Elys BMG (ELYS) 10-Q 14 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 11, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-39170
Entity Registrant Name	ELYS GAME TECHNOLOGY, CORP.
Entity Central Index Key	0001080319
Entity Tax Identification Number	33-0823179
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	130 Adelaide Street, West
Entity Address, Address Line Two	Suite 701
Entity Address, City or Town	Toronto
Entity Address, State or Province	ON
Entity Address, Country	CA
Entity Address, Postal Zip Code	M5H 2K4
City Area Code	628
Local Phone Number	258-5148
Title of 12(b) Security	Common Stock
Trading Symbol	ELYS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		30,360,810

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 4,690,034	$ 7,319,765
Accounts receivable	593,114	271,161
Gaming accounts receivable	1,116,713	2,418,492
Prepaid expenses	2,968,452	968,682
Related party receivable	8,318	1,413
Other current assets	372,561	403,972
Total Current Assets	9,749,192	11,383,485
Non-Current Assets
Restricted cash	332,606	386,592
Property, plant and equipment	617,906	490,079
Right of use assets	1,276,733	589,288
Intangible assets	14,403,191	15,557,561
Goodwill	16,164,049	16,164,337
Marketable securities	50,749	7,499
Total Non-Current Assets	32,845,234	33,195,356
Total Assets	42,594,426	44,578,841
Current Liabilities
Bank overdraft		7,520
Accounts payable and accrued liabilities	5,237,836	6,820,279
Gaming accounts payable	2,882,813	2,610,305
Taxes payable	401,933	47,787
Advances from related parties	161	502
Promissory notes payable, related parties	374,347	51,878
Operating lease liability	313,981	244,467
Financial lease liability	6,937	8,347
Bank loan payable, current portion	3,122	36,094
Total Current Liabilities	9,221,130	9,827,179
Non-Current Liabilities
Contingent Purchase Consideration	14,257,232	12,859,399
Deferred tax liability	3,053,362	3,291,978
Operating lease liability	977,456	340,164
Financial lease liability	1,439	7,716
Bank loan payable	148,968	151,321
Equipment funding loan, related parties	360,355
Other long-term liabilities	380,012	359,567
Total Non-Current Liabilities	19,178,824	17,010,145
Total Liabilities	28,399,954	26,837,324
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; 30,360,810 and 23,363,732 shares issued and outstanding as of September 30, 2022 and December 31, 2021	3,036	2,336
Additional paid-in capital	73,756,657	66,233,292
Accumulated other comprehensive loss	(1,129,079)	(251,083)
Accumulated deficit	(58,436,142)	(48,243,028)
Total Stockholders' Equity	14,194,472	17,741,517
Total Liabilities and Stockholders’ Equity	$ 42,594,426	$ 44,578,841

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	80,000,000	80,000,000
Common Stock, Shares, Issued	30,360,810	23,363,732
Common Stock, Shares, Outstanding	30,360,810	23,363,732

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Revenue	$ 9,591,294	$ 8,030,082	$ 32,175,015	$ 33,877,359
Costs and Expenses
Selling expenses	6,874,581	6,054,757	24,029,532	26,333,156
General and administrative expenses	5,808,768	5,075,300	15,589,410	13,975,455
Restructuring and severance expenses			1,205,689
Total Costs and Expenses	12,683,349	11,130,057	40,824,631	40,308,611
Loss from Operations	(3,092,055)	(3,099,975)	(8,649,616)	(6,431,252)
Other (Expenses) Income
Other income	21,931	74,327	90,783	444,689
Other expense	(45,528)	(384)	(56,539)	(28,522)
Interest expense, net of interest income	(9,104)	(4,705)	(22,641)	(14,748)
Change in fair value of contingent purchase consideration	(482,059)	(569,076)	(1,397,833)	(569,076)
Amortization of present value discount				(12,833)
(Loss) gain on marketable securities	(49,250)	(200,000)	43,250	(292,500)
Total Other (Expenses) Income	(564,010)	(699,838)	(1,342,980)	(472,990)
Loss Before Income Taxes	(3,656,065)	(3,799,813)	(9,992,596)	(6,904,242)
Income tax provision	(167,574)	284,636	(200,518)	8,136
Net Loss	(3,823,639)	(3,515,177)	(10,193,114)	(6,896,106)
Other Comprehensive Loss
Foreign currency translation adjustment	(367,765)	(154,572)	(877,996)	(413,917)
Comprehensive Loss	$ (4,191,404)	$ (3,669,749)	$ (11,071,110)	$ (7,310,023)
Loss per common share – basic and diluted	$ (0.14)	$ (0.15)	$ (0.41)	$ (0.33)
Weighted average number of common shares outstanding – basic and diluted	26,942,389	23,080,193	24,871,319	22,205,785

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 2,003	$ 53,064,919	$ 267,948	$ (33,178,517)	$ 20,156,353
Shares, Issued at Dec. 31, 2020	20,029,834
Proceeds from warrants exercised	$ 149	3,909,832			3,909,981
Proceeds from warrants exercised, shares	1,488,809
Common stock issued to settle liabilities	$ 47	2,676,854			2,676,901
Common stock issued to settle liabilities, shares	467,990
Restricted stock compensation	$ 2	139,998			140,000
Restricted stock compensation, shares	24,476
Stock based compensation expense		288,968			288,968
Foreign currency translation adjustment			(344,088)		(344,088)
Net loss				(609,579)	(609,579)
Ending balance, value at Mar. 31, 2021	$ 2,201	60,080,571	(76,140)	(33,788,096)	26,218,536
Shares, Issued at Mar. 31, 2021	22,011,109
Beginning balance, value at Dec. 31, 2020	$ 2,003	53,064,919	267,948	(33,178,517)	20,156,353
Shares, Issued at Dec. 31, 2020	20,029,834
Proceeds from prefunded warrants
Ending balance, value at Sep. 30, 2021	$ 2,330	65,640,086	(145,969)	(40,074,623)	25,421,824
Shares, Issued at Sep. 30, 2021	23,297,932
Beginning balance, value at Mar. 31, 2021	$ 2,201	60,080,571	(76,140)	(33,788,096)	26,218,536
Shares, Issued at Mar. 31, 2021	22,011,109
Proceeds from warrants exercised	$ 1	12,499			12,500
Proceeds from warrants exercised, shares	5,000
Stock based compensation expense		291,162			291,162
Foreign currency translation adjustment			84,743		84,743
Net loss				(2,771,350)	(2,771,350)
Ending balance, value at Jun. 30, 2021	$ 2,202	60,384,232	8,603	(36,559,446)	23,835,591
Shares, Issued at Jun. 30, 2021	22,016,109
Shares issued in consideration of acquisition	$ 127	4,544,177			4,544,304
Shares issued in consideration of acquisition, shares	1,265,823
Proceeds from warrants exercised	$ 1	39,999			40,000
Proceeds from warrants exercised, shares	16,000
Stock based compensation expense		671,678			671,678
Foreign currency translation adjustment			(154,572)		(154,572)
Net loss				(3,515,177)	(3,515,177)
Ending balance, value at Sep. 30, 2021	$ 2,330	65,640,086	(145,969)	(40,074,623)	25,421,824
Shares, Issued at Sep. 30, 2021	23,297,932
Ending balance, value at Dec. 31, 2021	$ 2,336	66,233,292	(251,083)	(48,243,028)	17,741,517
Shares, Issued at Dec. 31, 2021	23,363,732
Proceeds from open market sales	$ 6	131,559			131,565
Proceeds from open market sales, shares	56,472
Brokers Fees on open market sales		(3,949)			(3,949)
Restricted stock compensation	$ 16	424,984			425,000
Restricted stock compensation, shares	162,835
Stock based compensation expense		597,972			597,972
Foreign currency translation adjustment			(151,775)		(151,775)
Net loss				(2,554,216)	(2,554,216)
Ending balance, value at Mar. 31, 2022	$ 2,358	67,383,858	(402,858)	(50,797,244)	16,186,114
Shares, Issued at Mar. 31, 2022	23,583,039
Beginning balance, value at Dec. 31, 2021	$ 2,336	66,233,292	(251,083)	(48,243,028)	17,741,517
Shares, Issued at Dec. 31, 2021	23,363,732
Proceeds from prefunded warrants					512,813
Ending balance, value at Sep. 30, 2022	$ 3,036	73,756,657	(1,129,079)	(58,436,142)	14,194,472
Shares, Issued at Sep. 30, 2022	30,360,810
Beginning balance, value at Mar. 31, 2022	$ 2,358	67,383,858	(402,858)	(50,797,244)	16,186,114
Shares, Issued at Mar. 31, 2022	23,583,039
Proceeds from open market sales	$ 11	255,477			255,488
Brokers Fees on open market sales		(7,663)			(7,663)
Proceeds from private placement	263	2,486,925			2,487,188
Proceeds from prefunded warrants		512,758			512,758
Brokers fees on private placement		(245,950)			(245,950)
Stock based compensation expense		1,296,118			1,296,118
Foreign currency translation adjustment			(358,456)		(358,456)
Net loss				(3,815,259)	(3,815,259)
Ending balance, value at Jun. 30, 2022	$ 2,632	71,681,523	(761,314)	(54,612,503)	16,310,338
Shares, Issued at Jun. 30, 2022	26,319,583
Proceeds from open market sales, shares	111,544
Proceeds from private placement, shares	2,625,000
Proceeds from warrants exercised	$ 54				54
Proceeds from warrants exercised, shares	541,227
Restricted stock compensation	$ 350	1,587,250			1,587,600
Restricted stock compensation, shares	3,500,000
Stock based compensation expense		487,884			487,884
Foreign currency translation adjustment			(367,765)		(367,765)
Net loss				(3,823,639)	(3,823,639)
Ending balance, value at Sep. 30, 2022	$ 3,036	$ 73,756,657	$ (1,129,079)	$ (58,436,142)	$ 14,194,472
Shares, Issued at Sep. 30, 2022	30,360,810

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Statement of Cash Flows [Abstract]
Net Loss	$ (10,193,114)	$ (6,896,106)
Adjustments to reconcile net loss to net cash Used in Operating Activities
Depreciation and amortization	1,315,593	885,437
Change in fair value of contingent purchase consideration	1,397,833	569,076
Amortization of present value discount		12,833
Restricted stock awards	2,012,600	140,000
Stock option compensation expense	2,381,974	1,251,808
Non-cash interest	17,637	6,788
Unrealized (gain) loss on trading securities	(43,250)	292,500
Movement in deferred taxation	(238,616)	(116,896)
Gain on Government relief loan forgiven		(7,992)
Changes in Operating Assets and Liabilities (Net of assets acquired and liabilities assumed)
Prepaid expenses	(2,043,015)	(458,601)
Accounts payable and accrued liabilities	(1,013,194)	(1,095,287)
Accounts receivable	(282,002)	79,467
Gaming accounts receivable	981,478	89,293
Gaming accounts liabilities	693,455	516,302
Taxes payable	391,339	(110,385)
Due from related parties	(8,026)	(1,968)
Other current assets	(19,838)	(134,648)
Long term liabilities	76,916	(280,230)
Net Cash Used in Operating Activities	(4,572,230)	(5,258,609)
Cash Flows from Investing Activities
Acquisition of subsidiary, net of cash of $26,161		(5,973,839)
Acquisition of property, plant and equipment and intangible assets	(355,939)	(135,835)
Net Cash Used in Investing Activities	(355,939)	(6,109,674)
Cash Flows from Financing Activities
Proceeds from warrants exercised		3,962,482
Proceeds from bank overdraft		1,045
Repayment of bank overdraft	(7,043)
Repayment of bank credit line		(500,000)
Repayment of bank loan	(33,041)	(100,850)
Redemption of convertible debentures		(27,562)
Proceeds from promissory notes, related party	305,000
Proceeds from equipment funding, related party	360,000
Repayment of Government relief loan		(25,438)
Proceeds from subscriptions – net of fees	2,616,679
Proceeds from. Pre-funded warrants	512,813
Repayment of deferred purchase consideration, non-related parties		(385,121)
Repayment of deferred purchase consideration, related parties		(25,262)
Repayment of financial leases	(5,926)	(8,108)
Net Cash Provided by Financing Activities	3,748,482	2,891,186
Effect of change in exchange rate	(1,504,030)	(766,233)
Net decrease in cash	(2,683,717)	(9,243,330)
Cash, cash equivalents and restricted cash – beginning of the period	7,706,357	20,044,769
Cash, cash equivalents and restricted cash – end of the period	5,022,640	10,801,439
Reconciliation of cash, cash equivalents and restricted cash within the Balance Sheets to the Statement of Cash Flows
Cash and cash equivalents	4,690,034	9,408,035
Restricted cash included in non-current assets	332,606	1,393,404
Supplemental disclosure of cash flow information
Interest	5,855	22,609
Income tax	84,988	266,211
Supplemental cash flow disclosure for non-cash activities
Common stock issued to settle liabilities		2,676,901
Common shares issued in consideration of acquisition (Refer Note 3 below)		$ 4,544,304

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical)	9 Months Ended
	Sep. 30, 2021 USD ($)
Statement of Cash Flows [Abstract]
Acquisition of subsidiary, net cash	$ 26,161

1. Nature of Business

1. Nature of Business	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
1. Nature of Business	1. Nature of Business Established in the state of Delaware in 1998, Elys Game Technology, Corp (“Elys” or the “Company”), provides gaming services in the U.S. market via Elys Gameboard Technologies, LLC and Bookmakers Company US, LLC (“USB”) in certain licensed states where the Company offers bookmaking and platform services to the Company’s customers. The Company’s intention is to focus its attention on expanding the U.S. market. The Company recently began operation in Washington D.C. through a Class B Managed Service Provider and Class B Operator license to operate a sportsbook within the Grand Central Restaurant and Sportsbook located in the Adams Morgan area of Washington, D.C., and in October 2021 the Company entered into an agreement with Ocean Casino Resort in Atlantic City, New Jersey, to provide platform and bookmaking services. Ocean Casino Resort began using the Company’s platform and bookmaking services in March 2022. The Company also provides business-to-consumer (“B2C”) gaming services in Italy through its subsidiary, Multigioco, which operations are carried out via both land-based or online retail gaming licenses regulated by the Agenzia delle Dogane e dei Monopoli (“ADM”) that permits the Company to distribute leisure betting products such as sports betting, and virtual sports betting products through both physical, land-based retail locations as well as online through the Company’s licensed website www.newgioco.it or commercial webskins linked to the Company’s licensed website and through mobile devices. Management implemented a consolidation strategy in the Italian market by integrating all B2C operations into Multigioco and allowed the Austrian Bookmakers license, that was regulated by the Austrian Federal Finance Ministry (“BMF”), to terminate. Additionally, the Company provides business-to-business (“B2B”) gaming technology through its Odissea subsidiary which owns and operates a betting software designed with a unique “distributed model” architecture colloquially named Elys Game Board (the “Platform”). The Platform is a fully integrated “omni-channel” framework that combines centralized technology for updating, servicing and operations 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, built-in sports book and a virtual sports platform through its Virtual Generation subsidiary. The Platform also provides seamless application programming interface integration of third-party supplied products such as online casino, poker, lottery and horse racing and has the capability to incorporate e-sports and daily fantasy sports providers. Management implemented a growth strategy to expand B2B gaming technology operations in the U.S. and is considering further expansion in Canada and Latin American countries in the near future. Strategic agreements entered into with Lottomatica (currently known as G.B.O, S.p.A) During the second quarter of the 2022 financial year, the Company entered into a Master Technology Development and License Agreement and a Technical Services Agreement with Lottomatica to develop and provide a dedicated Sports Betting Platform (“SBP”) for use in both land-based and on-line applications by Lottomatica in the U.S. and Canadian markets, as well as potentially worldwide. The contract is for a period of ten years, after which the source code will be assigned to Lottomatica. An option was also granted to Lottomatica that after a period of four years from the commencement of the provision of the SBP, that Lottomatica may acquire the source code to the SBP for €4.0 million. The Technical Services Agreement was entered into with the Company’s subsidiary Odissea to provide engineering services, develop and deliver the software and provide operational and product management support to Lottomatica on the SBP. The initial term of the agreement is for a period of ten years and is based on cost plus a percentage of the services provided. In a separate Virtual Service Agreement entered into between the Company’s subsidiary Virtual Generation and Goldbet S.p.A., a subsidiary of Lottomatica, whereby Virtual Generation will license virtual event content to be implemented on the Lottomatica’s Platform throughout the Lottomatica vast network of retail outlets and on the online services in Italy. The agreement provides for an exclusivity period of two years from the date of certification of the virtual platform by the Italian regulator (ADM), which will only allow Lottomatica and the Company to make use of the platform. Virtual Generation will generate commission revenue based on a percentage of Net Gaming Revenues. In a separate Assignment Agreement entered into between the Company’s subsidiary, Multigioco, Lottomatica assigned ownership of approximately 100 Sports Rights to Multigioco, which will allow Multigioco to expand its land-based distribution network to approximately 110 point-of-sale locations. Multigioco activated approximately 30 location rights during the third quarter of 2022 and expects to activate an additional 50 locations over the remainder of the 2022 calendar year, and the remaining 20 locations through the first quarter of 2023. These rights are only valid until the ADM puts new location rights up for tender, which could take place at any time, and therefore were assigned a minimal value. The entities included in these unaudited condensed consolidated financial statements are as follows: Name Acquisition or Formation Date Domicile Functional Currency Elys Game Technology, Corp. (“Elys”) Parent Company USA U.S. dollar Multigioco Srl (“Multigioco”) August 15, 2014 Italy Euro Ulisse GmbH (“Ulisse”) July 1, 2016 Austria Euro Odissea Betriebsinformatik Beratung GmbH (“Odissea”) July 1, 2016 Austria Euro Virtual Generation Limited (“VG”) January 31, 2019 Malta Euro Newgioco Group Inc. (“NG Canada”) January 17, 2017 Canada Canadian dollar Elys Technology Group Limited April 4, 2019 Malta Euro Newgioco Colombia SAS November 22, 2019 Colombia Colombian peso Elys Gameboard Technologies, LLC May 28, 2020 USA U.S. dollar Bookmakers Company US, LLC July 15, 2021 USA U.S. dollar The Company operates in two lines of business: (i) the operating of web based betting as well as land based leisure betting establishments situated throughout Italy and; (ii) provider of certified betting Platform software services to global leisure betting establishments and operators. The Company’s operations are carried out through the following four geographically organized groups: a) an operational group based in Europe that maintains administrative offices headquartered in Rome, Italy with satellite offices for operations administration in Naples and Teramo, Italy and San Gwann, Malta; b) an operational group based in the U.S. with offices in Las Vegas, Nevada; c) a technology group which is based in Innsbruck, Austria and manages software development, training, and administration; and d) a corporate group which is based in North America and maintains an executive suite in Las Vegas, Nevada and a space in Toronto, Ontario, Canada through which the Company carries-out corporate activities, handles day-to-day reporting and U.S. development planning, and through which various employees, independent contractors and vendors are engaged.

2. Accounting Policies and Esti

2. Accounting Policies and Estimates	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
2. Accounting Policies and Estimates	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, 2022 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2022. The balance sheet at December 31, 2021 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 for the fiscal year ended December 31, 2021, as filed with the U.S. Securities and Exchange Commission (“SEC”) on April 15, 2022. All amounts referred to in the Notes to the unaudited condensed consolidated financial statements are in United States Dollars ($) unless stated otherwise. The Company previously had a secondary listing on the NEO exchange in Canada, which was terminated on December 31, 2021. For the purposes of its previous listing in Canada, the Company is an “SEC Issuer” as defined under National Instrument 52-107 “Accounting Principles and Audit Standards” “Continuous Disclosure Obligations” Principles of consolidation The unaudited condensed consolidated financial statements include the financial statements of the Company and its subsidiaries, all of which are wholly owned. All significant inter-company accounts and transactions have been eliminated in the unaudited condensed consolidated financial statements. Foreign operations The Company translated the assets and liabilities of its foreign subsidiaries into U.S. dollars at the exchange rate in effect at quarter end and the results of operations and cash flows at the average rate throughout the quarter. The translation adjustments are recorded directly as a separate component of stockholders’ equity, while transaction gains (losses) are included in net income (loss). All revenues were generated in Euro, Colombian Peso and U.S. dollars Gains and losses from foreign currency transactions are recognized in current operations. 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. Use of Estimates The preparation of unaudited condensed consolidated 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 and liabilities assumed, allocation of purchase price, impairment of long-lived assets, the collectability of receivables, leasing arrangements, contingent purchase consideration, contingencies 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 the Company’s industry and general economic conditions. It is possible that these external factors could have an effect on the Company’s estimates that could cause actual results to differ from the Company’s estimates. The Company re-evaluates all of its accounting estimates at least quarterly based on these conditions and records adjustments when necessary. Loss Contingencies The Company may be subject to claims, suits, government investigations, and other proceedings involving competition and antitrust, intellectual property, gaming license, privacy, indirect taxes, labor and employment, commercial disputes, content generated by our users, goods and services offered by advertisers or publishers using the Company’s 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 it believes that it is both probable that a loss has been incurred, and the amount can be reasonably estimated. If the Company determines that a loss is possible, and a range of the loss can be reasonably estimated, it discloses the range of the possible loss in the Notes to the unaudited condensed Consolidated Financial Statements. The Company evaluates, on a regular basis, developments in its 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 makes 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 the Company’s estimates and assumptions change or prove to have been incorrect, it could have a material impact on its 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 the Company’s operations or financial condition. The Company has insured and continues to insure against most of these types of claims. 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 using estimates and assumptions developed by us, which reflect those that a market participant would use. The carrying value of the Company’s accounts receivables, gaming accounts receivable, accounts payable, gaming accounts payable and bank loans payable approximate fair value because of the short-term maturity of these financial instruments. Derivative Financial Instruments ASC 815 generally provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments. These three criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re- measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument subject to the requirements of ASC 815. ASC 815 also provides an exception to this rule when the host instrument is deemed to be conventional, as described. 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, 2022 and December 31, 2021, respectively. The Company primarily places cash balances in the USA 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 $ 250,000 100,000 €100,000 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 no bad debt expense for the three and nine months ended September 30, 2022. 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 of winnings 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 its 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 and Equipment Property and equipment is 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 and equipment. All other expenditures are recognized as expenses in the statement of operations 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: Plant and Equipment Useful lives Description Useful Life Leasehold improvements Life of the underlying lease Computer and office equipment 3 to 5 years Furniture and fittings 7 to 10 years Computer Software 3 to 5 years Vehicles 4 to 5 years 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: Intangible Useful lives Description Useful Life Betting Platform Software 15 years Multigioco and Rifa ADM Licenses 1.5 to 7 years Location contracts 5 to 7 years Customer relationships 10 to 18 years Trademarks/Tradenames 10 to 14 years Websites 5 years Non-compete agreements 4 years 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 reporting units exceed their fair values 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 the reporting units exceeds their fair value. If the carrying amount of the reporting units exceeds their fair value, an asset impairment charge will be recognized in an amount equal to that excess. Goodwill was recently assessed on December 31, 2021 and as of September 30, 2022 there were no qualitative indications that impairment of intangible assets or goodwill may be appropriate. The Company is currently assessing the financial position and the future direction of its USB subsidiary and will enter into a mediation process with the executive management of USB. The outcome of this mediation is uncertain and until such time as the Company has determined an appropriate course of action, which is dependent on the outcome of the mediation and possible legal action initiated by the Company, the ability to project future business and profitability is uncertain. The Company expects to determine an appropriate course of action within the next three to six months, at which time the decision around impairment of the carrying value of the USB assets will be determinable. Leases The Company accounts for leases in terms of ASC 842. In terms of ASC 842, the Company assesses whether any asset based leases entered into for periods longer than twelve months meet the definition of financial leases or operating leases, by evaluating the terms of the lease, including the following; the duration of the lease; the implied interest rate in the lease; the cash flows of the lease; and whether the Company intends to retain ownership of the asset at the end of the lease term. Leases which imply that the Company will retain ownership at the end of the lease term are classified as financial leases, are included in plant and equipment with a corresponding financial liability raised at the date of lease inception. Interest incurred on financial leases are expensed using the effective interest rate method. Leases which imply that the Company will not acquire the asset at the end of the lease term are classified as operating leases, the Company’s right to use the asset is reflected as a non-current right of use asset with a corresponding operational lease liability raised at the date of lease inception. The right of use asset and the operational lease liability are amortized over the right of use period using the effective interest rate implied in the operating lease agreement. 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. The Company has no material uncertain tax positions for any of the reporting periods presented. 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. Contingent Purchase Consideration The Company estimates and records the acquisition date estimated fair value of contingent consideration as part of the purchase price consideration for acquisitions. At each reporting period, the Company estimates changes in the fair value of contingent consideration, and any change in fair value is recognized in the Consolidated Statements of Operations and Comprehensive Income (Loss). An increase in the earn-out expected to be paid will result in a charge to operations in the year that the anticipated fair value of contingent consideration increases, while a decrease in the earn-out expected to be paid will result in a credit to operations in the year that the anticipated fair value of contingent consideration decreases. The estimate of the fair value of contingent consideration requires subjective assumptions to be made regarding future operating results, discount rates, and probabilities assigned to various potential operating result scenarios. Future revisions to these assumptions could materially change the estimate of the fair value of contingent consideration and therefore, materially affect the Company’s future financial results. Additional information regarding contingent consideration is provided in Note 3. Revenue Recognition 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 Betting Platform include software licensing fees, training, installation, and product support services. The Company does not sell its proprietary software. 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. · Training fees and installation fees are recognized when each task has been completed. · Product support services are recognized based on the nature of the agreement with our customers, ad-hoc support service revenue will be recognized when the task is completed and revenue from product support service contracts will be recognized on a periodic basis where we charge a recurring fee to provide ongoing support services. 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. 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 reflect the potential dilution of securities that could share in the earnings of an entity and include options and warrants, adding back any expenditure directly associated with the convertible instruments, if any. When the Company incurs a net loss, the effect of the Company’s outstanding stock options and warrants and convertible debt are not included in the calculation of diluted earnings (loss) per share as the effect would be anti-dilutive. 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 The FASB issued several updates during the period, none of these standards are either applicable to the Company or require adoption at a future date and none are expected to have a material impact on the consolidated financial statements upon adoption. Reporting by Segment The Company has two operating segments from which it derives revenue. These segments are: (i) the operating of web based as well as land-based leisure betting establishments situated throughout Italy and recently added land-based operations in the U.S. and (ii) provider of certified betting Platform software services to global leisure betting establishments in Italy and 8 other countries.

3. Acquisition of Subsidiaries

3. Acquisition of Subsidiaries	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
3. Acquisition of Subsidiaries	3. Acquisition of Subsidiaries On July 5, 2021, the Company entered into a Membership Purchase Agreement (the “Purchase Agreement”) to acquire 100% of Bookmakers Company US, LLC, a Nevada limited liability company doing business as USBookmaking (“USB”), from its members (the “Sellers”). On July 15, 2021 the Company consummated the acquisition of USB and in terms of the Purchase Agreement the Company acquired 100% of USB, from its members (the “Sellers”) and USB became a wholly owned subsidiary of the Company. USB is a provider of sports wagering services such as design and consulting, turn-key sports wagering solutions, and risk management. Pursuant to the terms of the Purchase Agreement, the consideration paid for all of the equity of USB was $ 6,000,000 1,265,823 4,544,304 The Purchase Agreement provided that the 38,000,000 EBITDA milestones until December 31, 2025, payable 50% aggregate number of shares to be issued pursuant to the Purchase Agreement exceeds 4,401,020 and with a cap of 5,065,000 on the aggregate number of shares to be issued. $24,716,957 The goodwill of $27,024,383 arising at the time of acquisition consists largely of the reputation and knowledge of USB in the sports betting market in the U.S. markets which should facilitate the Company’s penetration into the U.S. market. All of the goodwill was assigned to the None of the goodwill is expected to be deducted for income tax purposes. In terms of the agreement, the preliminary purchase price was allocated to the fair market value of tangible and intangible assets acquired and liabilities assumed as follows: Amount Consideration Cash $ 6,000,000 1,265,823 shares of common stock at fair market value 4,554,304 Contingent purchase consideration 24,716,957 Total purchase consideration $ 35,261,261 Recognized amounts of identifiable assets acquired and liabilities assumed Cash $ 26,161 Other Current assets 151,284 Property, plant and equipment 788 Other non-current assets 4,000 Tradenames/Trademarks 1,419,000 Customer relationships 7,275,000 Non-compete agreements 2,096,000 10,972,233 Less: liabilities assumed Current liabilities assumed (264,135 ) Non-current liabilities assumed (205,320 ) Imputed Deferred taxation on identifiable intangible acquired (2,265,900 ) (2,735,355 ) Net identifiable assets acquired and liabilities assumed 8,236,878 Goodwill 27,024,383 $ 35,261,261 The amount of revenue and earnings included in the Company’s consolidated statement of operations and comprehensive income (loss) for the nine months ended September 30, 2022 and the revenue and earnings of the combined entity had the acquisition date been January 1, 2020, is presented as follows: . Revenue Earnings Actual for the nine months ended September 30, 2022 $ 872,366 $ (1,786,317 ) 2021 Supplemental pro forma from January 1, 2021 to September 30, 2021 $ 34,288,462 $ (7,154,851 ) 2020 Supplemental pro forma from January 1, 2020 to September 30, 2020 $ 24,992,504 $ (4,810,317 ) The 2021 Supplemental pro forma information was adjusted to exclude $120,479 579,619 $802,550

4. Restricted Cash

4. Restricted Cash	9 Months Ended
	Sep. 30, 2022
Cash and Cash Equivalents [Abstract]
4. Restricted Cash	4. Restricted Cash Restricted cash consists of

5. Property, plant and equipmen

5. Property, plant and equipment	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
5. Property, plant and equipment	5. Property, plant and equipment September 30, 2022 December 31, 2021 Cost Accumulated depreciation Net book value Net book value Leasehold improvements $ 53,632 $ (34,396 ) $ 19,236 $ 27,260 Computer and office equipment 1,013,804 (742,269 ) 271,535 223,214 Fixtures and fittings 400,215 (240,619 ) 159,596 135,433 Vehicles 86,087 (56,120 ) 29,967 44,837 Computer software 281,250 (143,678 ) 137,572 59,335 $ 1,834,988 $ (1,217,082 ) $ 617,906 $ 490,079 The aggregate depreciation charge to operations was $ 152,955 $162,594

6. Leases

6. Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
6. Leases	6 . Leases Right of use assets included in the consolidated balance sheet are as follows: September 30, 2022 December 31, 2021 Non-current assets Right of use assets - operating leases, net of amortization $ 1,276,733 $ 598,288 Right of use assets - finance leases, net of depreciation – included in property, plant and equipment $ 8,092 $ 15,520 Lease costs consists of the following: Nine Months Ended September 30, 2022 2021 Finance lease cost: Amortization of financial lease assets $ 5,726 $ 8,071 Interest expense on lease liabilities 348 642 Operating lease cost 257,582 201,308 Total lease cost $ 263,656 $ 210,021 Other lease information: Nine Months Ended September 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from finance leases $ (348 ) $ (642 ) Operating cash flows from operating leases $ (257,582 ) $ (201,308 ) Financing cash flows from finance leases $ (5,926 ) $ (8,108 ) Weighted average remaining lease term – finance leases 1.24 2.43 Weighted average remaining lease term – operating leases 4.64 1.95 Weighted average discount rate – finance leases 3.73 % 3.73 % Weighted average discount rate – operating leases 2.83 % 3.23 % Maturity of Leases Finance lease liability The amount of future minimum lease payments under finance leases are as follows: Finance lease liability Amount Remainder of 2022 $ 1,810 2023 6,068 2024 704 Total undiscounted minimum future lease payments 8,582 Imputed interest (206 ) Total finance lease liability $ 8,376 Disclosed as: Current portion $ 6,937 Non-Current portion 1,439 $ 8,376 Operating lease liability The amount of future minimum lease payments under operating leases are as follows: Operating lease liability Amount Remainder of 2022 $ 92,278 2023 334,306 2024 267,418 2025 242,980 2026 and thereafter 424,226 Total undiscounted minimum future lease payments 1,361,208 Imputed interest (69,771 ) Total operating lease liability $ 1,291,437 Disclosed as: Current portion $ 313,981 Non-Current portion 977,456 $ 1,291,437

7. Intangible Assets

7. Intangible Assets	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
7. Intangible Assets	7. Intangible Assets Intangible assets consist of the following: September 30, 2022 December 31, 2021 Cost Accumulated amortization Net book value Net book value Betting platform software $ 6,149,537 $ (1,711,119 ) $ 4,438,418 $ 4,745,895 Licenses 959,804 (948,171 ) 11,633 3,413 Location contracts 1,000,000 (1,000,000 ) — — Customer relationships 8,145,927 (955,865 ) 7,190,062 7,538,533 Trademarks 1,536,586 (236,342 ) 1,300,244 1,413,887 Non-compete agreements 2,096,000 (633,167 ) 1,462,833 1,855,833 Websites 40,000 (40,000 ) — — $ 19,927,854 $ (5,524,664 ) $ 14,403,190 $ 15,557,561 The Company evaluates intangible assets for impairment on an annual 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 and the impairment is deemed to be permanent in nature. The Company recorded $1,162,438 $722,843 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 to Multigioco and Rifa, respectively as well as an Austrian Bookmaker License through the acquisition of Ulisse, which has subsequently being impaired to $0. The estimated amortization expense for all intangibles over the next five year period is as follows: Amortization Expense Amount Remainder of 2022 $ 390,245 2023 1,555,010 2024 1,551,154 2025 1,308,599 2026 1,024,767 Total estimated amortization expense $ 5,829,775

8. Goodwill

8. Goodwill	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
8. Goodwill	8. Goodwill September 30, 2022 December 31, 2021 Opening balance $ 28,687,051 $ 1,663,120 Acquisition of Bookmakers Company US, LLC — 27,024,383 Foreign exchange movements (288 ) (452 ) 28,686,763 28,687,051 Accumulated Impairment charge Opening Balance January 1 (12,522,714 ) — Impairment charge — (12,522,714 ) Closing Balance (12,522,714 ) (12,522,714 ) Goodwill net of impairment charge $ 16,164,049 $ 16,164,337 Goodwill represents the excess purchase price paid over the fair value of assets acquired, including any other identifiable intangible assets. The Company evaluates goodwill for impairment on an annual basis during the last month of each year and at an interim date if indications of impairment exist. Goodwill 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.

9. Marketable Securities

9. Marketable Securities	9 Months Ended
	Sep. 30, 2022
Investments, All Other Investments [Abstract]
9. Marketable Securities	9. Marketable Securities Investments in marketable securities consists of 2,500,000 The shares of Zoompass were last quoted on the OTC market at $0.0203 $43,250

10. Bank Loan Payable

10. Bank Loan Payable	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
10. Bank Loan Payable	10. Bank Loan Payable In September 2016, the Company obtained a loan of € 500,000 545,000 4.5% 57 €9,760 In terms of a directive by the Italian Government, in order to provide financial relief due to the COVID-19 pandemic, Multigioco was able to suspend repayments of the loan for a period of six months and the maturity date of the loan was extended to March 31, 2022, the interest rate remained the same at 4.5% above the Euro Inter Bank Offered Rate with monthly repayments revised to $ 9,971 29,913 $34,159 €29,059 33,184 €854 Included in bank loans is a Small Business Administration Disaster Relief loan (“SBA Loan”) assumed on the acquisition of USB with a principal outstanding of $150,000 3.75% $731 Since acquisition of USB, the Company has repaid principal of $3,247 5,337 The maturity of bank loans payable as of September 30, 2022 is as follows: Amount Within 1 year $ 3,122 1 to 2 years 3,241 2 to 3 years 3,365 3 to 4 years 3,493 5 years and thereafter 138,869 Total $ 152,090 Disclosed as: Current portion $ 3,122 Non-Current portion 148,968 $ 152,090

11. Contingent Purchase Conside

11. Contingent Purchase Consideration	9 Months Ended
	Sep. 30, 2022
Disclosure 11.Contingent Purchase Consideration Abstract
11. Contingent Purchase Consideration	11. Contingent Purchase Consideration In terms of the acquisition of USB disclosed in Note 3 above, the Purchase Agreement provides that the The Company had an independent third party valuation entity perform a Purchase Price Analysis which included the probability of the Sellers achieving the additional proceeds of $ 41,800,000 At each reporting period, the Company estimates changes in the fair value of contingent consideration, and any change in fair value is recognized in the Consolidated Statements of Operations and Comprehensive Income (Loss). The estimate of the fair value of contingent consideration requires subjective assumptions to be made regarding future operating results, discount rates, and probabilities assigned to various potential operating result scenarios. Due to the uncertainty regarding the achievement of the stated unadjusted accumulated EBITDA milestones and the methodology in determining the number of shares to be issued during each earnout period and the potential restriction on the number of shares available for issue, the contingent purchase consideration is classified as a liability. The Company is currently assessing the financial position and the future direction of its USB subsidiary and will enter into a mediation process with the executive management of USB. The outcome of this mediation is uncertain and until such time as the Company has determined an appropriate course of action, which is dependent on the outcome of the mediation and possible legal action initiated by the Company, the ability to project future business and profitability is uncertain. The Company expects to determine an appropriate course of action within the next three to six months, at which time the decision around impairment of the carrying value of the USB contingent purchase consideration will be determinable. September 30, 2022 December 31, 2021 Opening balance $ 12,859,399 $ — Contingent purchase consideration measured on the acquisition of USB — 24,716,957 Changes in fair value 1,397,833 (11,857,558 ) Closing balance $ 14,257,232 $ 12,859,399

12. Other Long-term Liabilities

12. Other Long-term Liabilities	9 Months Ended
	Sep. 30, 2022
Payables and Accruals [Abstract]
12. Other Long-term Liabilities	12. Other Long-term Liabilities Other long-term liabilities represent the Italian “Trattamento di Fine Rapporto” which is a severance amount set up by Italian companies to be paid to employees on termination or retirement. Balances of other long-term liabilities were as follows: September 30, 2022 December 31, Severance liability $ 380,012 $ 359,567

13. Related Parties

13. Related Parties	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
13. Related Parties	13. Related Parties Equipment loan - Related Party On September 26, 2022, the Company entered into an equipment loan agreement with Braydon Capital Corp, for the principal sum of $ 500,000 360,000 9% Braydon Capital Corp is managed by Mr. Claudio Ciavarella, the bother of the Chairman of the Board. The movement on Equipment loan - Related Party, consists of the following: September 30, 2022 Opening balance — Loan advanced $ 360,000 Loan repayments — Interest accrued 355 Closing balance $ 360,355 Related Party (Payables) Receivables The balances outstanding are as follows: Related Party Receivables September 30, December 31, Related Party payables Related Party payables Luca Pasquini $ (161 ) $ (502 ) Related Party payables Victor Salerno (374,346 ) (51,878 ) Related Party payables $ (374,507 ) $ (52,380 ) Related Party Receivables Related Party Receivables Luca Pasquini $ — $ 1,413 Luca Pasquini On January 31, 2019, the Company acquired Virtual Generation for € 4,000,000 4,576,352 Company, 800,000 915,270 800,000 500,000 300,000 500,000 604,380 112,521 300,000 $334,791 On January 22, 2021, the Company issued Mr. Pasquini 44,968 $ 257,217 On July 11, 2021, the Company entered into an agreement with Engage IT Services Srl.("Engage"), to provide gaming software and maintenance and support of the system, the total contract price was €390,000 $459,572 €1,980,000 $2,192,000 34% On September 13, 2021, Mr. Pasquini, the Company’s Vice President of Technology, resigned as a director of the Company and on October 4, 2021, Mr. Pasquini became the Global Head of Engineering of the Company’s subsidiary Odissea Betriebsinformatik Beratung GmbH and ceased to be Vice President of Technology and an executive officer of the Company. On September 26, 2022, Mr. Pasquini was awarded 500,000 $226,750 Michele Ciavarella Mr. Ciavarella, the Company’s Executive Chairman of the Board, agreed to receive $ 140,000 24,476 On January 22, 2021, the Company issued Mr. Ciavarella 175,396 1,003,265 On July 15, 2021, Mr. Ciavarella, Executive Chairman of the Company, was appointed as the interim Chief Executive Officer and President of the Company, effective July 15, 2021. Mr. Ciavarella will serve as the Company's Executive Chairman and interim Chief Executive Officer until the earlier of his resignation or removal from office. Mr. Ciavarella agreed to receive his 2021 bonus and a portion of his 2022 salary as a restricted stock award. On January 7, 2022, the Company issued Mr. Ciavarella 162,835 425,000 On September 26, 2022, Mr. Ciavarella was awarded 300,000 136,080 Carlo Reali On January 5, 2022, the Company promoted Carlo Reali to the role of Interim Chief Financial Officer. On March 29, 2022, the Company issued Mr. Reali ten-year options exercisable for 100,000 2.50 The Company does not have a formal employment or other compensation related agreement with Mr. Reali; however, Mr. Reali will continue to receive the same compensation that he currently receives which is an annual base salary of € 76,631 83,847 On September 26, 2022, Mr. Reali was awarded 200,000 90,720 Victor Salerno On July 15, 2021 the Company consummated the acquisition of USB and in terms of the Purchase Agreement the Company acquired 100% of USB, from its members (the “Sellers”). Mr. Salerno was a 68% owner of USB and received $4,080,000 6,000,000 860,760 1,265,823 Together with the consummation of the acquisition of USB, the Company entered into a 4 year employment agreement with Mr. Salerno terminating on July 14, 2025 (the “Salerno Employment Agreement”), automatically renewable for a period of one year unless notified by either party of non-renewal. The employee will earn an initial base salary of $0 and thereafter $150,000 per annum commencing on January 1, 2022. Mr. Salerno is entitled to bonuses, equity incentives and benefits consistent with those of other senior employees. Mr. Salerno may be terminated for no cause or resign for good reason, which termination would entitle him to the greater of one year’s salary or the remaining term of the employment agreement plus the highest annual incentive bonus paid to him during the past two years. If Mr. Salerno is terminated for cause he is entitled to all unpaid salary and expenses due to him at the time of termination. If the employment agreement is terminated due to death, his heirs and successors are entitled to all unpaid salary, unpaid expenses and one times his annual base salary. Termination due to disability will result in Mr. Salerno being paid all unpaid salary and expenses and one times annual salary. Pursuant to the Salerno Employment Agreement, Mr. Salerno has also agreed to customary restrictions with respect to the disclosure and use of the Company’s confidential information and has agreed that work product or inventions developed or conceived by him while employed with the Company relating to its business is the Company’s property. In addition, during the term of his employment and if terminated for cause for the 12 month period following his termination of employment, Mr. Salerno has agreed not to (1) perform services on behalf of a competing business which was the same or similar to the type of services he was authorized, conducted, offered or provided to the Company, (2) solicit or induce any of the Company’s employees or independent contractors to terminate their employment with the Company, (3) solicit any actual or prospective customers with whom he had material contact on behalf of a competing business or (4) solicit any actual or prospective vendors with whom he had material contact to support a competing business. On September 13, 2021, the Board appointed Mr. Salerno, the President and founder of the Company’s newly acquired subsidiary, USB, to serve as a member of the Board. Prior to the acquisition of USB, Mr. Salerno had advanced USB $ 100,000 $ 50,000 50,000 8 Between February 23, 2022 and September 22, 2022 Paul Sallwasser On September 13, 2021, the Company granted Mr. Sallwasser ten year options exercisable for 21,300 5.10 Steven Shallcross On January 22, 2021, the Company issued to Mr. Shallcross, a director of the Company, 5,245 30,000 On September 13, 2021, the Company granted Mr. Shallcross ten year options exercisable for 13,600 $5.10 Andrea Mandel-Mantello On June 29, 2021, the board of directors of the Company appointed Mr. Mandel-Mantello to serve as a member of the Board. The appointment was effective immediately. Mr. Mandel-Mantello serves on the audit committee of the Board. On September 13, 2021, the Company granted Mr. Mandel-Mantello ten year options exercisable for 13,600 5.10

14. Stockholders_ Equity

14. Stockholders’ Equity	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
14. Stockholders’ Equity	14. Stockholders’ Equity On January 7, 2022, the Company issued a total of 162,835 $425,000 Between March 28, 2022 and April 13, 2022, the Company sold 168,016 387,053 $11,612 SM On June 10, 2022, the Company entered into an engagement letter (the “Engagement Letter”), with H.C. Wainwright & Co., LLC (the “Placement Agent”), pursuant to which the Placement Agent agreed to serve as the exclusive placement agent for the Company, on a reasonable best efforts basis, in connection with an offering of securities (the “Offering”). The Company agreed to pay the Placement Agent an aggregate cash fee equal to 6.0% of the gross proceeds received in the Offering. The Company also agreed to pay the Placement Agent $50,000 for fees and expenses of legal counsel and up to $15,950 for clearing fees. On June 13, 2022, the Company, entered into a securities purchase agreement (the “Purchase Agreement”) with an institutional investor (the “Investor”) providing for the issuance of (i) 2,625,000 shares of the Company’s common stock, (ii) pre-funded warrants to purchase up to 541,227 shares of Common Stock (the “Pre-Funded Warrant Shares”) The shares of Common Stock, the Pre-Funded Warrants, the Pre-Funded Warrant Shares and the Warrants are collectively referred to as the “Securities.” Pursuant to the Purchase Agreement, the Investor agreed to purchase the Securities for an aggregate purchase price of $3 million. Pursuant to the Purchase Agreement, on June 15, 2022, an aggregate of 2,625,000 541,227 Pursuant to the Purchase Agreement, the Company issued a Warrant exercisable for 3,166,227 0.9475 On July 12, 2022, the pre-funded warrant disclosed in note 15 below for 541,227 0.0001 54 On September 14, 2022, the Company filed a registration statement (the “Registration Statement”) to register the resale of the Warrant Shares within 90 days of the date of the Purchase Agreement which was declared effective on September 16, 2022. On September 26, 2022, the compensation committee awarded a total of 3,500,000 1,587,600 300,000 136,080 200,000 $90,720

15. Warrants

15. Warrants	9 Months Ended
	Sep. 30, 2022
Warrants
15. Warrants	15. Warrants In terms of the Purchase Agreement discussed in note 14 above, on June 15, 2022, the Company issued, (i) Pre-Funded Warrants to purchase 541,227 shares of Common Stock with an exercise price of $0.0001 per share, which Pre-Funded Warrants were issued in lieu of shares of Common Stock to ensure that the Investor did not exceed certain beneficial ownership limitations, and (ii) Warrants to purchase 3,166,227 shares of Common Stock, with an exercise price of $0.9475 per share, subject to customary adjustments thereunder. If after the six month anniversary of the issuance date there is no effective registration statement registering the Warrant Shares for resale, then the Warrants are exercisable on a cashless basis. Each Pre-Funded Warrant is exercisable for one share of Common Stock at an exercise price of $0.0001 per share. The Pre-Funded Warrants are immediately exercisable and may be exercised at any time after their original issuance until all of the Pre-Funded Warrants are exercised in full. On July 12, 2022, the pre-funded warrant disclosed in note 15 below for 541,227 shares of common stock was exercised at an exercise price of $0.0001 per share for gross proceeds of $54.12. On September 14, 2022, the Company filed a registration statement (the “Registration Statement”) to register the resale of the Warrant Shares within 90 days of the date of the Purchase Agreement which was declared effective on September 16, 2022. Each Warrant is exercisable for one share of Common Stock at an exercise price of $0.9475 per share, subject to customary adjustments thereunder. The Warrants have a term of five years and six months, maturing on December 15, 2027 and are exercisable from December 15, 2022. A holder (together with its affiliates) of the Pre-Funded Warrant or Warrant may not exercise any portion of the Common Stock underlying the Pre-Funded Warrant or Warrant, as applicable, to the extent that the holder would own more than 4.99% (or, at the holder’s option upon issuance, 9.99%) of the Company’s outstanding Common Stock immediately after exercise, as such percentage ownership is determined in accordance with the terms of the Pre-Funded Warrant or Warrant, as applicable. In lieu of making the cash payment otherwise contemplated to be made to the Company upon exercise of a Pre-Funded Warrant or Warrant in payment of the aggregate exercise price, the holder may elect instead to receive upon such exercise (either in whole or in part) the net number of shares of Common Stock determined according to a formula set forth in Warrants, provided that such cashless exercise shall only be permitted if the Registration Statement is not effective at the time of such exercise or if the prospectus to which the Registration Statement is a part is not available for the issuance of shares of Common Stock to the Warrant holder. In addition, in certain circumstances, upon a Fundamental Transaction, the holders of the Pre-Funded Warrants and Warrants will have the right to receive as alternative consideration, for each share of Common Stock that would have been issuable upon such exercise immediately prior to the occurrence of such Fundamental Transaction, the number of shares of Common Stock of the successor or acquiring corporation of the Company, if it is the surviving corporation, and any additional consideration receivable upon or as a result of such transaction by a holder of the number of shares of Common Stock for which the Pre-Funded Warrants or Warrants are exercisable immediately prior to such event. Notwithstanding the foregoing, in the event of a Fundamental Transaction, the holders of the Warrants have the right to require the Company or a successor entity to redeem the Warrants for an amount of consideration equal to the Black Scholes Value (as defined in the Warrants) of the remaining unexercised portion of the Warrants concurrently with or within thirty (30) days following the consummation of a Fundamental Transaction. In the event of a Fundamental Transaction, the holders of the Warrants will only be entitled to receive from the Company or its successor entity, as of the date of consummation of such Fundamental Transaction the same type or form of consideration (and in the same proportion), at the Black Scholes Value of the unexercised portion of the Warrant, that is being offered and paid to the holders of the Common Stock in connection with the Fundamental Transaction, whether that consideration is in the form of cash, stock or any combination of cash and stock, or whether the holders of Common Stock are given the choice to receive alternative forms of consideration in connection with the Fundamental Transaction. A summary of all of the Company’s warrant activity during the period January 1, 2021 to September 30, 2022 is as follows: Warrants Number of shares Exercise price per share Weighted average exercise price Warrants: Number of Shares Warrants: Exercise price per share Warrants: Weighted average exercise price Outstanding January 1, 2021 2,053,145 $ 2.50 to 5.00 $ 2.63 Granted — — — Forfeited/cancelled — — — Exercised (1,506,809 ) 2.50 to 3.75 2.63 Outstanding December 31, 2021 546,336 $ 2.50 to 5.00 $ 2.66 Granted – pre-funded warrants* 541,227 0.0001 0.0001 Granted 3,166,227 0.9475 0.9475 Forfeited/cancelled (48,395 ) 3.75 3.75 Exercised – pre-funded warrants* (541,227 0.0001 0.0001 Outstanding September 30, 2022 3,664,168 $ 0.9475 to 5.00 $ 1.17 * The prefunded warrants have an indefinite maturity date and have been excluded from the calculation of the weighted average remaining years and the weighted average exercise price disclosed below. The following tables summarize information about warrants outstanding as of September 30, 2022: Warrants outstanding, Exercise Price Warrants outstanding Warrants exercisable Exercise price Number of shares Weighted average remaining years Weighted average exercise price Number of shares Weighted average exercise price $0.9475 3,166,227 5.21 $ 0.9475 — $ — $2.50 486,173 2.88 $ 2.50 486,173 $ 2.50 $5.00 11,768 0.66 5.00 11,768 5.00 3,664,168 4.89 $ 1.17 497,941 $ 2.56

16. Stock Options

16. Stock Options	9 Months Ended
	Sep. 30, 2022
Stock Options
16. Stock Options	16. Stock Options On October 1, 2020, the Board approved an amendment to the Company’s 2018 Equity Incentive Plan (the “Plan”) to increase the maximum number of shares that may be granted as an award under the Plan to any non-employee director during any one calendar year to: (i) chairperson or lead director – 300,000 On November 20, 2020, the Company held its 2020 Annual Meeting of Stockholders. At the 2020 Annual Meeting, the Company’s stockholders approved an amendment to the Company’s 2018 Equity Incentive Plan to increase the number of shares of common stock that the Company will have authority to grant under the plan by an additional 1,850,000 4,000,000 On March 29, 2022, the Company issued ten year options to purchase 160,000 $2.50 100,000 60,000 On September 25, 2022, the Company issued ten year options to purchase 110,000 $0.454 The options awarded during the nine months ended September 30, 2022 were valued at an average of $1.56 The following assumptions were used in the Black-Scholes model: Nine months ended September 30, 2022 Exercise price $ 0.454 to 2.50 Risk free interest rate 2.41 to 3.69 % Expected life of options 10 Expected volatility of underlying stock 204.2 to 205.3 % Expected dividend rate 0 % A summary of all of the Company’s option activity during the period January 1, 2021 to September 30, 2022 is as follows: Stock Option Activity Number of shares Exercise price per share Weighted average exercise price Stock Option Activity Exercise price per share Weighted Average exercise price Outstanding January 1, 2021 1,622,938 $ 1.84 to 2.96 $ 2.11 Granted 1,193,500 2.62 to 5.10 3.15 Forfeited/cancelled (50,000 ) 2.62 2.62 Exercised — — — Expired — — — Outstanding December 31, 2021 2,766,438 $ 1.84 to 5.10 $ 2.92 Granted 270,000 0.454 to 2.50 1.67 Forfeited/cancelled (652,375 ) 1.84 to 2.80 1.85 Exercised — — — Outstanding September 30, 2022 2,384,063 $ 0.454 to 5.10 $ 3.07 The following tables summarize information about stock options outstanding as of September 30, 2022: 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 $0.45 110,000 9.99 — $2.03 659,000 8.01 487,667 $2.50 160,000 9.50 — $2.72 25,000 3.75 25,000 $2.80 216,250 6.98 162,552 $2.96 70,313 6.77 70,313 $3.43 25,000 9.22 — $4.03 1,020,000 8.76 358,333 $4.07 25,000 8.79 9,000 $4.20 25,000 8.59 9,000 $5.10 48,500 8.96 48,500 2,384,063 8.39 $ 3.07384 1,170,365 $ 2.98 As of September 30, 2022, there were unvested options to purchase 1,213,698 $3,624,266 As of September 30, 2022, there was an aggregate of 2,384,063 4,155,301 460,636 The options outstanding at September 30, 2022 had an intrinsic value of $ 2,310

17. Revenues

17. Revenues	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
17. Revenues	17. Revenues The following table represents disaggregated revenues from our gaming operations for the three months and nine months ended September 30, 2022 and 2021. Net Gaming Revenues represents Turnover (also referred to as “Handle”), the total bets processed for the period, less customer winnings paid out, and taxes due to government authorities, while 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, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Turnover Turnover web-based $ 163,563,603 $ 162,471,799 $ 565,785,709 $ 613,678,568 Turnover land-based 2,924,866 1,193,778 6,528,054 13,237,738 Total Turnover 166,488,469 163,665,577 572,313,763 626,916,306 Winnings/Payouts Winnings web-based 152,545,450 152,328,198 527,323,323 572,975,466 Winnings land-based 2,208,100 1,031,217 5,166,387 11,362,524 Total Winnings/payouts 154,753,550 153,359,415 532,489,710 584,337,990 Gross Gaming Revenues 11,734,919 10,306,162 39,824,053 42,578,316 Less: ADM Gaming Taxes 2,822,830 2,515,570 9,671,040 9,129,881 Net Gaming Revenues 8,912,089 7,790,592 30,153,013 33,448,435 Service Revenues 679,205 239,490 2,022,002 428,924 Revenue $ 9,591,294 $ 8,030,082 $ 32,175,015 $ 33,877,359

18. Net loss per Common Share

18. Net loss per Common Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
18. Net loss per Common Share	18. Net loss per Common Share Basic income (loss) per share is based on the weighted-average number of common shares outstanding during each period. Diluted income (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” options and warrants using the treasury stock method and the inclusion of all convertible securities, assuming these securities were converted at the beginning of the period or at the time of issuance, if later, adding back any direct incremental expenses related to the convertible securities, including interest expense, present value discount amortization. The computation of diluted net income (loss) per share does not assume the issuance of common shares that have an anti-dilutive effect on net loss per share. The computation of the diluted income per share for the three months and nine months ended September 30, 2022 and 2021 was anti-dilutive due to the losses realized. For the three months and nine months ended September 30, 2022 and 2021, the following options and warrants 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, 2022 Three and nine Months ended September 30, 2021 Options 2,384,063 2,741,438 Warrants 3,664,168 546,336 6,048,231 3,287,774

19. Segmental Reporting

19. Segmental Reporting	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
19. Segmental Reporting	19. Segmental Reporting The Company has two reportable operating segments. These segments are: (i) Betting establishments The operating of web based as well as land based leisure betting establishments situated throughout Italy; and web based in the (ii) Betting platform software and services Provider of certified betting Platform software services to global leisure betting establishments and operators. The operating assets and liabilities of the reportable segments are as follows: Segment Reporting September 30, 2022 Betting establishments Betting platform software and services All other Total Purchase of non-current assets $ 214,805 $ 64,721 $ 76,413 $ 355,939 Assets Current assets 6,002,886 3,540,566 205,740 9,749,192 Non-current assets 2,681,303 30,048,147 115,784 32,845,234 Liabilities Current liabilities (5,904,785 ) (2,070,572 ) (1,245,773 ) (9,221,130 ) Non-current liabilities (1,358,907 ) (17,819,917 ) — (19,178,824 ) Intercompany balances 5,006,155 (3,887,691 ) (1,118,464 ) — Net asset position $ 6,426,652 $ 9,810,533 $ (2,042,713 ) $ 14,194,472 The segment operating results of the reportable segments are disclosed as follows: Nine months ended September 30, 2022 Betting establishments Betting platform software and services All other Adjustments Total Revenue $ 30,408,624 $ 1,766,391 $ — $ — $ 32,175,015 Intercompany Service revenue 74,584 1,517,807 — (1,592,391 ) — Total revenue 30,483,208 3,284,198 — (1,592,391 ) 32,175,015 Operating expenses Intercompany service expense 1,517,807 74,584 — (1,592,391 ) — Selling expenses 23,896,814 132,718 — — 24,029,532 General and administrative expenses 4,387,356 5,724,166 5,477,888 — 15,589,410 Restructuring and Severance expenses — — 1,205,689 — 1,205,689 Total operating expenses 29,801,977 5,931,468 6,683,577 (1,592,391 ) 40,824,631 Income (Loss) from operations 681,231 (2,647,270 ) (6,683,577 ) — (8,649,616 ) Other income (expense) Other income 90,781 2 — — 90,783 Other expense (47,959 ) (8,580 ) — — (56,539 ) Interest expense, net (1,069 ) (21,572 ) — — (22,641 ) Change in fair value of contingent purchase consideration — (1,397,833 ) — — (1,397,833 ) Amortization of present value discount Gain on marketable securities — — 43,250 — 43,250 Total other income (expense) 41,753 (1,427,983 ) 43,250 — (1,342,980 ) Income (Loss) before Income Taxes 722,984 (4,075,253 ) (6,640,327 ) — (9,992,596 ) Income tax provision (437,042 ) 236,524 — — (200,518 ) Net Income (Loss) $ 285,942 $ (3,838,729 ) $ (6,640,327 ) $ — $ (10,193,114 ) The operating assets and liabilities of the reportable segments are as follows: September 30, 2021 Betting establishments Betting platform software and services All other Total Purchase of non-current assets $ 25,502 $ 37,881,164 $ 43,552 $ 37,950,218 Assets Current assets 8,587,092 1,308,003 2,230,792 12,125,887 Non-current assets 6,783,911 43,666,430 1,156,085 51,606,426 Liabilities Current liabilities (6,499,182 ) (915,762 ) (1,225,532 ) (8,640,476 ) Non-current liabilities (765,779 ) (3,618,200 ) (25,286,034 ) (29,670,013 ) Intercompany balances 4,247,985 (705,171 ) (3,542,814 ) — Net asset position $ 12,354,027 $ 39,735,300 $ (26,667,503 ) $ 25,421,824 The segment operating results of the reportable segments are disclosed as follows: Nine months ended September 30, 2021 Betting establishments Betting platform software and services All other Adjustments Total Revenue $ 33,448,435 $ 428,924 $ — $ — $ 33,877,359 Intercompany Service revenue 271,518 3,323,848 — (3,595,366 ) — Total revenue 33,719,953 3,752,772 — (3,595,366 ) 33,877,359 Operating expenses Intercompany service expense 3,323,848 271,518 — (3,595,366 ) — Selling expenses 26,318,643 14,513 — — 26,333,156 General and administrative expenses 5,251,863 4,204,834 4,518,758 — 13,975,455 Total operating expenses 34,894,354 4,490,865 4,518,758 (3,595,366 ) 40,308,611 Loss from operations (1,174,401 ) (738,093 ) (4,518,758 ) — (6,431,252 ) Other income (expense) Other income 434,624 2,073 7,992 — 444,689 Other expense (23,954 ) (4,568 ) — — (28,522 ) Interest expense, net (7,486 ) (2,109 ) (5,153 ) — (14,748 ) Change in fair value of contingent purchase consideration — — (569,076 ) — (569,076 ) Amortization of present value discount — — (12,833 ) — (12,833 ) Loss on marketable securities — — (292,500 ) — (292,500 ) Total other income (expense) 403,184 (4,604 ) (871,570 ) — (472,990 ) Loss before Income Taxes (771,217 ) (742,697 ) (5,390,328 ) — (6,904,242 ) Income tax provision (50,666 ) 58,802 — — 8,136 Net Loss $ (821,883 ) $ (683,895 ) $ (5,390,328 ) $ — $ (6,896,106 )

20. Subsequent Events

20. Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
20. Subsequent Events	20. Subsequent Events 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.

2. Accounting Policies and Es_2

2. Accounting Policies and Estimates (Policies)	9 Months Ended
	Sep. 30, 2022
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, 2022 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2022. The balance sheet at December 31, 2021 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 for the fiscal year ended December 31, 2021, as filed with the U.S. Securities and Exchange Commission (“SEC”) on April 15, 2022. All amounts referred to in the Notes to the unaudited condensed consolidated financial statements are in United States Dollars ($) unless stated otherwise. The Company previously had a secondary listing on the NEO exchange in Canada, which was terminated on December 31, 2021. For the purposes of its previous listing in Canada, the Company is an “SEC Issuer” as defined under National Instrument 52-107 “Accounting Principles and Audit Standards” “Continuous Disclosure Obligations”
Principles of consolidation	Principles of consolidation The unaudited condensed consolidated financial statements include the financial statements of the Company and its subsidiaries, all of which are wholly owned. All significant inter-company accounts and transactions have been eliminated in the unaudited condensed consolidated financial statements.
Foreign operations	Foreign operations The Company translated the assets and liabilities of its foreign subsidiaries into U.S. dollars at the exchange rate in effect at quarter end and the results of operations and cash flows at the average rate throughout the quarter. The translation adjustments are recorded directly as a separate component of stockholders’ equity, while transaction gains (losses) are included in net income (loss). All revenues were generated in Euro, Colombian Peso and U.S. dollars Gains and losses from foreign currency transactions are recognized in current operations.
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.
Use of Estimates	Use of Estimates The preparation of unaudited condensed consolidated 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 and liabilities assumed, allocation of purchase price, impairment of long-lived assets, the collectability of receivables, leasing arrangements, contingent purchase consideration, contingencies 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 the Company’s industry and general economic conditions. It is possible that these external factors could have an effect on the Company’s estimates that could cause actual results to differ from the Company’s estimates. The Company re-evaluates all of its accounting estimates at least quarterly based on these conditions and records 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, gaming license, privacy, indirect taxes, labor and employment, commercial disputes, content generated by our users, goods and services offered by advertisers or publishers using the Company’s 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 it believes that it is both probable that a loss has been incurred, and the amount can be reasonably estimated. If the Company determines that a loss is possible, and a range of the loss can be reasonably estimated, it discloses the range of the possible loss in the Notes to the unaudited condensed Consolidated Financial Statements. The Company evaluates, on a regular basis, developments in its 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 makes 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 the Company’s estimates and assumptions change or prove to have been incorrect, it could have a material impact on its 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 the Company’s operations or financial condition. The Company has insured and continues to insure against most of these types of claims.
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 using estimates and assumptions developed by us, which reflect those that a market participant would use. The carrying value of the Company’s accounts receivables, gaming accounts receivable, accounts payable, gaming accounts payable and bank loans payable approximate fair value because of the short-term maturity of these financial instruments.
Derivative Financial Instruments	Derivative Financial Instruments ASC 815 generally provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments. These three criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re- measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument subject to the requirements of ASC 815. ASC 815 also provides an exception to this rule when the host instrument is deemed to be conventional, as described.
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, 2022 and December 31, 2021, respectively. The Company primarily places cash balances in the USA 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 $ 250,000 100,000 €100,000
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 no bad debt expense for the three and nine months ended September 30, 2022.
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 of winnings 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 its 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 and Equipment	Property and Equipment Property and equipment is 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 and equipment. All other expenditures are recognized as expenses in the statement of operations 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: Plant and Equipment Useful lives Description Useful Life Leasehold improvements Life of the underlying lease Computer and office equipment 3 to 5 years Furniture and fittings 7 to 10 years Computer Software 3 to 5 years Vehicles 4 to 5 years
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: Intangible Useful lives Description Useful Life Betting Platform Software 15 years Multigioco and Rifa ADM Licenses 1.5 to 7 years Location contracts 5 to 7 years Customer relationships 10 to 18 years Trademarks/Tradenames 10 to 14 years Websites 5 years Non-compete agreements 4 years
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. The Company annually assesses whether the carrying value of its reporting units exceed their fair values 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 the reporting units exceeds their fair value. If the carrying amount of the reporting units exceeds their fair value, an asset impairment charge will be recognized in an amount equal to that excess. Goodwill was recently assessed on December 31, 2021 and as of September 30, 2022 there were no qualitative indications that impairment of intangible assets or goodwill may be appropriate. The Company is currently assessing the financial position and the future direction of its USB subsidiary and will enter into a mediation process with the executive management of USB. The outcome of this mediation is uncertain and until such time as the Company has determined an appropriate course of action, which is dependent on the outcome of the mediation and possible legal action initiated by the Company, the ability to project future business and profitability is uncertain. The Company expects to determine an appropriate course of action within the next three to six months, at which time the decision around impairment of the carrying value of the USB assets will be determinable.
Leases	Leases The Company accounts for leases in terms of ASC 842. In terms of ASC 842, the Company assesses whether any asset based leases entered into for periods longer than twelve months meet the definition of financial leases or operating leases, by evaluating the terms of the lease, including the following; the duration of the lease; the implied interest rate in the lease; the cash flows of the lease; and whether the Company intends to retain ownership of the asset at the end of the lease term. Leases which imply that the Company will retain ownership at the end of the lease term are classified as financial leases, are included in plant and equipment with a corresponding financial liability raised at the date of lease inception. Interest incurred on financial leases are expensed using the effective interest rate method. Leases which imply that the Company will not acquire the asset at the end of the lease term are classified as operating leases, the Company’s right to use the asset is reflected as a non-current right of use asset with a corresponding operational lease liability raised at the date of lease inception. The right of use asset and the operational lease liability are amortized over the right of use period using the effective interest rate implied in the operating lease agreement.
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. The Company has no material uncertain tax positions for any of the reporting periods presented. 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.
Contingent Purchase Consideration	Contingent Purchase Consideration The Company estimates and records the acquisition date estimated fair value of contingent consideration as part of the purchase price consideration for acquisitions. At each reporting period, the Company estimates changes in the fair value of contingent consideration, and any change in fair value is recognized in the Consolidated Statements of Operations and Comprehensive Income (Loss). An increase in the earn-out expected to be paid will result in a charge to operations in the year that the anticipated fair value of contingent consideration increases, while a decrease in the earn-out expected to be paid will result in a credit to operations in the year that the anticipated fair value of contingent consideration decreases. The estimate of the fair value of contingent consideration requires subjective assumptions to be made regarding future operating results, discount rates, and probabilities assigned to various potential operating result scenarios. Future revisions to these assumptions could materially change the estimate of the fair value of contingent consideration and therefore, materially affect the Company’s future financial results. Additional information regarding contingent consideration is provided in Note 3.
Revenue Recognition	Revenue Recognition 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 Betting Platform include software licensing fees, training, installation, and product support services. The Company does not sell its proprietary software. 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. · Training fees and installation fees are recognized when each task has been completed. · Product support services are recognized based on the nature of the agreement with our customers, ad-hoc support service revenue will be recognized when the task is completed and revenue from product support service contracts will be recognized on a periodic basis where we charge a recurring fee to provide ongoing support services.
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.
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 reflect the potential dilution of securities that could share in the earnings of an entity and include options and warrants, adding back any expenditure directly associated with the convertible instruments, if any. When the Company incurs a net loss, the effect of the Company’s outstanding stock options and warrants and convertible debt are not included in the calculation of diluted earnings (loss) per share as the effect would be anti-dilutive.
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	Recent Accounting Pronouncements The FASB issued several updates during the period, none of these standards are either applicable to the Company or require adoption at a future date and none are expected to have a material impact on the consolidated financial statements upon adoption.
Reporting by Segment	Reporting by Segment The Company has two operating segments from which it derives revenue. These segments are: (i) the operating of web based as well as land-based leisure betting establishments situated throughout Italy and recently added land-based operations in the U.S. and (ii) provider of certified betting Platform software services to global leisure betting establishments in Italy and 8 other countries.

2. Accounting Policies and Es_3

2. Accounting Policies and Estimates (Tables)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Plant and Equipment Useful lives	Plant and Equipment Useful lives Description Useful Life Leasehold improvements Life of the underlying lease Computer and office equipment 3 to 5 years Furniture and fittings 7 to 10 years Computer Software 3 to 5 years Vehicles 4 to 5 years
Intangible Useful lives	Intangible Useful lives Description Useful Life Betting Platform Software 15 years Multigioco and Rifa ADM Licenses 1.5 to 7 years Location contracts 5 to 7 years Customer relationships 10 to 18 years Trademarks/Tradenames 10 to 14 years Websites 5 years Non-compete agreements 4 years

3. Acquisition of Subsidiaries

3. Acquisition of Subsidiaries (Tables)	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisition of subsidiaries	Amount Consideration Cash $ 6,000,000 1,265,823 shares of common stock at fair market value 4,554,304 Contingent purchase consideration 24,716,957 Total purchase consideration $ 35,261,261 Recognized amounts of identifiable assets acquired and liabilities assumed Cash $ 26,161 Other Current assets 151,284 Property, plant and equipment 788 Other non-current assets 4,000 Tradenames/Trademarks 1,419,000 Customer relationships 7,275,000 Non-compete agreements 2,096,000 10,972,233 Less: liabilities assumed Current liabilities assumed (264,135 ) Non-current liabilities assumed (205,320 ) Imputed Deferred taxation on identifiable intangible acquired (2,265,900 ) (2,735,355 ) Net identifiable assets acquired and liabilities assumed 8,236,878 Goodwill 27,024,383 $ 35,261,261
Acquisition Combined Earnings	Revenue Earnings Actual for the nine months ended September 30, 2022 $ 872,366 $ (1,786,317 ) 2021 Supplemental pro forma from January 1, 2021 to September 30, 2021 $ 34,288,462 $ (7,154,851 ) 2020 Supplemental pro forma from January 1, 2020 to September 30, 2020 $ 24,992,504 $ (4,810,317 )

5. Property, plant and equipm_2

5. Property, plant and equipment (Tables)	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Plant and equipment	September 30, 2022 December 31, 2021 Cost Accumulated depreciation Net book value Net book value Leasehold improvements $ 53,632 $ (34,396 ) $ 19,236 $ 27,260 Computer and office equipment 1,013,804 (742,269 ) 271,535 223,214 Fixtures and fittings 400,215 (240,619 ) 159,596 135,433 Vehicles 86,087 (56,120 ) 29,967 44,837 Computer software 281,250 (143,678 ) 137,572 59,335 $ 1,834,988 $ (1,217,082 ) $ 617,906 $ 490,079

6. Leases (Tables)

6. Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Right of use assets included in the consolidated balance sheet are as follows:	Right of use assets included in the consolidated balance sheet are as follows: September 30, 2022 December 31, 2021 Non-current assets Right of use assets - operating leases, net of amortization $ 1,276,733 $ 598,288 Right of use assets - finance leases, net of depreciation – included in property, plant and equipment $ 8,092 $ 15,520 Lease costs consists of the following: Nine Months Ended September 30, 2022 2021 Finance lease cost: Amortization of financial lease assets $ 5,726 $ 8,071 Interest expense on lease liabilities 348 642 Operating lease cost 257,582 201,308 Total lease cost $ 263,656 $ 210,021 Other lease information: Nine Months Ended September 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from finance leases $ (348 ) $ (642 ) Operating cash flows from operating leases $ (257,582 ) $ (201,308 ) Financing cash flows from finance leases $ (5,926 ) $ (8,108 ) Weighted average remaining lease term – finance leases 1.24 2.43 Weighted average remaining lease term – operating leases 4.64 1.95 Weighted average discount rate – finance leases 3.73 % 3.73 % Weighted average discount rate – operating leases 2.83 % 3.23 %
Leases - Finance lease liability	Finance lease liability Amount Remainder of 2022 $ 1,810 2023 6,068 2024 704 Total undiscounted minimum future lease payments 8,582 Imputed interest (206 ) Total finance lease liability $ 8,376 Disclosed as: Current portion $ 6,937 Non-Current portion 1,439 $ 8,376
Leases - Operating lease liability	Operating lease liability Amount Remainder of 2022 $ 92,278 2023 334,306 2024 267,418 2025 242,980 2026 and thereafter 424,226 Total undiscounted minimum future lease payments 1,361,208 Imputed interest (69,771 ) Total operating lease liability $ 1,291,437 Disclosed as: Current portion $ 313,981 Non-Current portion 977,456 $ 1,291,437

7. Intangible Assets (Tables)

7. Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	September 30, 2022 December 31, 2021 Cost Accumulated amortization Net book value Net book value Betting platform software $ 6,149,537 $ (1,711,119 ) $ 4,438,418 $ 4,745,895 Licenses 959,804 (948,171 ) 11,633 3,413 Location contracts 1,000,000 (1,000,000 ) — — Customer relationships 8,145,927 (955,865 ) 7,190,062 7,538,533 Trademarks 1,536,586 (236,342 ) 1,300,244 1,413,887 Non-compete agreements 2,096,000 (633,167 ) 1,462,833 1,855,833 Websites 40,000 (40,000 ) — — $ 19,927,854 $ (5,524,664 ) $ 14,403,190 $ 15,557,561
Intangible Assets - Amortization Expense	Amortization Expense Amount Remainder of 2022 $ 390,245 2023 1,555,010 2024 1,551,154 2025 1,308,599 2026 1,024,767 Total estimated amortization expense $ 5,829,775

8. Goodwill (Tables)

8. Goodwill (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	September 30, 2022 December 31, 2021 Opening balance $ 28,687,051 $ 1,663,120 Acquisition of Bookmakers Company US, LLC — 27,024,383 Foreign exchange movements (288 ) (452 ) 28,686,763 28,687,051 Accumulated Impairment charge Opening Balance January 1 (12,522,714 ) — Impairment charge — (12,522,714 ) Closing Balance (12,522,714 ) (12,522,714 ) Goodwill net of impairment charge $ 16,164,049 $ 16,164,337

10. Bank Loan Payable (Tables)

10. Bank Loan Payable (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
The maturity of bank loans payable as of September 30, 2022 is as follows:	The maturity of bank loans payable as of September 30, 2022 is as follows: Amount Within 1 year $ 3,122 1 to 2 years 3,241 2 to 3 years 3,365 3 to 4 years 3,493 5 years and thereafter 138,869 Total $ 152,090 Disclosed as: Current portion $ 3,122 Non-Current portion 148,968 $ 152,090

11. Contingent Purchase Consi_2

11. Contingent Purchase Consideration (Tables)	9 Months Ended
	Sep. 30, 2022
Disclosure 11.Contingent Purchase Consideration Abstract
Contigent Purchase Consideration	September 30, 2022 December 31, 2021 Opening balance $ 12,859,399 $ — Contingent purchase consideration measured on the acquisition of USB — 24,716,957 Changes in fair value 1,397,833 (11,857,558 ) Closing balance $ 14,257,232 $ 12,859,399

12. Other Long-term Liabiliti_2

12. Other Long-term Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Payables and Accruals [Abstract]
Other Long-term Liablitlies	September 30, 2022 December 31, Severance liability $ 380,012 $ 359,567

13. Related Parties (Tables)

13. Related Parties (Tables)	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Equipment Loan - Related Party (Details Narrative)	September 30, 2022 Opening balance — Loan advanced $ 360,000 Loan repayments — Interest accrued 355 Closing balance $ 360,355
Related Party Receivables	Related Party Receivables September 30, December 31, Related Party payables Related Party payables Luca Pasquini $ (161 ) $ (502 ) Related Party payables Victor Salerno (374,346 ) (51,878 ) Related Party payables $ (374,507 ) $ (52,380 ) Related Party Receivables Related Party Receivables Luca Pasquini $ — $ 1,413

15. Warrants (Tables)

15. Warrants (Tables)	9 Months Ended
	Sep. 30, 2022
Warrants
Warrants	Warrants Number of shares Exercise price per share Weighted average exercise price Warrants: Number of Shares Warrants: Exercise price per share Warrants: Weighted average exercise price Outstanding January 1, 2021 2,053,145 $ 2.50 to 5.00 $ 2.63 Granted — — — Forfeited/cancelled — — — Exercised (1,506,809 ) 2.50 to 3.75 2.63 Outstanding December 31, 2021 546,336 $ 2.50 to 5.00 $ 2.66 Granted – pre-funded warrants* 541,227 0.0001 0.0001 Granted 3,166,227 0.9475 0.9475 Forfeited/cancelled (48,395 ) 3.75 3.75 Exercised – pre-funded warrants* (541,227 0.0001 0.0001 Outstanding September 30, 2022 3,664,168 $ 0.9475 to 5.00 $ 1.17
Warrants oustanding, exercise price (Details Narrative)	Warrants outstanding, Exercise Price Warrants outstanding Warrants exercisable Exercise price Number of shares Weighted average remaining years Weighted average exercise price Number of shares Weighted average exercise price $0.9475 3,166,227 5.21 $ 0.9475 — $ — $2.50 486,173 2.88 $ 2.50 486,173 $ 2.50 $5.00 11,768 0.66 5.00 11,768 5.00 3,664,168 4.89 $ 1.17 497,941 $ 2.56

16. Stock Options (Tables)

16. Stock Options (Tables)	9 Months Ended
	Sep. 30, 2022
Stock Options
Stock Option Activity	Stock Option Activity Number of shares Exercise price per share Weighted average exercise price Stock Option Activity Exercise price per share Weighted Average exercise price Outstanding January 1, 2021 1,622,938 $ 1.84 to 2.96 $ 2.11 Granted 1,193,500 2.62 to 5.10 3.15 Forfeited/cancelled (50,000 ) 2.62 2.62 Exercised — — — Expired — — — Outstanding December 31, 2021 2,766,438 $ 1.84 to 5.10 $ 2.92 Granted 270,000 0.454 to 2.50 1.67 Forfeited/cancelled (652,375 ) 1.84 to 2.80 1.85 Exercised — — — Outstanding September 30, 2022 2,384,063 $ 0.454 to 5.10 $ 3.07
Stock Options - Stock options outstanding	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 $0.45 110,000 9.99 — $2.03 659,000 8.01 487,667 $2.50 160,000 9.50 — $2.72 25,000 3.75 25,000 $2.80 216,250 6.98 162,552 $2.96 70,313 6.77 70,313 $3.43 25,000 9.22 — $4.03 1,020,000 8.76 358,333 $4.07 25,000 8.79 9,000 $4.20 25,000 8.59 9,000 $5.10 48,500 8.96 48,500 2,384,063 8.39 $ 3.07384 1,170,365 $ 2.98

17. Revenues (Tables)

17. Revenues (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenues	Three Months Ended Nine Months Ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Turnover Turnover web-based $ 163,563,603 $ 162,471,799 $ 565,785,709 $ 613,678,568 Turnover land-based 2,924,866 1,193,778 6,528,054 13,237,738 Total Turnover 166,488,469 163,665,577 572,313,763 626,916,306 Winnings/Payouts Winnings web-based 152,545,450 152,328,198 527,323,323 572,975,466 Winnings land-based 2,208,100 1,031,217 5,166,387 11,362,524 Total Winnings/payouts 154,753,550 153,359,415 532,489,710 584,337,990 Gross Gaming Revenues 11,734,919 10,306,162 39,824,053 42,578,316 Less: ADM Gaming Taxes 2,822,830 2,515,570 9,671,040 9,129,881 Net Gaming Revenues 8,912,089 7,790,592 30,153,013 33,448,435 Service Revenues 679,205 239,490 2,022,002 428,924 Revenue $ 9,591,294 $ 8,030,082 $ 32,175,015 $ 33,877,359

18. Net loss per Common Share (

18. Net loss per Common Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Net Income (Loss) per Common Share	Description Three and nine Months ended September 30, 2022 Three and nine Months ended September 30, 2021 Options 2,384,063 2,741,438 Warrants 3,664,168 546,336 6,048,231 3,287,774

19. Segmental Reporting (Tables

19. Segmental Reporting (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting September 30, 2022 Betting establishments Betting platform software and services All other Total Purchase of non-current assets $ 214,805 $ 64,721 $ 76,413 $ 355,939 Assets Current assets 6,002,886 3,540,566 205,740 9,749,192 Non-current assets 2,681,303 30,048,147 115,784 32,845,234 Liabilities Current liabilities (5,904,785 ) (2,070,572 ) (1,245,773 ) (9,221,130 ) Non-current liabilities (1,358,907 ) (17,819,917 ) — (19,178,824 ) Intercompany balances 5,006,155 (3,887,691 ) (1,118,464 ) — Net asset position $ 6,426,652 $ 9,810,533 $ (2,042,713 ) $ 14,194,472 The segment operating results of the reportable segments are disclosed as follows: Nine months ended September 30, 2022 Betting establishments Betting platform software and services All other Adjustments Total Revenue $ 30,408,624 $ 1,766,391 $ — $ — $ 32,175,015 Intercompany Service revenue 74,584 1,517,807 — (1,592,391 ) — Total revenue 30,483,208 3,284,198 — (1,592,391 ) 32,175,015 Operating expenses Intercompany service expense 1,517,807 74,584 — (1,592,391 ) — Selling expenses 23,896,814 132,718 — — 24,029,532 General and administrative expenses 4,387,356 5,724,166 5,477,888 — 15,589,410 Restructuring and Severance expenses — — 1,205,689 — 1,205,689 Total operating expenses 29,801,977 5,931,468 6,683,577 (1,592,391 ) 40,824,631 Income (Loss) from operations 681,231 (2,647,270 ) (6,683,577 ) — (8,649,616 ) Other income (expense) Other income 90,781 2 — — 90,783 Other expense (47,959 ) (8,580 ) — — (56,539 ) Interest expense, net (1,069 ) (21,572 ) — — (22,641 ) Change in fair value of contingent purchase consideration — (1,397,833 ) — — (1,397,833 ) Amortization of present value discount Gain on marketable securities — — 43,250 — 43,250 Total other income (expense) 41,753 (1,427,983 ) 43,250 — (1,342,980 ) Income (Loss) before Income Taxes 722,984 (4,075,253 ) (6,640,327 ) — (9,992,596 ) Income tax provision (437,042 ) 236,524 — — (200,518 ) Net Income (Loss) $ 285,942 $ (3,838,729 ) $ (6,640,327 ) $ — $ (10,193,114 ) The operating assets and liabilities of the reportable segments are as follows: September 30, 2021 Betting establishments Betting platform software and services All other Total Purchase of non-current assets $ 25,502 $ 37,881,164 $ 43,552 $ 37,950,218 Assets Current assets 8,587,092 1,308,003 2,230,792 12,125,887 Non-current assets 6,783,911 43,666,430 1,156,085 51,606,426 Liabilities Current liabilities (6,499,182 ) (915,762 ) (1,225,532 ) (8,640,476 ) Non-current liabilities (765,779 ) (3,618,200 ) (25,286,034 ) (29,670,013 ) Intercompany balances 4,247,985 (705,171 ) (3,542,814 ) — Net asset position $ 12,354,027 $ 39,735,300 $ (26,667,503 ) $ 25,421,824 The segment operating results of the reportable segments are disclosed as follows: Nine months ended September 30, 2021 Betting establishments Betting platform software and services All other Adjustments Total Revenue $ 33,448,435 $ 428,924 $ — $ — $ 33,877,359 Intercompany Service revenue 271,518 3,323,848 — (3,595,366 ) — Total revenue 33,719,953 3,752,772 — (3,595,366 ) 33,877,359 Operating expenses Intercompany service expense 3,323,848 271,518 — (3,595,366 ) — Selling expenses 26,318,643 14,513 — — 26,333,156 General and administrative expenses 5,251,863 4,204,834 4,518,758 — 13,975,455 Total operating expenses 34,894,354 4,490,865 4,518,758 (3,595,366 ) 40,308,611 Loss from operations (1,174,401 ) (738,093 ) (4,518,758 ) — (6,431,252 ) Other income (expense) Other income 434,624 2,073 7,992 — 444,689 Other expense (23,954 ) (4,568 ) — — (28,522 ) Interest expense, net (7,486 ) (2,109 ) (5,153 ) — (14,748 ) Change in fair value of contingent purchase consideration — — (569,076 ) — (569,076 ) Amortization of present value discount — — (12,833 ) — (12,833 ) Loss on marketable securities — — (292,500 ) — (292,500 ) Total other income (expense) 403,184 (4,604 ) (871,570 ) — (472,990 ) Loss before Income Taxes (771,217 ) (742,697 ) (5,390,328 ) — (6,904,242 ) Income tax provision (50,666 ) 58,802 — — 8,136 Net Loss $ (821,883 ) $ (683,895 ) $ (5,390,328 ) $ — $ (6,896,106 )

Plant and Equipment Useful live

Plant and Equipment Useful lives (Details)	9 Months Ended
	Sep. 30, 2022
Office Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful Life	3 years
Office Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful Life	5 years
Fixtures and fittings | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful Life	7 years
Fixtures and fittings | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful Life	10 years
Computer Software, Intangible Asset [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful Life	3 years
Computer Software, Intangible Asset [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful Life	5 years
Vehicles [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful Life	4 years
Vehicles [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful Life	5 years

Intangible Useful lives (Detail

Intangible Useful lives (Details)	9 Months Ended
	Sep. 30, 2022
Licensing Agreements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year 6 months
Licensing Agreements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Asset, Useful Life	7 years
Contractual Rights [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Contractual Rights [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Asset, Useful Life	7 years
Customer Relationships [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Customer Relationships [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Asset, Useful Life	18 years
Trademarks [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Trademarks [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Asset, Useful Life	14 years

2. Accounting Policies and Es_4

2. Accounting Policies and Estimates (Details Narrative) - Sep. 30, 2022	USD ($)	EUR (€)	CAD ($)
Accounting Policies [Abstract]
Cash, FDIC Insured Amount	$ 250,000	€ 100,000	$ 100,000

Acquisition of subsidiaries (De

Acquisition of subsidiaries (Details) - USD ($)	3 Months Ended	6 Months Ended
	Sep. 30, 2021	Jul. 05, 2021	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Cash		$ 6,000,000
Stock Issued During Period, Value, Acquisitions	$ 4,544,304	4,554,304
Contingent purchase consideration		24,716,957	$ 24,716,957
Total purchase consideration		35,261,261
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash		26,161
Other Current assets		151,284
Property, plant and equipment		788
Other non-current assets		4,000
Tradenames/Trademarks		1,419,000
Customer relationships		7,275,000
Non-compete agreements		2,096,000
		10,972,233
Current liabilities assumed		(264,135)
Non-current liabilities assumed		(205,320)
Imputed Deferred taxation on identifiable intangible acquired		(2,265,900)
Net identifiable assets acquired and liabilities assumed		8,236,878
Goodwill		$ 27,024,383

Acquisition Combined Earnings (

Acquisition Combined Earnings (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Business Combination and Asset Acquisition [Abstract]
Revenue	$ 872,366	$ 34,288,462	$ 24,992,504
Earnings	1,786,317	7,154,851	4,810,317
Business Acquisition, Revenue Reported by Acquired Entity for Last Annual Period	$ (1,786,317)	$ (7,154,851)	$ (4,810,317)

3. Acquisition of Subsidiarie_2

3. Acquisition of Subsidiaries (Details Narrative) - USD ($)		6 Months Ended		9 Months Ended
	Jul. 05, 2021	Jul. 15, 2021	Jul. 05, 2021	Sep. 30, 2021	Sep. 30, 2020
Business Combination and Asset Acquisition [Abstract]
Pruchase Agreement consideration	$ 6,000,000	$ 6,000,000
Stock Issued During Period, Shares, Purchase of Assets		1,265,823
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned		$ 4,544,304
Asset Acquisition, Consideration Transferred, Contingent Consideration	38,000,000
Additional potential premium, shares			aggregate number of shares to be issued pursuant to the Purchase Agreement exceeds 4,401,020 and with a cap of 5,065,000 on the aggregate number of shares to be issued.
Fair Value contingent purchase consideration	$ 24,716,957		$ 24,716,957
Acquisition Costs, Period Cost				$ 120,479
[custom:AmortizationOfIntangibleAssetsOnAquisition]				$ 579,619	$ 802,550

Plant and equipment (Details)

Plant and equipment (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,834,988
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(1,217,082)
Property, Plant and Equipment, Net	617,906	$ 490,079
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	53,632
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(34,396)
Property, Plant and Equipment, Net	19,236	27,260
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	1,013,804
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(742,269)
Property, Plant and Equipment, Net	271,535	223,214
Fixtures and fittings
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	400,215
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(240,619)
Property, Plant and Equipment, Net	159,596	135,433
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	86,087
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(56,120)
Property, Plant and Equipment, Net	29,967
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Net		44,837
Computer Software, Intangible Asset [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	281,250
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(143,678)
Property, Plant and Equipment, Net	$ 137,572	$ 59,335

5. Property, plant and equipm_3

5. Property, plant and equipment (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation	$ 152,955	$ 162,594

Right of use assets included in

Right of use assets included in the consolidated balance sheet are as follows: (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Leases [Abstract]
Right of use assets - operating leases, net of amortization	$ 1,276,733		$ 598,288
Right of use assets - finance leases, net of depreciation – included in property, plant and equipment	8,092		$ 15,520
Amortization of financial lease assets	5,726	$ 8,071
Interest expense on lease liabilities	348	642
Operating lease cost	257,582	201,308
Total lease cost	263,656	210,021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance leases	(348)	(642)
Operating cash flows from operating leases	(257,582)	(201,308)
Financing cash flows from finance leases	$ (5,926)	$ (8,108)
Finance Lease, Weighted Average Remaining Lease Term	1 year 2 months 26 days	2 years 5 months 4 days
Operating Lease, Weighted Average Remaining Lease Term	4 years 7 months 20 days	1 year 11 months 12 days
Finance Lease, Weighted Average Discount Rate, Percent	3.73%	3.73%
Operating Lease, Weighted Average Discount Rate, Percent	2.83%	3.23%

Leases - Finance lease liabilit

Leases - Finance lease liability (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Remainder of 2022	$ 1,810
2023	6,068
2024	704
Total undiscounted minimum future lease payments	8,582
Imputed interest	(206)
Total finance lease liability	8,376
Current portion	6,937	$ 8,347
Non-Current portion	$ 1,439	$ 7,716

Leases - Operating lease liabil

Leases - Operating lease liability (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Remainder of 2022	$ 92,278
2023	334,306
2024	267,418
2025	242,980
2026 and thereafter	424,226
Total undiscounted minimum future lease payments	1,361,208
Imputed interest	(69,771)
Total operating lease liability	1,291,437
Current portion	313,981	$ 244,467
Non-Current portion	$ 977,456

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Net book value		$ 15,557,561
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	$ 6,149,537
Accumulated amortization	(1,711,119)
Net book value	4,438,418	4,745,895
Licensing Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	959,804
Accumulated amortization	(948,171)
Net book value	11,633	3,413
Contractual Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	1,000,000
Accumulated amortization	(1,000,000)
Net book value
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	8,145,927
Accumulated amortization	(955,865)
Net book value	7,190,062	7,538,533
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	1,536,586
Accumulated amortization	(236,342)
Net book value	1,300,244	1,413,887
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	2,096,000
Accumulated amortization	(633,167)
Net book value	1,462,833	1,855,833
Websites
Finite-Lived Intangible Assets [Line Items]
Cost	40,000
Accumulated amortization	(40,000)
Net book value		$ 0

Intangible Assets - Amortizatio

Intangible Assets - Amortization Expense (Details) - USD ($)	12 Months Ended					60 Months Ended
	Dec. 31, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]
Operating Lease, Payments	$ 1,024,767	$ 1,308,599	$ 1,551,154	$ 1,555,010	$ 390,245	$ 5,829,775

Goodwill (Details)

Goodwill (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Opening balance	$ 28,687,051	$ 1,663,120
Acquisition of Bookmakers Company US, LLC		27,024,383
Foreign exchange movements	(288)	(452)
Impairment charge		(12,522,714)
Goodwill net of impairment charge	$ 16,164,049	$ 16,164,337

7. Intangible Assets (Details N

7. Intangible Assets (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 1,162,438	$ 722,843

9. Marketable Securities (Detai

9. Marketable Securities (Details Narrative)	9 Months Ended
	Sep. 30, 2022 USD ($) $ / shares shares
Investments, All Other Investments [Abstract]
Investments is Marketable Securities | shares	2,500,000
Investment Company, Gain (Loss) on Investment, Per Share | $ / shares	$ 0.0203
Unrealized Gain (Loss) on Investments | $	$ 43,250

The maturity of bank loans paya

The maturity of bank loans payable as of September 30, 2022 is as follows: (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Within 1 year	$ 3,122
1 to 2 years	3,241
2 to 3 years	3,365
3 to 4 years	3,493
5 years and thereafter	138,869
Current portion	3,122
Non-Current portion	$ 148,968	$ 151,321

10. Bank Loan Payable (Details

10. Bank Loan Payable (Details Narrative)	3 Months Ended	9 Months Ended		12 Months Ended
	Dec. 31, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2022 EUR (€)	Dec. 31, 2016 EUR (€)	Dec. 31, 2016 USD ($)	Dec. 31, 2016 EUR (€)
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Repayments of Debt		$ 34,159	€ 29,913
Federal Home Loan Bank, Advance		$ 150,000
Federal Home Loan Bank, Advances, Activity for Year, Average Interest Rate for Year		3.75%	3.75%
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Repayment and Penalties		$ 731
Payments for (Proceeds from) Federal Home Loan Bank Stock		3,247
Interest Payable, Current		5,337
Intesa Sanpaolo Bank [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Advance from Federal Home Loan Bank					$ 545,000	€ 500,000
Weighted Average Rate, Interest-Bearing Foreign Deposits, Point in Time					4.50%	4.50%
Debt Instrument, Frequency of Periodic Payment				57
Debt Instrument, Periodic Payment	$ 9,971			€ 9,760
Debt Instrument, Periodic Payment, Principal		$ 33,184	€ 29,059
Debt Instrument, Periodic Payment, Interest | €			€ 854

Contigent Purchase Consideratio

Contigent Purchase Consideration (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Jul. 05, 2021
Disclosure 11.Contingent Purchase Consideration Abstract
Opening balance			$ 12,859,399
Contigent Purchase Consideration					24,716,957	$ 24,716,957
Changes in fair value	$ 482,059	$ 569,076	1,397,833	$ 569,076	(11,857,558)
Closing balance	$ 14,257,232		$ 14,257,232		$ 12,859,399

11. Contingent Purchase Consi_3

11. Contingent Purchase Consideration (Details Narrative)	12 Months Ended
	Dec. 31, 2022 USD ($)
Disclosure 11.Contingent Purchase Consideration Abstract
Gain (Loss) on Sale of Investments	$ 41,800,000

Other Long-term Liablitlies (De

Other Long-term Liablitlies (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Supplemental Unemployment Benefits, Severance Benefits	$ 380,012	$ 359,567

13. Related Parties (Details Na

13. Related Parties (Details Narrative)			1 Months Ended			3 Months Ended			6 Months Ended				9 Months Ended				12 Months Ended
	Jan. 07, 2022 USD ($) shares	Jul. 05, 2021 USD ($)	Jan. 22, 2021 USD ($) shares	Jan. 31, 2019 USD ($)	Jan. 31, 2019 EUR (€)	Dec. 31, 2021 USD ($) shares	Dec. 31, 2021 EUR (€) shares	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) shares	Dec. 31, 2021 EUR (€) shares	Jul. 15, 2021 USD ($) shares	Jul. 05, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2022 EUR (€)	Sep. 26, 2022 USD ($) shares	Sep. 30, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2019 USD ($)	Dec. 31, 2019 EUR (€)	Mar. 29, 2022 $ / shares shares	Sep. 13, 2021 $ / shares shares	Dec. 31, 2020 shares
Related Party Transaction [Line Items]
Equipment Loan Advance													$ 360,000
Issuance of common stock, value								$ 4,544,304				$ 4,554,304
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized | shares						4,000,000	4,000,000		4,000,000	4,000,000													1,850,000
Cash Acquired from Acquisition											$ 4,080,000
Asset Acquisition, Price of Acquisition, Expected		$ 6,000,000									$ 6,000,000
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Shares Issued | shares											860,760
Stock Issued During Period, Shares, Purchase of Assets | shares											1,265,823
Victor Salerno
Related Party Transaction [Line Items]
Advance to USB													100,000
Debt Instrument, Decrease, Forgiveness													50,000
Due to related party													$ 50,000
Debt Instrument, Interest Rate, Effective Percentage													800%
Luca Pasquini
Related Party Transaction [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners						34%	34%		34%	34%
Software Service, Support and Maintenance Arrangement [Member]
Related Party Transaction [Line Items]
Professional Fees									$ 459,572	€ 390,000			$ 2,192,000	€ 1,980,000
Braydon Capital Corp.
Related Party Transaction [Line Items]
Equipment Loan Agreement, Principal															$ 500,000
Equipment Loan Advance															$ 360,000
Interest rate															9%
Luca Pasquini
Related Party Transaction [Line Items]
Purchase price																			$ 4,576,352	€ 4,000,000
Payments to Acquire Businesses, Gross				$ 915,270	€ 800,000
Debt Instrument, Annual Principal Payment | €					800,000
Repayments of Other Debt					500,000	$ 604,380	€ 500,000
Issuance of common stock, value					€ 300,000	$ 334,791	€ 300,000
Issuance of common stock, shares | shares						112,521	112,521
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture | shares			44,968												500,000
Stock based compensation			$ 257,217												$ 226,750
Michele Ciavarella [Member]
Related Party Transaction [Line Items]
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture | shares	425,000		1,003,265			24,476	24,476								300,000
Stock based compensation	$ 162,835		$ 175,396			$ 140,000									$ 136,080
Carlo Reali [Member]
Related Party Transaction [Line Items]
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture | shares															200,000
Stock based compensation															$ 90,720
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized | shares																					100,000	21,300
Share-Based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Exercise Price | $ / shares																					$ 2.50
Salary and Wage, NonOfficer, Excluding Cost of Good and Service Sold																	$ 83,847	€ 76,631
Paul Sallwasser
Related Party Transaction [Line Items]
Share-Based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Exercise Price | $ / shares																						$ 5.10
Steven Shallcross
Related Party Transaction [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized | shares																						13,600
Share-Based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Exercise Price | $ / shares																						$ 5.10
Stock Issued During Period, Shares, Conversion of Units | shares			5,245
Stock Issued During Period, Value, Conversion of Units			$ 30,000
Andrea Mandel Mantello
Related Party Transaction [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized | shares																						13,600
Share-Based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Exercise Price | $ / shares																						$ 5.10

Related Party Receivables (Deta

Related Party Receivables (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Related Party payables	$ (374,507)	$ (52,380)
Related Party Receivables	8,318	1,413
Luca Pasquini
Related Party Transaction [Line Items]
Related Party payables	(161)	(502)
Related Party Receivables		1,413
Victor Salerno
Related Party Transaction [Line Items]
Related Party payables	$ (374,346)	$ (51,878)

Equipment Loan - Related Party

Equipment Loan - Related Party (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Related Party Transactions [Abstract]
Opening balance
Loan advanced	360,000
Interest accrued	355
Closing balance	$ 360,355

14. Stockholders_ Equity (Detai

14. Stockholders’ Equity (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended					9 Months Ended
	Jan. 07, 2022	Jan. 22, 2021	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 26, 2022	Jul. 12, 2022	Jun. 15, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
[custom:StockIssuedDuringPeriodValueNewIssues1]								$ 387,053
Floor Brokerage, Exchange and Clearance Fees								$ 11,612
[custom:PrefundedWarrantsIssuedDuringPeriod]								541,227
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 1.17					$ 1.17		$ 0.0001
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants			$ 54		$ 40,000	$ 12,500	$ 3,909,981
Michele Ciavarella [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture	425,000	1,003,265		24,476					300,000
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	$ 162,835	$ 175,396		$ 140,000					$ 136,080
Carlo Reali [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture									200,000
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture									$ 90,720
Warrants Exercisable
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants Exercisable			3,166,227					3,166,227			2,625,000
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 0.9475					$ 0.9475
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture									3,500,000
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture									$ 1,587,600
[custom:StockIssuedDuringPeriodSharesNewIssues1]								168,016
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants			$ 54		$ 1	$ 1	$ 149
Related Party [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture	162,835
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	$ 425,000

Warrants (Details)

Warrants (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Warrants: Number of Shares
[custom:PrefundedWarrantsIssuedDuringPeriod]	541,227
Warrant [Member]
Warrants: Number of Shares
Class of Warrant or Right, Outstanding	3,664,168	546,336
[custom:PrefundedWarrantsIssuedDuringPeriod]	541,227
Warrants Excercised During Period	(541,227)	(1,506,809)
[custom:WarrantsCanceledDuringPeriod]	(48,395)
[custom:WarrantsIssuedDuringPeriod]	3,166,227
Class of Warrant or Right, Outstanding	546,336	2,053,145
Warrants: Exercise price per share
Warrant Exercise Price Per Share Forfeited	$ 3.75
Warrants: Weighted average exercise price
Temporary Equity, Redemption Price Per Share	1.17	$ 2.66
Warrant Exercise During Period		2.63
[custom:WarrantsGrantedDuringPeriod]
Temporary Equity, Redemption Price Per Share	2.66	2.63
Warrant Exercise Price Per Share Exercised	0.0001
Warrant [Member] | Minimum [Member]
Warrants: Exercise price per share
Warrant Exercise Price Per Share Granted		0.9475
Warrant Exercise Price Per Share Granted Prefunded		0.0001
Warrants: Weighted average exercise price
Warrant Exercise Price Per Share	2.50	2.50
Warrant Exercise Price Per Share Exercised		2.50
Warrant Exercise Price Per Share	0.9475	2.50
Warrant [Member] | Maximum [Member]
Warrants: Weighted average exercise price
Warrant Exercise Price Per Share	5	5
Warrant Exercise Price Per Share Exercised		3.75
Warrant Exercise Price Per Share	$ 5	$ 5

Warrants oustanding, exercise p

Warrants oustanding, exercise price (Details Narrative) - $ / shares	9 Months Ended
	Sep. 30, 2022	Jul. 12, 2022
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 1.17	$ 0.0001
Warrant Price 0. 9457 [Member]
Class of Warrant or Right [Line Items]
Number of shares	3,166,227
Weighted average remianing years	5 years 2 months 15 days
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.9475
Warrant Price 2. 50 [Member]
Class of Warrant or Right [Line Items]
Number of shares	486,173
Weighted average remianing years	2 years 10 months 17 days
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 2.50
Warrant Price 5. 00 [Member]
Class of Warrant or Right [Line Items]
Number of shares	11,768
Weighted average remianing years	7 months 28 days
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 5
Warrant [Member]
Class of Warrant or Right [Line Items]
Number of shares	3,664,168
Weighted average remianing years	4 years 10 months 20 days

Stock Option Activity (Details)

Stock Option Activity (Details) - Share-Based Payment Arrangement [Member] - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Stock Option Activity
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Beginning Balance	2,766,438	1,622,938
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	270,000	1,193,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period	(652,375)	(50,000)
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance	2,384,063	2,766,438
Weighted Average exercise price
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance	$ 2.92	$ 2.11
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	1.67	3.15
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	1.85	2.62
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance	3.07	2.92
Minimum [Member]
Exercise price per share
Stock Option Exercise price per share	1.84	1.84
Stock Option, Exercise Price, Increase	0.454	2.62
Stock Option, Exercise Price, Decrease	1.84	2.62
Stock Option Exercise Price Per Share	0.454	1.84
Maximum [Member]
Exercise price per share
Stock Option Exercise price per share	5.10	2.96
Stock Option, Exercise Price, Increase	2.50	5.10
Stock Option, Exercise Price, Decrease	2.80
Stock Option Exercise Price Per Share	$ 5.10	$ 5.10

Stock Options - Stock options o

Stock Options - Stock options outstanding (Details) - $ / shares	9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number		2,384,063
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	8 years 4 months 20 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number		1,170,365
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price		$ 3.07384
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price		$ 2.98
Exercise Price. 045 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Share Price	$ 0.45
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	110,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	9 years 11 months 26 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number
Exercise Price 2. 03 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Share Price	$ 2.03
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	659,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	8 years 3 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number	487,667
Exercise Price 2. 50 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Share Price	$ 2.50
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	160,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	9 years 6 months
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number
Exercise Price 2. 72 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Share Price	$ 2.72
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	25,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	3 years 9 months
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number	25,000
Exercise Price 2. 80 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Share Price	$ 2.80
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	216,250
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	6 years 11 months 23 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number	162,552
Exercise Price 2. 96 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Share Price	$ 2.96
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	70,313
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	6 years 9 months 7 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number	70,313
Exercise Price 3. 43 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Share Price	$ 3.43
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	25,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	9 years 2 months 19 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number
Exercise Price 4. 03 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Share Price	$ 4.03
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	1,020,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	8 years 9 months 3 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number	358,333
Exercise Price 4. 07 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Share Price	$ 4.07
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	25,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	8 years 9 months 14 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number	9,000
Exercise Price 4. 20 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Share Price	$ 4.20
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	25,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	8 years 7 months 2 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number	9,000
Exercise Price 5. 10 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Share Price	$ 5.10
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	48,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	8 years 11 months 15 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number	48,500

16. Stock Options (Details Narr

16. Stock Options (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 25, 2022	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020	Oct. 01, 2020
Option Indexed to Issuer's Equity [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized				4,000,000	1,850,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 1.56
Share-Based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit	$ 0.454
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum	2.41%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum	3.69%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Method Used	10
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum	204.20%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum	205.30%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares			1,213,698
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount			$ 3,624,266
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value	$ 2,310
Share-Based Payment Arrangement, Option [Member]
Option Indexed to Issuer's Equity [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares			2,384,063
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	4,155,301
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant			460,636
Minimum [Member]
Option Indexed to Issuer's Equity [Line Items]
Share-Based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit	$ 2.50
Director [Member]
Option Indexed to Issuer's Equity [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized						300,000
Share-Based Payment Arrangement, Option [Member]
Option Indexed to Issuer's Equity [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized		110,000	160,000
Temporary Equity, Redemption Price Per Share		$ 0.454	$ 2.50
Stock Option Interim C F O [Member]
Option Indexed to Issuer's Equity [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized			100,000
Stock Option Employee [Member]
Option Indexed to Issuer's Equity [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized			60,000

Revenues (Details)

Revenues (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Total Turnover	$ 166,488,469	$ 163,665,577	$ 572,313,763	$ 626,916,306
Total Winnings/payouts	154,753,550	153,359,415	532,489,710	584,337,990
Gross Gaming Revenues	11,734,919	10,306,162	39,824,053	42,578,316
Less: ADM Gaming Taxes	2,822,830	2,515,570	9,671,040	9,129,881
Net Gaming Revenues	8,912,089	7,790,592	30,153,013	33,448,435
Service Revenues	679,205	239,490	2,022,002	428,924
Revenue	9,591,294	8,030,082	32,175,015	33,877,359
Web Based [Member]
Total Turnover	163,563,603	162,471,799	565,785,709	613,678,568
Total Winnings/payouts	152,545,450	152,328,198	527,323,323	572,975,466
Land Based [Member]
Total Turnover	2,924,866	1,193,778	6,528,054	13,237,738
Total Winnings/payouts	$ 2,208,100	$ 1,031,217	$ 5,166,387	$ 11,362,524

Net Income (Loss) per Common Sh

Net Income (Loss) per Common Share (Details) - shares	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Options	2,384,063	2,741,438
Warrants	3,664,168	546,336
	6,048,231	3,287,774

Segment Reporting (Details)

Segment Reporting (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Revenue			$ 32,175,015	$ 33,877,359
Intercompany Service revenue
Total revenue	$ 9,591,294	$ 8,030,082	32,175,015	33,877,359
Operating expenses
Intercompany service expense
Selling expenses	6,874,581	6,054,757	24,029,532	26,333,156
General and administrative expenses	5,808,768	5,075,300	15,589,410	13,975,455
Restructuring and Severance expenses			1,205,689
Total operating expenses	12,683,349	11,130,057	40,824,631	40,308,611
Loss from operations	(3,092,055)	(3,099,975)	(8,649,616)	(6,431,252)
Other income (expense)
Other income	21,931	74,327	90,783	444,689
Other expense	(45,528)	(384)	(56,539)	(28,522)
Interest expense, net	(9,104)	(4,705)	(22,641)	(14,748)
Change in fair value of contingent purchase consideration	(482,059)	(569,076)	(1,397,833)	(569,076)	$ 11,857,558
Amortization of present value discount				12,833
Loss on marketable securities	(49,250)	(200,000)	43,250	(292,500)
Total other income (expense)	(564,010)	(699,838)	(1,342,980)	(472,990)
Loss before Income Taxes	(3,656,065)	(3,799,813)	(9,992,596)	(6,904,242)
Income tax provision	(167,574)	284,636	(200,518)	8,136
Net Loss	$ (3,823,639)	$ (3,515,177)	(10,193,114)	(6,896,106)
Amortization of present value discount				(12,833)
All other
Segment Reporting Information [Line Items]
Revenue
Intercompany Service revenue
Total revenue
Operating expenses
Intercompany service expense
Selling expenses
General and administrative expenses			5,477,888	4,518,758
Restructuring and Severance expenses			1,205,689
Total operating expenses			6,683,577	4,518,758
Loss from operations			(6,683,577)	(4,518,758)
Other income (expense)
Other income				7,992
Other expense
Interest expense, net				(5,153)
Change in fair value of contingent purchase consideration				(569,076)
Amortization of present value discount				12,833
Loss on marketable securities			43,250	(292,500)
Total other income (expense)			43,250	(871,570)
Loss before Income Taxes			(6,640,327)	(5,390,328)
Income tax provision
Net Loss			(6,640,327)	(5,390,328)
Amortization of present value discount				(12,833)
Betting platform software and services
Segment Reporting Information [Line Items]
Revenue			1,766,391	428,924
Intercompany Service revenue			1,517,807	3,323,848
Total revenue			3,284,198	3,752,772
Operating expenses
Intercompany service expense			74,584	271,518
Selling expenses			132,718	14,513
General and administrative expenses			5,724,166	4,204,834
Restructuring and Severance expenses
Total operating expenses			5,931,468	4,490,865
Loss from operations			(2,647,270)	(738,093)
Other income (expense)
Other income			2	2,073
Other expense			(8,580)	(4,568)
Interest expense, net			(21,572)	(2,109)
Change in fair value of contingent purchase consideration			(1,397,833)
Amortization of present value discount
Loss on marketable securities
Total other income (expense)			(1,427,983)	(4,604)
Loss before Income Taxes			(4,075,253)	(742,697)
Income tax provision			236,524	58,802
Net Loss			(3,838,729)	(683,895)
Amortization of present value discount
Intersubsegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue
Intercompany Service revenue			(1,592,391)	(3,595,366)
Total revenue			(1,592,391)	(3,595,366)
Operating expenses
Intercompany service expense			(1,592,391)	(3,595,366)
Selling expenses
General and administrative expenses
Restructuring and Severance expenses
Total operating expenses			(1,592,391)	(3,595,366)
Loss from operations
Other income (expense)
Other income
Other expense
Interest expense, net
Change in fair value of contingent purchase consideration
Amortization of present value discount
Loss on marketable securities
Total other income (expense)
Loss before Income Taxes
Income tax provision
Net Loss
Amortization of present value discount
Betting establishments
Segment Reporting Information [Line Items]
Revenue			30,408,624	33,448,435
Intercompany Service revenue			74,584	271,518
Total revenue			30,483,208	33,719,953
Operating expenses
Intercompany service expense			1,517,807	3,323,848
Selling expenses			23,896,814	26,318,643
General and administrative expenses			4,387,356	5,251,863
Restructuring and Severance expenses
Total operating expenses			29,801,977	34,894,354
Loss from operations			681,231	(1,174,401)
Other income (expense)
Other income			90,781	434,624
Other expense			(47,959)	(23,954)
Interest expense, net			(1,069)	(7,486)
Change in fair value of contingent purchase consideration
Amortization of present value discount
Loss on marketable securities
Total other income (expense)			41,753	403,184
Loss before Income Taxes			722,984	(771,217)
Income tax provision			(437,042)	(50,666)
Net Loss			$ 285,942	(821,883)
Amortization of present value discount

Segment reporting_ Operating as

Segment reporting: Operating assets and liabilities (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Payments for Purchase of Other Assets	$ 355,939	$ 37,950,218
Assets
Current assets	9,749,192	12,125,887	$ 11,383,485
Non-current assets	32,845,234	51,606,426	33,195,356
Liabilities
Current liabilities	(9,221,130)	(8,640,476)	(9,827,179)
Non-current liabilities	(19,178,824)	(29,670,013)	$ (17,010,145)
Intercompany balances
Net asset position	14,194,472	25,421,824
All other
Segment Reporting Information [Line Items]
Payments for Purchase of Other Assets	76,413	43,552
Assets
Current assets	205,740	2,230,792
Non-current assets	115,784	1,156,085
Liabilities
Current liabilities	(1,245,773)	(1,225,532)
Non-current liabilities		(25,286,034)
Intercompany balances	(1,118,464)	(3,542,814)
Net asset position	(2,042,713)	(26,667,503)
Betting platform software and services
Segment Reporting Information [Line Items]
Payments for Purchase of Other Assets	64,721	37,881,164
Assets
Current assets	3,540,566	1,308,003
Non-current assets	30,048,147	43,666,430
Liabilities
Current liabilities	(2,070,572)	(915,762)
Non-current liabilities	(17,819,917)	(3,618,200)
Intercompany balances	(3,887,691)	(705,171)
Net asset position	9,810,533	39,735,300
Betting establishments
Segment Reporting Information [Line Items]
Payments for Purchase of Other Assets	214,805	25,502
Assets
Current assets	6,002,886	8,587,092
Non-current assets	2,681,303	6,783,911
Liabilities
Current liabilities	(5,904,785)	(6,499,182)
Non-current liabilities	(1,358,907)	(765,779)
Intercompany balances	5,006,155	4,247,985
Net asset position	$ 6,426,652	$ 12,354,027