Quarterly report pursuant to Section 13 or 15(d)

Segmental Reporting (Details Narrative)

v3.21.1
Segmental Reporting (Details Narrative) - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net Gaming Revenues $ 14,157,328 $ 10,170,174
Intercompany Service revenue
Revenue 14,157,328 10,170,174
Operating expenses    
Intercompany service expense
Selling expenses 10,661,815 6,215,161
General and administrative expenses 4,145,210 2,820,961
Total Costs and Expenses 14,807,025 9,036,122
Income (Loss) from operations (649,697) 1,134,052
Other (Expenses) Income    
Interest expense, net (7,849) (139,974)
Amortization of debt discount (12,833) (450,229)
Other income 281,344 11,798
Other expense (26,930)
Gain on marketable securities 195,000 130,000
Total other (expenses) income 428,732 (448,405)
(Loss) Income before Income Taxes (220,965) 685,647
Income taxes provision (388,614) (528,038)
Net (Loss) Income (609,579) 157,609
Betting establishments [Member]    
Net Gaming Revenues 14,065,599 10,160,370
Intercompany Service revenue 97,624 25,090
Revenue 14,163,223 10,185,460
Operating expenses    
Intercompany service expense 802,112 799,714
Selling expenses 10,657,764 6,210,347
General and administrative expenses 1,687,969 1,245,510
Total Costs and Expenses 13,147,845 8,255,571
Income (Loss) from operations 1,015,378 1,929,889
Other (Expenses) Income    
Interest expense, net (2,692) (49,349)
Amortization of debt discount
Other income 280,882 11,798
Other expense (24,118)  
Gain on marketable securities
Total other (expenses) income 254,072 (37,551)
(Loss) Income before Income Taxes 1,269,450 1,892,338
Income taxes provision (393,410) (545,868)
Net (Loss) Income 876,040 1,346,470
Betting Platform Software and Services [Member]    
Net Gaming Revenues 91,729 9,804
Intercompany Service revenue 802,112 799,714
Revenue 893,841 809,518
Operating expenses    
Intercompany service expense 97,624 25,090
Selling expenses 4,051 553,897
General and administrative expenses 1,264,188 444,538
Total Costs and Expenses 1,365,863 1,023,525
Income (Loss) from operations (472,022) (214,007)
Other (Expenses) Income    
Interest expense, net (3) 3
Amortization of debt discount
Other income 462
Other expense (2,812)  
Gain on marketable securities
Total other (expenses) income (2,353) 3
(Loss) Income before Income Taxes (474,375) (214,004)
Income taxes provision 4,796 (5,530)
Net (Loss) Income (469,579) (219,534)
All Other [Member]    
Net Gaming Revenues
Intercompany Service revenue
Revenue
Operating expenses    
Intercompany service expense
Selling expenses
General and administrative expenses 1,193,053 581,830
Total Costs and Expenses 1,193,053 581,830
Income (Loss) from operations (1,193,053) (581,830)
Other (Expenses) Income    
Interest expense, net (5,154) (90,628)
Amortization of debt discount (12,833) (450,229)
Other income
Other expense  
Gain on marketable securities 195,000 130,000
Total other (expenses) income 177,013 (410,857)
(Loss) Income before Income Taxes (1,016,040) (992,687)
Income taxes provision 23,360
Net (Loss) Income (1,016,040) (969,327)
Adjustment [Member]    
Net Gaming Revenues
Intercompany Service revenue (899,736) (824,804)
Revenue (899,736) (824,804)
Operating expenses    
Intercompany service expense (899,736) (824,804)
Selling expenses
General and administrative expenses
Total Costs and Expenses (899,736) (824,804)
Income (Loss) from operations
Other (Expenses) Income    
Interest expense, net
Amortization of debt discount
Other income
Other expense  
Gain on marketable securities
Total other (expenses) income
(Loss) Income before Income Taxes
Income taxes provision
Net (Loss) Income