Mobile Global Esports, Inc. (MGAM)
Mobile Global Esports Inc. is an enterprise actively involved in the esports industry. Its core business involves organizing and monetizing diverse virtual esports competitions, primarily within the Indian market. Established in 2016, the firm operated as Elite Esports, Inc. until April 2021, when it rebranded as Mobile Global Esports Inc. Its corporate headquarters are situated in San Clemente, California.
Sector: Services-Amusement & Recreation Services
Industry: Electronic Gaming & Multimedia
Mobile Global Esports Inc.
OTC:MGAMTechnology · Electronic Gaming & Multimedia
$0.0008
Mkt Cap$147K
Float168.8M
O/S183.82M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$4K
Net Income-$2.26M
Total Assets$1.65M
Free Cash Flow-$1.48M
Debt & Equity
Debt 122%
Total Debt$895K
Total Equity-$162K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MGAM's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.65M
Liabilities$1.83M
Accounts Receivable$0
Accounts Payable$93K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$1.02M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $4K | $25K | $5K | $0 | $0 |
| YoY Growth | -85.5% | 412.1% | - | - | - |
| Cost of Revenue | $0 | $0 | $0 | $3K | $0 |
| Gross Profit | $4K | $25K | $5K | -$3K | $0 |
| Gross Margin | 100.0% | 100.0% | 100.0% | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $186K |
| Selling, General, and Administrative | $2.16M | $2.27M | $4.99M | $1.29M | $76K |
| Other | $0 | $80K | $1.82M | $0 | $0 |
| Total Operating Expenses | $2.16M | $2.35M | $6.81M | $1.29M | $262K |
| Operating Income (EBIT) | -$2.16M | -$2.33M | -$6.81M | -$1.29M | -$262K |
| Operating Margin | -58371.1% | -9158.5% | -137161.1% | - | - |
| Interest Expense | $22K | $1K | $2K | $1K | $0 |
| Interest Income | $27 | $199 | $29K | $1 | $0 |
| Other Income (Expense) | $28K | -$1K | $27K | -$1K | $0 |
| Income Before Tax (EBT) | -$2.13M | -$2.33M | -$6.78M | -$1.29M | -$262K |
| Income Tax Expense | $0 | -$8K | $0 | -$656 | $0 |
| Net Income | -$2.26M | -$2.32M | -$6.77M | -$1.29M | -$262K |
| Net Income Margin | -61150.7% | -9130.5% | -136505.1% | - | - |
| Supplementary Data | |||||
| EPS | -0.05 | -0.11 | -0.32 | -0.06 | -0.01 |
| Diluted EPS | -0.05 | -0.11 | -0.32 | -0.06 | -0.01 |
| Weighted Average OS | 46.43M | 21.57M | 21.01M | 20.42M | 18.31M |
| EBITDA | -$2.11M | -$2.27M | -$6.73M | -$1K | $52K |
| EBITDA Margin | -57142.1% | -8930.0% | -135538.7% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $573K | $929K | $3.17M | $7.54M | $238K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $573K | $929K | $3.17M | $7.54M | $238K |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $50K | $0 | $0 | $593K | $63K |
| Total Current Assets | $635K | $1.07M | $3.27M | $8.13M | $301K |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $0 | $0 | $133K | $71K | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $1.02M | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $1.04M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $16K | $20K | $7K | $63K |
| Total Long-Term Assets | $1.02M | $16K | $154K | $1.12M | $63K |
| Other Assets | $0 | $0 | $0 | $0 | -$63K |
| Total Assets | $1.65M | $1.08M | $3.42M | $9.26M | $301K |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $93K | $69K | $94K | $453 | $32K |
| Short-Term Debt | $895K | $0 | $65K | $92K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $753K | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $1.82M | $82K | $272K | $208K | $32K |
| Long-Term Liabilities | |||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $10K | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $10K | $0 | $52K | $38K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.83M | $82K | $324K | $246K | $32K |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $5K | $3K | $2K | $2K | $2K |
| Retained Earnings | -$12.9M | -$10.64M | -$8.32M | -$1.55M | -$262K |
| Comprehensive Income & Other | -$9K | -$6K | -$3K | $1K | $0 |
| Other Stockholders' Equity | $12.74M | $11.65M | $11.42M | $10.56M | $530K |
| Total Equity | -$162K | $1.01M | $3.1M | $9.01M | $269K |
| Minority Interest | -$16K | -$15K | -$7K | -$656 | $0 |
| Total Liabilities and Equity | $1.67M | $1.1M | $3.43M | $9.26M | $301K |
| Supplementary Data | |||||
| Total Debt | $895K | $0 | $172K | $148K | - |
| Net Debt | $322K | -$929K | -$3M | -$7.39M | -$238K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | |||||
| Net Income | -$2.26M | -$2.33M | -$6.78M | -$1.29M | -$262K |
| Depreciation & Amortization | $45K | $58K | $52K | $3K | $315K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $96K | -$69K | $71K | $50K | $32K |
| Other Working Capital | $152K | -$80K | $555K | -$395K | $0 |
| Total Working Capital Change | $248K | -$150K | $627K | -$346K | $32K |
| Other Non-Cash Items | $902K | $313K | $2.53M | $186K | -$129K |
| Net Cash from Operating | -$1.07M | -$2.11M | -$3.57M | -$1.44M | -$45K |
| Investing Activities | |||||
| Capital Expenditures | -$418K | -$68K | -$19K | -$18K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | -$631K | -$1.02M | $0 |
| Net Cash from Investing | -$418K | -$68K | -$650K | -$1.04M | $0 |
| Financing Activities | |||||
| Debt Repaid | - | - | - | - | - |
| Common Stock Issuance | $125K | $48K | $362K | $11.9M | $346K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $70K | $0 | $0 | -$2M | -$63K |
| Net Cash from Financing | $1.13M | -$65K | -$161K | $9.81M | $283K |
| Forex Effect | -$2K | -$6K | -$600 | -$2K | $0 |
| Net Change in Cash | -$355K | -$2.25M | -$4.38M | $7.32M | $238K |
| Supplementary Data | |||||
| Operating Cash Flow | -$1.07M | -$2.11M | -$3.57M | -$1.44M | -$45K |
| Capital Expenditure | -$418K | -$68K | -$19K | -$18K | $4 |
| Free Cash Flow | -$1.48M | -$2.17M | -$3.59M | -$1.46M | -$45K |
| Cash at Beginning | $929K | $3.17M | $7.56M | $238K | $0 |
| Cash at End | $573K | $929K | $3.17M | $7.56M | $238K |