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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash $ 13,895,483 $ 2,945,373
Restricted cash 647,615 47,465
Accounts receivable, net 27,217,541 16,459,684
Government remittances 1,274,994 1,665,597
Contingent consideration, current 293,445 207,673
Promissory note receivable, current 378,878
Prepaid expenses and other current assets 2,737,688 916,740
Total current assets 46,445,644 22,242,532
Investment 2,673,472 2,673,472
Contingent consideration, non-current 293,445
Promissory note receivable 8,753,884
Property and equipment, net 618,272 2,464,633
Goodwill 22,783,315 16,303,989
Intangible assets, net 22,272,577 18,574,144
Right-of-use assets 1,981,105 2,159,693
Total assets 105,528,269 64,711,908
Liabilities and Shareholders’ Equity    
Accounts payable 31,411,550 23,493,472
Accrued expenses and other current liabilities 13,844,503 5,289,149
Players liability account 47,535 47,465
Deferred revenue 2,244,965 1,930,028
Current portion of operating lease liability 375,155 367,487
Line of credit 5,284,771 4,518,571
Warrant liability 46,547 102,284
Arbitration reserve 289,999 428,624
Total current liabilities 53,545,025 36,177,080
Convertible debt carried at fair value 7,840,442 8,176,928
Operating lease liability 1,807,344 1,994,961
Total liabilities 63,192,811 46,348,969
Commitments and contingencies (Note 14)
Preferred stock (no par value, unlimited shares authorized, zero shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively)
Common stock (no par value, unlimited shares authorized, 30,990,847 and 12,989,128 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively)
Additional paid-in capital 117,388,594 91,915,169
Accumulated other comprehensive loss (118,898) (132,081)
Non-controlling interest 15,360,410
Accumulated deficit (90,294,648) (73,420,149)
Total shareholders’ equity 42,335,458 18,362,939
Total liabilities and shareholders’ equity $ 105,528,269 $ 64,711,908