10-Q
Quarterly Report
ALLIED GAMING & ENTERTAINMENT INC.
AGAE
NASDAQ
CIK: 1708341
File #: 001-38226
Balance Sheet
41 line items · 2 periods
XBRL
| Item | Sep 30, 2023 | Dec 31, 2022 |
|---|---|---|
Assets | ||
Current Assets | ||
Cash and cash equivalents | 10,435,990 | 11,167,442 |
Short-term investments | 59,950,000 | 70,000,000 |
Interest receivable | 2,058,576 | 677,397 |
Related Party | 3,500,000 | — |
Accounts receivable | 10,673 | 72,739 |
Prepaid expenses and other current assets | 470,390 | 459,274 |
Total Current Assets | 76,425,629 | 82,376,852 |
Restricted cash | 5,000,000 | 5,000,000 |
Property and equipment, net | 3,794,373 | 4,005,622 |
Digital assets | 49,300 | 49,761 |
Level 1 | 49,300 | 49,761 |
Intangible assets, net | 688,721 | 72,786 |
Deposits | 380,703 | 379,105 |
Operating lease right-of-use asset | 5,411,841 | 5,845,549 |
Total Assets | 91,750,567 | 97,729,675 |
Liabilities and Stockholders’ Equity | ||
Current Liabilities | ||
Accounts payable | 470,264 | 317,561 |
Accrued expenses and other current liabilities | 306,270 | 1,645,379 |
Deferred revenue | 357,677 | 108,428 |
Operating lease liability, current portion | 1,390,533 | 1,227,164 |
Operating Lease | — | 1,390,533 |
Total Current Liabilities | 2,524,744 | 3,298,532 |
Operating lease liability, non-current portion | 5,744,166 | 6,527,075 |
Operating Lease | — | 5,744,166 |
Total Liabilities | 8,268,910 | 9,825,607 |
Stockholders’ Equity | ||
Common stock, $0.0001 par value; 100,000,000 shares authorized, 39,085,470 shares issued at September 30, 2023 and December 31, 2022, and 36,842,663 and 38,503,724 shares outstanding at September 30, 2023 and December 31, 2022, respectively | 3,909 | 3,909 |
Additional paid in capital | 198,663,219 | 198,526,614 |
Accumulated deficit | (112,745,327) | (110,235,568) |
Accumulated other comprehensive income | 221,555 | 219,675 |
Treasury stock, at cost, 2,242,807 and 581,746 shares at September 30, 2023 and December 31, 2022, respectively | 2,661,699 | 610,562 |
Total Stockholders’ Equity | 83,481,657 | 87,904,068 |
Common Stock | 3,909 | 3,909 |
Treasury Stock | (2,661,699) | (610,562) |
Additional Paid-in Capital | 198,663,219 | 198,526,614 |
Accumulated Other Comprehensive Income | 221,555 | 219,675 |
Accumulated Deficit | (112,745,327) | (110,235,568) |
Total Liabilities and Stockholders’ Equity | 91,750,567 | 97,729,675 |