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ADVANCES FOR INTANGIBLE ASSETS | 10. ADVANCES FOR INTANGIBLE ASSETS
Advances for Sports League management System represent the purchase consideration for the purchase of the Core Engine from Crickslab in the form of 10,000,000 shares of common stock, valued at $1.00 per share, totaling $10,000,000. The Core Engine was acquired to develop a Sports League Management System for baseball, soft ball and related sports.
Advances for Digital Lending Platform represent payments made for development of software related to a digital lending platform. |