Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Details)

v3.21.2
Segment Reporting (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Segment Reporting Information [Line Items]        
Net Gaming Revenue     $ 33,877,359 $ 24,682,239
Intercompany Service revenue    
Total Revenue $ 8,030,082 $ 9,701,796 33,877,359 24,682,239
Operating expenses        
Intercompany service expense    
Selling expenses 6,054,757 7,154,623 26,333,156 17,327,150
General and administrative expenses 5,075,300 3,156,505 13,975,455 8,860,893
(Loss) income from operations (3,099,975) (609,332) (6,431,252) (1,505,804)
Other (expense) income        
Other income 74,327 37,273 444,689 62,933
Other expense (384) (109,623) (28,522) (109,623)
Interest expense, net (4,705) (56,093) (14,748) (229,166)
Change in fair value of contingent purchase consideration (569,076) (569,076)
Amortization of present value discount (43,604) (12,833) (780,678)
Loss on conversion of debt (719,390)
Loss on marketable securities (200,000) (250,000) (292,500) 472,500
Total other (expenses) income (699,838) (422,047) (472,990) (1,303,424)
Income (Loss) before Income Taxes (3,799,813) (1,031,379) (6,904,242) (2,809,228)
Income tax provision 284,636 (181,902) 8,136 (771,999)
Net Income (Loss) $ (3,515,177) $ (1,213,281) (6,896,106) (3,581,227)
Betting establishments        
Segment Reporting Information [Line Items]        
Net Gaming Revenue     33,448,435 24,623,487
Intercompany Service revenue     271,518 62,159
Total Revenue     33,719,953 24,685,646
Operating expenses        
Intercompany service expense     3,323,848 1,971,089
Selling expenses     26,318,643 17,316,388
General and administrative expenses     5,251,863 3,216,798
(Loss) income from operations     (1,174,401) 2,181,371
Other (expense) income        
Other income     434,624 62,888
Other expense     (23,954) (109,098)
Interest expense, net     (7,486) (2,292)
Change in fair value of contingent purchase consideration      
Amortization of present value discount    
Loss on conversion of debt      
Loss on marketable securities    
Total other (expenses) income     403,184 (48,502)
Income (Loss) before Income Taxes     (771,217) 2,132,869
Income tax provision     (50,666) (674,273)
Net Income (Loss)     (821,883) 1,458,596
Betting platform software and services        
Segment Reporting Information [Line Items]        
Net Gaming Revenue     428,924 58,752
Intercompany Service revenue     3,323,848 1,971,089
Total Revenue     3,752,772 2,029,841
Operating expenses        
Intercompany service expense     271,518 62,159
Selling expenses     14,513 10,762
General and administrative expenses     4,204,834 2,750,780
(Loss) income from operations     (738,093) (793,860)
Other (expense) income        
Other income     2,073 45
Other expense     (4,568) (525)
Interest expense, net     (2,109) (66)
Change in fair value of contingent purchase consideration      
Amortization of present value discount    
Loss on conversion of debt      
Loss on marketable securities    
Total other (expenses) income     (4,604) (546)
Income (Loss) before Income Taxes     (742,697) (794,406)
Income tax provision     58,802 64,386
Net Income (Loss)     (683,895) (730,020)
All other        
Segment Reporting Information [Line Items]        
Net Gaming Revenue    
Intercompany Service revenue    
Total Revenue    
Operating expenses        
Intercompany service expense    
Selling expenses    
General and administrative expenses     4,518,758 2,893,315
(Loss) income from operations     (4,518,758) (2,893,315)
Other (expense) income        
Other income     7,992
Other expense    
Interest expense, net     (5,153) (226,808)
Change in fair value of contingent purchase consideration     (569,076)  
Amortization of present value discount     (12,833) (780,678)
Loss on conversion of debt       (719,390)
Loss on marketable securities     (292,500) 472,500
Total other (expenses) income     (871,570) (1,254,376)
Income (Loss) before Income Taxes     (5,390,328) (4,147,691)
Income tax provision     (162,112)
Net Income (Loss)     (5,390,328) (4,309,803)
Scenario, Adjustment [Member]        
Segment Reporting Information [Line Items]        
Net Gaming Revenue    
Intercompany Service revenue     (3,595,366) (2,033,248)
Total Revenue     (3,595,366) (2,033,248)
Operating expenses        
Intercompany service expense     (3,595,366) (2,033,248)
Selling expenses    
General and administrative expenses    
(Loss) income from operations    
Other (expense) income        
Other income    
Other expense    
Interest expense, net    
Change in fair value of contingent purchase consideration      
Amortization of present value discount    
Loss on conversion of debt      
Loss on marketable securities    
Total other (expenses) income    
Income (Loss) before Income Taxes    
Income tax provision    
Net Income (Loss)