| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Amortization of loan costs | - | - | - | 0 |
| Amortization of debt discount | 0 | 0 | 0 | 71,781 |
| Amortization of prepaid stock issued for services | - | - | - | 0 |
| Change in fair value | - | - | - | 255,819 |
| Accrued interest on convertible debenture | - | - | - | 0 |
| Change in fair value of convertible debenture and warrant liabilities | 0 | 0 | 0 | - |
| Deferred tax expense | 0 | 0 | 0 | -7,155 |
| Depreciation and amortization | 6,161 | 4,079 | 2,112 | 12,102 |
| Stock-based compensation expense | 3,588,937 | 105,994 | 69,460 | 148,524 |
| Stock-based compensation expense, related party | 16,509,988 | 16,379,368 | - | - |
| Impairment on crypto assets at cost | 94,763,484 | 87,813,295 | - | 0 |
| Unrealized loss on crypto assets | - | 2,437,026 | - | - |
| Unrealized gain on crypto assets at fair value, net | 104,889,114 | - | - | - |
| Realized gains on crypto assets, net | - | 5,373,583 | - | - |
| Realized gain on crypto assets at fair value, net | 11,681,359 | - | - | - |
| Crypto rewards on native staking, net | 10,302,343 | 28,534 | - | - |
| Loss on disposal of equipment | -312 | -312 | -312 | 0 |
| Accounts receivable | 194,324 | 7,074 | 58,121 | -162,288 |
| Other receivable | - | -272,813 | -272,813 | 272,813 |
| Due from rsports interactive, inc | -307 | 112 | 1,204 | 307 |
| Prepaid expenses and other current assets | 38,770 | 163,565 | 35,369 | -73,115 |
| Accounts payable and accrued expenses | 4,024,871 | 873,695 | 213,902 | -1,314,126 |
| Accounts payable and accrued expenses - related party | 68,099 | 40,011 | - | - |
| Net loss from continuing operations | -39,992 | -104,287,267 | -916,732 | -4,473,643 |
| Net cash used in operating activities continuing operations | -8,183,743 | -1,933,542 | -452,827 | -5,856,053 |
| Net cash used in operating activities - discontinued operations | -225,981 | -204,931 | -61,258 | -16,958,433 |
| Net cash used in operating activities | -8,409,724 | -2,138,473 | -514,085 | -22,814,486 |
| Net cash used in investing activities - discontinued operations | 0 | 0 | 0 | -18,857,834 |
| Proceeds from sale of intellectual property | 0 | 0 | - | 150,000 |
| Capital expenditures for equipment | 7,282 | 2,518 | 0 | 1,719 |
| Investment in armchair enterprises, inc | 500,000 | 500,000 | 500,000 | - |
| Crypto assets purchased | 2,539,611,653 | - | - | - |
| Usdc stablecoin purchased | 445,096,653 | - | - | - |
| Capital expenditures for internally developed software | - | - | - | 0 |
| Crypto assets purchased | - | 405,816,679 | - | - |
| Usdc stablecoin redemptions | 80,693,796 | - | - | - |
| Net cash provided by (used in) investing activities continuing operations | -2,904,521,792 | -406,319,197 | -500,000 | 148,281 |
| Net cash used for investing activities | -2,904,521,792 | -406,319,197 | -500,000 | -18,709,553 |
| Net cash used in financing activities - discontinued operations | 0 | 0 | 0 | -5,835,352 |
| Proceeds from convertible debenture and purchase warrants | 0 | 0 | - | -4,148,571 |
| Repayment of convertible debenture | - | - | 0 | 0 |
| Proceeds from line of credit | 0 | 0 | 0 | 550,000 |
| Repayment of line of credit | 0 | 0 | 0 | 6,900,000 |
| Principal payments on long-term debt | 0 | 0 | 0 | 2,070,479 |
| Proceeds from exercise of warrants | 0 | 0 | 3 | 159,892 |
| Gross proceeds from sale of common stock | 2,147,072,919 | 130,217,148 | 907,185 | 869,275 |
| Issuance costs paid related to sale of common stock | -56,654,131 | -4,015,219 | - | - |
| Issuance of common stock from exchange agreement | 4 | 4 | - | - |
| Issuance of common stock from exercise of warrants | 10 | 10 | - | - |
| Gross proceeds from shares sold in capital raise | 4,500,000 | 4,500,000 | - | - |
| Issuance costs related to shares sold in capital raise | -652,000 | -652,000 | - | - |
| Gross proceeds from private placement | 902,086,156 | 302,083,293 | - | - |
| Issuance costs paid related to private placements | 40,956,626 | 20,375,704 | - | - |
| Repurchases of common stock (treasury cost) | 31,692,488 | - | - | - |
| Debt issuance fees | - | - | - | 0 |
| Shares issued for restricted stock | - | 261,042 | - | - |
| Deferred financing costs | 1,135,937 | - | - | - |
| Net cash generated by (used in) financing activities continuing operations | 2,922,567,907 | 412,018,574 | 907,188 | -11,539,883 |
| Net cash generated by (used in) financing activities | 2,922,567,907 | 412,018,574 | 907,188 | -17,375,235 |
| Net change in cash | 9,636,391 | 3,560,904 | -106,897 | -58,899,274 |
| Cash and cash equivalents at beginning of period | 1,541,856 | 1,541,856 | 1,541,856 | 60,441,130 |
| Cash and cash equivalents at end of period | 11,178,247 | 5,102,760 | 1,434,959 | 1,541,856 |
SharpLink Gaming, Inc. (SBET)
SharpLink Gaming, Inc. (SBET)