{"url_path":"/sec/mgam/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1886362/0001213900-26-057173-index.html","accession_number":"0001213900-26-057173","cik":"0001886362","ticker":"MGAM","issuer_name":"Mobile Global Esports, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1886362/0001213900-26-057173-index.html","primary_entity_key":"0001886362","primary_entity_name":"Mobile Global Esports, Inc."},"word_count":1076,"has_tables":true,"body_markdown":"mgam-20260331\n\nNONE\n\nP3Y\n\nQ1\n--12-31\nfalse\n0001886362\n\n0001886362\n\nus-gaap:SubsequentEventMember\nmgam:SeptemberConvertibleNoteBMember\n\n2026-05-01\n2026-05-31\n\n0001886362\n\nus-gaap:SubsequentEventMember\n\n2026-05-01\n2026-05-31\n\n0001886362\n\nus-gaap:SubsequentEventMember\nmgam:SeptemberConvertibleNoteAMember\n\n2026-05-01\n2026-05-31\n\n0001886362\n\nmgam:SeptemberConvertibleNoteBMember\n\n2026-03-01\n2026-03-31\n\n0001886362\n\nus-gaap:SubsequentEventMember\n\n2026-04-01\n2026-04-30\n\n0001886362\n\nus-gaap:SubsequentEventMember\nmgam:SeptemberConvertibleNoteAMember\n\n2026-04-01\n2026-04-30\n\n0001886362\n\nus-gaap:SubsequentEventMember\nmgam:ConvertiblePromissoryNoteMember\n\n2026-04-01\n2026-04-30\n\n0001886362\n\nus-gaap:SubsequentEventMember\nmgam:ConvertiblePromissoryNoteMember\nmgam:OneHundredFiftyOneHundredEightyDaysMember\n\n2026-04-01\n2026-04-30\n\n0001886362\n\nus-gaap:SubsequentEventMember\nmgam:ConvertiblePromissoryNoteMember\nmgam:OneHundredTwentyOneOneHundredFortyNineDaysMember\n\n2026-04-01\n2026-04-30\n\n0001886362\n\nus-gaap:SubsequentEventMember\nmgam:ConvertiblePromissoryNoteMember\nmgam:NinetyOneHundredNineteenDaysMember\n\n2026-04-01\n2026-04-30\n\n0001886362\n\nus-gaap:SubsequentEventMember\nmgam:ConvertiblePromissoryNoteMember\nmgam:SixtyToEightyNineDaysMember\n\n2026-04-01\n2026-04-30\n\n0001886362\n\nus-gaap:SubsequentEventMember\nmgam:ConvertiblePromissoryNoteMember\nmgam:ThirtytoFiftyNineDaysMember\n\n2026-04-01\n2026-04-30\n\n0001886362\n\nus-gaap:SubsequentEventMember\nmgam:ConvertiblePromissoryNoteMember\nmgam:TwentyNineDaysMember\n\n2026-04-01\n2026-04-30\n\n0001886362\n\nus-gaap:SubsequentEventMember\nmgam:ConvertiblePromissoryNoteMember\n\n2026-04-30\n\n0001886362\n\nus-gaap:SubsequentEventMember\nus-gaap:CommonStockMember\n\n2026-04-01\n2026-04-30\n\n0001886362\n\nus-gaap:SubsequentEventMember\nus-gaap:CommonStockMember\nus-gaap:RestrictedStockUnitsRSUMember\n\n2026-04-01\n2026-04-30\n\n0001886362\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:MOGOPvtLtdMember\n\n2025-01-01\n2025-03-31\n\n0001886362\n\nus-gaap:WarrantMember\n\n2025-12-31\n\n0001886362\n\nus-gaap:WarrantMember\n\n2026-03-31\n\n0001886362\n\nmgam:InvestmentBankAgreementMember\n\n2025-12-01\n\n0001886362\n\nmgam:StandyEquityPurchaseAgreementSEPAMember\n\n2026-03-31\n\n0001886362\n\nmgam:SEPAMember\n\n2026-03-31\n\n0001886362\n\nsrt:MinimumMember\n\n2026-03-31\n\n0001886362\n\nsrt:MaximumMember\n\n2026-03-31\n\n0001886362\n\nus-gaap:CommonStockMember\n\n2026-03-31\n\n0001886362\n\nmgam:StandyEquityPurchaseAgreementSEPAMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:StandyEquityPurchaseAgreementSEPAMember\n\n2025-12-01\n\n0001886362\n\nmgam:StandyEquityPurchaseAgreementSEPAMember\n\n2025-12-01\n2025-12-01\n\n0001886362\n\n2025-12-31\n\n0001886362\n\n2026-03-31\n\n0001886362\n\nus-gaap:IPOMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\n2025-11-01\n2025-11-30\n\n0001886362\n\nmgam:InvestmentBankAgreementMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\n2025-09-30\n2025-09-30\n\n0001886362\n\n2025-09-30\n\n0001886362\n\nmgam:ZeroPointZeroSevenZeroMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:ZeroPointZeroSevenZeroMember\n\n2026-03-31\n\n0001886362\n\nmgam:ZeroPointZeroEightZeroMember\n\n2026-03-31\n\n0001886362\n\nmgam:ZeroPointZeroEightZeroMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:ZeroPointZeroNineFiveMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:ZeroPointZeroNineFiveMember\n\n2026-03-31\n\n0001886362\n\nmgam:ZeroPointOneZeroZeroMember\n\n2026-03-31\n\n0001886362\n\nmgam:ZeroPointOneZeroZeroMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:TwoThousandTwentyFiveIncentivePlanMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:TwoThousandTwentyFiveIncentivePlanMember\n\n2026-03-31\n\n0001886362\n\nmgam:TwoThousandTwentyFiveIncentivePlanMember\n\n2026-01-12\n\n0001886362\n\nmgam:Warrants2025Member\n\n2026-03-31\n\n0001886362\n\nmgam:TwoThousandTwentyThreeConsultantWarrantsMember\n\n2026-03-31\n\n0001886362\n\nmgam:PlacementAgentWarrantsMember\n\n2026-03-31\n\n0001886362\n\nmgam:PIPEWarrantsMember\n\n2026-03-31\n\n0001886362\n\nmgam:IPOWarrantsMember\n\n2026-03-31\n\n0001886362\n\nmgam:TwoThousandTwentyOneConsultantWarrantsMember\n\n2026-03-31\n\n0001886362\n\nus-gaap:CommonStockMember\nsrt:MaximumMember\n\n2026-01-12\n\n0001886362\n\nus-gaap:CommonStockMember\nsrt:MinimumMember\n\n2026-01-12\n\n0001886362\n\nsrt:BoardOfDirectorsChairmanMember\nus-gaap:RelatedPartyMember\n\n2025-01-01\n2025-03-31\n\n0001886362\n\nsrt:BoardOfDirectorsChairmanMember\nus-gaap:RelatedPartyMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nus-gaap:CommonStockMember\nus-gaap:RelatedPartyMember\n\n2025-01-01\n2025-03-31\n\n0001886362\n\nsrt:ChiefExecutiveOfficerMember\nus-gaap:RelatedPartyMember\n\n2025-01-01\n2025-03-31\n\n0001886362\n\nsrt:ChiefExecutiveOfficerMember\nus-gaap:RelatedPartyMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nus-gaap:RelatedPartyMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\n2026-02-02\n\n0001886362\n\nmgam:TwoThousandTwentySixConvertibleBridgeNoteMember\n\n2026-02-02\n2026-02-02\n\n0001886362\n\nmgam:ConvertibleBridgeNotesMember\n\n2026-02-02\n2026-02-02\n\n0001886362\n\nmgam:TwoZerTwoFivePromissoryNoteMember\n\n2026-02-02\n2026-02-02\n\n0001886362\n\nus-gaap:CommonStockMember\nmgam:TwoZerTwoFivePromissoryNoteMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:TwoZerTwoFivePromissoryNoteMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:TwoZerTwoFivePromissoryNoteMember\n\n2025-12-01\n2025-12-01\n\n0001886362\n\nmgam:TwoZerTwoFivePromissoryNoteMember\n\n2025-12-01\n\n0001886362\n\nus-gaap:CommonStockMember\nmgam:TwoZerTwoFivePromissoryNoteMember\n\n2025-12-01\n2025-12-01\n\n0001886362\n\nmgam:ConvertibleNoteBMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:ConvertibleNoteBMember\n\n2026-03-31\n\n0001886362\n\nmgam:ConvertibleNoteAMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:ConvertibleNoteAMember\n\n2026-03-31\n\n0001886362\n\nus-gaap:CommonStockMember\n\n2026-01-31\n2026-01-31\n\n0001886362\n\n2026-01-31\n\n0001886362\n\nmgam:ConvertibleBridgeNotesMember\n\n2025-01-01\n2025-12-31\n\n0001886362\n\nmgam:ConvertibleBridgeNotesMember\n\n2025-12-31\n2025-12-31\n\n0001886362\n\nmgam:ConvertibleBridgeNotesMember\n\n2025-11-30\n2025-11-30\n\n0001886362\n\nus-gaap:CommonStockMember\nmgam:SeptemberConvertibleNoteBMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:OneHundredFiftyOneOneHundredEightyDaysMember\n\n2025-09-01\n2025-09-30\n\n0001886362\n\nmgam:NinetyOneToOneHundredFiftyDaysMember\n\n2025-09-01\n2025-09-30\n\n0001886362\n\nmgam:NinetyDaysMember\n\n2025-09-01\n2025-09-30\n\n0001886362\n\nmgam:SeptemberConvertibleNoteBMember\n\n2025-09-01\n2025-09-30\n\n0001886362\n\nmgam:SeptemberConvertibleNoteBMember\n\n2025-09-30\n\n0001886362\n\nus-gaap:CommonStockMember\nmgam:SeptemberConvertibleNoteAMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:SeptemberConvertibleNoteAMember\nmgam:OneHundredFiftyOneHundredEightyDaysMember\n\n2025-09-01\n2025-09-30\n\n0001886362\n\nmgam:SeptemberConvertibleNoteAMember\nmgam:OneHundredTwentyOneOneHundredFortyNineDaysMember\n\n2025-09-01\n2025-09-30\n\n0001886362\n\nmgam:SeptemberConvertibleNoteAMember\nmgam:NinetyOneHundredNineteenDaysMember\n\n2025-09-01\n2025-09-30\n\n0001886362\n\nmgam:SeptemberConvertibleNoteAMember\nmgam:SixtyToEightyNineDaysMember\n\n2025-09-01\n2025-09-30\n\n0001886362\n\nmgam:SeptemberConvertibleNoteAMember\nmgam:ThirtytoFiftyNineDaysMember\n\n2025-09-01\n2025-09-30\n\n0001886362\n\nmgam:SeptemberConvertibleNoteAMember\nmgam:TwentyNineDaysMember\n\n2025-09-01\n2025-09-30\n\n0001886362\n\nmgam:SeptemberConvertibleNoteAMember\n\n2025-09-01\n2025-09-30\n\n0001886362\n\nmgam:SeptemberConvertibleNoteAMember\n\n2025-09-30\n\n0001886362\n\nus-gaap:CommonStockMember\nmgam:TwoThousandTwentySixConvertibleBridgeNoteMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:NinetystDaysMember\nmgam:AugustTwoThousandTwentyFiveConvertibleNoteMember\n\n2025-08-01\n2025-08-31\n\n0001886362\n\nmgam:NinetyDaysMember\nmgam:AugustTwoThousandTwentyFiveConvertibleNoteMember\n\n2025-08-01\n2025-08-31\n\n0001886362\n\nmgam:AugustTwoThousandTwentyFiveConvertibleNoteMember\n\n2025-08-01\n2025-08-31\n\n0001886362\n\nmgam:AugustTwoThousandTwentyFiveConvertibleNoteMember\n\n2025-08-31\n\n0001886362\n\nus-gaap:LoansPayableMember\n\n2025-01-01\n2025-12-31\n\n0001886362\n\nus-gaap:LoansPayableMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:NotePayableMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:NotePayableMember\n\n2025-01-01\n2025-12-31\n\n0001886362\n\nus-gaap:MeasurementInputRiskFreeInterestRateMember\n\n2025-12-31\n\n0001886362\n\nus-gaap:MeasurementInputDiscountRateMember\n\n2025-12-31\n\n0001886362\n\nus-gaap:MeasurementInputExpectedTermMember\n\n2025-12-31\n\n0001886362\n\nus-gaap:MeasurementInputMaturityMember\n\n2025-12-31\n\n0001886362\n\nus-gaap:MeasurementInputDefaultRateMember\n\n2025-12-31\n\n0001886362\n\nmgam:ProbabilitiesOfConversionMember\n\n2025-12-31\n\n0001886362\n\nus-gaap:MeasurementInputRiskFreeInterestRateMember\n\n2026-03-31\n\n0001886362\n\nus-gaap:MeasurementInputDiscountRateMember\n\n2026-03-31\n\n0001886362\n\nus-gaap:MeasurementInputExpectedTermMember\n\n2026-03-31\n\n0001886362\n\nus-gaap:MeasurementInputMaturityMember\n\n2026-03-31\n\n0001886362\n\nus-gaap:MeasurementInputDefaultRateMember\n\n2026-03-31\n\n0001886362\n\nmgam:ProbabilitiesOfConversionMember\n\n2026-03-31\n\n0001886362\n\nus-gaap:MeasurementInputDiscountForLackOfMarketabilityMember\n\n2026-03-31\n\n0001886362\n\nmgam:MeasurementInputGrantDateMember\n\n2026-03-31\n\n0001886362\n\nmgam:ConvertibleBridgeNotesMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nus-gaap:RestrictedStockMember\n\n2025-11-01\n2025-11-30\n\n0001886362\n\nus-gaap:FairValueInputsLevel3Member\n\n2025-12-31\n\n0001886362\n\nus-gaap:FairValueInputsLevel1Member\n\n2025-12-31\n\n0001886362\n\nus-gaap:FairValueInputsLevel3Member\n\n2026-03-31\n\n0001886362\n\nus-gaap:CommonStockMember\n\n2026-01-14\n2026-01-14\n\n0001886362\n\n2025-11-14\n2025-11-14\n\n0001886362\n\nus-gaap:CommonStockMember\n\n2025-11-14\n2025-11-14\n\n0001886362\n\nmgam:SegmentsMember\ncountry:US\nus-gaap:AssetsTotalMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:SegmentsMember\ncountry:US\nus-gaap:AssetsTotalMember\n\n2025-01-01\n2025-12-31\n\n0001886362\n\nmgam:MOGOPvtLtdMember\n\n2025-01-01\n2025-03-31\n\n0001886362\n\nmgam:RSOMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nmgam:RSOMember\n\n2025-12-31\n2025-12-31\n\n0001886362\n\nmgam:MOGOIncMember\n\n2026-03-31\n\n0001886362\n\n2025-03-31\n\n0001886362\n\n2024-12-31\n\n0001886362\n\n2025-01-01\n2025-03-31\n\n0001886362\n\nus-gaap:RetainedEarningsMember\n\n2026-03-31\n\n0001886362\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2026-03-31\n\n0001886362\n\nus-gaap:RetainedEarningsMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nus-gaap:NoncontrollingInterestMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nus-gaap:AccumulatedOtherComprehensiveIncomeLossDerivativeQualifyingAsHedgeExcludedComponentIncludingPortionAttributableToNoncontrollingInterestMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nus-gaap:CommonStockMember\n\n2026-01-01\n2026-03-31\n\n0001886362\n\nus-gaap:NoncontrollingInterestMember\n\n2025-12-31\n\n0001886362\n\nus-gaap:AccumulatedOtherComprehensiveIncomeLossDerivativeQualifyingAsHedgeExcludedComponentIncludingPortionAttributableToNoncontrollingInterestMember\n\n2025-12-31\n\n0001886362\n\nus-gaap:RetainedEarningsMember\n\n2025-12-31\n\n0001886362\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2025-12-31\n\n0001886362\n\nus-gaap:CommonStockMember\n\n2025-12-31\n\n0001886362\n\nus-gaap:NoncontrollingInterestMember\n\n2025-03-31\n\n0001886362\n\nus-gaap:AccumulatedOtherComprehensiveIncomeLossDerivativeQualifyingAsHedgeExcludedComponentIncludingPortionAttributableToNoncontrollingInterestMember\n\n2025-03-31\n\n0001886362\n\nus-gaap:RetainedEarningsMember\n\n2025-03-31\n\n0001886362\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2025-03-31\n\n0001886362\n\nus-gaap:CommonStockMember\n\n2025-03-31\n\n0001886362\n\nus-gaap:NoncontrollingInterestMember\n\n2025-01-01\n2025-03-31\n\n0001886362\n\nus-gaap:RetainedEarningsMember\n\n2025-01-01\n2025-03-31\n\n0001886362\n\nus-gaap:AccumulatedOtherComprehensiveIncomeLossDerivativeQualifyingAsHedgeExcludedComponentIncludingPortionAttributableToNoncontrollingInterestMember\n\n2025-01-01\n2025-03-31\n\n0001886362\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2025-01-01\n2025-03-31\n\n0001886362\n\nus-gaap:CommonStockMember\n\n2025-01-01\n2025-03-31\n\n0001886362\n\nus-gaap:NoncontrollingInterestMember\n\n2024-12-31\n\n0001886362\n\nus-gaap:AccumulatedOtherComprehensiveIncomeLossDerivativeQualifyingAsHedgeExcludedComponentIncludingPortionAttributableToNoncontrollingInterestMember\n\n2024-12-31\n\n0001886362\n\nus-gaap:RetainedEarningsMember\n\n2024-12-31\n\n0001886362\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2024-12-31\n\n0001886362\n\nus-gaap:CommonStockMember\n\n2024-12-31\n\n0001886362\n\n2026-05-12\n\n0001886362\n\nus-gaap:AccumulatedOtherComprehensiveIncomeLossDerivativeQualifyingAsHedgeExcludedComponentIncludingPortionAttributableToNoncontrollingInterestMember\n\n2026-03-31\n\n0001886362\n\nus-gaap:NoncontrollingInterestMember\n\n2026-03-31\n\n0001886362\n\nus-gaap:FairValueInputsLevel2Member\n\n2025-12-31\n\n0001886362\n\nus-gaap:FairValueInputsLevel1Member\n\n2026-03-31\n\n0001886362\n\nus-gaap:FairValueInputsLevel2Member\n\n2026-03-31\n\n0001886362\n\n2025-12-31\n2025-12-31\n\n0001886362\n\nmgam:DominusSportsMember\n\n2025-01-01\n2025-03-31\n\niso4217:USD\n\nxbrli:shares\n\nxbrli:pure\n\niso4217:USD\n\nxbrli:shares\n\nmgam:Segment\n\n \n\n \n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n \n\nFORM 10-Q\n\n \n\n(Mark One)\n\n☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the fiscal quarter ended March 31, 2026\n\n \n\nor\n\n \n\n☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the transition period from              to             \n\n \n\nCommission File Number: 001-41458\n\n \n\nMOBILE GLOBAL ESPORTS INC.\n\n(Exact Name of Registrant as Specified in Its Charter)\n\n \n\nDelaware 86-2684455\n\n(State or Other Jurisdiction of\n\nIncorporation or Organization)\n \n(I.R.S. Employer\n\nIdentification No.)\n\n \n\n500 Post Road East, 2nd Floor\nWestport, Connecticut 06880\n\n(Address of Principal Executive Offices)\n \n(Zip Code)\n\n \n\nRegistrant’s telephone number, including area code: (312) 241-2550  \n\n \n\nN/A\n\n(Former name, former address and former fiscal\nyear, if changed since last report)\n\n \n\nSecurities registered pursuant to Section 12(b)\nof the Act:\n\n \n\nTitle of each class\n \nTrading Symbol(s)\n \nName of each exchange on which registered\n\nCommon stock, $0.0001 par value per share MGAM OTC Pink Sheets\n\n \n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\n \n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\n \n\nIndicate by check mark whether the registrant\nis a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.\nSee the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company”\nand “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge Accelerated Filer ☐Accelerated Filer ☐Non-accelerated Filer ☒Smaller Reporting Company ☒\n\n   Emerging Growth Company ☒\n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☒\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒\n\n \n\nAs of May 12, 2026 there were 75,457,876 shares of the registrant’s common stock outstanding.\n\n \n\n \n\n \n\n \n\nMOBILE GLOBAL ESPORTS INC.\n\n \n\nTable of Contents\n\n \n\n \nPage\n\n[PART I. FINANCIAL INFORMATION](#a_001)"}