v3.26.1
ACQUISITIONS (Tables)
6 Months Ended
Jun. 30, 2026
ACQUISITIONS  
Schedule of purchase price and the assets acquired, and liabilities assumed

Calculation of Purchase Price and Purchase Price Allocation

 

 

 

Purchase price buildup

 

Amount

 

Fair value of 67,532 restricted shares at $25.02 per share

 

$1,689,663

 

Closing cash consideration of AUD $6,780,000 based on the Exchange Rate on August 1, 2024

 

$4,430,053

 

A cash payment of AUD $33,808 representing 80% of the agreed value of the net assets of Classics on the effective date of August 1, 2024

 

$22,090

 

Fair value of Holdback Cash consideration of AUD $500,000

 

$326,700

 

Fair value of 8,416 Earnout shares at $12.12 per share (Share price on October 28, 2025)

 

$102,006

 

Earnout Cash of AUD $910,000 based on Exchange rate on October 28, 2025

 

$597,324

 

Purchase price

 

$7,167,836

 

Fair value of non-controlling interest

 

 

1,422,000

 

Equity value

 

$8,589,836

 

Add: Current liabilities

 

 

1,693,838

 

Add: Deferred tax liabilities

 

 

948,020

 

Total equity and liabilities

 

$11,231,694

 

 

 

 

 

 

Allocation to assets

 

 

 

 

Cash and cash equivalents

 

$325,971

 

Prepaid expenses

 

 

80,586

 

Inventory, prizes

 

 

510,299

 

Accounts receivable

 

 

5,533

 

Property, Plant & Equipment, net

 

 

98,498

 

Total tangible assets

 

$1,020,887

 

 

 

 

 

 

Intangible assets

 

 

 

 

In-house Software

 

$10,068

 

Trade Names and Trademarks

 

 

2,320,000

 

Non‐Compete Agreements

 

 

280,000

 

Customer Relationships

 

 

550,000

 

Total intangible assets

 

$3,160,068

 

 

 

 

 

 

Goodwill

 

 

7,050,739

 

Total assets allocated

 

$11,231,694

 

Schedule of preliminary purchase price allocation

 

 

EUR

 

 

USD

 

Purchase Price

 

 

 

 

 

 

Cash consideration for 100% of issued share capital

 

392,250

 

 

$459,756

 

Total Purchase Price

 

392,250

 

 

$459,756

 

 

 

 

 

 

 

 

 

 

Allocation to Tangible Assets (Net)

 

 

 

 

 

 

 

 

Property, plant & equipment, net

 

171,376

 

 

$200,870

 

Net working capital

 

(136,839)

 

$(160,388)

Long-term liability

 

(264,783)

 

$(310,352)

Total net tangible assets

 

(230,246)

 

$(269,870)

 

 

 

 

 

 

 

 

 

Allocation to Intangible Assets

 

 

 

 

 

 

 

 

Gaming license

 

75,000

 

 

$87,908

 

Customer relationships

 

134,235

 

 

$157,337

 

Trade names and trademarks

 

91,292

 

 

$107,003

 

Total identified intangible assets

 

300,527

 

 

$352,248

 

 

 

 

 

 

 

 

 

 

Goodwill

 

321,969

 

 

$377,379

 

 

 

 

 

 

 

 

 

 

Total assets allocated

 

392,250

 

 

$459,756