2023 Q3 Form 10-Q Financial Statement

#000149315223027388 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q4
Revenue $29.82M $33.76M $36.95M
YoY Change -7.17% -3.46% 21.43%
Cost Of Revenue $9.240M $9.485M $10.04M
YoY Change -2.07% -9.35% -12.71%
Gross Profit $20.58M $24.27M $26.91M
YoY Change -9.28% -0.94% 42.16%
Gross Profit Margin 69.02% 71.9% 72.84%
Selling, General & Admin $14.26M $17.35M $21.61M
YoY Change -15.85% -17.19% 4.46%
% of Gross Profit 69.27% 71.49% 80.32%
Research & Development $9.150M $11.24M $7.205M
YoY Change 83.07% 116.62% 3.16%
% of Gross Profit 44.46% 46.3% 26.77%
Depreciation & Amortization $453.0K $371.0K $6.414M
YoY Change -92.31% -94.34% 55.57%
% of Gross Profit 2.2% 1.53% 23.83%
Operating Expenses $14.26M $17.35M $35.23M
YoY Change -15.85% -17.19% 10.8%
Operating Profit -$7.170M -$8.561M -$8.322M
YoY Change 39.28% -77.33% -35.33%
Interest Expense $1.264M $905.0K $2.521M
YoY Change -12.83% -16.2% -252200.0%
% of Operating Profit
Other Income/Expense, Net -$8.358M $1.191M
YoY Change -3195.56% 190.49%
Pretax Income -$8.434M -$17.82M -$144.3M
YoY Change 28.08% -53.8% 804.07%
Income Tax -$274.0K $585.0K $3.429M
% Of Pretax Income
Net Earnings -$8.160M -$18.41M -$147.7M
YoY Change 17.56% -52.0% 1077.25%
Net Earnings / Revenue -27.37% -54.53% -399.79%
Basic Earnings Per Share -$0.18 -$0.42
Diluted Earnings Per Share -$0.18 -$0.42 -$3.46
COMMON SHARES
Basic Shares Outstanding 44.68M shares 44.68M shares 42.59M shares
Diluted Shares Outstanding 44.70M shares 44.15M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.20M $43.39M $45.92M
YoY Change -6.19% -11.59% 16.32%
Cash & Equivalents $39.20M $43.40M $45.90M
Short-Term Investments
Other Short-Term Assets $4.086M $3.454M $3.041M
YoY Change 16.64% 34.19% -8.87%
Inventory
Prepaid Expenses $3.302M $3.933M $4.861M
Receivables $9.168M $10.15M $13.81M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $55.77M $60.93M $67.63M
YoY Change -11.28% -9.54% 24.27%
LONG-TERM ASSETS
Property, Plant & Equipment $3.017M $3.187M $2.850M
YoY Change 18.41% 30.99% 11.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.189M $5.123M $3.746M
YoY Change 19.67% 13.49% -62.63%
Total Long-Term Assets $32.89M $34.06M $35.45M
YoY Change -80.33% -80.94% -82.83%
TOTAL ASSETS
Total Short-Term Assets $55.77M $60.93M $67.63M
Total Long-Term Assets $32.89M $34.06M $35.45M
Total Assets $88.66M $94.98M $103.1M
YoY Change -61.47% -61.39% -60.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.449M $4.815M $6.437M
YoY Change -13.93% -23.18% 22.19%
Accrued Expenses $11.90M $13.45M $10.96M
YoY Change 345.03% 302.36% 134.83%
Deferred Revenue $9.467M $8.834M $10.68M
YoY Change 5.82% 1449.82% 3993.1%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $32.47M $32.27M $32.53M
YoY Change 21.75% 17.64% -1.52%
LONG-TERM LIABILITIES
Long-Term Debt $41.10M $39.77M $28.16M
YoY Change 47.55% 43.73%
Other Long-Term Liabilities $2.508M $3.253M $2.125M
YoY Change 65.33% 140.25% 3.71%
Total Long-Term Liabilities $2.508M $3.253M $2.125M
YoY Change 65.33% 140.25% 3.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.47M $32.27M $32.53M
Total Long-Term Liabilities $2.508M $3.253M $2.125M
Total Liabilities $86.64M $85.05M $82.31M
YoY Change 11.45% 10.43% 123.23%
SHAREHOLDERS EQUITY
Retained Earnings -$299.9M -$291.8M -$274.9M
YoY Change 135.86% 142.74% 260.01%
Common Stock $335.8M $334.4M $329.4M
YoY Change 2.45% 2.81% 2.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.020M $9.939M $20.77M
YoY Change
Total Liabilities & Shareholders Equity $88.66M $94.98M $103.1M
YoY Change -61.47% -61.39% -60.49%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q4
OPERATING ACTIVITIES
Net Income -$8.160M -$18.41M -$147.7M
YoY Change 17.56% -52.0% 1077.25%
Depreciation, Depletion And Amortization $453.0K $371.0K $6.414M
YoY Change -92.31% -94.34% 55.57%
Cash From Operating Activities -$2.290M $2.827M $2.310M
YoY Change -464.65% -230.7% -136.36%
INVESTING ACTIVITIES
Capital Expenditures $1.200M $1.807M $1.089M
YoY Change -123.98% -159.79% -128.86%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$500.0K
YoY Change -100.0% 85.19%
Cash From Investing Activities -$1.200M -$1.807M -$1.589M
YoY Change -76.02% -78.8% -60.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 1.294M -10.00K
YoY Change -100.0% -95.2% -135.71%
NET CHANGE
Cash From Operating Activities -2.290M 2.827M 2.310M
Cash From Investing Activities -1.200M -1.807M -1.589M
Cash From Financing Activities 0.000 1.294M -10.00K
Net Change In Cash -3.490M 2.314M 711.0K
YoY Change -10.12% -85.79% -106.86%
FREE CASH FLOW
Cash From Operating Activities -$2.290M $2.827M $2.310M
Capital Expenditures $1.200M $1.807M $1.089M
Free Cash Flow -$3.490M $1.020M $1.221M
YoY Change -161.97% 18.74% -147.34%

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CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-38349000 usd
us-gaap Net Income Loss
NetIncomeLoss
-16908000 usd
us-gaap Net Income Loss
NetIncomeLoss
-42848000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
155000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-12196000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1121000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-16460000 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-18254000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-50545000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-15787000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-59308000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
20768000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
1501000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
966000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1382000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
4000 usd
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
79000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
65000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
24607000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-18409000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
155000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1621000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
2000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1963000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
9939000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
224037000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-4499000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4264000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1316000 usd
CY2022Q1 GAN Adjustments To Additional Paid In Capital Accrued Liability Settled Through Issuance Of Shares
AdjustmentsToAdditionalPaidInCapitalAccruedLiabilitySettledThroughIssuanceOfShares
444000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
217034000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
217034000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-38349000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-38349000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1006000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
395000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
169006000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
169006000 usd
us-gaap Net Income Loss
NetIncomeLoss
-16908000 usd
us-gaap Net Income Loss
NetIncomeLoss
-42848000 usd
GAN Amortization Of Software And Intangible Assets
AmortizationOfSoftwareAndIntangibleAssets
7708000 usd
GAN Amortization Of Software And Intangible Assets
AmortizationOfSoftwareAndIntangibleAssets
10265000 usd
GAN Depreciation On Property And Equipment And Finance Lease Rightofuse Assets
DepreciationOnPropertyAndEquipmentAndFinanceLeaseRightofuseAssets
736000 usd
GAN Depreciation On Property And Equipment And Finance Lease Rightofuse Assets
DepreciationOnPropertyAndEquipmentAndFinanceLeaseRightofuseAssets
704000 usd
GAN Noncash Interest And Amortization Of Debt Discount And Debt Issuance Costs
NoncashInterestAndAmortizationOfDebtDiscountAndDebtIssuanceCosts
1564000 usd
GAN Noncash Interest And Amortization Of Debt Discount And Debt Issuance Costs
NoncashInterestAndAmortizationOfDebtDiscountAndDebtIssuanceCosts
95000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3049000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3678000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
9717000 usd
GAN Loss On Extinguishment Of Debt
LossOnExtinguishmentOfDebt
8784000 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
28861000 usd
GAN Deferred Income Tax
DeferredIncomeTax
324000 usd
GAN Deferred Income Tax
DeferredIncomeTax
-253000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
221000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
149000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
101000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3902000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3110000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-993000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1029000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
360000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-529000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1747000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-2363000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1699000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1203000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
2191000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-3251000 usd
GAN Increase Decrease In Accrued Content License Fees
IncreaseDecreaseInAccruedContentLicenseFees
-308000 usd
GAN Increase Decrease In Accrued Content License Fees
IncreaseDecreaseInAccruedContentLicenseFees
-647000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-2033000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-546000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
1171000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-859000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
930000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
759000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1348000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4187000 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1987000 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
6302000 usd
GAN Payment Of Content Licensing Fee
PaymentOfContentLicensingFee
5500000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
305000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
16000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1277000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
692000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3569000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12510000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
396000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
66000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
409000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1006000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
4733000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
30000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3143000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2425000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1247000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26965000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1137000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-670000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2533000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9598000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45920000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39477000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43387000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49075000 usd
us-gaap Interest Paid Net
InterestPaidNet
1068000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
158000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
575000 usd
GAN Intangible Assets Acquired In Business Acquisition
IntangibleAssetsAcquiredInBusinessAcquisition
26244000 usd
GAN Rightofuse Asset Obtained In Exchange For New Operating Lease Liability
RightofuseAssetObtainedInExchangeForNewOperatingLeaseLiability
2076000 usd
GAN Contract Asset And Contingent Liability Related To Synthetic Equity
ContractAssetAndContingentLiabilityRelatedToSyntheticEquity
1143000 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_807_eus-gaap--NatureOfOperations_zR5KevKda3Ra" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 </b>— <b><span id="xdx_825_zcVgg0VBxi7k">NATURE OF OPERATIONS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">GAN Limited (the “Parent,” and with its subsidiaries, collectively the “Company”) is an exempted company limited by shares, incorporated and registered in Bermuda.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is a business-to-business (“B2B”) supplier of a proprietary gaming system, GameSTACK™ (“GameSTACK”), which is used predominately by the U.S. land-based casino industry. For its B2B customers, GameSTACK is a turnkey technology solution for regulated real money internet gambling (“real money iGaming” or “RMiG”), online sports gaming, and virtual simulated gaming (“SIM”). In addition, the Company’s B2B segment offers GAN Sports, an in-house online and retail sports betting technology platform, through internet connected self-service kiosks deployed at casino properties and mobile solutions. The Company is also a business-to-consumer (“B2C”) developer and operator of an online sports betting and casino platform under its “Coolbet” brand, providing international users with access through www.coolbet.com to its sportsbook, casino games and poker products. The Company operates its B2C segment in markets across Northern Europe, Latin America, and Canada.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-291800000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43400000 usd
CY2023Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8800000 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
30000000.0 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
42000000.0 usd
CY2023Q2 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.080 pure
CY2023Q2 GAN Financial Covenant Requirement Minimum Liquidity
FinancialCovenantRequirementMinimumLiquidity
10000000.0 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zVxkSEP5ARi6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_863_zJSwqCsAXE2c">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Due to the inherent uncertainties involved in making estimates, actual results could differ from the original estimates, and may require significant adjustments to these reported balances in future periods.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
392000 usd
CY2022Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
311000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1016000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1178000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_847_eus-gaap--ConcentrationRiskCreditRisk_z8T2JEalgeme" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_864_zquiyGKuWhNd">Concentration of Credit Risk</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of its cash and trade receivables. The Company holds cash deposits in foreign countries, primarily in Northern Europe and Latin America, of approximately $<span id="xdx_906_eus-gaap--Deposits_iI_pn5n6_c20230630__srt--StatementGeographicalAxis__custom--NorthernEuropeAndLatinAmericaMember_zEY6bVMzSpKl" title="Cash deposits">36.6</span> million, which are subject to local banking laws and may bear higher or lower risk than cash deposited in the United States. Cash held in the United States is maintained in a major financial institution in excess of federally insured limits. As part of our cash management processes, the Company performs periodic evaluations of the credit standing of the financial institutions and we have not sustained any credit losses from instruments held at these financial institutions. Additionally, the Company maintains an allowance for potential credit losses, but historically has not experienced any significant losses related to individual customers or groups of customers in any particular geographic area.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
6900000 usd
CY2023Q2 GAN Amounts Due To Customers Current
AmountsDueToCustomersCurrent
1874000 usd
CY2022Q4 GAN Amounts Due To Customers Current
AmountsDueToCustomersCurrent
1628000 usd
CY2023Q2 GAN Number Of Third Party Gaming Products Available
NumberOfThirdPartyGamingProductsAvailable
5100 integer
CY2023Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8834000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
10683000 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7810000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6449000 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4623000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3599000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3187000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2850000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
371000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
303000 usd
us-gaap Depreciation
Depreciation
736000 usd
us-gaap Depreciation
Depreciation
614000 usd
CY2023Q2 GAN Capitalized Computer Software Gross Excluding Development In Progress
CapitalizedComputerSoftwareGrossExcludingDevelopmentInProgress
8077000 usd
CY2022Q4 GAN Capitalized Computer Software Gross Excluding Development In Progress
CapitalizedComputerSoftwareGrossExcludingDevelopmentInProgress
6857000 usd
CY2023Q2 GAN Capitalized Computer Software In Progress Development
CapitalizedComputerSoftwareInProgressDevelopment
1665000 usd
CY2022Q4 GAN Capitalized Computer Software In Progress Development
CapitalizedComputerSoftwareInProgressDevelopment
732000 usd
CY2023Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
9742000 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
7589000 usd
CY2023Q2 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
1834000 usd
CY2022Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
840000 usd
CY2023Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
7908000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
6749000 usd
CY2023Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
490000 usd
CY2022Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1953000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
976000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
3115000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
49963000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
31039000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18924000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
48727000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
23772000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
24955000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3383000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4230000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6732000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7150000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
6825000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3010000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3000000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2568000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1887000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1634000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18924000 usd
CY2022Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
30000000.0 usd
CY2022Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.095 pure
CY2022Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
2400000 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
27600000 usd
CY2023Q2 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
7300000 usd
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
8800000 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
30000000.0 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
42000000.0 usd
CY2023Q2 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.080 pure
CY2023Q2 GAN Debt Instrument Interest Rate For Exit Fee
DebtInstrumentInterestRateForExitFee
0.025 pure
CY2023Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3100000 usd
CY2023Q2 GAN Financial Covenant Requirement Minimum Liquidity
FinancialCovenantRequirementMinimumLiquidity
10000000.0 usd
CY2023Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.1022 pure
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
42713000 usd
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CY2023Q2 us-gaap Long Term Debt
LongTermDebt
39769000 usd
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
913000 usd
CY2022Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
664000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
200000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
95000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
2307000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
664000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
526000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
95000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.12
GAN Weighted Average Contractual Term Outstanding Beginning
WeightedAverageContractualTermOutstandingBeginning
P6Y7M2D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1139000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
367870 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.01
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5129 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.01
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
14.23
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3488663 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.71
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y7M9D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1763000 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2440298 shares
CY2023Q2 GAN Weighted Average Exercise Price Options Exercisable At End Of Period
WeightedAverageExercisePriceOptionsExercisableAtEndOfPeriod
8.07
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y8M15D
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
637000 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.89
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.7
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.55
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.0000 pure
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.0186 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.0000 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5076 pure
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P0Y1M20D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y1M24D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0000 pure
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0009 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0000 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0145 pure
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50 pure
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.04 pure
CY2023Q2 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
177000 usd
CY2022Q2 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
148000 usd
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
355000 usd
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
321000 usd
CY2023Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
427000 usd
CY2022Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
270000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
9718000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
270000 usd
CY2023Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
8784000 usd
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
8784000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-8358000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
270000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
934000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
270000 usd
CY2023Q2 GAN Gains On Extinguishment Of Debt
GainsOnExtinguishmentOfDebt
400000 usd
GAN Gains On Extinguishment Of Debt
GainsOnExtinguishmentOfDebt
9700000 usd
CY2023Q2 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
8800000 usd
us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
8800000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2607000 usd
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5368251 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5835801 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5368251 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5835801 shares
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33758000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34967000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
68887000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
72461000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2655000 usd
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2095000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2117000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1874000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2607000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1421000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1421000 usd
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
263000 usd
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
459000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
457000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
635000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33758000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34967000 usd
CY2023Q2 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
9485000 usd
CY2022Q2 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
10463000 usd
CY2023Q2 GAN Segment Contribution
SegmentContribution
24273000 usd
CY2022Q2 GAN Segment Contribution
SegmentContribution
24504000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
68887000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
72461000 usd
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
19646000 usd
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
22163000 usd
GAN Segment Contribution
SegmentContribution
49241000 usd
GAN Segment Contribution
SegmentContribution
50298000 usd
CY2023Q2 GAN Segment Contribution
SegmentContribution
24273000 usd
CY2022Q2 GAN Segment Contribution
SegmentContribution
24504000 usd
GAN Segment Contribution
SegmentContribution
49241000 usd
GAN Segment Contribution
SegmentContribution
50298000 usd
CY2023Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
7324000 usd
CY2022Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
7413000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
14508000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
13511000 usd
CY2023Q2 GAN Product And Technology Expense
ProductAndTechnologyExpense
11238000 usd
CY2022Q2 GAN Product And Technology Expense
ProductAndTechnologyExpense
8403000 usd
GAN Product And Technology Expense
ProductAndTechnologyExpense
20816000 usd
GAN Product And Technology Expense
ProductAndTechnologyExpense
17357000 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10029000 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10327000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20035000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19719000 usd
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
28861000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
28861000 usd
CY2022Q2 us-gaap Restructuring Costs
RestructuringCosts
712000 usd
us-gaap Restructuring Costs
RestructuringCosts
1771000 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4243000 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6556000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
8444000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
10969000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-905000 usd
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1080000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2621000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1071000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-8358000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
270000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
934000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
270000 usd
CY2023Q2 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-17824000 usd
CY2022Q2 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-38578000 usd
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-16249000 usd
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-42691000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33758000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34967000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
68887000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
72461000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33758000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34967000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
68887000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
72461000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.033 pure
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.006 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.041 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.004 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0 pure
us-gaap Restructuring Charges
RestructuringCharges
1800000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2103000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
234000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
409000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
195000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1725000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2133000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
195000 usd
CY2023Q2 GAN Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
1291000 usd
CY2022Q4 GAN Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
1033000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
151 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
131 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
257 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
262 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
292000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
524000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
524000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
524000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
524000 usd
CY2023Q2 GAN Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
246000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2634000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
501000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2133000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y1M6D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.089 pure
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048 pure
us-gaap Operating Lease Payments
OperatingLeasePayments
215000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
272000 usd
CY2023Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
2.00

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