| Intangible Assets |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
September 30,
2021
|
|
December 31, 2020 |
| |
Cost |
|
Accumulated amortization |
|
Net book value |
|
Net book value |
| Betting platform software |
$ |
5,689,965 |
|
|
$ |
(1,301,150 |
) |
|
$ |
4,388,815 |
|
|
$ |
4,673,314 |
|
| Licenses |
|
5,797,954 |
|
|
|
(955,554 |
) |
|
|
4,842,400 |
|
|
|
4,917,733 |
|
| Location contracts |
|
1,000,000 |
|
|
|
(1,000,000 |
) |
|
|
— |
|
|
|
88,455 |
|
| Customer relationships |
|
8,145,927 |
|
|
|
(491,237 |
) |
|
|
7,654,690 |
|
|
|
509,237 |
|
| Trademarks |
|
1,537,972 |
|
|
|
(86,396 |
) |
|
|
1,451,576 |
|
|
|
68,843 |
|
| Non-compete agreements |
|
2,096,000 |
|
|
|
(109,167 |
) |
|
|
1,986,833 |
|
|
|
— |
|
| Websites |
|
40,000 |
|
|
|
(40,000 |
) |
|
|
— |
|
|
|
— |
|
| |
$ |
24,307,818 |
|
|
$ |
(3,983,504 |
) |
|
$ |
20,324,314 |
|
|
$ |
10,257,582 |
|
|
| Intangible Assets - Amortization Expense |
| Amortization Expense |
|
Amount |
|
| |
Remainder of 2021 |
$ |
390,124 |
|
| |
2022 |
|
1,520,415 |
|
| |
2023 |
|
1,519,836 |
|
| |
2024 |
|
1,518,174 |
|
| |
2025 |
|
1,278,007 |
|
| |
2026 |
|
994,173 |
|
| |
Total estimated amortization expense |
$ |
7,220,729 |
|
| |
|
|
|
|
|
|
|