| SCHEDULE OF SEGMENT REPORTING INFORMATION |
Segment
information available with respect to these reportable business segments was as follows:
SCHEDULE OF SEGMENT REPORTING INFORMATION
| | |
2025 | | |
2024 | |
| | |
For the Year Ended December 31, | |
| | |
2025 | | |
2024 | |
| Revenues: | |
| | | |
| | |
| Gaming | |
$ | 11,297,898 | | |
$ | 8,687,462 | |
| Esports | |
| - | | |
| - | |
| Total Revenues | |
$ | 11,297,898 | | |
$ | 8,687,462 | |
| | |
| | | |
| | |
| Cost of Revenues: | |
| | | |
| | |
| Gaming | |
$ | 2,010,140 | | |
$ | 2,930,635 | |
| Esports | |
| 83,170 | | |
| 295,115 | |
| Total Cost of Revenues | |
$ | 2,093,310 | | |
$ | 3,225,750 | |
| | |
| | | |
| | |
| Gross Profit (Loss): | |
| | | |
| | |
| Gaming | |
$ | 9,287,758 | | |
$ | 5,756,827 | |
| Esports | |
| (83,170 | ) | |
| (295,115 | ) |
| Total Gross Profit | |
$ | 9,204,588 | | |
$ | 5,461,712 | |
| | |
| | | |
| | |
| Sales and Marketing Expenses: | |
| | | |
| | |
| Gaming | |
$ | 624,021 | | |
$ | 662,610 | |
| Esports | |
| 602 | | |
| 76,488 | |
| Total Sales and Marketing Expenses | |
$ | 624,623 | | |
$ | 739,098 | |
| | |
| | | |
| | |
| Development Expenses: | |
| | | |
| | |
| Gaming | |
$ | 1,760,183 | | |
$ | 3,378,346 | |
| Esports | |
| - | | |
| - | |
| Total Development Expenses | |
$ | 1,760,183 | | |
$ | 3,378,346 | |
| | |
| | | |
| | |
| General and Administrative Expenses: | |
| | | |
| | |
| Gaming | |
$ | 5,117,737 | | |
$ | 6,848,568 | |
| Esports | |
| 14,697 | | |
| 34,900 | |
| Total General and Administrative Expenses | |
$ | 5,132,434 | | |
$ | 6,883,468 | |
| | |
| | | |
| | |
| Depreciation and Amortization: | |
| | | |
| | |
| Gaming | |
$ | 24,389 | | |
$ | 165,495 | |
| Esports | |
| 22,656 | | |
| 43,157 | |
| Total Depreciation and Amortization | |
$ | 47,045 | | |
$ | 208,652 | |
| | |
| | | |
| | |
| Gain from Settlement of License Liabilities and Other Operating Income | |
| | | |
| | |
| Gaming | |
$ | 1,608,497 | | |
$ | 3,998,000 | |
| Esports | |
| - | | |
| - | |
| Total from Settlement of License Liabilities and Other Operating Income | |
$ | 1,608,497 | | |
$ | 3,998,000 | |
| | |
| | | |
| | |
| Income (Loss) From Operations | |
| | | |
| | |
| Gaming | |
$ | 3,369,925 | | |
$ | (1,300,191 | ) |
| Esports | |
| (121,125 | ) | |
| (449,661 | ) |
| Total Income (Loss) From Operations | |
$ | 3,248,800 | | |
$ | (1,749,852 | ) |
| | |
| | | |
| | |
| Interest Expense, net: | |
| | | |
| | |
| Gaming | |
$ | (18,786 | ) | |
$ | (120,177 | ) |
| Esports | |
| - | | |
| (580 | ) |
| Total Interest Expense, net | |
$ | (18,786 | ) | |
$ | (120,757 | ) |
| | |
| | | |
| | |
| Other Income (Expense), net | |
| | | |
| | |
| Gaming | |
$ | 3,369,625 | | |
$ | (1,023,296 | ) |
| Esports | |
| - | | |
| (154,166 | ) |
| Total Other Income (Expense), net | |
$ | 3,369,625 | | |
$ | (1,177,462 | ) |
| | |
| | | |
| | |
| Provision for Income Taxes | |
| | | |
| | |
| Gaming | |
$ | (245,258 | ) | |
$ | - | |
| Esports | |
| - | | |
| - | |
| Total Provision for Income Taxes | |
$ | (245,258 | ) | |
$ | - | |
| | |
| | | |
| | |
| Net Income (Loss): | |
| | | |
| | |
| Gaming | |
$ | 6,966,022 | | |
$ | (2,443,664 | ) |
| Esports | |
| (121,125 | ) | |
| (604,407 | ) |
| Total Net Income (Loss) | |
$ | 6,844,897 | | |
$ | (3,048,071 | ) |
| | |
December 31, 2025 | | |
December 31, 2024 | |
| Total Assets: | |
| | | |
| | |
| Gaming | |
$ | 10,424,054 | | |
| 5,065,073 | |
| Esports | |
| 1,544,012 | | |
| 1,203,148 | |
| Total Assets | |
$ | 11,968,066 | | |
$ | 6,268,221 | |
|