| Schedule of Error Corrections and Previously Issued Financial Statements |
Schedule
of Error Corrections and Previously Issued Financial Statements
| Balance
Sheet (as of Dec. 31, 2025) | |
As
Previously Reported | | |
Adjustment | | |
As
Restated | |
| Goodwill | |
$ | 9,061,675 | | |
$ | (1,974,443 | ) | |
$ | 7,087,232 | |
| Intangible
assets, net | |
$ | 14,648,458 | | |
$ | (788,930 | ) | |
$ | 13,859,528 | |
| Total
assets | |
$ | 55,660,225 | | |
$ | (2,763,373 | ) | |
$ | 52,896,852 | |
| Accumulated
other comprehensive income (loss) | |
| 264,768 | | |
| 47,164 | | |
| 311,932 | |
| Accumulated
deficit | |
$ | (284,007,361 | ) | |
$ | (2,549,002 | ) | |
$ | (286,556,363 | ) |
| Total
SEGG stockholder’s equity | |
| 23,277,057 | | |
| (2,501,838 | ) | |
| 20,775,219 | |
| Noncontrolling
Interest | |
| 483,810 | | |
| (261,535 | ) | |
| 222,275 | |
| Total
equity | |
$ | 23,760,867 | | |
$ | (2,763,373 | ) | |
$ | 20,997,494 | |
| Total
liabilities and stockholder’s equity | |
| 55,660,225 | | |
| (2,763,373 | ) | |
| 52,896,852 | |
| Statement
of Operations (Three Months Ended June 30, 2025) | |
As
Previously Reported | | |
Adjustment | | |
As
Restated | |
| Depreciation
and amortization | |
$ | 1,074,132 | | |
$ | (131,488 | ) | |
$ | 942,644 | |
| Total
operating expenses | |
| 3,976,541 | | |
| (131,488 | ) | |
| 3,849,203 | |
| Loss
from operations | |
| (3,947,512 | ) | |
| 131,488 | | |
| (3,820,174 | ) |
| Net
income (loss) | |
| (3,992,051 | ) | |
| 131,488 | | |
| (3,860,562 | ) |
| Net
income (loss) attributable to SEGG | |
| (3,878,027 | ) | |
| 131,488 | | |
| (3,746,538 | ) |
| Net
loss per share, basic and diluted* | |
$ | (0.13 | ) | |
$ | (9.04 | ) | |
$ | (9.04 | ) |
| Weighted
average common shares outstanding | |
| 29,018,752 | | |
| (28,604,198 | ) | |
| 414,554 | |
| Statement
of Operations (Six Months Ended June 30, 2025) | |
As
Previously Reported | | |
Adjustment | | |
As
Restated | |
| Depreciation
and amortization | |
$ | 2,100,958 | | |
$ | (262,977 | ) | |
$ | 1,837,982 | |
| Total
operating expenses | |
| 7,517,904 | | |
| (262,977 | ) | |
| 7,263,228 | |
| Loss
from operations | |
| (7,427,494 | ) | |
| 262,977 | | |
| (7,172,818 | ) |
| Net
income (loss) | |
| (7,287,071 | ) | |
| 262,977 | | |
| (7,024,094 | ) |
| Net
Income (loss) attributable to SEGG | |
| (7,184,495 | ) | |
| 262,977 | | |
| (6,921,518 | ) |
| Net
loss per share, basic and diluted* | |
$ | (0.27 | ) | |
$ | (18.11 | ) | |
$ | (18.38 | ) |
| Weighted
average common shares outstanding | |
| 26,355,589 | | |
| (25,979,081 | ) | |
| (376,508 | ) |
| * |
|
Loss
per share in the adjustment column and “As Restated” column reflect a 7 for 1 reverse split executed July 26, 2026 |
|