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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues and other income:        
Operating lease revenue $ 120,000
Gamefi revenue 3,200 326,800
Revenue from solo staking 4,200 9,600
Revenue from provision of staking technology tools 8,800 10,000
Revenues and other income 13,000 3,200 19,600 446,800
Cost of revenues (15,100) (533,300) (244,900) (561,100)
Gross loss (2,100) (530,100) (225,300) (114,300)
Operating expenses (income):        
Impairment of digital assets   8,300 223,000 8,300
Loss from exchange of digital assets 18,500 11,500
Professional fees, general and administrative and other 960,900 449,500 1,791,300 1,001,400
Salaries and employee benefits 594,200 603,800 940,200 1,236,300
IT expenses 3,300 8,000
Insurance 98,900 100,500 197,800 186,700
Marketing expenses 15,800 21,100
Interest 120,000
Other taxes   2,800   2,800
Reversal of bad debt expense (300,000)
Total operating expenses 1,691,600 1,164,900 3,192,900 2,255,500
Other expenses:        
Share of equity loss in an equity method investee (14,500) (14,500)
Other income 8,300 10,200
Total other expenses, net (6,200) (4,300)
Loss from operations before income tax expenses (1,699,900) (1,695,000) (3,422,500) (2,369,800)
Income tax (expenses) benefits (1,700) (2,600) 59,600 (4,100)
Net loss and comprehensive loss (1,701,600) (1,697,600) (3,362,900) (2,373,900)
Less: Net loss and comprehensive loss attributable to non-controlling interests 243,600 339,000 391,000 479,000
Net loss and comprehensive loss attributable to Mega Matrix Corp.’s shareholders $ (1,458,000) $ (1,358,600) $ (2,971,900) $ (1,894,900)
Loss per share:        
Basic (in Dollars per share) $ (0.05) $ (0.06) $ (0.1) $ (0.09)
Diluted (in Dollars per share) $ (0.05) $ (0.06) $ (0.1) $ (0.09)
Weighted average shares used in loss per share computations:        
Basic (in Shares) 31,608,169 22,084,055 30,914,963 22,084,055
Diluted (in Shares) 31,608,169 22,084,055 30,914,963 22,084,055