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Acquisition of GameIQ (Tables)
 3 Months Ended
Mar. 31, 2022
Business Acquisition [Line Items]  
Schedule of Fair Value of Assets Acquired and Liabilities Assumed

The following is a provisional allocation of the purchase price. The following table summarizes the assets acquired, liabilities assumed and provisional purchase price allocation:

 

   Fair Value 
     
Consideration paid:     
Notes payable  $140,914 
Government assistance note payable and accrued interest (EIDL)   15,400 
Common stock (600,000 shares of common stock at $0.50 per share)   300,000 
Total consideration paid  $456,314 
      
Provisional Purchase price allocation     
Acquired assets (cash)  $12,805 
Goodwill   146,361 
Intangible assets   297,148 
Total purchase price  $456,314 
Schedule of Finite-Lived Intangible Assets

 

   Assigned Life  March 31, 2022 
Intangible Assets        
Customer relationships  24 months  $141,935 
Intellectual property  24 months   155,213 
Intangible assets, gross      297,148 
Accumulated amortization      (18,480)
Total Intangible Assets, net of amortization     $278,668 
Schedule of Future Amortization Expense

 

Year Ending  Amortization 
2022 (remaining)  $105,332 
2023   139,574 
2024   33,762 
Total  $278,668 
Schedule of Pro Forma Statements of Operations

The following unaudited pro forma statements of operations present the Company’s pro forma results of operations after giving effect to the purchase of GameIQ based on the historical financial statements of the Company and GameIQ. The unaudited pro forma statements of operations for the three months ended March 31, 2022 and 2021 give effect to the transaction as if they had occurred on January 1, 2021.

 

   2022   2021 
  

Three Month Ended

March 31,

 
   2022   2021 
   (Proforma,
unaudited)		   (Proforma,
unaudited)		 
Revenues  $764,351   $816,179 
           
Operating expenses          
Direct cost of revenues   101,462    114,408 
Selling, general and administrative expenses   1,454,061    2,326,994 
Amortization of intangible assets   37,069    229,069 
Total operating expenses   1,592,592    2,670,471 
           
Loss from operations   (828,241)   (1,854,292)
           
Other income          
Other income   1,067,941    619,081 
Total Other income   1,067,941    619,081 
           
Net income (loss)  $239,700   $(1,235,211)
Game iQ acquisition corp inc [Member]  
Business Acquisition [Line Items]  
Schedule of Provisions of Operations Subsequent Acquisitions

Pursuant to the provisions of ASC 805, the following results of operations of GameIQ subsequent to the acquisitions are as follows:

  

   March 1, 2022 to
March 31, 2022		 
Revenues  $3,410 
Direct cost of revenues   393 
Selling, general and administrative expense   4,172 
Net loss  $(1,155)