Elys BMG (ELYS) 10-Q/A 6 Nov 20 2019 Q3 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 14, 2019
Document And Entity Information
Entity Registrant Name	Newgioco Group, Inc.
Entity Central Index Key	0001080319
Document Type	10-Q/A
Document Period End Date	Sep. 30, 2019
Amendment Flag	true
Current Fiscal Year End Date	--12-31
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Business	false
Entity Interactive Data	Yes
Entity Common Stock, Shares Outstanding		10,723,298
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Amendment	Restatement

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 4,910,994	$ 6,289,903
Accounts receivable	104,731	10,082
Gaming accounts receivable	1,446,058	1,021,052
Prepaid expenses	197,953	124,712
Related Party Receivable	849	49,914
Other current assets	182,864	55,700
Total Current Assets	6,843,449	7,551,363
Non-current Assets
Restricted cash	1,404,978	1,560,539
Property, plant and equipment	474,153	476,047
Right-of-use assets	699,250
Intangible assets	16,027,072	12,527,980
Goodwill	1,663,435	262,552
Other assets	10,907
Investment in non-consolidated entities	375,000	275,000
Total Noncurrent Assets	20,654,795	15,102,118
Total Assets	27,498,244	22,653,481
Current Liabilities
Line of credit - bank	1,000,000	750,000
Accounts payable and accrued liabilities	4,112,253	4,603,608
Gaming accounts balances	2,578,116	1,049,423
Taxes payable	645,591	1,056,430
Advances from stockholders	8,019	39,237
Convertible Debenture, net of discount of $1,755,287 and $4,587,228, respectively	6,376,410	3,942,523
Notes payable, net of discount of $120,853 and $0	1,397,815
Notes payable- related party, net of discount of $80,569 and $0, respectively	984,811	318,078
Bank loan payable - current portion	119,195	120,920
Operating lease - liability	47,068
Financial lease liability	3,002
Total Current Liabilities	17,272,280	11,880,219
Non-current liabilities
Deferred tax liability	1,339,314
Notes payable, net of discount of $54,216	244,728
Notes payable- related party	163,152
Bank loan payable	124,670	225,131
Operating lease liability	621,695
Financial lease liability	36,843
Other long term liabilities	204,100	608,728
Total Non-current liabilities	2,734,502	833,859
Total Liabilities	20,006,782	12,714,078
Stockholders' Deficiency
Preferred Stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and 0 shares outstanding as of June 30, 2018 and December 31, 2017
Common Stock, $0.0001 par value, 80,000,000 shares authorized; 84,116,877 and 75,540,298 shares issued and outstanding as of September 30, 2019 and December 31, 2018	1,052	944
Additional - paid in capital	27,502,860	23,962,920
Accumulated other comprehensive income	(383,869)	(57,431)
Accumulated deficit	(19,628,581)	(13,967,030)
Total Stockholders' Equity	7,491,462	9,939,403
Total Liabilities and Stockholders' Equity	$ 27,498,244	$ 22,653,481

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical)	Sep. 30, 2019USD ($)$ / sharesshares
STOCKHOLDERS' EQUITY
Preferred Stock - par value | $ / shares	$ 0.0001
Preferred stock - authorized	5,000,000
Preferred stock - issued
Preferred stock - outstanding
Common Stock - par value | $ / shares	$ 0.0001
Common Stock - authorized	80,000,000
Common Stock - issued	10,514,610
Common Stock - outstanding	10,514,610
Convertible Debentures [Member]
Debt Discount | $	$ 1,755,287
Note Payable - Current [Member]
Debt Discount | $	120,853
Note Payable [Member]
Debt Discount | $	27,506
Note Payable Related Party - Current [Member]
Debt Discount | $	80,569
Note Payable Related Party [Member]
Debt Discount | $	$ 18,338

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Revenue	$ 6,755,845	$ 7,823,286	$ 25,127,494	$ 25,239,812
Costs and expenses
Selling expenses	2,898,287	5,314,436	16,574,766	17,218,036
General and administrative expenses	3,430,997	3,043,363	9,988,736	7,450,482
Total Costs and Expenses	6,329,284	8,357,799	26,563,502	24,668,518
(Loss) Income from Operations	426,561	(534,513)	(1,436,008)	571,294
Other (Expenses) Income
Other income	32,864		40,589
Interest expense, net of interest income	(1,093,259)	(329,618)	(3,614,614)	(1,592,127)
Imputed interest on related party advances				(761)
Gain on litigation settlement				(516,120)
Loss on debt modification				(212,270)
Loss on settlement of liabilities			(35,943)
Gain (Loss) on marketable securities	125,000	(2,500)	100,000	(157,500)
Total Other (Expenses) Income	(935,395)	(332,118)	(3,509,968)	(1,446,538)
(Loss) Income Before Income Taxes	(508,834)	(866,631)	(4,945,976)	(875,244)
Income taxes provision	(260,545)	(83,356)	(715,575)	(840,798)
Net Loss	(769,379)	(949,987)	(5,661,551)	(1,716,042)
Other Comprehensive Loss
Foreign currency translation adjustment	(265,231)	(329,588)	(326,438)	(168,810)
Comprehensive Loss	$ (1,034,610)	$ (1,279,575)	$ (5,987,989)	$ (1,884,852)
Loss per common share- basic and diluted	$ (0.01)	$ (0.14)	$ (0.60)	$ (0.20)
Weighted average number of common shares outstanding - basic and diluted	10,241,996	9,317,537	9,925,380	9,397,252

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Deficiency) - USD ($)	Common Stock	Additional Paid-In Capital	Accumlulated Other Comprehensive Income	Accumulated Deficit	Total
Beginning Balance, Shares at Dec. 31, 2017	9,267,948
Beginning Balance, Amount at Dec. 31, 2017	$ 927	$ 14,548,951	$ 126,612	$ (10,338,273)	$ 4,338,217
Imputed interest on stock advances		1,251			1,251
Common stock issued with debentures, shares	13,875
Common stock issued with debentures	$ 1	55,499			55,500
Beneficial conversion feature debentures		91,017			1,017
ASU 2017-11 adjustment to common stock issued debentures		(10,853)			(10,853)
ASU2017-11 adjustment to beneficial conversion feature of debentures		(6,780)			(6,780)
ASU 2017-11 Elimination of derivative liability movement				(254,289)	(254,289)
Foreign currency translation adjustment			97,473		97,473
Net income (loss)				622,816	622,816
Ending Balance, Shares at Mar. 31, 2018	9,281,823
Ending Balance, Amount at Mar. 31, 2018	$ 928	14,679,085	224,085	(9,969,746)	4,934,352
Beginning Balance, Shares at Dec. 31, 2017	9,267,948
Beginning Balance, Amount at Dec. 31, 2017	$ 927	14,548,951	126,612	(10,338,273)	4,338,217
Stock based compensation
Ending Balance, Shares at Sep. 30, 2018	9,417,401
Ending Balance, Amount at Sep. 30, 2018	$ 942	23,996,955	(42,198)	(12,054,315)	11,901,384
Beginning Balance, Shares at Mar. 31, 2018	9,281,823
Beginning Balance, Amount at Mar. 31, 2018	$ 928	14,679,085	224,085	(9,969,746)	4,934,352
Common stock issued with debentures, shares	215,028
Common stock issued with debentures	$ 22	1,770,175			1,770,197
Common stock retired on acquisition of Multigioco, shares	(255,000)
Common stock retired on acquisition of Multigioco	$ (26)	(2,260,948)			(2,260,974)
Common stock issued net of stock retired on acquisition of Ulisse, shares	175,550
Common stock issued net of stock retired on acquisition of Ulisse	$ 18	5,587,656			5,587,674
ASU 2017-11 adjustment to common stock issued debentures		(1,232,358)			(1,232,358)
ASU2017-11 adjustment to beneficial conversion feature of debentures		2,501,332			2,501,332
Fair value of warrants issued		2,951,429			2,951,429
Foreign currency translation adjustment			63,305		63,305
Net income (loss)				(1,134,582)	(1,134,582)
Ending Balance, Shares at Jun. 30, 2018	9,417,401
Ending Balance, Amount at Jun. 30, 2018	$ 942	23,996,371	287,390	(11,104,328)	13,180,375
Imputed interest on stock advances		584			584
Foreign currency translation adjustment			(329,588)		(329,588)
Net income (loss)				(949,987)	(949,987)
Ending Balance, Shares at Sep. 30, 2018	9,417,401
Ending Balance, Amount at Sep. 30, 2018	$ 942	23,996,955	(42,198)	(12,054,315)	11,901,384
Beginning Balance, Shares at Dec. 31, 2018	9,442,537
Beginning Balance, Amount at Dec. 31, 2018	$ 944	23,962,920	(57,431)	(13,967,030)	9,939,403
Common stock issued with debentures, shares	287,561
Common stock issued with debentures	$ 29	919,795			979,824
Common stock issued for the purchase of subsidiaries,shares	65,298
Common stock issued for the purchase of subsidiaries	$ 7	196,776			196,783
Foreign currency translation adjustment			(130,230)		(130,230)
Net income (loss)				(3,113,952)	(3,113,952)
Ending Balance, Shares at Mar. 31, 2019	9,795,396
Ending Balance, Amount at Mar. 31, 2019	$ 980	25,079,491	(187,661)	(17,080,982)	7,811,828
Beginning Balance, Shares at Dec. 31, 2018	9,442,537
Beginning Balance, Amount at Dec. 31, 2018	$ 944	23,962,920	(57,431)	(13,967,030)	9,939,403
Stock based compensation					(88,960)
Ending Balance, Shares at Sep. 30, 2019	10,514,610
Ending Balance, Amount at Sep. 30, 2019	$ 1,052	27,502,860	(383,869)	(19,628,581)	7,491,462
Beginning Balance, Shares at Mar. 31, 2019	9,795,396
Beginning Balance, Amount at Mar. 31, 2019	$ 980	25,079,491	(187,661)	(17,080,982)	7,811,828
Common stock issued with debentures, shares	32,785
Common stock issued with debentures	$ 3	104,908			104,911
Common stock issued for the purchase of subsidiaries,shares	90,336
Common stock issued for the purchase of subsidiaries	$ 9	278,527			278,536
Foreign currency translation adjustment			69,023		69,023
Net income (loss)				(1,778,220)	(1,778,220)
Ending Balance, Shares at Jun. 30, 2019	9,918,517
Ending Balance, Amount at Jun. 30, 2019	$ 992	25,462,926	(118,638)	(18,859,202)	6,486,078
Common stock issued with debentures, shares	207,222
Common stock issued with debentures	$ 21	663,088			663,109
Common stock issued for the purchase of subsidiaries,shares	104,151
Common stock issued for the purchase of subsidiaries	$ 10	276,930			276,940
Common stock issued to settle liabilities, shares	284,720
Common stock issued to settle liabilities	$ 29	1,010,956			1,010,985
Stock based compensation		88,960			88,960
Foreign currency translation adjustment			(265,231)		(265,231)
Net income (loss)				(769,379)	(769,379)
Ending Balance, Shares at Sep. 30, 2019	10,514,610
Ending Balance, Amount at Sep. 30, 2019	$ 1,052	$ 27,502,860	$ (383,869)	$ (19,628,581)	$ 7,491,462

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash Flows from Operating Activities
Net loss	$ (5,661,551)	$ (1,716,042)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
Depreciation and amortization	687,407	656,985
Amortization of deferred costs	2,974,439	58,188
Stock based compensation charge	88,960
Non-cash interest	598,656	1,193,434
Loss on debt conversions	45,066
Loss on debt modification		217,140
Unrealized (gain) loss on trading securities	(100,000)	157,500
Imputed interest on advances from stockholders		1,514
Movement in deferred taxation	(62,294)
Recovery of assets		(516,120)
Bad debt expense		6,354
Changes in Operating Assets and Liabilities
Prepaid expenses	(69,957)	(180,651)
Accounts payable and accrued liabilities	643,411	1,776,597
Accounts receivable	(50,218)	98,823
Gaming accounts receivable	(487,330)	(108,033)
Gaming accounts liabilities	1,626,021	(242,907)
Taxes payable	(372,275)	(547,618)
Other current assets	(101,594)	(94,764)
Other assets	(11,239)
Long term liability	(387,523)	72,480
Net Cash (Used in) Provided by Operating Activities	(640,021)	832,880
Cash Flows from Investing Activities
Acquisition of property, plant, and equipment, and intangible assets	(129,864)	(4,690,524)
Acquisition of Virtual Generation, net of cash of $47,268	(216,983)
Net Cash Used in Investing Activities	(346,847)	(4,690,524)
Cash Flows from Financing Activities
Proceeds from bank credit line	250,000	500,000
Repayment of bank credit line		(177,060)
Repayment of bank loan	(88,567)	(93,532)
Proceeds from debentures and convertible notes, net of repayment		6,883,906
Repayment of deferred purchase consideration- non related parties	(107,950)	(190,509)
Repayment of deferred purchase consideration- related parties	(241,850)
Advance of financial leases	6,589
Loan to related party	(11,975)
Purchase of treasury stock		(2,261,307)
Loans advanced to stockholders	14,227
Repayment of loans advanced to stockholders		(406,142)
Net Cash (Used in) Provided by Financing Activities	(179,526)	4,255,356
Effect of change in exchange rate	(368,076)	(78,454)
Net (decrease) increase in cash	(1,534,470)	319,258
Cash, cash equivalents and restricted cash – beginning of the period	7,850,442
Cash, cash equivalents and restricted cash – end of the period	6,315,972	7,377,021
Reconciliation of cash, cash equivalents and restricted cash within the Balance Sheets to the Statement of Cash Flows
Cash and cash equivalents	4,910,994	5,808,689
Restricted cash included in non-current assets	1,404,978	1,568,332
Supplemental disclosure of cash flow information
Cash paid during the period for: Interest	40,448	20,321
Cash paid during the period for: Income tax	1,188,707	1,593,645
Supplemental cash flow disclosure for non-cash activities
Common shares issued for the acquisition of subsidiaries	549,248	5,588,008
Common shares issued on conversion of debentures	768,020	582,486
Common shares issued to related parties for repayment of debt	728,884
Discount due to warrants issued with convertible debt		2,307,569
Discount due to brokers warrants issued with convertible debt		643,860
Discount due to beneficial conversion feature		2,585,569
Reclassification of derivative liabilities to equity and cumulative effect of adoption of ASU2017-11		$ 222,915

Nature of Business

Nature of Business	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	1. Nature of Business Established in the state of Delaware in 1998, Newgioco Group, Inc. (“Newgioco Group” or the “Company”) is an international commercial-stage, vertically integrated company engaged in various aspects of the leisure gaming industry. We own and operate an innovative state-of-the-art betting platform (“Platform”) and are a licensed leisure lottery and gaming operator offering online and offline leisure gaming services, including a variety of lottery and casino gaming products, as well as sports betting products through a distribution network of retail betting locations situated throughout Italy and internationally through various agents in eleven other countries located in Africa and South America. The Company’s subsidiaries include: Multigioco Srl (“Multigioco”), acquired on August 15, 2014, Rifa Srl (“Rifa”), acquired on January 1, 2015, and Ulisse GmbH (“Ulisse”) and Odissea Betriebsinformatik Beratung GmbH (“Odissea”) which were both acquired on July 1, 2016, Virtual Generation Limited (“VG”) and Naos Holding Limited, acquired on January 30, 2019 and a non-operating subsidiary Newgioco Group, Inc. based in Canada. The Company operates in one line of business that provides certified betting Platform software (“Platform”) services to and the operating of leisure betting establishments situated throughout Italy and in 11 other countries and is comprised of 3 geographically organized groups: an Operational Group; Technology Group; and a Corporate Group, organized as follows: a. the Operational Group is based in Europe and maintains administrative and customer service offices headquartered in Rome, Italy with satellite offices for operations administration, and risk management and trading in Naples and Teramo, Italy and Valetta, Malta; b. the Technology Group is based in Innsbruck, Austria and manages software development, training and administration; and c. the Corporate Group is based in North America which includes a head office situated in Toronto, Canada with a satellite office in Boca Raton, Florida through which our CEO and CFO carry-out our corporate duties, handle day-to-day reporting and other operations such as U.S. development and planning, and through which various independent contractors and vendors are engaged.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Accounting Policies and Estimates Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2019. The balance sheet at December 31, 2018 has been derived from the Company’s audited consolidated financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. For further information, please refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2018, as filed with the U.S. Securities and Exchange Commission (“SEC”). All amounts referred to in the Notes to the unaudited condensed consolidated financial statements are in United States Dollars ($) unless stated otherwise. Basis of Consolidation The unaudited condensed consolidated financial statements include the financial statements of the Company and its subsidiaries in which it has at least a majority voting interest. All significant inter-company accounts and transactions have been eliminated in the unaudited condensed consolidated financial statements. The entities included in these unaudited condensed consolidated financial statements are as follows: Company Country of Incorporation Percentage owned % Newgioco Group, Inc. United States – Delaware Parent Newgioco Group, Inc (Canada) Canada 100 Ulisse GmbH Austria 100 Odissea Betriebsinformatik Beratung GMBH Austria 100 Multigioco Srl. Italy 100 Rifa Srl. Italy 100 Virtual Generation Limited Malta 100 Naos Holding Limited Malta 100 Elys Technology Group Limited Malta 100 Currency Translation The Company's subsidiaries operate in Europe with a functional currency of Euro and in Canada with a functional currency of Canadian dollars. In the consolidated financial statements, revenue and expense accounts are translated at the average rates during the period, assets and liabilities are translated at period-end rates and equity accounts are translated at historical rates. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders' equity. Gains and losses from foreign currency transactions are recognized in current operations. Use of Estimates The preparation of the unaudited financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. These estimates and assumptions include valuing equity securities issued in share-based payment arrangements, determining the fair value of assets acquired, allocation of purchase price, impairment of long-lived assets, the collectability of receivables and the value of deferred taxes and related valuation allowances. Certain estimates, including evaluating the collectability of receivables and advances, could be affected by external conditions, including those unique to our industry and general economic conditions. It is possible that these external factors could have an effect on our estimates that could cause actual results to differ from our estimates. We re-evaluate all of our accounting estimates at least quarterly based on these conditions and record adjustments when necessary. Loss Contingencies The Company may be subject to claims, suits, government investigations, and other proceedings involving competition and antitrust, intellectual property, privacy, indirect taxes, labor and employment, commercial disputes, content generated by our users, goods and services offered by advertisers or publishers using our website platforms, and other matters. Certain of these matters include speculative claims for substantial or indeterminate amounts of damages. The Company records a liability when we believe that it is both probable that a loss has been incurred, and the amount can be reasonably estimated. If we determine that a loss is possible, and a range of the loss can be reasonably estimated, we disclose the range of the possible loss in the Notes to the Consolidated Financial Statements. The Company evaluates, on a monthly basis, developments in our legal matters that could affect the amount of liability that has been previously accrued, and the matters and related ranges of possible losses disclosed and make adjustments and changes to our disclosures as appropriate. Significant judgment is required to determine both likelihood of there being and the estimated amount of a loss related to such matters. Until the final resolution of such matters, there may be an exposure to loss in excess of the amount recorded, and such amounts could be material. Should any of our estimates and assumptions change or prove to have been incorrect, it could have a material impact on our business, consolidated financial position, results of operations, or cash flows. To date, none of these types of litigation matters, most of which are typically covered by insurance, has had a material impact on our operations or financial condition. The Company has insured and continue to insure against most of these types of claims. Derivative Financial Instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including convertible debentures and stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income. For option-based simple derivative financial instruments, the Company uses the Black-Scholes option-pricing model to value the derivative instruments at inception and subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period. As a result of the adoption of ASU 2017-11 in the third quarter of 2018, the Company has no derivative financials instruments classified as a liability at September 30, 2019 and December 31, 2018. Business Combinations The Company allocates the fair value of purchase consideration to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require management to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not limited to, future expected cash flows from acquired users, acquired technology, and trade names from a market participant perspective, useful lives and discount rates. Management's estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. Fair Value Measurements ASC Topic 820, Fair Value Measurement and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. This topic also establishes a fair value hierarchy which requires classification based on observable and unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use. The carrying value of the Company's short-term investments, prepaid expenses, accounts receivables, other current assets, accounts payable and accrued liabilities, gaming account balance, and advances from shareholder approximate fair value because of the short-term maturity of these financial instruments. Cash and Cash Equivalents The Company considers all highly liquid debt instruments with maturities of three months or less at the time acquired to be cash equivalents. The Company had no cash equivalents as of September 30, 2019 and December 31, 2018. The Company primarily places cash with high-credit quality financial institutions located in the United States which are insured by the Federal Deposit Insurance Corporation up to a limit of $250,000 per institution, in Canada which are insured by the Canadian Deposit Insurance Corporation up to a limit of CDN$100,000 per institution, in Italy which is insured by the Italian deposit guarantee fund Fondo Interbancario di Tutela dei Depositi (FITD) up to a limit of €100,000 per institution, and in Germany which is a member of the Deposit Protection Fund of the Association of German Banks (Einlagensicherungsfonds des Bundesverbandes deutscher Banken) up to a limit of €100,000 per institution. Gaming Accounts Receivable Gaming accounts receivable represent gaming deposits made by customers to their online gaming accounts either directly by credit card, bank wire, e-wallet or other accepted method through one of our websites or indirectly by cash collected at the cashier of a betting shop but not yet credited to the Company’s bank accounts and subject to normal trade collection terms without discounts. The Company periodically evaluates the collectability of its gaming accounts receivable and considers the need to record or adjust an allowance for doubtful accounts based upon historical collection experience and specific customer information. Actual amounts could vary from the recorded estimates. The Company does not require collateral to support customer receivables. The Company recorded bad debt expense $0 and $0 for the three months ended September 30, 2019 and 2018, respectively, and $0 and $0 for the nine months ended September 30, 2019 and 2018, respectively. All balances previously recorded as allowance for doubtful accounts were written off as uncollectible. Gaming Accounts Payable Gaming accounts payable represent customer balances, including winnings and deposits, that are held as credits in online gaming accounts and have not as of yet been used or withdrawn by the customers. Customers can request payment from the Company at any time and the payment to customers can be made through bank wire, credit card, or cash disbursement from one of our locations. Online gaming account credit balances are non-interest bearing. Long-Lived Assets The Company evaluates the carrying value of our long-lived assets for impairment by comparing the expected undiscounted future cash flows of the assets to the net book value of the assets when events or circumstances indicate that the carrying amount of a long-lived asset may not be recoverable. If the expected undiscounted future cash flows are less than the net book value of the assets, the excess of the net book value over the estimated fair value will be charged to earnings. Fair value is based upon discounted cash flows of the assets at a rate deemed reasonable for the type of asset and prevailing market conditions, appraisals, and, if appropriate, current estimated net sales proceeds from pending offers. Property, Plant and Equipment Property, plant and equipment are stated at acquisition cost less accumulated depreciation and adjustments for impairment losses. Expenditures are capitalized only when they increase the future economic benefits embodied in an item of property, plant and equipment. All other expenditures are recognized as expenses in the statement of income as incurred. Depreciation is charged on a straight-line basis over the estimated remaining useful lives of the individual assets. Amortization commences from the time an asset is put into operation. The range of the estimated useful lives is as follows: Description Useful Life Office equipment 5 Office furniture 8 1/3 Signs and displays 5 Intangible Assets Intangible assets are stated at acquisition cost less accumulated amortization, if applicable, less any adjustments for impairment losses. Amortization is charged on a straight-line basis over the estimated remaining useful lives of the individual intangibles. Where intangibles are deemed to be impaired the Company recognizes an impairment loss measured as the difference between the estimated fair value of the intangible and its book value. The range of the estimated useful lives is as follows: Description Useful Life Betting Platform Software 15 Ulisse Bookmaker License — Multigioco and Rifa ADM Licenses 1.5 - 7 VG Licenses — Location contracts 5 - 7 Customer relationships 10 - 15 Trademarks/names 14 Websites 5 The Ulisse Bookmaker License and the VG Licenses have no expiration date and are therefore not amortized. Goodwill The Company allocates the fair value of purchase consideration to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require management to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not limited to, future expected cash flows from acquired users, acquired technology, and trade names from a market participant perspective, useful lives and discount rates. Management's estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. The Company annually assesses whether the carrying value of its intangible assets exceeds their fair value and, if necessary, records an impairment loss equal to any such excess. Each interim reporting period, the Company assesses whether events or circumstances have occurred which indicate that the carrying amount of an intangible asset exceeds its fair value. If the carrying amount of the intangible asset exceeds its fair value, an asset impairment charge will be recognized in an amount equal to that excess. No asset impairment charges were incurred during the three and nine months ended September 30, 2019 or September 30, 2018. $1,401,608 of goodwill was recorded as part of an acquisition during the nine months ended September 30, 2019. Income Taxes The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740-10-30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented. The Company has elected to include interest and penalties related to uncertain tax positions, if determined, as a component of income tax expense. In Italy, tax years beginning 2015 forward, are open and subject to examination, while in Austria companies are open and subject to inspection for five years and ten years for inspection of serious infractions. In the United States and Canada, tax years beginning 2015 forward, are subject to examination. The Company is not currently under examination and it has not been notified of a pending examination. Revenue Recognition In May 2014, the FASB issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606),” which requires revenue to be recognized when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. The Company adopted ASC Topic 606 on January 1, 2018 and has determined that the standard does not have a material impact on the nature and timing of revenues recognized. The Company recognizes revenue when control of its products and services is transferred to its customers in an amount that reflects the consideration the Company expects to receive from its customers in exchange for those products and services. Revenues from sports-betting, casino, cash and skill games, slots, bingo and horse race wagers represent the gross pay-ins (also referred to as turnover) from customers less gaming taxes and payouts to customers. Revenues are recorded when the game is closed which is representative of the point in time at which the Company has satisfied its performance obligation. In addition, the Company receives commissions from the sale of scratch tickets and other lottery games. Commissions are recorded when the ticket for scratch off tickets and lottery tickets are sold. Revenues from the Platform include license fees, training, installation, and product support services. Revenue is recognized when transfer of control to the customer has been made and the Company’s performance obligation has been fulfilled. License fees are calculated as a percentage of each licensee’s level of activity and are contingent upon the licensee’s usage. The license fees are recognized on an accrual basis as earned. Stock-Based Compensation The Company records its compensation expense associated with stock options and other forms of equity compensation based on their fair value at the date of grant using the Black-Scholes option pricing model. Stock-based compensation includes amortization related to stock option awards based on the estimated grant date fair value. Stock-based compensation expense related to stock options is recognized ratably over the vesting period of the option. In addition, the Company records expense related to Restricted Stock Units (“RSU’s”) granted based on the fair value of those awards on the grant date. The fair value related to the RSUs is amortized to expense over the vesting term of those awards. Forfeitures of stock options and RSUs are recognized as they occur. Stock-based compensation expense for a stock-based award with a performance condition is recognized when the achievement of such performance condition is determined to be probable. If the outcome of such performance condition is not determined to be probable or is not met, no compensation expense is recognized and any previously recognized compensation expense is reversed. Comprehensive Income (Loss) Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources, including foreign currency translation adjustments and unrealized gains and losses on marketable securities. The Company adopted FASB ASC 220-10-45, “Reporting Comprehensive Income”. ASC 220-10-45 establishes standards for reporting and presentation of comprehensive income and its components in a full set of financial statements. Comprehensive income consists of net income and unrealized gains (losses) on available for sale marketable securities and foreign currency translation adjustments. Earnings Per Share Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 260, “Earnings Per Share” provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income (loss) available to common shareholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflects the potential dilution of securities that could share in the earnings of an entity and include warrants granted and convertible debentures. Related Parties Parties are considered to be related to the Company if the parties directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions. All transactions are recorded at fair value of the goods or services exchanged. Recent Accounting Pronouncements Not Yet Adopted In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. The purpose of this updated guidance is to improve the effectiveness and disclosures in the Notes to the financial statements. The ASU removes the requirement to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy; removes the policy for timing of transfers between levels; and removes the disclosure related to the valuation process for Level 3 fair value measurements. The ASU also modifies existing disclosure requirements which relate to the disclosure for investments in certain entities which calculate net asset value and clarifies the disclosure about uncertainty in the measurements as of the reporting date. For all entities, the effective date for this guidance is fiscal years beginning after December 15, 2019, including interim periods within the reporting period, with early adoption permitted. Entities are also allowed to elect early adoption of the eliminated or modified disclosure requirements and delay adoption of the new disclosure requirements until their effective date. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The main objective of this guidance is to simplify the accounting for goodwill impairment by requiring that impairment charges be based upon the first step in the current two-step impairment test under ASC 350. Currently, if the fair value of a reporting unit is lower than its carrying amount (Step 1), an entity calculates any impairment charge by comparing the implied fair value of goodwill with its carrying amount (Step 2). The implied fair value of goodwill is calculated by deducting the fair value of all assets and liabilities of the reporting unit from the reporting unit’s fair value as determined in Step 1. To determine the implied fair value of goodwill, entities estimate the fair value of any unrecognized intangible assets and any corporate-level assets or liabilities that were included in the determination of the carrying amount and fair value of the reporting unit in Step 1. Under this guidance, if a reporting unit’s carrying amount exceeds its fair value, an entity will record an impairment charge based on that difference. The impairment charge will be limited to the amount of goodwill allocated to that reporting unit. This guidance eliminates the requirement to calculate a goodwill impairment charge using Step 2. This guidance does not change the guidance on completing Step 1 of the goodwill impairment test. Under this guidance, an entity will still be able to perform the current optional qualitative goodwill impairment assessment before determining whether to proceed to Step 1. The guidance in the ASU will be applied prospectively and is effective for the Company for annual and interim impairment tests performed in periods beginning after December 15, 2019. The Company does not expect the adoption of this ASU to have a significant impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires that a lessee recognize the assets and liabilities that arise from operating leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right of use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. Public business entities should apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted for all public business entities and all nonpublic business entities upon issuance. The Company has reviewed all recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on our consolidated results of operations, financial position, and cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on current or future earnings or operations. Comparatives Certain items in prior periods were reclassified to conform to the current period presentation. These reclassifications had no impact on net loss or comprehensive loss.

Restatement of prior period res

Restatement of prior period results	9 Months Ended
	Sep. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Restatement of prior period results	3. Restatement of prior period results The company identified the following errors in the financial results for the periods ended September 30, 2019 and 2018. Three and nine months ended September 30, 2019 The company restated its financial statements for the year ended December 31, 2018, to correct the recording of non-cash amortization of intangible assets and the depreciation of revalued plant and equipment which was incorrectly classified as other comprehensive income, the unrealized foreign currency loss on convertible debentures denominated in Canadian Dollars and other immaterial adjustments, resulting in a restatement of opening balances of plant and equipment of $121,243, intangible assets of $(55,475), other comprehensive income of $(1,023,907) and opening retained earnings of $(958,138). The Company had not accounted for ASC 842 – leases, which was effective for periods beginning January 1, 2019, in its interim financial statements for the periods ended March 31, 2019, June 30, 2019 and September 30, 2019. The Company recorded a right-of-use asset of $646,138 and an operating lease liability of $617,352 and an accrued liability of $28,786 as of January 1, 2019. An additional $241,985 of operating leases were entered into and a further $22,707 of operating leases were terminated before maturity during the nine months ended September 30, 2019. The amortization of the right-of-use asset amounted to $153,088, the amortization of the operating lease liability was $136,269 and the accrued liability increased by $2,892. The Company adjusted its accounting for financial leases by recording an office equipment asset of $34,638 and a finance lease liability of $34,524 as of January 1, 2019. During the nine months ended September 30, 2019, an additional $15,043 of additional office equipment under financial leases was recorded. The Company recorded a depreciation charge of $8,764 related to these assets, an interest charge of $1,071 and amortization of financial leases of $9,411. The Company modified its accounting for the acquisition of Virtual Generation by accounting for the imputed deferred tax liability on the value of the Platform acquired, resulting in an adjustment of $1,401,608 to deferred tax liability and recording of a goodwill asset on acquisition of $1,401,608. The Virtual Generation platform, valued at $4,004,954, was amortized for the nine months ended September 30, 2019, resulting in an amortization expense of $177,982 and a reduction in the deferred tax liability of $62,294. The company had previously recorded certain gains on share based transactions with related parties amounting to $282,101. These gains were reclassified as equity. Other adjustments relating to the recording of consolidated amortization expenses were incorrectly calculated, the net adjustment amounted to $112,634. In addition certain foreign exchange movements of $23,998 were incorrectly recorded in comprehensive loss. Included in other adjustments is a reclassification of selling expenses of $1,028,184 to general and administrative expenses to conform to current disclosure. Due to a 1 for 8 reverse stock split which took place on December 12, 2019, the outstanding shares and additional paid in capital was adjusted to take into account the effects of the reverse stock split. Three and nine months ended September 30, 2018 The error corrected in the financial statements for the year ended December 31, 2018, resulted in an adjustment to depreciation and amortization expense of $352,943, an adjustment to foreign exchange movements of $83,645, and an immaterial $331 adjustment to general and administrative expenses. The reconciliation of the consolidated balance sheet as of September 30, 2019 is as follows: As Previously Reported Prior year adjustment Lease adjustments Acquisition of Virtual Generation Other Adjustments As Restated Current Assets Cash and cash equivalents $ 4,910,994 $ — $ — $ — $ — $ 4,910,994 Accounts receivable 104,731 — — — — 104,731 Gaming accounts receivable 1,446,058 — — — — 1,446,058 Prepaid expenses 197,953 — — — — 197,953 Related party receivable 849 — — — — 849 Other current assets 182,864 — — — — 182,864 Total Current Assets 6,843,449 — — — — 6,843,449 Non-Current Assets Restricted cash 1,404,978 — — — — 1,404,978 Property, plant and equipment 324,227 121,248 39,108 — (10,430 ) 474,153 Right-of-use assets — — 699,250 — — 699,250 Intangible assets 16,132,375 (55,477 ) (177,982 ) 128,156 16,027,072 Goodwill 266,920 — — 1,401,608 (5,093 ) 1,663,435 Other assets 10,907 — — — — 10,907 Investment in non-consolidated entities 375,000 — — — — 375,000 Total Non-Current Assets 18,514,407 65,771 738,358 1,223,626 112,633 20,654,795 Total Assets $ 25,357,856 $ 65,771 $ 738,358 $ 1,223,626 $ 112,633 $ 27,498,244 Current Liabilities Line of credit - bank $ 1,000,000 $ — $ — $ — $ — $ 1,000,000 Accounts payable and accrued liabilities 4,080,575 — 31,678 — — 4,112,253 Gaming accounts balances 2,578,116 — — — — 2,578,116 Taxes payable 645,591 — — — — 645,591 Advances from stockholders 8,019 — — — — 8,019 Convertible Debt, net of discount of $1,755,287 6,376,410 — — — — 6,376,410 Notes payable, net of discount of $120,853 1,397,815 — — — — 1,397,815 Notes payable – related party, net of discount of $80,569 984,811 — — — — 984,811 Bank loan payable – current portion 119,195 — — — — 119,195 Operating lease liability — — 47,068 — — 47,068 Financial lease liability — — 3,002 — — 3,002 Total Current Liabilities 17,190,532 — 81,748 — — 17,272,280 Non-current liabilities Deferred tax liability — — — 1,339,314 — 1,339,314 Notes payable, net of discount of $27,506 244,728 — — — — 244,728 Notes payable – related party, net of discount of $18,338 163,152 — — — — 163,152 Bank loan payable 124,670 — — — — 124,670 Operating lease liability — — 621,695 — — 621,695 Financial lease liability — — 36,843 — — 36,843 Other long-term liabilities 204,100 — — — — 204,100 Total Non-Current Liabilities 736,650 — 658,538 1,339,314 — 2,734,502 Total Liabilities 17,927,182 — 740,286 1,339,314 — 20,006,782 Stockholders' Equity Preferred stock, $0.0001 par value; 5,000,000 shares authorized, none issued — — — — — — Common Stock, $0.0001 par value, 80,000,000 shares authorized; 10,514,610 shares issued and outstanding as of September 30, 2019* 8,412 — — — (7,360 ) 1,052 Additional paid-in capital* 27,213,399 — — — 289,461 27,502,860 Accumulated other comprehensive income (1,382,160 ) 1,023,907 (1,618 ) — (23,998 ) (383,869 ) Accumulated deficit (18,408,977 ) (958,136 ) (310 ) (115,688 ) (145,470 ) (19,628,581 ) Total Stockholders' Equity 7,430,674 65,771 (1,928 ) (115.688 ) 112,633 7,491,462 Total Liabilities and Stockholders’ Equity $ 25,357,856 $ 65,771 $ 738,358 $ 1,223,626 $ 112,633 $ 27,498,244 * Adjusted for a 1 for 8 reverse stock split effective December 12, 2019. The reconciliation of the consolidated statement of operations and comprehensive loss for the three months ended September 30, 2019 is as follows: As Previously Reported Lease adjustments Acquisition of Virtual Generation Other Adjustments As Restated Revenue $ 6,755,845 $ - $ - $ - 6,755,845 Costs and Expenses Selling expenses 3,156,446 - - (258,159 ) 2,898,287 General and administrative expenses 3,259,195 (235 ) 66,743 105,294 3,430,997 Total Costs and Expenses 6,415,641 (235 ) 66,743 (152,865 ) 6,329,284 Income from Operations 340,204 235 (66,743 ) 152,865 426,561 Other (Expenses) Income Other income 32,864 - - - 32,864 Interest expense, net of interest income (1,092,887 ) (372 ) - - (1,093,259 ) Gain on settlement of liabilities 282,101 - - (282,101 ) - Gain on marketable securities 125,000 - - - 125,000 Total Other (Expenses) Income (652,922 ) (372 - (282,101 ) (935,395 ) Loss Before Income Taxes (312,718 ) (137 ) (66,743 ) (129,236 ) (508,834 ) Income tax provision (283,905 ) - 23,360 - (260,545 ) Net Loss (596,623 ) (137 ) (43,383 ) (129,236 ) (769,379 ) Other Comprehensive Loss Foreign currency translation adjustment (212,009 ) - - (53,222 ) (265,231 ) Comprehensive Loss $ (808,632 ) $ (137 ) $ (43,383 ) $ (182,458 ) $ (1,034,610 ) Loss per common share – basic and diluted* $ (0.01 ) $ (0.01 ) Weighted average number of common shares outstanding – basic and diluted* 10,241,996 10,241,996 * Adjusted for a 1 for 8 reverse stock split effective December 12, 2019. The reconciliation of the consolidated statement of operations and comprehensive loss for the nine months ended September 30, 2019 is as follows: As Previously Reported Lease adjustments Acquisition of Virtual Generation Other Adjustments As Restated Revenue $ 25,127,494 $ — $ — $ — $ 25,127,494 Costs and Expenses Selling expenses 17,602,950 — — (1,028,184 ) 16,574,766 General and administrative expenses 8,919,962 (761 ) 177,982 891,553 9,988,736 Total Costs and Expenses 26,522,912 (761 ) 177,982 (136,631 ) 26,563,502 Loss from Operations (1,395,418 ) 761 (177,982 ) 136,631 (1,436,008 ) Other (Expenses) Income Other income 40,589 — — — 40,589 Interest expense, net of interest income (3,613,543 ) (1,071 ) — — (3,614,614 ) Gain on marketable securities 100,000 — — — 100,000 Loss on settlement of liabilities 246,158 — — (282,101 ) (35,943 ) Total Other (Expenses) Income (3,226,796 ) (1,071 ) — (282,101 ) (3,509,968 ) Loss Before Income Taxes (4,622,214 ) (310 ) (177,982 ) (145,470 ) (4,945,976 ) Income tax provision (777,869 ) — 62,294 — (715,575 ) Net Loss (5,400,083 ) (310 ) (115,688 ) (145,470 ) (5,661,551 ) Other Comprehensive Loss Foreign currency translation adjustment (300,822 ) (1,618 ) — (23,998 ) (326,438 ) Comprehensive Loss $ (5,700,905 ) $ (1,928 ) $ (115,688 ) $ (169,468 ) $ (5,987,989 ) Loss per common share – basic and diluted* $ (0.57 ) $ (0.60 ) Weighted average number of common shares outstanding – basic and diluted* 9,925,380 9,925,380 * Adjusted for a 1 for 8 reverse stock split effective December 12, 2019. The reconciliation of the consolidated statement of operations and comprehensive loss for the three months ended September 30, 2018 is as follows: As Previously Reported Depreciation and amortization adjustments Foreign Exchange adjustments Other Adjustments As Restated Revenue $ 7,823,286 $ — $ — $ — $ 7,823,286 Costs and Expenses Selling expenses 5,314,436 — — — 5,314,436 General and administrative expenses 2,897,835 117,648 27,880 — 3,043,363 Total Costs and Expenses 8,212,271 117,648 27,880 — 8,357,799 Loss from Operations (388,985 ) (117,648 ) (27,880 ) — (534,513 ) Other (Expenses) Income Interest expense, net of interest income (329,618 ) — — — (329,618 ) Loss on marketable securities (2,500 ) — — — (2,500 ) Total Other (Expenses) Income (332,118 ) — — — (332,118 ) Loss Before Income Taxes (721,103 ) (117,648 ) (27,880 ) — (866,631 ) Income tax provision (83,356 ) — — — (83,356 ) Net Loss (804,459 ) (117,648 ) (27,880 ) — (949,987 ) Other Comprehensive Loss Foreign currency translation adjustment (490,914 ) 133,446 27,880 — (329,588 ) Comprehensive Loss $ (1,295,373 ) $ 15,798 $ — $ — $ (1,279,575 ) Loss per common share – basic and diluted* $ (0.14 ) $ (0.14 ) Weighted average number of common shares outstanding – basic and diluted* 9,317,537 9,317,537 The reconciliation of the consolidated statement of operations and comprehensive loss for the nine months ended September 30, 2018 is as follows: As Previously Reported Depreciation and amortization adjustments Foreign Exchange adjustments Other Adjustments As Restated Revenue $ 25,239,812 $ — $ — $ — $ 25,239,812 Costs and Expenses Selling expenses 17,218,036 — — — 17,218,036 General and administrative expenses 7,013,563 352,943 83,645 331 7,450,482 Total Costs and Expenses 24,231,599 352,943 83,645 331 24,668,518 Income from Operations 1,008,213 (352,943 ) (83,645 ) (331 ) 571,294 Interest expense, net of interest income (1,592,127 ) — — — (1,592,127 ) Imputed interest on related party advances (761 ) — — — (761 ) Gain on litigation settlement 516,120 — — — 516,120 Loss on debt modification (212,270 ) — — — (212,270 ) Loss on marketable securities (157,500 ) — — — (157,500 ) Total Other (Expenses) Income (1,446,538 ) — — — (1,446,538 ) Loss Before Income Taxes (438,325 ) (352,943 ) (83,645 ) (331 ) 875,244 ) Income tax provision (840,798 ) — — — (840,798 ) Net Loss (1,279,123 ) (352,943 ) (83,645 ) (331 ) (1,716,042 ) Other Comprehensive Loss Foreign currency translation adjustment (653,788 ) 401,333 83,645 — (168,810 ) Comprehensive Loss $ (1,932,911 ) $ 48,390 $ — $ (331 ) $ (1,884,852 ) Loss per common share – basic and diluted* $ (0.21 ) $ (0.20 ) Weighted average number of common shares outstanding – basic and diluted* 9,397,252 9,397,252 * Adjusted for a 1 for 8 reverse stock split effective December 12, 2019. The reconciliation of the consolidated statement of cash flows for the nine months ended September 30, 2019 is as follows: As Previously Reported Lease adjustments Acquisition of Virtual Generation Other Adjustments and reclassifications As Restated Cash Flows from Operating Activities Net loss $ (5,400,083 ) $ (310 ) $ (115,688 ) $ (145,470 ) $ (5,661,551 ) Adjustments to reconcile net loss to net cash generated by operating activities Depreciation and amortization 485,351 8,764 177,982 15,310 687,407 Amortization of deferred costs 2,974,439 — — — 2,974,439 Stock based compensation charge 88,960 — — — 88,960 Non-cash interest 598,656 — — — 598,656 Gain on settlement of liabilities (190,610 ) — — 190,610 — Loss on debt conversions (46,426 ) — — 91,492 45,066 Unrealized gain on trading securities (100,000 ) — — — (100,000 ) Deferred taxation movements — — (62,294 ) — (62,294 ) Changes in Operating Assets and Liabilities Prepaid expenses (69,957 ) — — — (69,957 ) Accounts payable and accrued liabilities 643,411 — — — 643,411 Accounts receivable (50,218 ) — — (50,218 ) Gaming accounts receivable (487,330 ) — — — (487,330 ) Gaming accounts liabilities 1,626,021 — — — 1,626,021 Taxes payable (372,275 ) — — — (372,275 ) Other current assets (101,594 ) — — — (101,594 ) Other assets (11,239 ) — — — (11,239 ) Long term liability (387,523 ) — — — (387,523 ) Net Cash used in operating Activities (800,417 ) 8,454 — 151,942 (640,021 ) Cash Flows from Investing Activities Acquisition of property, plant, and equipment, and intangible assets (114,821 ) (15,043 ) — — (129,864 ) Decrease in restricted cash 133,197 — — (133,197 ) — Acquisition of Virtual Generation, net of cash of $47,268 46,435 — (263,418 ) — (216,983 ) Net Cash Used in Investing Activities 64,811 (15,043 ) (263,418 ) (133,197 ) (346,847 ) Cash Flows from Financing Activities Proceeds from bank credit line, net 250,000 — — — 250,000 Repayment of bank loan (88,567 ) — — — (88,567 ) Repayment of deferred purchase consideration – non-related parties (213,317 ) — 105,367 — (107,950 ) Repayment of deferred purchase consideration – related parties (399,901 ) — 158,051 — (241,850 ) Movement in financial leases — 6,589 — — 6,589 Advance to related party (11,975 ) — — — (11,975 ) Advances from stockholders 14,227 — — — 14,227 Net Cash Used in Financing Activities (449,533 ) 6,589 263,418 — (179,526 ) Effect of change in exchange rate (193,770 ) — — (174,306 ) (368,076 ) Net decrease in cash (1,378,909 ) — — (155,561 ) (1,534,470 ) Cash, cash equivalents and restricted cash – beginning of the period 6,289,903 — — 1,560,539 7,850,442 Cash, cash equivalents and restricted cash – end of the period $ 4,910,994 $ — $ — $ 1,404,978 $ 6,315,972 Reconciliation of cash, cash equivalents and restricted cash within the balance sheet to the statement of cash flows Cash and cash equivalents $ 4,910,994 $ — $ — $ — $ 4,910,994 Restricted cash — — — 1,404,978 1,404,978 $ 4,910,994 $ — $ — $ 1,404,978 $ 6,315,972 The reconciliation of the consolidated statement of cash flows for the nine months ended September 30, 2018 is as follows: As Previously Reported Depreciation amortization adjustments Foreign Exchange adjustments Other Adjustments and reclassifications As Restated Cash Flows from Operating Activities Net Loss $ (1,279,123 ) $ (352,943 ) $ (83,645 ) $ (331 ) $ (1,716,042 ) Adjustments to reconcile net loss to net cash provided by operating activities Depreciation and amortization 500,391 156,594 — — 656,985 Amortization of deferred costs 58,188 — — — 58,188 Non-cash interest 1,193,434 — — — 1,193,434 Loss on debt modification 217,140 — — — 217,140 Imputed interest on advances from stockholders 1,514 — — — 1,514 Unrealized loss on trading securities 157,500 — — — 157,500 Recovery of assets (516,120 ) — — — (516,120 ) Bad debt expense 6,354 — — — 6,354 Changes in Operating Assets and Liabilities Prepaid expenses (180,651 ) — — — (180,651 ) Accounts payable and accrued liabilities 1,776,266 — — 331 1,776,597 Accounts receivable 98,823 — — — 98,823 Gaming accounts receivable (108,033 ) — — — (108,033 ) Gaming accounts liabilities (242,907 ) — — — (242,907 ) Taxes payable (547,618 ) — — — (547,618 ) Other current assets (94,764 ) — — — (94,764 ) Long term liability 72,480 — — — 72,480 Net Cash Provided by operating Activities 1,112,874 (196,349 ) (83,645 ) — 832,880 Cash Flows from Investing Activities Acquisition of property, plant, and equipment, and intangible assets (4,487,456 ) (203,068 ) — — (4,690,524 ) Decrease in restricted cash (980,427 ) — — 980,427 — Net Cash Used in Investing Activities (5,467,883 ) (203,068 ) — 980,427 (4,690,524 ) Cash Flows from Financing Activities Proceeds from bank credit line 500,000 — — — 500,000 Repayment of bank credit line, net (177,060 ) — — — (177,060 ) Repayment of bank loan (93,532 ) — — — (93,532 ) Proceeds from debentures and convertible notes, net of repayment 6,883,906 — — — 6,883,906 Loan to related party (190,509 ) — — — (190,509 ) Purchase of treasury stock (2,261,307 ) — — — (2,261,307 ) Repayment to stockholders, net of advances (406,142 ) — — — (406,142 ) Net Cash Provided by Financing Activities 4,255,356 — — — 4,255,356 Effect of change in exchange rate (561,516 ) 399,417 83,645 — (78,454 ) Net increase in cash (661,169 ) — — 980,427 319,258 Cash, cash equivalents and restricted cash – beginning of the period 6,469,858 — — 587,905 7,057,763 Cash, cash equivalents and restricted cash – end of the period $ 5,808,689 $ — $ — $ 1,568,332 $ 7,377,021 Reconciliation of cash, cash equivalents and restricted cash within the balance sheet to the statement of cash flows Cash and cash equivalents $ 5,808,689 $ — $ — $ — $ 5,808,689 Restricted cash — — — 1,568,332 1,568,332 $ 5,808,689 $ — $ — $ 1,568,332 $ 7,377,021

Reclassification of prior perio

Reclassification of prior period results	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reclassification of prior period results	4. Reclassification of prior period results The Company adopted ASU 2017-11 (“ASU 2017-11”) – Accounting for certain convertible debentures and warrants with down round features, in the prior year. When determining whether certain financial instruments should be classified as liabilities or equity instruments, a down round feature no longer precludes equity classification when assessing whether the instrument is indexed to an entity’s own stock. The Company determined that ASU 2017-11 is applicable to the Company and the down round feature of the convertible debentures and warrants issued during the period February 2018 to June 2018, no longer qualified as derivative liabilities. The amendments in this update were effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, however early adoption was permitted for all entities, including adoption in an interim period. The Company early adopted ASU 2017-11 in its September 30, 2018 quarterly report. The adjustments were reflected as of January 1, 2018, the beginning of the fiscal year. The adjustments made by the Company to its opening balance sheet as of January 1, 2018 were as follows: Convertible Debentures Derivative Liability Additional Paid-in Capital Accumulated Deficit Balance as of January 1, 2018 $ 1,148,107 $ 222,915 $ 14,254,582 $ (9,897,620 ) Reclassified derivative liabilities and cumulative effect of adoption — (222,915 ) 287,881 (64,966 ) Balance as of January 1, 2018, restated $ 1,148,107 $ — $ 14,542,463 $ (9,962,586 ) During the three and nine months ended September 30, 2018, the Company issued Convertible debenture units to investors amounting to $3,268,000 and CDN$7,162,000 (approximately $6,502,000). Each unit consisting of a convertible debenture, common shares of stock and a warrant, refer to Note 1 below. Due to the modified retrospective adoption allowed under ASU 2017-11, the Company eliminated the derivative liability at the date of the issuance of the convertible debentures and warrants and credited additional paid in capital and debited convertible debentures discount with $5,536,301 on the grant date of the convertible debentures and warrants. The $5,536,301 was calculated using a Black-Scholes valuation model to measure and allocate the following components of the convertible debenture units; (a) the beneficial conversion feature of the convertible debentures; (b) the value of the warrants issued with the units; and the brokers warrants related to the issuance of the convertible debenture units, after applying the relative fair value method to the derived Black-Scholes valuations. The common shares of stock issued as part of the convertible debenture units were valued at the grant date at closing market prices at $582,486. The Company eliminated the derivative liability of $12,494,727 reflected on the consolidated balance sheet as of September 30, 2018 and the net derivative liability movements through the consolidated statements of comprehensive loss of $5,498,876 and $5,244,587 for the three and nine months ended September 30, 2018 and the net derivative liability movement of $5,244,587 from the statement of cash flows for the nine months ended September 30, 2018. The Company had originally calculated the mark-to-market derivative liability on the grant date of the warrants and brokers warrants and the convertible debentures as an additional charge of $23,513,240 and reflected this loss together with the loss realized on the modification of certain convertible debentures and warrants of $212,270 as a loss on debt issuance. The $23,513,240 related to the mark-to-market derivative liability movement at the grant date was reclassified as a mark-to-market movement in derivative liabilities for the three months and nine months ended September 30, 2018, with a net loss on debt modification of $212,270.

Acquisition betting software te

Acquisition betting software technology; offline and land-based gaming assets	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Acquisition of betting software technology; offline and land-based gaming assets	5. Acquisition of betting software technology; offline and land-based gaming assets Ulisse GmbH (“Ulisse”) Acquisition On June 30, 2016, the Company entered into a Share Exchange Agreement (“Ulisse SPA”), which closed on July 1, 2016, with the shareholders of Ulisse organized under the laws of Austria. Ulisse operates a network of approximately 170 land-based agency locations. Pursuant to the agreement, the Company issued 416,400 shares of common stock in consideration for 100% of the issued and outstanding shares of Ulisse. Pursuant to the Ulisse SPA, the purchase price was subject to an adjustment equal to two times earnings before income taxes calculated on a pro rata basis from the closing date upon completion of the ADM license tender auction. The sellers were also permitted to exercise the option to resell to the Company 50% of the shares of common stock (or 208,200 shares) issued in consideration for the purchase price at a fixed price of USD $4.00 per share (the “Ulisse Put Option”). On May 31, 2018, the Company and Ulisse mutually agreed to exercise the Ulisse Put Option in lieu of completion of the ADM license tender auction. The Company repurchased and retired the shares issued in June 2016 with a purchase price adjustment to 10 million Euros (approximately USD $11.7 million). The purchase price adjustment was paid half in cash of 5 million Euros (approximately USD $5.85 million) and the Company issued 591,950 shares to the sellers on May 31, 2018 to settle the balance of the purchase price adjustment in shares of common stock at the closing price of $9.44 per share on May 31, 2018. Multigioco Acquisition On May 31, 2018, the Company and Multigioco mutually agreed to exercise the option to repurchase the shares issued to the shareholders of Multigioco at the closing of the acquisition of Multigioco on August 15, 2014 (“Multigioco Put Option”). The Company repurchased and retired the balance of 255,000 shares issued to the Multigioco sellers in exchange for EUR 510,000 (approximately USD $595,000). Virtual Generation Limited (“VG”) Acquisition On January 30, 2019, the Company entered into a Share Exchange Agreement (“VG SPA”), with the shareholders of Virtual Generation (“VG”) organized under the laws of Republic of Malta. VG owns and has developed a virtual gaming software platform, together with all the ordinary shares of Naos Holding Limited, a company organized under the laws of Republic of Malta (“Naos”) that owns 3,999 of the 4,000 issued and outstanding ordinary shares of VG. Pursuant to the agreement, the Company issued 65,298 shares of common stock in consideration for 100% of the issued and outstanding shares of VG. Pursuant to the Purchase Agreement, on the Closing Date, the Company agreed to pay the Sellers the previously agreed to Four Million Euro (€4,000,000) in consideration for all the ordinary shares of VG and Naos, on the Closing Date as follows: i. a cash payment of One Hundred and Eight Thousand Euro (€108,000); ii. the issuance of shares of the Company’s common stock valued at Eighty-Nine Thousand Euro (€89,000); and iii. the delivery of a non-interest bearing promissory note (the “Promissory Note”) providing for the payment of (a) an aggregate of €2,392,000 in cash in 23 equal and consecutive monthly instalments of €104,000 with the first such payment due and payable on the date that is one (1) month after the Closing Date; and (b) an aggregate of €1,411,000 in shares of the Company’s common stock in seventeen (17) equal and consecutive monthly instalments of €83,000 as determined by the average of the closing prices of such shares on the last ten (10) trading days immediately preceding the determination date of each monthly issuance, commencing on March 1, 2019. The purchase price was allocated to the fair market value of tangible and intangible assets acquired and liabilities assumed. Intangible assets will be amortized over their remaining useful life as follows: Cash $ 47,268 Current assets 178,181 Property, Plant and Equipment 41,473 Betting Platform 4,004,594 4,271,516 Less: liabilities assumed (78,141 ) Less: Imputed Deferred taxation on identifiable intangible assets acquired (1,401,608 ) Total identifiable assets less liabilities assumed 2,791,767 Goodwill arising on acquisition 1,401,608 Total purchase price $ 4,193,375 Intangible assets will be amortized over their remaining useful life over a period of 15 years. The €3,803,000 promissory note was recorded as a liability owing to related parties of €1,521,000 (Note 11) and to third parties of €2,281,800 (Note 14).

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Leases	6. Leases Adoption of ASC Topic 842, “Leases” On January 1, 2019, the Company adopted Topic 842 using the modified retrospective method applied to leases that were in place as of January 1, 2019. Results for reporting periods beginning after January 1, 2019 are presented under Topic 842, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historic accounting under Topic 840. The Company’s portfolio of leases contains both finance and operating leases that relate to real estate agreements, vehicles and office equipment agreements. Practical Expedients and Elections The Company elected the package of practical expedients permitted under the transition guidance, which allowed the Company to carryforward its historical lease classification, the Company’s assessment on whether a contract is or contains a lease, and its initial direct costs for any leases that exist prior to adoption of the new standard. The Company also elected to combine lease and non-lease components on the office equipment leases and elected the short-term lease recognition exemption for all leases that qualify. Discount Rate To determine the present value of minimum future lease payments for leases at January 1, 2019, the Company was required to use the rate implicit in the lease unless the rate is not determinable then a rate of interest that it would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment (the “incremental borrowing rate” or “IBR”). Operating leases Property and vehicle leases The Company determined the rate implicit in the lease or an IBR where that rate was not determinable. The Company used country specific rates based on the country the assets are located in. Property leases The Company determined that rates ranging from 2.12% to 4.5% were appropriate discount rates to apply to its real-estate operating leases. The Company entered into new real estate operating leases during the current period and determined an appropriate discount rate to apply to its operating leases was 2.12%. Vehicle leases The Company determined that appropriate discount rates to apply to its vehicle operating leases ranged from 5.1% to 6.7%. Finance leases Computer and office equipment leases The Company has financed several items of computer and office equipment through vendor financing. The discount rates for finance leases ranged from 2.5% to 4.2%. Right of use assets Upon adoption of ASC 842, effective January 1, 2019, the Company recorded a right of use asset for operating leases of $646,138. Right of use assets are included in the consolidated balance sheet are as follows: September 30, 2019 Non-Current assets Right-of-use assets - operating leases, net of amortization $ 699,250 Right-of-use assets – finance leases, net of amortization (included in plant and equipment) $ 39,108 Lease costs consists of the following: Nine months ended September 30, 2019 Finance lease cost: $ — Amortization of right-of-use assets 8,764 Interest expense on lease liabilities 1,070 9,834 Operating lease cost 154,797 Total lease cost $ 164,631 Other lease information: Nine months ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from finance leases $ (1,070 ) Operating cash flows from operating leases (154,797 ) Financing cash flows from finance leases (8,341 ) Right-of-use assets obtained in exchange for new finance leases 15,043 Right-of-use assets disposed of under operating leases prior to lease maturity (32,337 ) Weighted average remaining lease term – finance leases 3.67 years Weighted average remaining lease term – operating leases 3.61 years Weighted average discount rate – finance leases 3.50 % Weighted average discount rate – operating leases 3.53 % Maturity of Leases Finance lease liability The amount of future minimum lease payments under finance leases are as follows: Amount 2019 $ 3,631 2020 13,223 2021 10,116 2022 8,439 2023 6,762 2024 784 Total undiscounted minimum future lease payments 42,955 Imputed interest (3,110 ) Total finance lease liability $ 39,845 Disclosed as: Current portion $ 3,002 Non-Current portion 36,843 $ 39,845 Operating lease liability The amount of future minimum lease payments under operating leases are as follows: Amount 2019 $ 52,844 2020 190,576 2021 184,102 2022 155,055 2023 103,990 2024 and beyond 29,098 Total undiscounted minimum future lease payments 715,665 Imputed interest (46,902 ) Total operating lease liability $ 668,763 Disclosed as: Current portion $ 47,068 Non-Current portion 621,695 $ 668,763

Investment in Non-consolidated

Investment in Non-consolidated Entities	9 Months Ended
	Sep. 30, 2019
Investments, All Other Investments [Abstract]
Investment in Non-consolidated Entities	7. Investment in Non-consolidated Entities Investments in non-consolidated entities consists of 2,500,000 shares of Zoompass Holdings (“Zoompass”) and is accounted for at fair value, with changes recognized into earnings in accordance with ASU 2016-1, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” On September 30, 2019, the shares of Zoompass were last quoted at $0.15 per share on the OTC market, resulting in an unrealized gain recorded to earnings related to these securities of $125,000 and $100,000 for the three and nine months ended September 30, 2019, respectively.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	8. Intangible Assets Intangible assets consist of the following: September 30, 2019 December 31, 2018 Betting Platform Software $ 1,685,371 $ 1,685,371 Ulisse Bookmaker License 9,727,914 9,727,914 Multigioco and Rifa ADM Licenses 962,903 961,756 VG Licenses 4,004,594 — Location contracts 1,000,000 1,000,000 Customer relationships 870,927 870,927 Trademarks/names 110,000 110,000 Websites 40,000 40,000 18,401,709 14,395,968 Accumulated amortization (2,374,637 ) (1,867,986 ) Balance $ 16,027,072 $ 12,527,982 The Company evaluates intangible assets for impairment on an quarterly basis during the last month of each year and at an interim date if indications of impairment exist. Intangible asset impairment is determined by comparing the fair value of the asset to its carrying amount with an impairment being recognized only when the fair value is less than carrying value. The Company recorded approximately $511,929 and $342,498 in amortization expense for the finite-lived assets for the nine months ended September 30, 2019 and September 30, 2018 respectively. Licenses obtained by the Company in the acquisitions of Multigioco and Rifa include a Gioco a Distanza (“GAD”) online license as well as a Bersani and Monti land-based licenses issued by the Italian gaming regulator (ADM) to Multigioco and Rifa, respectively, as well as an Austrian Bookmaker License through the acquisition of Ulisse. The Company believes that the carrying amounts of its intangible assets are recoverable. However, if adverse events were to occur or circumstances were to change indicating that the carrying amount of such assets may not be fully recoverable, the assets would be reviewed for impairment and the assets could be impaired.

Restricted Cash

Restricted Cash	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Restricted Cash	9. Restricted cash Restricted cash is cash held in a segregated bank account at Intesa Sanpaolo Bank S.p.A. (“Intesa Sanpaolo Bank”) as collateral against a bank loan with Intesa Sanpaolo Bank as well as Wirecard Bank as a security deposit for Ulisse betting operations. In addition, the Company maintains a $1,000,000 deposit at Metropolitan Commercial bank held as security against a $1,000,000 line of credit. See Note 10.

Line of Credit-Bank

Line of Credit-Bank	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Line of Credit-Bank	10. Line of Credit – Bank The Company currently maintains an operating line of credit for a maximum amount of €300,000 (approximately $340,000) for Multigioco and €50,000 (approximately $57,000) for Rifa from Intesa Sanpaolo Bank in Italy. The line of credit is secured by restricted cash on deposit at Intesa Sanpaolo Bank and guaranteed by certain shareholders of the Company and bears a fixed rate of interest at 5% per annum on the outstanding balance with no minimum payment, maturity or due date. In addition, the Company maintains a $1,000,000 secured revolving line of credit from Metropolitan Commercial Bank in New York, which bears a fixed rate of interest of 3.00% on the outstanding balance with an interest only monthly minimum payment, no maturity or due date and is secured by a $1,000,000 security deposit, see Note 9.

Related party

Related party	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Relateded party	11. Related Parties Notes Payable – Related Party The Company had three promissory notes entered into in 2015 and 2016 with a related party with an aggregate principal amount outstanding of $318,078. The promissory notes bore interest at 12% per annum and were due on demand. On September 4, 2019, in terms of an agreement entered into with the note holder, the promissory notes amounting to $318,078 together with interest thereon of $139,383, totaling $457,461 were exchanged for 1,143,652 shares of common stock. In terms of the acquisition of Virtual Generation Limited on January 31, 2019, disclosed in Note 5 above, the Company issued a non-interest bearing promissory note in the principal amount of €3,803,000 owing to both related parties and non-related parties. The value of the promissory note payable to non-related parties was €2,281,800 and to related parties was €1,521,200. The promissory note is to be settled as follows: (a) an aggregate of €956,800 in cash in 23 equal and consecutive monthly instalments of €41,600 with the first such payment due and payable on the date that is one month after the Closing Date; and (b) an aggregate of €564,400 in shares of the Company’s common stock in 17 equal and consecutive monthly instalments of €33,200 as determined by the average of the closing prices of such shares on the last 10 trading days immediately preceding the determination date of each monthly issuance, commencing on March 1, 2019. The future payments on the promissory note was discounted to present value using the Company’s average cost of funding of 10%. The discount is being amortized over the repayment period of the promissory note using the effective interest rate method. The movement on notes payable consists of the following: Description September 30, 2019 Principal Outstanding Opening balance $ 318,078 Promissory note due to non-related parties 1,830,541 Settled by the issuance of common shares (618,982 ) Repayment in cash (213,353 ) Foreign exchange movements (69,414 ) 1,246,870 Accrued Interest Opening balance 113,553 Interest expense 25,830 Settled by the issuance of common shares (139,383 ) — Present value discount on future payments Present value discount (161,393 ) Amortization 56,604 Foreign exchange movements 5,882 (98,907 ) Notes payable – Related Party, net $ 1,147,963 Disclosed as follows: Current liability $ 984,811 Long term liability 163,152 Notes payable – Related Party, net $ 1,147,963 Advances from Stockholders Advances from stockholders represent non-interest-bearing loans that are due on demand. Advances from stockholders are as follows: September 30, 2019 December 31, 2018 Gold Street Capital Corp. $ 8,019 $ 39,237 Amounts due to Gold Street Capital Corp., the major stockholder of Newgioco Group, are for reimbursement of expenses. During the three and nine months ended September 30, 2018, the Company paid management fees of $36,000 and $72,000 to Gold Street Capital Corp and no management fees during the three and nine months ended September 30, 2019, respectively. During the nine months ended September 30, 2018, the Company paid management fees of approximately $6,000 to our VP Technology and director, Luca Pasquini.

Stockholders Equity

Stockholders Equity	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Stockholders Equity	12. Stockholders’ Equity Effective December 12, 2019, the Company performed a 1 for 8 reverse stock split. All equity issuances and references to equity have been adjusted to take into account the reverse stock split. The Company issued the following shares of common stock to promissory note holders in terms of the agreement entered into for the acquisition of Virtual Generation Limited, as disclosed in Note 5 above: · On January 30, 2019, 32,450 shares of common stock valued at $101,763; · On March 1, 2019, 32,847 shares of common stock valued at $101,249; · On April 1, 2019, 29,975 shares of common stock valued at $86,328; · On May 1, 2019, 33,105 shares of common stock valued at $93,018; · On June 1, 2019, 27,256 shares of common stock valued at $92,961; · On July 1, 2019, 35,751 shares of common stock valued at $93,875; · On August 1, 2019, 35,048 shares of common stock valued at $91,810; · On September 1, 2019, 33,353 shares of common stock valued at $91,255. For the nine months ended September 30, 2019, the Company issued a total of 513,485 shares of common stock, valued at $1,642,612, upon the conversion of convertible debentures into equity (Note 13). On April 22, 2019, the Company issued 14,083 shares of common stock, valued at $45,066, to certain convertible debenture holders as an incentive for them to transfer their convertible debentures to another investor. Between September 4, 2019 and September 17, 2019, the Company issued 284,720 shares of common stock, valued at $728,884 in settlement of promissory notes amounting to $457,461 and other liabilities amounting to $553,525.

Convertible Debt

Convertible Debt	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Convertible Debt	13. Convertible Debt The Aggregate convertible debentures outstanding consists of the following: Description September 30, 2019 Principal Outstanding Opening balance $ 8,529,021 Conversion to equity (1,516,169 ) Foreign exchange movements 140,594 7,153,446 Accrued Interest Opening balance 528,141 Interest expense 572,826 Conversion to equity (126,443 ) Foreign exchange movements 3,727 978,251 Debenture Discount Opening balance (4,588,215 ) Amortization 2,832,928 (1,755,287 ) Convertible Debentures, net $ 6,376,410

Notes Payable

Notes Payable	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Notes Payable	14. Notes Payable In Terms of the acquisition of Virtual Generation Limited on January 31, 2019, disclosed in Note 5 above, the Company issued a non-interest bearing promissory note of €3,803,000 owing to both related parties and non-related parties. The value of the promissory note payable related parties was €1,521,200 and to non-related parties was €2,281,800. The promissory note payable to non-related parties is to be settled as follows: (a) an aggregate of €1,435,200 in cash in 23 equal and consecutive monthly instalments of €62,400 with the first such payment due and payable on the date that is one month after the Closing Date; and (b) an aggregate of €846,600 in shares of the Company’s common stock in 17 equal and consecutive monthly instalments of €49,800 as determined by the average of the closing prices of such shares on the last 10 trading days immediately preceding the determination date of each monthly issuance, commencing on March 1, 2019. The future payments on the promissory note was discounted to present value using the Company’s average cost of funding of 10%. The discount is being amortized over the repayment period of the promissory note using the effective interest rate method. The movement on notes payable consists of the following: Description September 30, 2019 Principal Outstanding Promissory note due to non-related parties $ 2,745,811 Settled by the issuance of common shares (451,356 ) Repayment in cash (399,865 ) Foreign exchange movements (103,687 ) 1,790,903 Present value discount on future payments Present value discount (242,089 ) Amortization 84,906 Foreign exchange movements 8,823 (148,360 ) Notes payable, net $ 1,642,543 Disclosed as follows: Current liability $ 1,397,815 Long term liability 244,728 Notes payable, net $ 1,642,543

Bank Loan Payable

Bank Loan Payable	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Bank Loan Payable	15. Bank Loan Payable In September 2016, the Company obtained a loan of €500,000 (approximately $580,000) from Intesa Sanpaolo Bank in Italy, which loan is secured by the Company's assets. The loan has an underlying interest rate of 4.5 points above the Euro Inter Bank Offered Rate, subject to quarterly review and is amortized over 57 months ending March 31, 2021. Monthly repayments of €9,760 began in January 2017. The Company made payments of €58,560 (approximately $66,146) for the nine months ended September 30, 2019 which included principal of approximately $52,239 (approximately $59,007) and interest of €6,321 (approximately $7,140) for the nine months ended September 30, 2019.

Warrants

Warrants	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Warrants	16. Warrants In connection with the private placement agreements entered into with accredited investors in the first and second quarter of 2018, for each $1,000 debenture unit the Company issued two-year warrants to purchase up to 135,28 shares of the Company’s common stock and for each CDN $1,000 debenture unit the Company issued two-year warrants to purchase up to 104.06 shares of the Company’s common stock at an exercise price of $4.00 per share. A summary of all of the Company’s warrant activity during the period January 1, 2018 to September 30, 2019 is as follows: Number of shares Exercise price per share Weighted average exercise price Outstanding January 1, 2018 76,566 $ 4.32 $ 4.32 Granted 1,096,224 4.00 4.00 Forfeited/cancelled (27,000 ) 5.04 (5.04 ) Exercised (40,761 ) 4.64 4.64 Expired (15,555 ) 4.64 4.64 Outstanding December 31, 2018 1,089,474 $ 4.00 4.00 Granted — — — Forfeited/cancelled — — — Exercised — — — Outstanding September 30, 2019 1,089,474 $ 4.00 $ 4.00 The following tables summarize information about warrants outstanding as of September 30, 2019: Warrants outstanding Warrants exercisable Exercise price Number of shares Weighted average remaining years Weighted average exercise price Number of shares Weighted average exercise price $ 4.00 1,089,474 0.90 $ 4.00 1,089,474 $ 4.00

Stock Options

Stock Options	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Stock Options	17. Stock options In September 2018, the Company’s stockholders approved our 2018 Equity Incentive Plan, which provides for a maximum of 1,150,000 awards that can be issued as options, stock appreciation rights, restricted stock, stock units, other equity awards or cash awards. No awards were granted under the 2018 Equity Incentive Plan as of December 31, 2018. During July 2019, the Company issued an aggregate of 95,313 options to purchase common stock, of which options to purchase 25,000 shares of common stock were issued to its Chief Financial Officer, options to purchase 39,375 shares of common stock were issued to its Chief Executive Officer and options to purchase 30,938 shares of common stock were issued to directors. During August 2019, the Company issued an aggregate of 150,000 options to purchase shares of common stock of which options to purchase 25,000 shares of common stock were issued to each of Michele Ciavarella, its Chief Executive Officer, Alessandro Marcelli, its Vice President of Operations, Luca Pasquini, its Vice President of Technology, Gabriele Peroni, its Vice President Business Development, Franco Salvagni, its Vice President of Land-based Operations and Beniamino Gianfelici, its Vice President Regulatory Affairs As of September 30, 2019, there was an aggregate of 245,313 options to purchase shares of common stock granted under our 2018 Equity Incentive Plan and 904,687 reserved for future grants. The options awarded during the three and nine months ended September 30, 2019 were valued using a Black-Scholes option pricing model. The following assumptions were used in the Black-Scholes model: Nine months ended September 30, 2019 Exercise price $ 2.72 to 2.96 Risk free interest rate 1.50 to 2.04 % Expected life of options 7 to 10 years Expected volatility of underlying stock 237.4 to 247.9 % Expected dividend rate 0 % A summary of all of the Company’s option activity during the period January 1, 2018 to September 30, 2019 is as follows: Number of shares Exercise price per share Weighted average exercise price Granted 245,313 $2.72 to $2.96 $ 2.86 Forfeited/cancelled — — — Exercised — — — Outstanding September 30, 2019 245,313 $2.72 to $2.96 $ 2.86 The following tables summarize information about stock options outstanding as of September 30, 2019: Options outstanding Options exercisable Exercise price Number of shares Weighted average remaining years Weighted Average exercise price Number of shares Weighted average exercise price $ 2.72 25,000 6.75 — $ 2.80 150,000 9.92 3,125 $ 2.96 70,313 9.77 18,281 245,313 9.55 $ 2.86 21,406 $ 2.96 The weighted-average grant-date fair values of options granted during the nine months ended September 30, 2019 was $701,957 ($2.86 per share).

Revenues

Revenues	9 Months Ended
	Sep. 30, 2019
Revenues [Abstract]
Revenues	18. Revenues The following table represents disaggregated revenues from our gaming operations for the three and nine months ended September 30, 2019 and 2018. Net Gaming Revenues represents Turnover (also referred to as “Handle”), the total bets processed for the period, less customer winnings paid out, commissions paid to agents, and taxes due to government authorities, while Commission Revenues represents commissions on lotto ticket sales and Service Revenues is revenue invoiced for our ELYS software service and royalties invoiced for the sale of virtual products. Three Months Ended Nine Months Ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Turnover Turnover web-based $ 46,455,077 $ 52,062,617 $ 221,678,726 $ 153,154,375 Turnover land-based 69,454,078 35,807,178 130,471,298 125,314,730 Total Turnover 115,909,155 87,869,795 352,150,024 278,469,105 Winnings/Payouts Winnings web-based 46,114,283 47,299,439 210,234,778 144,605,117 Winnings land-based 62,107,751 31,993,069 113,663,329 106,504,717 Total Winnings/payouts 108,222,034 79,292,508 323,898,107 251,109,834 Gross Gaming Revenues 7,687,121 8,577,287 28,251,917 27,359,271 Less: ADM Gaming Taxes 1,097,725 803,407 3,464,464 2,369,256 Net Gaming Revenues 6,589,396 7,773,880 24,787,453 24,990,015 Add: Commission Revenues 75,199 5,964 137,631 123,117 Add: Service Revenues 91,250 43,442 202,410 126,680 Total Revenues $ 6,755,845 $ 7,823,286 $ 25,127,494 $ 25,239,812

Net Loss per Common Share

Net Loss per Common Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Net Loss per Common Share	19. Net Loss per Common Share Basic loss per share is based on the weighted-average number of common shares outstanding during each period. Diluted loss per share is based on basic shares as determined above, plus the incremental shares that would be issued upon the assumed exercise of “in-the-money” warrants using the treasury stock method and the inclusion of all convertible securities, including convertible debentures, assuming these securities were converted at the beginning of the period or at the time of issuance, if later. The computation of diluted net loss per share does not assume the issuance of common shares that have an anti-dilutive effect on net loss per share. For the three months and nine months ended September 30, 2019 and 2018, the following warrants and convertible debentures were excluded from the computation of diluted loss per share as the result of the computation was anti-dilutive: Description Three and Nine Months ended September 30, 2019 Three and Nine Months ended September 30, 2018 Options 245,313 — Warrants 1,089,474 1,089,474 Convertible debentures 2,541,156 2,856,764 3,875,943 3,946,238

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	19. Income Taxes The Company is incorporated in the United States of America and is subject to United States federal taxation. No provisions for income taxes have been made as the Company had no U.S. taxable income for the nine months ended September 30, 2019 and September 30, 2018. The Company's Italian subsidiaries are governed by the income tax laws of Italy. The corporate tax rate in Italy is 28.82% (IRES at 24% plus IRAP ordinary at 4.82%) on income reported in the statutory financial statements after appropriate tax adjustments. The Company's Austrian subsidiaries are governed by the income tax laws of Austria. The corporate tax rate in Austria is 25% on income reported in the statutory financial statements after appropriate tax adjustments. The Company's Canadian subsidiary is governed by the income tax laws of Canada and the Province of Ontario. The combined Federal and Provincial corporate tax rate in Canada is 26.5% on income reported in the statutory financial statements after appropriate tax adjustments. On December 22, 2017, the President of the United States signed into law Public Law No. 115-97, commonly referred to as the Tax Reform Act, following its passage by the United States Congress. The Tax Act made significant changes to U.S. federal income tax laws, including reduction of the corporate tax rate from 35.0% to 21.0%, limitation of the deduction for net operating losses to 80.0% of current year taxable income and elimination of net operating loss carrybacks, one-time taxation of offshore earning at reduced rates regardless of whether they are repatriated, elimination of U.S. tax on foreign earnings (subject to certain important exceptions), immediate deductions for certain new investments instead of deductions for depreciation expense over time, and modifying or repealing many business deductions. The Company continues to evaluate the accounting for uncertainty in tax positions at the end of each reporting period. The guidance requires companies to recognize in their financial statements the impact of a tax position if the position is more likely than not of being sustained if the position were to be challenged by a taxing authority. The position ascertained inherently requires judgment and estimates by management. The Company has accumulated a net operating loss carry forwards (“NOL”) of approximately $4.0 million as of December 31, 2018 and continues to have losses from operations. As part of the Tax Act, NOL’s generated in 2018 and later are not subject to an expiration period and are available to offset 80% of taxable income in the year in which they are utilized. The federal and state NOL carryforwards generated prior to 2018 will begin to expire in 2026. For the nine months ended September 30, 2019 the Company recorded additional losses and the possibility of future cumulative losses still exists. Accordingly, the Company has continued to maintain a valuation allowance against its net deferred tax assets. Under Italian tax law, the operating loss carryforwards available for offset against future profits can be used indefinitely. Operating loss carryforwards are only available for offset against national income tax, up to the limit of 80% of taxable annual income. This restriction does not apply to the operating loss incurred in the first three years of the Company's activity, which are therefore available for 100% offsetting. Under Austrian tax law, the operating loss carryforwards available for offset against future profits can be used indefinitely. Operating loss carryforwards are only available for offset against national income tax, up to the limit of 75% of taxable annual income. Under Canadian tax law, the operating loss carryforwards available for offset against future profits can be used indefinitely.

Subsequent events

Subsequent events	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent events	20. Subsequent Events Subsequent to the period covered by this report, the principal amount of $100,000 and CDN $1,193,965 (approximately $898,340) of outstanding convertible debentures plus accrued interest was presented to the Company for conversion into approximately 368,992 shares of common stock. Other than disclosed above, the Company has evaluated subsequent events through the date the financial statements were issued and did not identify any other subsequent events that would have required adjustment or disclosure in the financial statements.

Nature of Business (Policies)

Nature of Business (Policies)	9 Months Ended
	Sep. 30, 2019
Nature Of Business
Nature of Business	Nature of Business Established in the state of Delaware in 1998, Newgioco Group, Inc. (“Newgioco Group” or the “Company”) is an international, vertically integrated commercial-stage company engaged in various aspects of the leisure gaming industry. The Company is a licensed gaming operator in the regulated Italian leisure betting market offering gaming services, including a variety of lottery, casino gaming and sports betting products through two distribution channels: an online channel and a land-based retail channel. Additionally, the Company is a global gaming technology company (known as a “Provider”), which owns and operates a betting software designed with a unique “distributed model” (“shop-client”) software architecture colloquially named Elys Game Board (the “Platform”). The Platform is a fully integrated “omni-channel” framework that combines centralized technology updating, servicing and operation with multi-channel functionality to accept all forms of customer payment through the two distribution channels described above. The omni-channel software design is fully integrated with a built-in player gaming account management system and sports book. The Company’s subsidiaries include: Multigioco Srl (“Multigioco”), acquired on August 15, 2014, Rifa Srl (“Rifa”), acquired on January 1, 2015, and Ulisse GmbH (“Ulisse”) and Odissea Betriebsinformatik Beratung GmbH (“Odissea”) which were both acquired on July 1, 2016, Virtual Generation Limited (“VG”) and Naos Holding Limited, acquired on January 30, 2019 and two non-operating subsidiaries Newgioco Group, Inc. based in Canada and Elys Technology Group Limited based in Malta. The Company operates in one line of business that provides certified betting Platform software services to and the operating of leisure betting establishments situated throughout Italy and in 11 other countries. The Company’s operations are carried out through the following three geographically organized groups : a) an operational group is based in Europe and maintains administrative offices headquartered in Rome, Italy with sub offices for operations administration in Naples and Teramo, Italy and Valetta, Malta; b) a technology group which is based in Innsbruck, Austria and manages software development, training and administration; and c) a corporate group which is based in North America and operates out of our principal executive offices in Toronto, Canada and sub offices in Fort Lauderdale and Boca Raton, Florida a through which we carry-out corporate activities, handle day-to-day reporting and U.S. development planning, and through which various independent contractors and vendors are engaged.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2019. The balance sheet at December 31, 2018 has been derived from the Company’s audited consolidated financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. For further information, please refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2018, as filed with the U.S. Securities and Exchange Commission (“SEC”). All amounts referred to in the Notes to the unaudited condensed consolidated financial statements are in United States Dollars ($) unless stated otherwise.
Basis of Consolidation	Basis of Consolidation The unaudited condensed consolidated financial statements include the financial statements of the Company and its subsidiaries in which it has at least a majority voting interest. All significant inter-company accounts and transactions have been eliminated in the unaudited condensed consolidated financial statements. The entities included in these unaudited condensed consolidated financial statements are as follows: Company Country of Incorporation Percentage owned % Newgioco Group, Inc. United States – Delaware Parent Newgioco Group, Inc (Canada) Canada 100 Ulisse GmbH Austria 100 Odissea Betriebsinformatik Beratung GMBH Austria 100 Multigioco Srl. Italy 100 Rifa Srl. Italy 100 Virtual Generation Limited Malta 100 Naos Holding Limited Malta 100 Elys Technology Group Limited Malta 100
Currency Translation	Currency Translation The Company's subsidiaries operate in Europe with a functional currency of Euro and in Canada with a functional currency of Canadian dollars. In the consolidated financial statements, revenue and expense accounts are translated at the average rates during the period, assets and liabilities are translated at period-end rates and equity accounts are translated at historical rates. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders' equity. Gains and losses from foreign currency transactions are recognized in current operations.
Use of Estimates	Use of Estimates The preparation of the unaudited financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. These estimates and assumptions include valuing equity securities issued in share-based payment arrangements, determining the fair value of assets acquired, allocation of purchase price, impairment of long-lived assets, the collectability of receivables and the value of deferred taxes and related valuation allowances. Certain estimates, including evaluating the collectability of receivables and advances, could be affected by external conditions, including those unique to our industry and general economic conditions. It is possible that these external factors could have an effect on our estimates that could cause actual results to differ from our estimates. We re-evaluate all of our accounting estimates at least quarterly based on these conditions and record adjustments when necessary.
Loss Contingencies	Loss Contingencies The Company may be subject to claims, suits, government investigations, and other proceedings involving competition and antitrust, intellectual property, privacy, indirect taxes, labor and employment, commercial disputes, content generated by our users, goods and services offered by advertisers or publishers using our website platforms, and other matters. Certain of these matters include speculative claims for substantial or indeterminate amounts of damages. The Company records a liability when we believe that it is both probable that a loss has been incurred, and the amount can be reasonably estimated. If we determine that a loss is possible, and a range of the loss can be reasonably estimated, we disclose the range of the possible loss in the Notes to the Consolidated Financial Statements. The Company evaluates, on a monthly basis, developments in our legal matters that could affect the amount of liability that has been previously accrued, and the matters and related ranges of possible losses disclosed and make adjustments and changes to our disclosures as appropriate. Significant judgment is required to determine both likelihood of there being and the estimated amount of a loss related to such matters. Until the final resolution of such matters, there may be an exposure to loss in excess of the amount recorded, and such amounts could be material. Should any of our estimates and assumptions change or prove to have been incorrect, it could have a material impact on our business, consolidated financial position, results of operations, or cash flows. To date, none of these types of litigation matters, most of which are typically covered by insurance, has had a material impact on our operations or financial condition. The Company has insured and continue to insure against most of these types of claims.
Derivative Financial Instruments	Derivative Financial Instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including convertible debentures and stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income. For option-based simple derivative financial instruments, the Company uses the Black-Scholes option-pricing model to value the derivative instruments at inception and subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period. As a result of the adoption of ASU 2017-11 in the third quarter of 2018, the Company has no derivative financials instruments classified as a liability at September 30, 2019 and December 31, 2018.
Business Combinations	Business Combinations The Company allocates the fair value of purchase consideration to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require management to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not limited to, future expected cash flows from acquired users, acquired technology, and trade names from a market participant perspective, useful lives and discount rates. Management's estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates.
Fair Value Measurements	Fair Value Measurements ASC Topic 820, Fair Value Measurement and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. This topic also establishes a fair value hierarchy which requires classification based on observable and unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use. The carrying value of the Company's short-term investments, prepaid expenses, accounts receivables, other current assets, accounts payable and accrued liabilities, gaming account balance, and advances from shareholder approximate fair value because of the short-term maturity of these financial instruments.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid debt instruments with maturities of three months or less at the time acquired to be cash equivalents. The Company had no cash equivalents as of September 30, 2019 and December 31, 2018. The Company primarily places cash with high-credit quality financial institutions located in the United States which are insured by the Federal Deposit Insurance Corporation up to a limit of $250,000 per institution, in Canada which are insured by the Canadian Deposit Insurance Corporation up to a limit of CDN$100,000 per institution, in Italy which is insured by the Italian deposit guarantee fund Fondo Interbancario di Tutela dei Depositi (FITD) up to a limit of €100,000 per institution, and in Germany which is a member of the Deposit Protection Fund of the Association of German Banks (Einlagensicherungsfonds des Bundesverbandes deutscher Banken) up to a limit of €100,000 per institution.
Gaming Accounts Receivable	Gaming Accounts Receivable Gaming accounts receivable represent gaming deposits made by customers to their online gaming accounts either directly by credit card, bank wire, e-wallet or other accepted method through one of our websites or indirectly by cash collected at the cashier of a betting shop but not yet credited to the Company’s bank accounts and subject to normal trade collection terms without discounts. The Company periodically evaluates the collectability of its gaming accounts receivable and considers the need to record or adjust an allowance for doubtful accounts based upon historical collection experience and specific customer information. Actual amounts could vary from the recorded estimates. The Company does not require collateral to support customer receivables. The Company recorded bad debt expense $0 and $0 for the three months ended September 30, 2019 and 2018, respectively, and $0 and $0 for the nine months ended September 30, 2019 and 2018, respectively. All balances previously recorded as allowance for doubtful accounts were written off as uncollectible.
Gaming Accounts Payable	Gaming Accounts Payable Gaming accounts payable represent customer balances, including winnings and deposits, that are held as credits in online gaming accounts and have not as of yet been used or withdrawn by the customers. Customers can request payment from the Company at any time and the payment to customers can be made through bank wire, credit card, or cash disbursement from one of our locations. Online gaming account credit balances are non-interest bearing.
Long-Lived Assets	Long-Lived Assets The Company evaluates the carrying value of our long-lived assets for impairment by comparing the expected undiscounted future cash flows of the assets to the net book value of the assets when events or circumstances indicate that the carrying amount of a long-lived asset may not be recoverable. If the expected undiscounted future cash flows are less than the net book value of the assets, the excess of the net book value over the estimated fair value will be charged to earnings. Fair value is based upon discounted cash flows of the assets at a rate deemed reasonable for the type of asset and prevailing market conditions, appraisals, and, if appropriate, current estimated net sales proceeds from pending offers.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at acquisition cost less accumulated depreciation and adjustments for impairment losses. Expenditures are capitalized only when they increase the future economic benefits embodied in an item of property, plant and equipment. All other expenditures are recognized as expenses in the statement of income as incurred. Depreciation is charged on a straight-line basis over the estimated remaining useful lives of the individual assets. Amortization commences from the time an asset is put into operation. The range of the estimated useful lives is as follows: Description Useful Life (in years) Office equipment 5 Office furniture 8 1/3 Signs and displays 5
Intangible Assets	Intangible Assets Intangible assets are stated at acquisition cost less accumulated amortization, if applicable, less any adjustments for impairment losses. Amortization is charged on a straight-line basis over the estimated remaining useful lives of the individual intangibles. Where intangibles are deemed to be impaired the Company recognizes an impairment loss measured as the difference between the estimated fair value of the intangible and its book value. The range of the estimated useful lives is as follows: Description Useful Life (in years) Betting Platform Software 15 Ulisse Bookmaker License — Multigioco and Rifa ADM Licenses 1.5 - 7 VG Licenses — Location contracts 5 - 7 Customer relationships 10 - 15 Trademarks/names 14 Websites 5 The Ulisse Bookmaker License and the VG Licenses have no expiration date and are therefore not amortized.
Goodwill	Goodwill The Company allocates the fair value of purchase consideration to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require management to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not limited to, future expected cash flows from acquired users, acquired technology, and trade names from a market participant perspective, useful lives and discount rates. Management's estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates.
Income Taxes	Income Taxes The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740-10-30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented. The Company has elected to include interest and penalties related to uncertain tax positions, if determined, as a component of income tax expense. In Italy, tax years beginning 2015 forward, are open and subject to examination, while in Austria companies are open and subject to inspection for five years and ten years for inspection of serious infractions. In the United States and Canada, tax years beginning 2015 forward, are subject to examination. The Company is not currently under examination and it has not been notified of a pending examination.
Revenue Recognition	Revenue Recognition In May 2014, the FASB issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606),” which requires revenue to be recognized when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. The Company adopted ASC Topic 606 on January 1, 2018 and has determined that the standard does not have a material impact on the nature and timing of revenues recognized. The Company recognizes revenue when control of its products and services is transferred to its customers in an amount that reflects the consideration the Company expects to receive from its customers in exchange for those products and services. Revenues from sports-betting, casino, cash and skill games, slots, bingo and horse race wagers represent the gross pay-ins (also referred to as turnover) from customers less gaming taxes and payouts to customers. Revenues are recorded when the game is closed which is representative of the point in time at which the Company has satisfied its performance obligation. In addition, the Company receives commissions from the sale of scratch tickets and other lottery games. Commissions are recorded when the ticket for scratch off tickets and lottery tickets are sold. Revenues from the Platform include license fees, training, installation, and product support services. Revenue is recognized when transfer of control to the customer has been made and the Company’s performance obligation has been fulfilled. License fees are calculated as a percentage of each licensee’s level of activity and are contingent upon the licensee’s usage. The license fees are recognized on an accrual basis as earned.
Stock Based Compensation	Stock-Based Compensation The Company records its compensation expense associated with stock options and other forms of equity compensation based on their fair value at the date of grant using the Black-Scholes option pricing model. Stock-based compensation includes amortization related to stock option awards based on the estimated grant date fair value. Stock-based compensation expense related to stock options is recognized ratably over the vesting period of the option. In addition, the Company records expense related to Restricted Stock Units (“RSU’s”) granted based on the fair value of those awards on the grant date. The fair value related to the RSUs is amortized to expense over the vesting term of those awards. Forfeitures of stock options and RSUs are recognized as they occur. Stock-based compensation expense for a stock-based award with a performance condition is recognized when the achievement of such performance condition is determined to be probable. If the outcome of such performance condition is not determined to be probable or is not met, no compensation expense is recognized and any previously recognized compensation expense is reversed.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources, including foreign currency translation adjustments and unrealized gains and losses on marketable securities. The Company adopted FASB ASC 220-10-45, “Reporting Comprehensive Income”. ASC 220-10-45 establishes standards for reporting and presentation of comprehensive income and its components in a full set of financial statements. Comprehensive income consists of net income and unrealized gains (losses) on available for sale marketable securities and; foreign currency translation adjustments.
Earnings Per Share	Earnings Per Share Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 260, “Earnings Per Share” provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income (loss) available to common shareholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflects the potential dilution of securities that could share in the earnings of an entity and include warrants granted and convertible debentures.
Related Parties	Related Parties Parties are considered to be related to the Company if the parties directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions. All transactions are recorded at fair value of the goods or services exchanged.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. The purpose of this updated guidance is to improve the effectiveness and disclosures in the Notes to the financial statements. The ASU removes the requirement to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy; removes the policy for timing of transfers between levels; and removes the disclosure related to the valuation process for Level 3 fair value measurements. The ASU also modifies existing disclosure requirements which relate to the disclosure for investments in certain entities which calculate net asset value and clarifies the disclosure about uncertainty in the measurements as of the reporting date. For all entities, the effective date for this guidance is fiscal years beginning after December 15, 2019, including interim periods within the reporting period, with early adoption permitted. Entities are also allowed to elect early adoption of the eliminated or modified disclosure requirements and delay adoption of the new disclosure requirements until their effective date. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The main objective of this guidance is to simplify the accounting for goodwill impairment by requiring that impairment charges be based upon the first step in the current two-step impairment test under ASC 350. Currently, if the fair value of a reporting unit is lower than its carrying amount (Step 1), an entity calculates any impairment charge by comparing the implied fair value of goodwill with its carrying amount (Step 2). The implied fair value of goodwill is calculated by deducting the fair value of all assets and liabilities of the reporting unit from the reporting unit’s fair value as determined in Step 1. To determine the implied fair value of goodwill, entities estimate the fair value of any unrecognized intangible assets and any corporate-level assets or liabilities that were included in the determination of the carrying amount and fair value of the reporting unit in Step 1. Under this guidance, if a reporting unit’s carrying amount exceeds its fair value, an entity will record an impairment charge based on that difference. The impairment charge will be limited to the amount of goodwill allocated to that reporting unit. This guidance eliminates the requirement to calculate a goodwill impairment charge using Step 2. This guidance does not change the guidance on completing Step 1 of the goodwill impairment test. Under this guidance, an entity will still be able to perform the current optional qualitative goodwill impairment assessment before determining whether to proceed to Step 1. The guidance in the ASU will be applied prospectively and is effective for the Company for annual and interim impairment tests performed in periods beginning after December 15, 2019. The Company does not expect the adoption of this ASU to have a significant impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires that a lessee recognize the assets and liabilities that arise from operating leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right of use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. Public business entities should apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted for all public business entities and all nonpublic business entities upon issuance. The Company has reviewed all recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on our consolidated results of operations, financial position, and cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on current or future earnings or operations.
Comparatives	Comparatives Certain items in prior periods were reclassified to conform to the current period presentation. These reclassifications had no impact on net loss or comprehensive loss.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Property, plant and equipment useful life	Description Useful Life (in years) Office equipment 5 Office furniture 8 1/3 Signs and displays 5
Intangible assets useful life	Description Useful Life (in years) Betting Platform Software 15 Ulisse Bookmaker License — Multigioco and Rifa ADM Licenses 1.5 - 7 VG Licenses — Location contracts 5 - 7 Customer relationships 10 - 15 Trademarks/names 14 Websites 5

Restatement of prior period r_2

Restatement of prior period results (Tables)	9 Months Ended
	Sep. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Restatement of prior period results	As Previously Reported Prior year adjustment Lease adjustments Acquisition of Virtual Generation Other Adjustments As Restated Current Assets Cash and cash equivalents $ 4,910,994 $ — $ — $ — $ — $ 4,910,994 Accounts receivable 104,731 — — — — 104,731 Gaming accounts receivable 1,446,058 — — — — 1,446,058 Prepaid expenses 197,953 — — — — 197,953 Related party receivable 849 — — — — 849 Other current assets 182,864 — — — — 182,864 Total Current Assets 6,843,449 — — — — 6,843,449 Non-Current Assets Restricted cash 1,404,978 — — — — 1,404,978 Property, plant and equipment 324,227 121,248 39,108 — (10,430 ) 474,153 Right-of-use assets — — 699,250 — — 699,250 Intangible assets 16,132,375 (55,477 ) (177,982 ) 128,156 16,027,072 Goodwill 266,920 — — 1,401,608 (5,093 ) 1,663,435 Other assets 10,907 — — — — 10,907 Investment in non-consolidated entities 375,000 — — — — 375,000 Total Non-Current Assets 18,514,407 65,771 738,358 1,223,626 112,633 20,654,795 Total Assets $ 25,357,856 $ 65,771 $ 738,358 $ 1,223,626 $ 112,633 $ 27,498,244 Current Liabilities Line of credit - bank $ 1,000,000 $ — $ — $ — $ — $ 1,000,000 Accounts payable and accrued liabilities 4,080,575 — 31,678 — — 4,112,253 Gaming accounts balances 2,578,116 — — — — 2,578,116 Taxes payable 645,591 — — — — 645,591 Advances from stockholders 8,019 — — — — 8,019 Convertible Debt, net of discount of $1,755,287 6,376,410 — — — — 6,376,410 Notes payable, net of discount of $120,853 1,397,815 — — — — 1,397,815 Notes payable – related party, net of discount of $80,569 984,811 — — — — 984,811 Bank loan payable – current portion 119,195 — — — — 119,195 Operating lease liability — — 47,068 — — 47,068 Financial lease liability — — 3,002 — — 3,002 Total Current Liabilities 17,190,532 — 81,748 — — 17,272,280 Non-current liabilities Deferred tax liability — — — 1,339,314 — 1,339,314 Notes payable, net of discount of $27,506 244,728 — — — — 244,728 Notes payable – related party, net of discount of $18,338 163,152 — — — — 163,152 Bank loan payable 124,670 — — — — 124,670 Operating lease liability — — 621,695 — — 621,695 Financial lease liability — — 36,843 — — 36,843 Other long-term liabilities 204,100 — — — — 204,100 Total Non-Current Liabilities 736,650 — 658,538 1,339,314 — 2,734,502 Total Liabilities 17,927,182 — 740,286 1,339,314 — 20,006,782 Stockholders' Equity Preferred stock, $0.0001 par value; 5,000,000 shares authorized, none issued — — — — — — Common Stock, $0.0001 par value, 80,000,000 shares authorized; 10,514,610 shares issued and outstanding as of September 30, 2019* 8,412 — — — (7,360 ) 1,052 Additional paid-in capital* 27,213,399 — — — 289,461 27,502,860 Accumulated other comprehensive income (1,382,160 ) 1,023,907 (1,618 ) — (23,998 ) (383,869 ) Accumulated deficit (18,408,977 ) (958,136 ) (310 ) (115,688 ) (145,470 ) (19,628,581 ) Total Stockholders' Equity 7,430,674 65,771 (1,928 ) (115.688 ) 112,633 7,491,462 Total Liabilities and Stockholders’ Equity $ 25,357,856 $ 65,771 $ 738,358 $ 1,223,626 $ 112,633 $ 27,498,244 * Adjusted for a 1 for 8 reverse stock split effective December 12, 2019. The reconciliation of the consolidated statement of operations and comprehensive loss for the three months ended September 30, 2019 is as follows: As Previously Reported Lease adjustments Acquisition of Virtual Generation Other Adjustments As Restated Revenue $ 6,755,845 $ - $ - $ - 6,755,845 Costs and Expenses Selling expenses 3,156,446 - - (258,159 ) 2,898,287 General and administrative expenses 3,259,195 (235 ) 66,743 105,294 3,430,997 Total Costs and Expenses 6,415,641 (235 ) 66,743 (152,865 ) 6,329,284 Income from Operations 340,204 235 (66,743 ) 152,865 426,561 Other (Expenses) Income Other income 32,864 - - - 32,864 Interest expense, net of interest income (1,092,887 ) (372 ) - - (1,093,259 ) Gain on settlement of liabilities 282,101 - - (282,101 ) - Gain on marketable securities 125,000 - - - 125,000 Total Other (Expenses) Income (652,922 ) (372 - (282,101 ) (935,395 ) Loss Before Income Taxes (312,718 ) (137 ) (66,743 ) (129,236 ) (508,834 ) Income tax provision (283,905 ) - 23,360 - (260,545 ) Net Loss (596,623 ) (137 ) (43,383 ) (129,236 ) (769,379 ) Other Comprehensive Loss Foreign currency translation adjustment (212,009 ) - - (53,222 ) (265,231 ) Comprehensive Loss $ (808,632 ) $ (137 ) $ (43,383 ) $ (182,458 ) $ (1,034,610 ) Loss per common share – basic and diluted* $ (0.01 ) $ (0.01 ) Weighted average number of common shares outstanding – basic and diluted* 10,241,996 10,241,996 * Adjusted for a 1 for 8 reverse stock split effective December 12, 2019. The reconciliation of the consolidated statement of operations and comprehensive loss for the nine months ended September 30, 2019 is as follows: As Previously Reported Lease adjustments Acquisition of Virtual Generation Other Adjustments As Restated Revenue $ 25,127,494 $ — $ — $ — $ 25,127,494 Costs and Expenses Selling expenses 17,602,950 — — (1,028,184 ) 16,574,766 General and administrative expenses 8,919,962 (761 ) 177,982 891,553 9,988,736 Total Costs and Expenses 26,522,912 (761 ) 177,982 (136,631 ) 26,563,502 Loss from Operations (1,395,418 ) 761 (177,982 ) 136,631 (1,436,008 ) Other (Expenses) Income Other income 40,589 — — — 40,589 Interest expense, net of interest income (3,613,543 ) (1,071 ) — — (3,614,614 ) Gain on marketable securities 100,000 — — — 100,000 Loss on settlement of liabilities 246,158 — — (282,101 ) (35,943 ) Total Other (Expenses) Income (3,226,796 ) (1,071 ) — (282,101 ) (3,509,968 ) Loss Before Income Taxes (4,622,214 ) (310 ) (177,982 ) (145,470 ) (4,945,976 ) Income tax provision (777,869 ) — 62,294 — (715,575 ) Net Loss (5,400,083 ) (310 ) (115,688 ) (145,470 ) (5,661,551 ) Other Comprehensive Loss Foreign currency translation adjustment (300,822 ) (1,618 ) — (23,998 ) (326,438 ) Comprehensive Loss $ (5,700,905 ) $ (1,928 ) $ (115,688 ) $ (169,468 ) $ (5,987,989 ) Loss per common share – basic and diluted* $ (0.57 ) $ (0.60 ) Weighted average number of common shares outstanding – basic and diluted* 9,925,380 9,925,380 * Adjusted for a 1 for 8 reverse stock split effective December 12, 2019. The reconciliation of the consolidated statement of operations and comprehensive loss for the three months ended September 30, 2018 is as follows: As Previously Reported Depreciation and amortization adjustments Foreign Exchange adjustments Other Adjustments As Restated Revenue $ 7,823,286 $ — $ — $ — $ 7,823,286 Costs and Expenses Selling expenses 5,314,436 — — — 5,314,436 General and administrative expenses 2,897,835 117,648 27,880 — 3,043,363 Total Costs and Expenses 8,212,271 117,648 27,880 — 8,357,799 Loss from Operations (388,985 ) (117,648 ) (27,880 ) — (534,513 ) Other (Expenses) Income Interest expense, net of interest income (329,618 ) — — — (329,618 ) Loss on marketable securities (2,500 ) — — — (2,500 ) Total Other (Expenses) Income (332,118 ) — — — (332,118 ) Loss Before Income Taxes (721,103 ) (117,648 ) (27,880 ) — (866,631 ) Income tax provision (83,356 ) — — — (83,356 ) Net Loss (804,459 ) (117,648 ) (27,880 ) — (949,987 ) Other Comprehensive Loss Foreign currency translation adjustment (490,914 ) 133,446 27,880 — (329,588 ) Comprehensive Loss $ (1,295,373 ) $ 15,798 $ — $ — $ (1,279,575 ) Loss per common share – basic and diluted* $ (0.14 ) $ (0.14 ) Weighted average number of common shares outstanding – basic and diluted* 9,317,537 9,317,537 The reconciliation of the consolidated statement of operations and comprehensive loss for the nine months ended September 30, 2018 is as follows: As Previously Reported Depreciation and amortization adjustments Foreign Exchange adjustments Other Adjustments As Restated Revenue $ 25,239,812 $ — $ — $ — $ 25,239,812 Costs and Expenses Selling expenses 17,218,036 — — — 17,218,036 General and administrative expenses 7,013,563 352,943 83,645 331 7,450,482 Total Costs and Expenses 24,231,599 352,943 83,645 331 24,668,518 Income from Operations 1,008,213 (352,943 ) (83,645 ) (331 ) 571,294 Interest expense, net of interest income (1,592,127 ) — — — (1,592,127 ) Imputed interest on related party advances (761 ) — — — (761 ) Gain on litigation settlement 516,120 — — — 516,120 Loss on debt modification (212,270 ) — — — (212,270 ) Loss on marketable securities (157,500 ) — — — (157,500 ) Total Other (Expenses) Income (1,446,538 ) — — — (1,446,538 ) Loss Before Income Taxes (438,325 ) (352,943 ) (83,645 ) (331 ) 875,244 ) Income tax provision (840,798 ) — — — (840,798 ) Net Loss (1,279,123 ) (352,943 ) (83,645 ) (331 ) (1,716,042 ) Other Comprehensive Loss Foreign currency translation adjustment (653,788 ) 401,333 83,645 — (168,810 ) Comprehensive Loss $ (1,932,911 ) $ 48,390 $ — $ (331 ) $ (1,884,852 ) Loss per common share – basic and diluted* $ (0.21 ) $ (0.20 ) Weighted average number of common shares outstanding – basic and diluted* 9,397,252 9,397,252 * Adjusted for a 1 for 8 reverse stock split effective December 12, 2019. The reconciliation of the consolidated statement of cash flows for the nine months ended September 30, 2019 is as follows: As Previously Reported Lease adjustments Acquisition of Virtual Generation Other Adjustments and reclassifications As Restated Cash Flows from Operating Activities Net loss $ (5,400,083 ) $ (310 ) $ (115,688 ) $ (145,470 ) $ (5,661,551 ) Adjustments to reconcile net loss to net cash generated by operating activities Depreciation and amortization 485,351 8,764 177,982 15,310 687,407 Amortization of deferred costs 2,974,439 — — — 2,974,439 Stock based compensation charge 88,960 — — — 88,960 Non-cash interest 598,656 — — — 598,656 Gain on settlement of liabilities (190,610 ) — — 190,610 — Loss on debt conversions (46,426 ) — — 91,492 45,066 Unrealized gain on trading securities (100,000 ) — — — (100,000 ) Deferred taxation movements — — (62,294 ) — (62,294 ) Changes in Operating Assets and Liabilities Prepaid expenses (69,957 ) — — — (69,957 ) Accounts payable and accrued liabilities 643,411 — — — 643,411 Accounts receivable (50,218 ) — — (50,218 ) Gaming accounts receivable (487,330 ) — — — (487,330 ) Gaming accounts liabilities 1,626,021 — — — 1,626,021 Taxes payable (372,275 ) — — — (372,275 ) Other current assets (101,594 ) — — — (101,594 ) Other assets (11,239 ) — — — (11,239 ) Long term liability (387,523 ) — — — (387,523 ) Net Cash used in operating Activities (800,417 ) 8,454 — 151,942 (640,021 ) Cash Flows from Investing Activities Acquisition of property, plant, and equipment, and intangible assets (114,821 ) (15,043 ) — — (129,864 ) Decrease in restricted cash 133,197 — — (133,197 ) — Acquisition of Virtual Generation, net of cash of $47,268 46,435 — (263,418 ) — (216,983 ) Net Cash Used in Investing Activities 64,811 (15,043 ) (263,418 ) (133,197 ) (346,847 ) Cash Flows from Financing Activities Proceeds from bank credit line, net 250,000 — — — 250,000 Repayment of bank loan (88,567 ) — — — (88,567 ) Repayment of deferred purchase consideration – non-related parties (213,317 ) — 105,367 — (107,950 ) Repayment of deferred purchase consideration – related parties (399,901 ) — 158,051 — (241,850 ) Movement in financial leases — 6,589 — — 6,589 Advance to related party (11,975 ) — — — (11,975 ) Advances from stockholders 14,227 — — — 14,227 Net Cash Used in Financing Activities (449,533 ) 6,589 263,418 — (179,526 ) Effect of change in exchange rate (193,770 ) — — (174,306 ) (368,076 ) Net decrease in cash (1,378,909 ) — — (155,561 ) (1,534,470 ) Cash, cash equivalents and restricted cash – beginning of the period 6,289,903 — — 1,560,539 7,850,442 Cash, cash equivalents and restricted cash – end of the period $ 4,910,994 $ — $ — $ 1,404,978 $ 6,315,972 Reconciliation of cash, cash equivalents and restricted cash within the balance sheet to the statement of cash flows Cash and cash equivalents $ 4,910,994 $ — $ — $ — $ 4,910,994 Restricted cash — — — 1,404,978 1,404,978 $ 4,910,994 $ — $ — $ 1,404,978 $ 6,315,972 The reconciliation of the consolidated statement of cash flows for the nine months ended September 30, 2018 is as follows: As Previously Reported Depreciation amortization adjustments Foreign Exchange adjustments Other Adjustments and reclassifications As Restated Cash Flows from Operating Activities Net Loss $ (1,279,123 ) $ (352,943 ) $ (83,645 ) $ (331 ) $ (1,716,042 ) Adjustments to reconcile net loss to net cash provided by operating activities Depreciation and amortization 500,391 156,594 — — 656,985 Amortization of deferred costs 58,188 — — — 58,188 Non-cash interest 1,193,434 — — — 1,193,434 Loss on debt modification 217,140 — — — 217,140 Imputed interest on advances from stockholders 1,514 — — — 1,514 Unrealized loss on trading securities 157,500 — — — 157,500 Recovery of assets (516,120 ) — — — (516,120 ) Bad debt expense 6,354 — — — 6,354 Changes in Operating Assets and Liabilities Prepaid expenses (180,651 ) — — — (180,651 ) Accounts payable and accrued liabilities 1,776,266 — — 331 1,776,597 Accounts receivable 98,823 — — — 98,823 Gaming accounts receivable (108,033 ) — — — (108,033 ) Gaming accounts liabilities (242,907 ) — — — (242,907 ) Taxes payable (547,618 ) — — — (547,618 ) Other current assets (94,764 ) — — — (94,764 ) Long term liability 72,480 — — — 72,480 Net Cash Provided by operating Activities 1,112,874 (196,349 ) (83,645 ) — 832,880 Cash Flows from Investing Activities Acquisition of property, plant, and equipment, and intangible assets (4,487,456 ) (203,068 ) — — (4,690,524 ) Decrease in restricted cash (980,427 ) — — 980,427 — Net Cash Used in Investing Activities (5,467,883 ) (203,068 ) — 980,427 (4,690,524 ) Cash Flows from Financing Activities Proceeds from bank credit line 500,000 — — — 500,000 Repayment of bank credit line, net (177,060 ) — — — (177,060 ) Repayment of bank loan (93,532 ) — — — (93,532 ) Proceeds from debentures and convertible notes, net of repayment 6,883,906 — — — 6,883,906 Loan to related party (190,509 ) — — — (190,509 ) Purchase of treasury stock (2,261,307 ) — — — (2,261,307 ) Repayment to stockholders, net of advances (406,142 ) — — — (406,142 ) Net Cash Provided by Financing Activities 4,255,356 — — — 4,255,356 Effect of change in exchange rate (561,516 ) 399,417 83,645 — (78,454 ) Net increase in cash (661,169 ) — — 980,427 319,258 Cash, cash equivalents and restricted cash – beginning of the period 6,469,858 — — 587,905 7,057,763 Cash, cash equivalents and restricted cash – end of the period $ 5,808,689 $ — $ — $ 1,568,332 $ 7,377,021 Reconciliation of cash, cash equivalents and restricted cash within the balance sheet to the statement of cash flows Cash and cash equivalents $ 5,808,689 $ — $ — $ — $ 5,808,689 Restricted cash — — — 1,568,332 1,568,332 $ 5,808,689 $ — $ — $ 1,568,332 $ 7,377,021

Reclassification (Tables)

Reclassification (Tables)	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Adoption ASU 2017-11	Convertible Debentures Derivative Liability Additional Paid-in Capital Accumulated Deficit Balance as of January 1, 2018 $ 1,148,107 $ 222,915 $ 14,254,582 $ (9,897,620 ) Reclassified derivative liabilities and cumulative effect of adoption — (222,915 ) 287,881 (64,966 ) Balance as of January 1, 2018, restated $ 1,148,107 $ — $ 14,542,463 $ (9,962,586 )

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Purchase Price - Acquisitions	Cash $ 47,268 Current assets 178,181 Property, Plant and Equipment 41,473 Betting Platform 4,004,594 4,271,516 Less: liabilities assumed (78,141 ) Less: Imputed Deferred taxation on identifiable intangible assets acquired (1,401,608 ) Total identifiable assets less liabilities assumed 2,791,767 Goodwill arising on acquisition 1,401,608 Total purchase price $ 4,193,375

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Maturity of Lease Liabilities	Amount 2019 $ 52,844 2020 190,576 2021 184,102 2022 155,055 2023 103,990 2024 and beyond 29,098 Total undiscounted minimum future lease payments 715,665 Imputed interest (46,902 ) Total operating lease liability $ 668,763 Disclosed as: Current portion $ 47,068 Non-Current portion 621,695 $ 668,763
Right of use assets	Right of use assets are included in the consolidated balance sheet are as follows: September 30, 2019 Non-Current assets Right-of-use assets - operating leases, net of amortization $ 699,250 Right-of-use assets – finance leases, net of amortization (included in plant and equipment) $ 39,108 Lease costs consists of the following: Nine months ended September 30, 2019 Finance lease cost: $ — Amortization of right-of-use assets 8,764 Interest expense on lease liabilities 1,070 9,834 Operating lease cost 154,797 Total lease cost $ 164,631 Other lease information: Nine months ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from finance leases $ (1,070 ) Operating cash flows from operating leases (154,797 ) Financing cash flows from finance leases (8,341 ) Right-of-use assets obtained in exchange for new finance leases 15,043 Right-of-use assets disposed of under operating leases prior to lease maturity (32,337 ) Weighted average remaining lease term – finance leases 3.67 years Weighted average remaining lease term – operating leases 3.61 years Weighted average discount rate – finance leases 3.50 % Weighted average discount rate – operating leases 3.53 %
Finance lease liability	Amount 2019 $ 3,631 2020 13,223 2021 10,116 2022 8,439 2023 6,762 2024 784 Total undiscounted minimum future lease payments 42,955 Imputed interest (3,110 ) Total finance lease liability $ 39,845 Disclosed as: Current portion $ 3,002 Non-Current portion 36,843 $ 39,845
Operating lease liability	Amount 2019 $ 52,844 2020 190,576 2021 184,102 2022 155,055 2023 103,990 2024 and beyond 29,098 Total undiscounted minimum future lease payments 715,665 Imputed interest (46,902 ) Total operating lease liability $ 668,763 Disclosed as: Current portion $ 47,068 Non-Current portion 621,695 $ 668,763

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangibles	September 30, 2019 December 31, 2018 Betting Platform Software $ 1,685,371 $ 1,685,371 Ulisse Bookmaker License 9,727,914 9,727,914 Multigioco and Rifa ADM Licenses 962,903 961,756 VG Licenses 4,004,594 — Location contracts 1,000,000 1,000,000 Customer relationships 870,927 870,927 Trademarks/names 110,000 110,000 Websites 40,000 40,000 18,401,709 14,395,968 Accumulated amortization (2,374,637 ) (1,867,986 ) Balance $ 16,027,072 $ 12,527,982

Related party (Tables)

Related party (Tables)	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related party	September 30, 2019 December 31, 2018 Gold Street Capital Corp. $ 8,019 $ 39,237
Related party debt	Description September 30, 2019 Principal Outstanding Opening balance $ 318,078 Promissory note due to non-related parties 1,830,541 Settled by the issuance of common shares (618,982 ) Repayment in cash (213,353 ) Foreign exchange movements (69,414 ) 1,246,870 Accrued Interest Opening balance 113,553 Interest expense 25,830 Settled by the issuance of common shares (139,383 ) - Present value discount on future payments Present value discount (161,393 ) Amortization 56,604 Foreign exchange movements 5,882 (98,907 ) Notes payable – Related Party, net $ 1,147,963 Disclosed as follows: Current liability $ 984,811 Long term liability 163,152 Notes payable – Related Party, net $ 1,147,963

Convertible Debt (Tables)

Convertible Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Convertible Debt [Abstract]
Debentures outstanding	Description September 30, 2019 Principal Outstanding Opening balance $ 8,529,021 Conversion to equity (1,516,169 ) Foreign exchange movements 140,594 7,153,446 Accrued Interest Opening balance 528,141 Interest expense 572,826 Conversion to equity (126,443 ) Foreign exchange movements 3,727 978,251 Debenture Discount Opening balance (4,588,215 ) Amortization 2,832,928 (1,755,287 ) Convertible Debentures, net $ 6,376,410

Notes Payable (Tables)

Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Note Payable	Description September 30, 2019 Principal Outstanding Promissory note due to non-related parties $ 2,745,811 Settled by the issuance of common shares (451,356 ) Repayment in cash (399,865 ) Foreign exchange movements (103,687 ) 1,790,903 Present value discount on future payments Present value discount (242,089 ) Amortization 84,906 Foreign exchange movements 8,823 (148,360 ) Notes payable, net $ 1,642,543 Disclosed as follows: Current liability $ 1,397,815 Long term liability 244,728 Notes payable, net $ 1,642,543

Warrants (Tables)

Warrants (Tables)	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Summary of warrants	Number of shares Exercise price per share Weighted average exercise price Outstanding January 1, 2018 612,528 $ 0.54 $ 0.54 Granted 8,767,064 0.50 0.50 Forfeited/cancelled (216,000 ) 0.63 (0.63 ) Exercised (326,088 ) 0.58 0.58 Expired (124,440 ) 0.58 0.58 Outstanding December 31, 2018 8,713,064 $ 0.50 0.50 Granted — — — Forfeited/cancelled — — — Exercised — — — Outstanding September 30, 2019 8,713,064 $ 0.50 $ 0.50 Warrants outstanding Warrants exercisable Exercise price Number of shares Weighted average remaining years Weighted average exercise price Number of shares Weighted average exercise price $ 0.50 8,713,064 0.90 $ 0.50 8,713,064 $ 0.50
Warrants outstanding	Warrants outstanding Warrants exercisable Exercise price Number of shares Weighted average remaining years Weighted average exercise price Number of shares Weighted average exercise price $ 0.50 8,713,064 0.90 $ 0.50 8,713,064 $ 0.50

Stock Options (Tables)

Stock Options (Tables)	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Assumptions	Nine months ended September 30, 2019 Exercise price $ 2.72 to 2.96 Risk free interest rate 1.50 to 2.04 % Expected life of options 7 to 10 years Expected volatility of underlying stock 237.4 to 247.9 % Expected dividend rate 0 %
Stock option activity	Number of shares Exercise price per share Weighted average exercise price Granted 245,313 $2.72 to $2.96 $ 2.86 Forfeited/cancelled — — — Exercised — — — Outstanding September 30, 2019 245,313 $2.72 to $2.96 $ 2.86
Stock options outstanding	Options outstanding Options exercisable Exercise price Number of shares Weighted average remaining years Weighted Average exercise price Number of shares Weighted average exercise price $ 2.72 25,000 6.75 — $ 2.80 150,000 9.92 3,125 $ 2.96 70,313 9.77 18,281 245,313 9.55 $ 2.86 21,406 $ 2.96

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Revenue	Three Months Ended Nine Months Ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Turnover Turnover web-based $ 46,455,077 $ 52,062,617 $ 221,678,726 $ 153,154,375 Turnover land-based 69,454,078 35,807,178 130,471,298 125,314,730 Total Turnover 115,909,155 87,869,795 352,150,024 278,469,105 Winnings/Payouts Winnings web-based 46,114,283 47,299,439 210,234,778 144,605,117 Winnings land-based 62,107,751 31,993,069 113,663,329 106,504,717 Total Winnings/payouts 108,222,034 79,292,508 323,898,107 251,109,834 Gross Gaming Revenues 7,687,121 8,577,287 28,251,917 27,359,271 Less: ADM Gaming Taxes 1,097,725 803,407 3,464,464 2,369,256 Net Gaming Revenues 6,589,396 7,773,880 24,787,453 24,990,015 Add: Commission Revenues 75,199 5,964 137,631 123,117 Add: Service Revenues 91,250 43,442 202,410 126,680 Total Revenues $ 6,755,845 $ 7,823,286 $ 25,127,494 $ 25,239,812

Net Loss per Common Share (Tabl

Net Loss per Common Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Net Loss per share	Description Three and Nine Months ended September 30, 2019 Three and Nine Months ended September 30, 2018 Options 245,313 — Warrants 1,089,474 1,089,474 Convertible debentures 2,541,156 2,856,764 3,875,943 3,946,238

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details 1) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Accounting Policies [Abstract]
FDIC Insured Amount	$ 250,000
Bad Debt Expense		$ 6,354
Goodwill acquired in acquisition	$ 1,401,608

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details 2)	9 Months Ended
	Sep. 30, 2019
Office equipment [Member]
Useful Life	5 years
Office furniture [Member]
Useful Life	8 years 4 months
Signs and displays [Member]
Useful Life	5 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details 3)	9 Months Ended
	Sep. 30, 2019
Betting Operating System [Member]
Useful Life	15 years
Multigioco and Rifa ADM Licenses [Member] | Minimum [Member]
Useful Life	1 year 5 months
Multigioco and Rifa ADM Licenses [Member] | Maximum[Member]
Useful Life	7 years
Location contracts [Member] | Minimum [Member]
Useful Life	5 years
Location contracts [Member] | Maximum[Member]
Useful Life	7 years
Customer relationships [Member] | Minimum [Member]
Useful Life	10 years
Customer relationships [Member] | Maximum[Member]
Useful Life	15 years
Trademarks/names [Member]
Useful Life	14 years
Website [Member]
Useful Life	5 years

Restatement of prior period r_3

Restatement of prior period results - Balance Sheet (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Current Assets
Cash and cash equivalents	$ 4,910,994			$ 6,289,903	$ 5,808,689
Accounts receivable	104,731			10,082
Gaming accounts receivable	1,446,058			1,021,052
Prepaid expenses	197,953			124,712
Related party receivable	849			49,914
Other current assets	182,864			55,700
Total Current Assets	6,843,449			7,551,363
Non-current Assets
Restricted cash	1,404,978			1,560,539
Property, plant and equipment	474,153			476,047
Right-of-use assets	699,250
Intangible assets	16,027,072			12,527,980
Goodwill	1,663,435			262,552
Other assets	10,907
Investment in non-consolidated entities	375,000			275,000
Total Noncurrent Assets	20,654,795			15,102,118
Total Assets	27,498,244			22,653,481
Current Liabilities
Line of credit - bank	1,000,000			750,000
Accounts payable and accrued liabilities	4,112,253			4,603,608
Gaming accounts balances	2,578,116			1,049,423
Taxes payable	645,591			1,056,430
Advances from stockholders	8,019			39,237
Convertible Debt, net of discount of $2,578,995 and $4,587,228, respectively	6,376,410			3,942,523
Notes payable, net of discount of $132,970	1,397,815
Notes payable - related party, net of discount of $88,647	984,811			318,078
Bank loan payable - current portion	119,195			120,920
Operating lease liability	47,068
Financial lease liability	3,002
Total Current Liabilities	17,272,280			11,880,219
Non-current liabilities
Deferred tax liability	1,339,314
Notes payable, net of discount of $54,216	244,728
Notes payable - related party, net of discount of $36,144	163,152
Bank loan payable	124,670			225,131
Operating lease liability	621,695
Financial lease liability	36,843
Other long term liabilities	204,100			608,728
Total Non-current liabilities	2,734,502			833,859
Total Liabilities	20,006,782			12,714,078
Stockholders' Equity
Preferred stock, $0.0001 par value; 20,000,000 shares authorized, none issued
Common Stock, $0.0001 par value, 80,000,000 shares authorized; 9,795,396 and 9,442,537 shares issued and outstanding as of March 31, 2019 and December 31, 2018*	1,052			944
Additional paid-in capital	27,502,860			23,962,920
Accumulated other comprehensive income	(383,869)			(57,431)
Accumulated deficit	(19,628,581)			(13,967,030)
Total Stockholders' Equity	7,491,462	$ 6,486,078	$ 7,811,828	9,939,403	$ 11,901,384	$ 13,180,375	$ 4,934,352	$ 4,338,217
Total Liabilities and Stockholders' Equity	27,498,244			$ 22,653,481
As Previously Reported [Member]
Current Assets
Cash and cash equivalents	4,910,994
Accounts receivable	104,731
Gaming accounts receivable	1,446,058
Prepaid expenses	197,953
Related party receivable	849
Other current assets	182,864
Total Current Assets	6,843,449
Non-current Assets
Restricted cash	1,404,978
Property, plant and equipment	324,227
Right-of-use assets
Intangible assets	16,132,375
Goodwill	266,920
Other assets	10,907
Investment in non-consolidated entities	375,000
Total Noncurrent Assets	18,514,407
Total Assets	25,357,856
Current Liabilities
Line of credit - bank	1,000,000
Accounts payable and accrued liabilities	4,080,575
Gaming accounts balances	2,578,116
Taxes payable	645,591
Advances from stockholders	8,019
Convertible Debt, net of discount of $2,578,995 and $4,587,228, respectively	6,376,410
Notes payable, net of discount of $132,970	1,397,815
Notes payable - related party, net of discount of $88,647	984,811
Bank loan payable - current portion	119,195
Operating lease liability
Financial lease liability
Total Current Liabilities	17,190,532
Non-current liabilities
Deferred tax liability
Notes payable, net of discount of $54,216	244,728
Notes payable - related party, net of discount of $36,144	163,152
Bank loan payable	124,670
Operating lease liability
Financial lease liability
Other long term liabilities	204,100
Total Non-current liabilities	736,650
Total Liabilities	17,927,182
Stockholders' Equity
Preferred stock, $0.0001 par value; 20,000,000 shares authorized, none issued
Common Stock, $0.0001 par value, 80,000,000 shares authorized; 9,795,396 and 9,442,537 shares issued and outstanding as of March 31, 2019 and December 31, 2018*	8,412
Additional paid-in capital	27,213,399
Accumulated other comprehensive income	(1,382,160)
Accumulated deficit	(18,408,977)
Total Stockholders' Equity	7,430,674
Total Liabilities and Stockholders' Equity	25,357,856
Prior year adjustment [Member]
Current Assets
Cash and cash equivalents
Accounts receivable
Gaming accounts receivable
Prepaid expenses
Related party receivable
Other current assets
Non-current Assets
Restricted cash
Property, plant and equipment	121,248
Right-of-use assets
Intangible assets	(55,477)
Goodwill
Other assets
Investment in non-consolidated entities
Total Noncurrent Assets	65,771
Total Assets	65,771
Current Liabilities
Line of credit - bank
Accounts payable and accrued liabilities
Gaming accounts balances
Taxes payable
Advances from stockholders
Convertible Debt, net of discount of $2,578,995 and $4,587,228, respectively
Notes payable, net of discount of $132,970
Notes payable - related party, net of discount of $88,647
Bank loan payable - current portion
Operating lease liability
Financial lease liability
Total Current Liabilities
Non-current liabilities
Deferred tax liability
Notes payable, net of discount of $54,216
Notes payable - related party, net of discount of $36,144
Bank loan payable
Operating lease liability
Financial lease liability
Other long term liabilities
Total Non-current liabilities
Total Liabilities
Stockholders' Equity
Preferred stock, $0.0001 par value; 20,000,000 shares authorized, none issued
Common Stock, $0.0001 par value, 80,000,000 shares authorized; 9,795,396 and 9,442,537 shares issued and outstanding as of March 31, 2019 and December 31, 2018*
Additional paid-in capital
Accumulated other comprehensive income	1,023,907
Accumulated deficit	(958,136)
Total Stockholders' Equity	65,771
Total Liabilities and Stockholders' Equity	65,771
Lease adjustments [Member]
Current Assets
Cash and cash equivalents
Accounts receivable
Gaming accounts receivable
Prepaid expenses
Related party receivable
Other current assets
Non-current Assets
Restricted cash
Property, plant and equipment	39,108
Right-of-use assets	699,250
Goodwill
Other assets
Investment in non-consolidated entities
Total Noncurrent Assets	738,358
Total Assets	738,358
Current Liabilities
Line of credit - bank
Accounts payable and accrued liabilities	31,678
Gaming accounts balances
Taxes payable
Advances from stockholders
Convertible Debt, net of discount of $2,578,995 and $4,587,228, respectively
Notes payable, net of discount of $132,970
Notes payable - related party, net of discount of $88,647
Bank loan payable - current portion
Operating lease liability	47,068
Financial lease liability	3,002
Total Current Liabilities	81,748
Non-current liabilities
Deferred tax liability
Notes payable, net of discount of $54,216
Notes payable - related party, net of discount of $36,144
Bank loan payable
Operating lease liability	621,695
Financial lease liability	36,843
Other long term liabilities
Total Non-current liabilities	658,538
Total Liabilities	740,286
Stockholders' Equity
Preferred stock, $0.0001 par value; 20,000,000 shares authorized, none issued
Common Stock, $0.0001 par value, 80,000,000 shares authorized; 9,795,396 and 9,442,537 shares issued and outstanding as of March 31, 2019 and December 31, 2018*
Additional paid-in capital
Accumulated other comprehensive income	(1,618)
Accumulated deficit	(310)
Total Stockholders' Equity	(1,928)
Total Liabilities and Stockholders' Equity	738,358
Acquisition of Virtual Generation [Member]
Current Assets
Cash and cash equivalents
Accounts receivable
Gaming accounts receivable
Prepaid expenses
Related party receivable
Other current assets
Non-current Assets
Restricted cash
Property, plant and equipment
Right-of-use assets
Intangible assets	(177,982)
Goodwill	1,401,608
Other assets
Investment in non-consolidated entities
Total Noncurrent Assets	1,223,626
Total Assets	1,223,626
Current Liabilities
Line of credit - bank
Accounts payable and accrued liabilities
Gaming accounts balances
Taxes payable
Advances from stockholders
Convertible Debt, net of discount of $2,578,995 and $4,587,228, respectively
Notes payable, net of discount of $132,970
Notes payable - related party, net of discount of $88,647
Bank loan payable - current portion
Operating lease liability
Financial lease liability
Total Current Liabilities
Non-current liabilities
Deferred tax liability	1,339,314
Notes payable, net of discount of $54,216
Notes payable - related party, net of discount of $36,144
Bank loan payable
Operating lease liability
Financial lease liability
Other long term liabilities
Total Non-current liabilities	1,339,314
Total Liabilities	1,339,314
Stockholders' Equity
Preferred stock, $0.0001 par value; 20,000,000 shares authorized, none issued
Common Stock, $0.0001 par value, 80,000,000 shares authorized; 9,795,396 and 9,442,537 shares issued and outstanding as of March 31, 2019 and December 31, 2018*
Additional paid-in capital
Accumulated other comprehensive income
Accumulated deficit	(115,688)
Total Stockholders' Equity	(115,688)
Total Liabilities and Stockholders' Equity	1,223,626
Other Adjustments [Member]
Current Assets
Cash and cash equivalents
Accounts receivable
Gaming accounts receivable
Prepaid expenses
Related party receivable
Other current assets
Non-current Assets
Restricted cash
Property, plant and equipment	(10,430)
Right-of-use assets
Intangible assets	128,156
Goodwill	(5,093)
Other assets
Investment in non-consolidated entities
Total Noncurrent Assets	112,633
Total Assets	112,633
Current Liabilities
Line of credit - bank
Accounts payable and accrued liabilities
Gaming accounts balances
Taxes payable
Advances from stockholders
Convertible Debt, net of discount of $2,578,995 and $4,587,228, respectively
Notes payable, net of discount of $132,970
Notes payable - related party, net of discount of $88,647
Bank loan payable - current portion
Operating lease liability
Financial lease liability
Total Current Liabilities
Stockholders' Equity
Preferred stock, $0.0001 par value; 20,000,000 shares authorized, none issued
Common Stock, $0.0001 par value, 80,000,000 shares authorized; 9,795,396 and 9,442,537 shares issued and outstanding as of March 31, 2019 and December 31, 2018*	(7,360)
Additional paid-in capital	289,461
Accumulated other comprehensive income	(23,998)
Accumulated deficit	(145,470)
Total Stockholders' Equity	112,633
Total Liabilities and Stockholders' Equity	$ 112,633

Restatement of prior period r_4

Restatement of prior period results - Balance Sheet (Details) (Parenthetical) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
STOCKHOLDERS' EQUITY
Preferred Stock - par value	$ 0.0001	$ 0.0001
Preferred stock - authorized	5,000,000	5,000,000
Preferred stock - issued
Preferred stock - outstanding
Common Stock - par value	$ 0.0001	$ 0.0001
Common Stock - authorized	80,000,000	80,000,000
Common Stock - issued	10,514,610	9,442,537
Common Stock - outstanding	10,514,610	9,442,537
Convertible Debentures [Member]
Debt Discount	$ 1,755,287	$ 4,587,228
Notes payable [Member]
Debt Discount	120,853
Notes payable Related Party [Member]
Debt Discount	80,569
Notes payable - Non Current [Member]
Debt Discount	27,506
Notes payable Related Party - Non Current [Member]
Debt Discount	$ 18,338

Restatement of prior period r_5

Restatement of prior period results - Statement of Operations (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue	$ 6,755,845	$ 7,823,286	$ 25,127,494	$ 25,239,812
Costs and Expenses
Selling expenses	2,898,287	5,314,436	16,574,766	17,218,036
General and administrative expenses	3,430,997	3,043,363	9,988,736	7,450,482
Total Costs and Expenses	6,329,284	8,357,799	26,563,502	24,668,518
(Loss) income from Operations	426,561	(534,513)	(1,436,008)	571,294
Other (Expenses) Income
Other income	32,864		40,589
Interest expense, net of interest income	(1,093,259)	(329,618)	(3,614,614)	(1,592,127)
Gain on settlement of liabilities			(35,943)
Imputed interest on related party advances				(761)
Gain on litigation settlement				516,120
Loss on debt modification				(212,270)
Loss on conversion of debt			(45,066)
Loss on marketable securities	125,000	(2,500)	100,000	(157,500)
Total Other (Expenses) Income	(935,395)	(332,118)	(3,509,968)	(1,446,538)
(Loss) Income Before Income Taxes	(508,834)	(866,631)	(4,945,976)	(875,244)
Income tax provision	(260,545)	(83,356)	(715,575)	(840,798)
Net (Loss) Income	(769,379)	(949,987)	(5,661,551)	(1,716,042)
Other Comprehensive Loss
Foreign currency translation adjustment	(265,231)	(329,588)	(326,438)	(168,810)
Comprehensive (Loss) Income	$ (1,034,610)	$ (1,279,575)	$ (5,987,989)	$ (1,884,852)
Loss per common share - basic and diluted*	$ (0.01)	$ (0.14)	$ (0.60)	$ (0.20)
Weighted average number of common shares outstanding- basic and diluted*	10,241,996	9,317,537	9,925,380	9,397,252
As Previously Reported [Member]
Revenue	$ 6,755,845	$ 7,823,286	$ 25,127,494	$ 25,239,812
Costs and Expenses
Selling expenses	3,156,446	5,314,436	17,602,950	17,218,036
General and administrative expenses	3,259,195	2,897,835	8,919,962	7,013,563
Total Costs and Expenses	6,415,641	8,212,271	26,522,912	24,231,599
(Loss) income from Operations	340,204	(388,985)	(1,395,418)	1,008,213
Other (Expenses) Income
Other income	32,864		40,589
Interest expense, net of interest income	(1,092,887)	(329,618)	(3,613,543)	(1,592,127)
Gain on settlement of liabilities	282,101		246,158
Changes in fair value of derivative liabilities		(5,244,587)
Imputed interest on related party advances				(761)
Gain on litigation settlement				516,120
Loss on debt modification				(212,270)
Loss on conversion of debt			46,426
Loss on marketable securities	125,000	(2,500)	100,000	(157,500)
Total Other (Expenses) Income	(652,922)	(332,118)	(3,226,796)	(1,446,538)
(Loss) Income Before Income Taxes	(312,718)	(721,103)	(4,622,214)	(438,325)
Income tax provision	(283,905)	(83,356)	(777,869)	(840,798)
Net (Loss) Income	(596,623)	(804,459)	(5,400,083)	(1,279,123)
Other Comprehensive Loss
Foreign currency translation adjustment	(212,009)	(490,914)	(300,822)	(653,788)
Comprehensive (Loss) Income	$ (808,632)	$ (1,295,373)	$ (5,700,905)	$ (1,932,911)
Loss per common share - basic and diluted*	$ (0.01)	$ (0.14)	$ (0.57)	$ (0.21)
Weighted average number of common shares outstanding- basic and diluted*	10,241,996	9,317,537	9,925,380	9,397,252
Lease adjustments [Member]
Revenue
Costs and Expenses
Selling expenses
General and administrative expenses	(235)		(761)
Total Costs and Expenses	(235)		(761)
(Loss) income from Operations	235		761
Other (Expenses) Income
Other income
Interest expense, net of interest income	(372)		(1,071)
Gain on settlement of liabilities
Loss on conversion of debt
Loss on marketable securities
Total Other (Expenses) Income	(372)		(1,071)
(Loss) Income Before Income Taxes	(137)		(310)
Income tax provision
Net (Loss) Income	(137)		(310)
Other Comprehensive Loss
Foreign currency translation adjustment			(1,618)
Comprehensive (Loss) Income	(137)		(1,928)
Acquisition of Virtual Generation [Member]
Revenue
Costs and Expenses
Selling expenses
General and administrative expenses	66,743		177,982
Total Costs and Expenses	66,743		177,982
(Loss) income from Operations	(66,743)		(177,982)
Other (Expenses) Income
Other income
Interest expense, net of interest income
Gain on settlement of liabilities
Loss on conversion of debt
Loss on marketable securities
Total Other (Expenses) Income
(Loss) Income Before Income Taxes	(66,743)		(177,982)
Income tax provision	23,360		62,294
Net (Loss) Income	(43,383)		(115,688)
Other Comprehensive Loss
Foreign currency translation adjustment
Comprehensive (Loss) Income	(43,383)		(115,688)
Other Adjustments [Member]
Revenue
Costs and Expenses
Selling expenses	(258,159)		(1,028,184)
General and administrative expenses	105,294		891,553	331
Total Costs and Expenses	(152,865)		(136,631)	331
(Loss) income from Operations	152,865		136,631	(331)
Other (Expenses) Income
Other income
Interest expense, net of interest income
Gain on settlement of liabilities	(282,101)		(282,101)
Imputed interest on related party advances
Gain on litigation settlement
Loss on debt modification
Loss on conversion of debt			(91,492)
Loss on marketable securities
Total Other (Expenses) Income	(282,101)		(282,101)
(Loss) Income Before Income Taxes	(129,236)		(145,470)	(331)
Income tax provision
Net (Loss) Income	(129,236)		(145,470)	(331)
Other Comprehensive Loss
Foreign currency translation adjustment	(53,222)		(23,998)
Comprehensive (Loss) Income	$ (182,458)		$ (169,468)	(331)
Depreciation and amortization adjustments [Member]
Revenue
Costs and Expenses
Selling expenses
General and administrative expenses		117,648		352,943
Total Costs and Expenses		117,648		352,943
(Loss) income from Operations		(117,648)		(352,943)
Other (Expenses) Income
Interest expense, net of interest income
Imputed interest on related party advances
Gain on litigation settlement
Loss on debt modification
Loss on marketable securities
Total Other (Expenses) Income
(Loss) Income Before Income Taxes		(117,648)		(352,943)
Income tax provision
Net (Loss) Income		(117,648)		(352,943)
Other Comprehensive Loss
Foreign currency translation adjustment		133,446		401,333
Comprehensive (Loss) Income		15,798		48,390
Foreign Exchange adjustments [Member]
Revenue
Costs and Expenses
Selling expenses
General and administrative expenses		27,880		83,645
Total Costs and Expenses		27,880		83,645
(Loss) income from Operations		(27,880)		(83,645)
Other (Expenses) Income
Interest expense, net of interest income
Imputed interest on related party advances
Gain on litigation settlement
Loss on debt modification
Loss on marketable securities
Total Other (Expenses) Income
(Loss) Income Before Income Taxes		(27,880)		(83,645)
Income tax provision
Net (Loss) Income		(27,880)		(83,645)
Other Comprehensive Loss
Foreign currency translation adjustment		27,880		83,645
Comprehensive (Loss) Income

Restatement of prior period r_6

Restatement of prior period results - Statement of Cash Flows (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Cash Flows from Operating Activities
Net (loss) income	$ (769,379)	$ (949,987)	$ (5,661,551)	$ (1,716,042)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities
Depreciation and amortization			687,407	656,985
Amortization of deferred costs			2,974,439	58,188
Stock based compensation charge	(88,960)		88,960
Non-cash interest			598,656	1,193,434
Gain on settlement of liabilities
Loss on debt conversions			45,066
Loss on debt modification				(217,140)
Imputed interest on advances from stockholders				1,514
Unrealized loss on trading securities	(125,000)	2,500	(100,000)	157,500
Movement in deferred taxation			(62,294)
Recovery of assets				(516,120)
Bad debt expense				6,354
Changes in Operating Assets and Liabilities
Prepaid expenses			(69,957)	(180,651)
Accounts payable and accrued liabilities			643,411	1,776,597
Accounts receivable			(50,218)	98,823
Gaming accounts receivable			(487,330)	(108,033)
Gaming accounts liabilities			1,626,021	(242,907)
Taxes payable			(372,275)	(547,618)
Other current assets			(101,594)	(94,764)
Other assets			(11,239)
Long term liability			(387,523)	72,480
Net Cash (Used in) Provided by Operating Activities			(640,021)	832,880
Cash Flows from Investing Activities
Acquisition of property, plant, and equipment, and intangible assets			(129,864)	(4,690,524)
Movements in restricted cash
Acquisition of Virtual Generation, net of cash of $47,268			(216,983)
Net Cash Used in Investing Activities			(346,847)	(4,690,524)
Cash Flows from Financing Activities
Proceeds from bank credit line			250,000	500,000
Repayment of bank credit line				(177,060)
Repayment of bank loan			(88,567)	(93,532)
Proceeds from debentures and convertible notes, net of repayment				6,883,906
Repayment of deferred purchase consideration-non-related parties			(107,950)
Repayment of deferred purchase consideration-related parties			(241,850)
Repayment of financial leases			6,589
Loan to related party			(11,975)
Advances from stockholders, net of repayment				(406,142)
Purchase of treasury stock				(2,261,307)
Loans advanced to stockholders			14,227	(190,509)
Net Cash Provided by (Used) in Financing Activities			(179,526)	4,255,356
Effect of change in exchange rate			(368,076)	(78,454)
Net (decrease) increase in cash			(1,534,470)	319,258
Cash, cash equivalents and restricted cash – beginning of the period			7,850,442
Cash, cash equivalents and restricted cash – end of the period	6,315,972	7,377,021	6,315,972	7,377,021
Reconciliation of cash, cash equivalents and restricted cash within the Balance Sheets to the Statement of Cash Flows
Cash and cash equivalents	4,910,994	5,808,689	4,910,994	5,808,689
Restricted cash included in non-current assets	1,404,978	1,568,332	1,404,978	1,568,332
Cash, cash equivalents and restricted cash – end of the period	6,315,972	7,377,021	6,315,972	7,377,021
Supplemental disclosure of cash flow information
Cash paid during the period for: Interest			40,448	20,321
Cash paid during the period for: Income tax			1,188,707	1,593,645
As Previously Reported [Member]
Cash Flows from Operating Activities
Net (loss) income	(596,623)	(804,459)	(5,400,083)	(1,279,123)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities
Depreciation and amortization			485,351	500,391
Amortization of deferred costs			2,974,439	58,188
Stock based compensation charge			88,960
Non-cash interest			598,656	1,193,434
Gain on settlement of liabilities			(190,610)
Loss on debt conversions			(46,426)
Loss on debt modification				217,140
Imputed interest on advances from stockholders				1,514
Changes in fair value of derivative liabilities		5,244,587
Unrealized loss on trading securities	(125,000)	2,500	(100,000)	157,500
Movement in deferred taxation
Recovery of assets				(516,120)
Bad debt expense				6,354
Changes in Operating Assets and Liabilities
Prepaid expenses			(69,957)	(180,651)
Accounts payable and accrued liabilities			643,411	1,776,266
Accounts receivable			(50,218)	98,823
Gaming accounts receivable			(487,330)	(108,033)
Gaming accounts liabilities			1,626,021	(242,907)
Taxes payable			(372,275)	(547,618)
Other current assets			(101,594)	(94,764)
Other assets			(11,239)
Long term liability			(387,523)	72,480
Net Cash (Used in) Provided by Operating Activities			(800,417)	1,112,874
Cash Flows from Investing Activities
Acquisition of property, plant, and equipment, and intangible assets			(114,821)	(4,487,456)
Movements in restricted cash			133,197
Acquisition of Virtual Generation, net of cash of $47,268			46,435	(980,427)
Net Cash Used in Investing Activities			64,811	(5,467,883)
Cash Flows from Financing Activities
Proceeds from bank credit line			250,000	500,000
Repayment of bank credit line				(177,060)
Repayment of bank loan			(88,567)	(93,532)
Proceeds from debentures and convertible notes, net of repayment				6,883,906
Repayment of deferred purchase consideration-non-related parties			(213,317)
Repayment of deferred purchase consideration-related parties			(399,901)
Repayment of financial leases
Loan to related party			(11,975)
Advances from stockholders, net of repayment				(406,142)
Purchase of treasury stock				(2,261,307)
Loans advanced to stockholders			14,227	(190,509)
Net Cash Provided by (Used) in Financing Activities			(449,533)	4,255,356
Effect of change in exchange rate			(193,770)	(561,516)
Net (decrease) increase in cash			(1,378,909)	(661,169)
Cash, cash equivalents and restricted cash – beginning of the period			6,289,903
Cash, cash equivalents and restricted cash – end of the period	4,910,994		4,910,994
Reconciliation of cash, cash equivalents and restricted cash within the Balance Sheets to the Statement of Cash Flows
Cash and cash equivalents	4,910,994		4,910,994
Restricted cash included in non-current assets
Cash, cash equivalents and restricted cash – end of the period	4,910,994		4,910,994
Lease adjustments [Member]
Cash Flows from Operating Activities
Net (loss) income	(137)		(310)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities
Depreciation and amortization			8,764
Amortization of deferred costs
Stock based compensation charge
Non-cash interest
Gain on settlement of liabilities
Loss on debt conversions
Unrealized loss on trading securities
Movement in deferred taxation
Changes in Operating Assets and Liabilities
Prepaid expenses
Accounts payable and accrued liabilities
Accounts receivable
Gaming accounts receivable
Gaming accounts liabilities
Taxes payable
Other current assets
Long term liability
Net Cash (Used in) Provided by Operating Activities			8,454
Cash Flows from Investing Activities
Acquisition of property, plant, and equipment, and intangible assets			(15,043)
Movements in restricted cash
Acquisition of Virtual Generation, net of cash of $47,268
Net Cash Used in Investing Activities			(15,043)
Cash Flows from Financing Activities
Proceeds from bank credit line
Repayment of bank loan
Repayment of deferred purchase consideration-non-related parties
Repayment of deferred purchase consideration-related parties
Repayment of financial leases			6,589
Loan to related party
Loans advanced to stockholders
Net Cash Provided by (Used) in Financing Activities			6,589
Effect of change in exchange rate
Net (decrease) increase in cash
Cash, cash equivalents and restricted cash – end of the period
Reconciliation of cash, cash equivalents and restricted cash within the Balance Sheets to the Statement of Cash Flows
Cash and cash equivalents
Restricted cash included in non-current assets
Cash, cash equivalents and restricted cash – end of the period
Acquisition of Virtual Generation [Member]
Cash Flows from Operating Activities
Net (loss) income	(43,383)		(115,688)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities
Depreciation and amortization			177,982
Amortization of deferred costs
Stock based compensation charge
Non-cash interest
Gain on settlement of liabilities
Loss on debt conversions
Unrealized loss on trading securities
Movement in deferred taxation			(62,294)
Changes in Operating Assets and Liabilities
Prepaid expenses
Accounts payable and accrued liabilities
Accounts receivable
Gaming accounts receivable
Gaming accounts liabilities
Taxes payable
Other current assets
Long term liability
Net Cash (Used in) Provided by Operating Activities
Cash Flows from Investing Activities
Acquisition of property, plant, and equipment, and intangible assets
Movements in restricted cash
Acquisition of Virtual Generation, net of cash of $47,268			(263,418)
Net Cash Used in Investing Activities			(263,418)
Cash Flows from Financing Activities
Proceeds from bank credit line
Repayment of bank loan
Repayment of deferred purchase consideration-non-related parties			105,367
Repayment of deferred purchase consideration-related parties			158,051
Repayment of financial leases
Loan to related party
Loans advanced to stockholders
Net Cash Provided by (Used) in Financing Activities			263,418
Effect of change in exchange rate
Net (decrease) increase in cash
Cash, cash equivalents and restricted cash – end of the period
Reconciliation of cash, cash equivalents and restricted cash within the Balance Sheets to the Statement of Cash Flows
Cash and cash equivalents
Restricted cash included in non-current assets
Cash, cash equivalents and restricted cash – end of the period
Other Adjustments [Member]
Cash Flows from Operating Activities
Net (loss) income	(129,236)		(145,470)	(331)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities
Depreciation and amortization			15,310
Amortization of deferred costs
Stock based compensation charge
Non-cash interest
Gain on settlement of liabilities			190,610
Loss on debt conversions			91,492
Loss on debt modification
Imputed interest on advances from stockholders
Unrealized loss on trading securities
Movement in deferred taxation
Recovery of assets
Bad debt expense
Changes in Operating Assets and Liabilities
Prepaid expenses
Accounts payable and accrued liabilities				331
Accounts receivable
Gaming accounts receivable
Gaming accounts liabilities
Taxes payable
Other current assets
Long term liability
Net Cash (Used in) Provided by Operating Activities			151,942
Cash Flows from Investing Activities
Acquisition of property, plant, and equipment, and intangible assets
Movements in restricted cash			(133,197)
Acquisition of Virtual Generation, net of cash of $47,268				980,427
Net Cash Used in Investing Activities			(133,197)	980,427
Cash Flows from Financing Activities
Proceeds from bank credit line
Repayment of bank credit line
Repayment of bank loan
Proceeds from debentures and convertible notes, net of repayment
Repayment of deferred purchase consideration-non-related parties
Repayment of deferred purchase consideration-related parties
Repayment of financial leases
Loan to related party
Advances from stockholders, net of repayment
Purchase of treasury stock
Loans advanced to stockholders
Net Cash Provided by (Used) in Financing Activities
Effect of change in exchange rate			(174,306)
Net (decrease) increase in cash			(155,561)	980,427
Cash, cash equivalents and restricted cash – beginning of the period			1,560,539
Cash, cash equivalents and restricted cash – end of the period	1,404,978		1,404,978
Reconciliation of cash, cash equivalents and restricted cash within the Balance Sheets to the Statement of Cash Flows
Cash and cash equivalents
Restricted cash included in non-current assets	1,404,978		1,404,978
Cash, cash equivalents and restricted cash – end of the period	$ 1,404,978		$ 1,404,978
Depreciation and amortization adjustments [Member]
Cash Flows from Operating Activities
Net (loss) income		(117,648)		(352,943)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities
Depreciation and amortization				156,594
Amortization of deferred costs
Non-cash interest
Loss on debt modification
Imputed interest on advances from stockholders
Unrealized loss on trading securities
Recovery of assets
Bad debt expense
Changes in Operating Assets and Liabilities
Prepaid expenses
Accounts payable and accrued liabilities
Accounts receivable
Gaming accounts receivable
Gaming accounts liabilities
Taxes payable
Other current assets
Long term liability
Net Cash (Used in) Provided by Operating Activities				(196,349)
Cash Flows from Investing Activities
Acquisition of property, plant, and equipment, and intangible assets				(203,068)
Acquisition of Virtual Generation, net of cash of $47,268
Net Cash Used in Investing Activities				(203,068)
Cash Flows from Financing Activities
Proceeds from bank credit line
Repayment of bank credit line
Repayment of bank loan
Proceeds from debentures and convertible notes, net of repayment
Advances from stockholders, net of repayment
Purchase of treasury stock
Loans advanced to stockholders
Net Cash Provided by (Used) in Financing Activities
Effect of change in exchange rate				399,417
Net (decrease) increase in cash
Foreign Exchange adjustments [Member]
Cash Flows from Operating Activities
Net (loss) income		(27,880)		(83,645)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities
Depreciation and amortization
Amortization of deferred costs
Non-cash interest
Loss on debt modification
Imputed interest on advances from stockholders
Unrealized loss on trading securities
Recovery of assets
Bad debt expense
Changes in Operating Assets and Liabilities
Prepaid expenses
Accounts payable and accrued liabilities
Accounts receivable
Gaming accounts receivable
Gaming accounts liabilities
Taxes payable
Other current assets
Long term liability
Net Cash (Used in) Provided by Operating Activities				(83,645)
Cash Flows from Investing Activities
Acquisition of property, plant, and equipment, and intangible assets
Acquisition of Virtual Generation, net of cash of $47,268
Net Cash Used in Investing Activities
Cash Flows from Financing Activities
Proceeds from bank credit line
Repayment of bank credit line
Repayment of bank loan
Proceeds from debentures and convertible notes, net of repayment
Advances from stockholders, net of repayment
Purchase of treasury stock
Loans advanced to stockholders
Net Cash Provided by (Used) in Financing Activities
Effect of change in exchange rate				83,645
Net (decrease) increase in cash

Restatement of prior period r_7

Restatement of prior period results (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2019
Right of use asset for operating leases	$ 699,250	$ 792,078
Present value of lease liabilities	668,763
Right of use assets for finance leases	39,108	$ 37,091
Amortization of right-of-use assets	8,764
As Previously Reported [Member] | Operating lease liability [Member]
Right of use asset for operating leases	646,138
Present value of lease liabilities	617,352
Accrued Liability	28,786
Addition to lease	241,985
Amortization of right-of-use assets	153,088
Amortization of operating lease liability	22,707
Change in accrued liability	2,892
As Previously Reported [Member] | Financial lease liability [Member]
Present value of lease liabilities	34,524
Right of use assets for finance leases	34,638
Addition to lease	15,043
Amortization of right-of-use assets	$ 8,764

Reclassification of prior per_2

Reclassification of prior period results (Details Narrative) - Convertible Debentures [Member]	3 Months Ended	9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2018CAD ($)
Comvertible Debenture, issued	$ 3,268,000	$ 6,502,000	$ 7,162,000
Comvertible Debenture discount	5,536,301	5,536,301
Fair value common stock issued with debenture	582,486	582,486
Changes in fair value of derivative liabilities	$ 12,494,727	$ 12,494,727

Reclassification of prior per_3

Reclassification of prior period results (Details 1)	12 Months Ended
	Dec. 31, 2018USD ($)
Convertible Debentures [Member]
Balance, January 1, 2018 (Prior to adoption of ASU 2017-11	$ 1,148,107
Reclassified derivative liabilities and cumulative effect of adoption
Balance, January 1, 2018 (After adoption of ASU 2017-11)	1,148,107
Derivative Liability [Member]
Balance, January 1, 2018 (Prior to adoption of ASU 2017-11	222,915
Reclassified derivative liabilities and cumulative effect of adoption	(222,915)
Balance, January 1, 2018 (After adoption of ASU 2017-11)
Additional Paid in Capital [Member]
Balance, January 1, 2018 (Prior to adoption of ASU 2017-11	14,254,582
Reclassified derivative liabilities and cumulative effect of adoption	287,881
Balance, January 1, 2018 (After adoption of ASU 2017-11)	14,542,463
Accumulated Deficit [Member]
Balance, January 1, 2018 (Prior to adoption of ASU 2017-11	(9,897,620)
Reclassified derivative liabilities and cumulative effect of adoption	(64,966)
Balance, January 1, 2018 (After adoption of ASU 2017-11)	$ (9,962,586)

Acquisitions (Details Narrative

Acquisitions (Details Narrative)	1 Months Ended		3 Months Ended			5 Months Ended	9 Months Ended	12 Months Ended
	Jan. 30, 2019USD ($)shares	Jan. 30, 2019EUR (€)shares	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	May 31, 2018USD ($)$ / sharesshares	Sep. 30, 2019EUR (€)	Dec. 31, 2016shares
Business Acquisition [Line Items]
Issuance of common stock, value | $			$ 276,940	$ 278,536	$ 196,783
Ulisse [Member]
Business Acquisition [Line Items]
Purchase price | $						$ 11,700,000
Share issued for acquisition | shares						59,195		416,400
Agreement								option to resell to the Company 50% of the shares of common stock (or 208,200 shares) issued in consideration for the purchase price at a fixed price of USD $0.50 per share (the “Ulisse Put Option”)
Purchase price paid in cash | $						$ 5,850,000
Share price | $ / shares						$ 9.44
Multigioco [Member]
Business Acquisition [Line Items]
Repurchased and retired shares, share | shares						255,000
Repurchased and retired shares, value | $						$ 595,000
Virtual Generation [Member]
Business Acquisition [Line Items]
Purchase price | $	$ 4,000,000
Issuance of common stock, shares | shares	65,298	65,298
Issuance of common stock, value		€ 89,000
Purchase price paid in cash		108,000
Promissory Note		€ 3,803,000
Number of payments	23	23					17
Payments on Loan		€ 104,000					€ 83,000
Total payments		2,392,000					1,411,000
Principal payments		€ 1,435,200					€ 846,600

Acquisition- Purchase price (De

Acquisition- Purchase price (Details) - Virtual Generation [Member]	9 Months Ended
	Sep. 30, 2019USD ($)
Business Combination, Separately Recognized Transactions [Line Items]
Purchase price	$ 4,193,374
Discount on purchase price	382,778
Fair value of assets acquired
Cash	47,268
Current assets	178,181
Property, Plant and Equipment	41,473
Intangible assets acquired	4,004,594
Identifiable intangible assets:	$ 4,271,516
Remaining useful life	3 years
Less: liabilities assumed	$ (78,141)
Less: Imputed Deferred taxation on identifiable intangible assets acquired	(1,401,608)
Total identifiable assets less liabilities assumed	2,791,767
Excess purchase price	$ 4,193,375

Leases - Right of use assets (D

Leases - Right of use assets (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2019
Leases [Abstract]
Right of use assets - operating leases, net of amortization	$ 699,250	$ 792,078
Right of use assets - finance leases, net of depreciation – included in plant and equipment	39,108	$ 37,091
Amortization of right-of-use assets	8,764
Interest expense on lease liabilities	1,070
Finance lease cost	9,834
Operating lease cost	154,797
Total lease cost	164,631
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance leases	(1,070)
Operating cash flows from operating leases	(154,797)
Financing cash flows from finance leases	6,589
Right-of-use assets obtained in exchange for new finance leases	15,043
Right-of-use assets disposed of under operating leases prior to lease maturity	32,337
Right-of -use assets obtained in exchange for new operating leases
Weighted average remaining lease term - finance leases	3 years 244 days 13 hours 12 minutes
Weighted average remaining lease term - operating leases	3 years 222 days 15 hours 36 minutes
Weighted average discount rate- finance leases	3.50%
Weighted average discount rate- operating leases	3.53%

Leases - Finance lease liabilit

Leases - Finance lease liability (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Maturity date
2019	$ 3,631
2020	13,223
2021	10,116
2022	8,439
2023	6,762
2024	784
Total undiscounted minimum future lease payments	42,955
Imputed interest	(3,110)
Present value of lease liabilities	39,845
Financial lease liability	3,002
Financial lease liability	$ 36,843

Leases - Operating lease liabil

Leases - Operating lease liability (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Maturity date
2019	$ 52,844
2020	190,576
2021	184,102
2022	155,055
2023	103,990
2024 and beyond	29,098
Total undiscounted minimum future lease payments	715,665
Imputed interest	(46,902)
Present value of lease liabilities	668,763
Operating lease liability, Current	47,068
Operating lease liability,Non-Current	$ 621,695

Investment in Non-consolidate_2

Investment in Non-consolidated Entities (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Schedule of Equity Method Investments [Line Items]
Loss on marketable securities	$ 125,000	$ (2,500)	$ 100,000	$ (157,000)
Zoompass Holdings Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Loss on marketable securities	$ (125,000)		$ (100,000)
Share price	$ 0.15		$ 0.15

Intangible Assets - Intangibles

Intangible Assets - Intangibles (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Intangible assets, gross	$ 18,401,709	$ 14,395,968
Accumulated amortization	(2,374,637)	(1,867,986)
Intangible assets	16,027,072	12,527,980
Betting Operating System [Member]
Intangible assets, gross	1,685,371	1,685,371
Ulisse Bookmaker License [Member]
Intangible assets, gross	9,727,914	9,727,914
Multigioco and Rifa ADM Licenses [Member]
Intangible assets, gross	962,903	961,756
Virtual Generation Licenses [Member]
Intangible assets, gross	4,004,594
Location contracts [Member]
Intangible assets, gross	1,000,000	1,000,000
Customer relationships [Member]
Intangible assets, gross	870,927	870,927
Trademarks/names [Member]
Intangible assets, gross	110,000	110,000
Website [Member]
Intangible assets, gross	$ 40,000	$ 40,000

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization Expense	$ 511,929	$ 342,498

Restricted Cash (Details)

Restricted Cash (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Restricted Cash [Abstract]
Line of credit - bank	$ 1,000,000	$ 750,000
Collateral	$ 1,000,000

Line of Credit-Bank (Details Na

Line of Credit-Bank (Details Narrative)	Sep. 30, 2019USD ($)	Sep. 30, 2019EUR (€)	Dec. 31, 2018USD ($)
Line of credit - bank	$ 1,000,000		$ 750,000
Revolving Line of Credit [Member]
Line of credit	1,000,000
Security Deposit	$ 1,000,000
Interest rate	3.00%	3.00%
Multigioco [Member]
Line of credit - bank	$ 340,000	€ 300,000
Interest rate	5.00%	5.00%
Rifa [Member]
Line of credit - bank	$ 57,000	€ 50,000
Interest rate	5.00%	5.00%

Related party transactions and

Related party transactions and balances (Details Narrative)	3 Months Ended			9 Months Ended
	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Sep. 30, 2019USD ($)shares	Sep. 30, 2019EUR (€)shares	Dec. 31, 2018USD ($)
Related Party Transaction [Line Items]
Notes payable- related party, net of discount of $80,569 and $0, respectively | $	$ 984,811			$ 984,811		$ 318,078
Issuance of common stock, value | $	276,940	$ 278,536	$ 196,783
Interest rate				12.00%	12.00%
Vritual Generation Limited Related Party[Member]
Related Party Transaction [Line Items]
Principal payments | €					€ 956,800
Issuance of common stock, shares | shares				564,400	564,400
Monthly installments | €					€ 41,600
Monthly installments, shares | shares				33,200	33,200
Related Party[Member]
Related Party Transaction [Line Items]
Issuance of common stock, value | €					€ 1,143,652
Issuance of common stock, shares | shares				846,600	846,600
Accrued interest | $				$ 139,383
Promissory note | $	$ 457,461			$ 457,461
Monthly installments | €					€ 62,400
Monthly installments, shares | shares				49,800	49,800

Related party transactions an_2

Related party transactions and balances (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Present value discount on future payments
Notes payable – Related Party, net	$ 1,147,963
Notes payable- related party, net of discount of $80,569 and $0, respectively	984,811	$ 318,078
Notes payable- related party, long-term	163,152
Related party Notes Payable [Member]
Principal Outstanding
Opening balance	318,078
Promissory note due to non-related parties	1,830,541
Settled by the issuance of common shares	(618,982)
Repayment of promissory notes, related party	(213,353)
Foreign exchange movements	(69,414)
Ending balance	1,246,870
Accrued Interest
Accrued interest, opening balance	113,553
Interest expense	25,830
Settled by the issuance of common shares	(139,383)
Accrued interest, ending balance
Present value discount on future payments
Present value discount, beginning	(161,393)
Amortization	56,604
Foreign exchange movements	5,882
Present value discount, ending	$ (98,907)

Related party transactions an_3

Related party transactions and balances - Related party (Details) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Advances from stockholders	$ 8,019	$ 8,019	$ 39,237
Gold Street Capital Corp. [Member]
Related Party Transaction [Line Items]
Advances from stockholders	8,019	8,019	39,237
Managment Fees	$ 36,000	$ 72,000
Other Stockholders [Member]
Related Party Transaction [Line Items]
Advances from stockholders
Luca Pasquini [Member]
Related Party Transaction [Line Items]
Managment Fees			$ 6,000

Stockholders Equity (Details Na

Stockholders Equity (Details Narrative) - USD ($)	1 Months Ended	2 Months Ended	3 Months Ended				4 Months Ended		5 Months Ended	6 Months Ended	7 Months Ended	8 Months Ended	9 Months Ended	12 Months Ended
	Jan. 31, 2019	Mar. 01, 2019	Sep. 30, 2019	Jun. 30, 2019	Apr. 02, 2019	Mar. 31, 2019	May 01, 2019	Apr. 22, 2019	Jun. 01, 2019	Jul. 02, 2019	Aug. 01, 2019	Sep. 01, 2019	Sep. 30, 2019	Dec. 31, 2019
Reverse stock split														1 to 8
Share issued for acquisition, amount			$ 276,940	$ 278,536		$ 196,783
Virtual Generation [Member]
Share issued for acquisition, shares	259,600	262,780			239,800		264,840		218,050	286,010	280,380	266,820
Share issued for acquisition, amount	$ 101,763	$ 101,249			$ 86,328		$ 93,018		$ 92,961	$ 93,875	$ 91,810	$ 91,255
Debentures [Member]
Shares issued for debt, shares								112,665					3,520,537
Shares issued for debt, amount								$ 45,066					$ 768,020
Promissory Notes [Member]
Shares issued for debt, shares													2,277,762
Shares issued for debt, amount													$ 728,884
Liabilities [Member]
Shares issued for debt, shares								457,461
Shares issued for debt, amount								$ 553,525

Convertible Debt (Details)

Convertible Debt (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Debenture Discount
Convertible Debenture	$ 6,376,410	$ 3,942,523
Debentures [Member]
Convertible Debt, gross	8,529,021
Conversion to equity	(1,516,169)
Foreign exchange movements	140,594
Convetible debt, ending	7,153,446
Accrued Interest
Accrued interest, opening balance	528,141
Interest expense	572,826
Conversion to equity	(126,443)
Foreign exchange movements	3,727
Accrued interest, ending balance	978,251
Debenture Discount
Debenture Discount, opening balance	(4,588,215)
Amortization	2,832,928
Debenture Discount, ending balance	$ (1,755,287)

Notes Payable (Details Narrativ

Notes Payable (Details Narrative)	Sep. 30, 2019USD ($)	Sep. 30, 2019EUR (€)	Jan. 30, 2019EUR (€)	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Promissory note payable | $	$ 1,397,815
Virtual Generation [Member]
Debt Instrument [Line Items]
Promissory note payable			€ 3,803,000
Virtual Generation [Member] | Related Party [Member]
Debt Instrument [Line Items]
Promissory note payable		€ 1,521,000
Virtual Generation [Member] | Non Related Party [Member]
Debt Instrument [Line Items]
Promissory note payable		€ 2,281,800

Notes Payable (Details)

Notes Payable (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Present value discount on future payments
Promissory note payable	$ 1,397,815
Notes payable, long term	244,728
Notes Payable [Member]
Principal Outstanding
Promissory note due to non-related parties, beginning	2,745,811
Settled by the issuance of common shares	(451,356)
Repayment of promissory notes	(399,865)
Foreign exchange movements	(103,687)
Promissory note due to non-related parties, ending	1,790,903
Present value discount on future payments
Present value discount, beginning	(242,089)
Amortization	84,906
Foreign exchange movements	8,823
Present value discount, ending	(148,360)
Notes payable, net	$ 1,642,543

Bank Loan Payable (Details Narr

Bank Loan Payable (Details Narrative) - Bank Loan [Member]	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019EUR (€)	Sep. 30, 2016USD ($)	Sep. 30, 2016EUR (€)	Sep. 30, 2019EUR (€)
Proceeds for notes payable			$ 580,000	€ 500,000
Number of payments			57	57
Monthly installments				€ 9,760
Payments on Loan	$ 66,146	€ 58,560
Principal payments	59,007				€ 52,239
Interest payments	$ 7,140	€ 6,321

Warrants (Details Narrative)

Warrants (Details Narrative) - 12 months ended Dec. 31, 2018 - Investors [Member]	$ / sharesshares	CAD ($)shares
Debenture carrying value | $		$ 1,000
Warrants to purchase shares | shares		1,082.25
Warrant price | $ / shares	$ 0.50
Common stock, shares issued for private placement, shares | shares	832.50
Price per share | $ / shares	$ 0.50

Warrants (Details)

Warrants (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Weighted Average Exercise Price Per Common Share
Outstanding at end of period	$ 2.86
Warrant [Member]
Warrant Shares [Rollforward]
Outstanding at beginning of period	8,713,064	612,528
Issued during the period		8,767,064
Excercised during the period		(216,000)
Canceled during the period		(326,088)
Expired during the period		(124,440)
Outstanding at end of period	8,713,064	8,713,064
Exercisable at end of period	$ 8,713,064	$ 8,713,064	$ 561,528
Weighted Average Exercise Price Per Common Share
Outstanding at beginning of period	$ 0.50	$ 0.54
Issued during the period		0.50
Canceled during the period		0.63
Exercised during the period		0.58
Expired during the period		0.58
Outstanding at end of period	0.50	0.50
Exercisable at end of period	$ 0.50	$ 0.50	$ 0.56
Weighted Average Life per Warrant
Exercisable at end of period	9 months

Stock Options - Assumptions (De

Stock Options - Assumptions (Details)	9 Months Ended
	Sep. 30, 2019$ / shares
Expected life of options	9 years 5 months 5 days
Stock options [Member]
Expected dividend rate	0.00%
Stock options [Member] | Minimum [Member]
Exercise price per share	$ 2.72
Risk free interest rate	150.00%
Expected life of options	7 years
Expected volatility of underlying stock	237.40%
Stock options [Member] | Maximum [Member]
Exercise price per share	$ 2.96
Risk free interest rate	204.00%
Expected life of options	10 years
Expected volatility of underlying stock	247.90%

Stock Options - Stock option ac

Stock Options - Stock option activity (Details) - $ / shares	7 Months Ended	8 Months Ended	9 Months Ended
	Jul. 31, 2019	Aug. 31, 2019	Sep. 30, 2019
Stock option Activity
Options outstanding, shares			245,313
Weighted average exercise price
Options outstanding, weighted average exercise price			$ 2.86
Stock option [Member]
Stock option Activity
Options outstanding, shares
Granted			245,313
Forfeited/cancelled
Exercised	95,313	150,000
Options outstanding, shares			245,313
Weighted average exercise price
Options outstanding, weighted average exercise price
Granted			2.86
Forfeited/cancelled
Exercised
Options outstanding, weighted average exercise price			$ 2.86

Stock Options - Stock options o

Stock Options - Stock options outstanding (Details)	9 Months Ended
	Sep. 30, 2019$ / sharesshares
Options outstanding, shares	245,313
Options oustanding, weighted average remaining years	9 years 5 months 5 days
Options outstanding, weighted average exercise price | $ / shares	$ 2.86
Options exercisable, shares	21,406
Options exercisable, weighted average exercise price | $ / shares	$ 2.96
$0.34 [Member]
Exercise price per share | $ / shares	$ 2.72
Options outstanding, shares	25,000
Options oustanding, weighted average remaining years	6 years 7 months 5 days
Options exercisable, shares
$0.35 [Member]
Exercise price per share | $ / shares	$ 2.8
Options outstanding, shares	150,000
Options oustanding, weighted average remaining years	9 years 9 months 2 days
Options exercisable, shares	3,125
$0.37 [Member]
Exercise price per share | $ / shares	$ 2.96
Options outstanding, shares	70,613
Options oustanding, weighted average remaining years	9 years 7 months 7 days
Options exercisable, shares	18,281

Stock Options (Details Narrativ

Stock Options (Details Narrative) - USD ($)		7 Months Ended	8 Months Ended	9 Months Ended
		Jul. 31, 2019	Aug. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Stock Options available				904,687	1,150,000
Options outstanding, shares				245,313
Fair values of options				$ 701,957
Per share				$ 2.86
Unvested options, shares				1,791,250
Unvested options, amount				$ 612,997
Stock option [Member]
Stock options issued for common stock		95,313	150,000
Options outstanding, shares				245,313
Chief Financial Officer [Member]
Stock options issued for common stock		25,000
Chief Excutive Officer [Member]
Stock options issued for common stock		39,375
Directors [Member]
Stock options issued for common stock		30,938
Executives [Member]
Stock options issued for common stock	[1]		25,000
[1]	Six Executive Officers

Revenues (Details)

Revenues (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Total Turnover	$ 115,909,155	$ 87,869,795	$ 352,150,024	$ 278,469,105
Less: Winnings/payouts	108,222,034	79,292,508	323,898,107	251,109,834
Gross Gaming Revenues	7,687,121	8,577,287	28,251,917	27,359,271
Less: ADM Gaming Taxes	1,097,725	803,407	3,464,464	2,369,256
Net Gaming Revenues	6,589,396	7,773,880	24,787,453	24,990,015
Add: Commission Revenues	75,199	5,964	137,631	123,117
Add: Service Revenues	91,250	43,442	202,410	126,680
Revenue	6,755,845	7,823,286	25,127,494	25,239,812
Handle Web-based [Member]
Total Turnover	46,455,077	52,062,617	221,678,726	153,154,375
Less: Winnings/payouts	46,114,283	47,299,439	210,234,778	144,605,117
Handle Land-based [Member]
Total Turnover	69,454,078	35,807,178	130,471,298	125,314,730
Less: Winnings/payouts	$ 62,107,751	$ 31,993,069	$ 113,663,329	$ 106,504,717

Net Loss per Common Share - Net

Net Loss per Common Share - Net Loss per share (Details) - shares	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Earnings Per Share [Abstract]
Options	245,313
Warrants	1,089,474	1,089,474
Convertible debentures	2,541,156	2,856,764
Anti-dilutive shares	3,875,943	3,946,238

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	9 Months Ended
	Sep. 30, 2019USD ($)
Income Tax Disclosure [Abstract]
Net operating loss carryforward	$ 4,000,000
Italy corporate tax rate	28.82%
Austrian corporate tax rate	25.00%
U.S. statutory rate	35.00%

Subsequent events (Details)

Subsequent events (Details) - Subsequent Events [Member]	1 Months Ended
	Nov. 14, 2019USD ($)
Principal of debt	$ 100,000
Conversion to equity	898,340
Settled by the issuance of common shares	$ 368,992