BUSINESS COMBINATIONS (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
Dec. 31, 2020 |
| Disclosure of detailed information about business combination [line items] |
|
|
| Schedule of the allocation of the purchase consideration to the fair value of the assets and liabilities |
|
|
|
|
|
|
Amount |
Cash and cash equivalents |
|
|
1,376,396 |
Accounts receivable, net |
|
|
196,434 |
Due from related parties |
|
|
3,171 |
Inventories |
|
|
157,927 |
Prepaid expenses and other current assets |
|
|
613,164 |
Property and equipment, net |
|
|
6,865,544 |
Operating lease right-of-use asset |
|
|
1,740,083 |
Other intangible assets |
|
|
67,849 |
Goodwill |
|
|
1,209,953 |
Total acquired assets |
|
|
12,230,521 |
Less: Acquired liabilities Accounts payable |
|
|
56,490 |
Accrued expenses and other current liabilities |
|
|
1,013,665 |
Deferred revenue |
|
|
564,215 |
Operating lease liabilities – current portion |
|
|
519,740 |
Deferred tax liability |
|
|
607,270 |
Operating lease liabilities – non-current portion |
|
|
1,311,110 |
Loans payable – non-current portion |
|
|
1,000,000 |
Convertible debt obligations |
|
|
1,220,450 |
Total acquired liabilities |
|
|
6,292,940 |
Net assets |
|
$ |
5,937,581 |
Net assets acquired – 97.8% controlling interest |
|
$ |
5,806,954 |
|
|
| Entrepreneurs Institute |
|
|
| Disclosure of detailed information about business combination [line items] |
|
|
| Schedule of the allocation of the purchase consideration to the fair value of the assets and liabilities |
|
|
|
|
|
|
|
Amount |
Cash & equivalents |
|
$ |
159,000 |
Accounts receivable |
|
|
984,000 |
Advances to affiliates |
|
|
830,000 |
Prepaid expenses |
|
|
468,000 |
Other assets |
|
|
9,000 |
Total acquired assets |
|
|
2,450,000 |
Less: Acquired liabilities Accounts payable |
|
|
(566,000) |
Accrued expenses |
|
|
(58,000) |
Deferred revenue |
|
|
(2,224,000) |
Net assets acquired |
|
$ |
(398,000) |
|
| Matla Game Lodge |
|
|
| Disclosure of detailed information about business combination [line items] |
|
|
| Schedule of the allocation of the purchase consideration to the fair value of the assets and liabilities |
|
|
|
|
|
|
|
Amount |
Cash & equivalents |
|
$ |
14,759 |
Buildings |
|
|
975,008 |
Right of use asset |
|
|
166,925 |
Other property and equipment |
|
|
290,865 |
Other assets |
|
|
9,888 |
Total acquired assets |
|
|
1,457,445 |
Less: Acquired liabilities Accounts payable |
|
|
(8,499) |
Lease liability |
|
|
(166,925) |
Deferred tax liability |
|
|
(218,402) |
Other liabilities |
|
|
(2,824) |
Net assets acquired |
|
$ |
1,060,795 |
|
| Entrepreneur Resorts Limited [Member] |
|
|
| Disclosure of detailed information about business combination [line items] |
|
|
| Schedule of the allocation of the purchase consideration to the fair value of the assets and liabilities |
|
|
|
|
|
|
|
Amount |
Cash and cash equivalents |
|
|
1,376,396 |
Accounts receivable, net |
|
|
196,434 |
Due from related parties |
|
|
3,171 |
Inventories |
|
|
157,927 |
Prepaid expenses and other current assets |
|
|
613,164 |
Property and equipment, net |
|
|
6,865,544 |
Operating lease right-of-use asset |
|
|
1,740,083 |
Other intangible assets |
|
|
67,849 |
Goodwill |
|
|
1,209,953 |
Total acquired assets |
|
|
12,230,521 |
Less: Acquired liabilities Accounts payable |
|
|
56,490 |
Accrued expenses and other current liabilities |
|
|
1,013,665 |
Deferred revenue |
|
|
564,215 |
Operating lease liabilities – current portion |
|
|
519,740 |
Deferred tax liability |
|
|
607,270 |
Operating lease liabilities – non-current portion |
|
|
1,311,110 |
Loans payable – non-current portion |
|
|
1,000,000 |
Convertible debt obligations |
|
|
1,220,450 |
Total acquired liabilities |
|
|
6,292,940 |
Net assets |
|
$ |
5,937,581 |
Net assets acquired – 97.8% controlling interest |
|
$ |
5,806,954 |
|