Mobile Global Esports, Inc. (MGAM) Form 10-Q — Oct 14, 2026
Mobile Global Esports filed its 10-Q for the six months ended June 30, 2026 reporting revenue of just $21,877 against a net loss of $1.3 million and cash of only $19,936, down from $573,305 at year-end 2025. The filing carries explicit going-concern language, stating the company will need additional funding to operate for at least 12 months and may be unable to generate sufficient cash flows to continue operations. Management also disclosed a material weakness, concluding internal controls were not effective to detect inappropriate application of U.S. GAAP, and its operating cash burn for the half-year was roughly $681,000.
Key figures
- Revenue
- 21877
- Total Assets
- 976387
- Cash Position
- 19936
- Shares Outstanding
- 183819535
- Authorized shares
- 300000000
- Sepa capacity usd
- 10000000
- Warrants outstanding
- 4068916
- Conversion price discount
- 65% of Market Price
- Shares outstanding dec31 2025
- 54440074
- Shares outstanding jun30 2026
- 132067620
- Convertible notes fair value jun30 2026
- 513731
AI analysis
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