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Super League Enterprise, Inc.

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 31, 2025

SLE$4.38+1.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Table of Contents

Item No. · Page No.
PART I
1.Business2
1A.Risk Factors8
1B.Unresolved Staff Comments37
1C.Cybersecurity37
2.Properties38
3.Legal Proceedings38
4.Mine Safety Disclosures38
PART II
5.Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities39
6.[Reserved]39
7.Management’s Discussion and Analysis of Financial Condition and Results of Operations39
7A.Quantitative and Qualitative Disclosures About Market Risk68
8.Financial Statements and Supplementary Data68
9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure68
9A.Controls and Procedures68
9B.Other Information70
9C.Disclosure Regarding Foreign Jurisdictions That Prevent Inspections70
PART III
10.Directors, Executive Officers and Corporate Governance71
11.Executive Compensation71
12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters71
13.Certain Relationships and Related Transactions, and Director Independence71
14.Principal Accounting Fees and Services71
PART IV
15.Exhibits and Financial Statement Schedules72
EXHIBIT INDEX72
SIGNATURESF-50

References in this Annual Report on Form 10-K

References to“Super League Enterprise, Inc.,”* “Super League,” “Company,” “we,” “us,” “our,” or similar references mean Super League Enterprise, Inc.*

References to“the Board”* and*“our Board”* mean the Board of Directors of Super League Enterprise, Inc.*

References to the“SEC”* refer to the U.S. Securities and Exchange Commission.*

References to Fiscal Year 2024 mean the year ended December 31, 2024. References to Fiscal Year 2023 mean the year ended December 31, 2023. References to Fiscal Year 2021 mean the year ended December 31, 2021.

All references to“Note,”* followed by a number reference from one to twelve herein, refer to the applicable corresponding numbered footnotes to the consolidated financial statements contained elsewhere herein.*

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Annual Report on Form 10-K (this “Report”) contains forward-looking statements that involve substantial risks and uncertainties. The forward-looking statements are contained principally in the sections of this Report entitled “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business,” but are also contained elsewhere in this Report. In some cases, you can identify forward-looking statements by the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “predict,” “project,” “potential,” “should,” “will,” or “would,” or the negative of these terms, or other comparable terminology intended to identify statements about the future. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this Report, we caution you that these statements are based on a combination of facts and factors currently known by us and our expectations of the future, about which we cannot be certain. Forward-looking statements include statements about:

●overall strength and stability of general economic conditions and of the electronic video game industry in the United States and globally;
●changes in consumer demand for, and acceptance of, our services and the games that we license for our tournaments and other experiences, as well as online gaming in general;
●changes in the competitive environment, including adoption of technologies, services and products that compete with our own;
●our ability to generate consistent revenue;
●our ability to effectively execute our business plan;
●changes in the price of streaming services, licensing fees, and network infrastructure, hosting and maintenance;
●changes in laws or regulations governing our business and operations;
●our ability to maintain adequate liquidity and financing sources and an appropriate level of debt on terms favorable to us;
●our ability to effectively market our services;
●costs and risks associated with litigation;
●our ability to obtain and protect our existing intellectual property protections, including patents, trademarks and copyrights;
●our ability to obtain and enter into new licensing agreements with game publishers and owners;
●changes in accounting principles, or their application or interpretation, and our ability to make estimates and the assumptions underlying the estimates, which could have an effect on earnings;
●interest rates and the credit markets; and
●other risks described from time to time in periodic and current reports that we file with the SEC.

This list of factors that may affect future performance and the accuracy of forward-looking statements is illustrative, but not exhaustive. New risk factors and uncertainties not described here or elsewhere in this Report, including in the sections entitled “Risk Factors,” may emerge from time to time. Moreover, because we operate in a competitive and rapidly changing environment, it is not possible for our management to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. The forward-looking statements are also subject to the risks and uncertainties specific to our Company, including but not limited to the fact that we have a limited operating history as a public company. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this Report may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.

You should not rely upon forward-looking statements as predictions of future events. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or occur. Moreover, neither we nor any other person assume responsibility for the accuracy and completeness of the forward-looking statements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

You should read this Report, any documents referenced herein, and those documents filed as exhibits to this Report with the understanding that our actual future results, levels of activity, performance and achievements may be materially different from what we expect.

Use of Market and Industry Data

This Report includes market and industry data that we have obtained from third party sources, including industry publications, as well as industry data prepared by our management on the basis of its knowledge of and experience in the industries in which we operate (including our management’s estimates and assumptions relating to such industries based on that knowledge). Management has developed its knowledge of such industries through its experience and participation in these industries. While our management believes the third-party sources referred to in this Report are reliable, neither we nor our management have independently verified any of the data from such sources referred to in this Report or ascertained the underlying economic assumptions relied upon by such sources. Furthermore, references in this Report to any publications, reports, surveys or articles prepared by third parties should not be construed as depicting the complete findings of the entire publication, report, survey or article. The information in any such publication, report, survey or article is not incorporated by reference in this Report.

Forecasts and other forward-looking information obtained from these sources involve risks and uncertainties and are subject to change based on various factors, including those discussed in sections entitled “Forward-Looking Statements,” “Item 1A. Risk Factors” and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Report.

AVAILABLE INFORMATION

Our Internet address is www.superleague.com. At our Investor Relations website, ir.superleague.com, we make available free of charge a variety of information for investors.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.