Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 3,183,550 $ 2,230,422
Accounts receivable 89,120 16,919
Gaming account receivable 987,196 535,408
Prepaid expenses 113,049 91,577
Other current assets 5,731 8,705
Total Current Assets 4,378,646 2,883,031
Noncurrent Assets    
Restricted cash 578,840 475,916
Property, plant and equipment 277,624 203,660
Intangible assets 3,358,242 3,690,978
Goodwill 260,318 260,318
Investment in non-consolidated entities 1 6,508
Total Noncurrent Assets 4,475,025 4,637,380
Total Assets 8,853,671 7,520,411
Current Liabilities    
Line of credit - bank 337,287 726
Accounts payable and accrued liabilities 1,259,279 1,006,739
Gaming account balances 870,545 710,562
Taxes payable 803,621 525,361
Advances from stockholders 647,184 557,549
Liability in connection with acquisition 140,052 125,375
Debenture, net of discount 977,185 616,517
Derivative liability 183,987 211,262
Promissory notes payable - other 120,195 111,285
Promissory notes payable- related party 318,078 318,078
Bank loan payable - current portion 118,006 102,140
Total Current Liabilities 5,775,419 4,285,594
Bank loan payable 387,553 426,610
Other long term liabilities 492,399 315,579
Total Liabilities 6,655,371 5,027,783
Stockholders' Deficiency    
Common Stock, $0.0001 par value, 80,000,000 shares authorized; 37,009,295 shares issued and outstanding at September 30, 2017 and December 31, 2016 respectively 3,701 3,701
Additional - paid in capital 14,225,116 14,169,062
Accumulated other comprehensive income (409,965) (416,631)
Accumulated deficit (11,620,552) (11,263,504)
Total Stockholders' Equity 2,198,300 2,492,628
Total Liabilities and Stockholders' Equity $ 8,853,671 $ 7,520,411