Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Details)

v3.23.3
Segment Reporting (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Segment Reporting Information [Line Items]        
Revenue     $ 30,575,558 $ 32,175,015
Betting platform and services revenue $ 443,803 $ 679,202 1,657,820 2,022,002
Intercompany Service revenue    
Operating expenses        
Intercompany service expense    
Selling expenses 6,724,275 6,874,581 26,158,349 24,029,532
General and administrative expenses     13,498,145 15,589,410
Restructuring and Severance expenses 1,205,689
Depreciation and amortization     1,043,432  
Total operating expenses 11,397,329 12,683,349 40,699,926 40,824,631
Income (Loss) from operations (2,932,738) (3,092,055) (8,466,548) (8,649,616)
Other income (expense)        
Interest expense, net (162,474) (9,104) (273,701) (22,641)
Amortization of debt discount (142,381) (215,651)
Other income 9,994 21,931 13,521 90,783
Other expense (45,528) (7,017) (56,539)
Change in fair value of contingent purchase consideration 482,059 1,397,833
Gain on marketable securities (49,250) (19,999) 43,250
Total other income (expense) (294,861) (564,010) (502,847) (1,342,980)
Income (Loss) before Income Taxes (3,227,599) (3,656,065) (8,969,395) (9,992,596)
Income tax provision 4,240 (167,574) 67,199 (200,518)
Net Loss from continuing operations (3,223,359) (3,823,639) (8,902,196) (10,193,114)
Discontinued operations        
Operating losses (34,690) (198,335)
Loss on rescission (42,201) (42,201)
Net Income (Loss) (3,300,250) (3,823,639) (9,142,732) (10,193,114)
Change in fair value of contingent purchase consideration $ (482,059) (1,397,833)
All other        
Segment Reporting Information [Line Items]        
Revenue    
Betting platform and services revenue      
Intercompany Service revenue    
Operating expenses        
Intercompany service expense     424,340
Selling expenses    
General and administrative expenses     4,155,140 5,477,888
Restructuring and Severance expenses       1,205,689
Depreciation and amortization     19,130  
Total operating expenses     4,598,610 6,683,577
Income (Loss) from operations     (4,598,610) (6,683,577)
Other income (expense)        
Interest expense, net     (219,022)
Amortization of debt discount     (215,651)  
Other income    
Other expense     (2,075)
Change in fair value of contingent purchase consideration      
Gain on marketable securities     (19,999) 43,250
Total other income (expense)     (456,747) 43,250
Income (Loss) before Income Taxes     (5,055,357) (6,640,327)
Income tax provision    
Net Loss from continuing operations     (5,055,357)  
Discontinued operations        
Operating losses      
Loss on rescission      
Net Income (Loss)     (5,055,357) (6,640,327)
Change in fair value of contingent purchase consideration      
Betting platform software and services        
Segment Reporting Information [Line Items]        
Revenue     1,766,391
Betting platform and services revenue     1,657,820  
Intercompany Service revenue     1,732,034 1,517,807
Operating expenses        
Intercompany service expense     74,584
Selling expenses     194,758 132,718
General and administrative expenses     4,507,051 5,724,166
Restructuring and Severance expenses      
Depreciation and amortization     830,209  
Total operating expenses     5,532,018 5,931,468
Income (Loss) from operations     (2,142,164) (2,647,270)
Other income (expense)        
Interest expense, net     (49,895) (21,572)
Amortization of debt discount      
Other income     1,294 2
Other expense     (2,544) (8,580)
Change in fair value of contingent purchase consideration       1,397,833
Gain on marketable securities    
Total other income (expense)     (51,145) (1,427,983)
Income (Loss) before Income Taxes     (2,193,309) (4,075,253)
Income tax provision     67,199 236,524
Net Loss from continuing operations     (2,126,110)  
Discontinued operations        
Operating losses     (198,335)  
Loss on rescission     (42,201)  
Net Income (Loss)     (2,366,646) (3,838,729)
Change in fair value of contingent purchase consideration       (1,397,833)
Intersubsegment Eliminations [Member]        
Segment Reporting Information [Line Items]        
Revenue    
Betting platform and services revenue      
Intercompany Service revenue     (2,156,374) (1,592,391)
Operating expenses        
Intercompany service expense     (2,156,374) (1,592,391)
Selling expenses    
General and administrative expenses    
Restructuring and Severance expenses      
Depreciation and amortization      
Total operating expenses     (2,156,374) (1,592,391)
Income (Loss) from operations    
Other income (expense)        
Interest expense, net    
Amortization of debt discount      
Other income    
Other expense    
Change in fair value of contingent purchase consideration      
Gain on marketable securities    
Total other income (expense)    
Income (Loss) before Income Taxes    
Income tax provision    
Net Loss from continuing operations      
Discontinued operations        
Operating losses      
Loss on rescission      
Net Income (Loss)    
Change in fair value of contingent purchase consideration      
Betting establishments        
Segment Reporting Information [Line Items]        
Revenue     30,575,558 30,408,624
Betting platform and services revenue      
Intercompany Service revenue     424,340 74,584
Operating expenses        
Intercompany service expense     1,732,034 1,517,807
Selling expenses     25,963,591 23,896,814
General and administrative expenses     4,835,954 4,387,356
Restructuring and Severance expenses      
Depreciation and amortization     194,093  
Total operating expenses     32,725,672 29,801,977
Income (Loss) from operations     (1,725,774) 681,231
Other income (expense)        
Interest expense, net     (4,784) (1,069)
Amortization of debt discount      
Other income     12,227 90,781
Other expense     (2,398) (47,959)
Change in fair value of contingent purchase consideration      
Gain on marketable securities    
Total other income (expense)     5,045 41,753
Income (Loss) before Income Taxes     (1,720,729) 722,984
Income tax provision     (437,042)
Net Loss from continuing operations     (1,720,729)  
Discontinued operations        
Operating losses      
Loss on rescission      
Net Income (Loss)     $ (1,720,729) 285,942
Change in fair value of contingent purchase consideration