XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.23.1

INTANGIBLE ASSETS | 3 Months Ended
--- | ---
Mar. 31, 2023
INTANGIBLE ASSETS |
INTANGIBLE ASSETS | NOTE 11 – INTANGIBLE ASSETS Intangible assets consist of game licenses, game software underlying intellectual property rights, game trademarks and other branding items. The Company amortizes the intangible assets over its useful life. The following tables reflect all the intangible assets presented on the condensed consolidated balance sheets as of March 31, 2023 and December 31, 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2023
​ |  | Gross |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | Weighted
​ | ​ | Carrying | ​ | Accumulated | ​ | Impairment | ​ | Net Book | ​ | Average
​ | ​ | Amount | ​ | Amortization | ​ | Loss | ​ | Value | ​ | Useful Life
License rights from related parties | ​ | $ | 136,665,000 | ​ | $ | (135,976,594) | ​ | $ | — | ​ | $ | 688,406 |  | 3 - 5 years
License rights | ​ | $ | 3,000,000 | ​ | $ | (3,000,000) | ​ | $ | — | ​ | $ | — |  | 5 years
Intangible assets - other: | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |  |  |
Software | ​ | $ | 51,784 | ​ | $ | (51,784) | ​ | $ | — | ​ | $ | — |  | 3 years
Trademark | ​ |  | 10,745 | ​ |  | (9,311) | ​ |  | — | ​ |  | 1,434 |  | 12 years
In-progress patent | ​ |  | 270,886 | ​ |  | — | ​ |  | — | ​ |  | 270,886 |  |
Total: | ​ | $ | 333,415 | ​ | $ | (61,095) | ​ | $ | — | ​ | $ | 272,320 |  |
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2022
​ |  | Gross |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | Weighted
​ | ​ | Carrying | ​ | Accumulated | ​ | Impairment | ​ | Net Book | ​ | Average
​ | ​ | Amount | ​ | Amortization | ​ | Loss | ​ | Value | ​ | Useful Life
License rights from related parties | ​ | $ | 136,665,000 | ​ | $ | (135,280,942) | ​ | $ | — | ​ | $ | 1,384,058 |  | 3 - 5 years
License rights | ​ | $ | 3,000,000 | ​ | $ | (3,000,000) | ​ | $ | — | ​ | $ | — |  | 5 years
Intangible assets - other: | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  |  |  |
Software | ​ | $ | 51,784 | ​ | $ | (51,784) | ​ | $ | — | ​ | $ | — |  | 3 years
Trademark | ​ |  | 10,745 | ​ |  | (9,110) | ​ |  | — | ​ |  | 1,635 |  | 12 years
In-progress patent | ​ |  | 270,886 | ​ |  | — | ​ |  | — | ​ |  | 270,886 |  |
Total: | ​ | $ | 333,415 | ​ | $ | (60,894) | ​ | $ | — | ​ | $ | 272,521 |  |
​ Amortization expense was $695,853 and $2,001,203 for the three months ended March 31, 2023 and 2022, respectively. These amounts are included in cost of revenues in the accompanying condensed consolidated statements of operations and comprehensive income (loss). The weighted average remaining useful life for which amortization expense will be recognized is 0.8 years as of March 31, 2023. Future amortization expense of intangible assets is as follows: ​
​ | ​ | ​ | ​
Years ending December 31, |  | Amount
Remainder of 2023 | ​ | $ | 689,009
2024 | ​ |  | 804
2025 | ​ |  | 27
2026 | ​ |  | —
2027 | ​ |  | —
Thereafter | ​ |  | 270,886
​ | ​ | $ | 960,726
​

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration