Segment Information (Tables)

6 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Information

A measure of segment assets and liabilities has not been currently provided to the Company’s CODM and therefore is not shown below. The following tables present the Company’s segment information:

	For the three months ended December 31,						For the six months ended December 31,
	2022			2021			2022				2021
EEG iGaming segment	$	5,538,486		$	12,439,696		$	14,133,832		$	27,102,284
EEG Games segment	$	870,919		$	2,091,351		$	1,880,837		$	3,837,054
Total	$	6,409,405		$	14,531,047		$	16,014,669		$	30,939,338
Adjusted EBITDA
EEG iGaming segment	$	(1,150,938	)	$	(2,909,585	)	$	(1,612,133	)	$	(3,853,812	)
EEG Games segment	$	(561,742	)	$	(845,807	)	$	(1,108,538	)	$	(1,722,315	)
Other(1)	$	(1,744,816	)	$	(3,009,435	)	$	(3,959,264	)	$	(5,505,577	)
Total Adjusted EBITDA	$	(3,457,496	)	$	(6,764,827	)	$	(6,679,935	)	$	(11,081,704	)
Adjusted for:
Interest expense	$	(971,374	)	$	(2,412,716	)	$	(2,029,782	)	$	(4,757,912	)
Loss on conversion of senior convertible note	$	-		$	(5,999,662	)	$	-		$	(5,999,662	)
Loss on extinguishment of senior convertible note	$	-		$	(28,478,804	)				$	(28,478,804	)
Change in fair value of derivative liability	$	8,324,802		$	(1,482,621	)	$	8,599,666		$	(1,482,621	)
Change in fair value of warrant liability	$	2,571,732		$	8,651,922		$	5,022,288		$	20,460,522
Change in fair value of contingent consideration	$	(3,044,019	)	$	1,851,446		$	(2,864,551	)	$	1,851,446
Other non-operating income (loss), net	$	486,386		$	58,770		$	532,836		$	(1,352,415	)
Depreciation and amortization	$	(1,887,729	)	$	(3,199,225	)	$	(3,750,447	)	$	(6,429,961	)
Right of use asset amortization	$	(19,984	)	$	(140,889	)	$	(38,427	)	$	(252,505	)
Asset impairment charges	$	(16,135,000	)	$	-		$	(16,135,000	)	$	-
Stock-based Compensation	$	-		$	(1,729,401	)	$	(921,991	)	$	(2,611,773	)
Cost of acquisition	$	-		$	(192,483	)		(35,930	)	$	(255,482	)
Income tax benefit (expense)	$	-		$	5,503,861		$	-		$	5,503,861
Net loss	$	(14,132,682	)	$	(34,334,629	)	$	(18,301,273	)	$	(34,887,010	)

(1)	Other comprises of corporate and overhead costs.
(2)	The Company has no intersegment revenues or costs and thus no eliminations required.
(3)	The Company defines Adjusted EBITDA as earnings (loss) before, as applicable to the particular period, interest expense; income taxes; depreciation and amortization, including right of use asset amortization; stock-based compensation; cost of acquisition; asset impairment charges; loss on extinguishment of senior convertible note; loss on conversion of senior convertible note; change in fair value of derivative liability; change in fair value of warrant liability; change in fair value of contingent consideration; and other non-operating income (loss), net, and certain other non-recurring, non-cash or non-core items (included in table above).