Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
-53.7%Return on equity3
Financial statements
No quarterly figures reported.
| Fiscal year | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenue | $04 | $03 | $03 | |
| Operating expenses | $402.8K4 | $892.2K3 | $267.9K3 | |
| Operating income | -$402.8K4 | -$892.2K3 | -$267.9K3 | |
| Interest | $24.8K4 | $33.0K3 | $33.2K3 | |
| Income before tax | -$427.6K4 | -$925.2K3 | -$301.1K3 | |
| Income tax | $04 | $03 | $03 | |
| Net income | -$62.6K5 | -$427.6K4 | -$925.2K3 | -$301.1K3 |
| Earnings per share | -$0.024 | -$0.043 | -$0.013 | |
| Earnings per share (diluted) | -$0.024 | -$0.043 | -$0.013 | |
| Shares (weighted, basic) | 23.0M shares4 | 23.0M shares3 | 23.0M shares3 | |
| Shares (weighted, diluted) | 23.0M shares4 | 23.0M shares3 | 23.0M shares3 |
| Fiscal year | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Cash | $50.1K4 | $1.9K4 | $184.9K3 | $428.5K3 |
| Current assets | $1.9K4 | $184.9K3 | $428.5K3 | |
| Total assets | $1.9K4 | $447.5K3 | $1.1M3 | |
| Accounts payable | $8.5K4 | $8.5K3 | $8.5K3 | |
| Current liabilities | $27.1K4 | $27.1K3 | $35.1K3 | |
| Long-term liabilities | $402.2K4 | $502.0K3 | $535.2K3 | |
| Total liabilities | $429.3K4 | $529.1K3 | $570.3K3 | |
| Retained earnings | -$943.1K4 | -$1.4M3 | -$2.3M3 | |
| Shareholders’ equity | -$516.0K3 | -$427.4K3 | -$81.6K3 | $560.8K3 |
| Shares outstanding | 23.0M shares4 | 23.0M shares3 | 23.0M shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
What it owns
What Midnight Gaming Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $428.5K3 Dec 31, 2023 | $184.9K3 Dec 31, 2022 | +131.8% |
Properties, in its own words
Our executive and business offices are located at 1900 E. Golf Road, Suite 950, Schaumburg, Illinois 60173.
Item 2 of the 10-K filed Jan 28, 2025.9
Former names
- McGraw Conglomerate CorpDec 23, 2016 to Dec 13, 20172
Timeline
- Mar 9, 20268-K Entered a material agreement; Change to shareholders' rights; Other events10
Filings
25 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 1 major events, 16 other. The latest 20:
- Mar 9, 20268-K EDGAR
- Nov 24, 2025DEL AM EDGAR
- Nov 24, 2025S-1 EDGAR
- Feb 4, 202510-Q EDGAR
- Feb 4, 202510-Q EDGAR
- Feb 4, 202510-Q EDGAR
- Feb 4, 202510-Q EDGAR
- Feb 4, 202510-Q EDGAR
- Feb 4, 202510-Q EDGAR
- Jan 28, 202510-K EDGAR
- Jan 28, 202510-K EDGAR
- Oct 4, 2022EFFECT EDGAR
- Sep 30, 2022CORRESP EDGAR
- Sep 20, 2022S-1/A EDGAR
- Sep 16, 2022UPLOAD EDGAR
- Sep 2, 2022S-1/A EDGAR
- Aug 1, 2022UPLOAD EDGAR
- Jul 21, 2022S-1 EDGAR
- Mar 15, 2022DRS/A EDGAR
- Mar 14, 2022DRSLTR EDGAR
The 25 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How Midnight Gaming Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMidnight Gaming Corp1
- CIK0001692780
- Employer ID (EIN)81-40530669
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company9
- Incorporated inDelaware9
- Fiscal year endsDecember 311
- Industry code (SIC)4841 Cable & Other Pay Television Services1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address1900 E Golf Road, Schaumburg, IL 601731
- Phone888-525-00101
- Shares outstanding23,020,000 shares as of Aug 1, 20249
- Public float$0 as of Jun 30, 20233
- AuditorS R Chourasiya & Co, Pune, India PCAOB ID 6137; no auditor attestation of internal control over financial reporting9
- On EDGAR sinceDec 23, 20161
- Filings66 in all: CORRESP (15), UPLOAD (12), 1-A/A (9), 10-Q (6), DRS/A (3), QUALIF (3), 1-A POS (2), 10-K (2)1
All 18 form types
253G1 (2), DRSLTR (2), S-1 (2), S-1/A (2), 1-A (1), 1-SA (1), 8-K (1), DEL AM (1), DRS (1), EFFECT (1)
- Latest filingsAnnual report (10-K) Jan 28, 2025
Quarterly report (10-Q) Feb 4, 2025
Latest 8-K (8-K) Mar 9, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, Par Value $0.00001 | MHGI |
From the cover page of the 10-K filed Jan 28, 2025 (Section 12(b) of the Exchange Act).9
Risk factors and legal proceedings
The risks Midnight Gaming Corp names in Item 1A of its 10-K filed Jan 28, 2025: 34 risks under these headings, as written.9
- RISKS RELATED TO OUR BUSINESS
- Risks Related to Our Business
- We are a development stage company with a limited operating history.
- If we are unable to prove that our advertising and sponsorship solutions provide an attractive return on investment for our customers, our financial results could be harmed.
- If we are unable to develop, commission or acquire compelling content in our business at acceptable prices, our expenses may increase, the number of visitors to our online properties may not grow as anticipated, or may decline, and/or visitors’ level of engagement with our network and websites may decline, any of which could harm our operating results.
- We have a history of accumulated deficits, recurring losses and negative cash flows from operating activities. We may be unable to achieve or sustain profitability or continue as a going concern.
- We will require additional financing and cannot be certain that such additional financing will be available on reasonable terms when required, or at all.
- The gaming and interactive entertainment industries are intensely competitive. Esports faces competition from a growing number of companies and, if Esports is unable to compete effectively, its business could be negatively impacted.
- We operate in a very competitive business environment and if we do not adapt our approach and our products to meet this competitive environment, our business, results of operations or financial condition could be adversely impacted.
- Risks that impact our customers may impact us.
- Our profitability depends upon many factors for which no assurance can be given.
- Future cash flows fluctuations may affect our ability to fund our working capital requirements or achieve our business objectives in a timely manner.
The other 24 risks
- Our business may be materially and adversely affected by increased levels of debt.
- Esports’ online offerings are part of new and evolving industries, which presents significant uncertainty and business risks.
- Esports’ success in the competitive gaming and interactive entertainment industries depends in large part on its ability to develop and manage frequent introductions of innovative products.
- Failure to attract, retain and motivate key employees may adversely affect the Company’s ability to compete and the loss of the services of key personnel could have a material adverse effect on Esports’ business.
- Our internal control over financial reporting does not currently meet the standards required by Section 404 of the Sarbanes-Oxley Act of 2002, and failure to achieve and maintain effective internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act could have a material adverse effect on our business and stock price.
- Our management team has limited experience managing a public company and regulatory compliance may divert our attention from the day-to-day management of its business.
- We currently do not maintain insurance coverage, and any claims against us may result in our incurring substantial costs and a diversion of resources.
- The Company’s business is vulnerable to changing economic conditions and to other factors that adversely affect the industries in which it operates.
- Changes in ownership of competitors or consolidations within the gaming industry may negatively impact pricing and lead to downward pricing pressures which could reduce revenue.
- The Company’s results of operations could be affected by natural events in the locations in which it operates or where its customers or suppliers operate.
- Litigation costs and the outcome of litigation could have a material adverse effect on the Company’s business.
- The Company relies on its internal marketing and branding function, and intends to rely on relationship with ambassadors, distributors, service providers and channel partners to promote its products and generate revenue, and the failure to maintain and develop these relationships could adversely affect the business and financial condition of the Company.
- Regulations that may be adopted with respect to the internet and electronic commerce may decrease the growth in the use of the internet and lead to the decrease in the demand for Esports’ products and services.
- Risks Related to Intellectual Property and Technology
- Esports’ intellectual property may be insufficient to properly safeguard its technology and brands.
- The Company may be subject to claims of intellectual property infringement or invalidity and adverse outcomes of litigation could unfavorably affect its operating results.
- The failure to enforce and maintain our intellectual property rights could enable others to use trademarks used by our business which could adversely affect the value of the Company.
- Service interruptions of internet service providers could impair the Company’s ability to carry on its business.
- Systems, network or telecommunications failures or cyber-attacks may disrupt the Company’s business and have an adverse effect on our results of operations.
- Malfunctions of third-party communications infrastructure, hardware and software expose Esports to a variety of risks Esports cannot control.
- Risks Related to Our Common Stock
- Our officers, directors and 5% stockholders may exert significant influence over our affairs, including the outcome of matters requiring stockholder approval.
- We currently do not intend to pay dividends on our common stock. As a result, your only opportunity to achieve a return on your investment is if the price of our common stock appreciates.
- You may experience dilution of your ownership interest due to the future issuance of additional shares of our common stock.
- If and when a larger trading market for our securities develops, the market price of such securities is still likely to be highly volatile and subject to wide fluctuations, and you may be unable to resell your securities at or above the price at which you acquired them.
- Efforts to comply with the applicable provisions of Section 404 of the Sarbanes-Oxley Act will involve significant expenditures, and non-compliance with Section 404 of the Sarbanes-Oxley Act may adversely affect us and the market price of our common stock.
Legal proceedings
We are not currently a party to any pending legal proceedings that we believe will have a material adverse effect on our business or financial conditions. We may, however, be subject to various claims and legal actions arising in the ordinary course of business from time to time.
The opening of Item 3, Legal Proceedings.9
Sources
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