v3.25.2
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT REPORTING INFORMATION

Segment information available with respect to these reportable business segments was as follows:

 

   2025   2024   2025   2024 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2025   2024   2025   2024 
Revenues:                    
Gaming  $2,591,840   $1,881,653   $4,350,293   $4,910,689 
Esports   -    -    -    - 
Total Revenues  $2,591,840   $1,881,653   $4,350,293   $4,910,689 
                     
Cost of Revenues:                    
Gaming  $454,887   $771,647   $920,273   $1,438,274 
Esports   -    -    -    - 
Total Cost of Revenues  $454,887   $771,647   $920,273   $1,438,274 
                     
Gross Profit:                    
Gaming  $2,136,953   $1,110,006   $3,430,020   $3,472,415 
Esports   -    -    -    - 
Total Gross Profit  $2,136,953   $1,110,006   $3,430,020   $3,472,415 
                     
Sales and Marketing Expenses:                    
Gaming  $126,307   $205,549   $224,008   $455,935 
Esports   -    -    -    - 
Total Sales and Marketing Expenses  $126,307   $205,549   $224,008   $455,935 
                     
Development Expenses:                    
Gaming  $270,343   $868,745   $872,296   $1,932,102 
Esports   -    -    -    - 
Total Development Expenses  $270,343   $868,745   $872,296   $1,932,102 
                     
General and Administrative Expenses:                    
Gaming  $852,282   $1,407,933   $2,015,508   $3,572,975 
Esports   12,758    3,893    18,014    29,117 
Total General and Administrative Expenses  $865,040   $1,411,826   $2,033,522   $3,602,092 
                     
Depreciation and Amortization:                    
Gaming  $5,359   $51,010   $17,310   $112,308 
Esports   6,338    12,128    12,513    24,554 
Total Depreciation and Amortization  $11,697   $63,138   $29,823   $136,862 
                     
Income (Loss) From Operations                    
Gaming  $1,989,365   $2,091,424   $1,917,646   $967,877 
Esports   (21,302)   (32,676)   (42,778)   (124,453)
Total Income From Operations  $1,968,063   $2,058,748   $1,874,868   $843,424 
                     
Interest Expense, net:                    
Gaming  $(4,740)  $(29,166)  $(17,750)  $(60,048)
Esports   -    (580)   -    (580)
Total Interest Expense, net  $(4,740)  $(29,746)  $(17,750)  $(60,628)
                     
Other Income (Expense), net                    
Gaming  $2,163,237   $89,725   $3,228,119   $(319,439)
Esports   111,612    (31,244)   175,548    (59,272)
Total Other Income (Expense), net  $2,274,849   $58,481   $3,403,667   $(378,711)
                     
Net Income (Loss):                    
Gaming  $4,259,474   $2,120,740   $5,303,563   $529,171 
Esports   (21,302)   (33,257)   (42,778)   (125,086)
Total Net Income  $4,238,172   $2,087,483   $5,260,785   $404,085 

 

 

Motorsport Games Inc. and Subsidiaries

Notes to Unaudited Condensed Consolidated Financial Statements

 

   June 30, 2025   December 31, 2024 
Total Assets:          
Gaming  $6,674,308   $5,065,073 
Esports   1,479,832    1,203,148 
Total Assets  $8,154,140   $6,268,221