Hall of Fame Resort & Entertainment Company (HOFV) Financial Statements (2024 and earlier)

Company Profile

Business Address 2626 FULTON DRIVE NW
CANTON, OH 44718
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 799 - Miscellaneous Amusement And Recreation (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,2434,30721,66739,70243,05015,913
Cash and cash equivalents3,2434,3079,3077,39526,01715,913
Short-term investments   12,36032,30717,034 
Restricted cash and investments   16,8517,3067,50016,690
Receivables   2,6412,7001,8113,569
Inventory, net of allowances, customer advances and progress billings   (3,652)(3,693)(3,511)(3,589)
Inventory   (3,652)(3,693)(3,511)(3,589)
Asset, held-for-sale, not part of disposal group 12,325     
Total current assets:15,5694,30737,50746,01548,85032,583
Noncurrent Assets
Operating lease, right-of-use asset7,3887,4247,4727,5177,5627,608
Property, plant and equipment344,379368,023370,936252,820248,827234,288
Long-term investments and receivables      
Long-term investments      
Intangible assets, net (including goodwill)   9,450 9,75010,069
Intangible assets, net (excluding goodwill)   9,450 9,75010,069
Restricted cash and investments     4,500 
Total noncurrent assets:351,767375,447387,858260,337270,639251,965
Other undisclosed assets74,56267,30725,764154,815136,808136,794
TOTAL ASSETS:441,897447,062451,129461,167456,297421,342
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:   16,09016,81717,57623,778
Other undisclosed accounts payable and accrued liabilities   16,09016,81717,57623,778
Debt  2,00061,30060,67563,215178,390
Due to related parties 3,710
Total current liabilities:  2,00077,38977,49280,791205,878
Noncurrent Liabilities
Long-term debt and lease obligation:      3,409
Liabilities, other than long-term debt   3,6623,7183,613390
Other liabilities      262
Operating lease, liability   3,4223,4183,4133,409
Derivative instruments and hedges, liabilities   240300200128
Total noncurrent liabilities:   3,6623,7183,6133,799
Other undisclosed liabilities315,159300,892210,261207,707180,6356,461
Total liabilities:315,159302,892291,313288,917265,039216,137
Temporary equity, carrying amount   0 0 
Equity
Equity, attributable to parent, including:127,692145,118160,754173,182192,141206,139
Common stock1111112
Additional paid in capital344,335341,598340,815339,689339,038334,518
Accumulated deficit(216,644)(196,481)(180,062)(166,508)(146,898)(128,391)
Receivable from shareholders or affiliates for issuance of capital stock    (7,823)(6,635)(5,198)
Other undisclosed equity, attributable to parent0007,8236,6355,198
Equity, attributable to noncontrolling interest(955)(948)(937)(931)(883)(934)
Total equity:126,737144,169159,817172,251191,258205,205
Other undisclosed liabilities and equity   (0) (0) 
TOTAL LIABILITIES AND EQUITY:441,897447,062451,129461,167456,297421,342

Income Statement (P&L) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues6,1378,7456,1273,1202,5238,664
Sublease income   2,026   
Other income 4,117149    
Cost of revenue
(Financing Interest Expense)
    (60,675)  
Other undisclosed gross profit     14,721 
Gross profit:6,1378,7456,127(57,555)17,2448,664
Operating expenses(21,454)(18,783)(15,655)(17,686)(11,217)(18,531)
Other undisclosed operating income (loss)    60,675(14,721) 
Operating loss:(15,317)(10,039)(9,527)(14,566)(8,694)(9,867)
Nonoperating expense(4,587)(6,126)(3,766)(4,827)(9,496)(1,093)
Investment income, nonoperating (3,751) 60(956)(2,712)(1,260)
Interest and debt expense (4,700)(6,027) (3,633)(5,229)(1,670)
Loss from continuing operations:(24,604)(22,191)(13,293)(23,025)(23,419)(12,630)
Loss before gain (loss) on sale of properties:(12,630)
Other undisclosed net income 4,7006,027 3,6335,377 
Net loss:(19,904)(16,164)(13,293)(19,392)(18,042)(12,630)
Net income (loss) attributable to noncontrolling interest711649(51)101
Other undisclosed net income attributable to parent     1891,569
Net loss attributable to parent:(19,897)(16,153)(13,288)(19,344)(17,905)(10,959)
Other undisclosed net loss available to common stockholders, basic(266)(266)    
Net loss available to common stockholders, diluted:(20,163)(16,419)(13,288)(19,344)(17,905)(10,959)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net loss:(19,904)(16,164)(13,293)(19,392)(18,042)(12,630)
Comprehensive loss:(19,904)(16,164)(13,293)(19,392)(18,042)(12,630)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest711649(51)101
Comprehensive loss, net of tax, attributable to parent:(19,897)(16,153)(13,288)(19,344)(18,093)(12,529)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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