| INTANGIBLE ASSETS |
Intangible
assets are 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 continues to develop new apps, therefore additional costs were capitalized during
the period ended June 30, 2022.
| |
|
Software
|
|
|
Customer Relationships |
|
|
Tradename
|
|
|
Developed Technology |
|
|
Total
|
|
| Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| At December 31, 2020 |
|
|
9,914,104 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
9,914,104 |
|
| Foreign currency adjustment |
|
|
(47,444 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(47,444 |
) |
| Additions |
|
|
2,352,248 |
|
|
|
4,840,000 |
|
|
|
750,000 |
|
|
|
1,550,000 |
|
|
|
9,492,248 |
|
| At December 31, 2021 |
|
|
12,218,908 |
|
|
|
4,840,000 |
|
|
|
750,000 |
|
|
|
1,550,000 |
|
|
|
19,358,908 |
|
| Additions |
|
|
1,515,040 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,515,041 |
|
| At June 30, 2022 |
|
|
13,733,948 |
|
|
|
4,840,000 |
|
|
|
750,000 |
|
|
|
1,550,000 |
|
|
|
20,873,948 |
|
| Accumulated amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| At December 31, 2020 |
|
|
8,176,688 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
8,176,688 |
|
| Amortization |
|
|
1,304,991 |
|
|
|
403,333 |
|
|
|
- |
|
|
|
301,389 |
|
|
|
2,009,713 |
|
| At December 31, 2021 |
|
|
9,481,679 |
|
|
|
403,333 |
|
|
|
- |
|
|
|
301,389 |
|
|
|
10,186,401 |
|
| Amortization |
|
|
796,848 |
|
|
|
288,096 |
|
|
|
- |
|
|
|
215,278 |
|
|
|
1,300,222 |
|
| At June 30, 2022 |
|
|
10,278,527 |
|
|
|
691,429 |
|
|
|
- |
|
|
|
516,667 |
|
|
|
11,486,623 |
|
| Carrying amounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| At December 31, 2020 |
|
|
1,737,416 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,737,416 |
|
| At December 31, 2021 |
|
|
2,737,229 |
|
|
|
4,436,667 |
|
|
|
750,000 |
|
|
|
1,248,611 |
|
|
|
9,172,507 |
|
| At June 30, 2022 |
|
|
3,455,421 |
|
|
|
4,148,571 |
|
|
|
750,000 |
|
|
|
1,033,333 |
|
|
|
9,387,325 |
|
|