XML 46 R35.htm IDEA: XBRL DOCUMENT v3.25.3

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Significant Segment Revenues and Expenses

The Company’s significant segment revenues and expenses for the three and nine months ended September 30, 2025 and 2024 are as follows:

		For the Three Months Ended
		September 30,
		2025																				2024
		E-sports				Casual Mobile Gaming				Concerts				Corporate				Total				E-sports				Casual Mobile Gaming				Concerts				Corporate				Total
Revenue
In-person		$	1,008,983			$	-			$	-			$	-			$	1,008,983			$	1,345,484			$	-			$	-			$	-			$	1,345,484
Multiplatform content			67				-				-				-				67				71				-				-				-				71
Casual mobile gaming			-				837,862				-				-				837,862				-				817,986				-				-				817,986
Total Revenue			1,009,050				837,862				-				-				1,846,912				1,345,555				817,986				-				-				2,163,541
Costs and Expenses
In-person (excludes depreciation)			613,711				-				-				-				613,711				682,652				-				-				-				682,652
Casual mobile gaming (excludes depreciation)			-				732,802				-				-				732,802				-				700,918				-				-				700,918
Professional fees			15,677				23,508				-				4,523,671				4,562,856				61,180				144,236				15,176				(522,228	)			(301,636	)
Salaries and benefits			703,347				98,486				14,812				434,699				1,251,344				588,620				-				-				393,395				982,015
Selling and marketing expense			7,916				-				-				71,073				78,989				6,544				-				-				83,968				90,512
Other expenses [1]			232,321				54,820				2,045				1,016,513				1,305,699				264,392				17,400				1,637				120,619				404,048
Depreciation and amortization			220,139				144,938				-				35,475				400,552				223,370				149,478				-				30,676				403,524
Stock based compensation			-				-				-				115,228				115,228				-				-				-				237,147				237,147
Research and development expense			-				13,261				-				106,888				120,149				(13,228	)			158,162				-				-				144,934
Total Expense			1,793,111				1,067,815				16,587				6,303,547				9,181,330				1,813,530				1,170,194				16,813				343,577				3,344,114
Segment loss			(784,061	)			(229,953	)			(16,857	)			(6,303,547	)			(7,334,418	)			(467,975	)			(352,208	)			(16,813	)			(343,577	)			(1,180,573	)
All other segment items (2)			52,510				89				27				1,882,808				1,935,434				(590	)			1,152,812				19,092				(4,352,225	)			(3,180,911	)
Consolidated pre-tax net loss		$	(731,551	)		$	(229,864	)		$	(16,830	)		$	(4,420,739	)		$	(5,398,984	)		$	(468,565	)		$	800,604			$	2,279			$	(4,695,802	)		$	(4,361,484	)

		For the Nine Months Ended
		September 30,
		2025																				2024
		E-sports				Casual Mobile Gaming				Concerts				Corporate				Total				E-sports				Casual Mobile Gaming				Concerts				Corporate				Total
Revenue
In-person		$	3,826,733			$	-			$	-			$	-			$	3,826,733			$	3,518,044			$	-			$	-			$	-			$	3,518,044
Multiplatform content			204				-				-				-				204				182				-				-				-				182
Casual mobile gaming			-				2,214,593				-				-				2,214,593				-				3,664,244				-				-				3,664,244
Total Revenue			3,826,937				2,214,593				-				-				6,041,530				3,518,226				3,664,244				-				-				7,182,470
Costs and Expenses
In-person (excludes depreciation)			2,091,982				-				-				-				2,091,982				1,820,818				-				-				-				1,820,818
Casual mobile gaming (excludes depreciation)			-				2,051,374				-				-				2,051,374				-				3,198,988				-				-				3,198,988
Professional fees			195,437				89,942				-				12,268,146				12,553,525				220,665				332,259				81,267				3,897,691				4,531,882
Salaries and benefits			1,901,893				274,886				27,792				1,147,751				3,352,322				1,784,245				-				-				862,675				2,646,920
Selling and marketing expense			24,479				-				2,500				173,668				200,647				10,755				-				-				187,806				198,561
Other expenses [1]			745,055				61,187				6,410				1,591,691				2,404,343				726,156				37,502				71,965				487,576				1,323,199
Depreciation and amortization			659,923				443,571				-				73,518				1,177,012				689,509				402,052				-				92,131				1,183,692
Stock based compensation			-				-				-				494,426				494,426				-				-				-				897,827				897,827
Research and development expense			-				71,837				-				322,081				393,918				-				526,906				-				-				526,906
Total Expense			5,618,769				2,992,797				36,702				16,071,281				24,719,549				5,252,148				4,497,707				153,232				6,425,706				16,328,793
Segment loss			(1,791,832	)			(778,204	)			(36,702	)			(16,071,281	)			(18,678,019	)			(1,733,922	)			(833,463	)			(153,232	)			(6,425,706	)			(9,146,323	)
All other segment items (2)			16,746				14,900				(121,710	)			3,635,245				3,545,181				1,172				1,505,487				74,578				(2,508,800	)			(927,563	)
Consolidated pre-tax net loss		$	(1,775,086	)		$	(763,304	)		$	(158,412	)		$	(12,436,036	)		$	(15,132,838	)		$	(1,732,750	)		$	672,024			$	(78,654	)		$	(8,934,506	)		$	(10,073,886	)

The Company’s significant segment assets as of September 30, 2025 and December 31, 2024 are as follows:

		As of September 30, 2025																				As of December 31, 2024
		E-sports				Casual Mobile Gaming				Concerts				Corporate				Total				E-sports				Casual Mobile Gaming				Concerts				Corporate				Total
Total assets for reportable segments:
Goodwill and intangible assets, net		$	-			$	7,470,460			$	-			$	166,358			$	7,636,818			$	17,807			$	7,697,633			$	-			$	196,625			$	7,912,065
Property and equipment, net			2,377,005				14,084				-				53,665				2,444,754				2,970,762				20,232				-				9,088				3,000,082
Other segment assets (1)			7,295,639				326,904				71,754				88,991,714				96,686,011				5,930,764				425,660				7,373,683				88,045,005				101,775,112
Total consolidated assets		$	9,672,644			$	7,811,448			$	71,754			$	89,211,737			$	106,767,583			$	8,919,333			$	8,143,525			$	7,373,683			$	88,250,718			$	112,687,259

Schedule of Assets by Geographic Location

The Company’s assets by geographic location are as follows:

		As of
		September 30, 2025				December 31, 2024
Total assets by geographic location:
United States		$	11,528,294			$	25,191,733
China			95,239,289				87,495,526
Total consolidated assets		$	106,767,583			$	112,687,259

Schedule of Disaggregated Revenues by Geographic Location

The Company’s disaggregated revenues by geographic location for the three and nine months ended September 30, 2025 and 2024 are as follows:

		For the Three months Ended								For the Nine months Ended
		September 30,								September 30,
		2025				2024				2025				2024
Total revenues by geographic location:
United States		$	1,009,050			$	1,345,555			$	3,826,937			$	3,518,226
China			837,862				817,986				2,214,593				3,664,244
Total consolidated revenues		$	1,846,912			$	2,163,541			$	6,041,530			$	7,182,470

X

- Definition

Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration