Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Details)

v3.23.1
Segment Reporting (Details) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Segment Reporting Information [Line Items]    
Revenue $ 11,854,690 $ 12,235,986
Betting platform and services revenue 577,456 655,661
Intercompany Service revenue
Total revenue 12,432,146 12,235,986
Operating expenses    
Intercompany service expense
Selling expenses 9,868,154 9,286,232
General and administrative expenses 4,447,747 4,570,426
Depreciation and amortization 347,323 438,958
Total operating expenses 14,663,224 14,295,616
Income (Loss) from operations (2,231,078) (2,059,630)
Other income (expense)    
Interest expense, net (35,936) (3,859)
Amortization of debt discount (17,560)
Other income 8,846 39,749
Other expense (9,028) (1,070)
Gain on marketable securities (19,000) 77,500
Total other income (expense) (72,678) (337,693)
Income (Loss) before Income Taxes (2,303,756) (2,397,323)
Income tax provision 10,395 (156,893)
Net Income (Loss) (2,293,361) (2,554,216)
Change in fair value of contingent purchase consideration (450,013)
All other    
Segment Reporting Information [Line Items]    
Revenue
Betting platform and services revenue  
Intercompany Service revenue
Total revenue
Operating expenses    
Intercompany service expense
Selling expenses
General and administrative expenses 1,480,469 1,651,060
Depreciation and amortization 6,378 1,804
Total operating expenses 1,486,847 1,652,864
Income (Loss) from operations (1,486,847) (1,652,864)
Other income (expense)    
Interest expense, net (17,000)
Amortization of debt discount (17,560)  
Other income
Other expense (1,344)
Gain on marketable securities (19,000) 77,500
Total other income (expense) (54,904) 77,500
Income (Loss) before Income Taxes (1,541,751) (1,575,364)
Income tax provision
Net Income (Loss) (1,541,751) (1,575,364)
Change in fair value of contingent purchase consideration  
Betting platform software and services    
Segment Reporting Information [Line Items]    
Revenue 484,720
Betting platform and services revenue 577,456  
Intercompany Service revenue 795,066 555,693
Total revenue 1,372,522 1,040,412
Operating expenses    
Intercompany service expense 26,831 56,127
Selling expenses 41,914 33,055
General and administrative expenses 1,312,375 1,507,128
Depreciation and amortization 282,624 387,701
Total operating expenses 1,663,744 1,984,011
Income (Loss) from operations (291,222) (943,599)
Other income (expense)    
Interest expense, net (18,694) (2,647)
Amortization of debt discount  
Other income 1,523
Other expense (7,663) (1,070)
Gain on marketable securities
Total other income (expense) (24,834) (453,730)
Income (Loss) before Income Taxes (316,056) (1,397,329)
Income tax provision 10,395 72,641
Net Income (Loss) (305,661) (1,324,688)
Change in fair value of contingent purchase consideration   (450,013)
Intersubsegment Eliminations [Member]    
Segment Reporting Information [Line Items]    
Revenue
Betting platform and services revenue  
Intercompany Service revenue (821,897) (611,820)
Total revenue (821,897) (611,820)
Operating expenses    
Intercompany service expense (821,897) (611,820)
Selling expenses
General and administrative expenses
Depreciation and amortization
Total operating expenses (821,897) (611,820)
Income (Loss) from operations
Other income (expense)    
Interest expense, net
Amortization of debt discount  
Other income
Other expense
Gain on marketable securities
Total other income (expense)
Income (Loss) before Income Taxes  
Income tax provision
Net Income (Loss)
Change in fair value of contingent purchase consideration  
Betting establishments    
Segment Reporting Information [Line Items]    
Revenue 11,854,690 11,751,266
Betting platform and services revenue  
Intercompany Service revenue 26,831 56,127
Total revenue 11,881,521 11,807,394
Operating expenses    
Intercompany service expense 795,066 555,693
Selling expenses 9,826,240 9,253,177
General and administrative expenses 1,654,903 1,412,238
Depreciation and amortization 58,321 49,453
Total operating expenses 12,334,530 11,270,561
Income (Loss) from operations (453,009) 536,833
Other income (expense)    
Interest expense, net (242) (1,212)
Amortization of debt discount  
Other income 7,323 39,749
Other expense (21)
Gain on marketable securities
Total other income (expense) 7,060 38,537
Income (Loss) before Income Taxes (445,949) 575,370
Income tax provision (229,534)
Net Income (Loss) $ (445,949) 345,836
Change in fair value of contingent purchase consideration