Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Details)

v3.22.2.2
Segment Reporting (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Segment Reporting Information [Line Items]          
Revenue     $ 22,583,721 $ 25,847,277  
Intercompany Service revenue      
Operating expenses          
Intercompany service expense      
Selling expenses $ 7,868,719 $ 9,616,584 17,154,951 20,278,399  
General and administrative expenses 4,771,258 4,754,944 9,780,642 8,900,154  
Restructuring and severance expenses 1,205,689 1,205,689  
(Loss) Income from operations (3,497,931) (2,681,579) (5,557,561) (3,331,276)  
Other income (expense)          
Interest expense, net of interest income (9,678) (2,194) (13,537) (10,043)  
Amortization of debt discount (12,833)  
Other income 29,103 89,018 68,852 370,362  
Change in Fair value of contingent purchase consideration (465,761) (915,774) $ 11,857,558
Other expense (9,941) (1,208) (11,011) (28,138)  
Loss on marketable securities 15,000 (287,500) 92,500 (92,500)  
Total other income (expense) (441,277) (201,884) (778,970) 226,848  
(Loss) Income before Income Taxes (3,939,208) (2,883,463) (6,336,531) (3,104,428)  
Income tax provision 123,949 112,113 (32,944) (276,501)  
Net Loss (3,815,259) (2,771,350) (6,369,475) (3,380,929)  
  $ 10,347,735 $ 11,689,949 22,583,721 25,847,277  
All other          
Segment Reporting Information [Line Items]          
Revenue      
Intercompany Service revenue      
Operating expenses          
Intercompany service expense      
Selling expenses      
General and administrative expenses     2,896,015 2,887,082  
Restructuring and severance expenses     1,205,689    
(Loss) Income from operations     (4,101,704) (2,887,082)  
Other income (expense)          
Interest expense, net of interest income     (5,154)  
Amortization of debt discount       (12,833)  
Other income     8,017  
Change in Fair value of contingent purchase consideration        
Other expense      
Loss on marketable securities     92,500 (92,500)  
Total other income (expense)     92,500 (102,470)  
(Loss) Income before Income Taxes     (4,009,204) (2,989,552)  
Income tax provision      
Net Loss     (4,009,204) (2,989,552)  
         
Betting platform software and services          
Segment Reporting Information [Line Items]          
Revenue     1,085,591 189,434  
Intercompany Service revenue     1,090,245 2,608,669  
Operating expenses          
Intercompany service expense     76,591 207,118  
Selling expenses     163,146 9,190  
General and administrative expenses     3,943,324 2,505,973  
Restructuring and severance expenses        
(Loss) Income from operations     (2,007,225) 75,822  
Other income (expense)          
Interest expense, net of interest income     (12,462)    
Interest expense, net of interest income       1  
Amortization of debt discount      
Other income     2,379 1,029  
Change in Fair value of contingent purchase consideration     (915,774)    
Other expense     (11,004) (4,019)  
Loss on marketable securities      
Total other income (expense)     (936,681) (2,989)  
(Loss) Income before Income Taxes     (2,944,086) 72,833  
Income tax provision     159,077 (83,623)  
Net Loss     (2,785,009) (10,790)  
        2,798,103  
Intersubsegment Eliminations [Member]          
Segment Reporting Information [Line Items]          
Revenue      
Intercompany Service revenue     (1,166,836) (2,815,787)  
Operating expenses          
Intercompany service expense     (1,166,836) (2,815,787)  
Selling expenses      
General and administrative expenses      
Restructuring and severance expenses        
(Loss) Income from operations      
Other income (expense)          
Interest expense, net of interest income      
Interest expense, net of interest income      
Amortization of debt discount      
Other income      
Change in Fair value of contingent purchase consideration        
Other expense      
Loss on marketable securities      
Total other income (expense)      
(Loss) Income before Income Taxes      
Income tax provision      
Net Loss      
        (2,815,787)  
Betting establishments          
Segment Reporting Information [Line Items]          
Revenue     21,498,130 25,657,843  
Intercompany Service revenue     76,591 207,118  
Operating expenses          
Intercompany service expense     1,090,245 2,608,669  
Selling expenses     16,991,805 20,269,209  
General and administrative expenses     2,941,303 3,507,099  
Restructuring and severance expenses        
(Loss) Income from operations     551,368 (520,016)  
Other income (expense)          
Interest expense, net of interest income     (1,075) (4,890)  
Amortization of debt discount      
Other income     66,473 361,316  
Change in Fair value of contingent purchase consideration        
Other expense     (7) (24,119)  
Loss on marketable securities      
Total other income (expense)     65,391 332,307  
(Loss) Income before Income Taxes     616,759 (187,709)  
Income tax provision     (192,021) (192,878)  
Net Loss     $ 424,738 (380,587)  
        $ 25,864,961