v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 2,365,410 $ 859,271
Accounts receivable, net 1,590,741 1,446,990
Prepaid expenses and other current assets 800,340 490,221
Total Current Assets 4,756,491 2,796,482
Property and equipment, net 31,363 55,437
Operating lease right of use assets 35,288 51,004
Intangible assets, net 3,330,998 3,365,298
Total Assets 8,154,140 6,268,221
Current liabilities:    
Accounts payable 1,031,868 2,976,211
Accrued expenses and other current liabilities 1,347,701 1,070,063
Purchase commitments 150,000 918,198
Operating lease liabilities (current) 31,221 31,099
Total Current Liabilities 2,572,456 5,021,782
Operating lease liabilities (non-current) 16,309
Other non-current liabilities 11,444 4,128
Total Liabilities 2,583,900 5,042,219
Commitments and contingencies (Note 9)
Stockholders’ Equity:    
Preferred stock, $0.0001 par value; authorized 1,000,000 and 1,000,000 shares; and none issued and outstanding as of June 30, 2025 and December 31, 2024, respectively
Additional paid-in capital 95,213,629 92,960,275
Accumulated deficit (86,490,510) (91,789,968)
Accumulated other comprehensive loss (3,904,918) (674,434)
Total Stockholders’ Equity Attributable to Motorsport Games Inc. 4,818,775 496,258
Non-controlling interest 751,465 729,744
Total Stockholders’ Equity 5,570,240 1,226,002
Total Liabilities and Stockholders’ Equity 8,154,140 6,268,221
Common Class A [Member]    
Stockholders’ Equity:    
Common stock, value 504 315
Common Class B [Member]    
Stockholders’ Equity:    
Common stock, value 70 70
Related Party [Member]    
Current liabilities:    
Due to related parties $ 11,666 $ 26,211