Registration statement for securities of certain foreign private issuers

BUSINESS COMBINATIONS (Details)

v3.22.2.2
BUSINESS COMBINATIONS (Details)
£ in Millions
12 Months Ended
Jul. 17, 2020
USD ($)
Dec. 31, 2020
USD ($)
Nov. 30, 2020
USD ($)
Nov. 30, 2020
GBP (£)
BUSINESS COMBINATIONS        
Purchase consideration     $ 4,700,000 £ 3.6
Less: Acquired liabilities        
Difference between the purchase consideration and the total of net assets acquired $ 25,190,856      
Entrepreneur Resorts        
BUSINESS COMBINATIONS        
Voting interest acquired (in percent) 97.80% 97.80%    
Purchase consideration $ 30,997,810 $ 30,997,810    
Consideration made up of shares 30,997,810 30,997,810    
Summary of the allocation of the purchase consideration to the fair value of the assets and liabilities associated with Entrepreneur Resorts at acquisition        
Cash and cash equivalents 1,376,396 1,376,396    
Accounts receivable, net 196,434 196,434    
Due from related parties 3,171 3,171    
Inventories 157,927 157,927    
Prepaid expenses and other current assets 613,164 613,164    
Property and equipment, net 6,865,544 6,865,544    
Operating lease right-of-use asset 1,740,083 1,740,083    
Other intangible assets 67,849 67,849    
Goodwill 1,209,953 1,209,953    
Total acquired assets 12,230,521 12,230,521    
Less: Acquired liabilities        
Accounts payable 56,490 56,490    
Accrued expenses and other current liabilities 1,013,665 1,013,665    
Deferred revenue 564,215 564,215    
Operating lease liabilities - current portion 519,740 519,740    
Deferred tax liability 607,270 607,270    
Operating lease liabilities - non-current portion 1,311,110 1,311,110    
Loans payable - non-current portion 1,000,000 1,000,000    
Convertible debt obligations 1,220,450 1,220,450    
Total acquired liabilities 6,292,940 6,292,940    
Net assets 5,937,581 5,937,581    
Net assets acquired - 97.8% controlling interest $ 5,806,954 5,806,954    
Difference between the purchase consideration and the total of net assets acquired   $ 25,190,856