Quarterly report pursuant to Section 13 or 15(d)

8. Intangible Assets (Tables)

v3.23.1
8. Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
                                 
   

March 31,

2023

  December 31, 2022
    Cost   Accumulated amortization   Net book value   Net book value
Betting platform software   $ 9,144,884     $ (1,980,887 )   $ 7,163,997     $ 6,776,486  
Licenses     974,984       (965,034 )     9,950       11,864  
Location contracts     1,000,000       (1,000,000 )                  
Customer relationships     3,395,927       (1,188,179 )     2,207,748       2,323,905  
Trademarks     1,537,426       (311,609 )     1,225,817       1,263,269  
Non-compete agreements     764,167       (764,167 )                  
Websites     40,000       (40,000 )              —    
    $ 16,857,388     $ (6,249,876 )   $ 10,607,512     $ 10,375,524  
Intangible Assets - Amortization Expense
Amortization Expense   Amount
  Remainder of 2023     $ 941,514  
  2024       1,250,821  
  2025       1,247,075  
  2026       1,247,075  
  2027       1,239,075  
  Total estimated amortization expense     $ 5,925,560