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10-K Filing

SIGNING DAY SPORTS, INC. CIK: 1898474 FY 2023
Filing Information
Form Type 10-K
Accession Number 0001213900-24-028032
Period End Date 20231231
Filing Date 20240329
Fiscal Year 2023
Fiscal Period FY
XBRL Instance ea0202749-10k_signing_htm.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Common stock, par value (in Dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value (in Dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $254.41K USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 150.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.12M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 150.00M shares Point-in-time
Short term investments ShortTermInvestments - USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 13.25M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 8.09M shares Point-in-time
Short term investments ShortTermInvestments $2.11M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 8.09M shares Point-in-time
Accounts receivable AccountsReceivableNetCurrent $15.67K USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 13.25M shares Point-in-time
Accounts receivable AccountsReceivableNetCurrent $58.77K USD Point-in-time
Prepaid expense PrepaidExpenseCurrent $125.84K USD Point-in-time
Prepaid expense PrepaidExpenseCurrent $13.84K USD Point-in-time
Other current assets OtherAssetsCurrent $68.50K USD Point-in-time
Other current assets OtherAssetsCurrent $17.41K USD Point-in-time
Total current assets AssetsCurrent $301.33K USD Point-in-time
Total current assets AssetsCurrent $3.49M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $5.08K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $10.30K USD Point-in-time
Internally developed software, net CapitalizedComputerSoftwareNet $895.53K USD Point-in-time
Internally developed software, net CapitalizedComputerSoftwareNet - USD Point-in-time
Operating lease right of use asset, net OperatingLeaseRightOfUseAsset - USD Point-in-time
Operating lease right of use asset, net OperatingLeaseRightOfUseAsset $208.44K USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $20.90K USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $34.53K USD Point-in-time
Deferred tax asset DeferredIncomeTaxAssetsNet $100.00K USD Point-in-time
Deferred tax asset DeferredIncomeTaxAssetsNet $65.00K USD Point-in-time
Other assets OtherAssetsNoncurrent $24.00K USD Point-in-time
Other assets OtherAssetsNoncurrent $8.00K USD Point-in-time
Total assets Assets $454.16K USD Point-in-time
Total assets Assets $4.70M USD Point-in-time
Accounts payable AccountsPayableCurrent $614.16K USD Point-in-time
Accounts payable AccountsPayableCurrent $804.53K USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $512.69K USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $379.95K USD Point-in-time
Deferred revenue DeferredRevenueCurrent $44.07K USD Point-in-time
Deferred revenue DeferredRevenueCurrent $4.28K USD Point-in-time
Deferred rent OtherLiabilitiesCurrent - USD Point-in-time
Deferred rent OtherLiabilitiesCurrent $9.89K USD Point-in-time
Current operating lease right of use liability OperatingLeaseLiabilityCurrent $83.74K USD Point-in-time
Current operating lease right of use liability OperatingLeaseLiabilityCurrent $13.92K USD Point-in-time
Tenant deposit TenantDeposit $9.89K USD Point-in-time
Tenant deposit TenantDeposit - USD Point-in-time
Convertible notes - current maturities ConvertibleNotesPayableCurrent $1.31M USD Point-in-time
Convertible notes - current maturities ConvertibleNotesPayableCurrent - USD Point-in-time
Loans payable LoansPayableCurrent $3.53K USD Point-in-time
Loans payable LoansPayableCurrent $120.00K USD Point-in-time
Line of credit LinesOfCreditCurrent - USD Point-in-time
Line of credit LinesOfCreditCurrent $1.54M USD Point-in-time
Line of credit LinesOfCreditCurrent $350.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.82M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.64M USD Point-in-time
Convertible and nonconvertible notes - net of current maturities, less unamortized debt issuance costs LongTermDebtNoncurrent - USD Point-in-time
Convertible and nonconvertible notes - net of current maturities, less unamortized debt issuance costs LongTermDebtNoncurrent $5.92M USD Point-in-time
Noncurrent operating lease liability OperatingLeaseLiabilityNoncurrent - USD Point-in-time
Noncurrent operating lease liability OperatingLeaseLiabilityNoncurrent $144.32K USD Point-in-time
Total liabilities Liabilities $2.96M USD Point-in-time
Total liabilities Liabilities $8.56M USD Point-in-time
Common stock: par value $0.0001 per share; 150,000,000 authorized shares, 13,248,552 and 8,086,152 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively. CommonStockValue $1.33K USD Point-in-time
Common stock: par value $0.0001 per share; 150,000,000 authorized shares, 13,248,552 and 8,086,152 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively. CommonStockValue $809.00 USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.38M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $18.70M USD Point-in-time
Subscription receivable SubscriptionReceivable $11.00 USD Point-in-time
Subscription receivable SubscriptionReceivable - USD Point-in-time
Accumulated equity (deficit) RetainedEarningsAccumulatedDeficit $-11.48M USD Point-in-time
Accumulated equity (deficit) RetainedEarningsAccumulatedDeficit $-16.96M USD Point-in-time
Total stockholders equity (deficit) StockholdersEquity $-8.10M USD Point-in-time
Total stockholders equity (deficit) StockholdersEquity $-3.56M USD Point-in-time
Total stockholders equity (deficit) StockholdersEquity $1.74M USD Point-in-time
Total liabilities and stockholders equity (deficit) LiabilitiesAndStockholdersEquity $454.16K USD Point-in-time
Total liabilities and stockholders equity (deficit) LiabilitiesAndStockholdersEquity $4.70M USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Weighted average common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 7.61M shares Annual
Revenues, net Revenues $307.58K USD Annual
Weighted average common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 13.25M shares Annual
Revenues, net Revenues $78.34K USD Annual
Net loss per common share -diluted EarningsPerShareDiluted $0.88 USD Annual
Cost of revenues CostOfRevenue $40.39K USD Annual
Cost of revenues CostOfRevenue $783.06K USD Annual
Net loss per common share -diluted EarningsPerShareDiluted $0.41 USD Annual
Gross profit (loss) GrossProfit $267.19K USD Annual
Gross profit (loss) GrossProfit $-704.73K USD Annual
Advertising and marketing MarketingAndAdvertisingExpense $439.70K USD Annual
Advertising and marketing MarketingAndAdvertisingExpense $1.84M USD Annual
General and administrative GeneralAndAdministrativeExpense $3.85M USD Annual
General and administrative GeneralAndAdministrativeExpense $4.58M USD Annual
Total operating expenses OperatingExpenses $5.02M USD Annual
Total operating expenses OperatingExpenses $5.69M USD Annual
Net loss from operations OperatingIncomeLoss $-6.39M USD Annual
Net loss from operations OperatingIncomeLoss $-4.75M USD Annual
Interest expense OtherExpenses $597.75K USD Annual
Interest expense OtherExpenses $856.57K USD Annual
Interest income InterestIncomeOther - USD Annual
Interest income InterestIncomeOther $1.10K USD Annual
Deferred tax income IncomeLossFromEquityMethodInvestments $65.00K USD Annual
Deferred tax income IncomeLossFromEquityMethodInvestments $100.00K USD Annual
Other income (expense), net OtherIncome $216.40K USD Annual
Other income (expense), net OtherIncome $61.63K USD Annual
Total other income (expense) NonoperatingIncomeExpense $-280.25K USD Annual
Total other income (expense) NonoperatingIncomeExpense $-729.94K USD Annual
Net loss before franchise tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-6.67M USD Annual
Net loss before franchise tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-5.48M USD Annual
Income tax expense IncomeTaxExpenseBenefit - USD Annual
Income tax expense IncomeTaxExpenseBenefit - USD Annual
Net loss NetIncomeLoss $-5.48M USD Annual
Net loss NetIncomeLoss $-6.67M USD Annual
Weighted average common shares outstanding - basic (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 13.25M shares Annual
Weighted average common shares outstanding - basic (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 7.61M shares Annual
Net loss per common share - basic (in Dollars per share) EarningsPerShareBasic $0.88 USD Annual
Net loss per common share - basic (in Dollars per share) EarningsPerShareBasic $0.41 USD Annual
Cash Flow Statement 83 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-5.48M USD Annual
Net loss NetIncomeLoss $-6.67M USD Annual
Depreciation and amortization DepreciationDepletionAndAmortization $183.75K USD Annual
Depreciation and amortization DepreciationDepletionAndAmortization $1.77K USD Annual
Bad debt ProvisionForDoubtfulAccounts - USD Annual
Bad debt ProvisionForDoubtfulAccounts $6.66K USD Annual
Change in fair value of future equity obligations FairValueAdjustmentOfWarrants - USD Annual
Change in fair value of future equity obligations FairValueAdjustmentOfWarrants $-154.63K USD Annual
Interest expense attributable to amortization of debt issuance cost AmortizationOfDebtDiscountPremium $72.78K USD Annual
Interest expense attributable to amortization of debt issuance cost AmortizationOfDebtDiscountPremium $191.29K USD Annual
Impairment loss on software development costs AssetImpairmentCharges - USD Annual
Impairment loss on software development costs AssetImpairmentCharges $820.95K USD Annual
Loss on disposal of assets GainLossOnDispositionOfAssets1 - USD Annual
Loss on disposal of assets GainLossOnDispositionOfAssets1 $-8.74K USD Annual
Stock-based compensation ShareBasedCompensation $152.25K USD Annual
Stock-based compensation ShareBasedCompensation $547.92K USD Annual
Accounts receivable IncreaseDecreaseInAccountsReceivable $43.10K USD Annual
Accounts receivable IncreaseDecreaseInAccountsReceivable $17.49K USD Annual
Prepaid and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-172.48K USD Annual
Prepaid and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $179.09K USD Annual
Operating lease right of use asset IncreaseDecreaseInOtherOperatingAssets $208.44K USD Annual
Operating lease right of use asset IncreaseDecreaseInOtherOperatingAssets - USD Annual
Deferred offering costs IncreaseDecreaseInDeferredCharges $100.00K USD Annual
Deferred offering costs IncreaseDecreaseInDeferredCharges - USD Annual
Deferred tax asset IncreaseDecreaseInDeferredIncomeTaxes - USD Annual
Deferred tax asset IncreaseDecreaseInDeferredIncomeTaxes $-35.00K USD Annual
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $57.64K USD Annual
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $746.48K USD Annual
Deferred revenue IncreaseDecreaseInDeferredRevenue $-39.79K USD Annual
Deferred revenue IncreaseDecreaseInDeferredRevenue $-22.48K USD Annual
Deferred rent IncreaseDecreaseInDeferredRent $-9.89K USD Annual
Deferred rent IncreaseDecreaseInDeferredRent $-22.07K USD Annual
Lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-29.86K USD Annual
Lease liabilities IncreaseDecreaseInOperatingLeaseLiability $214.14K USD Annual
Tenant deposit IncreaseDecreaseInSecurityDeposits $-9.89K USD Annual
Tenant deposit IncreaseDecreaseInSecurityDeposits - USD Annual
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-4.93M USD Annual
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-4.85M USD Annual
Purchase of investments PaymentsToAcquireInvestments $2.11M USD Annual
Purchase of investments PaymentsToAcquireInvestments - USD Annual
Development of internal software PaymentsToDevelopSoftware $1.06M USD Annual
Development of internal software PaymentsToDevelopSoftware $833.48K USD Annual
Purchase of intellectual property PaymentsToAcquireIntangibleAssets $22.00K USD Annual
Purchase of intellectual property PaymentsToAcquireIntangibleAssets - USD Annual
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment - USD Annual
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $5.64K USD Annual
Net cash used in investing activates NetCashProvidedByUsedInInvestingActivities $-855.48K USD Annual
Net cash used in investing activates NetCashProvidedByUsedInInvestingActivities $-3.18M USD Annual
Proceeds from issuance of convertible notes ProceedsFromIssuanceOfDebt $2.50M USD Annual
Proceeds from issuance of convertible notes ProceedsFromIssuanceOfDebt $1.23M USD Annual
Proceeds from debt borrowings ProceedsFromIssuanceOfOtherLongTermDebt $678.67K USD Annual
Proceeds from debt borrowings ProceedsFromIssuanceOfOtherLongTermDebt - USD Annual
Proceeds from revolving line of credit ProceedsFromLinesOfCredit $1.54M USD Annual
Proceeds from revolving line of credit ProceedsFromLinesOfCredit - USD Annual
Payments on debt borrowings RepaymentsOfLongTermDebt $10.92M USD Annual
Payments on debt borrowings RepaymentsOfLongTermDebt - USD Annual
Payment of debt issuance cost PaymentOfDebtIssuanceCost - USD Annual
Payment of debt issuance cost PaymentOfDebtIssuanceCost $319.79K USD Annual
Proceeds from loans ProceedsFromNotesPayable $120.00K USD Annual
Proceeds from loans ProceedsFromNotesPayable - USD Annual
Proceeds from issuance of common stock pursuant to initial public offering ProceedsFromIssuanceInitialPublicOffering - USD Annual
Proceeds from issuance of common stock pursuant to initial public offering ProceedsFromIssuanceInitialPublicOffering $6.00M USD Annual
Payments of issuance costs pursuant to initial public offering PaymentsForRepurchaseOfInitialPublicOffering $1.34M USD Annual
Payments of issuance costs pursuant to initial public offering PaymentsForRepurchaseOfInitialPublicOffering - USD Annual
Proceeds from convertible notes ProceedsFromConvertibleDebt - USD Annual
Proceeds from convertible notes ProceedsFromConvertibleDebt $10.92M USD Annual
Distribution to member PaymentsOfDistributionsToAffiliates $800.00K USD Annual
Distribution to member PaymentsOfDistributionsToAffiliates - USD Annual
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $1.35M USD Annual
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $8.90M USD Annual
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-4.43M USD Annual
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $869.12K USD Annual
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.69M USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.12M USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $254.41K USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.69M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.12M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $254.41K USD Point-in-time
SAFEs cancellation SimpleAgreementForFutureEquity $-1.98M USD Annual
SAFEs cancellation SimpleAgreementForFutureEquity - USD Annual
SAFEs cancellation SimpleAgreementForFutureEquity $1.98M USD 2 Qtrs
Issuance of common stock in exchange for SAFEs cancellation StockIssued1 - USD Annual
Issuance of common stock in exchange for SAFEs cancellation StockIssued1 $1.98M USD Annual
Stockholders Equity 25 line items
Line Item Tag Value Unit Period
Net of issuance costs NetOfIssuanceCosts $1.34M USD Annual
Balance at December 31, 2021, as restated StockholdersEquity $-8.10M USD Point-in-time
Balance at December 31, 2021, as restated StockholdersEquity $-3.56M USD Point-in-time
Balance at December 31, 2021, as restated StockholdersEquity $1.74M USD Point-in-time
Balance at December 31, 2021, as restated (in Shares) CommonStockSharesOutstanding 8.09M shares Point-in-time
Balance at December 31, 2021, as restated (in Shares) CommonStockSharesOutstanding 13.25M shares Point-in-time
Issuance of Common Stock in exchange for SAFEs cancellation StockIssuedDuringPeriodValueShareBasedCompensationForfeited $1.98M USD Annual
Issuance of Common Stock in exchange for SAFEs cancellation (in Shares) StockIssuedDuringPeriodSharesShareBasedCompensationForfeited 591,048.00 shares Annual
Issuance of Common Stock in exchange for SAFEs cancellation (in Shares) StockIssuedDuringPeriodSharesShareBasedCompensationForfeited 591,048.00 shares Point-in-time
Issuance of Common Stock in exchange for SAFEs cancellation (in Shares) StockIssuedDuringPeriodSharesShareBasedCompensationForfeited 591,048.00 shares Point-in-time
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $547.92K USD Annual
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $152.25K USD Annual
Stock repurchase and retirement AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts $-800.00K USD Annual
Stock repurchase and retirement (in Shares) StockRepurchasedAndRetiredDuringPeriodShares 600,000.00 shares Point-in-time
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $800.00K USD Point-in-time
Issuance of common stock StockIssuedDuringPeriodValueNewIssues - USD Annual
Issuance of common stock pursuant to initial public offering, net of issuance costs of $1,342,913 StockIssuedDuringPeriodValueConversionOfUnits $4.66M USD Annual
Issuance of common stock pursuant to convertible notes, net of interest cancelled StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $10.92M USD Annual
Net loss NetIncomeLoss $-5.48M USD Annual
Net loss NetIncomeLoss $-6.67M USD Annual
Balance StockholdersEquity $-8.10M USD Point-in-time
Balance StockholdersEquity $-3.56M USD Point-in-time
Balance StockholdersEquity $1.74M USD Point-in-time
Balance (in Shares) CommonStockSharesOutstanding 8.09M shares Point-in-time
Balance (in Shares) CommonStockSharesOutstanding 13.25M shares Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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