v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenues $ 2,591,840 $ 1,881,653 $ 4,350,293 $ 4,910,689
Cost of revenues 454,887 771,647 920,273 1,438,274
Gross profit 2,136,953 1,110,006 3,430,020 3,472,415
Operating expenses:        
Sales and marketing 126,307 205,549 224,008 455,935
Development 270,343 868,745 872,296 1,932,102
General and administrative [1] 865,040 1,411,826 2,033,522 3,602,092
Depreciation and amortization 11,697 63,138 29,823 136,862
Total operating expenses 1,273,387 2,549,258 3,159,649 6,126,991
Gain from settlement of license liabilities 3,248,000 3,248,000
Other operating income 1,104,497 250,000 1,604,497 250,000
Income from operations 1,968,063 2,058,748 1,874,868 843,424
Interest expense (4,740) (29,746) (17,750) (60,628)
Other income (loss), net 2,274,849 58,481 3,403,667 (378,711)
Net income 4,238,172 2,087,483 5,260,785 404,085
Less: Net loss attributable to non-controlling interest (20,228) (18,445) (38,673) (36,887)
Net income attributable to Motorsport Games Inc. $ 4,258,400 $ 2,105,928 $ 5,299,458 $ 440,972
Net income attributable to Class A common stock per share:        
Basic $ 0.82 $ 0.77 $ 1.26 $ 0.16
Diluted $ 0.82 $ 0.77 $ 1.26 $ 0.16
Weighted-average shares of Class A common stock outstanding:        
Basic 5,206,536 2,722,728 4,195,047 2,722,728
Diluted 5,206,536 2,722,728 4,195,047 2,722,728
[1] Includes related party expenses of $37,500 and $70,055 for the three months ended June 30, 2025 and 2024, respectively, and $75,000 and $151,272 for the six months ended June 30, 2025 and 2024, respectively.