Annual report pursuant to Section 13 and 15(d)

Segment Reporting (Details)

v3.22.1
Segment Reporting (Details) - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Segment Reporting Information [Line Items]    
Net Gaming Revenue $ 44,508,078 $ 37,121,603
Betting platform and other services revenue 1,038,713 144,764
Intercompany Service revenue
Operating expenses    
Intercompany service expense
Selling expenses 36,274,752 26,109,221
General and administrative expenses 18,817,959 13,789,391
Impairment of license 17,350,628 4,900,000
Loss from operations (26,896,548) (7,532,245)
Other (expense) income    
Interest expense, net (20,985) (328,663)
Amortization of debt discount (12,833) (818,182)
Change in fair value of contingent purchase consideration 11,857,558
Other income 227,788 165,375
Other expense (49,967) (86,933)
Loss on extinguishment of convertible debt (719,390)
Gain on marketable securities (460,000) 290,000
Total other (expenses) income 11,541,561 (1,497,793)
Loss before Income Taxes (15,354,987) (9,030,038)
Income tax provision 290,476 (906,644)
Net Loss (15,064,511) (9,936,682)
All other    
Segment Reporting Information [Line Items]    
Net Gaming Revenue
Betting platform and other services revenue
Intercompany Service revenue
Operating expenses    
Intercompany service expense
Selling expenses
General and administrative expenses 6,334,987 4,963,966
Impairment of license
Loss from operations (6,334,987) (4,963,966)
Other (expense) income    
Interest expense, net (5,154) (322,100)
Amortization of debt discount (12,833) (818,182)
Change in fair value of contingent purchase consideration  
Other income 7,977
Other expense
Loss on extinguishment of convertible debt   (719,390)
Gain on marketable securities (460,000) 290,000
Total other (expenses) income (470,010) (1,569,672)
Loss before Income Taxes (6,804,997) (6,533,638)
Income tax provision (162,112)
Net Loss (6,804,997) (6,695,750)
Betting platform software and services    
Segment Reporting Information [Line Items]    
Net Gaming Revenue
Betting platform and other services revenue 886,163 144,764
Intercompany Service revenue 4,211,774 3,604,523
Operating expenses    
Intercompany service expense 321,775 84,172
Selling expenses 47,208 2,032
General and administrative expenses 5,848,437 3,906,439
Impairment of license 12,522,714
Loss from operations (13,642,197) (243,356)
Other (expense) income    
Interest expense, net (4,662) (71)
Amortization of debt discount
Change in fair value of contingent purchase consideration 11,857,558  
Other income 2,560 3,903
Other expense (26,262) (58,176)
Loss on extinguishment of convertible debt  
Gain on marketable securities
Total other (expenses) income 11,829,194 (54,344)
Loss before Income Taxes (1,813,003) (297,700)
Income tax provision 170,586 52,459
Net Loss (1,642,417) (245,241)
Adjustments    
Segment Reporting Information [Line Items]    
Net Gaming Revenue
Betting platform and other services revenue
Intercompany Service revenue (4,533,549) (3,688,695)
Operating expenses    
Intercompany service expense (4,533,549) (3,688,695)
Selling expenses
General and administrative expenses
Impairment of license
Loss from operations
Other (expense) income    
Interest expense, net
Amortization of debt discount
Change in fair value of contingent purchase consideration  
Other income
Other expense
Loss on extinguishment of convertible debt  
Gain on marketable securities
Total other (expenses) income
Loss before Income Taxes
Income tax provision
Net Loss
Betting establishments    
Segment Reporting Information [Line Items]    
Net Gaming Revenue 44,508,078 37,121,603
Betting platform and other services revenue 152,550
Intercompany Service revenue 321,775 84,172
Operating expenses    
Intercompany service expense 4,211,774 3,604,523
Selling expenses 36,227,544 26,107,189
General and administrative expenses 6,634,535 4,918,986
Impairment of license 4,827,914 4,900,000
Loss from operations (6,919,364) (2,324,923)
Other (expense) income    
Interest expense, net (11,169) (6,492)
Amortization of debt discount
Change in fair value of contingent purchase consideration  
Other income 217,251 161,472
Other expense (23,705) (28,757)
Loss on extinguishment of convertible debt  
Gain on marketable securities
Total other (expenses) income 182,377 126,223
Loss before Income Taxes (6,736,987) (2,198,700)
Income tax provision 119,890 (796,991)
Net Loss $ (6,617,097) $ (2,995,691)