total prize money in 2018 reached $ 150.8 million , an increase from 2017 's $ 112 million . the league of legends world championship was 2018 's biggest tournament by live viewership hours on twitch , with 53.8 million hours . it also produced $ 1.9 million in ticket revenues . the overwatch league was the most-watched league by live viewership hours on twitch , generating 79.5 million hours . forbes magazine projects fans of esports will wager $ 23 billion on professional esports events by 2020 and that in 2019 , $ 897.2 million in revenues , or 82 % of the total market , will come from brand investments ( media rights , advertising , and sponsorship ) . this will increase to $ 1.5 billion by 2022 , making up 87 % of total esports revenues . although official competitions have long been a part of video game culture , participation and spectatorship of such events have seen a global surge in popularity over the last few years with the rapid growth of online streaming over the last few years . the advent of online streaming technology has turned esports into a global industry that includes professional players and teams competing in major events that are simultaneously watched in person in stadiums ( which are often sold out ) , and by online viewers ( which regularly exceed 1,000,000 viewers for major tournaments ) . the impact has been so significant , that many video game developers now build features into their games designed to facilitate competition . going concern we have financed operations primarily through the sale of equity securities and short-term debt . until revenues are sufficient to meet our needs , we will continue to attempt to secure financing through equity or debt securities , including the sale of securities in this offering . we continue to incur negative cash flows from operating activities and net losses . we had minimal cash , negative working capital , and negative total equity as of june 30 , 2019 and june 30 , 2018. these factors , among others , raise substantial doubt about our ability to continue as a going concern . the financial statements included in this prospectus do not include any adjustments that might result from the outcome of this uncertainty . in order for us to eliminate substantial doubt about our ability to continue as a going concern , we must achieve profitability , generate positive cash flows from operating activities and obtain the necessary debt or equity funding to meet our projected capital investment requirements . our management 's plans with respect to this uncertainty consist of raising additional capital by issuing debt or equity securities and increasing the sales of our products and services . if we are successful in completing the offering , we believe the net proceeds of the offering together with anticipated growth of the business will be sufficient to eliminate substantial doubt about our ability to continue as a going concern . there can be no assurance , however , that we will be able to complete the offering , raise sufficient additional capital or that revenues will increase rapidly enough to offset operating losses . if we are unable to increase revenues or obtain additional financing , we will be unable to continue the development of our products and services and may have to cease operations . results of operations the following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and related notes included elsewhere in this report . material changes in line items in our statement of operations for the year ended june 30 , 2019 as compared to the same period last year , are discussed below . 33 year ended june 30 , 2019 compared to the year ended june 30 , 2018 revenue and expenses our operating expenses are classified into several categories : ● directors compensation ● consulting fees ● professional fees ● general and administrative expenses ● stock based compensation directors compensation is comprised of cash and stock option compensation paid to the directors of the company . these amounted to $ 55,000 for the year ended june 30 , 2019 , compared to 99,509 for the year ended june 30 , 2018. the decrease of $ 44,509 in director 's compensation during the year ended june 30 , 2019 is attributable primarily to the change of a board member to an executive officer during the year . consulting fees amounted to $ 790,105 for the year ended june 30 , 2019 , compared to $ 967,618 for the year ended june 30 , 2018. the decrease of $ 177,513 in consulting fees during the year ended june 30 , 2019 is attributable primarily to reduced fees of outside services to support the preparation of sec filings combined with the conversion of consultants to personnel . professional fees consist primarily of our contracted accounting , legal and audit fees . these amounted to $ 343,856 for the year ended june 30 , 2019 , compared to $ 211,971 for the year ended june 30 , 2018. the increase of $ 131,885 in professional fees during the year ended june 30 , 2019 is attributable primarily to increases in accounting and audit fees for preparation and review of our filings with the securities & exchange commission ( “ sec ” ) . general and administrative expenses refers to our salaries , occupancy costs , marketing costs , travel costs , office supplies , telephone expenses , bank charges , fees to process and file documents with the sec , stock transfer fees , investors relations costs , corporate filing fees with the state of nevada , and other administrative expenses . these amounted to $ 1,125,651 for the year ended june 30 , 2019 , compared to $ 696,543 for the year ended june 30 , 2018. story_separator_special_tag total prize money in 2018 reached $ 150.8 million , an increase from 2017 's $ 112 million . the league of legends world championship was 2018 's biggest tournament by live viewership hours on twitch , with 53.8 million hours . it also produced $ 1.9 million in ticket revenues . the overwatch league was the most-watched league by live viewership hours on twitch , generating 79.5 million hours . forbes magazine projects fans of esports will wager $ 23 billion on professional esports events by 2020 and that in 2019 , $ 897.2 million in revenues , or 82 % of the total market , will come from brand investments ( media rights , advertising , and sponsorship ) . this will increase to $ 1.5 billion by 2022 , making up 87 % of total esports revenues . although official competitions have long been a part of video game culture , participation and spectatorship of such events have seen a global surge in popularity over the last few years with the rapid growth of online streaming over the last few years . the advent of online streaming technology has turned esports into a global industry that includes professional players and teams competing in major events that are simultaneously watched in person in stadiums ( which are often sold out ) , and by online viewers ( which regularly exceed 1,000,000 viewers for major tournaments ) . the impact has been so significant , that many video game developers now build features into their games designed to facilitate competition . going concern we have financed operations primarily through the sale of equity securities and short-term debt . until revenues are sufficient to meet our needs , we will continue to attempt to secure financing through equity or debt securities , including the sale of securities in this offering . we continue to incur negative cash flows from operating activities and net losses . we had minimal cash , negative working capital , and negative total equity as of june 30 , 2019 and june 30 , 2018. these factors , among others , raise substantial doubt about our ability to continue as a going concern . the financial statements included in this prospectus do not include any adjustments that might result from the outcome of this uncertainty . in order for us to eliminate substantial doubt about our ability to continue as a going concern , we must achieve profitability , generate positive cash flows from operating activities and obtain the necessary debt or equity funding to meet our projected capital investment requirements . our management 's plans with respect to this uncertainty consist of raising additional capital by issuing debt or equity securities and increasing the sales of our products and services . if we are successful in completing the offering , we believe the net proceeds of the offering together with anticipated growth of the business will be sufficient to eliminate substantial doubt about our ability to continue as a going concern . there can be no assurance , however , that we will be able to complete the offering , raise sufficient additional capital or that revenues will increase rapidly enough to offset operating losses . if we are unable to increase revenues or obtain additional financing , we will be unable to continue the development of our products and services and may have to cease operations . results of operations the following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and related notes included elsewhere in this report . material changes in line items in our statement of operations for the year ended june 30 , 2019 as compared to the same period last year , are discussed below . 33 year ended june 30 , 2019 compared to the year ended june 30 , 2018 revenue and expenses our operating expenses are classified into several categories : ● directors compensation ● consulting fees ● professional fees ● general and administrative expenses ● stock based compensation directors compensation is comprised of cash and stock option compensation paid to the directors of the company . these amounted to $ 55,000 for the year ended june 30 , 2019 , compared to 99,509 for the year ended june 30 , 2018. the decrease of $ 44,509 in director 's compensation during the year ended june 30 , 2019 is attributable primarily to the change of a board member to an executive officer during the year . consulting fees amounted to $ 790,105 for the year ended june 30 , 2019 , compared to $ 967,618 for the year ended june 30 , 2018. the decrease of $ 177,513 in consulting fees during the year ended june 30 , 2019 is attributable primarily to reduced fees of outside services to support the preparation of sec filings combined with the conversion of consultants to personnel . professional fees consist primarily of our contracted accounting , legal and audit fees . these amounted to $ 343,856 for the year ended june 30 , 2019 , compared to $ 211,971 for the year ended june 30 , 2018. the increase of $ 131,885 in professional fees during the year ended june 30 , 2019 is attributable primarily to increases in accounting and audit fees for preparation and review of our filings with the securities & exchange commission ( “ sec ” ) . general and administrative expenses refers to our salaries , occupancy costs , marketing costs , travel costs , office supplies , telephone expenses , bank charges , fees to process and file documents with the sec , stock transfer fees , investors relations costs , corporate filing fees with the state of nevada , and other administrative expenses . these amounted to $ 1,125,651 for the year ended june 30 , 2019 , compared to $ 696,543 for the year ended june 30 , 2018.

capital resources and liquidity the company 's sources and ( uses ) of cash for the year ended june 30 , 2019 and 2018 are shown below : replace_table_token_1_th our projected capital requirements during the next 18 months are as follows : project estimated cost launch our skill-based video game tournaments for play on mobile devices $ 500,000 launch our skill-based video game tournaments for play on pcs and video game consoles $ 1,000,000 obtain online gaming license from , and establish operations in , malta $ 1,000,000 obtain online gaming license from , and establish operations in , an asian country to be selected by us . $ 500,000 market our online betting services $ 5,000,000 34 our auditor 's report on our june 30 , 2019 financial statements expresses an opinion that substantial doubt exists as to whether we can continue as an ongoing business . other than the foregoing , we do not know of any trends that have or are reasonably likely to have a current or future effect on our financial condition , changes in financial condition , revenues or expenses , results of operations , liquidity , capital expenditures or capital resources that are material to investors . off balance sheet arrangements


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```capital resources and liquidity the company 's sources and ( uses ) of cash for the year ended june 30 , 2019 and 2018 are shown below : replace_table_token_1_th our projected capital requirements during the next 18 months are as follows : project estimated cost launch our skill-based video game tournaments for play on mobile devices $ 500,000 launch our skill-based video game tournaments for play on pcs and video game consoles $ 1,000,000 obtain online gaming license from , and establish operations in , malta $ 1,000,000 obtain online gaming license from , and establish operations in , an asian country to be selected by us . $ 500,000 market our online betting services $ 5,000,000 34 our auditor 's report on our june 30 , 2019 financial statements expresses an opinion that substantial doubt exists as to whether we can continue as an ongoing business . other than the foregoing , we do not know of any trends that have or are reasonably likely to have a current or future effect on our financial condition , changes in financial condition , revenues or expenses , results of operations , liquidity , capital expenditures or capital resources that are material to investors . off balance sheet arrangements
```    
 Suspicious Activity Report : total prize money in 2018 reached $ 150.8 million , an increase from 2017 's $ 112 million . the league of legends world championship was 2018 's biggest tournament by live viewership hours on twitch , with 53.8 million hours . it also produced $ 1.9 million in ticket revenues . the overwatch league was the most-watched league by live viewership hours on twitch , generating 79.5 million hours . forbes magazine projects fans of esports will wager $ 23 billion on professional esports events by 2020 and that in 2019 , $ 897.2 million in revenues , or 82 % of the total market , will come from brand investments ( media rights , advertising , and sponsorship ) . this will increase to $ 1.5 billion by 2022 , making up 87 % of total esports revenues . although official competitions have long been a part of video game culture , participation and spectatorship of such events have seen a global surge in popularity over the last few years with the rapid growth of online streaming over the last few years . the advent of online streaming technology has turned esports into a global industry that includes professional players and teams competing in major events that are simultaneously watched in person in stadiums ( which are often sold out ) , and by online viewers ( which regularly exceed 1,000,000 viewers for major tournaments ) . the impact has been so significant , that many video game developers now build features into their games designed to facilitate competition . going concern we have financed operations primarily through the sale of equity securities and short-term debt . until revenues are sufficient to meet our needs , we will continue to attempt to secure financing through equity or debt securities , including the sale of securities in this offering . we continue to incur negative cash flows from operating activities and net losses . we had minimal cash , negative working capital , and negative total equity as of june 30 , 2019 and june 30 , 2018. these factors , among others , raise substantial doubt about our ability to continue as a going concern . the financial statements included in this prospectus do not include any adjustments that might result from the outcome of this uncertainty . in order for us to eliminate substantial doubt about our ability to continue as a going concern , we must achieve profitability , generate positive cash flows from operating activities and obtain the necessary debt or equity funding to meet our projected capital investment requirements . our management 's plans with respect to this uncertainty consist of raising additional capital by issuing debt or equity securities and increasing the sales of our products and services . if we are successful in completing the offering , we believe the net proceeds of the offering together with anticipated growth of the business will be sufficient to eliminate substantial doubt about our ability to continue as a going concern . there can be no assurance , however , that we will be able to complete the offering , raise sufficient additional capital or that revenues will increase rapidly enough to offset operating losses . if we are unable to increase revenues or obtain additional financing , we will be unable to continue the development of our products and services and may have to cease operations . results of operations the following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and related notes included elsewhere in this report . material changes in line items in our statement of operations for the year ended june 30 , 2019 as compared to the same period last year , are discussed below . 33 year ended june 30 , 2019 compared to the year ended june 30 , 2018 revenue and expenses our operating expenses are classified into several categories : ● directors compensation ● consulting fees ● professional fees ● general and administrative expenses ● stock based compensation directors compensation is comprised of cash and stock option compensation paid to the directors of the company . these amounted to $ 55,000 for the year ended june 30 , 2019 , compared to 99,509 for the year ended june 30 , 2018. the decrease of $ 44,509 in director 's compensation during the year ended june 30 , 2019 is attributable primarily to the change of a board member to an executive officer during the year . consulting fees amounted to $ 790,105 for the year ended june 30 , 2019 , compared to $ 967,618 for the year ended june 30 , 2018. the decrease of $ 177,513 in consulting fees during the year ended june 30 , 2019 is attributable primarily to reduced fees of outside services to support the preparation of sec filings combined with the conversion of consultants to personnel . professional fees consist primarily of our contracted accounting , legal and audit fees . these amounted to $ 343,856 for the year ended june 30 , 2019 , compared to $ 211,971 for the year ended june 30 , 2018. the increase of $ 131,885 in professional fees during the year ended june 30 , 2019 is attributable primarily to increases in accounting and audit fees for preparation and review of our filings with the securities & exchange commission ( “ sec ” ) . general and administrative expenses refers to our salaries , occupancy costs , marketing costs , travel costs , office supplies , telephone expenses , bank charges , fees to process and file documents with the sec , stock transfer fees , investors relations costs , corporate filing fees with the state of nevada , and other administrative expenses . these amounted to $ 1,125,651 for the year ended june 30 , 2019 , compared to $ 696,543 for the year ended june 30 , 2018. story_separator_special_tag total prize money in 2018 reached $ 150.8 million , an increase from 2017 's $ 112 million . the league of legends world championship was 2018 's biggest tournament by live viewership hours on twitch , with 53.8 million hours . it also produced $ 1.9 million in ticket revenues . the overwatch league was the most-watched league by live viewership hours on twitch , generating 79.5 million hours . forbes magazine projects fans of esports will wager $ 23 billion on professional esports events by 2020 and that in 2019 , $ 897.2 million in revenues , or 82 % of the total market , will come from brand investments ( media rights , advertising , and sponsorship ) . this will increase to $ 1.5 billion by 2022 , making up 87 % of total esports revenues . although official competitions have long been a part of video game culture , participation and spectatorship of such events have seen a global surge in popularity over the last few years with the rapid growth of online streaming over the last few years . the advent of online streaming technology has turned esports into a global industry that includes professional players and teams competing in major events that are simultaneously watched in person in stadiums ( which are often sold out ) , and by online viewers ( which regularly exceed 1,000,000 viewers for major tournaments ) . the impact has been so significant , that many video game developers now build features into their games designed to facilitate competition . going concern we have financed operations primarily through the sale of equity securities and short-term debt . until revenues are sufficient to meet our needs , we will continue to attempt to secure financing through equity or debt securities , including the sale of securities in this offering . we continue to incur negative cash flows from operating activities and net losses . we had minimal cash , negative working capital , and negative total equity as of june 30 , 2019 and june 30 , 2018. these factors , among others , raise substantial doubt about our ability to continue as a going concern . the financial statements included in this prospectus do not include any adjustments that might result from the outcome of this uncertainty . in order for us to eliminate substantial doubt about our ability to continue as a going concern , we must achieve profitability , generate positive cash flows from operating activities and obtain the necessary debt or equity funding to meet our projected capital investment requirements . our management 's plans with respect to this uncertainty consist of raising additional capital by issuing debt or equity securities and increasing the sales of our products and services . if we are successful in completing the offering , we believe the net proceeds of the offering together with anticipated growth of the business will be sufficient to eliminate substantial doubt about our ability to continue as a going concern . there can be no assurance , however , that we will be able to complete the offering , raise sufficient additional capital or that revenues will increase rapidly enough to offset operating losses . if we are unable to increase revenues or obtain additional financing , we will be unable to continue the development of our products and services and may have to cease operations . results of operations the following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and related notes included elsewhere in this report . material changes in line items in our statement of operations for the year ended june 30 , 2019 as compared to the same period last year , are discussed below . 33 year ended june 30 , 2019 compared to the year ended june 30 , 2018 revenue and expenses our operating expenses are classified into several categories : ● directors compensation ● consulting fees ● professional fees ● general and administrative expenses ● stock based compensation directors compensation is comprised of cash and stock option compensation paid to the directors of the company . these amounted to $ 55,000 for the year ended june 30 , 2019 , compared to 99,509 for the year ended june 30 , 2018. the decrease of $ 44,509 in director 's compensation during the year ended june 30 , 2019 is attributable primarily to the change of a board member to an executive officer during the year . consulting fees amounted to $ 790,105 for the year ended june 30 , 2019 , compared to $ 967,618 for the year ended june 30 , 2018. the decrease of $ 177,513 in consulting fees during the year ended june 30 , 2019 is attributable primarily to reduced fees of outside services to support the preparation of sec filings combined with the conversion of consultants to personnel . professional fees consist primarily of our contracted accounting , legal and audit fees . these amounted to $ 343,856 for the year ended june 30 , 2019 , compared to $ 211,971 for the year ended june 30 , 2018. the increase of $ 131,885 in professional fees during the year ended june 30 , 2019 is attributable primarily to increases in accounting and audit fees for preparation and review of our filings with the securities & exchange commission ( “ sec ” ) . general and administrative expenses refers to our salaries , occupancy costs , marketing costs , travel costs , office supplies , telephone expenses , bank charges , fees to process and file documents with the sec , stock transfer fees , investors relations costs , corporate filing fees with the state of nevada , and other administrative expenses . these amounted to $ 1,125,651 for the year ended june 30 , 2019 , compared to $ 696,543 for the year ended june 30 , 2018.

