Annual report pursuant to Section 13 and 15(d)

Acquisition of subsidiaries (Tables)

v3.21.1
Acquisition of subsidiaries (Tables)
12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Acquisition of subsidiaries

    Amount
Purchase consideration, net of discount of $382,778   $ 4,193,375  
Fair value of assets acquired        
Cash     47,268  
Current assets     178,181  
Property, Plant and Equipment     41,473  
Betting Platform     4,004,594  
      4,271,516  
Less: liabilities assumed     (78,141 )
Less: Imputed Deferred taxation on identifiable intangible acquired (Betting Platform)     (1,401,608 )
Total identifiable assets less liabilities assumed     2,791,767  
Goodwill arising on acquisition     1,401,608  
Total purchase consideration   $ 4,193,375