XML 97 R15.htm IDEA: XBRL DOCUMENT
v3.25.1

Intangible assets, net | 12 Months Ended
--- | ---
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible assets, net | Note 8. Intangible assets, net Gross carrying values and accumulated amortization of intangible assets: Schedule of Finite Lived Intangible Assets Amortization Expenses
|  | December 31, 2024 |  | December 31, 2023
|  | Useful Life |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net |
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | 6 years |  | $ | 1,352,200 |  |  | $ | (1,318,033 | ) |  | $ | 34,167 |  |  | $ | 1,350,000 |  |  | $ | (1,006,389 | ) |  | $ | 343,611 |
Trade name |  | 6 years |  |  | 2,577,000 |  |  |  | (2,314,769 | ) |  |  | 262,231 |  |  |  | 2,550,000 |  |  |  | (1,555,925 | ) |  |  | 994,075 |
Technology |  | 6 years |  |  | 3,254,800 |  |  |  | (2,737,567 | ) |  |  | 517,233 |  |  |  | 3,050,000 |  |  |  | (2,257,205 | ) |  |  | 792,795 |
Software agreements |  | 6 years |  |  | 14,450,000 |  |  |  | (11,545,000 | ) |  |  | 2,905,000 |  |  |  | 14,450,000 |  |  |  | (8,791,944 | ) |  |  | 5,658,056 |
Gaming license |  | 6 years |  |  | 4,020,000 |  |  |  | (2,345,000 | ) |  |  | 1,675,000 |  |  |  | 4,020,000 |  |  |  | (1,675,000 | ) |  |  | 2,345,000 |
Internally developed software |  | 2 - 10 years |  |  | 3,316,923 |  |  |  | (1,450,754 | ) |  |  | 2,342,969 |  |  |  | 2,904,473 |  |  |  | (737,053 | ) |  |  | 2,167,420 |
Domain name |  | 15 years |  |  | 6,935,000 |  |  |  | (2,016,417 | ) |  |  | 4,832,565 |  |  |  | 6,935,000 |  |  |  | (1,554,083 | ) |  |  | 5,380,917 |
|  |  |  | $ | 35,905,923 |  |  | $ | (23,727,540 | ) |  | $ | 12,569,165 |  |  | $ | 35,259,473 |  |  | $ | (17,577,599 | ) |  | $ | 17,681,874 |
Amortization expense with respect to intangible assets for the year ended December 31, 2024 and 2023 totaled $5,011,329 and $5,550,882, respectively, which is included in depreciation and amortization in the Statements of Operations. The Company determined that there was an impairment of long-lived assets of $412,450 during the year ended December 31, 2022, which relates to a project no longer being pursued by the Company. In connection with the annual review of goodwill and intangibles, the Company determined that it was necessary to write down goodwill by $5,650,000 for TinBu and $1,060,200 for Global Gaming. The total impairment charges related to goodwill were $6,710,200 for the year ended December 31, 2023. It was also determined that there was impairment of certain intangible assets related to Global Gaming. As a result, the Company recorded impairment charges of $488,300 to trade names and trademarks and $311,500 to technology acquired from Global Gaming. The total impairment charges to intangible assets for the year ended December 31, 2023 were $799,800. Similarly, the company performed an impairment analysis for the three months ended September 30, 2024 and as a result of that analysis it was determined that impairment charges were necessary. Impairments of goodwill for $1.6 million against TinBu’s goodwill and $1.9 million against Global Gaming’s goodwill were recorded and $817,000 against intangibles of Global Gaming was recorded. This consisted of impairments against Trade Names & Technology in the amount of $547,000, Technology in the amount of $119,000, and Customer Relationships in the amount of $150,000. There were no other impairments identified or recorded for the year ended December 31, 2024. Estimated amortization expense for years of useful life remaining is as follows: double check future amortization. Schedule of Estimated Amortization Expense
Years ending December 31, |  | Amount |
2025 |  | $ | 4,471,467 |
2026 |  |  | 2,396,467 |
2027 |  |  | 1,280,623 |
2028 |  |  | 712,208 |
2029 |  |  | 643,941 |
Thereafter |  |  | 3,064,460 |
Total |  | $ | 12,569,165 |
The Company had software development costs of $476,850 related to projects not placed in service as of both December 31, 2024 and December 31, 2023, which is included in intangible assets in the Company’s consolidated balance sheets. Amortization will be calculated using the straight-line method over the appropriate estimated useful life when the assets are put into service.

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 -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration