| Schedule of Finite Lived Intangible Assets Amortization Expenses |
Gross
carrying values and accumulated amortization of intangible assets:
Schedule
of Finite Lived Intangible Assets Amortization Expenses
| | |
June 30, 2024 | | |
December 31, 2023 | |
| | |
| | |
Gross | | |
| | |
| | |
Gross | | |
| | |
| |
| | |
Useful | | |
Carrying | | |
Accumulated | | |
| | |
Carrying | | |
Accumulated | | |
| |
| | |
Life | | |
Amount | | |
Amortization | | |
Net | | |
Amount | | |
Amortization | | |
Net | |
| Amortizing intangible assets | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Customer relationships | |
| 6 years | | |
$ | 1,350,000 | | |
$ | (1,118,889 | ) | |
$ | 231,111 | | |
$ | 1,350,000 | | |
$ | (1,006,389 | ) | |
$ | 343,611 | |
| Trade name | |
| 6 years | | |
| 2,550,000 | | |
| (1,698,265 | ) | |
| 851,735 | | |
| 2,550,000 | | |
| (1,555,925 | ) | |
| 994,075 | |
| Technology | |
| 6 years | | |
| 3,050,000 | | |
| (2,467,278 | ) | |
| 582,722 | | |
| 3,050,000 | | |
| (2,257,205 | ) | |
| 792,795 | |
| Software agreements | |
| 6 years | | |
| 14,450,000 | | |
| (10,092,500 | ) | |
| 4,357,500 | | |
| 14,450,000 | | |
| (8,791,944 | ) | |
| 5,658,056 | |
| Gaming license | |
| 6 years | | |
| 4,020,000 | | |
| (2,010,000 | ) | |
| 2,010,000 | | |
| 4,020,000 | | |
| (1,675,000 | ) | |
| 2,345,000 | |
| Internally developed software | |
| 2
- 10 years | | |
| 2,904,473 | | |
| (861,169 | ) | |
| 2,043,304 | | |
| 2,192,050 | | |
| (737,053 | ) | |
| 2,167,420 | |
| Domain name | |
| 15 years | | |
| 6,935,000 | | |
| (1,785,250 | ) | |
| 5,149,750 | | |
| 6,935,000 | | |
| (1,554,083 | ) | |
| 5,380,917 | |
| | |
| | | |
$ | 35,259,473 | | |
$ | (20,033,351 | ) | |
$ | 15,226,071 | | |
$ | 34,547,050 | | |
$ | (17,577,599 | ) | |
$ | 17,681,874 | |
|
Gross carrying values and accumulated amortization of intangible assets:
Schedule
of Finite Lived Intangible Assets Amortization Expenses
| |
|
December
31, 2023 |
|
|
December
31, 2022 |
|
| |
|
Useful
Life |
|
Gross
Carrying Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
Gross
Carrying Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
| Amortizing intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Customer relationships |
|
6 years |
|
$ |
1,350,000 |
|
|
$ |
(1,006,389 |
) |
|
$ |
343,611 |
|
|
$ |
1,350,000 |
|
|
$ |
(781,385 |
) |
|
$ |
568,615 |
|
| Trade name |
|
6 years |
|
|
2,550,000 |
|
|
|
(1,555,925 |
) |
|
|
994,075 |
|
|
|
2,550,000 |
|
|
|
(642,222 |
) |
|
|
1,907,778 |
|
| Technology |
|
6 years |
|
|
3,050,000 |
|
|
|
(2,257,205 |
) |
|
|
792,795 |
|
|
|
3,050,000 |
|
|
|
(1,437,778 |
) |
|
|
1,612,222 |
|
| Software agreements |
|
6 years |
|
|
14,450,000 |
|
|
|
(8,791,944 |
) |
|
|
5,658,056 |
|
|
|
14,450,000 |
|
|
|
(5,968,611 |
) |
|
|
8,481,389 |
|
| Gaming license |
|
6 years |
|
|
4,020,000 |
|
|
|
(1,675,000 |
) |
|
|
2,345,000 |
|
|
|
4,020,000 |
|
|
|
(1,005,000 |
) |
|
|
3,015,000 |
|
| Internally developed software |
|
2 - 10 years |
|
|
2,904,473 |
|
|
|
(737,053 |
) |
|
|
2,167,420 |
|
|
|
2,192,050 |
|
|
|
(350,232 |
) |
|
|
2,554,241 |
|
| Domain name |
|
15 years |
|
|
6,935,000 |
|
|
|
(1,554,083 |
) |
|
|
5,380,917 |
|
|
|
6,935,000 |
|
|
|
(1,091,750 |
) |
|
|
5,843,250 |
|
| |
|
|
|
$ |
35,259,473 |
|
|
$ |
(17,577,599 |
) |
|
$ |
17,681,874 |
|
|
$ |
34,547,050 |
|
|
$ |
(11,276,978 |
) |
|
$ |
23,982,495 |
|
|
| Schedule of Estimated Amortization Expense |
Estimated
amortization expense for years of useful life remaining is as follows:
Schedule
of Estimated Amortization Expense
| Years ending December 31, | |
Amount | |
| 2024 | |
$ | 3,461,286 | |
| 2025 | |
| 4,509,655 | |
| 2026 | |
| 1,557,322 | |
| 2027 | |
| 692,380 | |
| | |
| 1,245,517 | |
| Thereafter | |
| 5,005,428 | |
| | |
| 4,454,892 | |
| Total | |
$ | 15,226,071 | |
|
Estimated
amortization expense for years of useful life remaining is as follows: double check future amortization.
Schedule
of Estimated Amortization Expense
| Years ending December 31, | |
Amount | |
| 2024 | |
$ | 4,829,655 | |
| 2025 | |
| 4,509,655 | |
| 2026 | |
| 2,642,155 | |
| 2027 | |
| 1,245,517 | |
| Thereafter | |
| 4,454,892 | |
| Total | |
$ | 17,681,874 | |
|