Par value $0.0001
+Added: value $0.0001
+Added: value $0.0001
+Added: value $0.0001
Non-controlling
Stockholders’
−Removed: Balance, March 31, 2020
+Added: June 30, 2020
$ ( 28,672,802 )
$ ( 6,790,189 )
−Removed: Share-based compensation
−Removed: Balance, June, 2020
+Added: of Preferred shares
+Added: of preferred stock for settlement of accrued liabilities
+Added: September 30, 2020
$ ( 29,416,628 )
3 unchanged sentences
Consolidated Statement of Stockholders’ Deficit
−Removed: the Six Months Ended June 30, 2021
−Removed: Series A Preferred Stock
−Removed: Par value $0.0001
−Removed: Preferred Stock
−Removed: Par value $0.0001
−Removed: Par value $0.0001
+Added: the Nine Months Ended September 30, 2021
+Added: A Preferred Stock
+Added: value $0.0001
+Added: value $0.0001
+Added: value $0.0001
Non-controlling
Stockholders’
−Removed: Balance, December 31, 2020
+Added: December 31, 2020
$ ( 30,039,146 )
$ ( 6,844,909 )
−Removed: Share-based compensation
−Removed: Warrants issued for services
−Removed: Issuance of common stock – net of offering costs
−Removed: Issuance of Series B preferred shares and warrants – net of offering costs
−Removed: Series A Preferred declared dividends
+Added: issued for services
+Added: of common stock – net of offering costs
+Added: of Series B preferred shares and warrants – net of offering costs
+Added: of Series B preferred shares to common stock
+Added: A Preferred declared dividends
( 4,924,157 )
( 4,924,157 )
−Removed: Balance, June 30, 2021
+Added: September 30, 2021
$ ( 34,963,303 )
$ ( 3,022,442 )
−Removed: the Six Months Ended June 30, 2020
+Added: the Nine Months Ended September 30, 2020
A Preferred Stock
−Removed: Par value $0.0001
−Removed: Preferred Stock
−Removed: Par value $0.0001
−Removed: Par value $0.0001
+Added: value $0.0001
+Added: value $0.0001
+Added: value $0.0001
Non-controlling
Stockholders’
−Removed: Balance, December 31, 2019
+Added: December 31, 2019
$ ( 28,098,745 )
$ ( 6,256,729 )
−Removed: Share-based compensation
−Removed: Balance, June, 2020
+Added: of Preferred shares
+Added: of preferred stock for settlement of accrued liabilities
( 1,317,883 )
( 1,317,883 )
−Removed: Balance, June 30, 2020
+Added: September 30, 2020
$ ( 29,416,628 )
3 unchanged sentences
Consolidated Statements of Cash Flows
−Removed: June 30, 2021
−Removed: June 30, 2020
−Removed: For the Six Months Ended
−Removed: June 30, 2021
−Removed: June 30, 2020
−Removed: Cash Flows From Operating Activities:
+Added: the Nine Months Ended
+Added: Flows From Operating Activities:
$ ( 4,924,157 )
$ ( 1,317,883 )
−Removed: Adjustments to reconcile net loss to net cash used in operating activities:
−Removed: Depreciation and amortization
−Removed: Accretion of debt discount
−Removed: Right-of-use asset amortization
−Removed: Share-based compensation
−Removed: Gain on write-off of CONtv joint venture
−Removed: Changes in operating assets and liabilities:
−Removed: Accounts receivable
−Removed: Prepaid convention expenses
−Removed: Prepaid expenses
−Removed: Security deposits
−Removed: Accounts payable and accrued expenses
−Removed: Unearned revenue
−Removed: Net Cash Used In Operating Activities
+Added: to reconcile net loss to net cash used in operating activities:
+Added: and amortization
+Added: of debt discount
+Added: asset amortization
+Added: on write-off of CONtv joint venture
+Added: on sale of membership interest
+Added: on asset purchase agreement
+Added: in operating assets and liabilities:
+Added: convention expenses
+Added: payable and accrued expenses
+Added: Cash Used In Operating Activities
( 4,890,776 )
−Removed: Cash Flows from Investing Activities:
−Removed: Purchase of intangibles
−Removed: Purchase of property and equipment
−Removed: Net Cash Used In Investing Activities
−Removed: Cash Flows from Investing Activities:
−Removed: Proceeds from issuance of Series B preferred shares and warrants - net
−Removed: Proceeds from issuance of common stock - net
−Removed: Proceeds from notes payable
−Removed: Net Cash Provided by Financing Activities
−Removed: Net change in cash and cash equivalents
−Removed: Cash and cash equivalents at beginning of reporting period
−Removed: Cash and cash equivalents at end of reporting period
−Removed: Supplemental disclosures of cash flow information:
−Removed: Interest paid
−Removed: Income tax paid
−Removed: Supplemental disclosure of noncash investing and financing activities:
−Removed: Deemed dividend
+Added: Flows from Investing Activities:
+Added: of intangibles
+Added: of property and equipment
+Added: ( 1,130,342 )
+Added: Cash Used In Investing Activities
+Added: ( 1,130,342 )
+Added: Flows from Investing Activities:
+Added: from issuance of Series B preferred shares and warrants - net
+Added: from issuance of common stock - net
+Added: from notes payable
+Added: from sale of membership interest
+Added: Cash Provided by Financing Activities
+Added: change in cash and cash equivalents
+Added: and cash equivalents at beginning of reporting period
+Added: and cash equivalents at end of reporting period
+Added: disclosures of cash flow information:
+Added: disclosure of noncash investing and financing activities:
+Added: Right-of-use assets
+Added: obtained in exchange for lease obligations
accompanying notes to the unaudited condensed financial statements.
9 unchanged sentences
On July 9, 2021, the Company changed its name to Creek Road Miners, Inc.
−Removed: the six months ended June 30, 2021, the Company decided to enter the consumer category of digital products known as Non-Fungible Tokens
+Added: the nine months ended September 30, 2021, the Company decided to enter the consumer category of digital products known as Non-Fungible
+Added: Tokens (“NFTs”).
NFTs are collectibles where various objects (including pictures, music and video) are digitized.
−Removed: The digital version
−Removed: of the object is sold as a unique, blockchain-authenticated collectible.
−Removed: As part of a move to expand the current NFT minting activities
−Removed: into mining cryptocurrencies, the Company changed its name from Wizard Brands, Inc.
+Added: version of the object is sold as a unique, blockchain-authenticated collectible.
+Added: As part of a move to expand the current NFT minting
+Added: activities into mining cryptocurrencies, the Company changed its name from Wizard Brands, Inc.
to Creek Road Miners, Inc.
as noted above.
−Removed: intends to develop and operate, “scaled-up,” bitcoin manufacturing facilities using natural gas to power operations.
−Removed: first Creek Road Miners facility is expected to be completed and fully operational by the end of 2021 and followed by an aggressive schedule
−Removed: for developing additional sites.
+Added: The Company intends to develop and operate, “scaled-up,” bitcoin manufacturing facilities using natural gas to power operations.
+Added: The first Creek Road Miners facility is expected to be completed and fully operational by the end of 2021 and followed by an aggressive
+Added: schedule for developing additional sites.
+Added: On August 6, 2021, Kick The Can Corp.
+Added: a Nevada corporation, a wholly owned subsidiary of Company, entered into an Asset Purchase Agreement (the “Agreement”) with
+Added: Informa Pop Culture Events, Inc., a Delaware corporation (“Informa”).
+Added: Pursuant to the Agreement, KTC sold, transferred, and
+Added: assigned certain assets, properties, and rights to Informa related to the business of operating and producing the following live pop
+Added: culture events:
+Added: 1) Wizard World Chicago;
+Added: 2) Wizard World Cleveland;
+Added: 3) Wizard World New Orleans;
+Added: 4) Wizard World Philadelphia;
+Added: World Portland;
+Added: and 6) Wizard World St.
+Added: The Company released deferred revenue and other
+Added: liabilities totaling $ 722,429 and recognized other income of this amount.
+Added: On September 15, 2021, we sold our wholly owned subsidiary
+Added: which contained our Jevo assets and all rights to our Jevo operations for $ 1,500,000 and recognized a gain on the transaction of approximately
+Added: $ 1,130,740 .
+Added: The following represents a summary of the assets and liabilities in the transaction:
+Added: of the assets and liabilities in the transaction
+Added: Current assets
+Added: Fixed assets, net
+Added: Intangible assets
+Added: Payable to Creek Road Miners Inc.
+Added: ( 1,305,000 )
2 – Going Concern Analysis
Concern Analysis
−Removed: Company had a loss from operations of $ 4,322,080 and $ 574,057 for the six months ended June 30, 2021 and 2020, respectively.
−Removed: 30, 2021, we had cash and cash equivalents of approximately $ 1.6 million and a working capital deficit of approximately $ 4.3 million.
+Added: Company had a loss of $ 4,924,157
+Added: and $ 1,317,883
+Added: for the nine months ended September 30, 2021
+Added: and 2020, respectively.
+Added: On September 30, 2021, we had cash and cash equivalents of approximately $ 3.9
+Added: million and a working capital deficit of approximately
+Added: $ 1.4 million.
We have evaluated the significance of these conditions in relation to our ability to meet our obligations, which had previously raised
−Removed: doubts about the Company’s ability to continue as a going concern through August 2022.
−Removed: However, the Company believes that the effects
−Removed: of the expansion of virtual activities and e-commerce along with the entry into new business verticals will guide the Company in a positive
−Removed: direction as we continue to strive to attain profitability.
−Removed: Because of the ongoing situation with the Covid-19 virus, the Company was unable to produce any live events from and after the First
−Removed: Quarter of 2020.
−Removed: In the face of the impact of Covid-19 on live events generally, the Company has focused on producing virtual events.
−Removed: The first such virtual event was an interactive fan experience which took place on March 31, 2020 and since that time the Company has
−Removed: produced approximately 400 virtual events.
−Removed: In addition, the Company has moved into e-commerce with online sales of collectables and the
−Removed: creation of the “Wizard World Vault” as a site for consumers to purchase pop-culture memorabilia and collectables.
+Added: doubts about the Company’s ability to continue as a going concern through November 2022.
+Added: However, the Company believes that the
+Added: effects of expansion into mining of cryptocurrencies will guide the Company in a positive direction as we continue to strive to attain
+Added: profitability.
+Added: of the ongoing situation with the Covid-19 virus, the Company was unable to produce any live events after the First Quarter of 2020.
+Added: The Company has indefinitely postponed all of the live shows.
+Added: In the face of the impact of Covid-19 on live events generally, the Company
+Added: had focused on producing virtual events.
+Added: The first such virtual event was an interactive fan experience which took place on March 31,
+Added: 2020 and since that time the Company has produced approximately 450 virtual events.
+Added: Those have also been postponed indefinitely.
+Added: In addition, the Company has moved into e-commerce with online sales of collectables and the creation of the “Wizard World Vault”
+Added: as a site for consumers to purchase pop-culture memorabilia and collectables and is now moving to expand the current NFT minting activities
+Added: into mining cryptocurrencies.
March 29, 2021, the Company entered into a Securities Purchase Agreement (the “Leviston Purchase Agreement”) with Leviston
26 unchanged sentences
less than the applicable Series B Conversion Price in effect immediately prior to such issuance .
+Added: August 27, 2021, and October 4, 2021, the Company raised $ 4,400,000 for working capital purposes through the sale of its common stock
+Added: in private placements.
addition to its cost containment strategies, the Company identified opportunities to rapidly move into the areas of (i) retailing collectables,
15 unchanged sentences
There can be no assurances to that effect.
−Removed: The Company’s ability to continue as a going
−Removed: concern is dependent upon the ability to further implement the business plan, generate sufficient revenues and to control operating expenses.
+Added: The Company’s ability to continue as a going concern
+Added: is dependent upon the ability to further implement the business plan, generate sufficient revenues and to control operating expenses.
3 – Significant and Critical Accounting Policies and Practices
33 unchanged sentences
relating to the non–controlling interest.
−Removed: of June 30, 2021 and December 31, 2020, the aggregate non-controlling interest in ButtaFyngas was ($ 12,498 ) .
−Removed: The non-controlling interest
−Removed: is separately disclosed on the Condensed Consolidated Balance Sheet.
+Added: of September 30, 2021 and December 31, 2020, the aggregate non-controlling interest in ButtaFyngas was ($ 12,498 ).
+Added: The non-controlling
+Added: interest is separately disclosed on the Condensed Consolidated Balance Sheet.
and Cash Equivalents
18 unchanged sentences
net of the allowance for doubtful accounts.
−Removed: As of June 30, 2021 and December 31, 2020, the allowance for doubtful accounts was $ 0 .
+Added: As of September 30, 2021 and December 31, 2020, the allowance for doubtful accounts was $0.
are stated at average cost using the first-in, first-out (FIFO) valuation method.
Inventory was comprised of the following:
−Removed: of Inventories
−Removed: June 30, 2021
−Removed: December 31, 2020
−Removed: Finished goods
+Added: Schedule of Inventories
and Equipment
5 unchanged sentences
residual values) over the estimated useful lives of the respective assets as follows:
−Removed: of Estimated Useful Lives of Property
−Removed: Estimated Useful
−Removed: Computer equipment
−Removed: Furniture and fixture
−Removed: Leasehold improvements
−Removed: (*) Amortized on a
−Removed: straight-line basis over the term of the lease or the estimated useful lives, whichever period is shorter.
+Added: Schedule of Estimated Useful Lives of Property
+Added: on a straight-line basis over the term of the lease or the estimated useful lives, whichever period is shorter.
sale or retirement of property and equipment, the related cost and accumulated depreciation are removed from the accounts and any gain
12 unchanged sentences
No impairment
−Removed: has been recorded as of June 30, 2021.
+Added: has been recorded as of September 30, 2021.
+Added: Company sold the Jevo assets and liabilities including the intangible assets resulting in $ 0 balance of intangible assets at September
- Cost Method, Equity Method and Joint Venture
12 unchanged sentences
CONtv is a digital network devoted to fans of pop culture entertainment and is inactive.
−Removed: the three and six months ended June 30, 2021 and 2020, the Company recognized $ 0 losses from this venture, respectively.
−Removed: of June 30, 2021 and December 31, 2020, the investment in CONtv was $ 0 .
−Removed: of June 30, 2021 and December 31, 2020, the amount due to CONtv was $ 0 and $ 224,241 , respectively.
+Added: the three and nine months ended September 30, 2021 and 2020, the Company recognized $ 0 losses from this venture, respectively.
+Added: of September 30, 2021 and December 31, 2020, the investment in CONtv was $ 0 .
+Added: of September 30, 2021 and December 31, 2020, the amount due to CONtv was $ 0 and $ 224,241 , respectively.
Value of Measurements
57 unchanged sentences
None of the Company’s
−Removed: contracts as of June 30, 2021 contained a significant financing component.
+Added: contracts as of September 30, 2021 contained a significant financing component.
the transaction price to performance obligations in the contract
27 unchanged sentences
of Revenue from Contracts with Customers.
−Removed: The following table disaggregates gross revenue by significant revenue stream for the six
−Removed: months ended June 30, 2021 and 2020:
−Removed: Disaggregation of Revenue from Contracts with Customers
−Removed: For the Six Months Ended
−Removed: June 30, 2021
−Removed: June 30, 2020
−Removed: Total revenue
+Added: The following table disaggregates gross revenue by significant revenue stream for the nine
+Added: months ended September 30, 2021 and 2020:
+Added: Schedule Disaggregation of Revenue from Contracts with Customers
+Added: the Nine Months Ended
and Handling Costs
1 unchanged sentence
While amounts charged to customers for shipping products are included in revenues, the related costs are classified in cost of revenue
−Removed: and handling costs were $ 44,126 and $ 0 for the six months ended June 30, 2021 and 2020, respectively.
+Added: and handling costs were $ 70,673 and $ 0 for the nine months ended September 30, 2021 and 2020, respectively.
Company recognizes compensation expense for all equity–based payments in accordance with ASC 718 “ Compensation –
25 unchanged sentences
historical experience.
−Removed: the appropriate fair value model and calculating the fair value of equity–based payment awards requires the input of the subjective
+Added: the appropriate fair value model and calculating the fair value of equity–based payment awards require the input of the subjective
assumptions described above.
20 unchanged sentences
not to be sustained upon examination by taxing authorities.
−Removed: There were no unrecognized tax benefits as of June 30, 2021 and December
+Added: There were no unrecognized tax benefits as of September 30, 2021 and December
The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense.
−Removed: were accrued for the payment of interest and penalties as of June 30, 2021 and December 31, 2020.
+Added: were accrued for the payment of interest and penalties as of September 30, 2021 and December 31, 2020.
The Company is currently not aware
25 unchanged sentences
were anti-dilutive:
−Removed: of Contingent Share Issuance Arrangements, Stock Options and Warrants
−Removed: Contingent shares issuance
+Added: Schedule of Contingent Share Issuance Arrangements, Stock Options and Warrants
+Added: shares issuance
arrangement, stock options
−Removed: For the Six Months
−Removed: June 30, 2021
−Removed: For the Six Months
−Removed: June 30, 2020
−Removed: Convertible note
−Removed: Common stock options
−Removed: Common stock warrants
−Removed: Total contingent shares issuance arrangement, stock options or warrants
+Added: the Nine Months
+Added: September 30, 2021
+Added: the Nine Months
+Added: September 30, 2020
+Added: stock options
+Added: stock warrants
+Added: contingent shares issuance arrangement, stock options or warrants
Reclassification
38 unchanged sentences
and equipment stated at cost, less accumulated depreciation and amortization, consisted of the following:
−Removed: of Property and Equipment
−Removed: June 30, 2021
−Removed: June 30, 2020
−Removed: Computer Equipment
−Removed: Furniture and Fixtures
−Removed: Leasehold Improvements
−Removed: Property and equipment, gross
+Added: Schedule of Property and Equipment
+Added: and equipment, gross
Accumulated depreciation
−Removed: Property and equipment,
−Removed: expense was $ 6,722 and $ 12,890 for the six months ended June 30, 2021 and 2020, respectively.
+Added: and equipment, net
+Added: expense was $ 25,958 and $ 17,022 for the nine months ended September 30, 2021 and 2020, respectively.
5 – Related Party Transactions
1 unchanged sentence
LLC, a Delaware limited liability company (“Bristol”) managed by Paul L.
−Removed: Kessler, the Chairman of the Company.
−Removed: the Consulting Agreement, Mr.
+Added: Kessler, the then Chairman of the Company.
+Added: Pursuant to the Consulting Agreement, Mr.
Kessler will serve as Executive Chairman of the Company.
−Removed: The initial term of the Agreement is from December
−Removed: 29, 2016 through March 28, 2017 (the “Initial Term”).
−Removed: The term of the Consulting Agreement will be automatically extended
−Removed: for additional terms of 90-day periods each (each a “Renewal Term” and together with the Initial Term, the “Term”),
+Added: The initial term of the Agreement
+Added: is from December 29, 2016 through March 28, 2017 (the “Initial Term”).
+Added: The term of the Consulting Agreement will be automatically
+Added: extended for additional terms of 90-day periods each (each a “Renewal Term” and together with the Initial Term, the “Term”),
unless either the Company or Bristol gives prior written notice of non-renewal to the other party no later than thirty (30) days prior
6 unchanged sentences
shares of the Company’s common stock.
−Removed: the six months ended June 30, 2021 and 2020, the Company incurred expenses of approximately $ 112,500 for each period for services provided
−Removed: by Bristol, respectively.
−Removed: On November 22, 2018, the Board of Directors of the Company decided to issue 210,982 shares of Preferred stock
−Removed: (“2018 Bristol shares”) for settlement of the outstanding fees due to Bristol totaling $ 496,875 .
−Removed: At June 30, 2021 and December
−Removed: 31, 2020, the Company accrued $ 112,500 and $ 0 , respectively, of net monthly fees due to Bristol.
−Removed: On August 3, 2020, the Board of Directors
−Removed: resolved to convert the total amount of debt owed to Bristol of $ 384,375 , as of July 31, 2020, into 38,438 shares of Series A Preferred
−Removed: In addition, on August 3, 2020, as ratified on August 21, 2020 the Board of Directors elected to cancel the 2018 Bristol shares
−Removed: and issue a new total of 88,125 shares of Series A Preferred stock (see Note 8).
−Removed: The Company issued 22,500 shares of Preferred series
−Removed: A stock for the services provided during the six months ended June 30, 2021.
+Added: the nine months ended September 30, 2021 and 2020, the Company incurred expenses of approximately $ 168,750 and $ 131,250 for each period
+Added: for services provided by Bristol, respectively.
+Added: On November 22, 2018, the Board of Directors of the Company decided to issue 210,982
+Added: shares of Preferred stock (“2018 Bristol shares”) for settlement of the outstanding fees due to Bristol totaling $ 496,875 .
+Added: At September 30, 2021 and December 31, 2020, the Company accrued $ 168,750 and $ 0 , respectively, of net monthly fees due to Bristol.
+Added: August 3, 2020, the Board of Directors resolved to convert the total amount of debt owed to Bristol of $ 384,375 , as of July 31, 2020,
+Added: into 38,438 shares of Series A Preferred stock.
+Added: In addition, on August 3, 2020, as ratified on August 21, 2020 the Board of Directors
+Added: elected to cancel the 2018 Bristol shares and issue a new total of 88,125 shares of Series A Preferred stock (see Note 8).
+Added: issued 22,500 shares of Preferred series A stock for the services provided during the nine months ended September 30, 2021.
+Added: addition to the above consulting agreement, Bristol assisted in the filing of Form S-1 on September 22, 2021 and received $ 200,000 for
+Added: services rendered.
June 16, 2016, the Company entered into a Standard Multi-Tenant Sublease (“Sublease”) with Bristol Capital Advisors, LLC
−Removed: (“Bristol Capital Advisors”), an entity controlled by the Company’s Chairman of the Board.
−Removed: The leased premises are
−Removed: owned by an unrelated third party and Bristol Capital Advisors passes the lease costs down to the Company.
−Removed: The term of the Sublease is
−Removed: for 5 years and 3 months beginning on July 1, 2016 commencing with monthly payments of $ 8,118 .
−Removed: During the six months ended June 30, 2021
−Removed: and 2020, the Company paid lease obligations $ 28,129 and $ 23,812 , respectively, under the Sublease.
+Added: (“Bristol Capital Advisors”), an entity controlled by the Company’s then Chairman of the Board.
+Added: The leased premises
+Added: are owned by an unrelated third party and Bristol Capital Advisors passes the lease costs down to the Company.
+Added: The term of the Sublease
+Added: years and 3 months beginning on July 1, 2016 commencing
+Added: with monthly payments of $ 8,118 .
+Added: During the nine months ended September 30, 2021 and 2020, the Company paid lease obligations $ 78,055
+Added: and $ 80,635 ,
+Added: respectively, under the Sublease.
+Added: On September 30, 2021, the lease term ended and the Company vacated the premises.
the year ended December 31, 2019, the CEO made a non-interest bearing loan to the Company of $ 100,000 .
5 unchanged sentences
a new total of 85,868 shares of Series A Preferred stock.
−Removed: As of June 30, 2021 and December 31, 2020 the outstanding balance under the
−Removed: loan payable was $ 0 .
+Added: As of September 30, 2021 and December 31, 2020 the outstanding balance under
+Added: the loan payable was $ 0 .
Purchase Agreement
1 unchanged sentence
(the “Purchaser”), an
−Removed: entity controlled by the Chairman of the Company’s Board of Directors, pursuant to which the Company sold to the Purchaser, for
−Removed: a cash purchase price of $ 2,500,000 , securities comprising:
+Added: entity controlled by the then Chairman of the Company’s Board of Directors, pursuant to which the Company sold to the Purchaser,
+Added: for a cash purchase price of $ 2,500,000 ,
+Added: securities comprising:
(i) the Debenture, (ii) Series A Warrants, and (iii) Series B Warrants.
−Removed: to the Purchase Agreement, the Company paid $ 25,000 to the Purchaser and issued to the Purchaser 25,000 shares of Common Stock with a
−Removed: grant date fair value of $ 85,000 to cover the Purchaser’s legal fees.
−Removed: The Company recorded as a debt discount of $ 25,791 related
−Removed: to the cash paid and the relative fair value of the shares issued to Purchaser for legal fees.
+Added: Pursuant to the Purchase Agreement, the
+Added: Company paid $ 25,000
+Added: to the Purchaser and issued to the Purchaser
+Added: shares of Common Stock with a grant date fair
+Added: value of $ 85,000
+Added: to cover the Purchaser’s legal fees.
+Added: Company recorded as a debt discount of $ 25,791
+Added: related to the cash paid and the relative fair
+Added: value of the shares issued to Purchaser for legal fees.
Debenture with an initial principal balance of $ 2,500,000 , due December 30, 2018 (the “Maturity Date”), will accrue interest
26 unchanged sentences
issuance of the note, the Company valued the warrants using the Black-Scholes Option Pricing model and accounted for it using the relative
−Removed: fair value of $ 1,448,293 as debt discount on the condensed consolidated balance sheet.
−Removed: The debt discount is amortized over the earlier
−Removed: of (i) the term of the debt or (ii) conversion of the debt, using the effective interest method which approximates the interest method.
−Removed: The amortization of debt discount is included as a component of interest expense in the condensed consolidated statements of operations.
−Removed: There was unamortized debt discount of $ 0 as of June 30, 2021 and December 31, 2020, which includes the debt discount recorded upon execution
−Removed: of the Securities Purchase Agreement discussed above.
+Added: fair value of $ 1,448,293
+Added: as debt discount on the condensed consolidated balance sheet.
+Added: The debt discount is amortized over the earlier of (i) the term of the debt or (ii) conversion of the debt, using the effective interest
+Added: method which approximates the interest method.
+Added: The amortization of debt discount is included as a component of interest expense in the
+Added: condensed consolidated statements of operations.
+Added: There was unamortized debt discount of $ 0
+Added: as of September 30, 2021 and December 31, 2020,
+Added: which includes the debt discount recorded upon execution of the Securities Purchase Agreement discussed above.
+Added: Securities Purchase Agreement
+Added: Effective December 19, 2019, the Company entered
+Added: into the Purchase Agreement with Barlock 2019 Fund, LP ( the “Purchaser”), an entity managed by the CEO, Scott Kaufman, pursuant
+Added: to which the Company sold to the Purchaser and an affiliated entity, for a cash purchase price of $ 2,500,000 , securities comprising:
+Added: (i) the Debenture and (ii) Series A Warrants.
+Added: Pursuant to the Purchase Agreement, the Company paid $ 25,400 to the Purchaser to cover
+Added: the Purchaser’s legal fees.
+Added: The Company recorded as a debt discount of $ 25,400 related to the cash paid and the relative fair value
+Added: of the shares issued to Purchaser for legal fees.
+Added: (i) Debenture
+Added: The Debenture with an initial principal balance
+Added: of $ 2,500,000 , due December 30, 2021 (the “Maturity Date”), will accrue interest on the aggregate unconverted and then outstanding
+Added: principal amount of the Debenture at the rate of 12 % per annum.
+Added: Interest is payable quarterly on (i) January 1, April 1, July 1 and October
+Added: 1, beginning on January 1, 2020, (ii) on each date the Purchaser converts, in whole or in part, the Debenture into Common Stock (as to
+Added: that principal amount then being converted), and (iii) on the day that is 20 days following the Company’s notice to redeem some
+Added: or all of the of the outstanding principal of the Debenture (only as to that principal amount then being redeemed) and on the Maturity
+Added: The Debenture is convertible into shares of the Company’s Common Stock at any time at the option of the holder, at an initial
+Added: conversion price of $ 2.50 (as converted) per share, subject to adjustment.
+Added: In the event of default occurs, the conversion price shall
+Added: be the lesser of (i) the initial conversion price of $ 2.50 and (ii) 50 % of the average of the 3 lowest trading prices during the 20 trading
+Added: days immediately prior to the applicable conversion date.
+Added: In July 2020, the Purchaser agreed to extend the debenture a year as well as
+Added: forbear any collection on the debenture up to December 30, 2022.
+Added: The subject debenture contains a “ratchet” provisions that
+Added: adjusts the conversion rates of the notes to the lowest rate the Company has agreed to issue stock.
+Added: The effect of repricing board and
+Added: employee options to $ 0.25 reset the conversion rates of the note to $ 0.25 .
+Added: In light of the financial stress Covid-19 has placed on the
+Added: Company the holder of the debenture has agreed to not require payment due under the outstanding debenture until December 31, 2022.
+Added: (ii) Warrants
+Added: The Series A Warrants to acquire up to 3,000,000
+Added: shares of Common Stock at the Series A Initial Exercise Price of $ 2.50 and expiring on December 1, 2024 .
+Added: The Warrants may be exercised
+Added: immediately upon the issuance date, upon the option of the holder.
+Added: The exercise price has now been adjusted to $ 0.25 .
+Added: Upon issuance of the note, the Company valued
+Added: the warrants using the Black-Scholes Option Pricing model and accounted for it using the relative fair value of $ 545,336 as debt discount
+Added: on the condensed consolidated balance sheet.
+Added: The debt discount is amortized over the earlier of (i) the term of the debt or (ii) conversion
+Added: of the debt, using the effective interest method which approximates the interest method.
+Added: The amortization of debt discount is included
+Added: as a component of interest expense in the condensed consolidated statements of operations.
+Added: There was unamortized debt discount of $ 246,981
+Added: and $ 510,384 as of September 30, 2021 and December 31, 2020, respectively, which includes the debt discount and debt issuance costs recorded
+Added: upon execution of the Securities Purchase Agreement discussed above.
Company currently holds a limited and passive interest of 10 % in CONtv, a joint venture with third parties and Bristol Capital, LLC (a
1 unchanged sentence
CONtv is a digital network devoted to fans of pop culture entertainment and is inactive.
−Removed: the six months ended June 30, 2021 and 2020, the Company recognized $ 0 losses from this venture, respectively.
−Removed: of June 30, 2021 and December 31, 2020, the investment in CONtv was $ 0 .
−Removed: of June 30, 2021 and December 31, 2020, the amount due to CONtv was $ 0 and $ 224,241 , respectively.
+Added: the nine months ended September 30, 2021 and 2020, the Company recognized $ 0 losses from this venture, respectively.
+Added: of September 30, 2021 and December 31, 2020, the investment in CONtv was $ 0 .
+Added: of September 30, 2021 and December 31, 2020, the amount due to CONtv was $ 0 and $ 224,241 , respectively.
+Added: relation to the filing of Form S-1 on September 22, 2021, Scott Kaufman, the Company’s CEO, received $ 200,000 for
+Added: services rendered.
6 – Notes Payable
Protection Program
−Removed: March 27, 2020 the Coronavirus Aid, Relief, and Economic Security Act (the “ CARES Act ”) was enacted and included a
−Removed: provision for the Small Business Administration (“ SBA ”) to implement its Paycheck Protection Program (“ PPP ”).
−Removed: The PPP provides small businesses with funds to pay payroll costs, including some benefits over a covered period of up to 24 weeks.
−Removed: received under the PPP may also be used to pay interest on mortgages, rent, and utilities.
−Removed: Subject to certain criteria being met, all
−Removed: or a portion of the loan may be forgiven.
−Removed: The loans bear interest at an annual rate of one percent ( 1 %), are due two (2) years from the
−Removed: date of issuance, and all payments are deferred for the first six (6) months of the loan.
−Removed: Any unforgiven balance of loan principal and
−Removed: accrued interest at the end of the six (6) month loan deferral period is amortized in equal monthly installments over the remaining 18-months
−Removed: of the loan term.
−Removed: On April 30, 2020, the Company closed a $ 197,600 SBA guaranteed PPP loan.
−Removed: The Company expects to use the loan proceeds
−Removed: as permitted and apply for and receive forgiveness for the entire loan amount.
−Removed: As of June 30, 2021, the outstanding balance under the
−Removed: loan was $ 197,600 .
−Removed: February 25, 2021, the Company closed on a $ 197,662 SBA guaranteed PPP2 loan.
−Removed: The Company expects to use the loan proceeds as permitted
−Removed: and apply for and receive forgiveness for the entire loan amount.
−Removed: As of June 30, 2021, the outstanding balance under the loan was $ 197,662 .
+Added: March 27, 2020 the Coronavirus Aid, Relief, and Economic Security Act (the “ CARES Act ”) was enacted and included
+Added: a provision for the Small Business Administration (“ SBA ”) to implement its Paycheck Protection Program
+Added: The PPP provides small businesses with funds to pay payroll costs, including some benefits over a
+Added: covered period of up to 24 weeks.
+Added: Funds received under the PPP may also be used to pay interest on mortgages, rent, and utilities.
+Added: Subject to certain criteria being met, all or a portion of the loan may be forgiven.
+Added: loans bear interest at an annual rate of one percent (1%), are due two (2) years from the date of issuance, and all payments are
+Added: deferred for the first six (6) months of the loan.
+Added: Any unforgiven balance of loan principal and accrued interest at the end of the
+Added: six (6) month loan deferral period is amortized in equal monthly installments over the remaining 18-months of the loan
+Added: On April 30, 2020, the Company closed
+Added: a $ 197,600 SBA
+Added: guaranteed PPP loan.
+Added: The Company used the loan proceeds as permitted.
+Added: The Company applied for forgiveness and the
+Added: application is pending with the SBA.
+Added: The Company expects to receive forgiveness for the entire loan amount.
+Added: As of September 30,
+Added: 2021, the outstanding balance under the loan was $ 197,600 .
+Added: February 25, 2021, the Company closed on a $ 197,662
+Added: SBA guaranteed PPP2 loan.
+Added: The Company used
+Added: the loan proceeds as permitted.
+Added: The Company applied for forgiveness and the application is pending with the SBA.
+Added: Company expects to receive forgiveness for the entire loan amount.
+Added: As of September 30, 2021, the outstanding balance under the loan
+Added: was $ 197,662 .
Business Administration Loan
2 unchanged sentences
which shall accrue interest at a rate of 3.75 % and will mature in June 2050 .
−Removed: As of June 30, 2021 and December 31, 2020, the outstanding
+Added: As of September 30, 2021 and December 31, 2020, the outstanding
balance under the loan was $ 149,900 .
−Removed: 7 – Convertible Debenture
−Removed: Purchase Agreement
−Removed: December 19, 2019, the Company entered into the Purchase Agreement with a Purchaser, pursuant to which the Company sold to the Purchaser,
−Removed: for a cash purchase price of $ 2,500,000 , securities comprising:
−Removed: (i) the Debenture and (ii) Series A Warrants.
−Removed: Pursuant to the Purchase
−Removed: Agreement, the Company paid $ 25,400 to the Purchaser to cover the Purchaser’s legal fees.
−Removed: The Company recorded as a debt discount
−Removed: of $ 25,400 related to the cash paid and the relative fair value of the shares issued to Purchaser for legal fees.
−Removed: Debenture with an initial principal balance of $ 2,500,000 , due December 30, 2021 (the “Maturity Date”), will accrue interest
−Removed: on the aggregate unconverted and then outstanding principal amount of the Debenture at the rate of 12 % per annum.
−Removed: Interest is payable
−Removed: quarterly on (i) January 1, April 1, July 1 and October 1, beginning on January 1, 2020, (ii) on each date the Purchaser converts, in
−Removed: whole or in part, the Debenture into Common Stock (as to that principal amount then being converted), and (iii) on the day that is 20
−Removed: days following the Company’s notice to redeem some or all of the of the outstanding principal of the Debenture (only as to that
−Removed: principal amount then being redeemed) and on the Maturity Date.
−Removed: The Debenture is convertible into shares of the Company’s Common
−Removed: Stock at any time at the option of the holder, at an initial conversion price of $ 2.50 (as converted) per share, subject to adjustment.
−Removed: In the event of default occurs, the conversion price shall be the lesser of (i) the initial conversion price of $ 2.50 and (ii) 50 % of
−Removed: the average of the 3 lowest trading prices during the 20 trading days immediately prior to the applicable conversion date.
−Removed: In July 2020,
−Removed: the Purchaser agreed to extend the debenture a year as well as forbear any collection on the debenture up to December 30, 2022.
−Removed: debenture contains a “ratchet” provisions that adjusts the conversion rates of the notes to the lowest rate the Company has
−Removed: agreed to issue stock.
−Removed: The effect of repricing board and employee options to $ 0.25 reset the conversion rates the note to $ 0.25 .
−Removed: of the financial stress Covid-19 has placed on the Company the holder of the debenture has agreed to not require payment due under the
−Removed: outstanding debenture until December 31, 2022.
−Removed: Series A Warrants to acquire up to 3,000,000 shares of Common Stock at the Series A Initial Exercise Price of $ 2.50 and expiring on December
−Removed: The Warrants may be exercised immediately upon the issuance date, upon the option of the holder.
−Removed: The exercise price has now
−Removed: been adjusted to $ 0.25 .
−Removed: issuance of the note, the Company valued the warrants using the Black-Scholes Option Pricing model and accounted for it using the relative
−Removed: fair value of $ 545,336 as debt discount on the condensed consolidated balance sheet.
−Removed: The debt discount is amortized over the earlier
−Removed: of (i) the term of the debt or (ii) conversion of the debt, using the effective interest method which approximates the interest method.
−Removed: The amortization of debt discount is included as a component of interest expense in the condensed consolidated statements of operations.
−Removed: There was unamortized debt discount of $ 387,564 and $ 510,384 as of June 30, 2021 and December 31, 2020, respectively, which includes
−Removed: the debt discount and debt issuance costs recorded upon execution of the Securities Purchase Agreement discussed above.
7 – Commitments and Contingencies
6 unchanged sentences
of the Company and be paid a monthly fee of $ 10,000 .
−Removed: In addition, the Company granted 8,500 shares series A preferred stock for accrued
−Removed: and unpaid salary and vacation time.
−Removed: discussed in Note 6, on December 29, 2016, the Company entered into a Consulting Services Agreement (the “Consulting Agreement”)
−Removed: with Bristol managed by Paul L.
−Removed: Kessler, the Chairman of the Company.
−Removed: Pursuant to the Consulting Agreement, Mr.
−Removed: Kessler will serve as
−Removed: Executive Chairman of the Company.
−Removed: The initial term of the Agreement is from December 29, 2016 through March 28, 2017 (the “Initial
−Removed: The term of the Consulting Agreement will be automatically extended for additional terms of 90-day periods each (each a
−Removed: “Renewal Term” and together with the Initial Term, the “Term”), unless either the Company or Bristol gives prior
−Removed: written notice of non-renewal to the other party no later than thirty (30) days prior to the expiration of the then current Term.
−Removed: the Term, the Company will pay Bristol a monthly fee (the “Monthly Fee”) of $ 18,750 .
−Removed: For services rendered by Bristol prior
−Removed: to entering into the Consulting Agreement, the Company will pay Bristol the Monthly Fee, pro-rated, for the time between September 1,
−Removed: 2016 and December 29, 2016.
−Removed: Bristol may also receive an annual bonus as determined by the Compensation Committee of the Company’s
−Removed: Board of Directors (the “Board”) and approved by the Board.
−Removed: Bristol has deferred payment of the monthly fees due from the
−Removed: Company as defined under the Consulting Agreement.
−Removed: On November 22, 2018, the Board of Directors of the Company decided to issue 201,982
−Removed: shares of Preferred stock for settlement of the outstanding fees due to Bristol totaling $ 496,875 .
−Removed: The Company’s consulting agreement
−Removed: with Bristol Capital, LLC has been amended so that the monthly fee may now, at the option of the Company, be paid in preferred stock.
−Removed: On August 3, 2020 the Board of Directors resolved to convert the total amount of debt owed to Bristol of $ 384,375 , as of July 31, 2020,
−Removed: into 38,438 shares of Series A Preferred stock.
−Removed: In addition, on August 3, 2020, the Board of Directors elected to cancel the 2018 Bristol
−Removed: shares and issue 49,698 shares of Series A Preferred stock.
−Removed: In March 2021, the Company granted an additional 22,500 shares of series
−Removed: A preferred stock for consulting services provided by Bristol during the six months ended June 30, 2021.
+Added: In addition, the Company granted 8,500
+Added: shares series A preferred stock for accrued and
+Added: unpaid salary and vacation time.
of Chief Executive Officer
28 unchanged sentences
Advisory Agreement
−Removed: March 24, 2021 the Company entered into an agreement with Kingswood Capital Markets (“Kingswood”), a division of Benchmark
−Removed: Investments, Inc.
+Added: March 24, 2021, the Company entered into an agreement with Kingswood Capital Markets (“Kingswood”), a division of
+Added: Benchmark Investments, Inc.
in connection with providing general financial advisory to the Company.
−Removed: Kingswood is a broker-dealer registered under
−Removed: Section 15 of the US Securities Exchange Act of 1934 and state law and a member of the Financial Industry Regulatory Authority (“FINRA”).
−Removed: The Company issued 300,000 warrants to Kingswood exercisable at $ 1.00 for a period of three years .
+Added: Kingswood is a broker-dealer registered
+Added: under Section 15 of the US Securities Exchange Act of 1934 and state law and a member of the Financial Industry Regulatory Authority
+Added: The Company issued 300,000
+Added: warrants to Kingswood exercisable at $ 1.00
+Added: for a period of three
The fair value so the warrants issued
−Removed: was determined by using the Black-Scholes-Merton method of valuation and resulted in the Company recording $ 1,592,517 of consulting expense
−Removed: on its books.
+Added: was determined by using the Black-Scholes-Merton method of valuation and resulted in the Company recording $ 1,592,517
+Added: of consulting expense on its books.
Company is from time to time involved in legal proceedings in the ordinary course of business.
4 unchanged sentences
June 16, 2016, the Company entered into a Standard Multi-Tenant Sublease (“Sublease”) with Bristol Capital Advisors, an entity
−Removed: controlled by the Company’s Chairman of the Board.
−Removed: The leased premises are owned by an unrelated third party and Bristol Capital
−Removed: Advisors passes the lease costs down to the Company.
−Removed: The term of the Sublease is for 5 years and 3 months beginning on July 1, 2016 commencing
+Added: controlled by the Company’s then Chairman of the Board.
+Added: The leased premises are owned by an unrelated third party and Bristol
+Added: Capital Advisors passes the lease costs down to the Company.
+Added: The term of the Sublease is for 5
+Added: years and 3 months beginning on July 1, 2016 commencing
with monthly payments of $ 8,118 .
−Removed: During the six months ended June 30, 2021 and 2020, the Company paid lease obligations $ 28,129 and $ 23,812 ,
+Added: During the nine months ended September 30, 2021 and 2020, the Company paid lease obligations $ 78,055
+Added: and $ 80,635 ,
respectively, under the Sublease.
+Added: On September 30, 2021, the lease term ended and the Company vacated the premises.
April 28, 2020, upon acquisition of the Jevo assets, the Company entered into a lease agreement with a third party.
2 unchanged sentences
2 % escalation clause.
−Removed: During the six months ended June 30, 2021 and 2020, the Company paid lease obligations $ 8,652 and $ 0 , respectively,
−Removed: under the lease.
+Added: During the nine months ended September 30, 2021 and 2020, the Company paid lease obligations $ 12,096 and $ 7,800 ,
+Added: respectively, under the lease.
determine if an arrangement contains a lease at inception.
20 unchanged sentences
components of lease expense were as follows:
−Removed: of Lease Expenses
−Removed: June 30, 2021
−Removed: June 30, 2020
−Removed: Operating lease
−Removed: Sublease income
−Removed: Total net lease cost
+Added: Schedule of Lease Expenses
+Added: net lease cost
cash flow and other information related to leases was as follows:
−Removed: of Supplemental Cash Flow and Other Information Related Leases
−Removed: June 30, 2021
−Removed: June 30, 2020
−Removed: Cash paid for amounts included in the measurement of lease liabilities:
−Removed: Operating cash flows from operating leases
−Removed: ROU assets obtained in exchange for lease liabilities:
−Removed: Operating leases
−Removed: Weighted average remaining lease term (in years):
−Removed: Operating leases
−Removed: Weighted average discount rate:
−Removed: Operating leases
−Removed: following table presents the maturity of the Company’s lease liabilities as of June 30, 2021:
−Removed: of Maturities of Operating Lease Liabilities
−Removed: For the twelve months ending June 30:
−Removed: Future minimum lease payments
+Added: Schedule of Supplemental Cash Flow and Other Information Related Leases
+Added: paid for amounts included in the measurement of lease liabilities:
+Added: cash flows from operating leases
+Added: assets obtained in exchange for lease liabilities:
+Added: average remaining lease term (in years):
+Added: average discount rate:
+Added: following table presents the maturity of the Company’s lease liabilities as of September 30, 2021:
+Added: Schedule of Maturities of Operating Lease Liabilities
+Added: the twelve months ending September 30:
+Added: minimum lease payments
Imputed interest
−Removed: Present value
9 – Stockholders’ Equity (Deficit)
6 unchanged sentences
up” to the next whole share.
−Removed: share and per share amounts for the common stock have been retroactively restated to give effect to the reverse splits.
−Removed: Company’s authorized capital stock consists of 105,000,000 shares, of which 100,000,000 are for shares of common stock, par value
−Removed: $ 0.0001 per share, and 5,000,000 are for shares of preferred stock, par value $ 0.0001 per share, of which 500,000 have been designated
−Removed: as Series A Cumulative Convertible Preferred Stock (“Series A”).
−Removed: of June 30, 2021 and December 31, 2020, there were 226,523 and 173,974 shares of Series A preferred stock issued and outstanding, respectively.
−Removed: of June 30, 2021 and December 31, 2020, there were 2,500 and 0 shares of Series B preferred stock issued and outstanding, respectively.
−Removed: of June 30, 2021 and December 31, 2020, there were 3,629,452 and 3,506,752 shares of common stock issued and outstanding, respectively.
+Added: share and per share amounts for the common stock have been stated to give effect to the reverse split.
+Added: Company’s authorized capital stock consists of 105,000,000
+Added: shares, of which 100,000,000
+Added: are for shares of common stock, par value $ 0.0001
+Added: per share, and 5,000,000
+Added: are for shares of preferred stock, par value
+Added: per share, of which 500,000
+Added: have been designated as Series A Cumulative Convertible
+Added: Preferred Stock (“Series A”).
+Added: A portion of the Series A has been allocated and will be issued upon the occurrence of an
+Added: uplisting to a major stock exchange and subject to minimum volume requirement and any required underwriter lockup.
+Added: of September 30, 2021 and December 31, 2020, there were 235,772 and 173,974 shares of Series A preferred stock issued and outstanding,
+Added: respectively.
+Added: of September 30, 2021 and December 31, 2020, there were 2,900 and 0 shares of Series B preferred stock issued and outstanding, respectively.
+Added: of September 30, 2021 and December 31, 2020, there were 6,494,792 and 3,506,752 shares of common stock issued and outstanding, respectively.
Each share of the common stock entitles its holder to one vote on each matter submitted to the shareholders.
following is a summary of the Company’s option activity:
−Removed: of Stock Option Activity
−Removed: Exercise Price
−Removed: (as converted)
−Removed: Outstanding – December 31, 2020
−Removed: Exercisable – December 31, 2020
+Added: Summary of Stock Option Activity
+Added: – December 31, 2020
+Added: – December 31, 2020
Forfeited/Cancelled
−Removed: Outstanding – June 30, 2021
−Removed: Exercisable – June 30, 2021
−Removed: of Information Regarding Stock Options Outstanding
−Removed: Options Outstanding
−Removed: Options Exercisable
−Removed: Exercise Price
−Removed: Contractual Life
−Removed: Exercise Price
−Removed: Exercise Price
−Removed: $ 0.25 – 18.80
−Removed: June 30, 2021, the total intrinsic value of options outstanding and exercisable was $ 1,228,125 and $ 876,563 , respectively.
−Removed: the six months ended June 30, 2021 and 2020, the Company recorded total stock-based compensation expense related to options of approximately
−Removed: $ 194,858 and $ 40,597 , respectively.
−Removed: The unrecognized compensation expense at June 30, 2021 was approximately $ 106,059 .
+Added: – September 30, 2021
+Added: – September 30, 2021
+Added: Schedule of Information Regarding Stock Options Outstanding
+Added: September 30, 2021, the total intrinsic value of options outstanding and exercisable was $ 790,625.
+Added: the nine months ended September 30, 2021 and 2020, the Company recorded total stock-based compensation expense related to options of
+Added: approximately $ 343,989
+Added: and $ 310,423 ,
+Added: respectively.
+Added: The unrecognized compensation expense at September 30,
+Added: 2021 was approximately $ 77,858 .
following is a summary of the Company’s warrant activity:
−Removed: of Stock Warrants Activity
+Added: Summary of Stock Warrants Activity
Exercise Price
−Removed: (as converted)
−Removed: Outstanding – December 31, 2020
−Removed: Exercisable – December 31, 2020
+Added: – December 31, 2020
+Added: – December 31, 2020
Forfeited/Cancelled
−Removed: Outstanding – June 30, 2021
−Removed: Exercisable – June 30, 2021
+Added: – September 30, 2021
+Added: – September 30, 2021
of Information Regarding Stock Warrants Outstanding
−Removed: Warrants Outstanding
−Removed: Warrants Exercisable
−Removed: Exercise Price
Contractual Life
1 unchanged sentence
Exercise Price
−Removed: $ 0.50 – 3.00
−Removed: June 30, 2021 the total intrinsic value of warrants outstanding and exercisable was $ 17,450,000 and $ 14,935,000 , respectively.
+Added: September 30, 2021 the total intrinsic value of warrants outstanding and exercisable was $ 17,450,000.
March 24, 2021 the Company entered into an agreement with Kingswood Capital Markets (“Kingswood”), a division of Benchmark
56 unchanged sentences
instruments that potentially subject the Company to significant concentration of credit risk consist primarily of cash and cash equivalents.
−Removed: As of June 30, 2021 and December 31, 2020, substantially all of the Company’s cash and cash equivalents were held by major financial
−Removed: institutions and the balance in certain accounts exceeded the maximum amount insured by the Federal Deposits Insurance Corporation (“FDIC”).
−Removed: However, the Company has not experienced losses on these accounts and management believes that the Company is not exposed to significant
−Removed: risks on such accounts.
+Added: As of September 30, 2021 and December 31, 2020, substantially all of the Company’s cash and cash equivalents were held by major
+Added: financial institutions and the balance in certain accounts exceeded the maximum amount insured by the Federal Deposits Insurance Corporation
+Added: However, the Company has not experienced losses on these accounts and management believes that the Company is not
+Added: exposed to significant risks on such accounts.
11 – Subsequent Events
−Removed: On July 9, 2021 we changed our name from Wizard Brands, Inc.
−Removed: Road Miners, Inc.
−Removed: corresponding with a move to expand the current NFT mining activities into mining cryptocurrencies.
−Removed: August 6, 2021, Kick The Can Corp.
−Removed: (“KTC”), a Nevada corporation, a wholly owned subsidiary of Company, entered into an Asset
−Removed: Purchase Agreement (the “Agreement”) with Informa Pop Culture Events, Inc., a Delaware corporation (“Informa”).
−Removed: Pursuant to the Agreement, KTC sold, transferred, and assigned certain assets, properties, and rights to Informa related to the business
−Removed: of operating and producing the following live pop culture events:
−Removed: 1) Wizard World Chicago;
−Removed: 2) Wizard World Cleveland;
−Removed: 3) Wizard World
−Removed: 4) Wizard World Philadelphia;
−Removed: 5) Wizard World Portland;
−Removed: and 6) Wizard World St.
+Added: October 25, 2021, Creek Road Miners officially pivoted its business to cryptocurrency mining, with the completion of its first facility,
+Added: start of operations, and recognition of its first revenue from Bitcoin.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.