A
All In FutureTech Alliance, Inc.
AGAECIK 0001708341NasdaqNon-AcceleratedSmaller ReportingServices-Amusement & Recreation ServicesDelawareFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$-32.79M
Total Assets
$89.78M
Equity
$34.76M
Shares Out
38.27M
Op. Cash Flow
$-9.79M
Business
Allied Gaming & Entertainment Inc. is a global experiential entertainment company focused on delivering gaming and esports experiences. The company offers location-based entertainment venues (including HyperX Arena Las Vegas and a mobile arena truck), original content production, live and virtual tournaments, event production, and mobile gaming through strategic investments and partnerships. Allied operates through subsidiaries including Allied Esports International, Allied Mobile Entertainment and Allied Experiential Entertainment. It distributes content and services worldwide via live events, streaming platforms (Twitch, YouTube), social media, and mobile channels.
Summary from filing dated 2025-06-09
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 |
|---|---|---|---|
| Revenues: | — | — | |
| Total Revenues | 8 | 9 | |
| Costs and Expenses: | — | — | |
| In-person (exclusive of depreciation and amortization) | 3 | 2 | |
| Casual mobile gaming (exclusive of depreciation and amortization) | 3 | 4 | |
| Research and development expenses | 673,080 | 865,585 | |
| Selling and marketing expenses | 222,444 | 287,239 | |
| General and administrative expenses | 31 | 13 | |
| Depreciation and amortization | 2 | 2 | |
| Impairment of goodwill | 668,818 | 10 | |
| Impairment of long-lived assets | 7 | 357,826 | |
| Total Costs and Expenses | 47 | 32 | |
| Loss From Operations | −39 | −23 | |
| Other (Expense) Income: | — | — | |
| Other (expense) income, net | 15,870 | 6,356 | |
| Realized gain on investment in money market fund | 457,536 | 207,711 | |
| Loss on escrow settlement | 0 | 3 | |
| (Loss) on investment in marketable securities, derivative and short-term investments | −1 | −536,116 | |
| (Loss) gain on foreign currency transactions, net | 388,677 | −28,725 | |
| Change in fair value of digital assets | 78,076 | 0 | |
| Interest income, net | 4 | 4 | |
| Total Other (Expense) Income | 4 | 304,212 | |
| Pre-Tax Loss | −35 | −23 | |
| Income tax benefit | −536,663 | −425,417 | |
| Net Loss | −35 | −23 | |
| Less: net loss attributable to non-controlling interest | −2 | −6 | |
| Net Loss Attributable to Common Stockholders | −33 | −17 | |
| Net Loss per Common Share | — | — | |
| Basic (in dollars per share) | −0.83 | −0.42 | |
| Diluted (in dollars per share) | −0.83 | −0.42 | |
| Weighted Average Number of Common Shares Outstanding: | — | — | |
| Basic (in shares) | 40 | 40 | |
| Diluted (in shares) | 40 | 40 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 |
|---|---|---|---|
| Current Assets | — | — | |
| Cash and cash equivalents | 12 | 59 | |
| Short-term investments (at fair value, except for $0.0 and $8.8 million at December 31, 2025 and December 31, 2024, respectively) | 38 | 9 | |
| Marketable securities | 1 | 3 | |
| Interest receivable | 1 | 709,539 | |
| Accounts receivable | 491,640 | 708,804 | |
| Other receivable | 2 | — | |
| Loans receivable | 21 | 18 | |
| Deposits, current portion | 0 | 4 | |
| Prepaid expenses and other current assets | 505,550 | 471,361 | |
| Total Current Assets | 77 | 95 | |
| Property and equipment, net | 373,949 | 3 | |
| Digital assets | 260,652 | 49,300 | |
| Intangible assets, net | 2 | 5 | |
| Land use rights, net | 4 | 0 | |
| Deposits, non-current portion | 493,728 | 3 | |
| Operating lease right-of-use asset | 666,523 | 4 | |
| Investment in unconsolidated affiliate | 3 | 0 | |
| Goodwill | 2 | 3 | |
| Total Assets | 90 | 113 | |
| Liabilities and Stockholders' Equity | — | — | |
| Current Liabilities | — | — | |
| Accounts payable | 7 | 1 | |
| Accrued expenses and other current liabilities | 8 | 1 | |
| Deferred revenue | 218,275 | 656,382 | |
| Operating lease liability, current portion | 2 | 2 | |
| Loans payable | 33 | 26 | |
| Total Current Liabilities | 50 | 30 | |
| Operating lease liability, non-current portion | 2 | 4 | |
| Deferred tax liability | 134,080 | 670,743 | |
| Total Liabilities | 52 | 35 | |
| Commitments and Contingencies | — | — | |
| Stockholders' Equity | — | — | |
| Preferred stock, $0.0001 par value, 1,000,000 shares authorized, Series A Preferred stock, $0.0001 par value, 50,000 shares designated, none issued and outstanding | 0 | 0 | |
| Common stock, $0.0001 par value; 100,000,000 shares authorized, 39,987,228 and 46,385,798 shares issued at December 31, 2025 and 2024 and 37,706,930 and 44,105,500 shares outstanding at December 31, 2025 and 2024, respectively | 3,998 | 4,639 | |
| Additional paid in capital | 200 | 206 | |
| Accumulated deficit | −163 | −130 | |
| Accumulated other comprehensive income | 573,024 | 180,002 | |
| Treasury stock, at cost, 2,280,298 shares at December 31, 2025 and 2024 | 3 | 3 | |
| Total Allied Gaming & Entertainment Inc. Stockholders' Equity | 35 | 73 | |
| Non-controlling interest | 3 | 5 | |
| Total Stockholders' Equity | 38 | 78 | |
| Total Liabilities and Stockholders' Equity | 90 | 113 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 |
|---|---|---|---|
| Cash Flows From Operating Activities | — | — | |
| Net loss | −35 | −23 | |
| Adjustments to reconcile net loss to net cash used in operating activities: | — | — | |
| Stock-based compensation | 496,722 | 1 | |
| Non-cash operating lease expense | 1 | 1 | |
| Non-cash payment of legal fees | 247,772 | 0 | |
| Change in fair value of warrant liabilities | 0 | −100 | |
| Loss (gain) on investment in marketable securities and derivative | 170,061 | −536,116 | |
| (Gain) on transactions denominated in a foreign currency | 249,908 | 1 | |
| Change in fair value of short-term investments | −1 | 0 | |
| Change in fair value of digital assets | 78,076 | 0 | |
| Depreciation and amortization | 2 | 2 | |
| Impairment of goodwill | 668,818 | 10 | |
| Impairment of long-lived assets | 7 | 357,826 | |
| CECL reserve | −3 | 0 | |
| Deferred tax benefit | −536,663 | −425,417 | |
| Changes in operating assets and liabilities: | — | — | |
| Accounts receivable | −222,549 | 180,489 | |
| Insurance recovery receivable | — | — | |
| Interest receivable | 698,121 | −82,693 | |
| Other receivables | 2 | 0 | |
| Prepaid expenses and other current assets | 35,555 | −27,228 | |
| Deposit | 4 | 0 | |
| Accounts payable | 6 | 737,594 | |
| Accrued expenses and other current liabilities | 6 | 429,272 | |
| Accrued interest | — | — | |
| Operating lease liability | −1 | −2 | |
| Deferred revenue | −438,107 | 552,634 | |
| Total Adjustments | 25 | 13 | |
| Net Cash Used In Operating Activities | −10 | −10 | |
| Cash Flows From Investing Activities | — | — | |
| Investment in unconsolidated affiliate | 3 | 0 | |
| Investment in digital assets | 200,000 | 0 | |
| Land deposit | 2 | 2 | |
| Proceeds from maturity of short-term investments | 134 | 128 | |
| Proceeds from early withdrawal of short-term investments | 68 | 0 | |
| Proceeds from repayment of short-term loan | 5 | 1 | |
| Purchases of short-term investments | 233 | 80 | |
| Payment for investment in marketable securities | 0 | 5 | |
| Proceeds from sale of marketable securities | 3 | 781,025 | |
| Loans receivable | 11 | 19 | |
| Purchases of intangible assets | 0 | 53,020 | |
| Proceeds from sale of equipment | — | — | |
| Purchases of property and equipment | 118,482 | 82,951 | |
| Acquisition of Beijing Lianzhong Zhihe Technology Co., net of cash acquired | — | — | |
| Net Cash (Used In) Provided By Investing Activities | −38 | 24 | |
| Cash Flows From Financing Activities | — | — | |
| Repurchases of common stock | — | 422 | |
| Proceeds from issuance of common stock | 0 | 9 | |
| Issuance costs associated with common stock issuance | 885 | 247,734 | |
| Payment to taxing authority in connection with shares withheld for employee payroll tax | 94,513 | 0 | |
| Return of share subscription proceeds due to cancellation of share purchase agreement | −7 | −2 | |
| Proceeds from loans payable | 50 | 26 | |
| Repayment of loans payable | 43 | 8 | |
| Net Cash Provided By Financing Activities | 800,664 | 24 | |
| Effect of Exchange Rate Changes on Cash | −19,463 | −46,265 | |
| Net (Decrease) Increase In Cash and Cash Equivalents | −47 | 38 | |
| Total cash and cash equivalents and restricted cash | — | — | |
| Total cash and cash equivalents and restricted cash | — | — | |
| Cash and cash equivalents consisted of the following: | — | — | |
| Cash and cash equivalents | — | — | |
| Money market funds | — | — | |
| Restricted cash | — | — | |
| Total cash and cash equivalents and restricted cash | — | — | |
| Supplemental Disclosures of Cash Flow Information | — | — | |
| Interest | 301,031 | 68,341 | |
| Income taxes | 0 | 0 | |
| Non-Cash Investing and Financing Activities: | — | — | |
| Cumulative effect adjustment upon adoption of ASU 2023-08 | −89,428 | 0 | |
| Shares withheld for accrued employee payroll tax liability | 0 | 179,342 | |
| ROU asset and lease liability | 0 | 85,095 |
Filings
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