Intangible Assets |
12 Months Ended | ||
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Dec. 31, 2024 | |||
| Intangible Assets [Abstract] | |||
| INTANGIBLE ASSETS |
Intangible assets were comprised of a business-to-business software platform that allows video game publishers and developers to offer prize-based matches of their games to their players. The Company continued to develop new apps, therefore additional costs were capitalized during the years ended December 31, 2023. During the year ended December 31, 2023, the Company completed an impairment analysis of its intangible assets and concluded the assets were impaired. As a result, the Company impaired the remaining carrying value of the intangible assets in the amount of $3,968,332. Prior to the full impairment, the Company had gross carrying values of $14,734,942, $3,170,966, $420,833, and $1,209,861 for the Company’s software, customer relationships, tradename and developed technology, respectively. The Company’s gross carrying values were netted against the accumulated amortization of $11,311,681, $1,425,112, $0, and $1,064,907 for the Company’s software, customer relationships, tradename and developed technology, respectively. |
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- References No definition available.
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- Definition The entire disclosure for all or part of the information related to intangible assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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