v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 10,992,235 $ 16,320,583
Short-term investments 66,739,322 56,500,000
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
Commitments and Contingencies (Note 8)
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized, 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, 40,385,798 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
Total Liabilities and Stockholders’ Equity $ 129,827,256 $ 112,016,687

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