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Document and Entity Information (USD $)
12 Months Ended
Dec. 31, 2014
Apr. 28, 2015
Jun. 30, 2014
Document And Entity Information      
Entity Registrant Name EMPIRE GLOBAL CORP.    
Entity Central Index Key 0001080319    
Document Type 10-K    
Document Period End Date Dec. 31, 2014    
Amendment Flag false    
Current Fiscal Year End Date --12-31    
Is Entity a Well-known Seasoned Issuer? No    
Is Entity a Voluntary Filer? No    
Is Entity's Reporting Status Current? Yes    
Entity Filer Category Smaller Reporting Company    
Entity Public Float     $ 737,000dei_EntityPublicFloat
Entity Common Stock, Shares Outstanding   23,264,800dei_EntityCommonStockSharesOutstanding  
Document Fiscal Period Focus FY    
Document Fiscal Year Focus 2014    
Balance Sheets (USD $)
Dec. 31, 2014
Dec. 31, 2013
Current Assets    
Cash and cash equivalents $ 422,276us-gaap_CashAndCashEquivalentsAtCarryingValue   
Deposits on acquisitions 62,698us-gaap_DepositsAssetsCurrent  
Gaming accounts receivable 371,644us-gaap_AccountsReceivableNet  
Prepaid expenses 393,224us-gaap_PrepaidExpenseCurrent  
Due from affiliates 256,251us-gaap_DueFromRelatedPartiesCurrent  
Investment in corporate bonds 389,536us-gaap_AvailableForSaleSecuritiesCurrent  
Other current assets 16,676us-gaap_OtherAssetsCurrent  
Total current assets 1,912,305us-gaap_AssetsCurrent   
Property, plant and equipment 17,995us-gaap_PropertyPlantAndEquipmentNet  
Intangible assets 1,982,434us-gaap_IntangibleAssetsNetExcludingGoodwill  
Goodwill 179,239us-gaap_Goodwill  
Investment in non-consolidated entities 40,594us-gaap_Investments  
Total Noncurrent Assets 2,220,265us-gaap_AssetsNoncurrent  
Total Assets 4,132,570us-gaap_Assets 0us-gaap_Assets
Current Liabilities    
Line of credit - bank 194,139us-gaap_LinesOfCreditCurrent  
Accounts payable and accrued liabilities 377,561us-gaap_AccruedLiabilitiesCurrent 8,265us-gaap_AccruedLiabilitiesCurrent
Gaming account balances 352,605EMGL_GamingAccountBalances  
Taxes payable 121,531us-gaap_AccruedIncomeTaxesCurrent  
Bank Loan 56,286us-gaap_LoansPayableToBankCurrent  
Advances from stockholders 65,717us-gaap_DueToRelatedPartiesCurrent 165,971us-gaap_DueToRelatedPartiesCurrent
Debenture, net of discount 141,346us-gaap_ConvertibleDebtCurrent  
Derivative liability 15,397us-gaap_DerivativeLiabilitiesCurrent  
Promissory note payable 436,796us-gaap_NotesPayableCurrent  
Other current liabilities 22,898us-gaap_OtherLiabilitiesCurrent  
Total Current Liabilities 1,784,276us-gaap_LiabilitiesCurrent 174,236us-gaap_LiabilitiesCurrent
Long term debt 52,912us-gaap_LongTermDebt  
Total Liabilities 1,837,188us-gaap_Liabilities 174,236us-gaap_Liabilities
Commitments and Contingencies      
Stockholders Deficiency    
Preferred Stock, $0.0001 par value, 20,000,000 shares authorized, none issued      
Capital Stock, $0.0001 par value, 80,000,000 shares authorized; 20,675,800 and 18,675,800 shares issued and outstanding, 2,327us-gaap_CommonStockValue 1,868us-gaap_CommonStockValue
Additional paid-in capital 9,525,357us-gaap_AdditionalPaidInCapital 4,924,844us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive income 39,880us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax   
Accumulated Deficit (7,272,182)us-gaap_RetainedEarningsAccumulatedDeficit (5,100,948)us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Deficiency 2,295,382us-gaap_StockholdersEquity (174,236)us-gaap_StockholdersEquity
Total Liabilities and Stockholder' Deficiency $ 4,132,570us-gaap_LiabilitiesAndStockholdersEquity $ 0us-gaap_LiabilitiesAndStockholdersEquity
Balance Sheets (Parenthetical) (USD $)
Dec. 31, 2014
Dec. 31, 2013
STOCKHOLDERS' EQUITY    
Preferred stock - par value $ 0.0001us-gaap_PreferredStockParOrStatedValuePerShare $ 0.0001us-gaap_PreferredStockParOrStatedValuePerShare
Preferred stock - authorized 20,000,000us-gaap_PreferredStockSharesAuthorized 20,000,000us-gaap_PreferredStockSharesAuthorized
Preferred stock - issued      
Capital stock - par value $ 0.0001us-gaap_CommonStockParOrStatedValuePerShare $ 0.0001us-gaap_CommonStockParOrStatedValuePerShare
Capital stock - authorized 80,000,000us-gaap_CommonStockSharesAuthorized 80,000,000us-gaap_CommonStockSharesAuthorized
Capital stock - issued 23,264,800us-gaap_CommonStockSharesIssued 18,675,800us-gaap_CommonStockSharesIssued
Capital stock - outstanding 23,264,800us-gaap_CommonStockSharesOutstanding 18,675,800us-gaap_CommonStockSharesOutstanding
Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]    
Revenue $ 1,741,531us-gaap_Revenues   
Costs and Expenses    
Direct selling expenses 1,448,653us-gaap_SellingExpense  
General and administrative expenses 892,781us-gaap_GeneralAndAdministrativeExpense 8,411us-gaap_GeneralAndAdministrativeExpense
Total Costs and Expenses 2,341,434us-gaap_CostsAndExpenses 8,411us-gaap_CostsAndExpenses
Loss from operation (599,903)us-gaap_OperatingIncomeLoss (8,411)us-gaap_OperatingIncomeLoss
Other Expenses (Income)    
Interest Income (5,020)us-gaap_InterestIncomeOperating  
Changes in fair value of derivative liabilities (1,233)us-gaap_GainLossOnSaleOfDerivatives  
Imputed interest on related party advances 11,972us-gaap_InterestExpenseRelatedParty 8,244us-gaap_InterestExpenseRelatedParty
Interest expense 29,086us-gaap_InterestExpense  
Allowance for deposit on acquisition 655,976us-gaap_BusinessCombinationAcquisitionRelatedCosts  
Impairment on investment 875,459us-gaap_GainLossOnInvestments  
Total Other Expenses 1,566,240us-gaap_OtherExpenses 8,244us-gaap_OtherExpenses
Net (loss) before income tax (2,166,143)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic (16,655)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
Income tax 5,091us-gaap_IncomeTaxExpenseBenefit   
Net loss (2,171,234)us-gaap_NetIncomeLoss (16,655)us-gaap_NetIncomeLoss
Other Comprehensive Income    
Foreign currency translation adjustment 39,880us-gaap_ForeignCurrencyTransactionGainLossBeforeTax  
Comprehensive income $ (2,131,354)us-gaap_ComprehensiveIncomeNetOfTax $ (16,655)us-gaap_ComprehensiveIncomeNetOfTax
Basic and fully diluted loss per share    
Basic and fully diluted loss from operation $ (0.11)us-gaap_EarningsPerShareBasicAndDiluted $ (0.001)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average number of common shares outstanding Basic and diluted 20,093,893us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 18,675,800us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
Statement of Shareholders Equity (USD $)
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Total
Beginning Balance, Amount at Dec. 31, 2012 $ 1,868us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 4,916,600us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
  $ (5,084,293)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ (165,825)us-gaap_StockholdersEquity
Beginning Balance, Shares at Dec. 31, 2012 18,675,800us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Imputed interest on stock advances   8,244us-gaap_TemporaryEquityAccretionOfInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
    8,244us-gaap_TemporaryEquityAccretionOfInterest
Net Loss       (16,655)us-gaap_ProfitLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(16,655)us-gaap_ProfitLoss
Ending Balance, Amount at Dec. 31, 2013 1,868us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
4,924,844us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
  (5,100,948)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(174,236)us-gaap_StockholdersEquity
Beginning Balance, Shares at Dec. 31, 2013 18,675,800us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Shares issued for acquisition, net of reacquired shares 1,020,000us-gaap_StockIssuedDuringPeriodSharesAcquisitions
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Shares issued for acquisition, net of reacquired shares 102us-gaap_StockIssuedDuringPeriodValueAcquisitions
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
1,019,898us-gaap_StockIssuedDuringPeriodValueAcquisitions
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
    1,020,000us-gaap_StockIssuedDuringPeriodValueAcquisitions
Shares issued for repayment of debt, shares 357,150us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Shares issued for repayment of debt 36us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
357,114us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
    357,150us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
Shares issued for services, shares 542,850us-gaap_StockIssuedDuringPeriodSharesIssuedForServices
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Shares issued for services 54us-gaap_StockIssuedDuringPeriodValueIssuedForServices
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
542,796us-gaap_StockIssuedDuringPeriodValueIssuedForServices
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
    542,850us-gaap_StockIssuedDuringPeriodValueIssuedForServices
Shares issued for cash, shares 2,669,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Shares issued for cash 267us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
2,668,733us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
    2,669,000us-gaap_StockIssuedDuringPeriodValueNewIssues
Imputed interest on stock advances   11,972us-gaap_TemporaryEquityAccretionOfInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
    11,972us-gaap_TemporaryEquityAccretionOfInterest
Foreign currency translation adjustment     39,880us-gaap_TemporaryEquityForeignCurrencyTranslationAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
  39,880us-gaap_TemporaryEquityForeignCurrencyTranslationAdjustments
Net Loss       (2,171,234)us-gaap_ProfitLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(2,171,234)us-gaap_ProfitLoss
Ending Balance, Amount at Dec. 31, 2014 $ 2,327us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 9,525,357us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
$ 39,880us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
$ (7,272,182)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ 2,295,382us-gaap_StockholdersEquity
Ending Balance, Shares at Dec. 31, 2014 23,264,800us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities    
Net loss $ (2,171,234)us-gaap_NetIncomeLoss $ (16,655)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 101,145us-gaap_DepreciationDepletionAndAmortization  
Amortization of deferred costs 403us-gaap_OtherAmortizationOfDeferredCharges  
Non-cash interest 7,975us-gaap_PaidInKindInterest  
Imputed interest 11,972us-gaap_InterestExpenseRelatedParty 8,244us-gaap_InterestExpenseRelatedParty
Changes in fair value of derivative liabilities (1,233)us-gaap_GainLossOnSaleOfDerivatives  
Loss on disposal of intangible assets 16,318us-gaap_GainLossOnDispositionOfIntangibleAssets  
Impairment of assets 1,531,435us-gaap_AssetImpairmentCharges  
Stock issued for services 230,350us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims  
Changes in operating assets and liabilities    
Prepaid expenses (12,738)us-gaap_IncreaseDecreaseInPrepaidExpense  
Accounts payable and accrued liabilities (79,358)us-gaap_IncreaseDecreaseInAccruedLiabilities 2,015us-gaap_IncreaseDecreaseInAccruedLiabilities
Baming accounts receivable (41,734)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables  
Gaming account liabilities 4,276EMGL_IncreaseDecreaseGamingAccountBalances  
Taxes payable 18,628us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable  
Other current assets (9,809)us-gaap_IncreaseDecreaseInOtherCurrentAssets  
Due from affiliates (266,536)us-gaap_IncreaseDecreaseDueFromAffiliates  
Other current liabilities 28,209us-gaap_IncreaseDecreaseInOtherCurrentLiabilities  
Long term liability 21,497us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities  
Net cash used in operating activities (610,434)us-gaap_NetCashProvidedByUsedInOperatingActivities (6,396)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows from Investing Activities    
Acquisition of property, plant and equipment (724)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment  
Cash acquired from acquisition 4,635us-gaap_CashAcquiredFromAcquisition  
Investment in non-consolidated entities (875,459)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates  
Cash for acquisition (620,700)us-gaap_PaymentsForPreviousAcquisition  
Deposit on acquisitions (721,191)us-gaap_IncreaseDecreaseInDepositsOutstanding  
Net cash used in investing activities (2,213,439)us-gaap_NetCashProvidedByUsedInInvestingActivities  
Cash Flows from Financing Activities    
Repayment to line of credit - bank (129,028)us-gaap_RepaymentsOfLinesOfCredit  
Repayment to bank loan (71,902)us-gaap_PaymentsForFederalHomeLoanBankAdvances  
Proceeds from debenture issued, net of repayment 139,500us-gaap_ProceedsFromIssuanceOfTrustPreferredSecurities  
Proceeds from promissory notes 436,796us-gaap_ProceedsFromNotesPayable  
Proceeds from issuance of common stock 2,669,000us-gaap_ProceedsFromIssuanceOfCommonStock  
Advances from stockholders, net of repayment 208,863us-gaap_ProceedsFromRelatedPartyDebt 6,396us-gaap_ProceedsFromRelatedPartyDebt
Net cash provided by financing activities 3,253,229us-gaap_NetCashProvidedByUsedInFinancingActivities 6,396us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of change in exchange rate (7,080)us-gaap_UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax   
Net increase in cash 422,276us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease   
Cash - beginning of period      
Cash - end of period $ 422,276us-gaap_CashAndCashEquivalentsAtCarryingValue   
Nature of Business and Operations
12 Months Ended
Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Nature of Business and Operations

1. Nature of Business

Business

Empire Global Corp. ("Empire" or "the Company") was incorporated in the state of Delaware on August 26, 1998 as Pender International Inc. On September 30, 2005 changed its name to Empire Global Corp. and maintains its principal executive offices headquartered in Toronto, Canada.

The Company, through its wholly owned subsidiary, Multigioco Srl ("Multigioco") provides online gaming services mainly consisting of online wagering as well as gaming in online web based betting shops situated throughout Italy.

Acquisition

On August 15, 2014 the Company acquired 100% of the outstanding common shares of Multigioco, an Italian corporation, in exchange for 2,000,000 restricted shares of Empire's common stock. For accounting purposes, the purchase was accounted for using the acquisition method of accounting.

Multigioco was formed on November 4, 2010 by the founder of New Gioco Srl, Beniamino Gianfelici and Doriana Gianfelici, the father-in-law and spouse respectively of our President Alessandro Marcelli, with New Gioco Srl holding a 66% interest and Doriana Gianfelici holding a 34% interest respectively, in Multigioco.

As a result of the acquisition, Multigioco became a wholly owned subsidiary of Empire. The financial statements of Multigioco was included in the consolidated financial statements starting from the date of acquisition, August 15, 2014. (See Note 4)

Going Concern
12 Months Ended
Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern

2. Going concern

The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates realization of assets and the satisfaction of liabilities in the normal course of business.

The Company had operating losses for the past two years. There are no assurances that management will be successful in achieving sufficient cash flows to fund the Company's working capital needs, or whether the Company will be able to refinance or renegotiate its obligations when they become due or raise additional capital through future debt or equity. These factors among others, raise substantial doubt about the Company's ability to continue as a going concern. No adjustments have been made to the carrying value of assets or liabilities as a result of this uncertainty.

Management plans to mitigate its losses in future years by significantly reducing its operating expenses and seeking out new business opportunities. However, there is no assurance that the Company will be able to obtain additional financing, reduce its operating expenses or be successful in maintaining a viable business.

Summary of Significant Accounting Policies
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

3. Summary of Significant Accounting Policies

a) Basis of presentation

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP"). The consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. All significant inter-company transactions and balances among the Company and its subsidiaries are eliminated upon consolidation.

c) Use of estimates

The preparation of the financial statements in conformity with Generally Accepted Accounting Principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. These estimates and assumptions include valuing equity securities issued in share based payment arrangements, determining the fair value of our common stock, the collectability of receivables and advances and deferred taxes and related valuation allowances. Certain of our estimates, including evaluating the collectability of receivables and advances, could be affected by external conditions, including those unique to our industry, and general economic conditions. It is possible that these external factors could have an effect on our estimates that could cause actual results to differ from our estimates. We re-evaluate all of our accounting estimates at least quarterly based on these conditions and record adjustments when necessary.

d) Cash and equivalents

The Company considers all highly liquid debt instruments with maturities of three months or less at the time acquired to be cash equivalents. Cash equivalents represent short-term investments consisting of investment-grade corporate and government obligations, carried at cost, which approximates market value. The Company has no cash equivalents as of December 31, 2014 and 2013.

The Company primarily places its cash with high-credit quality financial institutions, one of which is located in the United States which is insured by the Federal Deposit Insurance Corporation for up to $250,000 and another which is located in Italy and is insured by the Italian government.

e) Gaming accounts receivable & allowance for doubtful accounts

The Company extends unsecured credit to its gaming client accounts in the ordinary course of business when a client applies credit to their gaming account by credit card or direct deposit either through one of our websites or at the cashier of a betting shop. The client may then place wagers or play games immediately on the credit applied.

Gaming accounts receivable represents gaming losses and deposits (credits) made by customers to their gaming accounts not yet credited to our bank accounts and subject to normal trade collection terms without discounts. The Company periodically evaluates the collectability of its gaming accounts receivable and considers the need to record or adjust an allowance for doubtful accounts based upon historical collection experience and specific customer information. Actual amounts could vary from the recorded estimates. The Company has determined that no allowance for doubtful accounts is needed for the gaming accounts receivable balances as of December 31, 2014. The Company does not require collateral to support customer receivables.

f) Gaming account balances

Gaming account balances represent customer gaming account balances that are held as credits (i.e. deposits on account, winnings, etc.) and have not as of yet been withdrawn by the customers or that customers want to keep on account for future betting. Customers can request payment from the Company at any time and the payment to customers can be made through bank wire, credit card, or actual cash disbursement from one of our locations. Gaming account credit balances are non-interest bearing.

g) Property, plant and equipment

Property, plant and equipment are stated at acquisition cost less accumulated depreciation and adjustments for impairment losses.

Expenditures are capitalized only when they increase the future economic benefits embodied in an item of property, plant and equipment. All other expenditures are recognized as expenses in the statement of income as incurred.

Depreciation is charged on a straight-line basis over the estimated remaining useful lives of the individual assets. Amortization commences from the time an asset is put into operation. The range of the estimated useful lives is as follows:

 

Office equipment   5 years 
Office furniture   8 1/3 years 
Signs and displays   5 years 


h) Intangible Assets

Intangible assets are amortized on a straight-line basis over their remaining useful life and consist of the following:

 

Trademarks / names   14 years 
Websites   5 years 
AAMS license   7 years 
Location contracts   7 years 
Customer relationships   15 years 

 

We evaluate intangible assets for impairment on an annual basis, and do so during the last month of each year using balances as of the end of December and at an interim date if indications of impairment exist. Intangible asset impairment is determined by comparing the fair value of the asset to its carrying amount with an impairment being recognized only where the fair value is less than carrying value.

i) Goodwill

Goodwill is recognized for the excess of the purchase price over the fair value of tangible and identifiable intangible net assets of businesses acquired. Goodwill is reviewed at least annually for impairment. In our evaluation of goodwill impairment, we perform a qualitative assessment to determine if it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the qualitative assessment is not conclusive, we proceed to a two-step process to test goodwill for impairment including comparing the fair value of the reporting unit to its carrying value (including attributable goodwill). Fair value for our reporting units is determined using an income or market approach incorporating market participant considerations and management's assumptions on revenue growth rates, operating margins, discount rates and expected capital expenditures. Fair value determinations may include both internal and third-party valuations. Unless circumstances otherwise dictate, we perform our annual impairment testing in the fourth quarter.


We perform the allocation based on our knowledge of the market in which we operate, and our overall knowledge of the gaming industry.

j) Long-Lived Assets

We evaluate the carrying value of our long-lived assets for impairment by comparing the expected undiscounted future cash flows of the assets to the net book value of the assets when events or circumstances indicate that the carrying amount of a long-lived asset may not be recoverable. If the expected undiscounted future cash flows are less than the net book value of the assets, the excess of the net book value over the estimated fair value will be charged to earnings.


Fair value is based upon discounted cash flows of the assets at a rate deemed reasonable for the type of asset and prevailing market conditions, appraisals, and, if appropriate, current estimated net sales proceeds from pending offers.

k) Fair Value of Financial Instruments

We measure our financial assets and liabilities in accordance with accounting principles generally accepted in the United States of America. The carrying value of the Company's short term investments, prepaid, accounts receivables, and sundry assets, accounts payable and accrued charges, gaming account balance, and advances from shareholder approximate fair value because of the short term maturity of these financial instruments.

The Company adopted accounting guidance for financial assets and liabilities (ASC 820). The adoption did not have a material impact on our results of operations, financial position or liquidity. This standard defines fair value, provides guidance for measuring fair value and requires certain disclosures.


This standard does not require any new fair value measurements, but rather applies to all other accounting pronouncements that require or permit fair value measurements. This guidance does not apply to measurements related to share-based payments. This guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The guidance utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:

 

Level 1: Observable inputs such as quoted prices (unadjusted) in active market for identical assets or liabilities.
Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.
Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use.


The warrant liability issued in connection with the debentures, classified as a level 3 liability, are the only financial liability measured at fair value on a recurring basis.

l) Investments in non-consolidated entities

Investments in non-consolidated entities are accounted for using the equity method or cost basis depending upon the level of ownership and/or the Company's ability to exercise significant influence over the operating and financial policies of the investee. When the equity method is used, investments are recorded at original cost and adjusted periodically to recognize the Company's proportionate share of the investees' net income or losses after the date of investment. When net losses from an investment are accounted for under the equity method exceed its carrying amount, the investment balance is reduced to zero and additional losses are not provided for. The Company resumes accounting for the investment under the equity method if the entity subsequently reports net income and the Company's share of that net income exceeds the share of net losses not recognized during the period the equity method was suspended. Investments are written down only when there is clear evidence that a decline in value that is other than temporary has occurred.

The Company's investment in 2336414 Ontario Inc. and Banca Veneto were accounted for using the cost method of accounting. The Company monitors its investment for impairment at least annually and make appropriate reductions in the carrying value if it determines that an impairment charge is required based on qualitative and quantitative information.

m) Derivative Financial Instruments

The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income.

For option-based simple derivative financial instruments, the Company uses the Black-Scholes option-pricing model to value the derivative instruments at inception and subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period.

n) Leases

Leases are reviewed and classified as capital or operating at their inception in accordance with ASC Topic 840, Accounting for Leases. For leases that contain rent escalations, the Company records monthly rent expense equal to the total amount of the payments due in the reporting period over the lease term. The difference between rent expense recorded and the amount paid is credited or charged to deferred rent account and is included in accrued expenses and other current liabilities.

All lease agreements of the Company as leasees are accounted for as operating leases as of December 31, 2014 and 2013.

o) Currency translation

Since the Company's subsidiary operates in the Italy, the subsidiary's functional currency is the Euro. In the consolidated financial statements, revenue and expense accounts are translated at the average rates during the period, and assets and liabilities are translated at year-end rates and equity accounts are translated at historical rate. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders' equity. Gains and losses from foreign currency transactions are recognized in current operations.

p) Revenue Recognition

Revenues from sports-betting; casino, cash and skill games; slots, lotteries, bingo and horse race wagers represent the gross pay-ins from customers less gaming taxes and payouts to customers in addition to commissions paid to us for scratch tickets and other lottery games. Revenues are recorded when the game is closed net of payouts and AAMS taxes from wagers by customers.


Multigioco's Net Gaming Revenues (also referred to as NGR) are derived by subtracting total winnings and AAMS taxes from total wagers. Revenue from online casino games is a fixed percentage of payout based on guidelines set out by the AAMS (generally 97%) and programmed by producers of the casino software. Multigioco determines fees based on industry standards for poker and fixed revenue by law with respect to bingo at 30%.

q) Income Taxes

We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, "Income Taxes." Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized.

ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented.

As of December 31, 2014 and December 31, 2013, the earnings of the Company have yielded cumulative losses. The Company has elected to include interest and penalties related to uncertain tax positions, if determined, as a component of income tax expense. To date, no penalties or interest has been accrued.

In Italy, tax years beginning 2009 forward are open and subject to examination. The Company is not currently under examination and it has not been notified of a pending examination.

r) Promotion, Marketing, and Advertising Costs

The costs of promotion, marketing, and advertising are charged to expense as incurred.

s) Earnings Per Share

FASB ASC 260, "Earnings Per Share" provides for calculation of "basic" and "diluted" earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income (loss) available to common shareholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity similar to fully diluted earnings per share. As a result of the net loss in the year 2014, the calculation of diluted loss per common share does not include the dilutive effect to outstanding warrants.


t) Comprehensive Income (Loss)

Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources, including foreign currency translation adjustments and unrealized gains and losses on marketable securities.

The Company adopted FASB ASC 220-10-45, "Reporting Comprehensive Income". ASC 220-10-45 establishes standards for reporting and presentation of comprehensive income and its components in a full set of financial statements. Comprehensive income is presented in the statements of operations, and consists of net income and unrealized gains (losses) on available for sale marketable securities; foreign currency translation adjustments and changes in market value of future contracts that qualify as a hedge; and negative equity adjustments.

u) Business Combinations

We allocate the fair value of purchase consideration to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require management to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not limited to, future expected cash flows from acquired users, acquired technology, and trade names from a market participant perspective, useful lives and discount rates. Management's estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, which is one year from the acquisition date, we may record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded to earnings.

v) Recent Accounting Pronouncements

There are no recently issued accounting standards that are expected to have a material effect on our financial condition, results of operations or cash flows.

Multigioco Srl Acquisition
12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]  
Multigioco Srl Acquisition

4. Multigioco Srl Acquisition

On August 15, 2014, the Company completed its acquisition of Multigioco in which it acquired 100% of the outstanding common shares of Multigioco, an Italian corporation. Based on Share Purchase Agreement ("Agreement"), the Company will pay EUR 1,000,000 (approximately $1,336,600 USD using the exchange rate at the closing date) in consideration for 100% shares of Multigioco at closing. In Lieu of the cash consideration due at closing, the Company issued 2,000,000 restricted shares of Empire's common stock, which was valued at a fair market value of $1.00 per share. As stated in the Agreement, the shareholders of Multigioco have the option to give back those shares in exchange for the cash consideration no later than 90 days from the closing of this Agreement. On October 24, 2014, the Company paid EUR 490,000 (approximately $620,700 USD) to reacquire 49% (or 980,000 shares) of the shares issued to Multigioco shareholders. The cash paid for reacquiring those shares was treated as measurement period purchase price adjustment. The parties have informally agreed to extend the option indefinitely.

The acquisition was accounted for under the acquisition method of accounting. The assets and liabilities of Multigioco are included in the Consolidated Balance Sheet as of December 31, 2014 and the results of the Multigioco operations subsequent to the acquisition date are included in the Consolidated Statement of Comprehensive Loss.

The purchase price was allocated to the fair market value of tangible and intangible assets acquired and liabilities assumed as follows:

 

            Useful life 
                
Current assets      $441,049     
Property, Plant and Equipment       22,779     
Identifiable intangible assets               
Trademarks / names:   110,000         14 years 
Websites:   40,000         5 years 
AAMS license:   490,000         7 years 
Location contracts:   1,000,000         7 years 
Customer relationships:   440,000         15 years 
Total identifiable intangible assets        2,080,000      
Liabilities assumed        (1,554,743)     
Total identifiable assets less liabilities       $1,461,461      
Goodwill        179,239      
Total purchase price       $1,640,700      



The unaudited pro forma combined historical results, as if Multigioco had been acquired at the beginning of 2013 are as follows:

 

   For the year ended
   December 31,  December 31,
   2014  2013
Revenue  $4,682,561   $4,653,520 
Costs and expenses   (5,372,971)   (4,677,080)
Other income (expenses)   (1,558,489)   25,227 
Income tax   (8,609)   (3,440)
Net income (loss)   (2,257,508)   (1,773)
Investment in corporate bond
12 Months Ended
Dec. 31, 2014
Schedule of Investments [Abstract]  
Investment in corporate bond

5. Investment in corporate bond

The investment in the corporate bond represents bonds issued by the Veneto Banca Societa Cooperativa Per Azioni ("SCpA") an Italian bank bearing interest from 3 - 4.2% and maturing in November 2015.

Line of credit - bank
12 Months Ended
Dec. 31, 2014
Notes to Financial Statements  
Line of credit - bank

6. Line of credit - bank

The Company obtained a line of credit for maximum amount of EUR 300,000 (approximately $414,000) from a Banca Veneto in Italy on December 3, 2013. The line of credit is unsecured and bears a fixed rate of interest at 5% per annum on the outstanding balance and is fully open with no minimum payment, maturity or due date.

Bank loan
12 Months Ended
Dec. 31, 2014
Banking and Thrift [Abstract]  
Bank loan

7. Bank loan payable

The amount represents a bank loan held with Banca Veneto which was guaranteed by certain shareholders of the Company. The loan amount of $634,260 originated in March 2011 with a 49 month repayment term ending in May 2015. The interest rate on the loan is 5.041% plus Euro Inter Bank Offered Rate ("EURIBOR").

 

Long-term liabilities
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Long-term liabilities

8. Long term liabilities

The long term liabilities consist of the following:

 

TFR  $49,930 
Other   2,982 
   $52,912 


The "TFR" represents the Italian "Trattamento di Fine Rapporto" which is a severance amount set up by Italian companies to be paid to employees on termination of employment.


Related party transactions and balances
12 Months Ended
Dec. 31, 2014
Related Party Transactions [Abstract]  
Related party transactions and balances

9. Related party transactions and balances

Related party transactions consist of advances from and repayments to stockholders recorded as advances from stockholders as well as transactions between our subsidiary Multigioco and New Gioco Srl which we recorded as due to affiliates (See Note 10).

During the years ended December 31, 2014 and 2013 our major stockholder Gold Street Capital Corp. (Gold Street) advanced $423,090 and $6,396 to the Company respectively while Doriana Gianfelici advanced $598 during the year ended December 31, 2014. The amount due to Doriana Gianfelici at December 31, 2014 was $48,631 which included $48,033 assumed by the Company as a result of the acquisition of Multigioco.

There were no repayments to stockholders for the year ended December 31, 2013. During the year ended December 31, 2014, the Company repaid $214,825 in cash and issued 325,836 shares and 31,314 shares to Gold Street Capital Corp. and Braydon Capital Corp. respectively for repayment of advances. Those shares were valued at fair market value of $1.00/share.

 
The Company also issued 42,850 shares of common stock to David Ciavarella a relative of our CEO for accounting services rendered during the year ended December 31, 2014, which was valued at fair market value of $42,850.

Advances from stockholders represent non-interest bearing loans that are due on demand. Interest was imputed at 5% per annum. Balances of Advances from stockholders are as follows:

 

   December 31,  December 31,
   2014  2013
       
Braydon Capital Corp.  $—     $31,314 
Gold Street Capital   17,086    134,657 
Doriana Gianfelici   48,631    —   
Total advances from related parties:  $65,717   $165,971 
Due from affiliates
12 Months Ended
Dec. 31, 2014
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Due from affiliates

10. Due from affiliates

In addition to the Advances from and payments to stockholders, during the year ended December 31, 2014, Multigioco provided management, office space and utilities, business administration and services as well as customer care call center (the "administrative services") to New Gioco Srl the former shareholder of Multigioco. Multigioco billed New Gioco Srl, a related party, $256,251 for administrative services which is recorded as due from affiliates and a reduction of the administrative expenses.

New Gioco Srl is owned by Beniamino Gianfelici the father of Doriana Gianfelici the father-in-law and spouse respectively of our President Alessandro Marcelli.


Amounts due from affiliates are unsecured, interest free, and are generally payable on demand with no stated due date.

Investment in non-consolidated entities
12 Months Ended
Dec. 31, 2014
Investments, All Other Investments [Abstract]  
Investment in non-consolidated entities

11. Investment in non-consolidated entities

Investments in non-consolidated entities consists of the following:

 

2336414 Ontario Inc.  $875,459 
Banca Veneto   40,594 
    916,053 
      
Less impairment   (875,459)
   $40,594 


On December 9, 2014, the Company invested CDN$1,000,000 (approximately $875,459 USD) in a private placement of common shares of 2336414 Ontario Inc. ("2336414") representing 666,664 common shares or 2.3% of 2336414. 2336414 is an Ontario corporation and the parent company of Paymobile Inc. a carrier-class, PCI compliant transaction platform, delivering Visa prepaid card programs for social disbursements, corporate payroll replacement and cheque replacement. The Company is in discussions to obtain a supplemental multi-currency payment processing system for our various clients and partners which may offer us unique, competitive, loyalty benefits in our markets.

The Company subscribed for 666,664 Units (CDN$1,000,000) (approximately $875,458 USD), with each Unit being comprised of one (1) common share in the capital of 2336414 and one-quarter (1/4) of one common share purchase warrant, which will require four quarter warrants to acquire one additional common share in the capital of 2336414, for CDN$2.25 within 18 months after the closing of the Offering, or such longer period of time as 2336414 may determine.

The Company paid CDN$1,000,000 (approximately $875,459 USD) in cash, and obtained a promissory note for CDN$500,000 (approximately $436,796 USD) from 2336414's subsidiary, Paymobile Inc, which bears interest at a rate of 1% per month on the outstanding balance to be paid in instalments as follows:


  - CDN$200,000 on December 31, 2014
  - CDN$150,000 on January 31, 2015
  - CDN$150,000 on February 28, 2015

 

As of December 31, 2014 no payment was made. As of the date of this filing, the final payment of CDN$150,000 remains due. The Company and 2336414 Ontario Inc. have informally agreed to extend the due date until April 30, 2015 unless further extend by mutual consent.


Since Paymobile has not produced any meaningful income, the Company has determined that it may not be able to realize its investment in 2336414 and has therefore decided to set up a 100% impairment on the investment made as of December 31, 2014. If the investment in 2336414 is unsuccessful, the Company may lose some or all of its investment in 2336414 Ontario Inc.

On December 31, 2014 the Company held $40,594 in shares of Banca Veneto SCpA. Banca Veneto is a private mutual enterprise organized under Italian banking laws.

We carry the value of the shares of Banca Veneto SCpA and 2336414 Ontario Inc. at cost less impairment. The Company accounts for investment in non-consolidated entities using the cost method of accounting if the Company has an ownership interest below 20% and does not have the ability to exercise significant influence over an investee. The shares of Banca Veneto and 2336414 Ontario Inc. do not have an active market.

Deposits on Acquisitions
12 Months Ended
Dec. 31, 2014
Notes to Financial Statements  
Deposits on Acquisitions

12. Deposits on Acquisitions

Deposits on acquisitions includes the following:

 

Acquisition of Rifa Srl  $62,698 
Acquisition of Streamlogue Holdings Ltd.   655,976 
    718,674 
      
Less allowance for doubtful account   (655,976)
   $62,698 


Multigioco made a payment of EUR 30,000 towards the purchase price of Rifa Srl. ("Rifa") plus EUR 21,506 in costs (a total of $62,698 USD).

Rifa was an inactive legal entity with no business operations or locations, it's only asset is a Monti license number 4583. In order to acquire the Monti license for our business development plan in Italy, in accordance with the AAMS regulations Multigioco was required to purchase the legal corporate entity "Rifa" which the Monti license was first granted to. This acquisition was closed and the effective date is January 1, 2015 (see Note 18).

On September 1, 2014 the Company entered into a Share Purchase Agreement (SPA) to acquire Streamlogue Holdings Ltd. ("Streamlogue"), a Maltese licensed gaming company. The purpose of seeking the acquisition of Streamlogue is to expand our gaming products and services outside of the Italian operations of our subsidiary Multigioco. Under the terms of the SPA, the company agreed to pay Euro 600,000 (approximately $759,698 USD) of outstanding debts of Streamlogue plus Euro 350,000 (approximately $443,157 USD) in shares of the company payable on closing of the transaction. The Closing of the transaction is subject to full and satisfactory due diligence which includes an audit of the financial statements of Streamlogue. To date, the due diligence and audit of the financial statements have not been completed.

Streamlogue owns two operating subsidiaries licensed by the Lottery and Gaming Authority of Malta ("LGA"): Streamlogue Services Ltd, a Maltese corporation holding LGA license number LGA/CL4/922/2013, a Business to Business (B2B) company which provides a "Live Online Casino" platform to global online gaming operators situated in authorized countries and Streamlogue Operations Ltd, a Maltese corporation holding LGA license number LGA/CL1/922/2013 a Business to Consumer (B2C) company which provides the Live Online Casino gaming platform for direct end user patrons that can establish betting accounts directly with the company.

During the years covered by this report the company made advances of $655,976 towards the purchase price of Streamlogue. The deposits are credited to the purchase price of EUR 950,000 (approximately $1,202,855 USD).

If the transaction to acquire Streamlogue Holdings Ltd. is unsuccessful, the Company may lose some or all of the deposits credited towards the purpose price.

Since Streamlogue has not produced any meaningful income, the Company determined that it may not be able to realize its deposit in Streamlogue if the transaction is unsuccessful. Therefore, the Company decided to set up a 100% allowance on the advances made as of December 31, 2014.

Gaming Revenues
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Gaming Revenues

13. Revenues

The Company derives revenues from the wagers on sports-bets; casino and card games; slots and other gaming entertainment. The Company is subject to licensing requirements established by the AAMS in Italy. The following table sets forth the breakdown of gaming revenues for the period from August 16, 2014 to December 31, 2014:

 

   December 31,   
   2014  %
       
Total Turnover  $30,454,640    100.00%
Less: Winnings/payouts   28,330,799    93.03%
Gross Gaming Revenues   2,123,841    6.97%
           
Less: AAMS Gaming Taxes   382,310    1.26%
Net Gaming Revenues  $1,741,531    5.72%


Turnover represents the total of bets processed for the period.

Debentures and Debenture Warrants
12 Months Ended
Dec. 31, 2014
Notes to Financial Statements  
Debentures and Debenture Warrants

14. Debentures and Debenture Warrants

July 2014 Debentures

On July 9, 2014, the Company issued debentures to a group of accredited investors to purchase 14 unsecured Debenture Units for gross proceeds of $70,000. Each Debenture Unit is comprised of (i) a $5,000 debenture bearing interest at a rate of 24% per annum, maturing two (2) year from the date of issuance and (ii) 500 warrants which may be exercised at $1.00 per warrant to receive one common share prior to July 9, 2016.

On October 17, 2014, the Company repurchased $70,000 in aggregate principal amount of the July 2014 Debentures plus accrued interest of $4,741.

December 2014 Debentures

On December 17, 2014, the Company issued debentures to a group of accredited investors to purchase 30 unsecured Debenture Units for gross proceeds of $150,000. Each Debenture Unit is comprised of (i) a $5,000 debenture bearing interest at a rate of 24% per annum, maturing one (1) year from the date of issuance and (ii) 500 warrants which may be exercised at $1.50 per warrant to receive one common share prior to December 17, 2016.

For the year ended December 31, 2014, the Company recorded a total of $1,381 of accrued interest expense related to the Debentures and the amount is included as a component of accrued expenses. As of December 31, 2014, the amortized discount on the Debentures was $403.

The Company paid commissions of $3,500 and $10,500 for the July 2014 and the December 2014 debentures respectively. The commissions related to the December 2014 debentures were amortized over the life of the debenture.

Warrants to Purchase Common Stock

The Company has determined that the warrants issued in connection with the debentures on July 9, 2014 and December 17, 2014 should be treated as a liability since it has been determined not to be indexed to the Company's own stock.

The fair value of the warrants on the date of issuance as calculated using the Black-Scholes model was $6,397 and $9,000 for the June 2014 and December 2014 warrants respectively, using the following weighted average assumptions:

 

      Common               
Warrant  Exercise  Stock        Dividend  Interest  Forfeiture
Date  Price  Price  Volatility  Term  Yield  Rate  Risk
   per/sh  per/sh               
July 9, 2014  $1.00   $1.09    628%  2 yrs   0%   0.91%   0%
                                  
Dec. 17, 2014  $1.50   $0.60    548%  2 yrs   0%   0.91%   0%


The fair value of the warrants has been recorded as a debt discount which is to be amortized as interest expense over the life of the Debentures.

A summary of warrant transactions during the year ended December 31, 2014 is as follows:

      Weighted Average
   Warrant  Exercise Price
   Shares  Per Common Share
Outstanding at January 1, 2014   —     $—   
Issued   22,000   $1.34 
Exercised   —      —   
Expired   —      —   
Outstanding at December 31, 2014   22,000   $1.34 
Exercisable at December 31, 2014   22,000   $1.34 

 

As of December 31, 2014, the weighted average remaining contractual life for warrants outstanding and exercisable was 1.5 years and 2 years for the July 9, 2014 and the December 17, 2014 warrants respectively.

Shareholder's Equity
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Shareholder's Equity

15. Shareholder's Equity

 

(a) On August 15, 2014 the Company issued 2,000,000 shares of common stock for the acquisition of Multigioco. (See Note 4)
     
(b) On October 3, 2014, the Company issued an aggregate of 900,000 restricted shares of our common stock which were valued at fair market value of $1.00 per share as follows:
     
  - 500,000 shares with a total value of $500,000 for legal advisory services to Beard Winter LLP which is being amortized over the service period of one year. As of December 31, 2014, $312,500 remained unamortized and is included in prepaid expenses.
  - 150,000 shares to David Ciavarella a relative of our CEO with a total value of $150,000 for accounting services related to the acquisition of Multigioco and repayment of advance from shareholders.
  - 250,000 shares for cancellation of $250,000 of debt recorded as advances from a shareholder, Gold Street Capital.
     
(c) On October 16, 2014, Empire closed a subscription agreement with an accredited non-US investor for a total of 2,699,000 shares of common stock in a private placement (the "Private Placement"). The price to the investor in the Private Placement was US$1.00 per common share for gross proceeds to the Company of CDN$3,000,000 (US$2,669,000).

Commitments and Contingencies
12 Months Ended
Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

16. Commitments and contingencies

There are no legal actions, lawsuits or disputes related to Company as of the date of the financial statements.

Income Taxes
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Income Taxes

17. Income Taxes

The Company is incorporated in the United States of America and is subject to United States federal taxation. No provisions for income taxes have been made, as the Company had no U.S. taxable income for the year ended December 31, 2014 and 2013.

The Company periodically evaluates whether it is more likely than not that it will generate sufficient taxable income to realize the deferred income tax asset. The ultimate realization of this asset is dependent upon the generation of future taxable income sufficient to offset the related deductions. At the present time, management cannot presently determine when the Company will be able to generate sufficient taxable income to realize the deferred tax asset; accordingly, a valuation allowance has been established to offset the asset.

The Company's Italian subsidiary is governed by the income tax laws of Italy. The corporate tax rate in Italy is 32.32% (IRES at 27.5% plus IRAP ordinary at 4.82%) on income reported in the statutory financial statements after appropriate tax adjustments.

The reconciliation of income tax expense at the U.S. statutory rate of 35% to the Company's effective income tax is as follows:

 

   For the years ended December 31,
   2014  2013
U.S. statutory rate of 35%  $(730,328)  $(5,829)
Tax rate difference between U.S. and Italy (27.5%)  $(42,317)   —   
Change in valuation allowance   777,736    5,829 
Income tax expense  $5,091   $—   

 

The Company has accumulated a net operating loss carry forward ("NOL") of approximately $7 million as of December 31, 2014. This NOL may be offset against future taxable income through the year 2034. The use of these losses to reduce future income taxes will depend on the generation of sufficient taxable income prior to the expiration of the NOL. No tax benefit has been reported in the consolidated financial statements for the year ended December 31, 2014 and 2013 because it has been fully offset by a valuation allowance.

NOL's incurred are subject to limitation due to any ownership change (as defined under Section 382 of the Internal Revenue Code of 1986) which resulted in a change in business direction. Unused limitations may be carried over to future years until the NOLs expire. Utilization of NOLs may also be limited in any one year by alternative minimum tax rules.

Under Italian tax law the operating loss carryforwards available for offset against future profits can be used indefinitely. Operating loss carryforwards are only available for offset against national income tax, in the limit of 80% of taxable annual income (this restriction does not apply to the operating loss incurred in the first three years of the Company's activity, which are therefore available for 100% offsetting).

The tax effects of temporary differences that give rise to the Company's net deferred tax asset as of December 31, 2014 and 2013 are as follows:

 

   For the years ended December 31,
   2014  2013
Net operating loss carryforward  $2,563,068   $1,785,332 
Less valuation allowance   (2,563,068)   (1,785,332)
Deferred Tax Asset  $—     $—   


The provisions for income taxes are summarized as follows:

 

   For the years ended December 31,
   2014  2013
Current - foreign  $5,091    —   
Deferred   —      —   
Total  $5,091    —   


Subsequent events
12 Months Ended
Dec. 31, 2014
Subsequent Events [Abstract]  
Subsequent events

18. Subsequent Events

The Company has evaluated all events or transactions that occurred subsequent to December 31, 2014 through the date these consolidated financial statements were issued, and has disclosed as follows:

On January 1, 2015, the Company's wholly owned subsidiary, Multigioco acquired Rifa Srl and New Gioco Srl for EUR 50,000 (approximately $63,300 USD) and EUR 450,000 (approximately 569,700), respectively.

Rifa was an inactive company with no business operations or locations, its only asset was the Monti license #4583 (those AAMS licenses first issued in 2000 cannot be transferred (except to an existing Monti license owner)). The Bersani and Monti licenses of New Gioco were acquired by Multigioco and Rifa respectively.

According to AAMS regulations Monti licenses must be acquired by through the transfer of the legal entity to which it was granted at issue.

In order to acquire the Monti license from Rifa, Multigioco was required under AAMS law to acquire the legal entity Rifa Srl. As a result, Multigioco retained Rifa as a wholly owned subsidiary and Rifa's Monti license #4583 was integrated under Multigioco.

New Gioco Srl. is an Italian gaming company formed by Beniamino Gianfelici the father of Doriana Gianfelici also the father-in-law of our President Alessandro Marcelli. Prior to the acquisition of Multigioco by Empire, New Gioco Srl held a 66% interest and Doriana Gianfelici held a 24% interest respectively in Multigioco.

As a result of the transactions, the AAMS Monti license from New Gioco was integrated under the Rifa subsidiary while the AAMS Bersani license from New Gioco was directly integrated under Multigioco.

As a result, Multigioco now has its original GAD (Gioco a Distanza) online license number 15133 as well as Punto Sportivo (Corner) license number 4070 with three (3) corners and Negozio Sportivo (Agency) license number 4583 with two (2) agencies. The Company has paid EUR 50,000 (approximately $63,308 USD) for the Rifa license and will pay EUR 450,000 (approximately $569,773 USD) for the New Gioco license by making 9 instalments of EUR 50,000 (approximately $63,308 USD) each until paid in full by December 31, 2015.

As of the date of this report, the Company paid EUR 50,000 (approximately $63,308 USD) towards the purchase price of New Gioco Srl.

Summary of Significant Accounting Policies (Policies)
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Basis of presentation and estimates

a) Basis of presentation

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP"). The consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. All significant inter-company transactions and balances among the Company and its subsidiaries are eliminated upon consolidation.

Use of estimates

c) Use of estimates

The preparation of the financial statements in conformity with Generally Accepted Accounting Principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. These estimates and assumptions include valuing equity securities issued in share based payment arrangements, determining the fair value of our common stock, the collectability of receivables and advances and deferred taxes and related valuation allowances. Certain of our estimates, including evaluating the collectability of receivables and advances, could be affected by external conditions, including those unique to our industry, and general economic conditions. It is possible that these external factors could have an effect on our estimates that could cause actual results to differ from our estimates. We re-evaluate all of our accounting estimates at least quarterly based on these conditions and record adjustments when necessary.

Cash and equivalents

d) Cash and equivalents

The Company considers all highly liquid debt instruments with maturities of three months or less at the time acquired to be cash equivalents. Cash equivalents represent short-term investments consisting of investment-grade corporate and government obligations, carried at cost, which approximates market value. The Company has no cash equivalents as of December 31, 2014 and 2013.

The Company primarily places its cash with high-credit quality financial institutions, one of which is located in the United States which is insured by the Federal Deposit Insurance Corporation for up to $250,000 and another which is located in Italy and is insured by the Italian government.

Gaming accounts receivable & allowance for doubtful accounts

e) Gaming accounts receivable & allowance for doubtful accounts

The Company extends unsecured credit to its gaming client accounts in the ordinary course of business when a client applies credit to their gaming account by credit card or direct deposit either through one of our websites or at the cashier of a betting shop. The client may then place wagers or play games immediately on the credit applied.

Gaming accounts receivable represents gaming losses and deposits (credits) made by customers to their gaming accounts not yet credited to our bank accounts and subject to normal trade collection terms without discounts. The Company periodically evaluates the collectability of its gaming accounts receivable and considers the need to record or adjust an allowance for doubtful accounts based upon historical collection experience and specific customer information. Actual amounts could vary from the recorded estimates. The Company has determined that no allowance for doubtful accounts is needed for the gaming accounts receivable balances as of December 31, 2014. The Company does not require collateral to support customer receivables.

Gaming balances

f) Gaming account balances

Gaming account balances represent customer gaming account balances that are held as credits (i.e. deposits on account, winnings, etc.) and have not as of yet been withdrawn by the customers or that customers want to keep on account for future betting. Customers can request payment from the Company at any time and the payment to customers can be made through bank wire, credit card, or actual cash disbursement from one of our locations. Gaming account credit balances are non-interest bearing.

Property, plant and equipment

g) Property, plant and equipment

Property, plant and equipment are stated at acquisition cost less accumulated depreciation and adjustments for impairment losses.

Expenditures are capitalized only when they increase the future economic benefits embodied in an item of property, plant and equipment. All other expenditures are recognized as expenses in the statement of income as incurred.

Depreciation is charged on a straight-line basis over the estimated remaining useful lives of the individual assets. Amortization commences from the time an asset is put into operation. The range of the estimated useful lives is as follows:

 

Office equipment   5 years 
Office furniture   8 1/3 years 
Signs and displays   5 years 


Intangible Assets

h) Intangible Assets

Intangible assets are amortized on a straight-line basis over their remaining useful life and consist of the following:

 

Trademarks / names   14 years 
Websites   5 years 
AAMS license   7 years 
Location contracts   7 years 
Customer relationships   15 years 

 

We evaluate intangible assets for impairment on an annual basis, and do so during the last month of each year using balances as of the end of December and at an interim date if indications of impairment exist. Intangible asset impairment is determined by comparing the fair value of the asset to its carrying amount with an impairment being recognized only where the fair value is less than carrying value.

Goodwill

i) Goodwill

Goodwill is recognized for the excess of the purchase price over the fair value of tangible and identifiable intangible net assets of businesses acquired. Goodwill is reviewed at least annually for impairment. In our evaluation of goodwill impairment, we perform a qualitative assessment to determine if it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the qualitative assessment is not conclusive, we proceed to a two-step process to test goodwill for impairment including comparing the fair value of the reporting unit to its carrying value (including attributable goodwill). Fair value for our reporting units is determined using an income or market approach incorporating market participant considerations and management's assumptions on revenue growth rates, operating margins, discount rates and expected capital expenditures. Fair value determinations may include both internal and third-party valuations. Unless circumstances otherwise dictate, we perform our annual impairment testing in the fourth quarter.


We perform the allocation based on our knowledge of the market in which we operate, and our overall knowledge of the gaming industry.



Long-Lived Assets

j) Long-Lived Assets

We evaluate the carrying value of our long-lived assets for impairment by comparing the expected undiscounted future cash flows of the assets to the net book value of the assets when events or circumstances indicate that the carrying amount of a long-lived asset may not be recoverable. If the expected undiscounted future cash flows are less than the net book value of the assets, the excess of the net book value over the estimated fair value will be charged to earnings.


Fair value is based upon discounted cash flows of the assets at a rate deemed reasonable for the type of asset and prevailing market conditions, appraisals, and, if appropriate, current estimated net sales proceeds from pending offers.



Fair Value of Financial Instruments

k) Fair Value of Financial Instruments

We measure our financial assets and liabilities in accordance with accounting principles generally accepted in the United States of America. The carrying value of the Company's short term investments, prepaid, accounts receivables, and sundry assets, accounts payable and accrued charges, gaming account balance, and advances from shareholder approximate fair value because of the short term maturity of these financial instruments.

The Company adopted accounting guidance for financial assets and liabilities (ASC 820). The adoption did not have a material impact on our results of operations, financial position or liquidity. This standard defines fair value, provides guidance for measuring fair value and requires certain disclosures.


This standard does not require any new fair value measurements, but rather applies to all other accounting pronouncements that require or permit fair value measurements. This guidance does not apply to measurements related to share-based payments. This guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The guidance utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:

 

Level 1: Observable inputs such as quoted prices (unadjusted) in active market for identical assets or liabilities.
Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.
Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use.


The warrant liability issued in connection with the debentures, classified as a level 3 liability, are the only financial liability measured at fair value on a recurring basis.



Investments in non-consolidated entities

l) Investments in non-consolidated entities

Investments in non-consolidated entities are accounted for using the equity method or cost basis depending upon the level of ownership and/or the Company's ability to exercise significant influence over the operating and financial policies of the investee. When the equity method is used, investments are recorded at original cost and adjusted periodically to recognize the Company's proportionate share of the investees' net income or losses after the date of investment. When net losses from an investment are accounted for under the equity method exceed its carrying amount, the investment balance is reduced to zero and additional losses are not provided for. The Company resumes accounting for the investment under the equity method if the entity subsequently reports net income and the Company's share of that net income exceeds the share of net losses not recognized during the period the equity method was suspended. Investments are written down only when there is clear evidence that a decline in value that is other than temporary has occurred.

The Company's investment in 2336414 Ontario Inc. and Banca Veneto were accounted for using the cost method of accounting. The Company monitors its investment for impairment at least annually and make appropriate reductions in the carrying value if it determines that an impairment charge is required based on qualitative and quantitative information.



Derivative Financial Instruments

m) Derivative Financial Instruments

The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income.

For option-based simple derivative financial instruments, the Company uses the Black-Scholes option-pricing model to value the derivative instruments at inception and subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period.



Leasing

n) Leases

Leases are reviewed and classified as capital or operating at their inception in accordance with ASC Topic 840, Accounting for Leases. For leases that contain rent escalations, the Company records monthly rent expense equal to the total amount of the payments due in the reporting period over the lease term. The difference between rent expense recorded and the amount paid is credited or charged to deferred rent account and is included in accrued expenses and other current liabilities.

All lease agreements of the Company as leasees are accounted for as operating leases as of December 31, 2014 and 2013.



Currency translation

o) Currency translation

Since the Company's subsidiary operates in the Italy, the subsidiary's functional currency is the Euro. In the consolidated financial statements, revenue and expense accounts are translated at the average rates during the period, and assets and liabilities are translated at year-end rates and equity accounts are translated at historical rate. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders' equity. Gains and losses from foreign currency transactions are recognized in current operations.



Revenue Recognition

p) Revenue Recognition

Revenues from sports-betting; casino, cash and skill games; slots, lotteries, bingo and horse race wagers represent the gross pay-ins from customers less gaming taxes and payouts to customers in addition to commissions paid to us for scratch tickets and other lottery games. Revenues are recorded when the game is closed net of payouts and AAMS taxes from wagers by customers.


Multigioco's Net Gaming Revenues (also referred to as NGR) are derived by subtracting total winnings and AAMS taxes from total wagers. Revenue from online casino games is a fixed percentage of payout based on guidelines set out by the AAMS (generally 97%) and programmed by producers of the casino software. Multigioco determines fees based on industry standards for poker and fixed revenue by law with respect to bingo at 30%.



Income Taxes

q) Income Taxes

We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, "Income Taxes." Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized.

ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented.

As of December 31, 2014 and December 31, 2013, the earnings of the Company have yielded cumulative losses. The Company has elected to include interest and penalties related to uncertain tax positions, if determined, as a component of income tax expense. To date, no penalties or interest has been accrued.

In Italy, tax years beginning 2009 forward are open and subject to examination. The Company is not currently under examination and it has not been notified of a pending examination.



Promotion, Marketing, and Advertising Costs

r) Promotion, Marketing, and Advertising Costs

The costs of promotion, marketing, and advertising are charged to expense as incurred.



Earnings Per Share

s) Earnings Per Share

FASB ASC 260, "Earnings Per Share" provides for calculation of "basic" and "diluted" earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income (loss) available to common shareholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity similar to fully diluted earnings per share. As a result of the net loss in the year 2014, the calculation of diluted loss per common share does not include the dilutive effect to outstanding warrants.



Comprehensive Income (Loss)

t) Comprehensive Income (Loss)

Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources, including foreign currency translation adjustments and unrealized gains and losses on marketable securities.

The Company adopted FASB ASC 220-10-45, "Reporting Comprehensive Income". ASC 220-10-45 establishes standards for reporting and presentation of comprehensive income and its components in a full set of financial statements. Comprehensive income is presented in the statements of operations, and consists of net income and unrealized gains (losses) on available for sale marketable securities; foreign currency translation adjustments and changes in market value of future contracts that qualify as a hedge; and negative equity adjustments.



Business combinations

u) Business Combinations

We allocate the fair value of purchase consideration to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require management to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not limited to, future expected cash flows from acquired users, acquired technology, and trade names from a market participant perspective, useful lives and discount rates. Management's estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, which is one year from the acquisition date, we may record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded to earnings.



Recent Accounting Pronouncements

v) Recent Accounting Pronouncements

There are no recently issued accounting standards that are expected to have a material effect on our financial condition, results of operations or cash flows.



Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Property, plant and equipment useful life
Office equipment 5 years
Office furniture 8 1/3 years
Signs and displays 5 years
Intangible assets useful life
Trademarks / names   14 years 
Websites   5 years 
AAMS license   7 years 
Location contracts   7 years 
Customer relationships   15 years 


Multigioco Srl Acquisition (Tables)
12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]  
Purchase price of Multigioco Srl [Member]

 

            Useful life 
                
Current assets      $441,049     
Property, Plant and Equipment       22,779     
Identifiable intangible assets               
Trademarks / names:   110,000         14 years 
Websites:   40,000         5 years 
AAMS license:   490,000         7 years 
Location contracts:   1,000,000         7 years 
Customer relationships:   440,000         15 years 
Total identifiable intangible assets        2,080,000      
Liabilities assumed        (1,554,743)     
Total identifiable assets less liabilities       $1,461,461      
Goodwill        179,239      
Total purchase price       $1,640,700      

Proforma financial information

 

   For the year ended
   December 31,  December 31,
   2014  2013
Revenue  $4,682,561   $4,653,520 
Costs and expenses   (5,372,971)   (4,677,080)
Other income (expenses)   (1,558,489)   25,227 
Income tax   (8,609)   (3,440)
Net income (loss)   (2,257,508)   (1,773)

Long term liabilities (Tables)
12 Months Ended
Dec. 31, 2014
Liabilities [Abstract]  
Long term liabilities
TFR  $49,930 
Other   2,982 
   $52,912 
Related party transactions and balances (Tables)
12 Months Ended
Dec. 31, 2014
Related Party Transactions [Abstract]  
Related party transactions and balances

 

   December 31,  December 31,
   2014  2013
       
Braydon Capital Corp.  $—     $31,314 
Gold Street Capital   17,086    134,657 
Doriana Gianfelici   48,631    —   
Total advances from related parties:  $65,717   $165,971 

Investment in non-consolidated entities (Tables)
12 Months Ended
Dec. 31, 2014
Investments, All Other Investments [Abstract]  
Investment in non-consolidated entities

 

2336414 Ontario Inc.  $875,459 
Banca Veneto   40,594 
    916,053 
      
Less impairment   (875,459)
   $40,594 

Deposits on Acquisitions (Tables)
12 Months Ended
Dec. 31, 2014
Deposits On Acquisitions Tables  
Deposits on acquisitions
Acquisition of Rifa Srl  $62,698 
Acquisition of Streamlogue Holdings Ltd.   655,976 
    718,674 
      
Less allowance for doubtful account   (655,976)
   $62,698 
Gaming Revenues (Tables)
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Gaming Revenue

 

   December 31,   
   2014  %
       
Total Turnover  $30,454,640    100.00%
Less: Winnings/payouts   28,330,799    93.03%
Gross Gaming Revenues   2,123,841    6.97%
           
Less: AAMS Gaming Taxes   382,310    1.26%
Net Gaming Revenues  $1,741,531    5.72%

Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Income Taxes Tables  
Reconciliation of income tax expense

 

   For the years ended December 31,
   2014  2013
U.S. statutory rate of 35%  $(730,328)  $(5,829)
Tax rate difference between U.S. and Italy (27.5%)  $(42,317)   —   
Change in valuation allowance   777,736    5,829 
Income tax expense  $5,091   $—   
Deferred tax assets

 

   For the years ended December 31,
   2014  2013
Net operating loss carryforward  $2,563,068   $1,785,332 
Less valuation allowance   (2,563,068)   (1,785,332)
Deferred Tax Asset  $—     $—   

Provisions for income taxes
   For the years ended December 31,
   2014  2013
Current - foreign  $5,091    —   
Deferred   —      —   
Total  $5,091    —   
Debentures and Debenture Warrants (Tables)
12 Months Ended
Dec. 31, 2014
Notes to Financial Statements  
Black-scholes modle
      Common               
Warrant  Exercise  Stock        Dividend  Interest  Forfeiture
Date  Price  Price  Volatility  Term  Yield  Rate  Risk
   per/sh  per/sh               
July 9, 2014  $1.00   $1.09    628%  2 yrs   0%   0.91%   0%
                                  
Dec. 17, 2014  $1.50   $0.60    548%  2 yrs   0%   0.91%   0%
Warrants

 

      Weighted Average
   Warrant  Exercise Price
   Shares  Per Common Share
Outstanding at January 1, 2014   —     $—   
Issued   22,000   $1.34 
Exercised   —      —   
Expired   —      —   
Outstanding at December 31, 2014   22,000   $1.34 
Exercisable at December 31, 2014   22,000   $1.34 

Nature of Business and Operations (Details) (Multigioco [Member])
1 Months Ended 0 Months Ended
Oct. 24, 2014
Aug. 15, 2014
Multigioco [Member]
   
Ownership 100.00%us-gaap_SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest
/ us-gaap_ConsolidationItemsAxis
= EMGL_MultigiocoMember
[1],[2] 100.00%us-gaap_SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest
/ us-gaap_ConsolidationItemsAxis
= EMGL_MultigiocoMember
[1]
Issuance of restricted stock for acquisition   2,000,000us-gaap_StockIssuedDuringPeriodSharesAcquisitions
/ us-gaap_ConsolidationItemsAxis
= EMGL_MultigiocoMember
[1] Multigioco was formed on November 4, 2010 by the founder of New Gioco Srl (a company incorporated in Italy) Beniamino Gianfelici and Doriana Gianfelici, the father-in-law and spouse respectively of our President Alessandro Marcelli, with New Gioco Srl holding a 66% interest and Doriana Gianfelici holding a 34% interest in Multigioco, respectively.
[2] The company held 100% in shares on August 15 then bought back 49% of the 2,000,000 shares on October 24,
Summary of Significant Accounting Policies (Details Narrative) (USD $)
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Insured by the Federal Deposit Insurance Corporation $ 250,000us-gaap_CashFDICInsuredAmount
Poker

% of Rake based on market rates.

Fixed Online Casino Percentage Payout 97%
Fixed Revenue from Bingo fees 30%
Summary of Significant Accounting Policies - Property, plant and equipment useful life (Details)
12 Months Ended
Dec. 31, 2014
Office Equipment [Member]  
Property, Plant and Equipment [Line Items]  
Useful Life 5 years
Office Furniture [Member]  
Property, Plant and Equipment [Line Items]  
Useful Life 8 years 4 months
Signs and Displays [Member]  
Property, Plant and Equipment [Line Items]  
Useful Life 5 years
Summary of Significant Accounting Policies - Intangible assets useful life (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Trademarks/ names [Member]  
Indefinite-lived Intangible Assets [Line Items]  
Useful life 14 years
Websites [Member]  
Indefinite-lived Intangible Assets [Line Items]  
Useful life 5 years
AAMS license [Member]  
Indefinite-lived Intangible Assets [Line Items]  
Useful life 7 years
Location contract [Member]  
Indefinite-lived Intangible Assets [Line Items]  
Useful life 7 years
Customer relationships [Member]  
Indefinite-lived Intangible Assets [Line Items]  
Useful life 15 years
Multigioco Srl Acquisition - Purchase price of Multigioco Srl (Details Narrative) (Multigioco [Member], USD $)
1 Months Ended 0 Months Ended
Oct. 24, 2014
Aug. 15, 2014
Multigioco [Member]
   
Business Combination, Separately Recognized Transactions [Line Items]    
Purchase price   $ 1,336,600us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCosts
/ us-gaap_ConsolidationItemsAxis
= EMGL_MultigiocoMember
Issuance of restricted stock for acquisition   2,000,000us-gaap_StockIssuedDuringPeriodSharesAcquisitions
/ us-gaap_ConsolidationItemsAxis
= EMGL_MultigiocoMember
share price   $ 1.00us-gaap_BusinessAcquisitionSharePrice
/ us-gaap_ConsolidationItemsAxis
= EMGL_MultigiocoMember
Repurchase of shares outstanding $ 620,700EMGL_RepurchaseDebentures
/ us-gaap_ConsolidationItemsAxis
= EMGL_MultigiocoMember
 
Ownership 100.00%us-gaap_SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest
/ us-gaap_ConsolidationItemsAxis
= EMGL_MultigiocoMember
[1],[2] 100.00%us-gaap_SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest
/ us-gaap_ConsolidationItemsAxis
= EMGL_MultigiocoMember
[1]
Repurchase of shares outstanding 980,000us-gaap_WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
/ us-gaap_ConsolidationItemsAxis
= EMGL_MultigiocoMember
 
[1] Multigioco was formed on November 4, 2010 by the founder of New Gioco Srl (a company incorporated in Italy) Beniamino Gianfelici and Doriana Gianfelici, the father-in-law and spouse respectively of our President Alessandro Marcelli, with New Gioco Srl holding a 66% interest and Doriana Gianfelici holding a 34% interest in Multigioco, respectively.
[2] The company held 100% in shares on August 15 then bought back 49% of the 2,000,000 shares on October 24,