Elys Game Technology Corp

OTC Pink - Current Information:ELYSUnited States

Nov 20, 2023

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• Press Release: Elys Game Technology Reports Third Quarter 2023 Business and Financial Results, from 4:39PM ET on Monday Nov 20, 2023 by Dow Jones

  4:39PM ET on Monday Nov 20, 2023 by Dow Jones
  Companies Mentioned: ELYS
  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 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 ========= ========= 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 $ -- ========== ======
  

• -- Earnings Flash (ELYS) ELYS GAME TECHNOLOGY Reports Q3 Revenue $8.5M, from 4:09PM ET on Monday Nov 20, 2023 by MT Newswires

  4:09PM ET on Monday Nov 20, 2023 by MT Newswires
  Companies Mentioned: ELYS
  04:09 PM EST, 11/20/2023 (MT Newswires) -- ...