2022 Q1 Form 10-Q Financial Statement
#000149315222013806 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $3.322M | $2.470M |
| YoY Change | 34.49% | -23.53% |
| Cost Of Revenue | $2.014M | $781.8K |
| YoY Change | 157.58% | -26.93% |
| Gross Profit | $1.308M | $1.690M |
| YoY Change | -22.6% | -22.12% |
| Gross Profit Margin | 39.38% | 68.42% |
| Selling, General & Admin | $5.112M | $15.79M |
| YoY Change | -67.63% | 1087.22% |
| % of Gross Profit | 390.8% | 934.32% |
| Research & Development | $2.404M | $1.250M |
| YoY Change | 92.29% | 33.02% |
| % of Gross Profit | 183.82% | 73.99% |
| Depreciation & Amortization | $577.5K | $140.0K |
| YoY Change | 312.51% | 7.69% |
| % of Gross Profit | 44.15% | 8.28% |
| Operating Expenses | $2.404M | $1.250M |
| YoY Change | 92.29% | -45.16% |
| Operating Profit | -$1.096M | $439.6K |
| YoY Change | -349.38% | -499.67% |
| Interest Expense | $201.6K | $119.5K |
| YoY Change | 68.64% | -270.77% |
| % of Operating Profit | 27.19% | |
| Other Income/Expense, Net | -$162.1K | $40.00K |
| YoY Change | -505.25% | -500.0% |
| Pretax Income | -$15.97M | -$14.09M |
| YoY Change | 13.32% | 6945.0% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$15.97M | -$14.09M |
| YoY Change | 13.36% | 5768.93% |
| Net Earnings / Revenue | -480.68% | -570.26% |
| Basic Earnings Per Share | -$12.97 | |
| Diluted Earnings Per Share | -$810.6K | -$776.7K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $12.37M | $49.78M |
| YoY Change | -75.16% | |
| Cash & Equivalents | $12.37M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.708M | $860.0K |
| YoY Change | 98.64% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $2.754M | $5.570M |
| Other Receivables | $39.24K | $0.00 |
| Total Short-Term Assets | $16.87M | $56.21M |
| YoY Change | -69.99% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.404M | $220.0K |
| YoY Change | 538.32% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $0.00 | |
| YoY Change | ||
| Total Long-Term Assets | $16.71M | $9.740M |
| YoY Change | 71.59% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $16.87M | $56.21M |
| Total Long-Term Assets | $16.71M | $9.740M |
| Total Assets | $33.58M | $65.95M |
| YoY Change | -49.08% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $592.7K | $420.0K |
| YoY Change | 41.11% | |
| Accrued Expenses | $2.781M | $2.440M |
| YoY Change | 13.98% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $117.2K | $960.0K |
| YoY Change | -87.8% | |
| Long-Term Debt Due | $210.0K | |
| YoY Change | ||
| Total Short-Term Liabilities | $6.768M | $3.810M |
| YoY Change | 77.64% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $4.630M | $910.0K |
| YoY Change | 408.81% | |
| Total Long-Term Liabilities | $4.630M | $910.0K |
| YoY Change | 408.81% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $6.768M | $3.810M |
| Total Long-Term Liabilities | $4.630M | $910.0K |
| Total Liabilities | $11.77M | $8.680M |
| YoY Change | 35.62% | |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $21.81M | $57.28M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $33.58M | $65.95M |
| YoY Change | -49.08% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$15.97M | -$14.09M |
| YoY Change | 13.36% | 5768.93% |
| Depreciation, Depletion And Amortization | $577.5K | $140.0K |
| YoY Change | 312.51% | 7.69% |
| Cash From Operating Activities | -$5.589M | -$6.830M |
| YoY Change | -18.17% | -1277.59% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$101.0K | -$110.0K |
| YoY Change | -8.18% | -466.67% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | -$850.0K |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$101.0K | -$960.0K |
| YoY Change | -89.48% | 3100.0% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 148.2K | 53.63M |
| YoY Change | -99.72% | -134175.0% |
| NET CHANGE | ||
| Cash From Operating Activities | -5.589M | -6.830M |
| Cash From Investing Activities | -101.0K | -960.0K |
| Cash From Financing Activities | 148.2K | 53.63M |
| Net Change In Cash | -5.542M | 45.84M |
| YoY Change | -112.09% | 8888.24% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$5.589M | -$6.830M |
| Capital Expenditures | -$101.0K | -$110.0K |
| Free Cash Flow | -$5.488M | -$6.720M |
| YoY Change | -18.33% | -1321.82% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
USD | |
| CY2021Q1 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
USD | |
| CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
USD | |
| CY2021Q1 | MSGM |
Conversion Of Membership Interests Into Shares Of Common Stock
ConversionOfMembershipInterestsIntoSharesOfCommonStock
|
USD | |
| CY2021Q1 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
USD | |
| CY2021Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
USD | |
| CY2021Q1 | us-gaap |
Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
|
USD | |
| CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
USD | |
| CY2021Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
USD | |
| CY2022Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
USD | |
| CY2022Q1 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
USD | |
| CY2022Q1 | MSGM |
Payments To Acquire Investments One
PaymentsToAcquireInvestmentsOne
|
USD | |
| CY2022Q1 | MSGM |
Purchase Commitments Liability
PurchaseCommitmentsLiability
|
USD | |
| CY2022Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
USD | |
| CY2022Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | |
| CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2022Q1 | MSGM |
Purchase Of Additional Interest
PurchaseOfAdditionalInterest
|
USD | |
| CY2022Q1 | MSGM |
Reduction Of Additional Paidin Capital For Initial Public Offering Issuance Costs That Were Previously Paid
ReductionOfAdditionalPaidinCapitalForInitialPublicOfferingIssuanceCostsThatWerePreviouslyPaid
|
USD | |
| CY2022Q1 | us-gaap |
Goodwill
Goodwill
|
USD | |
| CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
USD | |
| CY2022Q1 | MSGM |
Accrued Esport Prize Money
AccruedEsportPrizeMoney
|
USD | |
| CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
USD | |
| CY2022Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
2013806 | USD |
| CY2021Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
781808 | USD |
| CY2022Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2404338 | USD |
| CY2021Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1250362 | USD |
| CY2022Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3423153 | USD |
| CY2021Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
14764038 | USD |
