10-Q
Quarterly Report
ALLIED GAMING & ENTERTAINMENT INC.
AGAE
NASDAQ
CIK: 1708341
File #: 001-38226
Balance Sheet
51 line items · 2 periods
XBRL
| Item | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Current Assets | ||
Cash and cash equivalents | 7,300,965 | 16,320,583 |
Short-term investments | 69,642,386 | 56,500,000 |
Interest receivable | 1,319,578 | 792,223 |
Accounts receivable | 477,790 | 529,369 |
Loan receivable | 1,340,149 | — |
Deposits, current portion | 3,700,000 | 3,700,000 |
Prepaid expenses and other current assets | 550,572 | 498,886 |
Total Current Assets | 84,331,440 | 78,341,061 |
Restricted cash | 5,000,000 | 5,000,000 |
Property and equipment, net | 3,608,688 | 3,834,193 |
Digital assets | 49,300 | 49,300 |
Level 1 | 49,300 | 49,300 |
Intangible assets, net | 6,009,070 | 6,254,731 |
Deposits, non-current portion | 385,524 | 392,668 |
Operating lease right-of-use asset | 5,141,048 | 5,415,678 |
Goodwill | 12,490,536 | 12,729,056 |
Total Assets | 117,015,606 | 112,016,687 |
Liabilities and Stockholders’ Equity | ||
Current Liabilities | ||
Accounts payable | 172,975 | 371,830 |
Accrued expenses and other current liabilities | 496,992 | 763,512 |
Deferred revenue | 105,650 | 103,748 |
Operating lease liability, current portion | 1,484,332 | 1,482,977 |
Operating Lease | 1,484,332 | — |
Loans payable | 14,856,822 | 9,230,168 |
Total Current Liabilities | 17,116,771 | 11,952,235 |
Operating lease liability, non-current portion | 5,191,538 | 5,560,251 |
Operating Lease | 5,191,538 | — |
Deferred tax liability | 1,075,620 | 1,096,160 |
Total Liabilities | 23,383,929 | 18,608,646 |
Stockholders’ Equity | ||
Common stock, $0.0001 par value; 100,000,000 shares authorized, 47,795,097 and 39,085,470 shares issued at March 31, 2024 and December 31, 2023, and 45,515,313 and 36,805,686 shares outstanding at March 31, 2024 and December 31, 2023, respectively | 4,780 | 3,909 |
Additional paid in capital | 205,660,677 | 198,677,132 |
Accumulated deficit | (115,370,139) | (113,671,029) |
Accumulated other comprehensive income | 299,880 | 433,565 |
Stock subscription receivable | 4,597,000 | — |
Treasury stock, at cost, 2,279,784 shares at March 31, 2024 and December 31, 2023 | 2,693,653 | 2,693,653 |
Total Allied Gaming & Entertainment Inc. Stockholders’ Equity | 83,304,545 | 82,749,924 |
Non-controlling interest | 10,327,132 | 10,658,117 |
Total Stockholders’ Equity | 93,631,677 | 93,408,041 |
Common Stock | 4,780 | 3,909 |
Treasury Stock | (2,693,653) | (2,693,653) |
Additional Paid-in Capital | 205,660,677 | 198,677,132 |
Subscription Receivable | (4,597,000) | — |
Accumulated Other Comprehensive Income | 299,880 | 433,565 |
Accumulated Deficit | (115,370,139) | (113,671,029) |
Allied Gaming & Entertainment Inc. Stockholders’ Equity | 83,304,545 | 82,749,924 |
Non- Controlling Interest | 10,327,132 | 10,658,117 |
Total Liabilities and Stockholders’ Equity | 117,015,606 | 112,016,687 |