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ESPORTS ENTERTAINMENT GROUP INC

For the period ended Dec 31, 2023. Filed Mar 27, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2023 · Filed Mar 27, 2024

GMBLP$0.020.0%Stored close · as of Jun 29, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended:December 31, 2023

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________________ to __________________

Commission File Number:001-39262

ESPORTS ENTERTAINMENT GROUP, INC.

(Exact name of registrant as specified in its charter)

Nevada26-3062752
(State or other jurisdiction of incorporation or organization)(IRS Employer Identification No.)

Block 6, Triq Paceville

St. Julians, Malta, STJ 3109

(Address of principal executive offices) (Zip Code)

356 2713 1276

(Registrant’s telephone number, including area code)

(Former name, former address and formal fiscal year, if changed since last report)

Securities registered pursuant to Section 15(d) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common StockGMBLOTC Pink
Common Stock Purchase WarrantsGMBLWOTC Pink
10.0% Series A Cumulative Redeemable Convertible Preferred StockGMBLPOTC Pink
Common Stock Purchase WarrantsGMBLZOTC Pink

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in rule 12b-2 of the Exchange Act). Yes ☐ No☒

As of March 26, 2024, there were 1,145,980 shares of common stock, par value $0.001 issued and outstanding.

ESPORTS ENTERTAINMENT GROUP, INC.

Quarterly Report on Form 10-Q

For the Quarter ended December 31, 2023

TABLE OF CONTENTS

PART I: FINANCIAL INFORMATION1
Item 1. Financial Statements1
Condensed Consolidated Balance Sheets as of December 31, 2023 (unaudited) and June 30, 20231
Condensed Consolidated Statements of Operations for the Three and Six Months Ended December 31, 2023 and 2022 (unaudited)2
Condensed Consolidated Statements of Comprehensive Loss for the Three and Six Months Ended December 31, 2023 and 2022 (unaudited)3
Condensed Consolidated Statements of Changes in Mezzanine Equity and Stockholders’ Equity (Deficit) For the Three and Six Months Ended December 31, 2023 and 2022 (unaudited)4
Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2023 and 2022 (unaudited)5
Notes to Unaudited Condensed Consolidated Financial Statements7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations30
Item 3. Quantitative and Qualitative Disclosures about Market Risk37
Item 4. Controls and Procedures37
PART II: OTHER INFORMATION38
Item 1. Legal Proceedings38
Item 1A. Risk Factors38
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds38
Item 3. Defaults Upon Senior Securities38
Item 4. Mine Safety Disclosures38
Item 5. Other Information39
Item 6. Exhibits39
Signatures40

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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.