| 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 six month period ended
June 30, 2023.
| |
|
Software
|
|
|
Customer
Relationships |
|
|
Tradename
|
|
|
Developed
Technology |
|
|
Total
|
|
| Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| At December 31, 2021 |
|
|
12,251,450 |
|
|
|
4,840,000 |
|
|
|
750,000 |
|
|
|
1,550,000 |
|
|
|
19,391,450 |
|
| Additions |
|
|
2,496,621 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
2,496,621 |
|
| Impairments |
|
|
- |
|
|
|
(1,194,378 |
) |
|
|
(235,555 |
) |
|
|
(243,407 |
) |
|
|
(1,673,340 |
) |
| At December 31, 2022 |
|
|
14,748,071 |
|
|
|
3,645,622 |
|
|
|
514,445 |
|
|
|
1,306,593 |
|
|
|
20,214,731 |
|
| Additions |
|
|
14,569 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
14,569 |
|
| At June 30, 2023 |
|
|
14,762,640 |
|
|
|
3,645,622 |
|
|
|
514,445 |
|
|
|
1,306,593 |
|
|
|
20,229,300 |
|
| Accumulated amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| At December 31, 2021 |
|
|
9,614,894 |
|
|
|
345,715 |
|
|
|
- |
|
|
|
258,333 |
|
|
|
10,218,942 |
|
| Amortization |
|
|
1,729,326 |
|
|
|
691,430 |
|
|
|
- |
|
|
|
516,667 |
|
|
|
2,937,423 |
|
| At December 31, 2022 |
|
|
11,334,220 |
|
|
|
1,037,145 |
|
|
|
- |
|
|
|
775,000 |
|
|
|
13,156,365 |
|
| Amortization |
|
|
957,620 |
|
|
|
177,198 |
|
|
|
- |
|
|
|
237,133 |
|
|
|
1,371,951 |
|
| At June 30, 2023 |
|
|
12,301,840 |
|
|
|
1,214,343 |
|
|
|
- |
|
|
|
1,012,133 |
|
|
|
14,528,316 |
|
| Carrying amounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| At December 31, 2021 |
|
|
2,636,556 |
|
|
|
4,494,285 |
|
|
|
750,000 |
|
|
|
1,291,667 |
|
|
|
9,172,507 |
|
| At December 31, 2022 |
|
|
3,403,851 |
|
|
|
2,608,477 |
|
|
|
514,445 |
|
|
|
531,593 |
|
|
|
7,058,366 |
|
| At June 30, 2023 |
|
|
2,460,800 |
|
|
|
2,431,279 |
|
|
|
514,445 |
|
|
|
294,460 |
|
|
|
5,700,984 |
|
|