v3.25.2
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
6 Months Ended
Jun. 30, 2025
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION  
Schedule of segment reporting information

 

 

For the six months ended

 

 

 

June 30, 2025

 

 

 

MeridianBet Group

 

 

GMAG

 

 

RKings & CFAC

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$56,934,460

 

 

$7,471,339

 

 

$21,562,622

 

 

$85,968,421

 

Cost of revenue

 

 

(16,574,445)

 

 

(5,193,436)

 

 

(15,538,957)

 

 

(37,306,838)

Segment gross profit

 

 

40,360,015

 

 

 

2,277,903

 

 

 

6,023,665

 

 

 

48,661,583

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

 

7,051,698

 

 

 

695,041

 

 

 

1,122,520

 

 

 

8,869,259

 

Salaries and wages

 

 

10,845,152

 

 

 

686,109

 

 

 

527,276

 

 

 

12,058,537

 

Professional fees

 

 

1,322,989

 

 

 

159,442

 

 

 

47,602

 

 

 

1,530,033

 

Marketing expenses

 

 

9,560,442

 

 

 

425,762

 

 

 

2,765,174

 

 

 

12,751,378

 

Rents and utilities

 

 

3,354,862

 

 

 

61,873

 

 

 

92,569

 

 

 

3,509,304

 

Bad debt expense

 

 

168,929

 

 

 

-

 

 

 

-

 

 

 

168,929

 

Segment income from operations

 

 

8,055,943

 

 

 

249,676

 

 

 

1,468,524

 

 

 

9,774,143

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Holding company expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,180,146

 

Restructuring costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

149,934

 

Stock-based compensation expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,456,639

 

Depreciation expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,780,271

 

Amortization expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,618,020

 

Total income (loss) from operations

 

 

 

 

 

 

 

 

 

 

 

 

 

$(2,410,867)
Schedule of Long-lived assets by geographic region

 

 

For the three months ended

 

 

For the six months ended

 

 

 

June 30, 2025

 

 

June 30, 2024

 

 

June 30, 2025

 

 

June 30, 2024

 

UK

 

$8,376,630

 

 

 

19%

 

$9,656,962

 

 

 

25%

 

$17,227,980

 

 

 

20%

 

$9,656,962

 

 

 

15%

Europe (UK-Excl.)

 

 

24,107,757

 

 

 

56%

 

 

21,449,953

 

 

 

54%

 

 

46,981,218

 

 

 

55%

 

 

42,336,831

 

 

 

66%

Central and South America

 

 

2,235,236

 

 

 

5%

 

 

1,187,936

 

 

 

3%

 

 

4,121,450

 

 

 

5%

 

 

1,970,647

 

 

 

3%

Asia Pacific (Australia Excl.)

 

 

3,249,355

 

 

 

8%

 

 

4,224,813

 

 

 

11%

 

 

6,390,922

 

 

 

7%

 

 

4,224,813

 

 

 

7%

Australia

 

 

1,881,295

 

 

 

4%

 

 

-

 

 

 

-

 

 

 

4,334,642

 

 

 

5%

 

 

-

 

 

 

-

 

Africa

 

 

3,395,095

 

 

 

8%

 

 

2,895,578

 

 

 

7%

 

 

6,912,209

 

 

 

8%

 

 

6,076,576

 

 

 

9%

Total

 

$43,245,368

 

 

 

100%

 

$39,415,242

 

 

 

100%

 

$85,968,421

 

 

 

100%

 

$64,265,829

 

 

 

100%