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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 17,819,640 $ 3,990,532
Accounts receivable, net of allowances of $4,563,884 and $2,150,684 as of December 31, 2021 and 2020, respectively 5,490,272 5,975,414
Due from related parties 137,574
Prepaid expenses and other current assets 1,175,354 507,177
Total Current Assets 24,622,840 10,473,123
Property and equipment, net 727,089 162,148
Goodwill 4,867,465 137,717
Intangible assets, net 20,485,809 5,568,452
Deferred offering costs 749,370
Other assets 296,200
Total Assets 50,703,203 17,387,010
Current Liabilities:    
Accounts payable 1,784,645 705,951
Accrued expenses and other liabilities 3,524,271 3,355,003
Due to related parties 119,015 10,853,536
Deferred acquisition payments 3,170,319
Total Current Liabilities 8,598,250 14,914,490
Other non-current liabilities 4,122,950 856,694
Total Liabilities 12,721,200 15,771,184
Commitments and contingencies (Note 12)  
Stockholders’ Equity/Member’s Equity    
Preferred stock, $0.0001 par value authorized 1,000,000 shares; 0 shares issued and outstanding as of December 31, 2021 and December 31, 2020
Common stock
Additional paid-in capital 75,651,175
Member’s equity 3,791,674
Accumulated deficit (37,988,326) (4,826,335)
Accumulated other comprehensive income (loss) (945,375) 4,928
Total Stockholders’ Equity/Member’s Deficit Attributable to Motorsport Games Inc. 36,719,338 (1,029,733)
Noncontrolling interest 1,262,665 2,645,559
Total Stockholders’ Equity/Member’s Equity 37,982,003 1,615,826
Total Liabilities and Stockholders’ Equity/Member’s Equity 50,703,203 17,387,010
Common Class A [Member]    
Stockholders’ Equity/Member’s Equity    
Common stock 1,164
Common Class B [Member]    
Stockholders’ Equity/Member’s Equity    
Common stock $ 700