Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 9,408,035 $ 18,945,817
Accounts receivable 126,810 162,141
Gaming accounts receivable 1,291,802 1,455,710
Prepaid expenses 802,153 327,190
Related party receivable 1,438 1,519
Other current assets 495,649 301,289
Total Current Assets 12,125,887 21,193,666
Non-Current Assets    
Restricted cash 1,393,404 1,098,952
Property, plant and equipment 444,608 489,591
Right of use assets 581,944 687,568
Intangible assets 20,324,314 10,257,582
Goodwill 28,687,156 1,663,120
Marketable securities 175,000 467,500
Total Non - Current Assets 51,606,426 14,664,313
Total Assets 63,732,313 35,857,979
Current Liabilities    
Bank overdraft 4,705 3,902
Line of credit - bank 500,000
Accounts payable and accrued liabilities 4,225,564 7,961,146
Gaming accounts payable 3,420,042 3,084,768
Taxes payable 789,407 946,858
Related party payable 51,397 565
Deferred purchase consideration, net of discount of $0 and $7,761 17,673
Deferred purchase consideration, Related Party, net of discount of $0 and $5,174 376,954
Convertible debentures 34,547
Operating lease liability 71,574 238,899
Financial lease liability 2,107 10,511
Bank loan payable – current portion 75,680 138,212
Total Current Liabilities 8,640,476 13,314,035
Non-Current Liabilities    
Deferred tax liability 3,371,517 1,222,513
Operating lease liability 492,215 416,861
Financial lease liability 16,346 17,265
Bank loan payable 146,325 66,885
Contingent purchase consideration 25,286,033
Other long-term liabilities 357,577 664,067
Total Non – Current Liabilities 29,670,013 2,387,591
Total Liabilities 38,310,489 15,701,626
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; 23,297,932 and 20,029,834 shares issued and outstanding as of September 30, 2021 and December 31, 2020 2,330 2,003
Additional paid-in capital 65,640,086 53,064,919
Accumulated other comprehensive (deficit) income (145,969) 267,948
Accumulated deficit (40,074,623) (33,178,517)
Total Stockholders' Equity 25,421,824 20,156,353
Total Liabilities and Stockholders’ Equity $ 63,732,313 $ 35,857,979