v3.24.1.1.u2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
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
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
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
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
Deferred tax liability 1,075,620 1,096,160
Total Liabilities 23,383,929 18,608,646
Commitments and Contingencies
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, 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
Total Liabilities and Stockholders’ Equity $ 117,015,606 $ 112,016,687

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