v3.26.1
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
3 Months Ended
Mar. 31, 2026
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION  
Schedule of segment reporting information

 

 

For the three months ended

 

 

 

March 31, 2026

 

 

 

MeridianBet Group

 

 

GMAG

 

 

RKings & CFAC

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

34,863,031

 

 

 

3,133,292

 

 

 

12,107,547

 

 

 

50,103,870

 

Cost of revenue

 

 

(10,716,303)

 

 

(2,070,924)

 

 

(9,172,403)

 

 

(21,959,630)

Segment gross profit

 

 

24,146,728

 

 

 

1,062,368

 

 

 

2,935,144

 

 

 

28,144,240

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

 

4,295,523

 

 

 

562,333

 

 

 

545,729

 

 

 

5,403,585

 

Salaries and wages

 

 

5,945,922

 

 

 

425,406

 

 

 

336,335

 

 

 

6,707,663

 

Professional fees

 

 

593,879

 

 

 

37,311

 

 

 

25,900

 

 

 

657,090

 

Marketing expenses

 

 

4,504,926

 

 

 

258,954

 

 

 

1,628,573

 

 

 

6,392,453

 

Rents and utilities

 

 

2,156,687

 

 

 

42,648

 

 

 

42,921

 

 

 

2,242,256

 

Bad debt expense

 

 

15,763

 

 

 

86,413

 

 

 

-

 

 

 

102,176

 

Segment income/(loss) from operations

 

 

6,634,028

 

 

 

(350,697)

 

 

355,686

 

 

 

6,639,017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Holding company expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

772,706

 

Stock-based compensation expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

248,057

 

Depreciation expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,435,955

 

Amortization expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,025,175

 

Total income (loss) from operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,157,124

 

Schedule of long-lived assets by geographic region

 

 

For the three months ended

 

 

 

March 31,

2026

 

 

March 31,

2025

 

UK

 

$9,948,603

 

 

$8,851,350

 

Europe (UK-Excl.)

 

 

27,677,492

 

 

 

22,873,461

 

Central and South America

 

 

2,797,565

 

 

 

1,886,214

 

Asia Pacific (Australia Excl.)

 

 

2,440,899

 

 

 

3,141,567

 

Australia

 

 

2,158,944

 

 

 

2,453,347

 

Africa

 

 

5,080,367

 

 

 

3,517,114

 

Total

 

$50,103,870

 

 

$42,723,053