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SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT REPORTING INFORMATION

Segment information available with respect to these reportable business segments was as follows:

 

   2023  2022
  

For the Year Ended December 31,

   2023  2022
Revenues:      
Gaming  $6,619,502   $9,144,639 
Esports   290,172    1,179,920 
Total Revenues  $6,909,674   $10,324,559 
           
Cost of Revenues:          
Gaming  $3,245,740   $4,080,724 
Esports   374,755    879,593 
Total Cost of Revenues  $3,620,495   $4,960,317 
           
 Gross Profit (Loss):          
Gaming  $3,373,762   $5,063,915 
Esports   (84,583)   300,327 
Total Gross Profit  $3,289,179   $5,364,242 
           
Loss From Operations:          
Gaming  $(18,859,126)  $(34,402,894)
Esports   (549,979)   (623,510)
Total Loss From Operations  $(19,409,105)  $(35,026,404)
           
Depreciation and Amortization:          
Gaming  $349,236   $385,426 
Esports   49,465    34,711 
Total Depreciation and Amortization  $398,701   $420,137 
           
Interest Expense, net:          
Gaming  $(772,989)  $(1,148,204)
Esports   -    -  
Total Interest Expense, net  $(772,989)  $(1,148,204)
           
Other Expense (Income), net:          
Gaming  $5,858,338   $(652,338)
Esports   571    (13,508)
Total Other Expense (Income), net:  $5,858,909   $(665,846)
           
Net Loss:          
Gaming  $(13,773,777)  $(36,203,435)
Esports   (549,408)   (637,019)
Total Net Loss  $(14,323,185)  $(36,840,454)

 

  

December 31, 2023

   December 31, 2022 
Total Assets:          
Gaming  $7,892,388   $16,315,359 
Esports   1,866,316    2,582,433 
Total Assets  $9,758,704   $18,897,792