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Motorsport Games Inc.: 10-Q filed 2023-11-07

What Motorsport Games Inc. reported in its quarterly report filed 2023-11-07 (fiscal Q3 2023): 44 published measures, 132 facts as tagged in accession 0001493152-23-039752.

This filing

Form
10-Q (quarterly report)
Filed
2023-11-07
Fiscal period
fiscal Q3 2023
Accession
0001493152-23-039752 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Motorsport Games Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2023-09-3011,413,612USD
At 2022-12-3118,897,792USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2023-09-3010,914,715USD
At 2022-12-3116,994,394USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2023-09-30412,561USD
At 2022-12-311,533,711USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2023-09-301,182,342USD
At 2022-12-31979,306USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2023-07-01 to 2023-09-30-3,490,039USD92
2023-01-01 to 2023-09-30-16,762,010USD273
2022-07-01 to 2022-09-30-8,515,284USD92
2022-01-01 to 2022-09-30-31,058,197USD273

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2023-01-01 to 2023-09-30-10,106,011USD273
2022-01-01 to 2022-09-30-16,924,098USD273

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2023-01-01 to 2023-09-3026,798USD273
2022-01-01 to 2022-09-30266,948USD273

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

PeriodValueUnitDays
2023-07-01 to 2023-09-301,693,871USD92
2023-01-01 to 2023-09-305,162,356USD273
2022-07-01 to 2022-09-301,223,142USD92
2022-01-01 to 2022-09-306,553,918USD273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2023-01-01 to 2023-09-3010,087,034USD273
2022-01-01 to 2022-09-301,088,883USD273

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2023-01-01 to 2023-09-30-26,798USD273
2022-01-01 to 2022-09-30-266,948USD273

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2023-09-30-90,741,141USD
At 2022-12-31-73,979,131USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2023-07-01 to 2023-09-302,720,328shares92
2023-01-01 to 2023-09-302,538,863shares273
2022-07-01 to 2022-09-301,167,359shares92
2022-01-01 to 2022-09-301,167,178shares273

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2023-07-01 to 2023-09-302,720,328shares92
2023-01-01 to 2023-09-302,538,863shares273
2022-07-01 to 2022-09-301,167,359shares92
2022-01-01 to 2022-09-301,167,178shares273

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2023-07-01 to 2023-09-30-1.28USD/shares92
2023-01-01 to 2023-09-30-6.6USD/shares273
2022-07-01 to 2022-09-30-7.29USD/shares92
2022-01-01 to 2022-09-30-26.61USD/shares273

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2023-07-01 to 2023-09-30-1.28USD/shares92
2023-01-01 to 2023-09-30-6.6USD/shares273
2022-07-01 to 2022-09-30-7.29USD/shares92
2022-01-01 to 2022-09-30-26.61USD/shares273

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2023-09-30312,210USD
At 2022-12-31522,433USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2023-07-01 to 2023-09-30105,524USD92
2023-01-01 to 2023-09-30876,060USD273
2022-07-01 to 2022-09-30228,712USD92
2022-01-01 to 2022-09-30820,315USD273

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2023-07-01 to 2023-09-30-2,664,795USD92
2023-01-01 to 2023-09-30-16,689,491USD273
2022-07-01 to 2022-09-30-7,552,477USD92
2022-01-01 to 2022-09-30-29,841,242USD273

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2023-09-302,849,942USD
At 2022-12-314,043,340USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2023-07-01 to 2023-09-30230,190USD92
2023-01-01 to 2023-09-30674,060USD273
2022-07-01 to 2022-09-30244,953USD92
2022-01-01 to 2022-09-30638,211USD273

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2023-09-307,963,733USD
At 2022-12-3113,321,608USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2023-09-301,320,860USD
At 2022-12-312,372,219USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

PeriodValueUnitDays
At 2023-09-306,299,026USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2023-07-01 to 2023-09-303,527,187USD92
2023-01-01 to 2023-09-3018,905,465USD273
2022-07-01 to 2022-09-308,172,763USD92
2022-01-01 to 2022-09-3032,922,341USD273

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2023-07-01 to 2023-09-30862,392USD92
2023-01-01 to 2023-09-302,215,974USD273
2022-07-01 to 2022-09-30620,286USD92
2022-01-01 to 2022-09-303,081,099USD273

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

PeriodValueUnitDays
2023-07-01 to 2023-09-30831,479USD92
2023-01-01 to 2023-09-302,946,382USD273
2022-07-01 to 2022-09-30602,856USD92
2022-01-01 to 2022-09-303,472,819USD273

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2023-07-01 to 2023-09-301,566,839USD92
2023-01-01 to 2023-09-305,751,741USD273
2022-07-01 to 2022-09-302,631,066USD92
2022-01-01 to 2022-09-307,717,046USD273

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2023-09-3091,842,069USD
At 2022-12-3176,446,061USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2023-09-30-688,706USD
At 2022-12-31-933,406USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2023-09-30498,897USD
At 2023-06-303,419,952USD
At 2023-03-3111,298,633USD
At 2022-12-311,903,398USD
At 2022-09-306,948,857USD
At 2022-06-3015,013,479USD
At 2022-03-3122,183,450USD
At 2021-12-3137,982,003USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2023-09-30247,804USD
At 2022-12-31971,789USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2023-09-308,003,656USD
At 2022-12-3113,360,230USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2023-09-302,898,050USD
At 2022-12-313,055,498USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

PeriodValueUnitDays
At 2023-09-303,691,941USD
At 2022-12-313,416,424USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2023-07-01 to 2023-09-30-3,534,132USD92
2023-01-01 to 2023-09-30-16,994,206USD273
2023-04-01 to 2023-06-30-8,200,882USD91
2023-01-01 to 2023-03-31-5,259,192USD90
2022-07-01 to 2022-09-30-8,536,715USD92
2022-01-01 to 2022-09-30-31,991,431USD273
2022-04-01 to 2022-06-30-7,487,671USD91
2022-01-01 to 2022-03-31-15,967,045USD90

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2023-07-01 to 2023-09-30-2,957,114USD92
2023-01-01 to 2023-09-30-16,466,155USD273
2022-07-01 to 2022-09-30-8,310,205USD92
2022-01-01 to 2022-09-30-30,724,245USD273

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2023-07-01 to 2023-09-301,526,614USD92
2023-01-01 to 2023-09-307,459,957USD273
2022-07-01 to 2022-09-304,008,335USD92
2022-01-01 to 2022-09-3010,781,098USD273

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2023-01-01 to 2023-09-301,512,630USD273
2022-01-01 to 2022-09-301,576,003USD273

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2023-07-01 to 2023-09-30400,000USD92
2023-01-01 to 2023-09-301,221,970USD273
2022-07-01 to 2022-09-30400,000USD92
2022-01-01 to 2022-09-301,300,000USD273

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2023-07-01 to 2023-09-30-639,147USD92
2023-01-01 to 2023-09-30369,345USD273
2022-07-01 to 2022-09-30-739,285USD92
2022-01-01 to 2022-09-30-1,511,978USD273

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2023-01-01 to 2023-09-30405,690USD273
2022-01-01 to 2022-09-3017,670USD273

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2023-01-01 to 2023-09-30644,750USD273

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-09-30-822,477USD273
2022-01-01 to 2022-09-30-3,709,280USD273

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-09-30-1,046,204USD273
2022-01-01 to 2022-09-30-728,322USD273

Inspect the source

Entity
Motorsport Games Inc. / CIK 0001821175
Captured
2026-09-21T17:35:08.509Z
SEC response SHA-256
aced047b5c4301a7a91644473dd8ddf9fb31c5ebbe9cbcc64515c9502ac518d8

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001821175.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))