Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2021 | May 12, 2021 | |
Document Information [Line Items] | ||
Entity Registrant Name | KIDOZ INC. | |
Entity Central Index Key | 0001318482 | |
Trading Symbol | kidz | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Interactive Data Current | Yes | |
Entity Common Stock, Shares Outstanding (in shares) | 131,354,989 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2021 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Shares |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash | $ 1,611,592 | $ 1,226,045 |
Accounts receivable, less allowance for doubtful accounts $54,661 (December 31, 2020 - $55,660) (Note 3) | 2,389,012 | 3,933,540 |
Prepaid expenses | 136,633 | 89,970 |
Total Current Assets | 4,137,237 | 5,249,555 |
Equipment (Note 4) | 21,290 | 21,839 |
Goodwill (Note 6) | 3,301,439 | 3,301,439 |
Intangible assets (Note 5) | 2,111,971 | 2,250,989 |
Long term cash equivalent | 31,766 | 31,392 |
Operating lease right-of-use assets (Note 12) | 88,806 | 106,315 |
Security deposit | 7,691 | 7,600 |
Total Assets | 9,700,200 | 10,969,129 |
Current liabilities: | ||
Accounts payable | 676,891 | 1,722,066 |
Accrued liabilities | 418,539 | 375,089 |
Accounts payable and accrued liabilities - related party (Note 13) | 58,278 | 50,772 |
Operating lease liabilities - current portion (Note 12) | 32,064 | 30,083 |
Total Current Liabilities | 1,185,772 | 2,178,010 |
Government CEBA loan (Note 8) | 47,650 | 47,089 |
Operating lease liabilities - non-current portion (Note 12) | 66,606 | 73,835 |
Total Liabilities | 1,300,028 | 2,298,934 |
Commitments (Note 11) | ||
Stockholders' Equity (Note 9): | ||
Common stock, no par value, unlimited shares authorized, 131,124,989 shares issued and outstanding (December 31, 2020 - 131,124,989) | 49,171,117 | 49,094,096 |
Accumulated deficit | (40,795,525) | (40,448,481) |
Accumulated other comprehensive income: Foreign currency translation adjustment | 24,580 | 24,580 |
Total Stockholders' Equity | 8,400,172 | 8,670,195 |
Total Liabilities and Stockholders' Equity | $ 9,700,200 | $ 10,969,129 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Allowance for doubtful accounts | $ 54,661 | $ 55,660 |
Common stock, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares issued (in shares) | 131,124,989 | 131,124,989 |
Common stock, shares outstanding (in shares) | 131,124,989 | 131,124,989 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ / shares in Thousands | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Revenue: | ||
Total revenue | $ 1,557,942 | $ 983,979 |
Total cost of sales | 872,901 | 539,804 |
Gross profit | 685,041 | 444,175 |
Operating expenses: | ||
Amortization of operating lease right-of-use assets (Note 12) | 17,509 | 15,372 |
Depreciation and amortization (Notes 4 & 5) | 141,832 | 141,331 |
Directors fees | 2,000 | 2,500 |
General and administrative | 157,695 | 143,255 |
Salaries, wages, consultants and benefits | 132,242 | 136,240 |
Selling and marketing | 128,688 | 115,707 |
Stock-based compensation (Note 9) | 77,021 | 541 |
Content and software development (Note 7) | 337,293 | 284,723 |
Total operating expenses | 994,280 | 839,669 |
Loss before other income (expense) and income taxes | (309,239) | (395,494) |
Other income (expense): | ||
Foreign exchange loss | (37,805) | (8,704) |
Interest and other income | 274 | |
Loss before income taxes | (347,044) | (403,924) |
Income tax expense | ||
Loss after tax | (347,044) | (403,924) |
Other comprehensive income (loss) | ||
Comprehensive loss | $ (347,044) | $ (403,924) |
Basic and diluted loss per common share (in dollars per share) | $ 0 | $ 0 |
Weighted average common shares outstanding, basic (in shares) | 131,124,989 | 131,124,989 |
Weighted average common shares outstanding, diluted (in shares) | 131,124,989 | 131,124,989 |
Advertising [Member] | ||
Revenue: | ||
Total revenue | $ 1,504,300 | $ 895,555 |
Content [Member] | ||
Revenue: | ||
Total revenue | $ 53,642 | $ 88,424 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) | Common Stock Including Additional Paid in Capital [Member] | Retained Earnings [Member] | Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2019 | 131,124,989 | |||
Balance at Dec. 31, 2019 | $ 48,935,213 | $ (40,552,452) | $ 24,580 | $ 8,407,341 |
Stock-based compensation | 541 | 541 | ||
Net loss and comprehensive loss | (403,924) | (403,924) | ||
Balance (in shares) at Mar. 31, 2020 | 131,124,989 | |||
Balance at Mar. 31, 2020 | $ 48,935,754 | (40,956,376) | 24,580 | 8,003,958 |
Balance (in shares) at Dec. 31, 2020 | 131,124,989 | |||
Balance at Dec. 31, 2020 | $ 49,094,096 | (40,448,481) | 24,580 | 8,670,195 |
Stock-based compensation | 77,021 | 77,021 | ||
Net loss and comprehensive loss | (347,044) | (347,044) | ||
Balance (in shares) at Mar. 31, 2021 | 131,124,989 | |||
Balance at Mar. 31, 2021 | $ 49,171,117 | $ (40,795,525) | $ 24,580 | $ 8,400,172 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2020 | |
Cash flows from operating activities: | |||
Net loss | $ (347,044) | $ (403,924) | |
Adjustments to reconcile net loss to net cash used in operating activities: | |||
Depreciation and amortization | 141,832 | 141,331 | |
Amortization of operating lease right-of-use assets | 17,509 | 15,372 | $ 54,071 |
Stock-based compensation | 77,021 | 541 | |
Realized foreign exchange loss | 96 | ||
Changes in operating assets and liabilities: | |||
Accounts receivable | 1,544,528 | 311,301 | |
Prepaid expenses | (46,663) | (1,173) | |
Accounts payable and accrued liabilities | (994,219) | (464,052) | |
Net cash provided by (used in) operating activities | 393,060 | (400,604) | |
Cash flows from investing activities: | |||
Acquisition of equipment | (2,265) | ||
Long-term cash equivalent | 3,130 | ||
Acquisition of right-of-use assets | (8,668) | ||
Security deposits | 629 | ||
Net cash used in investing activities | (2,265) | (4,909) | |
Cash flows from financing activities: | |||
Proceeds of short-term loan | 200,000 | ||
Repayment of short-term loan | (200,000) | ||
Payments on operating lease liabilities | (5,248) | (16,187) | |
Government CEBA loan | |||
Net cash used in financing activities | (5,248) | (16,187) | |
Change in cash | 385,547 | (421,700) | |
Cash, beginning of period | 1,226,045 | 967,212 | 967,212 |
Cash, end of period | 1,611,592 | 545,512 | $ 1,226,045 |
Supplementary information: | |||
Interest paid | 987 | ||
Income taxes recovery |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | 1. Basis of Presentation: The accompanying unaudited interim consolidated financial statements have been prepared by Kidoz Inc. ("the Company") in conformity with accounting principles generally accepted in the United States of America ("US GAAP") applicable to interim financial information and with the rules and regulations of the United States Securities and Exchange Commission. Accordingly, certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with generally accepted accounting principles have been condensed, or omitted, pursuant to such rules and regulations. In the opinion of management, the unaudited interim consolidated financial statements include all adjustments necessary for the fair presentation of the results of the interim periods presented. All adjustments are of a normal recurring nature, except as otherwise noted below. These unaudited interim consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements and notes thereto for the year ended December 31, 2020, 10 March 31, 2021, not Continuing operations These unaudited interim consolidated financial statements have been prepared on the going concern basis, which presumes the realization of assets and the settlement of liabilities in the normal course of operations. The application of the going concern basis is dependent upon the Company achieving profitable operations to generate sufficient cash flows to fund continued operations, or, in the absence of adequate cash flows from operations, obtaining additional financing. The Company has reported losses from operations for the Three Months ended March 31, 2021 2020 $40,795,525 March 31, 2021. In view of the matters described in the preceding paragraph, recoverability of a major portion of the recorded asset amounts and settlement of the liability amounts shown in the accompanying balance sheets is dependent upon continued operations of the Company, which in turn is dependent upon the Company's ability to succeed in its future operations. The financial statements do not Management continues to review operations in order to identify additional strategies designed to generate cash flow, improve the Company's financial position, and enable the timely discharge of the Company's obligations. If management is unable to identify sources of additional cash flow in the short term, it may In March 2020 19 March 2020, not Company to predict the duration or magnitude of the outbreak and at this time its full effects on the Company's business, its future results of operations, or ability to raise funds. |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. Summary of significant accounting policies: (a) Basis of presentation: These unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") applicable to annual financial information and with the rules and regulations of the United States Securities and Exchange Commission. The financial statements include the accounts of the Company's subsidiaries: Company Registered % Owned Shoal Media (Canada) Inc. British Columbia, Canada 100 % Coral Reef Marketing Inc. Anguilla 100 % Kidoz Ltd. Israel 100 % Rooplay Media Ltd. British Columbia, Canada 100 % Rooplay Media Kenya Limited Kenya 100 % Shoal Media Inc. Anguilla 100 % Shoal Games (UK) Plc United Kingdom 99 % Shoal Media (UK) Ltd. United Kingdom 100 % In addition, there are the following dormant subsidiaries; Bingo.com (Antigua) Inc., Bingo.com (Wyoming) Inc., and Bingo Acquisition Corp. All inter-company balances and transactions have been eliminated in the consolidated financial statements. (b) Use of estimates: The preparation of unaudited interim consolidated financial statements in conformity with US GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and recognized revenues and expenses for the reporting periods. Significant areas requiring the use of estimates include the collectability of accounts receivable, the valuation of stock-based compensation, the valuation of deferred tax assets, the useful lives of intangible assets, and the estimated interest rate of 12% 4.12% 5% may (c) Revenue recognition: In accordance with ASC 606, We derive substantially all of our revenue from the sale of Ad tech advertising revenue. To achieve this core principle, the Company applied the following five 1 A contract with a customer exists when (i) the Company enters into an enforceable contract with a customer that defines each party's rights regarding the services to be transferred, whose impression count will form the basis of the revenue and identifies the payment terms related to these services, (ii) the contract has commercial substance and, (iii) the Company determines that collection of substantially all consideration for services that are transferred is probable based on the customer's intent and ability to pay the promised consideration. The Company applies judgment in determining the customer's ability and intention to pay, which is based on a variety of factors including the customer's historical payment experience or, in the case of a new customer, published credit and financial information pertaining to the customer. 2 Performance obligations promised in a contract are identified based on the services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the service either on its own or together with other resources that are readily available from third not 3 The transaction price is determined based on the consideration to which the Company will be entitled in exchange for transferring services to the customer. None 4 If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on a relative standalone selling price basis. The Company determines standalone selling price based on the price at which the performance obligation is sold separately. If the standalone selling price is not 5 The Company satisfies performance obligations at a point in time as discussed in further detail under "Disaggregation of Revenue" below. Revenue is recognized at the time the related performance obligation is satisfied by transferring a promised service to a customer. Disaggregation of Revenue All of the Company's performance obligations, and associated revenue, are generally transferred to customers at a point in time. The Company has the following revenue streams: 1 third one 2 a) Carriers and OEMs - The Company generally offers these services under a customer contract per tablet device license fee model with OEMs. Monthly or quarterly license fees are based on the OEM agreement with the number of devices the Kidoz Kid Mode is installed upon. b) Rooplay - The Company generates revenue through subscriptions or premium sales of Rooplay, (www.rooplay.com) the cloud-based EduGame system for kids to learn and play within its games on smartphones and tablet devices, such as Apple's iPhone and iPad, and mobile devices utilizing Google's Android operating system. Users can download the Company's games through digital storefronts and decide to subscribe to the multiple of educational and fun games in the Rooplay, cloud-based EduGame system or make a premium per purchase of particular games. The revenue is recognized net of platform fees. c) Rooplay licensing - The Company licenses it branded educational games under a monthly cost per game agreement license fee model. Monthly license fees are based on the number of games licensed. d) Trophy Bingo and Garfield Bingo - The Company generates revenue through in-application purchases ("in-app purchases") within its games; Garfield's Bingo (www.garfieldsbingo.com) and Trophy Bingo (www.trophybingo.com) on smartphones and tablet devices, such as Apple's iPhone and iPad, and mobile devices utilizing Google's Android operating system. Users can download the Company's free-to-play games through Facebook Messenger, Android, Amazon and iOS and pay to acquire virtual currency which can be redeemed in the game for power plays. The initial download of the mobile game from the digital storefront does not 606 606. The Company has identified the following performance obligations in these contracts: i. Ongoing game related services such as hosting of game play, storage of customer content, when and if available content updates, maintaining the virtual currency management engine, tracking gameplay statistics, matchmaking as it relates to multiple player gameplay, etc. ii. Obligation to the paying player to continue displaying and providing access to the virtual items within the game. Neither of these obligations are considered distinct since the actual mobile game and the related ongoing services are both required to purchase and benefit from the related virtual items. As such, the Company's performance obligations represent a single combined performance obligation which is to make the game and the ongoing game related services available to the players. The revenue is recognized net of platform fees. The Company also has relationships with certain advertising service providers for advertisements within smartphone games and revenue from these advertising providers is generated through impressions, clickthroughs, banner ads, and offers. Offers are the type of advertisements where the players are rewarded with virtual currency for completing specified actions, such as downloading another application, watching a short video, subscribing to a service or completing a survey. The Company has determined the advertising buyer to be its customer and displaying the advertisements within the mobile games is identified as the single performance obligation. Revenue from advertisements and offers are recognized at the point-in-time the advertisements are displayed in the game or the offer has been completed by the user as the customer simultaneously receives and consumes the benefits provided from these services. (d) Software development costs: The Company expensed all software development costs as incurred for the period ended March 31, 2021 2020. March 31, 2021 2020, no Software development costs incurred in the research and development of new software products and enhancements to existing software products for external use are expensed as incurred until technological feasibility has been established. After technological feasibility is established, any software development costs are capitalized and amortized at the greater of the straight-line basis over the estimated economic life of the related product or the ratio that current gross revenues for a product bear to the total of current and anticipated future gross revenues for the related product. As at March 31, 2021 December 31, 2020, no Total software development costs were $9,218,046 March 31, 2021 ( December 31, 2020 - $8,880,753 (e) Impairment of long-lived assets and long-lived assets to be disposed of: If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount and the fair value less costs to sell. Intangible assets are recorded at cost less accumulated amortization. Amortization is provided for annually on the straight-line method over the following periods: Amortization period (in years) Ad Tech technology 5 Kidoz OS technology 3 Customer relationship 8 (f) Goodwill: The Company accounts for goodwill in accordance with the provisions of ASC 350, not not may not The goodwill impairment test is used to identify both the existence of impairment and the amount of impairment loss, and compares the fair value of a reporting unit with its carrying amount and is based on discounted future cash flows, based on market multiples applied to free cash flow. The determination of the fair value of our reporting units requires management to make significant estimates and assumptions including the selection of control premiums, discount rates, terminal growth rates, forecasts of revenue and expense growth rates, income tax rates, changes in working capital, depreciation, amortization and capital expenditures. Changes in assumptions concerning future financial results, exogenous market conditions, or other underlying assumptions could have a significant impact on either the fair value of the reporting unit or the amount of the goodwill impairment charge. If the carrying value of the reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. During the year ended December 31, 2020, no (g) New accounting pronouncements and changes in accounting policy: In December 2019, No. 2019 12, 740 740 December 15, 2020, not There have been no March 31, 2021, (h) Financial instruments and fair value measurements: (i) Fair values: Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on measurement date. The Company classifies assets and liabilities recorded at fair value under the fair value hierarchy based upon the observability of inputs used in valuation techniques. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. The fair value measurements are classified under the following hierarchy: Level 1 Level 2 not Level 3 no When available, we use quoted market prices to determine fair value, and we classify such measurements within Level 1. not 2. not one 3. Fair value measurements are classified according to the lowest level input or value-driver that is significant to the valuation. A measurement may 3 may Fair value measurement includes the consideration of nonperformance risk. Nonperformance risk refers to the risk that an obligation (either by a counterparty) will not 1 2 2 3 The fair value of accounts receivable, accounts payable, accrued liabilities, and accounts payable and accrued liabilities - related party approximate their financial statement carrying amounts due to the short-term maturities of these instruments and are therefore carried at historical cost basis. The government CEBA loan is classified as a financial liability and its fair value was determined using the effective interest rate method, and is carried at amortized cost. Fair values determined by Level 3 1 2 3 (ii) Foreign currency risk: The Company operates internationally, which gives rise to the risk that cash flows may not |
Note 3 - Accounts Receivable
Note 3 - Accounts Receivable | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 3. Accounts receivable: The accounts receivable as at March 31, 2021, March 31, 2021 December 31, 2020 Accounts receivable $ 2,443,673 $ 3,989,200 Expected credit losses (54,661 ) (55,660 ) Net accounts receivable $ 2,389,012 $ 3,933,540 The Company had bank accounts with the National Bank of Anguilla. During the year ended December 31, 2016, 11 $27,666 2016 $26,995 |
Note 4 - Equipment
Note 4 - Equipment | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 4. Equipment: March 31, 2021 Cost Accumulated depreciation Net book Value Equipment and computers $ 148,810 $ 133,400 $ 15,410 Furniture and fixtures 14,787 8,907 5,880 $ 163,597 $ 142,307 $ 21,290 December 31, 2020 Cost Accumulated depreciation Net book Value Equipment and computers $ 146,545 $ 130,798 $ 15,747 Furniture and fixtures 14,787 8,695 6,092 $ 161,332 $ 139,493 $ 21,839 Depreciation expense was $2,814 March 31, 2020 - $2,313 March 31, 2021. |
Note 5 - Intangible Assets
Note 5 - Intangible Assets | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 5. Intangible assets: March 31, 2021 Cost Accumulated depreciation Net book Value Ad Tech technology $ 1,877,415 $ 782,256 $ 1,095,159 Kidoz OS technology 31,006 21,532 9,474 Customer relationship 1,362,035 354,697 1,007,338 $ 3,270,456 $ 1,158,485 $ 2,111,971 December 31, 2020 Cost Accumulated amortization Net book Value Ad Tech technology $ 1,877,415 $ 688,386 $ 1,189,029 Kidoz OS technology 31,006 18,948 12,058 Customer relationship 1,362,035 312,133 1,049,902 $ 3,270,456 $ 1,019,467 $ 2,250,989 Amortization expense was $139,018 March 31, 2020 - $139,018 March 31, 2021. |
Note 6 - Goodwill
Note 6 - Goodwill | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | 6. Goodwill: The changes in the carrying amount of goodwill for the periods ended March 31, 2021, 2020 March 31, 2021 December 31, 2020 Goodwill, balance at beginning of period $ 3,301,439 $ 3,301,439 Impairment of goodwill - - Goodwill, balance at end of period $ 3,301,439 $ 3,301,439 The Company's annual goodwill impairment analysis performed during the fourth 2020 5 $5,413,410 December 31, 2020 - $5,552,428 December 31, 2020. December 31, 2020. 3 no 2020. |
Note 7 - Content and Software D
Note 7 - Content and Software Development Assets | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | 7. Content and software development assets: Since the year ended December 31, 2014, During the period ended March 31, 2021, March 31, 2021 March 31, 2020 Opening total development costs $ 8,880,753 $ 7,730,851 Development during the period 337,293 284,723 Closing total development costs $ 9,218,046 $ 8,015,574 |
Note 8 - Government CEBA Loan
Note 8 - Government CEBA Loan | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 8. Government CEBA loan: During the year ended December 31, 2020, $47,089 CAD$60,000 one 19. CAD$20,000 CAD$40,000 December 31, 2022. December 31, 2022, 3 5%. During the quarter ended March 31, 2021, $200,000 March 31, 2021 $987. |
Note 9 - Stockholders' Equity
Note 9 - Stockholders' Equity | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 9. Stockholders' Equity: The holders of common stock are entitled to one no not no There have not March 31, 2021 December 31, 2020. Subsequent to the quarter ended March 31, 2021, $5,162 CAD$6,500 6 230,000 230,000 one $0.78 CAD$0.98 24 March 31, 2021, (b) Stock option plans: 2015 In the year ended December 31, 2015, 2015 1999, 2001 2005 2015 not 10% 10 2015 10% During the quarter ended March 31, 2021, 1,075,000 CAD$0.50 $0.39 During the year ended December 31, 2020, 2,745,000 CAD$0.45 $0.33 Number of options Weighted average exercise price Outstanding December 31, 2019 3,200,750 $ 0.45 Granted 2,745,000 0.33 Exercised - - Cancelled (70,000 ) (0.42 ) Outstanding, December 31, 2020 5,875,750 $ 0.39 Granted 1,075,000 0.39 Exercised - - Cancelled (140,000 ) (0.35 ) Outstanding March 31, 2021 6,810,750 $ 0.39 The aggregate intrinsic value for options as of March 31, 2021 $2,511,086 December 31, 2020 - $137,250 The following table summarizes information concerning outstanding and exercisable stock options at March 31, 2021: Exercise prices per share Number outstanding Number exercisable Expiry date $ 0.33 2,645,000 87,000 June 30, 2025 0.39 1,035,000 135,000 February 1, 2026 0.40 620,000 620,000 December 20, 2021 0.42 522,750 486,650 November 8, 2022 0.42 713,000 713,000 June 4, 2023 0.50 1,275,000 1,275,000 June 4, 2023 6,810,750 3,316,650 During the quarter ended March 31, 2021, $77,021 March 31, 2020 - $541 $0.28 March 31, 2020 - $0.29 Subsequent to the quarter ended March 31, 2021, 1,300,000 2% CAD$1.02 $0.81 April 6, 2026. |
Note 10 - Fair Value Measuremen
Note 10 - Fair Value Measurement | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 10. Fair value measurement: The following table sets forth the fair value of the Company's financial assets and liabilities measured at fair value on a recurring basis based on the three Level 1 Level 2 Level 3 Total As at March 31, 2021 Assets Cash $ 1,611,592 $ - $ - $ 1,611,592 Long term cash equivalent 31,766 - - 31,766 Total assets measured and recorded at fair value $ 1,643,358 $ - $ - $ 1,643,358 Level 1 Level 2 Level 3 Total As at December 31, 2020 Assets Cash $ 1,226,045 $ - $ - $ 1,226,045 Long term cash equivalent 31,392 - - 31,392 Total assets measured and recorded at fair value $ 1,257,437 $ - $ - $ 1,257,437 |
Note 11 - Commitments
Note 11 - Commitments | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 11. Commitments: The Company leases office facilities in Vancouver, British Columbia, Canada, The Valley, Anguilla, British West Indies and Netanya, Israel. These office facilities are leased under operating lease agreements. During the quarter ended March 31, 2019, five April 1, 2019 March 2024. 1,459 2016 02 842 The Netanya, Israel operating lease expired on July 14, 2017 3 12 December 31, 2020, 12 190 The Anguillan operating lease expired on April 1, 2011 3 3 2016 02 842 The minimum lease payments under these operating leases are approximately as follows: 2021 $ 49,129 2022 49,267 2023 50,426 2024 12,679 The Company paid rent expense totaling $32,419 March 31, 2021 ( March 31, 2020 - $25,873 The Company has a management consulting agreement with T.M. Williams (Row), Inc., an Anguilla incorporated company, and Mr. T. M. Williams. During the year ended December 31, 2014, 2.5% $11,000 $25,000 During the year ended December 31, 2014, GBP5,000 December 31, 2014, 2.5% $7,500 $25,000 As at March 31, 2021, As at March 31, 2021, no The Company expensed the minimum guarantee payments over the life of the agreement and recognized license expense of $8,814 March 31, 2020 - $16,882 March 31, 2021. |
Note 12 - Right-of-use Assets
Note 12 - Right-of-use Assets | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | 12. Right of use assets: There is no 5% January 1, 2019. no 12% January 1, 2019. Effective April 1, 2019, $125,474 4.12%. We elected the package of practical expedients permitted under the transition guidance within Topic 842, 842. Additionally, we elected to not 12 not may The right-of-use assets are summarized as follows: March 31, 2021 December 31, 2020 Opening balance for the period $ 106,315 $ 134,914 Capitalization of additional license leases - 25,472 Amortization of operating lease right-of use assets (17,509 ) (54,071 ) Closing balance for the period $ 88,806 $ 106,315 The operating lease as at March 31, 2021, As at March 31, 2021 Operating lease - Office lease 2021 $ 25,062 2022 34,284 2023 35,443 2024 8,183 Total lease payments $ 102,972 Less: Interest (4,302 ) Present value of lease liabilities $ 98,670 Amounts recognized on the balance sheet Current lease liabilities $ 32,064 Long-term lease liabilities 66,606 Total lease payments $ 98,670 March 31, 2021 December 31, 2020 Opening balance for the period $ 103,918 $ 127,615 Payments on operating lease liabilities (5,248 ) (23,697 ) Closing balance for the period 98,670 103,918 Less: current portion (32,064 ) (30,083 ) Operating lease liabilities - non-current portion as at end of period $ 66,606 $ 73,835 |
Note 13 - Related Party Transac
Note 13 - Related Party Transactions | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 13. Related party transactions: The Company has a liability of $11,000 December 31, 2020 - $10,968 $33,000 March 31, 2020 - $33,000 The Company has a liability of $1,795 December 31, 2020 - $nil The Company has a liability of $6,879 December 31, 2020 - $6,098 $20,666 March 31, 2020 - $18,900 The Company has a liability of $7,500 December 31, 2020 - $7,500 $22,500 March 31, 2020 - $22,500 The Company has a liability of $12,318 December 31, 2020 - $12,519 The Company has a liability of $3,500 December 31, 2020 - $1,500 March 31, 2021, $2,000 March 31, 2020 - $2,500 The Company has a liability of $15,286 December 31, 2020 - $12,187 $36,330 March 31, 2020 - $40,014 The Company has a liability of $nil December 31, 2020 - $nil $36,495 March 31, 2020 - $28,379 In the quarter ended March 31, 2021, March 31, 2021, $30,311 The related party transactions are in the normal course of operations and were measured at the exchange amount, which is the amount of consideration established and agreed to by the related party. |
Note 14 - Segmented Information
Note 14 - Segmented Information | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 14. Segmented information: Revenue The Company operates in reportable business segments, the sale of Ad tech advertising and content revenue. The Company had the following revenue by geographical region. Three Months ended March 31, 2021 Three Months ended March 31 , 2020 Ad tech advertising revenue Western Europe $ 216,799 $ 334,441 North America 1,219,730 508,994 Other 67,771 52,120 Total ad tech advertising revenue $ 1,504,300 $ 895,555 Content revenue Western Europe $ 21,839 $ 26,420 Central, Eastern and Southern Europe 562 32,545 North America 18,464 18,604 Other 12,777 10,855 Total content revenue $ 53,642 $ 88,424 Total revenue Western Europe $ 238,638 $ 360,861 Central, Eastern and Southern Europe 562 32,545 North America 1,238,194 527,598 Other 80,548 62,975 Total revenue $ 1,557,942 $ 983,979 Equipment The Company's equipment is located as follows: Net Book Value March 31, 2021 December 31, 2020 Anguilla $ 125 $ 164 Canada 8,308 7,482 Israel 11,708 12,870 United Kingdom 1,149 1,323 $ 21,290 $ 21,839 |
Note 15 - Concentrations
Note 15 - Concentrations | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | 15. Concentrations: Major customers During the quarter ended March 31, 2021 2020, March 31, 2021, two $651,402, $441,787 March 31, 2020 - three $341,920, $122,908 $114,914 10% |
Note 16 - Concentrations of Cre
Note 16 - Concentrations of Credit Risk | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Concentration Credit Risk [Text Block] | 16. Concentrations of credit risk: Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and accounts receivable. The Company places its cash with high quality financial institutions and limits the amount of credit exposure with any one The Company currently maintains a substantial portion of its day-to-day operating cash balances at financial institutions. At March 31, 2021, $1,611,592 December 31, 2020 - $1,226,045 $1,486,536 December 31, 2020 - $970,453 The Company has concentrations of credit risk with respect to accounts receivable, the majority of its account's receivable are concentrated geographically in the United States amongst a small number of customers. As of March 31, 2021, two $1,227,393 $432,546 10% December 31, 2020, two $1,618,244 $807,346 10% The Company controls credit risk through monitoring procedures and receiving prepayments of cash for services rendered. The Company performs credit evaluations of its customers but generally does not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2021 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | (a) Basis of presentation: These unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") applicable to annual financial information and with the rules and regulations of the United States Securities and Exchange Commission. The financial statements include the accounts of the Company's subsidiaries: Company Registered % Owned Shoal Media (Canada) Inc. British Columbia, Canada 100 % Coral Reef Marketing Inc. Anguilla 100 % Kidoz Ltd. Israel 100 % Rooplay Media Ltd. British Columbia, Canada 100 % Rooplay Media Kenya Limited Kenya 100 % Shoal Media Inc. Anguilla 100 % Shoal Games (UK) Plc United Kingdom 99 % Shoal Media (UK) Ltd. United Kingdom 100 % In addition, there are the following dormant subsidiaries; Bingo.com (Antigua) Inc., Bingo.com (Wyoming) Inc., and Bingo Acquisition Corp. All inter-company balances and transactions have been eliminated in the consolidated financial statements. |
Use of Estimates, Policy [Policy Text Block] | (b) Use of estimates: The preparation of unaudited interim consolidated financial statements in conformity with US GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and recognized revenues and expenses for the reporting periods. Significant areas requiring the use of estimates include the collectability of accounts receivable, the valuation of stock-based compensation, the valuation of deferred tax assets, the useful lives of intangible assets, and the estimated interest rate of 12% 4.12% 5% may |
Revenue from Contract with Customer [Policy Text Block] | (c) Revenue recognition: In accordance with ASC 606, We derive substantially all of our revenue from the sale of Ad tech advertising revenue. To achieve this core principle, the Company applied the following five 1 A contract with a customer exists when (i) the Company enters into an enforceable contract with a customer that defines each party's rights regarding the services to be transferred, whose impression count will form the basis of the revenue and identifies the payment terms related to these services, (ii) the contract has commercial substance and, (iii) the Company determines that collection of substantially all consideration for services that are transferred is probable based on the customer's intent and ability to pay the promised consideration. The Company applies judgment in determining the customer's ability and intention to pay, which is based on a variety of factors including the customer's historical payment experience or, in the case of a new customer, published credit and financial information pertaining to the customer. 2 Performance obligations promised in a contract are identified based on the services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the service either on its own or together with other resources that are readily available from third not 3 The transaction price is determined based on the consideration to which the Company will be entitled in exchange for transferring services to the customer. None 4 If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on a relative standalone selling price basis. The Company determines standalone selling price based on the price at which the performance obligation is sold separately. If the standalone selling price is not 5 The Company satisfies performance obligations at a point in time as discussed in further detail under "Disaggregation of Revenue" below. Revenue is recognized at the time the related performance obligation is satisfied by transferring a promised service to a customer. Disaggregation of Revenue All of the Company's performance obligations, and associated revenue, are generally transferred to customers at a point in time. The Company has the following revenue streams: 1 third one 2 a) Carriers and OEMs - The Company generally offers these services under a customer contract per tablet device license fee model with OEMs. Monthly or quarterly license fees are based on the OEM agreement with the number of devices the Kidoz Kid Mode is installed upon. b) Rooplay - The Company generates revenue through subscriptions or premium sales of Rooplay, (www.rooplay.com) the cloud-based EduGame system for kids to learn and play within its games on smartphones and tablet devices, such as Apple's iPhone and iPad, and mobile devices utilizing Google's Android operating system. Users can download the Company's games through digital storefronts and decide to subscribe to the multiple of educational and fun games in the Rooplay, cloud-based EduGame system or make a premium per purchase of particular games. The revenue is recognized net of platform fees. c) Rooplay licensing - The Company licenses it branded educational games under a monthly cost per game agreement license fee model. Monthly license fees are based on the number of games licensed. d) Trophy Bingo and Garfield Bingo - The Company generates revenue through in-application purchases ("in-app purchases") within its games; Garfield's Bingo (www.garfieldsbingo.com) and Trophy Bingo (www.trophybingo.com) on smartphones and tablet devices, such as Apple's iPhone and iPad, and mobile devices utilizing Google's Android operating system. Users can download the Company's free-to-play games through Facebook Messenger, Android, Amazon and iOS and pay to acquire virtual currency which can be redeemed in the game for power plays. The initial download of the mobile game from the digital storefront does not 606 606. The Company has identified the following performance obligations in these contracts: i. Ongoing game related services such as hosting of game play, storage of customer content, when and if available content updates, maintaining the virtual currency management engine, tracking gameplay statistics, matchmaking as it relates to multiple player gameplay, etc. ii. Obligation to the paying player to continue displaying and providing access to the virtual items within the game. Neither of these obligations are considered distinct since the actual mobile game and the related ongoing services are both required to purchase and benefit from the related virtual items. As such, the Company's performance obligations represent a single combined performance obligation which is to make the game and the ongoing game related services available to the players. The revenue is recognized net of platform fees. The Company also has relationships with certain advertising service providers for advertisements within smartphone games and revenue from these advertising providers is generated through impressions, clickthroughs, banner ads, and offers. Offers are the type of advertisements where the players are rewarded with virtual currency for completing specified actions, such as downloading another application, watching a short video, subscribing to a service or completing a survey. The Company has determined the advertising buyer to be its customer and displaying the advertisements within the mobile games is identified as the single performance obligation. Revenue from advertisements and offers are recognized at the point-in-time the advertisements are displayed in the game or the offer has been completed by the user as the customer simultaneously receives and consumes the benefits provided from these services. |
Internal Use Software, Policy [Policy Text Block] | (d) Software development costs: The Company expensed all software development costs as incurred for the period ended March 31, 2021 2020. March 31, 2021 2020, no Software development costs incurred in the research and development of new software products and enhancements to existing software products for external use are expensed as incurred until technological feasibility has been established. After technological feasibility is established, any software development costs are capitalized and amortized at the greater of the straight-line basis over the estimated economic life of the related product or the ratio that current gross revenues for a product bear to the total of current and anticipated future gross revenues for the related product. As at March 31, 2021 December 31, 2020, no Total software development costs were $9,218,046 March 31, 2021 ( December 31, 2020 - $8,880,753 |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | (e) Impairment of long-lived assets and long-lived assets to be disposed of: If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount and the fair value less costs to sell. Intangible assets are recorded at cost less accumulated amortization. Amortization is provided for annually on the straight-line method over the following periods: Amortization period (in years) Ad Tech technology 5 Kidoz OS technology 3 Customer relationship 8 |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | (f) Goodwill: The Company accounts for goodwill in accordance with the provisions of ASC 350, not not may not The goodwill impairment test is used to identify both the existence of impairment and the amount of impairment loss, and compares the fair value of a reporting unit with its carrying amount and is based on discounted future cash flows, based on market multiples applied to free cash flow. The determination of the fair value of our reporting units requires management to make significant estimates and assumptions including the selection of control premiums, discount rates, terminal growth rates, forecasts of revenue and expense growth rates, income tax rates, changes in working capital, depreciation, amortization and capital expenditures. Changes in assumptions concerning future financial results, exogenous market conditions, or other underlying assumptions could have a significant impact on either the fair value of the reporting unit or the amount of the goodwill impairment charge. If the carrying value of the reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. During the year ended December 31, 2020, no |
New Accounting Pronouncements, Policy [Policy Text Block] | (g) New accounting pronouncements and changes in accounting policy: In December 2019, No. 2019 12, 740 740 December 15, 2020, not There have been no March 31, 2021, |
Fair Value of Financial Instruments, Policy [Policy Text Block] | (h) Financial instruments and fair value measurements: (i) Fair values: Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on measurement date. The Company classifies assets and liabilities recorded at fair value under the fair value hierarchy based upon the observability of inputs used in valuation techniques. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. The fair value measurements are classified under the following hierarchy: Level 1 Level 2 not Level 3 no When available, we use quoted market prices to determine fair value, and we classify such measurements within Level 1. not 2. not one 3. Fair value measurements are classified according to the lowest level input or value-driver that is significant to the valuation. A measurement may 3 may Fair value measurement includes the consideration of nonperformance risk. Nonperformance risk refers to the risk that an obligation (either by a counterparty) will not 1 2 2 3 The fair value of accounts receivable, accounts payable, accrued liabilities, and accounts payable and accrued liabilities - related party approximate their financial statement carrying amounts due to the short-term maturities of these instruments and are therefore carried at historical cost basis. The government CEBA loan is classified as a financial liability and its fair value was determined using the effective interest rate method, and is carried at amortized cost. Fair values determined by Level 3 1 2 3 (ii) Foreign currency risk: The Company operates internationally, which gives rise to the risk that cash flows may not |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Notes Tables | |
Consolidation, Wholly Owned and Less than Wholly Owned Subsidiary, Parent Ownership Interest [Table Text Block] | Company Registered % Owned Shoal Media (Canada) Inc. British Columbia, Canada 100 % Coral Reef Marketing Inc. Anguilla 100 % Kidoz Ltd. Israel 100 % Rooplay Media Ltd. British Columbia, Canada 100 % Rooplay Media Kenya Limited Kenya 100 % Shoal Media Inc. Anguilla 100 % Shoal Games (UK) Plc United Kingdom 99 % Shoal Media (UK) Ltd. United Kingdom 100 % |
Schedule of Finite-Lived Intangible Assets, Amortization Period [Table Text Block] | Amortization period (in years) Ad Tech technology 5 Kidoz OS technology 3 Customer relationship 8 |
Note 3 - Accounts Receivable (T
Note 3 - Accounts Receivable (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, 2021 December 31, 2020 Accounts receivable $ 2,443,673 $ 3,989,200 Expected credit losses (54,661 ) (55,660 ) Net accounts receivable $ 2,389,012 $ 3,933,540 |
Note 4 - Equipment (Tables)
Note 4 - Equipment (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | March 31, 2021 Cost Accumulated depreciation Net book Value Equipment and computers $ 148,810 $ 133,400 $ 15,410 Furniture and fixtures 14,787 8,907 5,880 $ 163,597 $ 142,307 $ 21,290 December 31, 2020 Cost Accumulated depreciation Net book Value Equipment and computers $ 146,545 $ 130,798 $ 15,747 Furniture and fixtures 14,787 8,695 6,092 $ 161,332 $ 139,493 $ 21,839 |
Note 5 - Intangible Assets (Tab
Note 5 - Intangible Assets (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | March 31, 2021 Cost Accumulated depreciation Net book Value Ad Tech technology $ 1,877,415 $ 782,256 $ 1,095,159 Kidoz OS technology 31,006 21,532 9,474 Customer relationship 1,362,035 354,697 1,007,338 $ 3,270,456 $ 1,158,485 $ 2,111,971 December 31, 2020 Cost Accumulated amortization Net book Value Ad Tech technology $ 1,877,415 $ 688,386 $ 1,189,029 Kidoz OS technology 31,006 18,948 12,058 Customer relationship 1,362,035 312,133 1,049,902 $ 3,270,456 $ 1,019,467 $ 2,250,989 |
Note 6 - Goodwill (Tables)
Note 6 - Goodwill (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | March 31, 2021 December 31, 2020 Goodwill, balance at beginning of period $ 3,301,439 $ 3,301,439 Impairment of goodwill - - Goodwill, balance at end of period $ 3,301,439 $ 3,301,439 |
Note 7 - Content and Software_2
Note 7 - Content and Software Development Assets (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Notes Tables | |
Expense of Development Costs [Table Text Block] | March 31, 2021 March 31, 2020 Opening total development costs $ 8,880,753 $ 7,730,851 Development during the period 337,293 284,723 Closing total development costs $ 9,218,046 $ 8,015,574 |
Note 9 - Stockholders' Equity (
Note 9 - Stockholders' Equity (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Notes Tables | |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Number of options Weighted average exercise price Outstanding December 31, 2019 3,200,750 $ 0.45 Granted 2,745,000 0.33 Exercised - - Cancelled (70,000 ) (0.42 ) Outstanding, December 31, 2020 5,875,750 $ 0.39 Granted 1,075,000 0.39 Exercised - - Cancelled (140,000 ) (0.35 ) Outstanding March 31, 2021 6,810,750 $ 0.39 |
Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block] | Exercise prices per share Number outstanding Number exercisable Expiry date $ 0.33 2,645,000 87,000 June 30, 2025 0.39 1,035,000 135,000 February 1, 2026 0.40 620,000 620,000 December 20, 2021 0.42 522,750 486,650 November 8, 2022 0.42 713,000 713,000 June 4, 2023 0.50 1,275,000 1,275,000 June 4, 2023 6,810,750 3,316,650 |
Note 10 - Fair Value Measurem_2
Note 10 - Fair Value Measurement (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Level 1 Level 2 Level 3 Total As at March 31, 2021 Assets Cash $ 1,611,592 $ - $ - $ 1,611,592 Long term cash equivalent 31,766 - - 31,766 Total assets measured and recorded at fair value $ 1,643,358 $ - $ - $ 1,643,358 Level 1 Level 2 Level 3 Total As at December 31, 2020 Assets Cash $ 1,226,045 $ - $ - $ 1,226,045 Long term cash equivalent 31,392 - - 31,392 Total assets measured and recorded at fair value $ 1,257,437 $ - $ - $ 1,257,437 |
Note 11 - Commitments (Tables)
Note 11 - Commitments (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | As at March 31, 2021 Operating lease - Office lease 2021 $ 25,062 2022 34,284 2023 35,443 2024 8,183 Total lease payments $ 102,972 Less: Interest (4,302 ) Present value of lease liabilities $ 98,670 Amounts recognized on the balance sheet Current lease liabilities $ 32,064 Long-term lease liabilities 66,606 Total lease payments $ 98,670 |
Lease Commitments [Member] | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | 2021 $ 49,129 2022 49,267 2023 50,426 2024 12,679 |
Note 12 - Right-of-use Assets (
Note 12 - Right-of-use Assets (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Notes Tables | |
Schedule of Right-of-use Assets [Table Text Block] | March 31, 2021 December 31, 2020 Opening balance for the period $ 106,315 $ 134,914 Capitalization of additional license leases - 25,472 Amortization of operating lease right-of use assets (17,509 ) (54,071 ) Closing balance for the period $ 88,806 $ 106,315 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | As at March 31, 2021 Operating lease - Office lease 2021 $ 25,062 2022 34,284 2023 35,443 2024 8,183 Total lease payments $ 102,972 Less: Interest (4,302 ) Present value of lease liabilities $ 98,670 Amounts recognized on the balance sheet Current lease liabilities $ 32,064 Long-term lease liabilities 66,606 Total lease payments $ 98,670 |
Schedule of Operating Lease Liability [Table Text Block] | March 31, 2021 December 31, 2020 Opening balance for the period $ 103,918 $ 127,615 Payments on operating lease liabilities (5,248 ) (23,697 ) Closing balance for the period 98,670 103,918 Less: current portion (32,064 ) (30,083 ) Operating lease liabilities - non-current portion as at end of period $ 66,606 $ 73,835 |
Note 14 - Segmented Informati_2
Note 14 - Segmented Information (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Notes Tables | |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | Three Months ended March 31, 2021 Three Months ended March 31 , 2020 Ad tech advertising revenue Western Europe $ 216,799 $ 334,441 North America 1,219,730 508,994 Other 67,771 52,120 Total ad tech advertising revenue $ 1,504,300 $ 895,555 Content revenue Western Europe $ 21,839 $ 26,420 Central, Eastern and Southern Europe 562 32,545 North America 18,464 18,604 Other 12,777 10,855 Total content revenue $ 53,642 $ 88,424 Total revenue Western Europe $ 238,638 $ 360,861 Central, Eastern and Southern Europe 562 32,545 North America 1,238,194 527,598 Other 80,548 62,975 Total revenue $ 1,557,942 $ 983,979 |
Long-lived Assets by Geographic Areas [Table Text Block] | Net Book Value March 31, 2021 December 31, 2020 Anguilla $ 125 $ 164 Canada 8,308 7,482 Israel 11,708 12,870 United Kingdom 1,149 1,323 $ 21,290 $ 21,839 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation (Details Textual) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Retained Earnings (Accumulated Deficit), Ending Balance | $ (40,795,525) | $ (40,448,481) |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Capitalized Software Development Costs for Software Sold to Customers | $ 0 | $ 0 | ||
Accumulated Development Costs | $ 9,218,046 | $ 8,880,753 | $ 8,015,574 | $ 7,730,851 |
License Right of Use Asset [Member] | ||||
Lessee, Operating Lease, Discount Rate | 12.00% | |||
Rental Unit Right of Use Asset [Member] | Minimum [Member] | ||||
Lessee, Operating Lease, Discount Rate | 4.12% | |||
Rental Unit Right of Use Asset [Member] | Maximum [Member] | ||||
Lessee, Operating Lease, Discount Rate | 5.00% |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Subsidiaries (Details) | Mar. 31, 2021 |
Shoal Media (Canada) Inc. [Member] | |
Ownership percentage | 100.00% |
Coral Reef Marketing Inc. [Member] | |
Ownership percentage | 100.00% |
Kidoz [Member] | |
Ownership percentage | 100.00% |
Rooplay Media Ltd. [Member] | |
Ownership percentage | 100.00% |
Rooplay Media Kenya Limited [Member] | |
Ownership percentage | 100.00% |
Shoal Media Inc. [Member] | |
Ownership percentage | 100.00% |
Shoal Games (UK) PLC [Member] | |
Ownership percentage | 99.00% |
Shoal Media (UK) Ltd. [Member] | |
Ownership percentage | 100.00% |
Note 2 - Summary of Significa_5
Note 2 - Summary of Significant Accounting Policies - Amortization Period (Details) | 3 Months Ended |
Mar. 31, 2021 | |
Ad Tech Technology [Member] | |
Amortization period (Year) | 5 years |
Kidoz OS Technology [Member] | |
Amortization period (Year) | 3 years |
Customer Relationships [Member] | |
Amortization period (Year) | 8 years |
Note 3 - Accounts Receivable (D
Note 3 - Accounts Receivable (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2021 | Dec. 31, 2016 | |
Accounts Receivable, Credit Loss Expense (Reversal) | $ 26,995 | $ 27,666 |
Note 3 - Accounts Receivable -
Note 3 - Accounts Receivable - Accounts Receivable (Details) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Accounts receivable | $ 2,443,673 | $ 3,989,200 |
Expected credit losses | (54,661) | (55,660) |
Net accounts receivable | $ 2,389,012 | $ 3,933,540 |
Note 4 - Equipment (Details Tex
Note 4 - Equipment (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Depreciation, Total | $ 2,814 | $ 2,313 |
Note 4 - Equipment - Property,
Note 4 - Equipment - Property, Plant, and Equipment (Details) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Cost | $ 163,597 | $ 161,332 |
Accumulated depreciation | 142,307 | 139,493 |
Net Book Value | 21,290 | 21,839 |
Equipment and Computers [Member] | ||
Cost | 148,810 | 146,545 |
Accumulated depreciation | 133,400 | 130,798 |
Net Book Value | 15,410 | 15,747 |
Furniture and Fixtures [Member] | ||
Cost | 14,787 | 14,787 |
Accumulated depreciation | 8,907 | 8,695 |
Net Book Value | $ 5,880 | $ 6,092 |
Note 5 - Intangible Assets (Det
Note 5 - Intangible Assets (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Amortization of Intangible Assets, Total | $ 139,018 | $ 139,018 |
Note 5 - Intangible Assets - In
Note 5 - Intangible Assets - Intangible Assets (Details) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Cost | $ 3,270,456 | $ 3,270,456 |
Accumulated amortization | 1,158,485 | 1,019,467 |
Net book value | 2,111,971 | 2,250,989 |
Ad Tech Technology [Member] | ||
Cost | 1,877,415 | 1,877,415 |
Accumulated amortization | 782,256 | 688,386 |
Net book value | 1,095,159 | 1,189,029 |
Kidoz OS Technology [Member] | ||
Cost | 31,006 | 31,006 |
Accumulated amortization | 21,532 | 18,948 |
Net book value | 9,474 | 12,058 |
Customer Relationships [Member] | ||
Cost | 1,362,035 | 1,362,035 |
Accumulated amortization | 354,697 | 312,133 |
Net book value | $ 1,007,338 | $ 1,049,902 |
Note 6 - Goodwill (Details Text
Note 6 - Goodwill (Details Textual) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Goodwill, Ending Balance | $ 3,301,439 | $ 3,301,439 | $ 3,301,439 |
Kidoz Ltd. [Member] | |||
Goodwill, Ending Balance | $ 5,413,410 | $ 5,552,428 |
Note 6 - Goodwill - Carrying Am
Note 6 - Goodwill - Carrying Amount of Goodwill (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2021 | Dec. 31, 2020 | |
Goodwill, balance at beginning of period | $ 3,301,439 | $ 3,301,439 |
Impairment of goodwill | ||
Goodwill, balance at end of period | $ 3,301,439 | $ 3,301,439 |
Note 7 - Content and Software_3
Note 7 - Content and Software Development Assets - Development Costs (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Opening total development costs | $ 8,880,753 | $ 7,730,851 |
Development during the period | 337,293 | 284,723 |
Closing total development costs | $ 9,218,046 | $ 8,015,574 |
Note 8 - Government CEBA Loan (
Note 8 - Government CEBA Loan (Details Textual) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2021USD ($) | Mar. 31, 2020USD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2020CAD ($) | |
Proceeds from Issuance of Long-term Debt, Total | ||||
Interest Paid, Excluding Capitalized Interest, Operating Activities | 987 | |||
Leumi Bank [Member] | ||||
Proceeds from Lines of Credit, Total | 200,000 | |||
Repayments of Lines of Credit | 200,000 | |||
Interest Paid, Excluding Capitalized Interest, Operating Activities | $ 987 | |||
Canada Emergency Business Account Loan Program [Member] | ||||
Proceeds from Issuance of Long-term Debt, Total | $ 47,089 | $ 60,000 | ||
Debt Instrument, Loan Portion Eligible for Forgiveness | 20,000 | |||
Debt Instrument, Loan Portion to Be Repaid for Loan Forgiveness Eligibility | $ 40,000 |
Note 9 - Stockholders' Equity_2
Note 9 - Stockholders' Equity (Details Textual) | 1 Months Ended | 3 Months Ended | 12 Months Ended | 13 Months Ended | ||||||
May 12, 2021USD ($)$ / sharesshares | May 12, 2021CAD ($)$ / sharesshares | Mar. 31, 2021USD ($)$ / shares$ / shares | Mar. 31, 2021USD ($)$ / sharesshares | Mar. 31, 2020USD ($)$ / shares | Dec. 31, 2020USD ($)$ / shares$ / sharesshares | Dec. 31, 2020USD ($)$ / sharesshares | Dec. 31, 2015 | Jan. 25, 2021USD ($) | May 12, 2021$ / sharesshares | |
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares | $ 0 | |||||||||
Common Stock, No Par Value (in dollars per share) | $ / shares | $ 0 | $ 0 | $ 0 | $ 0 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 1,075,000 | 2,745,000 | 2,745,000 | |||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in CAD per share) | $ / shares | $ 0.39 | $ 0.33 | ||||||||
Share-based Payment Arrangement, Expense | $ | $ 77,021 | $ 541 | ||||||||
2015 Stock Option Plan [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Outstanding Stock Maximum | 10.00% | |||||||||
Common Stock, Capital Shares Reserved for Future Issuance, Percentage | 10.00% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 1,075,000 | 2,745,000 | 2,745,000 | |||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in CAD per share) | (per share) | $ 0.50 | $ 0.39 | $ 0.45 | $ 0.33 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ | $ 2,511,086 | $ 2,511,086 | $ 137,250 | $ 137,250 | ||||||
Share-based Payment Arrangement, Expense | $ | $ 77,021 | $ 541 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares | $ 0.28 | $ 0.29 | ||||||||
2015 Stock Option Plan [Member] | Maximum [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | |||||||||
Subsequent Event [Member] | 2015 Stock Option Plan [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 1,300,000 | 1,300,000 | ||||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in CAD per share) | (per share) | $ 0.81 | $ 1.02 | ||||||||
Subsequent Event [Member] | 2015 Stock Option Plan [Member] | Share-based Payment Arrangement, Option [Member] | Monthly Vesting [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 2.00% | 2.00% | ||||||||
Subsequent Event [Member] | Warrants Issued to RCC [Member] | ||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 230,000 | 230,000 | ||||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | 1 | 1 | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | (per share) | $ 0.98 | $ 0.78 | ||||||||
Warrants and Rights Outstanding, Term (Month) | 2 years | 2 years | ||||||||
Subsequent Event [Member] | Research Capital Corporation [Member] | ||||||||||
Trading advisory Services, Monthly Fee | $ 5,162 | $ 6,500 | ||||||||
Stock Issued During Period, Shares, Issued for Services (in shares) | 230,000 | 230,000 |
Note 9 - Stockholders' Equity -
Note 9 - Stockholders' Equity - Stock Option Activity (Details) - $ / shares | 3 Months Ended | 12 Months Ended |
Mar. 31, 2021 | Dec. 31, 2020 | |
Outstanding, number of options, balance (in shares) | 5,875,750 | 3,200,750 |
Outstanding, weighted average exercise price, balance (in dollars per share) | $ 0.39 | $ 0.45 |
Granted, number of options (in shares) | 1,075,000 | 2,745,000 |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in CAD per share) | $ 0.39 | $ 0.33 |
Exercised, number of options (in shares) | ||
Exercised, weighted average exercise price (in dollars per share) | ||
Cancelled, number of options (in shares) | (140,000) | (70,000) |
Cancelled, weighted average exercise price (in dollars per share) | $ (0.35) | $ (0.42) |
Granted, weighted average exercise price (in dollars per share) | $ 0.39 | $ 0.33 |
Exercised, number of options (in shares) | ||
Exercised, weighted average exercise price (in dollars per share) | ||
Cancelled, weighted average exercise price (in dollars per share) | $ (0.35) | $ (0.42) |
Outstanding, number of options, balance (in shares) | 6,810,750 | 5,875,750 |
Outstanding, weighted average exercise price, balance (in dollars per share) | $ 0.39 | $ 0.39 |
Note 9 - Stockholders' Equity_3
Note 9 - Stockholders' Equity - Summary of Information Concerning Outstanding and Exercisable Stock Options (Details) | 3 Months Ended |
Mar. 31, 2021$ / sharesshares | |
Number of outstanding (in shares) | 6,810,750 |
Number of exercisable (in shares) | 3,316,650 |
Range 1 [Member] | |
Range of exercise prices per share (in dollars per share) | $ / shares | $ 0.33 |
Number of outstanding (in shares) | 2,645,000 |
Number of exercisable (in shares) | 87,000 |
Expiry date | Jun. 30, 2025 |
Range 2 [Member] | |
Range of exercise prices per share (in dollars per share) | $ / shares | $ 0.39 |
Number of outstanding (in shares) | 1,035,000 |
Number of exercisable (in shares) | 135,000 |
Expiry date | Feb. 1, 2026 |
Range 3 [Member] | |
Range of exercise prices per share (in dollars per share) | $ / shares | $ 0.40 |
Number of outstanding (in shares) | 620,000 |
Number of exercisable (in shares) | 620,000 |
Expiry date | Dec. 20, 2021 |
Range 4 [Member] | |
Range of exercise prices per share (in dollars per share) | $ / shares | $ 0.42 |
Number of outstanding (in shares) | 522,750 |
Number of exercisable (in shares) | 486,650 |
Expiry date | Nov. 8, 2022 |
Range 5 [Member] | |
Range of exercise prices per share (in dollars per share) | $ / shares | $ 0.42 |
Number of outstanding (in shares) | 713,000 |
Number of exercisable (in shares) | 713,000 |
Expiry date | Jun. 4, 2023 |
Range 6 [Member] | |
Range of exercise prices per share (in dollars per share) | $ / shares | $ 0.50 |
Number of outstanding (in shares) | 1,275,000 |
Number of exercisable (in shares) | 1,275,000 |
Expiry date | Jun. 4, 2023 |
Note 10 - Fair Value Measurem_3
Note 10 - Fair Value Measurements - Assets and Liabilities Measured on Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Total assets measured and recorded at fair value | $ 1,643,358 | $ 1,257,437 |
Fair Value, Inputs, Level 1 [Member] | ||
Total assets measured and recorded at fair value | 1,643,358 | 1,257,437 |
Fair Value, Inputs, Level 2 [Member] | ||
Total assets measured and recorded at fair value | ||
Fair Value, Inputs, Level 3 [Member] | ||
Total assets measured and recorded at fair value | ||
Cash [Member] | ||
Cash and cash equivalents | 1,611,592 | 1,226,045 |
Cash [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 1,611,592 | 1,226,045 |
Cash [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | ||
Cash [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents | ||
Long-term Cash [Member] | ||
Cash and cash equivalents | 31,766 | 31,392 |
Long-term Cash [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 31,766 | 31,392 |
Long-term Cash [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | ||
Long-term Cash [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents |
Note 11 - Commitments (Details
Note 11 - Commitments (Details Textual) | 3 Months Ended | 12 Months Ended | ||||
Mar. 31, 2021USD ($)m² | Mar. 31, 2020USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2014GBP (£) | Dec. 31, 2020 | Mar. 31, 2019ft² | |
Operating Lease, Expense | $ 32,419 | $ 25,873 | ||||
Royalty Expense | $ 8,814 | $ 16,882 | ||||
Executive Chairman [Member] | ||||||
Consulting Agreement, Monthly Payment, Percentage | 2.50% | 2.50% | ||||
Executive Chairman [Member] | Minimum [Member] | ||||||
Consulting Agreement, Monthly Payment | $ 11,000 | |||||
Executive Chairman [Member] | Maximum [Member] | ||||||
Consulting Agreement, Monthly Payment | $ 25,000 | |||||
Chief Executive Officer [Member] | ||||||
Consulting Agreement, Monthly Payment, Percentage | 2.50% | 2.50% | ||||
Consulting Agreement, Monthly Payment | £ | £ 5,000 | |||||
Chief Executive Officer [Member] | Minimum [Member] | ||||||
Consulting Agreement, Monthly Payment | $ 7,500 | |||||
Chief Executive Officer [Member] | Maximum [Member] | ||||||
Consulting Agreement, Monthly Payment | $ 25,000 | |||||
Facility in Vancouver, Canada [Member] | ||||||
Lessee, Operating Lease, Term of Contract (Year) | 5 years | |||||
Lessee, Operating Lease, Area of Property (Square Foot) | ft² | 1,459 | |||||
Netanya, Israel Lease [Member] | ||||||
Lessee, Operating Lease, Term of Contract (Year) | 1 year | |||||
Lessee, Operating Lease, Area of Property (Square Foot) | m² | 190 |
Note 11 - Commitments - Minimum
Note 11 - Commitments - Minimum Lease Payments for Lease (Details) - Lease Commitments [Member] | Mar. 31, 2021USD ($) |
2021 | $ 49,129 |
2022 | 49,267 |
2023 | 50,426 |
2024 | $ 12,679 |
Note 12 - Right-of-use Assets_2
Note 12 - Right-of-use Assets (Details Textual) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Apr. 01, 2019 | Jan. 01, 2019 |
Operating Lease, Right-of-Use Asset | $ 88,806 | $ 106,315 | $ 134,914 | ||
Operating Lease, Liability, Total | $ 98,670 | $ 103,918 | $ 127,615 | ||
Anguilla Office Operating Lease Agreement [Member] | |||||
Lessee, Operating Lease, Discount Rate | 5.00% | ||||
Operating Lease, License Agreement [Member] | |||||
Lessee, Operating Lease, Discount Rate | 12.00% | ||||
Facility in Vancouver, Canada [Member] | |||||
Lessee, Operating Lease, Discount Rate | 4.12% | ||||
Operating Lease, Right-of-Use Asset | $ 125,474 | ||||
Operating Lease, Liability, Total | $ 125,474 |
Note 12 - Right-of-use Assets -
Note 12 - Right-of-use Assets - Right-of-use Assets (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2020 | |
Opening balance for the period | $ 106,315 | $ 134,914 | $ 134,914 |
Capitalization of additional license leases | 25,472 | ||
Amortization of operating lease right-of use assets | (17,509) | $ (15,372) | (54,071) |
Closing balance for the period | $ 88,806 | $ 106,315 |
Note 12 - Right-of-use Assets_3
Note 12 - Right-of-use Assets - Operating Lease (Details) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Present value of lease liabilities | $ 98,670 | $ 103,918 | $ 127,615 |
Operating lease liabilities - current portion (Note 12) | 32,064 | 30,083 | |
Operating lease liabilities - non-current portion (Note 12) | 66,606 | $ 73,835 | |
Operating Lease, Office Lease [Member] | |||
2021 | 25,062 | ||
2022 | 34,284 | ||
2023 | 35,443 | ||
2024 | 8,183 | ||
Total lease payments | 102,972 | ||
Less: Interest | (4,302) | ||
Present value of lease liabilities | 98,670 | ||
Operating lease liabilities - current portion (Note 12) | 32,064 | ||
Operating lease liabilities - non-current portion (Note 12) | $ 66,606 |
Note 12 - Right-of-use Assets_4
Note 12 - Right-of-use Assets - Operating Lease Liability (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2021 | Dec. 31, 2020 | |
Opening balance for the period | $ 103,918 | $ 127,615 |
Payments on operating lease liabilities | (5,248) | (23,697) |
Closing balance for the period | 98,670 | 103,918 |
Less: current portion | (32,064) | (30,083) |
Operating lease liabilities - non-current portion (Note 12) | $ 66,606 | $ 73,835 |
Note 13 - Related Party Trans_2
Note 13 - Related Party Transactions (Details Textual) - USD ($) | 3 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2020 | |
Share-based Payment Arrangement, Expense | $ 77,021 | $ 541 | |
Officer 2 [Member] | |||
Payment for Directors Fees | 36,495 | 28,379 | |
Due from Related Parties, Total | 0 | $ 0 | |
Directors, Employees, and Consultants [Member] | |||
Share-based Payment Arrangement, Expense | 30,311 | ||
Director and Officer 1 [Member] | |||
Due to Related Parties, Total | 11,000 | 10,968 | |
Payment for Directors Fees | 33,000 | 33,000 | |
Director and Officer 2 [Member] | |||
Due to Related Parties, Total | 1,795 | 0 | |
Director and Officer 3 [Member] | |||
Due to Related Parties, Total | 6,879 | 6,098 | |
Payment for Directors Fees | 20,666 | 18,900 | |
Director and Officer 4 [Member] | |||
Due to Related Parties, Total | 7,500 | 7,500 | |
Payment for Directors Fees | 22,500 | 22,500 | |
Director and Officer 5 [Member] | |||
Due to Related Parties, Total | 12,318 | 12,519 | |
Independent Director [Member] | |||
Due to Related Parties, Total | 3,500 | 1,500 | |
Payment for Directors Fees | 2,000 | 2,500 | |
Officer [Member] | |||
Due to Related Parties, Total | 15,286 | $ 12,187 | |
Payment for Directors Fees | $ 36,330 | $ 40,014 |
Note 14 - Segmented Informati_3
Note 14 - Segmented Information - Revenue by Geographical Region (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Total revenue | $ 1,557,942 | $ 983,979 |
Western Europe [Member] | ||
Total revenue | 238,638 | |
North America [Member] | ||
Total revenue | 1,238,194 | |
Others [Member] | ||
Total revenue | 80,548 | |
Central Eastern and Southern Europe [Member] | ||
Total revenue | 562 | |
Advertising [Member] | ||
Total revenue | 1,504,300 | 895,555 |
Advertising [Member] | Western Europe [Member] | ||
Total revenue | 216,799 | |
Advertising [Member] | North America [Member] | ||
Total revenue | 1,219,730 | |
Advertising [Member] | Others [Member] | ||
Total revenue | 67,771 | |
Content [Member] | ||
Total revenue | 53,642 | $ 88,424 |
Content [Member] | Western Europe [Member] | ||
Total revenue | 21,839 | |
Content [Member] | North America [Member] | ||
Total revenue | 18,464 | |
Content [Member] | Others [Member] | ||
Total revenue | 12,777 | |
Content [Member] | Central Eastern and Southern Europe [Member] | ||
Total revenue | $ 562 |
Note 14 - Segmented Informati_4
Note 14 - Segmented Information - Equipment by Location (Details) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Net Book Value | $ 21,290 | $ 21,839 |
ANGUILLA | ||
Net Book Value | 125 | 164 |
CANADA | ||
Net Book Value | 8,308 | 7,482 |
ISRAEL | ||
Net Book Value | 11,708 | 12,870 |
UNITED KINGDOM | ||
Net Book Value | $ 1,149 | $ 1,323 |
Note 15 - Concentrations (Detai
Note 15 - Concentrations (Details Textual) | 3 Months Ended | |
Mar. 31, 2021USD ($) | Mar. 31, 2020USD ($) | |
Revenue from Contract with Customer, Including Assessed Tax | $ 1,557,942 | $ 983,979 |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | ||
Number of Major Customers | 2 | 3 |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer One [Member] | ||
Revenue from Contract with Customer, Including Assessed Tax | $ 651,402 | $ 341,920 |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer Two [Member] | ||
Revenue from Contract with Customer, Including Assessed Tax | $ 441,787 | 122,908 |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer Three [Member] | ||
Revenue from Contract with Customer, Including Assessed Tax | $ 114,914 |
Note 16 - Concentrations of C_2
Note 16 - Concentrations of Credit Risk (Details Textual) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2021USD ($) | Dec. 31, 2020USD ($) | |
Cash and Cash Equivalents, Including Long-term Cash Equivalents | $ 1,611,592 | $ 1,226,045 |
Cash, Uninsured Amount | 1,486,536 | 970,453 |
Accounts Receivable, after Allowance for Credit Loss, Total | $ 2,389,012 | $ 3,933,540 |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | ||
Number of Major Customers | 2 | 2 |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer One [Member] | ||
Accounts Receivable, after Allowance for Credit Loss, Total | $ 1,227,393 | $ 1,618,244 |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer Two [Member] | ||
Accounts Receivable, after Allowance for Credit Loss, Total | $ 432,546 | $ 807,346 |