CUSTOMER DEPOSITS

9 Months Ended

Oct. 31, 2021

CUSTOMER DEPOSITS

NOTE 7 - CUSTOMER DEPOSITS

NOTE 7 – CUSTOMER DEPOSITS

The Company has two sources of customer deposits.

1.

One source of deposits is from the Company’s customers participating in the Progressive Jackpot Games. The clients will be required to provide the Company with a minimum deposit amount of $5,000, which will serve as a deposit for the Progressive Contribution Fee. During the tenure of the client’s operation, the deposit will not be used to deduct or offset any invoices, and when the client decides not to operate, the deposit will be fully refunded to the client. As of October 31, 2021 and January 31, 2021, customer deposits amounted to $32,886 and $5,000, respectively.

2.

The other source of deposits is the payment from customers in advance of any usages of gaming content. As the gaming content is utilized by the customers, revenues are recognized. As of October 31, 2021 and January 31, 2021, a total of $35,749 and $144,640 of customer deposits are from this source.