MGAM: the balance sheet

MyFinsight

For the year ending 2025-12-31, MGAM has $1,653,942 in assets. $1,832,078 in debts.

Balance Sheets	2025-12-31
Cash	573,305
Prepaid expenses	11,275
Deferred offering costs	50,000
Total current assets	634,580
Capitalized software, net	1,019,362
Total assets	1,653,942

Accounts payable and accrued expenses	173,887
Convertible notes payable	779,960
Notes payable, net	114,951
Team prize payout, short term	1,845
Other current liabilities	751,640
Total current liabilities	1,822,283
Team prize payout, long term	9,795
Total liabilities	1,832,078
Common stock, 0.0001 par value, 100,000,000 shares authorized, 54,440,074 and 27,936,503 shares issued and outstanding	5,444
Additional paid-in capital	12,744,970
Accumulated deficit	-12,903,470
Accumulated other comprehensive loss	-8,621
Total stockholders equity (deficit) - mobile global esports inc	-161,677
Non-controlling interest	-16,459
Total stockholders equity (deficit)	-178,136
Total liabilities and stockholders equity (deficit)	1,653,942

Unit: Dollar.