Business Acquisitions (Tables)

6 Months Ended

Dec. 31, 2020

AHG Entertainment, LLC [Member]

Schedule of Preliminary Purchase Price Allocation of Acquisition

The preliminary purchase price and purchase price allocation as of the acquisition completion date follows:

Purchase price:
Cash	$	1,250,000
Value of common stock issued		3,802,500
Value of warrant issued		5,488,171
Total purchase price consideration	$	10,540,671
Allocation of the purchase price:
Current assets	$	833,769
Long-term assets		1,385,274
Player relationships		2,460,798
Betting platform software		2,698,968
Tradenames		839,189
Gaming licenses		144,000
Goodwill		6,358,592
Less:
Current liabilities assumed		(3,721,573	)
Non-current liabilities assumed		(458,346	)
Total allocation of purchase price consideration	$	10,540,671

Schedule of Unaudited Pro Forma Operating Results

The following table provides unaudited pro forma results for the three months ended December 31, 2019, as if the Argyll Purchase Agreement consummated on July 1, 2019. The pro forma results of operations for these three months ended were prepared for comparative purposes only and do not purport to be indicative of what would have occurred had the Argyll Purchase Agreement been made as of July 1, 2019 or results that may occur in the future.

Net revenue	$	2,944,522
Net loss	$	(4,089,348	)
Net loss per common share, basic and diluted	$	(0.62	)

The following table provides unaudited pro forma results for the six months ended December 31, 2020 and 2019, as if the Argyll Purchase Agreement consummated on July 1, 2019. The pro forma results of operations for these six month periods ended were prepared for comparative purposes only and do not purport to be indicative of what would have occurred had the Argyll Purchase Agreement been made as of July 1, 2019 or results that may occur in the future.

	Pro Forma (Unaudited) for the six months ended December 31,
	2020			2019
Net revenue	$	2,725,840		$	5,889,043
Net loss	$	(9,985,552	)	$	(7,303,115	)
Net loss per common share, basic and diluted	$	(0.76	)	$	(1.12	)

Flip Sports Limited [Member]

Schedule of Preliminary Purchase Price Allocation of Acquisition

The preliminary purchase price allocation of $1,100,000 as of the acquisition completion date of September 3, 2020 is as follows:

Purchase price:
Cash	$	100,000
Value of common stock issued		500,000
Value of contingent consideration		500,000
Total purchase price consideration	$	1,100,000
Allocation of the purchase price:
Rewards platform software	$	550,000
Goodwill		550,000
Total allocation of purchase price consideration	$	1,100,000