{"url_path":"/sec/msgm/10-q/2026/item-9a","section_key":"item-9a","section_title":"Item 9A , *“Controls and Procedures”* of the 2025 Form 10-K, and that continued to exist as of March 31, 2026.","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1821175/0001493152-26-022725-index.html","accession_number":"0001493152-26-022725","cik":"0001821175","ticker":"MSGM","issuer_name":"Motorsport Games Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1821175/0001493152-26-022725-index.html","primary_entity_key":"0001821175","primary_entity_name":"Motorsport Games Inc."},"word_count":620,"has_tables":true,"body_markdown":"Item 9A, *“Controls and Procedures”* of the 2025 Form 10-K, and that continued to exist as of March 31, 2026.\n\n \n\n**Remediation\nof Material Weaknesses**\n\n \n\nWe\nhave not yet remediated the material weaknesses relating to (i) our failure to design and maintain effective monitoring procedures and\ncontrols to evaluate the effectiveness of our individual control activities; (ii) a lack of sufficient number of personnel with an appropriate\nlevel of accounting knowledge, training and experience to appropriately analyze, record and disclose accounting matters timely; and (iii)\ndocumentation of certain complex accounting analyses and significant accounting positions that were not contemporaneously reviewed independently\nof the preparer. We are actively engaged in the design and implementation of remedial measures to address the material weaknesses in\nour internal control over financial reporting. We are committed to improving our internal control processes and resolving our control\ndeficiencies, including the material weaknesses identified above.\n\n \n\nTo\ndate, we have taken and will continue to take the actions described below to remediate the identified material weaknesses. As the remediation\nefforts are ongoing, we will continue to evaluate and work to improve our internal control over financial reporting and may implement\nadditional measures, or modify the remedial actions described below, as considered appropriate, to remediate the identified material\nweaknesses.\n\n \n\nSteps\ntaken to remediate the remaining material weaknesses include actions related to designing and maintaining effective monitoring procedures\nand controls to evaluate and monitor the effectiveness of our individual control activities, and minimum documentation requirements for\nsignificant accounting positions and management estimates, including consideration of underlying assumptions and judgments, where applicable,\nthat are used in the financial statement preparation and reporting process. In addition, we have engaged qualified risk advisory\nconsultants, with experience in evaluating internal controls over financial reporting, to further assist with our remediation efforts\nby independently assessing our monitoring procedures and controls, verifying segregation of duties are appropriately considered, and\nthrough performing tests of internal controls, verifying reviews over certain complex accounting analyses and significant accounting\npositions are performed by an independent reviewer, with an appropriate level of accounting knowledge, training, and experience.\n\n \n\nWe continue to evaluate the design and operating effectiveness of internal controls across various business processes and accordingly,\nour management plans to continue its efforts to remediate the identified material weaknesses and remains committed to improving our internal\ncontrol processes, activities and resolving identified deficiencies.\n\n \n\nIf\nnot remediated, or if we identify further material weaknesses in our internal controls, our failure to establish and maintain effective\ndisclosure controls and procedures and internal control over financial reporting could result in material misstatements in our consolidated\nfinancial statements and a failure to meet our reporting and financial obligations. We plan to make continued progress in the coming\nmonths on the remediation plans described in our 2025 Form 10-K, under Part II, Item 9A, *“Controls and Procedures.”*\n\n \n\n**Limitations\non the Effectiveness of Controls**\n\n \n\nIn\ndesigning and evaluating the disclosure controls and procedures and internal control over financial reporting, management recognizes\nthat any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired\ncontrol objectives. In addition, the design of disclosure controls and procedures and internal control over financial reporting must\nreflect the fact that there are resource constraints and that management is required to apply judgment in evaluating the benefits of\npossible controls and procedures relative to their costs.\n\n \n\n**Changes\nin Internal Control over Financial Reporting**\n\n \n\nThere\nwere no changes in our internal control over financial reporting identified in management’s evaluation pursuant to Rules 13a-15(d)\nand 15d-15(d) under the Exchange Act during the quarter ended March 31, 2026 that materially affected, or are reasonably likely to materially\naffect, our internal control over financial reporting.\n\n \n\n29\n\n \n\n \n\n**PART\nII: OTHER INFORMATION**"}