XML 42 R28.htm IDEA: XBRL DOCUMENT v3.22.1
Summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Consolidation, Wholly Owned and Less than Wholly Owned Subsidiary, Parent Ownership Interest

The financial statements include the accounts of the Company’s subsidiaries:

 

Company  Registered  % Owned 
Shoal Media (Canada) Inc.  British Columbia, Canada   100%
Coral Reef Marketing Inc.  Anguilla   100%
Kidoz Ltd.  Israel   100%
Rooplay Media Ltd.  British Columbia, Canada   100%
Rooplay Media Kenya Limited  Kenya   100%
Shoal Media Inc.  Anguilla   100%
Shoal Games (UK) Plc  United Kingdom   99%
Shoal Media (UK) Ltd.  United Kingdom   100%
Schedule of Property, Plant and Equipment, Useful Life

 

Equipment and computers 3 years
Furniture and fixtures 5 years
Schedule of Share-based Payment Award, Stock Option

 

   2021  2020
Expected dividend yield   -    - 
Volatility   107.06%   123%
Risk-free interest rate   0.52%   0.32%
Expected life of options   5 years    5 years 
Forfeiture rate   5%   5%
Schedule of Finite-Lived Intangible Assets, Amortization Period

The Company identified the following intangible assets in the acquisition of Kidoz Ltd. Intangible assets are recorded at cost less accumulated amortization. Amortization is provided for annually on the straight-line method over the following periods:

 

    Amortization period
Ad Tech technology   5 years
Kidoz OS technology   3 years
Customer relationships   8 years
Schedule of Earnings Per Share, Basic and Diluted

The earnings per share data for the year ended December 31, 2021 and 2020 are summarized as follows:

 

   2021  2020
(Loss) Income for the year  $(190,321)  $103,971 
           
Basic and diluted weighted average number of common shares outstanding   131,340,989    131,124,989 
           
Basic and diluted (loss) income per common share outstanding  $(0.00)  $0.00