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ACCOUNTS PAYABLE RELATED PARTY | 9 Months Ended
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Sep. 30, 2022
ACCOUNTS PAYABLE RELATED PARTY |
ACCOUNTS PAYABLE RELATED PARTY | NOTE 12 – ACCOUNTS PAYABLE — RELATED PARTY Accounts payable to related party represents payables in the ordinary course of business primarily for purchases of game distribution licenses and also the royalties due to Suzhou Snail. As of September 30, 2022 and December 31, 2021, the Company had $22,330,781 and $23,733,572, respectively, as accounts payable due to Suzhou Snail. For the three months ended September 30, 2022 and 2021, the Company incurred $94,836 and $200,239, respectively as license costs due to Suzhou Snail. During the nine months ended September 30, 2022 and 2021, the Company incurred $316,869 and $592,262, respectively as license costs due to Suzhou Snail. During the nine months ended September 30, 2022, there was $1,719,660 paid to Suzhou Snail for royalties. There were no such payments made during the nine months ended September 30, 2021.

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