Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 3,241,109 $ 3,400,166
Accounts receivable 729,639 731,962
Gaming accounts receivable 1,468,167 1,431,497
Prepaid expenses 918,704 900,205
Related party receivable 22,511 22,511
Other current assets 675,574 338,871
Total Current Assets 7,055,704 6,825,212
Non - Current Assets    
Restricted cash 369,463 364,701
Property and equipment 1,102,201 610,852
Right of use assets 1,741,917 1,498,703
Intangible assets 10,607,512 10,375,524
Goodwill 3,416,422 1,662,278
Marketable securities 999 19,999
Total Non - Current Assets 17,238,514 14,532,057
Total Assets 24,294,218 21,357,269
Current Liabilities    
Accounts payable and accrued liabilities 8,327,200 6,790,523
Gaming accounts payable 2,352,782 2,213,532
Taxes payable 227,412 179,720
Related party payable 146,936 422,129
Promissory notes payable - related parties 769,523 752,000
Operating lease liability 403,462 369,043
Financial lease liability 5,588 6,831
Bank loan payable - current portion 3,097 3,151
Total Current Liabilities 12,236,000 10,736,929
Non-Current Liabilities    
Deferred tax liability 1,471,039 1,696,638
Operating lease liability 1,289,698 1,157,979
Financial lease liability 1,624 2,288
Bank loan payable 149,646 148,169
Convertible notes payable, net of discount of $192,856 164,145
Convertible notes payable – related parties, net of discount of $275,507 234,493
Other long-term liabilities 679,715 464,851
Total Non – Current Liabilities 3,990,360 3,469,925
Total Liabilities 16,226,360 14,206,854
Stockholders' Equity    
Common stock, $0.0001 par value, 80,000,000 shares authorized; 38,812,842 and 30,360,810 shares issued and outstanding as of March 31, 2023 and December 31, 2022 3,881 3,036
Additional paid-in capital 77,371,556 74,249,244
Accumulated other comprehensive (loss) income (512,972) (600,619)
Accumulated deficit (68,794,607) (66,501,246)
Total Stockholders' Equity 8,067,858 7,150,415
Total Liabilities and Stockholders’ Equity $ 24,294,218 $ 21,357,269