Mobile Global Esports Inc. (MGAM) is a technology and intellectual-property-driven gaming and digital entertainment company focused on skill-based, data-supported, and personalized interactive experiences. The company reported a net loss of $2,262,334 for the year ended December 31, 2025, a slight improvement from a $2,328,295 net loss in 2024. Revenue from continuing operations for 2025 was approximately $3,697, primarily from its Dominus Sports beta league, compared to no revenue in 2024. Selling, general, and administrative expenses increased by 32% to $2,161,677 in 2025 from $1,632,349 in 2024, driven by higher consulting, marketing, and amortization expenses. Cash and restricted cash decreased to $573,000 as of December 31, 2025, from $837,000 in 2024. The company has an accumulated deficit of approximately $12,903,000 as of December 31, 2025. MGAM discontinued operations of its India subsidiary, MOGO Pvt Ltd, in 2025 to focus on its flagship Dominus Sports product, resulting in a loss from discontinued operations of $145,336 in 2025. In November 2025, MGAM acquired substantially all assets of Reality Sports Online (RSO) for $205,000 cash and 5,300,000 shares of common stock (valued at $646,600). The company raised capital through various convertible promissory notes and note payable agreements totaling over $1 million in gross proceeds during 2025. Management identified material weaknesses in internal control over financial reporting, including a lack of corporate accounting resources and ineffective risk assessment/monitoring of controls and cybersecurity. The company's board of directors approved an increase in authorized common stock from 100,000,000 to 300,000,000 shares in January 2026. A Standby Equity Purchase Agreement (SEPA) was entered into on December 1, 2025, allowing the company to sell up to $10 million of common stock to an institutional investor.