v3.26.1
Segment Data
 3 Months Ended
Mar. 31, 2026
Segment Data [Abstract]  
Segment Data

Note 10 – Segment Data

 

Each of the Company’s business segments offer different, but synergistic products and services. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The chief operating decision maker is our Chief Executive Officer. The Chief Executive Officer assess performance for the segments and decide how to allocate resources based on segment profit or loss. The Company does not have any intra-entity sales or transfers. Further, unallocated corporate assets not directly attributable to any one of the business segments and unallocated corporate operating losses resulting from general corporate overhead expenses not directly attributable to any one of the business segments are reported separate from the Company’s identified segments and included under Corporate in the tables presented below.

 

The Company’s business consists of three reportable business segments:

 

  ● Esports, provided through Allied Esports, including video game events and tournaments.

 

  ● Casual mobile gaming, provided through ZTech.

 

  ● Live concert promotion and events organizing, provided through Skyline.

The Company’s significant segment revenue and expenses for the three months ended March 31, 2026 and 2025 are as follows:

 

   For the Three Months Ended March 31, 2026   For the Three Months Ended March 31, 2025 
   E-sports   Casual Mobile
Gaming		   Concerts   Corporate   Total   E-sports   Casual Mobile
Gaming		   Concerts   Corporate   Total 
Revenue                                        
In-person  $1,052,432   $
-
   $
-
   $
-
   $1,052,432   $1,656,755   $
-
   $
-
   $
-
   $1,656,755 
Multiplatform content   53    
-
    
-
    
-
    53    57    
-
    
-
    
-
    57 
Casual mobile gaming   
-
    500,779    
-
    
-
    500,779    
-
    618,323    
-
    
-
    618,323 
Total Revenue   1,052,485    500,779    
-
    
-
    1,553,264    1,656,812    618,323    
-
    
-
    2,275,135 
Costs and Expenses                                                  
In-person (excludes depreciation)   330,001    
-
    
-
    
-
    330,001    860,554    
-
    
-
    
-
    860,554 
Casual mobile gaming (excludes depreciation)   
-
    487,521    
-
    
-
    487,521    
-
    582,190    
-
    
-
    582,190 
Professional fees   50,433    57,492    
-
    1,877,559    1,985,484    69,932    75,727    72,315    3,538,733    3,756,707 
Salaries and benefits   493,045    
-
    
-
    130,708    623,753    601,461    
-
    49,689    309,777    960,927 
Selling and marketing expense   9,530    
-
    
-
    1,439    10,967    9,686    
-
    2,500    27,801    39,987 
Other expenses [1]   246,196    14,371    1,805    198,236    460,608    265,833    3,053    2,172    303,515    574,573 
CECL reserve        717,263              717,263                          
Depreciation and amortization   45,454    160,429    
-
    43,332    249,215    219,855    143,988    
-
    18,595    382,438 
Stock based compensation   
-
    
-
    
-
    
-
    
-
    3,758    
-
    
-
    184,678    188,436 
Research and development expense   
-
    48,521    
-
    159,479    208,000    
-
    80,846    
-
    100,100    180,946 
Total Expense   1,174,659    1,485,597    1,805    2,410,753    5,072,812    2,031,079    885,804    126,676    4,483,199    7,526,758 
Segment loss   (122,174)   (984,818)   (1,805)   (2,410,753)   (3,519,548)   (374,267)   (267,481)   (126,676)   (4,483,199)   (5,251,623)
All other segment items (2)   (69,354)   341    
-
    (1,647,169)   (1,716,182)   (63,148)   14,771    (17,255)   417,368    351,736 
Consolidated pre-tax net loss  $(191,528)  $(984,477)  $(1,805)  $(4,057,922)  $(5,235,730)  $(437,415)  $(252,710)  $(143,931)  $(4,065,831)  $(4,899,887)
(1) Other expense includes insurance, utilities, repair and maintenance, office supplies, sales and marketing, travel and entertainment, rent, and property tax expenses.
(2) All other items include gains and losses in escrow settlement, investments in money market funds and marketable securities, foreign currency transactions, and other income and expenses including interest.

The Company’s significant segment assets as of March 31, 2026 and December 31, 2025 are as follows:

 

   As of March 31, 2026 
   E-sports   Casual
Mobile
 Gaming		   Concerts   Corporate   Total 
                     
Total assets for reportable segments:                    
Goodwill and intangible assets, net  $
-
   $4,077,719   $
-
   $318   $4,078,037 
Property and equipment, net   269,577    61,627    
-
    50,185    381,389 
Other segment assets (1)   2,631,850    228,070    85,577    60,654,784    63,600,281 
Total consolidated assets  $2,901,427   $4,367,416   $85,577   $60,705,287   $68,059,707 

 

   As of December 31, 2025 
   E-sports   Casual Mobile Gaming   Concerts   Corporate   Total 
                     
Total assets for reportable segments:                    
Goodwill and intangible assets, net  $
-
   4,157,609   $
-
   $
-
   $4,157,609 
Property and equipment, net   316,295    4,862    
-
    52,792    373,949 
Other segment assets (1)   4,289,612    281,526    87,382    80,590,499    85,249,019 
Total consolidated assets  $4,605,907   $4,443,997   $87,382   $80,643,291   $89,780,577 
(1) Other segment assets include cash and cash equivalents, investments, receivables, prepaid expenses and other current assets, digital assets, right-of-use assets, and deposits.

 

The Company’s disaggregated segment assets by geographic location are as follows: 

 

   As of 
   March 31, 2026   December 31, 2025 
Total assets by geographic location:        
United States  $5,637,099   $5,567,081 
China   62,422,608    84,213,496 
Total consolidated assets  $68,059,707   $89,780,577 

 

The Company’s disaggregated revenues by geographic location are as follows:

 

   As of March 31 
   2026   2025 
Total revenues by geographic location:        
United States  $1,052,485   $1,656,812 
China   500,779    618,323 
Total consolidated revenues  $1,553,264   $2,275,135