Elys Game Technology, Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

7. Intangible Assets (Tables)

7. Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets


		December 31, 2021																December 31, 2020
		Cost				Impairment charge				Accumulated amortization				Net book value				Net book value
Betting platform software		$	6,149,537			$	—			$	(1,403,642	)		$	4,745,895			$	4,673,314
Licenses			5,794,966				(4,827,914	)			(963,639	)			3,413				4,917,733
Location contracts			1,000,000				—				(1,000,000	)			—				88,455
Customer relationships			8,145,927				—				(607,394	)			7,538,533				509,237
Trademarks			1,537,817				—				(123,930	)			1,413,887				68,843
Non-compete agreement			2,096,000				—				(240,167	)			1,855,833				—
Websites			40,000				—				(40,000	)			—				—
		$	24,764,247			$	(4,827,914	)		$	(4,378,772	)		$	15,557,561			$	10,257,582

Intangible Assets - Amortization Expense

Amortization Expense			Amount
	2021		$	1,552,219
	2022			1,548,806
	2023			1,548,806
	2024			1,308,640
	2025			1,024,805
	Total estimated amortization expense		$	6,983,276