Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 2,551,000 $ 3,400,166
Accounts receivable 735,725 731,962
Gaming accounts receivable 1,841,921 1,431,497
Prepaid expenses 2,637,882 900,205
Related party receivable 22,511 22,511
Other current assets 379,781 338,871
Total Current Assets 8,168,820 6,825,212
Non - Current Assets    
Restricted cash 364,701
Property and equipment 975,211 610,852
Right of use assets 1,471,190 1,498,703
Intangible assets 10,069,843 10,375,524
Goodwill 1,662,016 1,662,278
Marketable securities 19,999
Total Non - Current Assets 14,178,260 14,532,057
Total Assets 22,347,080 21,357,269
Current Liabilities    
Accounts payable and accrued liabilities 8,917,952 6,790,523
Gaming accounts payable 3,492,128 2,213,532
Taxes payable 61,187 179,720
Related party payable 46,916 422,129
Promissory notes payable - related parties 411,939 752,000
Operating lease liability 381,439 369,043
Financial lease liability 1,895 6,831
Bank loan payable - current portion 2,987 3,151
Total Current Liabilities 13,316,443 10,736,929
Non-Current Liabilities    
Deferred tax liability 1,391,102 1,696,638
Operating lease liability 1,059,970 1,157,979
Financial lease liability 1,244 2,288
Bank loan payable 152,643 148,169
Convertible notes payable, net of discount of  $169,003 209,347
Convertible notes payable – related parties, net of discount of  $2,039,673 2,936,049
Other long-term liabilities 577,725 464,851
Total Non – Current Liabilities 6,328,080 3,469,925
Total Liabilities 19,644,523 14,206,854
Stockholders' Equity    
Common stock, $0.0001 par value, 80,000,000 shares authorized; 35,794,381 and 30,360,810 shares issued and outstanding as of September 30, 2023 and December 31, 2022 3,579 3,036
Additional paid-in capital 78,952,510 74,249,244
Accumulated other comprehensive loss (609,554) (600,619)
Accumulated deficit (75,643,978) (66,501,246)
Total Stockholders' Equity 2,702,557 7,150,415
Total Liabilities and Stockholders’ Equity $ 22,347,080 $ 21,357,269