| 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 |
|
|