v3.22.2.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 4,690,034 $ 7,319,765
Accounts receivable 593,114 271,161
Gaming accounts receivable 1,116,713 2,418,492
Prepaid expenses 2,968,452 968,682
Related party receivable 8,318 1,413
Other current assets 372,561 403,972
Total Current Assets 9,749,192 11,383,485
Non-Current Assets    
Restricted cash 332,606 386,592
Property, plant and equipment 617,906 490,079
Right of use assets 1,276,733 589,288
Intangible assets 14,403,191 15,557,561
Goodwill 16,164,049 16,164,337
Marketable securities 50,749 7,499
Total Non-Current Assets 32,845,234 33,195,356
Total Assets 42,594,426 44,578,841
Current Liabilities    
Bank overdraft 7,520
Accounts payable and accrued liabilities 5,237,836 6,820,279
Gaming accounts payable 2,882,813 2,610,305
Taxes payable 401,933 47,787
Advances from related parties 161 502
Promissory notes payable, related parties 374,347 51,878
Operating lease liability 313,981 244,467
Financial lease liability 6,937 8,347
Bank loan payable, current portion 3,122 36,094
Total Current Liabilities 9,221,130 9,827,179
Non-Current Liabilities    
Contingent Purchase Consideration 14,257,232 12,859,399
Deferred tax liability 3,053,362 3,291,978
Operating lease liability 977,456 340,164
Financial lease liability 1,439 7,716
Bank loan payable 148,968 151,321
Equipment funding loan, related parties 360,355
Other long-term liabilities 380,012 359,567
Total Non-Current Liabilities 19,178,824 17,010,145
Total Liabilities 28,399,954 26,837,324
Stockholders' Equity    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized, none issued
Common stock, $0.0001 par value, 80,000,000 shares authorized; 30,360,810 and 23,363,732 shares issued and outstanding as of September 30, 2022 and December 31, 2021 3,036 2,336
Additional paid-in capital 73,756,657 66,233,292
Accumulated other comprehensive loss (1,129,079) (251,083)
Accumulated deficit (58,436,142) (48,243,028)
Total Stockholders' Equity 14,194,472 17,741,517
Total Liabilities and Stockholders’ Equity $ 42,594,426 $ 44,578,841

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