$MEGL
Magic Empire Global Ltd
CIK:0001881472|SEC Filings
Consolidated Statements of Operations |
12 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2025
USD ($)
$ / shares
shares
|
Dec. 31, 2025
HKD ($)
$ / shares
shares
|
Dec. 31, 2024
USD ($)
shares
|
Dec. 31, 2024
HKD ($)
$ / shares
shares
|
Dec. 31, 2023
USD ($)
shares
|
Dec. 31, 2023
HKD ($)
$ / shares
shares
|
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| Income Statement [Abstract] | ||||||||
| REVENUE | $ 1,481,248 | $ 11,529,000 | $ 12,784,230 | $ 13,792,030 | ||||
| OPERATING EXPENSES: | ||||||||
| Selling, general and administrative expenses | (3,025,224) | (23,546,235) | (23,009,770) | (16,604,828) | ||||
| Total operating expenses | (3,025,224) | (23,546,235) | (23,009,770) | (16,604,828) | ||||
| LOSS FROM OPERATIONS | (1,543,976) | (12,017,235) | (10,225,540) | (2,812,798) | ||||
| OTHER INCOME (EXPENSE) | ||||||||
| Interest income | 503,052 | 3,915,403 | 4,450,922 | 4,258,450 | ||||
| Other income | 172,832 | |||||||
| Gain on sale of investment | $ 142,099 | 1,105,998 | ||||||
| Other expenses | (26,573) | (206,828) | (61,232) | (139,296) | ||||
| Loss due to mark-to-market for a derivative asset | $ (252,207) | (1,963,000) | ||||||
| Total other income, net | 476,479 | 3,708,575 | 5,495,688 | 2,328,986 | ||||
| LOSS BEFORE INCOME TAXES | (1,067,497) | (8,308,660) | (4,729,852) | (483,812) | ||||
| INCOME TAX EXPENSES | ||||||||
| NET LOSS | $ (1,067,497) | $ (8,308,660) | $ (4,729,852) | $ (483,812) | ||||
| WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES | ||||||||
| Basic* | [1] | 5,064,050 | 5,064,050 | 5,064,050 | 5,064,050 | 5,064,050 | 5,064,050 | |
| Diluted* | [1] | 5,064,050 | 5,064,050 | 5,064,050 | 5,064,050 | 5,064,050 | 5,064,050 | |
| LOSS PER SHARE | ||||||||
| Basic* | (per share) | [1] | $ (0.21) | $ (1.64) | $ (0.93) | $ (0.10) | |||
| Diluted* | (per share) | [1] | $ (0.21) | $ (1.64) | $ (0.93) | $ (0.10) | |||
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Consolidated Balance Sheets |
Dec. 31, 2025
USD ($)
|
Dec. 31, 2025
HKD ($)
|
Dec. 31, 2024
HKD ($)
|
||
|---|---|---|---|---|---|
| Current assets: | |||||
| Cash | $ 15,511,392 | $ 120,729,816 | $ 127,511,687 | ||
| Accounts receivable | 58,064 | 451,927 | 1,794,218 | ||
| Interest receivables | 840 | 6,538 | 449,605 | ||
| Deposits and prepayments | 126,960 | 988,173 | 885,448 | ||
| Total current assets | 15,697,256 | 122,176,454 | 130,640,958 | ||
| Non-current assets: | |||||
| Property and equipment, net | 119,874 | 933,018 | 1,314,011 | ||
| Right-of-use assets | 350,937 | 2,731,445 | 4,188,215 | ||
| Total non-current assets | 470,811 | 3,664,463 | 5,502,226 | ||
| Total assets | 16,168,067 | 125,840,917 | 136,143,184 | ||
| Current liabilities: | |||||
| Accruals and other payables | 88,532 | 689,063 | 693,234 | ||
| Contract liabilities | 110,364 | 859,000 | 1,644,000 | ||
| Operating lease liabilities | 204,996 | 1,595,543 | 1,204,436 | ||
| Total current liabilities | 403,892 | 3,143,606 | 3,541,670 | ||
| Non-current liabilities: | |||||
| Operating lease liabilities | 188,604 | 1,467,966 | 3,063,509 | ||
| Total non-current liabilities | 188,604 | 1,467,966 | 3,063,509 | ||
| Total liabilities | 592,496 | 4,611,572 | 6,605,179 | ||
| COMMITMENTS AND CONTINGENCIES | |||||
| SHAREHOLDERS’ EQUITY | |||||
| Additional paid-in capital | 17,815,433 | 138,662,858 | 138,662,858 | ||
| Accumulated deficit | (2,241,895) | (17,449,339) | (9,140,679) | ||
| Total shareholders' equity | 15,575,571 | 121,229,345 | 129,538,005 | ||
| Total liabilities and shareholders' equity | 16,168,067 | 125,840,917 | 136,143,184 | ||
| Common Class A [Member] | |||||
| SHAREHOLDERS’ EQUITY | |||||
| Ordinary shares value | [1] | 1,631 | 12,701 | 12,701 | |
| Common Class B [Member] | |||||
| SHAREHOLDERS’ EQUITY | |||||
| Ordinary shares value | [1] | $ 402 | $ 3,125 | $ 3,125 | |
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