Super League Enterprise, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 7 - Stockholders' Equity and Equity-linked Instruments (Tables)

Note 7 - Stockholders' Equity and Equity-linked Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Stock by Class [Table Text Block]

Date	Series Design- ation	Conversion Price – At Issuance		Shares		Gross Proceeds		Fees		Net Proceeds		Conversion Shares – At Issuance		Placement Agent Warrants ⁽¹⁾

November 30, 2023	Series AAA	$	1.674		5,377	$	5,377,000	$	645,000	$	4,732,000		3,212,000		466,000
December 22, 2023	Series AAA-2	$	1.71		2,978		2,978,000		357,000		2,621,000		1,742,000		253,000
Total					8,355	$	8,355,000	$	1,002,000	$	7,353,000		4,954,000		719,000

Series	Conversion		Preferred Shares							Conversion Shares
Designation	Price		Series Preferred AAA							Series Preferred AAA
															Additional Conversion Shares -		Adjusted
			Issued		Converted			Outstanding		Original Conversion Shares		Conversions During the Period			Adjusted Conversion Price⁽¹⁾		Conversion Shares At End of Period
Sales:
Series AAA	$	1.674		5,377		-			5,377		3,212,000		-			-		3,212,000
Series AAA-2	$	1.71		2,978		-			2,978		1,742,000		-			-		1,742,000
Subtotal				8,355		-			8,355		4,954,000		-			-		4,954,000

Exchanges:
Series AAA	$	1.674		4,011		(125	)		3,886		2,396,000		(75,000	)		-		2,321,000
Series AAA-2	$	1.71		2,356		(100	)		2,256		1,378,000		(58,000	)		-		1,320,000
Subtotal				6,367		(225	)		6,142		3,774,000		(133,000	)		-		3,641,000
Total				14,722		(225	)		14,497		8,728,000		(133,000	)		-		8,595,000

Date	Series Design- ation	Original Conversion Price – At Issuance⁽²⁾		Shares		Gross Proceeds		Fees		Net Proceeds		Conversion Shares – At Issuance		Placement Agent Warrants ⁽¹⁾

April 19, 2023	Series AA	$	9.43		7,680	$	7,680,000	$	966,000	$	6,714,000		814,000		114,000
April 20, 2023	Series AA-2	$	10.43		1,500		1,500,000		130,000		1,370,000		144,000		13,000
April 28, 2023	Series AA-3	$	9.50		1,025		1,025,000		133,000		892,000		108,000		15,000
May 5, 2023	Series AA-4	$	9.28		1,026		1,026,000		133,000		893,000		111,000		16,000
May 26, 2023	Series AA-5	$	10.60		550		550,000		72,000		478,000		52,000		7,000
Total					11,781	$	11,781,000	$	1,434,000	$	10,347,000		1,229,000		165,000

Series Designation	Conversion Price As Adjusted⁽¹⁾		Preferred Shares Series Preferred AA							Conversion Shares Series Preferred AA
															Additional Conversion Shares -
			Issued		Exchanged/ Converted			Outstanding as of December 31, 2023		Original Conversion Shares		Exchanges/ Conversions During the Period			Adjusted Conversion Price⁽¹⁾		Adjusted Conversion Shares as of December 31, 2023

Series AA	$	1.89		7,680		(2,926	)		4,754		814,000		(1,336,000	)		3,043,000		2,521,000
Series AA-2	$	2.09		1,500		(1,500	)		-		144,000		(274,000	)		130,000		-
Series AA-3	$	1.90		1,025		(634	)		391		108,000		(334,000	)		432,000		206,000
Series AA-4	$	1.86		1,026		(511	)		515		109,000		(275,000	)		443,000		277,000
Series AA-5	$	2.12		550		-			550		58,000		-			201,000		259,000
Total				11,781		(5,571	)		6,210		1,233,000		(2,219,000	)		4,249,000		3,263,000

Date	Series Design- ation	Conversion Price		Shares		Gross Proceeds		Fees		Net Proceeds		Conversion Shares		Placement Agent Warrants ⁽¹⁾

November 22, 2022	Series A	$	12.40		5,359	$	5,359,000	$	752,000	$	4,607,000		432,000		62,000
November 28, 2022	Series A-2	$	13.29		1,297		1,297,000		169,000		1,128,000		98,000		14,000
November 30, 2022	Series A-3	$	13.41		1,733		1,733,000		225,000		1,508,000		129,000		18,000
December 22, 2022	Series A-4	$	7.60		1,934		1,934,000		251,000		1,683,000		254,000		36,000
January 31, 2023	Series A-5	$	11.09		2,299		2,299,000		299,000		2,000,000		207,000		30,000
Total					12,622	$	12,622,000	$	1,696,000	$	10,926,000		1,120,000		160,000

			Preferred Shares							Conversion Shares
			Series Preferred A							Series Preferred A
Series Designation	Conversion Price		Issued		Exchanged/ Converted			Outstanding as of December 31, 2023		Original Conversion Shares		Exchanges/ Conversions During the Period			Conversion Shares as of December 31, 2023

Series A	$	12.40		5,359		(4,551	)		808		432,000		(367,000	)		65,000
Series A-2	$	13.29		1,297		(834	)		463		98,000		(63,000	)		35,000
Series A-3	$	13.41		1,733		(1,418	)		315		129,000		(106,000	)		23,000
Series A-4	$	7.60		1,934		(1,383	)		551		254,000		(182,000	)		72,000
Series A-5	$	11.09		2,299		(1,487	)		812		207,000		(134,000	)		73,000
Total				12,622		(9,673	)		2,949		1,120,000		(852,000	)		268,000

Share-based Payment Arrangement, Warrants, Activity [Table Text Block]

	2023
Beginning balance	$	-
Initial fair value of Series A and AA Preferred warrant liability – grant date		2,804,000
Initial fair value of Series AAA Preferred (including warrants issued in connection with the Exchange) warrant liability – grant date		1,665,000
Change in fair value		(2,898,000	)
Fair value of warrant liability	$	1,571,000

Schedule of Warrants, Valuation Assumptions [Table Text Block]

	May 26,				December 22,		December 31,
	2023				2023		2023
Expected Volatility		95%				98%		98%
Risk–free interest rate		3.88%				3.87%		3.84%
Dividend yield		-%				-%		-%
Expected life of options (in years)		5	-	5.19		5		4.5	-	5

Dividends Declared [Table Text Block]

Series Designation	Dividend Shares		Fair Value of Shares Issued

Series A		87,643	$	142,000
Series A-2		29,690		48,000
Series A-3		16,200		27,000
Series A-4		84,641		135,000
Series A-5		14,807		22,000
Total		232,981	$	374,000

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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+ Details