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  <channel>    <title>Super League Enterprise, Inc. (SLE) News</title>
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    <description>The latest news released by Super League Enterprise, Inc. (SLE)</description>
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      <title>Super League Issues Letter Encouraging Shareholders to Vote in Support of the Misfits Ads Division Acquisition</title>
      <link>https://ir.superleague.com/news-events/press-releases/detail/295/super-league-issues-letter-encouraging-shareholders-to-vote</link>
      <pubDate>Mon, 20 Apr 2026 09:00:00 -0400</pubDate>
      <guid isPermaLink="true">https://ir.superleague.com/news-events/press-releases/detail/295/super-league-issues-letter-encouraging-shareholders-to-vote</guid>
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<p align="center"><em>Transaction will add pro-forma profitable revenue, enhance predictability of financial performance, expand market share, and accelerate the Company’s path to sustainable cash-based EBITDA profitability. Management encourages Shareholders to vote in favor of the proposal.</em></p>  <p>SANTA MONICA, Calif., April  20, 2026  (GLOBE NEWSWIRE) -- Super League (Nasdaq: SLE) (the “Company”), an audience intelligence and media activation company trusted by global brands to reach and influence people who play video games across the digital landscape, issued a letter to shareholders from the Company’s Chairman and Chief Executive Officer, Matt Edelman.</p>  <p>Dear Fellow Shareholders,</p>  <p>We recently announced our agreement to acquire the Misfits Ads Division. Already generating profitable revenue, integrating the division is fully expected to improve the predictability of our performance, expand our market share, and accelerate our path to cash-based EBITDA profitability. We believe it is an important step and ideal opportunity for Super League to build sustainable operating momentum and shareholder value following the work we completed in 2025 to create a stable corporate foundation for growth.</p>  <p>This strategic acquisition will make us a stronger company with a clearer and faster path to EBITDA profitability and a more defensible moat around our business.</p>  <p>Super League became a new and revitalized company over the past year as a result of the restructuring work we undertook with both new and existing financial supporters excited about our strategic plan. We have sufficient capital resources to fund operations for the foreseeable future, a capital structure enabling organic and inorganic growth, and a more efficient operation supporting year-over-year revenue expansion.</p>  <p>The Misfits Ads Division is set to accelerate that progression. It is a profitable business unit today and is expected to have an immediate accretive impact on our cash-based EBITDA. We expect that impact to begin to be visible soon after the acquisition closes, and for this transaction to be a key driver supporting our path to cash-based EBITDA profitability by year end.</p>  <p>The acquisition also improves the diversification and quality of our revenue. Today, a meaningful portion of our business is driven by custom campaign work. While Super League is highly regarded in this area, Misfits adds programmatic advertising capabilities, which are transaction-based and generally more recurring in nature. This will result in a more dependable and predictable revenue foundation over time.</p>  <p>In addition, the transaction brings proprietary technology that supports revenue generation in channels where we have historically relied on third-party solutions. By owning more of the underlying technology and capabilities, we expect to improve margins and strengthen our competitive position.</p>  <p>Upon the closing of the transaction, Super League will also have a preferred commercial partnership with Misfits Gaming Group, enabling the Company to secure revenue-generating brand deals across a portfolio of Roblox games that reach more than 100 million monthly active users.</p>  <p>The Misfits Ads Division has executed more than 150 brand partnership programs in the past three years. Integrating the Misfits Ads Division team will expand our scale in the gaming media sector, increasing our relationships with brands and agencies, adding to our sales capacity, and broadening our pipeline of opportunities. Super League will be larger, more diverse and an even more relevant participant in a growing market.</p>  <p>This transaction is happening at exactly the right time—the market opportunity is significant. Consumers spend nearly as much time playing video games as they do on social media and watching television and streaming. Yet while advertising spend across those channels exceeds $150 billion annually in the U.S., total spend in gaming remains near just $10 billion.</p>  <p>This gap between consumer time spent and brand dollars invested is Super League’s core opportunity. We believe this transaction strengthens our ability to capture a greater share of ad spend from the ever-increasing number of brands shifting attention to this vastly under-monetized consumer segment.</p>  <p>Taken together, these factors—profitable revenue, improved predictability, expanded scale, and greater ownership of technology—represent a significant step forward for Super League and reinforce the progress we have made over the past year.</p>  <p>We strongly encourage you to vote in favor of the transaction to help unlock the next phase of growth and opportunity for our Company. Thank you for your continued support.</p>  <p>Sincerely,<br>Matt Edelman<br>Chief Executive Officer<br>Super League Enterprise, Inc.</p>  <p><strong>About Super League Enterprise: </strong></p>  <p>Super League (Nasdaq: SLE) connects brands with the 3.5 billion-person global gaming population through advertising and branded content programs across gaming and digital media platforms. The Company generates revenue by delivering these programs through proprietary interactive formats, creator content, immersive experiences, data-driven insights, and strategic campaign services designed to improve marketing performance. By translating player behavior into actionable intelligence, Super League serves as a trusted partner helping brands reach and influence consumers who play video games. With a deep understanding of this highly engaged yet under-monetized audience, Super League is positioned to capture an increasing share of brand advertising spend as the market evolves.</p>  <p><strong>Forward-Looking Statements </strong></p>  <p>This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.</p>  <p>Forward Looking Statements can be identified by words such as “anticipate,” “intend,” "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements include all statements other than statements of historical fact, including, without limitation, all statements regarding the private placement, including expected proceeds, Super League’s ability to maintain compliance with the Listing Rules of the Nasdaq Capital Market, statements regarding expected operating results and financial performance (including the Company’s commitment to and ability to achieve Adjusted EBITDA-positive results in Q4), strategic transactions and partnerships, and capital structure, liquidity, and financing activities. These statements are based on current expectations, estimates, forecasts, and projections about the industry and markets in which the Company operates, management’s current beliefs, and certain assumptions made by the Company, all of which are subject to change.</p>  <p>Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that are difficult to predict, and that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors include, but are not limited to: the Company’s ability to adequately utilize the funds received recent financings; the Company’s ability to execute on cost reduction initiatives and strategic transactions; customer demand and adoption trends; the timing, outcome, and enforceability of any patent applications; the ability to successfully integrate new technologies and partnerships; platform, regulatory, macroeconomic and market conditions; the Company’s ability to maintain compliance with Nasdaq Capital Market continued listing standards; access to, and the cost of, capital; and the other risks and uncertainties described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal years ended December 31, 2024 and December 31, 2025, and other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.</p>  <p><strong>Investor Relations Contact:</strong></p>  <p>Kirsten Beduya<br>Quantum Media Group<br>team@quantum-corp.com</p>  <br><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/9cf009a1-cfb1-4021-858a-b8adc2cfd656"><img src="https://ml.globenewswire.com/media/9cf009a1-cfb1-4021-858a-b8adc2cfd656/small/sle-logo-jpg.jpg" border="0" width="150" height="55" alt="Primary Logo"></a></p>
Source: Super League Enterprise

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      <title>Super League Nominated For Best Brand or Commerce Integration in Apps, Immersive &amp; Software Category In the 30th Annual Webby Awards</title>
      <link>https://ir.superleague.com/news-events/press-releases/detail/294/super-league-nominated-for-best-brand-or-commerce</link>
      <pubDate>Tue, 14 Apr 2026 09:30:00 -0400</pubDate>
      <guid isPermaLink="true">https://ir.superleague.com/news-events/press-releases/detail/294/super-league-nominated-for-best-brand-or-commerce</guid>
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<h3 class="spr-ir-news-article-title">Fans Can Vote Online for ‘HI-CHEW x Fortnite: Immerse Yourself in Flavor’ campaign to Win the Internet’s Top Honor</h3>

<p>SANTA MONICA, Calif., April  14, 2026  (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=yDfHXUcXhsT_3s-WVZPPg9tyBIej4wUyTKWZ5WAijydUgvyVXi4qOq4GTHpBsYIsx7WqpfPkFEaNBYOy3-TUFPPXGjglJSz6ciMWEyQZdX8=" rel="nofollow" target="_blank">Super League</a> (Nasdaq: SLE) (the “Company”), an audience intelligence and media activation company trusted by global brands to reach and influence people who play video games across the digital landscape, announced today that it has been nominated for Best Brand or Commerce Integration for the Company’s ‘HI-CHEW x Fortnite: Immerse Yourself in Flavor’ campaign, created in partnership with Carmichael Lynch, in the 30th Annual Webby Awards. Hailed as the “Internet’s highest honor” by The New York Times, The Webby Awards are presented by the International Academy of Digital Arts and Sciences (IADAS), comprised of Internet industry experts.</p>  <p>The ‘HI-CHEW Immerse Yourself in Flavor’ campaign, created in partnership with Carmichael Lynch, successfully transformed the candy brand into a playable universe within Fortnite Creative. The fully-realized HI-CHEW gaming universe included five custom minigames and three permanent creator-built worlds, driving significant player engagement with an average session length of 28.32 minutes. The campaign delivered exceptional performance metrics, including over 3.87 million total plays and an 8,196 peak concurrent user count, ultimately demonstrating a performance increase of over 1,000% versus non-branded alternatives.</p>  <p>“Nominees like Super League are raising the bar for creativity and innovation on the Internet,” said Nick Borenstein, General Manager of The Webby Awards. “At the 30th Annual Webby Awards, this recognition feels especially meaningful. It’s no small feat to stand out among nearly 13,000 entries, and this year’s work reflects the energy, originality, and ambition shaping the Internet right now”.</p>  <p>”The Webby nomination is a huge validation of our strategy to create lasting, engaging brand experiences,” said Rhiannon Apple, EVP, Client Strategy at Super League. “The 'HI-CHEW x Fortnite: Immerse Yourself in Flavor' campaign, our third together, garnered over 3.87 million plays and pioneered a creator incubator for permanent gaming content, setting new benchmarks for immersive brand integration and performance”.</p>  <p>As a nominee, Super League is also eligible to win a Webby People’s Voice Award, which is voted online by fans across the globe. From now until April 16th, HI-CHEW fans can cast their votes at <a href="https://www.globenewswire.com/Tracker?data=nDw322t0X1Pizx1fJ_qivlhgoC-uHsAAYpfjgK05dPuK6rL65YIWcAt09OKpxzAi6JpMd8WSTnbOEEFef1s0Tw-UlTFTD5H_4mKCWKGwyoAtgSp6v0okZBYiztRZMEDBrdfMw20boBLFNg6Tl2uKqJX7bkvAyR1Slg0P-mqIhMRyaVox4mWcDe4KnkUpX-ya3LmSVh3flAs3gaRkJW2IEErLVq-nt6gZLVjEmbNa6aAOuM7Ha6jAXMo9iS4l6tpYrK-cJDpL27O6eIiDbCq0UNbqQYHUnB56EdIu3ug-Pdqp_uMAxR6A64nvae5KsKKJe0Xl-WnED18n1C442vZsGxI1f_Yh68TxAC4_uQVmWf_mRq2PNby57mPAuHO2FUhZ" rel="nofollow" target="_blank">https://vote.webbyawards.com/PublicVoting#/2026/apps-software-immersive/immersive-content/best-brand-or-commerce-integration</a>.</p>  <p>Winners will be announced on Tuesday, April 21, 2026, and honored in a star-studded show at Cipriani Wall Street. Winners will have an opportunity to deliver one of The Webby Awards’ famous 5-Word Speeches. Past 5-Word Speeches include: Kim Kardashian’s “Nude Selfies Till I Die”; Prince’s “Everything You Think is True”; Steve Wilhite’s “It’s Pronounced “Jif” not ‘Gif’; NASA’s “Houston We Have A Webby”; and SZA’s “The Internet Scares Me. Thanks”.</p>  <p><strong>About Super League Enterprise:</strong></p>  <p>Super League (Nasdaq: SLE) connects brands with the 3.5 billion-person global gaming population through advertising and branded content programs across gaming and digital media platforms. The Company generates revenue by delivering these programs through proprietary interactive formats, creator content, immersive experiences, data-driven insights, and strategic campaign services designed to improve marketing performance. By translating player behavior into actionable intelligence, Super League serves as a trusted partner helping brands reach and influence consumers who play video games. With a deep understanding of this highly engaged yet under-monetized audience, Super League is positioned to capture an increasing share of brand advertising spend as the market evolves.</p>  <p><strong>About Morinaga America, Inc.:</strong></p>  <p>Established in 2008, Morinaga America, Inc. is the official distributor of HI-CHEW®, HI-SOFT™, and Chargel™ in the United States. Morinaga America, Inc. (marketing and sales) and Morinaga America Foods, Inc. (manufacturing) are wholly-owned subsidiaries of Morinaga &amp; Co., Ltd., which began in 1899 as the first, modern candy maker and producer of chocolates in Japan. In 2015, Morinaga America, Inc. opened its first United States manufacturing facility in North Carolina. With over 200 flavors of HI-CHEW® having debuted in Japan, Morinaga America, Inc. has introduced the United States market to the best of Japanese confectionery.</p>  <p><strong>About The Webby Awards</strong></p>  <p>Hailed as the “Internet’s highest honor” by The New York Times, The Webby Awards is the leading international awards organization honoring excellence on the Internet, including Websites and Mobile Sites; Video; Advertising, Media &amp; PR; Apps &amp; Software; Social; Games; Podcasts; Creators and AI. Established in 1996, The Webby Awards received over 13,000 entries from all 50 states and over 70 countries worldwide this year. The Webby Awards are presented by the International Academy of Digital Arts and Sciences (IADAS).</p>  <p><strong>Find The Webby Awards Online</strong></p>  <p>Website: <a href="https://www.globenewswire.com/Tracker?data=IZlA2D6oDDx-VGWflfWXOZFnjqKv3dou6IfgPacgP3rkQR4zhKfJZ9riCKu1liKSNsGtpMJBvTgMvj0h0Ug6f6xMKlEWHiIhn1ZEYft8bI4=" rel="nofollow" target="_blank">webbyawards.com</a><br>Instagram: @thewebbyawards<br>Linkedin: The Webby Awards<br>TikTok: @thewebbyawards<br>X: @TheWebbyAwards<br>YouTube: <a href="https://www.globenewswire.com/Tracker?data=YJmFBrUC5X06mBrgGmbUG5_mEpyXiul5ni5Ih-lItuJ-al7V_wUyUVpJxXiuUTz4M7z3nMXTeqFmSgaa8mYAxEtm1jUDece5anmV-uTpypJ4P1l9hu_E2pgUCWyA8A3r" rel="nofollow" target="_blank">youtube.com/thewebbyawards</a><br>Facebook: <a href="https://www.globenewswire.com/Tracker?data=TLpZsCt5xhhIRsMXPn0aXT5uPqqxlQl7vvn6_oX1JAqDP9gWjemIYmKfDi1vCiFHKEBSNXAp_RQHucDewCE3pCPo2m7dYJWJFJoUnqXgdyqcbzMhoHlDEGUy6I5D_3z6" rel="nofollow" target="_blank">Facebook.com/TheWebbyAwards</a></p>  <p align="justify"><strong>Forward-Looking Statements</strong></p>  <p align="justify">This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.</p>  <p align="justify">Forward Looking Statements can be identified by words such as “anticipate,” “intend,” "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements include all statements other than statements of historical fact, including, without limitation, all statements regarding the private placement, including expected proceeds, Super League’s ability to maintain compliance with the Listing Rules of the Nasdaq Capital Market, statements regarding expected operating results and financial performance (including the Company’s commitment to and ability to achieve Adjusted EBITDA-positive results in Q4), strategic transactions and partnerships, and capital structure, liquidity, and financing activities. These statements are based on current expectations, estimates, forecasts, and projections about the industry and markets in which the Company operates, management’s current beliefs, and certain assumptions made by the Company, all of which are subject to change.</p>  <p align="justify">Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that are difficult to predict, and that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors include, but are not limited to: the Company’s ability to adequately utilize the funds received recent financings; the Company’s ability to execute on cost reduction initiatives and strategic transactions; customer demand and adoption trends; the timing, outcome, and enforceability of any patent applications; the ability to successfully integrate new technologies and partnerships; platform, regulatory, macroeconomic and market conditions; the Company’s ability to maintain compliance with Nasdaq Capital Market continued listing standards; access to, and the cost of, capital; and the other risks and uncertainties described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal years ended December 31, 2024 and December 31, 2025, and other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release or to<br>reflect the occurrence of unanticipated events</p>  <p align="justify"><strong>Investor Relations Contact:</strong><br>Kirsten Beduya <br>Quantum Media Group<br><a href="https://www.globenewswire.com/Tracker?data=I_jTnvYBy1rVw43cNQHjZFLYMTSemOtJzs0GUHTMtU9uin7HXXaBon_VXuqA7TqtN70TZXJHMnNdu67Cnhesz3R8DeDAzzyZUKcqsF_j81A=" rel="nofollow" target="_blank">team@quantum-corp.com</a></p>  <p><strong>Media Contact:</strong><br>I’m Sunshine Sachs Morgan &amp; Lylis<br><a href="https://www.globenewswire.com/Tracker?data=IZlA2D6oDDx-VGWflfWXOV2c7DRNRbUmOWHjQpHuE1fCMD3M6X1J78RlS_PD2DzHfipz8oBIyYq6zyYziXZNkxhfxs2t_rC82k1K-cTiohE=" rel="nofollow" target="_blank">webby@ssmandl.com</a></p>  <p><img alt="Super League Webby Poster" height="600" src="https://ml.globenewswire.com/Resource/Download/fd4b8d10-439c-4d10-997d-fd026f0f26bc/super-league-webby-poster.png" width="480" data-dpi="96" data-caption="Super League Webby Poster" data-filename="Super League Webby Poster.png"><br></p>  <p>A photo accompanying this announcement is available at&nbsp;<a href="https://www.globenewswire.com/Tracker?data=nDw322t0X1Pizx1fJ_qivgzuE0VIc615-8JQGHYk3nokwEntj8iTnk0LPcUh9_8pdOxfIIwXsPz8RcobiiNeD0aEe-gnr9lR6vP21icPkf2SdMjYZ2ffByY88O52O_l2PRAHQ-39M8xS2CvEzdjZDeBgf7UVf8LKFNCOS660RkweoTEgzOyYDPy7X8UHR-gDKFdMe_08GeDorQxnRHYLEW-X4NZLe1hTi7NjXET07v9Lf6aCtJgSYgpQHmHRN1Nw3MLAyDDi1tsoFGJ6ZviDEw==" rel="nofollow" target="_blank">https://www.globenewswire.com/NewsRoom/AttachmentNg/fd4b8d10-439c-4d10-997d-fd026f0f26bc</a></p>  <br><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/9cf009a1-cfb1-4021-858a-b8adc2cfd656"><img src="https://ml.globenewswire.com/media/9cf009a1-cfb1-4021-858a-b8adc2cfd656/small/sle-logo-jpg.jpg" border="0" width="150" height="55" alt="Primary Logo"></a></p>
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<div><h5>Super League Webby Poster</h5></div>
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<div> <h5>Super League Webby Poster</h5>
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Source: Super League Enterprise

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      <title>Super League Acquires Stake in Top Roblox Experience, My Avatar!</title>
      <link>https://ir.superleague.com/news-events/press-releases/detail/293/super-league-acquires-stake-in-top-roblox-experience-my</link>
      <pubDate>Thu, 09 Apr 2026 09:00:00 -0400</pubDate>
      <guid isPermaLink="true">https://ir.superleague.com/news-events/press-releases/detail/293/super-league-acquires-stake-in-top-roblox-experience-my</guid>
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<h3 class="spr-ir-news-article-title">Ownership expands Strategic Properties initiative, adding another cash-generating asset and unique inventory to expand brand partnership revenue</h3>

<p align="center"><em><img alt="Super League Acquires Stake in Top Roblox Experience, My Avatar!" height="337" src="https://ml.globenewswire.com/Resource/Download/2b8d16e7-7491-4ad6-adb8-c4af39c590c8/picture1.png" width="600" data-dpi="96" data-caption="Super League Acquires Stake in Top Roblox Experience, My Avatar!" data-filename="Picture1.png"></em></p>  <p>SANTA MONICA, Calif., April  09, 2026  (GLOBE NEWSWIRE) -- Super League, an audience intelligence and media activation company trusted by global brands to reach and engage people who play video games across the digital advertising landscape, today announced it has acquired an ownership interest in <a href="https://www.globenewswire.com/Tracker?data=qf0CGDFDr1lap_Q1YT0FuhjXua0mwVUNNtWWOAt233tUIv8YwHy7CtTiiwNCnVuUn3DgZ8T7pw_LbQtjAVJKgLZTRKsFfO7mM6yEy4wO1xijU9inyYZuOgGDwJByhICj" rel="nofollow" target="_blank">My Avatar!</a>, a Top 25 shopping experience on Roblox (source: <a href="https://www.globenewswire.com/Tracker?data=nRVkiG1cRyLthdjhb-pxfb_Pm1zmE-0yl9tf6IULRFKP2iN2Ip7p5yKlFQslFJofJeMTL65fQxA2bIUeDNMQg-gY3jCQHngdNNsR-lgHX7I=" rel="nofollow" target="_blank">Rotrends</a>).</p>  <p>The investment advances Super League’s Strategic Properties initiative, expanding its portfolio of equity ownership positions in high-performing Roblox experiences that generate both direct cash flow and differentiated inventory for playable advertising and interactive content programs delivered on behalf of global brand partners.</p>  <p>This move builds on the Company’s <a href="https://www.globenewswire.com/Tracker?data=0TjHrMR-r6yzfvngTgW9XUMsRa50NXWXegpg7lz8XcA842g8j-bSGMhqixd54asOLyQ1lXvHJQ5ecTjLkL9seweWGzAvkmaeXvIg6GJkcv1m3gdXWSfDWbuUHjFzSizILm6dLEbwziDYRPa-JRt3-5GWX91GfTRb5f3CHKHfvXl4wLiGoa7FLpC6p_fju5tYOKwJVLCPIr6TH1lwXPUO6Nkmcrkh-oN9WAlivk6sRE0=" rel="nofollow" target="_blank">recently announced</a> definitive agreement to acquire the Misfits Ads Division from Misfits Gaming Group, with closing subject to stockholder approval, as well as the associated Preferred Commercial Brand Partnership between Super League and Misfits. Together, these initiatives expand Super League’s ability to reach one of the largest, most influential, and under-monetized consumer segments in modern media and culture, positioning the Company to capture a greater share of advertising spend directed toward this audience.</p>  <p>With My Avatar! and <a href="https://www.globenewswire.com/Tracker?data=XZAe-Asgp4emONiNLgnrTQIHxSbjLM9aVmeIpng1xzPv0aYDbhM4mMCD7xitwm1u7FqdTSX7RU3iAgTy96s9Dd4g7KQlSDAS07nzl5wFV1xN_qraNhgTfK09PV3Q670e" rel="nofollow" target="_blank">Hide or Die!</a> alongside the Misfits portfolio, Super League is assembling a uniquely broad set of opportunities for brands to connect with players through owned inventory, creator-driven experiences, and scalable media solutions, including on Roblox—the world’s largest immersive gaming and creation platform.</p>  <p>Matt Edelman, Chief Executive Officer of Super League, commented:</p>  <p>“Our strength is helping brands engage the most relevant audiences of gamers across the most vibrant gaming and digital media platforms. My Avatar! offers a distinctive player experience that is particularly well-suited for brand integrations. We’re grateful to THINK DIFFERENT for the partnership and excited to continue building our Strategic Properties initiative by backing proven, revenue-generating experiences that expand our inventory and contribute to long-term value creation for shareholders.”</p>  <p>My Avatar! is an avatar shopping and self-expression experience on Roblox, developed and operated by THINK DIFFERENT. The experience centers on browsing and acquiring a dynamic catalog of virtual avatar items, enabling players to express identity and personal style through a highly repeatable engagement loop. The game currently maintains over 800,000 daily active users, reflecting a loyal and consistently engaged player base.</p>  <p>The experience also features an integrated loyalty system, allowing players to earn points on in-game purchases that can be redeemed for rewards, including avatar items added directly to their Roblox inventory. This structure reinforces repeat engagement and creates a strong foundation for branded integrations and virtual goods activations.</p>  <p>THINK DIFFERENT, creator of My Avatar!, commented “My Avatar! is all about self-expression and giving players a space to explore their style and identity. Working with Super League opens up new possibilities to expand the experience in ways that feel natural to our players while introducing brands in a way that adds to, rather than interrupts, the fun.”</p>  <p>Roblox's cultural significance continues to grow. In the <a href="https://www.globenewswire.com/Tracker?data=Lse0PPBsO45KcOTQoXy6qHcu34qg08x1IRwvMUxpMSeX7hlcvM5c1ABE69olTt5gEuqUbnh9r4CibxUvedvpdO8rlRzJOpBGYDw_NFlTp22BzPzWgphlLBG-jgNQRZaQ5MK8wD8ZFfEXcWy1x05ltJUKKh2ma070opaqSJlWxVM=" rel="nofollow" target="_blank">2025 Roblox Replay</a>, as detailed in a December <a href="https://www.globenewswire.com/Tracker?data=Lse0PPBsO45KcOTQoXy6qGAaJEnghNtZa2O8j7VYVPd8FC-NFH_ud7i2IaepMB9tAkACEMp5qOesruv8q54BOmi-4yWZcy6AmaLgTtK5TODNpXHrLv2-L-Oc3nihzub9NBKFPnFAtyO5h1hSbI6sQSu6ION5qKU-SKqWO9-5PI5DgDd0a-DrLXfRt9w65ow3q7lBPntGD2xDST7WGMg4MVNjYzMmP5PMqyZK__2EvvWbLRITf4r5CbjqkHScm1CY6vJjZDSkDkz462sT1_EIUM36--fduiwJYZab_vbUCCoMr591zwcUtfXXZh98dymsbPoek0V7kzHcNPQ9ug3BrQ==" rel="nofollow" target="_blank">2025 Roblox investor relations release</a>, Roblox reported that users conduct more than 50 million searches and update their avatars an average of 274 million times per day. Among Gen Z users surveyed, 70% have worn branded digital fashion and 88% use it to preview styles before buying physical clothing; a behavioral shift that positions Super League’s ownership stake in My Avatar! as a particularly well-suited asset within the company’s growing portfolio.</p>  <p align="justify"><strong><strong>About Super League</strong></strong></p>  <p align="justify">Super League (Nasdaq: SLE) connects brands with the 3.5 billion-person global gaming population through advertising and branded content programs across gaming and digital media platforms. The Company generates revenue by executing these programs through proprietary interactive formats, creator content, immersive experiences, data-driven insights, and strategic campaign services to improve marketing performance. By translating player behavior into actionable intelligence, Super League serves as a trusted partner that enables brands to more effectively influence consumers who play video games, positioning the Company to capture a greater share of advertising spend over time.</p>  <p align="justify"><strong>Forward-Looking Statements</strong></p>  <p align="justify">This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.<br><br>Forward Looking Statements can be identified by words such as “anticipate,” “intend,” "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements include all statements other than statements of historical fact, including, without limitation, all statements regarding the private placement, including expected proceeds, Super League’s ability to maintain compliance with the Listing Rules of the Nasdaq Capital Market, statements regarding expected operating results and financial performance (including the Company’s commitment to and ability to achieve Adjusted EBITDA-positive results in Q4), strategic transactions and partnerships, and capital structure, liquidity, and financing activities. These statements are based on current expectations, estimates, forecasts, and projections about the industry and markets in which the Company operates, management’s current beliefs, and certain assumptions made by the Company, all of which are subject to change.<br><br>Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that are difficult to predict, and that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors include, but are not limited to: the Company’s ability to adequately utilize the funds received recent financings; the Company’s ability to execute on cost reduction initiatives and strategic transactions; customer demand and adoption trends; the timing, outcome, and enforceability of any patent applications; the ability to successfully integrate new technologies and partnerships; platform, regulatory, macroeconomic and market conditions; the Company’s ability to maintain compliance with Nasdaq Capital Market continued listing standards; access to, and the cost of, capital; and the other risks and uncertainties described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal years ended December 31, 2024 and December 31, 2025, and other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release or to<br>reflect the occurrence of unanticipated events</p>  <p align="justify"><strong>Investor Relations Contact:</strong><br>Kirsten Beduya <br>Quantum Media Group<br><a href="https://www.globenewswire.com/Tracker?data=i6tsD6z0hqDJ4yKgUtJk9arfLGJrjRpFbMuuWvkXMEu5vqO4DeZESgxWhvB6IwCUAZAP-Y6vNezXz44HNF8Fc_cJjkipHpNSCyZbfoGNarU=" rel="nofollow" target="_blank">team@quantum-corp.com</a></p>  <p>A photo accompanying this announcement is available at <a href="https://www.globenewswire.com/Tracker?data=D2nrGj1GqSB8q_OzOn_aoj7eAMlA9N2qKor2KoWnP2xU769qIORrF7q69_bGF9SOd1auzISsgbgFFVWmbU-gdt0EIK8rEFX3XpR_RC7geycZT51ZpgLe3Yv_SIWyUw42_Ez3MN0narT0amRnto92vNJNZ304yL_xAxqoxO4oiJYyAzSdtNuJnGdGrodMsWO-oQE2YF2ikDP4O-F4I2BmkbuHTSqPo9OmlEwBBBBTQQjKJdc9xU9B3mBY4ZvEQlFKVickTJGb3fXJvP3Ya5cMDA==" rel="nofollow" target="_blank">https://www.globenewswire.com/NewsRoom/AttachmentNg/2b8d16e7-7491-4ad6-adb8-c4af39c590c8</a></p>  <br><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/9cf009a1-cfb1-4021-858a-b8adc2cfd656"><img src="https://ml.globenewswire.com/media/9cf009a1-cfb1-4021-858a-b8adc2cfd656/small/sle-logo-jpg.jpg" border="0" width="150" height="55" alt="Primary Logo"></a></p>
<div style="padding:0px;width: 100%;">
<div style="clear:both"></div>
<div style="float: right;padding-left:20px">
<div><h5>Super League Acquires Stake in Top Roblox Experience, My Avatar!</h5></div>
<div> <a target="_blank" href="https://www.globenewswire.com/NewsRoom/AttachmentNg/2b8d16e7-7491-4ad6-adb8-c4af39c590c8/en"><img src="https://ml.globenewswire.com/media/2b8d16e7-7491-4ad6-adb8-c4af39c590c8/medium/super-league-acquires-stake-in-top-roblox-experience-my-avat.png"> </a>
</div>
<p></p>
<div> <h5>Super League Acquires Stake in Top Roblox Experience, My Avatar!</h5>
</div>
</div>
</div>
Source: Super League Enterprise

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      <title>Super League Reports Fourth Quarter and Full Year 2025 Financial Results, Completes Business Transformation and Advances Path to Profitability</title>
      <link>https://ir.superleague.com/news-events/press-releases/detail/292/super-league-reports-fourth-quarter-and-full-year-2025</link>
      <pubDate>Fri, 27 Mar 2026 07:30:00 -0400</pubDate>
      <guid isPermaLink="true">https://ir.superleague.com/news-events/press-releases/detail/292/super-league-reports-fourth-quarter-and-full-year-2025</guid>
<content:encoded><![CDATA[

<p align="center"><em>~ Q4 2025 Delivers Strongest Revenue Quarter of the Year ~</em></p>  <p align="center"><em>~ Debt-Free Balance Sheet and $14M in Year-End Cash Enable Focus on Execution ~</em></p>  <p align="center"><em>~ Diversified Revenue and Shift to Scalable Offerings Support Path to Profitable Future ~</em></p>  <p align="justify">SANTA MONICA, March  27, 2026  (GLOBE NEWSWIRE) --  <a href="https://www.globenewswire.com/Tracker?data=o5HmawPrjtjUbpK_ww4i5X0EPwf2wjhAB71jI33_10JIFRKakG9PpJ05SN-rkjNx4nZXH_sEDX9GoROqSuzJFYSO4OpS54N39roT3k-iVLc=" rel="nofollow" target="_blank"><u>Super League</u></a> (Nasdaq: SLE) (the “Company”), an audience intelligence and media activation company that generates revenue by executing interactive advertising and immersive content programs for brands seeking to reach and influence people who play video games, today released fourth quarter and full year 2025 financial results.</p>  <p align="justify"><strong>Super League Chief Executive Officer, Matt Edelman Commented:</strong></p>  <p align="justify">“Super League is a fundamentally different company than it was a year ago. We have a stronger foundation and a clearer path to scale, positioned to help brands reach and influence one of the most valuable and under-monetized consumer segments in modern media and culture—the gamer demographic.</p>  <p align="justify">The fourth quarter marked a meaningful step forward, delivering our strongest revenue performance of the year and approaching prior-year levels despite operating with a significantly more streamlined organization.</p>  <p align="justify">For the full year, we improved pro forma cash basis EBITDA by 31% year-over-year, including a 56% improvement in the fourth quarter alone, while continuing to reduce operating costs. We also expanded gross margin to 40%, up from 38% in 2024, reflecting a more disciplined and efficient operating model.</p>  <p align="justify">Throughout the year, we took decisive actions to reshape the business. We strengthened our balance sheet, simplified our capital structure, and built a more focused organization. We ended 2025 debt-free, with more than $14 million in cash, and do not anticipate the need to raise capital to fund operations in the foreseeable future.</p>  <p align="justify">At the same time, we further diversified our revenue base, reducing dependency on any single platform and began the shift toward a more scalable and repeatable model. This reflects our broader strategy of positioning Super League as an audience partner for brands rather than a channel-specific provider.</p>  <p align="justify">Our advantage lies in our understanding of the gaming ecosystem and the player mindset, enabling brands and media agencies to connect with consumers through the right creative, at the right time, across a wider range of gaming and digital environments. We believe this approach increases our relevance to brands and expands our opportunity within the overall $316 billion U.S. digital advertising market.</p>  <p align="justify">That momentum is reflected in the brands we are working with. During the quarter, we initiated programs with Regal Cinemas and H&amp;R Block, expanded our relationship with Panda Express, and supported campaigns with partners including Paramount+, Google, Logitech, and Disney.</p>  <p align="justify">Combined with our recently announced agreement to acquire the Misfits Ads Division, subject to stockholder approval, we believe the Company is well-positioned to build on this momentum, and that cash basis EBITDA profitability is within reach by year end.</p>  <p align="justify">Looking ahead, we are encouraged by early 2026 activity. First quarter revenue is expected to exceed the prior-year period, supported by continued engagement from both returning and new clients. Our focus is on translating this momentum into consistent financial performance in the quarters ahead.”</p>  <p align="justify">The Company will host a webinar at 8:30 am Eastern Time today, March 27, 2026, to discuss financial results, provide a corporate update and end with a question-and-answer session. To participate, please use the following information.<br><br><strong>Super League Fourth Quarter and Full Year 2025 Earnings Webinar</strong></p> <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; "><strong>Date:</strong></td>
<td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">Friday, March 27, 2026</td>
</tr>
<tr>
<td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; "><strong>Time:</strong></td>
<td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">8:30 am Eastern Time</td>
</tr>
<tr>
<td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; "><strong>Dial-in:</strong></td>
<td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">1-877-407-0779</td>
</tr>
<tr>
<td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; "><strong>International Dial-in:</strong></td>
<td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">1-201-389-0914</td>
</tr>
<tr>
<td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; "><strong>Webinar:</strong></td>
<td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; "><a href="https://incommconferencing.zoom.us/webinar/register/WN_TMpXkiNzToefIcztD37o_g" rel="nofollow" target="_blank"><u>Register Here</u></a></td>
</tr>
</table> <p align="justify">A replay will be available within 24 hours after the webinar and can be accessed <a href="https://www.globenewswire.com/Tracker?data=G_lSX0ppV7aHuhyhAD8ApGumWpWnWPVwdp_hGCdPuF5TWIWHY8TdFrKI9zEM7QM9teIvlrcpQsd0rErc4VIhAXPQgcTTuL6sGWfUfIuZ8f3MJX7wrRk-WZg8AOs-xxvUiWfe1ZafAUSW3qj5T1zg-A==" rel="nofollow" target="_blank"><u>here</u></a> or on the Company’s investor relations website at <a href="https://www.globenewswire.com/Tracker?data=Hr1JWTQ_ojmxrVXrBGIgswoQFCakkkHWGf0SNmLDxFCMd11bdC6zmQUrEZzgDxOFSz1dXUgwr3_KnMX2ge4vgzySLAjRSP3Pof0cISoM1O2YwJoxMtKcy7PDpWU_omyVMOuAW2XCntGKt-Ty3Qbo5UJpbd-ilo81zUV5iyd5_qUM23Cu6o67E23CIH-BFSfmXheH5UowKsSmPVboLE4HTXeEoL6yW7hGWbYpBXPejBgCiik5qJaV0RH9Wvga_snGWAiGy5E3t2kdfYnOdITUqXYnW5hfwQVSKkvmFi35g5p6kPdFTeSVFMHLdNbKXL4j" rel="nofollow" target="_blank"><u>https://ir.superleague.com/</u></a>.</p>  <p align="justify">For any questions related to the Company’s fourth quarter or full year 2025 financial results, please contact team@quantum-corp.com.</p>  <p align="justify"><strong>About Super League</strong></p>  <p align="justify">Super League (Nasdaq: SLE) connects brands with the 3.5 billion-person global gaming population through advertising and branded content programs across gaming and digital media platforms. The Company generates revenue by executing these programs through proprietary interactive formats, creator content, immersive experiences, data-driven insights, and strategic campaign services to improve marketing performance. By translating player behavior into actionable intelligence, Super League serves as a trusted partner that enables brands to more effectively influence consumers who play video games, positioning the Company to capture a greater share of advertising spend over time.</p>  <p align="justify"><strong>Forward-Looking Statements</strong><br><br>This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.<br><br>Forward Looking Statements can be identified by words such as “anticipate,” “intend,” "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements include all statements other than statements of historical fact, including, without limitation, all statements regarding the private placement, including expected proceeds, Super League’s ability to maintain compliance with the Listing Rules of the Nasdaq Capital Market, statements regarding expected operating results and financial performance (including the Company’s commitment to and ability to achieve Adjusted EBITDA-positive results in Q4), strategic transactions and partnerships, and capital structure, liquidity, and financing activities. These statements are based on current expectations, estimates, forecasts, and projections about the industry and markets in which the Company operates, management’s current beliefs, and certain assumptions made by the Company, all of which are subject to change. <br><br>Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that are difficult to predict, and that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors include, but are not limited to: the Company’s ability to adequately utilize the funds received recent financings; the Company’s ability to execute on cost reduction initiatives and strategic transactions; customer demand and adoption trends; the timing, outcome, and enforceability of any patent applications; the ability to successfully integrate new technologies and partnerships; platform, regulatory, macroeconomic and market conditions; the Company’s ability to maintain compliance with Nasdaq Capital Market continued listing standards; access to, and the cost of, capital; and the other risks and uncertainties described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal years ended December 31, 2024 and December 31, 2025, and other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.</p>  <p align="justify"><strong>Investor Relations Contact:</strong><br>Kirsten Beduya <br>Quantum Media Group<br><a href="https://www.globenewswire.com/Tracker?data=tqSPaH9GoSv3DY0wSUQsiVVgpCTFxn2yNikwbuSsQateKbCd97F9QHkacRvpFBQAbS1boMBx8luUdKN17kZQ5mNGbzYS0stOQNlv8ga5wLM=" rel="nofollow" target="_blank"><u>team@quantum-corp.com</u></a></p>  <p align="center" style="text-align: center;"><br></p> <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr><td colspan="10" style="width:100%;;text-align: center ;  vertical-align: middle; "> <strong>SUPER LEAGUE ENTERPRISE, INC.</strong><br><strong>CONSOLIDATED BALANCE SHEETS <sup>(1)</sup> </strong><br><strong>December 31, 2025 and 2024</strong><br><strong><em>(In U.S. dollars, rounded to the nearest thousands, except share and per share data)</em></strong><br><strong>(UNAUDITED)</strong>
</td></tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;"> </td>
<td colspan="3" style="width:23.1395%;"> </td>
<td style="width:1.27907%;"> </td>
<td colspan="3" style="width:23.1395%;"> </td>
<td style="width:1.27907%;"> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: center ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: center ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: center ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; "><strong>December 31, <br>2025</strong></td>
<td style="width:1.27907%;;text-align: center ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; "><strong>December 31, <br>2024</strong></td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; "><strong>Assets</strong></td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Cash and cash equivalents</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">14,390,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,310,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Accounts receivable</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">2,453,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">3,766,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Prepaid expenses and other current assets</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,369,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">677,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; "><strong>Total current assets</strong></td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;border-top: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>18,212,000</strong></td>
<td style="width:1.74419%;;border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;border-top: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>5,753,000</strong></td>
<td style="width:1.74419%;;border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; ">Property and Equipment, net</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">8,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">24,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; ">Intangible and Other Assets, net</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,868,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">4,070,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; ">Goodwill</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,864,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,864,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; "><strong>Total assets</strong></td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>$</strong></td>
<td style="width:18.9535%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong> 21,952,000</strong></td>
<td style="width:1.74419%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>$</strong></td>
<td style="width:18.9535%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong> 11,711,000</strong></td>
<td style="width:1.74419%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; "><strong>Liabilities</strong></td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Accounts payable and accrued expense</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">3,614,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">5,282,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Accrued contingent consideration</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">138,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Promissory note - contingent consideration</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,735,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Contract liabilities</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">566,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">50,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Notes payable and accrued interest, other</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">3,240,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; "><strong>Total current liabilities</strong></td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;border-top: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>4,180,000</strong></td>
<td style="width:1.74419%;;border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;border-top: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>10,445,000</strong></td>
<td style="width:1.74419%;;border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; ">Deferred taxes</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">147,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">161,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; ">Warrant liability</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">8,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">935,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; "><strong>Total liabilities </strong></td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>4,335,000</strong></td>
<td style="width:1.74419%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>11,541,000</strong></td>
<td style="width:1.74419%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; "><strong>Stockholders’ Equity</strong></td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Preferred Stock</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>-</strong></td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Common Stock</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">94,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">94,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Additional paid-in capital</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">307,909,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">270,111,000</td>
<td style="width:1.74419%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Accumulated deficit</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(290,386,000</td>
<td style="width:1.74419%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(270,035,000</td>
<td style="width:1.74419%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; "><strong>Total stockholders’ equity (deficit)</strong></td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>17,617,000</strong></td>
<td style="width:1.74419%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:18.9535%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>170,000</strong></td>
<td style="width:1.74419%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: left ;  vertical-align: middle; "><strong>Total liabilities and stockholders’ equity</strong></td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>$</strong></td>
<td style="width:18.9535%;;border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong> 21,952,000</strong></td>
<td style="width:1.74419%;;border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:2.44186%;;border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>$</strong></td>
<td style="width:18.9535%;;border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong> 11,711,000</strong></td>
<td style="width:1.74419%;;border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:49.8837%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:23.1395%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.27907%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
</table> <p><br></p> <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr><td colspan="18" style="width:99.8418%;;text-align: center ;  vertical-align: middle; ">
<strong>SUPER LEAGUE ENTERPRISE, INC.</strong><br><strong>CONSOLIDATED STATEMENTS OF OPERATIONS<sup>(1)</sup></strong><br><strong>FOR THE THREE AND TWELVE MONTHS ENDED DECEMBER 30, 2025 AND 2024</strong><br><strong><em>(In U.S. dollars, rounded to the nearest thousands, except share and per share data)</em></strong><br><strong>(UNAUDITED)</strong>
</td></tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.22785%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.22785%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="7" style="width:17.8006%;;text-align: center ;  vertical-align: middle; "><strong>Three Months Ended</strong></td>
<td style="width:0.632911%;"> </td>
<td colspan="7" style="width:18.5127%;;text-align: center ;  vertical-align: middle; "><strong>Fiscal Year Ended</strong></td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="7" style="width:17.8006%;;text-align: center ;  vertical-align: middle; "><strong>December 31,</strong></td>
<td style="width:0.632911%;"> </td>
<td colspan="7" style="width:18.5127%;;text-align: center ;  vertical-align: middle; "><strong>December 31,</strong></td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;"> </td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2025</strong></td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: center ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2024</strong></td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: center ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2025</strong></td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: center ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2024</strong></td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.22785%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "><strong>REVENUE</strong></td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">3,200,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">3,426,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">11,342,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">16,182,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "><strong>COST OF REVENUE</strong></td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(2,192,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(2,427,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(6,749,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(10,080,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "><strong>GROSS PROFIT</strong></td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,008,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">999,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">4,593,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">6,102,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "><strong>OPERATING EXPENSE</strong></td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Selling, marketing and advertising</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,337,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">2,504,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">7,535,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">9,822,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Engineering, technology and development</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">539,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,054,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">2,829,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">4,447,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">General and administrative</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">2,275,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">2,112,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">7,213,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">8,731,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Contingent consideration</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(68,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(14,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(144,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "><strong>TOTAL OPERATING EXPENSE</strong></td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">4,151,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">5,602,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">17,563,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">22,856,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "><strong>NET OPERATING LOSS</strong></td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(3,143,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(4,603,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(12,970,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(16,754,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "><strong>OTHER INCOME (EXPENSE)</strong></td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Gain on sale of intangible assets</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">39,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">343,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">183,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Interest expense, including change in fair value of promissory notes carried at fair value</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(6,287,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(478,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(8,518,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(559,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Loss on extinguishment of liability - contingent consideration</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(161,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(336,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Change in fair value of warrant liability</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(751,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">12,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,183,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,115,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Other</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">30,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(97,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(603,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(123,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "><strong>TOTAL OTHER INCOME (EXPENSE), NET</strong></td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-top: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(7,008,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;border-top: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(524,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(7,756,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">280,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "><strong>LOSS BEFORE INCOME TAXES</strong></td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(10,151,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(5,127,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(20,726,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(16,474,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;"> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "><strong>PROVISION FOR INCOME TAXES</strong></td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">9,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(161,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">9,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(161,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "><strong>NET LOSS</strong></td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(10,142,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:6.48734%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(5,288,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(20,717,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(16,635,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "><strong>Net loss attributable to common stockholders - basic and diluted</strong></td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.22785%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Basic net loss per common share</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(9.44</td>
<td style="width:0.712025%;;border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:6.48734%;;border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(221.85</td>
<td style="width:0.712025%;;border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(41.29</td>
<td style="width:0.712025%;;border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(1,123.63</td>
<td style="width:0.712025%;;border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Weighted-average number of shares outstanding, basic</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,777,284</td>
<td style="width:0.712025%;;border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">28,776</td>
<td style="width:0.712025%;;border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">492,868</td>
<td style="width:0.712025%;;border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">18,708</td>
<td style="width:0.712025%;;border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.22785%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr><td colspan="18" style="width:99.8418%;;text-align: center ;  vertical-align: middle; ">
<strong>SUPER LEAGUE ENTERPRISE, INC.</strong><br><strong>RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION<sup>(1)</sup></strong><br><strong>FOR THE THREE AND TWELVE MONTHS ENDED DECEMBER 30, 2025 AND 2024</strong><br><strong><em>(In U.S. dollars, rounded to the nearest thousands, except share and per share data)</em></strong><br><strong>(UNAUDITED)</strong>
</td></tr>
<tr>
<td style="width:61.6297%;;text-align: justify ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.22785%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: justify ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.22785%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: justify ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td colspan="7" style="width:17.8006%;;text-align: center ;  vertical-align: middle; "><strong>Three Months Ended</strong></td>
<td style="width:0.632911%;"> </td>
<td colspan="7" style="width:18.5127%;;text-align: center ;  vertical-align: middle; "><strong>Fiscal Year Ended</strong></td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="7" style="width:17.8006%;;text-align: center ;  vertical-align: middle; "><strong>December 31,</strong></td>
<td style="width:0.632911%;"> </td>
<td colspan="7" style="width:18.5127%;;text-align: center ;  vertical-align: middle; "><strong>December 31,</strong></td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2025</strong></td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: center ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2024</strong></td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: center ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2025</strong></td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: center ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2024</strong></td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;;text-align: center ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: center ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "><strong>GAAP net loss</strong></td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(10,142,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:6.48734%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(5,288,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(20,717,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(16,635,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; ">Add back:</td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Non-cash stock compensation</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">938,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">303,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">2,311,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,289,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Non-cash amortization of intangibles</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">583,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">647,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">2,176,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">2,543,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Change in fair value of debt</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">6,126,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">163,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">7,119,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(152,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Change in fair value of warrant liability</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">751,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(12,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(1,183,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(1,115,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Loss on extinguishment of debt</td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">336,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Other</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">43,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">2,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">65,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">814,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Noncash benefit for income taxes</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(9,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">161,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(9,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">161,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; "><strong>Proforma net loss</strong></td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(1,710,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:6.48734%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(4,024,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(10,238,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(12,759,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; ">Pro forma non-GAAP net earnings (loss) per common share — basic and diluted</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(0.96</td>
<td style="width:0.712025%;;border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:6.48734%;;border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(139.84</td>
<td style="width:0.712025%;;border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(20.77</td>
<td style="width:0.712025%;;border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(682.01</td>
<td style="width:0.712025%;;border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; ">Non-GAAP weighted-average shares — basic and diluted</td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-top: double black 3pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-top: double black 3pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,777,284</td>
<td style="width:0.712025%;;border-top: double black 3pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: double black 3pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;border-top: double black 3pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">28,776</td>
<td style="width:0.712025%;;border-top: double black 3pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-top: double black 3pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-top: double black 3pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">492,868</td>
<td style="width:0.712025%;;border-top: double black 3pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td style="width:1.02848%;;border-top: double black 3pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-top: double black 3pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">18,708</td>
<td style="width:0.712025%;;border-top: double black 3pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
<td colspan="3" style="width:8.93987%;"> </td>
<td style="width:0.632911%;"> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr><td colspan="18" style="width:99.8418%;;text-align: center ;  vertical-align: middle; ">
<strong>SUPER LEAGUE ENTERPRISE, INC.</strong><br><strong>Reconciliation of Net Loss to Net Loss Attributable to Common Stockholders<sup>(1)</sup></strong><br><strong>(Numerator in loss per share calculation)</strong><br><strong>FOR THE THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2025 AND 2024</strong><br><strong><em>(In U.S. dollars, rounded to the nearest thousands, except share and per share data)</em></strong><br><strong>(UNAUDITED)</strong>
</td></tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="7" style="width:17.8006%;;text-align: center ;  vertical-align: middle; "><strong>Three Months Ended</strong></td>
<td style="width:0.632911%;"> </td>
<td colspan="7" style="width:18.5127%;;text-align: center ;  vertical-align: middle; "><strong>Fiscal Year Ended</strong></td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="7" style="width:17.8006%;;text-align: center ;  vertical-align: middle; "><strong>December 31,</strong></td>
<td style="width:0.632911%;"> </td>
<td colspan="7" style="width:18.5127%;;text-align: center ;  vertical-align: middle; "><strong>December 31,</strong></td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2025</strong></td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: center ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2024</strong></td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: center ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2025</strong></td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: center ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2024</strong></td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; ">Net loss</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(10,142,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:6.48734%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(5,288,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(20,717,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(16,635,000</td>
<td style="width:0.712025%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; ">Deemed dividend on Series AA Preferred Stock – down round feature</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(308,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; ">Deemed dividend on exchange of Series AA, AAA and AAA Junior Preferred Stock for Series B Preferred Stock</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">7,685,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; ">Deemed dividend – Issuance of Series B Warrants</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(6,720,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(6,720,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: left ;  vertical-align: middle; ">Preferred stock dividends paid or accrued– common stock</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">80,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:6.48734%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(1,096,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(291,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:7.19937%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(4,386,000</td>
<td style="width:0.712025%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(16,782,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:6.48734%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(6,384,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(20,351,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.02848%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:7.19937%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(21,021,000</td>
<td style="width:0.712025%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
<tr>
<td style="width:61.6297%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.22785%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:8.93987%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:0.632911%;;text-align: right ;  vertical-align: middle; "> </td>
</tr>
</table> <p align="center"><br></p>  <p align="center"><br></p> <table style="border-collapse: collapse; width:100.016%; border-collapse:collapse ;">
<tr><td colspan="11" style="width:99.9881%;;text-align: center ;  vertical-align: middle; ">
<strong>SUPER LEAGUE ENTERPRISE, INC.<br></strong><strong>CONSOLIDATED STATEMENTS OF CASH FLOWS<sup>(1)</sup><br></strong><strong>FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024</strong><br><strong>(In U.S. dollars, rounded to the nearest thousands, except share and per share data)</strong><br><strong>(UNAUDITED)</strong>
</td></tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.7129%;"> </td>
<td style="width:1.10742%;"> </td>
<td colspan="3" style="width:14.6338%;"> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.7129%;"> </td>
<td style="width:1.10742%;"> </td>
<td colspan="3" style="width:14.6338%;"> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;"> </td>
<td colspan="7" style="width:30.454%;;text-align: center ;  vertical-align: middle; "><strong>Fiscal Year Ended</strong></td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;"> </td>
<td colspan="7" style="width:30.454%;;text-align: center ;  vertical-align: middle; "><strong>December 31,</strong></td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;"> </td>
<td style="width:1.66113%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2025</strong></td>
<td style="width:1.18652%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: center ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; "><strong>2024</strong></td>
<td style="width:1.18652%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;"> </td>
<td colspan="3" style="width:14.7129%;"> </td>
<td style="width:1.10742%;"> </td>
<td colspan="3" style="width:14.6338%;"> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "><strong>Operating Activities</strong></td>
<td colspan="3" style="width:14.7129%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.6338%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; ">Net loss</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(20,717,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; ">$</td>
<td colspan="3" style="width:13.0556%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(16,635,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "><strong>Adjustments to reconcile net loss to net cash used in operations:</strong></td>
<td colspan="3" style="width:14.7129%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.6338%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Depreciation and amortization</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">2,193,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">2,612,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Stock-based compensation</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">2,311,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,289,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Loss on extinguishment of liability – contingent consideration</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">161,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">336,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Change in fair value of warrant liability</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(1,183,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(1,115,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Change in fair value of contingent consideration</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(252,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Change in fair value of debt</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">7,119,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">163,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Gain on sale of intangible assets</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(183,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Debt Issuance costs</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">554,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.6338%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Fair value of noncash legal settlement and other noncash charges</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">959,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Other</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">42,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "><strong>Changes in operating assets and liabilities</strong></td>
<td colspan="3" style="width:14.7129%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.6338%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Accounts Receivable</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">505,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">4,521,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Prepaid Expense and Other Assets</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(258,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">821,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Accounts payable and accrued expense</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(1,818,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(3,960,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Accrued contingent consideration</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(20,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Contract liabilities</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">516,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(289,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Deferred taxes</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(14,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">161,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; ">Accrued interest on notes payable</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">130,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "><strong>Net Cash Used in Operating Activities</strong></td>
<td style="width:1.66113%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>(10,589,000</strong></td>
<td style="width:1.18652%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "><strong>)</strong></td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>(11,462,000</strong></td>
<td style="width:1.18652%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "><strong>)</strong></td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.7129%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.6338%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "><strong>Investing Activities</strong></td>
<td colspan="3" style="width:14.7129%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.6338%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; ">Proceeds from sale of Minehut and Mineville Assets</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,158,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">192,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; ">Purchase of property and equipment</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(23,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; ">Capitalization of software development costs</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(290,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(452,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; ">Acquisition of other intangibles</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(35,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:1.18652%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "><strong>Net Cash Provided by (Used In) Investing Activities</strong></td>
<td style="width:1.66113%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>833,000</strong></td>
<td style="width:1.18652%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>(283,000</strong></td>
<td style="width:1.18652%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "><strong>)</strong></td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.7129%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.6338%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "><strong>Financing Activities</strong></td>
<td colspan="3" style="width:14.7129%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.6338%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; ">Proceeds from issuance of preferred stock, net</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">-</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">2,393,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; ">Proceeds from issuance of common stock, net of issuance costs</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">20,687,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;"> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,000,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; ">Proceeds from the issuance of promissory notes, net of issuance costs</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">7,607,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;"> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">3,257,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; ">Payments on promissory notes</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(5,268,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:1.10742%;"> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(396,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; ">Accounts receivable facility advances</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">429,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,174,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; ">Payments on accounts receivable facility</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(453,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(1,950,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; ">Other</td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(166,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(32,000</td>
<td style="width:1.18652%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "><strong>Net Cash Provided by Financing Activities</strong></td>
<td style="width:1.66113%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>22,836,000</strong></td>
<td style="width:1.18652%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>5,446,000</strong></td>
<td style="width:1.18652%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.7129%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.6338%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "><strong>Net Change in Cash and Cash Equivalents</strong></td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">13,080,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">(6,299,000</td>
<td style="width:1.18652%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; ">)</td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "><strong>Cash and Cash Equivalents at Beginning of the Period</strong></td>
<td style="width:1.66113%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.8652%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">1,310,000</td>
<td style="width:1.18652%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "> </td>
<td style="width:11.7861%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; ">7,609,000</td>
<td style="width:1.18652%;;border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: left ;  vertical-align: middle; "><strong>Cash and Cash Equivalents at End of the Period</strong></td>
<td style="width:1.66113%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>$</strong></td>
<td style="width:11.8652%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong> 14,390,000</strong></td>
<td style="width:1.18652%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.66113%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong>$</strong></td>
<td style="width:11.7861%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; "><strong> 1,310,000</strong></td>
<td style="width:1.18652%;;border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
<tr>
<td style="width:1.10742%;"> </td>
<td style="width:67.1571%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.7129%;;text-align: right ;  vertical-align: middle; "> </td>
<td style="width:1.10742%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="3" style="width:14.6338%;;text-align: right ;  vertical-align: middle; "> </td>
<td colspan="2" style="width:1.26952%;"> </td>
</tr>
</table> <p>__________</p>  <p>(1) The financial statement schedules included in this earnings release are labeled unaudited as the schedules do not include all footnotes and other disclosures required by accounting principles generally accepted in the United States of America (“GAAP”) for complete audited financial statements. Such footnotes and disclosures are an integral part of audited financial statements.</p>  <p>The financial information presented herein is subject to finalization in connection with the completion of the Company’s year-end 2025 audit and the preparation of its Annual Report on Form 10-K for the fiscal year ended 2025, which the Company expects to file with the Securities and Exchange Commission (“SEC”) on March 31, 2026. Management does not anticipate any material changes to the financial information presented in this release. Modifications, if any, will be reflected in the Company’s Form 10-K when filed with the SEC on March 31, 2026.</p>  <br><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/9cf009a1-cfb1-4021-858a-b8adc2cfd656"><img src="https://ml.globenewswire.com/media/9cf009a1-cfb1-4021-858a-b8adc2cfd656/small/sle-logo-jpg.jpg" border="0" width="150" height="55" alt="Primary Logo"></a></p>
Source: Super League Enterprise

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      <title>Super League Signs Definitive Agreement to Acquire Misfits Ads Division, Expanding Revenue and Accelerating Path to Positive Adjusted EBITDA</title>
      <link>https://ir.superleague.com/news-events/press-releases/detail/291/super-league-signs-definitive-agreement-to-acquire-misfits</link>
      <pubDate>Wed, 18 Mar 2026 08:00:00 -0400</pubDate>
      <guid isPermaLink="true">https://ir.superleague.com/news-events/press-releases/detail/291/super-league-signs-definitive-agreement-to-acquire-misfits</guid>
<content:encoded><![CDATA[

<h3 class="spr-ir-news-article-title">Acquisition Will Add Programmatic Revenue, Rewarded Video Technology and Creator Partnerships While Advancing Platform Capabilities</h3>

<p align="left">SANTA MONICA, Calif., March  18, 2026  (GLOBE NEWSWIRE) -- Super League (Nasdaq: SLE), an audience intelligence and media activation company connecting brands with people who play video games—one of the largest and most influential audiences in modern culture—today announced a definitive agreement to acquire the Misfits Ads Division from Misfits Gaming Group. Post-closing, the transaction will expand Super League’s revenue base, diversify monetization channels, and accelerate its path to positive Adjusted EBITDA and long-term value creation.</p>  <p><strong>Strategic Expansion of Super League’s Advertising Platform</strong></p>  <p>The acquisition will represent the next step in Super League’s strategic execution following the Company’s restructuring in 2025 and completion of a $20 million PIPE financing in October 2025, which strengthened the balance sheet and positioned the business to pursue disciplined growth initiatives.</p>  <p>The addition of the Misfits Ads Division will broaden Super League’s media and advertising solutions in several key areas:</p>  <ul type="disc">
<li>Programmatic Revenue Expansion – new automated monetization streams that diversify and scale Super League’s revenue mix.</li>
<li>Proprietary Rewarded Video Technology – high-value advertising solution enabling gamers to watch content in exchange for digital items, ensuring a positive user experience while maximizing ad performance metrics.</li>
<li>Creator and Talent Relationships – direct relationships with leading gaming creators and communities across gaming and social platforms.</li>
<li>Complementary Brand Partnerships – expanded relationships within entertainment, consumer packaged goods, food and beverage, and other major advertiser categories.</li>
<li>Data Partnerships - new relationships with unique consumer data providers that enhance Super League’s audience intelligence and customer targeting capabilities.<br>
</li>
</ul>  <p>In addition to the assets being acquired, Super League and Misfits will enter into a Preferred Commercial Brand Partnership agreement enabling Super League to run brand integrations across Misfits’ significant owned-and-operated game portfolio reaching more than 100 million monthly active users, which will remain within Misfits as a standalone business.</p>  <p>Over the past three years, the Misfits Ads Division has executed more than 150 brand partnership programs across some of the largest and most popular games in Roblox, many of the most successful Minecraft servers, and in partnership with several of the most recognized gaming creators in the world.</p>  <p><strong>Leadership Perspective</strong></p>  <p>“We are excited to welcome the Misfits Ads Division into Super League,” said Matt Edelman, Chairman and Chief Executive Officer of Super League. “Once closed, this acquisition will go well beyond just adding new revenue—it will add the automation and talent needed to win a disproportionate share of spend targeting one of the largest and most engaged audiences in modern media. As brands shift their budgets toward gaming to find the ‘unreachables,’ Super League now will be better equipped to convert that attention into measurable financial performance and a faster path to positive Adjusted EBITDA.”</p>  <p>“Misfits has always believed in the power of gaming to bring brands closer to passionate communities,” said Ben Spoont, Chief Executive Officer of Misfits. “Super League shares that vision, and we believe combining our advertising business with their platform and distribution capabilities will create a stronger foundation for growth. We look forward to continuing to work closely together as partners.”</p>  <p><strong>Transaction Details</strong></p>  <p>Subject to the satisfaction of certain closing conditions, including approval by Super League shareholders at an upcoming Special Meeting of Stockholders, Misfits will receive $1.5 million in cash and 19.99% of the aggregate of (i) the fully issued and outstanding shares of Super League’s common stock, and (ii) the number of shares of Super League common stock underlying those certain outstanding pre-funded warrants issued in the October 2025 PIPE financing.</p>  <p>Upon achievement of specified net revenue milestones generated through the acquired assets, Misfits will be eligible to receive additional cash and equity consideration over the 24-month period following closing. This structure ensures deep alignment between the teams to focus on the financial success of the business in support of Super League’s long-term stock performance.</p>  <p>Misfits also will receive a common stock purchase warrant to purchase Super League common stock at an exercise price of $18 per share.</p>  <p>Following completion of the transaction, a member of the Misfits Board of Directors will join the Super League Board of Directors.</p>  <p><strong>Unlocking Greater Scale for Marketers</strong></p>  <p>The acquisition of the Misfits Ads Division will enhance Super League’s ability to serve as a strategic audience partner for brands, providing scaled access to gamers across gaming and digital channels. Beyond expanded reach, Super League will deliver deeper audience intelligence—helping brands understand not only what games people play, but what drives engagement, affinity, and conversion.</p>  <p>As part of the transaction, Justin Stefanovic, who leads partnerships for the Misfits Ads Division, will join Super League along with members of his team.</p>  <p>“Bringing these two businesses together will create a much larger platform for brands that want to reach gaming audiences,” said Stefanovic. “Our track record of guiding brands through gaming-focused programs with targeted amplification, combined with Super League’s products, scale, and distribution will unlock a powerful commercial engine capable of delivering bigger ideas, broader reach, and measurable impact for brands looking to win with gamers.”</p>  <p><strong>About Super League</strong></p>  <p align="justify">Super League (Nasdaq: SLE) is an audience intelligence and media activation company connecting brands with the 3.5 billion-person global gaming population. By combining proprietary data signals, immersive ad formats, and scalable distribution, the Company translates player behavior into measurable marketing performance across gaming environments, digital video, social media, and connected TV. As its data and distribution expand, Super League is positioned to expand margins and further strengthen its competitive moat. For more information, visit superleague.com.</p>  <p><strong>About Misfits Gaming Group</strong></p>  <p>Misfits Gaming Group is one of the world's leading Roblox &amp; UGC game studios, built on a proven model of identifying, acquiring, and scaling high-potential games on the world's largest immersive gaming platforms. With a portfolio of games reaching more than 100 million monthly active users — including Knockout, a current Top 10 game on all of Roblox — Misfits combines data-driven game selection with deep expertise in marketing, monetization, and community building to create lasting player engagement at scale. The Company also holds competitive gaming interests across League of Legends and Call of Duty. Backed by investors including the DeVos family, the Haslam family, and Scripps, Misfits is headquartered in Florida. For more information, visit studio.misfitsgaming.gg.</p>  <p><strong>Forward-Looking Statements</strong><br>This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.</p>  <p>Forward Looking Statements can be identified by words such as “anticipate,” “intend,” "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements include all statements other than statements of historical fact, including, without limitation, all statements regarding Super League’s ability to consummate the transactions contemplated by the definitive acquisition agreement, properly integrate the purchased assets into Super League’s business, realize revenue from the purchased assets and Misfits Ad Business, implement and execute on its corporate strategies and business plan, and adequately maintain and utilize its existing capital, capital structure, liquidity, and financing activities. These statements are based on current expectations, estimates, forecasts, and projections about the industry and markets in which the Company operates, management’s current beliefs, and certain assumptions made by the Company, all of which are subject to change.</p>  <p>Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that are difficult to predict and that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors include, but are not limited to: the Company’s ability to integrate the purchased assets and assumed contracts into its business; the Company’s ability to realize the expected and anticipated benefits of the transaction; the Company’s ability to consummate the transaction pursuant to the terms of the definitive acquisition agreement; the Company’s ability to adequately and efficiently utilize the funds received in recent financings; the Company’s ability to execute and implement its corporate strategies; customer demand and adoption trends; the timing, outcome, and enforceability of any patent applications; the ability to successfully integrate new technologies and partnerships; platform, regulatory, macroeconomic and market conditions; access to, and the cost of, capital; and the other risks and uncertainties described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, the Company’s Quarterly Report on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025, and September 30, 2025, and other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.</p>  <p><strong>Investor Relations Contact:</strong><br>Kirsten Thies Beduya<br>Quantum Media Group<br>team@quantum-corp.com</p>  <br><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/9cf009a1-cfb1-4021-858a-b8adc2cfd656"><img src="https://ml.globenewswire.com/media/9cf009a1-cfb1-4021-858a-b8adc2cfd656/small/sle-logo-jpg.jpg" border="0" width="150" height="55" alt="Primary Logo"></a></p>
Source: Super League Enterprise

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      <title>Super League Sets Fourth Quarter and Full Year 2025 Earnings Date, March 27, 2026</title>
      <link>https://ir.superleague.com/news-events/press-releases/detail/290/super-league-sets-fourth-quarter-and-full-year-2025</link>
      <pubDate>Tue, 17 Mar 2026 16:15:00 -0400</pubDate>
      <guid isPermaLink="true">https://ir.superleague.com/news-events/press-releases/detail/290/super-league-sets-fourth-quarter-and-full-year-2025</guid>
<content:encoded><![CDATA[

<p align="start">SANTA MONICA, Calif., March  17, 2026  (GLOBE NEWSWIRE) -- Super League (Nasdaq: SLE) (the “Company”), an audience intelligence and media activation company connecting brands with people who play video games, one of the largest and most value audiences shaping modern culture, announced today that the Company will post its fourth quarter and full year 2025 financial results before market open on Friday, March 27, 2026. A webinar will be held the same day at 8:30 am Eastern Time to discuss the results and can be accessed using the below dial-in numbers or registration link.</p>  <p align="start"><strong>Super League Fourth Quarter and Full Year 2025 Earnings Webinar</strong></p> <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
<tr>
<td style="max-width:30%; width:30%; min-width:30%;;text-align: left ;  vertical-align: middle; vertical-align: bottom ; "><strong>Date:</strong></td>
<td style="max-width:70%; width:70%; min-width:70%;;text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">Friday, March 27, 2026</td>
</tr>
<tr>
<td style="text-align: left ;  vertical-align: middle; vertical-align: bottom ; "><strong>Time:</strong></td>
<td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">8:30 am Eastern Time</td>
</tr>
<tr>
<td style="text-align: left ;  vertical-align: middle; vertical-align: bottom ; "><strong>Dial-in:</strong></td>
<td style="text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">1-877-407-0779</td>
</tr>
<tr>
<td style="text-align: left ;  vertical-align: middle; vertical-align: bottom ; "><strong>International Dial-in:</strong></td>
<td style="text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">1-201-389-0914</td>
</tr>
<tr>
<td style="text-align: left ;  vertical-align: middle; vertical-align: bottom ; "><strong>Webinar:</strong></td>
<td style="text-align: left ;  vertical-align: middle; vertical-align: bottom ; "><a href="https://incommconferencing.zoom.us/webinar/register/WN_TMpXkiNzToefIcztD37o_g" rel="nofollow" target="_blank"><u>Register Here</u></a></td>
</tr>
<tr>
<td style="vertical-align: bottom ; "> </td>
<td style="vertical-align: bottom ; "> </td>
</tr>
</table> <p align="start">A replay will be available within 24 hours after the webinar and can be accessed <a href="https://www.globenewswire.com/Tracker?data=FX3J1TcSwbjbiZ-RG_wq1xCFkN6qDEv--16YfYP-zR8Rzt2mXDqOJLCHgy1FedCx6m8TrZ9vdamvOfzQT-P8dIJwjwIhe0mEx4NNepLnBoXP1GUlUQ9Hdz6spBPfC7yoUv457gnvBn8Uq6YMGrrXbg==" rel="nofollow" target="_blank"><u>here</u></a> or on the Company’s investor relations website at <a href="https://www.globenewswire.com/Tracker?data=keG4mqiFlLCyqIm7G6VCW2kIsRCGWETrk3HgQgv41k_erjRlj6cuLDwprRPMYsCj4oiuF8tir0nlqE3mhKcrYmFHOis5YkfBzRZ8P8TJWJglivgrNV4f7xP-xIQKNg0rmJa9aCGgpnS5RTBeQZqXyem_8gNPgFw3ebsCvjAd3nn01ThNuN4kY3peRwrU14gjtPjYDTxQFsvX4pvnm4Sceh7YWlXu0fcnFueuoPwobWWoD9yrVeo77VvYgoofldOFfoqu-iXX40lEiSw6NLamCuMNH86eEEVCuNYb6qZ1jLtKNXoiJwX_Sr4bm6WuowHs" rel="nofollow" target="_blank"><u>https://ir.superleague.com/</u></a>.</p>  <p align="start"><strong>About Super League</strong></p>  <p align="justify">Super League (Nasdaq: SLE) is an audience intelligence and media activation company connecting brands with the 3.5 billion-person global gaming population. By combining proprietary data signals, immersive ad formats, and scalable distribution, the Company translates player behavior into measurable marketing performance across gaming environments, digital video, social media, and connected TV. As its data and distribution expand, Super League is positioned to expand margins and further strengthen its competitive moat.</p>  <p align="start"><strong>Investor Relations Contact:</strong> <br>Kirsten Beduya <br>Quantum Media Group <br><a href="https://www.globenewswire.com/Tracker?data=CqyxqfNlNkbQqNpr47nua4mYXsUCK408YGs99S6jfrvpL2tOxd9jxnOujx_1jn5G_oP7_IksrvxaDVvGj1qEdo_v3ualqL4xjPW6lyCujNE=" rel="nofollow" target="_blank"><u>team@quantum-corp.com</u></a></p>  <br><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/9cf009a1-cfb1-4021-858a-b8adc2cfd656"><img src="https://ml.globenewswire.com/media/9cf009a1-cfb1-4021-858a-b8adc2cfd656/small/sle-logo-jpg.jpg" border="0" width="150" height="55" alt="Primary Logo"></a></p>
Source: Super League Enterprise

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      <title>Super League Debuts AI-Driven Playable Media Product via Exclusive Partnership with AdArcade</title>
      <link>https://ir.superleague.com/news-events/press-releases/detail/289/super-league-debuts-ai-driven-playable-media-product-via</link>
      <pubDate>Wed, 28 Jan 2026 09:00:00 -0500</pubDate>
      <guid isPermaLink="true">https://ir.superleague.com/news-events/press-releases/detail/289/super-league-debuts-ai-driven-playable-media-product-via</guid>
<content:encoded><![CDATA[

<p align="center"><em>Expanded Capabilities Allow Brands to Convert Video Campaigns Into High-Impact Playable Media at Scale</em></p>  <p align="left">SANTA MONICA, Calif., Jan.  28, 2026  (GLOBE NEWSWIRE) -- Super League (Nasdaq: SLE), a leader in playable media trusted by global brands to reach and activate gaming audiences, today announced an expansion of its exclusive partnership with AdArcade, introducing new AI-powered capabilities that significantly broaden how brands can deploy playable media at scale within rewarded mobile video inventory.</p>  <p align="left">Gaming has rivaled social media in cultural impact and daily usage. For marketers, this means the gaming community isn't just a niche group; it's a primary audience that drives real results and brand loyalty. Mobile gaming, in particular, offers a familiar entry point for brands accustomed to television and digital video, providing massive reach, tens of billions of programmatically accessible and measurable daily impressions, and targeting by context, device, and third-party audiences, often at meaningfully lower costs than connected television. With rewarded mobile game inventory, consumers opt in to watch ads, uniquely delivering attention rather than causing interruption.</p>  <p align="left"><strong>Turning Video Ads Into Interactive Experiences</strong></p>  <p align="left">AdArcade’s patented Native Playables® technology converts a brand’s existing video ad into a playable experience that gamifies interaction with brand messaging. These interactive units run within rewarded mobile video inventory, allowing advertisers to maintain standard buying workflows while replacing passive viewing with hands-on engagement that consistently outperforms traditional creative formats.</p>  <p align="left"><strong>AI-Powered Creative-as-a-Service Removes Friction at Scale</strong></p>  <p align="left">With AdArcade’s new AI-powered Creative-as-a-Service (CaaS) offering, programmatic teams can utilize Native Playables with virtually no incremental effort or creative cost. This allows brands to seamlessly extend video campaigns into mobile gaming video inventory, turning what was once a workflow gap into a true omnichannel opportunity without added complexity.</p>  <p align="left">“Mobile gaming has become one of the most scaled and measurable video environments in media, yet it remains underutilized by many brands,” said Matt Edelman, Chairman and Chief Executive Officer of Super League. “By expanding our partnership with AdArcade, we’re using AI to remove the friction that has historically kept play out of programmatic video strategies. Brands can now transform existing video assets into interactive, playable experiences that earn attention, drive engagement, and perform—without changing how they plan or buy media.”</p>  <p align="left">“Native Playables turn video ads into experiences,” said Bobby Wells, Chief Executive Officer of AdArcade. “Our AI-powered Creative-as-a-Service technology makes it possible to gamify video creative at scale, allowing brands to participate in mobile gaming with the same ease and efficiency as other video channels. Working closely with Super League accelerates adoption by putting these capabilities directly into the hands of agencies and marketers.”</p>  <p align="left"><strong>Expanding Omnichannel Playable Media Execution</strong></p>  <p align="left">By integrating AdArcade’s AI-driven creative automation into Super League’s broader platform and distribution ecosystem, Super League is expanding its ability to help brands participate in one of the most scaled, measurable, and attention-rich video environments in media. The result is a more efficient path to omnichannel execution, where existing video investments can be transformed into interactive experiences that earn attention, perform, and scale.</p>  <p align="left"><strong>About Super League</strong></p>  <p align="left">Super League (Nasdaq: SLE) is redefining how brands connect with consumers through the power of playable media. The company creates moments that matter by placing brands directly in the path of play through playable ads and gamified content across mobile, web, CTV, social, and the world’s largest immersive gaming platforms. Powered by proprietary technologies, an award-winning development studio, and a vast network of native creators, Super League enables brands to stand out culturally, inspire loyalty, and drive measurable impact in today’s attention-driven economy. For more information, visit superleague.com.</p>  <p align="left"><strong>About AdArcade</strong></p>  <p align="left">AdArcade’s patented Native Playable® ad tech is enabling brands and agencies to engage over 2 billion mobile gamers from Gen A to Gen X with unparalleled full-funnel performance. This breakthrough technology converts a brand’s video ads into playable creatives that gamify ad text and audio to imprint the brand’s message and then programmatically matches ad gameplay to each player’s style of game. Matching ad gameplay to each player’s native gameplay grabs and holds players’ attention and encourages eyes-on, hands-on ad engagement. The result is industry-leading full-funnel results for global brands who recognize the opportunity to rise above the media clutter by tapping into the enormous, multi-generational mobile gaming audience.</p>  <p align="left"><strong>Forward-Looking Statements</strong><br>This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.</p>  <p align="left">Forward Looking Statements can be identified by words such as “anticipate,” “intend,” "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements include all statements other than statements of historical fact, including, without limitation, all statements regarding Super League’s ability to implement and execute on its corporate strategies and business plan, adequately maintain and utilize its existing capital, maintain compliance with the Listing Rules of the Nasdaq Capital Market, and capital structure, liquidity, and financing activities. These statements are based on current expectations, estimates, forecasts, and projections about the industry and markets in which the Company operates, management’s current beliefs, and certain assumptions made by the Company, all of which are subject to change.</p>  <p align="left">Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that are difficult to predict and that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors include, but are not limited to: the Company’s ability to maintain compliance with Nasdaq Capital Market continued listing standards; the Company’s ability to adequately and efficiently utilize the funds received in recent financings; the Company’s ability to execute and implement its corporate strategies; the Company’s ability to realize the anticipated benefits of its investment in Hide or Die, and/or the acquisition of Bounce; the Company’s ability to execute on cost reduction initiatives and strategic transactions; customer demand and adoption trends; the timing, outcome, and enforceability of any patent applications; the ability to successfully integrate new technologies and partnerships; platform, regulatory, macroeconomic and market conditions; access to, and the cost of, capital; and the other risks and uncertainties described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, the Company’s Quarterly Report on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025, and September 30, 2025, and other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.</p>  <p><strong>Investor Relations Contact:</strong><br>Shannon Devine / Mark Schwalenberg<br>MZ North America<br>Main: 203-741-8811<br>SLE@mzgroup.us</p>  <br><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/9cf009a1-cfb1-4021-858a-b8adc2cfd656"><img src="https://ml.globenewswire.com/media/9cf009a1-cfb1-4021-858a-b8adc2cfd656/small/sle-logo-jpg.jpg" border="0" width="150" height="55" alt="Primary Logo"></a></p>
Source: Super League Enterprise

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      <title>Super League Secures Exclusive Partnership with Solsten to Power Next Phase of Growth Through AI-Driven Audience Intelligence</title>
      <link>https://ir.superleague.com/news-events/press-releases/detail/288/super-league-secures-exclusive-partnership-with-solsten-to</link>
      <pubDate>Fri, 23 Jan 2026 09:00:00 -0500</pubDate>
      <guid isPermaLink="true">https://ir.superleague.com/news-events/press-releases/detail/288/super-league-secures-exclusive-partnership-with-solsten-to</guid>
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<h3 class="spr-ir-news-article-title">Psychology-Based Insights to be Integrated Into Campaign Planning, Creative, and Optimization</h3>

<p>SANTA MONICA, Calif., Jan.  23, 2026  (GLOBE NEWSWIRE) -- Super League (Nasdaq: SLE), a leader in playable media trusted by global brands to reach and activate gaming audiences through playable ads and gamified content, today announced an exclusive strategic partnership with Solsten, an AI-driven audience intelligence company specializing in psychology-based consumer insights. The collaboration expands Super League’s ability to deliver differentiated solutions that move beyond traditional demographics toward predictive audience understanding and insights-led campaign design.</p>  <p>Through the partnership, Super League gains select exclusivity to integrate Solsten’s proprietary psychographic data and predictive models directly into its campaign planning, creative development, and optimization workflows. Drawing on a proprietary data set built from opt-in assessments from millions of individuals, Super League can identify the underlying motivations and behavioral drivers, such as status orientation or independence, that shape engagement across interactive, social, and linear environments.</p>  <p>“The strongest marketing is rooted in understanding human motivation,” said Matt Edelman, Chairman and Chief Executive Officer of Super League. “By combining Solsten’s AI-driven intelligence with our platform capabilities, we apply the psychology of play to the full spectrum of brand engagement. That insight informs how playable media and creative assets are designed and how marketing stories are told, enabling brands to connect more deeply and deliver stronger performance wherever people play, watch, and connect.”</p>  <p>Solsten’s technology applies generative AI to a large-scale, psychology-based data set, producing predictive insights that anticipate how specific audience segments are likely to respond to creative, mechanics, and messaging. Integrated into Super League’s execution model, these insights support decision-making, guide optimization while programs are live, and improve performance across awareness, engagement, and customer acquisition.</p>  <p>Senior marketing leaders consistently point to data as a primary driver of investment decisions. Research from The CMO Survey, conducted by Duke University in collaboration with the American Marketing Association and Deloitte, shows that CMOs continue to increase their emphasis on analytics, measurement, and customer insight as a means to improve effectiveness and return on investment. As channels proliferate and audiences fragment, the value of intelligence that explains <em>why</em> consumers behave as they do continues to elevate in importance. The partnership between Super League and Solsten is aligned with this shift, with early applications of Solsten’s models in select campaigns demonstrating meaningful gains in acquisition efficiency, conversion rates from paid media, and lower customer acquisition costs.</p>  <p>“Play offers a powerful lens into human motivation, attention, and decision-making,” said Joe Schaeppi, CEO &amp; Co-founder of Solsten. “Partnering with Super League allows us to bring psychology-driven insight into real-world marketing programs, helping brands move beyond surface-level targeting and toward a deeper understanding of what drives engagement and action. Together, we’re enabling more informed creative, more relevant experiences, and more predictable performance across the marketing funnel.”</p>  <p>This collaboration enhances Super League’s ability to activate psychology-driven audience intelligence programmatically across channels, including in-game environments, mobile, social, digital video, and connected television. By aligning creative direction, targeting, and experience design around shared psychological drivers, Super League will be able to deliver branded programs that resonate more deeply with audiences while producing stronger outcomes for clients.</p>  <p>The partnership with Solsten underscores Super League’s continued focus on translating advanced data and AI capabilities into practical, scalable solutions with durable commercial value. As brands seek more effective ways to engage consumers in an increasingly interactive media landscape, the ability to understand and apply the psychology of play represents a structural competitive advantage.</p>  <p align="justify"><strong>About Super League</strong></p>  <p align="justify">Super League (Nasdaq: SLE) is redefining how brands connect with consumers through the power of playable media. The company creates moments that matter by placing brands directly in the path of play through playable ads and gamified content across mobile, web, CTV, social, and the world’s largest immersive gaming platforms. Powered by proprietary technologies, an award-winning development studio, and a vast network of native creators, Super League enables brands to stand out culturally, inspire loyalty, and drive measurable impact in today’s attention-driven economy. For more information, visit superleague.com.</p>  <p align="justify"><strong>About Solsten</strong></p>  <p align="justify">Solsten is an AI-driven audience intelligence company that helps brands understand the psychological drivers behind human behavior. Using proprietary psychology-based data and AI models, Solsten reveals how audiences think, feel, and engage, enabling more effective strategy, creative, and experience design across digital, social, and interactive environments. Trusted by leading global brands, Solsten helps organizations move beyond surface-level data to create more relevant experiences, ads, and drive stronger engagement and performance. For more information, visit solsten.io.</p>  <p align="justify"><strong>Forward-Looking Statements</strong><br>This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.</p>  <p align="justify">Forward Looking Statements can be identified by words such as “anticipate,” “intend,” "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements include all statements other than statements of historical fact, including, without limitation, all statements regarding Super League’s ability to implement and execute on its corporate strategies and business plan, adequately maintain and utilize its existing capital, realize the anticipated benefits of its investment in Hide or Die and/or the acquisition of Bounce, maintain compliance with the Listing Rules of the Nasdaq Capital Market, and capital structure, liquidity, and financing activities. These statements are based on current expectations, estimates, forecasts, and projections about the industry and markets in which the Company operates, management’s current beliefs, and certain assumptions made by the Company, all of which are subject to change.</p>  <p align="justify">Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that are difficult to predict and that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors include, but are not limited to: the Company’s ability to maintain compliance with Nasdaq Capital Market continued listing standards; the Company’s ability to adequately and efficiently utilize the funds received in recent financings; the Company’s ability to execute and implement its corporate strategies; the Company’s ability to realize the anticipated benefits of its investment in Hide or Die, and/or the acquisition of Bounce; the Company’s ability to execute on cost reduction initiatives and strategic transactions; customer demand and adoption trends; the timing, outcome, and enforceability of any patent applications; the ability to successfully integrate new technologies and partnerships; platform, regulatory, macroeconomic and market conditions; access to, and the cost of, capital; and the other risks and uncertainties described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, the Company’s Quarterly Report on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025, and September 30, 2025, and other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.</p>  <p><strong>Investor Relations Contact:</strong><br>Shannon Devine/ Mark Schwalenberg<br>MZ North America<br>Main: 203-741-8811<br>SLE@mzgroup.us</p>  <br><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/9cf009a1-cfb1-4021-858a-b8adc2cfd656"><img src="https://ml.globenewswire.com/media/9cf009a1-cfb1-4021-858a-b8adc2cfd656/small/sle-logo-jpg.jpg" border="0" width="150" height="55" alt="Primary Logo"></a></p>
Source: Super League Enterprise

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      <title>Super League Enters Next Phase of Execution, Bringing the Power of Play to Modern Marketing</title>
      <link>https://ir.superleague.com/news-events/press-releases/detail/287/super-league-enters-next-phase-of-execution-bringing-the</link>
      <pubDate>Wed, 21 Jan 2026 08:30:00 -0500</pubDate>
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<p>SANTA MONICA, Calif., Jan.  21, 2026  (GLOBE NEWSWIRE) -- Super League (Nasdaq: SLE) (the “Company”), a leader in playable media trusted by global brands to reach and activate gaming audiences through playable ads and gamified content, issued a letter to shareholders from the Company’s Chairman and Chief Executive Officer, Matt Edelman.</p>  <p><strong>Fellow Shareholders,</strong></p>  <p>Over the past ten months, and particularly since completing our financing in October, Super League has undergone a fundamental transformation. What began as a period of stabilization has become a phase of execution. Today, we are operating from a position of strength, clarity, and readiness, building a durable business designed for growth, profitability, and long-term value creation.</p>  <p>That progress is beginning to show in our financial performance. We expect the fourth quarter of 2025 to be our strongest revenue quarter of the year, and momentum has continued into the current fiscal period. The first quarter of 2026 is shaping up to be ahead of both the prior quarter and the comparable period last year, reflecting improved execution, a more focused operating model, and growing demand for our solutions.</p>  <p>This evolution is grounded in a clear belief: brands perform better when they understand not just where people spend time, but what motivates action. The power of play acts as a force multiplier in this equation, shaping how audiences engage, make decisions, and respond to content, communications, and opportunities.</p>  <p><strong>Play is not a channel. It is a competitive advantage.</strong></p>  <p>Beyond marketing, play has become one of the defining behaviors in modern culture - shaping how people consume content, interact with communities, and express identity across digital environments. The psychology of play sits at the center of this shift, informing how audiences engage with brands, media, and ideas when they are most open, participatory, and expressive. Super League exists to bring this dynamic to the forefront of the marketing ecosystem, helping brands apply the impact of play with greater precision and intent.</p>  <p>The actions we have taken were deliberate. They were taken to enable purposeful execution against our strategy.</p>  <p>We strengthened our balance sheet, simplified our structure, eliminated legacy constraints, and aligned the organization around a more focused operating model. As of December 31, 2025, we held approximately $14 million in cash, providing the resources to operate with confidence while investing selectively in the opportunities ahead.</p>  <p>With that foundation in place, our attention has shifted decisively toward delivery and monetization across our expanding capabilities and assets.</p>  <p><strong>From Strategy to Execution</strong></p>  <p>Super League is now organized around three tightly connected operating functions, each designed to reinforce the others and collectively drive operating momentum.</p>  <p><strong>Platform and Data</strong><br>This function focuses on building scalable products that unlock the power of playable media and interactive content formats, supported by insights drawn from where audiences play, watch, and connect. By pairing differentiated formats with actionable intelligence that strengthens decision-making, we provide brands with clearer direction and greater confidence in their planning. We believe the acquisition of Bounce marked a meaningful step forward by enhancing our ability to support automation, measurement, and more consistent full-funnel campaign execution.</p>  <p><strong>Advertising and Marketing Solutions</strong><br>This group applies our products, insights, and partner capabilities to the design and delivery of branded programs informed by the player mindset. We complement existing planning and buying approaches with a deeper understanding of audience psychographics, supporting brand efforts to build awareness, deepen engagement, and acquire customers among the massive population of consumers who play video games. Because gameplay shapes attention and behavior both within and beyond play environments, the power of play remains relevant across contexts - driving our expansion into mobile, social, digital video, and connected television, alongside our award-winning work on immersive platforms.</p>  <p><strong>Strategic Properties</strong><br>Our third function is focused on expanding our owned and operated footprint through revenue-generating assets within the gaming creator economy. The investment in <em>Hide or Die</em> represents our first step in building this portfolio. We believe these properties will contribute cash flow, provide unique access to data and insights, and create proprietary opportunities to expand brand partnerships. Just as importantly, they will strengthen the feedback loop between platform development, data intelligence, and commercial execution.</p>  <p>Together, these three areas reflect an organization built to operate with greater cohesion, strategic latitude, and scalability than at any point in our history.</p>  <p><strong>Sustaining Momentum with Discipline</strong></p>  <p>With sufficient capital to support operations for the foreseeable future, we are investing thoughtfully in initiatives and partnerships that expand capabilities within our updated organizational framework, while maintaining a disciplined approach to cost management. Profitability remains a priority, not as an endpoint, but as a prerequisite for sustained progress. We will combine that mission with the tireless pursuit of growth - because enduring value is created by businesses that can do both.</p>  <p><strong>Data, Digital Assets, and Future Optionality</strong><br>We continue to evaluate opportunities related to our broader digital asset strategy. While this work remains exploratory, our operating structure opens multiple pathways through which such initiatives could be brought to life responsibly and aligned with our core business. Advancements in our data platform and growing reach into ownable communities create real-world assets that could fuel meaningful monetization opportunities. Progress in this area will be guided by practicality, compliance, and long-term relevance.</p>  <p><strong>Positioned for the Next Phase of Execution</strong></p>  <p>The reverse stock split we announced today reflects this moment of transition. It supports our ability to execute against the opportunities ahead with greater focus and discipline.</p>  <p>Super League today is more streamlined, better capitalized, and more intentionally organized than it was a year ago. We are operating with sharper priorities, clearer accountability, and renewed momentum. The progress in recent months gives us confidence - not because of what has already been done, but because of what we are now equipped to deliver.</p>  <p>On behalf of the entire team, thank you for your continued support. We look forward to keeping you informed as we build the next chapter of Super League.</p>  <p><strong>Matt Edelman</strong><br>Chairman and Chief Executive Officer</p>  <p align="justify"><strong>About Super League</strong></p>  <p align="justify">Super League (Nasdaq: SLE) is redefining how brands connect with consumers through the power of playable media. The company creates moments that matter by placing brands directly in the path of play through playable ads and gamified content across mobile, web, CTV, social, and the world’s largest immersive gaming platforms. Powered by proprietary technologies, an award-winning development studio, and a vast network of native creators, Super League enables brands to stand out culturally, inspire loyalty, and drive measurable impact in today’s attention-driven economy. For more information, visit superleague.com.</p>  <p><strong>Forward-Looking Statements<br></strong>This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.</p>  <p align="justify">Forward Looking Statements can be identified by words such as “anticipate,” “intend,” "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements include all statements other than statements of historical fact, including, without limitation, all statements regarding Super League’s ability to implement and execute on its corporate strategies and business plan, adequately maintain and utilize its existing capital, realize the anticipated benefits of its investment in Hide or Die and/or the acquisition of Bounce, maintain compliance with the Listing Rules of the Nasdaq Capital Market, and capital structure, liquidity, and financing activities. These statements are based on current expectations, estimates, forecasts, and projections about the industry and markets in which the Company operates, management’s current beliefs, and certain assumptions made by the Company, all of which are subject to change.</p>  <p align="justify">Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that are difficult to predict and that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors include, but are not limited to: the Company’s ability to maintain compliance with Nasdaq Capital Market continued listing standards before and after the Legal Effective Date, including, without limitation, the Company’s ability to maintain a minimum stock price of at least $1.00 per share; the Company’s ability to adequately utilize the funds received in recent financings; the Company’s ability to execute and implement its corporate strategies; the Company’s ability to realize the anticipated benefits of its investment in Hide or Die, and/or the acquisition of Bounce; the Company’s ability to execute on cost reduction initiatives and strategic transactions; customer demand and adoption trends; the timing, outcome, and enforceability of any patent applications; the ability to successfully integrate new technologies and partnerships; platform, regulatory, macroeconomic and market conditions; access to, and the cost of, capital; and the other risks and uncertainties described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, the Company’s Quarterly Report on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025, and September 30, 2025, and other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.</p>  <p><strong>Investor Relations Contact:</strong><br>Shannon Devine/ Mark Schwalenberg<br>MZ North America<br>Main: 203-741-8811<br>SLE@mzgroup.us</p>  <br><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/9cf009a1-cfb1-4021-858a-b8adc2cfd656"><img src="https://ml.globenewswire.com/media/9cf009a1-cfb1-4021-858a-b8adc2cfd656/small/sle-logo-jpg.jpg" border="0" width="150" height="55" alt="Primary Logo"></a></p>
Source: Super League Enterprise

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      <title>Super League Announces 1-for-12 Reverse Split</title>
      <link>https://ir.superleague.com/news-events/press-releases/detail/286/super-league-announces-1-for-12-reverse-split</link>
      <pubDate>Wed, 21 Jan 2026 08:00:00 -0500</pubDate>
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<p align="justify">SANTA MONICA, Calif., Jan.  21, 2026  (GLOBE NEWSWIRE) -- Super League (Nasdaq: SLE) (the “Company”), a leader in playable media trusted by global brands to reach and activate gaming audiences through playable ads and gamified content, announced today a reverse stock split of its issued and outstanding shares of common stock, par value $0.001 per share ("Common Stock"), at a ratio of 1-for-12 (the “Reverse Split”).</p>  <p align="justify">The Reverse split is expected to become legally effective at 12:01 AM on January 23, 2026 (the "Legal Effective Date"). The shares are expected to begin trading on a split-adjusted basis on The Nasdaq Capital Market (“NCM”), under the Company's trading symbol "SLE", on January 23, 2026. The shares will be assigned new CUSIP No. 86804F509.</p>  <p align="justify">On the Legal Effective Date, every 12 issued and outstanding shares of the Company’s Common Stock will be converted automatically into one share of the Company’s Common Stock without any change in the par value per share. Once effective, the Reverse Split will reduce the number of shares of Common Stock outstanding from approximately 14.0 million shares to approximately 1.16 million shares.</p>  <p align="justify">The Reverse Split enables ongoing compliance with Nasdaq listing requirements.</p>  <p align="justify">Immediately after the Reverse Split, each stockholder's percentage ownership interest in the Company and proportional voting power will remain unchanged, except for minor changes and adjustments that will result from the treatment of fractional shares. No fractional shares of the Company’s Common Stock will be issued; instead, all fractional shares will be rounded up to the nearest whole share. The rights and privileges of the holders of shares of Common Stock will be substantially unaffected by the Reverse Split.</p>  <p align="justify">Stockholders who hold their shares in brokerage accounts or in "street name" will have their positions automatically adjusted to reflect the Reverse Split, subject to each broker's particular processes, and will not be required to take any action in connection with the Reverse Split. Registered stockholders holding pre-split shares of the Company's Common Stock electronically in book-entry form are not required to take any action to receive post-split shares. Those stockholders holding shares of the Company's Common Stock in certificate form will receive a transmittal letter from Broadridge with instructions as soon as practicable after the Legal Effective Date.</p>  <p align="justify"><strong>Forward-Looking Statements</strong><br>This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.</p>  <p align="justify">Forward Looking Statements can be identified by words such as “anticipate,” “intend,” "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements include all statements other than statements of historical fact, including, without limitation, all statements regarding Super League’s ability to maintain compliance with the Listing Rules of the Nasdaq Capital Market, and capital structure, liquidity, and financing activities. These statements are based on current expectations, estimates, forecasts, and projections about the industry and markets in which the Company operates, management’s current beliefs, and certain assumptions made by the Company, all of which are subject to change.</p>  <p align="justify">Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that are difficult to predict and that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors include, but are not limited to: the Company’s ability to maintain compliance with Nasdaq Capital Market continued listing standards before and after the Legal Effective Date, including, without limitation, the Company’s ability to maintain a minimum stock price of at least $1.00 per share; the Company’s ability to adequately utilize the funds received recent financings; the Company’s ability to execute on cost reduction initiatives and strategic transactions; customer demand and adoption trends; the timing, outcome, and enforceability of any patent applications; the ability to successfully integrate new technologies and partnerships; platform, regulatory, macroeconomic and market conditions; access to, and the cost of, capital; and the other risks and uncertainties described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, the Company’s Quarterly Report on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025, and September 30, 2025, and other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.</p>  <p align="justify"><strong>About Super League</strong></p>  <p align="justify">Super League (Nasdaq: SLE) is redefining how brands connect with consumers through the power of playable media. The company creates moments that matter by placing brands directly in the path of play through playable ads and gamified content across mobile, web, CTV, social, and the world’s largest immersive gaming platforms. Powered by proprietary technologies, an award-winning development studio, and a vast network of native creators, Super League enables brands to stand out culturally, inspire loyalty, and drive measurable impact in today’s attention-driven economy. For more information, visit <a href="https://www.globenewswire.com/Tracker?data=k9DVvO0NXSxRyabQkXt8LJwh08VyITVGkMcyoW3QSsmDwnRt7FYaVSwn3Ku76I6I_58I8NdoGPOgb2xgU5T5t8s8fd41NFBfxqbkAql3chk=" rel="nofollow" target="_blank">superleague.com</a>.</p>  <p><strong>Investor Relations Contact:</strong><br>Shannon Devine/ Mark Schwalenberg<br>MZ North America<br>Main: 203-741-8811<br>SLE@mzgroup.us</p>  <br><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/9cf009a1-cfb1-4021-858a-b8adc2cfd656"><img src="https://ml.globenewswire.com/media/9cf009a1-cfb1-4021-858a-b8adc2cfd656/small/sle-logo-jpg.jpg" border="0" width="150" height="55" alt="Primary Logo"></a></p>
Source: Super League Enterprise

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