$AIFA

All In FutureTech Alliance, Inc.

CIK:0001708341|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Total Revenues	$ 1,247,887	$ 1,919,483	$ 2,801,151	$ 4,194,618
Costs and Expenses:
In-person (exclusive of depreciation and amortization)	450,311	617,717	780,312	1,478,271
Casual mobile gaming (exclusive of depreciation and amortization)	339,362	736,382	826,883	1,318,572
Research and development expense	38,351	166,907	246,351	347,853
Selling and marketing expense	9,465	81,671	20,434	121,658
General and administrative expenses	3,635,827	6,019,072	7,422,935	11,499,715
Gain on lease modification	(3,446,465)		(3,446,465)
Depreciation and amortization	213,779	389,712	462,994	772,150
Impairment of goodwill	920,227		920,227
Impairment of long-lived assets	1,358,362		1,358,362
Total Costs and Expenses	3,519,219	8,011,461	8,592,033	15,538,219
Income (Loss) From Operations	(2,271,332)	(6,091,978)	(5,790,882)	(11,343,601)
Other (Expense) Income:
Other (expense) income, net	(19,315)	(56,394)	(19,116)	(32,092)
Realized gain on investment in money market fund		19,588		386,109
Gain (loss) on investment in marketable securities, derivative and and short-term investments	(626,837)	787,869	(2,260,501)	512,593
(Loss) gain on foreign currency transactions, net	(224,422)	(535,745)	(1,178,688)	(1,101,041)
Change in fair value of digital assets	9,900	27,599	(55,334)	(35,221)
Interest income, net	1,190,300	1,015,094	2,127,083	1,879,399
Total Other (Expense) Income	329,626	1,258,011	(1,386,556)	1,609,747
Pre-Tax Income (Loss)	(1,941,706)	(4,833,967)	(7,177,438)	(9,733,854)
Income tax benefit
Net Income (Loss)	(1,941,706)	(4,833,967)	(7,177,438)	(9,733,854)
Less: net loss attributable to non-controlling interest	(1,381,770)	(22,833)	(1,422,619)	(86,236)
Net Income (Loss) Attributable to Common Stockholders	$ (559,936)	$ (4,811,134)	$ (5,754,819)	$ (9,647,618)
Net Income (Loss) per Common Share
Basic (in Dollars per share)	$ (0.09)	$ (0.73)	$ (0.92)	$ (1.41)
Diluted (in Dollars per share)	$ (0.09)	$ (0.73)	$ (0.92)	$ (1.41)
Weighted Average Number of Common Shares Outstanding:
Basic (in Shares)	6,218,491	6,552,039	6,223,976	6,839,150
Diluted (in Shares)	6,218,491	6,552,039	6,223,976	6,839,150
In-person
Revenues:
Total Revenues	$ 812,979	$ 1,160,995	$ 1,865,411	$ 2,817,750
Multiplatform content
Revenues:
Total Revenues		80	53	137
Casual mobile gaming
Revenues:
Total Revenues	$ 434,908	$ 758,408	$ 935,687	$ 1,376,731

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows From Operating Activities
Net loss	$ (7,177,438)	$ (9,733,854)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	140,422	379,198
Non-cash operating lease expense	77,688	600,654
Non-cash payment of legal fees		247,772
(Gain) loss on investment in short-term investments	280,906
Loss on transactions denominated in foreign currency	(146,641)	1,274,967
Gain on lease modification	(3,447,881)
(Gain) loss on investment in marketable securities and derivatives	1,979,592	(512,593)
Change in fair value of digital assets	55,334	35,221
Depreciation and amortization	462,994	772,150
Impairment of goodwill	920,227
Impairment of long-lived assets	1,358,362
CECL reserve	1,269,151
Changes in operating assets and liabilities:
Accounts receivable	(42,317)	426,329
Insurance recovery receivable		(1,313,766)
Interest receivable	(893,593)	161,713
Other receivables	2,400,000	(13,787)
Prepaid expenses and other current assets	227,242	(125,387)
Deposit	(161,244)	3,700,000
Accounts payable	1,351,901	2,051,566
Accrued expenses and other current liabilities	(1,554,810)	281,649
Operating lease liability	(89,840)	(784,424)
Deferred revenue	(26,767)	(521,535)
Total Adjustments	4,160,726	6,659,727
Net Cash Provided By (Used In) Operating Activities	(3,016,712)	(3,074,127)
Cash Flows From Investing Activities
Investment in unconsolidated affiliate		(2,451,300)
Proceeds from sale of digital assets	196,682
Purchase of land use rights		(1,680,862)
Proceeds from maturity of short-term investments	54,314,851	102,366,429
Proceeds from early withdrawal of short-term investments	57,582,511
Purchases of short-term investments	(93,241,113)	(127,458,499)
Payment for investment in marketable securities	(1,955,368)
Proceeds from sale of marketable securities	3,117,768	1,245,689
Issuance of loans receivable		(10,552,822)
Proceeds from repayment of loans receivable		4,500,000
Purchases of property and equipment		(55,536)
Net Cash Provided By (Used In) Investing Activities	20,015,331	(34,086,901)
Cash Flows From Financing Activities
Return of proceeds upon cancellation of common stock previously issued pursuant to a share purchase agreement		(6,600,000)
Proceeds from short-term loans		30,248,163
Repayment of short-term loans	(18,400,091)	(22,692,471)
Net Cash (Used In) Provided By Financing Activities	(18,400,091)	955,692
Effect of Exchange Rate Changes on Cash	1,754	38,509
Net (Decrease) Increase In Cash and Cash Equivalents	(1,399,718)	(36,166,827)
Cash and cash equivalents - Beginning of Period	11,844,107	59,242,802
Cash and cash equivalents - End of Period	10,444,389	23,075,975
Cash and cash equivalents consisted of the following:
Cash and cash equivalents	10,419,649	7,287,470
Money market funds	24,740	15,788,505
Cash and cash equivalents	10,444,389	23,075,975
Supplemental Disclosures of Cash Flow Information
Interest	167,443	129,838
Income taxes
Non-Cash Investing and Financing Activities:
Cumulative effect adjustment upon adoption of ASU 2023-08		(89,248)
ROU assets derecognized due to lease modification	$ 403,428

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash and cash equivalents	$ 10,444,389	$ 11,844,107
Short-term investments	18,727,101	37,664,254
Marketable securities	426,977	1,334,719
Interest receivable	2,301,253	1,407,660
Accounts receivable	544,249	491,640
Other receivable		2,400,000
Loans receivable	19,356,228	21,127,870
Prepaid expenses and other current assets	273,100	505,550
Total Current Assets	52,073,297	76,775,800
Property and equipment, net	290,408	373,949
Digital assets		260,652
Intangible assets, net	537,191	1,909,535
Land use rights, net	4,068,402	4,001,016
Deposits, non-current portion	742,876	493,728
Operating lease right-of-use asset	115,532	666,523
Investment in unconsolidated affiliate	3,051,300	3,051,300
Goodwill	1,330,552	2,248,074
Total Assets	62,209,558	89,780,577
Current Liabilities
Accounts payable	8,280,130	7,019,840
Accrued expenses and other current liabilities	5,314,875	6,858,536
Derivative instruments	2,936,073	657,136
Deferred revenue	191,508	218,275
Operating lease liability, current portion	116,820	1,694,951
Loans payable	14,046,103	33,140,009
Total Current Liabilities	30,885,509	49,588,747
Operating lease liability, non-current portion	46,625	2,408,227
Deferred tax liability	134,080	134,080
Total Liabilities	31,066,214	52,131,054
Commitments and Contingencies (Note 12)
Stockholders’ Equity
Preferred stock, $0.0001 par value, 1,000,000 shares authorized, Series A Preferred stock, $0.0001 par value, 50,000 shares designated, none issued and outstanding
Common stock, $0.0001 par value; 100,000,000 shares authorized, 6,800,366 and 6,664,538 shares issued at June 30, 2026 and December 31, 2025 and 6,420,316 and 6,284,488 shares outstanding at June 30, 2026 and December 31, 2025, respectively	680	666
Additional paid in capital	200,142,042	200,001,634
Accumulated deficit	(168,880,493)	(163,125,676)
Accumulated other comprehensive income	918,177	573,024
Treasury stock, at cost, 380,050 shares at June 30, 2026 and December 31, 2025	(2,694,075)	(2,694,075)
Total Allied Gaming & Entertainment Inc. Stockholders’ Equity	29,486,331	34,755,573
Non-controlling interest	1,657,013	2,893,950
Total Stockholders’ Equity	31,143,344	37,649,523
Total Liabilities and Stockholders’ Equity	$ 62,209,558	$ 89,780,577