| Intangible Assets |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
September 30, 2022
|
|
December 31, 2021 |
| |
|
Cost |
|
Accumulated amortization |
|
Net book value |
|
Net book value |
| Betting platform software |
|
$ |
6,149,537 |
|
|
$ |
(1,711,119 |
) |
|
$ |
4,438,418 |
|
|
$ |
4,745,895 |
|
| Licenses |
|
|
959,804 |
|
|
|
(948,171 |
) |
|
|
11,633 |
|
|
|
3,413 |
|
| Location contracts |
|
|
1,000,000 |
|
|
|
(1,000,000 |
) |
|
|
— |
|
|
|
— |
|
| Customer relationships |
|
|
8,145,927 |
|
|
|
(955,865 |
) |
|
|
7,190,062 |
|
|
|
7,538,533 |
|
| Trademarks |
|
|
1,536,586 |
|
|
|
(236,342 |
) |
|
|
1,300,244 |
|
|
|
1,413,887 |
|
| Non-compete agreements |
|
|
2,096,000 |
|
|
|
(633,167 |
) |
|
|
1,462,833 |
|
|
|
1,855,833 |
|
| Websites |
|
|
40,000 |
|
|
|
(40,000 |
) |
|
|
— |
|
|
|
— |
|
| |
|
$ |
19,927,854 |
|
|
$ |
(5,524,664 |
) |
|
$ |
14,403,190 |
|
|
$ |
15,557,561 |
|
|
| Intangible Assets - Amortization Expense |
| Amortization Expense |
|
Amount |
| |
|
|
| |
Remainder of 2022 |
|
|
$ |
390,245 |
|
| |
2023 |
|
|
|
1,555,010 |
|
| |
2024 |
|
|
|
1,551,154 |
|
| |
2025 |
|
|
|
1,308,599 |
|
| |
2026 |
|
|
|
1,024,767 |
|
| |
Total estimated amortization expense |
|
|
$ |
5,829,775 |
|
|