2022 Q4 Form 10-K Financial Statement

#000149315223008878 Filed on March 24, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021
Revenue $3.771M $10.32M $15.08M
YoY Change -54.15% -31.51% -20.86%
Cost Of Revenue $1.488M $4.960M $7.529M
YoY Change -69.59% -34.12% 14.15%
Gross Profit $2.283M $5.364M $7.546M
YoY Change -31.48% -28.92% -39.39%
Gross Profit Margin 60.55% 51.96% 50.06%
Selling, General & Admin $4.486M $19.94M $31.85M
YoY Change -27.23% -37.41% 311.67%
% of Gross Profit 196.49% 371.66% 422.11%
Research & Development $2.700M $10.42M $9.622M
YoY Change -23.68% 8.27% 106.95%
% of Gross Profit 118.27% 194.2% 127.5%
Depreciation & Amortization $486.5K $2.063M $1.785M
YoY Change -14.32% 15.54% 147.93%
% of Gross Profit 21.31% 38.45% 23.65%
Operating Expenses $7.280M $40.39M $41.76M
YoY Change -25.74% -3.27% 237.1%
Operating Profit -$4.997M -$35.03M -$34.21M
YoY Change -22.79% 2.39% -54341.47%
Interest Expense -$510.0K $1.148M $504.2K
YoY Change 165.05% 127.75% -29.73%
% of Operating Profit
Other Income/Expense, Net $846.1K -$665.8K -$44.77K
YoY Change -4636.89% 1387.26% -140.7%
Pretax Income -$4.849M -$36.84M -$33.70M
YoY Change -30.73% 9.3% 4856.58%
Income Tax
% Of Pretax Income
Net Earnings -$4.933M -$35.99M -$33.16M
YoY Change -29.64% 8.53% 1784.2%
Net Earnings / Revenue -130.82% -348.59% -219.97%
Basic Earnings Per Share -$30.73 -$29.15
Diluted Earnings Per Share -$4.21 -$30.73 -$1.779M
COMMON SHARES
Basic Shares Outstanding 1.171M shares
Diluted Shares Outstanding 1.171M shares

Balance Sheet

Concept 2022 Q4 2022 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $979.3K $979.3K $17.82M
YoY Change -94.5% -94.5% 346.61%
Cash & Equivalents $1.000M
Short-Term Investments
Other Short-Term Assets $1.048M $1.048M $1.175M
YoY Change -10.8% -10.8% 130.46%
Inventory
Prepaid Expenses
Receivables $1.809M $1.809M $5.490M
Other Receivables $206.5K $206.5K $137.6K
Total Short-Term Assets $4.043M $4.043M $24.62M
YoY Change -83.58% -83.58% 135.18%
LONG-TERM ASSETS
Property, Plant & Equipment $522.4K $1.494M $727.1K
YoY Change -28.15% 105.51% 354.43%
Goodwill
YoY Change
Intangibles $13.36M
YoY Change -34.78%
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets $14.85M $14.85M $26.08M
YoY Change -43.04% -43.04% 276.88%
TOTAL ASSETS
Total Short-Term Assets $4.043M $4.043M $24.62M
Total Long-Term Assets $14.85M $14.85M $26.08M
Total Assets $18.90M $18.90M $50.70M
YoY Change -62.73% -62.73% 191.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.372M $2.372M $1.785M
YoY Change 32.92% 32.92% 151.36%
Accrued Expenses $3.416M $3.485M $3.524M
YoY Change -3.06% -1.11% 12.96%
Deferred Revenue
YoY Change
Short-Term Debt $4.589M $4.589M $119.0K
YoY Change 3755.83% 3755.83% -98.9%
Long-Term Debt Due $380.5K $380.5K $0.00
YoY Change
Total Short-Term Liabilities $13.32M $13.32M $8.598M
YoY Change 54.93% 54.93% -42.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.055M $3.673M $4.123M
YoY Change -25.89% -10.92% 379.41%
Total Long-Term Liabilities $3.055M $3.673M $4.123M
YoY Change -25.89% -10.92% 379.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.32M $13.32M $8.598M
Total Long-Term Liabilities $3.055M $3.673M $4.123M
Total Liabilities $16.99M $17.36M $13.98M
YoY Change 33.59% 24.17% -24.08%
SHAREHOLDERS EQUITY
Retained Earnings -$74.00M
YoY Change 94.8%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.534M $1.534M $36.72M
YoY Change
Total Liabilities & Shareholders Equity $18.90M $18.90M $50.70M
YoY Change -62.73% -62.73% 191.57%

Cashflow Statement

Concept 2022 Q4 2022 2021
OPERATING ACTIVITIES
Net Income -$4.933M -$35.99M -$33.16M
YoY Change -29.64% 8.53% 1784.2%
Depreciation, Depletion And Amortization $486.5K $2.063M $1.785M
YoY Change -14.32% 15.54% 147.93%
Cash From Operating Activities -$2.596M -$19.50M -$20.94M
YoY Change -38.45% -6.88% -617.08%
INVESTING ACTIVITIES
Capital Expenditures $25.50K $292.4K -$982.2K
YoY Change -128.62% -129.77% 309.26%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$13.63M
YoY Change -100.0% 5580.09%
Cash From Investing Activities -$25.50K -$292.4K -$14.61M
YoY Change -71.38% -98.0% 2944.68%
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 624.0K $1.713M 49.49M
YoY Change 1082.21% -96.54% -3313.46%
NET CHANGE
Cash From Operating Activities -2.596M -$19.50M -20.94M
Cash From Investing Activities -25.50K -$292.4K -14.61M
Cash From Financing Activities 624.0K $1.713M 49.49M
Net Change In Cash -1.998M -$16.84M 13.93M
YoY Change -53.04% -220.88% 586.26%
FREE CASH FLOW
Cash From Operating Activities -$2.596M -$19.50M -$20.94M
Capital Expenditures $25.50K $292.4K -$982.2K
Free Cash Flow -$2.622M -$19.79M -$19.96M
YoY Change -36.51% -0.84% -565.25%

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CY2021 us-gaap Profit Loss
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CY2021 MSGM Stock Issued During Period Value Of Common Stock To Gaming Nation And Playfast
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CY2021 MSGM Stock Issued During Period Value Purchase Of Additional Interest
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CY2021 MSGM Adjustments To Additional Paid In Capital Purchase Of Business Minority Interest
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 MSGM Repayments Of Purchase Commitment Liabilities
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CY2021 us-gaap Payments To Minority Shareholders
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CY2022 MSGM Payment Of License Liabilities
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CY2021 MSGM Payment Of License Liabilities
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CY2022 MSGM Issuance Of Common Stock
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021 us-gaap Interest Paid Net
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CY2021 MSGM Reduction Of Additional Paidin Capital For Initial Public Offering Issuance Costs That Were Previously Paid
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<p id="xdx_849_eus-gaap--UseOfEstimates_zVPLG3o2f7ej" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"><span id="xdx_860_zVSIJFjZDnOf">Use of Estimates</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s significant estimates used in these consolidated financial statements include, but are not limited to, revenue recognition criteria, including allowances for returns and price protection, as well as current expected credit losses, valuation allowance of deferred income taxes, valuation of acquired companies and equity method investments, the recognition and disclosure of contingent liabilities, goodwill and intangible assets impairment testing, and stock-based compensation valuation. Certain of the Company’s estimates could be affected by external conditions, including those unique to the Company and general economic conditions. It is reasonably possible that these external factors could have an effect on the Company’s estimates and may cause actual results to differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <br/></span></p>
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2021 MSGM Sales Allowances And Price Protection Reserves
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CY2022 MSGM Sales Returns And Price Protection Reserves
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CY2021 MSGM Sales Returns And Price Protection Reserves
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us-gaap Revenues
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CY2021 us-gaap Depreciation
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2022Q4 MSGM Amortization On Nonamortizing Finitelived Intangible Assets
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3500000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2020Q4 us-gaap Goodwill Gross
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CY2020Q4 us-gaap Goodwill Gross
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CY2021 MSGM Goodwill Attributable To Le Mans Esports Series Ltd
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CY2021 MSGM Related Party Acquisition
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CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2021Q4 us-gaap Goodwill Gross
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CY2022 us-gaap Goodwill Impairment Loss
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CY2022 MSGM Foreign Currency Transaction Adjustment
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CY2022Q4 us-gaap Goodwill Gross
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4788270 usd
CY2022 us-gaap Goodwill Impairment Loss
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4800000 usd
CY2022 MSGM Carrying Value Of Goodwill
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CY2022 us-gaap Short Term Lease Cost
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145326 usd
CY2022 us-gaap Operating Lease Cost
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CY2022 us-gaap Lease Cost
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P3Y3M14D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022 MSGM Cash Paid For Amounts Included In Measurement Of Operating Lease Liabilities
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669226 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q4 us-gaap Accrued Liabilities Current
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3416424 usd
CY2021Q4 us-gaap Accrued Liabilities Current
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4048067 usd
CY2022Q4 us-gaap Line Of Credit
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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63.89
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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74285
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
153.25
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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343826 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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179028 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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72144 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
48975 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1076951 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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79125 usd
CY2022Q4 us-gaap Operating Lease Liability
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997826 usd
CY2022Q1 us-gaap Lessee Finance Lease Description
LesseeFinanceLeaseDescription
The term of this new lease was 5 years, which commenced April 1, 2022 and was scheduled to expire on March 31, 2027, terminable upon 60-days’ written notice, by either party, with no penalty. Concurrently with entering into the New Lemon City Lease, a previous lease agreement for office space in Miami, Florida between 704Games LLC and Lemon City Group, LLC was terminated without penalty.
CY2022 us-gaap Payments For Rent
PaymentsForRent
22000 usd
CY2022Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2022Q4 MSGM Payments For Rent Per Month
PaymentsForRentPerMonth
4897 usd
CY2022Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
274085 usd
CY2021Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
1694011 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
693803 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
80909 usd
CY2022Q4 MSGM Accrued Consulting Fees Current
AccruedConsultingFeesCurrent
26667 usd
CY2021Q4 MSGM Accrued Consulting Fees Current
AccruedConsultingFeesCurrent
106006 usd
CY2022Q4 MSGM Accrued Development Costs Current
AccruedDevelopmentCostsCurrent
172164 usd
CY2021Q4 MSGM Accrued Development Costs Current
AccruedDevelopmentCostsCurrent
968007 usd
CY2022Q4 MSGM Accrued Esport Prize Money
AccruedEsportPrizeMoney
125202 usd
CY2021Q4 MSGM Accrued Esport Prize Money
AccruedEsportPrizeMoney
168959 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
149842 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
31491 usd
CY2022Q4 MSGM Accrued Payroll
AccruedPayroll
372358 usd
CY2021Q4 MSGM Accrued Payroll
AccruedPayroll
235224 usd
CY2022Q4 MSGM Deferred Revenue Accrued
DeferredRevenueAccrued
311945 usd
CY2021Q4 MSGM Deferred Revenue Accrued
DeferredRevenueAccrued
523796 usd
CY2022Q4 MSGM Loss Contingency Reserves Accured
LossContingencyReservesAccured
1100000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
190358 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
239664 usd
CY2022 us-gaap Deconsolidation Related Party Description
DeconsolidationRelatedPartyDescription
(i) the Company enters into a new financing arrangement (whether debt, equity or otherwise) under which the Company is then able to draw or provides the Company with available cash in excess of amounts required in the Company’s reasonable judgment to run its operations in the ordinary course of business; (ii) the Company generates from operations available cash in excess of amounts required in the Company’s reasonable judgment to run its operations in the ordinary course of business; or (iii) the Company’s independent auditors issue an unqualified opinion on its financial statements and the Company’s repayment of the advances, in whole or in part, would not otherwise cause the independent auditor to issue a going concern qualified opinion. Upon the occurrence of any of the foregoing events, the Company shall prepay on such date principal amount of the September 2022 Cash Advance and other advances under the $12 million Line of Credit then outstanding in an amount equal to such available excess cash or, in the case of (iii) above, the amount that would not cause the Company’s independent auditor to issue a going concern qualified opinion, together with interest accrued but unpaid on the unpaid September 2022 Cash Advance and other advances, which repayment obligation shall continue until all such advances under the $12 million Line of Credit are paid in full. The entire aggregate principal amount of the September 2022 Cash Advance and the other advances under the $12 million Line of Credit, together with interest accrued but unpaid thereon, shall also become immediately and automatically due and payable, and the $12 million Line of Credit shall immediately and automatically terminate, in each case without any action required by Motorsport Network, if (i) the Company experience an event of default under any other debt instrument, agreement or arrangement; or (ii) any final judgment or final judgments for the payment of money in excess (net of amounts covered by third-party insurance with insurance carriers who have not disclaimed liability with respect to such judgment or judgments) of $500,000 or its foreign currency equivalent is entered against the Company or any subsidiary and is not discharged and either (a) an enforcement proceeding has been commenced by any creditor upon such judgment or decree or (b) there is a period of 60 days following the entry of such judgment or decree during which such judgment or decree is not discharged, waived or the execution thereof stayed and, in the case of (b), such default continues for 60 consecutive days
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
90000 usd
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
25000 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
12000000 usd
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
12000000 usd
CY2022 MSGM Payment To Related Parties
PaymentToRelatedParties
200000 usd
CY2021 MSGM Payment To Related Parties
PaymentToRelatedParties
300000 usd
CY2022Q4 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
Company amended its certificate of incorporation to effectuate a reverse stock split of the Company’s issued and outstanding shares of Class A common stock and Class B common stock at a ratio of 1-for-10.
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.60 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.60 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
64.29
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
96.43
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
57357 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
203.50
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
2297 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
200.00
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
55060
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
203.60
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y1M20D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
55060 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
203.60
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P9Y1M20D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
20543 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
200.40
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P9Y14D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
55060 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
203.60
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
61646 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
46.78
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
42421 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y5M8D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
74285 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
153.25
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y5M8D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
31440 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
201.55
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y1M20D
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
714523 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
9726662 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
756317 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P2Y
CY2022 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
1100000 usd
CY2021 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
0 usd
CY2022 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
1100000 usd
CY2022Q4 us-gaap Other Commitment
OtherCommitment
28300000 usd
CY2022 us-gaap Royalty Expense
RoyaltyExpense
2500000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
11151879 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
5756658 usd
CY2022Q4 MSGM Deferred Tax Assets Bad Debt
DeferredTaxAssetsBadDebt
1026632 usd
CY2021Q4 MSGM Deferred Tax Assets Bad Debt
DeferredTaxAssetsBadDebt
1312332 usd
CY2022Q4 MSGM Deferred Tax Expense From Stock Options
DeferredTaxExpenseFromStockOptions
747561 usd
CY2021Q4 MSGM Deferred Tax Expense From Stock Options
DeferredTaxExpenseFromStockOptions
684238 usd
CY2022Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
18841 usd
CY2021Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
17032 usd
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
1175796 usd
CY2021Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
11268 usd
CY2022Q4 MSGM Deferred Tax Assets Unrealized Gain
DeferredTaxAssetsUnrealizedGain
254844 usd
CY2022Q4 MSGM Deferred Tax Assets Other Intangible Assets
DeferredTaxAssetsOtherIntangibleAssets
1067565 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
33869 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
44667 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
15476987 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7826195 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
19669 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
21135 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
590692 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
19669 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
611827 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
15457318 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
7214368 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
15457318 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7214368 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0450 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0550 pure
CY2022 MSGM Effective Income Tax Rate Reconciliation Initial Public Offering Acquisition Costs
EffectiveIncomeTaxRateReconciliationInitialPublicOfferingAcquisitionCosts
0.0000 pure
CY2021 MSGM Effective Income Tax Rate Reconciliation Initial Public Offering Acquisition Costs
EffectiveIncomeTaxRateReconciliationInitialPublicOfferingAcquisitionCosts
0.0699 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.0018 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.0175 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.2255 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.1754 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0277 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0021 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0000 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0000 pure
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10324559 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15075530 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
4960317 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
7529155 usd
CY2022 us-gaap Gross Profit
GrossProfit
5364242 usd
CY2021 us-gaap Gross Profit
GrossProfit
7546375 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-35026404 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-34526658 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
420137 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
280192 usd
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1148204 usd
CY2021 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-504156 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1370837 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-665846 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-44768 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-36840454 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-33704745 usd
CY2022Q4 us-gaap Assets
Assets
18897792 usd
CY2021Q4 us-gaap Assets
Assets
50703203 usd

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