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.
纽约，2023年11月20日（环球新闻专线）——互动游戏和体育博彩技术公司Elys Game Technology, Corp.（“Elys” 或 “公司”）（场外交易代码：ELYS）（BER: 3UW）今天提供了截至2023年9月30日的第三季度业务最新情况和财务业绩。
Third Quarter and Recent Operational Highlights
第三季度及近期运营亮点
- 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.
- 与凯撒娱乐签订了为期多年的市场准入协议， 解锁进入科罗拉多体育博彩市场的机会。该战略协议标志着Elys首次进入北美移动体育博彩领域。在监管部门批准之前，该公司预计将于2024年在科罗拉多州启动其美国移动体育博彩业务。
- 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，该公司为美国市场推出的全新在线和移动体育博彩品牌。 该品牌下包含 “5D by Elys” 移动应用程序，形成了具有跨平台兼容性的综合体育博彩平台。这一发展将Elys推出的在线体育博彩置于一个知名度高、对消费者友好的品牌之下。
- Completed installation of its North American hub infrastructure, successfully establishing a robust technology footprint for the expansion of Elys' platform.
- 已完成其北美枢纽基础设施的安装，成功地为Elys平台的扩展建立了强大的技术基础。
- 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强型产品 改版后的在线赌场、体育博彩网站和移动应用程序。意大利市场的重大重启通过优化的性能、速度和强大的安全配置改善了玩家体验，同时还通过消除与交易和风险管理、平台开发和iGaming聚合相关的费用，为大幅节省成本奠定了基础。
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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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在华盛顿特区获得了第三家体育博彩门店 扩大公司在该市的足迹，并在其小型企业体育博彩商业模式成功的基础上再接再厉。
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 年第三季度财务业绩
除非另有说明，否则结果将2023财年第三季度末（2023年9月30日）与2022财年第三季度末（2022年9月30日）进行比较。
- 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.
- 总收入从去年的960万美元下降了11.8％，至850万美元。这一变化主要归因于使Elys体育博彩客户受益的更高支出，以及由于第三季度在线赌场和扑克产品减少而导致的网络营业额下降，从而降低了我们的混合收入转化率。2023年9月底，即体育博彩历史上的平静期，公司进行了平台切换，为我们在意大利的业务提供了显著增强的在线赌场和扑克产品。此次转变对在线体育博彩收入的影响微乎其微，但由于新实体店的激活，陆上体育博彩收入的增加部分抵消了这种影响。在 2023 年的前九个月，总收入增加了约 0.6 万美元。
- 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.
- 总交易量（营业额）从去年同期的1.665亿美元下降了2.4％，至1.626亿美元。第三季度交易量下降是由于上述在线赌场和平台切换前的扑克减少导致的网络营业额减少。在2023年的前九个月，总交易量增长了2.4％，达到5.858亿美元，符合公司的增长预期。
- 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.
- 运营费用从去年同期的1,270万美元下降了10.2％，至1140万美元。这一变化主要归因于一般和管理成本的减少以及技术开发成本的降低。在2023年前九个月，尽管美国和加拿大在2023年前九个月面临的投资增加了支出，但总体运营成本继续呈下降趋势，减少了13万美元，这反映了管理层对盈利的承诺。
- 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.
- 持续经营业务的净亏损为320万美元，合每股亏损0.10美元，而去年同期为380万美元，合每股亏损0.14美元。这一变化主要归因于运营亏损减少，尽管与上年同期相比，收入有所减少，其他非营业支出减少了30万美元。2023年前九个月，净亏损为910万美元，合每股亏损0.27美元，而去年同期净亏损为1,110万美元，合每股亏损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，现金及现金等价物为260万美元，而截至2022年12月31日为340万美元。
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.
管理层评论
Elys Game Technology Corp. 执行董事长迈克·西亚瓦雷拉说：“在第三季度，我们为大规模扩张美国和加拿大快速增长的在线体育博彩市场奠定了关键的基础，在过去的几年中，我们通过对产品平台和基础设施开发进行大量投资，为我们未来在北美的商业业务进行了与产品平台和基础设施开发相关的投资来执行我们的市场进入战略。Elys现在正处于转折点，这些投资将在2024年开始转化为收入。
"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.
“我们的 www.sportbet.com 网站，再加上我们先进的平台以及最近与凯撒娱乐的市场准入合作伙伴关系，使我们有能力在未来几个季度吸引全国玩家。即将在科罗拉多州推出的体育博彩市场是我们最初的在线体育博彩市场切入点，我们将与凯撒的合作视为通往其他州未来机遇的门户。同时，我们在意大利市场保持稳健稳定的业务，最近我们在意大利市场推出了经过改进的平台和全新的产品阵容。该平台不仅增强了整体玩家体验，而且还纳入了大幅减少开支的变革，使我们的Multigioco子公司有望在2024年之前实现公司的盈利目标。
"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."
“当我们开始向美国庞大的在线体育博彩市场进行战略部署时，我们对复制意大利成功故事的能力充满信心。美国的体育博彩机会包含了数十年来被压抑的需求，正如我们在意大利的经验所表明的那样，我们希望通过我们的 “最佳赔率” 方法和用户友好的平台开拓可观的市场份额。我们对这个庞大的市场采取谨慎的战略方针使我们与众不同。通过对玩家行为和监管动态的细致研究，我们的目标是在新兴的美国市场中成为负责任和强大的运营商，为Elys股东挖掘长期价值。”
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.
普通股上市最新情况
2023年10月13日，Elys Game Technology收到了纳斯达克股票市场有限责任公司（“纳斯达克”）上市资格部门的书面通知，通知该公司，其普通股将自2023年10月17日开业之日起暂停交易。结果，Elys的普通股于10月开始在场外交易市场上交易，今天仍在继续交易。
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.
为了优先考虑股东的价值，在完成对我们普通股交易所上市的进一步分析之前，公司将继续在场外交易市场上市。Elys的管理团队和董事会正在努力评估各种主要的上市场所，以确定最具战略性的前进道路，这条路最终将为长期实现股东价值最大化提供最佳机会。
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.
关于 Elys 游戏技术公司
Elys Game Technology, Corp. 是一家全球游戏技术公司，在全球多个国家开展业务。Elys在意大利以B2C为基础向其客户提供全套全渠道休闲游戏产品和服务，例如在线体育博彩、电子竞技、虚拟体育、在线赌场、扑克、宾果游戏、互动游戏和在线老虎机，并在五个州以及美国哥伦比亚特区开展B2B业务。该公司提供体育博彩软件、在线赌场软件、商业和部落赌场服务、零售博彩机构和特许经营分销网络。
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的愿景是通过开发开创性和创新的在线赌场软件，成为全球游戏行业的领导者。更多信息可在我们的公司网站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.
投资者还可以在推特 @ELYS5D、Instagram @elys5d、LinkedIn Elys America、YouTube @Elys5D 和脸书 @Elys5D 上找到我们。
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.
前瞻性陈述
本新闻稿包含1995年《私人证券诉讼改革法》安全港条款所指的某些前瞻性陈述。这些陈述是通过使用 “可能”、“相信”、“预测”、“打算”、“估计”、“期望”、“可能”、“继续”、“预测”、“潜在”、“项目” 等词语来识别的，这些表述旨在识别前瞻性陈述并包括有关Elys的陈述。这些前瞻性陈述基于管理层截至本新闻稿发布之日的预期和假设，存在许多风险和不确定性，其中许多风险和不确定性难以预测，可能导致实际业绩与当前预期和假设与任何前瞻性陈述中提出或暗示的预期和假设存在重大差异。可能导致实际业绩与当前预期存在重大差异的重要因素包括公司截至2022年12月31日止年度的10-K表年度报告中描述的风险因素，以及随后向美国证券交易委员会提交的文件，包括后续的10-Q表定期报告和8-K表的最新报告。本版本中的信息仅在本版本发布之日提供。除非法律要求，否则公司没有义务在陈述发表之日后公开更新或修改任何前瞻性陈述，无论是由于新信息、未来事件还是其他原因，也没有义务反映意外事件的发生。
Investor Contact:
Tom Colton and Alec Wilson
Gateway Group, Inc.
949-574-3860
ELYS@gateway-grp.com
投资者联系人：
汤姆·科尔顿和亚历克·威尔逊
盖特威集团有限公司
949-574-3860
ELYS@gateway-grp.com
-Financial Tables to Follow-
-有待关注的财务表-
|
ELYS GAME TECHNOLOGY, CORP. Consolidated Balance Sheets (Unaudited) | ||||||||
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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 游戏科技公司 合并资产负债表 （未经审计） | ||||||||
| 9月30日 2023 |
十二月三十一日 2022 |
|||||||
| 流动资产 | ||||||||
| 现金和现金等价物 | $ | 2,551,000 | $ | 3,400,166 | ||||
| 应收账款 | 735,725 | 731,962 | ||||||
| 游戏应收账款 | 1,841,921 | 1,431,497 | ||||||
| 预付费用 | 2,637,882 | 900,205 | ||||||
| 关联方应收账款 | 22,511 | 22,511 | ||||||
| 其他流动资产 | 379,781 | 338,871 | ||||||
| 流动资产总额 | 8,168,820 | 6,825,212 | ||||||
| 非流动资产 | ||||||||
| 限制性现金 | - | 364,701 | ||||||
| 财产和设备 | 975,211 | 610,852 | ||||||
| 使用权资产 | 1,471,190 | 1,498,703 | ||||||
| 无形资产 | 10,069,843 | 10,375,524 | ||||||
| 善意 | 1,662,016 | 1,662,278 | ||||||
| 有价证券 | - | 19,999 | ||||||
| 非流动资产总额 | 14,178,260 | 14,532,057 | ||||||
| 总资产 | $ | 22,347,080 | $ | 21,357,269 | ||||
| 流动负债 | ||||||||
| 应付账款和应计负债 | $ | 8,917,952 | 6,790,523 | |||||
| 游戏应付账款 | 3,492,128 | 2,213,532 | ||||||
| 应付税款 | 61,187 | 179,720 | ||||||
| 关联方应付款 | 46,916 | 422,129 | ||||||
| 应付期票-关联方 | 411,939 | 752,000 | ||||||
| 经营租赁责任 | 381,439 | 369,043 | ||||||
| 融资租赁负债 | 1,895 | 6,831 | ||||||
| 应付银行贷款-流动部分 | 2,987 | 3,151 | ||||||
| 流动负债总额 | 13,316,443 | 10,736,929 | ||||||
| 非流动负债 | ||||||||
| 递延所得税负债 | 1,391,102 | 1,696,638 | ||||||
| 经营租赁责任 | 1,059,970 | 1,157,979 | ||||||
| 融资租赁负债 | 1,244 | 2,288 | ||||||
| 应付银行贷款 | 152,643 | 148,169 | ||||||
| 扣除169,003美元折扣后的可转换应付票据 | 209,347 | - | ||||||
| 应付可转换票据——关联方，扣除2,039,673美元的折扣 | 2,936,049 | - | ||||||
| 其他长期负债 | 577,725 | 464,851 | ||||||
| 非流动负债总额 | 6,328,080 | 3,469,925 | ||||||
| 负债总额 | 19,644,523 | 14,206,854 | ||||||
| 股东权益 | ||||||||
| 普通股，面值0.0001美元，已授权8000万股；截至2023年9月30日和2022年12月31日已发行和流通的35,794,381股和30,360,810股股票 | 3,579 | 3,036 | ||||||
| 额外的实收资本 | 78,952,510 | 74,249,244 | ||||||
| 累计其他综合亏损 | (609,554) | (600,619) | ||||||
| 累计赤字 | (75,643,978) | (66,501,246) | ||||||
| 股东权益总额 | 2,702,557 | 7,150,415 | ||||||
| 负债总额和股东权益 | $ | 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 游戏科技公司 股东权益变动综合报表 截至 2023 年 9 月 30 日和 2022 年 9 月 30 日的九个月 （未经审计） | ||||||||||||||||
| 在已结束的三个月中 9月30日 |
在结束的九个月里 9月30日 |
|||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| 收入 | $ | 8,464,591 | $ | 9,591,294 | $ | 32,233,378 | $ | 32,175,015 | ||||||||
| 成本和开支 | ||||||||||||||||
| 销售费用 | 6,724,275 | 6,874,581 | 26,158,349 | 24,029,532 | ||||||||||||
| 一般和管理费用 | 4,318,720 | 5,385,407 | 13,498,145 | 14,273,817 | ||||||||||||
| 折旧和摊销 | 354,334 | 423,361 | 1,043,432 | 1,315,593 | ||||||||||||
| 重组和遣散费 | - | - | - | 1,205,689 | ||||||||||||
| 总成本和支出 | 11,397,329 | 12,683,349 | 40,699,926 | 40,824,631 | ||||||||||||
| 运营损失 | (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) | ||||||||||||
| 债务折扣的摊销 | (142,381) | - | (215,651) | - | ||||||||||||
| 其他收入 | 9,994 | 21,931 | 13,521 | 90,783 | ||||||||||||
| 或有购买对价公允价值的变动 | - | (482,059) | - | (1,397,833) | ||||||||||||
| 其他费用 | - | (45,528) | (7,017) | (56,539) | ||||||||||||
| 有价证券的收益（亏损） | - | (49,250) | (19,999) | 43,250 | ||||||||||||
| 其他（支出）收入总额 | (294,861) | (564,010) | (502,847) | (1,342,980) | ||||||||||||
| 所得税前亏损 | (3,227,599) | (3,656,065) | (8,969,395) | (9,992,596) | ||||||||||||
| 所得税条款 | 4,240 | (167,574) | 67,199 | (200,518) | ||||||||||||
| 持续经营业务的净亏损 | (3,223,359) | (3,823,639) | (8,902,196) | (10,193,114) | ||||||||||||
| 已终止的业务 | ||||||||||||||||
| 营业亏损 | (34,690) | - | (198,335) | - | ||||||||||||
| 经济衰退造成的损失 | (42,201) | - | (42,201) | - | ||||||||||||
| 已终止业务的净亏损 | (76,891) | - | (240,536) | - | ||||||||||||
| 净亏损 | $ | (3,300,250) | $ | (3,823,639) | $ | (9,142,732) | $ | (10,193,114) | ||||||||
| 其他综合（亏损）收益 | ||||||||||||||||
| 外币折算调整 | (102,111) | (367,765) | (8,935) | (877,996) | ||||||||||||
| 综合损失 | $ | (3,402,361) | $ | (4,191,404) | $ | (9,151,667) | $ | (11,071,110) | ||||||||
| 每股普通股亏损——基本亏损和摊薄后亏损 | ||||||||||||||||
| 持续运营 | $ | (0.10) | $ | (0.14) | $ | (0.27) | $ | (0.41) | ||||||||
| 已终止的业务 | (0.00) | 0.00 | (0.00) | 0.00 | ||||||||||||
| (0.10) | (0.14) | (0.27) | (0.41) | |||||||||||||
| 已发行普通股的加权平均数量——基本股和摊薄后普通股 | 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 游戏技术公司 合并现金流量表 （未经审计） | ||||||||
| 在这九个月里 已于 9 月 30 日结束， |
||||||||
| 2023 | 2022 | |||||||
| 净亏损 | $ | (9,142,732) | $ | (10,193,114) | ||||
| 已终止业务的净亏损 | 240,536 | - | ||||||
| 持续经营业务的净亏损 | (8,902,196) | (10,193,114) | ||||||
| 为将净亏损与经营活动中使用的净现金进行对账而进行的调整 | ||||||||
| 折旧和摊销 | 1,043,431 | 1,315,593 | ||||||
| 处置财产和设备的收益 | (5,136) | - | ||||||
| 债务折扣的摊销 | 215,651 | - | ||||||
| 限制性股票奖励 | 685,688 | 2,012,600 | ||||||
| 股票薪酬支出 | 1,611,635 | 2,381,974 | ||||||
| 非现金利息 | 268,320 | 17,637 | ||||||
| 子公司解散造成的损失 | 325 | - | ||||||
| 或有购买对价公允价值的变动 | - | 1,397,833 | ||||||
| 有价证券的未实现亏损（收益） | 19,999 | (43,250) | ||||||
| 递延税收的变动 | (124,437) | (238,616) | ||||||
| 经营资产和负债的变化，扣除收购的资产和承担的负债 | ||||||||
| 预付费用 | (1,757,254) | (2,043,015) | ||||||
| 应付账款和应计负债 | 1,307,024 | (1,013,194) | ||||||
| 应收账款 | 1,957 | (282,002) | ||||||
| 游戏应收账款 | (440,090) | 981,478 | ||||||
| 博彩账户负债 | 1,339,804 | 693,455 | ||||||
| 应付税款 | (122,333) | 391,339 | ||||||
| 应向关联方收取的款项 | 31,279 | (8,026) | ||||||
| 其他流动资产 | (39,764) | (19,838) | ||||||
| 长期责任 | 122,022 | 76,916 | ||||||
| 用于经营活动的净现金——持续经营 | (4,744,075) | (4,572,230) | ||||||
| 用于经营活动的净现金——已终止的业务 | (76,697) | - | ||||||
| 用于经营活动的净现金 | (4,820,772) | (4,572,230) | ||||||
| 来自投资活动的现金流 | ||||||||
| 购置财产和设备以及无形资产 | (1,112,830) | (355,939) | ||||||
| 用于投资活动的净现金——持续经营 | (1,112,830) | (355,939) | ||||||
| 投资活动提供的净现金——已终止的业务 | 76,459 | - | ||||||
| 用于投资活动的净现金 | (1,036,371) | (355,939) | ||||||
| 来自融资活动的现金流 | ||||||||
| 可转换票据的收益 | 350,000 | - | ||||||
| 可转换票据、关联方的收益 | 4,400,000 | - | ||||||
| 订阅收益-扣除费用 | - | 2,616,679 | ||||||
| 预先注资认股权证的收益 | - | 512,813 | ||||||
| 关联方期票的收益 | - | 665,000 | ||||||
| 偿还银行透支 | - | (7,043) | ||||||
| 偿还银行贷款 | - | (33,041) | ||||||
| 偿还融资租约 | (5,996) | (5,926) | ||||||
| 融资活动提供的净现金 | 4,744,004 | 3,748,482 | ||||||
| 汇率变动的影响 | (100,728) | (1,504,030) | ||||||
| 现金净减少 | (1,213,867) | (2,683,717) | ||||||
| 现金、现金等价物和限制性现金——期初 | 3,764,867 | 7,706,357 | ||||||
| 现金、现金等价物和限制性现金-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 游戏科技公司 合并现金流量表 （未经审计） | ||||||||
| 将资产负债表中的现金、现金等价物和限制性现金与现金流量表进行对账 | ||||||||
| 现金和现金等价物 | $ | 2,551,000 | $ | 4,690,034 | ||||
| 非流动资产中包含的限制性现金 | - | 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 | $ | - | ||||
| 现金流信息的补充披露 | ||||||||
| 在此期间支付的现金用于： | ||||||||
| 利息 | $ | 5,735 | $ | 5,855 | ||||
| 所得税 | $ | 199,745 | $ | 84,988 | ||||
| 非现金活动的补充现金流披露 | ||||||||
| 收购Engage IT Services Srl时发行的普通股的公允价值 | $ | 1,735,615 | $ | - | ||||
| 收购Engage IT Services Srl撤销后返回的普通股的公允价值 | $ | (1,938,456) | ||||||
| 以可转换债务发行的认股权证的公允价值 | $ | 2,424,327 | $ | - | ||||
| 为结算负债而发行的限制性股票的公允价值 | $ | 60 | $ | - | ||||
| 为结算负债而发行的期权的公允价值 | $ | 125,000 | $ | - | ||||
译文内容由第三方软件翻译。
