Hall of Fame Resort & Entertainment Company (HOFV) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,2837,1462903
Cash and cash equivalents10,2837,1462903
Restricted cash and investments7,105    
Receivables2,367    
Inventory, net of allowances, customer advances and progress billings(3,537)    
Inventory(3,537)    
Prepaid expense999 197 
Deferred costs 26,200  332
Other undisclosed current assets  3  
Total current assets:17,21733,3462496335
Noncurrent Assets
Property, plant and equipment180,461154,356   
Other undisclosed noncurrent assets  117,285128,397 
Total noncurrent assets:180,461154,356117,285128,397 
Other undisclosed assets139,611123,143   
TOTAL ASSETS:337,288310,844117,309128,493335
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:12,12120,538533594257
Accounts payable  5333092
Accrued liabilities    255
Taxes payable   285 
Other undisclosed accounts payable and accrued liabilities12,12120,538   
Derivative instruments and hedges, liabilities 19,112   
Due to related parties1,819   55
Total current liabilities:13,94039,650533594312
Noncurrent Liabilities
Long-term debt and lease obligation500    
Long-term debt, excluding current maturities500    
Liabilities, other than long-term debt30,04027   
Other liabilities 27   
Derivative instruments and hedges, liabilities30,040    
Other undisclosed noncurrent liabilities  7,4674,448 
Total noncurrent liabilities:30,540277,4674,448 
Other undisclosed liabilities88,230106,085   
Total liabilities:132,710145,7638,0005,042312
Temporary equity, carrying amount  104,309118,451 
Stockholders' equity
Stockholders' equity attributable to parent, including:205,175165,2785,0005,00023
Common stock106   
Additional paid in capital305,117172,1133,1003,92125
Retained earnings (accumulated deficit)(99,952)(6,841)1,8991,079(2)
Other undisclosed stockholders' equity attributable to parent0 000
Stockholders' equity attributable to noncontrolling interest(597)(197)   
Total stockholders' equity:204,578165,0825,0005,00023
TOTAL LIABILITIES AND EQUITY:337,288310,844117,309128,493335

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues10,7707,099   
Gross profit:10,7707,099   
Operating expenses(47,157)(39,809)(1,416)(781) 
Operating loss:(36,387)(32,709)(1,416)(781) 
Nonoperating income (expense)(56,427)(12,976)2,6612,147 
Investment income, nonoperating(5,160)(10,571)2,6512,133 
Interest and debt expense(3,581)(4,282)   
Income (loss) from continuing operations before equity method investments, income taxes:(96,394)(49,967)1,2451,366 
Other undisclosed income from continuing operations before income taxes 4,282   
Income (loss) from continuing operations before income taxes:(96,394)(45,685)1,2451,366 
Income tax expense  (424)(285) 
Income (loss) before gain (loss) on sale of properties:(96,394)(45,685)8201,081 
Other undisclosed net income3,581    
Net income (loss):(92,814)(45,685)8201,081 
Net income attributable to noncontrolling interest400197   
Other undisclosed net loss attributable to parent (197)   
Net income (loss) attributable to parent:(92,413)(45,685)8201,081 
Preferred stock dividends and other adjustments  (1,855)(1,571) 
Other undisclosed net income available to common stockholders, basic 197   
Net loss available to common stockholders, diluted:(92,413)(45,489)(1,034)(490) 

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(92,814)(45,685)8201,081 
Comprehensive income (loss):(92,814)(45,685)8201,081 
Comprehensive income, net of tax, attributable to noncontrolling interest400197   
Comprehensive income (loss), net of tax, attributable to parent:(92,413)(45,489)8201,081 

Statements sources

The financial statements are based on the company's filings with the 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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