v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 33,303,635 $ 16,320,583
Short-term investments 54,800,000 56,500,000
Interest receivable 2,095,405 792,223
Accounts receivable 377,589 529,369
Deposits, current portion 3,700,000 3,700,000
Prepaid expenses and other current assets 457,645 498,886
Total Current Assets 94,734,274 78,341,061
Restricted cash 5,000,000 5,000,000
Property and equipment, net 3,378,118 3,834,193
Digital assets 49,300 49,300
Intangible assets, net 5,801,239 6,254,731
Deposits, non-current portion 376,678 392,668
Operating lease right-of-use asset 4,944,215 5,415,678
Goodwill 12,413,826 12,729,056
Total Assets 126,697,650 112,016,687
Current Liabilities    
Accounts payable 1,138,571 371,830
Accrued expenses and other current liabilities 857,175 763,512
Deferred revenue 350,265 103,748
Operating lease liability, current portion 1,545,350 1,482,977
Loans payable 29,076,365 9,230,168
Total Current Liabilities 32,967,726 11,952,235
Operating lease liability, non-current portion 4,816,517 5,560,251
Deferred tax liability 1,069,014 1,096,160
Total Liabilities 38,853,257 18,608,646
Commitments and Contingencies (Note 9)
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized, none issued and outstanding
Series A Preferred stock, $0.0001 par value, 50,000 shares designated, none issued and outstanding
Common stock, $0.0001 par value; 100,000,000 shares authorized, 40,465,097 and 39,085,470 shares issued at June 30, 2024 and December 31, 2023, and 38,185,313 and 36,805,686 shares outstanding at June 30, 2024 and December 31, 2023, respectively 4,047 3,909
Additional paid in capital 199,266,718 198,677,132
Accumulated deficit (119,173,397) (113,671,029)
Accumulated other comprehensive income 257,222 433,565
Treasury stock, at cost, 2,279,784 shares at June 30, 2024 and December 31, 2023 (2,693,653) (2,693,653)
Total Allied Gaming & Entertainment Inc. Stockholders’ Equity 77,660,937 82,749,924
Non-controlling interest 10,183,456 10,658,117
Total Stockholders’ Equity 87,844,393 93,408,041
Total Liabilities and Stockholders’ Equity $ 126,697,650 $ 112,016,687

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