Elys Game Technology Reports Third Quarter 2023 Business and Financial Results
Elys Game Technology Reports Third Quarter 2023 Business and Financial Results
Management CommentaryNEW YORK, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Elys Game Technology, Corp. ("Elys" or the "Company") (OTC:ELYS) (BER:3UW), an interactive gaming and sports betting technology company, today provided a business update and reported financial results for the third quarter ended September 30, 2023.
紐約，2023年11月20日（環球新聞專線）——互動遊戲和體育博彩技術公司Elys Game Technology, Corp.（“Elys” 或 “公司”）（場外交易代碼：ELYS）（BER: 3UW）今天提供了截至2023年9月30日的第三季度業務最新情況和財務業績。
Third Quarter and Recent Operational Highlights
第三季度及近期運營亮點
- Established a multiyear market access agreement with Caesars Entertainment, unlocking access to the Colorado sports betting market. The strategic agreement signals Elys' first entry into the North American mobile sports betting landscape. Pending regulatory approvals, the Company expects to launch its U.S. mobile sportsbook operations in Colorado in 2024.
- 與凱撒娛樂簽訂了爲期多年的市場準入協議， 解鎖進入科羅拉多體育博彩市場的機會。該戰略協議標誌着Elys首次進入北美移動體育博彩領域。在監管部門批准之前，該公司預計將於2024年在科羅拉多州啓動其美國移動體育博彩業務。
- Introduced www.SportBet.com, the Company's new online and mobile sports betting brand for the United States market. The "5D by Elys" mobile app is included under the brand, forming a comprehensive sports betting platform with cross-platform compatibility. This development positions Elys' online sports betting launch under a highly recognizable, consumer-friendly brand.
- 引入了 www.sportbet.com，該公司爲美國市場推出的全新在線和移動體育博彩品牌。 該品牌下包含 “5D by Elys” 移動應用程序，形成了具有跨平台兼容性的綜合體育博彩平台。這一發展將Elys推出的在線體育博彩置於一個知名度高、對消費者友好的品牌之下。
- Completed installation of its North American hub infrastructure, successfully establishing a robust technology footprint for the expansion of Elys' platform.
- 已完成其北美樞紐基礎設施的安裝，成功地爲Elys平台的擴展建立了強大的技術基礎。
- Multigioco, an Elys subsidiary, unveiled its enhanced offerings in Italy with a revamped online casino, sports betting site, and mobile app. The significant relaunch in the Italian market improves player experience with optimized performance, speed, and a robust security profile while also setting the stage for meaningful cost savings by eliminating expenses associated with trading and risk management, platform development, and iGaming aggregation.
- Elys的子公司Multigioco在意大利推出了其增強型產品 改版後的在線賭場、體育博彩網站和移動應用程序。意大利市場的重大重啓通過優化的性能、速度和強大的安全配置改善了玩家體驗，同時還通過消除與交易和風險管理、平台開發和iGaming聚合相關的費用，爲大幅節省成本奠定了基礎。
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Secured a third sportsbook location in Washington, D.C., expanding the Company's footprint in the city and building upon the success of its small business sportsbook business model.
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在華盛頓特區獲得了第三家體育博彩門店 擴大公司在該市的足跡，並在其小型企業體育博彩商業模式成功的基礎上再接再厲。
Third Quarter 2023 Financial Results
Results compare 2023 fiscal third quarter end (September 30, 2023) to 2022 fiscal third quarter end (September 30, 2022) unless otherwise indicated.
2023 年第三季度財務業績
除非另有說明，否則結果將2023財年第三季度末（2023年9月30日）與2022財年第三季度末（2022年9月30日）進行比較。
- Total revenue decreased 11.8% to $8.5 million from $9.6 million in the prior year. The change is primarily attributable to higher payouts benefiting Elys' sportsbook customers as well as a decrease in web-based turnover due to a reduction in online casino and poker offerings during the third quarter, thereby reducing our blended revenue conversion. At the end of September 2023, a historically quiet period for sports betting, the Company underwent a platform switchover that provides significantly enhanced online casino and poker offerings for our Italian operations. The switchover had an immaterial impact on online sportsbook revenue that was partially offset by an increase in land-based sportsbook revenue due to the activation of new physical locations. For the first nine months of 2023, total revenue increased by approximately $0.06 million.
- 總收入從去年的960萬美元下降了11.8％，至850萬美元。這一變化主要歸因於使Elys體育博彩客戶受益的更高支出，以及由於第三季度在線賭場和撲克產品減少而導致的網絡營業額下降，從而降低了我們的混合收入轉化率。2023年9月底，即體育博彩歷史上的平靜期，公司進行了平台切換，爲我們在意大利的業務提供了顯著增強的在線賭場和撲克產品。此次轉變對在線體育博彩收入的影響微乎其微，但由於新實體店的激活，陸上體育博彩收入的增加部分抵消了這種影響。在 2023 年的前九個月，總收入增加了約 0.6 萬美元。
- Total handle (turnover) decreased 2.4% to $162.6 million from $166.5 million in the prior year period. The decrease in handle in the third quarter was due to the reduction in web-based turnover caused by the aforementioned online casino and poker reduction ahead of the platform switchover. For the first nine months of 2023, the total handle increased 2.4% to $585.8 million consistent with the Company's growth expectations.
- 總交易量（營業額）從去年同期的1.665億美元下降了2.4％，至1.626億美元。第三季度交易量下降是由於上述在線賭場和平台切換前的撲克減少導致的網絡營業額減少。在2023年的前九個月，總交易量增長了2.4％，達到5.858億美元，符合公司的增長預期。
- Operating expenses decreased 10.2% to $11.4 million from $12.7 million in the prior year period. The change is primarily attributable to decreases in general and administrative costs as well as a reduction in technology development costs. For the first nine months of 2023, overall operating costs continued to downtrend, with a reduction of $0.13 million, reflecting management's commitment to profitability, despite the additional expenses incurred for U.S. and Canadian facing investments during the first nine months of 2023.
- 運營費用從去年同期的1,270萬美元下降了10.2％，至1140萬美元。這一變化主要歸因於一般和管理成本的減少以及技術開發成本的降低。在2023年前九個月，儘管美國和加拿大在2023年前九個月面臨的投資增加了支出，但總體運營成本繼續呈下降趨勢，減少了13萬美元，這反映了管理層對盈利的承諾。
- Net loss from continuing operations was $(3.2) million, or $(0.10) per share, compared to $(3.8) million, or $(0.14) per share, in the prior year period. The change is primarily attributable to the decrease in loss from operations, despite lower revenues and a reduction in other non-operating expenses of $0.3 million compared to the prior year period. For the first nine months of 2023, net loss was $(9.1) million, or $(0.27) per share, compared to $(11.1) million, or $(0.41) per share, in the prior year period.
- 持續經營業務的淨虧損爲320萬美元，合每股虧損0.10美元，而去年同期爲380萬美元，合每股虧損0.14美元。這一變化主要歸因於運營虧損減少，儘管與上年同期相比，收入有所減少，其他非營業支出減少了30萬美元。2023年前九個月，淨虧損爲910萬美元，合每股虧損0.27美元，而去年同期淨虧損爲1,110萬美元，合每股虧損0.41美元。
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Cash and cash equivalents were $2.6 million at September 30, 2023, compared to $3.4 million at December 31, 2022.
- 截至2023年9月30日，現金及現金等價物爲260萬美元，而截至2022年12月31日爲340萬美元。
Management Commentary
"In Q3, we laid critical foundations for a large-scale expansion into the rapidly growing online sports betting market in the United States and Canada," said Mike Ciavarella, Executive Chairman of Elys Game Technology Corp. "Over the past few years, we have executed our go-to-market strategy by making significant investments related to our product platform and infrastructure development for our future commercial operations in North America. Elys now stands at the inflection point where these investments begin to convert into revenues in 2024.
管理層評論
Elys Game Technology Corp. 執行董事長邁克·西亞瓦雷拉說：“在第三季度，我們爲大規模擴張美國和加拿大快速增長的在線體育博彩市場奠定了關鍵的基礎，在過去的幾年中，我們通過對產品平台和基礎設施開發進行大量投資，爲我們未來在北美的商業業務進行了與產品平台和基礎設施開發相關的投資來執行我們的市場進入戰略。Elys現在正處於轉折點，這些投資將在2024年開始轉化爲收入。
"Our www.SportBet.com website, complemented by our advanced platform and recent market access partnership with Caesars Entertainment, equips us to attract players nationwide over the coming quarters. The impending launch in Colorado serves as our initial online sports betting market entry point, and we regard our partnership with Caesars as a gateway to future opportunities in other states. At the same time, we are maintaining our solid and stable operations in the Italian market, where we recently introduced a revamped platform and all-new product lineup. This platform not only enhances the overall player experience but also incorporates changes that significantly reduce expenses and puts our Multigioco subsidiary on track to meet the Company's profit goals through 2024.
“我們的 www.sportbet.com 網站，再加上我們先進的平台以及最近與凱撒娛樂的市場準入合作伙伴關係，使我們有能力在未來幾個季度吸引全國玩家。即將在科羅拉多州推出的體育博彩市場是我們最初的在線體育博彩市場切入點，我們將與凱撒的合作視爲通往其他州未來機遇的門戶。同時，我們在意大利市場保持穩健穩定的業務，最近我們在意大利市場推出了經過改進的平台和全新的產品陣容。該平台不僅增強了整體玩家體驗，而且還納入了大幅減少開支的變革，使我們的Multigioco子公司有望在2024年之前實現公司的盈利目標。
"As we begin our strategic rollout into the vast addressable online sports betting market in the United States, we are confident in our ability to replicate our Italian success story. The U.S. sports betting opportunity contains decades of pent-up demand, and we expect to carve out significant market share with our 'best odds' approach and user-friendly platform as our experience in Italy demonstrates. Our measured and strategic approach to this vast market sets us apart. Through meticulous study of player behavior and regulatory dynamics, we aim to emerge as a responsible and formidable operator in the budding U.S. market, extracting long-term value for Elys shareholders."
“當我們開始向美國龐大的在線體育博彩市場進行戰略部署時，我們對複製意大利成功故事的能力充滿信心。美國的體育博彩機會包含了數十年來被壓抑的需求，正如我們在意大利的經驗所表明的那樣，我們希望通過我們的 “最佳賠率” 方法和用戶友好的平台開拓可觀的市場份額。我們對這個龐大的市場採取謹慎的戰略方針使我們與衆不同。通過對玩家行爲和監管動態的細緻研究，我們的目標是在新興的美國市場中成爲負責任和強大的運營商，爲Elys股東挖掘長期價值。”
Update on the Listing of Common Shares
On October 13, 2023, Elys Game Technology received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") informing the Company that trading of its common shares would be suspended as of the opening of business on October 17, 2023. As a result, Elys' common shares began trading on the OTC markets in October, where they continue to trade today.
普通股上市最新情況
2023年10月13日，Elys Game Technology收到了納斯達克股票市場有限責任公司（“納斯達克”）上市資格部門的書面通知，通知該公司，其普通股將自2023年10月17日開業之日起暫停交易。結果，Elys的普通股於10月開始在場外交易市場上交易，今天仍在繼續交易。
To prioritize the value for its shareholders, the Company will remain listed on the OTC Markets until further analysis of the exchange listing of our common shares is completed. Elys' management team and board of directors are diligently assessing various major listing venues to determine the most strategic path forward, one that will ultimately offer the best opportunity to maximize shareholder value in the long term.
爲了優先考慮股東的價值，在完成對我們普通股交易所上市的進一步分析之前，公司將繼續在場外交易市場上市。Elys的管理團隊和董事會正在努力評估各種主要的上市場所，以確定最具戰略性的前進道路，這條路最終將爲長期實現股東價值最大化提供最佳機會。
About Elys Game Technology, Corp.
Elys Game Technology, Corp. is a global gaming technology company operating in multiple countries worldwide. Elys offers its clients a full suite of omnichannel leisure gaming products and services, such as online sports betting, e-sports, virtual sports, online casino, poker, bingo, interactive games, and online slots on a B2C basis in Italy and has B2B operations in five states as well as the District of Columbia in the U.S. market. The Company provides sports betting software, online casino software, services for commercial and tribal casinos, retail betting establishments, and franchise distribution networks.
關於 Elys 遊戲技術公司
Elys Game Technology, Corp. 是一家全球遊戲技術公司，在全球多個國家開展業務。Elys在意大利以B2C爲基礎向其客戶提供全套全渠道休閒遊戲產品和服務，例如在線體育博彩、電子競技、虛擬體育、在線賭場、撲克、賓果遊戲、互動遊戲和在線老虎機，並在五個州以及美國哥倫比亞特區開展B2B業務。該公司提供體育博彩軟件、在線賭場軟件、商業和部落賭場服務、零售博彩機構和特許經營分銷網絡。
Elys' vision is to become a global gaming industry leader by developing pioneering and innovative online casino software. Additional information is available on our corporate website at www.elysgame.com.
Elys的願景是通過開發開創性和創新的在線賭場軟件，成爲全球遊戲行業的領導者。更多信息可在我們的公司網站www.elysgame.com上找到。
Investors may also find us on Twitter @ELYS5D; Instagram @elys5d; LinkedIn Elys America; YouTube @Elys5D; and on Facebook @Elys5D.
投資者還可以在推特 @ELYS5D、Instagram @elys5d、LinkedIn Elys America、YouTube @Elys5D 和臉書 @Elys5D 上找到我們。
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project," and similar expressions that are intended to identify forward-looking statements and include statements regarding Elys. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2022, and its subsequent filings with the U.S. Securities and Exchange Commission, including subsequent periodic reports on Form 10-Q and current reports on Form 8-K. The information in this release is provided only as of the date of this release. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.
前瞻性陳述
本新聞稿包含1995年《私人證券訴訟改革法》安全港條款所指的某些前瞻性陳述。這些陳述是通過使用 “可能”、“相信”、“預測”、“打算”、“估計”、“期望”、“可能”、“繼續”、“預測”、“潛在”、“項目” 等詞語來識別的，這些表述旨在識別前瞻性陳述幷包括有關Elys的陳述。這些前瞻性陳述基於管理層截至本新聞稿發佈之日的預期和假設，存在許多風險和不確定性，其中許多風險和不確定性難以預測，可能導致實際業績與當前預期和假設與任何前瞻性陳述中提出或暗示的預期和假設存在重大差異。可能導致實際業績與當前預期存在重大差異的重要因素包括公司截至2022年12月31日止年度的10-K表年度報告中描述的風險因素，以及隨後向美國證券交易委員會提交的文件，包括後續的10-Q表定期報告和8-K表的最新報告。本版本中的信息僅在本版本發佈之日提供。除非法律要求，否則公司沒有義務在陳述發表之日後公開更新或修改任何前瞻性陳述，無論是由於新信息、未來事件還是其他原因，也沒有義務反映意外事件的發生。
Investor Contact:
Tom Colton and Alec Wilson
Gateway Group, Inc.
949-574-3860
ELYS@gateway-grp.com
投資者聯繫人：
湯姆·科爾頓和亞歷克·威爾遜
蓋特威集團有限公司
949-574-3860
ELYS@gateway-grp.com
-Financial Tables to Follow-
-有待關注的財務表-
|
ELYS GAME TECHNOLOGY, CORP. Consolidated Balance Sheets (Unaudited) | ||||||||
|
September 30, 2023 |
December 31, 2022 |
|||||||
| Current Assets | ||||||||
| Cash and cash equivalents | $ | 2,551,000 | $ | 3,400,166 | ||||
| Accounts receivable | 735,725 | 731,962 | ||||||
| Gaming accounts receivable | 1,841,921 | 1,431,497 | ||||||
| Prepaid expenses | 2,637,882 | 900,205 | ||||||
| Related party receivable | 22,511 | 22,511 | ||||||
| Other current assets | 379,781 | 338,871 | ||||||
| Total Current Assets | 8,168,820 | 6,825,212 | ||||||
| Non - Current Assets | ||||||||
| Restricted cash | - | 364,701 | ||||||
| Property and equipment | 975,211 | 610,852 | ||||||
| Right of use assets | 1,471,190 | 1,498,703 | ||||||
| Intangible assets | 10,069,843 | 10,375,524 | ||||||
| Goodwill | 1,662,016 | 1,662,278 | ||||||
| Marketable securities | - | 19,999 | ||||||
| Total Non - Current Assets | 14,178,260 | 14,532,057 | ||||||
| Total Assets | $ | 22,347,080 | $ | 21,357,269 | ||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | $ | 8,917,952 | 6,790,523 | |||||
| Gaming accounts payable | 3,492,128 | 2,213,532 | ||||||
| Taxes payable | 61,187 | 179,720 | ||||||
| Related party payable | 46,916 | 422,129 | ||||||
| Promissory notes payable - related parties | 411,939 | 752,000 | ||||||
| Operating lease liability | 381,439 | 369,043 | ||||||
| Financial lease liability | 1,895 | 6,831 | ||||||
| Bank loan payable - current portion | 2,987 | 3,151 | ||||||
| Total Current Liabilities | 13,316,443 | 10,736,929 | ||||||
| Non-Current Liabilities | ||||||||
| Deferred tax liability | 1,391,102 | 1,696,638 | ||||||
| Operating lease liability | 1,059,970 | 1,157,979 | ||||||
| Financial lease liability | 1,244 | 2,288 | ||||||
| Bank loan payable | 152,643 | 148,169 | ||||||
| Convertible notes payable, net of discount of $169,003 | 209,347 | - | ||||||
| Convertible notes payable - related parties, net of discount of $2,039,673 | 2,936,049 | - | ||||||
| Other long-term liabilities | 577,725 | 464,851 | ||||||
| Total Non - Current Liabilities | 6,328,080 | 3,469,925 | ||||||
| Total Liabilities | 19,644,523 | 14,206,854 | ||||||
| Stockholders' Equity | ||||||||
| Common stock, $0.0001 par value, 80,000,000 shares authorized; 35,794,381 and 30,360,810 shares issued and outstanding as of September 30, 2023 and December 31, 2022 | 3,579 | 3,036 | ||||||
| Additional paid-in capital | 78,952,510 | 74,249,244 | ||||||
| Accumulated other comprehensive loss | (609,554) | (600,619) | ||||||
| Accumulated deficit | (75,643,978) | (66,501,246) | ||||||
| Total Stockholders' Equity | 2,702,557 | 7,150,415 | ||||||
| Total Liabilities and Stockholders' Equity | $ | 22,347,080 | $ | 21,357,269 | ||||
| ELYS 遊戲科技公司 合併資產負債表 （未經審計） | ||||||||
| 9月30日 2023 |
十二月三十一日 2022 |
|||||||
| 流動資產 | ||||||||
| 現金和現金等價物 | $ | 2,551,000 | $ | 3,400,166 | ||||
| 應收賬款 | 735,725 | 731,962 | ||||||
| 遊戲應收賬款 | 1,841,921 | 1,431,497 | ||||||
| 預付費用 | 2,637,882 | 900,205 | ||||||
| 關聯方應收賬款 | 22,511 | 22,511 | ||||||
| 其他流動資產 | 379,781 | 338,871 | ||||||
| 流動資產總額 | 8,168,820 | 6,825,212 | ||||||
| 非流動資產 | ||||||||
| 限制性現金 | - | 364,701 | ||||||
| 財產和設備 | 975,211 | 610,852 | ||||||
| 使用權資產 | 1,471,190 | 1,498,703 | ||||||
| 無形資產 | 10,069,843 | 10,375,524 | ||||||
| 善意 | 1,662,016 | 1,662,278 | ||||||
| 有價證券 | - | 19,999 | ||||||
| 非流動資產總額 | 14,178,260 | 14,532,057 | ||||||
| 總資產 | $ | 22,347,080 | $ | 21,357,269 | ||||
| 流動負債 | ||||||||
| 應付賬款和應計負債 | $ | 8,917,952 | 6,790,523 | |||||
| 遊戲應付賬款 | 3,492,128 | 2,213,532 | ||||||
| 應付稅款 | 61,187 | 179,720 | ||||||
| 關聯方應付款 | 46,916 | 422,129 | ||||||
| 應付期票-關聯方 | 411,939 | 752,000 | ||||||
| 經營租賃責任 | 381,439 | 369,043 | ||||||
| 融資租賃負債 | 1,895 | 6,831 | ||||||
| 應付銀行貸款-流動部分 | 2,987 | 3,151 | ||||||
| 流動負債總額 | 13,316,443 | 10,736,929 | ||||||
| 非流動負債 | ||||||||
| 遞延所得稅負債 | 1,391,102 | 1,696,638 | ||||||
| 經營租賃責任 | 1,059,970 | 1,157,979 | ||||||
| 融資租賃負債 | 1,244 | 2,288 | ||||||
| 應付銀行貸款 | 152,643 | 148,169 | ||||||
| 扣除169,003美元折扣後的可轉換應付票據 | 209,347 | - | ||||||
| 應付可轉換票據——關聯方，扣除2,039,673美元的折扣 | 2,936,049 | - | ||||||
| 其他長期負債 | 577,725 | 464,851 | ||||||
| 非流動負債總額 | 6,328,080 | 3,469,925 | ||||||
| 負債總額 | 19,644,523 | 14,206,854 | ||||||
| 股東權益 | ||||||||
| 普通股，面值0.0001美元，已授權8000萬股；截至2023年9月30日和2022年12月31日已發行和流通的35,794,381股和30,360,810股股票 | 3,579 | 3,036 | ||||||
| 額外的實收資本 | 78,952,510 | 74,249,244 | ||||||
| 累計其他綜合虧損 | (609,554) | (600,619) | ||||||
| 累計赤字 | (75,643,978) | (66,501,246) | ||||||
| 股東權益總額 | 2,702,557 | 7,150,415 | ||||||
| 負債總額和股東權益 | $ | 22,347,080 | $ | 21,357,269 | ||||
|
ELYS GAME TECHNOLOGY, CORP. Consolidated Statements of Changes in Stockholders' Equity Nine months ended September 30, 2023 and September 30, 2022 (Unaudited) | ||||||||||||||||
|
For the Three Months Ended September 30, |
For the Nine Months Ended September 30, |
|||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| Revenue | $ | 8,464,591 | $ | 9,591,294 | $ | 32,233,378 | $ | 32,175,015 | ||||||||
| Costs and Expenses | ||||||||||||||||
| Selling expenses | 6,724,275 | 6,874,581 | 26,158,349 | 24,029,532 | ||||||||||||
| General and administrative expenses | 4,318,720 | 5,385,407 | 13,498,145 | 14,273,817 | ||||||||||||
| Depreciation and amortization | 354,334 | 423,361 | 1,043,432 | 1,315,593 | ||||||||||||
| Restructuring and severance expenses | - | - | - | 1,205,689 | ||||||||||||
| Total Costs and Expenses | 11,397,329 | 12,683,349 | 40,699,926 | 40,824,631 | ||||||||||||
| Loss from Operations | (2,932,738) | (3,092,055) | (8,466,548) | (8,649,616) | ||||||||||||
| Other (Expenses) Income | ||||||||||||||||
| Interest expense, net of interest income | (162,474) | (9,104) | (273,701) | (22,641) | ||||||||||||
| Amortization of debt discount | (142,381) | - | (215,651) | - | ||||||||||||
| Other income | 9,994 | 21,931 | 13,521 | 90,783 | ||||||||||||
| Changes in fair value of contingent purchase consideration | - | (482,059) | - | (1,397,833) | ||||||||||||
| Other expense | - | (45,528) | (7,017) | (56,539) | ||||||||||||
| Gain (loss) on marketable securities | - | (49,250) | (19,999) | 43,250 | ||||||||||||
| Total Other (Expenses) Income | (294,861) | (564,010) | (502,847) | (1,342,980) | ||||||||||||
| Loss Before Income Taxes | (3,227,599) | (3,656,065) | (8,969,395) | (9,992,596) | ||||||||||||
| Income tax provision | 4,240 | (167,574) | 67,199 | (200,518) | ||||||||||||
| Net Loss from continuing operations | (3,223,359) | (3,823,639) | (8,902,196) | (10,193,114) | ||||||||||||
| Discontinued operations | ||||||||||||||||
| Operating loss | (34,690) | - | (198,335) | - | ||||||||||||
| Loss on recission | (42,201) | - | (42,201) | - | ||||||||||||
| Net loss from discontinued operations | (76,891) | - | (240,536) | - | ||||||||||||
| Net loss | $ | (3,300,250) | $ | (3,823,639) | $ | (9,142,732) | $ | (10,193,114) | ||||||||
| Other Comprehensive (Loss) Income | ||||||||||||||||
| Foreign currency translation adjustment | (102,111) | (367,765) | (8,935) | (877,996) | ||||||||||||
| Comprehensive Loss | $ | (3,402,361) | $ | (4,191,404) | $ | (9,151,667) | $ | (11,071,110) | ||||||||
| Loss per common share - basic and diluted | ||||||||||||||||
| Continuing operations | $ | (0.10) | $ | (0.14) | $ | (0.27) | $ | (0.41) | ||||||||
| Discontinued operations | (0.00) | 0.00 | (0.00) | 0.00 | ||||||||||||
| (0.10) | (0.14) | (0.27) | (0.41) | |||||||||||||
| Weighted average number of common shares outstanding - basic and diluted | 31,886,832 | 26,942,389 | 32,758,530 | 24,871,319 | ||||||||||||
| ELYS 遊戲科技公司 股東權益變動綜合報表 截至 2023 年 9 月 30 日和 2022 年 9 月 30 日的九個月 （未經審計） | ||||||||||||||||
| 在已結束的三個月中 9月30日 |
在結束的九個月裏 9月30日 |
|||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| 收入 | $ | 8,464,591 | $ | 9,591,294 | $ | 32,233,378 | $ | 32,175,015 | ||||||||
| 成本和開支 | ||||||||||||||||
| 銷售費用 | 6,724,275 | 6,874,581 | 26,158,349 | 24,029,532 | ||||||||||||
| 一般和管理費用 | 4,318,720 | 5,385,407 | 13,498,145 | 14,273,817 | ||||||||||||
| 折舊和攤銷 | 354,334 | 423,361 | 1,043,432 | 1,315,593 | ||||||||||||
| 重組和遣散費 | - | - | - | 1,205,689 | ||||||||||||
| 總成本和支出 | 11,397,329 | 12,683,349 | 40,699,926 | 40,824,631 | ||||||||||||
| 運營損失 | (2,932,738) | (3,092,055) | (8,466,548) | (8,649,616) | ||||||||||||
| 其他（支出）收入 | ||||||||||||||||
| 扣除利息收入的利息支出 | (162,474) | (9,104) | (273,701) | (22,641) | ||||||||||||
| 債務折扣的攤銷 | (142,381) | - | (215,651) | - | ||||||||||||
| 其他收入 | 9,994 | 21,931 | 13,521 | 90,783 | ||||||||||||
| 或有購買對價公允價值的變動 | - | (482,059) | - | (1,397,833) | ||||||||||||
| 其他費用 | - | (45,528) | (7,017) | (56,539) | ||||||||||||
| 有價證券的收益（虧損） | - | (49,250) | (19,999) | 43,250 | ||||||||||||
| 其他（支出）收入總額 | (294,861) | (564,010) | (502,847) | (1,342,980) | ||||||||||||
| 所得稅前虧損 | (3,227,599) | (3,656,065) | (8,969,395) | (9,992,596) | ||||||||||||
| 所得稅條款 | 4,240 | (167,574) | 67,199 | (200,518) | ||||||||||||
| 持續經營業務的淨虧損 | (3,223,359) | (3,823,639) | (8,902,196) | (10,193,114) | ||||||||||||
| 已終止的業務 | ||||||||||||||||
| 營業虧損 | (34,690) | - | (198,335) | - | ||||||||||||
| 經濟衰退造成的損失 | (42,201) | - | (42,201) | - | ||||||||||||
| 已終止業務的淨虧損 | (76,891) | - | (240,536) | - | ||||||||||||
| 淨虧損 | $ | (3,300,250) | $ | (3,823,639) | $ | (9,142,732) | $ | (10,193,114) | ||||||||
| 其他綜合（虧損）收益 | ||||||||||||||||
| 外幣折算調整 | (102,111) | (367,765) | (8,935) | (877,996) | ||||||||||||
| 綜合損失 | $ | (3,402,361) | $ | (4,191,404) | $ | (9,151,667) | $ | (11,071,110) | ||||||||
| 每股普通股虧損——基本虧損和攤薄後虧損 | ||||||||||||||||
| 持續運營 | $ | (0.10) | $ | (0.14) | $ | (0.27) | $ | (0.41) | ||||||||
| 已終止的業務 | (0.00) | 0.00 | (0.00) | 0.00 | ||||||||||||
| (0.10) | (0.14) | (0.27) | (0.41) | |||||||||||||
| 已發行普通股的加權平均數量——基本股和攤薄後普通股 | 31,886,832 | 26,942,389 | 32,758,530 | 24,871,319 | ||||||||||||
|
ELYS GAME TECHNOLOGY, CORP. Consolidated Statements of Cash Flows (Unaudited) | ||||||||
|
For the nine months ended September 30, |
||||||||
| 2023 | 2022 | |||||||
| Net Loss | $ | (9,142,732) | $ | (10,193,114) | ||||
| Net loss from discontinued operations | 240,536 | - | ||||||
| Net loss from continuing operations | (8,902,196) | (10,193,114) | ||||||
| Adjustments to reconcile net loss to net cash used in operating activities | ||||||||
| Depreciation and amortization | 1,043,431 | 1,315,593 | ||||||
| Gain on disposal of property and equipment | (5,136) | - | ||||||
| Amortization of debt discount | 215,651 | - | ||||||
| Restricted stock awards | 685,688 | 2,012,600 | ||||||
| Stock-based compensation expense | 1,611,635 | 2,381,974 | ||||||
| Non-cash interest | 268,320 | 17,637 | ||||||
| Loss on dissolution of subsidiary | 325 | - | ||||||
| Change in fair value of contingent purchase consideration | - | 1,397,833 | ||||||
| Unrealized loss (gain) on marketable securities | 19,999 | (43,250) | ||||||
| Movement in deferred taxation | (124,437) | (238,616) | ||||||
| Changes in Operating Assets and Liabilities, net of assets acquired and liabilities assumed | ||||||||
| Prepaid expenses | (1,757,254) | (2,043,015) | ||||||
| Accounts payable and accrued liabilities | 1,307,024 | (1,013,194) | ||||||
| Accounts receivable | 1,957 | (282,002) | ||||||
| Gaming accounts receivable | (440,090) | 981,478 | ||||||
| Gaming accounts liabilities | 1,339,804 | 693,455 | ||||||
| Taxes payable | (122,333) | 391,339 | ||||||
| Due from related parties | 31,279 | (8,026) | ||||||
| Other current assets | (39,764) | (19,838) | ||||||
| Long term liability | 122,022 | 76,916 | ||||||
| Net Cash Used in Operating Activities - continuing operations | (4,744,075) | (4,572,230) | ||||||
| Net Cash Used in Operating Activities - discontinued operations | (76,697) | - | ||||||
| NET CASH USED IN OPERATING ACTIVITIES | (4,820,772) | (4,572,230) | ||||||
| Cash Flows from Investing Activities | ||||||||
| Acquisition of property and equipment and intangible assets | (1,112,830) | (355,939) | ||||||
| Net Cash Used in Investing Activities - continuing operations | (1,112,830) | (355,939) | ||||||
| Net Cash Provided by Investing Activities - discontinued operations | 76,459 | - | ||||||
| NET CASH USED IN INVESTING ACTIVITIES | (1,036,371) | (355,939) | ||||||
| Cash Flows from Financing Activities | ||||||||
| Proceeds from convertible notes | 350,000 | - | ||||||
| Proceeds from convertible notes, related parties | 4,400,000 | - | ||||||
| Proceeds from Subscriptions - Net of Fees | - | 2,616,679 | ||||||
| Proceeds from pre-funded warrants | - | 512,813 | ||||||
| Proceeds from related party promissory notes | - | 665,000 | ||||||
| Repayment of bank overdraft | - | (7,043) | ||||||
| Repayment of bank loan | - | (33,041) | ||||||
| Repayment of financial leases | (5,996) | (5,926) | ||||||
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 4,744,004 | 3,748,482 | ||||||
| Effect of change in exchange rate | (100,728) | (1,504,030) | ||||||
| Net decrease in cash | (1,213,867) | (2,683,717) | ||||||
| Cash, cash equivalents and restricted cash - beginning of the period | 3,764,867 | 7,706,357 | ||||||
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH - END OF THE PERIOD | $ | 2,551,000 | $ | 5,022,640 | ||||
| ELYS 遊戲技術公司 合併現金流量表 （未經審計） | ||||||||
| 在這九個月裏 已於 9 月 30 日結束， |
||||||||
| 2023 | 2022 | |||||||
| 淨虧損 | $ | (9,142,732) | $ | (10,193,114) | ||||
| 已終止業務的淨虧損 | 240,536 | - | ||||||
| 持續經營業務的淨虧損 | (8,902,196) | (10,193,114) | ||||||
| 爲將淨虧損與經營活動中使用的淨現金進行對賬而進行的調整 | ||||||||
| 折舊和攤銷 | 1,043,431 | 1,315,593 | ||||||
| 處置財產和設備的收益 | (5,136) | - | ||||||
| 債務折扣的攤銷 | 215,651 | - | ||||||
| 限制性股票獎勵 | 685,688 | 2,012,600 | ||||||
| 股票薪酬支出 | 1,611,635 | 2,381,974 | ||||||
| 非現金利息 | 268,320 | 17,637 | ||||||
| 子公司解散造成的損失 | 325 | - | ||||||
| 或有購買對價公允價值的變動 | - | 1,397,833 | ||||||
| 有價證券的未實現虧損（收益） | 19,999 | (43,250) | ||||||
| 遞延稅收的變動 | (124,437) | (238,616) | ||||||
| 經營資產和負債的變化，扣除收購的資產和承擔的負債 | ||||||||
| 預付費用 | (1,757,254) | (2,043,015) | ||||||
| 應付賬款和應計負債 | 1,307,024 | (1,013,194) | ||||||
| 應收賬款 | 1,957 | (282,002) | ||||||
| 遊戲應收賬款 | (440,090) | 981,478 | ||||||
| 博彩賬戶負債 | 1,339,804 | 693,455 | ||||||
| 應付稅款 | (122,333) | 391,339 | ||||||
| 應向關聯方收取的款項 | 31,279 | (8,026) | ||||||
| 其他流動資產 | (39,764) | (19,838) | ||||||
| 長期責任 | 122,022 | 76,916 | ||||||
| 用於經營活動的淨現金——持續經營 | (4,744,075) | (4,572,230) | ||||||
| 用於經營活動的淨現金——已終止的業務 | (76,697) | - | ||||||
| 用於經營活動的淨現金 | (4,820,772) | (4,572,230) | ||||||
| 來自投資活動的現金流 | ||||||||
| 購置財產和設備以及無形資產 | (1,112,830) | (355,939) | ||||||
| 用於投資活動的淨現金——持續經營 | (1,112,830) | (355,939) | ||||||
| 投資活動提供的淨現金——已終止的業務 | 76,459 | - | ||||||
| 用於投資活動的淨現金 | (1,036,371) | (355,939) | ||||||
| 來自融資活動的現金流 | ||||||||
| 可轉換票據的收益 | 350,000 | - | ||||||
| 可轉換票據、關聯方的收益 | 4,400,000 | - | ||||||
| 訂閱收益-扣除費用 | - | 2,616,679 | ||||||
| 預先注資認股權證的收益 | - | 512,813 | ||||||
| 關聯方期票的收益 | - | 665,000 | ||||||
| 償還銀行透支 | - | (7,043) | ||||||
| 償還銀行貸款 | - | (33,041) | ||||||
| 償還融資租約 | (5,996) | (5,926) | ||||||
| 融資活動提供的淨現金 | 4,744,004 | 3,748,482 | ||||||
| 匯率變動的影響 | (100,728) | (1,504,030) | ||||||
| 現金淨減少 | (1,213,867) | (2,683,717) | ||||||
| 現金、現金等價物和限制性現金——期初 | 3,764,867 | 7,706,357 | ||||||
| 現金、現金等價物和限制性現金-期末 | $ | 2,551,000 | $ | 5,022,640 | ||||
|
ELYS GAME TECHNOLOGY, CORP. Consolidated Statements of Cash Flows (Unaudited) | ||||||||
| Reconciliation of cash, cash equivalents and restricted cash within the Balance Sheets to the Statement of Cash Flows | ||||||||
| Cash and cash equivalents | $ | 2,551,000 | $ | 4,690,034 | ||||
| Restricted cash included in non-current assets | - | 332,606 | ||||||
| $ | 2,551,000 | $ | 5,022,640 | |||||
| ELYS 遊戲科技公司 合併現金流量表 （未經審計） | ||||||||
| 將資產負債表中的現金、現金等價物和限制性現金與現金流量表進行對賬 | ||||||||
| 現金和現金等價物 | $ | 2,551,000 | $ | 4,690,034 | ||||
| 非流動資產中包含的限制性現金 | - | 332,606 | ||||||
| $ | 2,551,000 | $ | 5,022,640 | |||||
| Supplemental disclosure of cash flow information | ||||||||
| Cash paid during the period for: | ||||||||
| Interest | $ | 5,735 | $ | 5,855 | ||||
| Income tax | $ | 199,745 | $ | 84,988 | ||||
| Supplemental cash flow disclosure for non-cash activities | ||||||||
| Fair value of common stock issued on acquisition of Engage IT Services Srl | $ | 1,735,615 | $ | - | ||||
| Fair value of common stock returned on recission of acquisition of Engage IT Services Srl | $ | (1,938,456) | ||||||
| Fair value of warrant issued with convertible debt | $ | 2,424,327 | $ | - | ||||
| Fair value of restricted stock issued to settle liabilities | $ | 60,000 | $ | - | ||||
| Fair value of options issued to settle liabilities | $ | 125,000 | $ | - | ||||
| 現金流信息的補充披露 | ||||||||
| 在此期間支付的現金用於： | ||||||||
| 利息 | $ | 5,735 | $ | 5,855 | ||||
| 所得稅 | $ | 199,745 | $ | 84,988 | ||||
| 非現金活動的補充現金流披露 | ||||||||
| 收購Engage IT Services Srl時發行的普通股的公允價值 | $ | 1,735,615 | $ | - | ||||
| 收購Engage IT Services Srl撤銷後返回的普通股的公允價值 | $ | (1,938,456) | ||||||
| 以可轉換債務發行的認股權證的公允價值 | $ | 2,424,327 | $ | - | ||||
| 爲結算負債而發行的限制性股票的公允價值 | $ | 60 | $ | - | ||||
| 爲結算負債而發行的期權的公允價值 | $ | 125,000 | $ | - | ||||
譯文內容由第三人軟體翻譯。
