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Motorsport Games Inc. (MSGM) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

Motorsport Games Inc.

CIK: 1821175 Ticker: MSGM
Cover - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Mar. 28, 2022
Jun. 30, 2021
Entity Information [Line Items]    
Document Type10-K   
Amendment Flagfalse   
Document Annual Reporttrue   
Document Transition Reportfalse   
Document Period End DateDec. 31, 2021   
Document Fiscal Period FocusFY   
Document Fiscal Year Focus2021   
Current Fiscal Year End Date--12-31   
Entity File Number001-39868   
Entity Registrant NameMotorsportGames Inc.   
Entity Central Index Key0001821175   
Entity Tax Identification Number86-1791356   
Entity Incorporation, State or Country CodeDE   
Entity Address, Address Line One5972 NE 4th Avenue   
Entity Address, City or TownMiami   
Entity Address, State or ProvinceFL   
Entity Address, Postal Zip Code33137   
City Area Code(305)   
Local Phone Number507-8799   
Title of 12(b) SecurityClass A common stock, $0.0001 par value per share   
Trading SymbolMSGM   
Security Exchange NameNASDAQ   
Entity Well-known Seasoned IssuerNo   
Entity Voluntary FilersNo   
Entity Current Reporting StatusYes   
Entity Interactive Data CurrentYes   
Entity Filer CategoryNon-accelerated Filer   
Entity Small Businesstrue   
Entity Emerging Growth Companytrue   
Elected Not To Use the Extended Transition Periodfalse   
Entity Shell Companyfalse   
Entity Public Float   $ 64,902,558
Documents Incorporated By ReferencePortionsof the registrant’s definitive proxy statement relating to its 2022 annual meeting of stockholders are incorporated by referenceinto Part III of this Annual Report on Form 10-K where indicated. Such proxy statement will be filed with the U.S. Securities and ExchangeCommission within 120 days after the end of the fiscal year to which this report relates.   
ICFR Auditor Attestation Flagfalse   
Auditor Firm ID24857  
Auditor NameGRANT THORNTON LLPDixon Hughes Goodman LLP  
Auditor LocationMiami,FloridaRaleigh,North Carolina  
Common Class A [Member]    
Entity Information [Line Items]    
Entity Common Stock, Shares Outstanding  11,673,587 
Common Stock, Voting RightsClassA common stock, with 1 vote per share   
Common Class A [Member] | Motorsport Network [Member]    
Entity Information [Line Items]    
Entity Common Stock, Shares Outstanding  7,000,000 
Common Stock, Voting Rights1vote per share   
Common Class B [Member]    
Entity Information [Line Items]    
Entity Common Stock, Shares Outstanding  7,000,000 
Common Stock, Voting RightsClass B common stock, with 10 votes per share   
Common Class B [Member] | Motorsport Network L L C [Member]    
Entity Information [Line Items]    
Entity Common Stock, Shares Outstanding  7,000,000 

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Assess how Motorsport Games Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
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Motorsport Games Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Inside Motorsport Games Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity/Member's Equity
Consolidated Statements Of Changes In Stockholders' Equity/Member's Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Accrued Expenses And Other Liabilities
Accrued Expenses And Other Liabilities (Tables)
Acquisitions
Acquisitions (Details Narrative)
Acquisitions (Tables)
Business Organization, Nature Of Operations And Risks And Uncertainties
Business Organization, Nature Of Operations And Risks And Uncertainties (Details Narrative)
Commitments And Contingencies
Commitments And Contingencies (Details Narrative)
Commitments And Contingencies (Tables)
Concentrations
Concentrations (Tables)
Due To/From Related Parties
Due To/From Related Parties (Details Narrative)
Goodwill
Goodwill (Tables)
Income Taxes
Income Taxes (Details Narrative)
Income Taxes (Tables)
Intangible Assets
Intangible Assets (Details Narrative)
Intangible Assets (Tables)
Property And Equipment
Property And Equipment (Details Narrative)
Property And Equipment (Tables)
Related Party Transactions
Related Party Transactions (Details Narrative)
Schedule Of Accrued Expenses (Details)
Schedule Of Accumulated Amortization Of Intangible Assets (Details)
Schedule Of Calculation Weighted Average Dilutive Common Shares (Details)
Schedule Of Components Of Deferred Tax Assets And Liabilities (Details)
Schedule Of Concentrations (Details)
Schedule Of Effective Income Tax Rate And The Federal Statutory Income Tax Rate (Details)
Schedule Of Estimated Aggregate Amortization Expense Of Intangible Assets (Details)
Schedule Of Fair Value Stock Option Weighted Average Assumptions (Details)
Schedule Of Future Minimum Payment Under Non-Operating Leases (Details)
Schedule Of Goodwill (Details)
Schedule Of Intangible Assets (Details)
Schedule Of Intangible Assets Acquisition (Details)
Schedule Of Intangible Assets Estimated Useful Lives (Details)
Schedule Of Property And Equipment (Details)
Schedule Of Segment Reporting Information (Details)
Schedule Of Stock Based Compensation Expense (Details)
Schedule Of Stock Options Activity (Details)
Segment Reporting
Segment Reporting (Details Narrative)
Segment Reporting (Tables)
Share-Based Compensation
Share-Based Compensation (Details Narrative)
Share-Based Compensation (Tables)
Stockholders??? Equity
Stockholders??? Equity (Details Narrative)
Subsequent Events
Subsequent Events (Details Narrative)
Summary Of Aggregate Purchase Price (Details)
Summary Of Debt Free Net Working Capi Tal Deficit (Details)
Summary Of Revenue Recognized (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Details Narrative)
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Ticker: MSGM
CIK: 1821175
Form Type: 10-K Annual Report
Accession Number: 0001493152-22-008160
Submitted to the SEC: Wed Mar 30 2022 4:11:22 PM EST
Accepted by the SEC: Wed Mar 30 2022
Period: Friday, December 31, 2021
Industry: Prepackaged Software

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