| Schedule of goodwill |
The
following table presents the changes in the carrying amount of goodwill:
Schedule of goodwill
| Balance, December 31, 2023 | |
$ | 16,303,989 | |
| Acquisition of FaZe | |
| 7,147,428 | |
| Disposal of Frankly Media assets | |
| (3,315,139 | ) |
| Impairment of Stream Hatchet | |
| (4,945,299 | ) |
| Impairment of Sideqik | |
| (2,486,000 | ) |
| Balance, December 31, 2024 | |
$ | 12,704,979 | |
| Disposal of FaZe Media | |
| (7,147,428 | ) |
| Acquisition of Click | |
| 5,496,529 | |
| Impairment of Frankly | |
| (5,141,849 | ) |
| Balance, December 31, 2025 | |
$ | 5,912,230 | |
|
| Schedule of intangible assets |
Intangible
assets consist of the following:
Schedule of intangible assets
| | |
As of December 31, 2025 | |
| | |
Original cost | | |
Accumulated amortization | | |
Accumulated impairment losses | | |
Carrying value | |
| Customer relationships | |
$ | 10,058,887 | | |
$ | (2,453,587 | ) | |
$ | (6,049,195 | ) | |
$ | 1,556,105 | |
| Talent network | |
| 3,940,000 | | |
| (596,861 | ) | |
| (300,000 | ) | |
| 3,043,139 | |
| Brand name | |
| 3,133,463 | | |
| (1,534,035 | ) | |
| (784,220 | ) | |
| 815,208 | |
| Software | |
| 1,830,000 | | |
| (608,589 | ) | |
| (1,221,411 | ) | |
| - | |
| Total intangible assets | |
$ | 18,962,350 | | |
$ | (5,193,072 | ) | |
$ | (8,354,826 | ) | |
$ | 5,414,452 | |
| | |
As of December 31, 2024 | |
| | |
Original cost | | |
Accumulated amortization | | |
Accumulated impairment losses | | |
Carrying value | |
| Customer relationships | |
$ | 12,058,560 | | |
$ | (2,056,023 | ) | |
$ | (2,655,946 | ) | |
$ | 7,346,591 | |
| Talent network | |
| 1,100,000 | | |
| (458,333 | ) | |
| - | | |
| 641,667 | |
| Brand name | |
| 9,540,261 | | |
| (1,478,563 | ) | |
| (784,220 | ) | |
| 7,277,478 | |
| Software | |
| 1,830,000 | | |
| (608,589 | ) | |
| (1,221,411 | ) | |
| - | |
| Total intangible assets | |
$ | 24,528,821 | | |
$ | (4,601,508 | ) | |
$ | (4,661,577 | ) | |
$ | 15,265,736 | |
|
| Schedule of amortization expense for intangible assets |
Amortization
expense for intangible assets is expected to be as follows over the next five years, and thereafter:
Schedule of amortization expense for intangible assets
| | |
| | |
| 2026 | |
$ | 1,129,080 | |
| 2027 | |
| 834,800 | |
| 2028 | |
| 834,800 | |
| 2029 | |
| 834,800 | |
| 2030 | |
| 641,022 | |
| Thereafter | |
| 1,139,950 | |
| Total estimated amortization expense | |
$ | 5,414,452 | |
|