XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash $ 7,173,871 $ 2,945,373
Restricted cash 647,610 47,465
Accounts receivable, net 25,844,156 16,459,684
Government remittances 1,347,305 1,665,597
Contingent consideration, current 207,673 207,673
Prepaid expenses and other current assets 2,995,649 916,740
Total current assets 38,216,264 22,242,532
Investment 2,673,472 2,673,472
Contingent consideration, non-current 293,445 293,445
Promissory note receivable 7,125,628
Property and equipment, net 795,560 2,464,633
Goodwill 22,789,949 16,303,989
Intangible assets, net 27,898,454 18,574,144
Right-of-use assets 2,071,328 2,159,693
Total assets 101,864,100 64,711,908
Liabilities and Shareholders’ Equity    
Accounts payable 30,238,124 23,493,472
Accrued expenses and other current liabilities 13,561,775 5,289,149
Players liability account 47,545 47,465
Deferred revenue 4,193,032 1,930,028
Current portion of operating lease liability 375,155 367,487
Line of credit 4,232,425 4,518,571
Warrant liability 62,818 102,284
Arbitration reserve 333,499 428,624
Total current liabilities 53,044,373 36,177,080
Convertible debt carried at fair value 8,394,207 8,176,928
Operating lease liability 1,898,247 1,994,961
Total liabilities 63,336,827 46,348,969
Commitments and contingencies (Note 14)
Preferred stock (no par value, unlimited shares authorized, zero shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively)
Common stock (no par value, unlimited shares authorized, 30,316,256 and 12,989,128 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively)
Additional paid-in capital 116,786,455 91,915,169
Accumulated other comprehensive loss 421,915 (132,081)
Accumulated deficit (78,681,097) (73,420,149)
Total shareholders’ equity 38,527,273 18,362,939
Total liabilities and shareholders’ equity $ 101,864,100 $ 64,711,908