Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 18,945,817 $ 5,182,598
Accounts receivable 162,141 152,879
Gaming accounts receivable 1,455,710 1,242,005
Prepaid expenses 327,190 221,547
Related party receivable 1,519 4,123
Other current assets 301,289 461,398
Total Current Assets 21,193,666 7,264,550
Non - Current Assets    
Restricted cash 1,098,952 1,549,917
Property, plant and equipment 489,591 520,725
Right of use assets 687,568 792,078
Intangible assets 10,257,582 15,857,027
Goodwill 1,663,120 1,663,385
Marketable securities 467,500 177,500
Total Non - Current Assets 14,664,313 20,560,632
Total Assets 35,857,979 27,825,182
Current Liabilities    
Bank overdraft 3,902
Line of credit - bank 500,000 1,000,000
Accounts payable and accrued liabilities 7,961,146 6,800,765
Gaming accounts payable 3,084,768 1,735,650
Taxes payable 946,858 298,476
Advances from stockholders 565 2,551
Deferred purchase consideration, net of discount of $7,761 and $120,104 17,673 1,682,280
Deferred purchase consideration, Related Party, net of discount of $5,174 and $80,069 376,954 1,199,361
Debentures, net of discount of $0 and $627,627 34,547 3,361,337
Operating lease liability 238,899 200,866
Financial lease liability 10,511 12,476
Promissory notes payable - related party  
Bank loan payable- current portion 138,212 124,079
Total Current Liabilities 13,314,035 16,417,841
Non-Current Liabilities    
Deferred tax liability 1,222,513 1,315,954
Operating lease liability 416,861 548,747
Financial lease liability 17,265 25,025
Bank loan payable 66,885 96,786
Other long-term liabilities 664,067 619,544
Total Non- Current Liabilities 2,387,591 2,606,056
Total Liabilities 15,701,626 19,023,897
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; 20,029,834 and 11,949,042 shares issued and outstanding as of December 31, 2020 and 2019 2,003 1,194
Additional paid-in capital 53,064,919 32,218,643
Accumulated other comprehensive income 267,948 (176,717)
Accumulated deficit (33,178,517) (23,241,835)
Total Stockholders Equity 20,156,353 8,801,285
Total Liabilities and Stockholders Equity $ 35,857,979 $ 27,825,182