10-K
Annual Report
ALLIED GAMING & ENTERTAINMENT INC.
AGAE
NASDAQ
CIK: 1708341
File #: 001-38226
Balance Sheet
50 line items · 2 periods
XBRL
| Item | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|
Assets | ||
Current Assets | ||
Cash and cash equivalents | 16,320,583 | 11,167,442 |
Short-term investments | 56,500,000 | 70,000,000 |
Interest receivable | 792,223 | 677,397 |
Accounts receivable | 529,369 | 72,739 |
Deposits, current portion | 3,700,000 | — |
Prepaid expenses and other current assets | 498,886 | 459,274 |
Total Current Assets | 78,341,061 | 82,376,852 |
Restricted cash | 5,000,000 | 5,000,000 |
Property and equipment, net | 3,834,193 | 4,005,622 |
Digital assets | 49,300 | 49,761 |
Level 1 | 49,300 | 49,761 |
Intangible assets, net | 6,254,731 | 22,836 |
Deposits, non-current portion | 392,668 | 379,105 |
Operating lease right-of-use asset | 5,415,678 | 5,845,549 |
Goodwill | 12,729,056 | — |
Business Combination | 12,386,126 | — |
Other assets | — | 49,950 |
Total Assets | 112,016,687 | 97,729,675 |
Liabilities and Stockholders’ Equity | ||
Current Liabilities | ||
Accounts payable | 371,830 | 317,561 |
Accrued expenses and other current liabilities | 763,512 | 1,645,379 |
Deferred revenue | 103,748 | 108,428 |
Operating lease liability, current portion | 1,482,977 | 1,227,164 |
Operating Lease | 1,482,977 | — |
Loans payable | 9,230,168 | — |
Total Current Liabilities | 11,952,235 | 3,298,532 |
Operating lease liability, non-current portion | 5,560,251 | 6,527,075 |
Operating Lease | 5,560,251 | — |
Deferred tax liability | 1,096,160 | — |
Total Liabilities | 18,608,646 | 9,825,607 |
Stockholders’ Equity | ||
Common stock, $0.0001 par value; 100,000,000 shares authorized, 39,085,470 shares issued at December 31, 2023 and 2022, and 36,805,686 and 38,503,724 shares outstanding at December 31, 2023 and 2022, respectively | 3,909 | 3,909 |
Additional paid in capital | 198,677,132 | 198,526,614 |
Accumulated deficit | (113,671,029) | (110,235,568) |
Accumulated other comprehensive income | 433,565 | 219,675 |
Treasury stock, at cost, 2,279,784 and 581,746 shares at December 31, 2023 and 2022, respectively | 2,693,653 | 610,562 |
Total Allied Gaming & Entertainment Inc. Stockholders’ Equity | 82,749,924 | 87,904,068 |
Non-controlling interest | 10,658,117 | — |
Total Stockholders’ Equity | 93,408,041 | 87,904,068 |
Common Stock | 3,909 | 3,909 |
Treasury Stock | (2,693,653) | (610,562) |
Additional Paid-in Capital | 198,677,132 | 198,526,614 |
Accumulated Other Comprehensive Income | 433,565 | 219,675 |
Accumulated Deficit | (113,671,029) | (110,235,568) |
Allied Gaming & Entertainment Inc. Stockholders’ Equity | 82,749,924 | 87,904,068 |
Noncontrolling Interest | 10,658,117 | — |
Total Liabilities and Stockholders’ Equity | 112,016,687 | 97,729,675 |