v3.22.2.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 6,018,635 $ 7,319,765
Accounts receivable 458,627 271,161
Gaming accounts receivable 901,779 2,418,492
Prepaid expenses 1,977,571 968,682
Related party receivable 1,413
Other current assets 458,032 403,972
Total Current Assets 9,814,644 11,383,485
Non - Current Assets    
Restricted cash 355,643 386,592
Property and equipment 567,135 490,079
Right of use assets 1,117,563 589,288
Intangible assets 14,781,491 15,557,561
Goodwill 16,164,108 16,164,337
Marketable securities 100,000 7,499
Total Non - Current Assets 33,085,940 33,195,356
Total Assets 42,900,584 44,578,841
Current Liabilities    
Bank overdraft 7,520
Accounts payable and accrued liabilities 4,790,763 6,820,279
Gaming accounts payable 2,716,199 2,610,305
Taxes payable 192,497 47,787
Advances from stockholders 173 502
Promissory notes payable - related parties 321,144 51,878
Operating lease liability 293,343 244,467
Financial lease liability 7,584 8,347
Bank loan payable - current portion 3,093 36,094
Total Current Liabilities 8,324,796 9,827,179
Non-Current Liabilities    
Contingent Purchase Consideration 13,775,173 12,859,399
Deferred tax liability 3,132,901 3,291,978
Operating lease liability 833,045 340,164
Financial lease liability 3,330 7,716
Bank loan payable 149,759 151,321
Other long-term liabilities 371,242 359,567
Total Non-Current Liabilities 18,265,450 17,010,145
Total Liabilities 26,590,246 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; 26,319,583 and 23,363,732 shares issued and outstanding as of June 30, 2022 and December 31, 2021 2,632 2,336
Additional paid-in capital 71,681,523 66,233,292
Accumulated other comprehensive income (761,314) (251,083)
Accumulated deficit (54,612,503) (48,243,028)
Total Stockholders' Equity 16,310,338 17,741,517
Total Liabilities and Stockholders’ Equity $ 42,900,584 $ 44,578,841

Source