Acquisition of subsidiaries (Details) - USD ($) |
6 Months Ended | |
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Jul. 05, 2021 |
Dec. 31, 2021 |
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Business Combination and Asset Acquisition [Abstract] | ||
Cash | $ 6,000,000 | |
Stock Issued During Period, Value, Acquisitions | 4,544,304 | |
Contingent purchase consideration | 24,716,957 | $ 24,716,957 |
Total purchase consideration | 35,261,261 | |
Recognized amounts of identifiable assets acquired and liabilities assumed | ||
Cash | 26,161 | |
Other current assets | 151,284 | |
Property and equipment | 788 | |
Other non-current assets | 4,000 | |
Tradenames/Trademarks | 1,419,000 | |
Customer relationships | 7,275,000 | |
Non-compete agreements | 2,096,000 | |
10,972,233 | ||
Current liabilities assumed | (264,135) | |
Non-current liabilities assumed | (205,320) | |
Imputed Deferred taxation on identifiable intangible acquired | 2,265,900 | |
Net identifiable assets acquired and liabilities assumed | 8,236,878 | |
Goodwill | $ 27,024,383 |
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- Definition Contigent Purchase Consideration No definition available.
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- Definition Less Imputed Deferred Taxation On Identifiable Intangible Acquired Betting Platform No definition available.
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- Definition Amount of direct costs of the business combination including legal, accounting, and other costs incurred to consummate the business acquisition. No definition available.
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- Definition The amount of goodwill arising from a business combination that is expected to be deductible for tax purposes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of assets acquired at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities due within one year or within the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of financial assets (as defined) recognized as of the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of liabilities due after one year or the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of other assets expected to be realized or consumed after one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of property, plant, and equipment recognized as of the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount recognized for assets, including goodwill, in excess of (less than) the aggregate liabilities assumed. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Gross carrying amount before accumulated amortization as of the balance sheet date to an asset acquired in a business combination representing a favorable existing relationship with customers having a finite beneficial life. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Gross carrying amount before accumulated amortization as of the balance sheet date of payments made to third parties in exchange for their agreement not to engage in specified competitive practices in specified geographic territories for a specified period of time. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount (original costs adjusted for previously recognized amortization and impairment) as of the balance sheet date for the rights acquired through registration of a trademark to gain or protect exclusive use of a business name, symbol or other device or style for a projected indefinite period of benefit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Value of stock issued pursuant to acquisitions during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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