| Intangible Assets |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
June 30, 2022
|
|
December 31, 2021 |
| |
|
Cost |
|
Accumulated amortization |
|
Net book value |
|
Net book value |
| Betting platform software |
|
$ |
6,149,537 |
|
|
$ |
(1,608,626 |
) |
|
$ |
4,540,911 |
|
|
$ |
4,745,895 |
|
| Licenses |
|
|
957,420 |
|
|
|
(955,065 |
) |
|
|
2,355 |
|
|
|
3,413 |
|
| Location contracts |
|
|
1,000,000 |
|
|
|
(1,000,000 |
) |
|
|
— |
|
|
|
— |
|
| Customer relationships |
|
|
8,145,927 |
|
|
|
(839,708 |
) |
|
|
7,306,219 |
|
|
|
7,538,533 |
|
| Trademarks |
|
|
1,537,111 |
|
|
|
(198,938 |
) |
|
|
1,338,173 |
|
|
|
1,413,887 |
|
| Non-compete agreements |
|
|
2,096,000 |
|
|
|
(502,167 |
) |
|
|
1,593,833 |
|
|
|
1,855,833 |
|
| Websites |
|
|
40,000 |
|
|
|
(40,000 |
) |
|
|
— |
|
|
|
— |
|
| |
|
$ |
19,925,995 |
|
|
$ |
(5,144,504 |
) |
|
$ |
14,781,491 |
|
|
$ |
15,557,561 |
|
|
| Intangible Assets - Amortization Expense |
| Amortization Expense |
|
Amount |
| |
|
|
|
|
| Remainder of 2022 |
|
$ |
776,030 |
|
| 2023 |
|
|
1,549,490 |
|
| 2024 |
|
|
1,548,777 |
|
| 2025 |
|
|
1,308,610 |
|
| 2026 |
|
|
1,024,778 |
|
| Total estimated amortization expense |
|
$ |
6,207,685 |
|
|