Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.10.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 6,289,903 $ 6,469,858
Accounts receivable 10,082 116,489
Gaming accounts receivable 1,021,052 1,163,831
Prepaid expenses 124,712 87,692
Related Party Receivable 49,914
Other current assets 55,700 12,543
Total Current Assets 7,551,363 7,850,413
Noncurrent Assets    
Restricted cash 1,560,539 587,905
Property, plant and equipment 354,799 280,111
Intangible assets 12,583,457 3,245,748
Goodwill 262,552 260,318
Investment in non-consolidated entities 275,000 1
Total Noncurrent Assets 15,036,347 4,374,083
Total Assets 22,587,710 12,224,496
Current Liabilities    
Line of credit - bank 750,000 177,060
Accounts payable and accrued liabilities 4,603,608 1,606,560
Gaming accounts balances 1,049,423 1,274,856
Taxes payable 1,056,430 1,555,371
Advances from stockholders 39,237 547,809
Liability in connection with acquisition 142,245
Debentures, net of discount 3,942,523 1,148,107
Derivative liability 222,915
Promissory notes payable - other 100,749
Promissory notes payable- related party 318,078 318,078
Bank loan payable - current portion 120,920 121,208
Total Current Liabilities 11,880,219 7,214,958
Bank loan payable 225,131 362,808
Other long term liabilities 608,728 532,680
Total Liabilities 12,714,078 8,110,446
Stockholders' Deficiency    
Preferred Stock, $0.0001 par value, 20,000,000 shares authorized, 0 shares issued and 0 shares outstanding as of June 30, 2018 and December 31, 2017
Common Stock, $0.0001 par value, 80,000,000 shares authorized; 75,540,298 and 74,143,590 shares issued and outstanding as of December 31, 2018 and 2017 7,555 7,415
Additional - paid in capital 23,956,309 14,254,582
Accumulated other comprehensive income (1,081,338) (250,327)
Accumulated deficit (13,008,894) (9,897,620)
Total Stockholders' Equity 9,873,632 4,114,050
Total Liabilities and Stockholders' Equity $ 22,587,710 $ 12,224,496