Esports Entertainment (GMBL) 10-K 13 Oct 21 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2021	Oct. 11, 2021	Dec. 31, 2020
Cover [Abstract]
Entity Registrant Name	ESPORTS ENTERTAINMENT GROUP, INC.
Entity Central Index Key	0001451448
Document Type	10-K
Document Period End Date	Jun. 30, 2021
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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 Public Float			$ 63,602,362
Entity Common Stock, Shares Outstanding		21,985,172
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Entity Incorporation, State or Country Code	NV
Entity File Number	000-55954

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Current assets
Cash	$ 19,917,196	$ 12,353,307
Restricted cash	3,443,172
Accounts receivable, net	136,681
Receivables reserved for users	2,290,105
Other receivables	658,745
Deposit on business acquisition		500,000
Prepaid expenses and other current assets	3,264,344	263,345
Total current assets	29,710,243	13,116,652
Equipment, net	726,942	8,041
Operating lease right-of-use asset	1,272,920
Intangible assets, net	45,772,555	2,000
Goodwill	40,937,370
Other non-current assets	1,315,009	6,833
TOTAL ASSETS	119,735,039	13,133,526
Current liabilities
Accounts payable and accrued expenses	8,458,689	811,549
Liabilities to customers	3,057,942
Deferred revenue	22,110
Liabilities to be settled in stock		927,855
Current portion of notes payable and other long-term debt	223,217
Operating lease liability - current	414,215
Total current liabilities	12,176,173	1,739,404
Senior convertible note, net of unamortized discount	6,302,504
Notes payable and other long-term debt	221,300
Warrant liability	23,500,000
Deferred income taxes	1,870,861
Operating lease liability - non-current	878,809
Total liabilities	44,949,647	1,739,404
Commitments and contingencies (Note 14)
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, 21,896,145 and 11,233,223 shares issued and outstanding as of June 30, 2021 and June 30, 2020, respectively	21,896	11,233
Additional paid-in capital	122,341,002	31,918,491
Accumulated deficit	(46,908,336)	(20,535,602)
Accumulated other comprehensive loss	(669,170)
Total stockholders' equity	74,785,392	11,394,122
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 119,735,039	$ 13,133,526

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 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
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	21,896,145	11,233,223
Common stock, shares outstanding	21,896,145	11,233,223

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Net revenue	$ 16,783,914
Operating costs and expenses:
Cost of revenue	7,861,317
Sales and marketing	10,038,524	322,517
General and administrative	24,610,511	3,727,198
Total operating expenses	42,510,352	4,049,714
Operating loss	25,726,438	4,049,714
Other income (expense):
Interest expense	(698,973)	(1,995,458)
Net amortization of debt discount and premium on convertible debt		(1,156,877)
Change in fair value of derivative liabilities		(2,432,302)
Change in fair value of warrant liability	(1,549,924)
Change in fair value of contingent consideration	(1,748,607)
Loss on extinguishment of debt		(2,795,582)
Gain on warrant exchange		1,894,418
Other non-operating income (loss), net	(460,328)	186,498
Total other expense	(4,457,832)	(6,299,303)
Loss before income taxes	30,184,270	10,349,017
Income tax benefit (expense)	3,811,536	(2,398)
Net loss	$ 26,372,734	$ 10,351,415
Basic and diluted loss per common share	$ (1.68)	$ (1.50)
Weighted average number of common shares outstanding, basic and diluted	15,723,618	6,880,321

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Net loss	$ 26,372,734	$ 10,351,415
Other comprehensive loss:
Foreign currency translation loss	669,170
Total comprehensive loss	$ 27,041,904	$ 10,351,415

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders Equity (Deficit) - 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	$ 5,850	$ 5,185,379	$ (10,184,187)		$ (4,992,958)
Beginning Balance, shares at Jun. 30, 2019	5,849,821
Common stock and warrants issued for cash, net of costs	$ 1,980	6,769,460			6,771,440
Common stock and warrants issued for cash, net of costs, shares	1,980,000
Common stock issued upon the exercise of over-allotment, net of costs	$ 209	823,550			823,759
Common stock issued upon the exercise of over-allotment, net of costs, shares	209,400
Common stock issued upon the exercise of warrants	$ 1,543	6,637,739			6,639,282
Common stock issued upon the exercise of warrants, shares	1,543,396
Common stock issued upon the conversion of debt	$ 1,217	4,137,373			4,138,590
Common stock issued upon the conversion of debt, shares	1,217,241
Reclassification of derivative liability upon conversion of debt			4,793,462		4,793,462
Common stock issued for waiver agreement	$ 5	26,897			26,902
Common stock issued for waiver agreement, shares	5,435
Reclassification of derivative liability on warrants upon removal of derivative feature		221,222			221,222
Common stock issued for warrant exchange	$ 289	1,688,735			1,689,024
Common stock issued for warrant exchange, shares	288,722
Common stock and warrants issued for services	$ 26	57,974			58,000
Common stock and warrants issued for services, shares	25,556
Non-cash warrant exercised	$ 53	1,222,549			1,222,602
Non-cash warrant exercised, shares	53,028
Stock based compensation	$ 61	354,151			354,212
Stock based compensation, shares	60,624
Foreign exchange translation
Net loss			(10,351,415)		(10,351,415)
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
Stock based compensation		1,017,620			1,017,620
Stock based compensation, shares
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	$ 188	2,217,433			2,217,621
Stock issued for FLIP acquisition, shares	187,616
Stock issued for EGL acquisition	$ 356	2,791,127			2,791,483
Stock issued for EGL acquisition, shares	355,620
Stock issued for ggCircuit acquisition	$ 830	9,272,381			9,273,211
Stock issued for ggCircuit acquisition, shares	830,189
Stock issued for Helix acquisition	$ 528	5,900,605			5,901,133
Stock issued for Helix acquisition, shares	528,302
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 options and warrant exercises	$ 5,509	34,059,351			34,064,860
Stock options and warrant exercises, shares	5,508,500
Stock issued for services	$ 602	4,024,144			$ 4,024,746
Stock issued for services, shares	602,695				528,997
Foreign exchange translation				(669,170)	$ (669,170)
Net loss			(26,372,734)		(26,372,734)
Ending Balance at Jun. 30, 2021	$ 21,896	$ 122,341,002	$ (46,908,336)	$ (669,170)	$ 74,785,392
Ending Balance, shares at Jun. 30, 2021	21,896,145

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net loss	$ (26,372,734)	$ (10,351,415)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization and depreciation	3,416,252	20,631
Right-of-use asset amortization	162,545
Stock-based compensation	4,129,726	1,614,236
Deferred income taxes	(4,136,258)
Amortization of debt discount	467,504	1,156,887
Non-cash interest expense		1,995,458
Change in fair value of warrant liability	1,549,924
Change in fair value of contingent consideration	1,748,607
Change in the fair value of derivative liabilities		2,432,302
Loss on extinguishment of debt		2,795,582
Gain on warrant exchange		(1,894,418)
Other non-cash charges, net	2,460	(186,456)
Changes in operating assets and liabilities:
Accounts receivable	76,040
Receivables reserved for users	(2,260,031)
Other receivables	10,477
Prepaid expenses and other current assets	(2,246,119)	(123,831)
Other non-current assets	(220,329)
Accounts payable and accrued expenses	4,312,871	271,372
Liabilities to customers	672,403
Deferred revenue	(83,339)
Operating lease liability	(108,363)
Other, net	(4,642)
Net cash used in operating activities	(18,883,006)	(2,269,652)
Cash flows from investing activities:
Cash consideration paid for Lucky Dino, net of cash acquired	(28,930,540)
Cash consideration paid for ggCircuit	(14,993,977)
Cash consideration paid for Helix	(9,964,691)
Cash consideration paid for Argyll, net of cash acquired	(728,926)	(500,000)
Cash consideration paid for EGL, net of cash acquired	(622,503)
Cash consideration paid for FLIP	(100,000)
Purchase of intangible assets	(730,234)
Purchases of equipment	(62,385)
Net cash used in investing activities	(56,133,256)	(500,000)
Cash flows from financing activities:
Proceeds from equity financing, net of issuance costs	27,340,000	8,415,000
Proceeds from exercise of stock options and warrants, net of issuance costs	26,584,860	6,688,865
Proceeds from issuance of Senior Convertible Note	35,000,000
Payment of debt issuance costs	(2,485,000)	(1,844,268)
Proceeds from the exercise of over-allotments		889,950
Repayment of note payable	(83,659)
Proceeds from promissory convertible note		1,160,000
Repayment of promissory convertible note		(230,000)
Net cash provided by financing activities	86,356,201	15,079,547
Effect of exchange rate on changes in cash and restricted cash	(332,879)
Net increase (decrease) in cash and restricted cash	11,007,061	12,309,895
Cash and restricted cash, beginning of year	12,353,307	43,412
Cash and restricted cash, end of year	23,360,368	12,353,307
Cash	19,917,196	12,353,307
Restricted cash	3,443,172
Total cash and restricted cash	23,360,368	12,353,307
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest	226,517
Income taxes	23,433
SUPPLEMENTAL DISLCOSURE OF NON-CASH FINANCING ACTIVITIES:
Fair value of warrants issued as debt discount on Senior Convertible Note	26,680,000
Common stock issued for ggCircuit	9,273,211
Common stock issued for Helix	5,901,133
Common stock issued for Argyll	3,802,500
Fair value of warrants issued for Argyll acquisition	2,750,076
Settlement of Argyll acquisition warrant liability for common stock	7,480,000
Common stock issued for EGL at closing	2,193,833
Settlement of EGL contingent holdback consideration in common stock	597,650
Common stock issued for FLIP acquisition at closing	411,817
Settlement of FLIP contingent consideration in common stock	500,000
Right-of-use assets and liabilities acquired through operating leases	1,408,942
Equipment acquired through finance lease	117,979
Share settlement of liabilities to be settled in stock account	927,855
Extinguishment of derivative liability associated with extinguishment of convertible notes		6,219,785
Extinguishment of debt discount associated with extinguishment of convertible notes		1,909,280
Debt discount and derivative liability associated with amended and restated note		1,394,798
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
Extinguishment of derivative liability upon exchange of warrants		221,222
Original issuance discount of convertible notes		$ 116,000

Nature of Operations

Nature of Operations	12 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Note 1 – Nature of Operations Esports Entertainment Group, Inc. (“Company” or “EEG”) was formed in the State of Nevada on July 22, 2008 under the name Virtual Closet, Inc., before changing its name to DK Sinopharma, Inc. on June 6, 2010 and then to, VGambling, Inc. on August 12, 2014. On or about April 24, 2017, VGambling, Inc. changed its name to Esports Entertainment Group, Inc. The Company is a diversified operator of iGaming, traditional sports betting and esports businesses with a global footprint. The Company’s strategy is to build and acquire iGaming and traditional sports betting platforms and use them to grow the esports business whereby customers have access to game centers, online tournaments and player-versus-player wagering. On July 31, 2020, the Company commenced 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”), and provider of event management and team services, including live and online events and tournaments. On March 1, 2021, completed the acquisition of the operating assets and specified 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”). On June 1, 2021, the Company also acquired Helix Holdings, LLC (“Helix”) and ggCircuit, LLC (“GGC”). 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. GGC 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. On July 13, 2021, the Company completed its acquisition of the online casino and sports book business operating under the brand of Bethard (referred to herein as “Bethard”). The acquisition of Bethard is discussed further in Note 19, Subsequent Events

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 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 consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. Intercompany accounts and transactions 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 year 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 consolidated statements of operations 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 consolidated statements of operations and comprehensive loss. The prior year amounts reported as taxes payable, due to officers and equity to be issued were classified to accounts payable and accrued expenses for the current year presentation on the consolidated balance sheets. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the 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 and Going Concern The accompanying consolidated financial statements of the Company have been prepared assuming the Company will continue as a going concern. The going concern basis of presentation assumes that the Company will continue in operation one year after the date these financial statements are issued and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business. The evaluation of going concern under the accounting guidance requires significant judgment. The Company must consider it has historically incurred losses and negative cash flows in recent years as it has prepared to grow its esports business through acquisition and new venture opportunities. The Company must also consider its current liquidity as well as future market and economic conditions that may be deemed outside the control of the Company as it relates to obtaining financing and generating future profits. As of June 30, 2021, the Company had approximately $19.9 million of available cash on-hand. On October 12, 2021, one business day preceding this filing, the Company had approximately $2.4 million of available cash on-hand, with the decrease in the available cash balance resulting primarily from the cash payment of €13,000,000 (equivalent to $15,346,019 using exchange rates on the date of acquisition) on July 13, 2021 to acquire the Bethard Business (discussed in Note 19 – Subsequent Events). The Company believes that its current level of cash and cash equivalents are not sufficient to fund its operations and obligations without additional financing. Although the Company has financing available, as further described below, the ability to raise financing using these sources is subject to several factors, including market and economic conditions, performance, and investor sentiment as it relates to the Company and the esports and iGaming industry. These conditions were determined to raise substantial doubt regarding our ability to continue as a going concern for a period of at least one year from the date of issuance of these consolidated financial statements. In determining whether there is substantial doubt about the Company’s ability to continue as a going concern, the Company may consider the effects of any mitigating plans for additional sources of financing. The Company identified additional financing sources it believes are currently available to fund its operations and drive future growth that include (i) the ability to access capital using the at-the-money (“ATM”) equity offering program available to the Company whereby the Company may sell up to approximately $20,000,000 shares of its common stock (discussed in Note 19 – Subsequent Events), (ii) the ability to sell shares of common stock of the Company through a shelf registration statement on Form S-3 (File No. 333-252370) declared effective by the Securities and Exchange Commission (SEC) on February 5, 2021, and (iii) the ability to raise additional financing from other sources. These plans were however determined to require the Company to place reliance on several factors as described above, and therefore were not sufficient to overcome the presumption of substantial doubt about the Company’s ability to continue as a going concern. COVID-19 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 and Cash Equivalents Cash includes cash on hand. Cash equivalents consist of highly liquid financial instruments purchased with an original maturity of three months or less. As of June 30, 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 June 30, 2021, restricted cash includes amounts due to users of $1,812,168 as required by the Malta Gaming Authority and $1,631,004 representing cash amounts available to users 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 consolidated statements of operations. At June 30, 2021 and 2020, the allowance for credit losses was not significant to the 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. A user initiates a deposit with a payment processor, and the payment processor remits the deposit to the Company. The amount due from the payment processor is recorded as a receivable reserved for users on the consolidated balance sheets. An allowance for doubtful accounts may be established if it is determined that the Company is unable to collect a receivable from a payment processor. An increase to the allowance for doubtful accounts is recognized as a loss within general and administrative expenses in the consolidated statements of operations. The allowance for doubtful accounts is not material to the consolidated financial statements. 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, or for leasehold improvements, the shorter of the initial lease term or the estimated useful life of the improvements. The estimated useful life of equipment by asset class follows: Computer Equipment Up to 5 years Furniture and fixtures Up to 7 years Leasehold improvements Shorter of the remaining lease term or estimated life of the improvement The estimated useful life and residual value of equipment are reviewed and adjusted, if appropriate, at the end of each reporting period. The 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 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 rather it is tested at least annually for impairment, or more often if events or changes in circumstances indicate that more likely than not the carrying amount of the asset may not be recoverable. Goodwill is tested for impairment at the reporting unit level. A reporting unit represents an operating segment or a component of an operating segment. Goodwill is tested for impairment by either performing a qualitative evaluation or a quantitative test. The qualitative evaluation is an assessment of factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. We may elect not to perform the qualitative assessment for some or all reporting units and perform a quantitative impairment test. The Company performs a quantitative impairment test for goodwill utilizing 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 discounted estimates of future cash flows include significant management assumptions such as revenue growth rates, operating margins, weighted average costs of capital, and future economic and market conditions. If the carrying value of the reporting unit exceeds fair value, goodwill is considered impaired and an impairment charge will be recorded to reduce the reporting unit to fair value. There was no goodwill recorded by the Company during the year ended June 30, 2020. There was no impairment of goodwill for the year ended June 30, 2021. 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 year ended June 30, 2020. There was no impairment of long-lived assets identified for the year ended June 30, 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 leases for office space through operating lease agreements that were a result of its acquisitions of Argyll, and Lucky Dino. The Company also leases properties and equipment, through its acquisition of Helix, that provide customers with in-person gaming experiences. The Company measures an operating lease right-of-use (“ROU”) asset and liability, as well as a finance lease asset and liability, 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 consolidated statements of operations. 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 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 consolidated statements of operations. 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 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 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 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 consolidated statements of operations. Refer to Note 18 for additional disclosures related to the change in fair value of derivative liabilities. 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. The fair value for other assets and liabilities such as cash, restricted cash, accounts receivable, receivables reserved for users, other receivables, prepaid expenses and other current assets, accounts payable and accrued expenses, and liabilities to customers have been determined to approximate carrying amounts due to the short maturities of these instruments. The Company believes that its indebtedness approximates fair value based on current yields for debt instruments with similar terms. 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 because their inclusion would have been antidilutive. 2021 2020 Common stock options $ 474,676 $ 51,942 Common stock warrants 5,350,558 5,264,592 Common stock issuable upon conversion of Senior Convertible Note 2,120,000 — Total $ 7,954,234 $ 5,316,534 Comprehensive Loss Comprehensive loss consists of the net loss for the year 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 year is included in the consolidated statements of comprehensive loss. Foreign Currency The transaction currencies of the Company include the U.S. dollar, British Pound and Euro. The reporting currency of the Company is the U.S. Dollar. Assets 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. The Company recorded a foreign exchange transaction loss for the year ended June 30, 2021 of $440,452. The foreign exchange transaction gains and losses for the year ended June 30, 2020 were not material. Transaction gains and losses are reported within other non-operating income (loss) on the consolidated statements of operations. 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. Advertising expense for the years ended June 30, 2021 and 2020 was $10,038,524 and $322,517, respectively. 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 consolidated statements of operations. VAT receivables and VAT payables are included in other receivables and accounts payable and accrued expenses, respectively on the 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 portfoli

Business Acquisitions

Business Acquisitions	12 Months Ended
	Jun. 30, 2021
Business Combinations [Abstract]
Business Acquisitions	Note 3 – Business Acquisitions Acquisition of GGC On June 1, 2021, the Company completed its acquisition of the issued and outstanding membership units of GGC. The total consideration paid at closing was $24,273,211, with $14,100,000 paid in cash at closing and $900,000 paid through application of loans receivable from GGC, inclusive of operating advances, toward the purchase consideration (net cash paid by the Company inclusive of cash advanced as loans receivable was $14,993,977 after adjustment for cash acquired of $6,023). The Company also issued 830,189 shares common stock at closing using a value per share $13.25 pursuant to the GGC Purchase Agreement. The fair value of the share consideration paid at closing was determined to be $9,273,211 using the closing share price of the Company on the date of acquisition. The loans receivable applied toward the purchase consideration had originated during the negotiation to purchase GGC, whereby the Company had advanced an aggregate of $600,000 to GGC during 2020 in the form of loans (“GGC Loans”). Upon execution of the purchase agreement to acquire GGC, the Company paid GGC an additional $600,000 to be used for operating expenses pending the closing of the GGC acquisition (“GGC Operating Expense Payments”). The Company had recorded these advances totaling $1,200,000 as loans receivable at March 31, 2021 pending the closing of the acquisition. The Company was to receive full credit toward the purchase consideration for the GGC Loans and GGC Operating Expense Payments if the acquisition of GGC were to close by April 30, 2021. If acquisition of GGC were to close after April 30, 2021, but on or prior to May 14, 2021, the Company was to receive full credit toward the purchase price for the GGC Loans, and a credit toward the purchase price equal to 60% of the GGC Operating Expense Payments. If the acquisition closed after May 14, 2021, the Company was to receive full credit toward the purchase price for the GGC Loans, and a credit toward the purchase price equal to 50% of the GGC Operating Expense Payments. The acquisition did not close by May 14, 2021, and therefore the Company had forgiven 50% of the GGC Operating Expense Payments or $300,000 and applied the remaining balance of the total loans receivable, or $900,000 toward the purchase price of GGC. A summary of the purchase consideration follows: Cash paid at closing $ 14,100,000 Loans receivable applied toward purchase consideration 900,000 Share consideration issued at closing 9,273,211 Total purchase price consideration $ 24,273,211 The allocation of assets acquired and liabilities assumed follows: Cash $ 6,023 Accounts receivable 102,701 Prepaid expenses and other current assets 97,083 Equipment 7,704 Intangible assets 16,300,000 Goodwill 11,445,832 Accounts payable and accrued expenses (263,132) Deferred tax liability (3,423,000 ) Total $ 24,273,211 The acquired intangible assets, useful life and fair value determined at the acquisition date follows: Useful Life (years) Fair Value Tradename 10 $ 2,600,000 Developed technology 5 13,300,000 Customer relationships 5 400,000 Total $ 16,300,000 The results of operations of GGC are included in the consolidated financial statements of the Company for the year ended June 30, 2021 since the date of acquisition. The goodwill recorded in the GGC acquisition is not deductible for tax purposes. Transaction related expenses were $801,317 for the year ended June 30, 2021 and are included in general and administrative expenses in the consolidated statements of operations. The transaction expenses incurred for the GGC acquisition include a charge of $300,000 related to the forgiveness of the GGC Operating Expense Payments discussed above, and an additional $100,000 of operating expense advances to fund the GGC operations prior to closing that were not eligible to be applied toward the purchase consideration. Acquisition of Helix On June 1, 2021, the Company completed its acquisition of the issued and outstanding membership units of Helix. The total consideration paid at closing was $17,000,000, with $9,400,000 paid in cash and $600,000 paid through application of loans receivable from Helix, inclusive of operating advances, toward the purchase consideration (net cash paid by the Company inclusive of cash advances as loans receivable was $9,964,691 after adjustment for cash acquired of $35,309). The Company also issued 528,302 shares of common stock at closing using a value per share of $13.25 pursuant to the Helix Purchase Agreement. The fair value of the share consideration paid at closing to be $5,901,133 using the closing share price of the Company on the date of acquisition. The loans receivable applied toward the purchase consideration had originated during the negotiation to purchase Helix, whereby the Company had advanced an aggregate of $400,000 to Helix during 2020 and 2021 in the form of loans (“Helix Loans”). Upon execution of the purchase agreement to acquire Helix, the Company paid Helix an additional $400,000 to be used for operating expenses pending the closing of the Helix acquisition (“Helix Operating Expense Payments”). The Company had recorded these advances totaling $800,000 as loans receivable at March 31, 2021 pending the closing of the acquisition. The Company was to receive full credit toward the purchase consideration for the Helix Loans and Helix Operating Expense Payments if the acquisition of Helix were to close by April 30, 2021. If acquisition of Helix were to close after April 30, 2021, but on or prior to May 14, 2021, the Company was to receive full credit toward the purchase price for the Helix Loans, and a credit toward the purchase price equal to 60% of the Helix Operating Expense Payments. If the acquisition closed after May 14, 2021, the Company was to receive full credit toward the purchase price for the Helix Loans, and a credit toward the purchase price equal to 50% of the Helix Operating Expense Payments. The acquisition did not close by May 14, 2021, and therefore the Company had forgiven 50% of the Helix Operating Expense Payments or $200,000 and applied the remaining balance of the total loans receivable, or $600,000 toward the purchase price of Helix. A summary of the purchase consideration follows: Cash paid at closing $ 9,400,000 Loans receivable applied toward purchase consideration 600,000 Share consideration issued at closing 5,901,133 Total purchase price consideration $ 15,901,133 The allocation of assets acquired and liabilities assumed follows: Cash $ 35,309 Accounts receivable 3,054 Prepaid expenses and other current assets 76,933 Equipment 643,537 Operating lease right-of-use asset 803,503 Intangible assets 3,600,000 Goodwill 12,393,591 Other non-current assets 31,014 Deferred revenue (9,036 ) Deferred income taxes (756,000 ) Operating lease liability (803,503 ) Long-term debt (117,270 ) Total $ 15,901,133 The acquired intangible assets, useful lives fair value determined at the acquisition date follows: Useful Life (years) Fair Value Tradename 10 $ 800,000 Developed technology 5 2,800,000 Total $ 3,600,000 The results of operations of Helix are in the consolidated financial statements of the Company for the year ended June 30, 2021 since the date of acquisition. The goodwill recorded in the Helix acquisition is not deductible for tax purposes. Transaction related expenses were $604,603 for the year ended June 30, 2021 are included in general and administrative expenses in the consolidated statements of operations. The transaction expenses incurred for the Helix acquisition include a charge of $200,000 related to the forgiveness of Helix Operating Expense Payments discussed above, and an additional $100,000 of operating expense advances to fund the Helix operations prior to closing that were not eligible to be applied toward the purchase consideration. 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 allocation assets acquired and liabilities assumed follows: Restricted cash $ 1,203,185 Other receivables 131,111 Equipment 13,765 Operating lease right-of-use asset 371,898 Intangible assets 19,100,000 Goodwill 10,541,217 Other non-current assets 37,840 Accounts payable and accrued expenses (319,149 ) Liabilities to customers (574,244 ) Operating lease liability (371,898 ) Total $ 30,133,725 The acquired intangible assets, useful lives and fair value determined at the acquisition date follows: Useful Life (years) Fair Value Tradename 10 $ 2,100,000 Gaming licenses 2 800,000 Developed technology 5 5,500,000 Player relationships 5 10,700,000 Total $ 19,100,000 The results of operations of Lucky Dino are included in the consolidated financial statements of the Company for the year ended June 30, 2021 since the date of acquisition. The goodwill recorded in the Lucky Dino acquisition is deductible for tax purposes. Transaction related expenses were $1,280,766 for the year ended June 30, 2021 and are included in general and administrative expenses in the consolidated statements of operations. Acquisition of EGL On January 21, 2021, the Company acquired all the issued and outstanding share capital of EGL for total purchase consideration of $2,975,219. The total purchase consideration included $481,386 of cash paid at closing, (net cash paid at closing 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 an estimate of $300,000 for contingent consideration (“Holdback Consideration”) payable by the Company in cash and share consideration based on the progress of EGL towards the achievement of certain revenue targets based on the ability of EGL to achieve certain revenue targets by May 16, 2021. The Holdback Consideration was settled by the Company for $145,153 paid in cash, (increasing the total cash paid for EGL to $622,503), and through issuance of 63,109 shares of common stock with a fair value of $597,650, as determined using the closing price on the date of settlement. The incremental consideration paid in excess of the amount estimated at Holdback Consideration of $442,803 was recorded to change in fair value of contingent consideration within the statement of operations for the year ended June 30, 2021. The terms of the EGL purchase agreement may further require the Company to 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 used to determine the minimum threshold for payment of additional purchase consideration payable by the Company also increases should there be an increase in the value of the share consideration that was issued by the Company on the date of acquisition. A summary of the purchase 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 allocation of assets acquired and liabilities assumed follows: Cash $ 4,036 Accounts receivable 141,031 Other receivables 32,923 Equipment 11,274 Intangible assets 1,371,789 Goodwill 1,978,668 Other non-current assets 5,382 Accounts payable and accrued expenses (118,157 ) Deferred revenue (95,062 ) Notes payable (68,589 ) Deferred income taxes (288,076 ) Total $ 2,975,219 The acquired intangible assets, useful lives and 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 following table summarizes the change in fair value of the Holdback Consideration that was settled by the Company through the payment of cash and issuance of common stock: Fair value of contingent share consideration at January 21, 2021 $ 300,000 Change in fair value contingent consideration 442,803 Payment of Holdback Consideration in cash (145,153 ) Stock issued of Holdback Contingent in shares (597,650 ) Fair value of contingent share consideration at June 30, 2021 $ — The results of operations of EGL are included in the consolidated financial statements of the Company for the year ended June 30, 2021 since the date of acquisition. The goodwill recorded in the EGL acquisition is not deductible for tax purposes. Transaction related expenses were immaterial for the year ended June 30, 2021. Acquisition of Argyll On July 31, 2020, the Company acquired Argyll, an online casino and sportsbook operator for total purchase consideration $7,802,576. The purchase consideration includes $1,250,000 in cash comprised of a cash deposit of $500,000 that had been paid during the year ended June 30, 2020, as well as cash paid at closing of $750,000 (net cash paid being $728,926 in fiscal 2021 after adjustment for cash acquired of $21,074). 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. A summary of the purchase consideration follows: Cash paid $ 1,250,000 Share consideration issued at closing 3,802,500 Fair value of warrants issued at closing 2,750,076 Total purchase price consideration $ 7,802,576 The allocation 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 4,143,224 Other non-current assets 1,130,034 Accounts payable and accrued expenses (2,471,244 ) Liabilities to customers (1,737,106 ) Notes payable (327,390 ) Operating lease liability (240,353 ) Deferred income taxes (1,540,043 ) Total $ 7,802,576 The acquired intangible assets, useful lives and a fair value at the acquisition date follows: Useful Life (years) Fair Value Tradename 10 $ 1,440,516 Gaming licenses 2 916,692 Player interface 5 2,226,252 Player relationships 5 2,750,076 Total $ 7,333,536 The results of operations of Argyll are included in the consolidated financial statements of the Company for the year ended June 30, 2021 since the date of acquisition. During the year ended June 30, 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 final allocation of fair value to identifiable intangible assets. The goodwill is not deductible for tax purposes. Transaction related expenses were immaterial for the year ended June 30, 2021. 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 consolidated statement of operations for the year ended June 30, 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 allocation to the assets acquired follows: Intangible assets (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 year ended June 30, 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 June 30, 2021 $ — The results of operations of FLIP are included in the consolidated financial statements of the Company for the year ended June 30, 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 consolidated statement of operations. Pro Forma Operating Results The following table summarizes pro forma results of operations for the year ended June 30, 2021 and 2020 as if the Argyll, Lucky Dino, EGL, ggCircuit and Helix have been acquired on July 1, 2019. The results of operations of FLIP were excluded due to immateriality. The pro forma results of operations for the year ended June 30, 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 year ended June 30, 2021 2020 Net revenue $ 36,748,329 $ 35,321,912 Net loss $ (37,776,598 ) $ (20,556,084 ) Net loss per common share, basic and diluted $ (2.06 ) $ (1.84 ) The pro forma operating results of operations for the year ended June 30, 2021 and 2020 include amortization of intangibles, depreciation of equipment and cash proceeds made available through the issuance of equity to facilitate the acquisitions.

Other Receivables

Other Receivables	12 Months Ended
	Jun. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Receivables	Note 4 – Other Receivables The components of other receivables follows: June 30, 2021 Marketing receivables from revenue partners $ 233,725 Receivable from revenue sharing arrangement 137,461 Other 287,559 Other receivables $ 658,745 At June 30, 2020, there were no amounts recorded as other receivables.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Jun. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Note 5 – Prepaid Expenses and Other Current Assets The components of prepaid expenses and other current assets follow: June 30, 2021 June 30, 2020 Prepaid marketing costs $ 1,727,669 $ — Prepaid insurance 175,620 159,941 Prepaid equity — 100,000 Other prepaid operating costs 1,361,055 3,404 Prepaid expenses and other current assets $ 3,264,344 $ 263,345

Equipment

Equipment	12 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Equipment	Note 6 – Equipment The components of equipment follow: June 30, 2021 June 30, 2020 Computer equipment $ 258,049 $ 14,450 Furniture and equipment 249,070 20,241 Leasehold improvements 221,787 — Finance lease asset 117,979 — Equipment, at cost 846,885 34,691 Accumulated depreciation and finance lease amortization (119,943 ) (6,650 ) Equipment, net $ 726,942 $ 8,041 During the years ended June 30, 2021 and 2020, the Company recorded total depreciation expense and finance lease amortization of $111,380 and $8,537, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 7 – Goodwill and Intangible Assets A summary of the changes in the balance of goodwill follows: Fiscal 2021 Goodwill, balance at beginning of year $ — Acquisitions 40,964,350 Foreign currency translation (26,890 ) Goodwill, balance at end of year $ 40,937,370 The intangible asset balance was not material to the consolidated financial statements at June 30, 2020. The intangible amounts comprising the intangible asset balance at June 30, 2021 follows: Gross Carrying Amount Accumulated Amortization Net Carrying Amount Tradename $ 7,396,804 $ (257,018 ) $ 7,139,786 Developed technology and software 25,231,659 (1,242,605 ) 23,989,054 Gaming licenses 1,752,612 (573,876 ) 1,178,736 Player relationships 13,956,083 (1,253,135 ) 12,702,948 Internal-use software 777,171 (15,140 ) 762,031 Total $ 49,114,329 $ (3,341,774 ) $ 45,772,555 During the year ended June 30, 2021, the Company recorded amortization expense for its intangible assets of $3,304,872. During the year ended June 30, 2020, the Company recorded an impairment associated with the website asset of $67,132. There was no impairment of intangibles assets recorded by the Company during the year ended June 30, 2021. The estimated future amortization related to definite-lived of intangible assets, including amortization related to the preliminary allocation of fair value to the intangible assets of ggCircuit and Helix, follows: Fiscal 2022 $ 9,569,242 Fiscal 2023 9,032,065 Fiscal 2024 8,729,635 Fiscal 2025 8,729,635 Fiscal 2026 6,192,914 Thereafter 3,519,064 Total $ 45,772,555

Other Non-Current Assets

Other Non-Current Assets	12 Months Ended
	Jun. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Non-Current Assets	Note 8 – Other Non-Current Assets The components of other non-current assets follows: June 30, 2021 June 30, 2020 Deposit for gaming duties $ 755,474 $ — iGaming deposits with service providers 434,738 — Rent deposit 91,253 — Other 33,544 6,833 Other non-current assets $ 1,315,009 $ 6,833

Account Payable and Accrued Exp

Account Payable and Accrued Expenses	12 Months Ended
	Jun. 30, 2021
Payables and Accruals [Abstract]
Account Payable and Accrued Expenses	Note 9 – Account Payable and Accrued Expenses The components of account payable and accrued expenses follows: June 30, 2021 June 30, 2020 Trade accounts payable $ 2,609,212 $ 499,343 Accrued marketing 1,582,470 — Accrued payroll and benefits 1,093,263 96,500 Accrued professional and other expenses 2,451,366 181,940 Accrued jackpot liabilities 432,504 — Accrued legal settlement (Note 13) 289,874 — Related party payable — 21,658 Total $ 8,458,689 $ 811,549

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Note 10 – Related party transactions The Company reimburses the Chief Executive Officer for office rent and related expenses. During the year ended June 30, 2021, the Company incurred charges of $4,800 from the Chief Executive Officer for office expense reimbursement. As of June 30, 2021, there were no amounts payable to the Chief Executive Officer. As of June 30, 2020, there was $21,658 payable to the Chief Executive Officer for office expense reimbursement and for business 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 year ended June 30, 2021 and 2020 the Company expensed approximately $96,020 and $43,107, 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 ($24,842 translated using the exchange rate in effect at June 30, 2021) per month 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	12 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Leases	Note 11 – Leases The consolidated balance sheet allocation of assets and liabilities related to operating and finance leases follow: Consolidated Balance Sheet Caption June 30, 2021 Assets: Operating lease assets Operating lease right-of-use assets $ 1,272,920 Finance lease assets Equipment, net 114,540 Total lease assets $ 1,387,460 Liabilities: Current: Operating lease liabilities Operating lease liability - current $ 414,215 Finance lease liabilities Current portion of long-term debt 50,702 Long-term: Operating lease liabilities Operating lease liability - non-current 878,809 Finance lease liabilities Long-term debt 63,161 Total lease liabilities $ 1,406,887 The operating lease expense and finance lease expense for the year ended June 30, 2021 were $156,543 and $2,039, respectively. The rent expense for short-term leases was not material to the consolidated financial statements. Weighted average remaining lease terms and discount rates follow: June 30, 2021 Weighted Average Remaining Lease Term (Years): Operating leases 4.11 Finance leases 2.50 Weighted Average Discount Rate: Operating leases 6.82 % Finance leases 8.00 % The future minimum lease payments at June 30, 2021 follows: Operating Lease Finance Lease Fiscal 2022 $ 481,072 $ 50,702 Fiscal 2023 313,065 50,702 Fiscal 2024 323,065 25,352 Fiscal 2025 233,417 — Fiscal 2026 76,396 — Thereafter 58,564 — Total lease payments 1,485,579 126,756 Less: imputed interest 192,556 12,893 Present value of lease liabilities $ 1,293,023 $ 113,863

Long-Term Debt

Long-Term Debt	12 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Long-Term Debt	Note 12 – Long-term Debt Notes Payable and other long term debt The components of notes payable and other long-term follows: Notes payable $ 330,654 Finance lease obligation (See Note 11) 113,863 444,517 Less current portion of notes payable and long-term debt (223,217 ) Notes payable and other long-term debt $ 221,300 The Company assumed a note payable of £250,000 (equivalent to $327,390) in connection with its acquisition of Argyll on July 31, 2021. The term loan was issued on April 30, 2020 and has a maturity 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 monthly principal and interest payments on the notes payable commenced in June 2021 and continue for two years through May 2023. The principal balance of the notes payable at June 30, 2021 was £239,583 ($330,654 using exchange rates at June 30, 2021). Interest expense on the notes payable was $962 for the year ended June 30, 2021. The Company assumed a note payable of £50,000 (equivalent to $68,589) in connection with the acquisition of EGL on January 21, 2021. 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. Senior Convertible Note On June 2, 2021 the Company issued a Senior Convertible Note in the principal amount of $35,000,000 million with the Company receiving proceeds at issuance of $32.5 million, net of debt issuance costs of $2.5 million. The Senior Convertible Note matures on June 2, 2023, at which time the Company is required to repay the original principal balance and a “minimum return” equal to 6% of any outstanding principal. The aggregate principal of the Senior Convertible Note repayable at maturity is $37,100,000 and the Senior Convertible Note accrues interest at rate of 8% per annum payable in cash monthly. The Senior Convertible Note was issued with 2,000,000 Series A Warrants and 2,000,000 Series B Warrants . On the date of issuance, the Company recorded the fair value of the Series A Warrants and Series B Warrants as a discount to the Senior Convertible Note totaling $26,680,000. The debt discount is being amortizing to interest expense over the term of the Senior Convertible Note using the effective interest method. The obligation resulting from the issuance of the Series A Warrants and Series B Warrants was determined to qualify for liability classification on the consolidated balance sheet. See below for further discussion of the Series A Warrants and Series B Warrants. The Senior Convertible Note is convertible, at the option of the holder, into shares of the Company’s common stock at a conversion price of $17.50 per share. The conversion amount is calculated as the principal balance identified for conversion plus a minimum return of 6% on such principal balance. At any time after issuance, the Company has the option, subject to certain conditions, to redeem some or all of outstanding principal, inclusive of any minimum return due to the holder based on the number of days the principal is outstanding. The Senior Convertible Note is subject to a most favored nations provision and standard adjustments in the event of any stock split, stock dividend, stock combination, recapitalization or other similar transaction. If the Company enters into any agreement to issue, or issue any variable rate securities, the holder of the Senior Convertible Note has the additional right to substitute such variable price (or formula) for the conversion price. If the holder were to substitute a floor price of $2.1832 as the variable price, the Company would be required to settle in cash any difference between the market value of the shares subject to conversion at the floor price and the market value of the shares using the variable price, excluding any reference to the floor. The holder of the Senior Convertible Note also has the right to have the Company redeem all or a portion of the Senior Convertible Note at a redemption price equal to 106% of the portion of the Senior Convertible Note being redeemed should the Company provide notice of incurring additional debt. If an event of default occurs, the holder of the Senior Convertible Note has the right to alternate conversion (“Alternate Conversion”) and may elect to convert the Senior Convertible Note, inclusive of a 15% premium payable in a cash due such an acceleration of the applicable principal, at a price (“Alternate Conversion Price”) equal to the greater of the floor price of $2.1832 or a price derived from the volume weighted average price of the Company’s common stock at the time of Alternate Conversion. If the Alternate Conversion were to include the floor price of $2.1832 as the Alternate Conversion Price, the Company would be required to settle in cash any difference between the market value of the shares subject to the Alternate Conversion using the floor price and the market value of the shares using the Alternate Conversion Price, excluding any reference to the floor. In connection with an event of default, the holder may require the Company to redeem in cash any or all of the Senior Convertible Note. The redemption price will equal 115% of the outstanding principal of the Convertible Note to be redeemed, and accrued and unpaid interest and unpaid late charges thereon, or an amount equal to market value of the shares of the Company’s common stock underlying the Convertible Note, as determined in accordance with the Convertible Note, if greater. The noteholder will not have the right to convert any portion of a Senior Convertible Note, to the extent that, after giving effect to such conversion, the holder, together with certain related parties, would beneficially own in excess of 4.99% of the shares of our common stock outstanding immediately after giving effect to such conversion. The holder may from time to time increase this limit to 9.99%, provided that any such increase will not be effective until the 61st day after delivery of a notice to us of such increase. In addition, unless obtain approval is obtained from the Company’s stockholders as required by Nasdaq, the Company is prohibited from issuing any shares of common stock upon conversion of the Senior Convertible Note or otherwise pursuant to the terms of the Senior Convertible Note, if the issuance of such shares of common stock would exceed 19.99% of the Company’s outstanding shares of common stock, or otherwise exceed the aggregate number of shares of common stock which the Company may issue without breaching our obligations under the rules and regulations of Nasdaq. In connection with a change of control, as defined in the Senior Convertible Note, the holder may require the Company to redeem all or any portion of the Senior Convertible Note. The redemption price per share will equal the greatest of (i) 115% of the outstanding principal of the Senior Convertible Note to be redeemed, and accrued and unpaid interest and unpaid late charges thereon, (ii) 115% of the market value of the shares of our common stock underlying the Senior Convertible Note, as determined in accordance with the Senior Convertible Note, and (iii) 115% of the aggregate cash consideration that would have been payable in respect of the shares of the Company’s common stock underlying the Senior Convertible Note, as determined in accordance with the Senior Convertible Note. The Company is subject to certain customary affirmative and negative covenants regarding the incurrence of indebtedness, the existence of liens, the repayment of indebtedness, the payment of cash in respect of dividends, distributions or redemptions, and the transfer of assets, among other matters. We also will be subject to certain financial covenants relating to available cash, ratio of outstanding indebtedness to market capitalization and minimum cash flow. The Company is also subject to financial covenants as it relates minimum revenues commencing June 30, 2022. The Company evaluated its compliance with the debt covenants in the Senior Convertible Note as of June 30, 2021 and the period from July 1, 2021 through October 13, 2021 and determined that it had not maintained compliance with certain covenants in the Senior Convertible Note. The Company therefore requested and received a waiver for (i) any known breaches or potential breaches of financial covenants in effect related to the available cash test and minimum cash flow test through December 25, 2021, (ii) any known breach resulting from the existing lien on the shares of Prozone Limited obtained in the acquisition of the Bethard Business (see discussion of the acquisition of the Bethard Business as a subsequent event in Note 19) and (iii) any known breach which would result from the issuances of up to 200,000 shares common stock in connection with the Company’s proposed purchase of certain equity interests in Game Fund Partners Group LLC (as further discussed as a subsequent event in Note 19). In addition, the Company requested and received an amendment to the Senior Convertible Note wherein the permitted ratio of outstanding debt to market capitalization was increased temporarily from 25% to 35% through December 25, 2021. In consideration for the waiver, the Company agreed to permit the immediate conversion of up to $7,500,000 of the outstanding balance of the Senior Convertible Note at the Alternate Conversion Price into shares of common stock of the Company. In the event of default following December 25, 2021, the holder may exercise any and all rights available to it following such a default that includes redemption of the Senior Convertible Note for cash. The holder may also choose to convert any outstanding indebtedness in the form of the Alternate Conversion Price as provided in the Senior Convertible Note, subject to the terms and conditions contained therein, until such time as the Company is in compliance with the above-mentioned Sections. Warrants The Company issued 2,000,000 Series A Warrants and 2,000,000 Series B Warrants to the holder of the Series Convertible Note. The Series A warrants may be exercised at any time after issuance for one share of common stock of the Company at an exercise price of $17.50. The Series B Warrants may only be exercised to the extent that the indebtedness owing under the Senor Convertible Note is redeemed. As a result, for each share of common stock determined to be issuable upon a redemption of principal of the Senior Convertible Note, one Series B Warrant will vest and be eligible for exercise at an exercise price of $17.50. The Series A Warrants and B Warrants are callable by the Company should the volume weighted average share price of the Company exceed $32.50 for each of 30 consecutive trading days following the date such warrants become eligible for exercise. The Series A Warrants and Series B Warrants also contain a beneficial ownership limitation of 4.99% which may be increased or decreased up to 9.99%, provided that any such increase will not be effective until the 61st day after delivery of a notice to us of such increase. The Company determined the Series A and Series B Warrants should be classified as a liability as the warrants are redeemable for cash in the event of a fundamental transaction, as defined in the Senior Convertible Note agreement, which includes a change in control. The Company has recorded a liability for the Series A Warrants and Series B at fair value on the issuance date with subsequent changes in fair value reflected in earnings. On the date of issuance, the Company determined the total fair value of the Series A Warrants and Series B Warrants to be $26,680,000, with a fair value of $15,320,000 determined for the Series A Warrants and a fair value of $11,360,000 determined for the Series B Warrants. The Company recorded a gain resulting from the change in fair value of the Series A Warrants and Series B warrants of $3,180,000 for the period from the issuance date through June 30, 2021. Refer to Note 18 for additional disclosures related to the change in the fair value of the warrant liabilities. The proceeds from the issuance of the Senior Convertible Note were allocated to the Series A and Series B Warrants using the with-and-without method. Under this method, the Company first allocated the proceeds from the issuance of the Senior Convertible Note to the Series A Warrants and Series B Warrants based on their initial fair value measurement, and then allocated the remaining proceeds to the Senior Convertible Note. The debt discount on the Senior Convertible Note is being amortized over its term of two years. The Company recorded $467,503 to interest expense for amortization of the debt discount for the period from the issuance date through June 30, 2021. The Company recorded total interest expense of $693,059 for period from the issuance date through June 30, 2021. The maturities of long-term debt follows: Fiscal 2022 $ 223,217 Fiscal 2023 37,334,193 Total before unamortized discount 37,557,410 Less: unamortized discount and issuance costs (30,810,389 ) Total debt $ 6,747,021

Public Offering and Conversion

Public Offering and Conversion of Debt	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Public Offering and Conversion of Debt	Note 13 – Public Offering and Conversion of Debt On April 16, 2020, the Company closed its public offering (“April Offering”) in which it sold 1,980,000 units consisting of one share of common stock and two warrants (“Unit A Warrant” and “Unit B Warrant”, and collectively with the common stock the “Units”) at the public offering price of $4.25 per share. The Units were offered and sold to the public pursuant to the registration statement on Form S-1 filed by the Company with the Securities and Exchange Commission on May 2, 2019, as amended, which became effective on April 14, 2020. In connection with the April Offering, the Company (i) received net proceeds of $6,771,440, after deducting underwriting discounts, commissions and offering fees, (ii) issued 1,217,241 shares of common stock and 2,434,482 warrants with an exercise price of $4.25 per share upon the conversion of $4,138,585 of the Company’s convertible debt and accrued interest, (iii) recorded $4,793,462 of additional paid in capital in connection with the extinguishment of the Company’s derivative liability associated with the convertible debt, and (iv) paid $125,000 of principal on convertible debt and recognized a gain on settlement of debt of $153,401 upon extinguishment of a derivative liability attributed to the convertible debt. In connection with the April Offering, the Company entered into an underwriting agreement (the “Underwriting Agreement”) dated April 14, 2020 that granted a 45-day option to purchase up to 297,000 additional shares of Common Stock, and/or 297,000 Unit A Warrants, and/or 297,000 Unit B Warrants, or any combination thereof, to cover over-allotments, if any. Pursuant to the Underwriting Agreement, the underwriters exercised the over-allotment option to purchase 209,400 additional Unit A Warrants and 209,400 additional Unit B Warrants at a price of $0.01 for each of the Unit A and Unit B Warrants. The Company received net proceeds of $823,759 from the exercise of the over-allotment option granted to the underwriters. The April Offering also resulted in the conversion of the outstanding debt obligations of the Company into shares of common stock and warrants to purchase shares of common stock of the Company. The outstanding debt obligations that were settled upon conversion included the Secured Convertible note dated November 13, 2018 as well as the bridge notes issued by the Company in connection with the private placement offerings, as discussed further below. Conversion of $2,200,000 Secured Convertible Note On November 13, 2018 the Company issued face value $2,200,000 Senior Convertible Notes (“2018 Senior Convertible Notes”) at a 10% original issue discount together with 244,445 warrants for net proceeds received of $2,000,000 (herein referred to as the “November 2018 Offering”). The cash paid for financing costs by the Company was $336,193. The 2018 Senior Convertible Notes were secured by the assets of the Company and accrued interest at 5% per annum, payable in cash at maturity. The principal on the 2018 Senior Convertible was convertible into shares of common stock of the Company at the option of the holder upon issuance at a conversion price of $9.00 per share, subject to adjustment for reorganization events and subsequent sales by the Company of its common stock at a price per share below $9.00. The 2018 Senior Convertible Notes also contained certain traditional default provisions that were linked to credit or interest risks, such as bankruptcy proceedings, liquidation events and corporate existence. The Company had concluded that the 2018 Senior Convertible Notes contained an embedded conversion option that was indexed to the Company’s stock which contain an optional cash settlement feature. The embedded conversion option was determined to be a derivative and was recognized as a liability at fair value at inception and further adjusted based on changes in fair value through earnings at each reporting period. The warrants issued with the 2018 Senior Convertible Notes were exercisable at a price of $11.25 through November 13, 2021,subject to adjustment for reorganization events and subsequent sales by the Company of shares of its common stock at a price per share below $11.25.The Company had concluded that these warrants issued contained an optional cash settlement feature. Therefore, these warrants were recognized as a liability at fair value at inception and further adjusted based on changes in fair value through earnings at each reporting period. The Company also issued 48,889 warrants its placement agents warrants to purchase its common stock in connection with the November 2018 Offering. The warrants were exercisable until December 12, 2023 at a price of $11.25 per share, subject to adjustment for reorganization events and subsequent sales by the Company of shares of its common stock at a price per share below $11.25. The Company had initially concluded that these warrants contained an optional cash settlement feature. Therefore, these warrants were recognized as a liability at fair value at inception and further adjusted based on changes in fair value through earnings at each reporting period. During the year ended June 30, 2020, the placement agent warrants were exchanged and replaced with new warrants whereby their derivative feature was removed. Upon replacement, the warrants were adjusted to fair value and the derivative feature was recorded as additional paid in capital in the amount of $221,222. On July 17, 2019, the Company and the investors to the November 2018 Offering (“Investors”) entered into Waiver Agreements (the “July 2019 Waiver Agreements”). Pursuant to the terms of the July 2019 Waiver Agreements, the Investors waived the exercise of remedies with regard to certain breaches of agreements and any and all events of defaults between the Company and the Investors. In consideration for the Investors entrance into the July 2019 Waiver Agreements, the Company increased the principal amount of each note issued in the November 2018 Offering by 30%, in the form of an Amended and Restated Senior Secured Convertible Promissory Note (the “Amended and Restated Notes”). Additionally, for its role as lead investor, facilitator and negotiating the terms of the 2019 Waiver Agreements, the Company issued to Cavalry Fund I LP warrants to purchase 3,333 shares of Common Stock exercisable on or after October 1, 2019 for a term of three (3) years from such date at an exercise price of $11.25 per share (the “Cavalry Warrant”). The Company evaluated the debt modification for the Amended and Restated Notes in accordance with ASC 470-50 and concluded that the debt qualified for debt extinguishment as the 10% cash flow test was met. As a result, the $2,200,000 Secured Convertible Note was written off and the Amended and Restated Notes were recorded at fair value as of July 17, 2019. On July 17, 2019 the Company wrote off the remaining principal balance of $2,200,000 and recorded the Amended and Restated Notes at fair value in the amount of $4,476,412. On July 17, 2019, of the $4,476,412 fair value, $2,860,000 represents the face amount of the Amended and Restated Note and $1,616,412 represents the deemed premium paid for the Amended and Restated Notes which was recorded as additional debt principal to be amortized over the remaining life of the Amended and Restated Notes. On November 19, 2019, the Company and the Investors had entered into subsequent waiver agreements (the “November 2019 Waiver Agreements”). Pursuant to the terms of the November 2019 Waiver Agreement, the Investors agreed to waive the exercise of remedies with regard to any and all events of default between the Company and the Investors, and the Investors agreed to extend the maturity of the Amended and Restated Note until February 14, 2020. In consideration for the November 2019 Waiver Agreements, the Company issued 5,435 shares of common stock and recorded $26,902 as interest expense. The Company also accelerated the remaining amortization of the July 17, 2019 premium on November 19, 2019. As of March 31, 2020, the Investors verbally agreed to extend the maturity date until the filing of the Company’s registration statement, which was filed on April 15, 2020. In consideration for the Investors entrance into the November 2019 Waiver Agreements, the Company has agreed to issue to each Investor an additional warrant to purchase such number of shares of the Company’s Common Stock equal to 5% of the warrants initially issuable to such Investor in the November 13, 2018 Offering, as amended. These additional warrants had an exercise price of $11.25 per share and were substantially the same as the warrants issued in the November 13, 2018 Offering, except that they contained no cashless provision, ratchet provision or piggyback registration provisions. The Company evaluated the debt modification for the Amended and Restated Notes in accordance with ASC 470-50 and concluded that the debt did not qualify for debt extinguishment as the 10% cash flow test was not met. As a result, the additional warrants issued in connection with the waiver were fair valued and recorded as a debt discount, and are being amortized to interest expense over the remaining term of the debt. In addition, the Company incurred $50,000 of deferred financing fees in connection with the modification and expensed the fees to interest expense immediately. The Amended and Restated Notes were mandatorily converted in full on April 15, 2020 upon the consummation of the Company’s public offering of its securities and simultaneous listing on the Nasdaq Capital Market. The Company accrued interest at the default interest rate, which was recorded as a gain on extinguishment of debt upon conversion as no default interest was called. For the year ended June 30, 2020, the Company recorded a reduction to amortization expense in the amount of $1,616,412 for the amortization of the deemed premium and a loss on extinguishment of debt in the amount of $2,795,582. Private Placement Offerings On August 14, 2019 and August 29, 2019, the Company consummated the initial closings (“Initial Closings”) of a private placement offering (“Private Offerings”) whereby the Company entered into those certain securities purchase agreement (the “August 2019 Purchase Agreements”) with seven accredited investors (the “August Investors”). Pursuant to the August 2019 Purchase Agreements, the Company issued the August Investors those certain convertible promissory notes (the “August Convertible Promissory Notes”) in the aggregate principal amount of $522,500 (including a 10% original issue discount) and warrants (the “August Investor Warrants”) to purchase 58,057 shares of the Company’s common stock for aggregate gross proceeds of $475,000. On October 11, 2019 and December 16, 2019, Company consummated additional closings of the Private Offerings whereby the Company entered into certain securities purchase agreement accredited investors (the “Q2 Closings”). Pursuant to the Q2 Closings, the Company issued the investors those certain convertible promissory notes (the “Q2 Promissory Notes”) in the aggregate principal amount of $753,500 (including a 10% original issue discount) and to purchase 83,722 shares of the Company’s common stock for aggregate gross proceeds of $685,000. The August Convertible Promissory Notes and Q2 Promissory Notes, together and in the aggregate the (“Bridge Notes”) accrued interest at a rate of 5% per annum and were initially convertible into shares of the Company’s common stock at a conversion price of $9.00 per share, subject to adjustment (the “Conversion Price”). The Bridge Notes also contained a mandatory conversion mechanism whereby unpaid principal and accrued interest on the Bridge Notes, upon the closing of a Qualified Offering (as defined therein) converts into the securities offered in such a Qualified Offering at the lower of (i) the Conversion Price and (ii) 80% of the offering price in the Qualified Offering. The Bridge Notes contain customary events of default (each an “Event of Default”) and mature on August 14, 2020, August 29, 2020, October 16, 2020 and December 6, 2020. If an Event of Default occurs, the outstanding principal amount of the Bridge Notes, plus accrued but unpaid interest, liquidated damages and other amounts owing with respect to the Bridge Notes will become, at the holder’s election, immediately due and payable in cash at the “Mandatory Default Amount”. The Mandatory Default Amount means the sum of 130% of the outstanding principal amount of the Bridge Notes plus accrued and unpaid interest, including default interest of 18% per year, and all other amounts, costs, expenses and liquidated damages due in respect of the Bridge Notes. Pursuant to the Bridge Notes, each investor was entitled to 100% warrant coverage, such that investor in the Bridge Notes received the same number of warrants to purchase shares of Common Stock as is the number of shares of Common Stock initially issuable upon conversion of the Bridge Notes as of the date of issuance. The warrants issued in accordance with the Bridge Notes were exercisable at a price of $11.25 per share, subject to adjustment from the date of issuance through August 14, 2022, August 29, 2022, October 11, 2022 and December 16, 2022. Joseph Gunnar & Co., LLC (the “Placement Agent”) acted as placement agent for the Offerings and received cash compensation of $85,000 and warrants to purchase 20,778 shares of the Company’s common stock, at an initial exercise price of $11.25 per share, subject to adjustment (“Agent Warrants”). The Agent Warrants may be exercised on a “cashless” basis and expire August 14, 2024 and August 29, 2024. The Bridge Notes were mandatorily converted in full on April 15, 2020 upon the consummation of the April Offering.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 14 – Commitments and contingencies Commitments On October 1, 2019, the Company entered into a sponsorship agreement with an eSports team (“Team”) to obtain certain sponsorship-related rights and benefits that include the ability to access commercial opportunities. 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 (“Amended Sponsorship Agreement”) with the Team that included cash payments totaling $2,545,000 and the issuance of common stock totaling $825,0000 for the term of the agreement ending January 31, 2023. The cost of the sponsorship arrangement with the Team is recorded to sales and marketing expense on the consolidated statements of operations over the term of the Amended Sponsorship Agreement. During the year ended June 30, 2021, the Company has recorded $1,217,357 in sales and marketing expense related to the Team sponsorship. The amount accrued in accounts payable and accrued expenses on the consolidated balance sheets for the Team sponsorship was $180,696 at June 30, 2021. As of June 30, 2021, the commitments under this agreement are estimated at $1,375,000 for the year ended June 30, 2022, and $750,000 for the year ended June 30, 2023. On August 17, 2020, the Company entered into an agreement with Bally’s Corporation, an operator of various online gaming and wagering 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. The commencement date of the arrangement with Bally’s is set as the earlier of launch date of the online gaming service being offered in New Jersey, or March 31, 2021. The Company determined the commencement date of the arrangement to be March 31, 2021. The Bally’s agreement extends for 10 years from the date of commencement requiring the Company to pay $1,250,000 and issue 10,000 shares of common stock on each annual anniversary date. The Company also paid the $1,550,000 on June 11, 2021, and issue 50,000 shares of common stock on July 1, 2021 in connection with the commencement of the arrangement. During the year ended June 30, 2021, the Company has recorded $357,167 in sales and marketing expense and has further recorded an asset of $1,142,833 at June 30, 2021 in prepaid expenses and other current assets on the consolidated balance sheets. As of June 30, 2021, the commitments under this agreement are estimated at $1,250,000 and 10,000 shares of common stock for the year ended June 30, 2022 through the year ended June 30, 2030. 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 June 30, 2021, the commitments under these agreements are estimated at $1,654,813 for the year ended June 30, 2022, $1,718,903 for the year ended June 30, 2023, $1,1,282,508 for year ended June 30, 2024, $908,423 for the year ended June 30, 2025 and $459,756 for the year ended June 30, 2026. 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 June 30, 2021, the Company has recorded a liability for the amount awarded in arbitration in accounts payable and accrued expenses in the consolidated balance sheet. The Company paid $294,051 to settle the arbitration award, inclusive of accrued interest, on August 24, 2021. 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 amount of the settlement was not material to the consolidated financial statements of the Company.

Revenue and Geographic Informat

Revenue and Geographic Information	12 Months Ended
	Jun. 30, 2021
Revenue Recognition and Deferred Revenue [Abstract]
Revenue and Geographic Information	Note 15 – Revenue and Geographic Information The Company is a provider of iGaming, traditional sports betting and esports services that commenced revenue generating operations during the year ended June 30, 2021 with the acquisitions of Argyll, FLIP, EGL, Lucky Dino, GGC and Helix. The revenues and long-lived assets of Argyll, EGL and Lucky Dino have been identified to our international operations as they principally service customers in Europe, inclusive of the United Kingdom. The revenues and long-lived assets of FLIP, GGC and Helix principally service customers in the United States. The Company did not record revenue during the year ended June 30, 2020. A disaggregation of revenue by type of service for the year ended June 30, 2021 follows: Fiscal 2021 Online betting and casino revenues $ 15,824,054 Esport service revenues 959,860 Total $ 16,783,914 A summary of revenue by geography follows for the year ended June 30, 2021 follows: Fiscal 2021 United States $ 671,519 International 16,112,395 Total $ 16,783,914 A summary of long-lived assets by geography follows: June 30, 2021 June 30, 2020 United States $ 48,144,926 $ 1,189 International 41,942,870 15,685 Total $ 90,087,796 $ 16,874

Equity

Equity	12 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Equity	Note 16 – 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 June 30, 2021 and June 30, 2020. Common Stock The following is a summary of common stock issuances for the year ended June 30, 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. ● On July 31, 2020, 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. During the year ended June 30, 2021, the Company also 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. 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 totalling $7,480,000. 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 year ended June 30, 2021. Refer to discussion of the Argyll acquisition at Note 3. ● During the year ended June 30, 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. Refer to discussion of the FLIP acquisition at Note 3. ● On January 21, 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. On May 21, 2021, the Company issued an additional 63,109 shares of common stock with a fair value of $597,650 to settle contingent holdback purchase consideration for the EGL acquisition. Refer to discussion of the EGL acquisition at Note 3. ● On June 1, 2021 the Company issued 830,189 shares of common stock with a fair value of $9,273,211 in connection with the acquisition of ggCircuit, LLC. ● On June 1, 2021 the Company issued 528,302 shares of common stock with a fair value of $5,901,133 in connection with the acquisition of Helix Holdings, LLC. ● During the year ended June 30, 2021, the Company issued 5,503,167 shares of common stock for the exercise of warrants with a weighted average exercise price of $4.86 per share or $26,737,849 in the aggregate. The warrants issued for shares of common stock in the statement of stockholders equity (deficit) also includes the cash received of $8,000,000 from the exercise of warrants issued in the acquisition of Argyll, and the non-cash settlement of the related warrant liability of $7,480,000, discussed above. The Company recorded issuance costs of $197,627 related to the issuance of warrants during the year ended June 20, 2021. ● During the year ended June 30, 2021, the Company issued 5,333 shares of common stock from the exercise of stock options with a weighted average exercise price of $8.37 per share or $44,637 in the aggregate. ● During the year ended June 30, 2021, the Company issued 602,695 shares of its common stock for services rendered with a weighted average fair value of $4,024,746 per share or $6.68 in the aggregate. The following is a summary of common stock issuances for the year ended June 30, 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 41,780 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 year ended June 30, 2020, the Company issued 44,445 shares of common stock from the exercise of warrants with a weighted average exercise price of $2.25 per share or $100,000 in the aggregate. ● During the year ended June 30, 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 year ended June 30, 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 year ended June 30, 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. There were 1,136,763 of Unit A Warrants outstanding at June 30, 2021. The Unit B Warrants expired one year from the date of issuance on April 19, 2021 and there were no Unit B Warrants outstanding at June 30, 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 June 30, 2021. The Unit B Conversion Warrants have been fully exercised for shares of common stock. On July 31, 2020, the Company issued 1,000,000 warrants in connection with the acquisition of Argyll with an exercise price of $8.00. These warrants were exercised during the year ended June 30, 2021 as described above. On June 2, 2021, the Company issued 2,000,000 Series A Warrants and 2,000,000 Series B Warrants with an exercises price of $17.50 to the holders of the Senior Convertible Note. There were no Series A Warrants exercised during the year ended June 30, 2021. The Series B Warrants may not be exercised until there is a redemption of principal under the Senior Convertible Note. The Series B Warrants were not exercisable at June 30, 2021. A summary of the warrant activity follows: Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Life (Years) Intrinsic Value Outstanding, July 1, 2019 727,779 $ 6.30 2.09 $ 2,563,939 Issued 6,570,302 4.44 Exercised (1,674,542 ) 4.59 Exchanged (288,722 ) 11.25 Forfeited or cancelled (70,225 ) 3.12 Outstanding, June 30, 2020 5,264,592 4.28 0.86 14,654,296 Issued 5,603,674 14.38 Exercised (5,503,167 ) 4.88 Forfeited or cancelled (14,541 ) 4.25 Outstanding, June 30, 2021 5,350,558 $ 14.19 3.14 $ 8,743,588 There were 3,350,558 warrants exercisable at June 30, 2021 with a weighted average exercise price of $12.21. The intrinsic value of the warrants exercised during the years ended June 30, 2021 and 2020 was $33,029,828 and $4,561,472, respectively Common Stock Options On September 10, 2020, the Company’s board of directors adopted the 2020 Equity and Incentive Plan (the “2020 Plan”) that provides for the issuance of incentive and non-qualified stock options, restricted stock, restricted stock units and stock appreciation rights to officers, employees, directors, consultants, and other key persons. Under the 2020 Plan, the maximum number of shares of common stock authorized for issuance was 1,500,000 shares. Each year on January 1, for a period of up to nine years, the maximum number of shares authorized for issuance under the 2020 is automatically increased by 233,968 shares. At June 30, 2021, there was a maximum of 1,733,968 shares of common stock authorized for issuance under the 2020 Plan. There were no additional equity awards eligible for issuance from the 2017 Stock Incentive Plan that had been adopted by the Company on August 1, 2017. The outstanding stock options granted under the 2017 Plan were transferred to the 2020 Plan. As of June 30, 2021, there were 1,281,959 shares of common stock available for future issuance under the 2020 Plan. A summary of the Company’s stock option activity is as follows: Number of Options Weighted Average Exercise Price Outstanding, June 30, 2020 and July 1, 2019 51,942 $ 10.50 Granted 436,400 4.96 Exercised (5,333 ) 8.37 Cancelled (8,333 ) 7.09 Outstanding, June 30, 2021 474,676 5.49 As of June 30, 2021, the weighted average remaining life of the options outstanding was 4.37 years. As of June 30, 2021, there were 147,376 stock options that were available for exercise. The aggregate intrinsic value of options outstanding at June 30, 2021 was $2,537,975. Stock Based Compensation During the year ended June 30, 2021 and 2020, the Company recorded stock-based compensation expense of $4,129,726 and $1,614,236, 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 audited 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 June 30, 2021, unamortized stock compensation for stock options was $598,105 with a weighted-average recognition period of 0.60 years. The options granted during the year ended June 30, 2021 were valued using the Black-Scholes option pricing model using the following weighted average assumptions: The Year Ended June 30, 2021 Expected term, in years 2.76 Expected volatility 132.60 % Risk-free interest rate 0.32 % Dividend yield — Grant date fair value $ 3.41

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note 17 – Income Taxes The income (loss) before income taxes follows: Fiscal 2021 Fiscal 2020 United States $ (19,987,348 ) $ (10,242,024 ) International (10,196,922 ) (106,993 ) Total loss before income taxes $ (30,184,270 ) $ (10,349,017 ) The provision (benefit) from income taxes follows: Fiscal 2021 Fiscal 2020 Current: Federal $ 300,000 $ 2,398 State — — Foreign 24,722 — Total current 324,722 2,398 Deferred: Federal (4,136,258 ) — State — — Foreign — — Total deferred (4,136,258 ) — Income tax provision (benefit) $ (3,811,536 ) $ 2,398 During the year ended June 30, 2021, the Company recorded a deferred tax liability in connection with its acquisitions of Argyll, EGL, Helix and ggCircuit. These acquisitions impacted the Company’s estimate of realizability of its deferred tax assets and resulted in a reduction to the valuation allowance of $4,136,256 during the year ended June 30, 2021. There was no tax benefit recognized during the year ended June 30, 2020 as the Company did not yet have revenue generating operations and maintained a valuation allowance equal to the balance of its deferred tax assets The reconciliation of the expected tax expense (benefit) based on U.S. federal statutory rate of 21% with the actual expense follows: Fiscal 2021 Fiscal 2020 U.S. federal statutory rate $ (6,338,697 ) $ (2,173,293 ) Change in valuation allowance 1,133,233 863,264 Foreign tax rate and other foreign tax (150,274 ) (5,953 ) Non-deductible warrant revaluations 325,484 Non-deductible revaluation of contingent consideration 367,207 Change in fair value of derivatives — 510,783 Debt restructure — 797,981 Acquisition costs 521,235 — Other 330,276 9,616 Income tax provision $ (3,811,536 ) $ 2,398 Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities consist of the following: Fiscal 2021 Fiscal 2020 Assets: Net operating losses $ 9,728,136 $ 1,864,962 Nonqualified stock options 382,974 187,209 Stock compensation payable — 190,370 Depreciation and amortization 452,388 — Other 26,264 — Gross deferred tax assets 10,589,762 2,242,541 Deferred tax liabilities Acquired intangible assets (5,593,787 ) — Net deferred tax assets 4,995,975 2,242,541 Valuation allowance (6,866,836 ) (2,242,541 ) Deferred tax liabilities, net $ (1,870,861 ) $ — The Company has net deferred tax assets of $3,722,926 at June 30, 2021 for which there is no valuation allowance. The Company anticipates its deferred tax assets will be realized through the future reversal of existing temporary differences recorded as deferred tax liabilities. Should the Company determine that it would not be able to realize the remaining deferred tax assets in the future, an adjustment to the valuation allowance would be recorded in the period of determination. The need to maintain a valuation allowance against the Company’s deferred tax assets may cause greater volatility to our effective tax rate. At June 30, 2021, the Company had estimated federal net operating loss carry forwards of $19.7 million that may be offset against future taxable income subject to limitation under IRC Section 382. The total federal net operating losses include $2.8 million of benefit that begins to expire in 2032, with the remaining federal net operating losses having no expiration. At June 30, 2021, the Company had net operating loss carryforwards related to its foreign operations in Malta of $2.0 million and the United Kingdom of $4.5 million that do not expire, as well as net operating loss carryforwards for Switzerland $19.9 million that can be carried forward for 7 years. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted in response to the COVID-19 pandemic. The CARES Act, among other things, permits net operating loss carryovers and carrybacks to offset taxable income for taxable years beginning before 2021. In addition, the CARES Act allows NOLs incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes. Due to historical losses, the net operating loss carryback provision of the CARES Act is would not yield a material benefit to the Company. The Company applied the “more-likely-than-not” recognition threshold to all tax positions taken or expected to be taken in a tax return, which resulted in no unrecognized tax benefits as of June 30, 2021 and June 30, 2020, respectively. The Company records interest and penalties, if any, for uncertain tax positions, in income tax expense. The Company believes any estimated accrued interest and penalties that may be imposed related to tax filings are not material to the consolidated financial statements for the year ended June 30, 2021.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 18 – Fair Value Measurements The following financials instruments were measured at fair value on a recurring basis: June 30, 2021 Total Level 1 Level 2 Level 3 Warrant liability (Senior Convertible Note) $ 23,500,000 $ - $ - $ 23,500,000 There were no assets or liabilities measured at fair value on a recurring basis at June 30, 2020 as derivative liabilities and warrant liabilities were settled in connection with the public offering and conversion of debt discussed in Note 13. A summary of the changes in Level 3 financial instruments follows: Balance at June 30, 2019 $ 4,655,031 Change due to warrant exercise (1,222,602 ) Change due to extinguishment of debt (1,426,323 ) Change due to acquired amended and restated note 2,504,127 Change due to issuance of warrants 1,851,892 Change in fair value of derivative liabilities (2,134,592 ) Change in fair value of warrant liabilities (297,706 ) Change due to redemption of convertible debt (196,297 ) Change due to extinguishment of warrant liabilities upon Warrant Exchange (3,583,442 ) Change due to extinguishment of derivative liabilities upon conversion of notes (4,793,462 ) Change due to extinguishment of derivative upon exchange of derivative warrants (221,222 ) Balance at June 30, 2020 — Fair value of warrants issued for Argyll acquisition (“Argyll Warrant Liability”) (Note 3) 2,750,076 Revaluation of Argyll warrant liability for warrants issued in Argyll Acquisition (Note 16) 4,729,924 Settlement of Argyll warrant liability (Note 16) (7,480,000 ) Issuance of Series A and Series B warrants with Senior Convertible Note (Note 12) 26,680,000 Revaluation of Series A and Series B Warrants issued with Senior Convertible Note (Note 12) (3,180,000 ) Balance at June 30, 2021 $ 23,500,000 The warrants outstanding at June 30, 2021 issued with the Senior Convertible Note were valued using a Monte Carlo based valuation model with the following assumptions: June 30, 2021 Contractual term, in years 2.00 – 4.00 Expected volatility 120% – 140 % Risk-free interest rate 0.24% – 0.65 % Dividend yield — Conversion / exercise price $ 17.50

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 19 – Subsequent Events Equity Issuances Subsequent to June 30, 2021 and through October 11, 2021, 2021, the Company issued 78,527 shares for services. On October 1, 2021, the Company issued a total of 1,121,150 stock options to employees and non-employer directors with an exercise price of $6.71 under the 2020 Equity and Incentive Plan. During the period from July 1, 2021 through October 11, 2021, the Company issued 10,500 shares of common stock from stock option exercises with a weighted average exercise price $4.82. Bethard Acquisition On July 13, 2021, the Company completed the acquisition of the business-to-consumer operations of Bethard Group Limited that provides sportsbook, casino, live casino and fantasy sport betting services with gaming licenses to customers in Sweden, Spain, Malta and Ireland (“Bethard Business”). The initial payment of purchase consideration for the Bethard Business of €17,000,000 (equivalent to $20,067,871 using exchange rates in effect at the acquisition date) includes €13,000,000 (equivalent to $15,346,019 using exchange rates in effect at the acquisition date) that was paid in cash at closing, and €4,000,000 (approximately $4,721,852 using exchange rates in effect at the acquisition date) that was initially payable in cash by October 1, 2021 pursuant an amendment agreement dated July 12, 2021, and subsequently extended to October 14, 2021 (“Additional Payment Due Date”) pursuant to a second amendment agreement (“Bethard Second Amendment Agreement”). The Company is also required to pay additional cash purchase consideration during the 24 month period following the acquisition date equal to 15% of net gaming revenue until the Additional Payment Due Date, with the percentage then decreasing to 10% - 12% of net gaming revenue during subsequent months. The total purchase consideration also includes a payment of up to €7,600,000 (equivalent to $8,971,519 using exchange rates in effect at the acquisition date) of contingent share consideration should a specific ambassador agreement be successfully assigned to Bethard business following the acquisition date. The acquisition was the Bethard Business was completed pursuant to the terms of the purchase agreement dated May 25, 2021 whereby the Company acquired the outstanding share capital, of Prozone Limited that had previously received the assets of the Bethard Business in a pre-closing restructuring by the seller. The preliminary estimate of the purchase consideration follows pending the completion of the valuation of contingent consideration: Cash paid at closing $ 15,346,019 Cash consideration payable by October 14, 2021 (Additional Payment Due Date) 4,721,852 Contingent cash consideration 7,500,000 Contingent share consideration 2,242,880 Total purchase price consideration $ 29,810,751 The preliminary estimated contingent cash consideration assumes a cash payment equal to 15% of net gaming revenue for the Bethard Business through the Additional Payment Due Date as set forth through the Second Payment Due Date estimated to be approximately four months, then reverting to 12% thereafter for the remainder of a two-year period following the acquisition date. The preliminary estimated contingent cash consideration is calculated using the applicable percentages applied to projected net gaming revenue of the Bethard Business at the date of acquisition. The preliminary estimated contingent share consideration “assumes” in an adjusted payout of the contingent share consideration as there is currently no indication the ambassador agreement will be successfully assigned to the Company. The sellers of the Bethard Business have up to 6 months to assign the ambassador agreement to receive the contingent share consideration. After 6 months, the contingent share consideration is reduced by €422,222 (equivalent to $498,417 using exchange rates in effect at the acquisition date) for each month the contract is not assigned to the Company through the 24 month anniversary. The share consideration included in the total estimated preliminary purchase consideration are estimated using the exchange rates at the date of acquisition. The share consideration is not payable until the 24 month anniversary following the acquisition of the Bethard Business and therefore the contingent share consideration is classified as a noncurrent liability. A preliminary purchase price allocation for the Bethard Business has not yet been performed as the acquisition was only recently completed. However, the Company anticipates the purchase price to be allocated to intangible assets and goodwill. Transaction related expenses incurred for the acquisition of the Bethard Business are estimated to total $765,863, with $750,113 incurred during the year ended June 30, 2021 and $15,750 incurred during the three months ended September 30, 2021. Transaction expenses are recorded in general and administrative expenses in the consolidated statements of operations. Pro Forma Operating Results The following table summarizes pro forma results of operations for the year ended June 30, 2021 and 2020 as if the Bethard Business had been acquired on July 1, 2019. The pro forma results of operations for the year ended June 30, 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 year ended June 30, 2021 2020 Net revenue $ 27,217,991 $ 32,482,076 Net loss $ (13,677,602 ) $ (13,251,236 ) Net loss per common share, basic and diluted $ (0.87 ) $ (1.93 ) The pro forma operating results of operations for the year ended June 30, 2021 and 2020 include amortization of intangibles, depreciation of equipment and cash proceeds made available through the issuance of equity to facilitate the acquisitions. At-the Market Equity Offering Program On September 3, 2021, the Company entered “at the market” equity offering program (“ATM”) to sell up to an aggregate of $20,000,000 of common stock. The shares are being issued pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-252370) and the Company filed a prospectus supplement, dated September 3, 2021 with the SEC in connection with the offer and sale of the shares pursuant to the Equity Distribution Agreement with the broker. The Company has sold 1,250 shares through the ATM subsequent to June 30, 2021. Investment in Game Fund Partners LLC The Company has signed a partnership agreement with Game Fund Partners LLC to become a part of their Venture Capital Arm and a new planned $300,000,000 game fund. As part of the new multi-year agreement, the Company will initially invest approximately $2,000,000 million dollars of EEG shares into 20% of the General Partnership of the fund and will become part of the management and investment committee that manages an investment fund focused on joint projects and investment vehicles to fuel growth in the areas of gaming, data, blockchain, online gaming, and joint casino hotel investments. The Company has agreed to contribute 100,000 shares to the fund during the period in which the fund receives total capital commitments of $100,000,000. The Company has agreed to contribute an additional 100,000 shares to the fund during the period in which the fund reaches total capital commitments of $200,000,000. As of October 13, 2021, the Company has not contributed any shares of its common stock to the fund. Services Agreement, Loan Agreement and Put-Agreement with Metaverse Partners LP Services Agreement On October 12, 2021, the Company entered into a services agreement with Metaverse Partners, LP, a Delaware limited partnership (“Metaverse”), pursuant to which Metaverse will subcontract the performance of certain services and obligations by Metaverse related to Club Contracts (as defined herein) to the Company. Various member teams of the National Football League and other sporting clubs (the “Clubs”), may enter into one or more agreements (each a, “Club Contract”) with Metaverse that licenses the right to use certain names, trademarks, service marks, logos and colors of that Club (the ‘Club Marks”) in connection with Metaverse’s sales, marketing, planning, hosting, and execution of certain products and services in the live online gaming tournament broadcast, including in person white label or co-branded gaming events in the esports gaming industry. The services to be provided by the Company under the Services Agreement (the “Services”), which are intended to satisfy Metaverse’s obligations under the Club Contracts and give rise to certain rights in favor of the Company, will include technical and operation support services as it relates to the esports gaming industry and the management of video game tournament sponsorships and will be provided by the Company on an exclusive basis and in accordance with the terms of the Agreement and each Club Contract. In connection with the provision of the Services, the Company has agreed to maintain all permits, licenses, certifications, regulatory approvals rights, and authorizations necessary to perform the Services, including all such rights, authorizations, and licenses to the Company’s technology (inclusive of all Company software, hardware, networks, IT systems, data, and other intellectual property used by the Company in connection with its performance of the Services) and any other third-party software, data, or other intellectual property utilized by the Company in providing the Services. Subject to the terms of the Agreement and the applicable Club Contract, and to the extent permitted under the applicable Club Contract, Metaverse will allow the Company to use the applicable Club Marks for the term of the Agreement solely to the extent necessary to enable the Company to perform its obligations under the Agreement and in each case subject to Metaverse’s prior, written approval, which approval may be conditioned upon the applicable Club’s approval. The Agreement has an initial term of two years (the “Initial Term”). At the end of the Initial Term and each extension, the Agreement automatically extends on the same terms for an additional 1-year period unless either party provides the other with at least 30 days’ prior written notice of its intent to not extend the term of the Agreement. Notwithstanding the foregoing, Metaverse may terminate the Agreement for cause and effective as of the date specified in such notice if the Company commits any material breach of the Agreement that is not reasonably capable of being cured or, if curable, that the Company fails to cure within thirty days of its receipt of written notice thereof. Under the Services Agreement, the Company is entitled to receive 100% of the revenue from each Club in consideration of the Services performed; provided that, if there are opportunities for additional revenue under the Club Contracts that the Company isn’t currently performing or pursuing, Metaverse will receive 100% of such revenue. Loan Agreement Concurrently with and in consideration of the execution of the Agreement, Metaverse agreed to make to the Company, one or several loans, to be used by the Company for operational purposes, in the aggregate principal amount of at least $15,000,000 and up to $25,000,000 (collectively and each individually, the “Loan”) pursuant to that certain Loan Agreement dated October 12, 2021 by and between Metaverse and the Company, (the “Loan Agreement Pursuant to the terms of the Loan Agreement, Metaverse is to make a $15,000,000 loan to the Company (the “Initial Loan”) and committed to make an additional loan to the Company in the amount of $10,000,000 (the “Second Loan”). In connection with the Initial Loan, the Company signed a promissory note to Metaverse dated October 12, 2021 in the principal amount of $15,000,000 (the “Initial Loan Note”). The Second Loan. If applicable, will be on the same terms as the Initial Loan in all material respects, will be reflected by a promissory note (the “Second Loan Note”) that will be identical, in all material respects to the Initial Loan Note and will be due and payable at the same time as the Initial Loan Note. The principal amount of the Initial Loan and, as applicable, the Second Loan and the amount of all interest accrued under the Initial Note and, as applicable, the Second Note will together become immediately due and payable within fifteen calendar days following any of the enumerated events of default set forth in the Loan Agreement. Upon (i) full repayment of the amounts due under the Loan Agreement and the applicable notes and the performance by the Company of all of its other obligations under the Loan Agreement , or (ii) exercise in full of either the “Put Right” or the “Call Right” or payment in full of the “Cash Alternative Amount” under that certain Put-Call Option Agreement, dated October 12, 2021, among the Company, Metaverse and the limited partners of Metaverse (the “Put-Call Option Agreement”), except as otherwise provided in the Loan Agreement and the other loan documents, the Company will thereupon automatically be fully, finally, and forever released and discharged from any claim, liability, or obligation in connection with the Loan Agreement and the other loan documents. The Initial Loan Note and, if applicable, the Second Loan Note will bear interest at the rate of 8% per year and will mature on October 12, 2023 (the “Maturity Date”). Subject to acceleration, upon an event of default, interest on the Initial Loan Note and, if applicable, the Second Loan Note is due and payable on October 12, 2022, April 12, 2023 and on the Maturity Date and principal on the Initial Loan Note and, if applicable, the Second Loan Note is due on the Maturity Date. Put-Call Option Agreement On October 12, 2021, the Company, Metaverse and the limited partners of Metaverse entered into a Put-Call Option Agreement (the “PCO Agreement”) under which the limited partners of Metaverse (the “Limited Partners”) can, under certain circumstances, require the Company to purchase their interests in Metaverse and the Company can, under certain circumstances, require the Limited Partners to sell their interests in Metaverse to the Company. Subject to the terms and conditions of the PCO Agreement, beginning on the date that is two years after the date of the PCO Agreement (the “Put Commencement Date”) and ending on the date that is two years and ten business days after the date of the PCO Agreement, a majority in interest of the Limited Partners, acting with the written consent of the general partner of Metaverse (the “Put Limited Partners”), have the right (the “Put Right”), but not the obligation, to cause the Company to purchase all of the Limited Partners’ interests in Metaverse in exchange for the applicable number of Consideration Shares (as defined herein) being issued to each Limited Partner (the “Put”), and have the right to require that each other Limited Partner (collectively, the “Non-Put Limited Partners”) participate in and be otherwise bound to the Put. Notwithstanding the foregoing, in the event that the Company’s common stock (or any class of securities inro which such common stock has been converted) is suspended from trading on, or removed or delisted from, either the Nasdaq Stock Market or the NYSE for longer than thirty consecutive days, the Put Limited Partners have the right to exercise the Put Right beginning on the date of such event and ending on the date that is two years and ten business days after the date of this Agreement, regardless if such date is before the Put Commencement Date (the “Accelerated Put Commencement Date”). In the event the Put Limited Partners exercises the Put Right, the consideration for which the Company will be required to purchase the Metaverse limited partnership interests from all of the Limited Partners will consist of a number of shares of common stock of the Company equal to the amount determined by the following calculation (issuable to each Limited Partner, the “Consideration Shares”): Consideration Shares equals Base Capital divided by Company Price Per Share. For purposes of the PCO Agreement, (i) “Base Capital” equals, as of the date of the Put Exercise or Call Exercise Notice, as applicable, the applicable Limited Partner’s (A) capital contribution plus (B) an amount equal to an 8% per annum cumulative preferred return, compounded annually, on the amount of such Limited Partner’s capital contribution minus (C) any distributions received pursuant to the Metaverse Partnership Agreement and (ii) “Company Price Per Share” equals the lesser of: (X) $20.00 and (Y) 80% of the 30-day volume weighted average of the closing sales prices of the Company’s common stock for such day on all domestic securities exchanges on which the Company’s common stock may be listed as of the date of the Put Commencement Date, Accelerated Put Commencement Date or Call Commencement Date, as applicable. The closing of the sale of the Metaverse limited partnership interests pursuant to the Put Right will take place no later than 60 days following receipt by the Company of a put exercise notice (the “Put Right Closing Date”). Within thirty days after the Put Right Closing Date, the Company will file with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-3 (or, if not available, on Form S-1) registering the resale of the applicable Consideration Shares, and the Company will use its commercially reasonable efforts to have such registration statement declared effective as soon as practicable after the filing thereof. In the event such registration statement is not filed within thirty days after the Put Right Closing Date or is not declared effective within 120 days of the Put Right Closing Date, each Limited Partner will have the right, but not the obligation, to exchange such Limited Partner’s Consideration Shares for such Limited Partner’s Cash Alternative Amount (as defined below). If (i) the Company fails to deliver the Consideration Shares to the applicable Limited Partner within 60 days following the receipt by the Company of the put exercise notice or (ii) as of the Put Right Closing Date, the class of shares of which the Consideration Shares are a part is no longer eligible for trading on either the Nasdaq Stock Market or the NYSE (such event, a “Put Failure Event”), the Company will deliver, within ten business days of such Put Failure Event, to each Limited Partner an amount in cash equal to the result of dividing such Limited Partner’s Base Capital by 0.8 (such amount, the “Cash Alternative Amount”), with such payment to be made by wire transfer of immediately available funds. Subject to the terms and conditions of the PCO Agreement, beginning on the date that is two years after the date of the PCO Agreement (the “Call Commencement Date”) the Company has the right (the “Call Right”), but not the obligation, to cause all of the Limited Partners to sell all of their interests in Metaverse to the Company. In the event the Company exercises the Call Right, the consideration for which Limited Partners will be required to sell their interests in Metaverse will be in the form of the Company issuing to each Limited Partner the number of Consideration Shares calculated in accordance with the formula set forth above. The closing of the sale of the Metaverse interests pursuant to the Call Right will take place no later than 60 days following receipt by the Limited Partners of a call exercise notice (the “Call Right Closing Date”). Within thirty days after the Call Right Closing Date, the Company will file with the SEC a registration statement on Form S-3 (or, if not available, on Form S-1) registering the resale of the applicable Consideration Shares, and the Company will use its commercially reasonable efforts to have such registration statement declared effective as soon as practicable after the filing thereof. In the event such registration statement is not filed within thirty days after the Call Right Closing Date or is not declared effective within 120 days of the Call Right Closing Date, each Limited Partner will have the right, but not the obligation, to exchange such Limited Partner’s Consideration Shares for such Limited Partner’s Cash Alternative Amount. If the Company fails to deliver the Consideration Shares to the applicable Limited Partners within 60 days following the delivery by the Company of the call exercise notice or (ii) as of the Call Right Closing Date, the class of shares of which the Consideration Shares are a part is no longer eligible for trading on either the Nasdaq Stock Market or the NYSE (such event, a “Call Failure Event”), the Company will deliver, within ten business days of such Call Failure Event, to each Limited Partner an amount in cash equal such Limited Partner’s Cash Alternative Amount.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of presentation and principles of consolidation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. Intercompany accounts and transactions 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 year 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 consolidated statements of operations 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 consolidated statements of operations and comprehensive loss. The prior year amounts reported as taxes payable, due to officers and equity to be issued were classified to accounts payable and accrued expenses for the current year presentation on the consolidated balance sheets.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the 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 and Going Concern	Liquidity and Going Concern The accompanying consolidated financial statements of the Company have been prepared assuming the Company will continue as a going concern. The going concern basis of presentation assumes that the Company will continue in operation one year after the date these financial statements are issued and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business. The evaluation of going concern under the accounting guidance requires significant judgment. The Company must consider it has historically incurred losses and negative cash flows in recent years as it has prepared to grow its esports business through acquisition and new venture opportunities. The Company must also consider its current liquidity as well as future market and economic conditions that may be deemed outside the control of the Company as it relates to obtaining financing and generating future profits. As of June 30, 2021, the Company had approximately $19.9 million of available cash on-hand. On October 12, 2021, one business day preceding this filing, the Company had approximately $2.4 million of available cash on-hand, with the decrease in the available cash balance resulting primarily from the cash payment of €13,000,000 (equivalent to $15,346,019 using exchange rates on the date of acquisition) on July 13, 2021 to acquire the Bethard Business (discussed in Note 19 – Subsequent Events). The Company believes that its current level of cash and cash equivalents are not sufficient to fund its operations and obligations without additional financing. Although the Company has financing available, as further described below, the ability to raise financing using these sources is subject to several factors, including market and economic conditions, performance, and investor sentiment as it relates to the Company and the esports and iGaming industry. These conditions were determined to raise substantial doubt regarding our ability to continue as a going concern for a period of at least one year from the date of issuance of these consolidated financial statements. In determining whether there is substantial doubt about the Company’s ability to continue as a going concern, the Company may consider the effects of any mitigating plans for additional sources of financing. The Company identified additional financing sources it believes are currently available to fund its operations and drive future growth that include (i) the ability to access capital using the at-the-money (“ATM”) equity offering program available to the Company whereby the Company may sell up to approximately $20,000,000 shares of its common stock (discussed in Note 19 – Subsequent Events), (ii) the ability to sell shares of common stock of the Company through a shelf registration statement on Form S-3 (File No. 333-252370) declared effective by the Securities and Exchange Commission (SEC) on February 5, 2021, and (iii) the ability to raise additional financing from other sources. These plans were however determined to require the Company to place reliance on several factors as described above, and therefore were not sufficient to overcome the presumption of substantial doubt about the Company’s ability to continue as a going concern. COVID-19 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 and Cash Equivalents	Cash and Cash Equivalents Cash includes cash on hand. Cash equivalents consist of highly liquid financial instruments purchased with an original maturity of three months or less. As of June 30, 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 June 30, 2021, restricted cash includes amounts due to users of $1,812,168 as required by the Malta Gaming Authority and $1,631,004 representing cash amounts available to users 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 consolidated statements of operations. At June 30, 2021 and 2020, the allowance for credit losses was not significant to the 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. A user initiates a deposit with a payment processor, and the payment processor remits the deposit to the Company. The amount due from the payment processor is recorded as a receivable reserved for users on the consolidated balance sheets. An allowance for doubtful accounts may be established if it is determined that the Company is unable to collect a receivable from a payment processor. An increase to the allowance for doubtful accounts is recognized as a loss within general and administrative expenses in the consolidated statements of operations. The allowance for doubtful accounts is not material to the consolidated financial statements.
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, or for leasehold improvements, the shorter of the initial lease term or the estimated useful life of the improvements. The estimated useful life of equipment by asset class follows: Computer Equipment Up to 5 years Furniture and fixtures Up to 7 years Leasehold improvements Shorter of the remaining lease term or estimated life of the improvement The estimated useful life and residual value of equipment are reviewed and adjusted, if appropriate, at the end of each reporting period. The 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 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 rather it is tested at least annually for impairment, or more often if events or changes in circumstances indicate that more likely than not the carrying amount of the asset may not be recoverable. Goodwill is tested for impairment at the reporting unit level. A reporting unit represents an operating segment or a component of an operating segment. Goodwill is tested for impairment by either performing a qualitative evaluation or a quantitative test. The qualitative evaluation is an assessment of factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. We may elect not to perform the qualitative assessment for some or all reporting units and perform a quantitative impairment test. The Company performs a quantitative impairment test for goodwill utilizing 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 discounted estimates of future cash flows include significant management assumptions such as revenue growth rates, operating margins, weighted average costs of capital, and future economic and market conditions. If the carrying value of the reporting unit exceeds fair value, goodwill is considered impaired and an impairment charge will be recorded to reduce the reporting unit to fair value. There was no goodwill recorded by the Company during the year ended June 30, 2020. There was no impairment of goodwill for the year ended June 30, 2021.
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 year ended June 30, 2020. There was no impairment of long-lived assets identified for the year ended June 30, 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 leases for office space through operating lease agreements that were a result of its acquisitions of Argyll, and Lucky Dino. The Company also leases properties and equipment, through its acquisition of Helix, that provide customers with in-person gaming experiences. The Company measures an operating lease right-of-use (“ROU”) asset and liability, as well as a finance lease asset and liability, 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 consolidated statements of operations. 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 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 consolidated statements of operations.
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 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 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 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 consolidated statements of operations. Refer to Note 18 for additional disclosures related to the change in fair value of derivative liabilities.
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. The fair value for other assets and liabilities such as cash, restricted cash, accounts receivable, receivables reserved for users, other receivables, prepaid expenses and other current assets, accounts payable and accrued expenses, and liabilities to customers have been determined to approximate carrying amounts due to the short maturities of these instruments. The Company believes that its indebtedness approximates fair value based on current yields for debt instruments with similar terms.
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 because their inclusion would have been antidilutive. 2021 2020 Common stock options $ 474,676 $ 51,942 Common stock warrants 5,350,558 5,264,592 Common stock issuable upon conversion of Senior Convertible Note 2,120,000 — Total $ 7,954,234 $ 5,316,534
Comprehensive Loss	Comprehensive Loss Comprehensive loss consists of the net loss for the year 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 year is included in the consolidated statements of comprehensive loss.
Foreign Currency	Foreign Currency The transaction currencies of the Company include the U.S. dollar, British Pound and Euro. The reporting currency of the Company is the U.S. Dollar. Assets 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. The Company recorded a foreign exchange transaction loss for the year ended June 30, 2021 of $440,452. The foreign exchange transaction gains and losses for the year ended June 30, 2020 were not material. Transaction gains and losses are reported within other non-operating income (loss) on the consolidated statements of operations.
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. Advertising expense for the years ended June 30, 2021 and 2020 was $10,038,524 and $322,517, respectively.
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 consolidated statements of operations. VAT receivables and VAT payables are included in other receivables and accounts payable and accrued expenses, respectively on the 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 consolidated statement of operations. Esports Gaming Service Revenue The Company derives revenue from the operation of esports game centers, sales of subscriptions to access cloud-based software used by independent operators of game centers, as well as from consulting and data analytic services provided to game operators. The revenue from the operation of esports centers by the Company is recognized when a customer purchases time to use the esports gaming equipment at each center. The revenue from time purchased by a customer and from the sale of food and beverages is recognized at the point of sale. The revenue derived from the sale of subscription services to cloud-based software used by game centers is recognized over the term of the contract, which generally can range from one month to one year in duration, beginning on the date the customer is provided access to the Company’s hosted software platform. The Company may further provide consultation services related to the use of hardware and equipment for gaming operations together with implementation services that include sourcing, training, planning, and installation of technology. The Company considers services related to hardware and equipment, implementation, and any design of user interface for the customer as separate performance obligations. Revenue for hardware equipment and design of custom user interface is recognized at a point in time upon delivery and completion. Implementation services are recognized over time, as services are performed. The Company also has contracts with software companies to provide talent data analytics and related esports services, which include analytic development, other related services to develop software and applications for tournaments, to provide data support, data gathering, gameplay analysis and reporting which includes talent analytics and related esports services, including analytic development, data analysis, survey design, interview services, player dossiers, and expert services. The Company recognizes revenue from its data analytic services over the life of the contract utilizing the output method, using a direct measurement of the value to the customer of the goods or services transferred to date relative to the remaining goods or services promised under the contact. The Company elected to use the right to invoice practical expedient and recognize revenue based on the amounts invoiced. The payment terms and conditions vary by contract; however, the Company’s terms generally require payment within 30 to 60 days from the invoice date. The Company may further enter partnership contracts with strategic customers within the esports industry. The partnership contracts are negotiated agreements, which contain both licensing arrangements of intellectual property and development services, including fixed and variable components. The variability of revenue is driven by development plans and results of sales as specified by the partnership contract, which are known as of an invoice date. Partnership contracts generally do not have terms that extend beyond one year. The Company considers licensing arrangements and development services as separate performance obligations. Licensing revenues are recorded over time. Revenue associated with development is recognized over time, as labor is incurred. Contracts that contain multiple performance obligations require an allocation of the transaction price to each distinct performance obligation based on a relative standalone selling price basis unless the transaction price is variable and meets the criteria to be allocated entirely to a performance obligation or to a distinct good or service that forms part of a single performance obligation. The Company determines standalone selling price based on the price at which the performance obligation is sold separately. If the standalone selling price is not observable through past transactions, the Company estimates the standalone selling price taking into our overall pricing objectives, taking into consideration market conditions and other factors, including the value of the deliverables in the contracts, customer demographics, geographic locations, and the number and types of users within the contracts. Esports Event Management and Team Service Revenue The Company derives revenue from esports event management and team services. Esports 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 esports 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 consolidated balance sheets. The Company may also enter 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 contractor, 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 records payments received in advance of performance under an esports gaming services contract or event management or team services contract as deferred revenue.
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 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). 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). 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)	12 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Schedule of Estimated Useful Life of Asset	The estimated useful life of equipment by asset class follows: Computer Equipment Up to 5 years Furniture and fixtures Up to 7 years Leasehold improvements Shorter of the remaining lease term or estimated life of the improvement
Schedule of Weighted Average Diluted Common Shares Outstanding	The following securities were excluded from weighted average diluted common shares outstanding because their inclusion would have been antidilutive. 2021 2020 Common stock options $ 474,676 $ 51,942 Common stock warrants 3,350,558 5,264,592 Common stock issuable upon conversion of Senior Convertible Note 2,120,000 — Total $ 5,954,234 $ 5,316,534

Business Acquisitions (Tables)

Business Acquisitions (Tables)	12 Months Ended
	Jun. 30, 2021
Acquisition of GGC [Member]
Schedule of Preliminary Purchase Price Allocation of Acquisition	A summary of the purchase consideration follows: Cash paid at closing $ 14,100,000 Loans receivable applied toward purchase consideration 900,000 Share consideration issued at closing 9,273,211 Total purchase price consideration $ 24,273,211 The allocation of assets acquired and liabilities assumed follows: Cash $ 6,023 Accounts receivable 102,701 Prepaid expenses and other current assets 97,083 Equipment 7,704 Intangible assets 16,300,000 Goodwill 11,445,832 Accounts payable and accrued expenses (263,132) Deferred tax liability (3,423,000 ) Total $ 24,273,211
Schedule of Fair Value of Acquired Intangible Assets	The acquired intangible assets, useful life and fair value determined at the acquisition date follows: Useful Life (years) Fair Value Tradename 10 $ 2,600,000 Developed technology 5 13,300,000 Customer relationships 5 400,000 Total $ 16,300,000
Acquisition of Helix [Member]
Schedule of Preliminary Purchase Price Allocation of Acquisition	A summary of the purchase consideration follows: Cash paid at closing $ 9,400,000 Loans receivable applied toward purchase consideration 600,000 Share consideration issued at closing 5,901,133 Total purchase price consideration $ 15,901,133 The allocation of assets acquired and liabilities assumed follows: Cash $ 35,309 Accounts receivable 3,054 Prepaid expenses and other current assets 76,933 Equipment 643,537 Operating lease right-of-use asset 803,503 Intangible assets 3,600,000 Goodwill 12,393,591 Other non-current assets 31,014 Deferred revenue (9,036 ) Deferred income taxes (756,000 ) Operating lease liability (803,503 ) Long-term debt (117,270 ) Total $ 15,901,133
Schedule of Fair Value of Acquired Intangible Assets	The acquired intangible assets, useful lives fair value determined at the acquisition date follows: Useful Life (years) Fair Value Tradename 10 $ 800,000 Developed technology 5 2,800,000 Total $ 3,600,000
Acquisition of Lucky Dino [Member]
Schedule of Preliminary Purchase Price Allocation of Acquisition	The allocation assets acquired and liabilities assumed follows: Restricted cash $ 1,203,185 Other receivables 131,111 Equipment 13,765 Operating lease right-of-use asset 371,898 Intangible assets 19,100,000 Goodwill 10,541,217 Other non-current assets 37,840 Accounts payable and accrued expenses (319,149 ) Liabilities to customers (574,244 ) Operating lease liability (371,898 ) Total $ 30,133,725
Schedule of Fair Value of Acquired Intangible Assets	The acquired intangible assets, useful lives and fair value determined at the acquisition date follows: Useful Life (years) Fair Value Tradename 10 $ 2,100,000 Gaming licenses 2 800,000 Developed technology 5 5,500,000 Player relationships 5 10,700,000 Total $ 19,100,000
Acquisition of EGL [Member]
Schedule of Preliminary Purchase Price Allocation of Acquisition	A summary of the purchase 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 allocation of assets acquired and liabilities assumed follows: Cash $ 4,036 Accounts receivable 141,031 Other receivables 32,923 Equipment 11,274 Intangible assets 1,371,789 Goodwill 1,978,668 Other non-current assets 5,382 Accounts payable and accrued expenses (118,157 ) Deferred revenue (95,062 ) Notes payable (68,589 ) Deferred income taxes (288,076 ) Total $ 2,975,219
Schedule of Fair Value of Acquired Intangible Assets	The acquired intangible assets, useful lives and 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
Summary of Changes in Fair Value of Contingent Considerstion	The following table summarizes the change in fair value of the Holdback Consideration that was settled by the Company through the payment of cash and issuance of common stock: Fair value of contingent share consideration at January 21, 2021 $ 300,000 Change in fair value contingent consideration 442,803 Payment of Holdback Consideration in cash (145,153 ) Stock issued of Holdback Contingent in shares (597,650 ) Fair value of contingent share consideration at June 30, 2021 $ —
Acquisition of Argyll [Member]
Schedule of Preliminary Purchase Price Allocation of Acquisition	A summary of the purchase consideration follows: Cash paid $ 1,250,000 Share consideration issued at closing 3,802,500 Fair value of warrants issued at closing 2,750,076 Total purchase price consideration $ 7,802,576 The allocation 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 4,143,224 Other non-current assets 1,130,034 Accounts payable and accrued expenses (2,471,244 ) Liabilities to customers (1,737,106 ) Notes payable (327,390 ) Operating lease liability (240,353 ) Deferred income taxes (1,540,043 ) Total $ 7,802,576
Schedule of Fair Value of Acquired Intangible Assets	The acquired intangible assets, useful lives and a fair value at the acquisition date follows: Useful Life (years) Fair Value Tradename 10 $ 1,440,516 Gaming licenses 2 916,692 Player interface 5 2,226,252 Player relationships 5 2,750,076 Total $ 7,333,536
Acquisition of Flip [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 allocation to the assets acquired follows: Intangible assets (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 June 30, 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 year ended June 30, 2021 2020 Net revenue $ 36,748,329 $ 35,321,912 Net loss $ (37,776,598 ) $ (20,556,084 ) Net loss per common share, basic and diluted $ (2.06 ) $ (1.84 )

Other Receivables (Tables)

Other Receivables (Tables)	12 Months Ended
	Jun. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Receivables	The components of other receivables follows: June 30, 2021 Marketing receivables from revenue partners $ 233,725 Receivable from revenue sharing arrangement 137,461 Other 287,559 Other receivables $ 658,745

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Jun. 30, 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: June 30, 2021 June 30, 2020 Prepaid marketing costs $ 1,727,669 $ — Prepaid insurance 175,620 159,941 Prepaid equity — 100,000 Other prepaid operating costs 1,361,055 3,404 Prepaid expenses and other current assets $ 3,264,344 $ 263,345

Equipment (Tables)

Equipment (Tables)	12 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of Equipment	Note 6 – Equipment The components of equipment follow: June 30, 2021 June 30, 2020 Computer equipment $ 258,049 $ 14,450 Furniture and equipment 249,070 20,241 Leasehold improvements 221,787 — Finance lease asset 117,979 — Equipment, at cost 846,885 34,691 Accumulated depreciation and finance lease amortization (119,943 ) (6,650 ) Equipment, net $ 726,942 $ 8,041

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	A summary of the changes in the balance of goodwill follows: Fiscal 2021 Goodwill, balance at beginning of year $ — Acquisitions 40,964,350 Foreign currency translation (26,890 ) Goodwill, balance at end of year $ 40,937,370
Schedule of Intangible Assets	The intangible asset balance was not material to the consolidated financial statements at June 30, 2020. The intangible amounts comprising the intangible asset balance at June 30, 2021 follows: Gross Carrying Amount Accumulated Amortization Net Carrying Amount Tradename $ 7,396,804 $ (257,018 ) $ 7,139,786 Developed technology and software 25,231,659 (1,242,605 ) 23,989,054 Gaming licenses 1,752,612 (573,876 ) 1,178,736 Player relationships 13,956,083 (1,253,135 ) 12,702,948 Internal-use software 777,171 (15,140 ) 762,031 Total $ 49,114,329 $ (3,341,774 ) $ 45,772,555
Schedule of Future Amortization of Intangible Assets	The estimated future amortization related to definite-lived of intangible assets, including amortization related to the preliminary allocation of fair value to the intangible assets of ggCircuit and Helix, follows: Fiscal 2022 $ 9,569,242 Fiscal 2023 9,032,065 Fiscal 2024 8,729,635 Fiscal 2025 8,729,635 Fiscal 2026 6,192,914 Thereafter 3,519,064 Total $ 45,772,555

Other Non-Current Assets (Table

Other Non-Current Assets (Tables)	12 Months Ended
	Jun. 30, 2021
Other Assets, Noncurrent Disclosure [Abstract]
Schedule of Other Non-Current Assets	The components of other non-current assets follows: June 30, 2021 June 30, 2020 Deposit for gaming duties $ 755,474 $ — iGaming deposits with service providers 434,738 — Rent deposit 91,253 — Other 33,544 6,833 Other non-current assets $ 1,315,009 $ 6,833

Account Payable and Accrued E_2

Account Payable and Accrued Expenses (Tables)	12 Months Ended
	Jun. 30, 2021
Payables and Accruals [Abstract]
Schedule of Account Payable and Accrued Expenses	The components of account payable and accrued expenses follows: June 30, 2021 June 30, 2020 Trade accounts payable $ 2,609,212 $ 499,343 Accrued marketing 1,582,470 — Accrued payroll and benefits 1,093,263 96,500 Accrued professional and other expenses 2,451,366 181,940 Accrued jackpot liabilities 432,504 — Accrued legal settlement (Note 13) 289,874 — Related party payable — 21,658 Total $ 8,458,689 $ 811,549

Leases (Tables)

Leases (Tables)	12 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Schedule of Assets and Liabilities Related to Operating Leases	The consolidated balance sheet allocation of assets and liabilities related to operating and finance leases follow: Consolidated Balance Sheet Caption June 30, 2021 Assets: Operating lease assets Operating lease right-of-use assets $ 1,272,920 Finance lease assets Equipment, net 114,540 Total lease assets $ 1,387,460 Liabilities: Current: Operating lease liabilities Operating lease liability - current $ 414,215 Finance lease liabilities Current portion of long-term debt 50,702 Long-term: Operating lease liabilities Operating lease liability - non-current 878,809 Finance lease liabilities Long-term debt 63,161 Total lease liabilities $ 1,406,887
Schedule of Weighted Average Remaining Lease Terms and Discount Rates	Weighted average remaining lease terms and discount rates follow: June 30, 2021 Weighted Average Remaining Lease Term (Years): Operating leases 4.11 Finance leases 2.50 Weighted Average Discount Rate: Operating leases 6.82 % Finance leases 8.00 %
Schedule of Maturity of Operating Lease Liability	The future minimum lease payments at June 30, 2021 follows: Operating Lease Finance Lease Fiscal 2022 $ 481,072 $ 50,702 Fiscal 2023 313,065 50,702 Fiscal 2024 323,065 25,352 Fiscal 2025 233,417 — Fiscal 2026 76,396 — Thereafter 58,564 — Total lease payments 1,485,579 126,756 Less: imputed interest 192,556 12,893 Present value of lease liabilities $ 1,293,023 $ 113,863

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt	The components of notes payable and other long-term follows: Notes payable $ 330,654 Finance lease obligation (See Note 11) 113,863 444,517 Less current portion of notes payable and long-term debt (223,217 ) Notes payable and other long-term debt $ 221,300
Schedule of Future Payments of Long-term Debt	The maturities of long-term debt follows: Fiscal 2022 $ 223,217 Fiscal 2023 37,334,193 Total before unamortized discount 37,557,410 Less: unamortized discount and issuance costs (30,810,389 ) Total debt $ 6,747,021

Revenue and Geographic Inform_2

Revenue and Geographic Information (Tables)	12 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated by Revenue	A disaggregation of revenue by type of service for the year ended June 30, 2021 follows: Fiscal 2021 Online betting and casino revenues $ 15,824,054 Esport service revenues 959,860 Total $ 16,783,914
Schedule of Revenues with Customers Disaggregated by Geographical Area	A summary of revenue by geography follows for the year ended June 30, 2021 follows: Fiscal 2021 United States $ 671,519 International 16,112,395 Total $ 16,783,914
Schedule of Long-Lived Assets by Geography	A summary of long-lived assets by geography follows: June 30, 2021 June 30, 2020 United States $ 48,144,926 $ 1,189 International 41,942,870 15,685 Total $ 90,087,796 $ 16,874

Equity (Tables)

Equity (Tables)	12 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Schedule of Warrant Activity	A summary of the warrant activity follows: Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Life (Years) Intrinsic Value Outstanding, July 1, 2019 727,779 $ 6.30 2.09 $ 2,563,939 Issued 6,570,302 4.44 Exercised (1,674,542 ) 4.59 Exchanged (288,722 ) 11.25 Forfeited or cancelled (70,225 ) 3.12 Outstanding, June 30, 2020 5,264,592 4.28 0.86 14,654,296 Issued 5,603,674 14.38 Exercised (5,503,167 ) 4.88 Forfeited or cancelled (14,541 ) 4.25 Outstanding, June 30, 2021 5,350,558 $ 14.19 3.14 $ 8,743,588
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 and July 1, 2019 51,942 $ 10.50 Granted 436,400 4.96 Exercised (5,333 ) 8.37 Cancelled (8,333 ) 7.09 Outstanding, June 30, 2021 474,676 5.49
Schedule of Weighted Average Assumptions Valued Using Black-Scholes Option Pricing Model	The options granted during the year ended June 30, 2021 were valued using the Black-Scholes option pricing model using the following weighted average assumptions: The Year Ended June 30, 2021 Expected term, in years 2.76 Expected volatility 132.60 % Risk-free interest rate 0.32 % Dividend yield — Grant date fair value $ 3.41

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of Income (loss) Before Income Taxes	The income (loss) before income taxes follows: Fiscal 2021 Fiscal 2020 United States $ (19,987,348 ) $ (10,242,024 ) International (10,196,922 ) (106,993 ) Total loss before income taxes $ (30,184,270 ) $ (10,349,017 )
Schedule of Provision (benefit) from Income Taxes	The provision (benefit) from income taxes follows: Fiscal 2021 Fiscal 2020 Current: Federal $ 300,000 $ 2,398 State — — Foreign 24,722 — Total current 324,722 2,398 Deferred: Federal (4,136,258 ) — State — — Foreign — — Total deferred (4,136,258 ) — Income tax provision (benefit) $ (3,811,536 ) $ 2,398
Schedule of Reconciliation of Income Tax Expense Computed at the U.s. Federal Statutory Rate	The reconciliation of the expected tax expense (benefit) based on U.S. federal statutory rate of 21% with the actual expense follows: Fiscal 2021 Fiscal 2020 U.S. federal statutory rate $ (6,338,697 ) $ (2,173,293 ) Change in valuation allowance 1,133,233 863,264 Foreign tax rate and other foreign tax (150,274 ) (5,953 ) Non-deductible warrant revaluations 325,484 Non-deductible revaluation of contingent consideration 367,207 Change in fair value of derivatives — 510,783 Debt restructure — 797,981 Acquisition costs 521,235 — Other 330,276 9,616 Income tax provision $ (3,811,536 ) $ 2,398
Schedule Deferred Tax Assets	Significant components of the Company’s deferred tax assets and liabilities consist of the following: Fiscal 2021 Fiscal 2020 Assets: Net operating losses $ 9,728,136 $ 1,864,962 Nonqualified stock options 382,974 187,209 Stock compensation payable — 190,370 Depreciation and amortization 452,388 — Other 26,264 — Gross deferred tax assets 10,589,762 2,242,541 Deferred tax liabilities Acquired intangible assets (5,593,787 ) — Net deferred tax assets 4,995,975 2,242,541 Valuation allowance (6,866,836 ) (2,242,541 ) Deferred tax liabilities, net $ (1,870,861 ) $ —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Instruments	The following financials instruments were measured at fair value on a recurring basis: June 30, 2021 Total Level 1 Level 2 Level 3 Warrant liability (Senior Convertible Note) $ 23,500,000 $ - $ - $ 23,500,000
Schedule of Fair Value of Assets and Liabilities	There were no assets or liabilities measured at fair value on a recurring basis at June 30, 2020 as derivative liabilities and warrant liabilities were settled in connection with the public offering and conversion of debt discussed in Note 13. A summary of the changes in Level 3 financial instruments follows: Balance at June 30, 2019 $ 4,655,031 Change due to warrant exercise (1,222,602 ) Change due to extinguishment of debt (1,426,323 ) Change due to acquired amended and restated note 2,504,127 Change due to issuance of warrants 1,851,892 Change in fair value of derivative liabilities (2,134,592 ) Change in fair value of warrant liabilities (297,706 ) Change due to redemption of convertible debt (196,297 ) Change due to extinguishment of warrant liabilities upon Warrant Exchange (3,583,442 ) Change due to extinguishment of derivative liabilities upon conversion of notes (4,793,462 ) Change due to extinguishment of derivative upon exchange of derivative warrants (221,222 ) Balance at June 30, 2020 — Fair value of warrants issued for Argyll acquisition (“Argyll Warrant Liability”) (Note 3) 2,750,076 Revaluation of Argyll warrant liability for warrants issued in Argyll Acquisition (Note 16) 4,729,924 Settlement of Argyll warrant liability (Note 16) (7,480,000 ) Issuance of Series A and Series B warrants with Senior Convertible Note (Note 12) 26,680,000 Revaluation of Series A and Series B Warrants issued with Senior Convertible Note (Note 12) (3,180,000 ) Balance at June 30, 2021 $ 23,500,000
Schedule of Warrants Outstanding	The warrants outstanding at June 30, 2021 issued with the Senior Convertible Note were valued using a Monte Carlo based valuation model with the following assumptions: June 30, 2021 Contractual term, in years 2.00 – 4.00 Expected volatility 120% – 140 % Risk-free interest rate 0.24% – 0.65 % Dividend yield — Conversion / exercise price $ 17.50

Subsequent Events (Tables)

Subsequent Events (Tables)	12 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Schedule of Contingent Consideration	The preliminary estimate of the purchase consideration follows pending the completion of the valuation of contingent consideration: Cash paid at closing $ 15,346,019 Cash consideration payable by October 14, 2021 (Additional Payment Due Date) 4,721,852 Contingent cash consideration 7,500,000 Contingent share consideration 2,242,880 Total purchase price consideration $ 29,810,751
Schedule of Pro Forma Information	The actual results of operations may differ materially from the pro forma amounts included in the table below. Pro Forma for the year ended June 30, 2021 2020 Net revenue $ 27,217,991 $ 32,482,076 Net loss $ (13,677,602 ) $ (13,251,236 ) Net loss per common share, basic and diluted $ (0.87 ) $ (1.93 )

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative)	Oct. 12, 2021USD ($)	Oct. 12, 2021EUR (€)	Jun. 30, 2021USD ($)Segment	Jun. 30, 2020USD ($)	Sep. 30, 2021USD ($)
Number of reportable segment | Segment			1
Cash on hand			$ 19,900,000
Proceeds from issuance of common stock				$ 100,000
Deposit funds exceeded FDIC insured limits amount			250,000
Restricted cash			3,443,172
Goodwill			40,937,370
Impairment of intangible assets				67,132
Foreign exchange transaction			440,452
Advertising expense			$ 10,038,524	$ 322,517
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
Users in Other Jurisdictions [Member]
Restricted cash			$ 1,631,004
Malta Gaming Authority [Member]
Restricted cash			$ 1,812,168
Subsequent Event [Member]
Cash on hand	$ 2,400,000
Cash payment on acquisition	15,346,019
Proceeds from issuance of common stock	$ 20,000,000
Subsequent Event [Member] | General and Administrative Expense [Member]
Cash on hand
Subsequent Event [Member] | Euro [Member]
Cash payment on acquisition | €		€ 13,000,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Estimated Useful Life of Asset (Details)	12 Months Ended
	Jun. 30, 2021
Computer Equipment [Member]
Estimated useful life	5 years
Furniture and Fixtures [Member]
Estimated useful life	7 years
Leasehold Improvements [Member]
Estimated useful lives	Shorter of the remaining lease term or estimated life of the improvement

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Weighted Average Diluted Common Shares Outstanding (Details) - shares	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Weighted average diluted common shares outstanding for antidilutive	7,954,234	5,316,534
Common Stock Options [Member]
Weighted average diluted common shares outstanding for antidilutive	474,676	51,942
Common Stock Warrants [Member]
Weighted average diluted common shares outstanding for antidilutive	5,350,558	5,264,592
Senior Convertible Note [Member]
Weighted average diluted common shares outstanding for antidilutive	2,120,000

Business Acquisitions (Details

Business Acquisitions (Details Narrative)	Jun. 01, 2021USD ($)$ / sharesshares	May 14, 2021USD ($)	Mar. 31, 2021USD ($)	Mar. 03, 2021USD ($)shares	Mar. 01, 2021USD ($)	Mar. 01, 2021GBP (£)	Jan. 21, 2021USD ($)shares	Jan. 21, 2021GBP (£)shares	Sep. 03, 2020USD ($)shares	Jul. 31, 2020USD ($)$ / sharesshares	Jun. 30, 2021USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)
Payment to acquire business net													$ 28,930,540
Shares issued during period acquisitions, value													3,802,500
GGC Loans [Member]
Purchase price consideration														600,000
Payment to acquire business	$ 900,000		$ 1,200,000
Helix Loans [Member]
Purchase price consideration													400,000	400,000
Payment to acquire business	600,000		$ 800,000
Acquisition of GGC [Member]
Purchase price consideration	24,273,211													$ 600,000
Payment to acquire business	14,100,000
Payment to acquire business net	14,993,977
Cash acquired	$ 6,023
Shares issued during period acquisitions | shares	830,189
Shares issued during period acquisitions, value	$ 9,273,211
Shares issued | $ / shares	$ 13.25
Business acquisitions purchase price, description														If acquisition of GGC were to close after April 30, 2021, but on or prior to May 14, 2021, the Company was to receive full credit toward the purchase price for the GGC Loans, and a credit toward the purchase price equal to 60% of the GGC Operating Expense Payments. If the acquisition closed after May 14, 2021, the Company was to receive full credit toward the purchase price for the GGC Loans, and a credit toward the purchase price equal to 50% of the GGC Operating Expense Payments. The acquisition did not close by May 14, 2021, and therefore the Company had forgiven 50% of the GGC Operating Expense Payments or $300,000 and applied the remaining balance of the total loans receivable, or $900,000 toward the purchase price of GGC.
Forgiveness of loan receivable		$ 300,000											300,000
Consideration payable	$ 900,000
Translation expenses													801,317
Change in fair value of business combination													100,000
Consideration for equity issuable	9,273,211
Acquisition of Helix [Member]
Purchase price consideration	17,000,000													$ 400,000
Payment to acquire business	9,400,000
Payment to acquire business net	9,964,691
Cash acquired	$ 35,309
Shares issued during period acquisitions | shares	528,302
Shares issued during period acquisitions, value	$ 5,901,133
Shares issued | $ / shares	$ 13.25
Business acquisitions purchase price, description														If acquisition of Helix were to close after April 30, 2021, but on or prior to May 14, 2021, the Company was to receive full credit toward the purchase price for the Helix Loans, and a credit toward the purchase price equal to 60% of the Helix Operating Expense Payments. If the acquisition closed after May 14, 2021, the Company was to receive full credit toward the purchase price for the Helix Loans, and a credit toward the purchase price equal to 50% of the Helix Operating Expense Payments. The acquisition did not close by May 14, 2021, and therefore the Company had forgiven 50% of the Helix Operating Expense Payments or $200,000 and applied the remaining balance of the total loans receivable, or $600,000 toward the purchase price of Helix.
Forgiveness of loan receivable		200,000											200,000
Consideration payable	$ 600,000
Translation expenses													604,603
Change in fair value of business combination		$ 100,000
Consideration for equity issuable	$ 5,901,133
Acquisition of Lucky Dino [Member]
Purchase price consideration					$ 30,133,725
Payment to acquire business net					28,930,540
Cash acquired					$ 1,203,185
Translation expenses													1,280,766
Acquisition of Lucky Dino [Member] | GBP [Member]
Purchase price consideration | £						£ 25,000,000
Payment to acquire business net | £						24,001,795
Cash acquired | £						£ 998,205
Acquisition of EGL [Member]
Purchase price consideration							$ 2,975,219
Payment to acquire business							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 payable							622,503
Change in fair value of business combination											$ 442,803
Consideration for equity issuable							$ 2,193,833				$ 597,650
Holdback Consideration [Member]
Shares issued during period acquisitions | shares							63,109	63,109
Consideration payable							$ 145,153
Change in fair value of business combination							597,650						442,803
Consideration for equity issuable							300,000
Earnout consideration							$ 2,750,000
Holdback Consideration [Member] | GBP [Member]
Earnout consideration | £								£ 2,000,000
LHE Enterprises Limited [Member] | Argyll Purchase Agreement [Member]
Purchase price consideration										$ 7,802,576
Payment to acquire business										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] | General and Administrative Expense [Member]
Purchase price consideration													$ 2,738,095
LHE Enterprises Limited [Member] | Argyll Purchase Agreement [Member] | Cash [Member]
Purchase price consideration										$ 1,250,000
LHE Enterprises Limited [Member] | Maximum [Member] | Argyll Purchase Agreement [Member]
Warrant to purchase common stock | shares										1,000,000
Flip Sports Limited [Member]
Purchase price consideration									$ 1,011,817
Payment to acquire business									$ 100,000
Shares issued during period acquisitions | shares				93,808					93,808
Shares issued during period acquisitions, value				$ 1,805,804					$ 411,817
Change in fair value of business combination				$ 1,305,804								$ 1,305,804
Consideration for equity issuable									411,817			$ 1,805,804
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 ($)	Jun. 01, 2021	Mar. 01, 2021	Jan. 21, 2021	Sep. 03, 2020	Jul. 31, 2020	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020
Goodwill						$ 40,937,370	$ 40,937,370
Acquisition of GGC [Member]
Cash	$ 14,100,000
Loans receivable applied toward purchase consideration	900,000
Share consideration issued at closing	9,273,211
Total purchase price consideration	24,273,211							600,000
Cash	6,023
Accounts receivable	102,701
Prepaid expenses and other current assets	97,083
Equipment	7,704
Intangible assets	16,300,000
Goodwill	11,445,832
Accounts payable and accrued expenses	(263,132)
Deferred income tax liability	(3,423,000)
Total	24,273,211
Acquisition of Helix [Member]
Cash	9,400,000
Loans receivable applied toward purchase consideration	600,000
Share consideration issued at closing	5,901,133
Total purchase price consideration	17,000,000							$ 400,000
Cash	35,309
Accounts receivable	3,054
Prepaid expenses and other current assets	76,933
Equipment	643,537
Intangible assets	3,600,000
Operating lease right-of-use asset	803,503
Goodwill	12,393,591
Other non-current assets	31,014
Deferred revenue	(9,036)
Deferred income tax liability	(756,000)
Operating lease liability	(803,503)
Long-term debt	(117,270)
Total	$ 15,901,133
Acquisition of Lucky Dino [Member]
Total purchase price consideration		$ 30,133,725
Restricted cash		1,203,185
Other receivables		131,111
Equipment		13,765
Intangible assets		19,100,000
Operating lease right-of-use asset		371,898
Goodwill		10,541,217
Other non-current assets		37,840
Accounts payable and accrued expenses		(319,149)
Liabilities to customers		(574,244)
Operating lease liability		(371,898)
Total		$ 30,133,725
Acquisition of EGL [Member]
Cash			$ 481,386
Loans receivable applied toward purchase consideration			622,503
Share consideration issued at closing			2,193,833			$ 597,650
Holdback Consideration			300,000
Total purchase price consideration			2,975,219
Cash			4,036
Accounts receivable			141,031
Other receivables			32,923
Equipment			11,274
Intangible assets			1,371,789
Goodwill			1,978,668
Other non-current assets			5,382
Accounts payable and accrued expenses			(118,157)
Deferred revenue			(95,062)
Notes payable			(68,589)
Deferred taxes			(288,076)
Total			$ 2,975,219
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					4,143,224
Other non-current assets					1,130,034
Accounts payable and accrued expenses					(2,471,244)
Deferred income tax liability					(1,540,043)
Notes payable					(327,390)
Liabilities to customers					(1,737,106)
Operating lease liability					(240,353)
Total					7,802,576
Acquisition of Argyll [Member] | Warrants [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				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 ($)	Jun. 01, 2021	Mar. 01, 2021	Jan. 21, 2021	Jul. 31, 2020
Acquisition of GGC [Member]
Fair value Intangible assets	$ 16,300,000
Acquisition of GGC [Member] | Trade Name [Member]
Acquired intangible assets, useful lives (years)	10 years
Fair value Intangible assets	$ 2,600,000
Acquisition of GGC [Member] | Developed Technology [Member]
Acquired intangible assets, useful lives (years)	5 years
Fair value Intangible assets	$ 13,300,000
Acquisition of GGC [Member] | Customer Relationships [Member]
Acquired intangible assets, useful lives (years)	5 years
Fair value Intangible assets	$ 400,000
Acquisition of Helix [Member]
Fair value Intangible assets	$ 3,600,000
Acquisition of Helix [Member] | Trade Name [Member]
Acquired intangible assets, useful lives (years)	10 years
Fair value Intangible assets	$ 800,000
Acquisition of Helix [Member] | Developed Technology [Member]
Acquired intangible assets, useful lives (years)	5 years
Fair value Intangible assets	$ 2,800,000
Acquisition of Lucky Dino [Member]
Fair value Intangible assets		$ 19,100,000
Acquisition of Lucky Dino [Member] | Trade Name [Member]
Acquired intangible assets, useful lives (years)		10 years
Fair value Intangible assets		$ 2,100,000
Acquisition of Lucky Dino [Member] | Developed Technology [Member]
Acquired intangible assets, useful lives (years)		5 years
Fair value Intangible assets		$ 5,500,000
Acquisition of Lucky Dino [Member] | Gaming Licenses [Member]
Acquired intangible assets, useful lives (years)		2 years
Fair value Intangible assets		$ 800,000
Acquisition of Lucky Dino [Member] | Player Relationships [Member]
Acquired intangible assets, useful lives (years)		5 years
Fair value Intangible assets		$ 10,700,000
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
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] | Player Relationships [Member]
Acquired intangible assets, useful lives (years)				5 years
Fair value Intangible assets				$ 2,750,076
Acquisition of Argyll [Member] | Gaming License [Member]
Acquired intangible assets, useful lives (years)				2 years
Fair value Intangible assets				$ 916,692

Business Acquisitions - Summary

Business Acquisitions - Summary of Changes in Fair Value of Contingent Considerstion (Details) - USD ($)	Mar. 03, 2021	Jan. 21, 2021	Sep. 03, 2020	Jun. 30, 2021	Jun. 30, 2021
Flip Sports Limited [Member]
Fair value of contingent share consideration at September 3, 2020			$ 500,000		$ 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
Acquisition of EGL [Member]
Change in fair value contingent consideration				442,803
Payment of Holdback Consideration in cash				(145,153)
Stock issued settlement of contingent share consideration (March 3, 2021)		$ (2,193,833)		(597,650)
Fair value of contingent share consideration at March 31, 2021

Business Acquisitions - Sched_3

Business Acquisitions - Schedule of Unaudited Pro Forma Operating Results (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Business Combinations [Abstract]
Net revenue	$ 36,748,329	$ 35,321,912
Net loss	$ 37,776,598	$ (20,556,084)
Net loss per common share, basic and diluted	$ 2.06	$ (1.84)

Other Receivables (Details Narr

Other Receivables (Details Narrative) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other receivables	$ 658,745

Other Receivables - Schedule of

Other Receivables - Schedule of Other Receivables (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Marketing receivables from revenue partners	$ 233,725
Receivable from revenue sharing arrangement	137,461
Other	287,559
Other receivables	$ 658,745

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid marketing costs	$ 1,727,669
Prepaid insurance	175,620	159,941
Prepaid equity		100,000
Other prepaid operating costs	1,361,055	3,404
Prepaid expenses and other current assets	$ 3,264,344	$ 263,345

Equipment (Details Narrative)

Equipment (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 111,380	$ 8,537

Equipment - Schedule of Equipme

Equipment - Schedule of Equipment (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Equipment, at cost	$ 846,885	$ 34,691
Accumulated depreciation and finance lease amortization	(119,943)	(6,650)
Equipment, net	726,942	8,041
Computer Equipment [Member]
Equipment, at cost	258,049	14,450
Furniture and Fixtures [Member]
Equipment, at cost	249,070	20,241
Leasehold Improvements [Member]
Equipment, at cost	221,787
Finance Lease Asset [Member]
Equipment, at cost	$ 117,979

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense of intangible assets	$ 3,304,872	$ 67,132

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Goodwill (Details)	12 Months Ended
	Jun. 30, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, balance at beginning of year
Acquisitions	40,964,350
Foreign currency translation	(26,890)
Goodwill, balance at end of year	$ 40,937,370

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details)	Jun. 30, 2021USD ($)
Gross Carrying Amount	$ 49,114,329
Accumulated Amortization	(3,341,774)
Net Carrying Amount	45,772,555
Trade Name [Member]
Gross Carrying Amount	7,396,804
Accumulated Amortization	(257,018)
Net Carrying Amount	7,139,786
Developed Technology and Software [Member]
Gross Carrying Amount	25,231,659
Accumulated Amortization	(1,242,605)
Net Carrying Amount	23,989,054
Gaming Licenses [Member]
Gross Carrying Amount	1,752,612
Accumulated Amortization	(573,876)
Net Carrying Amount	1,178,736
Player Relationships [Member]
Gross Carrying Amount	13,956,083
Accumulated Amortization	(1,253,135)
Net Carrying Amount	12,702,948
Internal-use Software [Member]
Gross Carrying Amount	777,171
Accumulated Amortization	(15,140)
Net Carrying Amount	$ 762,031

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Future Amortization of Intangible Assets (Details)	Jun. 30, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Fiscal 2022	$ 9,569,242
Fiscal 2023	9,032,065
Fiscal 2024	8,729,635
Fiscal 2025	8,729,635
Fiscal 2026	6,192,914
Thereafter	3,519,064
Total	$ 45,772,555

Other Non-Current Assets - Sche

Other Non-Current Assets - Schedule of Other Non-Current Assets (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Other Assets, Noncurrent Disclosure [Abstract]
Deposit for gaming duties	$ 755,474
iGaming deposits with service providers	434,738
Rent deposit	91,253
Other	33,544	6,833
Other non-current assets	$ 1,315,009	$ 6,833

Account Payable and Accrued E_3

Account Payable and Accrued Expenses - Schedule of Account Payable and Accrued Expenses (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Payables and Accruals [Abstract]
Trade accounts payable	$ 2,609,212	$ 499,343
Accrued marketing	1,582,470
Accrued payroll and benefits	1,093,263	96,500
Accrued professional and other expenses	2,451,366	181,940
Accrued jackpot liabilities	432,504
Accrued legal settlement (Note 13)	289,874
Related party payable		21,658
Total	$ 8,458,689	$ 811,549

Related Party Transactions (Det

Related Party Transactions (Details Narrative)	12 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021GBP (£)
Related party charges	$ 96,020	$ 43,107
Consultant Agreements [Member]
Monthly consultancy payments	24,842
Employment Agreement [Member]
Monthly employee payroll	500
GBP [Member] | Consultant Agreements [Member]
Monthly consultancy payments | £			£ 18,000
Chief Executive Officer [Member]
Charges incurred	$ 4,800
Rent payments		$ 21,658

Leases (Details Narrative)

Leases (Details Narrative)	12 Months Ended
	Jun. 30, 2021USD ($)
Leases [Abstract]
Operating lease expenses	$ 156,543
Finance lease expense	$ 2,039

Leases - Schedule of Assets and

Leases - Schedule of Assets and Liabilities Related to Operating Leases (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Operating lease assets	$ 1,272,920
Finance lease assets	114,540
Total lease assets	1,387,460
Operating lease liabilities, current	414,215
Operating lease liabilities, noncurrent	878,809
Total lease liabilities	1,406,887
Financial Lease Assets [Member]
Finance lease assets	114,540
Financial Lease Liabilities [Member]
Finance lease liabilities, current	50,702
Finance lease liabilities, noncurrent	$ 63,161

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Terms and Discount Rates (Details)	Jun. 30, 2021
Leases [Abstract]
Operating leases: Weighted average remaining useful life (years)	4 years 1 month 9 days
Finance leases: Weighted average remaining useful life (years)	2 years 6 months
Operating leases: Weighted average discount rate	6.82%
Finance leases: Weighted average discount rate	8.00%

Leases - Schedule of Maturity o

Leases - Schedule of Maturity of Operating Lease Liability (Details)	Jun. 30, 2021USD ($)
Operating Lease Fiscal 2022	$ 481,072
Operating Lease Fiscal 2023	313,065
Operating Lease Fiscal 2024	323,065
Operating Lease Fiscal 2025	233,417
Operating Lease Fiscal 2026	76,396
Operating Lease Thereafter	58,564
Operating Lease: Total lease payments	1,485,579
Operating Lease Less: imputed interest	192,556
Operating Lease: Present value of lease liabilities	1,293,023
Finance Lease Fiscal 2022	50,702
Finance Lease Fiscal 2023	50,702
Finance Lease Fiscal 2024	25,352
Finance Lease Fiscal 2025
Finance Lease Fiscal 2026
Finance Lease Thereafter
Finance Lease: Total lease payments	126,756
Finance Lease Less: imputed interest	12,893
Financial Lease Liabilities [Member]
Finance Lease: Present value of lease liabilities	$ 113,863

Long-term Debt (Details Narrati

Long-term Debt (Details Narrative)	Jun. 02, 2021USD ($)$ / sharesshares	Oct. 09, 2019shares	Oct. 08, 2019shares	Oct. 13, 2021shares	Mar. 31, 2021USD ($)	Mar. 31, 2021GBP (£)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021GBP (£)
Notes payable							$ 330,654
Interest expense							698,973	$ 1,995,458
Proceeds from issuance of note								1,160,000
Number of shares issued | shares		11,248	41,780
Gain on warrants								(297,706)
Amortization of the debt discount							467,504	$ 1,156,887
Senior Convertible Note [Member]
Interest expense							693,059
Debt principal amount	$ 35,000,000						$ 37,100,000
Proceeds from issuance of note	32,500,000
Debt issuance cost	$ 2,500,000
Maturity date	Jun. 2, 2023
Debt interest description				In addition, the Company requested and received an amendment to the Senior Convertible Note wherein the permitted ratio of outstanding debt to market capitalization was increased temporarily from 25% to 35% through December 25, 2021.			The Senior Convertible Note matures of June 2, 2023, at which time the Company is required to repay the original principal balance and a "minimum return" equal to 6% of any outstanding principal. The aggregate principal of the Senior Convertible Note repayable at maturity is $37,100,000. The notes accrue interest at rate of 8% per annum payable in cash monthly.
Fair value of warrants							$ 26,680,000
Conversion price | $ / shares	$ 17.50
Debt floor price | $ / shares	$ 2.1832
Debt redemption price	106.00%
Debt premium payable percentage	15.00%
Amortization of the debt discount							467,503
Senior Convertible Note [Member] | Note Holder [Member]
Debt interest description	The noteholder will not have the right to convert any portion of a Senior Convertible Note, to the extent that, after giving effect to such conversion, the holder, together with certain related parties, would beneficially own in excess of 4.99% of the shares of our common stock outstanding immediately after giving effect to such conversion. The holder may from time to time increase this limit to 9.99%, provided that any such increase will not be effective until the 61st day after delivery of a notice to us of such increase.
Debt redemption price	115.00%
Common stock outstanding shares, percentage	19.99%
Debt, redemption, description	The redemption price per share will equal the greatest of (i) 115% of the outstanding principal of the Senior Convertible Note to be redeemed, and accrued and unpaid interest and unpaid late charges thereon, (ii) 115% of the market value of the shares of our common stock underlying the Senior Convertible Note, as determined in accordance with the Senior Convertible Note, and (iii) 115% of the aggregate cash consideration that would have been payable in respect of the shares of our common stock underlying the Senior Convertible Note, as determined in accordance with the Senior Convertible Note.
Debt conversion, amount	$ 7,500,000
Senior Convertible Note [Member] | Minimum [Member]
Number of shares issued | shares				200,000
Senior Convertible Note [Member] | Series A Warrants [Member]
Number of shares issued | shares	2,000,000
Fair value of warrants	$ 15,320,000
Number of warrants issued | shares	2,000,000
Exercise price per share | $ / shares	$ 17.50
Senior Convertible Note [Member] | Series B Warrants [Member]
Number of shares issued | shares	2,000,000
Fair value of warrants	$ 11,360,000
Number of warrants issued | shares	2,000,000
Exercise price per share | $ / shares	$ 17.50
Senior Convertible Note [Member] | Warrants [Member]
Warrant description	The Series A Warrants and B Warrants are callable by the Company should the volume weighted average share price of the Company exceed $32.50 for each of 30 consecutive trading days following the date such warrants become eligible for exercise. The Series A Warrants and Series B Warrants also contain a beneficial ownership limitation of 4.99% which may be increased or decreased up to 9.99%, provided that any such increase will not be effective until the 61st day after delivery of a notice to us of such increase.
Senior Convertible Note [Member] | Series A and B Warrants [Member]
Gain on warrants							3,180,000
GBP [Member]
Notes payable | £									£ 239,583
Term Loan Facility [Member]
Repayment of principal amount					$ 69,257
Term Loan Facility [Member] | Notes Payable [Member]
Interest expense							962
Term Loan Facility [Member] | GBP [Member]
Repayment of principal amount | £						£ 50,000
Argyll Entertainment [Member] | Term Loan Facility [Member]
Term loan amount							$ 327,390
Debt term							3 years
Credit facility interest rate							3.49%
Debt description							The monthly principal and interest payments on the notes payable commenced in June 2021 and continue for two years through May 2023.
Argyll Entertainment [Member] | Term Loan Facility [Member] | GBP [Member]
Term loan amount | £									250,000
Esports Gaming League [Member] | Term Loan Facility [Member]
Term loan amount							$ 68,589
Esports Gaming League [Member] | Term Loan Facility [Member] | GBP [Member]
Term loan amount | £									£ 50,000

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-term Debt (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Debt Disclosure [Abstract]
Notes payable	$ 330,654
Finance lease obligation (Note 11)	113,863
Total debt	444,517
Less current portion of notes payable and long-term debt	(223,217)
Notes payable and other long-term debt	$ 221,300

Long-Term Debt - Schedule of Fu

Long-Term Debt - Schedule of Future Payments of Long-term Debt (Details)	Jun. 30, 2021USD ($)
Debt Disclosure [Abstract]
Fiscal 2022	$ 223,217
Fiscal 2023	37,334,193
Total before unamortized discount	37,557,410
Less: unamortized discount and issuance costs	(30,810,389)
Total debt	$ 6,747,021

Public Offering and Conversio_2

Public Offering and Conversion of Debt (Detail Narrative) - USD ($)	Apr. 16, 2021	Feb. 11, 2021	Dec. 16, 2019	Nov. 19, 2019	Oct. 11, 2019	Oct. 09, 2019	Oct. 08, 2019	Aug. 29, 2019	Aug. 14, 2019	Jul. 17, 2019	Nov. 13, 2018	Jun. 30, 2021	Jun. 30, 2020	Nov. 13, 2019	Jun. 03, 2016
Proceeds from common stock													$ 100,000
Stock issued during period, value issued													6,771,440
Additional paid in capital												$ 122,341,002	31,918,491
Gain loss on extinguishment of debt													$ (2,795,582)
Option to purchase additional shares												436,400	436,400
Debt interest rate															8.00%
Payment of financing cost												$ 2,485,000	$ 1,844,268
Stock issued during the period, shares						11,248	41,780
Amortization expense												$ 467,504	1,156,887
Joseph Gunnar & Co., LLC [Member]
Exercise price per share												$ 11.25
Warrants to purchase common stock												20,778
Cash compensation												$ 85,000
Warrant expiration date, description												The Agent Warrants may be exercised on a "cashless" basis and expire August 14, 2024 and August 29, 2024.
2018 Senior Convertible Notes [Member]
Exercise price per share											$ 11.25
Debt instrument face value											$ 2,200,000
Debt interest rate											5.00%
Percentage for original issue discount											10.00%
Warrants to purchase common stock											244,445
Proceeds from warrants issuances											$ 2,000,000
Payment of financing cost											$ 336,193
Conversion price											$ 9
Shares issued price per share											$ 9
Warrants exercisable maturity date											Nov. 13, 2021
Amended and Restated Note [Member]
Gain loss on extinguishment of debt													2,795,582
Debt instrument face value										$ 2,860,000
Notes payable										4,476,412
Deemed premium										$ 1,616,412
Deferred financing fees												$ 50,000
Amortization expense													1,616,412
Bridge Note [Member]
Debt interest rate												5.00%
Conversion price												$ 9
Debt instrument conversion rate												80.00%
Debt instrument description												The Bridge Notes also contained a mandatory conversion mechanism whereby unpaid principal and accrued interest on the Bridge Notes, upon the closing of a Qualified Offering (as defined therein) converts into the securities offered in such a Qualified Offering at the lower of (i) the Conversion Price and (ii) 80% of the offering price in the Qualified Offering. The Bridge Notes contain customary events of default (each an "Event of Default") and mature on August 14, 2020, August 29, 2020, October 16, 2020 and December 6, 2020. If an Event of Default occurs, the outstanding principal amount of the Bridge Notes, plus accrued but unpaid interest, liquidated damages and other amounts owing with respect to the Bridge Notes will become, at the holder's election, immediately due and payable in cash at the "Mandatory Default Amount". The Mandatory Default Amount means the sum of 130% of the outstanding principal amount of the Bridge Notes plus accrued and unpaid interest, including default interest of 18% per year, and all other amounts, costs, expenses and liquidated damages due in respect of the Bridge Notes.
Common Stock [Member]
Stock issued during period, value issued													$ 1,980
Stock issued during the period, shares													1,980,000
April Offering [Member]
Sale of stock units	1,980,000
Public offering price	$ 4.25
Proceeds from common stock	$ 6,771,440
Stock issued during period, value issued	$ 1,217,241
Number of warrants issued	2,434,482
Exercise price per share	$ 4.25
Conversion of convertible debt	$ 4,138,585
Additional paid in capital	4,793,462
Payment of debt	125,000
Gain loss on extinguishment of debt	$ 153,401
April Offering [Member] | Common Stock [Member]
Option to purchase additional shares	297,000
April Offering [Member] | Unit A Warrant [Member]
Option to purchase additional shares	297,000
April Offering [Member] | Unit B Warrant [Member]
Option to purchase additional shares	297,000
Underwriting Agreement [Member] | Over-Allotment Option [Member]
Proceeds from excerise warrants	$ 823,759
Underwriting Agreement [Member] | Unit A Warrant [Member]
Exercise price per share	$ 0.01
Option to purchase additional shares	209,400
Underwriting Agreement [Member] | Unit B Warrant [Member]
Exercise price per share	$ 0.01
Option to purchase additional shares	209,400
November 2018 Offering [Member]
Number of warrants issued												48,889
Exercise price per share												$ 11.25
Warrants exercisable maturity date												Dec. 12, 2023
Additional paid in capital upon fair value of warrants and derivative feature												$ 221,222
Waiver Agreements [Member]
Exercise price per share													$ 11.25
Stock issued during the period, shares													5,435
Waiver Agreements [Member] | Investors [Member] | November 2018 Offering [Member]
Exercise price per share														$ 11.25
Percentage for consideration offering										30.00%
Debt instrument maturity date				Feb. 14, 2020
Stock issued during the period, shares				5,435
Interest expense				$ 26,902
Percentage for warrants common stock														5.00%
Waiver Agreements [Member] | Investors [Member] | November 2018 Offering [Member] | Cavalry Fund I LP [Member]
Exercise price per share										$ 11.25
Debt instrument face value										$ 2,200,000
Warrants to purchase common stock										3,333
Warrant term										3 years
August 2019 Purchase Agreements [Member] | August Investors [Member] | August Warrants [Member]
Warrants to purchase common stock								58,057	58,057
Proceeds from warrants issuances								$ 475,000	$ 475,000
August 2019 Purchase Agreements [Member] | August Convertible Promissory Notes [Member] | August Investors [Member]
Debt instrument face value								$ 522,500	$ 522,500
Percentage for original issue discount								10.00%	10.00%
Securities Purchase Agreement [Member]
Proceeds from common stock		$ 27,340,000
Shares issued price per share		$ 15
Securities Purchase Agreement [Member] | Q2 Promissory Notes [Member]
Debt instrument face value			$ 753,500		$ 753,500
Percentage for original issue discount			10.00%		10.00%
Proceeds from warrants issuances			$ 685,000		$ 685,000
Stock issued during the period, shares			83,722		83,722

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)

Oct. 02, 2021

Feb. 03, 2021

Aug. 17, 2020

Aug. 06, 2020

Jun. 11, 2020

Oct. 09, 2019

Oct. 08, 2019

Oct. 02, 2019

Sep. 30, 2018

Jun. 30, 2021

Jun. 30, 2020

Aug. 24, 2021

Jun. 03, 2016

Consultant for compensation

$ 927,855

Sales and marketing expense

$ 10,038,524

322,517

Accounts payable and accrued expenses

8,458,689

811,549

Stock issued during period, value issued

6,771,440

Stock issued during the period, shares

11,248

41,780

Convertible promissory note percentage

8.00%

Subsequent Event [Member]

Stock issued during the period, shares

1,121,150

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

Petitioner Boustead Securities, LLC [Member] | Subsequent Event [Member]

Accrued interest for settlement

$ 294,051

One-Year Anniversary [Member]

Sales and marketing expense

357,167

Estimated commitment amount year 2022

1,250,000

Stock issued during period, value issued

$ 1,250,000

$ 1,550,000

Stock issued during the period, shares

10,000

50,000

Debt instrument, term

10 years

Prepaid expenses and other current assets

$ 1,142,833

Estimated commitment amount year 2022, shares

10,000

Common Stock [Member]

Stock issued during period, value issued

$ 1,980

Stock issued during the period, shares

1,980,000

Sponsorship Agreement [Member]

Consultant for compensation

$ 516,000

Consulting agreement description

From October 1, 2019 to June 30, 2022.

Estimated commitment amount year 2022

$ 1,375,000

Estimated commitment amount year 2023

750,000

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

1,217,357

Accounts payable and accrued expenses

180,696

Amended and Restated Sponsorship Agreement [Member] | Common Stock [Member]

Consultant for compensation

$ 8,250,000

Multi-year Agreement [Member]

Estimated commitment amount year 2022

1,654,813

Estimated commitment amount year 2023

1,718,903

Estimated commitment amount year 2024

11,282,508

Estimated commitment amount year 2025

908,423

Estimated commitment amount year 2026

$ 459,756

Revenue and Geographic Inform_3

Revenue and Geographic Information - Schedule of Disaggregated by Revenue (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Total	$ 16,783,914
Online Betting and Casino Revenues [Member]
Total	15,824,054
Esport Service Revenues [Member]
Total	$ 959,860

Revenue and Geographic Inform_4

Revenue and Geographic Information - Schedule of Revenues with Customers Disaggregated by Geographical Area (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Total	$ 16,783,914
U.S. [Member]
Total	671,519
International [Member]
Total	$ 16,112,395

Revenue and Geographic Inform_5

Revenue and Geographic Information - Schedule of Long-Lived Assets by Geography (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Long-lived assets	$ 90,087,796	$ 16,874
U.S. [Member]
Long-lived assets	48,144,926	1,189
International [Member]
Long-lived assets	$ 41,942,870	$ 15,685

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)	Jun. 03, 2021	May 21, 2021	Mar. 03, 2021	Feb. 11, 2021	Jan. 21, 2021	Sep. 10, 2020	Sep. 03, 2020	Jul. 31, 2020	Apr. 16, 2020	Mar. 03, 2020	Jan. 17, 2020	Oct. 09, 2019	Oct. 08, 2019	Jun. 30, 2021	Jun. 30, 2021	Apr. 30, 2021	Jun. 30, 2020	Apr. 30, 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
Preferred stock, shares outstanding
Proceeds from equity offering															$ 27,340,000		$ 8,415,000
Common stock, shares issued														21,896,145	21,896,145		11,233,223
Common stock par value														$ 0.001	$ 0.001		$ 0.001
Proceeds from issuance of common stock																	$ 100,000
Shares issued during period acquisitions, value															$ 3,802,500
Share of exercise of warrants												21,389	79,444				44,445
Non-cash settlement of the warrant liability totaling																	$ (297,706)
Change in fair value of warrant liability															$ (1,549,924)
Number of shares issued for service, shares															528,997
Number of shares issued for service, value															$ 4,024,746
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
Stock issued during the period, shares												11,248	41,780
Stock-based compensation																	$ 927,855
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
2020 Equity and Incentive Plan [Member]
Stock options award shares														1,733,968	1,733,968
Common Stock Reserved for Future Issuance														1,281,959	1,281,959
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
Sale of stock, number of shares issued in transaction									1,980,000
Warrant outstanding														40,582	40,582
Class of warrant or right number of securities called by warrants or rights																		2,434,482
Weighted Average [Member]
Shares issued price per share																	$ 6.52
Number of shares issued for service, shares																	8,889
Number of shares issued for service, value																	$ 58,000
Equity Option [Member] | Weighted Average [Member]
Proceeds from issuance of common stock															$ 44,637
Share of exercise of warrants															5,333
Exercise price														$ 8.37	$ 8.37
Warrants [Member]
Exercise price								$ 8						4.86	$ 4.86
Number of warrants issued								1,000,000
Number of warrants exercisable															3,350,558
Weighted average exercise price														$ 12.21	$ 12.21
Intrinsic value of warrants exercise														$ 33,029,828	$ 33,029,828		4,561,472
Stock Options [Member]
Exercise price														$ 4.86	$ 4.86
Stock option term															4 years 4 months 13 days
Stock options available for exercise															147,376
Aggregate intrinsic value of options														$ 2,537,975	$ 2,537,975
Stock-based compensation															4,129,726		1,614,236
Unamortized stock compensation														$ 598,105	$ 598,105
Unamortized stock compensation, year															7 months 6 days
Stock Options [Member] | 2020 Equity and Incentive Plan [Member]
Stock options award shares						1,500,000
Common Stock Description						Each year on January 1, for a period of up to nine years, the maximum number of shares authorized for issuance under the 2020 is automatically increased by 233,968 shares.
Series A Warrants [Member]
Exercise price	$ 17.50
Number of warrants issued	2,000,000
Series B Warrants [Member]
Exercise price	$ 17.50
Number of warrants issued	2,000,000
Acquisition of Argyll [Member]
Shares issued price per share														$ 8	$ 8
Share of exercise of warrants															1,000,000
Shares issued for exercise of options and warrants, value															$ 15,480,000
Proceeds from warrant exercises															8,000,000
Non-cash settlement of the warrant liability totaling															7,480,000
Issuance costs of warrants															197,627
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]
Shares issued during period acquisitions															650,000
Shares issued during period acquisitions, value															$ 650
Number of shares issued for service, shares															602,695
Number of shares issued for service, value															$ 602
Common stock issued for warrant exchange																	$ 289
Stock issued during the period, shares																	1,980,000
Common Stock [Member] | Weighted Average [Member]
Exercise price														$ 6.68	$ 6.68
Number of shares issued for service, shares															602,695
Number of shares issued for service, value															$ 4,024,746
Common Stock [Member] | Equity Option [Member]
Proceeds from issuance of common stock															$ 26,737,849
Share of exercise of warrants															5,503,167
Proceeds from warrant exercises															$ 8,000,000
Common Stock [Member] | Warrants [Member]
Proceeds from issuance of common stock															$ 26,737,849
Share of exercise of warrants															5,503,167
Proceeds from warrant exercises															$ 8,000,000
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		63,109			292,511
Shares issued during period acquisitions, value		$ 597,650			$ 2,193,833
Common Stock [Member] | GG Circuit LLC [Member]
Shares issued during period acquisitions														830,189
Shares issued during period acquisitions, value														$ 9,273,211
Common Stock [Member] | Helix Holdings, LLC [Member]
Shares issued during period acquisitions														528,302
Shares issued during period acquisitions, value														$ 5,901,133
Unit A Warrant [Member]
Warrant outstanding														1,136,763	1,136,763
Unit A Warrant [Member] | Warrant Holder [Member]
Common stock, shares issued									3,960,000
Common stock par value									$ 4.25
Unit A Warrant [Member] | Underwriter [Member]
Common stock, shares issued									209,400
Common stock par value									$ 0.01
Unit B Warrant [Member] | Warrants Holders [Member]
Common stock, shares issued									3,960,000
Common stock par value									$ 4.25
Unit B Warrant [Member] | Underwriter [Member]
Common stock, shares issued									209,400
Common stock par value									$ 0.01
Securities Purchase Agreement [Member]
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] | Warrants [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
Stock issued during the period, shares																	5,435
Percentage for warrant issue																	5.00%

Equity - Schedule of Warrant Ac

Equity - Schedule of Warrant Activity (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Equity [Abstract]
Number of Warrants, Outstanding, Beginning Balance	5,264,592	727,779
Number of Warrants, Issued	5,603,674	6,570,302
Number of Warrants, Exercised	(5,503,167)	(1,674,542)
Number of Warrants, Exchanged		(288,722)
Number of Warrants, Expired or cancelled	(14,541)	(70,225)
Number of Warrants, Outstanding, Ending Balance	5,350,558	5,264,592
Weighted Average Exercise Price, Outstanding, Beginning Balance	$ 4.28	$ 6.30
Weighted Average Exercise Price, Issued	14.38	4.44
Weighted Average Exercise Price, Exercised	4.88	4.59
Weighted Average Exercise Price, Exchanged		11.25
Weighted Average Exercise Price, Expired or cancelled	4.25	3.12
Weighted Average Exercise Price, Outstanding, Ending Balance	$ 14.19	$ 4.28
Weighted Average Remaining Life (Years), Outstanding, Beginning Balance	10 months 10 days	2 years 1 month 2 days
Weighted Average Remaining Life (Years), Outstanding, Ending Balance	3 years 1 month 20 days
Intrinsic Value, Outstanding, Beginning Balance	$ 14,654,296	$ 2,563,939
Intrinsic Value, Outstanding, Ending Balance	$ 8,743,588	$ 14,654,296

Equity - Schedule of Stock Opti

Equity - Schedule of Stock Option Activity (Details) - $ / shares	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Equity [Abstract]
Number of Options, Outstanding, Beginning Balance	474,676	51,942
Number of Options, Granted	436,400	436,400
Number of Options, Exercised	(5,333)	(5,333)
Number of Options, Cancelled	(8,333)	(8,333)
Number of Options, Outstanding, Ending Balance	474,676	474,676
Weighted Average Exercise Price, Outstanding, Beginning Balance	$ 5.49	$ 10.50
Weighted Average Exercise Price, Granted	4.96	4.96
Weighted Average Exercise Price, Exercised	8.37	8.37
Weighted Average Exercise Price, Cancelled	7.09	7.09
Weighted Average Exercise Price, Outstanding, Ending Balance	$ 5.49	$ 5.49

Equity - Schedule of Weighted A

Equity - Schedule of Weighted Average Assumptions Valued Using Black-Scholes Option Pricing Model (Details)	12 Months Ended
	Jun. 30, 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

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Deferred tax assets valuation allowance	$ 4,136,256	$ 2,242,541
Reconciliation of expected tax expense (benefit) statutory rate	21.00%
Net deferred tax assets	$ 3,722,926
Net operating loss carry forwards	$ 19,700,000
Income tax description	expire in 2032
MALTA [Member]
Net operating loss carry forwards	$ 2,000,000
UNITED KINGDOM [Member]
Net operating loss carry forwards	4,500,000
SWITZERLAND [Member]
Net operating loss carry forwards	19,900,000
Federal [Member]
Net operating loss carry forwards	$ 2,800,000

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income (loss) Before Income Taxes (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Total loss before income taxes	$ (30,184,270)	$ (10,349,017)
United States [Member]
Total loss before income taxes	(19,987,348)	(10,242,024)
International [Member]
Total loss before income taxes	$ (106,993)	$ (10,196,922)

Income Taxes - Schedule of Prov

Income Taxes - Schedule of Provision (benefit) from Income Taxes (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Federal	$ 300,000	$ 2,398
State
Foreign	24,722
Total current	324,722	2,398
Federal	(4,136,258)
State
Foreign
Total deferred	(4,136,258)
Income tax provision (benefit)	$ (3,811,536)	$ 2,398

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of Income Tax Expense Computed at the U.s. Federal Statutory Rate (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
U.S. federal statutory rate	$ (6,338,697)	$ (2,173,293)
Change in valuation allowance	1,133,233	863,264
Foreign tax rate and other foreign tax	(150,274)	(5,953)
Non-deductible warrant revaluations	325,484
Non-deductible revaluation of contingent consideration	367,207
Change in fair value of derivatives		510,783
Debt restructure		797,981
Acquisition costs	521,235
Other	330,276	9,616
Income tax provision	$ (3,811,536)	$ 2,398

Income Taxes - Schedule Deferre

Income Taxes - Schedule Deferred Tax Assets (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Net operating losses	$ 9,728,136	$ 1,864,962
Nonqualified stock options	382,974	187,209
Stock compensation payable		190,370
Depreciation and amortization	452,388
Other	26,264
Gross deferred tax assets	10,589,762	2,242,541
Acquired intangible assets	(5,593,787)
Net deferred tax assets	4,995,975	2,242,541
Valuation allowance	(6,866,836)	(2,242,541)
Deferred tax liabilities, net	$ (1,870,861)

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value of Financial Instruments (Details)	Jun. 30, 2021USD ($)
Warrant liability	$ 23,500,000
Fair Value, Inputs, Level 1 [Member] | Warrants [Member]
Warrant liability
Fair Value, Inputs, Level 2 [Member] | Warrants [Member]
Warrant liability
Fair Value, Inputs, Level 3 [Member] | Warrants [Member]
Warrant liability	$ 23,500,000

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Fair Value of Assets and Liabilities (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Balance, begining		$ 4,655,031
Change due to warrant exercise		(1,222,602)
Change due to extinguishment of debt		(1,426,323)
Change due to acquired amended and restated note		2,504,127
Change due to issuance of warrants		1,851,892
Change in fair value of derivative liabilities		(2,134,592)
Change in fair value of warrant liabilities		(297,706)
Change due to redemption of convertible debt		(196,297)
Change due to extinguishment of warrant liabilities upon Warrant Exchange		(3,583,442)
Change due to extinguishment of derivative liabilities upon conversion of notes		(4,793,462)
Change due to extinguishment of derivative upon exchange of derivative warrants		(221,222)
Fair value of warrants issued for Argyll acquisition ("Argyll Warrant Liability") (Note 3)	2,750,076
Revaluation of Argyll warrant liability for warrants issued in Argyll Acquisition (Note 16)	4,729,924
Settlement of Argyll warrant liability (Note 16)	(7,480,000)
Issuance of Series A and Series B warrants with Senior Convertible Note (Note 12)	26,680,000
Revaluation of Series A and Series B Warrants issued with Senior Convertible Note (Note 12)	(3,180,000)
Balance, ending	$ 23,500,000

Fair Value Measurements - Sch_3

Fair Value Measurements - Schedule of Warrants Outstanding (Details)	12 Months Ended
	Jun. 30, 2021$ / shares
Contractual term, in years	2 years 9 months 3 days
Expected volatility	132.60%
Risk-free interest rate	0.32%
Dividend yield
Monte Carlo [Member] | Warrants [Member]
Dividend yield
Conversion / exercise price	$ 17.50
Monte Carlo [Member] | Warrants [Member] | Maximum [Member]
Contractual term, in years	2 years
Expected volatility	120.00%
Risk-free interest rate	0.24%
Monte Carlo [Member] | Warrants [Member] | Minimum [Member]
Contractual term, in years	4 years
Expected volatility	140.00%
Risk-free interest rate	0.65%

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)

Oct. 12, 2021USD ($)

Oct. 12, 2021EUR (€)

Oct. 11, 2021USD ($)shares

Oct. 02, 2021$ / sharesshares

Sep. 03, 2021USD ($)shares

Jul. 13, 2021USD ($)

Jul. 13, 2021EUR (€)

Oct. 09, 2019shares

Oct. 08, 2019shares

Oct. 11, 2021USD ($)shares

Oct. 31, 2021shares

Jun. 30, 2021USD ($)$ / sharesshares

Jun. 30, 2020USD ($)$ / sharesshares

Sep. 30, 2021USD ($)

Jun. 03, 2016

Number of share issued service | shares

528,997

Number of shares issued | shares

11,248

41,780

Number of options, exercised | shares

5,333

5,333

Weighted average exercise price, exercised | $ / shares

$ 8.37

$ 8.37

Share consideration issued of Common stock

$ 100,000

Interest rate

8.00%

Acquisition of Bethard Business [Member]

Transaction expenses

$ 765,863

Acquisition of Bethard Business [Member] | General And Administrative [Member]

Transaction expenses

$ 750,113

Subsequent Event [Member]

Number of share issued service | shares

78,527

Number of shares issued | shares

1,121,150

Excerise price | $ / shares

$ 6.71

Number of options, exercised | shares

10,500

Weighted average exercise price, exercised | $ / shares

$ 4.82

Purchase price consideration

$ 15,346,019

Share consideration issued of Common stock

$ 20,000,000

Subsequent Event [Member] | At The Market [Member]

Number of shares issued | shares

1,250

Share consideration issued of Common stock

$ 20,000,000

Subsequent Event [Member] | General and Administrative Expense [Member]

Transaction expenses

$ 15,750

Subsequent Event [Member] | Partnership Agreement [Member]

Capital commitments, shares | shares

100,000

Total capital commitments

$ 100,000,000

Subsequent Event [Member] | Partnership Agreement [Member] | Game Fund Partners LLC [Member]

Amount of investment

300,000,000

$ 300,000,000

Subsequent Event [Member] | Partnership Agreement [Member] | Initial Invest EEG Shares [Member] | Game Fund Partners LLC [Member]

Amount of investment

$ 2,000,000

$ 2,000,000

Investment percentage

20.00%

Subsequent Event [Member] | Services Agreement [Member]

Revenue percentage

100.00%

100.00%

Subsequent Event [Member] | Loan Agreement [Member] | Second Loan [Member]

Loan amount

$ 10,000,000

Interest rate

8.00%

Maturity date

Oct. 12, 2023

Oct. 12, 2023

Subsequent Event [Member] | Loan Agreement [Member] | Initial Loan Note [Member]

Principal amount

$ 15,000,000

Subsequent Event [Member] | Additional Shares Capital [Member] | Partnership Agreement [Member]

Capital commitments, shares | shares

100,000

Total capital commitments

$ 200,000,000

Subsequent Event [Member] | Maximum [Member] | Loan Agreement [Member]

Principal amount

25,000,000

Subsequent Event [Member] | Minimum [Member] | Loan Agreement [Member]

Principal amount

$ 15,000,000

Subsequent Event [Member] | Euro [Member]

Purchase price consideration | €

€ 13,000,000

Subsequent Event [Member] | Bethard Group Limited [Member]

Purchase price consideration

$ 20,067,871

Payment to acquire business

15,346,019

Cah payable for business combination

$ 4,721,852

Business combination description

The Company is also required to pay additional cash purchase consideration during the 24 month period following the acquisition date equal to 15% of net gaming revenue until the Additional Payment Due Date, with the percentage then decreasing to 10% - 12% of net gaming revenue during subsequent months.

The Company is also required to pay additional cash purchase consideration during the 24 month period following the acquisition date equal to 15% of net gaming revenue until the Additional Payment Due Date, with the percentage then decreasing to 10% - 12% of net gaming revenue during subsequent months.

Transaction expenses

$ 15,346,019

Subsequent Event [Member] | Bethard Group Limited [Member] | Ambassador Agreement [Member]

Reduction in contingent consideration

$ 498,417

Subsequent Event [Member] | Bethard Group Limited [Member] | Additional Payment Due Date [Member]

Business combination contingent consideration arrangements description

The preliminary estimated contingent cash consideration assumes a cash payment equal to 15% of net gaming revenue for the Bethard Business through the Additional Payment Due Date as set forth through the Second Payment Due Date estimated to be approximately four months, then reverting to 12% thereafter for the remainder of a two-year period following the acquisition date.

The preliminary estimated contingent cash consideration assumes a cash payment equal to 15% of net gaming revenue for the Bethard Business through the Additional Payment Due Date as set forth through the Second Payment Due Date estimated to be approximately four months, then reverting to 12% thereafter for the remainder of a two-year period following the acquisition date.

Subsequent Event [Member] | Bethard Group Limited [Member] | Maximum [Member]

Business combination, contingent consideration

$ 8,971,519

Subsequent Event [Member] | Bethard Group Limited [Member] | Euro [Member]

Purchase price consideration | €

€ 17,000,000

Payment to acquire business | €

13,000,000

Cah payable for business combination | €

4,000,000

Subsequent Event [Member] | Bethard Group Limited [Member] | Euro [Member] | Ambassador Agreement [Member]

Reduction in contingent consideration | €

422,222

Subsequent Event [Member] | Bethard Group Limited [Member] | Euro [Member] | Maximum [Member]

Business combination, contingent consideration | €

€ 7,600,000

Subsequent Events - Schedule of

Subsequent Events - Schedule of Contingent Consideration (Details) - Subsequent Event [Member] - Bethard Group Limited [Member]	Jul. 13, 2021USD ($)
Cash paid at closing	$ 15,346,019
Cash consideration payable by October 14, 2021 (Additional Payment Due Date)	4,721,852
Contingent cash consideration	7,500,000
Contingent share consideration	2,242,880
Total purchase price consideration	$ 29,810,751

Subsequent Events - Schedule _2

Subsequent Events - Schedule of Pro Forma Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Net revenue	$ 36,748,329	$ 35,321,912
Net loss	$ 37,776,598	$ (20,556,084)
Net loss per common share, basic and diluted	$ 2.06	$ (1.84)
Bethard Group Limited [Member]
Net revenue	$ 27,217,991	$ 32,482,076
Net loss	$ (13,677,602)	$ (13,251,236)
Net loss per common share, basic and diluted	$ (0.87)	$ (1.93)