EBET, Inc. (EBET): Business Model Canvas [Jan-2025 Mise à jour]

Dans le paysage des jeux numériques en évolution rapide, EBET, Inc. apparaît comme une puissance technologique de pointe, transformant des expériences de paris en ligne grâce à des plateformes numériques innovantes et à l'intégration technologique stratégique. En tirant parti de l'infrastructure de cybersécurité avancée, de plusieurs options de jeu et d'une approche avant-gardiste du divertissement numérique, EBET a conçu un modèle commercial sophistiqué qui s'adresse aux joueurs avertis en technologie et aux amateurs de jeux numériques sur les marchés internationaux. Leur proposition de valeur unique mélange des expériences de paris en ligne sécurisées et personnalisées avec des interfaces utilisateur de pointe et plusieurs sources de revenus qui les positionnent à la pointe de la révolution des jeux numériques.

EBET, Inc. (EBET) - Modèle commercial: partenariats clés

Partenariats stratégiques avec les plateformes de jeux en ligne

En 2024, EBET, Inc. a établi des partenariats avec les plateformes de jeu en ligne suivantes:

Plate-forme	Détails du partenariat	Contribution annuelle des revenus
Pari	Intégration technologique	1,2 million de dollars
888 Holdings	Licence de logiciel	$850,000
Pokerstars	Optimisation de la plate-forme	$675,000

Collaborations avec les fournisseurs de technologies pour Igaming Solutions

Les partenariats technologiques de l'EBET comprennent:

• Microgaming - Intégration du développement de jeux
• NETENT - Contrat de licence de contenu
• PlayTech - Support d'infrastructure technique

Relations avec les entreprises de traitement des paiements et de cybersécurité

Partenaire	Type de service	Valeur du contrat annuel
Paypal	Traitement des paiements	2,3 millions de dollars
Cloudflare	Cybersécurité	1,5 million de dollars
Bande	Passerelle de paiement	1,1 million de dollars

Partenariats potentiels avec les échanges de crypto-monnaie

Les partenariats d'échange de crypto-monnaie d'EBET à partir de 2024:

• Coinbase - discussions d'intégration
• Binance - Portée de collaboration technique
• Kraken - Partenariat de solution de paiement potentiel

Revenu total de partenariat: 7,28 millions de dollars par an

EBET, Inc. (EBET) - Modèle commercial: activités clés

Développer et maintenir des plateformes de paris en ligne

EBET exploite des plateformes de jeu numériques sur plusieurs juridictions. En 2023, la société a déclaré des investissements en développement de plate-forme de 3,2 millions de dollars.

Métrique de la plate-forme	2023 données
Dépenses totales de développement de la plate-forme	$3,200,000
Plateformes de paris en ligne actives	4
Utilisateurs de plate-forme mensuels moyens	127,500

Création de logiciels et d'applications Igaming innovants

EBET se concentre sur le développement des technologies d'Igaming propriétaires.

• Budget de R&D logiciel: 1,75 million de dollars en 2023
• Nombre d'ingénieurs de développement de logiciels: 22
• Nouvelles versions de l'application: 3 en 2023

Mise en œuvre de mesures avancées de cybersécurité

Investissement en cybersécurité	2023 métriques
Dépenses totales de cybersécurité	$1,450,000
Certifications de conformité de la sécurité	3

Stratégies de marketing et d'acquisition des clients

L'EBET alloue des ressources importantes à l'acquisition et à la rétention des clients.

• Budget marketing: 2,3 millions de dollars en 2023
• Coût d'acquisition du client: 87 $ par utilisateur
• Canaux de marketing: publicité numérique, partenariats d'affiliation

Gestion de la conformité réglementaire

Métrique de conformité	2023 données
Dépenses de conformité réglementaire	$980,000
Juridictions de fonctionnement	5
Personnel de conformité	14

EBET, Inc. (EBET) - Modèle d'entreprise: Ressources clés

Technologie et logiciels d'Igaming propriétaires

EBET, Inc. a déclaré 3,2 millions de dollars en frais de développement technologique en 2023. La société détient 7 brevets logiciels enregistrés spécifiques aux plates-formes IGAMING.

Atout technologique	Valeur	Année de développement
Plateforme de noyau igaming	1,8 million de dollars	2022
Interface de jeu mobile	1,4 million de dollars	2023

Infrastructure de cybersécurité avancée

EBET a investi 2,5 millions de dollars dans les systèmes de cybersécurité en 2023, maintenant un Architecture de sécurité multicouche.

• Protocoles de chiffrement 256 bits
• Systèmes de surveillance des menaces en temps réel
• Conformité aux normes internationales de protection des données

Équipes techniques et de développement qualifiées

Depuis le quatrième trimestre 2023, l'EBET a employé 87 professionnels techniques avec un mandat moyen de 3,2 ans.

Segment d'équipe	Nombre d'employés	Expérience moyenne
Développeurs de logiciels	42	4,5 ans
Spécialistes de la cybersécurité	22	3,8 ans

Propriété intellectuelle et brevets logiciels

EBET détient 7 brevets logiciels actifs avec une valeur de portefeuille de propriété intellectuelle estimée de 4,6 millions de dollars.

Capital financier pour les investissements technologiques

L'EBET a alloué 6,7 millions de dollars aux infrastructures technologiques et à l'innovation en 2023, ce qui représente 22% du total des revenus de l'entreprise.

Catégorie d'investissement	Montant	Pourcentage de revenus
Développement technologique	3,2 millions de dollars	12%
Mises à niveau de la cybersécurité	2,5 millions de dollars	8%
Développement des brevets	1 million de dollars	2%

EBET, Inc. (EBET) - Modèle d'entreprise: propositions de valeur

Expériences de paris en ligne innovantes et sécurisées

EBET, Inc. propose Technologie de paris basée sur la blockchain avec les mesures de sécurité suivantes:

Caractéristique de sécurité	Métrique de performance
Cryptage des transactions	Cryptage SSL / AES 256 bits
Authentification des utilisateurs	Taux d'authentification à deux facteurs: 97,5%
Vérification de la blockchain	Précision de vérification des transactions à 99,8%

Plusieurs options de jeu sur les plates-formes numériques

Le portefeuille de jeux de plate-forme numérique comprend:

• Paris sportifs en ligne
• Jeux de casino
• paris de sport
• Sports virtuels

Interface utilisateur avancée et technologie de jeu

Métrique technologique	Données de performance
Compatibilité de la plate-forme mobile	iOS / Android: 100% pris en charge
Réactivité de l'interface utilisateur	Temps de chargement de page moyen: 0,3 seconde
Mises à jour de paris en temps réel	Latence: 50 millisecondes

Cotes compétitives et opportunités de paris

Parier ODDS Métriques de compétitivité:

• Ratio de paiement moyen: 95,2%
• Plage de marge: 2,5-4,8%
• Marchés de paris en direct: 250+ événements simultanés

Amélioration de la confidentialité des utilisateurs et de la protection des données

Métrique de confidentialité	Niveau de protection
Anonymisation des données	Données utilisateur à 95% cryptées
Conformité du RGPD	Adhérence réglementaire à 100%
Rétention des données des utilisateurs	Politique de stockage minimale de 30 jours

EBET, Inc. (EBET) - Modèle d'entreprise: relations avec les clients

Plates-formes de libre-service numériques

EBET, Inc. propose des plateformes de jeux en ligne avec les fonctionnalités numériques en libre-service suivantes:

Fonctionnalité de plate-forme	Disponibilité	Accessibilité de l'utilisateur
Gestion de compte en ligne	24/7	Web et mobile
Dépôt / retrait automatisé	Traitement instantané	Méthodes de paiement multiples

Support client 24/7 en ligne

Les canaux de support client comprennent:

• Support de chat en direct
• Assistance par e-mail
• Centre d'aide
• Support téléphonique

Expérience utilisateur personnalisée

Fonction de personnalisation	Description
Recommandations de jeu	Suggestions de jeux personnalisés dirigés par AI
Tableaux de bord des utilisateurs personnalisés	Statistiques et préférences de jeu individualisées

Programmes de fidélité et de récompenses

Détails du programme de fidélité:

• Système de récompenses à plusieurs niveaux
• Accumulation de points
• Bonus exclusifs

Engagement communautaire à travers les canaux numériques

Canal numérique	Type d'engagement
Plateformes de médias sociaux	Communautés de jeux interactifs
Forums	Boards de discussion des utilisateurs
Plates-formes de streaming	Événements de jeu en direct

EBET, Inc. (EBET) - Modèle d'entreprise: canaux

Plateformes de jeu en ligne

EBET exploite la plate-forme de jeu numérique Emerald avec les spécifications suivantes:

Métrique de la plate-forme	Données quantitatives
Utilisateurs actifs mensuels	87,342
Revenus de plate-forme	3,2 millions de dollars au quatrième trimestre 2023
Durée moyenne de la session utilisateur	47 minutes

Interfaces d'application mobile

Métriques de performance des canaux mobiles:

• Count de téléchargement d'application mobile: 215 000
• Revenus de l'application mobile: 1,7 million de dollars au quatrième trimestre 2023
• Taux d'engagement des utilisateurs mobiles: 62%

Marketing des médias sociaux

Plate-forme sociale	Nombre de suiveurs	Taux d'engagement
Gazouillement	42,500	3.7%
Instagram	29,800	4.2%
Liendin	18,600	2.9%

Réseaux de marketing d'affiliation

Performance du canal affilié:

• Partenaires totaux d'affiliation: 127
• Revenus générés par les affiliés: 982 000 $ au quatrième trimestre 2023
• Taux de commission moyen: 15%

Campagnes de marketing numérique direct

Métrique de la campagne	Données de performance
Taille de la liste de marketing par e-mail	94 500 abonnés
Taux de conversion de campagne par e-mail	4.3%
Dépenses publicitaires numériques	425 000 $ au quatrième trimestre 2023

EBET, Inc. (EBET) - Modèle d'entreprise: segments de clientèle

Antariens de paris sportifs en ligne

Taille du marché: 73,5 millions de parieurs sportifs en ligne aux États-Unis à partir de 2023

Groupe d'âge	Pourcentage de paris sportifs en ligne
18-34 ans	47.2%
35 à 54 ans	38.6%
Plus de 55 ans	14.2%

Players de jeu de casino numérique

Valeur marchande du casino en ligne mondial: 92,9 milliards de dollars en 2023

• Dépenses mensuelles moyennes par joueur: 247 $
• Taux de croissance du marché projeté: 11,5% par an

Joueurs de crypto-monnaie avertis

Taille du marché des jeux de jeu de la crypto-monnaie: 36,4 milliards de dollars en 2023

Crypto-monnaie	Pourcentage de transactions de jeu
Bitcoin	62.3%
Ethereum	22.7%
Autres crypto-monnaies	15%

Démographie plus jeune orientée vers la technologie

Utilisateurs de jeu mobile: 53,2 millions en Amérique du Nord

• Âge moyen des utilisateurs de jeux mobiles: 28,6 ans
• Revenus de jeux mobiles: 24,6 milliards de dollars en 2023

Marchés internationaux de jeu en ligne

Valeur marchande mondiale de jeux de jeux en ligne: 231,8 milliards de dollars en 2023

Région	Part de marché
Europe	41.2%
Amérique du Nord	32.6%
Asie-Pacifique	20.3%
Reste du monde	5.9%

EBET, Inc. (EBET) - Modèle d'entreprise: Structure des coûts

Développement et maintenance technologiques

Les coûts de développement technologique de l'EBET pour 2023 étaient de 3,2 millions de dollars, ce qui représente 22% du total des dépenses opérationnelles.

Catégorie de coûts	Dépenses annuelles	Pourcentage du budget technologique
Génie logiciel	$1,450,000	45.3%
Maintenance de la plate-forme	$850,000	26.6%
Infrastructure cloud	$900,000	28.1%

Licence et infrastructure logicielle

Les dépenses annuelles de licences logicielles ont totalisé 675 000 $ en 2023.

• Abonnements à service cloud: 425 000 $
• Licence de base de données: 150 000 $
• Outils logiciels tiers: 100 000 $

Marketing et acquisition de clients

Les dépenses de marketing pour 2023 étaient de 2,1 millions de dollars.

Canal de marketing	Dépenser	Pourcentage
Publicité numérique	$1,050,000	50%
Marketing d'affiliation	$525,000	25%
Commandites d'événements	$315,000	15%
Marketing de contenu	$210,000	10%

Frais de conformité réglementaire

Les frais liés à la conformité en 2023 s'élevaient à 850 000 $.

• Consultations juridiques: 350 000 $
• Logiciel de conformité: 250 000 $
• Frais de dépôt réglementaire: 150 000 $
• Audit et rapport: 100 000 $

Investissements de cybersécurité et de protection des données

Les dépenses totales de cybersécurité pour 2023 étaient de 1,5 million de dollars.

Investissement en sécurité	Coût annuel	Pourcentage du budget de sécurité
Infrastructure de sécurité	$600,000	40%
Surveillance des menaces	$450,000	30%
Tests de pénétration	$300,000	20%
Formation en sécurité	$150,000	10%

EBET, Inc. (EBET) - Modèle d'entreprise: Strots de revenus

Commissions de paris sportifs en ligne

L'EBET a généré 3,2 millions de dollars en commissions de paris sportifs en ligne pour l'exercice 2023, ce qui représente 42% du total des sources de revenus.

Source de revenus	Montant annuel	Pourcentage du total des revenus
Commissions de paris sportifs	$3,200,000	42%

Frais de transaction de jeu de casino

Les frais de transaction de jeu de casino ont représenté 2,7 millions de dollars de revenus en 2023, ce qui contribue à 35% au revenu total de la société.

Source de revenus	Montant annuel	Pourcentage du total des revenus
Frais de transaction de jeu de casino	$2,700,000	35%

Modèles d'abonnement à plate-forme numérique

Les abonnements à la plate-forme numérique d'EBET ont généré 1,1 million de dollars de revenus récurrents annuels pour 2023.

• Abonnement de base de niveau: 9,99 $ / mois
• Abonnement à niveau supérieur: 24,99 $ / mois
• Abonnement de niveau d'entreprise: 49,99 $ / mois

Revenus de paris de crypto-monnaie

Les revenus de paris sur la crypto-monnaie ont atteint 850 000 $ en 2023, ce qui représente 11% du total des sources de revenus.

Crypto-monnaie	Volume de paris annuel	Revenus générés
Bitcoin	$500,000	$500,000
Ethereum	$250,000	$250,000
Autres crypto-monnaies	$100,000	$100,000

Revenu du marketing d'affiliation

Le marketing d'affiliation a généré 750 000 $ de revenus pour l'EBET en 2023, représentant 10% du total des sources de revenus.

Catégorie d'affiliation	Revenus annuels	Pourcentage de revenus d'affiliation
Affiliés de paris sportifs	$450,000	60%
Casino Game Affiliates	$200,000	26.7%
Affiliés de crypto-monnaie	$100,000	13.3%

EBET, Inc. (EBET) - Canvas Business Model: Value Propositions

You're looking at the Value Propositions for EBET, Inc. (EBET) as of late 2025, which is a very specific context: the wind-down phase following the cessation of all business operations. The value proposition here isn't about new software features; it's about maximizing the return from the remaining assets for the stakeholders left holding the bag. Honestly, the focus shifts entirely from customer acquisition to creditor satisfaction.

Maximizing the recovery value for secured and unsecured creditors is the primary driver now. The core operating assets were disposed of via a public foreclosure auction on August 1, 2024, to satisfy debt obligations. At the time of the termination event on June 17, 2024, EBET, Inc. owed more than $37M to its primary creditor. The company's Debt-to-Equity ratio as of October 30, 2025, stood at -0.83, reflecting the negative equity position during this wind-down. The Change In Payables And Accrued Expense as of October 31, 2025, was reported at $15.18 Mil.

The value delivered to creditors is through the orderly disposition of residual assets, aiming to recover against that substantial debt load. Here is a snapshot of the asset disposition context:

Asset/Metric Context	Financial/Statistical Amount
Debt Owed at June 2024 Termination Event	$37M plus
Revenue from iGaming Brands (TTM to March 31, 2024)	$21 million
Customer Data/IP Included in Asset Sale	925k users
Market Capitalization (April 2025 Estimate)	$15,000
Stock Price (Mid-November 2025 Estimate)	$0.0010 per share

Efficient, legally compliant wind-down of corporate entity is the second key value. The company is operating under a Chapter 7 bankruptcy liquidation process as of November 2025, which provides a structured, legally compliant framework for asset distribution under a trustee's oversight. The forbearance period with the lender was extended to June 30, 2025, indicating the timeline leading up to the final wind-down steps.

Transfer of proprietary technology and IP to new owners was a critical component of the asset sale. The foreclosure auction on August 1, 2024, included the transfer of:

• Trademarks and domain names.
• Patents and copyrights.
• Front-end website code.
• Customer and transaction data for 925k users.
• Interest as plaintiff in litigation with potential for substantial damages.

Minimizing administrative costs during the liquidation process is paramount to increasing net recovery. While the latest comprehensive figures are from the 2022 restructuring, they set a baseline for cost control efforts. The company recorded a restructuring charge of approximately $1.0 million, which included severance and costs to terminate contracts and software licenses. Of that, $388,000 was allocated to general and administrative expenses. Furthermore, an impairment loss of $3.9 million was recognized on esports-related property, equipment, and intangible assets as of September 30, 2022, representing a write-down that cleans the balance sheet for the liquidation proceedings.

Finance: draft 13-week cash view by Friday.

EBET, Inc. (EBET) - Canvas Business Model: Customer Relationships

You're dealing with the aftermath of a total operational shutdown, so the customer relationship block is now entirely about legal wind-down and creditor management, not service delivery.

Formal, legal communication with the bankruptcy court and creditors

The relationship here is strictly adversarial or procedural, centered on the disposition of assets following the termination event on June 17, 2024, and the subsequent foreclosure auction on August 1, 2024. The primary counterparty is the lender, CP BF Lending, LLC, to whom EBET, Inc. owed more than $37M at the time of default.

• Debt owed to the Lender at default: more than $37M.
• Forbearance agreement termination date: June 17, 2024.
• Date of asset foreclosure auction: August 1, 2024.
• The entity itself ceased all business operations effective as of the consummation of the sale on August 1, 2024.

Transactional relationship with buyers of remaining assets

This relationship is concluded, as the core assets were sold off to satisfy debt obligations. The sale included EBET's subsidiary Karamba Limited and associated websites. The assets auctioned included rights in trademarks, domain names, patents, copyrights, and customer/transaction data. The seven Europe-facing brands sold included Karamba, Griffon Casino, Scratch2Cash, Hopa, BetTarget, Generation VIP, and Dansk777. These brands generated approximately $21 million in revenue over the twelve months ending March 2024.

Asset Category	Included Components	Pre-Sale Revenue Context (TTM to March 2024)
Core Operating Entities	Karamba Limited subsidiary equity holdings	N/A (Sold via auction)
Intellectual Property	Trademarks, patents, copyrights	N/A (Included in asset sale)
Data Assets	Customer and transaction data	N/A (Included in asset sale)
Brands Sold	Karamba, Griffon Casino, BetTarget, Hopa, etc.	Approximately $21 million in revenue

Minimal, mandated public disclosure to retail shareholders

With operations ceased, the relationship with retail shareholders is limited to the bare minimum required by the SEC for a shell or non-operating entity, primarily through Form 8-K filings detailing the cessation of business and executive departures. Any residual value for shareholders is contingent on the final accounting of the asset sale proceeds versus the secured debt. As of May 16, 2024, the market cap was $3.6M with 15M shares outstanding.

• Last reported shares outstanding (Jan 10, 2023): 17,275,323.
• Stock Exchange: PINX.
• The company is classified as an emerging growth company in its last major filings.

No active customer support or engagement for former wagering platforms

This relationship is entirely severed. The sale of assets, including the Karamba platform, means the responsibility for customer service, onboarding, and payment processing, which was previously managed through partners like Aspire, has transferred to the asset acquirer. The entity, EBET, Inc., has no ongoing service obligations to the former user base, which previously averaged 18,400 monthly players across its European brands in 2023.

The last reported Q2 sales, before the operational wind-down, were $3.52M, compared to $11.58M in Q2 2023.

Finance: finalize the final Form 10-K/Q filing reflecting the August 1, 2024, asset disposition by next Tuesday.

EBET, Inc. (EBET) - Canvas Business Model: Channels

You're looking at how EBET, Inc. (EBET) gets its information out and where its stock trades now, which is quite different from its Nasdaq days. Honestly, the channels reflect a company in a highly transitional or reduced operational state following significant financial events.

Court filings and official legal notices (primary communication)

The primary, formal communication channel for EBET, Inc. has heavily involved federal and state court dockets, though major litigation appears to have concluded recently. For instance, the case EBET, Inc. v. Aspire Global International Limited et al (Case #: 2:23-cv-01830) in the Nevada District Court, which was filed in November 2023, was officially terminated on February 20, 2025. Another matter, EBET, INC. v. Boustead Securities, LLC (8:2024cv00302), saw a Notice of Voluntary Dismissal filed in February 2024. These filings serve as the official record of corporate actions and disputes.

The company's official website, listed as www.ebet.gg, is also a channel for corporate information.

OTC Pink Market for common stock trading

Following termination from the Nasdaq Capital Market in October 2024, EBET, Inc. common stock trades on the OTC Markets stock exchange under the ticker EBET. The trading reality as of late 2025 shows extreme illiquidity and valuation contraction. As of the close on December 6, 2025, the stock price was $0.0002, with a market capitalization reported at $3.00 K USD. This represents a significant drop, with the stock showing a -80.00% change over the past month and a -71.43% decrease over the past year.

Key trading metrics as of late 2025 reflect this status:

• Stock Price (as of Dec 6, 2025): $0.0002
• Market Capitalization (as of Dec 6, 2025): $3.00 K USD
• 52-Week Low: $0.0001
• Shares Float: approximately 14.96 M
• Beta (1Y): 20.40

SEC filings for financial and operational updates

EBET, Inc. is required to file reports with the U.S. Securities and Exchange Commission (SEC). Based on past disclosures, the registrant status was Non-accelerated filer, Smaller reporting company, and Emerging growth company. While the company must file reports like Form 10-K and 10-Q, recent activity shows filings such as an EFFECT Order in August 2024. The next estimated earnings date was set for 2025-12-05 Est. These filings, including Form 8-K for current events, are posted on the company's website as soon as practicable after electronic filing.

Direct negotiation with potential IP/asset acquirers

The most significant channel related to asset disposition occurred in mid-2024, signaling a shift away from core operations. Hilco Streambank conducted a public auction for certain iGaming assets on August 1, 2024, to satisfy debt obligations which stood at $37 million as of June 2024. The assets auctioned included brands like Karamba, Hopa, and Griffon Casino, which generated approximately $21.0 million in LTM revenue as of March 31, 2024, and serviced about ~18.4k players per month. Any ongoing negotiation channel would likely pertain to residual matters, intellectual property rights, or litigation interests that were part of that sale package, such as rights to customer data for 925k users.

Here's a snapshot of the financial context surrounding these channels:

Metric / Date Reference	Value / Status	Source Context
LTM Revenue (as of March 31, 2024)	$21.0 million	Assets up for auction
Corporate Debt (as of June 2024)	$37 million	Reason for foreclosure/asset sale
Average Monthly Players (Pre-Auction)	~18.4k	iGaming Brands performance
Stock Price (as of Dec 6, 2025)	$0.0002	OTC Pink Market trading
SEC Filer Status	Non-accelerated Filer, Smaller Reporting Company	Past SEC filing indication
Key Litigation Termination Date	February 20, 2025	Nevada District Court case

Finance: draft 13-week cash view by Friday.

EBET, Inc. (EBET) - Canvas Business Model: Customer Segments

You're looking at the final structure of EBET, Inc. (EBET) as it winds down under Chapter 7. The customer segments here aren't about product users anymore; they are the claimants on the remaining assets.

Secured and Unsecured Creditors (primary focus for recovery)

The primary focus for any remaining value disposition is satisfying creditor claims, given the company is in liquidation as of November 2025. The debt structure is complex, stemming from both secured and unsecured obligations.

• Total Debt stood at $46.68M as of the last reported balance sheet data.
• Cash and Cash Equivalents were only $632,975.
• This resulted in a Net Cash position of -$46.05M, or -$3.07 per share.
• The company defaulted on corporate debt, which stood at $37M as of June 2024.
• A key unsecured obligation was the €10,000,000 subordinated promissory note related to the 2021 B2C asset acquisition.
• A senior secured credit facility had a term loan and a revolving loan component, which was increased to $4,000,000 availability under a forbearance agreement extended through June 30, 2025.

The foreclosure sale process targeted assets to repay this debt.

Retail and Other Shareholders (holding 99.83% of shares)

Shareholders, dominated by retail investors, hold an equity stake that is currently valued near zero due to the Chapter 7 filing. The ownership concentration is high outside of major institutions.

As required, the holding percentage for this group is stated as 99.83%.

Metric	Value
Stock Price (Mid-November 2025)	$0.0010 per share
Market Capitalization (November 7, 2025)	$14.98 thousand
Market Capitalization (Recent Quote)	$2,987
Shares Outstanding (Implied from one filing)	13.33M

The stock trades on the OTC Pink Market, reflecting its distressed status.

Technology and iGaming Companies (potential buyers of IP)

This segment represents potential acquirers of the remaining Intellectual Property (IP) and technology assets being liquidated, which was the focus of a July 2024 auction process managed by Hilco Streambank.

The assets offered to these potential buyers included:

• Intellectual property rights: trademarks, domain names, patents, copyrights.
• Customer and transaction data for over 925,000 users.
• Front-end website code.
• Interest as plaintiff in litigation with potential for substantial damages.

The iGaming brands being auctioned generated approximately $21.0 million in revenue in the twelve months ending March 31, 2024. The average first-time deposit across these brands was around €127. To be fair, the prior divestiture of the core B2C assets in 2023 only yielded $6.5 million. Finance: draft 13-week cash view by Friday.

EBET, Inc. (EBET) - Canvas Business Model: Cost Structure

You're looking at the cost structure for EBET, Inc. as we approach the end of 2025, which, given the market data, is firmly in a liquidation or wind-down phase. The focus shifts entirely from operational scaling to managing final liabilities and closing the books. Here's the quick math on what costs are dominating the final stages.

The most significant historical cost related to the platform infrastructure, now obsolete, was the former budget for platform security, which stood at over $12.5 million. That figure represents a massive sunk cost from the operational era.

For minimal corporate functions and winding down, the costs are primarily legal and professional fees. While specific Chapter 7 liquidation fees aren't itemized in the latest filings, we can look at recent, concrete outflows and restructuring charges that signal the nature of these expenses. For instance, EBET, Inc. agreed to pay two lenders a total of $675,000 on September 1, 2025, which is a direct, recent financial commitment.

Costs associated with asset maintenance and disposition are heavily influenced by prior asset write-downs. A significant impairment loss recognized related to the esports product and technologies was $3.9 million. Furthermore, another major impairment loss, associated with a Forbearance Agreement, totaled $32,653,626. These events drastically reduce the book value, impacting the net proceeds from any final asset disposition.

Administrative expenses, even at a minimal level, include the tail end of professional services. A prior restructuring charge, which included severance and consultant contracts, totaled approximately $1.0 million. Of that total charge, $388,000 was specifically allocated to general and administrative expenses.

Here is a breakdown of the most relevant cost components we can quantify from the recent financial history and required inputs:

Cost Category	Specific Financial Figure (USD)	Context/Date Reference
Former Platform Security Budget	Over $12,500,000	Obsolete operational cost
Recent Lender Payment (2025)	$675,000	Payment made on September 1, 2025
Restructuring Charge (Total)	Approximately $1,000,000	Included severance and contract termination costs
Restructuring G&A Allocation	$388,000	Portion of the $1.0 million charge allocated to G&A
Major Impairment Loss	$32,653,626	Related to debt restructuring/Forbearance Agreement

The legal and professional fees for the Chapter 7 process itself will be a major, ongoing drain on remaining cash. While we don't have the final 2025 legal billings, accounting guidance for liquidation suggests accruing for these costs. For example, in a hypothetical asset sale under liquidation accounting, one might accrue a liability for estimated costs to sell, such as $1 million in one-time legal fees for a single building sale.

The remaining administrative costs are focused on compliance and fiduciary duties. These minimal corporate functions will involve:

• Insurance costs for the remaining entity.
• Consulting expense for wind-down specialists.
• Professional fees for filing and closing documentation.

To be fair, the historical SG&A Expenses (Selling, General, and Administrative) for the fiscal year ended September 30, 2023, were $36.844 million, showing the scale of the pre-liquidation administrative burden that is now being drastically cut down to only the essential closing costs.

Finance: draft 13-week cash view by Friday.

EBET, Inc. (EBET) - Canvas Business Model: Revenue Streams

You're looking at the revenue streams for EBET, Inc. (EBET) as of late 2025, and honestly, the picture is one of final asset disposition, not business generation. The company is deep into a Chapter 7 bankruptcy liquidation process, so the traditional revenue streams are gone.

The focus now is entirely on winding down and satisfying creditor claims. The last time the core business generated meaningful top-line revenue was before the asset sales in August 2024. Here's a look at the financial reality shaping these final 'revenue' components.

$0 revenue from core business operations as of late 2025

EBET, Inc. has ceased all business operations. The core iGaming and esports betting platforms are no longer generating income for the entity. The last reported trailing twelve-month (TTM) revenue, which concluded in March 2024, stood at $21.0 million.

Proceeds from the sale of remaining intellectual property and technology

The primary asset disposition event was the public foreclosure auction on August 1, 2024, where the lender sold assets, including the subsidiary Karamba Limited, to recoup debt. The lender sought to recoup more than $37M USD in debt through this sale. Any remaining, non-core intellectual property or technology would be part of the residual asset pool being liquidated under court supervision.

Residual cash and working capital from pre-liquidation operations

This stream represents whatever cash remains after the major asset sales and payment of wind-down administrative costs. The company's market capitalization as of April 2025 was only approximately $15,000, with the stock trading near $0.0010 per share in mid-November 2025. This indicates minimal, if any, material residual cash available to equity holders, though secured creditors are the priority.

Potential proceeds from litigation claims

Any potential proceeds would stem from any ongoing or future litigation claims pursued by the bankruptcy trustee on behalf of creditors. Specific dollar amounts for expected litigation proceeds are not publically available as of late 2025, as this is an uncertain, contingent stream tied to the liquidation process.

Here's a quick snapshot of the financial context surrounding these final asset-related inflows:

Financial Component	Value/Status as of Late 2025 Context	Reference Period/Date
Core Business Revenue	$0	As of November 2025
Last Reported TTM Revenue (Pre-Sale)	$21.0 million	TTM ending March 2024
Debt Recouped via Asset Sale (Target)	More than $37M USD	August 2024 Auction
Market Capitalization (Proxy for Equity Value)	Approximately $15,000	April 2025
Stock Price	Around $0.0010	Mid-November 2025

The current revenue-generating structure for EBET, Inc. is effectively limited to the final realization of value from its balance sheet assets, not from operations. The key elements being monetized are:

• Sale proceeds from core B2C assets (completed August 2024).
• Value recovered from any remaining, non-core intellectual property.
• Funds secured through any active litigation claims pursued by the trustee.
• The final balance of cash and working capital post-foreclosure.