Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Intangible Assets

v3.23.3
Intangible Assets
9 Months Ended
Sep. 30, 2023
Intangible Assets [Abstract]  
INTANGIBLE ASSETS
10. 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 nine month period ended September 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     19,006      
-
     
-
     
-
      19,006  
At September 30, 2023     14,767,077       3,645,622       514,445       1,306,593       20,223,737  
Accumulated amortization                                        
At December 31, 2021     9,614,894       345,715      
-
      58,333       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     1,361,639       265,797      
-
      355,701       1,983,137  
At September 30, 2023     12,705,859       1,302,942      
-
      1,130,701       15,139,502  
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 September 30, 2023     2,061,218       2,342,680       514,445       175,892       5,094,235