Gaming (GMGT) S-1 20 Oct 21 IPO registration Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2021
Entity Addresses [Line Items]
Document Type	S-1
Amendment Flag	false
Entity Registrant Name	Gaming Technologies, Inc.
Entity Central Index Key	0001816906
Entity Tax Identification Number	35-2675083
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	Two Summerlin
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89135
City Area Code	833
Local Phone Number	888-GMGT
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	Two Summerlin

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS Unaudited - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash	$ 306,719	$ 1,946,232
Deposits and other current assets	162,839	37,917
Total current assets	469,558	1,984,149
Property and equipment, net	8,321	8,503
Operating lease right of use asset, net	0	11,968
Intellectual property, net	190,241	50,967
Total assets	668,120	2,055,587
Current liabilities:
Accounts payable and accrued expenses	476,056	368,784
Due to related parties	12,588	14,918
Current portion of note payable, bank	13,990	2,241
Current portion of operating lease liability	0	11,968
Total current liabilities	502,634	397,911
Note payable, bank	50,992	62,741
Total liabilities	553,626	460,652
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value; authorized -5,000,000 shares; issued - none	0	0
Common stock, $0.001 par value; authorized - 45,000,000 shares; issued and outstanding - 30,521,059 shares and 28,367,525 shares at June 30, 2021 and December 31, 2020, respectively	30,521	28,367
Additional paid-in capital	14,698,188	9,551,507
Accumulated other comprehensive income	(40,410)	(18,746)
Accumulated deficit	(14,573,805)	(7,966,193)
Total stockholders' equity	114,494	1,594,935
Total liabilities and stockholders' equity	$ 668,120	$ 2,055,587

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS Unaudited (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	45,000,000	45,000,000
Common stock, shares issued	30,521,059	28,367,525
Common stock, shares outstanding	30,521,059	28,367,525

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Revenue	$ 23,321	$ 0	$ 25,410	$ 0
Costs and Expenses:
Cost of revenues	91,318	0	273,581	0
General and administrative:
Officers, directors, affiliates, and other related parties	155,727	148,914	447,582	234,423
Other (including stock compensation costs of $20,833 and $1,467,335 in the three and six months ended June 30, 2021, respectively)	3,888,605	199,942	5,778,996	327,072
Total Costs and expenses	4,250,110	363,553	6,633,022	596,297
Loss from operations	(4,226,789)	(363,553)	(6,607,612)	(596,297)
Other income (expense):
Interest expense	0	(2,083)	0	(2,995)
Foreign currency gain or (loss)	0	(1,042)	0	(18,890)
Total other expense, net	0	(3,125)	0	(21,885)
Net loss	(4,226,789)	(366,678)	(6,607,612)	(618,182)
Foreign currency translation adjustment	(8,491)	9,976	(21,664)	9,976
Comprehensive loss	$ (4,235,280)	$ (356,702)	$ (6,629,276)	$ (608,206)
Net loss per common share - basic and diluted	$ (0.14)	$ (0.05)	$ (0.22)	$ (0.02)
Weighted average common shares outstanding - basic and diluted	30,521,059	7,518,094	30,033,705	24,689,545

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Amortization of intellectual property	$ 15,150	$ 14,697	$ 35,071	$ 30,011
Stock compensation costs	$ 20,833		$ 1,467,335	$ 0

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIENCY) (UNAUDITED) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2019	$ 24,614	$ 1,040,199	$ 2,766	$ (754,376)	$ 313,203
Beginning balance, shares at Dec. 31, 2019	24,614,325
Foreign currency translation adjustment			9,976		9,976
Net loss				(618,182)	(618,182)
Ending balance, value at Jun. 30, 2020	$ 24,698	1,262,176	12,742	(1,372,558)	(72,942)
Ending balance, shares at Jun. 30, 2020	24,698,325
Acquisition of Game Tech		12,061			12,061
Beginning balance, value at Mar. 31, 2020	$ 24,698	1,262,176	10,229	(1,005,880)	291,223
Beginning balance, shares at Mar. 31, 2020	24,698,325
Foreign currency translation adjustment			2,513		2,513
Net loss				(366,678)	(366,678)
Ending balance, value at Jun. 30, 2020	$ 24,698	1,262,176	12,742	(1,372,558)	(72,942)
Ending balance, shares at Jun. 30, 2020	24,698,325
Acquisition of Game Tech
Beginning balance, value at Dec. 31, 2020	$ 28,367	9,551,507	(18,746)	(7,966,193)	1,594,935
Beginning balance, shares at Dec. 31, 2020	28,367,525
Common stock issued as compensation	$ 537	1,466,798			1,467,335
Common stock issued as compensation, shares	536,934
Foreign currency translation adjustment			(21,664)		(21,664)
Net loss				(6,607,612)	(6,607,612)
Ending balance, value at Jun. 30, 2021	$ 30,521	14,698,188	(40,410)	(14,573,805)	114,494
Ending balance, shares at Jun. 30, 2021	30,521,059
Beginning balance, value at Mar. 31, 2021	$ 30,521	14,677,355	(31,919)	(10,347,016)	4,328,941
Beginning balance, shares at Mar. 31, 2021	30,521,059
Common stock issued as compensation		20,833			20,833
Foreign currency translation adjustment			(8,491)		(8,491)
Net loss				(4,226,789)	(4,226,789)
Ending balance, value at Jun. 30, 2021	$ 30,521	$ 14,698,188	$ (40,410)	$ (14,573,805)	$ 114,494
Ending balance, shares at Jun. 30, 2021	30,521,059

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net loss	$ (6,607,612)	$ (618,182)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	5,146	3,844
Amortization of intellectual property	35,342	30,011
Amortization of operating lease right of use asset	11,968	21,870
Stock compensation	1,467,335	0
Changes in operating assets and liabilities:
Due from related parties	0	(53,727)
Deposits and other current assets	(124,922)	(2,377)
Accounts payable and accrued expenses	107,272	196,341
Due to related parties	(2,330)	2,312
Operating lease liability	(11,968)	(21,870)
Accrued interest payable	0	86
Net cash used in operating activities	(5,119,769)	(423,487)
Cash flows from investing activities:
Purchase of intellectual property	(174,616)	0
Purchase of property and equipment	(4,964)	(5,266)
Net cash used in investing activities	(179,580)	(5,266)
Cash flows from financing activities:
Proceeds from private placement of common stock	3,681,500	210,000
Proceeds from note payable bank	0	60,623
Repayment of note payable related party	0	(35,508)
Net cash provided by financing activities	3,681,500	175,115
Effect of exchange rate on cash	(21,664)	(9,965)
Cash:
Net decrease	(1,639,513)	(263,603)
Balance at beginning of year	1,946,232	320,402
Balance at end of year	306,719	56,799
Supplemental disclosures of cash flow information:
Interest	0	3,593
Income taxes	$ 0	$ 0

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	1. Organization and Basis of Presentation Organization and Combination Gaming Technologies, Inc. (formerly Dito, Inc.,) (“Gaming US”) was incorporated in the State of Delaware on July 23, 2019. Effective as of March 18, 2020, Gaming US completed a Share Exchange Agreement (the "Exchange Agreement") to acquire all of the outstanding ordinary shares of Gaming Technologies Limited, formerly Gaming UK Limited, (“Gaming UK”) that provided for each outstanding ordinary share of Gaming UK to be effectively converted into 25 shares of common stock of Gaming US. As a result, Gaming UK became a wholly-owned subsidiary of Gaming US in a recapitalization transaction (collectively, the “Company”). On December 21, 2020, the Company changed its name from Dito, Inc. to Gaming Technologies Inc. Gaming UK was originally formed as Smart Tower Limited on November 3, 2017 in the United Kingdom for the purpose of software development. On June 29, 2018, Smart Tower Limited changed its name to NENX Gaming Limited and then to Gaming UK Limited on July 29, 2019 and to Gaming Technologies Limited on January 7, 2021. Gaming US maintains its principal executive offices in Las Vegas, Nevada, United States. Gaming UK maintains its principal executive offices in London, England. Business Operations The Company is a mobile games developer, publisher, and operator with offices in London and Las Vegas. The Company intends to license its software platform to mobile gaming operators and developers to enable rapid development of new games. In addition, the Company operates an online gaming operation in Mexico through its web site vale.mx. On November 13, 2020, we entered into an Agreement for the Provision of Online Gaming Management and Consulting Services (as subsequently amended) with Comercial de Juegos de la Frontera, S.A. de C.V., a Mexican company doing business as Big Bola, pursuant to which we provide to Big Bola consulting and management services related to their interactive online betting and gaming business in Mexico via the web site www.vale.mx, a regulated online casino and sports betting site. vale.mx operates under Big Bola’s existing license issued by the General Directorate of Games and Raffles of the Ministry of Interior (SEGOB). Big Bola is one of only On May 19, 2021, we entered into a non-exclusive license agreement with Playboy Enterprises International, Inc. (“Playboy”) to use certain trademarks (including the rabbit head logo) and other intellectual property of Playboy on and in connection with the design, creation, promotion, marketing, advertisement, sales, operation, maintenance and distribution in India of real-money game mobile apps, such as rummy, poker, fantasy sports and other games of skill approved by Playboy. We will pay Playboy as a royalty a percentage of net gaming revenue. The term of the agreement is through the end of 2025, subject to early termination upon certain events of default, which include our failure to launch a Playboy-branded game in India by November 1, 2021, or to meet certain annual minimum net gaming revenue targets. Going Concern The Company's condensed consolidated financial statements have been presented on the basis that the Company is a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. As reflected in the accompanying condensed consolidated financial statements, the Company has had no significant operating revenues to date, and has experienced recurring net losses from operations and negative operating cash flows. During the six months ended June 30, 2021, the Company incurred a net loss of $ 6,607,612 5,119,769 14,573,805 At June 30, 2021, the Company had cash of $ 306,719 3,681,500 3,524,643 As a result, management has concluded that there is substantial doubt about the Company's ability to continue as a going concern within one year of the date that the accompanying condensed consolidated financial statements are issued. In addition, the Company's independent registered public accounting firm, in their report on the Company's condensed consolidated financial statements for the year ended December 31, 2020, has also expressed substantial doubt about the Company's ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon the Company's ability to raise additional funds and implement its business plan, and to ultimately achieve sustainable operating revenues and profitability. The accompanying condensed consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The development and expansion of the Company's business in 2021 and thereafter will be dependent on many factors, including the capital resources available to the Company. No assurances can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company or adequate to fund the development and expansion of the Company's business to a level that is commercially viable and self-sustaining. There is also significant uncertainty as to the effect that the coronavirus pandemic may have on the availability, amount and type of financing in the future. If cash resources are insufficient to satisfy the Company's ongoing cash requirements, the Company would be required to scale back or discontinue its operations, obtain funds, if available, although there can be no certainty, through strategic alliances that may require the Company to relinquish rights to its technology, or to discontinue its operations entirely.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Principles of Combination The accompanying condensed consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles ("GAAP") and include the financial statements of Gaming US and its wholly-owned foreign subsidiary, Gaming UK. Intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates. Significant estimates are expected to include those related to assumptions used in calculating accruals for potential liabilities, valuing equity instruments issued for services, and the realization of deferred tax assets. Cash The Company maintains its cash balances with financial institutions with high credit ratings. The Company has not experienced any losses to date resulting from this practice. As of June 30, 2021 and December 31, 2020, the Company's cash balances by currency consisted of the following: Schedule of cash June 30, 2021 December 31, 2020 GBP £ 14,297 £ 49,127 USD $ 286,988 $ 1,879,166 Cash balances in British Pounds are maintained in the United Kingdom and cash balances in United States Dollars are maintained in the United States. Concentration of Risk The Company may periodically contract with consultants and vendors to provide services related to the Company's business development activities. Agreements for these services may be for a specific time period or for a specific project or task. The Company did not have any agreements at June 30, 2021 or December 31, 2020. Revenue Recognition The Company recognizes revenue in accordance with ASC Topic 606, Revenue From Contracts With Customers · Identification of the contract with a customer · Identification of the performance obligations in the contract · Determination of the transaction price · Allocation of the transaction price to the performance obligations in the contract · Recognition of revenue when, or as, the Company satisfies a performance obligation The Company operates an online betting platform allowing users to place wagers on casino games. Each wager placed by users create a single performance obligation for the Company to administer each event wagered. Net gaming revenue is the aggregate of gaming wins and losses based on results of each event that customers wager bets on. Gross gaming revenue is split with our partners, whose share of gross gaming revenue is recorded as a reduction to net gaming revenue. Cost of Revenue Cost of revenue consists primarily of variable costs related to our contract with Big Bola. These include mainly (i) payment processing fees and chargebacks, (ii) product taxes, (iii) technology costs, (iv) revenue share / market access arrangements, and (v) feed / provider services. The Company incurs payment processing fees on user deposits, withdrawals and deposit reversals from payment processors (“chargebacks”). Chargebacks have not been material to date. Cost of revenue also includes expenses related to the distribution of our services, amortization of intangible assets and compensation of revenue associated personnel. Stock-Based Compensation The Company issues common stock and intends to issue stock options to officers, directors and consultants for services rendered. Options will vest and expire according to terms established at the issuance date of each grant. Stock grants, which are generally time vested, will be measured at the grant date fair value and charged to operations ratably over the vesting period. The fair value of stock options granted as stock-based compensation will be determined utilizing the Black-Scholes option-pricing model, and can be affected by several variables, the most significant of which are the 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. Estimated volatility will be based on the historical volatility of the Company's common stock over an appropriate calculation period, or, if not available, by reference to the volatility of a representative sample of comparable public companies. The risk-free interest rate will be based on the U.S. Treasury yield curve in effect at the time of grant. The fair market value of the common stock will be determined by reference to the quoted market price of the Company's common stock on the grant date, or, if not available, by reference to an appropriate alternative valuation methodology. The Company will recognize the fair value of stock-based compensation awards in general and administrative costs or in software development costs, as appropriate, in the Company's condensed consolidated statements of operations. The Company will issue new shares of common stock to satisfy stock option exercises. As of June 30, 2021 and December 31, 2020, the Company did no Comprehensive Income (Loss) Comprehensive income or loss is defined as the change in equity during a period from transactions and other events and circumstances from non-owner sources. Components of comprehensive income or loss, including net income or loss, unrealized gains or losses on available-for-sale securities, unrealized gains or losses on other financial investments, unrealized gains or losses on pension and retirement benefit plans, and foreign currency translation adjustments, are reported in the financial statements in the period in which they are recognized. Net income (loss) and other comprehensive income (loss) are reported net of any related tax effect to arrive at comprehensive income (loss). The Company's comprehensive income (loss) for the three months ended June 30, 2021 and 2020 consists of foreign currency translation adjustments. Earnings (Loss) Per Share The Company's computation of earnings (loss) per share ("EPS") includes basic and diluted EPS. Basic EPS is measured as the income (loss) attributable to common stockholders divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible notes payable, convertible preferred stock, warrants and stock options) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. Loss per common share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the respective periods. At June 30, 2021 and December 31, 2020, the Company excluded warrants to acquire 234,000 shares of common stock from its calculation of loss per share as their effect would be antidilutive. Basic and diluted loss per common share is the same for all periods presented because the aforementioned warrants were antidilutive. The Company has adopted ASU 2017-11, Earnings per share (Topic 260), provided that when determining whether certain financial instruments should be classified as liability or equity instruments, a down round feature no longer precludes equity classification when assessing whether the instrument is indexed to an entity’s own stock. Fair Value of Financial Instruments The authoritative guidance with respect to fair value established a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels and requires that assets and liabilities carried at fair value be classified and disclosed in one of three categories, as presented below. Disclosure as to transfers in and out of Levels 1 and 2, and activity in Level 3 fair value measurements, is also required. Level 1. Observable inputs such as quoted prices in active markets for an identical asset or liability that the Company has the ability to access as of the measurement date. Financial assets and liabilities utilizing Level 1 inputs include active-exchange traded securities and exchange-based derivatives. Level 2. Inputs, other than quoted prices included within Level 1, which are directly observable for the asset or liability or indirectly observable through corroboration with observable market data. Financial assets and liabilities utilizing Level 2 inputs include fixed income securities, non-exchange-based derivatives, mutual funds, and fair-value hedges. Level 3. Unobservable inputs in which there is little or no market data for the asset or liability which requires the reporting entity to develop its own assumptions. Financial assets and liabilities utilizing Level 3 inputs include infrequently-traded non-exchange-based derivatives and commingled investment funds and are measured using present value pricing models. The Company will determine the level in the fair value hierarchy within which each fair value measurement falls in its entirety, based on the lowest level input that is significant to the fair value measurement in its entirety. In determining the appropriate levels, the Company will perform an analysis of the assets and liabilities at each reporting period end. The carrying value of financial instruments (consisting of cash and accounts payable and accrued expenses) is considered to be representative of their respective fair values due to the short-term nature of those instruments. Foreign Currency The accompanying condensed consolidated financial statements are presented in United States dollars ("USD"). The functional currency of Gaming UK, the Company's foreign subsidiary, is the British Pound (“GBP”), the local currency in the United Kingdom. Accordingly, assets and liabilities of the foreign subsidiary are translated at the current exchange rate at the end of the period, and revenues and expenses are translated at average exchange rates during the six months ended June 30, 2021 and the year ended December 31, 2020. The resulting translation adjustments are recorded as a component of shareholders' equity (deficiency). Gains and losses from foreign currency transactions are included in net income (loss). Translation of amounts from the local currencies of the foreign subsidiary, Gaming UK, into USD has been made at the following exchange rates for the respective periods: Foreign currency exchange rates table As of and for the Six months ended June 30, 2021 Year ended December 31, 2020 Period-end GBP to USD1.00 exchange rate 1.3801 1.3652 Period-average GBP to USD1.00 exchange rate 1.3885 1.2825 Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"). ASU 2016-13 significantly changes how entities measure credit losses for most financial assets, including accounts and notes receivables. ASU 2016-13 will replace the current "incurred loss" approach with an “expected loss” model, under which companies will recognize allowances based on expected rather than incurred losses. Entities will apply the provisions of ASU 2016-13 as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which ASU 2016-13 is effective. As small business filer, ASU 2016-13 will be effective for the Company for interim and annual reporting periods beginning after December 15, 2022. Management is currently in the process of assessing the impact of adopting ASU-2016-13 on the Company's financial statements and related disclosures. In August 2020, the FASB issued ASU 2020-06, Debt — Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06). ASU 2020-06 simplifies the accounting for convertible debt by eliminating the beneficial conversion and cash conversion accounting models. Upon adoption of ASU 2020-06, convertible debt proceeds, unless issued with a substantial premium or an embedded conversion feature that is not clearly and closely related to the host contract, will no longer be allocated between debt and equity components. This modification will reduce the issue discount and result in less non-cash interest expense in financial statements. ASU 2020-06 also updates the earnings per share calculation and requires entities to assume share settlement when the convertible debt can be settled in cash or shares. ASU 2020-06 will be effective January 1, 2024, and a cumulative-effect adjustment to the opening balance of retained earnings is required upon adoption. Early adoption is permitted, but no earlier than January 1, 2021, including interim periods within that year. The Company adopted ASU 2020-06 effective January 1, 2021. The adoption of ASU 2020-06 did not have any impact on the Company’s consolidated financial statement presentation or disclosures. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future condensed consolidated financial statements and related disclosures.

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment	3. Property and Equipment Property and equipment as of June 30, 2021 and December 31, 2020 is summarized as follows: Schedule of property and equipment June 30, 2021 December 31, 2020 Computer and office equipment $ 32,445 $ 27,307 Less accumulated depreciation (24,124 ) (18,804 ) Computer and office equipment, net $ 8,321 $ 8,503 All of the Company's property and equipment is located in the United Kingdom. Depreciation expense for the six months ended June 30, 2021 and 2020 was $ 5,320 3,844

Intellectual Property

Intellectual Property	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intellectual Property	4. Intellectual Property Intellectual property as of June 30, 2021 and December 31, 2020 is summarized as follows: Schedule of intellectual property June 30, 2021 December 31, 2020 Software $ 194,978 $ 194,978 Internet domain name 187,400 13,055 Total intellectual property 382,378 208,033 Less accumulated amortization (192,137 ) (157,066 ) Intellectual property, net $ 190,241 $ 50,967 Amortization expense for the six months ended June 30, 2021 and 2020 was $35,071 and $ 30,011

Note Payable to Bank

Note Payable to Bank	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Note Payable to Bank	5. Note Payable to Bank On June 9, 2020, Gaming UK received an unsecured loan of $ 60,600 47,600 72 2.5 th 731 64,982 13,990 Maturities of long-term debt for each of the next five years and thereafter are as follows: Schedule of debt maturities Year ended December 31, Amount 2021 $ 2,241 2022 10,137 2023 10,137 2024 10,137 2025 10,137 Thereafter 22,193 Total payments 64,982 Less current portion 13,990 Debt maturity, noncurrent $ 50,992

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	6. Related Party Transactions During the six months ended June 30, 2021 and 2020, the Company paid base salary, and a bonus of £75,000, totaling $ 390,307 165,081 As of June 30, 2021 and December 31, 2020, $ 12,588 14,918

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Stockholders' Equity	7. Stockholders' Equity Preferred Stock The Company has authorized a total of 5,000,000 shares of preferred stock, par value $0.001 per share. No preferred shares have been designated by the Company as of June 30, 2021 and December 31, 2020. Common Stock The Company is authorized to issue up to 45,000,000 shares of common stock, par value $0.001 per share. As of June 30, 2021 and December 31, 2020, the Company had 30,521,059 and 28,367,525 shares of common stock issued and outstanding, respectively. On February 3, 2021, Gaming Technologies, Inc. (the “Company”) entered into a Securities Purchase Agreement with certain accredited investors (“Purchase Agreement”), pursuant to which the Company sold an aggregate of 1,606,600 4,016,500 360,000 3,656,500 144,000 2.50 5 Under the terms of the Purchase Agreement, each investor was granted customary piggyback registration rights in the event the Company proposes to register the offer and sale of any shares of its common stock, subject to the limitations set forth in the Purchase Agreement, such as a registration statement solely relating to an offering or sale to employees or directors of the Company pursuant to employee stock plan or in connection with any dividend or distribution. The Purchase Agreement also provides the investors the option and right to participate in future capital raising transactions at the same purchase price and on the same terms and conditions as other investors participating in such transactions, for an aggregate purchase price of up to $6,000,000. If, at any time during the twelve months following sale of the Shares, the Company issues or sells shares of common stock or common stock equivalents, except for certain exempt issuances as described in the Purchase Agreement, at a price below $2.50 per share, then immediately upon such issuance or sale, the Company will deliver to the investors that number of restricted shares of common stock equal to the difference between the number of Shares purchased by the investor pursuant to this Purchase Agreement and the number of shares of common stock the investor would have received for the investor’s subscription amount at the dilutive issuance price. In March 2021, the Company sold 10,000 25,000 Consulting Agreements On November 6, 2020, the Company entered into an agreement with a consultant to serve as a board advisor. The term of the agreement is for one year and may be renewed at the end of the term. Compensation consists of the following stock grants: 50,000 125,000 708,333 In January 2021, the Company entered into two agreements with two consultants to provide investor relation services to the Company. The agreements are for a term of one year. The Company issued 200,000 500,000 In February 2021, the Company entered into an internet advertising campaign with a consultant. The contract is for a term of one year 1 20,000 333,334 833,335 In March 2021, the Company issued 3,600 9,000 Warrants A summary of warrant activity for the six months ended June 30, 2021 is presented below: Schedule of warrant activity Warrants Weighted Weighted Aggregate Outstanding on December 31, 2020 90,000 $ 2.50 4.84 $ – Granted 144,000 2.50 4.78 – Exercised – – – – Outstanding on June 30, 2021 234,000 $ 2.50 4.59 $ – Stock-option plan On May 21, 2021, the shareholders of the Company approved the Company’s 2021 Equity Incentive Plan (the “2021 Plan”). The purposes of the 2021 Plan are to (a) enable the Company to attract and retain the types of employees, consultants and directors who will contribute to the Company’s long-term success; (b) provide incentives that align the interests of employees, consultants, and directors with those of the shareholders of the Company; and (c) promote the success of the Company’s business. The persons eligible to receive awards are the employees, consultants, and directors of the Company and such other individuals designated by the 2021 Plan’s administrative committee (the Committee) who are reasonably expected to become employees, consultants, and directors after the receipt of Awards. Awards that may be granted under the Plan include: (a) Incentive Stock Options, (b) Non-qualified Stock Options, (c) Stock Appreciation Rights, (d) Restricted Awards, (e) Performance Share Awards, (f) Cash Awards, and (g) Other Equity-Based Awards. 3,000,000 shares are available for issuance under the 2021 Plan. The shares available for issuance may be increased annually by the lesser of four percent (4%) of the number of shares of common stock issued and outstanding on the immediately preceding December 31 or such number of shares of common stock as determined by the Committee no later than the immediately preceding December 31.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. Commitments and Contingencies Canelo Sponsorship Agreement On April 14, 2021, we entered into a Sponsorship Agreement (the “Canelo Agreement”) with SA Holiday, Inc. (“Holiday”), owner of the personality rights of champion professional boxer Saul Alvarez Barragan, or “Canelo,” in connection with a promotional campaign for the Corporation to sponsor a prize fight and certain other activities of Canelo, and for Canelo to promote the Corporation’s “VALE” brand and create certain promotional materials in connection therewith for the Corporation’s use in the United States, Latin America and certain countries in the Caribbean. Pursuant to the Canelo Agreement we will, among other things, pay to Holiday a cash fee of US$1,600,000 and be responsible for paying certain other amounts as provided therein. Playboy License Agreement On May 19, 2021, we entered into a non-exclusive license agreement with Playboy Enterprises International, Inc. (“Playboy”) to use certain trademarks (including the rabbit head logo) and other intellectual property of Playboy on and in connection with the design, creation, promotion, marketing, advertisement, sales, operation, maintenance and distribution in India of real-money game mobile apps, such as rummy, poker, fantasy sports and other games of skill approved by Playboy. We will pay Playboy as a royalty a percentage of net gaming revenue. The term of the agreement is through the end of 2025, subject to early termination upon certain events of default, which include our failure to launch a Playboy-branded game in India by November 1, 2021, or to meet certain annual minimum net gaming revenue targets. Legal Contingencies The Company may be subject to legal proceedings from time to time as part of its business activities. As of June 30, 2021 and December 31, 2020, the Company was not subject to any threatened or pending legal actions or claims. Impact of COVID-19 on the Company The global outbreak of COVID-19 has led to severe disruptions in general economic activities, as businesses and governments have taken broad actions to mitigate this public health crisis. Although the Company has not experienced any significant disruption to its business to date, these conditions could significantly negatively impact the Company's business in the future. The extent to which the COVID-19 outbreak ultimately impacts the Company's business, future revenues, results of operations and financial condition will depend on future developments, which are highly uncertain and cannot be predicted, including, but not limited to, the duration and spread of the outbreak, its severity and longevity, the actions to curtail the virus and treat its impact (including an effective vaccine), and how quickly and to what extent normal economic and operating conditions can resume. Even after the COVID-19 outbreak has subsided, the Company may be at risk of experiencing a significant impact to its business as a result of the global economic impact, including any economic downturn or recession that has occurred or may occur in the future. Currently, capital markets have been disrupted by the crisis, as a result of which the availability, amount and type of financing available to the Company in the near future is uncertain and cannot be assured and is largely dependent upon evolving market conditions and other factors. The Company intends to continue to monitor the situation and may adjust its current business plans as more information and guidance become available.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	9. Subsequent Events In August 2021, the Company sold 538,694 shares of common stock at a purchase price of $3.25 per share in a private placement for gross proceeds of $1,750,752. The Company agreed with the purchasers to file with the SEC by August 31, 2021, a registration statement on Form S-1 or other available form to register these shares under the Securities Act for resale, and to use its commercially reasonable efforts to cause such registration statement to become effective within 120 days after such date (or, in the event of a “full review” by the SEC staff, 150 calendar days after such date), and to keep such registration statement effective (with certain exceptions) until all such shares (i) have been sold, thereunder or pursuant to Rule 144 under the Securities Act, or (ii) may be sold without volume or manner-of-sale restrictions pursuant to Rule 144 and without the requirement for the Company to be in compliance with the current public information requirement under Rule 144. The Company will pay all expenses of such registration other than broker or similar commissions or fees or transfer taxes of any selling shareholder. The Company and each holder of such shares agreed to provide customary indemnifications to each other in connection with the registration statement. The Company also agreed to provide to such holders “piggyback” registration rights in certain circumstances. The Company agreed to pay a licensed broker a cash fee equal to 9% of the purchase price paid by certain investors for their shares, to reimburse it for certain expenses, and to issue to the broker warrants to purchase 9.0% of the total number of shares purchased by those investors, at an exercise price of $3.25 per share with a cashless exercise feature, with an expiration date 5 years from date of issuance and with other customary terms and conditions. As a result the Company paid a cash fee to the broker of $130,568 and issued warrants to purchase 40,175 shares of common stock.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Principles of Combination	Principles of Combination The accompanying condensed consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles ("GAAP") and include the financial statements of Gaming US and its wholly-owned foreign subsidiary, Gaming UK. Intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates. Significant estimates are expected to include those related to assumptions used in calculating accruals for potential liabilities, valuing equity instruments issued for services, and the realization of deferred tax assets.
Cash	Cash The Company maintains its cash balances with financial institutions with high credit ratings. The Company has not experienced any losses to date resulting from this practice. As of June 30, 2021 and December 31, 2020, the Company's cash balances by currency consisted of the following: Schedule of cash June 30, 2021 December 31, 2020 GBP £ 14,297 £ 49,127 USD $ 286,988 $ 1,879,166 Cash balances in British Pounds are maintained in the United Kingdom and cash balances in United States Dollars are maintained in the United States.
Concentration of Risk	Concentration of Risk The Company may periodically contract with consultants and vendors to provide services related to the Company's business development activities. Agreements for these services may be for a specific time period or for a specific project or task. The Company did not have any agreements at June 30, 2021 or December 31, 2020.
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with ASC Topic 606, Revenue From Contracts With Customers · Identification of the contract with a customer · Identification of the performance obligations in the contract · Determination of the transaction price · Allocation of the transaction price to the performance obligations in the contract · Recognition of revenue when, or as, the Company satisfies a performance obligation The Company operates an online betting platform allowing users to place wagers on casino games. Each wager placed by users create a single performance obligation for the Company to administer each event wagered. Net gaming revenue is the aggregate of gaming wins and losses based on results of each event that customers wager bets on. Gross gaming revenue is split with our partners, whose share of gross gaming revenue is recorded as a reduction to net gaming revenue.
Cost of Revenue	Cost of Revenue Cost of revenue consists primarily of variable costs related to our contract with Big Bola. These include mainly (i) payment processing fees and chargebacks, (ii) product taxes, (iii) technology costs, (iv) revenue share / market access arrangements, and (v) feed / provider services. The Company incurs payment processing fees on user deposits, withdrawals and deposit reversals from payment processors (“chargebacks”). Chargebacks have not been material to date. Cost of revenue also includes expenses related to the distribution of our services, amortization of intangible assets and compensation of revenue associated personnel.
Stock-Based Compensation	Stock-Based Compensation The Company issues common stock and intends to issue stock options to officers, directors and consultants for services rendered. Options will vest and expire according to terms established at the issuance date of each grant. Stock grants, which are generally time vested, will be measured at the grant date fair value and charged to operations ratably over the vesting period. The fair value of stock options granted as stock-based compensation will be determined utilizing the Black-Scholes option-pricing model, and can be affected by several variables, the most significant of which are the 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. Estimated volatility will be based on the historical volatility of the Company's common stock over an appropriate calculation period, or, if not available, by reference to the volatility of a representative sample of comparable public companies. The risk-free interest rate will be based on the U.S. Treasury yield curve in effect at the time of grant. The fair market value of the common stock will be determined by reference to the quoted market price of the Company's common stock on the grant date, or, if not available, by reference to an appropriate alternative valuation methodology. The Company will recognize the fair value of stock-based compensation awards in general and administrative costs or in software development costs, as appropriate, in the Company's condensed consolidated statements of operations. The Company will issue new shares of common stock to satisfy stock option exercises. As of June 30, 2021 and December 31, 2020, the Company did no
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income or loss is defined as the change in equity during a period from transactions and other events and circumstances from non-owner sources. Components of comprehensive income or loss, including net income or loss, unrealized gains or losses on available-for-sale securities, unrealized gains or losses on other financial investments, unrealized gains or losses on pension and retirement benefit plans, and foreign currency translation adjustments, are reported in the financial statements in the period in which they are recognized. Net income (loss) and other comprehensive income (loss) are reported net of any related tax effect to arrive at comprehensive income (loss). The Company's comprehensive income (loss) for the three months ended June 30, 2021 and 2020 consists of foreign currency translation adjustments.
Earnings (Loss) Per Share	Earnings (Loss) Per Share The Company's computation of earnings (loss) per share ("EPS") includes basic and diluted EPS. Basic EPS is measured as the income (loss) attributable to common stockholders divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible notes payable, convertible preferred stock, warrants and stock options) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. Loss per common share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the respective periods. At June 30, 2021 and December 31, 2020, the Company excluded warrants to acquire 234,000 shares of common stock from its calculation of loss per share as their effect would be antidilutive. Basic and diluted loss per common share is the same for all periods presented because the aforementioned warrants were antidilutive. The Company has adopted ASU 2017-11, Earnings per share (Topic 260), provided that when determining whether certain financial instruments should be classified as liability or equity instruments, a down round feature no longer precludes equity classification when assessing whether the instrument is indexed to an entity’s own stock.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The authoritative guidance with respect to fair value established a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels and requires that assets and liabilities carried at fair value be classified and disclosed in one of three categories, as presented below. Disclosure as to transfers in and out of Levels 1 and 2, and activity in Level 3 fair value measurements, is also required. Level 1. Observable inputs such as quoted prices in active markets for an identical asset or liability that the Company has the ability to access as of the measurement date. Financial assets and liabilities utilizing Level 1 inputs include active-exchange traded securities and exchange-based derivatives. Level 2. Inputs, other than quoted prices included within Level 1, which are directly observable for the asset or liability or indirectly observable through corroboration with observable market data. Financial assets and liabilities utilizing Level 2 inputs include fixed income securities, non-exchange-based derivatives, mutual funds, and fair-value hedges. Level 3. Unobservable inputs in which there is little or no market data for the asset or liability which requires the reporting entity to develop its own assumptions. Financial assets and liabilities utilizing Level 3 inputs include infrequently-traded non-exchange-based derivatives and commingled investment funds and are measured using present value pricing models. The Company will determine the level in the fair value hierarchy within which each fair value measurement falls in its entirety, based on the lowest level input that is significant to the fair value measurement in its entirety. In determining the appropriate levels, the Company will perform an analysis of the assets and liabilities at each reporting period end. The carrying value of financial instruments (consisting of cash and accounts payable and accrued expenses) is considered to be representative of their respective fair values due to the short-term nature of those instruments.
Foreign Currency	Foreign Currency The accompanying condensed consolidated financial statements are presented in United States dollars ("USD"). The functional currency of Gaming UK, the Company's foreign subsidiary, is the British Pound (“GBP”), the local currency in the United Kingdom. Accordingly, assets and liabilities of the foreign subsidiary are translated at the current exchange rate at the end of the period, and revenues and expenses are translated at average exchange rates during the six months ended June 30, 2021 and the year ended December 31, 2020. The resulting translation adjustments are recorded as a component of shareholders' equity (deficiency). Gains and losses from foreign currency transactions are included in net income (loss). Translation of amounts from the local currencies of the foreign subsidiary, Gaming UK, into USD has been made at the following exchange rates for the respective periods: Foreign currency exchange rates table As of and for the Six months ended June 30, 2021 Year ended December 31, 2020 Period-end GBP to USD1.00 exchange rate 1.3801 1.3652 Period-average GBP to USD1.00 exchange rate 1.3885 1.2825
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"). ASU 2016-13 significantly changes how entities measure credit losses for most financial assets, including accounts and notes receivables. ASU 2016-13 will replace the current "incurred loss" approach with an “expected loss” model, under which companies will recognize allowances based on expected rather than incurred losses. Entities will apply the provisions of ASU 2016-13 as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which ASU 2016-13 is effective. As small business filer, ASU 2016-13 will be effective for the Company for interim and annual reporting periods beginning after December 15, 2022. Management is currently in the process of assessing the impact of adopting ASU-2016-13 on the Company's financial statements and related disclosures. In August 2020, the FASB issued ASU 2020-06, Debt — Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06). ASU 2020-06 simplifies the accounting for convertible debt by eliminating the beneficial conversion and cash conversion accounting models. Upon adoption of ASU 2020-06, convertible debt proceeds, unless issued with a substantial premium or an embedded conversion feature that is not clearly and closely related to the host contract, will no longer be allocated between debt and equity components. This modification will reduce the issue discount and result in less non-cash interest expense in financial statements. ASU 2020-06 also updates the earnings per share calculation and requires entities to assume share settlement when the convertible debt can be settled in cash or shares. ASU 2020-06 will be effective January 1, 2024, and a cumulative-effect adjustment to the opening balance of retained earnings is required upon adoption. Early adoption is permitted, but no earlier than January 1, 2021, including interim periods within that year. The Company adopted ASU 2020-06 effective January 1, 2021. The adoption of ASU 2020-06 did not have any impact on the Company’s consolidated financial statement presentation or disclosures. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future condensed consolidated financial statements and related disclosures.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Schedule of cash	Schedule of cash June 30, 2021 December 31, 2020 GBP £ 14,297 £ 49,127 USD $ 286,988 $ 1,879,166

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Schedule of property and equipment June 30, 2021 December 31, 2020 Computer and office equipment $ 32,445 $ 27,307 Less accumulated depreciation (24,124 ) (18,804 ) Computer and office equipment, net $ 8,321 $ 8,503

Intellectual Property (Tables)

Intellectual Property (Tables)	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intellectual property	Schedule of intellectual property June 30, 2021 December 31, 2020 Software $ 194,978 $ 194,978 Internet domain name 187,400 13,055 Total intellectual property 382,378 208,033 Less accumulated amortization (192,137 ) (157,066 ) Intellectual property, net $ 190,241 $ 50,967

Note Payable to Bank (Tables)

Note Payable to Bank (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of debt maturities	Schedule of debt maturities Year ended December 31, Amount 2021 $ 2,241 2022 10,137 2023 10,137 2024 10,137 2025 10,137 Thereafter 22,193 Total payments 64,982 Less current portion 13,990 Debt maturity, noncurrent $ 50,992

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Schedule of warrant activity	Schedule of warrant activity Warrants Weighted Weighted Aggregate Outstanding on December 31, 2020 90,000 $ 2.50 4.84 $ – Granted 144,000 2.50 4.78 – Exercised – – – – Outstanding on June 30, 2021 234,000 $ 2.50 4.59 $ –

Organization and Basis of Pre_2

Organization and Basis of Presentation (Details Narrative) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 4,226,789		$ 366,678	$ 6,607,612	$ 618,182
Cash used in operating activities				5,119,769	423,487
Accumulated deficit	14,573,805			14,573,805		$ 7,966,193
Cash	$ 306,719		$ 56,799	306,719	56,799	$ 1,946,232	$ 320,402
Proceeds from sale of stock				$ 3,681,500	$ 210,000
Marketing development costs		$ 3,524,643

Schedule of cash (Details)

Schedule of cash (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Cash	$ 306,719	$ 1,946,232	$ 56,799	$ 320,402
United Kingdom, Pounds
Cash	14,297	49,127
United States of America, Dollars
Cash	$ 286,988	$ 1,879,166

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details - Foreign Currency)	Jun. 30, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Translation rate at period end	1.3801	1.3652

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details Narrative) - shares	Jun. 30, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Options outstanding	0	0

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Computer and office equipment	$ 32,445	$ 27,307
Less accumulated depreciation	(24,124)	(18,804)
Computer and office equipment, net	$ 8,321	$ 8,503

Property and Equipment (Detai_2

Property and Equipment (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation	$ 5,320	$ 3,844

Intellectual Property (Details

Intellectual Property (Details - Property) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Intellectual property, gross	$ 382,378	$ 208,033
Less: accumulated amortization	(192,137)	(157,066)
Intellectual property, net	190,241	50,967
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Intellectual property, gross	194,978	194,978
Internet Domain Name [Member]
Finite-Lived Intangible Assets [Line Items]
Intellectual property, gross	$ 187,400	$ 13,055

Intellectual Property (Detail_2

Intellectual Property (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 15,150	$ 14,697	$ 35,071	$ 30,011

Note Payable to Bank (Details -

Note Payable to Bank (Details - Debt maturities)	Jun. 30, 2021USD ($)
Debt Disclosure [Abstract]
2021	$ 2,241
2022	10,137
2023	10,137
2024	10,137
2025	10,137
Thereafter	22,193
Total payments	64,982
Less current portion	13,990
Debt maturity, noncurrent	$ 50,992

Note Payable to Bank (Details N

Note Payable to Bank (Details Narrative) - USD ($)	5 Months Ended	6 Months Ended
	Jun. 09, 2020	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Note payable to bank current		$ 13,990	$ 2,241
Bounce Back Loan Scheme [Member]
Debt Instrument [Line Items]
Debt face amount	$ 60,600
Debt maturity term	72 months
Debt interest rate	2.50%
Interest expense		731
Note payable to bank		64,982
Note payable to bank current		$ 13,990
Bounce Back Loan Scheme [Member] | United Kingdom, Pounds
Debt Instrument [Line Items]
Debt face amount	$ 47,600

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Due to related parties	$ 12,588		$ 14,918
Jason Drummond [Member]
Related Party Transaction [Line Items]
Related party costs and expenses	390,307	$ 165,081
Due to related parties	$ 12,588		$ 14,918

Stockholders' Equity (Details -

Stockholders' Equity (Details - Warrants) - Warrant [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Warrants Outstanding, Beginning	90,000
Weighted Average Exercise Price Outstanding, Ending	$ 2.50	$ 2.50
Weighted average remaining contractual life, outstanding	4 years 7 months 2 days	4 years 10 months 2 days
Aggregate intrinsic value, outstanding	$ 0
Number of Warrants Granted	144,000
Weighted Average Exercise Price Granted	$ 2.50
Aggregate intrinsic value, Granted	$ 0
Number of Warrants Exercised	0
Number of Warrants Outstanding, Ending	234,000	90,000
Aggregate intrinsic value, outstanding	$ 0	$ 0

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	Feb. 03, 2021	Feb. 28, 2021	Jan. 31, 2021	Jun. 30, 2021	Nov. 06, 2020
Class of Stock [Line Items]
Unvested stock compensation				$ 708,333
Consultant [Member]
Class of Stock [Line Items]
Stock issued for services, shares					50,000
Stock issued for services, value					$ 125,000
Consultant 2 [Member]
Class of Stock [Line Items]
Stock issued for services, shares			200,000
Stock issued for services, value			$ 500,000
Consultant 4 [Member]
Class of Stock [Line Items]
Term		1 year
Shares issued advertising campaign, shares		333,334
Shares issued advertising campaign, value		$ 833,335
Consultant 3 [Member]
Class of Stock [Line Items]
Stock issued for services, shares				3,600
Stock issued for services, value				$ 9,000
Private Placement [Member]
Class of Stock [Line Items]
Number of stock sold				10,000
Proceeds from sale of stock				$ 25,000
Securities Purchase Agreement [Member] | Private Placement [Member] | Accreditedinvestors [Member]
Class of Stock [Line Items]
Number of stock sold	1,606,600
Proceeds from sale of stock	$ 4,016,500
Legal fees paid with issuance	360,000
Payment of stock issuance fees	$ 3,656,500
Warrants granted	144,000
Exercise price	$ 2.50
Term	5 years