| 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 September
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 |
|
|
2,096,982 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
2,096,982 |
|
| At September 30, 2022 |
|
|
14,315,890 |
|
|
|
4,840,000 |
|
|
|
750,000 |
|
|
|
1,550,000 |
|
|
|
21,455,890 |
|
| 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 |
|
|
1,091,554 |
|
|
|
460,952 |
|
|
|
- |
|
|
|
344,444 |
|
|
|
1,896,951 |
|
| At September 30, 2022 |
|
|
10,573,233 |
|
|
|
864,286 |
|
|
|
- |
|
|
|
645,834 |
|
|
|
12,083,353 |
|
| 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 September 30, 2022 |
|
|
3,742,657 |
|
|
|
3,975,714 |
|
|
|
750,000 |
|
|
|
904,166 |
|
|
|
9,372,537 |
|
|