Acquisitions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Acquisitions [Abstract] | |
| Acquisitions | Note 3 – Acquisitions
During October 2025, the Company entered into an asset purchase agreement (the “APA”) with Reality Sports Online, Inc. Pursuant to the APA, the Seller agreed to sell, and the Company agreed to purchase a technology platform, intellectual property, and other related assets associated with the Seller’s business (the “Purchased Assets”).
At the closing of the transaction on November 14, 2025, the Company agreed to pay $205,000 to the Seller and issue to the Seller, 5,300,000 shares of its common stock at an aggregate fair value of $646,600. The 5,300,000 shares of common shares were issued on January 14, 2026. The acquisition of RSO was accounted for as an asset acquisition.
The entirety of the purchase price of RSO, in addition to approximately $24,000 of direct transaction costs, was allocated to the technology platform, resulting in an approximate book value of $876,000 and a useful life of . The asset was placed in service as of the acquisition date and included in capitalized software. During the three and six months ended June 30, 2026, the Company did not capitalize any additional RSO software development costs. The Company recorded RSO amortization expense of approximately $74,000 and $147,000 for the three and six months ended June 30, 2026. |