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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenues $ 1,881,653 $ 1,739,130 $ 4,910,689 $ 3,468,485
Cost of revenues 771,647 866,167 1,438,274 2,114,903
Gross profit 1,110,006 872,963 3,472,415 1,353,582
Operating expenses:        
Sales and marketing [1] [1] 205,549 434,788 455,935 1,053,198
Development [2] [2] 868,745 1,787,768 1,932,102 4,184,902
Impairment of intangible assets 4,004,627 4,004,627
General and administrative [3] [3] 1,411,826 3,154,233 3,602,092 5,933,343
Depreciation and amortization 63,138 104,854 136,862 202,208
Total operating expenses 2,549,258 9,486,270 6,126,991 15,378,278
Gain from settlement of license liabilities 3,248,000 3,248,000
Other operating income 250,000 11,563 250,000 127,660
Income (loss) from operations 2,058,748 (8,601,744) 843,424 (13,897,036)
Interest expense (29,746) (244,750) (60,628) (443,870)
Other income (loss), net 58,481 645,612 (378,711) 880,832
Net income (loss) 2,087,483 (8,200,882) 404,085 (13,460,074)
Less: Net (loss) income attributable to non-controlling interest (288,823) 11,207 (687,530) 68,981
Net income (loss) attributable to Motorsport Games Inc. $ 2,376,306 $ (8,212,089) $ 1,091,615 $ (13,529,055)
Net income (loss) attributable to Class A common stock per share:        
Basic $ 0.87 $ (3.04) $ 0.40 $ (5.53)
Diluted $ 0.87 $ (3.04) $ 0.40 $ (5.53)
Weighted-average shares of Class A common stock outstanding:        
Basic 2,722,728 2,704,106 2,722,728 2,448,131
Diluted 2,722,728 2,704,106 2,722,728 2,448,131
[1] Includes related party expenses of $0 and $0 for the three months ended June 30, 2024 and 2023, respectively, and $0 and $17,076 for the six months ended June 30, 2024 and 2023, respectively.
[2] Includes related party expenses of $0 and $15,435 for the three months ended June 30, 2024 and 2023, respectively, and $0 and $30,923 for the six months ended June 30, 2024 and 2023, respectively.
[3] Includes related party expenses of $70,055 and $89,831 for the three months ended June 30, 2024 and 2023, respectively, and $151,272 and $181,876 for the six months ended June 30, 2024 and 2023, respectively.