Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.10.0.1
Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 5,808,689 $ 6,469,858
Accounts receivable 11,312 116,489
Gaming accounts receivable 1,271,864 1,163,831
Prepaid expenses 210,155 87,692
Related Party Receivable 190,509
Other current assets 107,307 12,543
Total Current Assets 7,599,836 7,850,413
Noncurrent Assets    
Restricted cash 1,568,332 587,905
Property, plant and equipment 322,722 280,111
Intangible assets 12,635,966 3,245,748
Goodwill 260,318 260,318
Investment in non-consolidated entities 192,500 1
Total Noncurrent Assets 14,979,838 4,374,083
Total Assets 22,579,674 12,224,496
Current Liabilities    
Line of credit - bank 500,000 177,060
Accounts payable and accrued liabilities 3,317,455 1,606,560
Gaming accounts balances 1,031,949 1,274,856
Taxes payable 1,007,753 1,555,371
Advances from stockholders 141,667 547,809
Liability in connection with acquisition 142,245
Debentures, net of discount 3,415,054 1,148,107
Derivative liability 222,915
Promissory notes payable - other 100,749
Promissory notes payable- related party 318,078 318,078
Bank loan payable - current portion 131,079 121,208
Total Current Liabilities 9,863,035 7,214,958
Bank loan payable 259,405 362,808
Other long term liabilities 605,160 532,680
Total Liabilities 10,727,600 8,110,446
Stockholders' Deficiency    
Common Stock, $0.0001 par value, 80,000,000 shares authorized; 74,254,590 and 74,143,590 shares issued and outstanding as of June 30, 2018 and December 31, 2017 7,534 7,415
Additional - paid in capital 23,990,363 14,254,582
Accumulated other comprehensive income (904,114) (250,327)
Accumulated deficit (11,241,709) (9,897,620)
Total Stockholders' Equity 11,852,074 4,114,050
Total Liabilities and Stockholders' Equity $ 22,579,674 $ 12,224,496