Motorsport Games Inc.: 10-K filed 2025-03-20

Name: Motorsport Games Inc.: 10-K filed 2025-03-20
Creator: Motorsport Games Inc.

What Motorsport Games Inc. reported in its annual report filed 2025-03-20 (fiscal FY 2024): 48 published measures, 96 facts as tagged in accession 0001493152-25-011033.

This filing

Form: 10-K (annual report)
Filed: 2025-03-20
Fiscal period: fiscal FY 2024
Accession: 0001493152-25-011033 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.

Period	Value	Unit	Days
At 2024-12-31	6,268,221	USD
At 2023-12-31	9,758,704	USD

Total liabilities

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

Period	Value	Unit	Days
At 2024-12-31	5,042,219	USD
At 2023-12-31	7,669,000	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2024-12-31	496,258	USD
At 2023-12-31	1,036,422	USD

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.

Period	Value	Unit	Days
At 2024-12-31	859,271	USD
At 2023-12-31	1,675,210	USD

Net income or loss

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

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	-2,752,956	USD	366
2023-01-01 to 2023-12-31	-14,323,185	USD	365

Operating cash flow

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

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	-2,838,146	USD	366
2023-01-01 to 2023-12-31	-13,651,861	USD	365

Capital expenditure payments

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

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	25,015	USD	366
2023-01-01 to 2023-12-31	31,653	USD	365

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	8,687,462	USD	366
2023-01-01 to 2023-12-31	6,909,674	USD	365

Financing cash flow

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

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	834,051	USD	366
2023-01-01 to 2023-12-31	9,937,034	USD	365

Investing cash flow

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

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	1,181,485	USD	366
2023-01-01 to 2023-12-31	4,210,847	USD	365

Retained earnings or deficit

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

Period	Value	Unit	Days
At 2024-12-31	-91,789,968	USD
At 2023-12-31	-89,037,012	USD

Basic weighted-average shares

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

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	2,922,091	shares	366
2023-01-01 to 2023-12-31	2,577,451	shares	365

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	2,922,091	shares	366
2023-01-01 to 2023-12-31	2,577,451	shares	365

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	-0.94	USD/shares	366
2023-01-01 to 2023-12-31	-5.56	USD/shares	365

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	-0.94	USD/shares	366
2023-01-01 to 2023-12-31	-5.56	USD/shares	365

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.

Period	Value	Unit	Days
At 2024-12-31	55,437	USD
At 2023-12-31	247,693	USD

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	152,959	USD	366
2023-01-01 to 2023-12-31	957,302	USD	365

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	-1,749,852	USD	366
2023-01-01 to 2023-12-31	-16,371,764	USD	365

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.

Period	Value	Unit	Days
At 2024-12-31	2,796,482	USD
At 2023-12-31	3,517,897	USD

Interest expense

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

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	120,757	USD	366
2023-01-01 to 2023-12-31	772,989	USD	365

Current liabilities

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

Period	Value	Unit	Days
At 2024-12-31	5,021,782	USD
At 2023-12-31	7,592,243	USD

Current accounts payable

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

Period	Value	Unit	Days
At 2024-12-31	2,976,211	USD
At 2023-12-31	813,659	USD

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	11,209,564	USD	366
2023-01-01 to 2023-12-31	22,698,284	USD	365

Gross profit

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

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	5,461,712	USD	366
2023-01-01 to 2023-12-31	3,289,179	USD	365

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	3,225,750	USD	366
2023-01-01 to 2023-12-31	3,620,495	USD	365

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	3,378,346	USD	366
2023-01-01 to 2023-12-31	7,237,154	USD	365

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.

Period	Value	Unit	Days
At 2024-12-31	92,960,275	USD
At 2023-12-31	91,923,311	USD

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.

Period	Value	Unit	Days
At 2024-12-31	-674,434	USD
At 2023-12-31	-1,850,216	USD

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.

Period	Value	Unit
At 2024-12-31	1,226,002	USD
At 2023-12-31	2,089,704	USD
At 2022-12-31	1,903,398	USD

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.

Period	Value	Unit	Days
At 2024-12-31	51,004	USD
At 2023-12-31	197,307	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2024-12-31	37,772	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2024-12-31	877,559	USD
At 2023-12-31	962,459	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2024-12-31	822,122	USD
At 2023-12-31	714,766	USD

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.

Period	Value	Unit
At 2024-12-31	3,365,298	USD
At 2023-12-31	5,795,807	USD
At 2022-12-31	13,360,230	USD

Other noncurrent liabilities

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

Period	Value	Unit	Days
At 2024-12-31	4,128	USD
At 2023-12-31	31,098	USD

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.

Period	Value	Unit	Days
At 2024-12-31	1,070,063	USD
At 2023-12-31	1,891,315	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2024-12-31	21,805,276	USD
At 2023-12-31	20,140,616	USD

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	-3,048,071	USD	366
2023-01-01 to 2023-12-31	-14,323,185	USD	365

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	-1,577,174	USD	366
2023-01-01 to 2023-12-31	-15,239,995	USD	365

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	6,883,468	USD	366
2023-01-01 to 2023-12-31	9,367,030	USD	365

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	200,000	USD	366
2023-01-01 to 2023-12-31	300,000	USD	365

Depreciation, depletion and amortization

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

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	2,589,437	USD	366
2023-01-01 to 2023-12-31	2,115,430	USD	365

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	-1,177,462	USD	366
2023-01-01 to 2023-12-31	2,821,568	USD	365

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	34,097	USD	366
2023-01-01 to 2023-12-31	415,046	USD	365

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.

Period	Value	Unit	Days
2023-01-01 to 2023-12-31	644,750	USD	365

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	154,377	USD	366
2023-01-01 to 2023-12-31	211,698	USD	365

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	718,463	USD	366
2023-01-01 to 2023-12-31	-1,374,897	USD	365

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.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	2,167,498	USD	366
2023-01-01 to 2023-12-31	-1,640,692	USD	365

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

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with urlopen("https://canlicapital.com/company-data/0001821175.json") as response:
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print(record["policy"])
for concept in record["concepts"]:
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