Mobile Global Esports, Inc. (MGAM) Form 10-Q — May 15, 2026
Mobile Global Esports (MGAM) reported a net loss of $774,351 for the three months ended March 31, 2026, driven by operating expenses of $628,439 against minimal revenue of $6,320. The company’s cash position declined to $184,650, raising liquidity concerns as management explicitly states it may need to raise additional funding to continue operations for the next 12 months. The filing discloses material weaknesses in internal controls over financial reporting, noting that controls were not effective to detect the inappropriate application of U.S. GAAP.
Key figures
- Revenue
- 6320
- Cash Position
- 184650
- Shares Outstanding
- 64456391
- Options granted q1
- 6325000
- Stock based compensation
- 164800
- Convertible notes fair value
- 920000
Price after filing
Close on the filing date to close N calendar days later (from $0.01). Historical, not a forecast.
AI analysis
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