电子竞技娱乐集团股份有限公司2024年度报告

Annual ReportFor the period endingJune 30, 2025(the “Reporting Period”) The number of shares outstanding of our Common Stock is1,145,980as ofJune 30, 2025.The number of sharesoutstanding of our Common Stock was1,145,980as ofJune 30, 2024(end of previous reporting period). General Company InformationItem 1The exact name of the issuer and its predecessor (if any): Esports Entertainment Group, Inc. (“EEG”or “the Company”)(Since 2017).The current active state of incorporationis Nevada. Item 2 The address of the issuer’s principal executive offices and address(es) of the issuer’s principal place ofbusiness: 170, Pater House, Level 1 (suite A308),Psaila Street, Birkirkara,BKR 9077, Malta(Address of principal executive offices) (Zip Code)https://esportsentertainmentgroup.com(Company website)ir@esportsentertainmentgroup.com(Company email)170, Pater House, Level 1 (suite A308),Psaila Street, Birkirkara,BKR 9077, Malta(Address of principal executive offices) (Zip Code) The Company was formed in the state of Nevada on July 22, 2008 and is currently active. The Company is a diversifiedoperator of iGaming betting and esports business with a global footprint.The Company’s strategy is to build and growits iGaming betting platforms and esports software management platform.On March 1, 2021, the Company completedthe acquisition of the operating assets and specified liabilities that comprise the online gaming operations of LuckyDino Gaming Limited, a company registered in Malta, and Hiidenkivi Estonia OU, its wholly owned subsidiaryregistered in Estonia (collectively referred to as “Lucky Dino”). On June 1, 2021, the Company acquired ggCircuit,LLC (“GGC”). GGC is a business-to-business software company that provides cloud-based management for gamingcenters, an integrated wallet and point-of-sale solutions. ESPORTS ENTERTAINMENT GROUP, INC. AnnualReport For theYear EndedJune 30, 2025 Esports Entertainment Group, Inc.Consolidated Statements of Operations Esports Entertainment Group, Inc.Consolidated Statements of Comprehensive Loss Esports Entertainment Group, Inc.Consolidated Statements of Cash Flows Reconciliation of cash and restricted cash to theunauditedconsolidated balance sheets: Reconciliation of cash and restricted cash to theunauditedconsolidated balance sheets: June 30, 2023Cash$1,745,298Restricted cash168,304$1,913,602 The accompanying notes are an integral part of theseunauditedconsolidated financial statements. Esports Entertainment Group, Inc.Notes totheUnauditedConsolidated Financial Statements Note 1–Nature of Operations Esports Entertainment Group, Inc. (the “Company”) was formed in the state of Nevada on July 22, 2008 under thename Virtual Closet, Inc., before changing its name to DK Sinopharma, Inc. on June 6, 2010 and then to VGambling,Inc. on August 12, 2014. On orabout April 24, 2017, VGambling, Inc. changed its name to Esports EntertainmentGroup, Inc. The Company is a diversified operator of iGamingbettingand esports business with a global footprint. The Company’sstrategy is to build andgrow itsiGaming betting platforms andesports software management platform. On March 1,2021, the Company completed the acquisition of the operating assets and specified liabilities that comprise the onlinegaming operations of Lucky Dino Gaming Limited, a company registered in Malta, and Hiidenkivi Estonia OU, itswholly ownedsubsidiary registered in Estonia (collectively referred to as “Lucky Dino”). On June 1, 2021, theCompany acquired ggCircuit, LLC (“GGC”). GGC is a business-to-business software company that provides cloud-based management for gaming centers,anintegrated wallet and point-of-sale solutions.The core businesses of theCompany include Lucky Dino of EEG iGaming and GGC of EEG Games (seeReportable Segments). On February 13, 2024, the Company announced it was voluntarily delisting from the Nasdaq Capital Markets, LLC(“Nasdaq”). On February 21, 2024 the Company began trading on the Over the Counter Market (the “OTC”). OnFebruary 27, 2024, the Company filed a Form 25 with the SEC to effect the delisting of its securities from Nasdaq.The Company is now subject to listing requirements of the OTCalternative reporting requirements. Note 2–Summary of Significant Accounting Policies Basis of presentation and principles of consolidation The accompanyingunauditedconsolidated financial statements and related notes have been prepared in accordancewith accounting principles generally accepted in the United States of America (“U.S. GAAP”). Theunauditedconsolidated financial statements reflect all adjustments (consisting of normal recurring accruals) which are, in theopinion of management, necessary to fairly state the results for the periods presented.Theunauditedconsolidatedfinancial statements should be read along withany other public information provided by the Company.Theunauditedconsolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All materialint