$MPU

Mega Matrix Inc

CIK:0001953021|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Revenues	$ 26,105,600	$ 36,184,000
Cost of revenues	(11,710,500)	(15,164,500)
Gross profit	14,395,100	21,019,500
Operating expenses:
Selling expenses	(12,382,400)	(22,555,700)	(28,000)
General and administrative expenses	(30,943,200)	(10,082,200)	(5,236,900)
Total operating expenses	(43,325,600)	(32,637,900)	(5,264,900)
Loss from operations	(28,930,500)	(11,618,400)	(5,264,900)
Other income (expenses):
Changes in fair value of digital assets	(5,521,300)	2,238,700	1,721,900
Share of equity loss	(300)	(19,200)	(75,200)
Impairment of long-term investments		(770,800)
Changes in fair value of trading securities	21,400	(36,400)
Investment loss on trading securities	(25,900)	(740,100)
Interest income, net	101,900	131,300
Other income, net	60,000	35,800	58,200
Total other (expenses) income, net	(5,364,200)	839,300	671,800
Loss from operations before income tax	(34,294,700)	(10,779,100)	(4,593,100)
Loss from dissolution of subsidiaries			(1,033,100)
Income tax (expenses) benefits	(1,600)	275,400	(87,100)
Net loss and comprehensive loss	(34,296,300)	(10,503,700)	(4,680,200)
Less: Net loss and comprehensive loss attributable to non-controlling interests		(1,620,300)	(615,800)
Net loss and comprehensive loss attributable to Mega Matrix Inc.’s stockholders	$ (34,296,300)	$ (8,883,400)	$ (4,064,400)
Loss per share:
Basic (in Dollars per share)	$ (0.75)	$ (0.23)	$ (0.13)
Diluted (in Dollars per share)	$ (0.75)	$ (0.23)	$ (0.13)
Weighted average shares used in loss per share computations:
Basic (in Shares)	45,723,613	37,998,749	31,323,124
Diluted (in Shares)	45,723,613	37,998,749	31,323,124

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating activities:
Net loss	$ (34,296,300)	$ (10,503,700)	$ (4,680,200)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	4,995,900	4,599,000
Impairment of content assets	8,700	3,000
Share-based compensation for employees	8,712,800	1,355,800
Share-based compensation for non-employees	10,725,900	146,400	237,700
Gain of digital assets from revenues		(14,300)	(47,800)
(Gain) loss from exchange of digital assets	(1,120,700)	(24,600)	900
Changes in fair value of digital assets	5,521,300	(2,238,700)	(1,721,900)
Interest income from loans receivable due from a related party	(17,100)	(16,000)
Share of equity loss in an equity method investee	300	19,200	75,200
Loss from dissolution of subsidiaries			1,033,100
Changes in fair value of trading securities	(21,400)	36,400
Impairment of long-term investments		770,800
Deferred tax benefits		(277,000)
Changes in operating assets and liabilities:
Stable coins		1,500,000
Digital assets		12,307,100
Accounts receivable	(86,000)	(99,300)
Prepaid expenses and other assets	822,000	(2,300,700)
Due from a related party	(6,200)
Current content assets, net	(4,333,800)	(4,558,200)	324,400
Taxes receivable			1,095,600
Accounts payable	(225,100)	957,100
Contract liabilities	(357,300)	1,700,500
Income taxes payable	1,600	1,600	124,200
Other current liabilities and accrued expenses	(230,500)	756,800	557,400
Net cash (used in) provided by operating activities	(9,905,900)	4,121,200	(3,001,400)
Investing activities:
Purchases of digital assets	(1,448,200)		(3,146,600)
Purchases of stable coins		(610,000)	(139,900)
Investment in equity investees	(276,700)	(500,000)	(1,546,000)
Loans made to a related party		(850,000)
Repayment of loans from a related party	111,900
Investment in trading securities	(19,800)	(267,800)
Redemption of investments in trading securities	44,200	224,400
Acquisition of net assets of a subsidiary		118,300
Net cash used in investing activities	(1,588,600)	(1,885,100)	(4,832,500)
Financing activities:
Subscription fee advanced from investors		3,504,900	2,280,100
Proceeds from issuance of common stocks pursuant to private placements	7,100,000		1,420,000
Proceeds from issuance of common stocks pursuant to at the market offering	2,821,100
Capital injection from a non-controlling shareholder			88,900
Capital withdrawal by a non-controlling shareholder			(88,900)
Net cash provided by financing activities	9,921,100	3,504,900	3,700,100
Net (decrease) increase in cash and cash equivalents	(1,573,400)	5,741,000	(4,133,800)
Cash, cash equivalents, beginning of year	8,870,800	3,129,800	7,263,600
Cash, cash equivalents, end of year	7,297,400	8,870,800	3,129,800
Supplemental Cash Flow Information
Payment of interest expenses
Payment of income tax expenses
Non-cash Investing and Financing activities
Subscription fee advanced from investors in the form of USDC and USDT			475,000
Subscription fee paid from investors in the form of USDC and USDT	8,900,000	2,675,000
Purchase of digital assets in the form of USDT	7,398,200
Issuance of common stocks to settle subscription fee advanced from investors		$ 2,755,100	$ 6,604,000

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current Assets:
Cash and cash equivalents	$ 7,297,400	$ 8,870,800
Trading securities	4,100	7,000
Stable coins	100
Digital assets	5,760,400
Accounts receivable	508,800	422,800
Prepaid expenses and other assets	2,352,900	3,175,100
Current content assets, net	966,300	1,566,800
Total current assets	17,667,400	14,908,500
Non-current Assets:
Long-term investments	1,757,200	1,480,800
Goodwill	2,889,200	2,889,200
Content assets, net	113,500	183,800
Total non-current assets	4,759,900	4,553,800
Total assets	22,427,300	19,462,300
Current liabilities:
Accounts payable	775,300	1,000,500
Contract liabilities	1,738,200	2,095,500
Income taxes payable	4,400	2,700
Other current liabilities and accrued expenses	1,837,600	2,255,300
Total liabilities	4,355,500	5,354,000
Commitments and contingencies (Note 12)
Shareholders’ Equity:
Preferred stock, $0.001 par value, 2,000,000 shares authorized, no shares issued and outstanding
Paid-in capital	78,637,900	40,405,400
Accumulated deficit	(60,633,900)	(26,337,600)
Total shareholder’s equity	18,071,800	14,108,300
Total liabilities and shareholder’s equity	22,427,300	19,462,300
Class A Ordinary Shares
Shareholders’ Equity:
Ordinary shares, value	61,900	34,600
Class B Ordinary Shares
Shareholders’ Equity:
Ordinary shares, value	2,800	5,900
Class C Ordinary Shares
Shareholders’ Equity:
Ordinary shares, value	3,100
Related party
Current Assets:
Loans receivable - a related party	771,200	866,000
Due from a related party	$ 6,200