Esports Entertainment (GMBL) 10-Q 17 May 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2021	May 14, 2021
Cover [Abstract]
Entity Registrant Name	ESPORTS ENTERTAINMENT GROUP, INC.
Entity Central Index Key	0001451448
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
Amendment Flag	false
Current Fiscal Year End Date	--06-30
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		20,357,959
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Current assets
Cash	$ 16,880,683	$ 12,353,307
Restricted cash	3,428,366
Accounts receivable, net	153,011
Receivables reserved for users	1,486,024
Loans receivable	2,000,000
Other receivables	920,115
Deposit on business acquisition		500,000
Prepaid expenses and other current assets	1,423,581	263,345
Total current assets	26,291,780	13,116,652
Equipment, net	80,904	8,041
Operating lease right-of-use asset	546,012
Intangible assets, net	27,810,029	2,000
Goodwill	16,992,199
Other non-current assets	1,290,353	6,833
TOTAL ASSETS	73,011,277	13,133,526
Current liabilities
Accounts payable and accrued expenses	5,305,176	811,549
Liabilities to customers	3,218,798
Deferred revenue	145,091
Liabilities to be settled in stock		927,855
Notes payable - current	158,141
Operating lease liability - current	240,725
Contingent consideration	300,000
Total current liabilities	9,367,931	1,739,404
Notes payable	186,898
Deferred income taxes	1,729,138
Operating lease liability	322,205
Total liabilities	11,606,172	1,739,404
Commitments and contingencies (Note 13)
Stockholders' equity
Preferred stock $0.001 par value; 10,000,000 shares authorized, none issued and outstanding
Common stock $0.001 par value; 500,000,000 shares authorized, 20,166,740 and 11,233,223 shares issued and outstanding as of March 31, 2021 and June 30, 2020, respectively	20,167	11,233
Additional paid-in capital	104,417,852	31,918,491
Accumulated deficit	(42,077,212)	(20,535,602)
Accumulated other comprehensive loss	(955,702)
Total stockholders' equity	61,405,105	11,394,122
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 73,011,277	$ 13,133,526

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2021	Jun. 30, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	20,166,740	11,233,223
Common stock, shares outstanding	20,166,740	11,233,223

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Net revenue	$ 5,398,708		$ 7,983,293
Operating costs and expenses:
Cost of revenue	2,321,620		4,249,889
Sales and marketing	2,399,200	84,249	4,891,688	184,175
General and administrative	6,291,388	466,809	14,082,111	1,728,695
Total operating expenses	11,012,208	551,058	23,223,688	1,912,870
Operating loss	(5,613,500)	(551,058)	(15,240,395)	(1,912,870)
Other income (expense):
Interest expense		(23,479)		(2,285,792)
Net amortization of debt discount and premium on convertible debt		(674,946)		(1,225,205)
Change in fair value of derivative liabilities		(6,952,798)		(5,865,451)
Change in fair value of warrant liability	(5,358,313)		(4,729,924)
Change in fair value of contingent consideration	(1,305,804)		(1,305,804)
Loss on extinguishment of debt				(2,795,582)
Gain on warrant exchange		1,894,418		1,894,418
Other non-operating income (loss)	(165,464)	32	(265,486)	(25,779)
Loss before income taxes	(12,443,080)	(6,307,831)	(21,541,610)	(12,216,261)
Income tax
Net loss	$ (12,443,080)	$ (6,307,831)	$ (21,541,610)	$ (12,216,261)
Basic and diluted loss per common share	$ (0.73)	$ (1.02)	$ (1.54)	$ (2.04)
Weighted average number of common shares outstanding, basic and diluted	16,950,275	6,183,944	13,974,197	5,989,619

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Net Loss	$ (12,443,080)	$ (6,307,831)	$ (21,541,610)	$ (12,216,261)
Other comprehensive loss:
Foreign currency translation loss	(892,953)		(955,702)
Total comprehensive loss	$ (13,336,033)	$ (6,307,831)	$ (22,497,312)	$ (12,216,261)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Beginning Balance at Jun. 30, 2019	$ 5,849	$ 5,185,380	$ (10,184,187)		$ (4,992,958)
Beginning Balance, shares at Jun. 30, 2019	5,849,208
Common stock and warrants issued for services	$ 17	(17)
Common stock and warrants issued for services, shares	16,667
Stock based compensation		55,672			55,672
Net loss			(2,839,784)		(2,839,784)
Ending Balance at Sep. 30, 2019	$ 5,866	5,241,035	(13,023,971)		(7,777,070)
Ending Balance, shares at Sep. 30, 2019	5,865,875
Beginning Balance at Jun. 30, 2019	$ 5,849	5,185,380	(10,184,187)		(4,992,958)
Beginning Balance, shares at Jun. 30, 2019	5,849,208
Stock issued for services					$ 58,000
Stock issued for services, shares					8,889
Foreign exchange translation
Net loss					(12,216,261)
Ending Balance at Mar. 31, 2020	$ 6,267	8,427,830	(22,400,448)		(13,966,351)
Ending Balance, shares at Mar. 31, 2020	6,267,006
Beginning Balance at Jun. 30, 2019	$ 5,849	5,185,380	(10,184,187)		(4,992,958)
Beginning Balance, shares at Jun. 30, 2019	5,849,208
Stock issued for services, shares	117,450
Ending Balance at Jun. 30, 2020	$ 11,233	31,918,491	(20,535,602)		11,394,122
Ending Balance, shares at Jun. 30, 2020	11,233,223
Beginning Balance at Sep. 30, 2019	$ 5,866	5,241,035	(13,023,971)		(7,777,070)
Beginning Balance, shares at Sep. 30, 2019	5,865,875
Stock issued for services	$ 9	57,991			58,000
Stock issued for services, shares	8,889
Common stock issued for waiver agreement	$ 5	26,897			26,902
Common stock issued for waiver agreement, shares	5,435
Warrants exercised for cash	$ 4	9,996			10,000
Warrants exercised for cash, shares	4,444
Non-cash warrant exercised	$ 53	1,222,549			1,222,602
Non-cash warrant exercised, shares	53,027
Stock based compensation		45,397			45,397
Net loss			(3,068,646)		(3,068,646)
Ending Balance at Dec. 31, 2019	$ 5,937	6,603,865	(16,092,617)		(9,482,815)
Ending Balance, shares at Dec. 31, 2019	5,937,670
Warrants exercised for cash	$ 40	89,960			90,000
Warrants exercised for cash, shares	40,001
Common stock issued for warrant exchange	$ 289	1,688,735			1,689,024
Common stock issued for warrant exchange, shares	288,722
Stock based compensation		$ 45,270			$ 45,270
Effect of 1 for 15 reverse stock split	1				1
Effect of 1 for 15 reverse stock split, shares	613
Foreign exchange translation
Net loss			$ (6,307,831)		(6,307,831)
Ending Balance at Mar. 31, 2020	$ 6,267	8,427,830	(22,400,448)		(13,966,351)
Ending Balance, shares at Mar. 31, 2020	6,267,006
Beginning Balance at Jun. 30, 2020	$ 11,233	31,918,491	(20,535,602)		11,394,122
Beginning Balance, shares at Jun. 30, 2020	11,233,223
Stock issued for services	$ 291	1,873,551			1,873,842
Stock issued for services, shares	291,256
Stock issued upon the exercise of warrants	$ 276	1,024,648			1,024,924
Stock issued upon the exercise of warrants, shares	275,463
Stock issued for Argyll acquisition	$ 650	3,801,850			3,802,500
Stock issued for Argyll acquisition, shares	650,000
Stock issued for FLIP acquisition	$ 94	499,906			500,000
Stock issued for FLIP acquisition, shares	93,808
Stock based compensation		36,035			36,035
Foreign exchange translation				941	941
Net loss			(1,808,493)		(1,808,493)
Ending Balance at Sep. 30, 2020	$ 12,544	39,154,481	(22,344,095)	941	16,823,871
Ending Balance, shares at Sep. 30, 2020	12,543,750
Beginning Balance at Jun. 30, 2020	$ 11,233	31,918,491	(20,535,602)		11,394,122
Beginning Balance, shares at Jun. 30, 2020	11,233,223
Stock issued for services					$ 3,290,570
Stock issued for services, shares					528,997
Foreign exchange translation					$ (955,702)
Net loss					(21,541,610)
Ending Balance at Mar. 31, 2021	$ 20,167	104,417,852	(42,077,212)	(955,702)	61,405,105
Ending Balance, shares at Mar. 31, 2021	20,166,740
Beginning Balance at Sep. 30, 2020	$ 12,544	39,154,481	(22,344,095)	941	16,823,871
Beginning Balance, shares at Sep. 30, 2020	12,543,750
Stock issued for services	$ 192	982,579			982,771
Stock issued for services, shares	191,736
Stock issued upon the exercise of warrants	$ 844	3,232,274			3,233,118
Stock issued upon the exercise of warrants, shares	844,408
Stock based compensation		296,148			296,148
Foreign exchange translation				(63,690)	(63,690)
Net loss			(7,290,037)		(7,290,037)
Ending Balance at Dec. 31, 2020	$ 13,580	43,665,482	(29,634,132)	(62,749)	13,982,181
Ending Balance, shares at Dec. 31, 2020	13,579,894
Stock issued for services	$ 45	433,912			433,957
Stock issued for services, shares	46,005
Stock issued for FLIP acquisition	$ 94	1,717,527			1,717,621
Stock issued for FLIP acquisition, shares	93,808
Common stock issued in equity financing, net of issuance costs	$ 2,000	27,338,000			27,340,000
Common stock issued in equity financing, net of issuance costs, shares	2,000,000
Stock issued for EGL acquisition	$ 293	2,193,540			2,193,833
Stock issued for EGL acquisition, shares	292,511
Stock options and warrant exercises	$ 4,155	28,724,385			28,728,540
Stock options and warrant exercises, shares	4,154,522
Stock based compensation		345,006			345,006
Foreign exchange translation				(892,953)	(892,953)
Net loss			(12,443,080)		(12,443,080)
Ending Balance at Mar. 31, 2021	$ 20,167	$ 104,417,852	$ (42,077,212)	$ (955,702)	$ 61,405,105
Ending Balance, shares at Mar. 31, 2021	20,166,740

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net loss	$ (21,541,610)	$ (12,216,261)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization and depreciation	1,592,487	18,013
Right-of-use asset amortization	94,674
Stock-based compensation	3,055,118	448,434
Change in fair value of warrant liability	4,729,924
Change in fair value of contingent consideration	1,305,804
Net amortization of debt discount and premium on convertible debt		1,225,205
Change in the fair market value of derivative liabilities		5,865,451
Loss on extinguishment of debt		2,795,582
Non-cash interest expense		2,064,749
Gain on warrant exchange		(1,894,418)
Other non-cash charges, net	(64,023)	24,235
Changes in operating assets and liabilities:
Accounts receivable	(9,687)
Receivables reserved for users	(1,475,776)
Other receivables	(344,856)
Prepaid expenses and other current assets	(702,448)	39,516
Other non-current assets	(79,610)
Accounts payable and accrued expenses	1,508,583	525,521
Liabilities to customers	822,020
Deferred revenue	48,227
Operating lease liability	(40,423)
Other, net	(1,314)
Net cash used in operating activities	(11,102,910)	(1,103,973)
Cash flows from investing activities:
Cash consideration paid for Lucky Dino, net of cash acquired	(28,930,540)
Cash consideration paid for Argyll, net of cash acquired	(728,926)
Cash consideration paid for EGL, net of cash acquired	(477,351)
Cash consideration paid for FLIP	(100,000)
Payments made in connection with loans receivable	(2,000,000)
Purchase of intangible assets	(698,187)
Purchases of equipment	(28,126)
Net cash used in investing activities	(32,963,130)
Cash flows from financing activities:
Proceeds from equity financing, net of issuance costs	27,340,000
Proceeds from exercise of stock options and warrants, net of issuance costs	25,506,582	100,000
Repayment of note payable	(69,257)
Proceeds from promissory convertible note		1,160,000
Repayment of promissory convertible note		(105,000)
Deferred financing costs		(85,000)
Net cash provided by financing activities	52,777,325	1,070,000
Effect of exchange rate on changes in cash and restricted cash	(755,543)
Net increase (decrease) in cash and restricted cash	7,955,742	(33,973)
Cash and restricted cash, beginning of period	12,353,307	43,412
Cash and restricted cash, end of period	20,309,049	9,439
Cash	16,880,683	9,439
Restricted cash	3,428,366
Total cash and restricted cash	20,309,049	9,439
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest
Income taxes
SUPPLEMENTAL DISLCOSURE OF NON-CASH FINANCING ACTIVITIES:
Common stock issued for Argyll	3,802,500
Change in purchase price consideration related to warrant liability for Argyll acquisition	2,738,095
Settlement of Argyll acquisition warrant liability for common stock	7,480,000
Common stock issued for EGL	2,193,833
Contingent consideration payable for EGL	300,000
Common stock issued for FLIP acquisition at closing	411,817
Settlement of FLIP contingent consideration in common stock	500,000
Share settlement of liabilities to be settled in stock account	927,855
Extinguishment of derivative liability associated with extinguishment of convertible notes		1,426,323
Extinguishment of debt discount associated with extinguishment of convertible notes		1,909,280
Debt discount and derivative liability associated with amended and restated note		1,565,617
Increase in principal amount of convertible debt associated with amended and restated note		660,000
Derivative liability associated with convertible notes entered into		1,136,231
Debt discount associated with convertible notes		1,276,000
Extinguishment of derivative liability associated with cashless warrant exercise		1,222,602
Extinguishment of derivative liability associated with warrant exchange		3,583,442
Original issuance discount of convertible notes		$ 116,000

Nature of Operations

Nature of Operations	9 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Note 1 – Nature of Operations Esports Entertainment Group, Inc. (the “Company”) was incorporated in the state of Nevada on July 22, 2008. On April 18, 2017, the majority of the shareholders of the Company’s common stock voted to approve a change of the name of the Company from VGambling, Inc. to Esports Entertainment Group, Inc. The Company is a diversified operator of esports, igaming and traditional sports betting businesses with a global footprint. The Company’s strategy is to build and acquire betting and related platforms in the businesses of igaming and traditional sports betting, and to use them in growing the esports business. The Company is primarily focused on three vertical markets, namely esports entertainment, esports wagering, and iGaming and traditional sports betting. On July 31, 2020, the Company commenced substantive revenue generating operations with the acquisition of LHE Enterprises Limited, holding company for Argyll Entertainment (“Argyll”), an online sportsbook and casino operator. On January 21, 2021, the Company completed its acquisition of Phoenix Games Network Limited, the holding company for the Esports Gaming League (“EGL”). On March 1, 2021 completed the acquisition of the operating assets and specified liabilities of liabilities that comprise the online gaming operations of Lucky Dino Gaming Limited, a company registered in Malta, and Hiidenkivi Estonia OU, its wholly owned subsidiary registered in Estonia (collectively referred to as “Lucky Dino”). The Company has also entered into agreements dated January 22, 2021 to acquire Helix Holdings, LLC (“Helix”) and ggCircuit. Helix is an owner and operator of esports centers that provide esports programming and gaming infrastructure and is also the owner of the Genji Analytics, an analytics platform, and LANduel, a proprietary player-versus-player wagering platform. ggCircuit is a business-to-business software company that provides cloud-based management for gaming centers, a tournament platform and integrated wallet and point-of-sale solutions. The Company also announced the signing of a binding letter of intent to acquire the esports content and media business of Holodeck Ventures Inc. (“Holodeck”) on May 6, 2021. These pending transactions align with the Company’s strategy of growing its business through the acquisition of a global ecosystem of esports, igaming and traditional sports betting assets.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of presentation and principles of consolidation The accompanying unaudited condensed consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete consolidated financial statements. The unaudited condensed consolidated financial statements reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to fairly state the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited condensed consolidated financial statements should be read along with the Annual Report filed on Form 10-K of the Company for the annual period ended June 30, 2020. The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All material intercompany transactions and balances have been eliminated in consolidation. Reportable Segment The Company determined it has one reportable segment. This determination considers the organizational structure of the Company and the nature of financial information available and reviewed by the chief operating decision maker to assess performance and make decisions about resource allocations. Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications had no effect on the reported results of operations or total assets, liabilities and stockholders’ equity. The Company reclassified sales and marketing expenses on its unaudited condensed consolidated statements of operations and comprehensive loss from general and administrative expenses. The amounts previously reported in other income, impairment of intangible assets, gain on settlement of debt and foreign exchange loss were also reclassified to other non-operating income (loss) on the unaudited condensed consolidated statements of operations and comprehensive loss. The amounts reported as taxes payable, due to officers and equity to be issued in the prior period were classified to accounts payable and accrued expenses for the current period presentation on the unaudited condensed consolidated balance sheets. Use of estimates The preparation of unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, as of the date of the unaudited condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the valuation and accounting for equity awards related to warrants and stock-based compensation, determination of fair value for derivative instruments, the accounting for business combinations, including estimating contingent consideration and allocating purchase price, estimating the useful life of fixed assets and intangible assets, as well as the estimates related to accruals and contingencies. Liquidity The Company has historically incurred losses and negative cash flows as it prepared to grow its esports business through acquisitions and new venture opportunities. As of March 31, 2021, the Company had approximately $16.9 million of available cash on-hand. On May 14, 2021, one business day preceding this filing, the Company had approximately $14.6 million of available cash on-hand. Considering the currently available cash balance of the Company, as well as the Company’s expectations regarding its ability to secure financing for planned acquisitions, the Company believes it will have sufficient cash on-hand to fund its operating expenses and capital expenditure requirements for at least 12 months following May 17, 2021. While the Company expects revenues and cash flows to increase related to current and planned acquisitions, the Company expects to incur an annual operating loss and annual negative operating cash flows during the growth phase of the business. In December 2019, a novel strain of coronavirus (“COVID-19”) emerged in Wuhan, Hubei Province, China. While initially the outbreak was largely concentrated in China and caused significant disruptions to its economy, it has now spread to several other countries and infections have been reported globally. Due to the outbreak of COVID-19, almost all major sports events and leagues were postponed or put-on hold, for the period from April 2020 through June 2020. The cancelation of major sports events had a significant short-term negative effect on betting activity globally. As a result, iGaming and event operators faced major short-term losses in betting volumes. Online casino operations have generally continued as normal without any noticeable disruption due to the COVID-19 outbreak. The virus’s expected effect on online casino activity globally is expected to be overall positive or neutral. Travel restrictions and border closures have not materially impacted the Company’s ability to manage and operate the day-to-day functions of the business. Management has been able to operate in a virtual setting. However, if such restrictions become more severe, they could negatively impact those activities in a way that would harm the business over the long term. Travel restrictions impacting people can restrain the ability to operate, but at present we do not expect these restrictions on personal travel to be material to the Company’s operations or financial results. The ultimate impact of the COVID-19 pandemic on the Company’s operations is unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak, new information which may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments, or the Company, may direct, which may result in an extended period of continued business disruption and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time but may have a material adverse impact on our business, financial condition and results of operations. Cash Cash includes cash on hand. Cash equivalents consist of highly liquid debt instruments purchased with an original maturity of three months or less. As of March 31, 2021 and June 30, 2020 the Company did not have any financial instruments classified as cash equivalents. At times, cash deposits inclusive of restricted cash may exceed Federal Deposit Insurance Corporation (“FDIC”) insured limits. The Company’s cash is held with financial institutions, and the account balances may exceed the Federal Deposit Insurance Corporation (FDIC) insurance limit at times. Accounts are insured by the FDIC up to $250,000 per financial institution. There have been no losses recognized on cash balances held at these financial institutions. Restricted Cash Restricted cash includes cash reserves maintained for compliance with gaming regulations that require adequate liquidity to satisfy cash amounts available to users. At March 31, 2021, restricted cash includes amounts due to users of $1.5 million as required by the Malta Gaming Authority and $1.9 million representing 90% of liabilities to customers in other jurisdictions. Accounts Receivable Accounts receivable is comprised of the amounts billed to customers principally for esport event and team management services. Accounts receivable is recorded net of an allowance for credit losses. The Company performs ongoing credit evaluations for its customers and determines the amount of the allowance for credit losses upon considering such factors as historical losses, known disputes or collectability issues, the age of a receivable balance as well as current economic conditions. Bad debt expense is recorded to maintain the allowance for credit losses at an appropriate level and changes in the allowance for credit losses are included in general and administrative expense in the unaudited condensed consolidated statements of operations and comprehensive loss. At March 31, 2021, the allowance for credit losses was not significant to the unaudited condensed consolidated financial statements of the Company. Receivables Reserved for Users User deposit receivables are stated at the amount the Company expects to collect from a payment processor. These arise due to the timing differences between a user’s deposit and the receipt of the payment into the Company’s bank accounts. Equipment Equipment is stated at cost less accumulated depreciation. The Company capitalizes the direct cost of equipment as well as expenditures related to improvements and betterments that add to the productive capacity or useful life of the equipment. Depreciation is computed utilizing the straight-line method over the estimated useful life of the asset. The estimated useful life of equipment by asset class follows: Furniture and equipment 5 years Computer equipment 3 years The estimated useful life and residual value of equipment are reviewed and adjusted, if appropriate, at the end of each reporting period. T he costs and accumulated depreciation of assets that are sold, retired, or otherwise disposed of are removed from the accounts and the resulting gain or loss is recognized as a gain or loss on sale or disposition of assets in the unaudited condensed consolidated statement of operations. Business Combinations The Company accounts for business combinations using the acquisition method of accounting. The Company records the assets acquired, liabilities assumed and acquisition-related contingent consideration at fair value on the date of acquisition. The difference between the purchase price, including any contingent consideration, and the fair value of net assets acquired is recorded as goodwill. The Company may adjust the preliminary purchase price and purchase price allocation, as necessary, during the measurement period of up to one year after the acquisition closing date as it obtains more information as to facts and circumstances that impact the determination of fair value at the acquisition date. Any change in fair value of acquisition-related contingent consideration resulting from events after the acquisition date is recognized in earnings. Acquisition-related costs are recognized separately from the acquisition and are expensed as incurred. Goodwill Goodwill represents the excess of fair value of consideration paid for an acquired entity over the fair value of the assets acquired and liabilities assumed in a business combination. Goodwill is not amortized, but subject to impairment tests each fiscal year, or more often when events or circumstances indicate that the carrying amount of goodwill may not be recoverable. The Company’s impairment test utilizes the two-step approach. The first step of the goodwill impairment test compares the fair value of a reporting unit with its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered impaired and thus the second step of the impairment test is unnecessary. If the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment test is performed to measure the amount of the impairment loss, if any. The second step of the goodwill impairment test compares the implied fair value of reporting unit goodwill with the carrying amount of that goodwill. If the carrying amount of reporting unit goodwill exceeds the implied fair value of that goodwill, an impairment loss shall be recognized in an amount equal to that excess. The recoverability of goodwill is performed at the entity level as the Company operates as one reportable segment and one reporting unit. In order to approximate the fair value of the reporting unit for purposes of testing recoverability, we use the total market capitalization of the Company, a market approach, which is then compared to the total book value of the Company. In the event the Company’s fair value has decreased below book value, the Company will compare the estimated fair value of goodwill to its book value. If the book value of goodwill exceeds the estimated fair value of goodwill, the Company will recognize the difference as an impairment loss in operating income. There has been no impairment of goodwill during each of the three and nine month periods presented in the unaudited condensed consolidated statements of operations and comprehensive loss. Intangible assets Intangible assets with determinable lives consist of player relationships, developed software, tradename and gaming licenses. Intangible assets with determinable lives are amortized on a straight-line basis over their estimated useful lives of 5 years for player relationships and developed software, 10 years for tradename and 2 years for gaming licenses. The Company also capitalizes internal-use software costs such as external consulting fees, payroll and payroll-related costs and stock-based compensation for employees in the Company’s development and information technology groups who are directly associated with, and who devote time to, the Company’s internal-use software projects. Capitalization begins when the planning stage is complete and the Company commits resources to the software project and continues during the application development stage. Capitalization ceases when the software has been tested and is ready for its intended use. Costs incurred during the planning, training and post-implementation stages of the software development life-cycle are expensed as incurred. Impairment of Long-Lived Assets Equipment and other long-lived assets, including finite lived intangibles, are evaluated for impairment periodically or when events and circumstances indicate that the carrying amount of an asset may not be recoverable. If an evaluation is required, an estimate of future undiscounted cash flows are determined through estimated disposition date of the asset. To the extent that estimated future undiscounted net cash flows attributable to the asset are less than the carrying amount, an impairment loss is recognized equal to the difference between the carrying value of such asset and its fair value, considering external market participant assumptions. An estimation of future cash flows requires significant judgment as the Company makes assumptions about future revenues and market conditions. Since the determination of future cash flows is an estimate of future performance, there may be impairments recognized in future periods in the event future cash flows do not meet expectations. The Company recorded an impairment of intangible assets of $67,132 during the nine months ended March 31, 2020. There was no impairment of long-lived assets identified for the three and nine months ended March 31, 2021. Liabilities to Customers The Company records liabilities to customers, also referred to as player liabilities, for the amounts that may be withdrawn by a player at a given time. The player liabilities include player deposits, bonuses or incentive awards and user winnings less withdrawals, tax withholdings and player losses. Jackpot Provision The jackpot provision liability is an estimate of the amount due to players for jackpot winnings. The jackpot liability is accrued monthly based on an estimate of the jackpot amount available for winning. The jackpot increases with each bet on a jackpot eligible igaming casino machine and a portion of each losing bet is allocated towards the funding of the jackpot amount. Jackpots are programmed to be paid out randomly across certain casino brands. When a player wins a jackpot, the amount of the jackpot is reset to a defined amount that varies across eligible igaming casino machines. Participating igaming casino machines of the Company pool into the same jackpot and therefore the winning of a jackpot affects other players on the network of participating igaming casino machines. Jackpot winnings reduce revenue at the time the entity has the obligation to pay the jackpot, which occurs when the jackpot is won by the player. Leases The Company has entered into leases for office space beginning in fiscal 2021 as a result of its acquisitions of Argyll and Lucky Dino (Note 3) resulting in the recognition of an operating lease right-of-use asset and operating lease liability on the date of acquisition. The Company measures the ROU assets and liabilities based on the present value of the future minimum lease payments over the lease term at the commencement date. Minimum lease payments include the fixed lease and non-lease components of the agreement, as well as any variable rent payments that depend on an index, initially measured using the index at the lease commencement date. The minimum payments under operating leases are recognized on a straight-line basis over the lease term in the unaudited condensed consolidated statements of operations and comprehensive loss. Operating lease expenses related to variable lease payments are recognized as operating expenses in a manner consistent with the nature of the underlying lease and as the events, activities, or circumstances in the lease agreement occur. Leases with a term of less than 12 months (“short-term leases”) are not recognized on the unaudited condensed consolidated balance sheets. The rent expense for short-term leases is recognized on a straight-line basis over the lease term and included in general and administrative expense on the unaudited condensed consolidated statements of operations and comprehensive loss. The accounting for leases requires management to exercise judgment and make estimates in determining the applicable discount rate, lease term and payments due under a lease. If a lease does not provide an implicit rate, the Company uses the incremental borrowing rate to determine the present value of future lease payments. The lease term includes the non-cancellable period of the lease plus any additional periods covered by either an option to extend (or not terminate) that the Company is reasonably certain to exercise, or an option to extend (or not to terminate) a lease controlled by the lessor. Lease payments are generally comprised of fixed payments. Income Taxes The Company accounts for income taxes using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the unaudited condensed consolidated financial statements or in the Company’s tax returns. Deferred tax assets and liabilities are determined on the basis of the differences between U.S. GAAP treatment and tax treatment of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Changes in deferred tax assets and liabilities are recorded in the provision for income taxes. The Company assesses the likelihood that its deferred tax assets will be recovered from future taxable income and, to the extent it believes, based upon the weight of available evidence, that it is more likely than not that all or a portion of the deferred tax assets will not be realized, a valuation allowance is established through a charge to income tax expense. Potential for recovery of deferred tax assets is evaluated by considering taxable income in carryback years, existing taxable temporary differences, prudent and feasible tax planning strategies and estimated future taxable profits. The Company accounts for uncertainty in income taxes recognized in the unaudited condensed consolidated financial statements by applying a two-step process to determine the amount of tax benefit to be recognized. First, the tax position must be evaluated to determine the likelihood that it will be sustained upon external examination by the taxing authorities. If the tax position is deemed more-likely-than-not to be sustained, the tax position is then assessed to determine the amount of benefit to recognize in the unaudited condensed consolidated financial statements. The amount of the benefit that may be recognized is the largest amount that has a greater than 50% likelihood of being realized upon ultimate settlement. The provision for income taxes includes the effects of any resulting tax reserves, or unrecognized tax benefits, that are considered appropriate, as well as the related net interest and penalties. Derivative Instruments The Company evaluates its convertible notes and warrants to determine if those contracts or embedded components of those contracts qualify as derivatives. The result of this accounting treatment is that the fair value of the embedded derivative is recorded at fair value each reporting period and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statements of operations as other income or expense. In circumstances where the embedded conversion option in a convertible instrument is required to be bifurcated and there are also other embedded derivative instruments in the convertible instrument that are required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is reassessed at the end of each reporting period. Equity instruments that are initially classified as equity that become subject to reclassification are reclassified to liability at the fair value of the instrument on the reclassification date. Derivative instrument liabilities are classified in the balance sheet as current or non-current to correspond with its host instrument. The Company records the fair value of the remaining embedded derivative warrants at each balance sheet date and records the change in the fair value of the remaining embedded derivative warrants as other income or expense in the unaudited condensed consolidated statements of operations and comprehensive loss. Fair Value Measurements Fair value is defined as the price that would be received for an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. Valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. The following summarizes the three levels of inputs required to measure fair value, of which the first two are considered observable and the third is considered unobservable: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Certain assets and liabilities are required to be recorded at fair value on a recurring basis. The Company adjusts contingent consideration resulting from a business combination, as well as derivative financial instruments and warrant liabilities to fair value on a recurring basis. Earnings Per Share Basic net income or loss per share is computed by dividing net income or loss attributable to common shareholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) for the period. In periods of losses, diluted loss per share is computed on the same basis as basic loss per share as the inclusion of any other potential shares outstanding would be anti-dilutive. The following securities were excluded from weighted average diluted common shares outstanding for the three and nine months ended March 31, 2021 and 2020 because their inclusion would have been antidilutive. As of March 31, 2021 2020 Common stock options 481,676 51,941 Common stock warrants 1,415,991 414,549 Convertible notes — 447,889 Contingently issuable shares — 2,667 Total 1,897,667 917,046 Comprehensive Loss Comprehensive loss consists of the net loss for the period and foreign currency translation adjustments related to the effect of foreign exchange on the value of assets and liabilities. The net translation loss for the period is included in the unaudited condensed consolidated statements of comprehensive loss. Foreign Currency Translation The functional currencies of the Company include the U.S. dollar, British Pound and Euro. The reporting currency of the Company is the U.S. Dollar. A ssets and liabilities of the Company’s foreign operations with functional currencies other than the U.S. dollar are translated at the exchange rate in effect at the balance sheet date, while revenues and expenses are translated at average rates prevailing during the periods. Translation adjustments are reported in accumulated other comprehensive loss, a separate component of stockholders’ equity. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. The Company recorded a foreign exchange transaction loss for the three and nine months ended March 31, 2021 of $165,272 and $268,285. The Company recorded foreign exchange transaction income for the three months ended March 31, 2020 of $33 and a foreign exchange transaction loss of $1,544 for the nine months ended March 31, 2020. Stock-based Compensation The Company periodically issues stock-based compensation to employees, directors, contractors and consultants for services rendered. Stock-based compensation granted to employees and non-employee directors includes grants of restricted stock and employee stock options that are measured and recognized based on their fair values determined on the grant date. The award of restricted stock and stock options, which are generally time vested, are measured at the grant date fair value and charged to earnings on a straight-line basis over the vesting period. The fair value of stock options is determined utilizing the Black-Scholes option-pricing model, which is affected by several variables, including the risk-free interest rate, the expected dividend yield, the expected life of the equity award, the exercise price of the stock option as compared to the fair market value of the common stock on the grant date, and the estimated volatility of the common stock over the term of the equity award. The fair value of restricted stock is determined by the closing market price of our common stock on the date of grant. The compensation cost for service-based stock options granted to consultants is measured at the grant date, based on the fair value of the award, and is expensed on a straight-line basis over the requisite service period (the vesting period of the award). Sales and Marketing Sales and marketing expenses are comprised primarily of advertising costs that include online search advertising and placement, including advertising with affiliates for the online betting and casino operations, as well as other promotional expenses paid to third parties, including expenses related to sponsorship agreements. Revenue and Cost Recognition The revenue of the Company is currently generated from online casino and sports betting (referred to herein as “iGaming” revenue), as well from the provision of esports event and team management services. The Company recognizes revenue in accordance with Topic 606 – Revenue from Contracts with Customers Revenue generating activities of the Company are subject to value added tax (“VAT”) in most jurisdictions in which the Company operates. Revenue is presented net of VAT in the unaudited condensed consolidated statements of operations and comprehensive loss. VAT receivables and VAT payables are included in Other receivables and Accounts payable and accrued expenses, respectively on the unaudited condensed consolidated balance sheets. Sales to customers do not have significant financing components or payment terms greater than 12 months. iGaming Revenue iGaming revenue is derived from the placement of bets by end-users, also referred to as customers, through online gaming sites. The transaction price in an iGaming contract, or Net Gaming Revenue (“NGR”), is the difference between gaming wins and losses, as further reduced by any nondiscretionary incentives awarded to the customer. Gaming transactions involve four performance obligations, namely the settlement of each individual bet, the honoring of discretionary incentives available to the customer through loyalty reward programs, the award of free spin and deposit match bonuses, and the winning of a casino jackpot. The total amount wagered by a customer is commonly referred to as the win or Gross Gaming Revenue (“GGR”). The GGR is allocated to each performance obligation using the relative standalone selling price (“SSP”) determined for iGaming contracts. Revenue recognition for individual wagers is recognized when the gaming occurs, as such gaming activities are settled immediately. The revenue allocated to incentives, such as loyalty points offered through a rewards program, is deferred and recognized as revenue when the loyalty points are redeemed. Revenue allocated to free spins and deposit matches, referred to as bonuses, are recognized at the time that they are wagered. The revenue for jackpot games is recognized when the jackpot is won by the customer. The Company applies a practical expedient by accounting for its performance obligations on a portfolio basis as iGaming contracts have similar characteristics. The Company expects the application of the revenue recognition guidance to a portfolio of iGaming contracts will not materially differ from the application of the revenue recognition guidance on an individual contract basis. The Company evaluates bets that its users place on websites owned by third party brands in order to determine whether it may recognize revenue on a gross basis, when acting as the principal provider of the wagering service, or on a net basis, when acting as an intermediary or agent. The principal in a wagering service involving a third party is generally the entity that controls the wagering service such that it has a right to the services being performed by the third party and can direct the third party in delivery of the service to its users. The Company records revenue on a gross basis as it has determined it is the principal in transactions involving third parties, such as revenue sharing arrangements, as it controls the wagering service being offered to the users such that it has a right to the service performed by third parties and can further direct third parties in providing services to users. The Company further records expenses related to its revenue sharing arrangements and other third party igaming expenses within costs of revenue in the unaudited condensed consolidated statement of operations and comprehensive loss. Esport Event Management and Team Services The Company derives revenue from esports event management and team services. Esport event management services support the creation, production and delivery of an esports event by providing event staffing, gaming consoles, and other technical goods and services for a customer event that is either hosted live or online. The revenue generated from esport event management services is generally earned on a fixed fee basis per event. The esports team services offering of the Company include recruitment and management services offered to sports clubs to facilitate their en

Business Acquisitions

Business Acquisitions	9 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Business Acquisitions	Note 3 – Business Acquisitions Acquisition of EGL On January 21, 2021, the Company acquired all the issued and outstanding share capital of EGL for total preliminary purchase consideration of $2,975,219. The total purchase consideration included $481,386 of cash paid at closing, (net cash paid being $477,350 after adjustment for cash acquired of $4,036), and the issuance of 292,511 shares of common stock with a fair value of $2,193,833 as determined using the closing share price on the date of acquisition. The purchase consideration also included a preliminary estimate of $300,000 for contingent consideration (“Holdback Consideration”) that is calculated by the Company based on the progress of EGL towards the achievement of certain revenue targets by May 16, 2021. The Holdback Consideration is payable in cash of up to a maximum of approximately $725,000 (equivalent to approximately £530,000 of purchase consideration using exchange rates at the acquisition date) and common stock of up to a maximum of approximately $2,200,000 (equivalent to approximately £1,590,000 of purchase consideration using exchange rates at the acquisition date) using a volume weighted share price determined at the date of acquisition. The Holdback Consideration is due to be settled within 5 business days following May 16, 2021. At May 17, 2021, the Company had not concluded the Holdback Consideration amount payable in cash or shares. This considers that the computation of progress towards the achievement of revenue target through May 16, 2021 has not been completed at May 17, 2021 and an amount of Holdback Consideration has not been approved for payment. The Company may also pay an additional $2,750,000 (equivalent to approximately £2,000,000 of purchase price using exchange rates at the acquisition date) in contingent earnout consideration (“Earnout Consideration”) if EGL is to achieve an earnings benchmark on the 18 month anniversary of the closing date. On the date of acquisition, the Company determined that the likelihood of a payout of the Earnout Consideration was remote and therefore did not assign a value to the Earnout Consideration on the date of acquisition. This considers the Earnout Consideration benchmark increases during the earnout period for amounts invested by the Company in the operations of EGL. The Earnout Consideration benchmark also increases relative to the appreciation in the share consideration that was issued by the Company for the acquisition of EGL. A summary of the preliminary purchase consideration pending the final determination of the fair value of the Holdback Consideration follows: Cash paid at closing $ 481,386 Share consideration issued at closing 2,193,833 Holdback Consideration 300,000 Total purchase price consideration $ 2,975,219 The preliminary purchase price and purchase price allocation pending a final valuation of assets acquired and liabilities assumed follows: Cash $ 4,036 Accounts receivable 141,030 Other receivables 32,923 Equipment 11,274 Intangible assets 1,371,789 Goodwill 1,951,233 Other non-current assets 5,382 Accounts payable and accrued expenses (118,157 ) Deferred revenue (95,062 ) Deferred income tax liability (260,640 ) Notes payable (68,589 ) Total purchase consideration $ 2,975,219 The acquired intangible assets, useful lives and a preliminary estimate of fair value at the acquisition date follows: Useful Life (years) Fair Value Tradename 10 $ 411,537 Developed technology 5 823,073 Customer relationships 5 137,179 Total $ 1,371,789 The results of operations of EGL are included in the unaudited condensed consolidated financial statements of the Company for the three and nine months ended March 31, 2021 since the date of acquisition. The goodwill recorded in the EGL acquisition is not deductible for tax purposes. Transaction related expenses were $10,531 for the three and nine months ended March 31, 2021 are included in general and administrative expenses in the unaudited condensed consolidated statements of operations. Acquisition of Lucky Dino On March 1, 2021, the Company completed the acquisition of the operating assets and specified liabilities that comprise the online gaming casino operations of Lucky Dino for cash paid at closing €25,000,000 ($30,133,725 using exchange rates in effect at the acquisition date), or with net cash paid being €24,001,795 ($28,930,540 using exchange rates in effect at the acquisition date) after adjustment for cash acquired of €998,205 ($1,203,185 using exchange rates in effect at the acquisition date). The acquisition of Lucky Dino was funded with available cash on hand. The preliminary purchase price and purchase price allocation pending a final valuation of assets acquired and liabilities assumed follows: Restricted cash $ 1,203,185 Other receivables 131,111 Equipment 13,765 Intangible assets 19,037,840 Operating lease right-of-use asset 371,898 Goodwill 10,641,217 Accounts payable and accrued expenses (319,149 ) Liabilities to customers (574,244 ) Operating lease liability (371,898 ) Total purchase price consideration $ 30,133,725 The acquired intangible assets, useful lives and a preliminary estimate of fair value at the acquisition date follows: Useful Life (years) Fair Value Tradename 10 $ 2,100,000 Gaming licenses 2 700,000 Developed technology 5 5,500,000 Player relationships 5 10,700,000 Total $ 19,000,000 The results of operations of Lucky Dino are included in the unaudited condensed consolidated financial statements of the Company for the three and nine months ended March 31, 2021 since the date of acquisition. The goodwill recorded in the Lucky Dino acquisition is deductible for tax purposes. Transaction related expenses were $1,216,332 for the three and nine months ended March 31, 2021 and are included in general and administrative expenses in the unaudited condensed consolidated statements of operations. Acquisition of Argyll On July 31, 2020, the Company acquired Argyll, an online casino and sportsbook operator A summary of the preliminary purchase consideration follows pending a final determination of fair value for warrants issued on the date of acquisition: Cash paid $ 1,250,000 Share consideration issued at closing 3,802,500 Estimated fair value of warrants issued at closing 2,750,076 Total purchase price consideration $ 7,802,576 The preliminary purchase price and purchase price allocation pending a final valuation of assets acquired and liabilities assumed follows: Cash $ 21,074 Receivables reserved for users 27,777 Other receivables 605,898 Prepaid expenses and other current assets 413,441 Equipment 70,712 Operating lease right-of-use asset 373,016 Intangible assets 7,333,536 Goodwill 4,260,418 Other non-current assets 1,130,034 Accounts payable and accrued expenses (2,735,109 ) Liabilities to customers (1,737,106 ) Deferred income tax liability (1,393,372 ) Operating lease liability (240,353 ) Notes payable (327,390 ) Total purchase consideration $ 7,802,576 The acquired intangible assets, useful lives and a preliminary estimate of fair value at the acquisition date follows: Useful Life (years) Fair Value Tradename 10 $ 1,440,516 Gaming licenses 2 916,692 Developed technology 5 2,226,252 Player relationships 5 2,750,076 Total $ 7,333,536 The results of operations of Argyll are included in the unaudited condensed consolidated financial statements of the Company for the three and nine months ended March 31, 2021 since the date of acquisition. During the three months ended March 31, 2021, the Company recorded a measurement period adjustment to reduce the preliminary purchase consideration by $2,738,095 as the Company updated the fair value of the warrants issued using a Monte Carlo simulation. The Company also recorded a measurement period adjusted to update the preliminary purchase price allocation based on a revision to the allocation of fair value to identifiable intangible assets. The goodwill is not deductible for tax purposes. Transaction related expenses were $77,113 for the nine months ended March 31, 2021 and are included in general and administrative expenses in the unaudited condensed consolidated statements of operations. Acquisition of Flip On September 3, 2020 the Company acquired the software development operations of Flip Sports Limited (“FLIP”) for cash of $100,000, share consideration of $411,817 resulting from the issuance 93,808 shares of common stock by the Company at the share price on the date of acquisition, and contingent share consideration payable based on the retention of certain key FLIP employees and having an estimated fair value of $500,000 on the date of acquisition. The contingent share consideration was settled on March 3, 2021 through the issuance of 93,808 shares of common stock have a market value on the date of settlement of $1,805,804, resulting in the recognition of $1,305,804 as the change in fair value of contingent consideration in the unaudited condensed consolidated statement of operations and comprehensive loss for the three and nine months ended March 31, 2021. A summary of the purchase consideration follows: Cash $ 100,000 Share consideration issued at closing 411,817 Contingent share consideration 500,000 Total purchase price consideration $ 1,011,817 The preliminary allocation of purchase consideration to the assets acquired follows: Developed software $ 550,000 Goodwill 461,817 Total purchase price consideration $ 1,011,817 The developed software was determined to have an estimated useful life of 5 years. During the three months ended March 31, 2021, the Company recorded a measurement period adjustment of $88,183 to reduce the amount of goodwill due to a decrease in the fair value of the purchase share consideration issued at closing. The following table summarizes the change in fair value of the FLIP contingent share consideration that was settled by the Company through the issuance of common stock: Fair value of contingent share consideration at September 3, 2020 $ 500,000 Change in fair value contingent consideration 1,305,804 Stock issued settlement of contingent share consideration (March 3, 2021) (1,805,804 ) Fair value of contingent share consideration at March 31, 2021 $ — The results of operations of FLIP are included in the unaudited condensed consolidated financial statements of the Company for the three and nine months ended March 31, 2021 since the date of acquisition. The goodwill recorded in the FLIP acquisition is deductible for tax purposes. Transaction related expenses for FLIP were not material to the unaudited condensed consolidated statement of operations. Pro Forma Operating Results The following table summarizes unaudited pro forma results of operations for the nine months ended March 31, 2021 and 2020 as if the Argyll, Lucky Dino, and EGL have been acquired on July 1, 2019. The unaudited pro forma results of FLIP were excluded due to immateriality. The unaudited pro forma results of operations for the nine months ended March 31, 2021 and 2020 were prepared for comparative purposes only and do not purport to be indicative of what would have occurred had these acquisitions been made as of July 1, 2019 and may not be useful in predicting the future results of operations for the Company. The actual results of operations may differ materially from the pro forma amounts included in the table below. Pro Forma (Unaudited) for the nine months ended March 31, 2021 2020 Net revenue $ 23,239,740 $ 25,844,063 Net loss $ (20,690,992 ) $ (12,576,014 ) Net loss per common share, basic and diluted $ (1.03 ) $ (1.41 ) The unaudited pro forma operating results of operations for the nine months ended March 31, 2021 and 2020 include amortization of intangibles, depreciation of equipment and cash proceeds made available through the issuance of equity to facilitate the acquisitions.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	9 Months Ended
	Mar. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Note 4 – Prepaid Expenses and Other Current Assets The components of prepaid expenses and other current assets follow: March 31, 2021 June 30, 2020 Prepaid marketing costs $ 519,480 $ — Prepaid insurance 9,973 159,941 Prepaid equity — 100,000 Other prepaid operating costs 244,782 3,404 Prepaid expenses and other current assets $ 774,235 $ 263,345

Equipment

Equipment	9 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Equipment	Note 5 – Equipment The components of equipment follow: March 31, 2021 June 30, 2020 Computer equipment $ 75,859 $ 14,450 Furniture and equipment 93,780 20,241 169,639 34,691 Accumulated depreciation (88,735 ) (26,650 ) Equipment, net $ 80,904 $ 8,041 During the nine months ended March 31, 2021 and 2020, the Company recorded total depreciation expense of $51,582 and $6,419, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 6 – Goodwill and Intangible Assets A summary of the changes in the balance of goodwill follows: Nine months ended March 31, 2021 Balance of goodwill, beginning of year $ — Acquisitions 17,314,685 Foreign currency translation (322,486 ) Balance of goodwill, end of period $ 16,992,199 A summary of the changes in the balance of intangible assets for the nine months ended March 31, 2021 follows: June 30, 2020 Additions Amortization Currency Translation March 31, 2021 Tradename $ — $ 3,952,053 $ (128,833 ) $ 77,668 $ 3,900,888 Gaming licenses — 1,616,692 (350,842 ) 49,425 1,315,275 Player interface — 2,226,252 (312,838 ) 120,033 2,033,447 Developed technology and software — 6,873,073 (205,213 ) — 6,667,860 Customer and player relationships — 13,587,255 (569,449 ) 148,275 13,166,081 Internal-use software 2,000 732,560 (8,082 ) — 726,478 Total $ 2,000 $ 28,987,885 $ (1,575,257 ) $ 395,401 $ 27,810,029 During the three months ended March 31, 2021 and 2020, the Company recorded amortization expense for its intangible assets of $852,969 and $500, respectively. During the nine months ended March 31, 2021 and 2020, the Company recorded amortization expense for its intangible assets of $1,540,905 and $11,595, respectively.

Loans Receivable

Loans Receivable	9 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Loans Receivable	Note 7 – Loans Receivable On September 22, 2020, the Company entered into two credit facility agreements, (referred to herein as the “First Advances”), with Helix and ggCircuit (the “Borrowers”) totaling $1,000,000. On January 26, 2021, the Company entered into two additional credit facility agreements with the Borrowers for $1,000,000, (referred to herein as the “Second Advances”) resulting in total borrowings of $2,000,000 under credit facility agreements. The credit facilities are non-interest bearing loans that were initiated to provide additional funding to the Borrowers until the closing of the Helix and ggCircuit acquisitions. Under the terms of the First Advances, the amount advanced is credited towards the purchase consideration of the Helix and ggCircuit acquisitions should the acquisitions close on or prior to May 14, 2021. If these acquisitions do not close by May 14, 2021, and a party chooses to terminate for this reason, the Company may recover only 50% of the First Advances. The Second Advances include terms that are similar to the First Advances except that the Company is required to forgive 40% of the Second Advances should the acquisition not close by April 30, 2021. If the acquisition closes after May 14, 2021, the Company may receive a credit towards the purchase consideration equal to 50% of the Second Advances. If the acquisition is terminated, the Company shall receive a repayment equal to 50% of the Second Advances. The acquisition of Helix and ggCircuit did not close by May 14, 2021, and therefore the Company has forgiven 50% of the Second Advances, or $500,000 as a transaction expense as of such date. The remaining amounts due under the First Advances and Second Advances remain recoverable either through a reduction of the purchase price upon closing of the acquisitions or through a repayment by the Borrowers.

Other Receivables

Other Receivables	9 Months Ended
	Mar. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Receivables	Note 8 – Other Receivables The components of other receivables follows: March 31, 2021 June 30, 2020 Marketing receivables from revenue partners $ 482,882 $ — Receivable from revenue sharing arrangement 295,230 — Other 142,003 — Other receivables $ 920,115 $ —

Other Non-Current Assets

Other Non-Current Assets	9 Months Ended
	Mar. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Non-Current Assets	Note 9 – Other Non-Current Assets The components of other non-current assets follows: March 31, 2021 June 30, 2020 Deposit for gaming duties $ 755,501 $ — iGaming deposits with service providers 438,128 — Rent deposit 91,257 6,833 Other 5,467 — Other non-current assets $ 1,290,353 $ 6,833

Related Party Transactions

Related Party Transactions	9 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Note 10 – Related Party Transactions The Company entered into the following transactions with officers and directors: The Company currently reimburses the Chief Executive Officer for office rent and related expenses. During the three and nine months ended March 31, 2021, the Company incurred charges of $1,200 and $2,400, respectively from the Chief Executive Officer. As of March 31, 2021, there were no amounts payable to the Chief Executive Officer for rent or corporate related expenses. At June 30, 2020, there was $21,658 payable to the Chief Executive Officer for rent and corporate related expenses. On May 4, 2017, the Company entered into a services agreement and a referral agreement with Contact Advisory Services Ltd., an entity that is partly owned by a member of the Board of Directors. During the three and nine months ended March 31, 2021, the Company expensed approximately $22,770 and $91,247, respectively, in accordance with these agreements. The Company has retained legal and corporate secretarial services from a member of Board of Directors through a consultancy agreement dated August 1, 2020 and an employment agreement dated June 15, 2020. The legal consultancy agreement requires payments of £18,000 per month (approximately $25,000) to the law firm that is controlled by this member of the Board of Directors. The individual also receives payroll of $500 per month through the employment agreement as Legal Counsel and Company Secretary.

Leases

Leases	9 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Leases	Note 11 – Leases The operating lease expense for the nine months ended March 31, 2021 was $97,671. The rent expense for short-term leases was not material to the unaudited condensed consolidated financial statements. The following includes additional operating lease disclosure information for the operating lease: For the three months ended ROU assets obtained in exchange for lease liabilities $ 626,935 Weighted average remaining useful life (years) 4.36 Weighted average discount rate 5 % The future minimum lease payments under the operating lease at March 31, 2021 follows: Fiscal 2021 $ 92,446 Fiscal 2022 185,051 Fiscal 2023 68,811 Fiscal 2024 71,493 Fiscal 2025 74,282 Thereafter 136,750 Total lease payments 628,833 Less: imputed interest 65,903 Present value of lease liabilities $ 562,930 The unaudited condensed consolidated balance sheet location of assets and liabilities related to operating leases follow: Operating lease liability – current (current liability) $ 240,725 Operating lease liability (non-current liability) $ 322,205

Notes Payable

Notes Payable	9 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Notes Payable	Note 12 – Notes Payable The Company assumed a sterling term loan facility from HSBC with a limit of £250,000 (approximately $340,000) in connection with its acquisition of Argyll (Note 3). The loan allowed for a drawdown period of up to 60 days following the loan acceptance date and Argyll had elected to borrow the total amount available under the loan facility. The notes payable has a term of 3 years, bears interest at 3.49% per annum over the Bank of England base rate and is secured by the assets and equity of Argyll. The principal and interest payments on the notes payable do not begin until the thirteenth month following the initial borrowing date, or May 2021. The notes payable balance for this loan facility was $345,039 at March 31, 2021. The Company assumed a £50,000 sterling term loan facility in connection with the acquisition of EGL (Note 3). The loan allowed for a drawdown period of up to 60 days following the loan acceptance date and EGL had elected to borrow the total amount available under the loan facility. The Company repaid the principal amount of £50,000 of this sterling term loan facility (equivalent to $69,257) on March 31, 2021. The loan did not accrue interest at the time of the repayment.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13 – Commitments and contingencies Commitments On October 1, 2019, the Company entered into a sponsorship agreement with an eSports team (the “Team”) in order to obtain certain sponsorship-related rights, benefits, and opportunities with respect to the Team. The Company had agreed to initially pay the Team $516,000 in cash and $230,000 in common stock during the period from October 1, 2019 to June 30, 2022. On August 6, 2020, the Company entered into an amended and restated sponsorship agreement with the Team that included cash payments totaling $2,545,000 and issuance of common stock equal to $825,0000 during the term of the agreement ending January 31, 2023. During the three and nine-month period ended March 31, 2021, the Company has recorded $334,031 and $879,615 in sales and marketing expense related to the amended and restated sponsorship agreement, and has further recorded a liability of $30,453 in accounts payable and accrued expenses related to its financial obligations under the amended and restated sponsorship agreement. As of March 31, 2021, the commitments under this agreement are estimated at approximately $812,500 for the remainder of calendar year ended December 31, 2021 and $1,500,000 for the calendar year ended December 2022. The Company had previously issued 33,333 shares of common stock to the Team under the agreement valued at $21,000 and has further issued 31,198 shares for $187,500 under the amended and restated agreement in April 2021. On August 17, 2020, the Company entered into an agreement with Bally’s Corporation, an operator of various online gaming and betting services in the state of New Jersey, USA, to assist the Company in its entrance into the sports wagering market in New Jersey under the State Gaming Law. On the skin launch date (the “Launch Date”), which is expected to occur during the fiscal year ending June 30, 2021, the Company will pay the operator $1,500,000 and issue 50,000 shares of common stock. On each one-year anniversary of the Launch Date, the Company will pay an additional $1,250,000 and issue 10,000 shares of common stock. The agreement has a term of term of ten years that will commence on the Launch Date. In the ordinary course of business, the Company enters into multi-year agreements to purchase sponsorships with professional teams as part of its marketing efforts to expand competitive esports gaming. At March 31, 2021, the commitments under these agreements are estimated at $1,072,500 for the remainder of calendar year ended December 31, 2021, $1,298,625 for the calendar year ended December 31, 2022, $1,351,681 for the calendar year ended December 31, 2023, $891,334 for calendar year ended December 31, 2024 and $923,511 for the calendar year ended December 31, 2025. Helix Holdings, LLC Purchase Agreement On January 22, 2021, the Company entered into an equity purchase agreement (the “Helix Purchase Agreement”), by and among the Company, Helix and the equity holders of Helix (the “Helix Equity Holders”), whereby the Company can acquire from the Helix Equity Holders all of the issued and outstanding membership units of Helix (the “Helix Units”), making Helix a wholly owned subsidiary of the Company. As consideration for the Helix Units, the Company agreed to pay the Helix Equity Holders $17,000,000 (the “Helix Purchase Price”), to be paid fifty percent (50%) in shares of common stock of the Company, par value $0.001 per share (the “Common Stock”) (the “Helix Share Consideration”), and fifty percent (50%) in cash (the “Helix Cash Consideration”). The per share price of the Common Stock issuable as Helix Share Consideration shall be the Closing Base Price minus the Discount. “Closing Base Price” means the volume weighted average price (“VWAP”) of the Common Stock during the thirty (30) trading days immediately preceding the date of the closing under the Helix Purchase Agreement (the “Closing”). “Discount” equals the greater of (A) and (B) minus the lesser of (A) and (B) multiplied by 0.25 where (A) is the VWAP of the common stock during the thirty (30) trading days immediately preceding October 26, 2020 (which was $4.54 per share) multiplied by 1.25 (which is $5.675); and (B) is the Closing Base Price. The Closing under the Helix Purchase Agreement is subject to the simultaneous closing under an equity purchase agreement (the “GGC Purchase Agreement”) among the Company, ggCircuit LLC, an Indiana limited liability company (“GGC”) and the equity holders of GGC (the “GGC Equity Holders”), the principal terms of which are described below. The Closing is also subject to (i) the completion of an opinion (the “Fairness Opinion”) respecting the fairness of the consideration to be paid by the Company and received by the Helix Equity Holders and the GGC Equity Holders pursuant to the Helix Purchase Agreement and the GGC Purchase Agreement from a financial point of view; and (ii) an audit, as of and for the two years ending December 31, 2019, and a financial review, for the nine month periods ended September 30, 2020 and 2019, of Helix and affiliated entities. The parties to the Helix Purchase Agreement may terminate the Helix Purchase Agreement, among other reasons, if (i) the Fairness Opinion does not support an aggregate purchase price for Helix and GGC of $43,000,000 and, based thereon, the Company is no longer willing to pay the Helix Purchase Price, or (ii) the Closing has not occurred on or before May 14, 2021 or such later date as may be mutually agreed to by the parties. The Company can also terminate the Helix Purchase Agreement if (i) upon completion of its legal, financial, tax and commercial due diligence of Helix and affiliated entities, it is not satisfied, with the results thereof; (ii) the audit and/or review of Helix and affiliated entities cannot be completed due to fraud, material accounting errors or otherwise or if the results of the audit or the review are materially and adversely different from the financial information provided by Helix and the Helix Equity Holders to the Company prior to the execution of the Helix Purchase Agreement. In connection with the negotiation of the Helix Purchase Agreement, the Company advanced an aggregate of $400,000 to Helix during 2020 and 2021 in the form of loans (the “Helix Loans”). Upon execution of the Helix Purchase Agreement, the Company paid Helix an additional $400,000 to be used for operating expenses pending the Closing (the “Operating Expense Payments”). If the Closing takes place on or prior to May 14, 2021, the Company will receive a full credit against the Helix Purchase Price for the Helix Loans and if the Closing takes place prior to April 30, 2021 the Company will receive a full credit against the Helix Purchase Price for the Operating Expense Payments. If Closing takes place after April 30, 2021, but on or prior to May 14, 2021, the Company shall receive a credit against the Helix Purchase Price for 60% of the Operating Expense Payments. If the transaction does not close, depending on the reason, a portion of the Helix Loans and the Operating Expense Payments may be forgiven. The Helix Purchase Agreement contains customary representations, warranties, covenants, indemnification and other terms for transactions of a similar nature. The acquisition of Helix did not close by May 14, 2021, and therefore the Company has forgiven $200,000 of the Operating Expense Payments made to Helix. The remaining amounts due under the Helix Loans remain recoverable either through a reduction of the purchase price upon closing of the acquisition or through a repayment. See also Note 7 for discussion of the amounts advanced to Helix in connection with the Helix Loans. ggCIRCUIT LLC Purchase Agreement On January 22, 2021, the Company entered into the GGC Purchase Agreement whereby the Company can acquire from the GGC Equity Holders all of the issued and outstanding membership units of GGC (the “GGC Units”), making GGC a wholly owned subsidiary of the Company. As consideration for the GGC Units, the Company agreed to pay the GGC Equity Holders $26,000,000 (the “GGC Purchase Price”) to be paid fifty percent (50%) in shares of Common Stock (the “GGC Share Consideration”), and fifty percent (50%) in cash (the “GGC Cash Consideration”) The per share price of the Common Stock issuable as GGC Share Consideration shall be the Closing Base Price minus the Discount. “Closing Base Price” means the volume weighted average price (“VWAP”) of the Common Stock during the thirty (30) trading days immediately preceding the date of the closing under the GGC Purchase Agreement (the “Closing”). “Discount” equals the greater of (A) and (B) minus the lesser of (A) and (B) multiplied by 0.25 where (A) is the VWAP of the common stock during the thirty (30) trading days immediately preceding October 26, 2020 (which was $4.54 per share) multiplied by 1.25(which is $5.675); and (B) is the Closing Base Price. The Closing under the GGC Purchase Agreement is subject to the simultaneous closing under the Helix Purchase Agreement. The Closing is also subject to (i) the completion of the Fairness Opinion; and (ii) an audit, as of and for the two years ending December 31, 2019, and a financial review, for the nine month periods ended September 30, 2020 and 2019, of GGC and affiliated entities. The parties to the GGC Purchase Agreement may terminate the GGC Purchase Agreement, among other reasons, if (i) the Fairness Opinion does not support an aggregate purchase price for Helix and GGC of $43,000,000 and, based thereon, the Company is no longer willing to pay the GGC Purchase Price, or (ii) the Closing has not occurred on or before May 14, 2021 or such later date as may be mutually agreed to by the parties. The Company can also terminate the GGC Purchase Agreement if (i) upon completion of its legal, financial, tax and commercial due diligence of GGC and affiliated entities, it is not satisfied, with the results thereof; (ii) the audit and/or review of GGC and affiliated entities cannot be completed due to fraud, material accounting errors or otherwise or if the results of the audit or the review are materially and adversely different from the financial information provided by GGC and the GGC Equity Holders to the Company prior to the execution of the GGC Purchase Agreement. In connection with the negotiation of the GGC Purchase Agreement, the Company advanced an aggregate of $600,000 to GGC during 2020 in the form of loans (the “GGC Loans”). Upon execution of the GGC Purchase Agreement, the Company paid GGC an additional $600,000 to be used for operating expenses pending the Closing (the “Operating Expense Payments’). If the Closing takes place on or prior to May 14, 2021, the Company will receive a full credit against the GGC Purchase Price for the GGC Loans and if the Closing takes place prior to April 30, 2021 the Company will receive a full credit against the GGC Purchase Price for the Operating Expense Payments. If Closing takes place after April 30, 2021, but on or prior to May 14, 2021, the Company shall receive a credit against the GGC Purchase Price for 60% of the Operating Expense Payments. If the transaction does not close, depending on the reason, a portion of the GGC Loans and the Operating Expense Payments may be forgiven. The GGC Purchase Agreement contains customary representations, warranties, covenants, indemnification and other terms for transactions of a similar nature. The acquisition of ggCircuit did not close by May 14, 2021, and therefore the Company has forgiven $300,000 of the Operating Expense Payments made to ggCircuit. The remaining amounts due under the GGC Loans remain recoverable either through a reduction of the purchase price upon closing of the acquisition or through a repayment. See also Note 7 for discussion of the amounts advanced to ggCircuit in connection with the GGC Loans. Contingencies In September 2018, Boustead Securities, LLC (“Boustead”) notified the Company of a claim that they were owed $192,664, as well as warrants to purchase 1,417,909 shares of the Company’s common stock as compensation for their acting as the placement agent for the sale of the Company’s securities between June 2017 and 2018. This matter was brought to arbitration on December 7, 2020. On February 3, 2021, the arbitration awarded Boustead Securities, LLC $289,874 in damages and allowable costs (excluding attorneys’ fees) with interest accruing approximately $21 per day. At March 31, 2021, the Company has recorded a liability for the amount awarded in arbitration in accounts payable and accrued expenses in the unaudited condensed consolidated balance sheet. On August 3, 2020, Tangiers Global, LLC (“Tangiers”) filed a lawsuit against the Company alleging that it had breached its obligations related to an 8% convertible promissory note dated June 3, 2016 and common stock purchase warrants of the same date. On April 30, 2021, a Settlement Agreement was entered into with Tangiers for an undisclosed amount. The Company has recorded a liability for the amount of the settlement in accounts payable and accrued expenses at March 31, 2021. The amount of the settlement was not material to the unaudited condensed consolidated financial statements of the Company.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Mar. 31, 2021
Revenue Recognition and Deferred Revenue [Abstract]
Revenue Recognition	Note 14 – Revenue Recognition The Company commenced revenue generating operations on July 31, 2020 with the acquisition of Argyll (Note 3) and did not record revenue during the three and nine months ended March 31, 2020. A disaggregation of revenue for the three and nine months ended March 31, 2021 follows: For the three months ended March 31, 2021 For the nine months ended March 31, 2021 Online betting and casino revenues $ 5,225,053 $ 7,650,840 Other services 173,655 332,453 Total $ 5,398,708 $ 7,983,293 The following table presents disaggregated revenue by geographical area for the three and nine months ended March 31, 2021: For the three months ended March 31, 2021 For the nine months ended March 31, 2021 United States $ 124,059 $ 280,974 International 5,274,649 7,702,319 Total $ 5,398,708 $ 7,983,293

Equity

Equity	9 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Equity	Note 15 – Equity Preferred Stock The Company has authorized 10,000,000 shares of preferred stock with a par value of $0.001 per share. There were no preferred shares issued and outstanding at March 31, 2021 and June 30, 2020. Common Stock The following is a summary of common stock issuances for the nine months ended March 31, 2021: ● On February 11, 2021, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain investors resulting in the raise of $30,000,000 in gross proceeds for the Company. Pursuant to the terms of the Purchase Agreement, the Company agreed to sell, in a registered direct offering, an aggregate of 2,000,000 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share at a price of $15.00 per Share. The offering was consummated on February 16, 2021, at which time the Company received net proceeds of $27,340,000. ● During the nine months ended March 31, 2021, the Company issued 650,000 shares of common stock as a component of the purchase consideration for Argyll. The Company recorded the issuance of these shares at fair value in the amount of $3,802,500 (see Note 3). ● During the nine months ended March 31, 2021, the Company issued a total of 187,616 shares of common stock as a component of the purchase consideration for FLIP, inclusive of share consideration paid to settle a portion of the purchase consideration that was recorded as a contingent liability. The Company recorded the issuances of these shares at a total fair value of $2,217,621, which includes the initial issuance of 93,808 shares of common stock at a fair value of $411,817 on September 3, 2020, and the subsequent issuance of 93,808 shares of common stock on March 3, 2021 at a fair value of $1,805,804 in settlement of contingent purchase consideration (see Note 3). ● During the nine months ended March 31, 2021, the Company issued 292,511 shares of common stock as a component of the purchase consideration for EGL. The Company recorded the issuance of these shares at fair value in the amount of $2,193,833 (see Note 3). ● During the nine months ended March 31, 2021, the Company issued 4,274,393 shares of common stock for the exercise of options and warrants with a weighted average exercise price of $5.85 per share or $24,986,582 in the aggregate. ● During the nine months ended March 31, 2021, the Company issued 1,000,000 shares of common stock in connection with the exercise of warrants that were included as a component of the purchase consideration paid for Argyll (Note 3). The warrants entitled the holder to purchase one share of common stock at $8.00 per share. The Company recorded the issuance of these shares at the settlement date fair value of $15,480,000 comprised of $8,000,000 of cash received from the exercise, and non-cash settlement of the warrant liability totaling $7,480,00. The warrant liability established on the date of acquisition of Argyll was $2,750,076 and subsequently increased to the settlement date fair value by recording a charge of $4,729,924 in the statement of operations for the nine months ended March 31, 2021. ● During the nine months ended March 31, 2021, the Company issued 528,997 shares of its common stock for services rendered with a weighted average fair value of $6.22 per share or $3,290,570 in the aggregate. The following is a summary of common stock issuances for the nine months ended March 31, 2020: ● On January 17, 2020 the Company entered into Exchange Agreements with eighteen of its investors whereby the investors agreed to exchange warrants to purchase an aggregate of 288,722 shares of common stock for 288,722 shares of the Company’s common stock (the “Warrant Exchange”). The Company recorded $1,894,418 as a gain on Warrant Exchange which represents the difference in the fair value of the exchanged warrants in the amount of $3,583,442 and the fair value of the common stock issued in the amount of $1,689,024. The Exchange Agreements were entered into in order to extinguish the derivative liability associated with the warrants. ● On October 8, 2019, the Company issued 41,779 shares of its common stock upon the exercise of 79,444 warrants in a cashless exercise. ● On October 9, 2019, the Company issued 11,248 shares of its common stock upon the exercise of 21,389 warrants in a cashless exercise. ● During the nine months ended March 31, 2020, the Company issued 53,028 shares of its common stock in a cashless exercise of warrants. ● During the nine months ended March 31, 2020, the Company issued 44,445 shares of common stock for the exercise of warrants with a weighted average exercise price of $2.25 per share or $100,000 in the aggregate. ● During the nine months ended March 31, 2020, the Company issued 8,889 shares of its common stock for services rendered with a weighted average fair value of $6.52 per share or $58,000 in the aggregate. ● During the nine months ended March 31, 2020, the Company issued 16,667 shares of common stock related to a consulting agreement dated June 4, 2019. The Company recorded these shares at fair value in the amount of $200,000. ● During the nine months ended March 31, 2020, the Company issued 5,435 shares of its common stock upon entering waiver agreements. In consideration for the investors entrance into the waiver agreements, the Company issued to each investor an additional warrant to purchase such number of shares of the Company’s Common Stock equal to 5% of the warrant shares initially issuable to such investor under the warrant issued to such investor in the November 13, 2018 offering, as amended. The additional warrant has an exercise price of $11.25 per share. Common Stock Warrants On April 16, 2020, the Company closed an offering, (“April 2020 Offering”), in which it sold 1,980,000 units consisting of one share of common stock and one Unit A Warrant and one Unit B Warrant, for a total of 3,960,000 warrants, with each warrant entitling the holder to purchase one share of common stock price at $4.25 per share. The Company issued an additional 209,400 Unit A Warrants and 209,400 additional Unit B Warrants to the underwriter pursuant to an over-allotment option (“Over-allotment”) each entitling the holder to purchase one share of common stock at $0.01 per share. The Company raised net proceeds of $6,771,440 from the April 2020 Offering and additional proceeds of $823,759 from the Over-allotment. There were 1,242,056 and 38,561 Unit A Warrants and Unit B outstanding, respectively, at March 31, 2021. In connection with the April 2020 offering the Company also issued 1,217,241 shares of common stock and 2,434,482 warrants (“Conversion Warrants”) to purchase one share of common stock at $4.25 per share upon the conversion of $4,138,585 of the Company’s convertible debt and accrued interest. There were 40,582 Unit A Conversion Warrants outstanding at March 31, 2021. The Unit B Conversion Warrants have been fully exercised for shares of common stock. The Company had also issued warrants to certain placement agents engaged in convertible debt offerings and private placements (“Placement Warrants”). The Company has issued a total of 69,667 Placement Warrants to purchase shares of one share of common stock $11.25 per share that remained outstanding at March 31, 2021. A summary of the warrant activity follows: Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Life (Years) Intrinsic Value Outstanding and Exercisable, June 30, 2020 5,276,592 $ 4.28 Warrants issued from Over-allotment 418,800 4.25 Warrants issued for acquisition of Argyll 1,000,000 8.00 Exercised (5,271,060 ) 4.88 Expired or cancelled (8,341 ) 4,25 Outstanding and Exercisable, March 31, 2021 1,415,991 $ 4.64 0.22 $ 14,678,888 Common Stock Options On August 1, 2017, the Company adopted the 2017 Stock Incentive Plan (the “2017 Plan”) whereby incentive stock options issued to employees, officers, and directors of the Company shall not exceed 166,667 of which the purchase price of the stock options shall not be less than 100% of the fair value of the Company’s common stock and the period for exercising the stock options not to exceed 10 years from the date of grant. The option price per share with respect to each option shall be determined by the committee for non-qualified stock options. On September 10, 2020, the Company’s board of directors adopted the 2020 Equity and Incentive Plan (the “2020 Plan”) which allows for 1,500,000 shares that may be awarded under the 2020 Plan. As of March 31, 2021, there were 604,654 shares stock options available for issuance. A summary of the Company’s stock option activity is as follows: Number of Options Weighted Average Exercise Price Outstanding, June 30, 2020 51,942 $ 10.50 Granted 436,400 $ 4.96 Exercised (3,333 ) $ 10.50 Cancelled (3,333 ) $ 10,50 Outstanding, March 31, 2021 481,676 $ 5.48 As of March 31, 2021, the weighted average remaining life of the options outstanding was 4.68 years. As of March 31, 2021, there were 147,376 stock options that were available for exercise. Stock Based Compensation During the three months ended March 31, 2021 and 2020, the Company recorded stock-based compensation expense of $743,527 and $118,475, respectively, for the amortization of stock options and the issuance of common stock to employees and contractors for services. During the nine months ended March 31, 2021 and 2020, the Company recorded stock-based compensation expense of $3,055,118 and $448,434, respectively, for the amortization of stock options and the issuance of common stock to employees and contractors for services which has been recorded as general and administrative expense in the unaudited condensed consolidated statements of operations. The Company had previously recognized stock-based compensation expense of $927,855 during its year ended June 30, 2020 related to the issuance of 117,450 shares of common stock for services rendered, comprised of 1,333 shares granted to management, 16,966 shares granted to employees, and 99,151 shares granted to consultants. At June 30, 2020, the Company had recorded the fair value of these shares issued as liabilities to be settled in stock. During the first quarter of the Company’s fiscal year ended June 30, 2021, the Company settled the balance of the liabilities to be settled in stock through the issuance of common stock in a non-cash transaction. As of March 31, 2021, unamortized stock compensation for stock options was $889,440 with a weighted-average recognition period of 0.81 years. The options granted during the nine months ended March 31, 2021 were valued using the Black-Scholes option pricing model using the following weighted average assumptions: Nine Months Ended March 31, 2021 Expected term, in years 2.76 Expected volatility 132.6 % Risk-free interest rate 0.32 % Dividend yield - Grant date fair value $ 3.41

Subsequent Events

Subsequent Events	9 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 16– Subsequent Events On May 6, 2021, the Company announced it had signed binding letter of intent (LOI) to acquire the esports content and media business of Holodeck for $2 million in cash and the issuance of 200,000 shares of common stock. The terms of the LOI also provide for the payment of an additional 50,000 shares should the operations of Holodeck achieve certain revenue targets during a two year period following date of acquisition. Subsequent to March 31, 2021 and through May 14, 2021, the Company issued 120,521 shares pursuant to warrant exercises and received cash of approximately 0.5 million. Subsequent to March 31, 2021 and through May 14, 2021, the Company issued 70,698 shares for services.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of presentation and principles of consolidation The accompanying unaudited condensed consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete consolidated financial statements. The unaudited condensed consolidated financial statements reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to fairly state the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited condensed consolidated financial statements should be read along with the Annual Report filed on Form 10-K of the Company for the annual period ended June 30, 2020. The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All material intercompany transactions and balances have been eliminated in consolidation.
Reportable Segment	Reportable Segment The Company determined it has one reportable segment. This determination considers the organizational structure of the Company and the nature of financial information available and reviewed by the chief operating decision maker to assess performance and make decisions about resource allocations.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications had no effect on the reported results of operations or total assets, liabilities and stockholders’ equity. The Company reclassified sales and marketing expenses on its unaudited condensed consolidated statements of operations and comprehensive loss from general and administrative expenses. The amounts previously reported in other income, impairment of intangible assets, gain on settlement of debt and foreign exchange loss were also reclassified to other non-operating income (loss) on the unaudited condensed consolidated statements of operations and comprehensive loss. The amounts reported as taxes payable, due to officers and equity to be issued in the prior period were classified to accounts payable and accrued expenses for the current period presentation on the unaudited condensed consolidated balance sheets.
Use of Estimates	Use of estimates The preparation of unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, as of the date of the unaudited condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the valuation and accounting for equity awards related to warrants and stock-based compensation, determination of fair value for derivative instruments, the accounting for business combinations, including estimating contingent consideration and allocating purchase price, estimating the useful life of fixed assets and intangible assets, as well as the estimates related to accruals and contingencies.
Liquidity	Liquidity The Company has historically incurred losses and negative cash flows as it prepared to grow its esports business through acquisitions and new venture opportunities. As of March 31, 2021, the Company had approximately $16.9 million of available cash on-hand. On May 14, 2021, one business day preceding this filing, the Company had approximately $14.6 million of available cash on-hand. Considering the currently available cash balance of the Company, as well as the Company’s expectations regarding its ability to secure financing for planned acquisitions, the Company believes it will have sufficient cash on-hand to fund its operating expenses and capital expenditure requirements for at least 12 months following May 17, 2021. While the Company expects revenues and cash flows to increase related to current and planned acquisitions, the Company expects to incur an annual operating loss and annual negative operating cash flows during the growth phase of the business. In December 2019, a novel strain of coronavirus (“COVID-19”) emerged in Wuhan, Hubei Province, China. While initially the outbreak was largely concentrated in China and caused significant disruptions to its economy, it has now spread to several other countries and infections have been reported globally. Due to the outbreak of COVID-19, almost all major sports events and leagues were postponed or put-on hold, for the period from April 2020 through June 2020. The cancelation of major sports events had a significant short-term negative effect on betting activity globally. As a result, iGaming and event operators faced major short-term losses in betting volumes. Online casino operations have generally continued as normal without any noticeable disruption due to the COVID-19 outbreak. The virus’s expected effect on online casino activity globally is expected to be overall positive or neutral. Travel restrictions and border closures have not materially impacted the Company’s ability to manage and operate the day-to-day functions of the business. Management has been able to operate in a virtual setting. However, if such restrictions become more severe, they could negatively impact those activities in a way that would harm the business over the long term. Travel restrictions impacting people can restrain the ability to operate, but at present we do not expect these restrictions on personal travel to be material to the Company’s operations or financial results. The ultimate impact of the COVID-19 pandemic on the Company’s operations is unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak, new information which may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments, or the Company, may direct, which may result in an extended period of continued business disruption and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time but may have a material adverse impact on our business, financial condition and results of operations.
Cash	Cash Cash includes cash on hand. Cash equivalents consist of highly liquid debt instruments purchased with an original maturity of three months or less. As of March 31, 2021 and June 30, 2020 the Company did not have any financial instruments classified as cash equivalents. At times, cash deposits inclusive of restricted cash may exceed Federal Deposit Insurance Corporation (“FDIC”) insured limits. The Company’s cash is held with financial institutions, and the account balances may exceed the Federal Deposit Insurance Corporation (FDIC) insurance limit at times. Accounts are insured by the FDIC up to $250,000 per financial institution. There have been no losses recognized on cash balances held at these financial institutions.
Restricted Cash	Restricted Cash Restricted cash includes cash reserves maintained for compliance with gaming regulations that require adequate liquidity to satisfy cash amounts available to users. At March 31, 2021, restricted cash includes amounts due to users of $1.5 million as required by the Malta Gaming Authority and $1.9 million representing 90% of liabilities to customers in other jurisdictions.
Accounts Receivable	Accounts Receivable Accounts receivable is comprised of the amounts billed to customers principally for esport event and team management services. Accounts receivable is recorded net of an allowance for credit losses. The Company performs ongoing credit evaluations for its customers and determines the amount of the allowance for credit losses upon considering such factors as historical losses, known disputes or collectability issues, the age of a receivable balance as well as current economic conditions. Bad debt expense is recorded to maintain the allowance for credit losses at an appropriate level and changes in the allowance for credit losses are included in general and administrative expense in the unaudited condensed consolidated statements of operations and comprehensive loss. At March 31, 2021, the allowance for credit losses was not significant to the unaudited condensed consolidated financial statements of the Company.
Receivables Reserved for Users	Receivables Reserved for Users User deposit receivables are stated at the amount the Company expects to collect from a payment processor. These arise due to the timing differences between a user’s deposit and the receipt of the payment into the Company’s bank accounts.
Equipment	Equipment Equipment is stated at cost less accumulated depreciation. The Company capitalizes the direct cost of equipment as well as expenditures related to improvements and betterments that add to the productive capacity or useful life of the equipment. Depreciation is computed utilizing the straight-line method over the estimated useful life of the asset. The estimated useful life of equipment by asset class follows: Furniture and equipment 5 years Computer equipment 3 years The estimated useful life and residual value of equipment are reviewed and adjusted, if appropriate, at the end of each reporting period. T he costs and accumulated depreciation of assets that are sold, retired, or otherwise disposed of are removed from the accounts and the resulting gain or loss is recognized as a gain or loss on sale or disposition of assets in the unaudited condensed consolidated statement of operations.
Business Combinations	Business Combinations The Company accounts for business combinations using the acquisition method of accounting. The Company records the assets acquired, liabilities assumed and acquisition-related contingent consideration at fair value on the date of acquisition. The difference between the purchase price, including any contingent consideration, and the fair value of net assets acquired is recorded as goodwill. The Company may adjust the preliminary purchase price and purchase price allocation, as necessary, during the measurement period of up to one year after the acquisition closing date as it obtains more information as to facts and circumstances that impact the determination of fair value at the acquisition date. Any change in fair value of acquisition-related contingent consideration resulting from events after the acquisition date is recognized in earnings. Acquisition-related costs are recognized separately from the acquisition and are expensed as incurred.
Goodwill	Goodwill Goodwill represents the excess of fair value of consideration paid for an acquired entity over the fair value of the assets acquired and liabilities assumed in a business combination. Goodwill is not amortized, but subject to impairment tests each fiscal year, or more often when events or circumstances indicate that the carrying amount of goodwill may not be recoverable. The Company’s impairment test utilizes the two-step approach. The first step of the goodwill impairment test compares the fair value of a reporting unit with its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered impaired and thus the second step of the impairment test is unnecessary. If the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment test is performed to measure the amount of the impairment loss, if any. The second step of the goodwill impairment test compares the implied fair value of reporting unit goodwill with the carrying amount of that goodwill. If the carrying amount of reporting unit goodwill exceeds the implied fair value of that goodwill, an impairment loss shall be recognized in an amount equal to that excess. The recoverability of goodwill is performed at the entity level as the Company operates as one reportable segment and one reporting unit. In order to approximate the fair value of the reporting unit for purposes of testing recoverability, we use the total market capitalization of the Company, a market approach, which is then compared to the total book value of the Company. In the event the Company’s fair value has decreased below book value, the Company will compare the estimated fair value of goodwill to its book value. If the book value of goodwill exceeds the estimated fair value of goodwill, the Company will recognize the difference as an impairment loss in operating income. There has been no impairment of goodwill during each of the three and nine month periods presented in the unaudited condensed consolidated statements of operations and comprehensive loss.
Intangible Assets	Intangible assets Intangible assets with determinable lives consist of player relationships, developed software, tradename and gaming licenses. Intangible assets with determinable lives are amortized on a straight-line basis over their estimated useful lives of 5 years for player relationships and developed software, 10 years for tradename and 2 years for gaming licenses. The Company also capitalizes internal-use software costs such as external consulting fees, payroll and payroll-related costs and stock-based compensation for employees in the Company’s development and information technology groups who are directly associated with, and who devote time to, the Company’s internal-use software projects. Capitalization begins when the planning stage is complete and the Company commits resources to the software project and continues during the application development stage. Capitalization ceases when the software has been tested and is ready for its intended use. Costs incurred during the planning, training and post-implementation stages of the software development life-cycle are expensed as incurred.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Equipment and other long-lived assets, including finite lived intangibles, are evaluated for impairment periodically or when events and circumstances indicate that the carrying amount of an asset may not be recoverable. If an evaluation is required, an estimate of future undiscounted cash flows are determined through estimated disposition date of the asset. To the extent that estimated future undiscounted net cash flows attributable to the asset are less than the carrying amount, an impairment loss is recognized equal to the difference between the carrying value of such asset and its fair value, considering external market participant assumptions. An estimation of future cash flows requires significant judgment as the Company makes assumptions about future revenues and market conditions. Since the determination of future cash flows is an estimate of future performance, there may be impairments recognized in future periods in the event future cash flows do not meet expectations. The Company recorded an impairment of intangible assets of $67,132 during the nine months ended March 31, 2020. There was no impairment of long-lived assets identified for the three and nine months ended March 31, 2021.
Liabilities to Customers	Liabilities to Customers The Company records liabilities to customers, also referred to as player liabilities, for the amounts that may be withdrawn by a player at a given time. The player liabilities include player deposits, bonuses or incentive awards and user winnings less withdrawals, tax withholdings and player losses.
Jackpot Provision	Jackpot Provision The jackpot provision liability is an estimate of the amount due to players for jackpot winnings. The jackpot liability is accrued monthly based on an estimate of the jackpot amount available for winning. The jackpot increases with each bet on a jackpot eligible igaming casino machine and a portion of each losing bet is allocated towards the funding of the jackpot amount. Jackpots are programmed to be paid out randomly across certain casino brands. When a player wins a jackpot, the amount of the jackpot is reset to a defined amount that varies across eligible igaming casino machines. Participating igaming casino machines of the Company pool into the same jackpot and therefore the winning of a jackpot affects other players on the network of participating igaming casino machines. Jackpot winnings reduce revenue at the time the entity has the obligation to pay the jackpot, which occurs when the jackpot is won by the player.
Leases	Leases The Company has entered into leases for office space beginning in fiscal 2021 as a result of its acquisitions of Argyll and Lucky Dino (Note 3) resulting in the recognition of an operating lease right-of-use asset and operating lease liability on the date of acquisition. The Company measures the ROU assets and liabilities based on the present value of the future minimum lease payments over the lease term at the commencement date. Minimum lease payments include the fixed lease and non-lease components of the agreement, as well as any variable rent payments that depend on an index, initially measured using the index at the lease commencement date. The minimum payments under operating leases are recognized on a straight-line basis over the lease term in the unaudited condensed consolidated statements of operations and comprehensive loss. Operating lease expenses related to variable lease payments are recognized as operating expenses in a manner consistent with the nature of the underlying lease and as the events, activities, or circumstances in the lease agreement occur. Leases with a term of less than 12 months (“short-term leases”) are not recognized on the unaudited condensed consolidated balance sheets. The rent expense for short-term leases is recognized on a straight-line basis over the lease term and included in general and administrative expense on the unaudited condensed consolidated statements of operations and comprehensive loss. The accounting for leases requires management to exercise judgment and make estimates in determining the applicable discount rate, lease term and payments due under a lease. If a lease does not provide an implicit rate, the Company uses the incremental borrowing rate to determine the present value of future lease payments. The lease term includes the non-cancellable period of the lease plus any additional periods covered by either an option to extend (or not terminate) that the Company is reasonably certain to exercise, or an option to extend (or not to terminate) a lease controlled by the lessor. Lease payments are generally comprised of fixed payments.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the unaudited condensed consolidated financial statements or in the Company’s tax returns. Deferred tax assets and liabilities are determined on the basis of the differences between U.S. GAAP treatment and tax treatment of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Changes in deferred tax assets and liabilities are recorded in the provision for income taxes. The Company assesses the likelihood that its deferred tax assets will be recovered from future taxable income and, to the extent it believes, based upon the weight of available evidence, that it is more likely than not that all or a portion of the deferred tax assets will not be realized, a valuation allowance is established through a charge to income tax expense. Potential for recovery of deferred tax assets is evaluated by considering taxable income in carryback years, existing taxable temporary differences, prudent and feasible tax planning strategies and estimated future taxable profits. The Company accounts for uncertainty in income taxes recognized in the unaudited condensed consolidated financial statements by applying a two-step process to determine the amount of tax benefit to be recognized. First, the tax position must be evaluated to determine the likelihood that it will be sustained upon external examination by the taxing authorities. If the tax position is deemed more-likely-than-not to be sustained, the tax position is then assessed to determine the amount of benefit to recognize in the unaudited condensed consolidated financial statements. The amount of the benefit that may be recognized is the largest amount that has a greater than 50% likelihood of being realized upon ultimate settlement. The provision for income taxes includes the effects of any resulting tax reserves, or unrecognized tax benefits, that are considered appropriate, as well as the related net interest and penalties.
Derivative Instruments	Derivative Instruments The Company evaluates its convertible notes and warrants to determine if those contracts or embedded components of those contracts qualify as derivatives. The result of this accounting treatment is that the fair value of the embedded derivative is recorded at fair value each reporting period and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statements of operations as other income or expense. In circumstances where the embedded conversion option in a convertible instrument is required to be bifurcated and there are also other embedded derivative instruments in the convertible instrument that are required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is reassessed at the end of each reporting period. Equity instruments that are initially classified as equity that become subject to reclassification are reclassified to liability at the fair value of the instrument on the reclassification date. Derivative instrument liabilities are classified in the balance sheet as current or non-current to correspond with its host instrument. The Company records the fair value of the remaining embedded derivative warrants at each balance sheet date and records the change in the fair value of the remaining embedded derivative warrants as other income or expense in the unaudited condensed consolidated statements of operations and comprehensive loss.
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received for an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. Valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. The following summarizes the three levels of inputs required to measure fair value, of which the first two are considered observable and the third is considered unobservable: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Certain assets and liabilities are required to be recorded at fair value on a recurring basis. The Company adjusts contingent consideration resulting from a business combination, as well as derivative financial instruments and warrant liabilities to fair value on a recurring basis.
Earnings Per Share	Earnings Per Share Basic net income or loss per share is computed by dividing net income or loss attributable to common shareholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) for the period. In periods of losses, diluted loss per share is computed on the same basis as basic loss per share as the inclusion of any other potential shares outstanding would be anti-dilutive. The following securities were excluded from weighted average diluted common shares outstanding for the three and nine months ended March 31, 2021 and 2020 because their inclusion would have been antidilutive. As of March 31, 2021 2020 Common stock options 481,676 51,941 Common stock warrants 1,415,991 414,549 Convertible notes — 447,889 Contingently issuable shares — 2,667 Total 1,897,667 917,046
Comprehensive Loss	Comprehensive Loss Comprehensive loss consists of the net loss for the period and foreign currency translation adjustments related to the effect of foreign exchange on the value of assets and liabilities. The net translation loss for the period is included in the unaudited condensed consolidated statements of comprehensive loss.
Foreign Currency Translation	Foreign Currency Translation The functional currencies of the Company include the U.S. dollar, British Pound and Euro. The reporting currency of the Company is the U.S. Dollar. A ssets and liabilities of the Company’s foreign operations with functional currencies other than the U.S. dollar are translated at the exchange rate in effect at the balance sheet date, while revenues and expenses are translated at average rates prevailing during the periods. Translation adjustments are reported in accumulated other comprehensive loss, a separate component of stockholders’ equity. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. The Company recorded a foreign exchange transaction loss for the three and nine months ended March 31, 2021 of $165,272 and $268,285. The Company recorded foreign exchange transaction income for the three months ended March 31, 2020 of $33 and a foreign exchange transaction loss of $1,544 for the nine months ended March 31, 2020.
Stock-based Compensation	Stock-based Compensation The Company periodically issues stock-based compensation to employees, directors, contractors and consultants for services rendered. Stock-based compensation granted to employees and non-employee directors includes grants of restricted stock and employee stock options that are measured and recognized based on their fair values determined on the grant date. The award of restricted stock and stock options, which are generally time vested, are measured at the grant date fair value and charged to earnings on a straight-line basis over the vesting period. The fair value of stock options is determined utilizing the Black-Scholes option-pricing model, which is affected by several variables, including the risk-free interest rate, the expected dividend yield, the expected life of the equity award, the exercise price of the stock option as compared to the fair market value of the common stock on the grant date, and the estimated volatility of the common stock over the term of the equity award. The fair value of restricted stock is determined by the closing market price of our common stock on the date of grant. The compensation cost for service-based stock options granted to consultants is measured at the grant date, based on the fair value of the award, and is expensed on a straight-line basis over the requisite service period (the vesting period of the award).
Sales and Marketing	Sales and Marketing Sales and marketing expenses are comprised primarily of advertising costs that include online search advertising and placement, including advertising with affiliates for the online betting and casino operations, as well as other promotional expenses paid to third parties, including expenses related to sponsorship agreements.
Revenue and Cost Recognition	Revenue and Cost Recognition The revenue of the Company is currently generated from online casino and sports betting (referred to herein as “iGaming” revenue), as well from the provision of esports event and team management services. The Company recognizes revenue in accordance with Topic 606 – Revenue from Contracts with Customers Revenue generating activities of the Company are subject to value added tax (“VAT”) in most jurisdictions in which the Company operates. Revenue is presented net of VAT in the unaudited condensed consolidated statements of operations and comprehensive loss. VAT receivables and VAT payables are included in Other receivables and Accounts payable and accrued expenses, respectively on the unaudited condensed consolidated balance sheets. Sales to customers do not have significant financing components or payment terms greater than 12 months. iGaming Revenue iGaming revenue is derived from the placement of bets by end-users, also referred to as customers, through online gaming sites. The transaction price in an iGaming contract, or Net Gaming Revenue (“NGR”), is the difference between gaming wins and losses, as further reduced by any nondiscretionary incentives awarded to the customer. Gaming transactions involve four performance obligations, namely the settlement of each individual bet, the honoring of discretionary incentives available to the customer through loyalty reward programs, the award of free spin and deposit match bonuses, and the winning of a casino jackpot. The total amount wagered by a customer is commonly referred to as the win or Gross Gaming Revenue (“GGR”). The GGR is allocated to each performance obligation using the relative standalone selling price (“SSP”) determined for iGaming contracts. Revenue recognition for individual wagers is recognized when the gaming occurs, as such gaming activities are settled immediately. The revenue allocated to incentives, such as loyalty points offered through a rewards program, is deferred and recognized as revenue when the loyalty points are redeemed. Revenue allocated to free spins and deposit matches, referred to as bonuses, are recognized at the time that they are wagered. The revenue for jackpot games is recognized when the jackpot is won by the customer. The Company applies a practical expedient by accounting for its performance obligations on a portfolio basis as iGaming contracts have similar characteristics. The Company expects the application of the revenue recognition guidance to a portfolio of iGaming contracts will not materially differ from the application of the revenue recognition guidance on an individual contract basis. The Company evaluates bets that its users place on websites owned by third party brands in order to determine whether it may recognize revenue on a gross basis, when acting as the principal provider of the wagering service, or on a net basis, when acting as an intermediary or agent. The principal in a wagering service involving a third party is generally the entity that controls the wagering service such that it has a right to the services being performed by the third party and can direct the third party in delivery of the service to its users. The Company records revenue on a gross basis as it has determined it is the principal in transactions involving third parties, such as revenue sharing arrangements, as it controls the wagering service being offered to the users such that it has a right to the service performed by third parties and can further direct third parties in providing services to users. The Company further records expenses related to its revenue sharing arrangements and other third party igaming expenses within costs of revenue in the unaudited condensed consolidated statement of operations and comprehensive loss. Esport Event Management and Team Services The Company derives revenue from esports event management and team services. Esport event management services support the creation, production and delivery of an esports event by providing event staffing, gaming consoles, and other technical goods and services for a customer event that is either hosted live or online. The revenue generated from esport event management services is generally earned on a fixed fee basis per event. The esports team services offering of the Company include recruitment and management services offered to sports clubs to facilitate their entrance into esports tournament competition. Team services provided to a customer may include player recruitment, administration of player contracts, processing of tournament admission, providing logistical arrangements, as well as providing ongoing support to the team during the event. Team services are earned on a fixed fee basis per tournament. Esports event management and team services revenues are recognized over the term of the event or the relevant contractual term for services as this method best depicts the transfer of control to the customer. The Company recognizes revenue for event management services based on the number of days completed for the event relative to the total days of the event. Revenue from team management services is recognized from inception of the contract through the end of the tournament using the number of days completed relative to the total number of days in the contract term. Revenue collected in advance of the event management or team services is recorded as deferred revenue on the unaudited condensed consolidated balance sheets. The Company may also enter into profit sharing arrangements determined based on the net revenue earned by the customer for an event in addition to a fixed fee. Revenue recognition for profit sharing arrangements is recognized at the time the revenue from the event is determined, which is generally at the conclusion of the event. An event or team services contact may further require the Company to distribute payments to event or tournament attendees resulting in the recognition of a processing fee by the Company. The Company does not recognize revenue from the processing of payments until the conclusion of the event or tournament. The Company evaluates the service being provided under an esports event and team services contract to determine whether it should recognize revenue on a gross basis as the principal provider of the service, or on a net basis in a manner similar to that of an agent. The Company has determined that for esports event and team services contracts that allow for the assignment of individual tasks to a third-party contractors, the Company acts as the principal provider of the service being offered to the customer as it remains primarily responsible for fulfilling the contractual promise to the customer. In profit sharing arrangements, such as events that allow for the Company to share in the revenue earned by a customer for an event, the Company has determined it acts in the role of an agent to the customer as the event creator. The Company has also determined it acts as an agent when it collects a processing fee for performing the service of distributing prize money on behalf of its customers to event or tournament winners. Contract Liabilities Liabilities to customers include both player liabilities, consisting of a free spin bonus and a deposit match bonus, and the player reward liabilities. The free spin bonus provides the user the opportunity to a free play, or otherwise spin, on an igaming casino slot machine without withdrawing a bet amount from the player’s account. The deposit match bonus matches a player’s deposit up to a certain specified percentage or amount. These bonuses represent consideration payable to a customer and therefore are treated as a reduction of the transaction price in determining NGR. The Company also offers non-discretionary loyalty rewards points to customers that can be redeemed for free play or cash. The Company allocates revenue from wagers to loyalty points rewards earned by users, thereby deferring a portion of revenue from users that participate in a loyalty reward program. The amount of revenue deferred related to loyalty points available to users is based on the estimated fair value of the loyalty point incentive available to the user. The Company also separately records deferred revenue related to payments received in advance of performance under an event management or team services contract.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-15 , Intangibles-Goodwill and Other- Internal-Use Software (Subtopic 350-40
Recently Issued Accounting Standards	Recently Issued Accounting Standards In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other: Simplifying the Test for Goodwill Impairment (ASC 350). The Company is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes In June 2020, the FASB issued ASU No. 2020-06, Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40). From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that the Company adopts as of the specified effective date. The Company does not believe that the impact of recently issued standards that are not yet effective will have a material impact on the Company’s financial position or results of operations upon adoption.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Schedule of Estimated Useful Life of Asset	The estimated useful life of equipment by asset class follows: Furniture and equipment 5 years Computer equipment 3 years
Schedule of Weighted Average Diluted Common Shares Outstanding	The following securities were excluded from weighted average diluted common shares outstanding for the three and nine months ended March 31, 2021 and 2020 because their inclusion would have been antidilutive. As of March 31, 2021 2020 Common stock options 481,676 51,941 Common stock warrants 1,415,991 414,549 Convertible notes — 447,889 Contingently issuable shares — 2,667 Total 1,897,667 917,046

Business Acquisitions (Tables)

Business Acquisitions (Tables)	9 Months Ended
	Mar. 31, 2021
Esports Gaming League [Member]
Schedule of Preliminary Purchase Price Allocation of Acquisition	A summary of the preliminary purchase consideration pending the final determination of the fair value of the Holdback Consideration follows: Cash paid at closing $ 481,386 Share consideration issued at closing 2,193,833 Holdback Consideration 300,000 Total purchase price consideration $ 2,975,219 The preliminary purchase price and purchase price allocation pending a final valuation of assets acquired and liabilities assumed follows: Cash $ 4,036 Accounts receivable 141,030 Other receivables 32,923 Equipment 11,274 Intangible assets 1,371,789 Goodwill 1,951,233 Other non-current assets 5,382 Accounts payable and accrued expenses (118,157 ) Deferred revenue (95,062 ) Deferred income tax liability (260,640 ) Notes payable (68,589 ) Total purchase consideration $ 2,975,219
Schedule of Fair Value of Acquired Intangible Assets	The acquired intangible assets, useful lives and a preliminary estimate of fair value at the acquisition date follows: Useful Life (years) Fair Value Tradename 10 $ 411,537 Developed technology 5 823,073 Customer relationships 5 137,179 Total $ 1,371,789
Lucky Dino Gaming Limited [Member]
Schedule of Preliminary Purchase Price Allocation of Acquisition	The preliminary purchase price and purchase price allocation pending a final valuation of assets acquired and liabilities assumed follows: Restricted cash $ 1,203,185 Other receivables 131,111 Equipment 13,765 Intangible assets 19,037,840 Operating lease right-of-use asset 371,898 Goodwill 10,641,217 Accounts payable and accrued expenses (319,149 ) Liabilities to customers (574,244 ) Operating lease liability (371,898 ) Total purchase price consideration $ 30,133,725
Schedule of Fair Value of Acquired Intangible Assets	The acquired intangible assets, useful lives and a preliminary estimate of fair value at the acquisition date follows: Useful Life (years) Fair Value Tradename 10 $ 2,100,000 Gaming licenses 2 700,000 Developed technology 5 5,500,000 Player relationships 5 10,700,000 Total $ 19,000,000
Argyll Entertainment [Member]
Schedule of Preliminary Purchase Price Allocation of Acquisition	A summary of the preliminary purchase consideration follows pending a final determination of fair value for warrants issued on the date of acquisition: Cash paid $ 1,250,000 Share consideration issued at closing 3,802,500 Estimated fair value of warrants issued at closing 2,750,076 Total purchase price consideration $ 7,802,576 The preliminary purchase price and purchase price allocation pending a final valuation of assets acquired and liabilities assumed follows: Cash $ 21,074 Receivables reserved for users 27,777 Other receivables 605,898 Prepaid expenses and other current assets 413,441 Equipment 70,712 Operating lease right-of-use asset 373,016 Intangible assets 7,333,536 Goodwill 4,260,418 Other non-current assets 1,130,034 Accounts payable and accrued expenses (2,735,109 ) Liabilities to customers (1,737,106 ) Deferred income tax liability (1,393,372 ) Operating lease liability (240,353 ) Notes payable (327,390 ) Total purchase consideration $ 7,802,576
Schedule of Fair Value of Acquired Intangible Assets	The acquired intangible assets, useful lives and a preliminary estimate of fair value at the acquisition date follows: Useful Life (years) Fair Value Tradename 10 $ 1,440,516 Gaming licenses 2 916,692 Developed technology 5 2,226,252 Player relationships 5 2,750,076 Total $ 7,333,536
Flip Sports Limited [Member]
Schedule of Preliminary Purchase Price Allocation of Acquisition	A summary of the purchase consideration follows: Cash $ 100,000 Share consideration issued at closing 411,817 Contingent share consideration 500,000 Total purchase price consideration $ 1,011,817 The preliminary allocation of purchase consideration to the assets acquired follows: Developed software $ 550,000 Goodwill 461,817 Total purchase price consideration $ 1,011,817
Summary of Changes in Fair Value of Contingent Considerstion	The following table summarizes the change in fair value of the FLIP contingent share consideration that was settled by the Company through the issuance of common stock: Fair value of contingent share consideration at September 3, 2020 $ 500,000 Change in fair value contingent consideration 1,305,804 Stock issued settlement of contingent share consideration (March 3, 2021) (1,805,804 ) Fair value of contingent share consideration at March 31, 2021 $ —
Schedule of Unaudited Pro Forma Operating Results	The actual results of operations may differ materially from the pro forma amounts included in the table below. Pro Forma (Unaudited) for the nine months ended March 31, 2021 2020 Net revenue $ 23,239,740 $ 25,844,063 Net loss $ (20,690,992 ) $ (12,576,014 ) Net loss per common share, basic and diluted $ (1.03 ) $ (1.41 )

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Mar. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	The components of prepaid expenses and other current assets follow: March 31, 2021 June 30, 2020 Prepaid marketing costs $ 519,480 $ — Prepaid insurance 9,973 159,941 Prepaid equity — 100,000 Other prepaid operating costs 244,782 3,404 Prepaid expenses and other current assets $ 774,235 $ 263,345

Equipment (Tables)

Equipment (Tables)	9 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of Equipment	The components of equipment follow: March 31, 2021 June 30, 2020 Computer equipment $ 75,859 $ 14,450 Furniture and equipment 93,780 20,241 169,639 34,691 Accumulated depreciation (88,735 ) (26,650 ) Equipment, net $ 80,904 $ 8,041

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	A summary of the changes in the balance of goodwill follows: Nine months ended March 31, 2021 Balance of goodwill, beginning of year $ — Acquisitions 17,314,685 Foreign currency translation (322,486 ) Balance of goodwill, end of period $ 16,992,199
Schedule of Intangible Assets	A summary of the changes in the balance of intangible assets for the nine months ended March 31, 2021 follows: June 30, 2020 Additions Amortization Currency Translation March 31, 2021 Tradename $ — $ 3,952,053 $ (128,833 ) $ 77,668 $ 3,900,888 Gaming licenses — 1,616,692 (350,842 ) 49,425 1,315,275 Player interface — 2,226,252 (312,838 ) 120,033 2,033,447 Developed technology and software — 6,873,073 (205,213 ) — 6,667,860 Customer and player relationships — 13,587,255 (569,449 ) 148,275 13,166,081 Internal-use software 2,000 732,560 (8,082 ) — 726,478 Total $ 2,000 $ 28,987,885 $ (1,575,257 ) $ 395,401 $ 27,810,029

Other Receivables (Tables)

Other Receivables (Tables)	9 Months Ended
	Mar. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Receivables	The components of other receivables follows: March 31, 2021 June 30, 2020 Marketing receivables from revenue partners $ 482,882 $ — Receivable from revenue sharing arrangement 295,230 — Other 142,003 — Other receivables $ 920,115 $ —

Other Non-Current Assets (Table

Other Non-Current Assets (Tables)	9 Months Ended
	Mar. 31, 2021
Other Assets, Noncurrent Disclosure [Abstract]
Schedule of Other Non-Current Assets	The components of other non-current assets follows: March 31, 2021 June 30, 2020 Deposit for gaming duties $ 755,501 $ — iGaming deposits with service providers 438,128 — Rent deposit 91,257 6,833 Other 5,467 — Other non-current assets $ 1,290,353 $ 6,833

Leases (Tables)

Leases (Tables)	9 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Schedule of Weighted Average Remaining Lease Terms and Discount Rates	The following includes additional operating lease disclosure information for the operating lease: For the three months ended ROU assets obtained in exchange for lease liabilities $ 626,935 Weighted average remaining useful life (years) 4.36 Weighted average discount rate 5 %
Schedule of Maturity of Operating Lease Liability	The future minimum lease payments under the operating lease at March 31, 2021 follows: Fiscal 2021 $ 92,446 Fiscal 2022 185,051 Fiscal 2023 68,811 Fiscal 2024 71,493 Fiscal 2025 74,282 Thereafter 136,750 Total lease payments 628,833 Less: imputed interest 65,903 Present value of lease liabilities $ 562,930
Schedule of Assets and Liabilities Related to Operating Leases	The unaudited condensed consolidated balance sheet location of assets and liabilities related to operating leases follow: Operating lease liability – current (current liability) $ 240,725 Operating lease liability (non-current liability) $ 322,205

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated by Revenue	A disaggregation of revenue for the three and nine months ended March 31, 2021 follows: For the three months ended March 31, 2021 For the nine months ended March 31, 2021 Online betting and casino revenues $ 5,225,053 $ 7,650,840 Other services 173,655 332,453 Total $ 5,398,708 $ 7,983,293
Schedule of Revenues from Contracts with Customers Disaggregated by Geographical Area	The following table presents disaggregated revenue by geographical area for the three and nine months ended March 31, 2021: For the three months ended March 31, 2021 For the nine months ended March 31, 2021 United States $ 124,059 $ 280,974 International 5,274,649 7,702,319 Total $ 5,398,708 $ 7,983,293

Equity (Tables)

Equity (Tables)	9 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Schedule of Warrant Activities	A summary of the warrant activity follows: Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Life (Years) Intrinsic Value Outstanding and Exercisable, June 30, 2020 5,276,592 $ 4.28 Warrants issued from Over-allotment 418,800 4.25 Warrants issued for acquisition of Argyll 1,000,000 8.00 Exercised (5,271,060 ) 4.88 Expired or cancelled (8,341 ) 4,25 Outstanding and Exercisable, March 31, 2021 1,415,991 $ 4.64 0.22 $ 14,678,888
Schedule of Stock Option Activity	A summary of the Company’s stock option activity is as follows: Number of Options Weighted Average Exercise Price Outstanding, June 30, 2020 51,942 $ 10.50 Granted 436,400 $ 4.96 Exercised (3,333 ) $ 10.50 Cancelled (3,333 ) $ 10,50 Outstanding, March 31, 2021 481,676 $ 5.48
Schedule of Weighted Average Assumptions Valued Using Black-Scholes Option Pricing Model	The options granted during the nine months ended March 31, 2021 were valued using the Black-Scholes option pricing model using the following weighted average assumptions: Nine Months Ended March 31, 2021 Expected term, in years 2.76 Expected volatility 132.6 % Risk-free interest rate 0.32 % Dividend yield - Grant date fair value $ 3.41

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative)	3 Months Ended		9 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2021USD ($)Segment	Mar. 31, 2020USD ($)	May 14, 2021USD ($)	Jun. 30, 2020USD ($)
Number of reportable segment | Segment			1
Cash on hand	$ 16,900,000		$ 16,900,000
Deposit funds exceeded FDIC insured limits amount	250,000		$ 250,000
Restricted cash description			Includes amounts due to users of $1.5 million as required by the Malta Gaming Authority and $1.9 million representing 90% of liabilities to customers in other jurisdictions.
Restricted cash	3,428,366		$ 3,428,366
Impairment of intangible assets				67,132
Income tax description			greater than 50% likelihood
Foreign exchange transaction	165,272	$ 33	$ 268,285	$ 1,544
Player Relationships [Member]
Intangible assets estimated life			5 years
Developed Software [Member]
Intangible assets estimated life			5 years
Tradename [Member]
Intangible assets estimated life			10 years
Gaming Licenses [Member]
Intangible assets estimated life			2 years
Customers in Other Jurisdictions [Member]
Restricted cash	1,900,000		$ 1,900,000
Malta Gaming Authority [Member]
Restricted cash	$ 1,500,000		$ 1,500,000
Subsequent Event [Member]
Cash on hand					$ 14,600,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Estimated Useful Life of Asset (Details)	9 Months Ended
	Mar. 31, 2021
Furniture and Equipment [Member]
Estimated useful life	5 years
Computer Equipment [Member]
Estimated useful life	3 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Weighted Average Diluted Common Shares Outstanding (Details) - shares	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Weighted average diluted common shares outstanding for antidilutive	1,897,667	917,046
Common Stock Options [Member]
Weighted average diluted common shares outstanding for antidilutive	481,676	51,941
Common Stock Warrants [Member]
Weighted average diluted common shares outstanding for antidilutive	1,415,991	414,549
Convertible Notes [Member]
Weighted average diluted common shares outstanding for antidilutive		447,889
Contingently Issuable Shares [Member]
Weighted average diluted common shares outstanding for antidilutive		2,667

Business Acquisitions (Details

Business Acquisitions (Details Narrative)	Mar. 03, 2021USD ($)shares	Mar. 02, 2021USD ($)	Mar. 02, 2021EUR (€)	Jan. 21, 2021USD ($)shares	Jan. 21, 2021GBP (£)shares	Sep. 03, 2020USD ($)shares	Jul. 31, 2020USD ($)$ / sharesshares	Mar. 31, 2021USD ($)	Sep. 30, 2020USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Mar. 02, 2021EUR (€)
Payment to acquire business net											$ 28,930,540
Shares issued during period acquisitions, value									$ 3,802,500
Acquisition of EGL [Member]
Preliminary purchase consideration				$ 2,975,219
Payment to acquire business gross				481,386
Payment to acquire business net				477,350
Cash acquired				$ 4,036
Shares issued during period acquisitions | shares				292,511	292,511
Shares issued during period acquisitions, value				$ 2,193,833
Consideration for equity issuable				2,193,833
Acquisition of EGL [Member] | General and Administrative Expense [Member]
Translation expenses								$ 10,531			10,531
Holdback Consideration [Member]
Preliminary estimate of contingent consideration				300,000
Consideration for equity issuable				300,000
Earnout consideration				2,750,000
Holdback Consideration [Member] | GBP [Member]
Earnout consideration | £					£ 2,000,000
Holdback Consideration [Member] | Maximum [Member]
Consideration payable				725,000
Consideration for equity issuable				$ 2,200,000
Holdback Consideration [Member] | Maximum [Member] | GBP [Member]
Consideration payable | £					530,000
Consideration for equity issuable | £					£ 1,590,000
Lucky Dino [Member]
Payment to acquire business gross		$ 28,930,540
Cash acquired		1,203,185
Translation expenses								1,216,332			1,216,332
Acquisition of the operating assets and specified liabilities		$ 30,133,725
Lucky Dino [Member] | Euro [Member]
Payment to acquire business gross | €			€ 24,001,795
Cash acquired | €			€ 998,205
Acquisition of the operating assets and specified liabilities | €													€ 25,000,000
LHE Enterprises Limited [Member] | Argyll Purchase Agreement [Member]
Preliminary purchase consideration							$ 7,802,576	$ 2,738,095
Payment to acquire business gross							750,000
Payment to acquire business net							728,926
Cash acquired							$ 21,074
Shares issued during period acquisitions | shares							650,000
Shares issued during period acquisitions, value							$ 3,802,500
Payment for previous acquisition							$ 500,000
Warrant exercise price | $ / shares							$ 8
Warrant description							The purchase consideration also includes the issuance of 650,000 shares of common stock with a fair value of $3,802,500 and the issuance of warrants to purchase up to 1,000,000 shares of common stock of the Company at an exercise price of $8.00 per share during a term of three years.
LHE Enterprises Limited [Member] | Argyll Purchase Agreement [Member] | Cash [Member]
Preliminary purchase consideration							$ 1,250,000
LHE Enterprises Limited [Member] | General and Administrative Expense [Member] | Argyll Purchase Agreement [Member]
Translation expenses											$ 77,113
LHE Enterprises Limited [Member] | Maximum [Member] | Argyll Purchase Agreement [Member]
Warrant to purchase common stock | shares							1,000,000
Flip Sports Limited [Member]
Preliminary purchase consideration						$ 1,011,817
Payment to acquire business gross						$ 100,000
Shares issued during period acquisitions | shares	93,808					93,808
Shares issued during period acquisitions, value	$ 1,805,804					$ 411,817
Consideration for equity issuable						411,817				$ 1,805,804
Change in fair value of business combination	$ 1,305,804									$ 1,305,804
Flip Sports Limited [Member] | Software Development [Member]
Estimated useful life											5 years
Business combination measurement period adjustment											$ 88,183
Flip Sports Limited [Member] | Employees [Member]
Shares issued during period acquisitions, value						$ 500,000

Business Acquisitions - Schedul

Business Acquisitions - Schedule of Preliminary Purchase Price Allocation of Acquisition (Details) - USD ($)	Mar. 02, 2021	Jan. 21, 2021	Sep. 03, 2020	Jul. 31, 2020	Mar. 31, 2021	Jun. 30, 2020
Goodwill					$ 16,992,199
Acquisition of EGL [Member]
Cash		$ 481,386
Share consideration issued at closing		2,193,833
Total purchase price consideration		2,975,219
Cash		4,036
Accounts receivable		141,030
Other receivables		32,923
Equipment		11,274
Intangible assets		1,371,789
Goodwill		1,951,233
Other non-current assets		5,382
Accounts payable and accrued expenses		(118,157)
Deferred revenue		(95,062)
Deferred income tax liability		(260,640)
Notes payable		(68,589)
Total purchase consideration		2,975,219
Holdback Consideration [Member]
Share consideration issued at closing		$ 300,000
Lucky Dino [Member]
Cash	$ 28,930,540
Restricted cash	1,203,185
Other receivables	131,111
Equipment	13,765
Intangible assets	19,037,840
Operating lease right-of-use asset	371,898
Goodwill	10,641,217
Accounts payable and accrued expenses	(319,149)
Liabilities to customers	(574,244)
Operating lease liability	(371,898)
Total purchase consideration	$ 30,133,725
Acquisition of Argyll [Member]
Cash				$ 1,250,000
Share consideration issued at closing				3,802,500
Total purchase price consideration				7,802,576
Cash				21,074
Accounts receivable				27,777
Other receivables				605,898
Prepaid expenses and other current assets				413,441
Equipment				70,712
Intangible assets				7,333,536
Operating lease right-of-use asset				373,016
Goodwill				4,260,418
Other non-current assets				1,130,034
Accounts payable and accrued expenses				(2,735,109)
Deferred income tax liability				(1,393,372)
Notes payable				(327,390)
Liabilities to customers				(1,737,106)
Operating lease liability				(240,353)
Total purchase consideration				7,802,576
Acquisition of Argyll [Member] | Warrant [Member]
Share consideration issued at closing				$ 2,750,076
Flip Sports Limited [Member]
Cash			$ 100,000
Share consideration issued at closing			411,817		$ 1,805,804
Total purchase price consideration			1,011,817
Developed software			550,000
Goodwill			461,817
Total purchase consideration			1,011,817
Flip Sports Limited [Member] | Contingent Share Consideration [Member]
Share consideration issued at closing			$ 500,000

Business Acquisitions - Sched_2

Business Acquisitions - Schedule of Fair Value of Acquired Intangible Assets (Details) - USD ($)	Mar. 02, 2021	Jan. 21, 2021	Jul. 31, 2020
Acquisition of EGL [Member]
Fair value Intangible assets		$ 1,371,789
Acquisition of EGL [Member] | Trade Name [Member]
Acquired intangible assets, useful lives (years)		10 years
Fair value Intangible assets		$ 411,537
Acquisition of EGL [Member] | Developed Technology [Member]
Acquired intangible assets, useful lives (years)		5 years
Fair value Intangible assets		$ 823,073
Acquisition of EGL [Member] | Customer Relationships [Member]
Acquired intangible assets, useful lives (years)		5 years
Fair value Intangible assets		$ 137,179
Lucky Dino [Member]
Fair value Intangible assets	$ 19,037,840
Lucky Dino [Member] | Trade Name [Member]
Acquired intangible assets, useful lives (years)	10 years
Fair value Intangible assets	$ 2,100,000
Lucky Dino [Member] | Developed Technology [Member]
Acquired intangible assets, useful lives (years)	5 years
Fair value Intangible assets	$ 5,500,000
Lucky Dino [Member] | Gaming License [Member]
Acquired intangible assets, useful lives (years)	2 years
Fair value Intangible assets	$ 700,000
Lucky Dino [Member] | Player Relationships [Member]
Acquired intangible assets, useful lives (years)	5 years
Fair value Intangible assets	$ 10,700,000
Acquisition of Argyll [Member]
Fair value Intangible assets			$ 7,333,536
Acquisition of Argyll [Member] | Trade Name [Member]
Acquired intangible assets, useful lives (years)			10 years
Fair value Intangible assets			$ 1,440,516
Acquisition of Argyll [Member] | Developed Technology [Member]
Acquired intangible assets, useful lives (years)			5 years
Fair value Intangible assets			$ 2,226,252
Acquisition of Argyll [Member] | Gaming License [Member]
Acquired intangible assets, useful lives (years)			2 years
Fair value Intangible assets			$ 916,692
Acquisition of Argyll [Member] | Player Relationships [Member]
Acquired intangible assets, useful lives (years)			5 years
Fair value Intangible assets			$ 2,750,076

Business Acquisitions - Summary

Business Acquisitions - Summary of Changes in Fair Value of Contingent Considerstion (Details) - Flip Sports Limited [Member] - USD ($)	Mar. 03, 2021	Sep. 03, 2020	Mar. 31, 2021
Fair value of contingent share consideration at September 3, 2020			$ 500,000
Change in fair value contingent consideration	$ 1,305,804		1,305,804
Stock issued settlement of contingent share consideration (March 3, 2021)		$ (411,817)	(1,805,804)
Fair value of contingent share consideration at March 31, 2021		$ 500,000

Business Acquisitions - Sched_3

Business Acquisitions - Schedule of Unaudited Pro Forma Operating Results (Details) - USD ($)	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Business Combinations [Abstract]
Net revenue	$ 23,239,740	$ 25,844,063
Net loss	$ (20,690,992)	$ (12,576,014)
Net loss per common share, basic and diluted	$ (1.03)	$ (1.41)

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid marketing costs	$ 519,480
Prepaid insurance	9,973	159,941
Prepaid equity		100,000
Other prepaid operating costs	244,782	3,404
Prepaid expenses and other current assets	$ 1,423,581	$ 263,345

Equipment (Details Narrative)

Equipment (Details Narrative) - USD ($)	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 51,582	$ 6,419

Equipment - Schedule of Equipme

Equipment - Schedule of Equipment (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Total	$ 169,639	$ 34,691
Accumulated depreciation	(88,735)	(26,650)
Equipment, net	80,904	8,041
Computer Equipment [Member]
Total	75,859	14,450
Furniture and Equipment [Member]
Total	$ 93,780	$ 20,241

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense of intangible assets	$ 852,969	$ 500	$ 1,575,257	$ 11,595

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Goodwill (Details)	9 Months Ended
	Mar. 31, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance of goodwill, beginning of year
Acquisitions	17,314,685
Foreign currency translation	(322,486)
Balance of goodwill, end of period	$ 16,992,199

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Intangible assets, beginning			$ 2,000
Additions			28,987,885
Amortization	$ (852,969)	$ (500)	(1,575,257)	$ (11,595)
Currency Translation			395,401
Intangible assets, ending	27,810,029		27,810,029
Trade Name [Member]
Intangible assets, beginning
Additions			3,952,053
Amortization			(128,833)
Currency Translation			77,668
Intangible assets, ending	3,900,888		3,900,888
Gaming Licenses [Member]
Intangible assets, beginning
Additions			1,616,692
Amortization			(350,842)
Currency Translation			49,425
Intangible assets, ending	1,315,275		1,315,275
Player Interface [Member]
Intangible assets, beginning
Additions			2,226,252
Amortization			(312,838)
Currency Translation			120,033
Intangible assets, ending	2,033,447		2,033,447
Developed Technology and Software [Member]
Intangible assets, beginning
Additions			6,873,073
Amortization			(205,213)
Currency Translation
Intangible assets, ending	6,667,860		6,667,860
Customer and Player Relationships [Member]
Intangible assets, beginning
Additions			13,587,255
Amortization			(569,449)
Currency Translation			148,275
Intangible assets, ending	13,166,081		13,166,081
Internal-use Software [Member]
Intangible assets, beginning			2,000
Additions			732,560
Amortization			(8,082)
Currency Translation
Intangible assets, ending	$ 726,478		$ 726,478

Loans Receivable (Details Narra

Loans Receivable (Details Narrative) - USD ($)	9 Months Ended
	Mar. 31, 2021	Jan. 26, 2021	Sep. 22, 2020
Line of credit description	If these acquisitions do not close by May 14, 2021, and a party chooses to terminate for this reason, the Company may recover only 50% of the First Advances. The Second Advances include terms that are similar to the First Advances except that the Company is required to forgive 40% of the Second Advances should the acquisition not close by April 30, 2021. If the acquisition closes after May 14, 2021, the Company may receive a credit towards the purchase consideration equal to 50% of the Second Advances. If the acquisition is terminated, the Company shall receive a repayment equal to 50% of the Second Advances. The acquisition of Helix and ggCircuit did not close by May 14, 2021, and therefore the Company has forgiven 50% of the Second Advances, or $500,000 as a transaction expense as of such date.
Two Credit Facility Agreements [Member]
Line of credit facility, maximum borrowing capacity			$ 1,000,000
Two Additional Credit Facility Agreements [Member]
Line of credit facility, maximum borrowing capacity		$ 1,000,000
Credit Facility Agreements [Member]
Line of credit facility, maximum borrowing capacity		$ 2,000,000

Other Receivables - Schedule of

Other Receivables - Schedule of Other Receivables (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Marketing receivables from revenue partners	$ 482,882
Receivable from revenue sharing arrangement	295,230
Other	142,003
Other receivables	$ 920,115

Other Non-Current Assets - Sche

Other Non-Current Assets - Schedule of Other Non-Current Assets (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Other Assets, Noncurrent Disclosure [Abstract]
Deposit for gaming duties	$ 755,501
iGaming deposits with service providers	438,128
Rent deposit	91,257	6,833
Other	5,467
Other non-current assets	$ 1,290,353	$ 6,833

Related Party Transactions (Det

Related Party Transactions (Details Narrative)	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2021USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2021GBP (£)
Related party charges	$ 22,770	$ 91,247
Consultant Agreements [Member]
Monthly consultancy payments	25,000	25,000
Employment Agreement [Member]
Monthly employee payroll		500
GBP [Member] | Consultant Agreements [Member]
Monthly consultancy payments | £				£ 18,000
Chief Executive Officer [Member]
Charges incurred	$ 1,200	$ 2,400
Rent payments			$ 21,658

Leases (Details Narrative)

Leases (Details Narrative)	9 Months Ended
	Mar. 31, 2021USD ($)
Leases [Abstract]
Operating lease expenses	$ 97,671

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Terms and Discount Rates (Details)	3 Months Ended
	Mar. 31, 2021USD ($)
Leases [Abstract]
ROU assets obtained in exchange for lease liabilities	$ 626,935
Weighted average remaining useful life (years)	4 years 4 months 9 days
Weighted average discount rate	5.00%

Leases - Schedule of Maturity o

Leases - Schedule of Maturity of Operating Lease Liability (Details)	Mar. 31, 2021USD ($)
Leases [Abstract]
Fiscal 2021	$ 92,446
Fiscal 2022	185,051
Fiscal 2023	68,811
Fiscal 2024	71,493
Fiscal 2025	74,282
Thereafter	136,750
Total lease payments	628,833
Less: imputed interest	65,903
Present value of lease liabilities	$ 562,930

Leases - Schedule of Assets and

Leases - Schedule of Assets and Liabilities Related to Operating Leases (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Leases [Abstract]
Operating lease liability - current (current liability)	$ 240,725
Operating lease liability (non-current liability)	$ 322,205

Notes Payable (Details Narrativ

Notes Payable (Details Narrative)	9 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2021GBP (£)	Mar. 31, 2021GBP (£)
Notes payable | $	$ 345,039
Term Loan Facility [Member]
Debt principal amount | $	69,257
Term Loan Facility [Member] | GBP [Member]
Debt principal amount | £		£ 50,000
Term Loan Facility [Member] | GBP [Member] | Esports Gaming League [Member]
Term loan amount | £			£ 50,000
HSBC [Member] | Term Loan Facility [Member]
Term loan amount | $	$ 340,000
Debt term	3 years	3 years
Credit facility interest rate	3.49%	3.49%
HSBC [Member] | Term Loan Facility [Member] | GBP [Member]
Term loan amount | £			£ 250,000

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	May 14, 2021	Feb. 03, 2021	Jan. 22, 2021	Aug. 17, 2020	Aug. 06, 2020	Oct. 09, 2019	Oct. 08, 2019	Oct. 02, 2019	Apr. 30, 2021	Sep. 30, 2018	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Sep. 18, 2018	Jun. 03, 2016
Sales and marketing expense											$ 2,399,200	$ 84,249	$ 4,891,688	$ 184,175
Stock issued during the period, shares						11,248	41,779							53,028
Convertible promissory note percentage																8.00%
Boustead Securities, LLC [Member] | Placement Agent [Member]
Sale of transaction for stock										$ 192,664
Warrants to purchase common stock															1,417,909
Petitioner Boustead Securities, LLC [Member]
Description of loss contingency actions taken by arabitrator		The arbitration awarded Boustead Securities, LLC $289,874 in damages and allowable costs (excluding attorneys' fees) with interest accruing approximately $21 per day.
Loss contingency damages awarded value		$ 289,874
One-Year Anniversary [Member]
Stock issued during the period, shares				10,000
Stock issued during the period, value				$ 1,250,000
Debt instrument, term				10 years
Sponsorship Agreement [Member]
Consultant for compensation								$ 516,000
Consulting agreement description								From October 1, 2019 to June 30, 2022.
Estimated commitment amount year 2021											812,500		812,500
Estimated commitment amount year 2022											1,500,000		$ 1,500,000
Stock issued during the period, shares				50,000									33,333
Stock issued during the period, value				$ 1,500,000									$ 21,000
Sponsorship Agreement [Member] | Subsequent Event [Member]
Stock issued during the period, shares									31,198
Stock issued during the period, value									$ 187,500
Sponsorship Agreement [Member] | Common Stock [Member]
Consultant for compensation								$ 230,000
Amended and Restated Sponsorship Agreement [Member]
Consultant for compensation					$ 2,545,000
Termination of contract					Jan. 31, 2023
Sales and marketing expense											334,031		879,615
Accounts payable and accrued expenses											30,453		30,453
Amended and Restated Sponsorship Agreement [Member] | Common Stock [Member]
Consultant for compensation					$ 8,250,000
Multi-year Agreement [Member]
Estimated commitment amount year 2021											1,072,500		1,072,500
Estimated commitment amount year 2022											1,298,625		1,298,625
Estimated commitment amount year 2023											1,351,681		1,351,681
Estimated commitment amount year 2024											891,334		891,334
Estimated commitment amount year 2025											923,511		923,511
Purchase Agreement [Member] | Helix Equity Holders [Member]
Payments of common stock			$ 17,000,000
Common stock description			To be paid fifty percent (50%) in shares of common stock of the Company, par value $0.001 per share (the "Common Stock") (the "Helix Share Consideration"), and fifty percent (50%) in cash (the "Helix Cash Consideration"). The per share price of the Common Stock issuable as Helix Share Consideration shall be the Closing Base Price minus the Discount. "Closing Base Price" means the volume weighted average price ("VWAP") of the Common Stock during the thirty (30) trading days immediately preceding the date of the closing under the Helix Purchase Agreement (the "Closing"). "Discount" equals the greater of (A) and (B) minus the lesser of (A) and (B) multiplied by 0.25 where (A) is the VWAP of the common stock during the thirty (30) trading days immediately preceding October 26, 2020 (which was $4.54 per share) multiplied by 1.25 (which is $5.675); and (B) is the Closing Base Price.
Purchase Agreement [Member] | GGC Equity Holders [Member]
Payments of common stock			$ 26,000,000										43,000,000
Common stock description			To be paid fifty percent (50%) in shares of Common Stock (the "GGC Share Consideration"), and fifty percent (50%) in cash (the "GGC Cash Consideration") The per share price of the Common Stock issuable as GGC Share Consideration shall be the Closing Base Price minus the Discount. "Closing Base Price" means the volume weighted average price ("VWAP") of the Common Stock during the thirty (30) trading days immediately preceding the date of the closing under the GGC Purchase Agreement (the "Closing"). "Discount" equals the greater of (A) and (B) minus the lesser of (A) and (B) multiplied by 0.25 where (A) is the VWAP of the common stock during the thirty (30) trading days immediately preceding October 26, 2020 (which was $4.54 per share) multiplied by 1.25(which is $5.675); and (B) is the Closing Base Price.
Loans advanced												$ 600,000		$ 600,000
Operating expenses													600,000
Expected full credit, description			If the Closing takes place on or prior to May 14, 2021, the Company will receive a full credit against the GGC Purchase Price for the GGC Loans and if the Closing takes place prior to April 30, 2021 the Company will receive a full credit against the GGC Purchase Price for the Operating Expense Payments. If Closing takes place after April 30, 2021, but on or prior to May 14, 2021, the Company shall receive a credit against the GGC Purchase Price for 60% of the Operating Expense Payments. If the transaction does not close, depending on the reason, a portion of the GGC Loans and the Operating Expense Payments may be forgiven.
Percentage of purchase price												60.00%		60.00%
Purchase Agreement [Member] | GGC Equity Holders [Member] | Subsequent Event [Member]
Operating expenses	$ 300,000
Purchase Agreement [Member] | Helix Equity Holders [Member]
Payments of common stock													43,000,000
Loans advanced											$ 400,000	$ 400,000	400,000	$ 400,000
Operating expenses													$ 400,000
Expected full credit, description													If the Closing takes place on or prior to May 14, 2021, the Company will receive a full credit against the Helix Purchase Price for the Helix Loans and if the Closing takes place prior to April 30, 2021 the Company will receive a full credit against the Helix Purchase Price for the Operating Expense Payments. If Closing takes place after April 30, 2021, but on or prior to May 14, 2021, the Company shall receive a credit against the Helix Purchase Price for 60% of the Operating Expense Payments. If the transaction does not close, depending on the reason, a portion of the Helix Loans and the Operating Expense Payments may be forgiven.
Percentage of purchase price											60.00%		60.00%
Helix Holdings, LLC Purchase Agreement [Member] | Subsequent Event [Member]
Operating expenses	$ 200,000

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Disaggregated by Revenue (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Total	$ 5,398,708		$ 7,983,293
Online Betting and Casino Revenues [Member]
Total	5,225,053		7,650,840
Other Services [Member]
Total	$ 173,655		$ 332,453

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Revenues from Contracts with Customers Disaggregated by Geographical Area (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Total	$ 5,398,708		$ 7,983,293
U.S [Member]
Total	124,059		280,974
Foreign [Member]
Total	$ 5,274,649		$ 7,702,319

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)	Mar. 03, 2021	Feb. 11, 2021	Jan. 21, 2021	Sep. 10, 2020	Sep. 03, 2020	Jul. 17, 2020	Apr. 30, 2020	Apr. 16, 2020	Mar. 03, 2020	Oct. 09, 2019	Oct. 08, 2019	Aug. 01, 2017	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2021	Mar. 31, 2020	Apr. 30, 2021	Jun. 30, 2020	Jan. 17, 2020
Preferred stock, shares authorized													10,000,000					10,000,000			10,000,000
Preferred stock, par value													$ 0.001					$ 0.001			$ 0.001
Preferred stock, shares issued													0					0			0
Preferred stock, shares outstanding													0					0			0
Common stock, shares issued													20,166,740					20,166,740			11,233,223
Common stock par value													$ 0.001					$ 0.001			$ 0.001
Proceeds from issuance of common stock							$ 6,771,440												$ 100,000
Shares issued during period acquisitions, value															$ 3,802,500
Share of exercise of warrants										21,389	79,444								44,445
Change in fair value of warrant liability													$ (5,358,313)					$ (4,729,924)
Number of shares issued for service, shares																		528,997	8,889
Number of shares issued for service, value													433,957	$ 982,771	$ 1,873,842		$ 58,000	$ 3,290,570	$ 58,000
Gain on warrant exchange																1,894,418			1,894,418
Extinguishment of derivative liability associated with warrant exchange																			$ 3,583,442
Common stock issued for warrant exchange																1,689,024
Stock issued during the period, shares										11,248	41,779								53,028
Additional proceeds from issuance of share							$ 823,759
Stock options shares issuable													481,676					481,676			51,942
Management [Member]
Number of shares issued for service, shares																					1,333
Employees [Member]
Number of shares issued for service, shares																					16,966
Consultants [Member]
Number of shares issued for service, shares																					99,151
Stock Options [Member]
Stock option term																		4 years 8 months 5 days
Stock options available for exercise																		147,376
Stock-based compensation													$ 743,527			$ 118,475		$ 3,055,118	$ 448,434
Unamortized stock compensation													$ 889,440					$ 889,440
Unamortized stock compensation, year																		9 months 22 days
Stock Options [Member] | 2017 Stock Incentive Plan [Member] | Employees, Officers, and Directors [Member]
Stock options award shares												166,667
Stock options percentage												100.00%
Stock option term												10 years
Stock Options [Member] | 2020 Equity and Incentive Plan [Member]
Stock options award shares				1,500,000
Stock options shares issuable													604,654					604,654
April 2020 offering [Member]
Common stock, shares issued							1,217,241
Shares issued price per share							$ 4.25
Change in fair value of warrant liability																				$ 4,138,585
Class of warrant or right number of securities called by warrants or rights							2,434,482
Warrant outstanding							40,582
Sale of stock, number of shares issued in transaction								1,980,000
Weighted Average [Member]
Shares issued price per share																$ 6.52			$ 6.52
Exercise price																$ 2.25			$ 2.25
Acquisition of Argyll [Member]
Shares issued price per share													$ 8					$ 8
Shares issued for exercise of options and warrants, value																		$ 15,480,000
Share of exercise of warrants																		1,000,000
Proceeds from warrant exercises																		$ 8,000,000
Non-cash settlement of the warrant liability totaling																		748,000
Warrant liability													$ 2,750,076					2,750,076
Change in fair value of warrant liability																		$ 4,729,924
Flip Sports Limited [Member]
Shares issued during period acquisitions	93,808				93,808
Shares issued during period acquisitions, value	$ 1,805,804				$ 411,817
Flip Sports Limited [Member] | Employees [Member]
Shares issued during period acquisitions, value					$ 500,000
Acquisition of EGL [Member]
Shares issued during period acquisitions			292,511
Shares issued during period acquisitions, value			$ 2,193,833
Common Stock [Member]
Common stock, shares issued																209,400			209,400
Common stock par value																$ 0.01			$ 0.01
Shares issued price per share													$ 6.22					$ 6.22
Shares issued during period acquisitions															650,000
Shares issued during period acquisitions, value															$ 650
Shares issued for exercise of options and warrants																		4,274,393
Exercise price													$ 5.85					$ 5.85
Shares issued for exercise of options and warrants, value																		$ 24,986,582
Number of shares issued for service, shares													46,005	191,736	291,256		8,889				117,450
Number of shares issued for service, value													$ 45	$ 192	$ 291		$ 9
Common stock issued for warrant exchange																$ 289
Common Stock [Member] | Acquisition of Argyll [Member]
Shares issued during period acquisitions																		650,000
Shares issued during period acquisitions, value																		$ 3,802,500
Common Stock [Member] | Flip Sports Limited [Member]
Shares issued during period acquisitions					93,808				93,808									187,616
Shares issued during period acquisitions, value					$ 411,817				$ 1,805,804									$ 2,217,621
Common Stock [Member] | Acquisition of EGL [Member]
Shares issued during period acquisitions																		292,511
Shares issued during period acquisitions, value																		$ 2,193,833
Unit A Warrant [Member]
Common stock, shares issued								3,960,000								209,400			209,400
Common stock par value								$ 4.25								$ 0.01			$ 0.01
Warrant outstanding																1,242,056			1,242,056
Unit B Warrant [Member]
Common stock, shares issued								3,960,000								209,400			209,400
Common stock par value								$ 4.25								$ 0.01			$ 0.01
Warrant outstanding																38,561			38,561
Placement Warrant [Member] | April 2020 offering [Member]
Shares issued price per share							$ 11.25
Common stock issued for warrant exchange							$ 69,667
Securities Purchase Agreement [Member]
Aggregate gross proceeds from equity offering		$ 30,000,000
Common stock, shares issued		2,000,000
Common stock par value		$ 0.0001
Shares issued price per share		$ 15
Proceeds from issuance of common stock		$ 27,340,000
Exchange Agreement [Member]
Gain on warrant exchange						$ 1,894,418
Extinguishment of derivative liability associated with warrant exchange						3,583,442
Common stock issued for warrant exchange						$ 1,689,024
Exchange Agreement [Member] | Common Stock [Member]
Class of warrant or right number of warrants purchased																						288,722
Exchange Agreement [Member] | Warrant [Member]
Class of warrant or right number of warrants purchased																						288,722
Consultant Agreements [Member]
Number of shares issued for service, shares																			16,667
Number of shares issued for service, value																			$ 200,000
Waiver Agreements [Member]
Exercise price																$ 11.25			$ 11.25
Stock issued during the period, shares																			5,435
Percentage for warrant issue																5.00%			5.00%

Equity - Schedule of Warrant Ac

Equity - Schedule of Warrant Activities (Details)	9 Months Ended
	Mar. 31, 2021USD ($)$ / sharesshares
Number of Warrants, Outstanding and Exercisable, Beginning Balance | shares	5,276,592
Number of Warrants, Exercised | shares	(5,271,060)
Number of Warrants, Expired or cancelled | shares	(8,341)
Number of Warrants, Outstanding and Exercisable, Ending Balance | shares	1,415,991
Weighted Average Exercise Price, Outstanding and Exercisable, Beginning Balance | $ / shares	$ 4.28
Weighted Average Exercise Price, Exercised | $ / shares	4.88
Weighted Average Exercise Price, Expired or cancelled | $ / shares	4.25
Weighted Average Exercise Price, Outstanding and Exercisable, Ending Balance | $ / shares	$ 4.64
Weighted Average Remaining Life (Years), Outstanding and Exercisable, Ending Balance	2 months 19 days
Intrinsic Value, Outstanding and Exercisable, Ending Balance | $	$ 14,678,888
Argyll Entertainment [Member]
Number of Warrants, Issued | shares	1,000,000
Weighted Average Exercise Price, Issued | $ / shares	$ 8
Over-Allotment Option [Member]
Number of Warrants, Issued | shares	418,800
Weighted Average Exercise Price, Issued | $ / shares	$ 4.25

Equity - Schedule of Stock Opti

Equity - Schedule of Stock Option Activity (Details)	9 Months Ended
	Mar. 31, 2021$ / sharesshares
Equity [Abstract]
Number of Options, Outstanding, Beginning Balance | shares	51,942
Number of Options, Granted | shares	436,400
Number of Options, Exercised | shares	(3,333)
Number of Options, Cancelled | shares	(3,333)
Number of Options, Outstanding, Ending Balance | shares	481,676
Weighted Average Exercise Price, Outstanding, Beginning Balance | $ / shares	$ 10.50
Weighted Average Exercise Price, Granted | $ / shares	4.96
Weighted Average Exercise Price, Exercised | $ / shares	10.50
Weighted Average Exercise Price, Cancelled | $ / shares	10.50
Weighted Average Exercise Price, Outstanding, Ending Balance | $ / shares	$ 5.48

Equity - Schedule of Weighted A

Equity - Schedule of Weighted Average Assumptions Valued Using Black-Scholes Option Pricing Model (Details)	9 Months Ended
	Mar. 31, 2021$ / shares
Equity [Abstract]
Expected term, in years	2 years 9 months 3 days
Expected volatility	132.60%
Risk-free interest rate	0.32%
Dividend yield
Grant date fair value	$ 3.41

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	May 06, 2021	May 14, 2021	Sep. 30, 2020	Mar. 31, 2021	Mar. 31, 2020
Number of shares issued for acquisition			$ 3,802,500
Shares issued exercise				3,333
Shares issued for service				528,997	8,889
Subsequent Event [Member]
Shares issued for service		70,698
Subsequent Event [Member] | Warrant [Member]
Shares issued exercise		120,521
Proceeds from warrant exercise		$ 500,000
Subsequent Event [Member] | Holodeck Ventures Inc [Member]
Number of shares issued for acquisition	$ 2,000,000
Number of shares issued for acquisition, shares	200,000
Business acquisition, description	The terms of the LOI also provide for the payment of an additional 50,000 shares should the operations of Holodeck achieve certain revenue targets during a two year period following date of acquisition.