Annual report pursuant to Section 13 and 15(d)

7. Intangible Assets (Tables)

v3.22.1
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