v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 6,605,262 $ 7,319,765
Accounts receivable 406,184 271,161
Gaming accounts receivable 1,137,928 2,418,492
Prepaid expenses 1,513,166 968,682
Related party receivable 1,378 1,413
Other current assets 352,487 403,972
Total Current Assets 10,016,405 11,383,485
Non – Current Assets    
Restricted cash 377,048 386,592
Property and equipment 534,366 490,079
Right of use assets 1,251,796 589,288
Intangible assets 15,169,670 15,557,561
Goodwill 16,164,228 16,164,337
Marketable securities 85,000 7,499
Total Non – Current Assets 33,582,108 33,195,356
Total Assets 43,598,513 44,578,841
Current Liabilities    
Bank overdraft 7,520
Accounts payable and accrued liabilities 6,486,958 6,820,279
Gaming accounts payable 2,272,499 2,610,305
Taxes payable 272,491 47,787
Advances from stockholders 3,159 502
Promissory notes payable – related parties 52,922 51,878
Operating lease liability 297,554 244,467
Financial lease liability 8,091 8,347
Bank loan payable – current portion 3,064 36,094
Total Current Liabilities 9,396,738 9,827,179
Non-Current Liabilities    
Contingent Purchase Consideration 13,309,412 12,859,399
Deferred tax liability 3,212,439 3,291,978
Operating lease liability 958,072 340,164
Financial lease liability 5,538 7,716
Bank loan payable 150,544 151,321
Other long-term liabilities 379,656 359,567
Total Non – Current Liabilities 18,015,661 17,010,145
Total Liabilities 27,412,399 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; 23,583,039 and 23,363,732 shares issued and outstanding as of March 31, 2022 and December 31, 2021 2,358 2,336
Additional paid-in capital 67,383,858 66,233,292
Accumulated other comprehensive (loss) income (402,858) (251,083)
Accumulated deficit (50,797,244) (48,243,028)
Total Stockholders’ Equity 16,186,114 17,741,517
Total Liabilities and Stockholders’ Equity $ 43,598,513 $ 44,578,841

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