XML 42 R24.htm IDEA: XBRL DOCUMENT v3.22.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash within the consolidated balance sheets that sum to the total of the same on the consolidated statement of cash flows (in thousands):

 

   December 31, 2021   December 31, 2020 
Cash and cash equivalents  $374,294   $134,942 
Restricted cash   5,112    1,279 
Total cash, cash equivalents and restricted cash  $379,406   $136,221 
Schedule of Intangible Assets Estimated Useful Life

The Company’s intangible assets represent definite lived intangible assets, which are being amortized on a straight-line basis over their estimated useful lives as follows:

 

Customer relationships   2 years 
Tradenames   2-9 years 
Software and technology   3-9 years 
Gaming licenses and market access fees   2-5 years 
Schedule of Calculation of Basic and Diluted Net Loss Per Share

The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):

  

   2021   2020   2019 
   Years Ended December 31,
   2021   2020   2019 
Basic loss per share:               
Net loss  $(382,963)  $(599,392)  $(38,127)
Less: net loss attributable to non-controlling interest   126    29,059    3,767 
Less: deemed dividend - beneficial conversion feature on preferred stock   -    -    (9)
Less: deemed dividend on Series D Preferred Stock   -    (171)   (589)
Net loss attributable to common stockholders  $(382,837)  $(570,504)  $(34,958)
                
Shares used in computation:               
Weighted-average common shares outstanding   137,498,077    44,492,975    22,286,060 
Basic and diluted loss per share  $(2.78)  $(12.82)  $(1.57)
Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive:

 

   December 31, 
   2021   2020   2019 
Warrants to purchase common stock   565,544    2,535,528    200,007 
Series AA convertible preferred shares   -    46,439,226    - 
Series D convertible preferred shares   -    -    461,839 
Stock options   15,908,187    20,908,862    16,667 
Unvested restricted stock units   4,685,800    -    - 
Convertible notes variable settlement feature   6,966,078    -    190,096 
Total   28,125,609    69,883,616    868,609