Super League Enterprise, Inc. Files 2023 Annual Report

TL;DR

<b>Super League Enterprise, Inc. has filed its 2023 10-K report detailing financial performance and business activities.</b>

AI Summary

Super League Enterprise, Inc. (SLE) filed a Annual Report (10-K) with the SEC on April 15, 2024. The company filed its 10-K for the fiscal year ending December 31, 2023. The filing includes financial data and business operations for the period. Previous periods' data for Retained Earnings and Additional Paid-In Capital were noted. Subsequent events include share-based compensation awards and employee stock options granted on March 19, 2024. The company also reported on its Minehut segment and consulting fees for directors.

Why It Matters

For investors and stakeholders tracking Super League Enterprise, Inc., this filing contains several important signals. The 10-K filing provides a comprehensive overview of the company's financial health and operational status for the fiscal year 2023, which is crucial for investors to assess performance and future prospects. Disclosure of subsequent events, such as stock options and awards, offers insight into management's compensation strategies and potential future dilution.

Risk Assessment

Risk Level: — Super League Enterprise, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine disclosure for public companies and does not inherently contain negative or positive surprises.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Super League Enterprise's current financial position and strategic outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-04-15 — Filing Date (Date of submission)
• 2024-03-19 — Subsequent Event Date (Date of stock awards and options)

Key Players & Entities

• Super League Enterprise, Inc. (company) — Filer name
• Super League Gaming, Inc. (company) — Former company name
• Nth Games, Inc. (company) — Former company name

FAQ

Industry Context

Super League Enterprise, Inc. operates within the technology and services sector, focusing on integrated systems design.

Regulatory Implications

The filing adheres to the requirements of the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and cash flow.
2. Review the 'Risk Factors' section for potential business challenges.
3. Examine 'Subsequent Events' for any material changes post-fiscal year-end.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-04-15: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

This is the 2023 10-K filing, providing the latest annual financial overview.

Key Financial Figures

• $0.001 — registered Common Stock, par value $0.001 per share SLE NASDAQ Capital Market

Filing Documents

• slgg20231231_10k.htm (10-K) — 3011KB
• ex_648134.htm (EX-3.11) — 136KB
• ex_648135.htm (EX-10.55) — 202KB
• ex_652252.htm (EX-21.1) — 7KB
• ex_644473.htm (EX-23.1) — 2KB
• ex_644474.htm (EX-23.2) — 2KB
• ex_653321.htm (EX-31.1) — 12KB
• ex_653322.htm (EX-31.2) — 13KB
• ex_653323.htm (EX-32.1) — 6KB
• ex_640105.htm (EX-97.1) — 26KB
• 0001437749-24-011939.txt (&nbsp;) — 14606KB
• slgg-20231231.xsd (EX-101.SCH) — 107KB
• slgg-20231231_def.xml (EX-101.DEF) — 752KB
• slgg-20231231_lab.xml (EX-101.LAB) — 649KB
• slgg-20231231_pre.xml (EX-101.PRE) — 800KB
• slgg-20231231_cal.xml (EX-101.CAL) — 64KB
• slgg20231231_10k_htm.xml (XML) — 2578KB

Risk Factors

Risk Factors 7 1B. Unresolved Staff Comments 34 1C. Cybersecurity 34 2.

Properties

Properties 35 3.

Legal Proceedings

Legal Proceedings 35 4. Mine Safety Disclosures 35 PART II 5. Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 36 6. [Reserved] 36 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 36 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 57 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 57 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 57 9A.

Controls and Procedures

Controls and Procedures 57 9B. Other Information 59 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 59 PART III 10. Directors, Executive Officers and Corporate Governance 60 11.

Executive Compensation

Executive Compensation 60 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 60 13. Certain Relationships and Related Transactions, and Director Independence 60 14. Principal Accounting Fees and Services 60 PART IV 15. Exhibits and Financial Statement Schedules 61 EXHIBIT INDEX 61

SIGNATURES

SIGNATURES F-44 References in this Annual Report on Form 10-K to "Super League Enterprise, Inc.," "Super League," "Company," "we," "us," "our," or similar references mean Super League Enterprise, Inc. References to the "SEC" refer to the U.S. Securities and Exchange Commission. 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. Table of Contents 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

Business

Item 1. Business Overview Super League Enterprise, Inc. (Nasdaq: SLE) ("Super League," the "Company," "we," "us" or "our") is a leading creator and publisher of content experiences and media solutions across the world's largest immersive platforms. From open gaming powerhouses such as Roblox, Minecraft and Fortnite Creative, to bespoke worlds built using the most advanced 3D creation tools, Super League's innovative solutions provide incomparable access to massive audiences who gather in immersive digital spaces to socialize, play, explore, collaborate, shop, learn and create. As a true end-to-end activation partner for dozens of global brands, Super League offers a complete range of development, distribution, monetization and optimization capabilities designed to engage users through dynamic, energized programs. As an originator of new experiences fueled by a network of top developers, a comprehensive set of proprietary creator tools and a future-forward team of creative professionals, Super League accelerates intellectual property ("IP") and audience success within the fastest growing sector of the media industry. We generate revenue from (i) innovative advertising including immersive game world and experience publishing and in-game media products, (ii) direct to consumer offers, including in-game items, e-commerce, game passes and ticketing and digital collectibles, and (iii) content and technology through the production and distribution of our own, advertiser and third-party content. We operate in one reportable segment to reflect the way management and our chief operating decision maker review and assess the performance of the business. Our Strategy We believe that virtual world platforms are where the next generation lives and are a launchpad of unlimited new interactive worlds and content. In a world of blended physical-to-digital lives and smarter, more immersive screens, consumer expectations are increasing for more customized and personalized digi

View Full Filing

View this 10-K filing on SEC EDGAR