| Intangible Assets |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
June 30,
2023
|
|
December 31, 2022 |
| |
|
Cost |
|
Accumulated amortization |
|
Net book value |
|
Net book value |
| Betting platform software |
|
$ |
9,144,884 |
|
|
$ |
(2,102,124 |
) |
|
$ |
7,042,760 |
|
|
$ |
6,776,486 |
|
| Licenses |
|
|
975,520 |
|
|
|
(967,605 |
) |
|
|
7,915 |
|
|
|
11,864 |
|
| Location contracts |
|
|
1,000,000 |
|
|
|
(1,000,000 |
) |
|
|
— |
|
|
|
— |
|
| Customer relationships |
|
|
3,395,927 |
|
|
|
(1,304,336 |
) |
|
|
2,091,591 |
|
|
|
2,323,905 |
|
| Trademarks |
|
|
1,537,461 |
|
|
|
(349,158 |
) |
|
|
1,188,303 |
|
|
|
1,263,269 |
|
| Non-compete agreements |
|
|
764,167 |
|
|
|
(764,167 |
) |
|
|
— |
|
|
|
— |
|
| Websites |
|
|
56,707 |
|
|
|
(40,000 |
) |
|
|
16,707 |
|
|
|
— |
|
| |
|
$ |
16,874,666 |
|
|
$ |
(6,527,390 |
) |
|
$ |
10,347,276 |
|
|
$ |
10,375,524 |
|
|
| Intangible Assets - Amortization Expense |
| Amortization Expense |
|
|
| |
|
|
|
|
Amount |
|
| |
Remainder of 2023 |
|
|
$ |
640,961 |
|
| |
2024 |
|
|
|
1,266,092 |
|
| |
2025 |
|
|
|
1,266,092 |
|
| |
2026 |
|
|
|
1,266,092 |
|
| |
2027 |
|
|
|
1,266,092 |
|
| |
Total estimated amortization expense |
|
|
$ |
5,705,329 |
|
|