Allied Esports Entertainment, Inc. (AESE) 10-Q Quarterly Report Mon Nov 09 2020

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2020	Nov. 06, 2020
Document Information Line Items
Entity Registrant Name	ALLIED ESPORTS ENTERTAINMENT INC.
Trading Symbol	AESE
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		35,110,843
Amendment Flag	false
Entity Central Index Key	0001708341
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-38226
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-1659427
Entity Address, Address Line One	17877Von Karman Avenue,
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Irvine
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92614
City Area Code	(949)
Local Phone Number	225-2600
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

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Inside Allied Esports Entertainment, Inc.'s 10-Q Quarterly Report:

Financial - Expense Highlight
32 Costs and expenses In-person costs (exclusive of depreciation and amortization) decreased by approximately $0.6 million, or 47%, to approximately $0.6 million for the three months ended September 30, 2020 from approximately $1.2 million for the three months ended September 30, 2019.

Financial - Expense Highlight
Costs and expenses In-person costs (exclusive of depreciation and amortization) decreased by approximately $1.2 million, or 36%, to approximately $2.1 million for the nine months ended September 30, 2020 from approximately $3.3 million for the nine months ended September 30, 2019.
Other - Other Highlight
The FASB issued ASU No. 2018-10 "Codification Improvements to Topic 842, Leases" and ASU No. 2018-11 "Leases (Topic 842) Targeted Improvements" in July 2018 ("ASU 2018-10" and "ASU 2018-11"), and ASU No. 2018-20 "Leases (Topic 842) - Narrow Scope Improvements for Lessors" in December 2018 ("ASU 2018-20").
Financial - Expense Highlight
Multiplatform content costs (exclusive of depreciation and amortization) decreased by approximately $0.9 million, or 33%, to approximately $2.0 million for the nine months ended September 30, 2020 from approximately $2.9 million for the nine months ended September 30, 2019, primarily due to a decrease in production costs related to television content, since production of content was temporarily stopped as a result of the COVID-19 pandemic.
Financial - Shares Highlight
Each Investor may accelerate up to four Monthly Redemption Payments in any calendar month and may elect to have such accelerated Monthly Redemption Payments paid in shares of the Company's common stock at the Stock Settlement Price of the contemporaneous or immediately prior Monthly Redemption Payment, instead of in cash.
Financial - Debt
During the nine months ended...Read more
Financial - Earnings
The Company's continuation is dependent...Read more
Revenue - Product
The decrease in in-person revenues...Read more
Revenue - Product
The decrease in in-person revenues...Read more
Financial - Debt
As of September 30, 2020,...Read more
Other - Other
ASU 2020-02 amends the effective...Read more
Financial - Expense
Conversion inducement expense of approximately...Read more
Other - Other
Actual results could differ materially...Read more
Other - Other
The Company also agreed to...Read more
Financial - Shares
Between August 7 and November...Read more
Financial - Expense
General and administrative expenses decreased...Read more
Financial - Expense
General and administrative expenses decreased...Read more
Revenue - Product
The increase in interactive revenues...Read more
Revenue - Product
The increase in interactive revenues...Read more
Other - Other
Of the $4.9 million of...Read more
Financial - Cash Flow
We are continuing to monitor...Read more
Revenue - Product
Beginning in June 2020, the...Read more
Other - Other
Paycheck Protection Program Loans During...Read more
Financial - Expense
The decrease in general and...Read more
Financial - Expense
The decrease in general and...Read more
Financial - Expense
The amendments in ASU 2018-13...Read more
Other - Other
In July 2018, the FASB...Read more
Other - Other
This amendment will be effective...Read more
Other - Other
Under current guidance, Step 2...Read more
Other - Other
The majority of the amendments...Read more
Other - Other
All other amendments should be...Read more
Other - Other
The amendments are effective for...Read more
Other - Other
The amendments in this update...Read more
Other - Other
While there could ultimately be...Read more
Financial - Expense
Impairment expense of approximately $1.1...Read more
Other - Other
These statements are often identified...Read more
Other - Other
The carrying value in excess...Read more
Other - Other
Under the new standard, goodwill...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Allied Esports Entertainment, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 3.1: Amendment To The Second Amended And Restated Certificate Of Incorporation Of All

Exhibit 31.1: Certification

Exhibit 31.2: Certification

Exhibit 32.1: Certification

Exhibit 32.2: Certification

Exhibit 99.1: Press Release

Ticker: AESE
CIK: 1708341
Form Type: 10-Q Quarterly Report
Accession Number: 0001213900-20-035985
Submitted to the SEC: Mon Nov 09 2020 5:22:22 PM EST
Accepted by the SEC: Mon Nov 09 2020
Period: Wednesday, September 30, 2020
Industry: Amusement And Recreation Services