10-Q
Quarterly Report
ALLIED GAMING & ENTERTAINMENT INC.
AGAE
NASDAQ
CIK: 1708341
File #: 001-38226
Balance Sheet
49 line items · 2 periods
XBRL
| Item | Sep 30, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Current Assets | ||
Cash and cash equivalents | 10,992,235 | 16,320,583 |
Short-term investments | 66,739,322 | 56,500,000 |
Certificates of Deposit | 41,300,000 | 56,500,000 |
Fixed Rate Deposits | 15,000,000 | — |
Equity Linked Notes | 10,439,321 | — |
Interest receivable | 2,432,372 | 792,223 |
Accounts receivable | 297,025 | 529,369 |
Insurance recovery receivable | 3,700,000 | — |
Loans receivable | 14,429,317 | — |
Deposits, current portion | 3,700,000 | 3,700,000 |
Prepaid expenses and other current assets | 515,430 | 498,886 |
Total Current Assets | 102,805,701 | 78,341,061 |
Restricted cash | — | 5,000,000 |
Property and equipment, net | 3,189,350 | 3,834,193 |
Digital assets | 49,300 | 49,300 |
Intangible assets, net | 5,875,048 | 6,254,731 |
Deposits, non-current portion | 376,324 | 392,668 |
Operating lease right-of-use asset | 4,668,461 | 5,415,678 |
Goodwill | 12,863,072 | 12,729,056 |
Total Assets | 129,827,256 | 112,016,687 |
Current Liabilities | ||
Accounts payable | 365,509 | 371,830 |
Accrued expenses and other current liabilities | 453,901 | 763,512 |
Deferred revenue | 413,238 | 103,748 |
Operating lease liability, current portion | 1,550,004 | 1,482,977 |
Loans payable | 37,256,831 | 9,230,168 |
Total Current Liabilities | 40,039,483 | 11,952,235 |
Operating lease liability, non-current portion | 4,443,362 | 5,560,251 |
Deferred tax liability | 774,839 | 1,096,160 |
Total Liabilities | 45,257,684 | 18,608,646 |
Stockholders’ Equity | ||
Common stock, $0.0001 par value; 100,000,000 shares authorized, 40,385,798 and 39,085,470 shares issued at September 30, 2024 and December 31, 2023, and 38,106,014 and 36,805,686 shares outstanding at September 30, 2024 and December 31, 2023, respectively | 4,039 | 3,909 |
Additional paid in capital | 199,401,299 | 198,677,132 |
Accumulated deficit | (123,201,338) | (113,671,029) |
Accumulated other comprehensive income | 504,914 | 433,565 |
Treasury stock, at cost, 2,279,784 shares at September 30, 2024 and December 31, 2023 | 2,693,653 | 2,693,653 |
Total Allied Gaming & Entertainment Inc. Stockholders’ Equity | 74,015,261 | 82,749,924 |
Non-controlling interest | 10,554,311 | 10,658,117 |
Total Stockholders’ Equity | 84,569,572 | 93,408,041 |
Common Stock | 4,039 | 3,909 |
Treasury Stock | (2,693,653) | (2,693,653) |
Additional Paid-in Capital | 199,401,299 | 198,677,132 |
Accumulated Other Comprehensive Income | 504,914 | 433,565 |
Accumulated Deficit | (123,201,338) | (113,671,029) |
Allied Gaming & Entertainment Inc. Stockholders’ Equity | 74,015,261 | 82,749,924 |
Non- Controlling Interest | 10,554,311 | 10,658,117 |
Total Liabilities and Stockholders’ Equity | 129,827,256 | 112,016,687 |