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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 6,847,700 $ 7,263,600
Stable coins 198,200 2,972,000
Digital assets 2,108,600 459,300
Due from a related party 4,200
Taxes receivable 1,095,600
Prepaid expenses and other assets 512,500 761,300
Total current assets 9,671,200 12,551,800
Non-current Assets:    
Long-term investments 1,135,500
Total non-current assets 1,135,500
Total assets 10,806,700 12,551,800
Current liabilities:    
Accounts payable and accrued expenses 233,400 254,700
Accrued payroll 132,700 132,700
Income taxes payable 4,900 18,500
Subscription fee advanced from the shareholders 5,184,000
Total liabilities 371,000 5,589,900
Commitments and contingencies (Note 10)
Equity:    
Preferred stock, $0.001 par value, 2,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.001 par value, 40,000,000 and 40,000,000 shares authorized, 31,724,631 and 26,484,055 shares outstanding at June 30, 2023 and December 31, 2022, respectively 31,800 26,500
Paid-in capital 28,114,600 21,372,100
Accumulated deficit (16,392,300) (13,420,400)
Total Mega Matrix Corp. Stockholders’ Equity 11,754,100 7,978,200
Non-controlling interests (1,318,400) (1,016,300)
Total equity 10,435,700 6,961,900
Total liabilities and equity $ 10,806,700 $ 12,551,800