10-Q
Quarterly Report
ALLIED GAMING & ENTERTAINMENT INC.
AGAE
NASDAQ
CIK: 1708341
File #: 001-38226
Balance Sheet
70 line items · 2 periods
XBRL
| Item | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
Current Assets | ||
Cash and cash equivalents | 15,447,131 | 59,242,802 |
Short-term investments (at fair value, except for $0.0 and $8.8 million at September 30, 2025 and December 31, 2024, respectively) | 38,347,847 | 8,800,000 |
Marketable securities | 2,155,326 | 3,483,211 |
Level 1 - Fair Value, Recurring | 2,155,326 | 3,483,211 |
Fair Value, Recurring | 2,155,326 | 3,483,211 |
Marketable Securities | 2,155,326 | 3,483,211 |
Interest receivable | 1,162,334 | 709,539 |
Accounts receivable | 263,836 | 708,804 |
Loans receivable | 24,422,144 | 17,629,915 |
Loans Receivable | 24,422,144 | 17,629,915 |
Deposits, current portion | — | 3,700,000 |
Prepaid expenses and other current assets | 1,271,680 | 471,361 |
Total Current Assets | 83,070,298 | 94,745,632 |
Property and equipment, net | 2,445,178 | 3,000,082 |
E-sports | 2,377,005 | 2,970,762 |
Casual mobile gaming | 14,084 | 20,232 |
Corporate | 53,665 | 9,088 |
Segment Revenues | 2,444,754 | 3,000,082 |
Digital assets | 356,017 | 49,300 |
Level 1 - Fair Value, Recurring | 356,017 | — |
Fair Value, Recurring | 356,017 | — |
Digital Assets | 356,017 | 49,300 |
Intangible assets, net | 4,784,574 | 5,115,686 |
Land use rights, net | 3,936,987 | — |
Deposits, non-current portion | 2,794,787 | 2,614,462 |
COFCO Agreement | 2,400,000 | — |
Operating lease right-of-use asset | 3,461,846 | 4,365,718 |
Investment in unconsolidated affiliate | 3,051,300 | — |
Goodwill | 2,866,596 | 2,796,379 |
Total Assets | 106,767,583 | 112,687,259 |
E-sports | 9,672,644 | 8,919,333 |
Casual mobile gaming | 7,811,448 | 8,143,525 |
Concerts | 71,754 | 7,373,683 |
Corporate | 89,211,737 | 88,250,718 |
Segment Revenues | 106,767,583 | 112,687,259 |
United States | 11,528,294 | 25,191,733 |
China | 95,239,289 | 87,495,526 |
Current Liabilities | ||
Accounts payable | 7,053,442 | 1,322,140 |
Accrued expenses and other current liabilities | 2,278,651 | 1,151,407 |
Deferred revenue | 302,429 | 656,382 |
Operating lease liability, current portion | 1,655,533 | 1,591,475 |
Loans payable | 35,141,453 | 25,756,757 |
January 31, 2025 (Loan C) | 6,412,088 | — |
March 11, 2025 (Loan E) | 2,264,751 | — |
March 28, 2025 (Loan F) | 11,022,823 | — |
July 21, 2025 (Loan I) | 4,603,658 | — |
September 30, 2025 (Loan J) | 10,838,134 | — |
Total Current Liabilities | 46,431,508 | 30,478,161 |
Operating lease liability, non-current portion | 2,763,687 | 4,008,473 |
Deferred tax liability | 670,743 | 670,743 |
Total Liabilities | 49,865,938 | 35,157,377 |
Stockholders’ Equity | ||
Common stock, $0.0001 par value; 100,000,000 shares authorized, 40,294,728 and 46,385,798 shares issued at September 30, 2025 and December 31, 2024, and 38,014,430 and 44,105,500 shares outstanding at September 30, 2025 and December 31, 2024, respectively | 4,029 | 4,639 |
Additional paid in capital | 199,996,860 | 205,948,565 |
Accumulated deficit | (145,347,733) | (130,428,314) |
Accumulated other comprehensive income | 422,555 | 180,002 |
Treasury stock, at cost, 2,280,298 shares at September 30, 2025 and December 31, 2024, respectively | 2,694,075 | 2,694,075 |
Total Allied Gaming & Entertainment Inc. Stockholders’ Equity | 52,381,636 | 73,010,817 |
Non-controlling interest | 4,520,009 | 4,519,065 |
Total Stockholders’ Equity | 56,901,645 | 77,529,882 |
Common Stock | 4,029 | 4,639 |
Treasury Stock | (2,694,075) | (2,694,075) |
Additional Paid-in Capital | 199,996,860 | 205,948,565 |
Accumulated Other Comprehensive Income | 422,555 | 180,002 |
Accumulated Deficit | (145,347,733) | (130,428,314) |
Allied Gaming & Entertainment Inc. Stockholders’ Equity | 52,381,636 | 73,010,817 |
Non-Controlling Interest | 4,520,009 | 4,519,065 |
Total Liabilities and Stockholders’ Equity | 106,767,583 | 112,687,259 |