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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues and other income:        
Revenues and other income $ 4,400 $ 24,000 $ 446,800
Cost of revenues (19,000) (263,900) (561,100)
Gross loss (14,600) (239,900) (114,300)
Operating expenses (income):        
Impairment of digital assets 490,100 2,100 713,100 10,400
Impairment of intangible assets 888,900 888,900
Loss from exchange of digital assets 600 12,100
Professional fees, general and administrative and other 612,200 789,300 2,403,500 1,790,700
Salaries and employee benefits 372,200 467,300 1,312,400 1,703,600
IT expenses 2,400 10,400
Insurance 98,900 86,200 296,700 272,900
Marketing expenses 4,600 25,700
Interest 120,000
Other taxes 2,800
Reversal of bad debt expense (300,000)
Total operating expenses 1,581,000 2,233,800 4,773,900 4,489,300
Other income (expenses):        
Share of equity loss in an equity method investee (26,200) (40,700)
Other (expenses) income (1,900) 8,300
Total other expenses, net (28,100) (32,400)
Loss from operations before income tax expenses (1,623,700) (2,233,800) (5,046,200) (4,603,600)
Income tax benefits 13,100 10,700 72,700 6,600
Net loss and comprehensive loss (1,610,600) (2,223,100) (4,973,500) (4,597,000)
Less: Net loss and comprehensive loss attributable to non-controlling interests 137,800 245,300 528,800 724,300
Net loss and comprehensive loss attributable to Mega Matrix Corp.’s shareholders $ (1,472,800) $ (1,977,800) $ (4,444,700) $ (3,872,700)
Loss per share:        
Basic (in Dollars per share) $ (0.05) $ (0.1) $ (0.16) $ (0.21)
Diluted (in Dollars per share) $ (0.05) $ (0.1) $ (0.16) $ (0.21)
Weighted average shares used in loss per share computations:        
Basic (in Shares) 31,724,631 22,084,055 31,187,818 22,084,055
Diluted (in Shares) 31,724,631 22,084,055 31,187,818 22,084,055
Operating lease revenue        
Revenues and other income:        
Revenues and other income $ 120,000
Gamefi revenue        
Revenues and other income:        
Revenues and other income 326,800
Revenue from solo staking        
Revenues and other income:        
Revenues and other income 4,400 14,000
Revenue from provision of staking technology tools        
Revenues and other income:        
Revenues and other income $ 10,000