Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.23.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 2,547,136 $ 3,400,166
Accounts receivable 723,517 731,962
Gaming accounts receivable 1,370,095 1,431,497
Prepaid expenses 1,042,356 900,205
Related party receivable 22,511 22,511
Other current assets 413,128 338,871
Total Current Assets 6,118,743 6,825,212
Non - Current Assets    
Restricted cash 364,701
Property and equipment 1,078,702 610,852
Right of use assets 1,676,329 1,498,703
Intangible assets 10,347,276 10,375,524
Goodwill 3,416,337 1,662,278
Marketable securities 19,999
Total Non - Current Assets 16,518,644 14,532,057
Total Assets 22,637,387 21,357,269
Current Liabilities    
Accounts payable and accrued liabilities 7,492,698 6,790,523
Gaming accounts payable 2,166,345 2,213,532
Taxes payable 302,114 179,720
Related party payable 573,706 422,129
Promissory notes payable - related parties 787,551 752,000
Operating lease liability 423,402 369,043
Financial lease liability 3,815 6,831
Bank loan payable - current portion 3,042 3,151
Total Current Liabilities 11,752,673 10,736,929
Non-Current Liabilities    
Deferred tax liability 1,431,071 1,696,638
Operating lease liability 1,213,364 1,157,979
Financial lease liability 1,373 2,288
Bank loan payable 151,138 148,169
Convertible notes payable, net of discount of $181,351   186,266
Convertible notes payable – related parties, net of discount of $893,926 1,160,241
Other long-term liabilities 756,807 464,851
Total Non – Current Liabilities 4,900,260 3,469,925
Total Liabilities 16,652,933 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 June 30, 2023 and December 31, 2022 3,881 3,036
Additional paid-in capital 78,831,744 74,249,244
Accumulated other comprehensive (loss) income (507,443) (600,619)
Accumulated deficit (72,343,728) (66,501,246)
Total Stockholders' Equity 5,984,454 7,150,415
Total Liabilities and Stockholders’ Equity $ 22,637,387 $ 21,357,269