BUSINESS COMBINATIONS - Genius Group's Acquisition of Entrepreneurs Institute (Details) £ in Millions |
12 Months Ended | ||||||
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Aug. 22, 2019
USD ($)
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Dec. 31, 2019
USD ($)
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Nov. 30, 2020
USD ($)
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Nov. 30, 2020
GBP (£)
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Aug. 30, 2019
USD ($)
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BUSINESS COMBINATIONS | |||||||
Purchase consideration | $ 4,700,000 | £ 3.6 | |||||
Bargain purchase gain | [1] | $ 1,060,794 | |||||
Entrepreneurs Institute | |||||||
BUSINESS COMBINATIONS | |||||||
Voting interest acquired (in percent) | 100.00% | ||||||
Purchase consideration | $ 8,000,000 | ||||||
Ordinary shares issued | 6,400,000 | ||||||
Cash | 800,000 | ||||||
Non-interest bearing note payable to the seller | 800,000 | ||||||
Non-interest bearing note payable to the seller on first anniversary | 400,000 | ||||||
Non-interest bearing note payable to the seller on second anniversary | $ 400,000 | ||||||
Matla Game Lodge | |||||||
BUSINESS COMBINATIONS | |||||||
Voting interest acquired (in percent) | 100.00% | ||||||
Purchase consideration | $ 1 | ||||||
Bargain purchase gain | $ 1,060,795 | ||||||
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- Definition The fair value, at acquisition date, of liabilities incurred payable on first anniversary of acquisition date No definition available.
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- Definition The fair value, at acquisition date, of liabilities incurred payable on second anniversary of acquisition date No definition available.
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- Definition The fair value, at acquisition date, of the consideration transferred in a business combination. [Refer: Business combinations [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The fair value, at acquisition date, of cash transferred as consideration in a business combination. [Refer: Business combinations [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table. No definition available.
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- Definition The fair value, at the acquisition date, of equity interests of the acquirer transferred as consideration in a business combination. [Refer: Business combinations [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of any gain recognised in a business combination in which the net of the identifiable assets acquired and the liabilities assumed exceeds the aggregate of the consideration transferred, non-controlling interest in the acquiree and fair value of the acquirer's previously held equity interest in the acquiree. [Refer: Business combinations [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The fair value, at acquisition date, of liabilities incurred (for example, a liability for contingent consideration) as consideration transferred in a business combination. [Refer: Business combinations [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The percentage of voting equity interests acquired in a business combination. [Refer: Business combinations [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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