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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash $ 4,697,832 $ 12,094,950
Restricted cash 1,789,259 1,054,030
Accounts receivable, net 12,954,496 21,330,847
Government remittances 121,617 119,721
Promissory note receivable, current 176,647 379,405
Prepaid expenses and other current assets 884,038 1,493,619
Total current assets 20,623,889 36,472,572
Investment 2,199,909 2,199,909
Promissory note receivable 8,754,585 9,212,785
Property and equipment, net 119,989 303,950
Goodwill 5,557,551 12,704,979
Intangible assets, net 5,231,027 15,265,736
Right-of-use assets 1,600,843 2,570,516
Total assets 44,087,793 78,730,447
Liabilities and Shareholders’ Equity    
Accounts payable 26,129,652 27,349,372
Accrued expenses and other current liabilities 11,174,343 13,694,179
Players liability account 47,535 47,535
Deferred revenue 2,473,552 2,726,121
Current portion of operating lease liability 425,461 748,916
Line of credit 3,228,001 3,501,457
Promissory note payable, current 2,871,076
Convertible debt carried at fair value 1,669,330 6,481,704
Warrant liability 27,164 14,314
Arbitration reserve 210,008 199,374
Total current liabilities 48,256,122 54,762,972
Convertible debt carried at fair value 9,908,784
Operating lease liability 1,374,054 2,054,443
Total liabilities 49,630,176 66,726,199
Commitments and contingencies (Note 14)
Preferred stock ($0.001 par value, 50,000,000 authorized, zero shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively)
Common stock and Additional paid-in capital ($0.001 par value, 100,000,000 shares authorized, 39,123,968 and 32,635,995 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively) 125,396,697 119,441,634
Accumulated other comprehensive loss (594,074) (208,617)
Non-controlling interest 14,942,287
Accumulated deficit (130,345,006) (122,171,056)
Total shareholders’ equity (5,542,383) 12,004,248
Total liabilities and shareholders’ equity $ 44,087,793 $ 78,730,447