Sports Entertainment Gaming Global Corp (SEGG) Form 10-Q — Nov 2, 2026
SEGG Media filed its Q2 2026 10-Q revealing that its Audit Committee concluded five previously issued reports (10-K/A for 2021, 10-K for 2022, and three 2022 10-Qs) should no longer be relied upon due to a circular fraud scheme involving $9 million that was improperly booked as revenue and cash in 2020-2021.
Key figures
- Revenue
- 4429973
- Net Income
- -5998326
- Total Debt
- Notes payable-current $15,556,971; total current liabilities $53,693,542
- Revenue Yoy
- 965% for six months ended June 30, 2026 vs. $415,611 prior year
- Total Assets
- 121876401
- Cash Position
- 712877
- Q2 revenue
- 3228990
- Veloce ownership
- 67.9%
- Shares outstanding
- 4205728
- Accumulated deficit
- 292799967
- Legacy fraud amount
- 9000000
- Reverse split ratios
- 1-for-20 (Aug 2023), 1-for-10 (Aug 2025), 1-for-7 (Jul 2026)
- Overstated acquisition cost
- 10572674
AI analysis
Red flags9 · Pro
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